2023-10-13T20:53:32-05:00 2023-05-31 420714325 RSM US LLP 30 South Wacker Dr Suite 3300 Chicago IL 606063392 990 2022-06-01 362307745 National Merit Scholarship Corporation NATI 8478665111 1560 Sherman Ave Ste 200 Evanston IL 602014897 Kamilla L Spoehr Vice President & Treasurer 8478665111 2023-10-04 1 Kamilla Spoehr XXX-XX-XXXX 0 Ariel Garcia P02244437 3126343400 2023-10-04 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Timothy E McGuire 1560 Sherman Ave Ste 200 Evanston IL 602014897 57328142 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 33483270 32789948 3598021 3655940 11731059 7627699 0 0 48812350 44073587 39501304 36108912 0 0 3556476 3329288 0 243750 1347621 6632295 7007129 49690075 46689079 -877725 -2615492 155771108 147223809 3063745 5157029 152707363 142066780 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 1 42853665 36108912 3655940 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 42853665 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 24 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 0 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 374250 0 87204 Kamilla L Spoehr Vice President and Treasurer 40.00 X 135393 0 45487 Jennifer B Ryan Controller 40.00 X 114443 0 56150 Yucheng Yuan Exec. Director of IT 40.00 X 136653 0 30534 Joon K Han Assistant Director of IT 40.00 X 113088 0 42107 Nancy A Bogart Exec. Dir. Of Sponsor Services 40.00 X 114061 0 34618 Eileen M Artemakis Exec. Dir. of Public Information 40.00 X 103277 0 40789 Jeffrey Z Little Past Executive Vice President 50.00 X 116251 0 27636 Kimberly C Greiner Vice President 40.00 X 105946 0 32241 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 Curley M Dossman Jr Director 0.50 X 0 0 0 Diane E Earll Director 0.50 X 0 0 0 M Timothy Gott Director 0.50 X 0 0 0 Colleen M Harsin Director 0.50 X 0 0 0 Philip A Hooper 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 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 Marc A Johnson Past Director 0.50 X 0 0 0 Richard L Keyser Past Director 0.50 X 0 0 0 Richard L Sevcik Corporate Secretary 0.50 X 0 0 0 1313362 0 396766 9 0 1 0 Computer Aid Inc 1390 Ridgeview Drive Allentown PA 18104 IT Consultant 2625874 CapGemini America Inc 400 Broadacres Drive Suite 410 Bloomfield NJ 07003 IT Consultant 1563494 John Drake & Associates LLC 1919 S Highland Ave Ste B-202 Lombard IL 60148 IT Services 268692 Westford Group 2332 Rock Canyon New Lenox IL 60451 Employment Consultant 173530 Morgan Lewis & Bockius LLP 1701 Market Street Philadelphia PA 19103 Legal Services 114204 5 32789948 32789948 Test Fee Revenue 900099 3652206 3652206 Sponsor Admin Service 561000 3734 3734 3655940 2177546 2177546 18704708 13254555 5450153 5450153 5450153 44073587 3655940 0 7627699 36108912 36108912 724229 151209 424681 148339 1848389 1309564 375938 162887 334971 176163 114900 43908 247566 151433 68919 27214 174133 106198 49365 18570 130037 23102 77360 29575 55450 55450 243750 243750 227704 227704 218794 154777 49685 14332 270016 223167 25739 21110 5003694 3752771 750554 500369 639440 415636 127888 95916 41920 32694 9226 76542 76542 216166 140508 43233 32425 127366 63683 63683 46689079 42853665 2487793 1347621 150 150 7902233 8575933 53874 597108 140878 149024 23709843 23489515 418547 220328 140521946 129820958 6707111 5711850 26369 2148458 155771108 147223809 694168 762901 2369577 2058615 0 2335513 3063745 5157029 X 147179406 136767963 5527957 5298817 152707363 142066780 155771108 147223809 -2615492 -8025091 0 X 0 1 X 1 0 X 35786918 34770410 33654056 33483270 32789948 170484602 35786918 34770410 33654056 33483270 32789948 170484602 9765986 160718616 1978999 2039687 979775 1309363 2177546 8485370 178969972 17637324 0.89800 0.90020 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 46217625 46217625 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 250000 250000 250000 250000 1000000 1500000 5527957 10088 239228 5298817 6191379 -429673 233749 5527957 5102064 1282661 193346 6191379 4952430 341928 192294 5102064 5083272 71615 202457 4952430 0.00000 1.00000 0.00000 0 0 433460 382978 50482 204863 178985 25878 23071520 22927552 143968 220328 Lease Liability - Operating 2335513 2335513 X 35820792 -8025091 -8025091 43845883 227704 227704 44073587 46461375 0 46461375 227704 227704 46689079 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 243750 -243750 243750 -243750 AK AL AR CA CO CT DC FL GA HI IL KS KY MA MD ME MI MN MS MO NV NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI 1 National Merit Program Scholarship Grants 24578 36108912 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 X X X X 0 0 0 0 0 0 0 0 0 Timothy E McGuire President 374250 0 0 0 0 0 54756 0 32448 0 461454 0 0 0 Kamilla L Spoehr Vice President and Treasurer 135393 0 0 0 0 0 21600 0 23887 0 180880 0 0 0 Jennifer B Ryan Controller 114443 0 0 0 0 0 20205 0 35945 0 170593 0 0 0 Yucheng Yuan Exec. Director of IT 136653 0 0 0 0 0 20835 0 9699 0 167187 0 0 0 Joon K Han Assistant Director of IT 113088 0 0 0 0 0 18158 0 23949 0 155195 0 0 0 Form 990, Part III, line 3 As provided on NMSC's prior Form 990, in June 2021 NMSC made a final grant of funds remaining in the National Achievement Scholarship Program to the United Negro College Fund (UNCF) to endow UNCF's Achievement Capstone Program; therefore, NMSC no longer conducts the National Achievement Scholarship Program. 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 and 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 mailed to NMSC's Executive Committee of the 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.