2020-11-16T14:49:02-06:00 2019-12-31 381357951 PLANTE & MORAN PLLC 10 S RIVERSIDE PLAZA 9TH FLOOR CHICAGO IL 60606 990 2019-01-01 362136422 SOCIETY OF ACTUARIES SOCI 8477063500 475 N MARTINGALE ROAD NO 600 SCHAUMBURG IL 601732252 GREGORY HEIDRICH EXECUTIVE DIRECTOR 8477063500 2020-11-12 1 LU ANN TRAPP P01506476 3122071040 2020-11-12 69.136.173.95 2020-11-12 11:52:18 CS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 BC3C601473DBFA21F2EC98090FDE5B85B06AE70F 2019 2021-01-29 14:40:06Z GREGORY HEIDRICH 475 N MARTINGALE ROAD NO 600 SCHAUMBURG IL 601732252 72462183 0 X WWW.SOA.ORG X 1948 IL THROUGH EDUCATION AND RESEARCH, THE SOA ADVANCES ACTUARIES AS LEADERS IN MEASURING (SEE SCHEDULE O) AND MANAGING RISK TO IMPROVE FINANCIAL OUTCOMES FOR INDIVIDUALS, ORGANIZATIONS, AND THE PUBLIC. 18 18 157 4559 150445 -838 0 0 58282436 59038421 3327096 2193246 172636 169316 61782168 61400983 2969655 2427139 0 0 19643073 20825384 0 0 0 34831931 36123551 57444659 59376074 4337509 2024909 74200668 82798344 20431205 28066729 53769463 54731615 X THROUGH EDUCATION AND RESEARCH, THE SOA ADVANCES ACTUARIES AS LEADERS IN MEASURING AND MANAGING RISK TO IMPROVE FINANCIAL OUTCOMES FOR INDIVIDUALS, ORGANIZATIONS, AND THE PUBLIC. 0 0 14042939 2427139 16564290 MEMBERSHIP: THE SOA IS A MEMBERSHIP ORGANIZATION WITH MORE THAN 24,000 MEMBERS WORLDWIDE, MAKING IT THE LARGEST PROFESSIONAL ASSOCIATION OF ACTUARIES IN THE WORLD. AS PART OF ITS MISSION, THE SOA PROVIDES RIGOROUS AND COMPREHENSIVE EDUCATION AND TESTING TO ITS MEMBERS AS PART OF THE PROCESS OF EARNING THEIR CREDENTIALS. SOA-CREDENTIALED MEMBERS ARE EQUIPPED TO PROVIDE IMPORTANT AND VALUABLE EXPERTISE AND ADVICE ON A VARIETY OF RISK MANAGEMENT AND FINANCIAL SECURITY ISSUES, INCLUDING DEVELOPING PENSION PLANS FOR BUSINESSES AND PUBLIC ENTITIES, CONSULTING ON BUILDING SECURE HEALTH AND LIFE INSURANCE SYSTEMS AND PROVIDING RISK MANAGEMENT ADVICE ON AN ENTERPRISE-WIDE LEVEL TO MANY TYPES OF COMMERCIAL ORGANIZATIONS. 19549559 33389690 PRELIMINARY EDUCATION: SOA'S EXAMINATIONS INCLUDE CORE TOPICS COMMON TO ALL ACTUARIAL DISCIPLINES TO ENSURE THAT ALL SOA MEMBERS HAVE BROAD KNOWLEDGE OF RISK MANAGEMENT AND FINANCIAL SECURITY ISSUES THAT FACE BUSINESSES AND INDIVIDUALS. CANDIDATES FOR SOA MEMBERSHIP ALSO TAKE EXAMS THAT ARE SPECIFICALLY FOCUSED ON A PARTICULAR AREA OF PRACTICE TO ENSURE THAT THEY HAVE THE DETAILED KNOWLEDGE TO PROVIDE TO THE ORGANIZATIONS AND PUBLIC THE HIGHEST LEVEL OF EXPERTISE IN THEIR CHOSEN PRACTICE. THIS COMPREHENSIVE AND RIGOROUS EDUCATIONAL SYSTEM DEVELOPS ACTUARIES WHO ARE ABLE TO DELIVER EXPERTISE WITH THE HIGH STANDARDS THAT MEET THE NEEDS OF INDIVIDUALS, COMMERCIAL AND PUBLIC ORGANIZATIONS AND THE PUBLIC AT LARGE, RELIEVING PUBLIC OR GOVERNMENTAL ORGANIZATIONS FROM HAVING TO PROVIDE SUCH EDUCATIONAL OVERSIGHT. 