EIN 36-2307745

National Merit Scholarship Corporation

IRS 501(c) type
501(c)(3)
Num. employees
36
Year formed
1955
Most recent tax filings
2023-05-01
Description
National Merit Scholarship Corporation aims to recognize and honor academically talented students in the United States by conducting nationwide academic competitions for recognition and college undergraduate scholarships. NMSC has established two programs, namely National Achievement Scholarship Program for outstanding Black American high school students and National Merit Scholarship Program that rewards high school students who take the PSAT/NMSQT test. NMSC's enduring goals are achieved through these programs.
Total revenues
$44,073,587
2023
Total expenses
$46,689,079
2023
Total assets
$147,223,809
2023
Num. employees
36
2023

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 05/31/23 the National Merit Scholarship Program included:Four-Year Renewable Scholarships: 21,862 recipients One-Time Awards: 2,716 recipients

Grants made by National Merit Scholarship Corporation

GranteeGrant descriptionAmount
United Negro College FundAdditional and Final Grant for the Achievement Capstone Program$2,082,773

Who funds National Merit Scholarship Corporation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Liberty Mutual Scholarship FoundationScholarships$460,030
The Allergan Foundation2019-2020 Academic Year Scholarships$416,208
Adp FoundationCharitable Contribution$316,051
...and 31 more grants received totalling $3,400,834

Personnel at National Merit Scholarship Corporation

NameTitleCompensation
Nancy A BogartExecutive Director of Sponsor Services$114,061
Yucheng YuanExecutive Director of It$136,653
Eileen M ArtemakisExecutive Director of Public Information$103,277
Jennifer B RyanController$114,443
Brooke E SmartSenior Business and Systems Analyst$112,457
...and 13 more key personnel

Financials for National Merit Scholarship Corporation

RevenuesFYE 05/2023
Total grants, contributions, etc.$32,789,948
Program services$3,655,940
Investment income and dividends$2,177,546
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$5,450,153
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$44,073,587

Form 990s for National Merit Scholarship Corporation

Fiscal year endingDate received by IRSFormPDF link
2023-052023-10-13990View PDF
2022-052022-10-14990View PDF
2021-052021-10-13990View PDF
2020-052021-02-19990View PDF
2019-052019-12-11990View PDF
...and 9 more Form 990s

Organizations like National Merit Scholarship Corporation

OrganizationLocationRevenue
Children's Scholarship Fund (CSF)New York, NY$25,015,263
Jefferson Scholars FoundationCharlottesville, VA$33,501,224
Miami Dade College FoundationMiami, FL$35,719,937
James Madison University FoundationHarrisonburg, VA$37,424,979
Mississippi State University FoundationMississippi State, MS$79,749,690
Lake Area Technical College FoundationWatertown, SD$15,847,172
Rutgers University FoundationNew Brunswick, NJ$202,492,280
University of Central Missouri FoundationWarrensburg, MO$17,903,644
College Heights Foundation (CHF)Bowling Green, KY$11,398,936
University of Maine FoundationOrono, ME$40,999,640
Data update history
January 3, 2024
Received grants
Identified 13 new grant, including a grant for $316,051 from Adp Foundation
December 5, 2023
Posted financials
Added Form 990 for fiscal year 2023
December 4, 2023
Updated personnel
Identified 3 new personnel
October 24, 2023
Received grants
Identified 5 new grant, including a grant for $306,080 from Siemens Foundation
August 19, 2023
Received grants
Identified 35 new grant, including a grant for $460,030 from Liberty Mutual Scholarship Foundation
Nonprofit Types
Grantmaking organizationsSchoolsCharities
Issues
Education
Characteristics
LobbyingNational levelEndowed supportProvides scholarshipsTax deductible donations
General information
Address
1560 Sherman Ave Ste 200
Evanston, IL 60201
Metro area
Chicago-Naperville-Elgin, IL-IN-WI
County
Cook County, IL
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
813211: Grantmaking Foundations
Parent/child status
Independent
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