2015-05-07T08:17:33-05:00 2014-12-31 Baker Tilly Virchow Krause LLP 205 N Michigan Ave 28th Floor Chicago IL 606015927 990 2014-01-01 363968441 The Actuarial Foundation % TIFFANY BERGER ACTU 8477063500 475 N Martingale Road Suite 600 Schaumburg IL 60173 EILEEN STREU Executive Director 8477063620 2015-04-30 true Mark Heroux P00959793 8477063620 2014 2016-02-25 16:41:14Z Eileen Streu 475 N Martingale Road Schaumburg IL 60173 1972875 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). 29 29 0 175 0 992384 1601262 0 0 850175 359760 -3245 -151148 1839314 1809874 850065 602446 0 0 0 0 0 0 14032 580451 563738 1430516 1166184 408798 643690 5236318 5907010 166659 183004 5069659 5724006 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 514601 355749 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. 86213 62000 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. 55509 40000 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 600 subscribers of print or electronic copies of the newsletter, with thousands of views via web site of this free newsletter. 189501 144697 Scholarships 12357 General Foundation Newsletter 201858 144697 858181 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 false false false false false false false false false true 10 0 0 false false false false false false false false false false X 29 29 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 600 Schaumburg IL 60173 Craig Baldwin Immediate Past-Chair 0.25 0.0 X 0 0 0 Cindy Miller Chair 2.0 0.0 X X 0 0 0 Cecil Bykerk Trustee 0.25 0.0 X 0 0 0 Thomas Corcoran Trustee 0.25 0.0 X 0 0 0 Robert Deutsch Trustee 0.25 0.0 X 0 0 0 Doug French Trustee 0.25 0.0 X 0 0 0 Michael Fusco Trustee 0.25 0.0 X 0 0 0 Maureen Hager Trustee 0.25 0.0 X 0 0 0 Helen Galt Chair-Elect 2.0 0.0 X X 0 0 0 Curtis Hamilton Trustee 0.25 0.0 X 0 0 0 John Kollar Trustee 0.25 0.0 X 0 0 0 Warren Luckner Secretary/Treasurer 1.5 0.0 X X 0 0 0 Kathy Olcese Trustee 0.25 0.0 X 0 0 0 Steve Schreiber Trustee 0.25 0.0 X 0 0 0 John Schubert Trustee 0.25 0.0 X 0 0 0 Carol Sears Trustee 0.25 0.0 X 0 0 0 Dorn Swerdlin Trustee 0.25 0.0 X 0 0 0 Dale Yamamoto Trustee 0.25 0.0 X 0 0 0 Amanda Young Trustee 0.25 0.0 X 0 0 0 Kevin Cormier Trustee 0.25 0.0 X 0 0 0 James Forbush Trustee 0.25 0.0 X 0 0 0 Jacques Goulet Jr Trustee 0.25 0.0 X 0 0 0 Greig Woodring Trustee 0.25 0.0 X 0 0 0 Ronald Bachman Trustee 0.25 0.0 X 0 0 0 John Ehrhardt Trustee 0.25 0.0 X 0 0 0 David Fishbaum Trustee 0.25 0.0 X 0 0 0 Jane Hamrick Trustee 0.25 0.0 X 0 0 0 Joseph Nichols Trustee 0.25 0.0 X 0 0 0 David Sandberg Trustee 0.25 0.0 X 0 0 0 0 0 0 0 false false false 0 443785 1157477 22584 1601262 0 104619 104619 0 0 0 0 0 263429 8288 255141 255141 255141 0 443785 154713 -154713 -154713 0 0 MISCELLANEOUS SALES 900099 3565 3565 3565 1809874 208612 562249 562249 27447 27447 12750 12750 0 0 0 0 0 0 0 0 15484 15484 12362 12362 0 0 0 0 34778 34778 147472 122047 13258 12167 6141 6141 0 0 12800 3289 7863 1648 0 28519 28519 0 0 0 3095 3095 PROFESSIONAL FEES 27403 5311 22092 REIMBURSED EXP - WAGES 217892 98881 118794 217 STAFF TRAINING 1800 1800 REIMBURSED EXP - BENEFITS 55867 26207 29660 125 125 1166184 858181 293971 14032 143468 138411 255132 551009 26640 43721 0 0 0 0 0 0 0 0 0 0 5289 