2022-11-15T15:27:50-06:00 2021-12-31 381357951 PLANTE & MORAN PLLC 10 S RIVERSIDE PLAZA 9TH FLOOR CHICAGO IL 60606 990 2021-01-01 362136422 SOCIETY OF ACTUARIES RESEARCH INSTITUTE SOCI 8477063500 475 N MARTINGALE ROAD 600 SCHAUMBURG IL 601732252 GREGORY HEIDRICH CEO 8477063500 2022-11-09 1 GREGORY HEIDRICH 999009999 LU ANN TRAPP P01506476 3122071040 2022-11-09 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z GREGORY HEIDRICH 475 N MARTINGALE ROAD 600 SCHAUMBURG IL 601732252 24404446 0 X WWW.SOA.ORG X 1948 IL EMPHASIZES THE SKILLSET AND THOUGHT LEADERSHIP OF ACTUARIES, AND HELPS PROVIDE (SEE SCHEDULE O) INSIGHTS TO MEMBERS, BUSINESSES, OTHER STAKEHOLDERS AND THE PUBLIC ON SOCIALLY RELEVANT TOPICS. 18 18 178 1349 0 0 277797 410785 6100306 0 5767779 2845696 0 0 12145882 3256481 2363665 2317932 0 0 3898918 4373738 0 0 0 1193954 1383265 7456537 8074935 4689345 -4818454 75725864 66013531 15426111 9412315 60299753 56601216 SERVING AS THE RESEACH ARM OF THE SOCIETY OF ACTUARIES, THE SOA RESEARCH INSTITUTE PROVIDES OJBECTIVE, DATA-DRIVEN RESEARCH BRINGING TOGETHER TRIED AND TRUE PRACTICES AND FUTURE-FOCUSED APPROACHES TO ADDRESS SOCIETAL CHALLENGES AND BUSINESS NEEDS. 0 0 7379061 2317932 SOA RI SERVES AN IMPORTANT PUBLIC AND SOCIETAL SERVICE BY PROVIDING A VALUABLE CONTRIBUTION TO THE BODY OF KNOWLEDGE IN THE VARIOUS AREAS OF ACTUARIAL SCIENCE. THIS INCLUDES (BUT IS NOT LIMITED TO) LEADING-EDGE RESEARCH ON AGING AND RETIREMENT, ACTUARIAL INNOVATION AND TECHNOLOGY, MORTALITY AND LONGEVITY, DIVERSITY, EQUITY AND INCLUSION, HEALTH CARE COST TRENDS, AND CATASTROPHE AND CLIMATE. SOA RI ALSO IS THE LEADING PROVIDER OF EXPERIENCE STUDIES, WHICH ARE WIDELY USED BY ACTUARIES TO DEVELOP FINANCIALLY SECURE INSURANCE SYSTEMS. MANY OUTPUTS OF SOA RI RESEARCH ARE ALSO REFERENCED BY POLICYMAKERS FOR VALUABLE BACKGROUND AND INSIGHT AS THEY DEVELOP LEGISLATION TO MEET PUBLIC NEEDS IN RELEVANT AREAS. 7379061 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 1 1 1 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 38 0 1 178 1 0 1 CA 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 IL X ROSE FEALY 8477063500 475 N MARTINGALE DR STE 600 SCHAUMBURG IL 601732252 X GREG HEIDRICH CEO 4.00 36.00 X 732791 0 61891 STACY LIN DEPUTY CEO/CFO 4.00 36.00 X 420990 0 75371 R DALE HALL MANAGING DIRECTOR RESEARCH 4.00 36.00 X 375980 0 70844 KEN GUTHRIE MANAGING DIRECTOR EDUCATION 4.00 36.00 X 369850 0 70068 MICHAEL BOOT MANAGING