2021-11-15T14:41:29-06:00 2020-12-31 381357951 PLANTE & MORAN PLLC 10 S RIVERSIDE PLAZA 9TH FLOOR CHICAGO IL 60606 990 2020-01-01 362136422 SOCIETY OF ACTUARIES RESEARCH INSTITUTE SOCI 8477063500 475 N MARTINGALE ROAD NO 600 SCHAUMBURG IL 601732252 GREGORY HEIDRICH CEO 8477063500 2021-11-11 1 GREGORY HEIDRICH 999009999 LU ANN TRAPP P01506476 3122071040 2021-11-11 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z X GREGORY HEIDRICH 475 N MARTINGALE ROAD NO 600 SCHAUMBURG IL 601732252 47257338 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 18 175 1230 0 0 0 277797 59038421 6100306 2193246 5767779 169316 0 61400983 12145882 2427139 2363665 0 0 20825384 3898918 0 0 0 36123551 1193954 59376074 7456537 2024909 4689345 82798344 75725864 28066729 15426111 54731615 60299753 X SERVING AS THE RESEARCH ARM OF THE SOCIETY OF ACTUARIES (SOA), THE SOA RESEARCH INSTITUTE PROVIDES OBJECTIVE, DATA-DRIVEN RESEARCH BRINGING TOGETHER TRIED AND TRUE PRACTICES AND FUTURE-FOCUSED APPROACHES TO ADDRESS SOCIETAL CHALLENGES AND YOUR BUSINESS NEEDS. (SEE SCHED O) THE INSTITUTE PROVIDES TRUSTED KNOWLEDGE, EXTENSIVE EXPERIENCE AND NEW TECHNOLOGIES TO HELP EFFECTIVELY IDENTIFY, PREDICT AND MANAGE RISKS. 0 1 6869300 2363665 6100306 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. 6869300 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 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 97 0 1 175 1 0 1 CA UK CH 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 1 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 IL X STACY DR LIN 8477063500 475 N MARTINGALE DR STE 600 SCHAUMBURG IL 601732252 X SUE BLANCK BOARD MEMBER 1.00 1.00 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 WILLIAM B FORNIA SECRETARY/TREASURER 1.00 1.00 X X 0 0 0 SHARON GIFFEN BOARD MEMBER 1.00 1.00 X 0 0 0 JAMES GLICKMAN PAST PRESIDENT 1.00 1.00 X X 0 0 0 JENNIFER GILLESPIE PRESIDENT-ELECT 1.00 1.00 X X 0 0 0 ROY GOLDMAN PRESIDENT 1.00 1.00 X X 0 0 0 JENNIFER HAID BOARD MEMBER 1.00 1.00 X 0 0 0 CHRSTINE HOFBECK SECRETARY/TREASURER 1.00 1.00 X X 0 0 0 AMANDA HUG BOARD MEMBER 1.00 1.00 X 0 0 0 LISA KUKLINSKI BOARD MEMBER 1.00 1.00 X 0 0 0 WENDY LIANG BOARD MEMBER 1.00 1.00 X 0 0 0 TERRY LONG BOARD MEMBER 1.00 1.00 X 0 0 0 ANDREW RALLIS PRESIDENT 1.00 1.00 X X 0 0 0 DAVID SANDBERG BOARD MEMBER 1.00 1.00 X 0 0 0 SARA TEPPEMA 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 XU XUAN BOARD MEMBER 1.00 1.00 X 0 0 0 YING ZHAO BOARD MEMBER 1.00 1.00 X 0 0 0 GREG HEIDRICH CEO 4.00 36.00 X 657262 0 61569 STACY LIN DEPUTY CEO/CFO 4.00 36.00 X 394956 0 72736 R DALE HALL MANAGING DIRECTOR RESEARCH 4.00 36.00 X 353688 0 68418 KENNETH GUTHRIE MANAGING DIRECTOR EDUCATION 4.00 36.00 X 346142 0 67434 RICHARD VEYS GENERAL COUNSEL 4.00 36.00 X 321048 0 45374 MICHAEL BOOT MANAGING DIRECTOR, ENGAGEMENT 4.00 36.00 X 311762 0 52468 ANDREW PETERSON SR. DIRECTOR, INTERNATIONAL 4.00 36.00 X 255482 0 58217 JOSEPH WURZBURGER SR. DIRECTOR, INNOVATION 4.00 36.00 X 227942 0 55114 TIMOTHY MOBERLY SR. DIRECTOR, ITS 4.00 36.00 X 224040 0 44386 CAROL KOZLOWSKI SR. DIRECTOR, HR 4.00 36.00 X 219028 0 32735 ANNA CLARKE SR. DIRECTOR, MARKETING 4.00 36.00 X 213128 0 34706 STUART KLUGMAN SR