7724602 9002990 CONTINUING EDUCATION: THE SOA CONDUCTS VARIOUS EVENTS AND PROFESSIONAL DEVELOPMENT OPPORTUNITIES TO ENSURE CONTINUED PROFESSIONAL GROWTH AND EXCELLENCE FOR ITS MEMBERS. SOA MEMBERS ARE REQUIRED TO MEET A DEFINED LEVEL OF CONTINUING EDUCATION ANNUALLY IN ORDER TO MAINTAIN THEIR CREDENTIAL. THIS REQUIREMENT ASSURES THAT ALL SOA MEMBERS, EVEN THOSE WHO INITIALLY EARNED THEIR CREDENTIAL YEARS EARLIER, STAY CURRENT ON THE LATEST ACTUARIAL PRACTICES, KNOWLEDGE AND RESEARCH - AND THE EVER-EVOLVING SOCIETAL ISSUES THAT REQUIRE ACTUARIAL EXPERTISE. THIS LIFELONG LEARNING SUPPORTS ACTUARIES AS THEY PROVIDE EXPERT ADVICE AND RELEVANT SOLUTIONS FOR FINANCIAL, BUSINESS AND SOCIETAL PROBLEMS. 11541465 250767 SOA RESEARCH 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 RETIREMENT RISKS FOR INDIVIDUALS, THE COST OF HEALTHCARE AND LEADING EMERGING RISKS FOR BUSINESSES. THE SOA ALSO IS THE LEADING PROVIDER OF EXPERIENCE STUDIES, WHICH ARE WIDELY USED BY ACTUARIES TO DEVELOP FINANCIALLY SECURE INSURANCE SYSTEMS. MANY OUTPUTS OF SOA RESEARCH ARE ALSO REFERENCED BY POLICYMAKERS FOR VALUABLE BACKGROUND AND INSIGHT AS THEY DEVELOP LEGISLATION TO MEET PUBLIC NEEDS IN RELEVANT AREAS. 11541465 250767 52858565 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 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 0 0 1 322 0 1 157 1 1 1 1 CA UK CH 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 STACY DR LIN 8477063500 475 N MARTINGALE DR STE 600 SCHAUMBURG IL 601732252 SUE BLANCK BOARD MEMBER 1.00 X 0 0 0 ANDREA CHRISTOPHERSON BOARD MEMBER 1.00 X 0 0 0 JULIE CURTIS BOARD MEMBER 1.00 X 0 0 0 DAVID DILLON BOARD MEMBER 1.00 X 0 0 0 WILLIAM B FORNIA BOARD MEMBER 1.00 X 0 0 0 JAMES GLICKMAN PAST PRESIDENT 1.00 X X 18099 0 0 ROY GOLDMAN PRESIDENT-ELECT 1.00 X 1830 0 0 JENNIFER HAID BOARD MEMBER 1.00 X 0 0 0 CHRISTINE HOFBECK SECRETARY/TREASURER 1.00 X X 0 0 0 WENDY LIANG BOARD MEMBER 1.00 X 0 0 0 MICHAEL LOMBARDI PAST PRESIDENT 1.00 X X 1409 0 0 TERRY LONG BOARD MEMBER 1.00 X 0 0 0 EILEEN LUXTON SECRETARY/TREASURER 1.00 X X 0 0 0 ANDREW RALLIS PRESIDENT 1.00 X X 0 0 0 TIMOTHY ROZAR BOARD MEMBER 1.00 X 0 0 0 DAVID SANDBERG BOARD MEMBER 1.00 X 0 0 0 SARA TEPPEMA BOARD MEMBER 1.00 X 0 0 0 MARK YU BOARD MEMBER 1.00 X 0 0 0 LING-LING WANG BOARD MEMBER 1.00 X 0 0 0 ROBERT EATON BOARD MEMBER 1.00 X 0 0 0 SHARON GIFFEN BOARD MEMBER 1.00 X 0 0 0 LISA KUKLINSKI BOARD MEMBER 1.00 X 0 0 0 XU XUAN BOARD MEMBER 1.00 X 0 0 0 GREGORY HEIDRICH EXECUTIVE DIRECTOR 40.00 X 719591 0 59485 STACY D R LIN DEPUTY ED/CFO 40.00 X 427482 0 74212 R DALE HALL MD OF RESEARCH 40.00 X 345019 0 65691 KENNETH GUTHRIE