DIRECTOR, ENGAGEMENT 4.00 36.00 X 331016 0 53634 RICHARD VEYS GENERAL COUNSEL 4.00 36.00 X 324749 0 57285 ANDREW PETERSON SR. DIRECTOR, INTERNATIONAL 4.00 36.00 X 265848 0 59378 JOSEPH WURZBURGER SR. DIRECTOR, STRATEGY 4.00 36.00 X 255363 0 58507 STUART KLUGMAN SR STAFF FELLOW 4.00 36.00 X 265019 0 38925 EMILY KESSLER SR STAFF FELLOW 4.00 36.00 X 261018 0 39202 TIMOTHY MOBERLY SR. DIRECTOR, ITS 4.00 36.00 X 246894 0 47457 CYNTHIA MACDONALD SR. DIRECTOR, EXPERIENCE STUDIES 4.00 36.00 X 236894 0 56284 MONIKA MCGUIRE GENERAL COUNSEL 4.00 36.00 X 229726 0 58143 ANNA CLARKE SR. DIRECTOR, MARKETING 4.00 36.00 X 245093 0 37774 LISA SCHILLING SR STAFF FELLOW 4.00 36.00 X 238526 0 25731 COURTNEY NASHAN SR DIRECTOR ENGAGEMENT 4.00 36.00 X 214525 0 44383 WILLIAM FORNIA SECRETARY/TREASURER 1.00 1.00 X X 0 0 0 JENNIFER GILLESPIE PRESIDENT 1.00 1.00 X X 0 0 0 ROY GOLDMAN PAST PRESIDENT 1.00 1.00 X X 0 0 0 LISA KUKLINSKI SECRETARY/TREASURER 1.00 1.00 X X 0 0 0 ANDY RALLIS PRESIDENT 1.00 1.00 X X 0 0 0 JOHN ROBINSON PRESIDENT-ELECT 1.00 1.00 X X 0 0 0 JULIE CURTIS BOARD MEMBER 1.00 1.00 X 0 0 0 ARPITA DAS BOARD MEMBER 1.00 1.00 X 0 0 0 JOSEE DEROY BOARD MEMBER 1.00 1.00 X 0 0 0 DAVID DILLON BOARD MEMBER 1.00 1.00 X 0 0 0 ROBERT EATON BOARD MEMBER 1.00 1.00 X 0 0 0 SHARON GIFFEN BOARD MEMBER 1.00 1.00 X 0 0 0 SARA GOLDBERG BOARD MEMBER 1.00 1.00 X 0 0 0 JENNIFER HAID BOARD MEMBER 1.00 1.00 X 0 0 0 AMANDA HUG BOARD MEMBER 1.00 1.00 X 0 0 0 DAVID INGRAM BOARD MEMBER 1.00 1.00 X 0 0 0 MARY RAMSAY BOARD MEMBER 1.00 1.00 X 0 0 0 SARA TEPPEMA BOARD MEMBER 1.00 1.00 X 0 0 0 MERCY UAN BOARD MEMBER 1.00 1.00 X 0 0 0 NAZIR VALANI BOARD MEMBER 1.00 1.00 X 0 0 0 LING-LING WANG BOARD MEMBER 1.00 1.00 X 0 0 0 SI XIE BOARD MEMBER 1.00 1.00 X 0 0 0 XU XUAN BOARD MEMBER 1.00 1.00 X 0 0 0 YING ZHAO BOARD MEMBER 1.00 1.00 X 0 0 0 5014282 0 854877 57 0 1 0 MILLIMAN INC 1301 5TH AVE SUITE 3800 SEATTLE WA 98101 CONSULTANT 157239 LL GLOBAL 300 DAY HILL ROAD WINDSOR CT 06095 RESEARCHER 145900 RISK & REGULATORY CONSULTING LLC 20 BATTERSON PARK ROAD FARMINGTON CT 06095 RESEARCHER 130880 MATHEW GREENWALD & ASSOCIATES 4201 CONNECTICUT AVE NW SUITE 620 WASHINGTON DC 20008 RESEARCHER 118300 ROB MONTGOMERY 215 S PROSPECT STREET GRANVILLE OH 43023 RESEARCHER 108432 7 176184 234601 410785 1642898 1642898 22350763 21147965 1202798 1202798 1202798 3256481 0 0 2845696 1864827 1864827 119444 119444 333661 333661 866913 779962 86951 2654832 2388552 266280 282521 254184 28337 344205 309681 34524 225267 202673 22594 122024 122024 512420 490154 22266 328400 285662 42738 156901 132643 24258 30357 30357 120342 105825 14517 43112 28731 14381 PROGRAM SUPPLIES AND SE 30810 14174 16636 STAFF CONTINUING EDUCAT 18291 18291 PRINTING EXPENSE 11423 11423 POSTAGE AND MAILING 4628 4628 4557 4189 368 8074935 7379061 695874 0 1880076 2516609 1248921 1048738 722841 426890 64021 1165 15428420 14189672 2182658 1238748 66887446 51765575 739901 7815806 2000000 1200000 75725864 66013531 1426004 1434518 14000107 7977797 15426111 9412315 X 60299753 56601216 60299753 56601216 75725864 66013531 X -4818454 1125479 -5562 X 0 1 X 1 0 X 277797 410785 688582 59059019 58282436 59038421 6100306 182480182 59059019 58282436 59038421 6378103 410785 183168764 18320 14610 14452 47382 0 18320 14610 14452 47382 183121382 1540981 1793533 1902831 1361159 1642898 8241402 1540981 1793533 1902831 1361159 1642898 8241402 46052 28798 74850 60646052 60104767 60941252 7739262 2053683 191485016 0.95630 0.96700 0.04300 0.03210 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2765297 2454583 310714 2398814 2160820 237994 10264309 9574269 690040 1238748 ALTERNATIVE INVESTMENTS 6860936 F DEFERRED COMPENSATION PLAN ASSETS 954870 F 7815806 DEFERRED COMPENSATION 954870 DUE TO SOCIETY OF ACTUARIES 6419572 IMPUTED RENT LIABILITY 603355 7977797 X 58353561 1125479 54269809 55395288 2958273 122024 176184 298208 3256481 47421757 39468846 39468846 7952911 122024 122024 8074935 PART X, LINE 2: THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE SOCIETY MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE SOCIETY AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME (UBIT). THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION WERE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50 PERCENT LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THERE ARE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES FOR THE REPORTING PERIODS PRESENTED IN THESE CONSOLIDATED FINANCIAL STATEMENTS. THE SOA AND THE INSTITUTE EACH FILE A FORM 990 IN THE U.S. FEDERAL JURISDICTION AND THE INSTITUTE ALSO FILES THE FORM IN THE STATE OF ILLINOIS. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE OF RELATED ORGANIZATION, SOA - CONSOLIDATED FINANCIAL STATEMENTS 54,275,371. UNREALIZED CURRENCY LOSS -5,562. PART XI, LINE 4B - OTHER ADJUSTMENTS: INTER-COMPANY REVENUE - RELATED ORGANIZATION 176,184. