2025-08-05T14:26:54-05:00 2024-09-30 410746749 CLIFTONLARSONALLEN LLP 950 NORTH GLEBE ROAD SUITE 1200 ARLINGTON VA 22203 990 2023-10-01 136113674 CASUALTY ACTUARIAL SOCIETY CASU 7032763100 4350 N FAIRFAX DRIVE 250 ARLINGTON VA 22203 VICTOR R CARTER-BEY CHIEF EXECUTIVE OFFICER 7032763100 2025-08-04 1 1 ROBERT WILLIAMS P01345960 5712279500 2025-08-01 2023 2025-03-06 01:10:19Z VICTOR R CARTER-BEY 4350 N FAIRFAX DRIVE 250 ARLINGTON VA 22203 36853916 0 X WWW.CASACT.ORG X 1969 VA TO ADVANCE THE BODY OF KNOWLEDGE OF ACTUARIAL SCIENCE APPLIED TO GENERAL INSURANCE. 18 18 65 3112 131097 9035 0 0 17354162 19144088 1597126 3117444 14737 19927 18966025 22281459 440677 631302 0 0 8165016 8792229 0 0 0 9066670 9822239 17672363 19245770 1293662 3035689 26860194 33508796 8593162 10151879 18267032 23356917 X SEE SCHEDULE O.THE PURPOSES OF THE CASUALTY ACTUARIAL SOCIETY ARE TO ADVANCE THE BODY OF KNOWLEDGE OF ACTUARIAL SCIENCE APPLIED TO GENERAL INSURANCE, INCLUDING PROPERTY, CASUALTY AND SIMILAR RISK EXPOSURES; TO EXPAND THE APPLICATION OF ACTUARIAL SCIENCE TO ENTERPRISE RISK AND SYSTEMIC RISKS; TO ESTABLISH AND MAINTAIN STANDARDS OF QUALIFICATION FOR MEMBERSHIP; TO PROMOTE AND MAINTAIN HIGH STANDARDS OF CONDUCT AND COMPETENCE; TO INCREASE AWARENESS OF ACTUARIAL SCIENCE; AND, TO CONTRIBUTE TO THE WELL BEING OF SOCIETY AS A WHOLE. 0 0 0 0 0 MEETINGS AND SEMINARS:SPONSORED 2 MEETINGS, 10 SEMINARS, 24 WEBINARS, AND 7 COURSES ON PROFESSIONALISM TO ADVANCE THE BODY OF ACTUARIAL KNOWLEDGE AND INCREASE THE AWARENESS OF ACTUARIAL SCIENCE. 0 0 0 EXAMS:SPONSORED ACTUARIAL 8,082 EXAMS IN FY2024 TO EDUCATE STUDENTS ON PROPERTY CASUALTY APPLICATIONS. ONCE THEY HAVE PASSED THE EXAMS, THEY QUALIFY FOR MEMBERSHIP. 0 0 0 PUBLICATIONS AND REFERENCE MATERIALS:PRODUCED 6 ISSUES OF ACTUARIAL REVIEW, 2 VARIANCE JOURNALS, SEVERAL WHITE PAPERS, RESEARCH PAPERS, AND MONOGRAPHS TO FURTHER THE KNOWLEDGE AND UNDERSTANDING OF PROPERTY CASUALTY ACTUARIAL PROFESSIONALS AND EXAM APPLICANTS. 0 0 0 1 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 1 1 1 0 0 1 43 0 1 65 1 1 1 0 0 0 0 0 0 0 X 18 18 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 1 1 0 X TODD ROGERS 7032763100 4350 N FAIRFAX DRIVE STE 250 ARLINGTON VA 22203 FRANK CHANG PRESIDENT 10.00 2.00 X X 2277 0 0 A DAVID CUMMINGS PRESIDENT-ELECT 10.00 2.00 X X 0 0 0 ROOSEVELT MOSLEY BOARD CHAIR 20.00 2.00 X X 0 0 0 KATHERINE ANTONELLO BOARD CHAIR (THRU 11/23) 20.00 2.00 X X 0 0 0 STEVE BELDEN