2020-11-06T18:12:49-06:00 2019-12-31 410746749 CLIFTONLARSONALLEN LLP 1301 WEST 22ND STREET SUITE 1100 OAK BROOK IL 60523 990 2019-01-01 363968441 THE ACTUARIAL FOUNDATION ACTU 8477063535 475 N MARTINGALE RD NO 600 SCHAUMBURG IL 60173 JASON LEPPIN EXECUTIVE DIRECTOR 8477063535 2020-11-02 1 MELISSA STRUCK P01310867 6305738600 2020-10-23 67.137.57.251 2020-11-02 11:38:36 CS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 352721E5F944CF3C0DF268C6A21C809C71D0024C 2019 2021-01-29 14:40:06Z JASON LEPPIN 475 N MARTINGALE RD NO 600 SCHAUMBURG IL 60173 5863571 0 X WWW.ACTUARIALFOUNDATION.ORG X 1994 IL CHANGING LIVES THROUGH MATH EDUCATION (SEE SCHEDULE O FOR THE ORGANIZATION'S FULL MISSION STATEMENT) 26 26 0 26 0 0 1549443 4085371 0 0 148755 159509 31493 14849 1729691 4259729 391778 628010 0 0 0 0 0 291544 446553 1344806 1589762 1736584 2509316 -6893 1750413 6554646 9108248 447270 274365 6107376 8833883 X THE ACTUARIAL FOUNDATION, A 501(C)(3) ORGANIZATION, IS THE PHILANTHROPIC ORGANIZATION FOR THE ACTUARIAL INDUSTRY IN THE UNITED STATES. SINCE 1994, THE FOUNDATION HAS PROMOTED LIFELONG MATH EDUCATION AND FINANCIAL LITERACY THROUGH ITS LEARNING RESOURCES AND SCHOLARSHIPS. THE MISSION OF THE FOUNDATION IS TO ENHANCE MATH EDUCATION AND FINANCIAL LITERACY THROUGH THE TALENTS AND RESOURCES OF ACTUARIES. THE FOUNDATION'S VISION IS AN EDUCATED PUBLIC IN PURSUIT OF A SECURE FINANCIAL FUTURE. 0 0 1263760 298500 0 EDUCATION - THE FOUNDATION ENCOURAGES NEW GENERATIONS OF MATHEMATICAL THINKERS BY CREATING AND DISTRIBUTING EDUCATIONAL MATERIALS TO TEACHERS AND STUDENTS IN GRADES 4-12. THESE FREE RESOURCES INCLUDE HANDS-ON PROJECTS, LESSON PLANS, AND ONLINE ACTIVITIES THAT COVER A VARIETY OF MATHEMATICAL TOPICS AND FINANCIAL LITERACY THEMES. MODELING THE FUTURE CHALLENGE (MTF), IS A CRITICAL THINKING, HANDS-ON MATHEMATICS CHALLENGE FOR HIGH SCHOOL STUDENTS FOR THE CHANCE TO EARN ONE OF THREE COLLEGE SCHOLARSHIPS TOTALING $55,000. STUDENTS WILL LEARN HOW MATHEMATICS APPLIES TO CUTTING-EDGE INDUSTRIES AND TECHNOLOGY, AS WELL AS HIGHLY SOUGHT-AFTER CAREERS AS ACTUARIES AND OTHER MATH-RELATED PROFESSIONS. THE AWARD-WINNING FINANCIAL LITERACY CURRICULUM RESOURCE, BUILDING YOUR FUTURE, HAS BEEN PROVIDED FOR FREE TO MORE THAN 60,000 HIGH SCHOOL TEACHERS AND 500,000 STUDENTS NATIONWIDE. THE FOUNDATION IS PROUD TO HELP TO CLOSE THE OPPORTUNITY GAP THROUGH A VOLUNTEER-DRIVEN S.A.T. AND MATH TUTORING PROGRAM THAT PAIRS LOW-INCOME URBAN HIGH SCHOOL STUDENTS WITH PROFESSIONAL ACTUARIES AND COLLEGE STUDENTS MAJORING IN ACTUARIAL SCIENCE, MATHEMATICS, OR EDUCATION. 