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES OF RELATED ORGANIZATION, SOA - CONSOLIDATED FINANCIAL STATEMENTS 39,645,030. INTER-COMPANY EXPENSE - RELATED ORGANIZATION -176,184. 1 EUROPE 0 0 PROGRAM ACTIVITIES PROGRAM ACTIVITIES 587322 EUROPE 0 0 GRANTS TO RECIPENTS 212000 NORTH AMERICA 1 3 GRANTS TO RECIPENTS 66350 CENTRAL AMERICA 0 0 PROGRAM ACTIVITIES PROGRAM ACTIVITIES 34075 EAST ASIA AND PACIFIC 1 3 GRANTS TO RECIPENTS 29311 MIDDLE EAST AND AFRICA 0 0 GRANTS TO RECIPENTS 26000 NORTH AMERICA 0 0 PROGRAM ACTIVITIES PROGRAM ACTIVITIES 24532 CENTRAL AMERICA INVESTMENTS 6860936 2 6 0 0 2 6 7840526 0 7840526 EUROPE RESEARCH GRANT 50000 CHECK 0 N/A N/A EAST ASIA & PACIFIC RESEARCH GRANT 12491 CHECK 0 N/A N/A EAST ASIA & PACIFIC RESEARCH GRANT 26000 CHECK 0 N/A N/A EAST ASIA & PACIFIC RESEARCH GRANT 6000 CHECK 0 N/A N/A NORTH AMERICA RESEARCH GRANT 34184 CHECK 0 N/A N/A EUROPE RESEARCH GRANT 40000 CHECK 0 N/A N/A EUROPE RESEARCH GRANT 20000 CHECK 0 N/A N/A EAST ASIA & PACIFIC RESEARCH GRANT 5820 CHECK 0 N/A N/A EUROPE RESEARCH GRANT 75000 CHECK 0 N/A N/A 2 3 RESEARCH GRANT NORTH AMERICA 7 29166 CHECK 0 N/A N/A RESEARCH GRANT EUROPE 2 15000 CHECK 0 N/A N/A RESEARCH GRANT EAST ASIA & PACIFIC 1 5000 CHECK 0 N/A N/A 1 0 1 0 1 0 PART I, LINE 2: ALL EDUCATIONAL GRANTS STATE THAT THE FUNDS ARE TO BE USED FOR EDUCATIONAL EXPENSES. EACH EDUCATIONAL GRANT IS MONITORED BY STAFF FOR COMPLIANCE WITH THE REQUIREMENTS OF THE PROGRAM. THE REVIEW, SELECTION, AND MONITORING OF RESEARCH GRANTS IS CONDUCTED BY A PROJECT OVERSIGHT GROUP (POG) AND RECIPIENTS ARE REQUIRED TO SUBMIT PROGRESS REPORTS. PART I, LINE 3: ALL GRANTS ARE RECORDED BASED ON THE ACCRUAL METHOD OF ACCOUNTING. PART III ACCOUNTING METHOD: 1 MILLIMAN INC 121 MIDDLE STREET SUITE 401 PORTLAND ME 04101 910675641 201238 0 RESEARCH GRANT THE ACTUARIAL FOUNDATION 475 N MARTINGALE ROAD SCHAUMBURG IL 60173 363968441 501C3 150000 375000 FMV STAFF TIME GENERAL SUPPORT LL GLOBAL 300 DAY HILL DRIVE WINDSOR CT 06095 261339203 145900 0 RESEARCH GRANT RISK & REGULATORY CONSULTING 20 BATTERSON PARK ROAD FARMINGTON CT 06032 454100320 130880 0 RESEARCH GRANT MATTHEW GREENWALD & ASSOC 4201 CONNECTICUT AVE WASHINGTON DC 20008 521407743 119300 0 RESEARCH GRANT MIB INC 50 BRAINTREE HILL PARK SUITE 400 BRAINTREE MA 02184 043482764 102842 0 RESEARCH GRANT REGENTS OF THE UNIVERSITY OF CAL BERKLEY 1608 4TH STREET BERKELEY CA 94720 943067788 115 70000 0 RESEARCH GRANT AIR WORLDWIDE CORP 2 AVE DE