MD OF EDUCATION 40.00 X 378711 0 68830 RICHARD VEYS GENERAL COUNSEL 40.00 X 337781 0 57599 MICHAEL BOOT MD OF SPA 40.00 X 293620 0 50252 PATRICK GOULD MD OF MARKETING & COMMUNICATIONS 40.00 X 253291 0 179934 EMILY KESSLER SR STAFF ACTUARY 40.00 X 265838 0 39443 STUART A KLUGMAN SR STAFF ACTUARY 40.00 X 279091 0 39962 ANDREW PETERSON MD OF INTERNATIONAL 40.00 X 247982 0 55786 LISA SCHILLING STAFF ACTUARY 40.00 X 221484 0 23918 TIMOTHY MOBERLY SR. DIR IT 40.00 X 226197 0 56112 4017425 0 771224 51 0 1 0 PROMETRIC PO BOX 223608 PITTSBURGH PA 15251 HOST TEST CENTERS 5732585 GOLIN HARRIS 875 N MICHIGAN AVE CHICAGO IL 60611 MARKETING CONSULTANT 1674809 MIB INC 160 UNIVERSITY AVE WESTWOOD MA 02284 EXPERIENCE STUDIES 989723 AUDIO VISUAL ONE LTD PO BOX 1115 BEDFORD PARK IL 60499 AV SERVICES 812595 SLACK AND COMPANY 233 N MICHIGAN AVE CHICAGO IL 60601 MARKETING CONSULTANT 607960 20 EXAMINATION FEES 611710 33389690 33389690 0 0 MEMBERSHIP DUES 611710 16564290 16564290 0 0 MEETING REGISTRATIONS 611710 9002990 9002990 0 0 PUBLICATIONS 900099 48451 48451 0 0 EMPLOYER TRAINING 611519 33000 33000 59038421 1902114 1902114 18871 18871 11352332 11061200 291132 291132 291132 MAILING LABELS/ADVERTISING 541800 76475 76475 WEBSITE-JOBLINK 541800 73970 73970 150445 61400983 59038421 150445 2212117 X 1443875 1443875 326620 326620 656644 656644 2945072 2420849 524223 13739427 11315489 2423938 1373117 1136070 237047 1672918 1384115 288803 1094850 905841 189009 364990 135909 229081 94509 94509 122831 122831 11326324 10877603 448721 5536291 5310345 225946 1009559 845369 164190 5262135 4857694 404441 4962294 4655263 307031 1182768 1052132 130636 245320 207079 38241 EQUIPMENT MAINTENANCE 2165984 1816978 349006 HONG KONG JOINT OFFICE 788858 788858 INTERNATIONAL RELATIONS 420425 420425 HONORARIA 400072 393072 7000 2241191 1908335 332856 59376074 52858565 6517509 0 555151 1157315 11433836 12429336 902639 339741 1203555 625946 294931 301040 632289 837344 15850351 12442722 3522041 3407629 55312790 63163763 330794 523599 12642 12631 74200668 82798344 7993504 8273312 12106907 19269818 330794 523599 20431205 28066729 X 53769463 54731615 53769463 54731615 74200668 82798344 X 2024909 5542254 -6605010 X 0 1 X 1 0 X 51154773 53214943 59059019 58282436 59038421 280749592 51154773 53214943 59059019 58282436 59038421 280749592 21521 19152 18320 14610 14452 88055 0 21521 19152 18320 14610 14452 88055 280661537 1120277 1235618 1540981 1793533 1902831 7593240 1120277 1235618 1540981 1793533 1902831 7593240 77186 77536 46052 28798 0 229572 52352236 54528097 60646052 60104767 60941252 288572404 0.97260 0.97380 0.02630 0.02460 X 1495441 1028228 467213 4387109 2946509 1440600 9967801 8467985 1499816 3407629 DEFERRED