2015-08-17T15:37:49-05:00 2014-12-31 381357951 PLANTE & MORAN PLLC 10 S RIVERSIDE PLAZA 9TH FLOOR CHICAGO IL 60606 990 2014-01-01 362136422 SOCIETY OF ACTUARIES SOCI 8477063500 475 N MARTINGALE ROAD NO 600 SCHAUMBURG IL 601732252 GREGORY HEIDRICH EXECUTIVE DIRECTOR 8477063500 2015-08-13 1 LU ANN TRAPP P01506476 3122071040 2015-08-13 2014 2016-04-25 22:37:26Z GREGORY HEIDRICH 475 N MARTINGALE ROAD NO 600 SCHAUMBURG IL 601732252 61730204 0 X WWW.SOA.ORG X 1948 IL THE SOA, THROUGH RESEARCH AND EDUCATION, ADVANCES ACTUARIAL KNOWLEDGE AND IMPROVES(SEE SCHEDULE O) DECISION MAKING TO BENEFIT SOCIETY. WE ENHANCE THE ABILITY OF ACTUARIES TO BE TRUSTED FINANCIAL AND BUSINESS ADVISORS ON PROBLEMS INVOLVING UNCERTAIN FUTURE EVENTS. WE PROVIDE AND ENSURE THE INTEGRITY AND RELEVANCE OF OUR CREDENTIALS. 28 28 146 3832 216667 80824 0 0 49058016 49960536 906226 1238353 188975 230071 50153217 51428960 2066297 2266572 0 0 14074856 15253306 0 0 0 29591423 30300417 45732576 47820295 4420641 3608665 59542626 62573337 16920357 16378836 42622269 46194501 X THE SOA, THROUGH RESEARCH AND EDUCATION, ADVANCES ACTUARIAL KNOWLEDGE AND IMPROVES DECISION MAKING TO BENEFIT SOCIETY. WE ENHANCE THE ABILITY OF ACTUARIES TO BE TRUSTED FINANCIAL AND BUSINESS ADVISORS ON PROBLEMS INVOLVING UNCERTAIN FUTURE EVENTS. WE PROVIDE AND ENSURE THE INTEGRITY AND RELEVANCE OF OUR CREDENTIALS. 0 0 10330651 1746782 12824441 MEMBERSHIP: THE SOA IS A MEMBERSHIP ORGANIZATION WITH MORE THAN 25,000 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 INSURANCE, LIFE INSURANCE AND GENERAL INSURANCE (PROPERTY & CASUALTY) AND RETIREMENT SYSTEMS AND PROVIDING RISK MANAGEMENT ADVICE ON AN ENTERPRISE-WIDE LEVEL TO MANY TYPES OF COMMERCIAL ORGANIZATIONS. 16755351 28021928 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. 6679200 6970531 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. 8417105 2143636 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. 8417105 2143636 42182307 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 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 0 0 0 0 1 165 0 1 146 1 1 1 1 CA 0 0 0 0 0 0 0 0 X 28 28 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 1 0 IL X STACY DR LIN 8477063500 475 N MARTINGALE DR STE 600 SCHAUMBURG IL 601732252 JOAN BARRETT BOARD MEMBER 1.00 0.00 X 0 0 0 ROWEN BELL BOARD MEMBER 1.00 0.00 X 0 0 0 SUE BLANCK BOARD MEMBER 1.00 0.00 X 0 0 0 JEREMY BROWN BOARD MEMBER 1.00 0.00 X 0 0 0 LARRY BRUNING BOARD MEMBER 1.00 0.00 X 0 0 0 AUGUST CHOW BOARD MEMBER 1.00 0.00 X 0 0 0 ERROLL CRAMER PRESIDENT-ELECT 1.00 0.00 X X 10450 0 0 JAMES DOHERTY BOARD MEMBER 1.00 0.00 X 0 0 0 IAN DUNCAN BOARD MEMBER 1.00 0.00 X 0 0 0 ANDY FERRIS BOARD MEMBER 