2026-05-15T09:28:46-05:00 2025-06-30 991856619 GRANT THORNTON ADVISORS LLC 1000 WILSON BOULEVARD SUITE 1500 ARLINGTON VA 22209 990 2024-07-01 271255674 NATL STUDENT CLEARINGHOUSE RESEARCH CENTER NATL 7037424200 2300 DULLES STATION BLVD 220 HERNDON VA 20171 ANDREW SICLARI CHIEF FINANCIAL OFFICER 7037425507 2026-05-15 1 1 MARY TORRETTA P00847851 7038477500 2024 2025-03-06 01:10:19Z X DOUGLAS SHAPIRO 2300 DULLES STATION BLVD 220 HERNDON VA 20171 4083886 0 X WWW.NSCRESEARCHCENTER.ORG X 2009 VA TO SUPPORT THE EDUCATION & RESEARCH PROGRAMS & ACTIVITIES OF NATIONAL STUDENT CLEARINGHOUSE. X 9 9 0 9 0 0 3152378 4033328 0 0 54321 50558 0 0 3206699 4083886 0 0 0 0 4805590 3254811 0 0 0 2770702 3630732 7576292 6885543 -4369593 -2801657 3495413 0 31752253 0 -28256840 0 X TO SUPPORT THE EDUCATION AND RESEARCH PROGRAMS AND ACTIVITIES OF NATIONAL STUDENT CLEARINGHOUSE. 1 1 4999456 0 0 NATIONAL STUDENT CLEARINGHOUSE RESEARCH CENTER (NSCRC) MAINTAINS, ENHANCES, AND IMPROVES A NATIONAL PLATFORM FOR POST SECONDARY INSTITUTIONAL RESEARCH, ACCOUNTABILITY AND SUSTAINABLE CONTINUOUS IMPROVEMENT. 4999456 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 1 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 1 0 0 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 X ANDREW SICLARI 7037425507 2300 DULLES STATION BLVD NO 220 HERNDON VA 201716350 DR SHARON MORRISEY BOARD CHAIR 8.00 15.00 X X 0 0 0 DR BARBARA BRITTINGHAM BOARD VICE CHAIR 8.00 15.00 X X 0 0 0 DR DEBRA CHROMY DIRECTOR 8.00 15.00 X 0 0 0 DR THOMAS BROCK DIRECTOR 8.00 0.00 X 0 0 0 DR BRIAN PRESCOTT DIRECTOR 3.00 0.00 X 0 0 0 DR NICOLE SMITH DIRECTOR 8.00 0.00 X 0 0 0 DR MARSAL STOLL DIRECTOR 8.00 0.00 X 0 0 0 DR DAVID TROUTMAN DIRECTOR 3.00 0.00 X 0 0 0 DR CARISSA MOFFAT MILLER DIRECTOR 8.00 0.00 X 0 0 0 MARY CHAPIN SECRETARY 5.00 35.00 X 0 486034 37053 DR DOUGLAS SHAPIRO EXECUTIVE DIRECTOR 35.00 5.00 X 0 348220 36549 ERIN SERAYDIAN CHIEF FINANCIAL OFFICER (THRU 3/24) 1.00 4.00 X 0 145320 15855 ANDREW SICLARI CHIEF FINANCIAL OFFICER (AS OF 7/24) 5.00 35.00 X 0 148077 26929 SANDHYA JHA TECHNICAL LEAD 40.00 0.00 X 0 199116 51461 KEN MCVEARRY SR MGR PDP CLIENT & P.SHIP 40.00 0.00 X 0 142086 47409 PAUL WRIGHT MGR PRODUCT OPERATIONS 40.00 0.00 X 0 143177 39440 WENMING DING ENG SOFTWARE 40.00 0.00 X 0 138398 17320 VICTOR R GARCIA COLLADO ENG QUALITY ASSURANCE 40.00 0.00 X 0 134913 40855 0 1885341 312871 8 0 1 0 0 4033328 4033328 50558 50558 4083886 0 0 50558 402720 402720 2082805 2082805 769286 769286 557063 557063 59 59 914582 914582 134604 134604 98178 98178 