LAFAYETTE BOSTON MA 02111 331004254 60000 0 RESEARCH GRANT RGA ENTERPRISE SERVICES 16600 SWINGLEY RIDGE ROAD CHESTERFIELD MO 63017 472015651 59120 0 RESEARCH GRANT WILLIS TOWER WATSON 5 CONCOURSE PARKWAY ATLANTA GA 30328 530181291 42000 0 RESEARCH GRANT ARIZONA STATE UNIVERSITY PO BOX 876011 TEMPE AZ 85287 860196696 115 40749 0 RESEARCH GRANT SCOR GLOBAL LIFE 101 S TRYON STREET 30TH FLOOR CHARLOTTE NC 28280 756020048 40000 0 RESEARCH GRANT RUDOLPH FINANCIAL CONSULTING 5002 S 237TH CIRCLE ELKHORN NE 68022 205431956 26903 0 RESEARCH GRANT ILLINOIS STATE UNIVERSITY CAMPUS BOX 1200 NORMAL IL 61790 376014070 115 24000 0 RESEARCH GRANT UNIVERSITY OF NE MEDICAL CENTER 985045 NE MEDICAL CENTER OMAHA NE 68198 911858433 115 23535 0 RESEARCH GRANT DELOITTE 1919 N LYNN STREET ARLINGTON VA 22209 061454513 23000 0 RESEARCH GRANT AXENE HEALTH PARTNERS LLC 41923 2ND STREET TEMECULA CA 92590 412086311 20000 0 RESEARCH GRANT HEALTHCARE ANALYTICS PO BOX 41408 PROVIDENCE RI 02940 021104558 20000 0 RESEARCH GRANT RESEARCH FOUNDATION STATE OF U OF NY 1400 WASHINGTON AVE ALBANY NY 12222 141368361 115 18448 0 RESEARCH GRANT NEUROCERN 171 N ABERDEEN STREET CHICAGO IL 60607 471895817 17000 0 RESEARCH GRANT COMPASS TRANSPORTATION & TECHNOLOGY 11116 STACKHOUSE COURT POTOMAC MD 20854 464261216 14000 0 RESEARCH GRANT PRICEWATERHOUSECOOPERS PO BOX 75647 CHICAGO IL 60675 134088324 13333 0 RESEARCH GRANT HOWARD UNIVERSITY 2600 6TH STREET NW WASHINGTON DC 20059 530204707 501C3 12984 0 RESEARCH GRANT PENNSYLVANIA STATE UNIVERSITY 227 W BEAVER STREET STATE COLLEGE PA 16801 246000376 115 12167 0 RESEARCH GRANT ANALYTIC SOLUTIONS 52 WESTHILL DRIVE CAMDENWYOMING DE 19934 824341965 11000 0 RESEARCH GRANT SANTA BARBARA ACTUARIES 3221 CALLE MARIPOSA SANTA BARBARA CA 93105 061562433 10000 0 RESEARCH GRANT VITALITY GROUP INTERNATIONAL 200 W MONROE STREET CHICAGO IL 60606 320267784 10000 0 RESEARCH GRANT OLIVER WYMAN ACTUARIAL CONSULTING 3560 LENOX ROAD ATLANTA GA 30326 134147520 10000 0 RESEARCH GRANT BREAKTHROUGH DEVELOPMENT CO 702 MARINA DRIVE SIDELL LA 70458 391938783 9500 0 RESEARCH GRANT UNIVERSITY OF ILLINOIS 28392 NETWORK PLACE CHICAGO IL 60673 376000511 115 7816 0 RESEARCH GRANT HARTMAN ANALYTICS 282 WEST 4020 NORTH PROVO UT 84604 811373110 7500 0 RESEARCH GRANT FINANCIAL FINESSE 883 M DOUGLAS STREET SEL SEGUNDO CA 90245 943333910 7000 0 RESEARCH GRANT 8 24 RESEARCH GRANTS 24 119400 N/A N/A PART I, LINE 2: ALL EDUCATIONAL GRANTS STATE THAT