NATIONAL MERIT SCHOLARSHIP CORPORATION

EVANSTON, IL, 60201-4816 (847) 866-5111 Est. 1955 EIN 36-2307745
B820— Education Form 990 501(c)(3)
www.nationalmerit.org

Mission

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.

Financials

Total Revenue
$59,091,988
Total Expenses
$44,678,909
Net Assets
$152,848,539
39 employees 20 volunteers
From latest filing (tax period ending 2025-05-31)

Financial Health

Operating Reserve
3.4 years Healthy
Net assets / monthly expenses
Year-over-Year Change
Revenue ↑ 51.1%
Expenses ↓ 3.3%
Revenue Sources
Contributions 50.5% Earned revenue 5.1% Investment 44.4%
Expense Breakdown
Program 89.4% Management 6.5% Fundraising 4.1%

Officers & Key Employees (29)

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Grants Received (47)

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Filing History (5 filings)

YearRevenueExpensesNet Assets
2024 Form 990
Jun 1, 2024 to May 31, 2025
$59,091,988 $44,678,909$152,848,539
2023 Form 990
Jun 1, 2023 to May 31, 2024
$39,117,284 $46,187,457$151,246,501
2022 Form 990
Jun 1, 2022 to May 31, 2023
$44,073,587 $46,689,079$142,066,780
2020 Form 990
Jun 1, 2020 to May 31, 2021
$50,191,294 $47,808,900$180,256,763
2018 Form 990
Jun 1, 2018 to May 31, 2019
$48,986,860 $50,965,849$147,382,651

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EIN: 36-2307745 · Source: IRS Form 990 e-file data