2025-10-31T09:24:57-05:00 2024-12-31 331498605 PLANTE & MORAN PLLC 10 S RIVERSIDE PLAZA 9TH FLOOR CHICAGO IL 60606 990 2024-01-01 362136422 SOCIETY OF ACTUARIES RESEARCH INSTITUTE SOCI 8477063500 8770 W BRYN MAWR AVE 1000 CHICAGO IL 60631 GREGORY HEIDRICH CEO 8477063500 2025-10-30 1 1 LU ANN TRAPP P01506476 3122071040 2025-10-30 2024 2025-03-06 01:10:19Z GREGORY HEIDRICH 8770 W BRYN MAWR AVE 1000 CHICAGO IL 60631 13106748 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. 23 23 188 1400 0 0 1311410 694436 157358 799718 -58931 2048539 0 0 1409837 3542693 2032465 1332001 0 0 4459997 3819993 0 0 0 1971561 1970197 8464023 7122191 -7054186 -3579498 41743339 41388060 2805269 4341719 38938070 37046341 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 6560810 1332001 799718 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, 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. 6560810 1 1 0 0 0 0 0 0 0 0 1 1 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 30 0 1 188 1 0 1 CA 0 0 0 0 0 0 0 0 0 0 X 23 23 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 IL AL AK AZ AR CA CO CT DE DC FL GA HI ID IN IA KS KY LA ME MD MA MI MN MS MI MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VA WA WV WI WY X ROSE FEALY 8477063500 8770 W BRYN MAWR AVE SUITE 1000 CHICAGO IL 60631 X DAVID DILLON PRESIDENT-ELECT 1.00 1.00 X X 0 0 0 AMANDA HUG PRESIDENT 1.00 1.00 X X 0 0 0 JOHN ROBINSON PRESIDENT 1.00 1.00 X X 0 0 0 TIM ROZAR PAST PRESIDENT 1.00 1.00 X X 0 0 0 YING ZHAO SECRETARY/TREASURER 1.00 1.00 X X 0 0 0 KAREN ANWAY BOARD MEMBER 1.00 1.00 X 0 0 0 DAVID BOETTCHER BOARD MEMBER 1.00 1.00 X 0 0 0 KAREN BURNETT BOARD MEMBER 1.00 1.00 X 0 0 0 SHERRY CHAN BOARD MEMBER 1.00 1.00 X 0 0 0 GABRIELA DIEGUEZ BOARD MEMBER 1.00 1.00 X 0 0 0 IAN DUNCAN BOARD MEMBER 1.00 1.00 X 0 0 0 SARA GOLDBERG BOARD MEMBER 1.00 1.00 X 0 0 0 DAVID INGRAM BOARD MEMBER 1.00 1.00 X 0 0 0 LISA KUKLINSKI BOARD MEMBER 1.00 1.00 X 0 0 0 JACKIE LEE BOARD MEMBER 1.00 1.00 X 0 0 0 MELODY PRANGLEY BOARD MEMBER 1.00 1.00 X 0 0 0 DANIEL PRIBE BOARD MEMBER 1.00 1.00 X 0 0 0 KELLY RABIN BOARD MEMBER 1.00 1.00 X 0 0 0 MARY BETH RAMSAY BOARD MEMBER 1.00 1.00 X 0 0 0 HANS WAGNER BOARD MEMBER 1.00 1.00 X 0 0 0 JON WU BOARD MEMBER 1.00 1.00 X 0 0 0 SI XIE BOARD MEMBER 1.00 1.00 X 0 0 0 MERCY YAN BOARD MEMBER 1.00 1.00 X 0 0 0 GREG HEIDRICH CEO 36.00 4.00 X 761837 0 90008 ROSE B FEALY COO/CFO 36.00 4.00 X 495957 0 49268 R DALE HALL MANAGING DIRECTOR RESEARCH 36.00 4.00 X 427609 0 79861 KEN GUTHRIE MANAGING DIRECTOR EDUCATION 36.00 4.00 X 434227 