2019-05-13T11:09:17-05:00 2018-12-31 410746749 CLIFTONLARSONALLEN LLP 1301 W 22ND ST STE 1100 OAK BROOK IL 60523 990 2018-01-01 363968441 THE ACTUARIAL FOUNDATION ACTU 8477063557 475 N MARTINGALE RD NO 600 SCHAUMBURG IL 60173 JASON LEPPIN EXECUTIVE DIRECTOR 8477063557 2019-05-10 1 MELISSA STRUCK P01310867 6305738600 2019-05-07 67.137.57.251 2019-05-10 14:57:35 CD P F5C70261B48DF0DABF14721562C696050A4B2BF8 B78854EE20A5AAAEA57700933C1E697C4E2B71FA 2018 2019-02-21 02:37:17Z JASON LEPPIN 475 N MARTINGALE RD NO 600 SCHAUMBURG IL 60173 2646972 0 X WWW.ACTUARIALFOUNDATION.ORG X 1994 IL CHANGING LIVES THROUGH MATH EDUCATION (SEE SCHEDULE O) 25 25 0 26 0 0 1098833 1549443 0 0 147021 148755 858 31493 1246712 1729691 484905 391778 0 0 0 0 0 0 106960 1026602 1344806 1511507 1736584 -264795 -6893 6982766 6554646 480162 447270 6502604 6107376 X WE OFFER TEACHERS FREE MATH ENHANCEMENT MATERIALS FOR THEIR CLASSROOMS. WE PROVIDE INSIGHTS FOR CONSUMERS TO EFFICIENTLY MANAGE CHANGING ECONOMIC SITUATIONS. WE PROVIDE ACTUARIES, RESEARCHERS, AND STUDENTS THE OPPORTUNITY TO BENEFIT FROM AWARDS AND SCHOLARSHIPS. 0 0 860054 234756 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 REVAMPED VERSION OF THE FOUNDATION'S PROJECT, MATH MINDS, A CRITICAL THINKING, HANDS-ON MATHEMATICS CHALLENGE FOR HIGH SCHOOL STUDENTS FOR THE CHANCE TO EARN ONE OF THREE COLLEGE SCHOLARSHIPS TOTALING $55,000. THE 2018 COMPETITION WAS DEVELOPED WITH SUPPORT FROM THE CURRENT MTF CHALLENGE STUDENTS ACROSS THE NATION TO CREATE THE BEST MATHEMATICAL MODELS PROJECTING HOW THE DEVELOPMENT OF NEW THERAPIES MIGHT CHANGE THE WAY DISEASES AFFECT OUR HEALTHCARE INDUSTRY, INSURANCE, GOVERNMENT, OR SOCIETY. THEY 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. FINALISTS WILL TRAVEL TO NEW YORK TO PRESENT THEIR PROJECT. THE AWARD-WINNING FINANCIAL LITERACY CURRICULUM RESOURCE, BUILDING YOUR FUTURE, HAS BEEN GIVEN TO MORE THAN 11,000 HIGH SCHOOL TEACHERS AND 450,000 STUDENTS NATIONWIDE. THE FREE CLASSROOM RESOUCES AND SEEK A TRUSTED-PARTNER TO PROVIDE THE LATEST MATH AND FINANCIAL LITERACY EDUCATION TOOLS. THE FOUNDATION IS PROUD TO HELP TO CLOSE THE ACHIEVEMENT 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. 211036 146322 12500 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. 25868 10700 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. 3304 FROM YOUNG TO OLD, FROM UNDERGRADUATES TO THOSE CHANGING CAREERS, FROM THE DISADVANTAGED TO THE GIFTED, THE FOUNDATION CHANGES LIVES THROUGH MATH EDUCATION, PROMOTES THE ACTUARIAL PROFESSION, AND CULTIVATES THE NEXT GENERATION OF ACTUARIES THROUGH VARIOUS SCHOLARSHIP PROGRAMS. FIFTY ONE PERCENT OF ALL SCHOLARSHIP RECIPIENTS ACHIEVED ACTUARIAL DESIGNATION. IN 2018, THE FOUNDATION AWARDED 39 DIVERSITY SCHOLARSHIPS. IN 2018, THE ACTUARY OF TOMORROW STUART A. ROBERTSON MEMORIAL SCHOLARSHIP, THE