EIN 36-2307745

National Merit Scholarship Corporation

IRS 501(c) type
501(c)(3)
Num. employees
34
Year formed
1955
Most recent tax filings
2020-05
Description
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
GrantmakerDescriptionAmount
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

NameTitleCompensation
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

Organizations like National Merit Scholarship Corporation

OrganizationLocationRevenue
Arizona Tuition ConnectionScottsdale, AZ$20,905,628
Children Scholarship Fund Philadelphia (CSFP)Philadelphia, PA$15,811,296
Scholarship AmericaMinneapolis, MN$186,759,603
Asian and Pacific Islander American Scholarship Fund (APIASF)Washington, DC$16,263,692
United Negro College FundWashington, DC$74,869,324
Fisher House FoundationRockville, MD$59,094,371
The HALO TrustWashington, DC$31,676,382
Taco Bell FoundationIrvine, CA$21,804,575
AMIkidsTampa, FL$48,088,870
American Associates Ben-Gurion University of the Negev (AABGU)New York, NY$46,830,161
Dare AmericaCulver City, CA$15,570,747
Passages America IsraelNaperville, IL$15,927,264
Horatio Alger Association of Distinguished AmericansAlexandria, VA$34,599,955
The Dollywood FoundationPigeon Forge, TN$36,082,439
Children's Scholarship Fund (CSF)New York, NY$28,712,189
Stephen Siller Tunnel To Towers FoundationStaten Island, NY$45,956,094
Foundation for Advanced Education in the Sciences (FAES)Bethesda, MD$36,472,050
San Antonio Bowl AssociationSan Antonio, TX$14,183,734
Fashion Institute of TechnologyNew York, NY$34,887,053
Collective for YouthOmaha, NE$12,205,634
Abeka AcademyPensacola, FL$82,455,040
Parents AllianceSan Antonio, TX$25,525,627
SC First Steps to School ReadinessColumbia, SC$36,397,435
College Auxiliary Services of the State University College at PlattsburghPlattsburgh, NY$14,632,922
New Paradigm for Education (NPFE)Detroit, MI$15,275,278
Nonprofit Types
Issues
Characteristics
Key performance indicators
Total revenues
$43,963,602
2020
Yearly growth
-10.3%
% of revenues
n/a
Total expenses
$50,321,099
2020
Yearly growth
-1.3%
% of expenses
n/a
Total assets
$147,852,638
2020
Yearly growth
-1.8%
% of assets
n/a
Num. employees
34
2020
Yearly growth
-5.6%
% of total
n/a
General information
Address
1560 Sherman Ave No 200
Evanston, IL 60201
Metro area
Chicago-Naperville-Elgin, IL-IN-WI
Website URL
nationalmerit.org/s/1758/start.aspx?gid=2&pgid=61 
Phone
(847) 866-5111
IRS details
EIN
36-2307745
Fiscal year end
May
Taxreturn type
Form 990
Year formed
1955
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B82: Scholarships, Student Financial Aid Services
NAICS code, primary
813410: Civic and Social Organizations
Parent/child status
Independent