342787 253894 6250 SCHOLARSHIPS - THE ACTUARIAL FOUNDATION ENSURES THE FUTURE OF THE ACTUARIAL PROFESSION THROUGH ITS SCHOLARSHIPS AND REIMBURSEMENT PROGRAM. RECIPIENTS OF FOUNDATION SCHOLARSHIPS ARE SELECTED BY REPRESENTATIVES OF THE ACTUARIAL PROFESSION, WHO MAY ONE DAY BE THEIR PEERS. SO, NOT ONLY ARE THESE SCHOLARSHIPS A MEANS TO OFFSET THE COST OF EDUCATION, THEY ALSO SERVE AS A PRESTIGIOUS RECOGNITION BY A HIGHLY RATED PROFESSION. ACTUARY OF TOMORROW - STUART A. ROBERTSON MEMORIAL SCHOLARSHIPS RECOGNIZE AND ENCOURAGE THE ACADEMIC ACHIEVEMENTS OF UNDERGRADUATE STUDENTS PURSUING A CAREER IN ACTUARIAL SCIENCE. THE CARIBBEAN ACTUARIAL SCHOLARSHIP IS INTENDED TO BE AN ANNUAL AWARD TO UNIVERSITY OF THE WEST INDIES (UWI) ACTUARIAL STUDENTS WHO DEMONSTRATE A STRONG RECORD OF ACCOMPLISHMENT, LEADERSHIP QUALITIES, AND COMMITMENT TO BECOMING AN ACTUARY. THE ACTUARIAL DIVERSITY SCHOLARSHIP PROMOTES DIVERSITY WITHIN THE PROFESSION THROUGH AN ANNUAL SCHOLARSHIP PROGRAM FOR BLACK/AFRICAN AMERICAN, HISPANIC, NATIVE NORTH AMERICAN, AND PACIFIC ISLANDER STUDENTS. THE CURTIS E. HUNTINGTON MEMORIAL SCHOLARSHIP APPLICANTS MUST BE A COLLEGE SENIOR WHO HAS SUCCESSFULLY COMPLETED AT LEAST ONE ACTUARIAL EXAMINATION. APPLICANT MUST RANK IN THE TOP QUARTER OF THEIR CLASS AND HAVE BEEN NOMINATED BY A PROFESSOR AT THEIR SCHOOL. 84406 75616 AWARDS & PRIZES - THE ACTUARIAL FOUNDATION IS PROUD TO RECOGNIZE THE EXEMPLARY WORK OF INDIVIDUALS WHOSE WORK IS ADDING TO THE KNOWLEDGE OF THE ACTUARIAL FIELD AND ADVANCING THE SKILL SET OF THE PROFESSION. THE ERM RESEARCH EXCELLENCE AWARD IN MEMORY OF HUBERT MUELLER RECOGNIZES SIGNIFICANT CONTRIBUTIONS TO THE GROWING BODY OF ERM KNOWLEDGE AND RESEARCH. THE AWARD IS GIVEN ANNUALLY TO THE BEST OVERALL PAPER AT THE ERM SYMPOSIUM. THE WYNN KENT PUBLIC COMMUNICATION AWARD IS GIVEN TO MEMBERS OF THE ACTUARIAL PROFESSION WHO HAVE CONTRIBUTED TO THE PUBLIC AWARENESS OF THE WORK OF THE PROFESSION AND THE VALUE OF ACTUARIAL SCIENCE IN MEETING THE FINANCIAL SECURITY OF SOCIETY IN THE FIELDS OF LIFE, HEALTH, CASUALTY, PENSION, AND OTHER RELATED AREAS. THE INTENT OF THE AWARD IS TO ENCOURAGE ACTUARIES TO ENGAGE IN ACTIVITIES THAT HIGHLIGHT THE ACTUARIAL PROFESSION'S ROLE IN FINANCIAL SECURITY ISSUES BENEFITING THE PUBLIC. 1690953 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 1 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 11 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 26 26 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 IL AL AR CA FL GA HI KS KY MA MD MI MN MS NC NH NJ NM NY OR PA RI SC TN UT VA WI WV X X THE ORGANIZATION 8477063535 475 N MARTINGALE RD NO 600 SCHAUMBURG IL 60173 X CLARK SLIPHER FSA MAAA CHAIR 1.00 X X 0 0 0 MARGARET RESCE MILKINT CHAIR-ELECT 1.00 X X 0 0 0 MICHAEL WACEK FCAS CERA MAAA SECRETARY-TREASURER 1.00 X X 0 0 0 JOHN W EHRHARDT FSA EA MAAA TRUSTEE 1.00 X 0 0 0 JOSEPH A NICHOLS ASA EA MSPA MAA TRUSTEE 1.00 X 0 0 0 SUSAN WITCRAFT FCAS CERA TRUSTEE 1.00 X 0 0 0 RICHARD DE HAAN FSA FIA MAAA TRUSTEE 1.00 X 0 0 0 BRIAN DONLAN FCAS MAAA TRUSTEE 1.00 X 0 0 0 ANDY FERRIS FSA MAAA FCA TRUSTEE 1.00 X 0 0 0 DAVID J FISHBAUM FSA FCIA MAAA TRUSTEE 1.00 X 0 0 0 ROY GOLDMAN FSA MAAA CERA TRUSTEE 1.00 X 0 0 0 SARAH J HAMID FSA FCIA MAAA TRUSTEE 1.00 X 0 0 0 JANE L HAMRICK FSA MAAA TRUSTEE 1.00 X 0 0 0 BARRY JACOBSON FSA TRUSTEE 1.00 X 0 0 0 JEREMY ENGDAHL-JOHNSON TRUSTEE 1.00 X 0 0 0 JEFFREY JOHNSON MAAA FSA TRUSTEE 1.00 X 0 0 0 