SUPPORTING SERVICES 1886087 1886087 TRAINING & DEVELOPMENT 38700 38700 BANK FEES 1459 1459 6885543 4999456 1886087 0 0 3068048 0 0 0 0 0 0 0 0 400311 0 0 0 27054 0 0 0 0 0 0 0 0 0 3495413 0 200517 0 1932117 0 29619619 0 31752253 0 X -28256840 0 -28256840 0 3495413 0 X -2801657 31058497 X 0 1 X 1 0 X X X 1 NATIONAL STUDENT CLEARINGHOUSE 521836384 10 1 0 1886087 1 0 1886087 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 X PART X, LINE 2: LIABILITY FOR UNCERTAIN TAX POSITIONS: THE CLEARINGHOUSE HAS DETERMINED THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRED RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. 0 0 0 0 0 0 0 0 0 MARY CHAPIN SECRETARY 0 396102 0 84774 0 5158 0 34500 0 2553 0 523087 0 0 DR DOUGLAS SHAPIRO EXECUTIVE DIRECTOR 0 295570 0 40375 0 12275 0 33996 0 2553 0 384769 0 0 SANDHYA JHA TECHNICAL LEAD 0 186009 0 4070 0 9037 0 18995 0 32466 0 250577 0 0 KEN MCVEARRY SR MGR PDP CLIENT & P.SHIP 0 133325 0 4833 0 3928 0 15603 0 31806 0 189495 0 0 PAUL WRIGHT MGR PRODUCT OPERATIONS 0 137558 0 0 0 5619 0 14598 0 24842 0 182617 0 0 VICTOR R GARCIA COLLADO ENG QUALITY ASSURANCE 0 132093 0 2066 0 754 0 13698 0 27157 0 175768 0 0 ANDREW SICLARI CHIEF FINANCIAL OFFICER (AS OF 7/24) 0 145235 0 0 0 2842 0 14808 0 12121 0 175006 0 0 ERIN SERAYDIAN CHIEF FINANCIAL OFFICER (THRU 3/24) 0 104141 0 40500 0 679 0 10385 0 5470 0 161175 0 0 WENMING DING ENG SOFTWARE 0 133777 0 0 0 4621 0 14231 0 3089 0 155718 0 0 SCHEDULE J, PART I, LINE 3: NATIONAL STUDENT CLEARINGHOUSE RESEARCH CENTER RELIES ON ITS PARENT, NATIONAL STUDENT CLEARINGHOUSE (NSC) TO DETERMINE COMPENSATION FOR NSCRC'S EXECUTIVE DIRECTOR. NATIONAL STUDENT CLEARINGHOUSE USES AN EXECUTIVE COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OF DIRECTORS TO DETERMINE REASONABLE COMPENSATION. CASH 2025-06-17 2591003 COST 521836384 NATIONAL STUDENT CLEARINGHOUSE 2300 DULLES STATION BLVD HERDON VA 201716350 501(C)(3) PREPAID EXPENSES 2025-06-17 38857 COST 521836384 NATIONAL STUDENT CLEARINGHOUSE 2300 DULLES STATION BLVD HERDON VA 201716350 501(C)(3) FIXED ASSETS 2025-06-17 27054 COST 521836384 NATIONAL STUDENT CLEARINGHOUSE 2300 DULLES STATION BLVD HERDON VA 201716350 501(C)(3) 1 1 0 0 1 1 1 1 0 PART I, LINE 2E: EXPLANATION OF INVOLVEMENT: NATIONAL STUDENT CLEARINGHOUSE RESEARCH CENTER IS TRANSFERRING ALL OF ITS ASSETS INTO NATIONAL STUDENT CLEARINGHOUSE, A RELATED 501(C)(3) ORGANIZATION, IN CONNECTION WITH A DISSOLUTION. THE ENTITIES HAVE OVERLAPPING INDIVIDUALS SERVING AS OFFICERS AND DIRECTORS OF BOTH ORGANIZATIONS.NATIONAL