National Merit Scholarship Corporation
Balance Sheet
Fiscal Year Start:
Jun 1
Assets in 2025 (Year End)
$160,676,185
Investments
93%
Cash & Equivalents
4%
Other Assets
3%
Prepaid Expenses
<1%
Property, Plant, & Equipment (net)
<1%
Receivables (Non-Related)
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2025 (Year End)
$7,827,646
Other Liabilities
71%
Deferred Revenue
20%
Payables & Accruals
9%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2024
2025
Change
Cash & Equivalents
$6,387,877
$5,971,610
-7%
Receivables (Non-Related)
$247,240
$31,731
-87%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$160,751
$190,580
+19%
Investments
$147,129,554
$149,061,838
+1%
Property, Plant, & Equipment (net)
$152,818
$122,006
-20%
Other Assets
$5,605,605
$5,298,420
-5%
Total Assets
$159,683,845
$160,676,185
+1%
Liabilities
2024
2025
Change
Payables & Accruals
$806,822
$708,013
-12%
Grants Payable
-
-
-
Deferred Revenue
$1,825,213
$1,582,541
-13%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$5,805,309
$5,537,092
-5%
Total Liabilities
$8,437,344
$7,827,646
-7%
Net assets
2024
2025
Change
Restricted Net Assets
$6,181,297
$6,629,195
+7%
Unrestricted Net Assets
$145,065,204
$146,219,344
+1%
Net assets
2024
2025
Change
Net assets
+$151,246,501
+$152,848,539
+1%
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