ACTUARIAL FOUNDATION: Form 990, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- ACTUARIAL FOUNDATION (EIN 36-3968441)
- Tax period
- 2016-01-01 to 2016-12-31
- Filed
- 2017-06-20
- IRS object ID
- 201711719349300311
- Schema version
- 2016v3.0
- 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 | 2017-06-20T09:35:40-05:00 | ReturnTs |
| Tax Period End | 2016-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 390859910 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Baker Tilly Virchow Krause LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 205 N Michigan Ave 2800 | AddressLine1Txt |
| City | Chicago | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 606015927 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2016-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 363968441 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Actuarial Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | ACTU | BusinessNameControlTxt |
| Phone | 8477063557 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 475 N Martingale Rd Suite 600 | AddressLine1Txt |
| City | Schaumburg | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60173 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JASON LEPPIN | PersonNm |
| Person Title | EXECUTIVE DIRECTOR | PersonTitleTxt |
| Phone | 8477063557 | PhoneNum |
| Signature | 2017-06-12 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Mark Heroux | PreparerPersonNm |
| PTIN | P00959793 | PTIN |
| Phone | 3127298000 | PhoneNum |
| Preparation | 2017-06-12 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 38.88.202.179 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2017-06-12 | IPDt |
| IP Tm | 14:07:18 | IPTm |
| IP Timezone | CD | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | D361CBAA8B0C107A22BE1AD99391E4711098517F | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2016 | TaxYr |
| Build TS | 2018-03-14 21:41:22Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | Yes (X) | AddressChangeInd |
| Principal Officer | Jason Leppin | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 475 N Martingale Rd Ste 600 | AddressLine1Txt |
| City | Schaumburg | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60173 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $1,766,345 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.actuarialfoundation.org | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1994 | FormationYr |
| Legal Domicile State | IL | LegalDomicileStateCd |
| Activity Or Mission | Changing Lives through Math Education - Imagine a future where (See Schedule O) | ActivityOrMissionDesc |
| Voting Members Governing Body | 30 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 30 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 175 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $921,661 | PYContributionsGrantsAmt |
| CY Contributions Grants | $1,099,832 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $1,703 | PYInvestmentIncomeAmt |
| CY Investment Income | $133,214 | CYInvestmentIncomeAmt |
| PY Other Revenue | -$911 | PYOtherRevenueAmt |
| CY Other Revenue | $3,297 | CYOtherRevenueAmt |
| PY Total Revenue | $922,453 | PYTotalRevenueAmt |
| CY Total Revenue | $1,236,343 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $552,395 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $553,458 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $0 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $0 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $19,749 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $536,126 | PYOtherExpensesAmt |
| CY Other Expenses | $483,452 | CYOtherExpensesAmt |
| PY Total Expenses | $1,088,521 | PYTotalExpensesAmt |
| CY Total Expenses | $1,036,910 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$166,068 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $199,433 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $5,766,629 | TotalAssetsBOYAmt |
| Total Assets EOY | $6,326,711 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $198,553 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $255,295 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $5,568,076 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $6,071,416 | NetAssetsOrFundBalancesEOYAmt |
| Mission | WE OFFER TEACHERS FREE MATH ENHANCEMENT MATERIALS FOR THEIR CLASSROOMS. WE PROVIDE INSIGHT FOR CONSUMERS TO EFFICIENTLY MANAGE CHANGING ECONOMIC SITUATIONS. WE PROVIDE ACTUARIES, RESEARCHERS, AND STUDENTS THE OPPORTUNITY TO BENEFIT FROM AWARDS AND SCHOLARSHIPS. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $505,897 | ExpenseAmt |
| Grant | $351,041 | GrantAmt |
| Desc | EDUCATIONTHE 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 2017 COMPETITION WAS DEVELOPED WITH SUPPORT FROM (See Schedule O) | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $39,634 | ExpenseAmt |
