AMERICAN ACADEMY OF ACTUARIES: Form 990, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- AMERICAN ACADEMY OF ACTUARIES (EIN 36-6142798)
- Tax period
- 2020-01-01 to 2020-12-31
- Filed
- 2021-11-15
- IRS object ID
- 202103199349300130
- Schema version
- 2020v4.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-11-15T06:31:56-06:00 | ReturnTs |
| Tax Period End | 2020-12-31 | TaxPeriodEndDt |
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2020-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 366142798 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | American Academy of Actuaries | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % Thomas Hopkins | InCareOfNm |
| Business Name Control | AMER | BusinessNameControlTxt |
| Phone | 2022238196 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1850 M Street NW Ste 300 | AddressLine1Txt |
| City | Washington | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20036 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | THOMAS HOPKINS | PersonNm |
| Person Title | Chief Financial Officer | PersonTitleTxt |
| Phone | 2022238196 | PhoneNum |
| Signature | 2021-11-15 | SignatureDt |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | THOMAS | PersonFirstNm |
| Person Last | HOPKINS | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 0 | TrustedCustomerCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | WILLIAM MICHALISIN | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1850 M Street NW Ste 300 | AddressLine1Txt |
| City | Washington | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20036 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $20,381,165 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | www.actuary.org | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1966 | FormationYr |
| Legal Domicile State | IL | LegalDomicileStateCd |
| Activity Or Mission | The Academys mission is to serve the public and the United States actuarial profession | ActivityOrMissionDesc |
| Voting Members Governing Body | 21 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 21 | VotingMembersIndependentCnt |
| Total Employee | 44 | TotalEmployeeCnt |
| Total Volunteers | 1100 | TotalVolunteersCnt |
| Total Gross UBI | $255,147 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $44,620 | NetUnrelatedBusTxblIncmAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $12,958,605 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $12,967,110 | CYProgramServiceRevenueAmt |
| PY Investment Income | $643,544 | PYInvestmentIncomeAmt |
| CY Investment Income | $788,908 | CYInvestmentIncomeAmt |
| PY Other Revenue | $394,406 | PYOtherRevenueAmt |
| CY Other Revenue | $255,147 | CYOtherRevenueAmt |
| PY Total Revenue | $13,996,555 | PYTotalRevenueAmt |
| CY Total Revenue | $14,011,165 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $118,000 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $138,000 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $6,435,514 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $6,901,469 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $7,058,346 | PYOtherExpensesAmt |
| CY Other Expenses | $5,727,828 | CYOtherExpensesAmt |
| PY Total Expenses | $13,611,860 | PYTotalExpensesAmt |
| CY Total Expenses | $12,767,297 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $384,695 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $1,243,868 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $23,485,388 | TotalAssetsBOYAmt |
| Total Assets EOY | $27,192,112 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $10,626,672 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $11,994,365 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $12,858,716 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $15,197,747 | NetAssetsOrFundBalancesEOYAmt |
