returnoforganization exemptfromincometax...

Return of Organization Exempt From Income Tax OMB No 1545-0047

Form 990 Under section 501 (c), 527, or 4947( a)(1) of the Internal Revenue Code ( except black lung 2007Department of the Treasury

benefit trust or private foundation )Open to P u bli c

Internal Revenue Service ► The organization may have to use a copy of this return to satisfy state reporting requirements . Inspection

A For the 2007 calendar year , or tax year beginning JUL 1 2007 and ending JUN 3 0 2008

B Cherie if Please C Name of organization D Employer identification numberapplicable

use IRSAddresschange^

label

ntor ATIONAL SOCIETY OF COLLEGIATE SCHOLARS 52-1870777Dc'h'ange

type Number and street (or P.O. box if mail is not delivered to street address) Room/suite E Telephone number

=retum specific 1l DUPONT CIRCLE NW 1650 202-265-9000Termin-

Oahon

Instruc-

lions City or town, state or country, and ZIP + 4 F Accounting method Cash Accrual

O returnded ASHINGTON, DC 2 0 0 3 6 I EJ

=Application • Section 501(c )( 3) organizations and 4947( a ) (1) nonexempt charitable trustspending H and I are not applicable to section 527 organizations.must attach a completed Schedule A (Form 990 or 990-EZ).

H(a) Is this a group return for affiliates? = Yes ® No

G Website: . NSCS. ORG H(b) If -Yes; enter number of affiliates. N/AJ Organization type (check onlyone)► $ 501(c) (3 ) (insert no) 4947(a)(1) or L_j 527 H(c) Are all affiliates included? N/A Yes No

'K Check here ► L_j If the organization is not a 509(a)(3) supporting organization and its grossNo, attach a list.)(If

H(d) Is this a separate return filed by an or-receipts are normally not more than $25,000. A return is not required, but if the organization ganization covered by a group ruling? 0 Yes M Nochooses to file a return, be sure to file a complete return. I Group Exemption Number. N/A

M Check ► L_j if the organization is not required to attachL Gross receipts: Add lines 6b, 8b, 9b, and 10b to line 12 ► 5,827,391. Sch. B (Form 990, 990-EZ, or 990-PF).

Part I Revenue. Expenses , and Chancres in Net Assets or Fund Balances1 Contributions , gifts, grants , and similar amounts received:

a Contributions to donor advised funds la

b Direct public support ( not included on line 1a) 1b 20,000.

c Indirect public support ( not included on line 1a) 1c

d Government contributions ( grants ) ( not included on line 1a) 1d

e Total ( add lines 1a through 1d ) ( cash $ 20,000. noncash $ ) le 20,000.

2 Program service revenue including government fees and contracts ( from Part VII , line 93 ) 2 798,005.

C_j 3 Membership dues and assessments 3 4, 809,300.

4 Interest on savings and temporary cash investments 4 5,494.aq 5 Dividends and interest from securities 5

6 a Gross rents 6a

b Less: rental expenses 6b

c Net rental income or (loss). Subtract line 6b from line 6a 6c

7 Other investment income (describe ► 7

8 a Gross amount from sales of assets other ( A) Securities ( B) Other

than inventory 8a

b Less: cost or other basis and sales expenses 8b

c Gain or ( loss) (attach schedule) 8c

d Net gain or ( loss). Combine line 8c, columns (A) and (B) 8d

9 Special events and activities ( attach schedule ). If any amount is from gaming , check here ►a Gross revenue (not including $ of contnbuoons reported on hoe It) 9a

b Less: direct expenses other than fundraising expenses 9b

c Net income or (loss ) from special events. Subtract line 9b from line 9a 9c

10 a Gross sales of inventory, less returns and allowances 10a 111 ,863.b Less : cost of goods sold 10b 49,439.c Gross profit or (loss ) from sales of inventory (attach schedule). Subtract line 10b from line 10a STMT 1 10c 62,424.

11 Other revenue ( from Part VII , line 103 ) 11 82 , 729 .12 Total revenue . Add lines le , 2, 3, 4, 5 , 6c, 7, 8d , 9c, 10c, and 11 12 5 , 7 7 7 , 952 .

U)13 Program services ( from line 44 , column ( B)) 13 4 , 211 , 906 .

y 14 Management and general ( from line 44 , column ( C)) 14 811 , 935 .

CL 15 Fundraising ( from line 44 , column ( D)) MARa4 2Mj9W 15

W 16 Payments to affiliates (attach schedule)_

1

tt 16

17 Total expenses . Add lines 16 and 44, column ( A) 17 5, 023 , 84118 Excess or ( deficit) for the year . Subtract line 17 from line 12 - ^_, 9 18 754 , 111

y 19 Net assets or fund balances at beginning of year ( from line 73 , column (A)) 19 199 , 803= 20 Other changes in net assets or fund balances ( attach explanation) 20 0

21 Net assets or fund balances at end of year . Combine lines 18, 19, and 20 21 953 , 91412-27-07 LHA For Privacy Act and Paperwork Reduction Act Notice , see the separate instructions. Form 990(2007)

Form 990 (2007) NATIONAL SOCIETY OF COLLEGIATE SCHOLARS 52-1870777 Part 11 1 Statement of All organizations must complete column (A). Columns ( B), (C), and ( D) are required for section 501(c)(3)

Functional Expenses and (4) organizations and section 4947(a)(1) nonexempt charitable trusts but optional for others.

Do not include amounts reported on line6b, 8b, 9b, 10b, or 16 of Part I

(A) Total (B ) Programservices

( C) Managementand general

(D) Fundraising

22a Grants paid from donor advised funds

(attach schedule)

(cash $ 0 . noncash $ 0

if this amount includes foreign grants, check here ► L_J 2a

22b Other grants and allocations (attach schedule

(cash $ 102, 313. nonch $ 0. 1

If this amount includes foreign grants, check here ► 22b 102,313. 102,313.

STATEMENT 3

23 Specific assistance to individuals (attach

schedule) 23

24 Benefits paid to or for members (attach

schedule) 24

25a Compensation of current officers, directors, key

employees, etc. listed in Part V-A 25a 470,503. 171,829. 298,674. 0.b Compensation of former officers, directors, key

employees, etc. listed in Part V-B 25b 0. 0. 0. 0.

c Compensation and other distributions, not included

above, to disqualified persons (as defined under

section 4958(f)(1)) and persons described in

section 4958( c)(3)(B) 5c

26 Salaries and wages of employees not

included on lines 25a, b, and c 26 608,430. 542,168. 66,262.27 Pension plan contributions not included on

lines 25a, b, and c 27 9,672. 13,658. < 3, 9 8 6.28 Employee benefits not included on lines

25a-27 28 59,107. 45,753. 13,354.29 Payroll taxes 29 69,847. 47,144. 22,703.30 Professional fundraising fees 30

31 Accounting fees 31 19,374. 19,374.32 Legal fees 32 14,323. 9,637. 4,686.33 Supplies 33 6,812. 4,974. 1,838.34 Telephone 34 35,483. 22,477. 13,006.35 Postage and shipping 35 664,902. 653,433. 11,469.36 Occupancy 36 298,717. 244,570. 54,147.37 Equipment rental and maintenance 37 8 , 802. 6,143. 2 , 659.38 Printing and publications 38 356,035. 348,984. 7,051.39 Travel 39 94,989. 73,719. 21,270.40 Conferences, conventions, and meetings 40 34, 264. 34,264.41 Interest 41 17,724. 11,925. 5,799.42 Depreciation, depletion, etc. (attach schedule) 42 108, 702. 73,275. 35,427.43 Other expenses not covered above (itemize):

a 43a

b 43b

c 43c

d 43d

e 43e

f 43f

g SEE STATEMENT 2 43g 2,043,842. 1,805,640. 238,202.14 Total functional expenses . Add lines 22a through

43g. (Organizations completing columns (B)-(D),

carry these totals to lines 13-15) 44 5,023,841. 4,211,906. 811,935. 0.Joint Costs . Check ► U if you are following SOP 98-2.

Are any joint costs from a combined educational campaign and fundraising solicitation reported in (B) Program services? ►^ Yes 0% No

If 'Yes," enter ( 1) the aggregate amount of these joint costs $ N/A ; (ii) the amount allocated to Program services $ N/A

(iii) the amount allocated to Management and general $ N/A ; and ( iv) the amount allocated to Fundraising $ N/A

Form 990 (2007)

Form 990 (2007) NATIONAL SOCIETY OF COLLEGIATE SCHOLARS 52-1870777 Part III Statement of Program Service Accomplishments (See the instructions)

Form 990 is available for public inspection and, for some people, serves as the primary or sole source of information about a particular organization

How the public perceives an organization in such cases may be determined by the information presented on its return. Therefore, please make sure the

return is complete and accurate and fully describes, in Part III, the organization's programs and accomplishments.

What is the organization 's primary exempt purpose? ►EDUCATIONAL SOCIETY

All organizations must describe their exempt purpose achievements in a clear and concise manner . State the number of

clients served , publications issued , etc. Discuss achievements that are not measurable . (Section 501 (c)(3) and (4)

organizations and 4947 (a)(1) nonexempt charitable trusts must also enter the amount of grants and allocations to others.)

a CHAPTER ALLOCATIONS - CHAPTERS ARE GIVEN ALLOTMENTS TO

SUPPORT ACTIVITIES AT THEIR VARIOUS UNIVERSITIES. THESEACTIVITIES INCLUDE EDUCATIONAL SEMINARS , PROVIDEOPPORTUNITIES FOR PERSONAL GROWTH AND LEADERSHIPDEVELOPMENT.

(Grants and allocations $ 1 U Z , i i . ) If this amount includes foreign grants , check here

b MEMBERSHIP - ENCOURAGES LEARNING OPPORTUNITIES THROUGH

COMMUNITY SERVICE, WEB PAGE ORIENTATIONS, BROCHURES ANDPARTICIPATING IN CONFERENCES.

C

d

and allocations

Program ServiceExpenses

(Required for 501(c)(3)and (4) orgs., and

4947(a)(1) trusts; butoptional for others.)

1,339,332.

If this amount includes foreign grants, check here ► 2,872,574.

and allocations $ If this amount includes check here

and allocations i If this amount includes foreign grants, check here

e Other program services (attach schedule)

(Grants and allocations $ ) If this amount includes foreign grants , check here ► 0f Total of Program Service Expenses (should equal line 44, column (B), Program services) 4,211,906.