1.00 0.00 X 0 0 0 MARK FREEDMAN PRESIDENT 1.00 0.00 X X 29994 0 0 C IAN GENNO VICE PRESIDENT 1.00 0.00 X 0 0 0 JENNIFER GILLESPIE SECRETARY/TREASURER 1.00 0.00 X X 0 0 0 SARA GOLDBERG BOARD MEMBER 1.00 0.00 X 0 0 0 R THOMAS HERGET VICE PRESIDENT 1.00 0.00 X 0 0 0 PAULA HODGES BOARD MEMBER 1.00 0.00 X 0 0 0 R EVAN INGLIS BOARD MEMBER 1.00 0.00 X 0 0 0 OLGA JACOBS BOARD MEMBER 1.00 0.00 X 0 0 0 RONALD KLEIN BOARD MEMBER 1.00 0.00 X 0 0 0 TONYA MANNING PAST PRESIDENT 1.00 0.00 X X 0 0 0 JENNIFER MCGINNIS BOARD MEMBER 1.00 0.00 X 0 0 0 JOHN NIGH VICE PRESIDENT 1.00 0.00 X 0 0 0 KORY OLSEN BOARD MEMBER 1.00 0.00 X 0 0 0 VALERIE PAGANELLI VICE PRESIDENT 1.00 0.00 X 0 0 0 SUSAN PANTELY BOARD MEMBER 1.00 0.00 X 0 0 0 CRAIG REYNOLDS PRESIDENT-ELECT 1.00 0.00 X X 0 0 0 JOHN ROBINSON BOARD MEMBER 1.00 0.00 X 0 0 0 SUSAN SAMES VICE PRESIDENT 1.00 0.00 X 0 0 0 DAVID SANDBERG BOARD MEMBER 1.00 0.00 X 0 0 0 SUDHA SHENOY BOARD MEMBER 1.00 0.00 X 0 0 0 BRAD SMITH PAST PRESIDENT 1.00 0.00 X X 0 0 0 JAMES TRIMBLE BOARD MEMBER 1.00 0.00 X 0 0 0 DARRYL WAGNER VICE PRESIDENT 1.00 0.00 X 0 0 0 GENGHUI WU BOARD MEMBER 1.00 0.00 X 0 0 0 GREGORY HEIDRICH EXECUTIVE DIRECTOR 40.00 0.00 X 408146 0 47077 STACY D LIN DEPUTY ED/CFO 40.00 0.00 X 279467 0 46838 KENNETH GUTHRIE MD OF EDUCATION 40.00 0.00 X 255229 0 43632 RICHARD VEYS GENERAL COUNSEL 40.00 0.00 X 244383 0 34077 R DALE HALL MD OF RESEARCH 40.00 0.00 X 235209 0 17463 MICHAEL BOOT MD OF SPA 40.00 0.00 X 233378 0 39527 MARGARET ANN JORDAN MD OF STRATEGY & INTERNATIONAL 40.00 0.00 X 221262 0 33334 PATRICK GOULD MD OF MARKETING & COMM 40.00 0.00 X 179567 0 29750 EMILY KESSLER SR STAFF ACTUARY 40.00 0.00 X 231115 0 30363 STUART KLUGMAN SR STAFF ACTUARY 40.00 0.00 X 218980 0 29181 ANDREW PETERSON SR STAFF ACTUARY 40.00 0.00 X 189173 0 36242 CYNTHIA MACDONALD SR EXPERIENCE STUDIES ACTUARY 40.00 0.00 X 188091 0 36194 JUDITH POWILLS SR DIRECTOR 40.00 0.00 X 187124 0 33814 3111568 0 457492 35 0 1 0 PROMETRIC PO BOX 223608 PITTSBURGH PA 15251 HOST TEST CENTERS 4197454 GOLIN HARRIS 875 N MICHIGAN AVE CHICAGO IL 60611 PUBLIC RELATIONS CONSULTANT 1058700 SLACK AND COMPANY 233 N MICHIGAN AVE CHICAGO IL 60601 MARKETING CONSULTANT 943224 MIB INC 160 UNIVERSITY AVE WESTWOOD MA 02284 EXPERIENCE STUDIES 705383 RACKSPACE MANAGED HOSTING PO BOX 730759 DALLAS TX 75373 IT HOSTING SERVICES 635448 16 EXAMINATION FEES 611710 28021928 28021928 MEMBERSHIP DUES 611710 12824441 12824441 MEETING REGISTRATIONS 611710 6970531 6970531 RESEARCH INCOME 541900 1596675 1596675 SPONSORSHIPS 541800 520725 520725 26236 26236 49960536 1182747 1182747 13404 13404 10356850 10301244 55606 55606 55606 WEBSITE-JOBLINK 541800 117501 117501 MAILING LABELS/ADVERTISING 