STAFF ACTUARY 4.00 36.00 X 256828 0 38165 EMILY KESSLER SR STAFF ACTUARY 4.00 36.00 X 249572 0 38152 ANN WEBER GOVERNMENT AFFAIRS DIRECTOR 4.00 36.00 X 229862 0 57292 CYNTHIA MACDONALD SR. DIRECTOR, EXPERIENCE STUDIES 4.00 36.00 X 228280 0 53547 LISA SCHILLING STAFF ACTUARY 4.00 36.00 X 230824 0 24863 PATRICK GOULD MANAGING DIRECTOR, MARKETING 40.00 0.00 X 136947 0 0 4856791 0 805176 51 1 1 0 PROMETRIC PO BOX 223608 PITTSBURGH PA 15251 HOST TEST CENTERS 622230 MIB INC 160 UNIVERSITY AVE WESTWOOD MA 02284 EXPERIENCE STUDIES 453823 MILLIMAN INC 1301 5TH AVE STE 3800 SEATTLE WA 98101 CONSULTANT 319981 MCKINSEY & COMPANY INC 140 FOUNTAIN PARKWAY ST PETERSBURG FL 33716 CONSULTANT 193000 GOLIN HARRIS 875 N MICHIGAN AVE CHICAGO IL 60611 MARKETING CONSULTANT 191709 7 127200 150597 277797 EDUCATION AND EXAMINATION FEES 611710 5892525 5892525 PROFESSIONAL DEVELOPMENT FEES 611710 156849 156849 RESEARCH INCOME 541900 25000 25000 25932 25932 6100306 1361159 1361159 36518076 3000000 35111456 0 1406620 3000000 4406620 4406620 12145882 6100306 0 5767779 1820950 1820950 141711 141711 401004 401004 411763 370587 41176 2751488 2491598 259890 229551 208418 21133 295922 268549 27373 210194 190627 19567 108601 108601 209639 203625 6014 120626 109561 11065 117721 99763 17958 94223 94223 68161 68161 148106 132553 15553 30411 25834 4577 MAINTENANCE 247257 209539 37718 SUPPORT OF FOUNDATIONS 23164 23164 STAFF CONTINUING EDUCAT 16681 16681 HONORARIA 5500 5500 3864 -12748 16612 7456537 6869300 587237 0 1157315 1880076 12429336 1248921 339741 722841 625946 301040 837344 64021 15428420 13245762 3407629 2182658 63163763 66887446 523599 739901 12631 2000000 82798344 75725864 8273312 1426004 19269818 523599 14000107 28066729 15426111 X 54731615 60299753 54731615 60299753 82798344 75725864 X 4689345 869318 9475 X 0 1 X 1 0 X 277797 277797 53214943 59059019 58282436 59038421 6100306 235695125 53214943 59059019 58282436 59038421 6378103 235972922 19152 18320 14610 14452 66534 0 19152 18320 14610 14452 66534 235906388 1235618 1540981 1793533 1902831 1361159 7834122 1235618 1540981 1793533 1902831 1361159 7834122 77536 46052 28798 152386 54528097 60646052 60104767 60941252 7739262 243959430 0.96700 0.97260 0.03210 0.02630 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2765297 2189450 575847 2473206 1928968 544238 10189917 9127344 1062573 2182658 DEFERRED COMPENSATION 739901 DUE TO SOCIETY OF ACTUARIES 12358649 IMPUTED RENT LIABILITY 901557 14000107 X 51885651 869318 42106252 42975570 8910081 108601 3127200 3235801 12145882 42663871 35315935 35315935 7347936 108601 108601 7456537 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 42,096,777. UNREALIZED CURRENCY GAIN 9,475. PART XI, LINE 4B - OTHER ADJUSTMENTS: INTER-COMPANY REVENUE - RELATED ORGANIZATION 3,127,200. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES OF RELATED ORGANIZATION, SOA - CONSOLIDATED FINANCIAL STATEMENTS 38,443,135. INTER-COMPANY EXPENSE - RELATED ORGANIZATION -3,127,200. 