2021-11-15T06:31:56-06:00 2020-12-31 990 2020-01-01 366142798 American Academy of Actuaries % Thomas Hopkins AMER 2022238196 1850 M Street NW Ste 300 Washington DC 20036 THOMAS HOPKINS Chief Financial Officer 2022238196 2021-11-15 THOMAS HOPKINS 999009999 0 IAL1 2020 2022-09-23 18:48:47Z WILLIAM MICHALISIN 1850 M Street NW Ste 300 Washington DC 20036 20381165 false X www.actuary.org X 1966 IL The Academys mission is to serve the public and the United States actuarial profession 21 21 44 1100 255147 44620 0 12958605 12967110 643544 788908 394406 255147 13996555 14011165 118000 138000 0 6435514 6901469 0 0 7058346 5727828 13611860 12767297 384695 1243868 23485388 27192112 10626672 11994365 12858716 15197747 The Academy's mission is to serve the public and the United States actuarial profession. false false 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. 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. 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. false false false false true false false false false true true false false false true true true false false false false false false false false false false true false true false false false false false false false false false false false false false false false false true 42 0 true 44 true true true false false false true true false false false X 21 21 false false false false true true true true true false false false true true true true true true true false X THOMAS HOPKINS 2022238196 1850 M Street NW Ste 300 Washington DC 20036 TOM CAMPBELL PresPres Elect 3.000 X X 0 0 0 MARYELLEN COGGINS President Elect 3.000 X X 0 0 0 JOEFF WILLIAMS Imm Past Pres and Pres 3.000 X X 0 0 0 SHAWNA ACKERMAN Immediate Past Pres 3.000 X 0 0 0 STEPHEN ALBERT Penultimate President 3.000 X 0 0 0 CATHY MURPHY-BARRON SecretaryTreasurer 3.000 X X 0 0 0 LAUREN CAVANAUGH VP Casualty 1.000 X X 0 0 0 LAURA HANSON VP Life 1.000 X X 0 0 0 AL SCHMITZ VP Health 1.000 X X 0 0 0 TIM GEDDES Vp Pension 1.000 X X 0 0 0 GARETH KENNEDY VP Risk Mgt Fin Rept 1.000 X X 0 0 0 AL BINGHAM VP Professionalism 1.000 X X 0 0 0 MARGARET BERGER Director 1.000 X 0 0 0 ANDY FERRIS Director 1.000 X 0 0 0 AARON WEINDLING Director 1.000 X 0 0 0 CHRIS CARLSON Director 1.000 X 0 0 0 JASON RUSSELL Director 1.000 X 0 0 0 PETE WEBER Director 1.000 X 0 0 0 KEN KASNER Director 1.000 X 0 0 0 BARBARA KLEVER Director 1.000 X 0 0 0 FRANK TODISCO Director 1.000 X 0 0 0 AUDREY HALVERSON VP Health 1.000 X X 0 0 0 LISA SLOTZNICK VP Casualty 1.000 X X 0 0 0 ART PANIGHETTI VP Professionalism 1.000 X X 0 0 0 STU MATHEWSON Director 1.000 X 0 0 0 PATRICIA MATSON Director 1.000 X 0 0 0 BRUCE CADENHEAD Director 1.000 X 0 0 0 TOM WILDSMITH Director 1.000 X 0 0 0 MARY DOWNS Executive Director 50.00 X 567355 0 40003 JAMES URDANICK CFO to 111220 50.00 X 204665 0 0 THOMAS HOPKINS CFO from 111620 50.00 X 30159 0 0 CRAIG HANNA Dir of Public Policy 50.00 X 362551 0 42981 BRIAN JACKSON General Counsel 50.00 X 251932 0 33505 DAVID NOLAN Dir of Communications 50.00 X 249527 0 29462 KASHA SHELTON Dir of Membership 50.00 X 148578 0 16193 JOANNE ANDERSON Dir Finance Admin 40.00 X 179069 0 22030 CHRIS CASSIDY Asst Dir of Technology 40.00 X 171064 0 23058 GAIL INGRAM Asst Dir HR Office 40.00 X 159600 0 21696 DEVIN BOERM Dep Dir Public Policy 40.00 X 171029 0 18010 ERIC HARDING Asst Dir Pubs Sr Editr 40.00 X 143590 0 15626 2639119 262564 20 false true false Hogan Lovells US LLP 555 Thirteenth St NW Washington DC 20004 Legal Services 526990 Wellington Experience Inc 7309 W 80th Street Ste 300 Overland Park KS 66204 Audio Visual 280000 CORI UCCELLO 3625 10th St N Ste 607 Arlington VA 22201 Consulting Services 278148 Bennett Enterprises LLC 2885 Devonshire Place Saint Paul MN 55125 Consulting Services 249475 LINDA STONE 820 Potts Lane Bryn Mawr PA 19010 Consulting Services 237991 5 Membership Dues 900099 11535475 11535475 Meeting Revenue 611430 526932 526932 Webcast Revenue 519130 356140 356140 Service Fees 541900 324031 324031 Manual Sales 611430 218695 218695 5837 5837 12967110 788908 788908 6370000 6370000 0 Magazine Advertising 541800 255147 255147 255147 14011165 12967110 255147 788908 X 138000 2060565 3667786 473733 328771 370614 718641 45078 20269 951194 174667 195028 929891 81116 490619 161752 55796 Printing & Publications 609032 Practice Councils 344733 Credit Card Fees 378915 UBIT 5602 565495 12767297 0 0 0 2221993 3434344 3773045 4087937 669471 366113 344544 471041 3543730 2604285 1069500 939445 15261722 17734483 145113 158749 23485388 27192112 1625191 1380627 6878745 7857115 2122736 2756623 10626672 11994365 X 12858716 15197747 12858716 15197747 23485388 27192112 X 1243868 1233407 -138244 X false true true false false false true 11535475 84097 -314980 -230883 115355 -346238 false false false false false false false 148685 479 149164 145702 2983 148685 143289 2413 145702 142214 1075 143289 142014 200 142214 false false 2252125 1575840 676285 757047 680095 76952 534558 348350 186208 939445 Other 158749 158749 Deferred Rent 2245656 Defined Benefit Pension Liability 510967 2756623 15244572 1233407 1233407 14011165 14011165 12767297 12767297 12767297 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 false The Actuarial Foundation Ste 600 Schaumburg IL 60173 363968441 501c3 138000 0 General Assistance 0 0 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 false false false false false false false false false 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 449911 112500 4944 40003 2369 609727 JAMES URDANICK CFO to 111220 204350 315 20686 225351 THOMAS HOPKINS CFO from 111620 30030 129 2542 32701 CRAIG HANNA Dir of Public Policy 321519 40000 1032 42981 15478 421010 BRIAN JACKSON General Counsel 240900 10000 1032 33505 2058 287495 DAVID NOLAN Dir of Communications 208975 40000 552 29462 31451 310440 KASHA SHELTON Dir of Membership 123218 25000 360 16193 9072 173843 JOANNE ANDERSON Dir Finance Admin 177485 1584 22030 14391 215490 CHRIS CASSIDY Asst Dir of Technology 158480 11000 1584 23058 35287 229409 GAIL INGRAM Asst Dir HR Office 148016 10000 1584 21696 27838 209134 DEVIN BOERM Dep Dir Public Policy 167289 3500 240 18010 8094 197133 ERIC HARDING Asst Dir Pubs Sr Editr 139550 3800 240 15626 20822 180038 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.