Form 990 (2007)

72302112-27-07

Form 990 (2007) NATIONAL SOCIETY OF COLLEGIATE SCHOLARS 52-1870777 Page4Part IV Balance Sheets (See the instructions)

Note : Where required, attached schedules and amounts within the description column (A) (B)should be for end-of-year amounts only. Beginning of year End of year

45 Cash - non-interest-bearing 743,456. 45 1,097,885.46 Savings and temporary cash investments 46 600.

47 a Accounts receivable 47a 603,879.b Less: allowance for doubtful accounts 47b 404,091. 47c 603,879.

48 a Pledges receivable 48a

b Less allowance for doubtful accounts 48b 48c

49 Grants receivable 49

50 a Receivables from current and former officers, directors, trustees, and

key employees 50a

b Receivables from other disqualified persons (as defined under section

4958(f)(1)) and persons described in section 4958(c)(3)(B) 50b

51 a Other notes and loans receivable 51a

a b Less: allowance for doubtful accounts 51b 51c

52 Inventories for sale or use 29,142. 52 24,058.53 Prepaid expenses and deferred charges 151,788. 53 59,260.54 a Investments - publicly-traded securities ► El Cost El FMV 54a

b Investments - other securities ► El Cost El FMV 54b

55 a Investments - land, buildings, and

equipment: basis 55a

b Less: accumulated depreciation 55b 55c

56 Investments - other 56

57 a Land, buildings, and equipment: basis 57a 1,071 ,626.b Less- accumulated depreciation STMT 4 57b 78 4 75-TO. 93,911. 57c 287,086.

58 Other assets, including program-related investments

(describe ► DEPOSITS ) 3 , 5 0 0 . 58 12,781.59 Total assets must equal line 74) . Add lines 45 through 58 1,425,888. 59 2,085,549.60 Accounts payable and accrued expenses 789,838. 60 877,783.61 Grants payable 61

62 Deferred revenue 412,827. 62 217,641.2 63 Loans from officers, directors, trustees, and key employees 63

a 64 a Tax-exempt bond liabilities 64a

b Mortgages and other notes payable 64b

65 Other liabilities (describe ► SEE STATEMENT 5 ) 23,420. 65 36,211.

66 Total liabilities . Add lines 60 through 65 1,226,085. 66 1,131,635.Organizations that follow SFAS 117 , check here ► X and complete lines

67 through 69 and lines 73 and 74.

67 Unrestricted 179,803. 67 933,914.68 Temporarily restricted 20,000. 68 20,000.

co69 Permanently restricted 69

Organizations that do not follow SFAS 117, check here ► andU.0 complete lines 70 through 74.

° 70 Capital stock, trust principal, or current funds 70

71 Paid-in or capital surplus, or land, building, and equipment fund 71N4 72 Retained earnings, endowment, accumulated income, or other funds 72

Z 73 Total net assets or fund balances . Add lines 67 through 69 or lines 70 through 72.

(Column (A) must equal line 19 and column ( B) must equal line 21) 199,803. 73 953,914.74 Total liabilities and net assets/fund balances . Add lines 66 and 73 1,425,888. 74 2,085 ,549.

Form 990 (2007)

72303112-27-07

Form 990 (2007) NATIONAL SOCIETY OF COLLEGIATE SCHOLARS 52-1870777 Pagesart - Reconci l iation of Revenue per Audited Financia l Statements With Revenue per etur (See the

instructions)

a Total revenue, gains, and other support per audited financial statements a 5,827 ,391.b Amounts included on line a but not on Part I, line 12:

1 Net unrealized gains on investments b1

2 Donated services and use of facilities b2

3 Recoveries of prior year grants b3

4 Other (specify): RECLAS S COGS b4 49,439.Add lines b1 through b4 b 49,439.

c Subtract line b from line a c 5,777,952.d Amounts included on Part I, line 12, but not on line a:

1 Investment expenses not included on Part I, line 6b d1

2 Other (specify): d2

Add lines dl and d2 d 0.

e Total revenue Part I, line 12) . Add lines c and d 10- e^

5,777 ,952.art IV-5 I Reconci l iation of Expenses per Aud ited F inancia l statements W ith Expenses per eturn

a Total expenses and losses per audited financial statements a 5,073,280.

b Amounts included on line a but not on Part I, line 17:

1 Donated services and use of facilities b1

2 Prior year adjustments reported on Part I, line 20 b2

3 Losses reported on Part I, line 20 b3

4 Other (specify): RECLASS COGS b4 49,439.Add lines till through b4 b 49,439.

C Subtract line b from line a c 5,023,841.d Amounts included on Part I, line 17, but not on line a:

1 Investment expenses not included on Part I, line 6b dl

2 Other (specify): d2

Addlinesdlandd2 :d] 0.

e Total expenses Part I, line 17 Add lines c and d ► e 5 , 0 2 3 , 8 41 .

Part V-A Current officers, D irectors , Trustees, and Key Employees (List each person who was an officer, director, trustee,or key employee at any time during the year even if they were not compensated.) (See the instructions)

(A) Name and addressTitle and average hoursper week devoted to

position

Compensation(If not paid, enter

0 .)

Contributions toa ployee benefit

compensat i on sins

( xpenseaccount and

other allowances

---------------------------------

---------------------------------SEE STATEMENT 6 416,648. 53,855. 0.

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Form 990 (2007)

723041 12-27-07

Form 990 (2007) NATIONAL SOCIETY OF COLLEGIATE SCHOLARS 52-1870777 Page6Part V-A Current Officers, Directors, Trustees, and Key Employees (continued) Yes No75 a Enter the total number of officers, directors, and trustees permitted to vote on organization business at board

meetings ► 13

b Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employeeslisted in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A,Part II-A or II-B, related to each other through family or business relationships? If "Yes," attach a statement that identifiesthe individuals and explains the relationship(s) 75b X

c Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employeeslisted in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A,Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to theorganization? See the instructions for the definition of "related organization." 75c X

If "Yes," attach a statement that includes the information described in the instructions.

d Does the organization have a written conflict of interest policy? 75d X

Part V-B I Former officers , Directors , Trustees , and Key Employees That Received Compensation or OtherBenefits (If any former officer, director, trustee, or key employee received compensation or other benefits (described below) duringthe year, list that person below and enter the amount of compensation or other benefits in the appropriate column. See the Instructions )

(A) Name and addressNONE

(B) Loans and Advances(C)Compensation

(If not paid ,

enter - 0-)

Contributions toemployee benefitplans & deferred

compensation plans

(E) Expenseaccount and

other allowances

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Part VI I Other Information (See the instructions) Yes No76 Did the organization make a change in its activities or methods of conducting activities? If 'Yes,' attach a detailed

statement of each change 76 X

77 Were any changes made in the organizing or governing documents but not reported to the IRS? 77 X

If 'Yes,' attach a conformed copy of the changes.

78 a Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return? 78a X

b If 'Yes," has it filed a tax return on Form 990-T for this year? N/A 78b

79 Was there a liquidation, dissolution, termination, or substantial contraction during the year? If "Yes," attach a statement 79 X

80 a Is the organization related (other than by association with a statewide or nationwide organization) through common

membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization? BOa X

b If "Yes,' enter the name of the organization' N/A

and check whether it is exempt or L-J nonexempt

81 a Enter direct and indirect political expenditures. (See line 81 instructions.) 81a 0

b Did the organization file Form 1120-POL for this year? 1b X

Form 990 (2007)

723161 /12-27-07

Form 990 (2007) NATIONAL SOCIETY OF COLLEGIATE SCHOLARS 52-1870777 Page7

Part VI Other Information (continued) Yes No82 a Did the organization receive donated services or the use of materials, equipment, or facilities at no charge or at substantially

less than fair rental value? 82a X

b If "Yes," you may indicate the value of these items here Do not include this

amount as revenue in Part I or as an expense in Part II.

(See instructions in Part III.) 82b N/A

83 a Did the organization comply with the public inspection requirements for returns and exemption applications? 83a X

b Did the organization comply with the disclosure requirements relating to quid pro quo contributions? 83b X

84 a Did the organization solicit any contributions or gifts that were not tax deductible? 84a X

b If 'Yes," did the organization include with every solicitation an express statement that such contributions or gifts were not

tax deductible? N/A 84b

85 a 501(c)(4), (5), or (6) Were substantially all dues nondeductible by members? N/A 85a

b Did the organization make only in-house lobbying expenditures of $2,000 or less? N/A 85b

If "Yes" was answered to either 85a or 85b, do not complete 85c through 85h below unless the organization received a

waiver for proxy tax owed for the prior year

c Dues, assessments, and similar amounts from members 850 N/A

d Section 162(e) lobbying and political expenditures 85d N/A

e Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices 85e N/A

f Taxable amount of lobbying and political expenditures (line 85d less 85e) 85f N/A

g Does the organization elect to pay the section 6033(e) tax on the amount on line 85f? N/A 85g

h If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount on line 85f

to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the

following tax year? N/A 85h

86 501(c)(7) organizations. Enter: a Initiation fees and capital contributions included on

line 12 86a N/A

b Gross receipts, included on line 12, for public use of club facilities 86b N/A

87 501(c)(12) organizations Enter: a Gross income from members or shareholders 87a N/A

b Gross income from other sources. (Do not net amounts due or paid to other sources

against amounts due or received from them.) 87b N/A

88 a At any time during the year, did the organization own a 50% or greater interest in a taxable corporation or partnership,

or an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?

If "Yes," complete Part IX 88a X

b At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of

section 512(b)(13)? If 'Yes," complete Part XI ► 88b X

89 a 501(c)(3) organizations. Enter: Amount of tax imposed on the organization during the year under:

section 4911Poo- 0 . ; section 4912 ► 0 . ; section 4955 ► 0.

b 501(c)(3) and 501(c)(4) organizations Did the organization engage in any section 4958 excess benefit

transaction during the year or did it become aware of an excess benefit transaction from a prior year?