TONYA MANNING FSA FCA EA MAAA TRUSTEE 1.00 X 0 0 0 KATHY ODOMIROK FCAS MAAA TRUSTEE 1.00 X 0 0 0 NADINE ORLOFF FAS EA MAAA FCA TRUSTEE 1.00 X 0 0 0 LISA M PAWLOWSKI FCAS MAAA TRUSTEE 1.00 X 0 0 0 SHARON ROBINSON FCAS MAAA TRUSTEE 1.00 X 0 0 0 PATRICIA ROTELLO FCA FSA EA IAA TRUSTEE 1.00 X 0 0 0 MICHAEL SMITH FSA MAAA CFA TRUSTEE 1.00 X 0 0 0 JOANNE SPALLA MAAA FCAS TRUSTEE 1.00 X 0 0 0 KEVIN THOMPSON FCAS MAAA IAA TRUSTEE 1.00 X 0 0 0 DEWAYE ULLSPERGER ASA MAAA FSA IAA - TRUSTEE 1.00 X 0 0 0 JASON LEPPIN EXECUTIVE DIRECTOR 40.00 X 0 0 0 0 0 0 0 0 0 0 STEIER GROUP 10844 OLD MILL ROAD OMAHA NE 68154 CAMPAIGN FUNDRAISING 278050 INSTITUTE OF COMPETITION SCIENCES 5105 EAST FM 219 HICO TX 76457 COMPENTITION DESIGN AND OPERATIONS 135022 GLC 9855 WOODS DRIVE SKOKIE IL 60077 ASSOCIATION CONTENT MARKETING 105444 3 4085371 162389 4085371 159557 159557 1603794 1603842 -48 -48 -48 OTHER REVENUE 900099 8599 8599 RETURNED SCHOLARSHIPS 900099 6250 6250 14849 4259729 6250 0 168108 282700 282700 334310 334310 11000 11000 18634 18634 291544 291544 12137 12137 74412 6164 68248 476094 355295 107100 13699 59682 10325 31943 17414 201941 137714 63936 291 7323 7323 10377 10377 REIMBURSED EXP - WAGES 590655 453326 39956 97373 REIMBURSED EXP - BENEFI 124352 91945 6976 25431 MISCELLANEOUS 7041 5800 1241 STAFF TRAINING 6114 1374 3939 801 1000 1000 2509316 1690953 371810 446553 152242 112782 345173 960143 396451 1712434 7995 8336 26394 17684 16033 8710 5636752 6305843 6554646 9108248 447270 274365 447270 274365 X 3464126 5749020 2643250 3084863 6107376 8833883 6554646 9108248 1750413 976094 0 X X 0 1 X 1 0 X 921661 1099832 1098833 1549443 4085371 8755140 921661 1099832 1098833 1549443 4085371 8755140 1657063 7098077 129019 134120 143774 145285 159557 711755 48548 3297 858 18993 8599 80295 9547190 0.74350 0.78300 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 26394 17684 8710 8710 X 5627436 976094 410000 1386094 4241342 12137 6250 18387 4259729 2900929 410000 -6250 403750 2497179 12137 12137 2509316 PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA (U.S. GAAP) REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE FOUNDATION AND RECOGNIZE A TAX LIABILITY IF THE FOUNDATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE OR OTHER APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FOUNDATION, AND HAS CONCLUDED THAT AS OF MAY 31, 2020 AND DECEMBER 31, 2018, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RETURNED PART XI, LINE 4B - OTHER ADJUSTMENTS: RETURNED SCHOLARSHIPS 6,250. PART XII, LINE 2D - OTHER ADJUSTMENTS: RETURNED SCHOLARSHIPS -6,250. 