541800 99166 99166 216667 51428960 49960536 216667 1251757 X 1309459 1309459 442756 442756 514357 514357 2388781 1766468 622313 10116421 8542022 1574399 856709 665415 191294 1073247 840186 233061 818148 665620 152528 497762 276599 221163 92921 92921 176363 176363 8854330 8590151 264179 5103483 4846954 256529 671814 556841 114973 4529730 4082389 447341 4506109 4182431 323678 1164980 1019344 145636 256670 213174 43496 EQUIPMENT MAINTENANCE 1792711 1482814 309897 INTERNATIONAL RELATIONS 374945 374945 HONORARIA 340460 340460 HONG KONG JOINT OFFICE 256679 256679 1681460 1213243 468217 47820295 42182307 5637988 0 951422 842589 9216040 8369900 898412 1405199 161720 151038 673032 1037405 14428688 11175845 3086788 3252843 44347501 47318816 207711 195547 59542626 62573337 8002275 7325387 8918082 9053449 16920357 16378836 X 42622269 46194501 42622269 46194501 59542626 62573337 3608665 -36433 0 X 0 1 X 1 0 X 38475849 41166758 44836997 49058016 49960536 223498156 38475849 41166758 44836997 49058016 49960536 223498156 15640 14555 19265 22010 21876 93346 0 15640 14555 19265 22010 21876 93346 223404810 290833 525140 625922 742697 1182747 3367339 290833 525140 625922 742697 1182747 3367339 90435 109103 87599 69540 103523 460200 50817 27315 1575 79707 38907934 41828316 45552093 49870253 51246806 227405402 0.98240 0.98400 0.01480 0.01200 X 1059572 397402 662170 4664459 3318291 1346168 8704657 7460152 1244505 3252843 X 51216164 -36433 -36433 51252597 176363 176363 51428960 47643932 0 47643932 176363 176363 47820295 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. THE SOCIETY IS GENERALLY NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR YEARS BEFORE 2011. 1 NORTH AMERICA 1 3 GRANTS TO RECIPIENTS 379215 EUROPE 0 0 GRANTS TO RECIPIENTS 127147 EAST ASIA AND PACIFIC 1 1 GRANTS TO RECIPIENTS 7995 NORTH AMERICA 1 3 PROGRAM SERVICES PROGRAM ACTIVITIES 24700 EAST ASIA AND PACIFIC 1 1 PROGRAM SERVICES PROGRAM ACTIVITIES 256679 EUROPE 0 0 PROGRAM SERVICES PROGRAM ACTIVITIES 58501 4 8 0 0 4 8 854237 0 854237 EUROPE RESEARCH GRANT 93830 CHECK 0 N/A N/A NORTH AMERICA RESEARCH GRANT 99000 CHECK 0 N/A N/A NORTH AMERICA RESEARCH GRANT 9200 CHECK 0 N/A N/A NORTH AMERICA RESEARCH GRANT 10000 CHECK 0 N/A N/A NORTH AMERICA RESEARCH GRANT 10000 CHECK 0 N/A N/A NORTH AMERICA RESEARCH GRANT 15000 CHECK 0 N/A N/A EUROPE RESEARCH GRANT 9000 CHECK 0 N/A N/A NORTH AMERICA RESEARCH GRANT 7000 CHECK 0 N/A N/A NORTH AMERICA RESEARCH GRANT 7000 CHECK 0 N/A N/A 9 RESEARCH GRANTS EAST ASIA AND PACIFIC 2 4481 CHECK 0 N/A N/A RESEARCH GRANTS EUROPE 6 12937 CHECK 0 N/A N/A RESEARCH GRANTS NORTH AMERICA 20 50583 CHECK 0 N/A N/A RESEARCH GRANTS NORTH AMERICA 8 160000 CHECK 0 N/A N/A 0 0 0 0 0 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 II LINE 1 ALL GRANTS ARE RECORDED BASED ON THE ACCRUAL METHOD OF ACCOUNTING. 