1 NORTH AMERICA 1 3 GRANTS TO RECIPIENTS 170018 EUROPE GRANTS TO RECIPIENTS 193374 EAST ASIA AND PACIFIC 1 3 GRANTS TO RECIPIENTS 30212 MIDDLE EAST AND AFRICA GRANTS TO RECIPIENTS 7400 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, INVESTMENTS 5369344 2 6 0 0 2 6 5770348 0 5770348 EUROPE RESEARCH GRANT 74999 CHECK N/A N/A EUROPE RESEARCH GRANT 40000 CHECK N/A N/A EUROPE RESEARCH GRANT 30000 CHECK N/A N/A EUROPE RESEARCH GRANT 40000 CHECK N/A N/A NORTH AMERICA RESEARCH GRANT 99000 CHECK N/A N/A NORTH AMERICA RESEARCH GRANT 14355 CHECK N/A N/A 2 4 RESEARCH GRANT EAST ASIA AND PACIFIC 9 18333 CHECK N/A N/A RESEARCH GRANT EUROPE 3 8375 CHECK N/A N/A RESEARCH GRANT MIDDLE EAST AND AFRICA 4 5400 CHECK N/A N/A RESEARCH GRANT NORTH AMERICA 11 32167 CHECK 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 ARIZONA STATE UNIVERSITY PO BOX 871804 TEMPE AZ 85287 860196696 115 11000 AWARD UNIVERSITY OF IOWA OFFICE OF GRANT ACCOUNTING 1418 S CLINTON STREET IOWA CITY IA 52242 426004813 115 76000 RESEARCH GRANT UNIVERISTY OF ILLINOIS GRANTS AND CONTRACTS 28392 NETWORK PLACE CHICAGO IL 60673 376000511 115 62000 RESEARCH GRANT SCOR GLOBAL LIFE 101 S TRYON STREET 30TH FLOOR CHARLOTTE NC 28280 756020048 40000 RESEARCH GRANT MIB INC 50 BRAINTREE HILL PARK SUITE 400 BRAINTREE MA 02184 043482764 260021 RESEARCH GRANT LL GLOBAL 300 DAY HILL ROAD WINDSOR CT 06095 261339203 56000 RESEARCH GRANT MATTHEW GREENWALD & ASSOCIATES 4201 CONNECTICUT AVE NW SUITE 620 WASHINGTON DC 20008 521407743 120500 RESEARCH GRANT NORTHERN ILLINOIS UNIVERSITY LOWDEN HALL 201 DEKALB IL 60115 366086819 115 19125 RESEARCH GRANT BREAKTHROUGH DEVELOPMENT CO 2843 FOREST GROVE DR HENDERSON NV 89052 391938783 8000 RESEARCH GRANT ERNST & YOUNG 3712 SOLUTIONS CENTER CHICAGO IL 60677 346565596 31199 RESEARCH GRANT WILLIS TOWER WATSON 5 CONCOURSE PKWY SUITE 1800 ATLANTA GA 30328 530181291 8000 RESEARCH GRANT MILLIMAN 3000 BAYPORT DR SUITE 1050 TAMPA FL 33607 910675641 304011 RESEARCH GRANT NEUROCERN 171 N ABERDEEN STREET SUITE 400 CHICAGO IL 60607 471895817 30000 RESEARCH GRANT REGENTS OF THE UNIVERSITY OF MN NW 5957 PO BOX 1450 MINNEAPOLIS MN 55485 416007513 115 55000 RESEARCH GRANT DELOITTE 1919 N LYNN STREET ARLINGTON VA 22209 061454513 11000 RESEARCH GRANT ANALYTIC SOLUTIONS 52 WESTHILL DRIVE CAMDENWYOMING DE 19934 824341965 20000 RESEARCH GRANT RUDOLPH FINANCIAL CONSULTING 5002 S 237TH CIRCLE ELKHORN NE 68022 205431956 18568 RESEARCH GRANT UNIVERSITY OF NE MEDICAL CENTER 985045 NE MEDICAL CENTER OMAHA NE 68198 841343242 115 20000 RESEARCH GRANT ALBERTS ACTUARIAL CONSULTING LLC 6510 CORNELL AVE SUITE A INDIANAPOLIS IN 46220 262639210 9750 RESEARCH GRANT AXENE HEALTH PARTNERS LLC 41923 2ND STREET SUITE 204 TEMECULA CA 92590 412086311 10000 RESEARCH GRANT DENVER HEALTH MEDICAL CENTER PO BOX 17093 DENVER CO 80117 841343242 29081 RESEARCH GRANT UNIVERSITY OF WISCONSIN DRAWER 538 MILWAUKEE WI 53278 396006492 115 11250 RESEARCH GRANT ILLINOIS STATE UNIVERSITY CAMPUS BOX 1200 NORMAL IL 61790 376014070 115 17500 RESEARCH GRANT ACTUARIAL COMPASS 6250 AVEBURY CT MORROW OH 45152 461036478 6000 RESEARCH GRANT RISK & REGULATORY CONSULTING 5155 PAYSPHERE CIRCLE CHICAGO IL 60674 454100320 35700 RESEARCH GRANT REGENTS OF THE UNIVERSITY OF CAL BERKLEY 2195 HEARST AVE R 103 BERKLEY CA 94720 943067788 115 94239 RESEARCH GRANT NORTH DAKOTA STATE UNIVERSITY PO BOX 6050 FARGO ND 60614 456002439 115 