1 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 SCHOLARSHIPS SCHOLARSHIPS 6000 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 RESEARCH GRANT RESEARCH GRANT 5000 0 0 0 0 0 0 11000 0 11000 0 CARIBBEAN SCHOLARSHIP CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 3 6000 WIRE ERM RESEARCH GRANT NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 1 5000 WIRE 0 0 0 0 0 0 PART I, LINE 2: MANAGEMENT MONITORS GRANT COMPLIANCE THROUGH REVIEW OF BUDGETARY AND ACTIVITY REPORTS PROVIDED BY THE GRANTEES. PART I, LINE 3: EXPENSES ARE RECOGNIZED ON THE ACCRUAL BASIS OF ACCOUNTING. MANAGEMENT MONITORS GRANT COMPLIANCE THROUGH REVIEW OF BUDGETARY AND ACTIVITY REPORTS PROVIDED BY THE GRANTEES. PART III ACCOUNTING METHOD: X X X X 1 STEIER GROUP 10844 OLD MILL ROAD OMAHA NE 68154 PROFESSIONAL DEVELOPMENT AND FUNDRAISING CONSULTING SERVICES 0 1986812 291544 1695268 1986812 291544 1695268 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY SCHEDULE G, PART I, LINE 2B, COLUMN (V) PAYMENTS MADE FOR CONSULTING SERVICES ARE BASED ON A FIXED FEE ARRANAGEMENT PLUS EXPENSES FOR TRAVEL, LODGING, MEALS, COPYING, POSTAGE, DATABASE CLEANUP AND PRINTING. 1 FIDELITY INVESTMENTS PO BOX 770001 COLUMBUS OH 45277 042882358 15000 EXPECT THE UNEXPECTED HARDEST MATH PROBLEM PRIZE SCHOLASTIC INC 2931 E MCCARTY ST JEFFERSON CITY MO 65102 133385513 266000 GRANT TO SUPPORT "ADVANCING STUDENT ACHIEVEMENT" PROJECT 2 MODELING THE FUTURE - COACH AWARD 3 4000 DIVERSITY SCHOLARSHIPS 80 195000 STUART A. ROBERTSON SCHOLARSHIPS 3 27000 CURTIS E. HUNTINGTON SCHOLARSHIPS 5 30000 MODELING THE FUTURE CHALLENGE SCHOLARSHIP 18 74166 EDUCATOR GRANT FOR MODELING THE FUTURE 17 1700 MODELING THE FUTURE - SCHOOL SUPPORT AWARD 1 1000 ELIZABETH M. MAURO AWARD 1 444 WYNN KENT PUBLIC COMMUNICATIONS AWARD 1 1000 PART I, LINE 2: MANAGEMENT MONITORS GRANT COMPLIANCE THROUGH REVIEW OF BUDGETARY AND ACTIVITY REPORTS PROVIDED BY THE GRANTEES. X 3 162389 FAIR MARKET VALUE 0 1 0 FORM 990, PART I, LINE 1 THE ACTUARIAL FOUNDATION, A 501(C)(3) ORGANIZATION, IS THE PHILANTHROPIC ORGANIZATION FOR THE ACTUARIAL INDUSTRY IN THE UNITED STATES. SINCE 1994, THE FOUNDATION HAS PROMOTED LIFELONG MATH EDUCATION AND FINANCIAL LITERACY THROUGH ITS LEARNING RESOURCES AND SCHOLARSHIPS. THE MISSION OF THE FOUNDATION IS TO ENHANCE MATH EDUCATION AND FINANCIAL LITERACY THROUGH THE TALENTS AND RESOURCES OF ACTUARIES. THE FOUNDATION'S VISION IS AN EDUCATED PUBLIC IN PURSUIT OF A SECURE FINANCIAL FUTURE. FORM 990, PART VI, SECTION A, LINE 3 THE SOCIETY OF ACTUARIES (SOA) IS AN AN ORGANIZATION AFFILIATED WITH THE FOUNDATION WHICH MANAGES ALL ASPECTS OF THE FOUNDATION IN ACCORDANCE WITH THE ORGANIZATION'S BYLAWS AND POLICIES. OPERATIONS MAY INCLUDE BUT ARE NOT LIMITED TO ADMINISTRATION, FINANCE AND ACCOUNTING, EDUCATION, FUNDRAISING, AND INFORMATION TECHNOLOGY. SOA EMPLOYEES PROVIDE THESE SERVICES AND TOTAL REIMBURSEMENTS PAID TO SOA FOR STAFF SALARIES WERE $483,806. FORM 990, PART VI, SECTION B, LINE 11B THE SECRETARY/TREASURER HAS REVEIWED THE 990 ON BEHALF OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C MEMBERS OF THE GOVERNING BODY ARE REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT ANNUALLY FORM 990, PART VI, SECTION C, LINE 19 IF REQUESTED, A COPY OF THE 990 IS SENT VIA MAIL OR EMAIL TO THE REQUESTING PARTY. PART XII, LINE 2C THE ORGANIZATION NEITHER CHANGED THE OVERSIGHT PROCESS OR THE SELECTION PROCESS DURING THE TAX YEAR.