2016-05-23T10:02:34-05:00 2015-12-31 Baker Tilly Virchow Krause LLP 205 N Michigan Ave 28th Floor Chicago IL 606015927 990 2015-01-01 363968441 The Actuarial Foundation % TIFFANY BERGER ACTU 8477063557 475 N Martingale Rd Ste 500 Suite Schaumburg IL 60173 JASON LEPPIN EXECUTIVE DIRECTOR 8477063557 2016-05-12 Mark Heroux P00959793 8477063557 2015 2016-09-27 15:27:22Z JASON LEPPIN 475 N Martingale Rd Ste 500 Schaumburg IL 60173 2321735 false X www.actuarialfoundation.org X 1994 IL We offer teachers free math enhancement materials for their classrooms. We provide insight for consumers to efficiently manange changing economic situations. (See Schedule O). 30 30 0 165 0 1601262 921661 0 0 359760 1703 -151148 -911 1809874 922453 602446 552395 0 0 0 0 0 0 21805 563738 536126 1166184 1088521 643690 -166068 5907010 5766629 183004 198553 5724006 5568076 X 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. false false 576690 356484 Youth Education - The Foundation's focus in youth education covers levels 4-12 through a variety of educational curriculum, programs and grants to enhance the teaching and learning of mathematics. Grants are provided to teachers to develop math enhancing programs for their students that bridge the gap when applying what is learned in the classroom and real-world/hands-on mathematics. These grants are used for material costs to implement their desired math program. The Foundation develops math curriculum, for all learning levels, for teachers' use in the classroom as stand-alone curriculum or to supplement the textbooks provided. The curriculum is provided to teachers and their students at no cost to them. Curriculum developed and disseminated annually reaches over 150,000 teachers, impacting millions of students. 68524 55258 Research and Actuarial Education - Research grants are provided to support the background work for textbooks, symposia, and publications to add to the advancement of knowledge in the education field of actuarial science. 11985 Consumer Financial Education - The Foundation provides information in areas where there are gaps in consumer knowledge and understanding of today's financial/economic issues. The materials developed are non-commercial providing unbiased information for consumers (general public) to better prepare themselves for financial decisions that will be made over their lifetime. The Foundation creates and disseminates a Financial Smarts newsletter at no cost to the consumer. A primary outlet of distribution is through the public library system and the general public. We disseminate to over 800 subscribers of print or electronic copies of the newsletter, with thousands of views via web site of this free newsletter. 180369 140653 Scholarships 10057 General Foundation Newsletter 190426 140653 847625 true true false false false false false false false false false false false false true true false false false false true true false true false false true true false false false false false false false false false true false false false false false false false false true 6 0 0 false false false false false false false false false false X 30 30 false false false false false false false true true false false false true true true true true false false false IL X X TIFFANY BERGER 8477063620 475 N MARTINGALE ROAD STE 500 Schaumburg IL 60173 X Cecil Bykerk Trustee 0.25 X Thomas Corcoran Trustee 0.25 X Robert Deutsch Trustee 0.25 X Doug French Chair-Elect 2.0 X X Michael Fusco Trustee 0.25 X Maureen Hager Trustee 0.25 X Helen Galt Chair 2.0 X X John Kollar Trustee 0.25 X Warren Luckner Trustee 0.25 X Steve Schreiber Trustee 0.25 X John Schubert Trustee 0.25 X Carol Sears Trustee 0.25 X Dale Yamamoto Trustee 0.25 X Amanda Young Trustee 0.25 X Kevin Cormier Trustee 0.25 X James Forbush Trustee 0.25 X Jacques Goulet Jr Secretary-Treasurer 0.25 X X Greig Woodring Trustee 0.25 X Ronald Bachman Trustee 0.25 X John Ehrhardt Trustee 0.25 X David Fishbaum Trustee 0.25 X Jane Hamrick Trustee 0.25 X Joseph Nichols Trustee 0.25 X David Sandberg Trustee 0.25 X Brian Donlan Trustee 0.25 X Sarah Hamid Trustee 0.25 X Barry Jacobson Trustee 0.25 X Charles Marino Trustee 0.25 X Michael McLaughlin Jr Trustee 0.25 X Lisa Pawlowski Trustee 0.25 X 0 false false false 0 61200 860461 27254 921661 