If "Yes," attach a statement explaining each transaction _ 89b X

c Enter: Amount of tax imposed on the organization managers or disqualified persons during the year under

sections 4912, 4955, and 4958 ► 0.

d Enter: Amount of tax on line 89c, above, reimbursed by the organization ► 0.

e All organizations At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? 89e X

f All organizations Did the organization acquire a direct or indirect interest in any applicable insurance contract? 89f X

g For supporting organizations and sponsoring organizations maintaining donor advised funds. Did the supporting organization,

or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year? 89g X

90 a List the states with which a copy of this return is filed

b Number of employees employed in the pay period that includes March 12, 2007 90b 29

91 a The books are in care of ► THE ORGANIZATION Telephone no. ► 2 0 2 - 2 6 5 - 9 0 0 0Located at ► 11 DUPONT CIRCLE NW, WASHINGTON, DC ZIP+4 ► 20036

b At any time during the calendar year, did the organization have an interest in or a signature or other authority over Yes No

a financial account in a foreign country (such as a bank account, securities account, or other financial account)? 91b X

If 'Yes,' enter the name of the foreign country ► N/A

See the instructions for exceptions and filing requirements for Form TD F 90-22.1, Report of Foreign Bank

and Financial Accounts

Form 990 (2007)

723162 / 12-27-07

Form 990 (2007) NATIONAL SOCIETY OF COLLEGIATE SCHOLARS 52-1870777 Page8Part VI Other n ormation (continued) Yes No

c At any time during the calendar year , did the organization maintain an office outside of the United States? 91c X

If 'Yes,' enter the name of the foreign country ► N/A

92 Section 494 7(a)(1) nonexempt charitable trusts filing Form 990 in lieu of Form 1041 - Check here ► 0and enter the amount of tax -exempt interest received or accrued during the tax year ► 92 N/A

Part VII Ana lysis of ncome-Producing Activities (See the instructions)

Note: Enter gross amounts unless otherwise Unre l a t e d b usiness income Excluded by section 512, 513, or 514 E

indicated

93 Program service revenue :

(A)Businesscode

(B)Amount

z)_sloncode

( D)Amount

( )

Related or exemptfunction income

a LEADERSHIP PROGRAMS 767,855.

b OTHER INCOME 30,150.

Cd

et Medicare/Medicaid payments

g Fees and contracts from government agencies

94 Membership dues and assessments 4,809,300.

95 Interest on savings and temporary cash investments 14 5, 494.96 Dividends and interest from securities

97 Net rental income or ( loss) from real estate:

a debt -financed property

b not debt -financed property

98 Net rental income or ( loss) from personal property

99 Other investment income

100 Gain or (loss) from sales of assets

other than inventory

101 Net income or (loss) from special events

102 Gross profit or (loss) from sales of inventory 62,424.103 Other revenue:

a ROYALTIES 15 82,729.b

cd

e1104 Subtotal (add columns ( B), (D), and ( E)) 0. 88 ,223. 5, 6 6 9,729.

105 Total (add line 104, columns (B), (D), and (E)) ► 5,757,952.Note : Line 105 plus line le, Part 1, should equal the amount on line 1 2, Part I.

Part VI II Relations fp o ctivities tote Accomp l ishment of Exempt Purposes (See the instructions)Line No . Explain how each activity for which income is reported in column ( E) of Part VII contributed importantly to the accomplishment of the organization's

exempt purposes ( other than by providing funds for such purposes).

SEE STATEMENT 7

Part IX Information Regarding Taxable Subsidiaries and Disregarded Entities (See the instructions)

Name , address, and EIN of cor oration,partnership, or disregardedentity

Percentage ofownership interest

Nature of activities Total Income End-of-yearassets

N/A %

I %Iran mrormation rtegaraing i ransrers Associaiea wren rersonai rseneni contracts (see the instructions)

(a) Did the organization, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract? L_J Yes LXJ No

(b) Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract? EJ Yes ® No

Note: If "Yes" to (b), file Form 8870 and Form 4720 (see instructions)

Form 990 (2007)

72316312-27-07

Form 990 (2007) NATIONAL SOCIETY OF COLLEGIATE SCHOLARS 52-1870777 Page9Part XI I nformation Regarding Transfers To and From Controlled Entities . Complete only if the organization is a

controlling organization as defined in section 512(b)(13). N/A

Yes No106 Did the reporting organization make any transfers to a controlled entity as defined in section 512(b)(13) of the Code? If 'Yes,"

complete the schedule below for each controlled entity

(A)Name , address, of each

controlled entity

(B)Employer

IdentificationNumber

(C)Description of

transfer

(D)Amount oftransfer

a---------------------------------

---------------------------------

b------------------------------------------------------------------

c---------------------------------

- --------------------------------

Totals

Yes No107 Did the reporting organization receive any transfers from a controlled entity as defined in section 512(b)(13) of the Code? If "Yes,"

complete the schedule below for each controlled entity. FF(A)

Name, address, of eachcontrolled entity

(B)Employer

IdentificationNumber

(C)Description of

transfer

(D)Amount oftransfer

a---------------------------------

---------------------------------

b---------------------------------

- --------------------------------

c---------------------------------

- --------------------------------

Totals

Yes No108 Did the organization have a binding written contract in effect on August 17, 2006, covering the interest, rents, royalties, and

annuities described in question 107 above?unuer penances am perjury, , aeciare mat i nave examrnea cis return , inciuaing accompanying scneouies anti statements, anti to inc Des[ or my x nowieage anti Deism , it is true , correct,and complete Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge

Please

Sign

Here

Paid

Preparer's

Use Only

SI ature o o Icer

Type or prin nameame and tit l e

Prep arer'ssign ature

^ wsignature ^^^ and A

t•R.. Lf^- r'

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rum s name toryours if

- UGHNSON LAMBERT & COself-employed ) , '700 SPRING FOREST ROZIPdre4 . and

RALEIGH, NC 2 7 6 0 9

or

723164/12-27-07

SCHEDULE A Organization Exempt Under Section 501(c)(3)(Form 990 or 990-EZ) ( Except Private Foundation) and Section 501(e ), 501(f), 501(k),

501(n), or 4947( a)(1) Nonexempt Charitable Trust

Department of the Treasury Supplementary Information-(See separate instructions.)Internal Revenue Service ► MUST be completed by the above organizations and attached to their Form 990 or 990-EZ

OMB No 1545-0047

2007Name of the organization Employer identification number

NATIONAL SOCIETY OF COLLEGIATE SCHOLARS 152 1870777

Part I I Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees(See page 1 of the instructions. List each one. If there are none, enter 'None.')

( a ) Name and address of each employee p aidmore than $50,000

I e an average oursper week devoted to

positionc) Compensation

on r ions toemployee benefitplans deferredcompensation

(e)xpenose

account and otherallowances

--------------------------------NONE

---------------------------------

---------------------------------

---------------------------------

---------------------------------

Total number of other employees paid

over $50,000 ► 0

I Part II-A i Compensation of the Five Highest Paid Independent Contractors for Professional Services

(See page 2 of the instructions. List each one (whether individuals or firms).'If there are none, enter ' None.')

(a) Name and address of each independent contractor paid more than $50,000 ( b) Type of service (c) Compensation

RST MARKETING ASSOCIATES, INC.-----------------------------------------1272 CORPORATE PARK DRIVE, FOREST, VA 24551

CONSULTING,MAILING, PRINTING 1271378.

PCI COMMUNICATIONS, INC.-----------------------------------------3015 COLVIN STREET , ALEXANDRIA, VA 22314

CONSULTING &PRINTING 112,820.

ACGI - ASSOCIATION ANYWHERE--------------------------------------10632 LITTLE PATUXENT PARKWAY, SUITE 220, C0LUMBI 0FTWARE/SUPPORT 111,974.XERT _COMMUNICATIONS CORP.

------------------------215 SOUTH UNION ST., SUITE 202, ALEXANDRIA, VA 22 0NSULT ING 52,108.

--------------------------------------------

Total number of others receiving over

$50,000 for professional services ► 0

Part II-B ) Compensation of the Five Highest Paid Independent Contractors for Other Services(List each contractor who performed services other than professional services, whether individuals or

firms. If there are none , enter ' None' See page 2 of the instructions.)

(a) Name and address of each independent contractor paid more than $50,000 (b) Type of service ( c) Compensation

MERKLE RESPONSE SERVICES, INC.7 001--------COLUMBIA---- GATEWAY

D---RI

-VE------COLUMBIA-----MD---2 -1 -0 4- 6--, ,PAYMENTROCESSING/LOCKB 79 ,469.

TODD ALLAN PRINTING COMPANY, INC.7--6 0-----------_----------------------------

5 SUNNYSIDE AVVENUE, BELTSVILLE, MD 20705 MARKETING 77,956.

--------------------------------------------

--------------------------------------------

--------------------------------------------

Total number of other contractors receiving over

$50,000 for other services ►F 0

723101/12-27-07 LHA For Paperwork Reduction Act Notice , see the Instructions for Form 990 and Form 990- EZ. Schedule A (Form 990 or 990-EZ) 2007

Schedule A (Form 990 or 990- EZ) 2007 NATIONAL SOCIETY OF COLLEGIATE SCHOLARS 52-1870777 Page 2

art I Statements About Activities (See page 2 of the instructions.) Yes No

1 During the year, has the organization attempted to influence national, state, or local legislation, including any attempt to influence

public opinion on a legislative matter or referendum? If "Yes, enter the total expenses paid or incurred in connection with the

lobbying activities ► $ $ (Must equal amounts on line 38, Part VI-A, or

line i of Part VI-B.) 1 X

Organizations that made an election under section 501(h) by filing Form 5768 must complete Part VI-A. Other organizations

checking 'Yes' must complete Part VI-B AND attach a statement giving a detailed description of the lobbying activities.

2 During the year, has the organization, either directly or indirectly, engaged in any of the following acts with any substantial contributors,trustees, directors, officers, creators, key employees, or members of their families, or with any taxable organization with which any suchperson is affiliated as an officer, director, trustee, majority owner, or principal beneficiary? (If the answer to any question is "Yes, "attach a detailed statement explaining the transactions)

a Sale, exchange, or leasing of property? 2a X

b Lending of money or other extension of credit? 2b X

c Furnishing of goods, services, or facilities? 2c X

d Payment of compensation (or payment or reimbursement of expenses if more than $1,000)? SEE PART V-A, FORM 990 2d Xe Transfer of any part of its income or assets? 2e X

3 a Did the organization make grants for scholarships, fellowships, student loans, etc.? (If 'Yes,' attach an explanation of how

the organization determines that recipients qualify to receive payments.) SEE STATEMENT 8 3a Xb Did the organization have a section 403(b) annuity plan for its employees? 3b X

c Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space,

the environment, historic land areas or historic structures? If "Yes," attach a detailed statement 3c X

d Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services? 3d X

4 a Did the organization maintain any donor advised funds? If 'Yes, complete lines 4b through 4g. If "No; complete lines 4f

and 4g 4a X

b Did the organization make any taxable distributions under section 4966? N/A 4b

c Did the organization make a distribution to a donor, donor advisor, or related person? N/A 4c

d Enter the total number of donor advised funds owned at the end of the tax year ► N/Ae Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year ► N/Af Enter the total number of separate funds or accounts owned at the end of the year (excluding donor advised funds included on

line 4d) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts ► 0.

g Enter the aggregate value of assets in all funds or accounts included on line 4f at the end of the tax year ► 0.