| Mission | The Academy's mission is to serve the public and the United States actuarial profession. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Desc | Provided independent and objective actuarial information, analysis, and education for the formation of public policy; Identified and addressed issues on behalf of the public in matters where actuarial science provided an understanding; Increased the public's understanding and recognition of the value of the actuarial profession; Facilitated and coordinated issues of common interest among the U.S.-based actuarial associations; and, coordinated the representation of the U.S. profession globally. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Established and improved standards of actuarial practice. These Actuarial Standards of Practice (ASOPs) identify what the actuary should consider, document, and disclose when performing an actuarial assignment. Set standards for appropriate practice in the United States. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Strengthened members' adherence to the recognized standards of of ethical and professional conduct. Responded to actuaries' request for guidance on professional issues and considered complaints about possible violations of the actuarial Code(s) of Professional Conduct and conducted educational outreach efforts. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | Yes (true) | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (true) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | Yes (true) | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 42 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 44 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | Yes (true) | NondeductibleContributionsInd |
| Nondeductible Contri Discl | Yes (true) | NondeductibleContriDisclInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 21 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 21 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (true) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | false | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | THOMAS HOPKINS | PersonNm |
| Phone | 2022238196 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1850 M Street NW Ste 300 | AddressLine1Txt |
| City | Washington | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20036 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (40 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| TOM CAMPBELL | ||||||||
| PresPres Elect | 3.000 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| MARYELLEN COGGINS | ||||||||
| President Elect | 3.000 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| JOEFF WILLIAMS | ||||||||
| Imm Past Pres and Pres | 3.000 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| SHAWNA ACKERMAN | ||||||||
| Immediate Past Pres | 3.000 | Yes (X) | $0 | $0 | $0 | |||
| STEPHEN ALBERT | ||||||||
| Penultimate President | 3.000 | Yes (X) | $0 | $0 | $0 | |||
| CATHY MURPHY-BARRON | ||||||||
| SecretaryTreasurer | 3.000 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| LAUREN CAVANAUGH | ||||||||
| VP Casualty | 1.000 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| LAURA HANSON | ||||||||
| VP Life | 1.000 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| AL SCHMITZ | ||||||||
| VP Health | 1.000 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| TIM GEDDES | ||||||||
| Vp Pension | 1.000 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| GARETH KENNEDY | ||||||||
| VP Risk Mgt Fin Rept | 1.000 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| AL BINGHAM | ||||||||
| VP Professionalism | 1.000 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| MARGARET BERGER | ||||||||
| Director | 1.000 | Yes (X) | $0 | $0 | $0 | |||
| ANDY FERRIS | ||||||||
| Director | 1.000 | Yes (X) | $0 | $0 | $0 | |||
| AARON WEINDLING | ||||||||
| Director | 1.000 | Yes (X) | $0 | $0 | $0 | |||
| CHRIS CARLSON | ||||||||
| Director | 1.000 | Yes (X) | $0 | $0 | $0 | |||
| JASON RUSSELL | ||||||||
| Director | 1.000 | Yes (X) | $0 | $0 | $0 | |||
| PETE WEBER | ||||||||
| Director | 1.000 | Yes (X) | $0 | $0 | $0 | |||
| KEN KASNER | ||||||||
| Director | 1.000 | Yes (X) | $0 | $0 | $0 | |||
| BARBARA KLEVER | ||||||||
| Director | 1.000 | Yes (X) | $0 | $0 | $0 | |||
| FRANK TODISCO | ||||||||
| Director | 1.000 | Yes (X) | $0 | $0 | $0 | |||
| AUDREY HALVERSON | ||||||||
| VP Health | 1.000 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| LISA SLOTZNICK | ||||||||
| VP Casualty | 1.000 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| ART PANIGHETTI | ||||||||
| VP Professionalism | 1.000 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| STU MATHEWSON | ||||||||
| Director | 1.000 | Yes (X) | $0 | $0 | $0 | |||
| PATRICIA MATSON | ||||||||
| Director | 1.000 | Yes (X) | $0 | $0 | $0 | |||
| BRUCE CADENHEAD | ||||||||
| Director | 1.000 | Yes (X) | $0 | $0 | $0 | |||
| TOM WILDSMITH | ||||||||
| Director | 1.000 | Yes (X) | $0 | $0 | $0 | |||
| MARY DOWNS | ||||||||
| Executive Director | 50.00 | Yes (X) | $567,355 | $0 | $40,003 | |||