| Grant | $31,200 | GrantAmt |
| Desc | Research and Actuarial Education - Research grants are provided tosupport the background work for textbooks, symposia, andpublications to add to the advancement of knowledge in theeducation field of actuarial science. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $13,638 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Desc | Consumer Financial Education - The Foundation provides informationin areas where there are gaps in consumer knowledge andunderstanding of today's financial/economic issues. The materialsdeveloped are non-commercial providing unbiased information forconsumers (general public) to better prepare themselves forfinancial decisions that will be made over their lifetime. TheFoundation creates and disseminates a Financial Smarts newsletterat no cost to the consumer. A primary outlet of distribution isthrough the public library system and the general public. Wedisseminate to over 800 subscribers of print or electronic copiesof the newsletter, with thousands of views via web site of thisfree newsletter. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $224,535 | ExpenseAmt |
| Grant | $171,216 | GrantAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $224,535 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Grant | $171,216 | TotalOtherProgSrvcGrantAmt |
| Total Program Service Expenses | $783,704 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | 0 | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | Yes (1) | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | Yes (1) | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | 0 | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 12 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 30 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 30 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | 0 | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | IL | StatesWhereCopyOfReturnIsFldCd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TIFFANY BERGER | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8477063620 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 475 N MARTINGALE ROAD STE 600 | AddressLine1Txt |
| City | Schaumburg | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60173 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (27 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd |
|---|---|---|---|---|---|---|
| Susan Witcraft | ||||||
| Trustee | 0.25 | Yes (X) | $0 | $0 | $0 | |
| Clark Slipher | ||||||
| Trustee | 0.25 | Yes (X) | $0 | $0 | $0 | |
| Tonya Manning | ||||||
| Trustee | 0.25 | Yes (X) | $0 | $0 | $0 | |
| Roy Goldman | ||||||
| Trustee | 0.25 | Yes (X) | $0 | $0 | $0 | |
| Richard de Haan | ||||||
| Trustee | 0.25 | Yes (X) | $0 | $0 | $0 | |
| Pamela Cone | ||||||
| Trustee | 0.25 | Yes (X) | $0 | $0 | $0 | |
| Michael Wacek | ||||||
| Trustee | 0.25 | Yes (X) | $0 | $0 | $0 | |
| Thomas Corcoran | ||||||
| Trustee | 0.25 | Yes (X) | $0 | $0 | $0 | |
| Doug French | ||||||
| Chair | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| Michael Fusco | ||||||
| Trustee | 0.25 | Yes (X) | $0 | $0 | $0 | |
| Helen Galt | ||||||
| Trustee | 0.25 | Yes (X) | $0 | $0 | $0 | |
| John Schubert | ||||||
| Trustee | 0.25 | Yes (X) | $0 | $0 | $0 | |
| Carol Sears | ||||||
| Trustee | 0.25 | Yes (X) | $0 | $0 | $0 | |
| Amanda Young | ||||||
| Trustee | 0.25 | Yes (X) | $0 | $0 | $0 | |
| Jacques Goulet Jr | ||||||
| Secretary-Treasurer | 0.25 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| A Greig Woodring | ||||||
| Trustee | 0.25 | Yes (X) | $0 | $0 | $0 | |
| John Ehrhardt | ||||||
| Chair-elect | 0.25 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| David Fishbaum | ||||||
| Trustee | 0.25 | Yes (X) | $0 | $0 | $0 | |
| Jane Hamrick | ||||||
| Trustee | 0.25 | Yes (X) | $0 | $0 | $0 | |
| Joseph Nichols | ||||||
| Trustee | 0.25 | Yes (X) | $0 | $0 | $0 | |
| David Sandberg | ||||||
| Trustee | 0.25 | Yes (X) | $0 | $0 | $0 | |
| Brian Donlan | ||||||
| Trustee | 0.25 | Yes (X) | $0 | $0 | $0 | |
| Sarah Hamid | ||||||
| Trustee | 0.25 | Yes (X) | $0 | $0 | $0 | |
| Barry Jacobson | ||||||
| Trustee | 0.25 | Yes (X) | $0 | $0 | $0 | |
| Charles Marino | ||||||
| Trustee | 0.25 | Yes (X) | $0 | $0 | $0 | |
| Michael McLaughlin Jr | ||||||
| Trustee | 0.25 | Yes (X) | $0 | $0 | $0 | |
| Lisa Pawlowski | ||||||
| Trustee | 0.25 | Yes (X) | $0 | $0 | $0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $0 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $0 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | 0 | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $1,099,832 | AllOtherContributionsAmt |
| Noncash Contributions | $31,613 | NoncashContributionsAmt |
| Total Contributions | $1,099,832 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $134,120 | TotalRevenueColumnAmt |
