2011-11-15T12:00:09-06:00 2010-12-31 RSM McGladrey Inc 1 S Wacker Drive Suite 800 Chicago IL 60606 990 2010-01-01 362136422 Society of Actuaries SOCI 8477063500 475 N Martingale Road No 600 Schaumburg IL 601732252 Stacy DR Lin 8477063500 2011-11-15 1 Wayne Harder 3126343400 2010 2016-03-07 17:11:31Z 38937221 0 X www.soa.org X 1948 IL The Society's mission is to advance actuarial knowledge and to enhance the ability of actuaries to provide expert advice and relevant solutons for financial, business, and societal problems involving uncertain future events. 28 28 125 3091 119722 90435 10737378 11056771 25116478 27419433 360385 290833 193495 170184 36407736 38937221 936736 1028427 0 0 11644383 12792655 0 0 10852 22405662 21240689 34986781 35061771 1420955 3875450 37638543 43424870 11076835 12181432 26561708 31243438 X The Society's mission is to advance actuarial knowledge and to enhance the ability of actuaries to provide expert advice and relevant solutions for financial, business, and societal problems involving uncertain future events. 0 0 7881376 1028427 348654 Member dues of $11,056,771 are a principal revenue source for the SOA. Annual payment of membership dues are principally used to fund the SOA's daily organizational operations and the costs of providing services to members. SOA publications provide various forums for the dissemination of actuarial thought leadership to the association's more than 22,800 members, its candidates and the general public, who benefit from the insights of the actuarial profession. Publications include, but are not limited to, The Actuary, The North American Actuarial Journal, SOA News Today, specialty newsletters and educational books. 12986565 0 20125425 Examinations - Conduct actuarial examinations which enable the actuary to carry out his/her responsibility in a competent, professional and ethical manner. Serves approximately 35,000 members/candidates. 5356204 0 5919268 Continuing education - educational meetings to advance knowledge of actuarial science and to promote the maintenance of high standards of competence and professionalism among the actuaries who serve key constituents, including the general public. 4829019 0 1076548 Research-Conduct research activities in actuarial science, publish results to promote and maintain high standards of competence in the actuarial profession and advance actuarial knowledge. Serves approximately 22,000 members and the general public. 4829019 1076548 31053164 1 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 0 1 127 0 1 125 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 0 IL X Stacy DR Lin 8477063500 475 N Martingale Drive Suite 600 Schaumburg IL 601732252 Al Klein 1.00 X 0 0 0 Alice Rosenblatt 1.00 X 0 0 0 Anne Button 1.00 X 0 0 0 Bruce Schobel 1.00 X X 0 0 0 C Ian Genno 1.00 X 0 0 0 Cecil Bykerk 1.00 X X 0 0 0 Christopher Fievoli 1.00 X 0 0 0 Donald Segal 1.00 X X 0 0 0 Errol Cramer 1.00 X 0 0 0 James Glickman 1.00 X 0 0 0 Jeffrey Beckley 1.00 X 0 0 0 Jeffrey G Allen 1.00 X 0 0 0 Jennifer Gillespie 1.00 X 0 0 0 Jim Toole 1.00 X 0 0 0 John O Nigh 1.00 X 0 0 0 Mark Freedman 1.00 X X 0 0 0 Martine Sohier 1.00 X 0 0 0 Phillip Gold 1.00 X 0 0 0 R Dale Hall 1.00 X 0 0 0 Ronald Poon-Affat 1.00 X 0 0 0 S Michael McLaughlin 1.00 X X 0 0 0 Sim Segal 1.00 X 0 0 0 Steven Easson 1.00 X 0 0 0 Thomas S Terry 1.00 X 0 0 0 Thomas Bakos 1.00 X 0 0 0 Tonya Manning 1.00 X 0 0 0 Valerie Paganelli 1.00 X 0 0 0 William Falk 1.00 X 0 0 0 Greg Heidrich 40.00 X 339082 0 45006 Stacy Lin 40.00 X 323249 0 44687 Richard Veys 40.00 X 220283 0 18776 Kenneth Guthrie 40.00 X 206572 0 38017 Margaret Ann Jordan 40.00 X 204254 0 32336 