0 80290 COURTNEY NASHAN MANAGING DIRECTOR ENGAGEMENT 36.00 4.00 X 363268 0 73287 JOSEPH WURZBURGER MANAGING DIRECTOR,STRATEGY 36.00 4.00 X 358324 0 72975 VICKI BAUE GENERAL COUNSEL 36.00 4.00 X 383693 0 47896 CARLA CARRY MANAGING DIRECTOR, MARKETING 36.00 4.00 X 332417 0 69555 ANDREW PETERSON MANAGING DIRECTOR INTERNATIONAL 36.00 4.00 X 302041 0 67041 ALICE LOCATELLI MANAGING DIRECTOR OF EXPERIENCE 36.00 4.00 X 296196 0 31934 MONIKA MCGUIRE GENERAL COUNSEL 36.00 4.00 X 289849 0 69258 STUART KLUGMAN SR. STAFF FELLOW 36.00 4.00 X 301323 0 44548 EMILY KESSLER SR. STAFF FELLOW 36.00 4.00 X 291127 0 44060 TIFFANY STAMM SR. DIRECTOR, FINANCE & FACILITIES 36.00 4.00 X 264185 0 50906 TIMOTHY MOBERLY SENIOR DIRECTOR, ITS 36.00 4.00 X 246700 0 61288 5548753 0 932175 63 0 1 0 LL GLOBAL PO BOX 7247 PHILADELPHIA PA 19170 RESEARCH CONSULTANT 352500 AXENE HEALTH PARTNERS 24630 WASHINGTON AVE STE 203 MURRIETA CA 92562 HEALTH CONSULTANT 185000 RJH INTEGRATED SOLUTIONS LLC 834 72ND STREET DOWNERS GROVE IL 60515 CONSULTANT 132624 ROB MONTGOMERY 215 S PROSPECT STREET GRANVILLE OH 43023 RESEARCH CONSULTANT 126951 RISK & REGULATORY CONSULTING LLC 20 BATTERSON PARK ROAD FARMINGTON CT 06095 RESEARCHER 110000 5 417436 277000 694436 RESEARCH REVENUE 611710 794000 794000 OTHER PROGRAM REVENUE 611710 5718 5718 799718 720617 720617 10891977 9564055 1327922 1327922 1327922 3542693 799718 0 2048539 X 1041932 1041932 110914 110914 179155 179155 401296 351228 50068 2685598 2350529 335069 308690 270176 38514 188262 157700 30562 236147 206684 29463 921508 921508 32047 32047 368095 342239 25856 42633 37501 5132 88413 88413 101038 90092 10946 47297 31734 15563 STAFF CONTINUING EDUCAT 16616 16616 352550 332342 20208 7122191 6560810 561381 0 2738159 2202133 614946 458930 24135 26486 11521423 11485393 144772 36030 30680365 31675836 5916573 6051988 1624389 936657 41743339 41388060 1606763 2342133 570000 1198506 1429586 2805269 4341719 X 38938070 37046341 38938070 37046341 41743339 41388060 X -3579498 1699516 -11747 X 0 1 X 1 0 X 277797 410785 387508 1311410 694436 3081936 6100306 3650 157358 799718 7061032 6378103 410785 391158 1468768 1494154 10142968 0 0 0 10142968 1361159 1642898 1268204 754617 720617 5747495 1361159 1642898 1268204 754617 720617 5747495 7739262 2053683 1659362 2223385 2214771 15890463 0.63830 0.90690 0.36170 0.09290 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2706245 2703817 2428 8815178 8781576 33602 36030 ALTERNATIVE INVESTMENTS 4622402 F DEFERRED COMPENSATION PLAN ASSETS 1429586 F 6051988 DEFERRED COMPENSATION 1429586 1429586 X 76880987 1699516 71638778 73338294 3542693 0 3542693 64489627 57367436 57367436 7122191 0 7122191 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 72,067,961. UNREALIZED CURRENCY GAIN -11,747. INTER-COMPANY REVENUE - RELATED ORGANIZATION -417,436. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES OF RELATED ORGANIZATION, SOA - CONSOLIDATED FINANCIAL STATEMENTS 57,784,872. INTER-COMPANY EXPENSE - RELATED ORGANIZATION -417,436. 1 EAST ASIA AND PACIFIC 3 3 GRANTS TO RECIPIENTS GRANTS TO RECIPIENTS 72005 EUROPE GRANTS TO RECIPIENTS GRANTS TO RECIPIENTS 67333 MIDDLE EAST AND AFRICA GRANTS TO RECIPIENTS GRANTS TO RECIPIENTS 7500 NORTH AMERICA 1 3 GRANTS TO RECIPIENTS GRANTS TO RECIPIENTS 16744 SOUTH AMERICA GRANTS TO RECIPIENTS GRANTS TO RECIPIENTS 8573 SOUTH ASIA GRANTS TO RECIPIENTS GRANTS TO RECIPIENTS 7000 CENTRAL AMERICA 0 0 INVESTMENTS 4622402 4 6 0 0 4 6 4801557 0 4801557 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, RESEARCH GRANT 30405 CHECK 0 N/A N/A EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM RESEARCH GRANT 45333 CHECK 0 N/A N/A EAST ASIA AND THE PACIFIC RESEARCH GRANT 8000 CHECK 0 N/A N/A 3 0 RESEARCH GRANT NORTH AMERICA 2 16744 WIRE N/A N/A RESEARCH GRANT EAST ASIA & PACIFIC 2 29100 WIRE N/A N/A RESEARCH GRANT EUROPE 3 22000 WIRE N/A N/A RESEARCH GRANT SOUTH AMERICA 1 8573 WIRE N/A N/A RESEARCH GRANT MIDDLE EAST & AFRICA 1 7500 WIRE N/A N/A RESEARCH GRANT SOUTH ASIA 1 7000 WIRE N/A N/A RESEARCH PRIZE EAST ASIA & PACIFIC 9 4500 WIRE N/A N/A 0 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. 1 ACTUARIAL RESEARCH CORPORATION 6928 LITTLE RIVER TURNPIKE SUITE E ANNANDALE VA 22003 540994930 38000 0 RESEARCH GRANT APPLIED STOCHASTIC LLC 305 CORALBERRY ROAD LOUISVILLE KY 40207 300732299 7500 0 RESEARCH GRANT ARIZONA STATE UNIVERSITY PO BOX 876011 TEMPE AZ 85287 860196696 115 8445 0 RESEARCH GRANT AXENE HEALTH PARTNERS LLC 41923 2ND STREET TEMECULA CA 92590 412086311 125000 0 RESEARCH GRANT CUANTO CONSULTING LLC 3275 MISSION ST 6 SAN FRANCISCO CA 94110 883468254 13000 0 RESEARCH GRANT DAVID SCHRAUB ACTUARIAL CONSULTANCY 72 AVON ROAD NORTHBROOK IL 60062 934816549 11000 0 RESEARCH GRANT DELOITTE CONSULTING LLP PO BOX 7247-6447 PHILADELPHIA PA 191706447 061454513 33000 0 RESEARCH GRANT DYNATA LLC 4 RESEARCH DRIVE SUITE 300 SHELTON CT 06484 208090668 18775 0 RESEARCH GRANT HARTMAN ANALYTICS LLC 282 WEST 4020 NORTH PROVO UT 84604 811373110 15000 0 RESEARCH GRANT HAUSE ACTUARIAL SOLUTIONS INC 7201 WEST 129TH STREET STE 310 OVERLAND PARK KS 