Schedule A (Form 990 or 990-EZ) 2007

72311112-27-07

Schedule A (Form 990 or 990-EZ) 2007 NATIONAL SOCIETY OF COLLEGIATE SCHOLARS 52-1870777 Page3

Part IV Reason for Non-Private Foundation Status (See pages 4 through 8 of the instructions.)

I certify that the organization is not a private foundation because it is: (Please check only ONE applicable box.)

5 L1 A church, convention of churches, or association of churches . Section 170 (b)(1)(A)(i).

6 0 A school. Section 170 ( b)(1)(A)(ii). (Also complete Part V.)

7 0 A hospital or a cooperative hospital service organization. Section 170 (b)(1)(A)(ui).

8 El A federal, state, or local government or governmental unit Section 170(b)(1)(A)(v).

9 0 A medical research organization operated in conjunction with a hospital. Section 170(b)(1)(A)(m ). Enter the hospital's name, city,

and state ►10 0

11a 0

11b 0

12

An organization operated for the benefit of a college or university owned or operated by a governmental unit. Section 170(b)(1)(A)(iv).

(Also complete the Support Schedule in Part IV-A.)

An organization that normally receives a substantial part of its support from a governmental unit or from the general public.

Section 170 (b)(1)(A)(vi). (Also complete the Support Schedule in Part IV-A.)

A community trust. Section 170(b)(1)(A )(w). (Also complete the Support Schedule in Part IV-A.)

An organization that normally receives: ( 1) more than 33 1/3% of its support from contributions , membership fees, and grossreceipts from activities related to its charitable, etc., functions - subject to certain exceptions , and (2) no more than 33 1/3% ofits support from gross investment income and unrelated business taxable income ( less section 511 tax) from businesses acquiredby the organization after June 30 , 1975. See section 509 (a)(2). (Also complete the Support Schedule in Part IV-A.)

13 0 An organization that is not controlled by any disqualified persons ( other than foundation managers) and otherwise meets the requirements of section

509(a )( 3). Check the box that describes the type of supporting organization:

Type I El Type II 0 Type III-Functionally Integrated El Type III-Other

Provide the following information about the supported organizations . (See page 8 of the instructions.)

(a)

Name(s) of supported organization(s)

(b)

Employeridentificationnumber (EIN)

(c)

Type of organization(described in lines5 through 12 above

or IRC section)

(d)

Is the supportedorganization listed in

the supportingorganization's

governing documents.

(e)

Amount ofsupport

Yes No

Total -- - ^ -

14 Q An organization organized and operated to test for public safety. Section 509(a)(4). (See page 8 of the instructions.)


72312112-27-07

Part IV-A ^ Support Schedule (Complete only if you checked a box on line 10, 11, or 12 .) Use cash method of accounting.Note : You may use the worksheet in the instructions for convertina from the accrual to the cash method of arcni,nt,nn

Ca l en d ar year ( or fisca l yearbeginning in) ► (a) 2006 (b) 2005 (c) 2004 (d) 2003 (e) Total

15 i s, grants, and contributionsreceived. (Do not include unusualgrants. See line 28.)

16 Membership tees received 4,710,795. 3,905,225. 4,563,557. 4,077,576. 17,257,153.17 Gross receipts from admissions,

merchandise sold or servicesperformed, or furnishing offacilities in any activity that isrelated to the organization'scharitable, etc., purpose 971,146. 1,056,735. 634,617. 169,275. 2,831,773.

18 Gross income from interest, divid-ends, amounts received from pay-ments on securities loans (section512(a)(5)), rents, royalties, incomef d l dunre aterom similar sources, anbusiness taxable income (lesssection 511 taxes) from businessesacquired by the organization afterJune 30,1975 6, 732. 859. 477. 491. 8,559.

19 Net income from unrelated business

activities not included in line 1820 ax revenues ed for the

organization's benefit and eitherpaid to it or expended on its behalf

21 The value of services or facilitiesfurnished to the organization by agovernmental unit without charge.Do not include the value of servicesor facilities generally furnished tothe public without charge

22 Uther income. Attach a schedule.Do not include gain or (loss) fromsale of capital assets

23 Total of lines 15 through 22 5,688,673. 4,962,819. 5,198,651. 4,247,342. 20,097,485.24 Line 23 minus line 17 4,717,527. 3,906,084. 4,564,034. 4,078,067. 17,2 65,712.25 Enter s% ofline 23 56,887. 49,628. 51,987. 42,473.26 Organizations described on lines 10 or 11: a Enter 2% of amount in column (e), line 24 ► 26a N/A

b Prepare a list for your records to show the name of and amount contributed by each person (other than a governmental

unit or publicly supported organization) whose total gifts for 2003 through 2006 exceeded the amount shown in line 26a.

Do not file this list with your return . Enter the total of all these excess amounts ► 26b N/A

c Total support for section 509(a)(1) test: Enter line 24, column (e) ► 26c N/A

d Add: Amounts from column (e) for lines: 18 19

22 26b ► 26d N/A

e Public support (line 26c minus line 26d total) ► 26e N/A

t Public support percentage ( line 26e ( numerator) divided by line 26c ( denominator )) ► 26f N/A %

27 Organizations described on line 12: a For amounts included in lines 15, 16, and 17 that were received from a'disqualified person; prepare a list for your

records to show the name of, and total amounts received in each year from, each 'disqualified person' Do not file this list with your return . Enter the sum of

such amounts for each year:

(2006) 0. (2005) 0. (2004) 0 . (2003) 0.

b For any amount included in line 17 that was received from each person (other than 'disqualified persons'), prepare a list for your records to show the name of,

and amount received for each year, that was more than the larger of (1) the amount on line 25 for the year or (2) $5,000. (Include in the list organizations

described in lines 5 through 11b, as well as individuals.) Do not file this list with your return . After computing the difference between the amount received and

the larger amount described in (1) or (2), enter the sum of these differences (the excess amounts) for each year:

(2006) 0 . (2005) 0 • (2004) 0 . (2003) 0.

c Add: Amounts from column (e) for lines: 15 16 17,257,153.

17 2,831,773. 20 21 ► 27c 20,088,926.

d Add: Line 27a total 0. and line 27b total 0. ► 27d 0.

e Public support (line 27c total minus line 27d total) ► 27e 20,088,926.

f Total support for section 509(a)(2) test: Enter amount on line 23, column (e) ► 27f 20,097, 485.

g Public support percentage ( line 27e (numerator) divided by line 27f ( denominator)) ► 27g 99-9574%

In Investment income percentage ( line 18, column ( e ) ( numerator ) divided by line 27f ( denominator)) ► 27h .0426%

28 Unusual Grants : For an organization described in line 10, 11, or 12 that received any unusual grants during 2003 through 2006, prepare a list for your records toshow, for each year, the name of the contributor, the date and amount of the grant, and a brief description of the nature of the grant. Do not file this list with yourreturn . Do not include these grants in line 15.

723131 12-27-07 NONE Schedule A (Form 990 or 990-EZ) 2007

Schedule A (Form 990 or990-EZ) 2007 NATIONAL SOCIETY OF COLLEGIATE SCHOLARS 52-1870777 Page5

Part V Private School Questionnaire (See page 9 of the instructions.) N/A(To be completed ONLY by schools that checked the box on line 6 in Part IV)

29 Does the organization have a racially nondiscriminatory policy toward students by statement in its charter, bylaws, other governingYes No

instrument, or in a resolution of its governing body? 29

30 Does the organization include a statement of its racially nondiscriminatory policy toward students in all its brochures, catalogues,

and other written communications with the public dealing with student admissions, programs, and scholarships? 30

31 Has the organization publicized its racially nondiscriminatory policy through newspaper or broadcast media during the period of

solicitation for students, or during the registration period if it has no solicitation program, in a way that makes the policy known

to all parts of the general community it serves9 31

It 'Yes,' please describe; if 'No,' please explain. (If you need more space, attach a separate statement.)

32

a

Does the organization maintain the following:

Records indicating the racial composition of the student body, faculty, and administrative staff? 32a

b Records documenting that scholarships and other financial assistance are awarded on a racially nondiscriminatory basis? 32b

c Copies of all catalogues, brochures, announcements, and other written communications to the public dealing with student

admissions, programs, and scholarships? 32c

d Copies of all material used by the organization or on its behalf to solicit contributions? 32d

If you answered 'No' to any of the above, please explain. (If you need more space, attach a separate statement.)

33

a

Does the organization discriminate by race in any way with respect to:

Students' rights or privileges? 33a

b Admissions policies? 33b

c Employment of faculty or administrative staff? 33c

d Scholarships or other financial assistance? 33d

e Educational policies? 33e

f Use of facilities? 33f

g Athletic programs? 33g

h Other extracurricular activities? 33h

If you answered 'Yes' to any of the above, please explain. (If you need more space, attach a separate statement)

34 a Does the organization receive any financial aid or assistance from a governmental agency? 34a

b Has the organization's right to such aid ever been revoked or suspended? 34b

If you answered 'Yes' to either 34a or b, please explain using an attached statement.35 Does the organization certify that it has complied with the applicable requirements of sections 4.01 through 4.05 of Rev. Proc. 75-50,

1975-2 C.B. 587, covering racial nondiscrimination? If "No," attach an explanation 35


72314112-27-07

Schedule A (Form 990 or 990-EZ) 2007 NATIONAL SOCIETY OF COLLEGIATE SCHOLARS 52-1870777 Page 6Part VI -A Lobbying Expenditures by Electing Public Charities (See page 11 of the instructions.) N/A

(To be completed ONLY by an eligible organization that filed Form 5768)

Check ► a if the organization belongs to an affiliated group . Check ► b L-J if you checked "a" and "limited control' provisions apply.