STUDENT CLEARINGHOUSE IS DESIGNATED AS THE SUPPORTED ORGANIZATION OF NATIONAL STUDENT CLEARINGHOUSE RESEARCH CENTER AND HAS EFFECTED THE DISSOLUTION PURSUANT TO ITS ORGANIZING DOCUMENTS. FORM 990, PART III, LINE 2 EFFECTIVE JUNE 30, 2025, THE NATIONAL STUDENT CLEARINGHOUSE RESEARCH CENTER WAS FORMALLY DISSOLVED AS A SEPARATE LEGAL ENTITY. FORM 990, PART III, LINE 3 EFFECTIVE JUNE 30, 2025, THE NATIONAL STUDENT CLEARINGHOUSE RESEARCH CENTER WAS FORMALLY DISSOLVED AS A SEPARATE LEGAL ENTITY. FORM 990, PART V, LINE 2A FORM W-3: NATIONAL STUDENT CLEARINGHOUSE ("NSC"), A RELATED ORGANIZATION, REPORTED ISSUING 406 FORMS W-2 ON ITS 2024 FORM W-3; HOWEVER, OF THIS AMOUNT, 80 NSC EMPLOYEES PERFORMED WORK FOR GRANTS RECEIVED FROM NSCRC. FORM 990, PART VI, SECTION A, LINE 4 SIGNIFICANT CHANGES TO ORGANIZING DOCUMENTS: EFFECTIVE JUNE 30, 2025, THE NATIONAL STUDENT CLEARINGHOUSE RESEARCH CENTER WAS FORMALLY DISSOLVED AS A SEPARATE LEGAL ENTITY. THE DISSOLUTION WAS APPROVED BY THE BOARD OF DIRECTORS AS PART OF A STRATEGIC REALIGNMENT OF ORGANIZATIONAL STRUCTURE AND OPERATIONS. ALL ASSETS AND LIABILITIES OF THE ORGANIZATION WERE TRANSFERRED TO NATIONAL STUDENT CLEARINGHOUSE, A RELATED TAX-EXEMPT ENTITY. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OR STOCKHOLDERS WHO MAY ELECT: NSC, A RELATED ORGANIZATION, ELECTS THE BOARD MEMBERS OF NSCRC. FORM 990, PART VI, SECTION A, LINE 7B RIGHTS RESERVED TO MEMBERS OR STOCKHOLDERS: NSC, A RELATED ORGANIZATION, ELECTS THE BOARD MEMBERS OF NSCRC. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS: FORM 990 IS PREPARED BY THE FINANCE DEPARTMENT AND REVIEWED BY INDEPENDENT TAX ADVISORS. IN ACCORDANCE WITH NSC'S POLICY, A COMPLETE FORM 990 IS PRESENTED TO THE FULL BOARD OF DIRECTORS FOR REVIEW. FORM 990 IS REVIEWED BY ALL MEMBERS OF THE BOARD PRIOR TO THE SUBMISSION OF THE FORM TO THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY: BOARD MEMBERS ARE PROVIDED WITH THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS AND REQUIRED TO COMPLETE A FORM ACKNOWLEDGING THE POLICY AND DISCLOSING ANY CONFLICTS. THE POLICY INCLUDES A REQUIREMENT THAT ANY NEW CONFLICTS THAT MAY ARISE DURING THE COURSE OF THE YEAR BE REPORTED TO THE CHAIRMAN OF THE BOARD. PROCEDURES FOR EVALUATING POTENTIAL CONFLICTS ARE INCORPORATED IN THE POLICY. ANY DIRECTOR WHO MAY BE INVOLVED IN AN NSCRC BUSINESS TRANSACTION IN WHICH THERE IS A POSSIBLE CONFLICT OF INTEREST SHALL PROMPTLY NOTIFY THE CHAIRMAN OF THE BOARD. THE CHAIRMAN, OR AT THE DIRECTION OF THE CHAIRMAN, THE PRESIDENT OF NSCRC