National Merit Scholarship Corporation
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.
National Merit Scholarship Corporation at a glance
- Total assets
- $160,676,185
- +0.6% vs 2024
- Revenue (2025)
- $59,091,988
- +51.1% vs 2024
- Net investment income (2025)
- $26,243,284
- +465.0% vs 2024
- Expenses (2025)
- $44,678,909
- -3.3% vs 2024
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who National Merit Scholarship Corporation funds
How this funder distributes its grants
Grant Size Distribution
1 grant across all recorded years
The most common grant size was in the $1–5M range: 1 grant of 1 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2022 it made 1 grant totaling $2.1M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| United Negro College Fund Washington, DC | Additional and final grant for the Achievement Capstone Program | $2,082,773 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $160,676,185 | $59,091,988 | $44,678,909 | — | — | $26,243,284 |
| 2024 | $159,683,845 | $39,117,284 | $46,187,457 | — | — | $4,644,423 |
| 2023 | $147,223,809 | $44,073,587 | $46,689,079 | — | — | $7,627,699 |
| 2022 | $155,771,108 | $48,812,350 | $49,690,075 | $2,082,773 | 1 | $11,731,059 |
| 2021 | $183,825,978 | $50,191,294 | $47,808,900 | — | — | $13,535,762 |
About National Merit Scholarship Corporation
Based on IRS filings
National Merit Scholarship Corporation is a public charity focused on Education, based in Evanston, IL. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $160.7M in total assets. Net investment income was $26.2M.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
National Merit Scholarship Corporation is led by Nancy A Bogart, Executive Director of Sponsor Services on every filing since 2021; 8 of 29 officers listed in 2025 are compensated.
Officers on the 2025 filing
Nancy A Bogart
Executive Director of Sponsor Services
On filings since 2021
40 hrs/week
$103K (2021) → $122K (2025)
Timothy E McGuire
President
On filings since 2021
50 hrs/week
$322K (2021) → $445K (2025)
Yucheng Yuan
Executive Director of It
Director of It → Executive Director of It, 2023
On filings since 2021
40 hrs/week
$126K (2021) → $151K (2025)
Eileen M Artemakis
Executive Director of Public Information
On filings since 2023
40 hrs/week
$103K (2023) → $111K (2025)
Frank J Dellaquila
Chairman
Director → Vice Chairman, 2022
Vice Chairman → Chairman, 2025
On filings since 2021
0.5 hrs/week
No compensation reported
Joon K Han
Director of It
Assistant Director of It → Director of It, 2025
On filings since 2021
40 hrs/week
$105K (2021) → $117K (2025)
Colleen M Harsin
Director
Past Director → Director, 2022
On filings since 2021
0.5 hrs/week
No compensation reported
Curley M Dossman Jr.
Director
On filings since 2021
0.5 hrs/week
No compensation reported
Diane E Earll
Director
On filings since 2021
0.5 hrs/week
No compensation reported
Erin B Kohl
Director
On filings since 2021
0.5 hrs/week
No compensation reported
Michael G Johnson
Director
Chairman → Director, 2025
On filings since 2021
0.5 hrs/week
No compensation reported
Richard C Benson
Director
On filings since 2021
0.5 hrs/week
No compensation reported
Thomas E Pittman
Director
On filings since 2021
0.5 hrs/week
No compensation reported
Wendy A Watkins
Director
On filings since 2021
0.5 hrs/week
No compensation reported
Justin C Walker
Director
On filings since 2022
0.5 hrs/week
No compensation reported
Mark E Reed
Director
On filings since 2022
0.5 hrs/week
No compensation reported
Rosemary E Matzl
Director
On filings since 2023
0.5 hrs/week
No compensation reported
Brad R Carson
Director
On filings since 2024
0.5 hrs/week
No compensation reported
Charles F Robinson
Director
On filings since 2024
0.5 hrs/week
No compensation reported
Jeremy J Lowe
Director
New on the 2025 filing
0.5 hrs/week
No compensation reported
Susan T Sadler
Director
New on the 2025 filing
0.5 hrs/week
No compensation reported
Kamilla L Spoehr
Vice President & Treasurer
On filings since 2021
40 hrs/week
$129K (2021) → $187K (2025)
Kimberly C Greiner
Vice President
On filings since 2023
40 hrs/week
$106K (2023) → $137K (2025)
Sean M MacCready ED of
Scholar & Donor Svcs
New on the 2025 filing
40 hrs/week
$155K (2025)
Brian P Sinchak
Past Director
Director → Past Director, 2025
On filings since 2021
0.5 hrs/week
No compensation reported
David L Stubblefield
Past Director
Director → Past Director, 2025
On filings since 2021
0.5 hrs/week
No compensation reported
Heidi B Jark
Vice Chairman
Director → Vice Chairman, 2025
On filings since 2021
0.5 hrs/week
No compensation reported
Peter C Jennings
Vice Chairman
Director → Vice Chairman, 2022
On filings since 2021
0.5 hrs/week
No compensation reported
Richard L Sevcik
Corporate Secretary
On filings since 2021
0.5 hrs/week
No compensation reported
Former officers (13)
- Former: Jennifer B Ryan (2021–2024) — Controller
- Former: M Timothy Gott (2021–2024) — Past Director
- Former: Philip A Hooper (2021–2024) — Past Director
- Former: Jeffrey Z Little (2021–2023) — Past Executive Vice President
- Former: Marc A Johnson (2021–2023) — Past Director
- Former: Richard L Keyser (2021–2023) — Past Director
- Former: Brooke E Smart (2021–2022) — Senior Business & Systems Analyst
- Former: David A Dohnalek (2021–2022) — Past Vice Chairman
- Former: Diana M Schmelzer (2021–2022) — Past Vice Chairman
- Former: Brian F Begley (2021) — Past Director
- Former: Deborah V Traskell (2021) — Past Vice Chairman
- Former: Jennifer L Moench (2021) — Past Director
- Former: William E Troutt (2021) — Past Director
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $445K, to Timothy E McGuire (President). 8 officers or directors reported compensation on that filing.
Frequently asked questions about National Merit Scholarship Corporation
How large is National Merit Scholarship Corporation?
National Merit Scholarship Corporation reported $160.7M in total assets on its 2025 IRS Form 990. Its revenue that year was $59.1M.
What is National Merit Scholarship Corporation?
National Merit Scholarship Corporation is a public charity focused on Education, based in Evanston, IL. It holds $160.7M in total assets as of 2025.
Where does National Merit Scholarship Corporation operate?
National Merit Scholarship Corporation has awarded grants in District of Columbia.
What is National Merit Scholarship Corporation's EIN?
National Merit Scholarship Corporation's EIN (Employer Identification Number) is 36-2307745. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2022 (received by the IRS October 14, 2022)
- IRS filings on file for fiscal years 2021–2025
Live grants for the work National Merit Scholarship Corporation funds
Education Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in National Merit Scholarship Corporation's focus areas in our free grants database
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National Merit Scholarship Corporation down — hundreds of funders to go?