COMPENSATION 523599 523599 X 66194460 5542254 -625946 4916308 61278152 122831 122831 61400983 59253244 0 59253244 122831 122831 59376075 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 FINANCIAL STATEMENTS. THE SOCIETY FILES FORMS 990 IN THE U.S. FEDERAL JURISDICTION AND THE STATE OF ILLINOIS. PART XI, LINE 2D - OTHER ADJUSTMENTS: PROVISION FOR LOAN UNCOLLECTIBILITY 1 NORTH AMERICA 1 3 GRANTS TO RECIPIENTS 171530 EUROPE 0 0 GRANTS TO RECIPIENTS 157484 EAST ASIA AND PACIFIC 1 2 GRANTS TO RECIPIENTS 113355 NORTH AMERICA 1 3 PROGRAM ACTIVITIES PROGRAM ACTIVITIES 23659 EAST ASIA AND PACIFIC 1 1 PROGRAM ACTIVITIES PROGRAM ACTIVITIES 316400 EUROPE 0 0 PROGRAM ACTIVITIES PROGRAM ACTIVITIES 480167 CENTRAL AMERICA AND THE CARIBBEAN INVESTMENTS 6534663 4 9 0 0 4 9 7797258 0 7797258 EAST ASIA AND PACIFIC EDUCATIONAL GRANT 85355 CHECK N/A N/A EUROPE EDUCATIONAL GRANT 75000 CHECK N/A N/A EAST ASIA AND PACIFIC RESEARCH GRANT 10000 CHECK N/A N/A EUROPE RESEARCH GRANT 13334 CHECK N/A N/A EUROPE RESEARCH GRANT 15650 CHECK N/A N/A EAST ASIA AND PACIFIC RESEARCH GRANT 6000 CHECK N/A N/A EUROPE RESEARCH GRANT 10000 CHECK N/A N/A EUROPE RESEARCH GRANT 30000 CHECK N/A N/A 2 6 EDUCATIONAL SCHOLARSHIP EUROPE 5 2500 CHECK 0 N/A N/A EDUCATIONAL SCHOLARSHIPS NORTH AMERICA 8 160000 CHECK 0 N/A N/A RESEARCH GRANTS NORTH AMERICA 13 39109 CHECK 0 N/A N/A RESEARCH GRANT MIDDLE EAST 1 1000 CHECK 0 N/A N/A RESEARCH GRANT EUROPE 2 5000 CHECK 0 N/A N/A RESEARCH GRANT EAST ASIA AND PACIFIC 1 6666 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 MORGAN STATE UNIVERSITY FOUNDATION 1700 COLD SPRING LANE BALTIMORE MD 21251 386006309 501 (C) (3) 8000 N/A N/A EDUCATIONAL GRANT LL GLOBAL INC 300 DAY HILL ROAD WINDSOR CT 06095 261339203 15000 N/A N/A RESEARCH GRANT MATTHEW GREENWALD & ASSOC 4201 CONNECTICUT AVE NW WASHINGTON DC 20008 521407743 43060 N/A N/A RESEARCH GRANT STANFORD UNIVERSITY PO BOX 44253 SAN FRANCISCO CA 94144 941156365 501 (C) (3) 20000 N/A N/A RESEARCH GRANT HOWARD UNIVERSITY 2600 6TH STREET NW WASHINGTON DC 20059 530204707 501 (C) (3) 8000 N/A N/A EDUCATIONAL GRANT ILLINOIS STATE UNIVERSITY CAMPUS BOX 1200 NORMAL IL 61790 376014070 115 17500 N/A N/A RESEARCH GRANT REGENTS OF UNIV OF CALIFORNIA 2195 HEARST AVE BERKELEY CA 94720 943067788 115 30000 N/A N/A RESEARCH GRANT UNIVERSITY OF WISCONSIN DRAWER 538 MILWAUKEE WI 53278 396006492 115 98765 N/A N/A RESEARCH GRANT ALBERTS ACTUARIAL CONSULTING LLC 6510 CORNELL AVE INDIANAPOLIS IN 46220 262639210 66800 N/A N/A RESEARCH GRANT RUDOLPH FINANCIAL CONSULTING LLC 5002 S 237TH CIRCLE ELKHORN NE 68022 205431956 53133 N/A N/A RESEARCH GRANT HAUSE ACTUARIAL SOLUTIONS 7201 WEST 129TH STREET OVERLAND PARK KS 66213 481241259 12500 N/A N/A RESEARCH