THE FUNDS ARE TO BE USED FOR EDUCATIONAL EXPENSES. EACH EDUCATIONAL GRANT IS MONITORED BY STAFF FOR COMPLIANCE WITH THE REQUIREMENTS OF THE PROGRAM. THE REVIEW, SELECTION, AND MONITORING OF RESEARCH GRANTS IS CONDUCTED BY A PROJECT OVERSIGHT GROUP (POG) AND RECIPIENTS ARE REQUIRED TO SUBMIT PROGRESS REPORTS. X X X 1 1 X X X X X 0 0 0 0 0 0 0 1 0 GREG HEIDRICH CEO 547635 0 185156 0 0 0 48500 0 13391 0 794682 0 0 0 STACY LIN DEPUTY CEO/CFO 329795 0 91195 0 0 0 43194 0 32177 0 496361 0 0 0 R DALE HALL MANAGING DIRECTOR RESEARCH 312280 0 63700 0 0 0 38831 0 32013 0 446824 0 0 0 KEN GUTHRIE MANAGING DIRECTOR EDUCATION 303856 0 65994 0 0 0 37939 0 32129 0 439918 0 0 0 MICHAEL BOOT MANAGING DIRECTOR, ENGAGEMENT 285434 0 45582 0 0 0 32957 0 20677 0 384650 0 0 0 RICHARD VEYS GENERAL COUNSEL 279761 0 44988 0 0 0 32605 0 24680 0 382034 0 0 0 ANDREW PETERSON SR. DIRECTOR, INTERNATIONAL 227482 0 38366 0 0 0 27787 0 31591 0 325226 0 0 0 JOSEPH WURZBURGER SR. DIRECTOR, STRATEGY 222345 0 33018 0 0 0 26846 0 31661 0 313870 0 0 0 STUART KLUGMAN SR STAFF FELLOW 232653 0 32366 0 0 0 26343 0 12582 0 303944 0 0 0 EMILY KESSLER SR STAFF FELLOW 228953 0 32065 0 0 0 26107 0 13095 0 300220 0 0 0 TIMOTHY MOBERLY SR. DIRECTOR, ITS 208087 0 38807 0 0 0 25161 0 22296 0 294351 0 0 0 CYNTHIA MACDONALD SR. DIRECTOR, EXPERIENCE STUDIES 217214 0 19680 0 0 0 24783 0 31501 0 293178 0 0 0 MONIKA MCGUIRE GENERAL COUNSEL 210554 0 19172 0 0 0 24115 0 34028 0 287869 0 0 0 ANNA CLARKE SR. DIRECTOR, MARKETING 207886 0 37207 0 0 0 24787 0 12987 0 282867 0 0 0 LISA SCHILLING SR STAFF FELLOW 219726 0 18800 0 0 0 23590 0 2141 0 264257 0 0 0 COURTNEY NASHAN SR DIRECTOR ENGAGEMENT 186680 0 27845 0 0 0 21891 0 22492 0 258908 0 0 0 PART I, LINE 1A THE LESSER OF FIRST CLASS OR BUSINESS CLASS TRAVEL IS ALLOWED ON FLIGHTS LONGER THAN 7 HOURS AND OUTSIDE OF THE US AND CANADA. IT IS A REIMBURSABLE BUSINESS EXPENSE AND THEREFORE, NOT TAXABLE COMPENSATION. SPOUSAL TRAVEL IS ALLOWED FOR THE PAST-PRESIDENT, PRESIDENT, PRESIDENT-ELECT, AND SECRETARY/TREASURER AND IS TREATED AS TAXABLE COMPENSATION. IN ORDER TO PROMOTE A HEALTHY LIFESTYLE, HEALTH CLUB DUES ARE PROVIDED UP TO $120 PER CALENDAR YEAR AND ARE TREATED AS TAXABLE COMPENSATION. PART I, LINE 7 ANNUAL BONUSES ARE DETERMINED BY PRESET PERCENTAGES BY SALARY GRADES. THE CEO, DEPUTY CEO, AND LEADERSHIP TEAM HAVE DISCRETION OVER WHICH PERCENTAGE, WITHIN THE RANGE, IS USED TO DETERMINE BONUSES. FORM 990, PART VI, SECTION A, LINE 1A THE LEADERSHIP TEAM CONSISTS OF FOUR OFFICERS, ONE AT LARGE BOD MEMBER AND THE CEO. THE LEADERSHIP TEAM HAS THE AUTHORITY TO CARRY OUT THE BUSINESS AND FUNCTIONS OF THE SOA BETWEEN MEETINGS OF THE BOARD OF DIRECTORS. THE LEADERSHIP TEAM IS THE PRINCIPAL COMMITTEE FOR THE OVERSIGHT AND MANAGEMENT OF THE WORK OF THE SOA. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS AN ANNUAL ELECTION IN WHICH MOST MEMBERS HAVE THE OPPORTUNITY TO PARTICIPATE AND VOTE ON BOARD MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION HAS AN ANNUAL ELECTION IN WHICH MOST MEMBERS HAVE THE OPPORTUNITY TO PARTICIPATE AND VOTE ON BOARD MEMBERS. THE BYLAWS MAY BE ALTERED, AMENDED, OR REPEALED AND NEW BYLAWS MAY BE ADOPTED BY AN AFFIRMATIVE VOTE OF TWO-THIRDS OF THE ENTIRE BOARD OF DIRECTORS; BUT PROVISIONS AFFECTING THE SUBSTANTIVE RIGHTS OF THE SOA'S MEMBERS ALSO REQUIRE THE AFFIRMATIVE VOTE OF TWO-THIRDS OR AT LEAST TWENTY-FIVE PERCENT OF FELLOWS, IF AT A MEETING, OR A MAJORITY OF FELLOWS ENTITLED TO VOTE, IF IN WRITING. FORM 990, PART VI, SECTION A, LINE 7B SEE RESPONSE TO QUESTION 7A. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN WAS PREPARED BY OUR OUTSIDE TAX ADVISOR AND REVIEWED BY MANAGEMENT. THE AUDIT AND RISK COMMITTEE THEN REVIEWED THE RETURN WITH OUR OUTSIDE TAX ADVISOR AND PROVIDED FURTHER COMMENTS BEFORE THEY APPROVED IT FOR FILING WITH THE IRS. THIS REVIEW CONDUCTED BY THE AUDIT COMMITTEE IS CONSISTENT WITH THEIR DUTIES OUTLINED IN THEIR CHARTER. FORM 990, PART VI, SECTION B, LINE 12C ANY INDIVIDUAL INVOLVED IN AN SOA ACTIVITY OR DECISION-MAKING PROCESS HAS AN OBLIGATION TO DISCLOSE ANNUALLY ANY CONFLICTING OR POTENTIALLY CONFLICTING PERSONAL, PROFESSIONAL, OR BUSINESS INTEREST HE OR SHE MAY HAVE, DIRECTLY OR INDIRECTLY, WITH THE AFFECTED ACTIVITY OR DECISION. ALL FORMS ARE COLLECTED BY THE APPROPRIATE INTERNAL STAFF MEMBER. PARTICIPANTS REMAIN UNDER A CONTINUING OBLIGATION TO REPORT CONFLICTS AS THEY ARISE. THE BOARD MAY REQUIRE REGULAR REPORTING AT THE START OF BOARD, COMMITTEE, SECTION COUNCIL, AND OTHER MEETINGS. IF IT IS DETERMINED THAT A CONFLICT OF INTEREST EXISTS, THE MATTER IS THEN BROUGHT TO THE CEO, WHO SERVES AS THE SOA CONFLICTS ADMINISTRATOR. THE CONFLICTS ADMINISTRATOR IN CONSULTATION WITH LEGAL COUNSEL AND/OR THE LEADERSHIP TEAM, ASSESSES THE SIGNIFICANCE OF A GIVEN INTEREST OR RELATIONSHIP TO THE SOA AND DETERMINES THE APPROPRIATE ACTION. IF THE INDIVIDUAL CANNOT