| Exclusion | $134,120 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $529,096 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $530,002 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$906 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$906 | TotalRevenueColumnAmt |
| Exclusion | -$906 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MISCELLANEOUS SALES | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $3,297 | TotalRevenueColumnAmt |
| Exclusion | $3,297 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $3,297 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,236,343 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $136,511 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $340,041 | TotalAmt |
| Program Services | $340,041 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $197,717 | TotalAmt |
| Program Services | $197,717 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,700 | TotalAmt |
| Program Services | $15,700 | ProgramServicesAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,601 | TotalAmt |
| Management And General | $16,601 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,553 | TotalAmt |
| Management And General | $11,553 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $41,560 | TotalAmt |
| Management And General | $41,560 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $196,944 | TotalAmt |
| Program Services | $112,183 | ProgramServicesAmt |
| Management And General | $65,012 | ManagementAndGeneralAmt |
| Fundraising | $19,749 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,980 | TotalAmt |
| Management And General | $14,980 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,912 | TotalAmt |
| Program Services | $4,720 | ProgramServicesAmt |
| Management And General | $11,192 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $30,591 | TotalAmt |
| Management And General | $30,591 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,377 | TotalAmt |
| Management And General | $10,377 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| REIMBURSED EXP - WAGES | $84,313 | $84,313 | |
| PROFESSIONAL FEES | $32,654 | $5,576 | $27,078 |
| REIMBURSED EXP - BENEFI | $23,454 | $23,454 | |
| STAFF TRAINING | $2,426 | $2,426 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,087 | TotalAmt |
| Management And General | $2,087 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,036,910 | TotalAmt |
| Program Services | $783,704 | ProgramServicesAmt |
| Management And General | $233,457 | ManagementAndGeneralAmt |
| Fundraising | $19,749 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $112,338 | BOYAmt |
| EOY | $88,496 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $131,372 | BOYAmt |
| EOY | $268,319 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $142,838 | BOYAmt |
| EOY | $292,406 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,505 | BOYAmt |
| EOY | $7,047 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,375,576 | BOYAmt |
| EOY | $5,670,443 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,766,629 | BOYAmt |
| EOY | $6,326,711 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $198,553 | BOYAmt |
| EOY | $255,295 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $198,553 | BOYAmt |
| EOY | $255,295 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,382,643 | BOYAmt |
| EOY | $3,659,958 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,185,433 | BOYAmt |
| EOY | $2,411,458 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,568,076 | BOYAmt |
| EOY | $6,071,416 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,766,629 | BOYAmt |
| EOY | $6,326,711 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $199,433 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $303,907 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $952,480 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $992,384 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,601,262 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $921,661 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,099,832 | CurrentTaxYearAmt |
| Total | $5,567,619 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $952,480 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $992,384 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,601,262 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $921,661 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,099,832 | CurrentTaxYearAmt |
| Total | $5,567,619 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $125,896 | SubstantialContributorsTotAmt |
| Public Support Total170 | $5,441,723 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $117,737 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $113,400 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $104,619 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $129,019 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $134,120 | CurrentTaxYearAmt |
