2022-11-15T19:50:07-05:00 2021-12-31 990 2021-01-01 366142798 AMERICAN ACADEMY OF ACTUARIES % WILLIAM MICHALISIN AMER 2022238196 1850 M ST NW STE 300 WASHINGTON DC 200365805 Thomas Hopkins Chief Financial Officer 2022-11-15 false 2021 2022-09-23 18:48:47Z WILLIAM MICHALISIN 1850 M ST NW STE 300 WASHINGTON DC 200365805 16009839 false X www.actuary.org X 1966 IL The Academy's mission is to serve the public and the United States actuarial profession. 18 18 43 1100 266107 37339 0 0 12967110 13436651 788908 1474310 255147 1098878 14011165 16009839 138000 125000 0 0 6901468 6773645 0 0 0 5727829 5655368 12767297 12554013 1243868 3455826 27192112 30964480 11994365 11329966 15197747 19634514 The Academy's mission is to serve the public and the United States actuarial profession. false false 0 0 0 Provided independent and objective actuarial information analysis and education for the formation of public policy; Identified and addressed issues on behalf of the public in matters where actuarial science provided an understanding; Increased the public's understanding and recognition of the value of the actuarial profession; Facilitated and coordinated issues of common interest among the U.S.-based actuarial actuarial associations; and coordinated the representation of the U.S. profession globally. 0 0 0 Established and improved standards of actuarial practice. These Actuarial Standards of Practice ASOPs identify what the actuary should consider document and disclose when performing an actuarial assignment. Set standards for appropriate practice in the United States. 0 0 0 Strengthened members' adherence to the recognized standards of ethical and professional conduct. Responded to actuaries' request for guidance on professional issues and considered complaints about possible violations of the actuarial Codes of Professional Conduct and conducted educational outreach efforts. 0 0 0 0 false false false true false false false false true true false false false true true true false false false false false false false false false false true false true false false false false false false false false false false false false false false true 30 0 true 43 true true true false false false true true false false false X 18 18 false false false false true true true true true false false false true true true true true true true false X Thomas Hopkins 2022238196 1850 M ST NW STE 300 WASHINGTON DC 200365805 Maryellen Coggins President 1.00 0.00 X X 0 0 0 Ken Kent President - Elect 1.00 0.00 X X 0 0 0 Tom Campbell Immediate Past President 1.00 0.00 X 0 0 0 D Joeff WIlliams Penultimate President 1.00 0.00 X 0 0 0 Cathy Murphy Barron Secretary Treasurer 1.00 0.00 X X 0 0 0 Lauren Cavanuagh VP Casualty 1.00 0.00 X X 0 0 0 Benjamin Slutsker VP Life 1.00 0.00 X X 0 0 0 Al Schmitz VP Health 1.00 0.00 X X 0 0 0 Sherry Chan VP Pension 1.00 0.00 X X 0 0 0 Seong min Eom VP Risk Management Financial Reporting 1.00 0.00 X X 0 0 0 Al Buingham VP Professionalism and Education 1.00 0.00 X X 0 0 0 Margaret Berger Director 1.00 0.00 X 0 0 0 Annette James Director 1.00 0.00 X 0 0 0 Dorothy Andrews Director 1.00 0.00 X 0 0 0 Chris Carlson Director 1.00 0.00 X 0 0 0 Jason Russell Director 1.00 0.00 X 0 0 0 Pete Weber Director 1.00 0.00 X 0 0 0 Ken Kasner Director 1.00 0.00 X 0 0 0 Barbara Klever Director 1.00 0.00 X 0 0 0 Frank Todisc Director 1.00 0.00 X 0 0 0 Bob Beuerlein Director 1.00 0.00 X 0 0 0 Laura Hansen VP Casualty 1.00 0.00 X 0 0 0 Tim Geddes VP Pension 1.00 0.00 X 0 0 0 Gareth Kennedy VP Risk Management Financial Reporting 1.00 0.00 X 0 0 0 Andy Ferris Director 1.00 0.00 X 0 0 0 Aaron Weindling 1.00 0.00 X 0 0 0 Mary Downs Former Executive Director 50.00 0.00 X 301309 0 32257 William Michalisin Executive Director 50.00 0.00 X 162666 0 5898 Thomas Hopkins CFO 50.00 0.00 X 237847 0 40118 Craig Hanna Director of Public Policy 50.00 0.00 X 336417 0 60469 Brian Jackson General Counsel 50.00 0.00 X 245900 0 38906 David Nolan Director of Communications 50.00 0.00 X 217492 0 