Emily Kessler 40.00 X 206013 0 28422 Michael Boot 40.00 X 202816 0 36205 Robert Wolf 40.00 X 193397 0 39364 Bruce Iverson 40.00 X 185528 0 38671 Stuart Klugman 40.00 X 187436 0 17917 Steve Siegel 40.00 X 177152 0 37814 Sara Teppema 40.00 X 178101 0 28535 2623883 0 405750 12 0 1 0 Prometric PO Box 223608 Pittsburgh PA 15251 Host test centers 2968471 Golin Harris 111 East Wacker Drive Chicago IL 60601 Consulting 1048177 TMA Resources 1919 Gallows Road Vienna VA 22182 Computer Consultant 636542 Audio Visual One Ltd 9611 W Foster Ave Schiller Park IL 60176 AV Services 403685 MIB 160 University Avenue Westwood MA 02284 Experience Studies 399228 32 11056771 11056771 Examination Fees 611710 20125425 20125425 Meeting Registration 611710 5919268 5919268 Research Income 541900 1076548 1076548 Sponsorships 541800 283740 283740 Publications 511190 14452 14097 355 27419433 290833 290833 Website-Joblink 541800 119367 119367 Mailing Labels 541800 22345 22345 Centers of Excellence 541800 13500 13500 14972 14972 170184 38937221 27469895 119722 290833 678614 678614 235098 235098 114715 114715 3080588 2495276 585312 7026471 5935313 1082584 8574 890543 744439 145349 755 1084981 906977 177084 920 710072 593576 115893 603 328516 223392 105124 78706 78706 1243142 1206157 36985 3670927 3495676 175251 998871 854035 144836 2885447 2584113 301334 3442239 3239366 202873 1645614 1555865 89749 257014 216510 40504 Host for test centers 2959903 2959903 Equipment maintenance 978913 795350 183563 Experience studies 650934 650934 International relations 311075 311075 Honoraria 251873 251724 149 1537515 1005056 532459 35061771 31053164 3997755 10852 385873 488499 17407394 25949321 1280168 1097400 241512 208572 630873 441530 11754935 8035007 3768874 3719928 13810168 11405565 113681 114055 37638543 43424870 5428553 6247241 5648282 5934191 11076835 12181432 X 26561708 31243438 26561708 31243438 37638543 43424870 X 3875450 806280 X 0 1 1 X 0 X 9226046 9829696 10410663 10737378 11056771 51260554 25230274 24768816 26288328 24601439 27419078 128307935 34456320 34598512 36698991 35338817 38475849 179568489 24870 24870 19375 16155 15640 100910 0 24870 24870 19375 16155 15640 100910 179467579 1072424 1075890 765963 360385 290833 3565495 1072424 1075890 765963 360385 290833 3565495 145600 125594 38042 123786 90435 523457 193495 50817 244312 35674344 35799996 37502996 36016483 38907934 183901753 0.97590 0.97290 0.01940 0.02240 X Schedule A, Part IV, Supplemental Information: Other Income Part III, Line 12: Description: Mailing Labels 2009: 15,361 2010: 22,345 Description: Website 2009: 134,107 2010: 0 Description: Centers of Excellenance 2009: 22,500 2010: 13,500 Description: Miscellaneous 2009: 21,527 2010: 14,972 375449 165206 210243 5218851 4106007 1112844 6160635 3763794 2396841 3719928 38937221 35061771 3875450 806280 806280 4681730 39743501 806280 806280 38937221 0 38937221 35061771 0 35061771 0 35061771 1 North America 0 129 Grants to recipients Educational or research 96548 Europe 0 0 Grants to recipients Educational or research 13667 East Asia and Pacific 1 1 Program Services Education 280489 North America 0 0 Program Services Education 445900 Europe 0 0 Program Services Education 121000 Sub-Sahara Africa 0 0 Program Services Education 121850 North America 0 0 Program Services Education 33000 130 0 130 1112454 0 1112454 X EUROPE Research Grant 10000 Check 0 n/a n/a North America Research Grant 20000 Check 0 n/a n/a 2 4 Research Grants Europe (Including Iceland & Greenland) 2 2667 Check 0 n/a n/a Research Grants EAST ASIA & PACIFIC 2 1500 Check 0 n/a n/a 0 0 0 0 0 0 Procedure for Monitoring Grants Outside the U.S.: Schedule F, Part I, Line 2: All educational grants state that the funds are to be used for educational expenses. The review, selection, and monitoring of research grants is conducted by a project oversight group (POG) and progress is tracked. Other Information Schedule F, Part V Part II, Line 1: All grants are recorded based on the accrual method of accounting. 