NATIONAL MERIT SCHOLARSHIP CORPORATION Charity Report

Public IRS 990 nonprofit record

NATIONAL MERIT SCHOLARSHIP CORPORATION

EIN 36-2307745 · Education (B820)

What they do

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 NMSCs 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.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $89.40 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders29 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

67.56%of revenue went to mission work89.4% of expenses · Program services

3.10%of revenue went to fundraising4.1% of expenses

$75.61spent for every $100 of revenueRevenue covered expenses this year.

4.95%of revenue went to management and office costs6.5% of expenses

$3.60in assets for every $1 spent this yearSome assets cannot be spent right away.

50.5%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $545,528 for TIMOTHY E MCGUIRE (PRESIDENT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$59,091,988

Mission workProgram services$39,921,07867.56% of revenue89.4% of expenses

ManagementOffice and general costs$2,924,6234.95% of revenue6.5% of expenses

FundraisingAsking for donations$1,833,2083.10% of revenue4.1% of expenses

Revenue left after expensesReported annual surplus$14,413,07924.39% of revenueShown in gray on the chart

Total expenses$44,678,90975.61% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 89.4% mission · 6.5% management · 4.1% fundraisingTotal expenses: 75.61% of revenue

2023Expense mix: 89.8% mission · 5.9% management · 4.3% fundraisingTotal expenses: 118.07% of revenue

2022Expense mix: 91.8% mission · 5.3% management · 2.9% fundraisingTotal expenses: 105.93% of revenue

2021Expense mix: 92.5% mission · 5.2% management · 2.3% fundraisingTotal expenses: 101.80% of revenue

2020Expense mix: 91.7% mission · 5.6% management · 2.7% fundraisingTotal expenses: 95.25% of revenue

2019Expense mix: 91.6% mission · 5.1% management · 3.3% fundraisingTotal expenses: 114.46% of revenue

2018Expense mix: 92.0% mission · 4.9% management · 3.1% fundraisingTotal expenses: 104.04% of revenue

2017Expense mix: 91.6% mission · 5.1% management · 3.4% fundraisingTotal expenses: 101.90% of revenue

Money in and money out

Revenue$59,091,988

Expenses$44,678,909

Annual surplus $14,413,079 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$39,921,078 · 89.4% of expenses

Management and office costs$2,924,623 · 6.5% of expenses

Fundraising$1,833,208 · 4.1% of expenses

See all reported dollar amounts

Revenue$59,091,988

Expenses$44,678,909

Assets$160,676,185

Income$153,315,727

Contributions$29,846,180

Mission work (program services)$39,921,078

Fundraising$1,833,208

Grants given$2,082,773

Average grant$2,082,773

Management and general$2,924,623

Stocks and bonds$144,845,099

Accounting fees$57,661

Investing fees$280,544

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

TIMOTHY E MCGUIREPRESIDENT · 50 hrs/week $545,528Base $445,234 · Other $100,294

KAMILLA L SPOEHRVICE PRESIDENT AND TREASURER · 40 hrs/week $250,514Base $186,894 · Other $63,620

SEAN M MACCREADY ED OFSCHOLAR & DONOR SVCS (UNTIL 1/24/25) · 40 hrs/week $204,371Base $154,958 · Other $49,413

YUCHENG YUANEXEC. DIRECTOR OF IT · 40 hrs/week $186,700Base $150,520 · Other $36,180

KIMBERLY C GREINERVICE PRESIDENT · 40 hrs/week $185,201Base $137,183 · Other $48,018

JOON K HANDIRECTOR OF IT · 40 hrs/week $168,879Base $117,497 · Other $51,382

NANCY A BOGARTEXEC. DIR. OF SPONSOR SERVICES · 40 hrs/week $165,432Base $121,534 · Other $43,898

EILEEN M ARTEMAKISEXEC. DIR. OF PUBLIC INFORMATION · 40 hrs/week $158,801Base $111,020 · Other $47,781

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (29)

TIMOTHY E MCGUIREPRESIDENT

KAMILLA L SPOEHRVICE PRESIDENT AND TREASURER

SEAN M MACCREADY ED OFSCHOLAR & DONOR SVCS (UNTIL 1/24/25)

YUCHENG YUANEXEC. DIRECTOR OF IT

KIMBERLY C GREINERVICE PRESIDENT

JOON K HANDIRECTOR OF IT

NANCY A BOGARTEXEC. DIR. OF SPONSOR SERVICES

EILEEN M ARTEMAKISEXEC. DIR. OF PUBLIC INFORMATION

MARK E REEDDIRECTOR

BRAD R CARSONDIRECTOR

WENDY A WATKINSDIRECTOR

BRIAN P SINCHAKPAST DIRECTOR

THOMAS E PITTMANDIRECTOR

SUSAN T SADLERDIRECTOR

CHARLES F ROBINSONDIRECTOR

ROSEMARY E MATZLDIRECTOR

RICHARD L SEVCIKCORPORATE SECRETARY

RICHARD C BENSONDIRECTOR

PETER C JENNINGSVICE CHAIRMAN

MICHAEL G JOHNSONDIRECTOR

CURLEY M DOSSMAN JRDIRECTOR

COLLEEN M HARSINDIRECTOR

JUSTIN C WALKERDIRECTOR

JEREMY J LOWEDIRECTOR

HEIDI B JARKVICE CHAIRMAN

FRANK J DELLAQUILACHAIRMAN

ERIN B KOHLDIRECTOR

DIANE E EARLLDIRECTOR

DAVID L STUBBLEFIELDPAST DIRECTOR

About this charity

Recognized since: January 1957
Location: 1560 SHERMAN AVE STE 200, EVANSTON, IL 60201-4816
County: Cook
In care of: Kamilla L Spoehr
Primary officer: Kamilla L Spoehr, Vice President & Treasurer

How to reach them

WebsiteVisit the charity’s website Phone(847) 866-5111

Filing and classification

Latest tax year: 2024
Tax period began: June 1, 2024
Return type: 990
Tax preparer: RSM US LLP
NTEE classification: Education (B820)
Grant-giving organization: Yes