2024-10-16T16:19:39-05:00 2024-05-31 420714325 RSM US LLP 30 South Wacker Dr Suite 3300 Chicago IL 606063392 990 2023-06-01 362307745 National Merit Scholarship Corporation NATI 8478665111 1560 Sherman Ave Ste 200 Evanston IL 602014897 Kamilla L Spoehr Vice President & Treasurer 8478665111 2024-10-10 1 1 Ariel Garcia P02244437 3126343400 2024-10-10 2023 2024-10-15 13:58:12Z Timothy E McGuire 1560 Sherman Ave Ste 200 Evanston IL 602014897 50325471 0 X www.nationalmerit.org X 1955 IL To conduct nationwide academic competitions for recognition and college undergraduate scholarships. 19 18 36 20 0 0 32789948 31219930 3655940 3252931 7627699 4644423 0 0 44073587 39117284 36108912 34574629 0 0 3329288 3963751 243750 491250 1977370 7007129 7157827 46689079 46187457 -2615492 -7070173 147223809 159683845 5157029 8437344 142066780 151246501 X 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. 0 0 41492833 34574629 3252931 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 41492833 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 23 0 1 36 1 0 0 0 0 0 0 0 0 0 0 0 0 X 19 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AR CA CT FL GA HI IL KS KY MA MD ME MI MN MS ND NH NJ NM NY NC OR PA RI SC TN UT VA WI WV X Kamilla L Spoehr 8478665111 1560 Sherman Ave Ste 200 Evanston IL 602014897 Timothy E McGuire President 50.00 X X 428570 0 94242 Michael G Johnson Chairman 0.50 X X 0 0 0 Frank J Dellaquila Vice Chairman 0.50 X X 0 0 0 Peter C Jennings Vice Chairman 0.50 X X 0 0 0 Richard C Benson Director 0.50 X 0 0 0 Brad R Carson Director 0.50 X 0 0 0 Curley M Dossman Jr Director 0.50 X 0 0 0 Diane E Earll Director 0.50 X 0 0 0 Colleen M Harsin Director 0.50 X 0 0 0 Heidi B Jark Director 0.50 X 0 0 0 Erin B Kohl Director 0.50 X 0 0 0 Rosemary E Matzl Director 0.50 X 0 0 0 Thomas E Pittman Director 0.50 X 0 0 0 Mark E Reed Director 0.50 X 0 0 0 Charles F Robinson Director 0.50 X 0 0 0 Brian P Sinchak Director 0.50 X 0 0 0 David L Stubblefield Director 0.50 X 0 0 0 Justin C Walker Director 0.50 X 0 0 0 Wendy A Watkins Director 0.50 X 0 0 0 M Timothy Gott Past Director 0.50 X 0 0 0 Philip A Hooper Past Director 0.50 X 0 0 0 Kamilla L Spoehr Vice President and Treasurer 40.00 X 144973 0 52300 Kimberly C Greiner Vice President 40.00 X 123918 0 45150 Richard L Sevcik Corporate Secretary 0.50 X 0 0 0 Yucheng Yuan Exec. Director of IT 40.00 X 141711 0 33166 Jennifer B Ryan Controller 40.00 X 118224 0 60036 Nancy A Bogart Exec. Dir. Of Sponsor Services 40.00 X 117351 0 38625 Joon K Han Assistant Director of IT 40.00 X 115031 0 45837 Eileen M Artemakis Exec. Dir. Of Public Information 40.00 X 106412 0 44224 1296190 0 413580 8 0 1 0 Computer Aid Inc 1390 Ridgeview Drive Allentown PA 18104 IT Consultant 2586909 CapGemini America Inc 79 Fifth Ave 3rd Floor New York NY 10003 IT Consultant 1590426 Community Counselling Service LLC 527 Madison Ave 5th Floor New York NY 10022 Fundraising Services 469630 RT New Ventures LLC 10517 Royal Porthcawl Drive Naperville IL 60564 IT Consultant 433415 John Drake & Associates LLC 1919 S Highland Ave Ste B-202 Lombard IL 60148 IT Services 277647 7 31219930 31219930 Test Fee Revenue 900099 3249996 3249996 Sponsor Admin Service 561000 2935 2935 3252931 2526463 2526463 13326147 11208187 2117960 2117960 2117960 39117284 3252931 0 4644423 34574629 34574629 792617 156112 449804 186701 2316893 1493057 457190 366646 363457 197509 117867 48081 281144 163853 70646 46645 209640 120562 55693 33385 212959 37847 138312 36800 54310 54310 491250 491250 250775 250775 399015 179094 99906 120015 197016 164797 17221 14998 5178063 3876157 780405 521501 525829 341789 105166 78874 42051 39903 2148 76993 76993 67510 43881 13502 10127 133107 66553 66554 Fundraiser Travel 20199 20199 46187457 41492833 2717254 1977370 150 150 8575933 6387727 597108 247240 149024 160751 23709843 23557025 220328 152818 129820958 140880772 5711850 6248782 2148458 5605605 147223809 159683845 762901 806822 2058615 1825213 2335513 5805309 5157029 8437344 X 136767963 145065204 5298817 6181297 142066780 151246501 147223809 159683845 -7070173 16249894 0 X 0 1 X 1 0 X 34770410 33654056 33483270 32789948 31219930 165917614 34770410 33654056 33483270 32789948 31219930 165917614 8475324 157442290 2039687 979775 1309363 2177546 2526463 9032834 174950448 17304423 0.89990 0.89800 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 45445432 45445432 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 250000 250000 250000 250000 1000000 1500000 5298817 150000 884932 204952 6128797 5527957 10088 239228 5298817 6191379 -429673 233749 5527957 5102064 1282661 193346 6191379 