OTHERWISE RESOLVE THE CONFLICT, THE LEADERSHIP TEAM MAY REQUIRE ANY ACTION IT DEEMS APPROPRIATE, INCLUDING RECUSAL FROM VOTING ON THE MATTER, COMPLETE RECUSAL FROM A PORTION OF THE MEETING OR FROM OTHER CONSIDERATION OF THE SUBJECT MATTER, OR REPLACING THE INDIVIDUAL IN THE AFFECTED POSITION OR ACTIVITY. FORM 990, PART VI, SECTION B, LINE 15 A COMPENSATION STUDY IS PERFORMED EVERY OTHER YEAR TO COMPLETE A MARKET COMPARISON STUDY FOR ALL POSITIONS OF THE ORGANIZATION. ADDITIONALLY, MARKET DATA IS GATHERED EACH YEAR TO DETERMINE THE ANNUAL COMPENSATION ADJUSTMENT FOR ALL EMPLOYEES. THE PRESIDENTIAL OFFICERS AND THE SECRETARY/TREASURER, WITH INPUT FROM THE BOARD, ARE RESPONSIBLE FOR DETERMINING COMPENSATION AND BENEFITS FOR THE CEO AFTER REVIEWING COMPARABLE DATA FROM SEVERAL INDEPENDENT SOURCES. ADDITIONALLY, THE PRESIDENTIAL OFFICERS AND THE SECRETARY/TREASURER REVIEW MANAGEMENT'S RECOMMENDATION FOR ANNUAL COMPENSATION ADJUSTMENTS FOR OFFICERS AND KEY EMPLOYEES. THE DISCUSSION AND PROCESS ARE CONTEMPORANEOUSLY DOCUMENTED IN THE MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS ARE AVAILABLE ON THE WEBSITE, SOA.ORG. FORM 990, PART VII, SECTION A: THE COMPENSATION BEING REPORTED IS FOR FULL TIME POSITIONS, HOWEVER A PORTION OF THESE INDIVIDUAL'S TIME IS DEVOTED TO A RELATED ORGANIZATION, SOCIETY OF ACTUARIES, AND IS REIMBURSED BY THE RELATED ORGANIZATION. FORM 990, PART XI, LINE 9: UNREALIZED CURRENCY LOSS -5,562. FORM 990 - PART I - RESTRUCTURING EXPLANATION IN 2020, A CORPORATE RESTRUCTURING RESULTED IN A NAME CHANGE AND RESTATED PURPOSE FOR THE FILING ORGANIZATION AS WELL AS THE FORMATION OF A NEW NONPROFIT ENTITY. THE FILING ORGANIZATION, PREVIOUSLY KNOWN AS THE SOCIETY OF ACTUARIES, WAS RENAMED THE SOCIETY OF ACTUARIES RESEARCH INSTITUTE (THE INSTITUTE). THE FILING ORGANIZATION REMAINS A TAX-EXEMPT ENTITY UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND CONTINUES TO CARRY OUT THE CHARITABLE AND RESEARCH ACTIVITIES OF ITS ORIGINAL MISSION. THE NEWLY-CREATED ENTITY IS TAX EXEMPT UNDER SECTION 501(C)(6) OF THE IRC AND ITS PURPOSE IS TO ESTABLISH AND MAINTAIN STANDARDS FOR QUALIFICATION FOR MEMBERSHIP. THE NEWLY-CREATED ENTITY ADOPTED THE NAME - SOCIETY OF ACTUARIES. SOCIETY OF ACTUARIES 475 N MARTINGALE RD STE 600 SCHAUMBURG IL 60173 834526499 ESTABLISH AND MAINTAIN STANDARDS FOR MEMBERSHIP IL 501(C)(6) 0 0 0 1 1 0 0 0 0 0 0 0 1 0 1 1 1 1 1 0 SOCIETY OF ACTUARIES C 176184 CASH CONTRIBUTION