SHALL PROMPTLY INFORM THE ENTIRE BOARD OF SUCH POTENTIAL CONFLICT. THE AFFECTED DIRECTOR SHALL NOT VOTE ON ANY SUCH TRANSACTION, PARTICIPATE IN DELIBERATIONS CONCERNING IT, OR USE PERSONAL INFLUENCE IN ANY WAY IN THE MATTER. THE DIRECTOR WILL BE EXCUSED FROM THE PORTION OF ANY MEETING DISCUSSING THE TRANSACTION AND THE DIRECTOR'S PRESENCE MAY NOT BE COUNTED IN DETERMINING THE QUORUM FOR ANY VOTE WITH RESPECT TO A NSCRC BUSINESS TRANSACTION IN WHICH HE OR SHE HAS A POSSIBLE CONFLICT OF INTEREST. FURTHERMORE, THE DIRECTOR, OR THE CHAIRMAN IN THE DIRECTOR'S ABSENCE, SHALL NOTE A POTENTIAL CONFLICT OF INTEREST TO THE OTHER DIRECTORS BEFORE ANY VOTE ON A NSCRC BUSINESS TRANSACTION AND SUCH DISCLOSURE SHALL BE RECORDED IN THE MINUTES OF THE MEETING AT WHICH IT WAS MADE. IN THE EVENT THE POTENTIAL CONFLICT INVOLVES THE CHAIRMAN OF THE BOARD, THE VICE CHAIRMAN SHALL ACT IN THE PLACE OF THE CHAIRMAN FOR THE PURPOSES OF THIS POLICY. ANY BOARD OF DIRECTORS SHALL NOT APPROVE ANY TRANSACTION WHICH INVOLVES A POTENTIAL CONFLICT OF INTEREST WITH A DIRECTOR UNLESS AND UNTIL THE BOARD OF DIRECTORS HAS SPECIFICALLY AND IN GOOD FAITH DETERMINED AFTER REASONABLE INVESTIGATION (INCLUDING A REVIEW OF THE TERMS UPON WHICH OTHER COMPARABLE ORGANIZATIONS ENTER TRANSACTIONS OR ARRANGEMENTS SIMILAR TO THE ONE UNDER CONSIDERATION) THAT: A. THE BOARD IS AWARE OF ALL MATERIAL FACTS CONCERNING THE TRANSACTION AND THE DIRECTOR OR OFFICER'S INTEREST IN THE TRANSACTION; B. NSCRC IS ENTERING INTO THE TRANSACTION FOR ITS OWN BENEFIT; C. THE TRANSACTION IS FAIR AND REASONABLE AS TO NSCRC; AND D. NSCRC COULD NOT HAVE OBTAINED A MORE ADVANTAGEOUS ARRANGEMENT WITH REASONABLE EFFORT UNDER THE CIRCUMSTANCES. MANAGEMENT SHALL BE RESPONSIBLE FOR PROVIDING THE BOARD WITH SUFFICIENT INFORMATION SO THAT THE BOARD CAN ASSESS THE FAIRNESS AND REASONABLENESS OF THE COMPENSATION INVOLVED. NSCRC MUST CONDUCT PERIODIC REVIEWS TO ENSURE THAT ALL COMPENSATION ARRANGEMENTS, PARTNERSHIPS, JOINT VENTURES, AND OTHER TRANSACTIONS INVOLVING DIRECTORS AND OFFICERS ARE REASONABLE, REFLECT ARM'S LENGTH BARGAINING, AND FURTHER CHARITABLE PURPOSES, AND DO NOT RESULT IN UNREASONABLE BENEFIT TO THE DIRECTOR OR OFFICERS OR ANY OTHER PRIVATE SHAREHOLDER OR INDIVIDUAL. WHEN CONDUCTING THESE REVIEWS, NSCRC MAY, BUT NEED NOT, USE OUTSIDE ADVISORS. ANY USE OF OUTSIDE ADVISORS, HOWEVER, SHALL NOT RELIEVE THE BOARD OF DIRECTORS OF ITS RESPONSIBILITY FOR CONDUCTING THE PERIODIC REVIEWS. A COPY OF THIS POLICY MUST BE FURNISHED TO ALL INCUMBENT AND INCOMING DIRECTORS AND