4952430 341928 192294 5102064 0.00000 1.00000 0.00000 0 0 433460 392444 41016 204863 194893 9970 23071520 22969688 101832 152818 Lease Liability - Operating 5805309 5805309 X 55116403 16249894 16249894 38866509 250775 250775 39117284 45936682 0 45936682 250775 250775 46187457 Part V, Line 4: The income from the endowment funds is used to pay for scholarships sponsored by the donors. Part X, Line 2: NMSC is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code (the Code) and applicable state law, though it is subject to tax on income unrelated to its exempt purpose, unless that income is otherwise excluded by the Code. NMSC has determined that there are no material uncertain tax positions that require recognition or disclosure in the financial statements. Grants and contributions to NMSC are deductible by the donor under Section 170 of the Code. X X X X 1 Community Counselling Service Co LLC 155 North Wacker Suite 1790 Chicago IL 60606 Fundraising planning and strategy 0 0 491250 -491250 491250 -491250 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY DC 1 National Merit Program Scholarship Grants 23688 34574629 Part I, Line 2: In order to monitor the use of the scholarship grants, NMSC sends scholarship payments directly to the colleges and universities enrolling Scholars. Each institution receives a roster identifying individual Scholars and the scholarship amount intended for each student. NMSC instructs the institution to verify each Scholar's eligibility for the scholarship prior to applying the payment to each Scholar's university account. If the student is ineligible for the payment, NMSC asks the college or university to refund the payment to NMSC. Each Scholar has an agreement with NMSC that specifically states that scholarship payments can only be used for college undergraduate expenses and that any unused portion of the scholarship must be returned to NMSC. X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 Timothy E McGuire President 428570 0 0 0 0 0 59179 0 35063 0 522812 0 0 0 Kamilla L Spoehr Vice President and Treasurer 144973 0 0 0 0 0 23513 0 28787 0 197273 0 0 0 Jennifer B Ryan Controller 118224 0 0 0 0 0 21105 0 38931 0 178260 0 0 0 Yucheng Yuan Exec. Director of IT 141711 0 0 0 0 0 21818 0 11348 0 174877 0 0 0 Kimberly C Greiner Vice President 123918 0 0 0 0 0 20550 0 24600 0 169068 0 0 0 Joon K Han Assistant Director of IT 115031 0 0 0 0 0 18795 0 27042 0 160868 0 0 0 Nancy A Bogart Exec. Dir. Of Sponsor Services 117351 0 0 0 0 0 18979 0 19646 0 155976 0 0 0 Eileen M Artemakis Exec. Dir. Of Public Information 106412 0 0 0 0 0 18105 0 26119 0 150636 0 0 0 Part I, Line 1a The organization provided social club initiation fees for the CEO reported on Schedule J, Part II. This is a nontaxable benefit as the membership is for NMSC fundraising purposes and to conduct Board and Executive Committee meetings of the organization. Form 990, Part VI, Section B, line 11b The Form 990 is prepared by RSM US LLP and then is reviewed internally by NMSC's Treasurer. RSM US LLP makes any necessary edits. The Form 990 is then reviewed by NMSC's President and is then forwarded to NMSC's legal counsel for an additional review. The completed Form 990 is then provided to NMSC's Board of Directors prior to filing. Form 990, Part VI, Section B, line 12c NMSC requires all members of NMSC's Board of Directors and all Officers to complete a disclosure form on an annual basis to disclose any interests that could give rise to conflicts. In addition, the written policy is provided to all new employees and is constantly available to all employees along with all other policies and procedures on NMSC's network. Form 990, Part VI, Section B, line 15 NMSC's Executive Committee annually determines the salary for NMSC's President and senior executives based on comparable market data. All other salaries are determined by NMSC's President within the parameters of the compensation budget which is approved annually by the Board of Directors. NMSC regularly receives and reviews salary survey data from comparable not-for-profit organizations. This information is reviewed by NMSC's Chairman and the President before determining annual salary adjustments. The process for determining compensation was recorded in the Executive Committee's minutes. Form 990, Part VI, Section C, line 19 NMSC's annual audited financial statements are made available to the public as part of NMSC's Annual Report, which is posted on NMSC's website each year. At this time, NMSC's governing documents and conflict of interest policy are not made available to the public.