10605 RESEARCH GRANT RESEARCH FOUNDATION STATE UNIVERSITY OF NY 1400 WASHINGTON AVE ALBANY NY 12222 141368361 115 20000 RESEARCH GRANT SUPERIOR INFORMATICS 4322 INGERSOLL AVE B1 DES MOINES IA 50312 272134017 16400 RESEARCH GRANT THE ACTUARIAL FOUNDATION 475 N MARTINGALE ROAD SCHAUMBURG IL 60173 363968441 501C3 410000 FMV STAFF TIME GENERAL SUPPORT 12 18 EDUCATION GRANTS 2 4500 N/A N/A RESEARCH GRANTS 28 137211 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 1 0 0 0 0 0 0 1 0 GREG HEIDRICH CEO 522262 0 135000 0 0 0 48000 0 13569 0 718831 0 0 0 STACY LIN DEPUTY CEO/CFO 319561 0 75395 0 0 0 40599 0 32137 0 467692 0 0 0 R DALE HALL MANAGING DIRECTOR RESEARCH 302711 0 50977 0 0 0 36591 0 31827 0 422106 0 0 0 KENNETH GUTHRIE MANAGING DIRECTOR EDUCATION 296650 0 49492 0 0 0 35437 0 31997 0 413576 0 0 0 RICHARD VEYS GENERAL COUNSEL 279276 0 41772 0 0 0 31798 0 13576 0 366422 0 0 0 MICHAEL BOOT MANAGING DIRECTOR, ENGAGEMENT 281572 0 30190 0 0 0 31195 0 21273 0 364230 0 0 0 ANDREW PETERSON SR. DIRECTOR, INTERNATIONAL 224130 0 31352 0 0 0 26735 0 31482 0 313699 0 0 0 STUART KLUGMAN SR STAFF ACTUARY 226643 0 30185 0 0 0 25543 0 12622 0 294993 0 0 0 EMILY KESSLER SR STAFF ACTUARY 221808 0 27764 0 0 0 25079 0 13073 0 287724 0 0 0 ANN WEBER GOVERNMENT AFFAIRS DIRECTOR 214070 0 15792 0 0 0 23654 0 33638 0 287154 0 0 0 JOSEPH WURZBURGER SR. DIRECTOR, INNOVATION 210449 0 17493 0 0 0 23758 0 31356 0 283056 0 0 0 CYNTHIA MACDONALD SR. DIRECTOR, EXPERIENCE STUDIES 212637 0 15643 0 0 0 23896 0 29651 0 281827 0 0 0 TIMOTHY MOBERLY SR. DIRECTOR, ITS 200465 0 23575 0 0 0 22910 0 21476 0 268426 0 0 0 LISA SCHILLING STAFF ACTUARY 215884 0 14940 0 0 0 22817 0 2046 0 255687 0 0 0 CAROL KOZLOWSKI SR. DIRECTOR, HR 189811 0 29217 0 0 0 21941 0 10794 0 251763 0 0 0 ANNA CLARKE SR. DIRECTOR, MARKETING 213128 0 0 0 0 0 21683 0 13023 0 247834 0 0 0 PATRICK GOULD MANAGING DIRECTOR, MARKETING 0 0 0 0 136947 0 0 0 0 0 136947 0 136947 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 4A AS REPORTED IN SCHEDULE J, PART II, THE MANAGING DIRECTOR OF MARKETING WAS ISSUED A SEVERANCE PACKAGE CONSISTING OF 10 MONTHS OF PAYMENTS, STARTING NOVEMBER OF 2019, FOR A TOTAL OF $167,380. FOR 2020, $136,947 WAS REPORTED ON HIS FORM W-2. THE $136,947 WAS INCLUDED AS DEFERRED COMPENSATION ON THE 2019 FORM 990 AND IS THEREFORE BEING REPORTED IN PART II, COLUMN F AS PREVIOUSLY REPORTED 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 III, LINE 3 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. FORM 990, PART VI, SECTION A, LINE 1 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 4 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 AND ADOPTED BY-LAWS IDENTICAL TO THOSE OF THE ORIGINAL ENTITY. THE INSTITUTE OPERATES AS A CONTROLLED AFFILIATE OF THE NEW SOCIETY OF ACTUARIES, THROUGH COMMON MEMBERSHIP OF THEIR RESPECTIVE BOARD OF DIRECTORS. 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. FINANCIAL STATEMENTS FOR 2018 AND 2019 ARE AVAILABLE ON THE WEBSITE. 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 GAIN 9,475. 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 127200 CASH CONTRIBUTION SOCIETY OF ACTUARIES R 3000000 FMV OF INTELLECTUAL PROPERTY