(a) (b)Limits on Lobbying Expenditures Affiliated group To be completed for all

(The term 'expenditures' means amounts paid or incurred.) totals electing organizations

N/A36 Total lobbying expenditures to influence public opinion (grassroots lobbying) 36

37 Total lobbying expenditures to influence a legislative body (direct lobbying) 37

38 Total lobbying expenditures (add lines 36 and 37) 38

39 Other exempt purpose expenditures 39

40 Total exempt purpose expenditures (add lines 38 and 39) 40

41 Lobbying nontaxable amount. Enter the amount from the following table -

If the amount on line 40 is - The lobbying nontaxable amount is -

Not over $500,000 20% of the amount on line 40

Over $500,000 but not over $ 1,000,000 $ 100,000 plus 15% of the excess over $500,000

Over $ 1,000 , 000 but not over $ 1,500 , 000 $175 , 000 plus 10% of the excess over $1,000,000 41

Over $ 1,500 , 000 but not over $17,000 ,000 $225,000 plus 5% of the excess over $ 1,500,000

Over $17,000,000 $1,000,000

42 Grassroots nontaxable amount (enter 25% of line 41) 42

43 Subtract line 42 from line 36. Enter -0- if line 42 is more than line 36 43

44 Subtract line 41 from line 38. Enter -0- if line 41 is more than line 38 44

Caution : If there is an amount on either line 43 or line 44 , you must file Form 4720

4-Year Averaging Period Under Section 501(h)(Some organizations that made a section 501(h) election do not have to complete all of the five columns

below. See the instructions for lines 45 through 50 on page 13 of the instructions.)

Lobbying Expenditures During 4 -Year Averaging PeriodN/A

Calendar year ( or (a) (b) (c) (d) (e)fiscal year beginning in) ► 2007 2006 2005 2004 Total

45 Lobbying nontaxable

amount 0.46 Lobbying ceiling amount

( 150% of line 45 ( e )) 0.

47 Total lobbying

expenditures 0.

48 Grassroots nontaxable

amount 0.49 Grassroots ceiling amount

( 150% of line 48 ( e )) 0.

50 Grassroots lobbying

expenditures 0.

1 rant vi-5 ( Loooymg Actrvtry Dy noneteclung Irumic t;narrctes(For reporting only by organizations that did not complete Part VI-A) (See page 14 of the instructions.) N/A

During the year, did the organization attempt to influence national, state or local legislation, including any attempt toYes No Amount

influence public opinion on a legislative matter or referendum, through the use of:

a Volunteers

b Paid staff or management (Include compensation in expenses reported on lines c through h.)

c Media advertisements

d Mailings to members, legislators, or the public

e Publications, or published or broadcast statements

f Grants to other organizations for lobbying purposes

g Direct contact with legislators, their staffs, government officials, or a legislative body

h Rallies, demonstrations, seminars, conventions, speeches, lectures, or any other means

i Total lobbying expenditures (Add lines cthrough h.) 0.If 'Yes' to any of the above, also attach a statement giving a detailed description of the lobbying activities.

72315112-27-07 Schedule A ( Form 990 or 990-EZ) 2007

Schedule A.( Form 990 or 990-EZ ) 2007 NATIONAL SOCIETY OF COLLEGIATE SCHOLARS 52-1870777 Page 7

Part VII Information Regarding Transfers To and Transactions and Relationships With NoncharitableExempt Organizations (See page 14 of the instructions.)

51 Did the reporting organization directly or indirectly engage in any of the following with any other organization described in section

501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

a Transfers from the reporting organization to a noncharitable exempt organization of: Yes No

(I) Cash

(ii) Other assets

Other transactions:

(i) Sales or exchanges of assets with a noncharitable exempt organization

(ii) Purchases of assets from a noncharitable exempt organization

(iii) Rental of facilities, equipment, or other assets

(iv) Reimbursement arrangements

(v) Loans or loan guarantees

(vi) Performance of services or membership or fundraising solicitations

Sharing of facilities, equipment, mailing lists, other assets, or paid employees

If the answer to any of the above is 'Yes,' complete the following schedule. Column (b) should always show the fair market value of the

goods, other assets, or services given by the reporting organization. If the organization received less than fair market value in any

transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received:

51a(i) X

a(ii) X

b(i) X

b(ii) X

b(iii) X

b(iv) X

b(v) X

b(vi) X

C X

N/A

(a)o.

I (b) M (d)Line n Amount involved Name of noncharitable exempt organization Description of transfers, transactions, and sharing arrangements

52 a Is the organization directly or indirectly affiliated with , or related to, one or more tax-exempt organizations described in section 501(c) of the

Code ( other than section 501(c)(3 )) or in section 5279 10, 0 Yes ®Nob If 'Yes; complete the following schedule: N/A

2007 DEPRECIATION AND AMORTIZATION REPORT

FORM 990 PAGE 2 990

AssetNo Description

DateAcquired Method Life

LineNo

UnadjustedCost Or Basis

Bus %Excl

Reduction InBasis

Basis ForDepreciation

AccumulatedDepreciation

CurrentSec 179

Current YearDeduction

URNITURE AND FIXTURES AR .000 16 37,527. 37,527. 10,998. 4,392.EQUIPMENT CAPITAL

2 LEASE AR .000 6 29,582. 29,582. 6,163. 5,484.

3 EQUIPMENT AR .000 16 969,209. 969,209. 658,676. 93,668.

EASEHOLD IMPROVEMENTS AR .000 6 35,308. 35,308. 5,158.* TOTAL 990 PAGE 2EPR 1071626. 0. 1071626. 675,837. 0. 108,702.

72810204-27-07 (D) - Asset disposed * ITC, Section 179, Salvage, Bonus, Commercial Revitalization Deduction, GO Zone

NATIONAL SOCIETY OF COLLEGIATE SCHOLARS 52-1870777

FORM 990 INCOME AND COST OF GOODS SOLD STATEMENT 1INCLUDED ON PART I, LINE 10

INCOME

1. GROSS RECEIPTS . . . . . . . . . . . . . . . 111,8632. RETURNS AND ALLOWANCES . . . . . . . . . . .3. LINE 1 LESS LINE 2 . . . . . . . . . . . . . 111,863

4. COST OF GOODS SOLD (LINE 13) . . . . . . 49,4395. GROSS PROFIT (LINE 3 LESS LINE 4) . . . . . 62,424

COST OF GOODS SOLD

6. INVENTORY AT BEGINNING OF YEAR . . . . . . . 29,1427. MERCHANDISE PURCHASED . . . . . . . . . . . 44,3558. COST OF LABOR . . . . . . . . . . . . . . .9. MATERIALS AND SUPPLIES . . . . . . . . . . .

10. OTHER COSTS . . . . . . . . . . . . . .11. ADD LINES 6 THROUGH 10 . . . . . . . . . . . 73,497

12. INVENTORY AT END OF YEAR . . . . . . . . . . 24,05813. COST OF GOODS SOLD (LINE 11 LESS LINE 12). . 49,439

STATEMENT(S) 1


FORM 990 OTHER EXPENSES STATEMENT 2

(A) (B) (C)PROGRAM MANAGEMENT

DESCRIPTION TOTAL SERVICES AND GENERAL

OTHER PROGRAM COSTS 177,768. 175,769. 1,999.BANK CHARGES 109,764. 75,704. 34,060.DATABASE EXPENSE 148,321. 99,794. 48,527.INSURANCE 10,405. 7,001. 3,404.DATA ACQUISTION

COSTS 12,442. 10,317. 2,125.STAFFING 34,195. 12,636. 21,559.WEBSITE 29,880. 20,282. 9,598.VOLUNTEER TRAINING 3,011. 447. 2,564.MEMBERSHIPPROCESSING 86,905. 86,905.COMPUTER SERVICES 71,152. 49,197. 21,955.LICENSES & TAXES 2,587. 754. 1,833.MEALS ANDENTERTAINMENT 101,736. 93,322. 8,414.PAYROLL SERVICE FEES 3,946. 2,655. 1,291.SOFTWARE EXPENSE 68,466. 47,066. 21,400.BOOKS & RESOURCES 3,362. 2,048. 1,314.ADVERTISING &MARKETING 35,737. 35,737.CONSULTING FEES 97,168. 47,638. 49,530.DIRECT PERSONAL &MAILSHOP 552,474. 552,474.CHAPTER FUNDS 384,744. 384,744.SECURITY 6,407. 4,311. 2,096.OUTSOURCED PROGRAMFEES 77,371. 77,371.MEMBER FEES 6,918. 4,249. 2,669.RECRUITING 19,083. 15,219. 3,864.

TOTAL TO FM 990, LN 43 2,043,842. 1,805,640. 238,202.

(D)

FUNDRAISING

STATEMENT(S) 2


FORM 990 CASH GRANTS AND ALLOCATIONS STATEMENT 3TO INDIVIDUALS

CLASS OF ACTIVITY/DONEE'S NAME AND ADDRESS

SEE Attachment A

DONEE'SRELATIONSHIP

NONE

AMOUNT

102,313.

TOTAL INCLUDED ON FORM 990, PART II, LINE 22B 102,313.

FORM 990 DEPRECIATION OF ASSETS NOT HELD FOR INVESTMENT STATEMENT 4

COST OR ACCUMULATEDDESCRIPTION OTHER BASIS DEPRECIATION BOOK VALUE

FURNITURE AND FIXTURES 37,527. 15,390. 22,137.EQUIPMENT CAPITAL LEASE 29,582. 11,647. 17,935.EQUIPMENT 969,209. 752,344. 216,865.LEASEHOLD IMPROVEMENTS 35,308. 5,158. 30,150.

TOTAL TO FORM 990, PART IV, LN 57 1,071,626. 784,539. 287,087.

FORM 990 OTHER LIABILITIES STATEMENT 5

DESCRIPTION

CAPITAL LEASE OBLIGATIONDEFERRED RENT

TOTAL TO FORM 990, PART IV, LINE 65

BEGINNINGOF YEAR END OF YEAR

23,420. 17,936.0. 18,275.

23,420. 36,211.

STATEMENT(S) 3, 4, 5

NATIONAL SOCIETY OF COLLEGIATE SCHOLARS

TITLE AND COMPEN-AVRG HRS/WK SATION

EXECUTIVE DIRECTOR

45.00 137,288.