DIRECTOR 5.00 2.00 X 0 0 0 JUSTIN BRENDEN DIRECTOR 5.00 2.00 X 0 0 0 WANCHIN CHOU DIRECTOR 5.00 2.00 X 0 0 0 KRIS DEFRAIN DIRECTOR (THRU 11/23) 5.00 2.00 X 0 0 0 BRIAN DUPPERREAULT DIRECTOR (THRU 11/23) 5.00 2.00 X 0 0 0 STEPHANIE ESPY DIRECTOR 5.00 2.00 X 0 0 0 PETER HAHN DIRECTOR 5.00 2.00 X 0 0 0 JULIE LEDERER DIRECTOR 5.00 2.00 X 0 0 0 LEN LLAGUNO DIRECTOR 5.00 2.00 X 0 0 0 SANDY LOWE DIRECTOR 5.00 2.00 X 0 0 0 JOE MILICIA DIRECTOR 5.00 2.00 X 0 0 0 ALEJANDRA NOLIBOS DIRECTOR (THRU 11/23) 5.00 2.00 X 0 0 0 KATHY OLCESE DIRECTOR 5.00 2.00 X 0 0 0 KATHLEEN ORES WALSH DIRECTOR 5.00 2.00 X 0 0 0 YVONNE PALM DIRECTOR 5.00 2.00 X 0 0 0 AMBER ROHDE DIRECTOR 5.00 2.00 X 0 0 0 JASON RUSS DIRECTOR 5.00 2.00 X 0 0 0 ERIKA SCHURR DIRECTOR (THRU 11/23) 5.00 2.00 X 0 0 0 ALICIA SPEIGHT DIRECTOR 5.00 2.00 X 0 0 0 GEOFF WERNER DIRECTOR (THRU 11/23) 5.00 2.00 X 0 0 0 VICTOR CARTER-BEY CHIEF EXECUTIVE OFFICER 40.00 2.00 X 541108 0 101542 TODD ROGERS CHIEF FINANCIAL OFFICER 40.00 2.00 X 308416 0 121980 ANTHONY BUSTILLO VP-PROFESSIONAL EDUCATION 5.00 0.00 X 0 0 0 RICHARD MONCHER VP-ADMINISTRATION 5.00 0.00 X 0 0 0 WILLIAM WILDER VP-ADMISSIONS 5.00 0.00 X 0 0 0 KEITH BERMAN VP-INTERNATIONAL 5.00 0.00 X 0 0 0 ERIN OLSON VP-MARKETING & COMMUNICATIONS 5.00 0.00 X 0 0 0 MORGAN BUGBEE VP-RESEARCH & DEVELOPMENT 5.00 0.00 X 0 0 0 KATHLEEN DEAN DIRECTOR, MEETING SERVICES 40.00 2.00 X 176770 0 72885 ALICIA BURKE ICAS DIRECTOR OF PORTFOLIO & PRODUCT DEVELOPMENT 40.00 2.00 X 173554 0 22907 J MICHAEL BOA CHIEF COMMUNICATIONS OFFICER 40.00 2.00 X 287561 0 101641 KENDALL WILLIAMS STAFF ACTUARY 40.00 2.00 X 256350 0 47728 JOHN KLEINE CHIEF GROWTH AND PRODUCT OFFICER 40.00 2.00 X 241400 0 45509 JOYCE NEVEROV CHIEF BUSINESS OFFICER 40.00 2.00 X 243734 0 23030 CARRIE CROSS STRATEGY AND LEARNING PARTNER 40.00 2.00 X 155072 0 33204 2386242 0 570426 21 0 1 0 NCS PEARSON INC 13036 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 EXAM TESTING ADMINISTRATION 892896 MOUNT ROYAL PRINTING 6310 BLAIR HILL LANE BALTIMORE MD 21209 PUBLISHING, PRINTING SERVICES 214353 NTIVA INC 7550 WISCONSIN AVE B1 BETHESDA MD 20814 IT CONSULTING, DATABASE ADMINISTRATION 199746 WHITEFORD TAYLOR & PRESTON LLP 7 SAINT PAUL STREET BALTIMORE MD 21202 CONSULTING, LEGAL SERVICES 158592 AMERICAN ACADEMY OF ACTUARIES 1850 M STREET NW WASHINGTON DC 20036 ABCD DUES 156652 9 EXAM INCOME 900099 6587501 6587501 DUES INCOME 900099 6520538 6520538 MEETINGS REVENUE 900099 5901566 5901566 