CURTIS E. HUNTINGTON MEMORIAL SCHOLARSHIP, AND THE CARIBBEAN ACTUARIAL SCHOLARSHIP AWARDED STUDENTS PURSUING STUDIES IN MATH AND ACTUARIAL SCIENCE WITH 17 SCHOLARSHIPS WORTH $45,250, WHILE THE ACTUARY A CAREER CHANGE ELIZABETH M. MAURO REIMBURSEMENT PROGRAM PROVIDED 4 INDIVIDUALS WITH $1,772 IN AID. 3304 1100262 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 25 25 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 TIFFANY BERGER 8477063620 475 MARTINGALE ROAD STE 600 SCHAUMBURG IL 60173 X JOSEPH A NICHOLS ASA EA MSPA MAA CHAIR 1.00 X X 0 0 0 SARAH J HAMID FSA FCIA MAAA SECRETARY-TREASURER 1.00 X X 0 0 0 PAMELA CONE TRUSTEE 1.00 X 0 0 0 RICHARD DE HAAN FSA FIAMAAA TRUSTEE 1.00 X 0 0 0 BRIAN DONLAN FCAS MAAA TRUSTEE 1.00 X 0 0 0 MARK DUNBAR EA MSPA MAAA TRUSTEE 1.00 X 0 0 0 JOHN W EHRHARDT FSA EA 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 JANE L HAMRICK FSA MAAA TRUSTEE 1.00 X 0 0 0 BARRY JACOBSON FSA 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 MARGARET MILKINT TRUSTEE 1.00 X 0 0 0 KATHY ODOMIROK FCAS MAAA TRUSTEE 1.00 X 0 0 0 PATRICIA ROTELLO FCA FSA EA IAA TRUSTEE 1.00 X 0 0 0 CLARK SLIPHER FSA MAAA CHAIR-ELECT 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 DEWAYNE ULLSPERGER ASA MAAA FSA I TRUSTEE 1.00 X 0 0 0 MICHAEL WACEK FCAS CERA MAAA TRUSTEE 1.00 X 0 0 0 SUSAN WITCRAFT FCAS CERA TRUSTEE 1.00 X 0 0 0 A GREIG WOODRING FSA MAAA TRUSTEE 1.00 X 0 0 0 JASON LEPPIN EXECUTIVE DIRECTOR 40.00 X 0 0 0 0 0 0 0 0 0 0 SOCIETY OF ACTUARIES 475 N MARTINGALE ROAD STE 600 SCHAUMBURG IL 60173 MANAGEMENT SERVICES 574801 SCHOLASTIC INC PO BOX 3720 3931 EAST MCCARTY ST JEFFERSON CITY MO 65102 SUPPORT FOR "ADVANCING STUDENT ACHIEVEME 140500 INSTITUTE OF COMPETITION SCIENCES 5105 EAST FM 219 HICO TX 76457 COMPENTITION DESIGN AND OPERATIONS 120106 3 1549443 28086 1549443 145285 145285 920751 917281 3470 3470 3470 OTHER REVENUE 900099 18993 18993 RETURNED SCHOLARSHIPS 900099 12500 12500 31493 1729691 12500 0 167748 203035 203035 179743 179743 9000 9000 29342 29342 15640 15640 11995 11995 42046 6040 36006 115056 115056 395874 335604 16227 44043 47862 4447 40665 2750 25987 17521 8466 62985 28718 34267 6954 6954 10377 10377 REIMBURSED EXP - WAGES 462895 253427 163405 46063 REIMBURSED EXP - BENEFI 111906 62727 36808 12371 STAFF TRAINING 5005 3272 1733 882 882 1736584 1100262 529362 106960 139298 152242 186674 345173 167349 396451 23908 7995 26394 10361 22989 16033 6442548 5636752 6982766 6554646 480162 447270 480162 447270 X 4126575 3464126 2376029 2643250 6502604 6107376 6982766 6554646 -6893 -388335 0 X X 0 1 X 1 0 X 1601262 921661 1099832 1098833 1549443 6271031 1601262 921661 1099832 1098833 1549443 6271031 787683 5483348 104619 129019 134120 143774 145285 656817 3565 48548 3297 858 18993 75261 7003109 0.78300 0.82650 X 26394 10361 16033 16033 X 1722513 -388335 393657 5322 1717191 12500 12500 1729691 2117741 393657 -12500 381157 1736584 0 1736584 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 DECEMBER 31, 2018 AND 2017, 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 4B - OTHER ADJUSTMENTS: RETURNED SCHOLARSHIPS 12,500. PART XII, LINE 2D - OTHER ADJUSTMENTS: RETURNED SCHOLARSHIPS -12,500. 