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Federal ID# 362307745

National Merit Scholarship Corporation

General Information

Organization Type CHARITY
Contact Person Timothy E. McGuire
Address 1560 Sherman Avenue, Suite 200, Evanston, IL 60201-4897
Phone Number (847) 866-5100
Purpose or Description The primary purpose of the organization is to conduct nationwide academic competitions for recognition and college undergraduate scholarships. Scholarships are financed by NMSC's own funds and scholarship sponsoring organizations.
Status Active
Extension None

Financial Information

For Fiscal Year Ending 5/31/2023

INCOME
Direct Public Support$32,789,948
Government Grants+ $0
Other Revenue+ $11,283,639
Total Revenue$44,073,587
EXPENSES
Amount Spent for Program or Charitable Purposes$42,853,665
Management/General Expense+ $2,487,793
Fundraising Expense+ $1,347,621
Total Expenses$46,689,079

Excess/Deficit
Total Revenue$44,073,587
Total Expenses- $46,689,079
Excess/Deficit$-2,615,492
End of Year Fund Bal/Net Worth
Total Assets$147,223,809
Total Liabilities- $5,157,029
End of Year Fund Bal/Net Worth$142,066,780

Financial Information for Prior Years

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