National Merit Scholarship Corporation logo

National Merit Scholarship Corporation

Public charity · Grantmaker Evanston, IL EIN: 36-2307745 Website

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.

Key facts about National Merit Scholarship Corporation

EIN
36-2307745
Latest 990 filing
Form 990, 2025
Total assets
$160,676,185

Data from IRS Form 990, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990 · View filing

Total Assets

$160.7M

+0.6% YoY

Revenue

$59.1M

+51.1% YoY

Net Investment Income

$26.2M

+465.0% YoY

Expenses

$44.7M

-3.3% YoY

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

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Cities

Washington

Giving Over Time

Total grant dollars and number of grants per year

$0$1M$2M$3M0 grants2021 1 grant2022 0 grants2023 0 grants2024 0 grants2025

In 2022 it made 1 grant totaling $2.1M.

Grant Insights

How this funder distributes its grants

Grant Size Distribution

1 grant across all recorded years

<$50K$50–100K$100–250K$250–500K$500K–1M1$1–5M$5M+

The most common grant size was in the $1–5M range: 1 grant of 1 (100%).

Giving History

Grant recipients and amounts by year

No grants recorded for 2025.

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$20M$40M$60M$80M2021 2022 2023 2024 2025
Metric202520242023
Total Assets$160,676,185$159,683,845$147,223,809
Revenue$59,091,988$39,117,284$44,073,587
Expenses$44,678,909$46,187,457$46,689,079
Net Investment Income$26,243,284$4,644,423$7,627,699

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990 for fiscal year 2022 (received by the IRS October 14, 2022)
  2. IRS filings on file for fiscal years 2021–2025

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

Timothy E McGuire — President: $445KTimothy E McGuirePresident$445KKamilla L Spoehr — Vice President and Treasurer: $187KKamilla L SpoehrVice President and Treasurer$187KSean M MacCready ED of — Scholar & Donor Svcs (until 1/24/25): $155KSean M MacCready ED ofScholar & Donor Svcs (until…$155KYucheng Yuan — Exec. Director of IT: $151KYucheng YuanExec. Director of IT$151KKimberly C Greiner — Vice President: $137KKimberly C GreinerVice President$137KNancy A Bogart — Exec. Dir. of Sponsor Services: $122KNancy A BogartExec. Dir. of Sponsor Services$122KJoon K Han — Director of IT: $117KJoon K HanDirector of IT$117KEileen M Artemakis — Exec. Dir. of Public Information: $111KEileen M ArtemakisExec. Dir. of Public Information$111K

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.

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