| JAMES URDANICK | ||||||||
| CFO to 111220 | 50.00 | Yes (X) | $204,665 | $0 | $0 | |||
| THOMAS HOPKINS | ||||||||
| CFO from 111620 | 50.00 | Yes (X) | $30,159 | $0 | $0 | |||
| CRAIG HANNA | ||||||||
| Dir of Public Policy | 50.00 | $362,551 | $0 | $42,981 | Yes (X) | |||
| BRIAN JACKSON | ||||||||
| General Counsel | 50.00 | $251,932 | $0 | $33,505 | Yes (X) | |||
| DAVID NOLAN | ||||||||
| Dir of Communications | 50.00 | $249,527 | $0 | $29,462 | Yes (X) | |||
| KASHA SHELTON | ||||||||
| Dir of Membership | 50.00 | $148,578 | $0 | $16,193 | Yes (X) | |||
| JOANNE ANDERSON | ||||||||
| Dir Finance Admin | 40.00 | $179,069 | $0 | $22,030 | Yes (X) | |||
| CHRIS CASSIDY | ||||||||
| Asst Dir of Technology | 40.00 | $171,064 | $0 | $23,058 | Yes (X) | |||
| GAIL INGRAM | ||||||||
| Asst Dir HR Office | 40.00 | $159,600 | $0 | $21,696 | Yes (X) | |||
| DEVIN BOERM | ||||||||
| Dep Dir Public Policy | 40.00 | $171,029 | $0 | $18,010 | Yes (X) | |||
| ERIC HARDING | ||||||||
| Asst Dir Pubs Sr Editr | 40.00 | $143,590 | $0 | $15,626 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,639,119 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $262,564 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 20 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Hogan Lovells US LLP | |||||
| 555 Thirteenth St NW | Washington | DC | 20004 | Legal Services | $526,990 |
| Wellington Experience Inc | |||||
| 7309 W 80th Street Ste 300 | Overland Park | KS | 66204 | Audio Visual | $280,000 |
| CORI UCCELLO | |||||
| 3625 10th St N Ste 607 | Arlington | VA | 22201 | Consulting Services | $278,148 |
| Bennett Enterprises LLC | |||||
| 2885 Devonshire Place | Saint Paul | MN | 55125 | Consulting Services | $249,475 |
| LINDA STONE | |||||
| 820 Potts Lane | Bryn Mawr | PA | 19010 | Consulting Services | $237,991 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 5 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| Membership Dues | 900099 | $11,535,475 | $11,535,475 |
| Meeting Revenue | 611430 | $526,932 | $526,932 |
| Webcast Revenue | 519130 | $356,140 | $356,140 |
| Service Fees | 541900 | $324,031 | $324,031 |
| Manual Sales | 611430 | $218,695 | $218,695 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $5,837 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $5,837 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $12,967,110 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $788,908 | TotalRevenueColumnAmt |
| Exclusion | $788,908 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $6,370,000 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $6,370,000 | SecuritiesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Magazine Advertising | Desc |
| Business | 541800 | BusinessCd |
| Total Revenue Column | $255,147 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $255,147 | UnrelatedBusinessRevenueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $255,147 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $14,011,165 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $12,967,110 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $255,147 | UnrelatedBusinessRevenueAmt |
| Exclusion | $788,908 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $138,000 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,060,565 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,667,786 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $473,733 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $328,771 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $370,614 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $718,641 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $45,078 | TotalAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $20,269 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $951,194 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $174,667 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $195,028 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $929,891 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $81,116 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $490,619 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $161,752 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $55,796 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| Printing & Publications | $609,032 |
| Practice Councils | $344,733 |
| Credit Card Fees | $378,915 |