15411 0 4805789 5158458 0 0 0 0 0 0 0 0 5236318 5907010 164659 181004 0 0 2000 2000 0 0 0 0 0 0 0 0 0 0 0 0 166659 183004 X 3416376 3572638 1653283 2151368 0 0 5069659 5724006 5236318 5907010 643690 10657 X false true X true false X 1040971 947689 952480 992384 1601262 5534786 0 0 1040971 947689 952480 992384 1601262 5534786 0 5534786 100203 103954 117737 113400 104619 539913 0 3565 3565 6078264 0.91059 0.90160 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 X 2290431 336500 336500 1953931 10656 -154713 -144057 1809874 1646741 336500 336500 1310241 10656 -154713 -144057 1166184 Schedule D, Part XI, Line 4b: Special Event Expense: $154,713 Schedule D, Part XII, Line 4b: Special Event Expense: $154,713 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, 2014 and 2013. 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 2011 and thereafter are open to examination by federal and state authorities. Hanson Prize North America 1 1000 check n/a n/a Scholarship Award Central America and the Caribbean 1 250 check N/A N/A Research Grant North America 1 3000 check n/a n/a Research Grant North America 1 2000 check n/a n/a Scholarship award Central America and the Caribbean 1 500 check N/A N/A false false false false false false All States 20th Anniv 370685 370685 110883 Refocus event 73100 73100 43830 0 443785 443785 154713 154713 -154713 true Scholastic Inc 557 Broadway New York NY 10012 133385513 501(c)(3) 251667 n/a n/a Support Grant Plaza Towers Elementary School Central Junior High 400 N Broadway Moore OK 73160 736021049 501(c)(3) 7500 n/a n/a Support Grant Briarwood Elementary School 16001 S Western Ave Oklahoma City OK 73170 736021049 501(c)(3) 7500 n/a n/a Support Grant Southington Public School District 200 N Main Street Southington CT 06489 222516646 501(c)(3) 27895 n/a n/a Support Grant Grant High School 2245 NE 36th Ave Portland OR 97212 943235722 501(c)(3) 5028 n/a n/a Support Grant Federal Alliance for Safe Homes (FLASH) 1427 E Piedmont Dr Suite 2 Tallahassee FL 32308 593641392 501(c)(3) 40000 n/a n/a See Part IV Univeristy of Wisconsin - Milwaukee 3202 N Downer Ave Milwaukee WI 53211 390743975 501(c)(3) 14000 n/a n/a Research Grant The University of Texas at Dallas 800 W Campbell Rd AD15 Richardson TX 75080 453072303 501(c)(3) 6500 n/a n/a Research Grant University of Illinois Urbana-Champaign See Part IV Champaign IL 61820 376000051 501(c)(3) 8000 n/a n/a Research Grant University of Connecticut See Part IV Storrs CT 06269 066070722 501(c)(3) 7500 n/a n/a Scholarship 10 3 Research Grant 1 13000 n/a n/a Research Grant 1 8000 n/a n/a ERM Prize 2014 1 5000 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. Schedule I, Part II, Line 6: Consumer Financial Grant Schedule I, Part II, LIne 9: University of Illinois Urbana-Champaign 1901 S. First Street, Suite A M/C 685 Champaign, IL 61820 Schedule I, Part II, Line 10: University of Connecticut 233 Glenbrook Road, Unit 4100 Storrs, CT 06269 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, 56 students were awarded scholarships to offset the cost of their education. Expenses: $189,501 Grants of: $144,697 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: $12,537 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.