61238 Kasha Shelton Director of Membership 50.00 0.00 X 140448 0 27758 Joanne Anderson Director of Finance 50.00 0.00 X 178009 0 38150 Christopher Cassidy Asst Director of IT 50.00 0.00 X 166289 0 59251 Gail Ingram Asst Director of HR 50.00 0.00 X 152657 0 53673 Steven Jackson Asst Director Research 50.00 0.00 X 144600 0 21700 Eric Harding Asst Dir of Publications 50.00 0.00 X 141527 0 36944 2425161 0 476362 23 false true false HOGAN LOVELLS US LLP 555 Thirteenth St NW Washington DC 20004 Legal Services 414853 CORI E UCCELLO 3625 10TH ST N UNIT 607 Arlington VA 22201 Consulting 286676 WELLINGTON EXPERIENCE INC 7309 W 80th Street Suite 300 Overland Park KS 66204 Audio Visual 268081 BENNETT ENTERPRISES LLC 2885 Devonshire Place Woodbury MN 55125 Consulting 255512 LINDA K STONE 820 Potts Lane Bryn Mawr PA 19010 Consulting 253200 16 0 0 0 0 0 0 0 0 Membership Dues 900099 11988515 11988515 0 0 Meeting Revenue 611430 492367 492367 0 0 Webcast Revenue 519130 332730 332730 0 0 Service Fees 541900 358376 358376 0 0 Manual Sales 611430 232500 232500 0 0 32163 32163 0 0 13436651 1474310 0 0 1474310 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Magazine Advertising 541800 266107 0 266107 0 Insurance Proceeds 832771 0 0 832771 0 0 0 0 0 0 0 0 1098878 16009839 13436651 266107 2307081 125000 0 0 0 0 0 0 0 2040293 0 0 0 0 0 0 0 3466573 0 0 0 485050 0 0 0 393093 0 0 0 388636 0 0 0 0 0 0 0 547221 0 0 0 44645 0 0 0 12127 0 0 0 0 0 0 0 0 0 980380 0 0 0 0 0 0 0 180171 0 0 0 202911 0 0 0 0 0 0 0 954950 0 0 0 85451 0 0 0 0 0 0 0 672371 0 0 0 0 0 0 0 0 0 0 0 141273 0 0 0 58636 0 0 0 Printing & Publications 586289 0 0 0 Practice Councils 285397 0 0 0 Credit Card Fees 367103 0 0 0 UBIT 7220 0 0 0 529223 0 0 0 12554013 0 0 0 0 0 0 0 3434344 4459600 4087937 1244736 0 0 366113 395879 0 0 0 0 0 0 0 0 471041 342432 3604302 2745558 939445 858744 17734483 23531120 0 0 0 0 0 0 158749 131969 27192112 30964480 1380627 1340404 0 0 7857115 8054145 0 0 0 0 0 0 0 0 0 0 2756623 1935417 11994365 11329966 X 15197747 19634514 0 0 15197747 19634514 27192112 30964480 3455826 400216 0 0 0 580725 X false true X true false false false true 11988515 81322 -353543 -272221 119985 -392106 149164 0 15 0 0 0 149179 148685 0 479 0 0 0 149164 145702 0 2983 0 0 0 148685 143289 0 2413 0 0 0 145702 142214 0 1075 0 0 0 141289 1 0 0 false false 2252125 1659504 592621 567558 385092 182466 784619 700962 83657 858744 Deferred Rent 2056984 Defined Benefit Pension Liability -121567 1935417 X 16410055 400216 400216 16009839 0 16009839 12554013 0 12554013 0 12554013 Part V, line 4 The Academy maintains a Board designated fund in anticipation of potential legal expenses associated with counseling and discipline activities. Part X, line 2 The Academy's audited financial statements FIN 48 ASC 740 footnote addresses the Academy's liability for uncertain tax position as follows "The Academy adopted the authoritative guidance relating to accounting for uncertainty in income taxes included in ASC Topic Income Taxes. These provisions provide consistent guidance for the accounting for uncertainty in income taxes recognized in an entity's financial statements and prescribe a threshold of more likely than not for recognition and de-recognition of tax positions taken or expected to be taken in a tax return. The Academy performed an evaluation of uncertain tax positions for the years ended December 31 2021 and 2020 and determined that there were no matters that would require recognition in the financial statements or that may have an effect on its tax-exempt status. It is the Academy's policy to recognize interest and or penalties related to uncertain tax positions if any in unrelated business income tax expense. As of December 31 2021 the statute of limitations for fiscal years 2018 through 2020 remain open with the U.S. and District of Columbia jurisdictions." true The Actuarial Foundation 475 N Martingale Rd Suite 600 Schaumburg IL 60173 363968441 501(c)(3) 125000 0 N A N A General Assistance 1 0 Part I