FORM 990 PART V-A - LIST OF CURRENT OFFICERS , DIRECTORS , STATEMENT 6TRUSTEES AND KEY EMPLOYEES

NAME AND ADDRESS

STEPHEN LOFLIN

11 DUPONT CIRCLE NW, STE 650WASHINGTON, DC 20036

JENNIFER FORTNEY11 DUPONT CIRCLE NW, STE 650WASHINGTON, DC 20036

AMY M. SHOPKORN11 DUPONT CIRCLE NW, STE 650WASHINGTON, DC 20036

LINDSAY BOWEN11 DUPONT CIRCLE NW, STE 650WASHINGTON, DC 20036

JAMES DUNCAN11 DUPONT CIRCLE NW, STE 650WASHINGTON, DC 20036

BILL ZIEGLER11 DUPONT CIRCLE NW, STE 650WASHINGTON, DC 20036

MARY STUART HUNTER11 DUPONT CIRCLE NW, STE 650WASHINGTON, DC 20036

ANDREW BRUSKIN11 DUPONT CIRCLE NW, STE 650WASHINGTON, DC 20036

SUSAN HOFF11 DUPONT CIRCLE NW, STE 650WASHINGTON, DC 20036

BRANDON HUSEMAN11 DUPONT CIRCLE NW, STE 650WASHINGTON, DC 20036

RALPH JOHNSON11 DUPONT CIRCLE NW, STE 650WASHINGTON, DC 20036

52-1870777

EMPLOYEEBEN PLAN EXPENSE

CONTRIB ACCOUNT

10,939. 0.

SENIOR DIRECTOR - OUTREACH45.00 83,658. 15,517.

SENIOR DIRECTOR - OPERATIONS45.00 80,500. 12,847.

DIRECTOR - STRATEGIC PARTNERSHIPS45.00 64,952. 7,702.

SENIOR DIRECTOR - SPECIAL PROJECTS45.00 50,250. 6,850.

0.

0.

0.

0.

CHAIR0.63 0. 0. 0.

VICE CHAIR

0.63 0. 0. 0.

DIRECTOR0.63 0. 0. 0.

DIRECTOR0.63 0. 0. 0.

DIRECTOR0.63 0. 0. 0.

DIRECTOR0.63 0. 0. 0.

STATEMENT(S) 6


RODNgY MCCLENDON DIRECTOR11 DUPONT CIRCLE NW , STE 650 0.63 0. 0. 0.WASHINGTON , DC 20036

DEREK VAN BEVER DIRECTOR11 DUPONT CIRCLE NW , STE 650 0.63 0. 0. 0.WASHINGTON , DC 20036

TOTALS INCLUDED ON FORM 990 , PART V-A 416,648. 53 , 855. 0.

FORM 990 PART VIII - RELATIONSHIP OF ACTIVITIES TO STATEMENT 7ACCOMPLISHMENT OF EXEMPT PURPOSES

LINE EXPLANATION OF RELATIONSHIP OF ACTIVITIES

93A PROVIDE A FORUM FOR EXCHANGE OF IDEAS AND FOSTERING COMMUNITY SERVICEAND LEADERSHIP DEVELOPMENT.

93B INCOME DERIVED TO RECOGNIZE AND CELEBRATE HIGH ACHIEVEMENT AMONGCOLLEGE STUDENTS.

94/ REVENUE COLLECTED TO SUPPORT THE PROGRAMS PROVIDED TO MEMBERS102 INCLUDING WEB ORIENTATIONS, BROCHURES AND OTHER MEMBER PROGRAMS.

SCHEDULE A EXPLANATION OF QUALIFICATIONS TO RECEIVE PAYMENTS STATEMENT 8PART III, LINE 3A

THESE SCHOLARSHIPS ARE BASED ON A MERIT BASED APPLICATION PROCESS WITHREVIEWERS

STATEMENT(S) 6, 7, 8

SCHOLARSHIP WINNERS - FY 2007List of Recipient Scholars rType of Scholarship Name Addressl Adress2 City , State Zip AmountScholarship-Exemplary Scholar Register Jin Lee 4029 Spruce Street Apt 2 Philadelphia PA 19104 $50000Scholarship-Merit Awards Register Sobiya Ansan 7711 Braes Meadow Drive Houston TX 77071 $1,000 00Scholarship-Ment Awards Register Achilleas Porfynads 450 Memorial Drive Cambridge MA 02139 $1,000 00Scholarship-Ment Awards Register Allison R Hanaford 2404 Nutwood Ave Fullerton CA 92831 $1,000 00Scholarship-Merit Awards Register Jason T Lee 3919 Mayfield Ave La Crescenta CA 91214 $1,000 00Scholarship-Ment Awards Register Gary W Briggs, Jr 5515 Clarewood Drive #146 Houston TX 77081 $1,000 00Scholarship-Ment Awards Register John T Odebode 2251 Sherman Ave Room 112 NW Washington DC 20001 $1,000 00Scholarship-Merit Awards Register Ashley C Thompson PO Box 15220 Tucson AZ 85708 $1,000 00Scholarship-Ment Awards Register Hesham Elnagar PO Box 86011 Flagstaff AZ 86011 $1,000 00Scholarship-Ment Awards Register Rebekah Constance Ganbay 940 Beaumont Square Norman OK 73071 $1,000 00Scholarship-Merit Awards Register Sampurna Mukherjee 3091 Riddle View Lane Apt 3 Cincinnati OH 45220 $1,000 00Scholarship-Ment Awards Register Davina Romansky 2448 Oeepridge Circle Akron OH 44313 $1,000 00Scholarship-Ment Awards Register Elizabeth Broadhead 337 Brentwood Avenue Trussville AL 35173 $1,000 00Scholarship-Merit Awards Register Hiroyuki Ishikawa 4300 Waialale Ave B-806 Honolulu HI 96816 $1,000 00Scholarship-Ment Awards Register Jeremy Ross Kruger 1231 Dickinson Drive Pentland #1214 Coral Gables FL 33146 $1,000 00Scholarship-Ment Awards Register Natalie Marie Cross N55 W30659 Hwy K Hartland WI 53029 $1,000 00Scholarship-Ment Awards Register Nicole Carolyn Sorge 5505 Den Heider Way Raleigh NC 27606 $1,000 00Scholarship-Ment Awards Register Clarence Quah 310 S 36th Street Box 323 Philadelphia PA 19104 $1,000 00Scholarship-Ment Awards Register Maria Mercedes Arredondo 1509 Cedar Ridge Drive Houston TX 77082 $1,000 00Scholarship-Merit Awards Register Maria Fernanda Acha Soria 11800 Unf Drive 3571 Jacksonville, FL 32224 $1,000 00Scholarship-Ment Awards Register Megan Elizabeth Geyer 368 S Hobble Bush Lane Vernon Hills IL 60061 $1,000 00Scholarship-Ment Awards Register Hung Yang Lin Alumni Square 71 Box 578036, Georgetown University Washington DC 20057 $1,000 00Scholarship-Ment Awards Register Ramone Faith Williams 8869 Danforth Drive Windermere FL 34786 $1,000 00Scholarship-Ment Awards Register Alessandra Musetti 205 Devonshire Road Tower Lakes IL 60010 $1,000 00Scholarship-Ment Awards Register Anita Mane Adam 1250 Union Street Apt 2 Brooklyn NY 12225 $1,000 00Scholarship-Ment Awards Register Austin Ray Helm PO Box 17036 Fountain Hills AZ 85269 $1,000 00Scholarship-Ment Awards Register Billie-Jean Lalita Forrest 1056 Antioch Road Randolph MS 38864 $1,000 00Scholarship-Ment Awards Register Caitlin E Smith 83 E Cleveland Ave Newark DE 19711 $1,000 00Scholarship-Ment Awards Register Cristal Vincent 47070 State Rte 46 New Waterford OH 44445 $1,000 00Scholarship-Ment Awards Register Crystal Bnckhouse 350 Spelman Lane Campus Box 507 Atlanta GA 30314 $1,000 00Scholarship-Ment Awards Register Heather Nicole Alpino 2472 Sarah Spence Ct Williamsburg VA 23785 $1,000 00Scholarship-Ment Awards Register Madhvi Jayalakshmi Venkatesh 14 Lorenzo Irvine CA 92614 $1,000 00Scholarship-Merit Awards Register Manako Yabe 18200 Acre Street Northridge CA 91325 $1,000 00Scholarship-Ment Awards Register Marcia Isabel Tornco 311 a Clinton Hall North Campus Buffalo NY 14261 $1,000 00Scholarship-Merit Awards Register Nkemka Esiobu 2620 Bogota Ave Hollywood, FL 33026-4510 $1,000 00Scholarship-Ment Awards Register Sarah Ann Hundt 2342 W 18th Street La Porte IN 46350 $1,000 00Scholarship-Ment Awards Register Shenna Maria Walters 1880 FAU Boulevard Box 475N Boca Raton FL 33431 $1,000 00Scholarship-Ment Awards Register Stefanie Faye Hebert 1270 E Stephensville Road Morgan City LA 70380 $1,000 00Scholarship-Merit Awards Register Thais Helene Miller 1916 Roscomare Road Los Angeles CA 90077 $1,000 00Scholarship-Ment Awards Register Timothy Van Tran 5604 178th Ave SE Bellevue WA 98006 $1,000 00Scholarship-Ment Awards Register Tiyana White 11527 E Quintana Ave Mesa AZ 85212 $1,000 00Scholarship-Ment Awards Register Zachary Mueller 5014 Stony Run Drive Reading PA 19606 $1,000.00Scholarship-Ment Awards Register Raymond Reyes Rollan 35386 Ratto Place Fremont CA 94536 $1,000 00Scholarship-Ment Awards Register Jesse Mae Prather 505 27th Way Apt 203 Boulder CO 80305 $1,000 00Scholarship-Merit Awards Register Danya Kaye Dickerson 2015 Trail Creek Circle Twin Falls, ID $1,000 00Scholarship-Ment Awards Register Chun-Xue Ren 1338 U Street NW Washington DC 20009 $1,000 00Scholarship-Ment Awards Register Cecil Ang 109 Kent Terrace Apt D Charlottesville VA 22903 $1,000 00Scholarship-Ment Awards Register Amberley Lemoine 3300 Windy Ridge Pkwy SE #1409 Atlanta GA 30339 $1,000 00Scholarship-Ment Awards Register Alyson Brennan 233 Widow Sweets Road Exeter RI 02822 $1,000 00Scholarship-Ment Awards Register Anthony Leimeister 775 Townhne Road 113 Norwalk OH 44857 $1,000 00Scholarship-Ment Awards Register Frances Ellen Leach 143 Arthur Drive Biscoe NC 27209 $1,000 00