ACTUARIAL REVIEW ADVERTISING 541800 98827 98827 WEBSITE ADVERTISING 900099 32270 32270 3386 3386 19144088 933225 933225 16756676 14572457 2184219 2184219 2184219 19927 19927 19927 22281459 19012991 131097 3137371 282934 10833 337535 1555913 5621388 238425 947928 428575 89700 50002 1283993 565174 1267845 679357 417747 1168987 1497777 5069 71672 148844 MEALS AND ENTERTAINMENT 2124671 ACCRUED RESEARCH GRANTS 432049 19352 19245770 699826 1860378 792258 119213 223580 6267 5870 668881 754694 1866819 895983 210268 970836 23286751 28986934 1076730 706504 26860194 33508796 2256566 2855747 4402389 5643024 1934207 1653108 8593162 10151879 X 18267032 23356917 18267032 23356917 26860194 33508796 X 3035689 2268464 -214268 X 0 1 X 1 0 0 1 0 515150 426609 88541 530587 469374 61213 821082 821082 970836 ACCRUED PENSION OBLIGATION 713860 RIGHT OF USE LIABILITY 939248 1653108 X PART X, LINE 2: THE SOCIETY IS EXEMPT FROM THE PAYMENT OF INCOME TAXES ON ITS EXEMPT ACTIVITIES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. HOWEVER, THE SOCIETY IS SUBJECT TO FEDERAL AND STATE INCOME TAXES ON ITS UNRELATED BUSINESS INCOME. THE TRUST IS EXEMPT FROM THE PAYMENT OF INCOME TAXES ON ITS EXEMPT ACTIVITIES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ICAS IS A SINGLE-MEMBER LIMITED LIABILITY COMPANY AND, AS SUCH, IS TREATED AS A DISREGARDED ENTITY FOR INCOME TAX PURPOSES. ACCORDINGLY, ICAS' FINANCIAL ACTIVITY IS REPORTED IN CONJUNCTION WITH THE FEDERAL INCOME TAX FILINGS OF THE SOCIETY. THE ORGANIZATION'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL, STATE, AND LOCAL AUTHORITIES. THE ORGANIZATION HAS EVALUATED THEIR TAX POSITIONS AND DETERMINED THAT THEIR POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED ON EXAMINATION. 1 EAST ASIA AND THE PACIFIC 0 0 GRANTS TO RECIPIENTS IN THE REGION 45334 SOUTH ASIA 0 0 GRANTS TO RECIPIENTS IN THE REGION 10300 NORTH AMERICA 0 0 GRANTS TO RECIPIENTS IN THE REGION 232230 EUROPE 0 0 GRANTS TO RECIPIENTS IN THE REGION 20207 SUB-SAHARAN AFRICA 0 0 GRANTS TO RECIPIENTS AND PROGRAM SERVICES 20000 EAST ASIA AND THE PACIFIC 0 2 PROGRAM SERVICES PAYROLL ASSOCIATED WITH TWO STAFF MEMBERS IN THE AREA HIRED THROUGH THE GLOBAL PAYROLL COMPANY. 