Line 2 The Academy's Board of Directors reviews and approves the amount of the grant purpose and payment annually. Periodic financial programmatic and management reports are presented by The Actuarial Foundation to the Academy's Board of Directors and Staff. X X false false false Mary Downs Former Executive Director 301309 0 0 0 2472 0 31000 0 1257 0 336038 0 0 0 William Michalisin Executive Director 162666 0 0 0 90 0 0 0 5898 0 168654 0 0 0 Thomas Hopkins CFO 237847 0 25000 0 1032 0 9302 0 30815 0 303996 0 0 0 Craig Hanna Director of Public Policy 336417 0 27500 0 1032 0 43575 0 16894 0 425418 0 0 0 Brian Jackson General Counsel 245900 0 20000 0 1032 0 36703 0 2203 0 305838 0 0 0 David Nolan Director of Communications 217492 0 27500 0 552 0 29604 0 31634 0 306782 0 0 0 Kasha Shelton Director of Membership 140448 0 25000 0 360 0 18604 0 9154 0 193566 0 0 0 Joanne Anderson Director of Finance 178009 0 5000 0 1584 0 23748 0 14403 0 222744 0 0 0 Christopher Cassidy Asst Director of IT 166289 0 8500 0 1584 0 24238 0 35013 0 235624 0 0 0 Gail Ingram Asst Director of HR 152657 0 10000 0 1584 0 22825 0 30847 0 217913 0 0 0 Steven Jackson Asst Director Research 144600 0 15000 0 3048 0 20157 0 1544 0 184349 0 0 0 Eric Harding Asst Dir of Publications 141527 0 4000 0 240 0 16083 0 20861 0 182711 0 0 0 Part VI, Line 6 The Academy had 19,722 members as of 12 31 21. Members are entitled to attend meetings vote hold office serve as elected Directors make nominations serve on committees and generally exercise the rights of full membership. Part VI, Line 7a The Academy has members who may elect some members of the governing body. Part VI, Line 7b Academy Bylaws amendments that are proposed by the Board of Directors that affect the substantive rights of Academy members require an affirmative vote of two-thirds of the members voting. Part VI, Line 11a The Academy's CFO prepares the Form 990 which is reviewed in its entirety by the Academy's Executive Director and independent accountant before it is filed. Part VI, Line 12c The Academy requires all members that volunteer on any Academy boards councils committees sub-committees task forces and work groups collectively "Committees" to acknowledge annually the Academy's Conflict of Interest Policy. A formal acknowledgement is provided for this purpose. Volunteers not providing the acknowledgement are removed from their respective Committees. If a real or perceived conflict of interest exists it is reviewed by the respective Committee governing body and Academy's General Counsel and may result in removal of the volunteer from their respective Committee or recusal from participating in the affected transaction. Part VI, Line 15 The Academy conducts a formal annual compensation study "Staff Study" every year for all staff other than the Executive Director. The Academy also performs a formal compensation study for the Executive Director every few years. The most recent Executive Director study was conducted in 2019. The studies are conducted by an independent external consultant and include benchmark analysis and specific recommendations on compensation levels. The Staff Study is reviewed by the Academy's Personnel and Compensation Committee which approves all non-Executive Director salary grade levels. The Committee's deliberations and decisions are contemporaneously documented in meeting minutes. The Executive Director Study is reviewed by the Academy's President's Advisory Committee PAC and the President approves the Executive Director's compensation level. The PAC's deliberations and decisions are contemporaneously documented by the President. Part VI, Line 19 The Academy makes its governing documents Conflict of Interest Policy and most recent audited financial statement available on its website at www.actuary.org. Part XI, Line 9 | Description:, Explanation:, Amount:| Pension related charges other than net periodic pension costs., Pension related charges other than net periodic pension costs., $580725|