| Total | $598,895 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | $3,565 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $48,548 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $3,297 | CurrentTaxYearAmt |
| Total | $55,410 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $6,221,924 | TotalSupportAmt |
| Public Support CY170 | 0.87460 | PublicSupportCY170Pct |
| Public Support PY170 | 0.91000 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $0 | TotalBookValueLandBuildingsAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $2,109,088 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $303,907 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $580,391 | DonatedServicesAndUseFcltsAmt |
| Revenue Not Reported | $884,298 | RevenueNotReportedAmt |
| Revenue Subtotal | $1,224,790 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $11,553 | InvestmentExpensesNotIncldAmt |
| Revenue Not Reported Fincl Stmt | $11,553 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $1,236,343 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $1,605,748 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $580,391 | DonatedServicesUseFcltsAmt |
| Expenses Not Reported | $580,391 | ExpensesNotReportedAmt |
| Expenses Subtotal | $1,025,357 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $11,553 | InvestmentExpensesNotIncld2Amt |
| Expenses Not Rpt Fincl Stmt | $11,553 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $1,036,910 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part X, Line 2: | FormAndLineReferenceDesc |
| Explanation | The Foundation follows the accounting standards for contingencies in evaluating uncertain tax positions. The guidance prescribes recognition threshold principles for the financial statement recognition of tax positions taken or expected to be taken on a tax return that are not certain to be realized. No liability has been recognized by the Foundation for uncertain tax positions as of December 31, 2016 and 2015. The Foundation's tax returns are subject to review and examination by federal and state authorities. | ExplanationTxt |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 0 | SubtotalEmployeesCnt |
| Continutation Total Office | 0 | ContinutationTotalOfficeCnt |
| Continutation Total Employee | 0 | ContinutationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Subtotal Spent | $0 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $0 | TotalSpentAmt |
Grants To Org Outside US GrantsToOrgOutsideUSGrp (2 entries)
| RegionRegionTxt | Purpose Of GrantPurposeOfGrantTxt | Cash GrantCashGrantAmt |
|---|---|---|
| Europe (Including Iceland & Greenland) | Research Grant Analysis of Risk Transfer Mechanisms in Funded Pension Schemes | $7,200 |
| North America | rch Grant "Recursive Partitioning Methods for Credibility Theory" | $1,500 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 2 | Total501c3OrgCnt |
Foreign Individuals Grants ForeignIndividualsGrantsGrp (5 entries)
| Type Of AssistanceTypeOfAssistanceTxt | RegionRegionTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt |
|---|---|---|---|
| Caribbean Scholarship - Kaara Sant | Central America and the Caribbean | 1 | $500 |
| Caribbean Scholarship - Oshea L. Miller | Central America and the Caribbean | 1 | $500 |
| Caribbean Scholarship - Oneka Taylor | Central America and the Caribbean | 1 | $1,000 |
| Caribbean Scholarship - Sasha Woodroffe | Central America and the Caribbean | 1 | $2,000 |
| Caribbean Scholarship - Oshea L. Miller | Central America and the Caribbean | 1 | $3,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transfer To Foreign Corp | 0 | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | 0 | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | 0 | PassiveForeignInvestmestCoInd |
| Foreign Partnership | 0 | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (17 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | Cash GrantCashGrantAmt | Valuation Method UsedValuationMethodUsedDesc | Non Cash AssistanceNonCashAssistanceDesc | Purpose Of GrantPurposeOfGrantTxt | IRC SectionIRCSectionDesc |
|---|---|---|---|---|---|---|---|---|---|
| Scholastic Inc | |||||||||
| 557 Broadway | New York | NY | 10012 | 133385513 | $251,667 | n/a | n/a | Support Grant | |
| The University of Texas at Dallas | |||||||||
| 800 W Campbell Rd AD15 | Richardson | TX | 75080 | 453072303 | $6,500 | n/a | n/a | Research Grant | 501(c)(3) |
| Harlem Academy | |||||||||
| 1330 Fifth Avenue | New York | NY | 10026 | 562454573 | $2,750 | n/a | n/a | Support Grant | 501(c)(3) |
| (no name) | |||||||||
| Research Grant | |||||||||
| (no name) | |||||||||
| Research Grant | |||||||||
| (no name) | |||||||||
