2020-10-12T09:11:26-05:00 2020-05-31 420714325 RSM US LLP 1 S Wacker Drive Ste 800 Chicago IL 60606 990 2019-06-01 362307745 National Merit Scholarship Corporation NATI 8478665111 1560 Sherman Ave No 200 Evanston IL 602014897 Kamilla L Spoehr Vice President & Treasurer 8478665111 2020-10-09 1 Rebekuh Eley P01247672 3123846000 2020-09-30 73.51.182.79 2020-10-09 16:23:08 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 117B6C86E8A10A4DFEE4D664DFC89C8F3476C6B5 2019 2021-01-29 14:40:06Z Timothy E McGuire 1560 Sherman Ave No 200 Evanston IL 602014897 77127862 0 X www.nationalmerit.org X 1955 IL To conduct nationwide academic competitions for recognition and college undergraduate scholarships. 20 19 34 22 0 0 35786918 34770410 3585832 3796055 9614110 5397137 0 0 48986860 43963602 39669075 38737329 0 0 3460540 3507084 0 85282 1667431 7836234 7991404 50965849 50321099 -1978989 -6357497 150542495 147852638 3159844 2914137 147382651 144938501 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 46085480 38732329 3796055 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 05/31/20 the National Merit Scholarship Program included:Four-Year Renewable Scholarships: 22,581 recipients One-Time Awards: 2,801 recipients 5000 5000 0 The National Achievement Scholarship Program is an academic competition established in 1964 to provide recognition for outstanding Black American high school students. The last awards in the National Achievement Scholarship Program, which included four-year renewable scholarships, were offered in 2015. Although NMSC ceased conducting this program, there are continuing scholarship obligations for the four-year renewable awards. Black students could enter both the National Achievement Program and the National Merit Program by taking the Preliminary SAT/National Merit Scholarship Qualifying Test (PSAT/NMSQT) and meeting other published requirements for participation. A student's standing was determined independently in each program. Black American students could qualify for recognition and be honored as Scholars in both the National Merit Program and the National Achievement Program, but could receive only one monetary award from NMSC. For fiscal year 05/31/20 the National Achievement Scholarship Program included:Four-Year Renewable Scholarships: 2 recipients 46090480 1 1 0 1 0 0 0 0 0 1 1 0 0 0 0 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 20 0 1 34 1 0 0 0 0 0 0 0 0 0 0 0 0 X 20 19 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 AL AR CA CO FL GA HI IL KS KY MD MA MI MN MS NH NJ NM NY NC OR PA RI SC TN UT VA WV WI ND OH X Kamilla L Spoehr 8478665111 1560 Sherman Ave No 200 Evanston IL 602014897 Timothy E McGuire President 50.00 X X 308413 0 71574 Jeffrey Z Little Executive Vice President 50.00 X 185986 0 48846 Yucheng Yuan Director of IT 40.00 X 121320 0 27963 Kamilla L Spoehr Vice President and Treasurer 40.00 X 124700 0 19717 Jennifer B Ryan Controller 40.00 X 116346 0 19233 Brooke E Smart Senior Business and Systems Analyst 40.00 X 104490 0 25166 Joon K Han Assistant Director of IT 40.00 X 100043 0 24629 Michael G Johnson Chairman 0.50 X X 0 0 0 David A Dohnalek Vice Chairman 0.50 X X 0 0 0 Diana M Schmelzer Vice Chairman 0.50 X X 0 0 0 Deborah V Traskell Vice Chairman 0.50 X X 0 0 0 Brian F Begley Director 0.50 X 0 0 0 Richard C Benson Director 0.50 X 0 0 0 Frank J Dellaquila Director 0.50 X 0 0 0 Curley M Dossman Jr 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 Peter C Jennings Director 0.50 X 0 0 0 Marc A Johnson Director 0.50 X 0 0 0 Richard L Keyser Director 0.50 X 0 0 0 Erin B Kohl Director 0.50 X 0 0 0 Jennifer L Moench 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 