Attachment A

List of Recipient ScholarsType of Scholarship Name Addressl Adress2 City, State Zip AmountScholarship-Scholar Abroad Register Michel Ohmer 10256 S Gwen De Fortuna Circle Yuma AZ 85367 $5,000 00Scholarship-Scholar Abroad Register School for International Training PO Box 676 Brattleboro VT 05302 $5,00000Scholarship-Scholar Abroad Register Brigham Young University A-41 ASB Provo UT 84602 $2,500 00Scholarship-Integnty Register Rice University Office of Financial Aid PO Box 1892 MS-12 Houston TX 77251-1892 $1,000 00Scholarship- Integnty Register University of California Regents 12-109 CHS Box 957020 Los Angeles CA 90095 $1,000 00Scholarship-Integnty Register University of Kansas Medical School Student Accounting Mail Stop 4008 Kansas City KS 66160 $1,000 00Scholarship-Graduate Register Michigan State University MSU Financial Aid 2522 Student Services East Lansing MI 48824 $5,000 00Scholarship-Graduate Register UC Berkeley School of Law, Financial Aid Office 5 Boalt Hall Berkeley CA 94705 $5,000 00Scholarship-Graduate Register Loyola University, School of Medicine 2160 S First Ave, Room 210 Bldg 120 Maywood IL 60153 $5,000 00Scholarship-Graduate Register Johns Hopkins University Office of Financial Aid, SAIS 1740 Massachusetts Ave, NW Washington DC 20036 $5,000 00Scholarship-Membership Register Sophia Obinyan 933 Church Lane Yeadon, PA 19050 $7500Scholarship-Membership Register Amy Yonina Panzok 76-08 172nd St Flushing, NY 11366 $75 00Scholarship-Membership Register Debbe Panzok 76-08 172nd St Flushing, NY 11366 $7500Scholarship-Membership Register Mano Louis 2418 Shelmire Ave Philadelphia, PA 19152 $7500Scholarship-Membership Register Grace Chepngeno Mantim 1414 1/2 Vermont Ave Boise, ID 83706 $7500Scholarship-Membership Register Rebecca Ashley Finberg 1908 Jasmine St Denton, TX 76205-7434 $7500Scholarship-Membership Register Justin M Looney 3360 Holland Cliffs Road Huntingtown, MD 20639 $75 00Scholarship-Membership Register Natalie Marie Neal 14310 Madison Oaks Blvd Walker, LA 70785 $7500Scholarship-Membership Register Dontay Jarod Allen 8821 Nw 85Th St Oklahoma City, OK 73132-4077 $7500Scholarship-Membership Register Jerryl Dennard Randolph 3801 Shadowindway Gotha, FL 34734 $75 00Scholarship-Membership Register Knstanecia S King 2655 Gateview Court Cummings, GA 30040 $75 00Scholarship-Membership Register Anastasios Kamoutsas 2651 NE 211th Ter Aventura, FL 33180-1119 $75 00Scholarship-Membership Register Shalyse Dawn Faust 201 W Alpine Cir Payson, AZ 85541 $75 00Scholarship-Membership Register India S Clark 7338 Ahem Avenue Saint Louis, MO 63130 $7500Scholarship-Membership Register Brukab Sisay 4048 S 148th St Tukwila, WA 98168-4323 $75 00Scholarship-Membership Register Thomas Skanah Vayald 7140 Commons West 1 East 700 South Halstred Chicago, IL 60607 $7500Scholarship-Membership Register Jason J Alexis 1932 Redoak Drive Adelphi, MD 20783 $7500Scholarship-Membership Register Nathan Heath 220 Croze Manor Apt 6 Harrison, MI 48625 $75 00Scholarship-Membership Register Nensha Phillip 690 S Clearwater Lane Apt 304 Boise, ID 83712 $7500Scholarship-Membership Register Stephanie Nahima Glick 1716 Fulton Ave Charlotte, NC 28205 $7500Scholarship-Membership Register Kendra A Rodwell 2819 Hemlock Ave Baltimore, MD 21214-1246 $7500Scholarship-Membership Register Andrea Mvemba 10136 Avenel Garden LA Silver Spring, MD 20903 $7500Scholarship-Membership Register Chamroeun Lim 15535 SE Francis St Portland, OR 97236 $7500Scholarship-Membership Register Alisha Lashawn Alexander 949 S 24th St Saginaw, MI 48601 $75 00Scholarship-Membership Register Duc Huynh Nguyen 8915 N Dexter Ave Tampa, FL 33604 $75 00Scholarship-Membership Register Kanto Dushaj 46101 Creekside Blvd Macmomb, MI 48044 $75 00Scholarship-Membership Register Tyler P Stalbaum 787 E Harmon Avenue Apt 1 Las Vegas, NV 89129 $7500Scholarship-Membership Register Rizwan Tai 7207 Fawn River Circle Spring, TX 77379 $75 00Scholarship-Membership Register Gabrielle An Nguyen 4800 Calhoun Rd Houston, TX 77004 $75 00Scholarship-Membership Register Sarah Whitney Harmon 56 Vintage Lane Campbellsvill, KY 42718 $7500Scholarship-Membership Register Godwyn Bond 210 East Albemarle St Edenton, NC 27932 $75 00Scholarship-Membership Register Ebony J Oakcrum 3380 Curtis Drive Apt 303 Suitland, MD 20746 $75 00Scholarship-Membership Register Jamie N Kovank 1629 W Cumberland Ave 74 Knoxville, TN 37916 $7500Scholarship-Membership Register Arthur E Bosarge 9885 Suburban Dr Fauhope, AL 36532 $75 00Scholarship-Membership Register Ashley Renee Elliott 485 Lewis Blvd Se Saint Petersburg, FL 32313 $7500Scholarship-Membership Register Travis Neal Strutzenberg 11333 Neenah Ave Worth, IL 60482 $7500Scholarship-Membership Register Jasmine Christina Johnson 1137 Whitshire Way Alpharetta, GA 30004 $75 00Scholarship-Membership Register Usman Liaqat 924 E Lowell Ave Salt Lake City, UT 84102 $75 00Scholarship-Membership Register Anna G Moore 2433 Sprang Street Woodridge, IL $75 00Scholarship-Membership Register Armaghan D Jahangin 11829 Summer Stream Dr Richmond, VA 23233-8707 $75 00Scholarship-Membership Register Carly Anne Deckelboim 1015 Lovers Lane Longview, TX 75604 $7500Scholarship-Membership Register Kamran Qayum Room 413 - Knox Hall 311 E Clark St Warrensburg, MO 64093 $75 00

List of Recipient ScholarsType of Scholarship Name Addressl Adress2 City, State Zip AmountScholarship-Membership Register Chih Li 236 Foch Ave Staten Island, NY 10305 $7500Scholarship-Membership Register Samik Kumar Upadhaya 1107 Watson Rd Mt Pleasant, MI 48858 $7500Scholarship-Membership Register Samantha Rentena 3516 N Catherine Dr Prescott Valley, AZ 86314 $7500Scholarship-Membership Register Natalia Cardona 17542 Sw 143Rd P1 Miami, FL 33177-6675 $7500Scholarship-Membership Register Shikha A Abraham 263-03 83Rd Avenue Floral Park, NY 11004-1603 $7500Scholarship-Membership Register Ellin Hossain 777 Glades Road Boca Raton, FL $75 00Scholarship-Membership Register Rebecca Christine Waggener 252 Jewelers Ridge Lilburn, GA 30047 $75 00Scholarship-Membership Register Randel Tomina 24100 Seneca St Oak Park, MI 48237 $7500Scholarship-Membership Register Steven Michael Weingarten 2102 Drummond Road Catonsville, MD 21228 $7500Scholarship-Membership Register Lauren Tobin $75 00Scholarship-Membership Register Whitney Danse 78 Gainsborough St Unit 303E Boston, MA 02115 $7500Scholarship-Membership Register Amanda Erin Stopa 2712 121St Ave Se Everett, WA 98205 $75 00Scholarship-Membership Register Joshua Calvin Laguerre 101 Cumerford St Providence, RI 02909 $7500Scholarship-Membership Register Richard Scott Thomas 2907 Old Mill Run Grapevine, TX 76051 $75 00Scholarship-Membership Register Tytianna T Twyman 6711 Pine Grove Drive Momingside, MD $75 00Scholarship-Membership Register Adrian Nichole Finch 1986 Brookway Crescent Ontario, NY 14519 $7500Scholarship-Membership Register Jesus Gomez 8535 Candlegreen Ln Houston, TX 77071-2424 $7500Scholarship-Membership Register Marquita S Hardy 3062 Stanton Rd S E Apt 303 Washington, DC 200207870 $75 00Scholarship-Membership Register Taiwo Aderinola Adebowale 234 W Savannah Dr Romeoville, IL 60446 $75 00Scholarship-Membership Register Shailendra Gyawah 150 East Bulldog Boulevard 1230 North Provo, UT 84602 $75 00Scholarship-Membership Register Brittany Annette Bennett 187 W Miller Ave Akron, OH 44301-1140 $75 00Scholarship-Membership Register Savanna Gayle Sloan 1925 8th Ave apt 8A tuscaloosa, AL 35401 $7500Scholarship-Membership Register Ashley Dawn Miskoff 5301 NW 123rd Ter Coral Springs, FL 33076-3402 $75 00Scholarship-Membership Register Bianca G Bagdocimo One University Parkway Romeoville, IL 60446 $75 00Scholarship-Membership Register Andre D Camarena 8747 Ardendale Ave San Gabriel, CA 91775 $7500Scholarship-Membership Register Kristine Fishel 14740 Oak Grove Dr Apt 67 Doylestown, OH 44230 $75 00Scholarship-Membership Register Rachel Diane Webb 8804 Newell Court Springfield, VA 22153 $7500Scholarship-Membership Register Knsthy Salazar 84 Lenape Trail Washington, NJ 07882 $75 00Scholarship-Membership Register Ngozi N Emuchay 326 Illinois Ave Glenwood, IL 60425 $75 00Scholarship-Founding Officer Register Tiara Kathleen Norris 8856 Knauf Rd Canfield, OH 44406 $75 00Scholarship-Founding Officer Register Devin Worthy-Carr 1601 Maple Street 12925 Carrollton, GA 30118 $7500Scholarship-Founding Officer Register Amanda Hackney $75 00Scholarship-Founding Officer Register Stania Gabrielle Philizaire 1205 Maple St Carrollton, GA 30017 $7500Scholarship-Founding Officer Register Sophie Azout 415 South Street MB 1330 Waltham, MA 02454 $7500Scholarship-Founding Officer Register Hannah Rios 6802 Utsa Blvd Apt 9301 San Antonio, TX 78249 $75 00Scholarship-Founding Officer Register Stephanie Nieves $75 00Scholarship-Founding Officer Register Micheal Mcallister $75 00Scholarship-Founding Officer Register Chahadda Aiken $75 00Scholarship-Founding Officer Register Vaidra Boston $75 00Scholarship-Founding Officer Register Deanna Peterson $75 00Scholarship-Program Register Rita Shah 21 Mary Ann Court North Providence RI 02904-3703 $171 00Scholarship-Program Register Patrick Wade 7442 Blue Creek S Drive Indianapolis IN 46256 $171 00Scholarship-Program Register Andrew Shelnut 915 Selma Blvd Staunton VA 24401 $171 00Scholarship-Program Register New York Life Insurance Company 51 Madison Avenue New York NY 10010 -$60000Scholarship-Program Register Michael Wesch 204 Waters Hall KSU Manhattan, KS 66506 $250 00Scholarship-Program Register Thomas A Schwartz 324 West 32nd St Houston, TX 77018 $25000Scholarship-Program Register Robert Stapp $250 00Scholarship-Program Register Reuben Ward Rhees $250 00Scholarship-Program Register Rhythm McCarthy $250 00Scholarship-Program Register William R Freudenburg $250 00Scholarship-Program Register Christine S Davis 147 Shenango Avenue Sharon, PA $250 00Scholarship-Program Register Clemens Heske 4505 Maryland Parkway Mail Stop 454003 Las Vegas, NV 89154 $250 00