| UBIT | $5,602 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $565,495 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,767,297 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,221,993 | BOYAmt |
| EOY | $3,434,344 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,773,045 | BOYAmt |
| EOY | $4,087,937 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $669,471 | BOYAmt |
| EOY | $366,113 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $344,544 | BOYAmt |
| EOY | $471,041 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $3,543,730 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $2,604,285 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,069,500 | BOYAmt |
| EOY | $939,445 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,261,722 | BOYAmt |
| EOY | $17,734,483 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $145,113 | BOYAmt |
| EOY | $158,749 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,485,388 | BOYAmt |
| EOY | $27,192,112 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,625,191 | BOYAmt |
| EOY | $1,380,627 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,878,745 | BOYAmt |
| EOY | $7,857,115 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,122,736 | BOYAmt |
| EOY | $2,756,623 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,626,672 | BOYAmt |
| EOY | $11,994,365 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,858,716 | BOYAmt |
| EOY | $15,197,747 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,858,716 | BOYAmt |
| EOY | $15,197,747 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,485,388 | BOYAmt |
| EOY | $27,192,112 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $1,243,868 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $1,233,407 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$138,244 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantially All Dues Nonded | false | SubstantiallyAllDuesNondedInd |
| Only In House Lobbying | false | OnlyInHouseLobbyingInd |
| Agree Carryover Prior Year | Yes (true) | AgreeCarryoverPriorYearInd |
| Dues Assessments | $11,535,475 | DuesAssessmentsAmt |
| Non Deductible Lbbyng Pltcl CY | $84,097 | NonDeductibleLbbyngPltclCYAmt |
| Non Ded Lbbyng Pltcl Cyov | -$314,980 | NonDedLbbyngPltclCyovAmt |
| Non Deductible Lbbyng Pltcl Tot | -$230,883 | NonDeductibleLbbyngPltclTotAmt |
| Aggregate Reported Dues Ntc | $115,355 | AggregateReportedDuesNtcAmt |
| Carried Over | -$346,238 | CarriedOverAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Disclosed Org Leg Ctrl | false | DisclosedOrgLegCtrlInd |
| Disclosed For Charitable Prps | false | DisclosedForCharitablePrpsInd |
| Written Policy Monitoring | false | WrittenPolicyMonitoringInd |
| Section170h Rqr Stsfd | false | Section170hRqrStsfdInd |
| Solicited Assets Sale | false | SolicitedAssetsSaleInd |
| Agent Trustee Etc | false | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | false | InclEscrowCustodialAcctLiabInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $148,685 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $479 | InvestmentEarningsOrLossesAmt |
| End Year Balance | $149,164 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $145,702 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $2,983 | InvestmentEarningsOrLossesAmt |
| End Year Balance | $148,685 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $143,289 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $2,413 | InvestmentEarningsOrLossesAmt |
| End Year Balance | $145,702 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $142,214 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $1,075 | InvestmentEarningsOrLossesAmt |
| End Year Balance | $143,289 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $142,014 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $200 | InvestmentEarningsOrLossesAmt |
| End Year Balance | $142,214 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Endowments Held Unrelated Org | false | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | false | EndowmentsHeldRelatedOrgInd |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $2,252,125 | InvestmentCostOrOtherBasisAmt |
| Depreciation | $1,575,840 | DepreciationAmt |
| Book Value | $676,285 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $757,047 | InvestmentCostOrOtherBasisAmt |
| Depreciation | $680,095 | DepreciationAmt |
| Book Value | $76,952 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $534,558 | InvestmentCostOrOtherBasisAmt |
