Nonprofit · EIN 36-2307745
NATIONAL MERIT SCHOLARSHIP CORPORATION
Tax-exempt · EVANSTON, IL 60201
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990 | $59,091,988 | $44,678,909 | $14,413,079 | $160,676,185 | $7,827,646 | $152,848,539 |
| May 31, 2024 | 990 | $39,117,284 | $46,187,457 | -$7,070,173 | $159,683,845 | $8,437,344 | $151,246,501 |
Financial details: 990 for the year ended May 31, 2025
Revenue
- Contributions, gifts and grants
- $29,846,180
- Program service revenue
- $3,002,524
- Investment income
- $26,243,284
- Net gain from sales of assets
- $24,158,811
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $32,753,793
- Compensation of officers, directors and key employees
- $841,900
- Other salaries and wages
- $2,466,334
- Salaries, compensation and benefits (total)
- $4,301,076
- Professional fundraising fees
- $136,500
- Legal fees
- $251,655
- Accounting fees
- $57,661
- Occupancy
- $537,994
- Travel
- $63,634
- Depreciation
- $62,501
- Program services (functional)
- $39,921,078
- Management and general (functional)
- $2,924,623
- Fundraising (functional)
- $1,833,208
Balance sheet and other
- Total assets, start of year
- $159,683,845
- Total assets, end of year
- $160,676,185
- Total liabilities, end of year
- $7,827,646
- Net assets, end of year
- $152,848,539
- Land, buildings and equipment
- $122,006
- Publicly traded securities
- $144,845,099
- Net assets without donor restrictions
- $146,219,344
- Net assets with donor restrictions
- $6,629,195
- Gross receipts
- $153,315,727
- Employees
- 39
- Volunteers
- 20
- Year formed
- 1955
- State of legal domicile
- IL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended May 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Timothy E McGuire | President Trustee or director, Officer | 50 | $445,234 | $100,294 |
| Kamilla L Spoehr | Vice President and Treasurer Officer | 40 | $186,894 | $63,620 |
| Sean M MacCready ED of | Scholar & Donor Svcs (until 1/24/25) Highest-paid employee | 40 | $154,958 | $49,413 |
| Yucheng Yuan | Exec. Director of IT Highest-paid employee | 40 | $150,520 | $36,180 |
| Kimberly C Greiner | Vice President Officer | 40 | $137,183 | $48,018 |
| Joon K Han | Director of IT Highest-paid employee | 40 | $117,497 | $51,382 |
| Nancy A Bogart | Exec. Dir. of Sponsor Services Highest-paid employee | 40 | $121,534 | $43,898 |
| Eileen M Artemakis | Exec. Dir. of Public Information Highest-paid employee | 40 | $111,020 | $47,781 |
| Frank J Dellaquila | Chairman Trustee or director, Officer | 0.5 | $0 | $0 |
| Heidi B Jark | Vice Chairman Trustee or director, Officer | 0.5 | $0 | $0 |
| Peter C Jennings | Vice Chairman Trustee or director, Officer | 0.5 | $0 | $0 |
| Richard C Benson | Director Trustee or director | 0.5 | $0 | $0 |
| Brad R Carson | Director Trustee or director | 0.5 | $0 | $0 |
| Curley M Dossman Jr | Director Trustee or director | 0.5 | $0 | $0 |
| Diane E Earll | Director Trustee or director | 0.5 | $0 | $0 |
14 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Colleen M Harsin | Director Trustee or director | 0.5 | $0 |
| Michael G Johnson | Director Trustee or director | 0.5 | $0 |
| Erin B Kohl | Director Trustee or director | 0.5 | $0 |
| Jeremy J Lowe | Director Trustee or director | 0.5 | $0 |
| Rosemary E Matzl | Director Trustee or director | 0.5 | $0 |
| Thomas E Pittman | Director Trustee or director | 0.5 | $0 |
| Mark E Reed | Director Trustee or director | 0.5 | $0 |
| Charles F Robinson | Director Trustee or director | 0.5 | $0 |
| Susan T Sadler | Director Trustee or director | 0.5 | $0 |
| Justin C Walker | Director Trustee or director | 0.5 | $0 |
| Wendy A Watkins | Director Trustee or director | 0.5 | $0 |
| Brian P Sinchak | Past Director Trustee or director | 0.5 | $0 |
| David L Stubblefield | Past Director Trustee or director | 0.5 | $0 |
| Richard L Sevcik | Corporate Secretary Officer | 0.5 | $0 |
990 for the year ended May 31, 2024: 29 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Timothy E McGuire | President Trustee or director, Officer | 50 | $428,570 | $94,242 |
| Kamilla L Spoehr | Vice President and Treasurer Officer | 40 | $144,973 | $52,300 |
| Jennifer B Ryan | Controller Highest-paid employee | 40 | $118,224 | $60,036 |
| Yucheng Yuan | Exec. Director of IT Highest-paid employee | 40 | $141,711 | $33,166 |
| Kimberly C Greiner | Vice President Officer | 40 | $123,918 | $45,150 |
| Joon K Han | Assistant Director of IT Highest-paid employee | 40 | $115,031 | $45,837 |
| Nancy A Bogart | Exec. Dir. Of Sponsor Services Highest-paid employee | 40 | $117,351 | $38,625 |
| Eileen M Artemakis | Exec. Dir. Of Public Information Highest-paid employee | 40 | $106,412 | $44,224 |
| Michael G Johnson | Chairman Trustee or director, Officer | 0.5 | $0 | $0 |
| Frank J Dellaquila | Vice Chairman Trustee or director, Officer | 0.5 | $0 | $0 |