1 CENTRAL AMERICA AND THE CARIBBEAN 0 0 SCHOLARSHIPS SCHOLARSHIPS 6500 NORTH AMERICA 0 0 RESEARCH GRANT RESEARCH GRANT 2500 0 0 0 0 0 0 9000 0 9000 0 CARIBBEAN SCHOLARSHIP CENTRAL AMERICA AND THE CARIBBEAN 4 6500 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. 1 FOUNDATION FOR PUERTO RICO PO BOX 364029 SAN JUAN PR 00936 660776227 501(C)(3) 20000 REBUILD MATH CLASSROOMS HOUSTON INDEPENDENT SCHOOL DISTRICT FDN 4400 W 18TH STREET HOUSTON TX 77092 760424529 501(C)(3) 20535 REBUILD MATH CLASSROOMS CONSORTIUM OF FLORIDA EDUCATION FDN PO BOX 358719 GAINESVILLE FL 32635 651086820 501(C)(3) 20000 REBUILD MATH CLASSROOMS SCHOLASTIC INC 2931 E MCCARTY ST JEFFERSON CITY MO 65102 133385513 140500 GRANT TO SUPPORT "ADVANCING STUDENT ACHIEVEMENT" PROJECT 3 1 ELIZABETH M. MAURO AWARD 4 1772 MODELING THE FUTURE - COACH AWARD 4 4000 MATH MOTIVATORS - SAT PREP 1 222 DIVERSITY SCHOLARSHIPS 39 118000 STUART A. ROBERTSON SCHOLARSHIPS 3 18750 CURTIS E. HUNTINGTON SCHOLARSHIPS 10 20000 MODELING THE FUTURE CHALLENGE SCHOLARSHIP 4 16999 PART I, LINE 2: MANAGEMENT MONITORS GRANT COMPLIANCE THROUGH REVIEW OF BUDGETARY AND ACTIVITY REPORTS PROVIDED BY THE GRANTEES. X 3 28086 FAIR MARKET VALUE 0 1 0 FORM 990, PART I, LINE 1 EVERY AMERICAN HAS THE OPPORTUNITY TO BE FINANCIALLY SECURE. A FUTURE WHERE FINANCIAL WORRIES AND STRESS ALL BUT DISAPPEAR. THROUGH THE UNIQUE TALENTS OF ACTUARIES, THAT DREAM CAN BECOME A REALITY BEGINNING TODAY WITH MATH EDUCATION. IT IS NOW MORE IMPORTANT THAN EVER TO HARNESS THE MATHEMATICAL POTENTIAL OF OUR YOUTH. ECONOMIC DEVELOPMENT AND GROWTH IS CONTINGENT ON INDIVIUDALS RECEIVING A QUALITY MATH EDUCATION TO ENSURE CONTINUED TECHNOLOGICAL AND SCIENTIFIC PROGRESS BY MAKING MATH MORE APPEALING TO YOUNGER GENERATIONS, WE CAN INSPIRE THEM TO CHOOSE DEGREES AND CAREERS THAT WILL HELP THEM MEANINGFULLY CONTRIUBTE TO THEIR COMMUNITIES AND SECURE THEIR FINANCIAL WELL-BEING. PROBLEM-SOLVING SKILLS ARE ESSENTIAL IN A PERSON'S WORK AND PERSONAL LIFE. WHAT TEACHES PEOPLE TO THINK CRITICALLY AND SOLVE CHALLENGES? MATH. EVERY DAY, IN MANY WAYS, MATH IMPACTS THE WORLD. THAT IS WHY THE ACTUARIAL FOUNDATION STRIVES TO EQUIP THE PUBLIC WITH THE TOOLS IT NEEDS TO MAKE INFORMED DECISIONS AND CULTIVATE THE NEXT GENERATION OF MATH-SKILLED THINKERS. 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 $574,801. 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. FORM 990, PART XII, LINE 2C: THE ORGANIZATION NEITHER CHANGED THE OVERSIGHT PROCESS OR THE SELECTION PROCESS DURING THE TAX YEAR.