William E Troutt Director 0.50 X 0 0 0 Judith L Bonner Past Director 0.50 X 0 0 0 M Timothy Gott Past Director 0.50 X 0 0 0 Paul G Weaver Past Director 0.50 X 0 0 0 Richard L Sevcik Corporate Secretary 0.50 X 0 0 0 1061298 0 237128 7 0 1 0 Computer Aid Inc 1390 Ridgeview Drive Allentown PA 18104 IT Consultant 2080407 CapGemini America Inc 400 Broadacres Drive Suite 410 Bloomfield NJ 07003 IT Consultant 1363013 John Drake & Associates 903 Commerce Drive Suite 302 Oak Brook IL 60523 IT Services 207804 Morgan Lewis & Bockius LLP 1701 Market Street Philadelphia PA 19103 Legal Services 101510 4 34770410 34770410 Test Fee Revenue 900099 3787899 3787899 Sponsor Admin Service 561000 8156 8156 3796055 2039687 2039687 36521710 33164260 3357450 3357450 3357450 43963602 3796055 0 5397137 38737329 38737329 655550 85340 405220 164990 2004815 1369008 451647 184160 379547 200198 126943 52406 290162 185984 65074 39104 177010 103402 53029 20579 150664 60784 60784 29096 46491 46491 85282 85282 245792 245792 138523 89446 33696 15381 280975 226153 24285 30537 3827886 2870915 382788 574183 516367 335639 103273 77455 20706 1670 18664 372 70358 70358 2625912 1706843 525183 393886 67730 47411 20319 50321099 46090480 2563188 1667431 150 150 7797714 6885772 28523 26532 62960 65627 23573433 20633539 5563281 2939894 132672870 131503540 4387800 6399255 29197 31868 150542495 147852638 846614 826516 2313230 2087621 3159844 2914137 X 142430221 139836437 4952430 5102064 147382651 144938501 150542495 147852638 -6357497 3913347 0 X 0 1 X 1 0 X 39197586 43280935 36755701 35786918 34770410 189791550 39197586 43280935 36755701 35786918 34770410 189791550 9798309 179993241 1661924 1587842 1670030 1978999 2039687 8938482 198730032 18621601 0.90570 0.91060 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 49990025 49990025 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 2500 2500 250000 250000 250000 250000 1000000 1500000 4952430 341928 192294 5102064 5083272 71615 202457 4952430 4901725 367031 185484 5083272 4557451 522357 178083 4901725 4848333 -103801 187081 4557451 0.00000 1.00000 0.00000 0 0 471768 414515 57253 240830 149898 90932 22860835 20069126 2791709 2939894 X 47631157 3913347 3913347 43717810 245792 245792 43963602 50075307 0 50075307 245792 245792 50321099 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 Feasibility Study for Fundraising Campaign 0 0 85282 85282 85282 85282 AK AL AR CA CO CT DC FL GA HI IL KS KY MD MA ME MI MN MO MS ND NH NJ NM NV NY NC OH OK OR PA RI SC TN UT VA WA WV WI 1 National Merit Program Scholarship Grants 25382 38732329 National Achievement Program Scholarship Grants 2 5000 Part I, Line 2: In order to monitor the use of the scholarship grants, NMSC prepares a check that is payable to each selected Scholar or his/her college/university. NMSC mails these checks directly to the applicable college or university and instructs the institution to verify the Scholar's eligibility for the payment prior to distributing the check to the student or applying it to the Scholar's university account. If the student is ineligible for the payment, NMSC asks the college or university to either send the check back to NMSC or to provide NMSC with a refund if the check has already been deposited by the institution. Each Scholar has an agreement with NMSC that his/her stipend check is only to be used for college undergraduate studies and that any unused portion must be returned to NMSC. X X X X X 0 0 0 0 0 0 0 0 0 Timothy E McGuire President 308413 0 0 0 0 0 50385 0 21189 0 379987 0 0 0 Jeffrey Z Little Executive Vice President 185986 0 0 0 0 0 32837 0 16009 0 234832 0 0 0 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.