282406 SOUTH AMERICA 0 0 GRANTS TO RECIPIENTS IN THE REGION 9464 0 2 0 0 0 2 619941 0 619941 EAST ASIA AND THE PACIFIC RESEARCH 37616 WIRE 0 N/A N/A EAST ASIA AND THE PACIFIC RESEARCH 7718 WIRE 0 N/A N/A EUROPE RESEARCH 12707 WIRE 0 N/A N/A EUROPE RESEARCH 7500 WIRE 0 N/A N/A NORTH AMERICA RESEARCH 162230 WIRE 0 N/A N/A SOUTH AMERICA RESEARCH 9464 WIRE 0 N/A N/A SOUTH ASIA RESEARCH 10300 WIRE 0 N/A N/A 0 7 RESEARCH SUB-SAHARAN AFRICA 1 20000 WIRE TRANSFER N/A N/A RESEARCH NORTH AMERICA 4 70000 WIRE TRANSFER N/A N/A 0 0 0 0 0 0 PART I, LINE 2: RESEARCH GRANTS ARE ACTIVELY MONITORED PER MILESTONES/DELIVERABLES IN THE RFP. FOR OTHER GRANTS WE ACTIVELY MANAGE DAY-TO-DAY ACTIVITIES. 1 OCTAGRAM LLC 5257 BEECHWOOD AVE GURNEE IL 60031 881480183 50000 0 N/A N/A ACTUARIAL RESEARCH THE ACTUARIAL FOUNDATION PO BOX 736557 CHICAGO IL 606736557 363968441 501(C)(3) 40000 0 N/A N/A TO PROVIDE FUNDING FOR ADMINISTRATION OF THE FOUNDATION. RISK & REGULATORY CONSULTING LLC 5155 PAYSPHERE CIRCLE CHICAGO IL 60674 454100320 35100 0 N/A N/A ACTUARIAL RESEARCH NETWORK OF ACTUARIAL WOMEN AND ALLIES 2724 W ARMITAGE AVENUE APT 2W CHICAGO IL 60611 870858164 501(C)(3) 35000 0 N/A N/A TO PROVIDE FUNDING FOR ADMINISTRATION OF THE ASSOCIATION. INTERNATIONAL ASSOCIATION OF BLACK ACTUARIES PO BOX 24245 CLEVELAND OH 44124 364305164 501(C)(3) 32500 0 N/A N/A TO PROVIDE FUNDING FOR ADMINISTRATION OF THE ASSOCIATION. ORGANIZATION OF LATINO ACTUARIES 200 EAST RANDOLPH STREET STE 5100 CHICAGO IL 60601 822323567 501(C)(3) 20000 0 N/A N/A TO PROVIDE FUNDING FOR ADMINISTRATION OF THE ORGANIZATION. STEM MUSE PBC LLC 5900 BALCONES DRIVE SUITE 100 AUSTIN TX 78731 931158395 10000 0 N/A N/A ACTUARIAL RESEARCH SOA RESEARCH INSTITUTE 8770 W BRYN MAWR AVE SUITE 1000 CHICAGO IL 606313516 362136422 501(C)(3) 10000 0 N/A N/A ACTUARIAL RESEARCH GUY CARPENTER & COMPANY LLC 1166 AVENUE OF THE AMERICAS 36TH FLOOR NEW YORK NY 100362708 362668272 8333 0 N/A N/A ACTUARIAL RESEARCH ILLINOIS STATE UNIVERSITY CAMPUS BOX 2320 NORMAL IL 61761 376014070 GOV'T 7500 0 N/A N/A ACTUARIAL RESEARCH THE UNIVERSITY OF ALABAMA BOX 870135 TUSCALOOSA AL 354870135 636001138 GOV'T 6667 0 N/A N/A ACTUARIAL RESEARCH SOCIETY OF HISPANIC PROFESSIONAL ENGINEERS 13181 CROSSROADS PKWY N STE 220 LA PUENTE CA 91746 721549994 501(C)(3) 6000 0 N/A N/A TO PROVIDE FUNDING FOR ADMINISTRATION OF THE ASSOCIATION. BENTLEY UNIVERSITY 175 FOREST STREET WALTHAM MA 02452 041081650 501(C)(3) 6000 0 N/A N/A ACTUARIAL RESEARCH UNIVERSITY OF TEXAS-DALLAS 800 W CAMPBELL ROAD SP227 RICHARDSON TX 75080 750926775 GOV'T 5833 0 N/A N/A ACTUARIAL RESEARCH 10 4 RESEARCH GRANT 1 10833 N/A N/A PART I, LINE 2: RESEARCH GRANTS ARE ISSUED BASED ON CONTRACTS WITH CAS THAT