0 129019 129019 0 0 0 0 0 1222507 1349823 -127316 -127316 -127316 0 61200 49459 -49459 -49459 0 0 MISCELLANEOUS SALES 900099 48548 48548 48548 922453 792 508505 508505 14807 14807 29083 29083 0 0 0 0 0 0 0 0 14867 14867 0 0 0 0 0 8110 8110 199587 171364 14664 13559 7047 7047 0 0 14379 5405 8974 0 33341 3163 30178 0 0 0 10377 10377 PROFESSIONAL FEES 117709 4657 113052 REIMBURSED EXP - WAGES 104126 87580 8300 8246 STAFF TRAINING 3339 3339 REIMBURSED EXP - BENEFITS 23061 23061 183 183 1088521 847625 219091 21805 138411 112338 551009 131372 43721 142838 0 0 0 0 0 0 0 0 0 0 15411 4505 0 5158458 5375576 0 0 0 0 0 0 0 0 5907010 5766629 181004 198553 0 0 2000 0 0 0 0 0 0 0 0 0 0 0 0 0 183004 198553 X 3572638 3382643 2151368 2185433 0 0 5724006 5568076 5907010 5766629 -166068 10138 X false true X true false X 947689 952480 992384 1601262 921661 5415476 0 0 947689 952480 992384 1601262 921661 5415476 0 5415476 103954 117737 113400 104619 129019 568729 0 3565 48548 52113 6036318 0.89715 0.91059 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 X 1487770 525996 525996 961774 10138 -49459 -39321 922453 1653838 525996 525996 1127842 10138 -49459 -39321 1088521 Schedule D, Part XI, Line 4b: Special Event Expense: $49,459 Schedule D, Part XII, Line 4b: Special Event Expense: $49,459 Schedule D, Part X, Line 2: 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, 2015 and 2014. The Foundation's tax returns are subject to review and examination by federal and state authorities. The tax returns for the current year as well as fiscal years 2012 and thereafter are open to examination by federal and state authorities. Research Grant North America 3 15583 Check n/a n/a Research Grant Europe (Including Iceland and Greenland) 3 8500 Check n/a n/a ERM Prize 2015 Europe (Including Iceland and Greenland) 3 5000 Check n/a n/a false false false false false false Refocus Event 61200 61200 49459 0 61200 61200 49459 49459 -49459 true Scholastic Inc 557 Broadway New York NY 10012 133385513 501(c)(3) 251667 n/a n/a Support Grant Southington Public School District 200 N Main Street Southington CT 06489 222516646 501(c)(3) 36135 n/a n/a Support Grant Univeristy of Wisconsin - Milwaukee 3202 N Downer Ave Milwaukee WI 53211 390743975 501(c)(3) 9000 n/a n/a Research Grant Immaculate Heart Central Schools 1 Sterling Place Watertown NY 13603 160926742 501(c)(3) 6340 n/a n/a Research Grant University of Illinois Urbana-Champaign 1901 S First St Suite A M/C 685 Champaign IL 61820 376000051 501(c)(3) 7000 n/a n/a Research Grant Hope Academy Charter School 601 Grand Ave Asbury Park NJ 07712 223785563 501(c)(3) 9831 n/a n/a Support Grant Anderson School District Five for Lakeside 400 Pearman Dairy Road Anderson SC 29625 576000222 501(c)(3) 9650 n/a n/a Support Grant Friends of Columbia Secondary School 603 West 115th St 433 New York NY 10025 261146491 501(c)(3) 9500 n/a n/a Support Grant University of Wisconsin - Madison 975 University Ave Madison WI 53706 396006492 501(c)(3) 6330 n/a n/a Research Grant University of Nebraska - Lincoln 17 Canfield Administration Building PO Box 880411 Lincoln NE 68588 470049123 501(c)(3) 9000 n/a n/a Scholarship 10 1 Research Grant 1 8654 n/a n/a Schedule I, PT I Line 2: Grants provided to organizations are required to provide an evaluation at scheduled intervals over the time of the grant. X 4 27255 Stock Market Value false true false Form 990, Part I, Line 1: We provide actuaries, researchers, and students the opportunity to benefit from awards and scholarships. Form 990, Part III, Line 4d: Scholarships - Scholarships are provided to students who have a strong affinity for math and/or who wish to pursue the actuarial science field to recognize and encourage the academic achievements of undergraduate students. Through four scholarship programs, 58 students were awarded scholarships to offset the cost of their education. Expenses: $180,369 Grants of: $140,653. General Foundation Newsletter - This is a quarterly newsletter that highlights the work of The Actuarial Foundation. Content provides the reader with current Foundation activities, impacts made from the grant program, and how to whom the programs of the Foundation have been disseminated. Expenses: $10,056 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.