OFFICERS OF NSCRC ON AN ANNUAL BASIS. EACH DIRECTOR AND OFFICER SHALL ANNUALLY SIGN A STATEMENT THAT AFFIRMS THAT HE OR SHE HAS RECEIVED A COPY OF THIS POLICY, HAS READ AND UNDERSTANDS THE POLICY, AND HAS AGREED TO COMPLY WITH THIS POLICY, IN ADDITION TO A COPY OF THE ATTACHED DISCLOSURE FORM AND A CURRENT COPY OF THE DIRECTOR'S RESUME TO THE EXECUTIVE DIRECTOR OF NSCRC. FORM 990, PART VI, SECTION B, LINE 15 PROCESS FOR DETERMINING COMPENSATION: THE BOARD OF DIRECTORS OF NSC CONDUCTS AN INDEPENDENT OUTSIDE COMPENSATION ANALYSIS FOR THE CEO EACH YEAR THAT IS USED TO MONITOR THE APPROPRIATENESS OF HIS COMPENSATION. A SIMILAR PROCESS IS COMPLETED BY THE CHIEF PEOPLE OFFICER FOR THE OTHER EXECUTIVES, INCLUDING THOSE EXECUTIVES PERFORMING SERVICES FOR NSCRC. PERIODICALLY, NSC HIRES AN OUTSIDE FIRM TO CONDUCT A COMPENSATION ANALYSIS FOR THE NON-EXECUTIVE EMPLOYEE POSITIONS. AS PART OF OUR ANNUAL REVIEW PROCESS, ANOTHER OUTSIDE FIRM CONDUCTS THE PERFORMANCE RATINGS ANALYSIS TO ASSESS CONSISTENCY AND FAIRNESS. AT MERIT INCREASE TIME, THE CHIEF PEOPLE OFFICER DOES A REVIEW OF COMPENSATION BY WORKGROUP TO DETERMINE WHETHER ANY ADJUSTMENTS ARE REQUIRED TO BRING PEOPLE WITH LIKE POSITIONS AND EXPERIENCE TO A COMPARABLE COMPENSATION LEVEL. THE ASSESSMENTS INCLUDED THOSE EMPLOYEES PERFORMING SERVICES FOR NSCRC. THE BOARD OF NSC APPROVES THE COMPENSATION OF THE CEO AND OTHER OFFICERS. DELIBERATIONS AND DECISIONS ARE DOCUMENTED CONTEMPORANEOUSLY IN THE MINUTES OF THE BOARD OF DIRECTORS. A GROUP OF INDEPENDENT PERSONS WHO SERVE ON THE BOARD OF DIRECTORS EVALUATE EXTERNAL COMPENSATION DATA FROM COMPARABLE INSTITUTIONS, DISCUSS THEIR REVIEW, AND CONTEMPORANEOUSLY DOCUMENT THEIR CONCLUSION THAT THE TOTAL COMPENSATION PAID TO SUCH PERSONS IS REASONABLE. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC: GOVERNING DOCUMENTS, INCLUDING THE CONFLICT OF INTEREST POLICY, ARE AVAILABLE TO THE PUBLIC BY REQUEST TO THE CORPORATE SECRETARY. FINANCIAL STATEMENTS ARE AVAILABLE TO PARTICIPANTS IN OUR SERVICES UNDER THE TERMS OF OUR CONTRACTS WITH THEM AND TO INDIVIDUALS BY REQUEST TO THE TREASURER. FORM 990, PART XI, LINE 9: TRANSFER OF ASSETS AND LIABILITIES TO NATIONAL STUDENT CLEARINGHOUSE 31,058,497. NATIONAL STUDENT CLEARINGHOUSE 2300 DULLES STATION BLVD 220 HERNDON VA 201716350 521836384 EDUCATION VERIFICATION VA 501(C)(3) LINE 10 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 0 NATIONAL STUDENT CLEARINGHOUSE N 604732 COST NATIONAL STUDENT CLEARINGHOUSE O 1281355 COST NATIONAL STUDENT CLEARINGHOUSE R 2656914 COST