SPECIFY MILESTONES AND DELIVERABLES. A SAMPLE AGREEMENT MAY STATE INITIAL PAYOUT UPON THE SIGNING OF CONTRACT, FOLLOWING PAYOUTS WILL BE CONDITIONED ON THE RECEIPT OF PAPER OR PAPER BEING PEER REVIEWED, FINAL PAYOUT WILL BE CONDITIONED ON THE RECEIPT OF FINAL PAPER, OR PAPER BEING PUBLISHED IN VARIANCE JOURNAL. X 1 1 X X X X X 0 0 0 VICTOR CARTER-BEY CHIEF EXECUTIVE OFFICER 451108 0 90000 0 0 0 77233 0 24309 0 642650 0 0 0 TODD ROGERS CHIEF FINANCIAL OFFICER 282016 0 26400 0 0 0 93784 0 28196 0 430396 0 0 0 J MICHAEL BOA CHIEF COMMUNICATIONS OFFICER 264161 0 23400 0 0 0 84249 0 17392 0 389202 0 0 0 KENDALL WILLIAMS STAFF ACTUARY 235450 0 20900 0 0 0 23211 0 24517 0 304078 0 0 0 JOHN KLEINE CHIEF GROWTH AND PRODUCT OFFICER 220300 0 21100 0 0 0 21941 0 23568 0 286909 0 0 0 JOYCE NEVEROV CHIEF BUSINESS OFFICER 222434 0 21300 0 0 0 21721 0 1309 0 266764 0 0 0 KATHLEEN DEAN DIRECTOR, MEETING SERVICES 166170 0 10600 0 0 0 43808 0 29077 0 249655 0 0 0 ALICIA BURKE ICAS DIRECTOR OF PORTFOLIO & PRODUCT 161754 0 11800 0 0 0 15094 0 7813 0 196461 0 0 0 CARRIE CROSS STRATEGY AND LEARNING PARTNER 144372 0 10700 0 0 0 13571 0 19633 0 188276 0 0 0 PART I, LINE 1A THE PRESIDENT AND PRESIDENT-ELECT GET TO BRING A SPOUSE TO THE MEETINGS, WHICH HAS BEEN CUSTOMARY. FORM 990, PART VI, SECTION A, LINE 1A THE BOARD DELEGATED THE REVIEW OF THE 990 TO THE CAS AUDIT COMMITTEE. THE AUDIT COMMITTEE REPORTS TO THE CAS BOARD OF DIRECTORS, AND HAS AT LEAST 3 BOARD MEMBERS ON IT. THE BOARD DELEGATED THE FOLLOWING BOARD DUTIES TO THE EXECUTIVE COUNCIL: PRESCRIBE ADMISSION REQUIREMENTS, ADMIT NEW MEMBERS, AUTHORIZE THE CREATION AND DISCHARGE OF COMMITTEES, CALL MEETINGS OF THE CAS AND THE CAS INSTITUTE, ACT ON APPLICATIONS TO CREATE REGIONAL AFFILIATES, ACT ON APPLICATIONS TO CREATE SPECIAL INTEREST SECTIONS, AND APPROVE THE PRESIDENT'S POSITION DESCRIPTION. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS FELLOWS, ASSOCIATE AND AFFILIATE MEMBERS. FELLOWS ARE ELIGIBLE TO VOTE, HOLD OFFICE, MAKE NOMINATIONS, AND GENERALLY EXERCISE THE RIGHTS OF FULL MEMBERSHIP. ASSOCIATE MEMBERS OVER FIVE YEARS ARE ELIGIBLE TO VOTE IN ELECTIONS. ASSOCIATE MEMBERS ARE ENTITLED TO ATTEND MEETINGS AND PARTICIPATE IN SOCIETY FUNCTIONS. AFFILIATE MEMBERS SUPPORT THE MISSION AND ACTIVITIES OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A FELLOW MEMBERS CAN VOTE FOR PRESIDENT-ELECT AND DIRECTORS, AND ON BYLAWS AND CONSTITUTION CHANGES. ASSOCIATE MEMBERS