| Research Grant | |||||||||
| (no name) | |||||||||
| Research Grant | |||||||||
| Hope Academy Charter School | |||||||||
| 601 Grand Ave | Asbury Park | NJ | 07712 | 223785563 | $9,879 | n/a | n/a | Support Grant | 501(c)(3) |
| Anderson School District Five for Lakeside | |||||||||
| 400 Pearman Dairy Road | Anderson | SC | 29625 | 576000222 | $9,600 | n/a | n/a | Support Grant | 501(c)(3) |
| Friends of Columbia Secondary School | |||||||||
| 603 West 115th St | New York | NY | 10025 | 261146491 | $9,426 | n/a | n/a | Support Grant | 501(c)(3) |
| (no name) | |||||||||
| Research Grant | |||||||||
| Addison Middle School | |||||||||
| 219 Comstock Street | Addison | MI | 49221 | 382867998 | $9,000 | n/a | n/a | Support Grant | 501(c)(3) |
| Grande Innovation Academy | |||||||||
| 950N Peart Road | Casa Grande | AZ | 85122 | 475383250 | $2,000 | n/a | n/a | Support Grant | 501(c)(3) |
| Thomas Edison Charter School | |||||||||
| 3531 22nd Street | San Francisco | CA | 94114 | 912162243 | $9,840 | n/a | n/a | Suppor Grant | 501(c)(3) |
| Roberge Elementary School | |||||||||
| 617 Westwood Avenue | River Vale | NJ | 07675 | 113830615 | $4,929 | n/a | n/a | Support Grant | 501(c)(3) |
| Central Washington University - Dr Chinmei Yvonne Cheuh | |||||||||
| 400 E University Way | Ellensburg | WA | 98926 | 916000618 | $9,000 | n/a | n/a | RESEARH Grant | 501(c)(3) |
| EAI Education | |||||||||
| 118 Bauer Drive PO Box 7046 | Oakland | NJ | 07436 | 222381343 | $15,450 | n/a | n/a | Grant | 501(c)(3) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 11 | Total501c3OrgCnt |
| Total Other Org | 1 | TotalOtherOrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (4 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceDesc |
|---|---|---|---|
| Huntington Memorial Scholarship | 10 | $20,000 | Scholarship |
| Diversity Scholarship | 48 | $125,000 | Scholarship |
| Stuart A.Robertson Scholarship | 2 | $18,000 | Scholarship |
| Project Math Mind Scholarship | 9 | $26,500 | Scholarship |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule I, PT I Line 2: | FormAndLineReferenceDesc |
| Explanation | scheduled intervals over the time of the grant. | ExplanationTxt |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 4 | ContributionCnt |
| Noncash Contributions Rpt F990 | $31,613 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | Stock Market Value | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part I, Line 1: | every American has the opportunity to be financially secure. A future where financial worries and stresses 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 individuals 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 contribute 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 III, Line 4a: | the Institute of Competition Sciences, a leader in challenge-based learning programs. The current MTF challenges students across the nation to create the best mathematical models projecting how autonomous vehicles might change the future of transportation, insurance and society at large. 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 booklets are designed to help teens master personal finance principles and prepare for a financially healthy life. Educators are desperate for classroom resources and seek a trusted-partner to provide the latest math and financial literacy education tools. The Foundation is proud to be that partner. Math Motivators is the new tutoring program approved for expansion following a successful pilot in Connecticut. The program helps to close the achievement gap through a volunteer-driven SAT 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. |
| Form 990, Part III, Line 4d: | 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 achieve actuarial designation. In 2016, The Foundation awarded 48 Diversity Scholarships. In 2016, 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 15 scholarships worth $44,000, while the Actuary A Career Change: Elizabeth M. Mauro Reimbursement Program provided 7 individuals making the transition to the actuarial profession with $7,000 in aid. |
| Form 990, Part VI, Section B, line 11b | THE SECRETARY/TREASURER HAS REVIEWED THE 990 ON BEHALF OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 12A: MEMBERS OF THE GOVERNING BODY ARE REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT ANNUALLY. |
| Form 990, Part VI, Section B, line 12c | The Compensation Committee gathers information regarding the Executive Director's salary annually and documents performance along with any merit increase. |
| Form 990, Part VI, Section C, line 19 | If requested, a copy of the 990 is sent via mail or email to the party requesting. |
| Form 990, Part XII, Line 2c: | THERE WERE NO CHANGES IN THE REVIEW PROCESS FROM THE PRIOR YEAR. |
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