EIN 36-2307745

National Merit Scholarship Corporation

IRS 501(c) type
Num. employees
Year formed
Most recent tax filings
The mission of National Merit Scholarship Corporation (NMSC) is to recognize and honor the academically talented students of the United States. NMSC accomplishes its mission by conducting nationwide academic scholarship programs. The enduring goals of...

Program areas at National Merit Scholarship Corporation

The National Merit Scholarship Program is an academic competition for recognition and scholarships that began in 1955. High school students enter the National Merit Program by taking the Preliminary SAT/National Merit Scholarship Qualifying Test (PSAT/NMSQT) - a test which serves as an initial screen of approximately 1.5 million entrants each year-and by meeting published program entry/participation requirements. For fiscal year 05/31/20 the National Merit Scholarship Program included:Four-Year Renewable Scholarships: 22,581 recipients One-Time Awards: 2,801 recipients
The National Achievement Scholarship Program is an academic competition established in 1964 to provide recognition for outstanding Black American high school students. The last awards in the National Achievement Scholarship Program, which included four-year renewable scholarships, were offered in 2015. Although NMSC ceased conducting this program, there are continuing scholarship obligations for the four-year renewable awards. Black students could enter both the National Achievement Program and the National Merit Program by taking the Preliminary SAT/National Merit Scholarship Qualifying Test (PSAT/NMSQT) and meeting other published requirements for participation. A student's standing was determined independently in each program. Black American students could qualify for recognition and be honored as Scholars in both the National Merit Program and the National Achievement Program, but could receive only one monetary award from NMSC. For fiscal year 05/31/20 the National Achievement Scholarship Program included:Four-Year Renewable Scholarships: 2 recipients

Form 990s for National Merit Scholarship Corporation

Fiscal year endingDate received by IRSFormPDF link
2020-052021-02-19990View PDF
2019-052019-12-11990View PDF
2018-052018-12-22990View PDF
2017-052017-11-21990View PDF
2016-052017-01-20990View PDF
...and 6 more Form 990s

Who funds National Merit Scholarship Corporation

Grants from foundations and other nonprofits
Adp FoundationCharitable Contribution$320,819
 Subscribe to view████ ████$99,999
 Subscribe to view██████$99,999
...and 9 more grants received

Grants made by National Merit Scholarship Corporation

GranteeGrant descriptionAmount
United Negro College FundTo Endow Achievement Capstone Program$5,000,000
 Subscribe to view██████ ██████ ██ █████ █████ ██$9,999,999

Financials for National Merit Scholarship Corporation

RevenuesFYE 05/2020
Total grants, contributions, etc.$34,770,410
Program services$3,796,055
Investment income and dividends$2,039,687
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$3,357,450
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$43,963,602

Personnel at National Merit Scholarship Corporation

Timothy E McGuirePresident$308,413
Yucheng YuanDirector of It$121,320
Jennifer B RyanController$116,346
 Subscribe to viewSenior Business and Systems Analyst$104,490
 Subscribe to viewVice President and Treasurer$124,700
...and 7 more key personnel

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Nonprofit Types
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General information
1560 Sherman Ave No 200
Evanston, IL 60201
Metro area
Chicago-Naperville-Elgin, IL-IN-WI
Website URL
(847) 866-5111
IRS details
Fiscal year end
Taxreturn type
Form 990
Year formed
Eligible to receive tax-deductible contributions (Pub 78)
NTEE code, primary
B82: Scholarships, Student Financial Aid Services
NAICS code, primary
813410: Civic and Social Organizations
Parent/child status