| Peter C Jennings | Vice Chairman Trustee or director, Officer | 0.5 | $0 | $0 |
| Richard C Benson | Director Trustee or director | 0.5 | $0 | $0 |
| Brad R Carson | Director Trustee or director | 0.5 | $0 | $0 |
| Curley M Dossman Jr | Director Trustee or director | 0.5 | $0 | $0 |
| Diane E Earll | Director Trustee or director | 0.5 | $0 | $0 |
| Colleen M Harsin | Director Trustee or director | 0.5 | $0 | $0 |
| Heidi B Jark | Director Trustee or director | 0.5 | $0 | $0 |
| Erin B Kohl | Director Trustee or director | 0.5 | $0 | $0 |
| Rosemary E Matzl | Director Trustee or director | 0.5 | $0 | $0 |
| Thomas E Pittman | Director Trustee or director | 0.5 | $0 | $0 |
| Mark E Reed | Director Trustee or director | 0.5 | $0 | $0 |
| Charles F Robinson | Director Trustee or director | 0.5 | $0 | $0 |
| Brian P Sinchak | Director Trustee or director | 0.5 | $0 | $0 |
| David L Stubblefield | Director Trustee or director | 0.5 | $0 | $0 |
| Justin C Walker | Director Trustee or director | 0.5 | $0 | $0 |
| Wendy A Watkins | Director Trustee or director | 0.5 | $0 | $0 |
| M Timothy Gott | Past Director Trustee or director | 0.5 | $0 | $0 |
| Philip A Hooper | Past Director Trustee or director | 0.5 | $0 | $0 |
| Richard L Sevcik | Corporate Secretary Officer | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1560 SHERMAN AVE STE 200, EVANSTON, IL 60201-4816
- Principal officer (990 for 2024)
- Timothy E McGuire, 1560 Sherman Ave Ste 200, Evanston, IL 602014897
- Signed the 990
- Kamilla L Spoehr, Vice President & Treasurer
- Phone
- (847) 866-5111
- Website
- www.nationalmerit.org
- Return prepared by
- RSM US LLP
Mission
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 NMSC's scholarship programs are: to promote a wider and deeper respect for learning in general and for exceptionally talented individuals in particular; to shine a spotlight on brilliant students and encourage the pursuit of academic excellence at all levels of education; and to stimulate increased support from individuals and organizations that wish to sponsor scholarships for outstanding scholastic talent.
Program accomplishments
- 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 over 1.3 million entrants each year-and by meeting published program entry/participation requirements. For fiscal year 05/31/25 the National Merit Scholarship Program included:Four-Year Renewable Scholarships: 20,076 recipients One-Time Awards: 2,654 recipientsExpenses $39,921,078 · grants $32,753,793 · revenue $3,002,524
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | Not on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990 on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990 on file |
IRS record
- EIN
- 36-2307745
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1957
- Accounting year ends
- May
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B820)
- Assets (IRS master file)
- $160,676,185
- Income (IRS master file)
- $153,315,727
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | May 2025 | $59,091,988 | $44,678,909 | $160,676,185 | XML |
| 990-T | May 2025 | – | – | – | IRS |
| 990 | May 2024 | $39,117,284 | $46,187,457 | $159,683,845 | XML |
| 990-T | May 2024 | – | – | – | IRS |
| 990 | May 2023 | $44,073,587 | $46,689,079 | $147,223,809 | IRS |
| 990-T | May 2023 | – | – | – | IRS |
| 990 | May 2022 | – | – | – | IRS |
| 990-T | May 2022 | – | – | – | IRS |
| 990 | May 2021 | – | – | – | IRS |
| 990-T | May 2021 | – | – | – | IRS |
| 990 | May 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 36-2307745).
Questions about NATIONAL MERIT SCHOLARSHIP CORPORATION
- What is the EIN of NATIONAL MERIT SCHOLARSHIP CORPORATION?
- The employer identification number (EIN) of NATIONAL MERIT SCHOLARSHIP CORPORATION is 36-2307745.
- Is NATIONAL MERIT SCHOLARSHIP CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1957.
- Are donations to NATIONAL MERIT SCHOLARSHIP CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NATIONAL MERIT SCHOLARSHIP CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NATIONAL MERIT SCHOLARSHIP CORPORATION due?
- The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NATIONAL MERIT SCHOLARSHIP CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended May 2025.
- Who is the principal officer of NATIONAL MERIT SCHOLARSHIP CORPORATION?
- The 990 for the year ended May 31, 2025 names Timothy E McGuire.
- Who are the officers and directors of NATIONAL MERIT SCHOLARSHIP CORPORATION?
- The 990 for the year ended May 31, 2025 lists 29 people; 8 received compensation from the organization, the highest $445,234 (Timothy E McGuire, President).
- How much revenue does NATIONAL MERIT SCHOLARSHIP CORPORATION have?
- On its 990 for the year ended May 31, 2025 it reported revenue of $59,091,988, expenses of $44,678,909 and total assets of $160,676,185 at year end.
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