List of Recipient Scholars-Type of Scholarship Name Addressl Adress2 City , State Zip AmountScholarship-Program Register Guy A Caldwell $250 00Scholarship-Program Register Kenneth J Takeuchi $1,000 00Scholarship-Program Register Igor Strakovsky $250 00Scholarship-Program Register Jason Edward Black $250 00Scholarship-Program Register Valerie Dean O'Loughlin $250 00Scholarship-Program Register Linda Bolton $3,250 00Scholarship-Program Register Julia Mantey $1,000 00Scholarship-Faculty of the year Register Alain Philippe Durand $250 00EY General Book Scholarship Register Charlene Rhinehart 8016 S Union Chicago IL 60620 $50000EY General Book Scholarship Register Maksim Altmark 2 Third Tee Court Baltimore MD 21209 $50000EY Accounting Book Scholarship Register Nicole R Smith 12316 Olympic Club Drive Charlotte NC 28277 $25000EY Accounting Book Scholarship Register Lauren Hunt 6301 Almeda road #1145 Houston TX 77021 $250 00EY Accounting Book Scholarship Register Juliana Khoun 3225 Elaine Drive, NW Cedar Rapids IA 52405 $250 00

$102,313.00

Form 8868 (Rev. 4-2008) Page 2

• If you are fling for an Additional (Not Automatic) 3-Month Extension, complete only Part II and check this box ►Note. Only complete Part II if you have already been granted an automatic 3-month extension on a previously filed Form 8868.• If you are filing for an Automatic 3-Month Extension, complete only Part I (on page 1).

: Patt;ll Additional (Not Automatic) 3-Month Extension of Time. You must file original and one copy.

TypeName of Exempt Organization I- ' r'' ;Employer identification number

printNATIONAL SOCIETY OF COLLEGIATE SCHOLARS ?1m=.,,.^_ 52-1870777

File by Neextended Number, street, and room or suite no. If a P.O. box, see instructions . For IRS use onlydue We for DUPONT CIRCLE NW, NO. 650sing owr°aan . Sao ty, town or post office , state, and ZIP code . For a foreign address , see instructions . . • ,; ,"^ ; " 7i='} " ' , " j

LA'"etr1C"°"° SHINGTON , DC 20036Check type of return to be filed (File a separate application for each return):

Form 990 O Form 990-EZ =Form 990-T (sec . 401(a) or 408(a) trust) El Form 1041 •A U Form 5227 Fort 8870

Q Form 990-BL LI Form 990-PF Q Form 990-T (trust other than above) 0 Form 4720 U] Form 6069

STOP ! Do not complete Part II If you were not already granted an automatic 3-month extension on a previously filed Form 8868.

• The books are in the care of ► THE ORGANIZATION

Telephone No. ► 2 0 2- 2 6 5- 9 00 0 FAX No. ►• If the organization does not have an office or place of business In the United States, check this box ► Q• If this is for a Group Return, enter the organization 's four digit Group Exemption Number (GEN) . If this is for the whole group, check this

box ► 0 . If it is for part of the group, check this box ►0 and attach a list with the names and EINs of all members the extension is for.

4 1 request an additional 3-month extension of time until MAY 15 , 2009

5 For calendar year , or other tax year beginning JUL 1, 2007 , and ending JUN 3 0 , 2 0 0 86 If this tax year is for less than 12 months , check reason: Initial return Final return L-i Change in accounting period

7 State in detail why you need the extension

ADDITIONAL TIME IS NEEDED TO FILE A COMPLETE AND ACCURATE RETURN.

Se If this application is for Form 990-BL, 990-PF, 990-T, 4720, or 6069, enter the tentative tax, less any

nonrefundable credits . See instructions.

b If this application is for Form 990-PF, 990-T, 4720, or 6069, enter any refundable credits and estimated

tax payments made. Include any prior year overpayment allowed as a credit and any amount paid

previously with Form 8868.

c Balance Due. Subtract line 8b from line 8a. Include your payment with this form, or, if required, deposit

with FTD coupon or, If required, by using EFTPS (Electronic Federal Tax Payment System). See instructic N/ASignature and Verification

Under penaltie perjury, I declare that I have examined this form, including accompanying schedules and statements, and to the best of my knowledge and belief,it is true, corr nd complete, a d at I a uthorized to prepare this form.

Signature ► fAN- LA (^i TtIe ► ^_ t - - Date ► 2,11 ^1;1 LTI-(Rev. 4-2008)

72383204-10-na

• Form 8868

(Rev. April 2008)

Department of the TreasuryInternal Revenue Service ► File a for each return .

OMB No. 1545-1709

• If you are filing for an Automatic 3-Month Extension , complete only Part I and check this box . ...... . . ... . . . . . . . ►• If you are filing for an Additional (Not Automatic) 3-Month Extension , complete only Part II (on page 2 of this form).Do not complete Part 11 unless you have already been granted an automatic 3-month extension on a previously filed Form 8868.

Part'1 Automatic 3-Month Extension of Time. Only submit original (no copies needed).

A corporation required to file Form 990•T and requesting an automatic 6-month extension - check this box and complete

Part I only ► EJ

All other corporations (including 1120-C filers), partnerships, REM/Cs, and trusts must use Form 7004 to request an extension of timeto file income tax returns.

Electronic Filing (e-file). Generally, you can electronically file Form 8868 if you want a 3-month automatic extension of time to file one of the returnsnoted below (8 months for a corporation required to file Form 990•T). However, you cannot file Form 8868 electronically if (1) you want the additional(not automatic) 3-month extension or (2) you file Forms 990-BL, 6069, or 8870, group returns, or a composite or consolidated Form 990-T. Instead,you must submit the fully completed and signed page 2 (Part II) of Form 8868. For more details on the electronic filing of this form, visitwww.irs.gov/ef1e and click on a-file for Charities & Nonprofits.

Type or

print

File by the

due date fv

fixng your

return. See

Instructions

Name of Exempt Organization Employer identification number


Number, street , and room or suite no. If a P.O. box, see instructions.11 DUPONT CIRCLE NW, NO. 650City, town or post office , state, and ZIP code. For a foreign address, see instructions.WASHINGTON, DC 20036

Check type of return to be filed (file a separate application for each return):

® Form 990 Form 990-T (corporation ) Form 4720

Form 990-BL 0 Form 990-T (sec . 401(a) or 408(a) trust) Form 5227

Form 990-EZ Form 990-T (trust other than above) Form 6069

Form 990•PF Form 1041-A Form 8870

• The books are in the care of ► THE ORGANIZATION202-265 -9000 FAX No.POP-

If the organ ization does not have an office or place of business in the United States, check this box _ - ► Q• If this is for a Group Return , enter the organization 's four digit Group Exemption Number (GEN) . If this is for the whole group, check this

box ► = . If It is for part of the group , check this box ►Q and attach a list with the names and EINs of all members the extension will cover.

I request an automatic 3-month (6-months for a corporation required to file Form 990-T) extension of time until

FEBRUARY 16, 2009 , to file the exempt organization return for the organization named above. The extension

is for the organization 's return for:

► calendar year or

►® tax year beginning JUL 1, 2007 , and ending JUN 30, 2008

2 If this tax year Is for less than 12 months , check reason : Q Initial return Q Final return

3a If this application is for Form 990 -BL, 990 -PF, 990-T, 4720, or 6069, enter the tentative tax, less any

nonrefundable credits.

b If this application is for Form 990-PF or 990-T, enter any refundable credits and estimated

tax payments made.

Application for Extension of Time To File anExempt Organization Return

allowed as

c Balance Due. Subtract line 3b from line 3a. Include your payment with this form, or, if required,

deposit with FTD coupon or, if required, by using EFTPS (Electronic Federal Tax Payment System).

See instructions. N/A

Caution . If you are going to make an electronic fund withdrawal with this Form 8868 , see Form 8453-EO and Form 8879-EO for payment instructions.

LHA For Privacy Act and Paperwork Reduction Act Notice, see Instructions. Form 8868 (Rev. 4-2008)

0 Change In accounting period

3a

3b

72383104-10-08

returnoforganization exemptfromincometax...

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