66213 481241259 13000 0 RESEARCH GRANT HEALTHCARE ANALYTICS PO BOX 41408 PROVIDENCE RI 02940 043644745 60000 0 RESEARCH GRANT LOGICA RESEARCH 377 ELSIE STREET SAN FRANCISCO CA 94110 262001804 32000 0 RESEARCH GRANT MILLIMAN INC 121 MIDDLE STREET SUITE 401 PORTLAND ME 04101 910675641 217985 0 RESEARCH GRANT MONTOUX 954 LEXINGTON AVE 2028 NEW YORK NY 10021 821473703 7000 0 RESEARCH GRANT OLIVER WYMAN ACTUARIAL CONSULTING 3560 LENOX ROAD SUITE 2400 ATLANTA GA 30326 134147522 8000 0 RESEARCH GRANT PRICEWATERHOUSECOOPERS PO BOX 75647 CHICAGO IL 60675 134008324 50000 0 RESEARCH GRANT PURDUE UNIVERSITY 155 S GRANT ST WEST LAFAYETTE IN 47907 356002041 115 34000 0 RESEARCH GRANT R A GUZZO LLC 10302 CITATION WAY LAUREL MD 20723 921466840 26000 0 RESEARCH GRANT REGENTS OF THE UNIVERSITY OF CAL BERKLEY 1608 4TH STREET BERKELEY CA 94720 943067788 115 35056 0 RESEARCH GRANT RGA ENTERPRISE SERVICES 16600 SWINGLEY RIDGE CHESTERFIELD MO 63017 472015651 17000 0 RESEARCH GRANT RGA REINSURANCE GROUP OF AMERICA 16600 SWINGLEY RIDGE CHESTERFIELD MO 63017 431235868 15000 0 RESEARCH GRANT RISCAL CONSULTING LLC 305 W 59TH STREET APT 11 HINSDALE IL 60521 833062554 25771 0 RESEARCH GRANT RISK & REGULATORY CONSULTING 20 BATTERSON PARK ROAD FARMINGTON CT 06032 454100320 114000 0 RESEARCH GRANT RUDOLPH FINANCIAL CONSULTING LLC 9702 S 103RD AVE PAPILLION NE 68046 921362756 33000 0 RESEARCH GRANT SCOR GLOBAL LIFE 101 S TYRON ST 30TH FLOOR CHARLOTTE NC 28280 756020048 24000 0 RESEARCH GRANT TRUSTEES OF BOSTON UNIVERSITY 881 COMMONWEALTH AVE BOSTON MA 02215 042103547 115 12500 0 RESEARCH GRANT UNIVERSITY OF IOWA FOUNDATION 20 E WASHINGTON STREET IOWA CITY IA 52242 420796760 115 8000 0 RESEARCH GRANT VICKIE L BAJTELSMIT CONSULTING LLC 6846 RIDGELINE DRIVE TINMATH CO 80547 462110264 39900 0 RESEARCH GRANT 5 23 RESEARCH PRIZES 17 108914 N/A N/A RESEARCH GRANTS 4 2000 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 1 0 0 0 0 0 1 0 GREG HEIDRICH CEO 581842 0 179995 0 0 0 75731 0 14277 0 851845 0 0 0 ROSE B FEALY COO/CFO 386777 0 109180 0 0 0 34500 0 14768 0 545225 0 0 0 KEN GUTHRIE MANAGING DIRECTOR EDUCATION 337252 0 96975 0 0 0 44423 0 35867 0 514517 0 0 0 R DALE HALL MANAGING DIRECTOR RESEARCH 341218 0 86391 0 0 0 44157 0 35704 0 507470 0 0 0 COURTNEY NASHAN MANAGING DIRECTOR ENGAGEMENT 291718 0 71550 0 0 0 37492 0 35795 0 436555 0 0 0 VICKI BAUE GENERAL COUNSEL 318349 0 65344 0 0 0 34500 0 13396 0 431589 0 0 0 JOSEPH WURZBURGER MANAGING DIRECTOR,STRATEGY 287111 0 71213 0 0 0 37315 0 35660 0 431299 0 0 0 CARLA CARRY MANAGING