GRANT COMPASS TRANSPORTATION & TECHNOLOGY 1116 STACKHOUSE COURT POTOMAC MD 20854 464261216 16800 N/A N/A RESEARCH GRANT MADDOCK DOUGLAS INC 111 ADELL PLACE ELMHURST IL 60126 363748250 15000 N/A N/A RESEARCH GRANT MILLIMAN INC 650 CALIFORNIA STREET SAN FRANCISCO CA 94108 910675641 282163 N/A N/A RESEARCH GRANT RISK AND REGULATORY CONSULTING LLC 5155 PAYSPHERE CIRCLE CHICAGO IL 60674 454100320 143075 N/A N/A RESEARCH GRANT THE ACTUARIAL FOUNDATION 475 N MARTINGALE ROAD SCHAUMBURG IL 60173 363968441 501 (C) (3) 472500 FMV STAFF TIME GENERAL SUPPORT AMERICAN ACADEMY OF ACTUARIES 1850 N STREET NW WASHINGTON DC 20036 362142798 501 (C) (6) 251694 N/A N/A GENERAL SUPPORT INTERNATIONAL ASSOC OF BLACK ACTUARIES 45 TEN ACRE LANE WEST HARTFORD CT 06127 200761668 501 (C) (3) 45800 N/A N/A EDUCATIONAL GRANT UNIV OF CONNECTICUT 438 WHITNEY ROAD STORRS MANSFIELD CT 06269 061063574 115 55000 N/A N/A RESEARCH GRANT DEPAUL UNIVERSITY 1 E JACKSON CHICAGO IL 60604 362167048 501 (C) (3) 10000 N/A N/A EDUCATIONAL GRANT UNIVERSITY OF IOWA 1418 S CLINTON STREET IOWA CITY IA 52242 426004813 115 76000 N/A N/A RESEARCH GRANT OPTUMINSIGHT PO BOX 84019 CHICAGO IL 60689 411858498 50000 N/A N/A RESEARCH GRANT ERNST & YOUNG 3712 SOLUTIONS CENTER CHICAGO IL 60677 346565596 9000 N/A N/A RESEARCH GRANT FINANCIAL FINESSE 883 N DOUGLES ST EL SEGUNDO CA 90245 943333910 13000 N/A N/A RESEARCH GRANT UNIVERSITY OF NE MEDICAL CENTER 985045 NE MEDICAL CENTER OMAHA NE 68198 911858433 115 20000 N/A N/A RESEARCH GRANT ANALYTIC SOLUTIONS 52 WESTHILL DRIVE CAMDEN WYOMING DE 19934 824341965 6000 N/A N/A RESEARCH GRANT DENVER HEALTH MEDICAL CENTER PO BOX 17093 KIOWA CO 80117 841343242 501 (C) (3) 20000 N/A N/A RESEARCH GRANT UNIVERSITY OF TEXAS DALLAS 800 W CAMPBELL ROAD RICHARDSON TX 75080 751305566 115 8000 N/A N/A RESEARCH GRANT RESEARCH FOUNDATION STATE U OF NY 1400 WASHINGTON AVE ALBANY NY 12222 141368361 501 (C) (3) 70636 N/A N/A RESEARCH GRANT ACTUARIAL COMPASS 6250 AVEBURY CT MORROW OH 45152 461036478 12000 N/A N/A RESEARCH GRANT ARIZONA STATE UNIVERSITY 900 S PALM WALK TEMPE AZ 85287 860196696 115 50745 N/A N/A RESEARCH GRANT UNIVERSITY OF ILLINOIS 28392 NETWORK PLACE CHICAGO IL 60673 376000511 115 62000 N/A N/A RESEARCH GRANT BREAKTHROUGH DEVELOPMENT CO 2842 FOREST GROVE DR HENDERSON NV 89052 391938783 23000 N/A N/A RESEARCH GRANT HIRED BRANDS 518 OLD SANTA FE TRAIL SANTA FE NM 87505 462910910 35000 N/A N/A RESEARCH GRANT 17 20 RESEARCH GRANTS 54 190302 0 N/A N/A EDUCATIONAL GRANTS 8 110000 0 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 GREGORY HEIDRICH EXECUTIVE DIRECTOR 487784 0 231807 0 0 0 47000 0 12485 0 779076 0 0 0 STACY D R LIN DEPUTY ED/CFO 302028 0 125454 0 0 0 43775 0 30437 0 501694 0 0 0 