| Depreciation | $348,350 | DepreciationAmt |
| Book Value | $186,208 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $939,445 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Other | Desc |
| Book Value | $158,749 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $158,749 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| Deferred Rent | $2,245,656 |
| Defined Benefit Pension Liability | $510,967 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $2,756,623 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $15,244,572 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $1,233,407 | NetUnrealizedGainsInvstAmt |
| Revenue Not Reported | $1,233,407 | RevenueNotReportedAmt |
| Revenue Subtotal | $14,011,165 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $14,011,165 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $12,767,297 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $12,767,297 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $12,767,297 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (14 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| P5, Ln 4 | The Academy maintains a Board designated fund in anticipation of potential |
| P5, Ln 4 | legal expenses associated with counseling and discipline activities. |
| P10, Ln 2 | The Academy's audited financial statements FIN 48 (ASC 740) footnote |
| P10, Ln 2 | addresses the Academy's liability for uncertain tax positions as follows, |
| P10, Ln 2 | "The Academy adopted the authoritative guidance relating to accounting for |
| P10, Ln 2 | uncertainty in income taxes included in ASC Topic, Income Taxes. These |
| P10, Ln 2 | provisions provide consistent guidance for the accounting for uncertainty |
| P10, Ln 2 | in income taxes recognized in an entity's financial statements and |
| P10, Ln 2 | prescribe a threshhold of more likely than not for recognition and |
| P10, Ln 2 | derecognition of tax positions taken or expected to be taken in a tax |
| P10, Ln 2 | return. The Academy performed an evaluation of uncertain tax positions for |
| P10, Ln 2 | the year ended December 31, 2020 and 2019 and determined that there were no |
| P10, Ln 2 | matters that would require recognition in the financial statements or that |
| P10, Ln 2 | may have an effect on its tax-exempt status. It is the Academy's policy to |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | false | GrantRecordsMaintainedInd |
Recipient Table RecipientTable
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Actuarial Foundation | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | Ste 600 | AddressLine1Txt |
| City | Schaumburg | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60173 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient EIN | 363968441 | RecipientEIN |
| IRC Section | 501c3 | IRCSectionDesc |
| Cash Grant | $138,000 | CashGrantAmt |
| Non Cash Assistance | $0 | NonCashAssistanceAmt |
| Purpose Of Grant | General Assistance | PurposeOfGrantTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 0 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule IPart 1Line 2 | The Academys Board of Directors reviews and approves the amount of the |
| Schedule IPart 1Line 2 | grant purpose and payment annually Periodic financial programmatic and |
| Schedule IPart 1Line 2 | management reports are presented by The Actuarial Foundation to the |
| Schedule IPart 1Line 2 | Academys Board of Directors and staff |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | false | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (40 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt |
|---|---|---|---|---|---|---|
| TOM CAMPBELL | ||||||
| PresPres Elect | ||||||
| MARYELLEN COGGINS | ||||||
| President Elect | ||||||
| JOEFF WILLIAMS | ||||||
| Imm Past Pres and Pres | ||||||
| SHAWNA ACKERMAN | ||||||
| Immediate Past Pres | ||||||
| STEPHEN ALBERT | ||||||
| Penultimate President | ||||||
| CATHY MURPHY-BARRON | ||||||
| SecretaryTreasurer | ||||||
| LAUREN CAVANAUGH | ||||||
| VP Casualty | ||||||
| LAURA HANSON | ||||||
| VP Life | ||||||
| AL SCHMITZ | ||||||
| VP Health | ||||||
| TIM GEDDES | ||||||
| Vp Pension | ||||||
| GARETH KENNEDY | ||||||
| VP Risk Mgt Fin Rept | ||||||
| AL BINGHAM | ||||||
| VP Professionalism | ||||||
| MARGARET BERGER | ||||||
| Director | ||||||
| ANDY FERRIS | ||||||
| Director | ||||||
| AARON WEINDLING | ||||||
| Director | ||||||