DIRECTOR, MARKETING 277417 0 55000 0 0 0 33892 0 35663 0 401972 0 0 0 ANDREW PETERSON MANAGING DIRECTOR INTERNATIONAL 247909 0 54132 0 0 0 31554 0 35487 0 369082 0 0 0 MONIKA MCGUIRE GENERAL COUNSEL 248282 0 41567 0 0 0 30350 0 38908 0 359107 0 0 0 STUART KLUGMAN SR. STAFF FELLOW 257305 0 44018 0 0 0 30231 0 14317 0 345871 0 0 0 EMILY KESSLER SR. STAFF FELLOW 253142 0 37985 0 0 0 29172 0 14888 0 335187 0 0 0 ALICE LOCATELLI MANAGING DIRECTOR OF EXPERIENCE 250659 0 45537 0 0 0 29554 0 2380 0 328130 0 0 0 TIFFANY STAMM SR. DIRECTOR, FINANCE & FACILITIES 215595 0 48590 0 0 0 27626 0 23280 0 315091 0 0 0 TIMOTHY MOBERLY SENIOR DIRECTOR, ITS 216242 0 30458 0 0 0 26049 0 35239 0 307988 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 $200 PER CALENDAR YEAR AND ARE TREATED AS TAXABLE COMPENSATION. PART I, LINE 4B DURING 2024, THE CEO ACCRUED A BENEFIT OF $18,231 FROM A 457(F) NON-QUALIFIED RETIREMENT PLAN. THE EMPLOYEE'S ACCOUNT SHALL VEST AS OF THE EARLIEST OF THE FOLLOWING DATES: (I) THE DEATH OF THE EMPLOYEE; (II) THE EMPLOYEE'S TOTAL DISABILITY; (III) THE EMPLOYEE'S INVOLUNTARY SEPARATION FROM SERVICE BY THE EMPLOYER WITHOUT CAUSE; (IV) THE EMPLOYEE'S SEPARATION FROM SERVICE FOR GOOD REASON; OR (V) JUNE 30, 2025. IF THE EMPLOYEE INCURS A SEPARATION FROM SERVICE RESULTING FROM A VOLUNTARY QUIT OR INCURS AN INVOLUNTARY SEPARATION FROM SERVICE FOR CAUSE PRIOR TO JUNE 30, 2025, THE BALANCE OF THE EMPLOYEE'S ACCOUNT SHALL BE FORFEITED. PART I, LINE 7 ANNUAL BONUSES ARE DETERMINED BY PRESET PERCENTAGES BY SALARY GRADES. THE CEO, DEPUTY CEO, AND EXECUTIVE COMMITTEE HAVE DISCRETION OVER WHICH PERCENTAGE, WITHIN THE RANGE, IS USED TO DETERMINE BONUSES. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE CONSISTS OF FOUR OFFICERS, ONE AT LARGE BOD MEMBER AND THE CEO. THE EXECUTIVE COMMITTEE HAS THE AUTHORITY TO CARRY OUT THE BUSINESS AND FUNCTIONS OF THE SOA BETWEEN MEETINGS OF THE BOARD OF DIRECTORS. THE EXECUTIVE COMMITTEE 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 EXECUTIVE COMMITTEE, 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 EXECUTIVE COMMITTEE 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 IX, LINE 11G PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 921,508. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 921,508. FORM 990, PART XI, LINE 9: UNREALIZED CURRENCY GAIN -11,747. 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 0 1 0 0 0 0 0 0 1 0 1 1 1 1 1 0 SOCIETY OF ACTUARIES C 417436 CASH CONTRIBUTION SOCIETY OF ACTUARIES E 936657 INTER-COMPANY PAYABLE