1 ILLINOIS STATE UNIVERSITY 313 STEVENSON HALL NORMAL IL 61790 376014070 115 15500 0 N/A N/A EDUCATIONAL GRANTS ACTUARIAL SCIENCE MARYVILLE 650 MARYVILLE UNIVERSITY ST LOUIS MO 63141 430653369 115 7500 0 N/A N/A EDUCATIONAL GRANTS UNIVERSITY OF ILLINOIS PO BOX 4610 SPRINGFIELD IL 62708 376000511 115 75462 0 N/A N/A EDUCATIONAL GRANTS UNIVERSITY OF MICHIGAN 3003 S STATE STREET ANN ARBOR MI 48109 386006309 115 81180 0 N/A N/A EDUCATIONAL GRANTS UNIVERSITY OF IOWA B5 JESSUP HALL IOWA CITY IA 52242 426004813 115 58404 0 N/A N/A EDUCATIONAL GRANTS TEMPLE UNIVERSITY PO BOX 824242 PHILADELPHIA PA 19182 231365971 115 99743 0 N/A N/A EDUCATIONAL GRANTS INTERNATIONAL ASSOCIATION OF BL PO BOX 369 WINDSOR CT 06095 200761668 501(C)(3) 8000 0 N/A N/A EDUCATIONAL GRANT MORGAN STATE UNIVERSITY 1700 COLD SPRING LANE BALTIMORE MD 21251 237089143 8000 0 N/A N/A EDUCATIONAL GRANT RUDOLPH FINANCIAL CONSULTING 5002 S 237 CIRCLE ELKHORN WI 68022 205431956 67500 0 N/A N/A RESEARCH GRANT AUERSBURG LLC 1820 ALSCHULER DRIVE AURORA IL 60506 264088942 15000 0 N/A N/A RESEARCH GRANT DELOITTE CONSULTING LLP PO BOX 7247-6447 PHILADELPHIA PA 19170 061454513 55000 0 N/A N/A RESEARCH GRANT SIMERGY CONSULTING 405 LEXINGTON AVE NEW YORK NY 10174 272080906 15000 0 N/A N/A RESEARCH GRANT BOARD OF REGENTS U OF WI OFFICE OF RESEARCH SPONSORSHIP MILWAUKEE WI 53278 396006492 16000 0 N/A N/A RESEARCH GRANT KENNELL & ASSOC 3130 FAIRVIEW PARK DRIVE FALLS CHURCH VA 22042 541771141 30000 0 N/A N/A RESEARCH GRANT MILLIMAN 71 S WACKER DRIVE CHICAGO IL 60606 910675641 45000 0 N/A N/A RESEARCH GRANT LIMRA PO BOX 405575 ATLANTA GA 30384 261339203 20000 0 N/A N/A RESEARCH GRANT PRICEWATERHOUSE COOPERS PO BOX 75647 CHICAGO IL 60675 134008324 48500 0 N/A N/A RESEARCH GRANT STANFORD UNIVERSITY PO BOX 44253 SAN FRANCISCO CA 94144 941156365 501(C)(3) 30000 0 N/A N/A RESEARCH GRANT RISK LIGHTHOUSE LLC 3405 PEIDMONT ROAD ATLANTA GA 30305 202325962 28000 0 N/A N/A RESEARCH GRANT BEHAVIORAL RESEARCH ASSOC 1740 RIDGE AVE EVANSTON IL 60201 205408964 6760 0 N/A N/A RESEARCH GRANT NORTHERN IL UNIVERSITY GRANTS FISCAL ADMIN DEKALB IL 60115 366008480 115 7900 0 N/A N/A RESEARCH GRANT JEFFERSON SCHOOL 1015 WALNUT STREET PHILADELPHIA PA 19107 231352651 115 10000 0 N/A N/A RESEARCH GRANT ACTUARIAL RESOURCES CORP 6720 W 121 STREET OVERLAND PARK KS 66209 481040367 31000 0 N/A N/A RESEARCH GRANT TOWERS WATSON PO BOX 8500 PHILADELPHIA PA 19178 231159360 9459 0 N/A N/A RESEARCH GRANT ERNST & YOUNG 3712 SOLUTIONS CENTER CHICAGO IL 60677 346565596 45000 0 N/A N/A RESEARCH GRANT WZ RESEARCH & CONSULTING 14 BLACK OAK DRIVE WEST GRANBY CT 06090 141424435 33200 0 N/A N/A RESEARCH GRANT THE ACTUARIAL FOUNDATION 475 N MARTINGALE RD SCHAUMBURG IL 60173 363968441 501(C)(3) 336500 FMV STAFF TIME AND GENERAL SUPPORT GENERAL SUPPORT AMERICAN ACADEMY OF ACTUARIES 1850 M STREET NW WASHINGTON DC 20036 362142798 501(C)(6) 152179 GENERAL SUPPORT JOINT DISCIPLINE COUNCIL 1850 M STREET NW WASHINGTON DC 20036 900941476 31110 GENERAL SUPPORT 11 15 RESEARCH GRANTS 64 272566 0 N/A N/A EDUCATIONAL GRANTS 10 170190 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 0 0 0 0 0 0 0 1 0 GREGORY HEIDRICH EXECUTIVE DIRECTOR 374902 0 33244 0 0 0 26000 0 21077 0 455223 0 0 0 STACY D LIN DEPUTY ED/CFO 258135 0 21332 0 0 0 26000 0 20838 0 326305 0 0 0 KENNETH GUTHRIE MD OF EDUCATION 231885 0 23344 0 0 0 26000 0 17632 0 298861 0 0 0 RICHARD VEYS GENERAL COUNSEL 229540 0 14843 0 0 0 26000 0 8077 0 278460 0 0 0 R DALE HALL MD OF RESEARCH 235209 0 0 0 0 0 942 0 16521 0 252672 0 0 0 MICHAEL BOOT MD OF SPA 215761 0 17617 0 0 0 23672 0 15855 0 272905 0 0 0 MARGARET ANN JORDAN MD OF STRATEGY & INTERNATIONAL 207606 0 13656 0 0 0 22493 0 10841 0 254596 0 0 0 PATRICK GOULD MD OF MARKETING & COMM 168491 0 11076 0 0 0 18274 0 11476 0 209317 0 0 0 EMILY KESSLER SR STAFF ACTUARY 209974 0 21141 0 0 0 22417 0 7946 0 261478 0 0 0 STUART KLUGMAN SR STAFF ACTUARY 199296 0 19684 0 0 0 21647 0 7534 0 248161 0 0 0 ANDREW PETERSON SR STAFF ACTUARY 173293 0 15880 0 0 0 19612 0 16630 0 225415 0 0 0 CYNTHIA MACDONALD SR EXPERIENCE STUDIES ACTUARY 172737 0 15354 0 0 0 19774 0 16420 0 224285 0 0 0 JUDITH POWILLS SR DIRECTOR 171592 0 15532 0 0 0 19612 0 14202 0 220938 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 PRESIDENT AND PRESIDENT-ELECT 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 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 4 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 11 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. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS ARE AVAILABLE ON THE WEBSITE, SOA.ORG. FINANCIAL STATEMENTS FOR 2013 AND 2014 ARE AVAILABLE ON THE WEBSITE. FORM 990, PART IX, LINE 11G CONSULTING: PROGRAM SERVICE EXPENSES 2,054,854. MANAGEMENT AND GENERAL EXPENSES 191,276. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,246,130. EXAM GRADING & CBT: PROGRAM SERVICE EXPENSES 5,081,903. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,081,903. EXPERIENCE STUDIES: PROGRAM SERVICE EXPENSES 1,193,391. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,193,391. HR EXPENSE: PROGRAM SERVICE EXPENSES 260,003. MANAGEMENT AND GENERAL EXPENSES 72,903. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 332,906.