R DALE HALL MD OF RESEARCH 285819 0 59200 0 0 0 35680 0 30011 0 410710 0 0 0 KENNETH GUTHRIE MD OF EDUCATION 282196 0 96515 0 0 0 38529 0 30301 0 447541 0 0 0 RICHARD VEYS GENERAL COUNSEL 263450 0 74331 0 0 0 33577 0 24022 0 395380 0 0 0 MICHAEL BOOT MD OF SPA 253924 0 39696 0 0 0 29218 0 21034 0 343872 0 0 0 PATRICK GOULD MD OF MARKETING & COMMUNICATIONS 174845 0 48013 0 30433 0 159986 0 19948 0 433225 0 0 0 EMILY KESSLER SR STAFF ACTUARY 218009 0 47829 0 0 0 26697 0 12746 0 305281 0 0 0 STUART A KLUGMAN SR STAFF ACTUARY 215170 0 63921 0 0 0 27684 0 12278 0 319053 0 0 0 ANDREW PETERSON MD OF INTERNATIONAL 211609 0 36373 0 0 0 25985 0 29801 0 303768 0 0 0 LISA SCHILLING STAFF ACTUARY 204406 0 17078 0 0 0 21882 0 2036 0 245402 0 0 0 TIMOTHY MOBERLY SR. DIR IT 184180 0 42017 0 0 0 23542 0 32570 0 282309 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 4A AS REPORTED IN SCHEDULE J, PART II, THE MANAGING DIRECTOR OF MARKETING WAS ISSUED A SEVERANCE PACKAGE CONSISTING OF 10 MONTHS OF PAYMENTS FOR A TOTAL OF $167,380 (NOVEMBER 2019 AUGUST 2020). PART I, LINE 7 ANNUAL BONUSES ARE DETERMINED BY PRESET PERCENTAGES BY SALARY GRADES. THE EXECUTIVE DIRECTOR, DEPUTY EXECUTIVE DIRECTOR, AND LEADERSHIP TEAM HAVE DISCRETION OVER WHICH PERCENTAGE, WITHIN THE RANGE, IS USED TO DETERMINE BONUSES. FORM 990, PART VI, SECTION A, LINE 1 THE LEADERSHIP TEAM CONSISTS OF FIVE SOA OFFICERS AND THE EXECUTIVE DIRECTOR. 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 THE ORGANIZATION AND WAS REVIEWED BY OUR OUTSIDE TAX ADVISOR. THE AUDIT 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 EXECUTIVE DIRECTOR, 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 EXECUTIVE DIRECTOR 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 2017 AND 2018 ARE AVAILABLE ON THE WEBSITE. FORM 990, PART IX, LINE 11G CONSULTING: PROGRAM SERVICE EXPENSES 4,017,258. MANAGEMENT AND GENERAL EXPENSES 350,330. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,367,588. EXAM GRADING & CBT: PROGRAM SERVICE EXPENSES 5,305,742. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,305,742. EXPERIENCE STUDIES: PROGRAM SERVICE EXPENSES 1,360,777. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,360,777. HR EXPENSE: PROGRAM SERVICE EXPENSES 193,826. MANAGEMENT AND GENERAL EXPENSES 98,391. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 292,217. FORM 990, PART XI, LINE 9: PROVISION FOR LOAN UNCOLLECTIBILITY -625,946. CUMULATIVE EFFECT ADJUSTMENT RELATED TO ADOPTION OF ASU 2014-09 -5,979,064. CAA GLOBAL LIMITED 7TH FLOOR HOLBORN GATE 326-330 HIG LONDON UK WC1V 7PP DELIVERY AND DEVELOPMENT OF THE CERTIFIED ACTUARIAL ANALYST QUALIFICATION UK 501(C)(3) 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0