THAT HAVE BEEN MEMBERS FOR OVER FIVE YEARS CAN VOTE FOR PRESIDENT-ELECT AND DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B CHANGES TO CONSTITUTION AND BYLAWS NEED TO BE APPROVED BY VOTE FROM FELLOW MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD DELEGATES THE REVIEW AND APPROVAL OF 990 FORMS TO AUDIT COMMITTEE. THE BOARD REVIEWS THE FORM AFTER IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST STATEMENTS ARE REQUIRED OF ALL BOARD MEMBERS, EXECUTIVE COUNCIL MEMBERS, AND KEY STAFF MEMBERS. STATEMENTS ARE UPDATED ANNUALLY. GENERALLY IF THERE IS A CONFLICT OF INTEREST, THAT PERSON WILL BE RECUSED FROM DECISION MAKING/VOTING. THE BOARD CHAIR MONITORS THE CONFLICT OF INTEREST POLICY FOR BOARD MEMBERS. IF A CONFLICT IS IDENTIFIED THAT BOARD MEMBER WILL RECUSE THEMSELVES FROM DISCUSSIONS AND VOTES. FORM 990, PART VI, SECTION B, LINE 15 CEO COMPENSATION IS SET BY THE PRESIDENT, PRESIDENT-ELECT AND BOARD CHAIR. MERIT INCREASES AND BONUSES ARE PERFORMANCEBASED AND DIRECTLY TIED TO ACCOMPLISHING GOALS AGREED TO AT THE BEGINNING OF THE YEAR. CEO SALARY IS VALIDATED AGAINST SIMILAR TYPE ORGANIZATIONS/POSITIONS USING SALARY SURVEYS. OTHER COMPENSATION IS VALIDATED AGAINST SIMILAR TYPE ORGANIZATIONS/POSITIONS USING SALARY SURVEYS AND INDEPENDENT COMPENSATION/BENEFIT REVIEWS ARE CONDUCTED EVERY 5 YEARS. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2021. IN 2024 CAS ESTABLISHED A HUMAN CAPITAL AND COMPENSATION COMMITTEE THAT PROVIDES INPUT ON CEO AND C-SUITE COMPENSATION PACKAGE." FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS ARE POSTED ON THE CASUALTY ACTUARIAL SOCIETY (CAS) WEBSITE. ANNUAL FINANCIALS ARE ALSO PUBLISHED IN CAS ANNUAL REPORT AND AVAILABLE UPON REQUEST. THE CONFLICT OF INTEREST POLICY IS MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN PENSION LIABILITY -214,268. CAS INSTITUTE 4350 NORTH FAIRFAX DRIVE SUITE 250 ARLINGTON VA 22203 132967185 PROVIDE PREMIER SPECIALTY CREDENTIALING & PROF EDU TO TECHNICAL SPECIALISTS. VA 0 0 CASUALTY ACTUARIAL SOCIETY CASUALTY ACTUARIAL SOCIETY TRUST 4350 N FAIRFAX DRIVE SUITE 250 ARLINGTON VA 22203 132967185 SEE PART VII VA 501(C)(3) LINE 12A, I CASUALTY ACTUARIAL SOCIETY 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 SCHEDULE R, PART II, COLUMN (B) CASUALTY ACTUARIAL SOCIETY TRUST'S PRIMARY ACTIVITY: PROVIDE FUNDS FOR SCHOLARSHIPS, RESEARCH GRANTS, AND MAINTAIN REFERENCE BOOKS AND OTHER MATERIALS PERTAINING TO ACTUARIAL SCIENCE.