| CHRIS CARLSON | ||||||
| Director | ||||||
| JASON RUSSELL | ||||||
| Director | ||||||
| PETE WEBER | ||||||
| Director | ||||||
| KEN KASNER | ||||||
| Director | ||||||
| BARBARA KLEVER | ||||||
| Director | ||||||
| FRANK TODISCO | ||||||
| Director | ||||||
| AUDREY HALVERSON | ||||||
| VP Health | ||||||
| LISA SLOTZNICK | ||||||
| VP Casualty | ||||||
| ART PANIGHETTI | ||||||
| VP Professionalism | ||||||
| STU MATHEWSON | ||||||
| Director | ||||||
| PATRICIA MATSON | ||||||
| Director | ||||||
| BRUCE CADENHEAD | ||||||
| Director | ||||||
| TOM WILDSMITH | ||||||
| Director | ||||||
| MARY DOWNS | ||||||
| Executive Director | $449,911 | $112,500 | $4,944 | $40,003 | $2,369 | $609,727 |
| JAMES URDANICK | ||||||
| CFO to 111220 | $204,350 | $315 | $20,686 | $225,351 | ||
| THOMAS HOPKINS | ||||||
| CFO from 111620 | $30,030 | $129 | $2,542 | $32,701 | ||
| CRAIG HANNA | ||||||
| Dir of Public Policy | $321,519 | $40,000 | $1,032 | $42,981 | $15,478 | $421,010 |
| BRIAN JACKSON | ||||||
| General Counsel | $240,900 | $10,000 | $1,032 | $33,505 | $2,058 | $287,495 |
| DAVID NOLAN | ||||||
| Dir of Communications | $208,975 | $40,000 | $552 | $29,462 | $31,451 | $310,440 |
| KASHA SHELTON | ||||||
| Dir of Membership | $123,218 | $25,000 | $360 | $16,193 | $9,072 | $173,843 |
| JOANNE ANDERSON | ||||||
| Dir Finance Admin | $177,485 | $1,584 | $22,030 | $14,391 | $215,490 | |
| CHRIS CASSIDY | ||||||
| Asst Dir of Technology | $158,480 | $11,000 | $1,584 | $23,058 | $35,287 | $229,409 |
| GAIL INGRAM | ||||||
| Asst Dir HR Office | $148,016 | $10,000 | $1,584 | $21,696 | $27,838 | $209,134 |
| DEVIN BOERM | ||||||
| Dep Dir Public Policy | $167,289 | $3,500 | $240 | $18,010 | $8,094 | $197,133 |
| ERIC HARDING | ||||||
| Asst Dir Pubs Sr Editr | $139,550 | $3,800 | $240 | $15,626 | $20,822 | $180,038 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (29 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part VI Line 11b | The Academy's CFO prepares the Form 990 which is reviewed in entirety by |
| Part VI Line 11b | the Academy's Executive Director and Auditor before it is filed. |
| Part VI Line 19 | The Academy makes its governing documents, Conflict of Interest policy and |
| Part VI Line 19 | and audited statements available on its website at www.actuary.org. |
| Part XI Line 9 | Pension related charges other than net periodic pension costs. |
| VI Line 6 | The Academy had 19,611 members as of 12/31/2020. Members are entitled to |
| VI Line 6 | attend meetings, vote, hold office, serve as elected Directors, make |
| VI Line 6 | nominations, serve on committees, and generally exercise the rights of full |
| VI Line 6 | membership. |
| VI Line 7a | The Academy has members who may elect some members of the governing body. |
| VI Line 7b | Academy Bylaws amendments that are proposed by the Board of Directors that |
| VI Line 7b | affect the substantive rights of the Academy members require an affirmative |
| VI Line 7b | vote of two thirds of the members voting |
| VI Line 12c | The Academy requires all members that volunteer on any Academy boards, |
| VI Line 12c | councils, committees, sub committees, task forces, and work groups |
| VI Line 12c | (collectively, "Committees") to acknowledge annually the Academy's Conflict |
| VI Line 12c | of Interest Policy. A formal acknowledgemet is provided for this purpose. |
| VI Line 12c | Volunteers not providing the acknowledgement are removed from their |
| VI Line 12c | respective committees. If a real or perceived conflict of interest exists, |
| VI Line 12c | it is reviewed by the respective committee governing body and Academy's |
| VI Line 12c | General Counsel and may result in removal of the volunteer from their |
| VI Line 12c | respective committee or recusal from participating in the affected |
| VI Line 12c | transaction. |
| VI Line 15 | The Academy conducts a formal annual compensation study every year for all |
| VI Line 15 | staff other than the Executive Director ("Staff Study"). The Academy also |
| VI Line 15 | performs a formal compensation study for the Exec. Dir. every few years. |
| VI Line 15 | The most recent Executive Director study was conducted in 2019. The |
| VI Line 15 | studies are conducted by an independent external consultant and include |
| VI Line 15 | benchmark analysis and specific recommendations on compensation level. |
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