1. Directory
  2. Illinois
  3. Evanston
  4. National Merit Scholarship Corporation
EIN 36-2307745

National Merit Scholarship Corporation

IRS 501(c) type
501(c)(3)
Num. employees
36
City
Evanston
State
Illinois
Year formed
1955
Most recent tax filings
2024-05-01
NTEE code, primary
B82: Scholarships, Student Financial Aid Services
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
$39,117,284
2024
Total expenses
$46,187,457
2024
Total assets
$159,683,845
2024
Num. employees
36
2024

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 over 1.3 million entrants each year-and by meeting published program entry/participation requirements. For fiscal year 05/31/24 the National Merit Scholarship Program included:Four-Year Renewable Scholarships: 20,963 recipients One-Time Awards: 2,725 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
State Farm Companies FoundationEducation Award$1,952,576
Liberty Mutual Scholarship FoundationScholarships$520,711
The Allergan Foundation2019-2020 Academic Year Scholarships$416,208
...and 30 more grants received totalling $5,484,647

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 12 more key personnel

Financials for National Merit Scholarship Corporation

RevenuesFYE 05/2024
Total grants, contributions, etc.$31,219,930
Program services$3,252,931
Investment income and dividends$2,526,463
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$2,117,960
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$39,117,284

Form 990s for National Merit Scholarship Corporation

Fiscal year endingDate received by IRSFormPDF link
2024-052024-10-16990View PDF
2023-052023-10-13990View PDF
2022-052022-10-14990View PDF
2021-052021-10-13990View PDF
2020-052021-02-19990View PDF
...and 10 more Form 990s

Organizations like National Merit Scholarship Corporation

OrganizationLocationRevenue
The Childrens Scholarship Fund (CSF)New York, NY$25,015,263
James Madison University FoundationHarrisonburg, VA$21,589,923
American Indian College FundDenver, CO$83,877,964
The Foundation for City CollegeNew York, NY$27,910,258
Jefferson Scholars FoundationCharlottesville, VA$33,501,224
Miami Dade College FoundationMiami, FL$35,719,937
University System of Maryland Foundation (USMF)Adelphi, MD$46,875,365
Air Force Academy FoundationUsaf Academy, CO$40,863,986
Mississippi State University FoundationMississippi State, MS$194,265,395
University of Central Ar FoundationincConway, AR$21,563,728
Data update history
August 10, 2024
Received grants
Identified 13 new grant, including a grant for $1,952,576 from State Farm Companies Foundation
May 18, 2024
Received grants
Identified 1 new grant, including a grant for $520,711 from Liberty Mutual Scholarship Foundation
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
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
California AB-488 details
AB 488 status
May Operate or Solicit for Charitable Purposes
Charity Registration status
Current - Awaiting Reporting
FTB status revoked
Not revoked
AG Registration Number
126358
FTB Entity ID
2754751
AB 488 data last updated ("as-of") date
2024-11-20
Free account sign-up

Want updates when National Merit Scholarship Corporation has new information, or want to find more organizations like National Merit Scholarship Corporation?

Create free Cause IQ account
Cause IQ is a website that helps companies grow, maintain, and serve their nonprofit clients, and helps nonprofits find additional foundation funding. Our data and tools help professionals prospect for nonprofits, research opportunities, benchmark their clients, and enrich existing information.
Nonprofits
Product
Customers
About

© 2024 Nonprofit Metrics LLC
Terms of Service and Privacy Policy