1 Behaviroal Research Assoc 1740 Ridge Ave Suite 216 Evanston IL 60201 205408964 11800 0 n/a n/a Research Grant Board of Regents U of W Office of Research and Sponsorship Milwaukee WI 53278 396006492 115 22420 0 n/a n/a Research Grant Deloitte Consulting LLP PO Box 7247-6447 Philadelphia PA 19070 061454513 40000 0 n/a n/a Research Grants Duke University 2200 W Main St Durham NC 22705 560532129 115 15000 0 n/a n/a Research Grant FLG Enterprises LLC 2020 Pennsylvania Ave NW Washington DC 20006 270354362 12800 0 n/a n/a Research Grants Gilbralter Analytical 315 Washington Ave South Hopkins MN 55343 261890278 25000 0 n/a n/a Research Grant Howard University 2600 6th Street NW Washington DC 20059 530204707 115 24000 0 n/a n/a Educational Grant Illinois State University Actuarial Science Math Department Normal IL 61790 376014070 115 8000 0 n/a n/a Educational Grant Limra International PO Box 405575 Atlanta GA 30384 261339203 5875 0 n/a n/a Research Grant Matthew Greenwald & Associates 4201 Connecticut Ave Washington DC 20008 521400743 36000 0 n/a n/a Research Grant MBA Actuaries 1400 Old Mill Circle Winston Salem NC 27103 222217495 10000 0 n/a n/a Research Grant MIB Inc PO Box 845442 Boston MA 02284 043482764 20500 0 n/a n/a Research Grants Milliman Inc 1099 18th Street Denver CO 80202 910675641 95530 0 n/a n/a Research Grants Morgan State University Mathematics Department Baltimore MD 21251 526002033 115 10000 0 n/a n/a Educational Grant North Carolina State Foundation Campus Box 8113 Raleigh NC 27695 566049503 18756 0 n/a n/a Research Grant PricewaterhouseCoopers LLC PO Box 75647 Chicago IL 60675 134008324 20000 0 n/a n/a Research Grants RGA Insurance 1370 Timberlake Manor Pkwy Chesterfield MO 63017 431723342 15000 0 n/a n/a Research Grant Rudolph Financial Consulting LLC 5002 S 237 Circle Elkhorn WI 68022 205431956 40830 0 n/a n/a Research Grant Towers Watson PO Box 8500 Philadelphia PA 19178 231159360 85000 0 n/a n/a Research Grant Towers Watson Risk Consul PO Box 277665 Atlanta GA 30384 043585292 10000 0 n/a n/a Research Grant University of Wisconsin Office of Research Sponsorships Milwaukee WI 53278 396006492 115 101590 0 n/a n/a Educational Grant University of Wisconsin 21 N Park Street Suite 64 Madison WI 53715 396006492 115 13200 0 n/a n/a Research Grant Wakley Consulting Group I 9777 Pyramid Court Englewood CO 80112 593554482 8000 0 n/a n/a Research Grant 13 18 Research Grants 25 125098 Educational Grants 6 110000 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: All research grants are monitored by a project oversight group and recipients are required to submit progress reports. X X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 Greg Heidrich 314082 0 25000 0 0 0 24500 0 20506 0 384088 0 0 0 Stacy Lin 239010 0 18489 0 65750 0 24500 0 20187 0 367936 0 0 0 Richard Veys 215016 0 5267 0 0 0 12549 0 6227 0 239059 0 0 0 Kenneth Guthrie 188469 0 18103 0 0 0 21220 0 16797 0 244589 0 0 0 Margaret Ann Jordan 184909 0 19345 0 0 0 20911 0 11425 0 236590 0 0 0 Emily Kessler 188468 0 17545 0 0 0 20742 0 7680 0 234435 0 0 0 Michael Boot 187241 0 15575 0 0 0 20656 0 15549 0 239021 0 0 0 Robert Wolf 180517 0 12880 0 0 0 19833 0 19531 0 232761 0 0 0 Bruce Iverson 185528 0 0 0 0 0 18911 0 19760 0 224199 0 0 0 Stuart Klugman 178861 0 8575 0 0 0 10302 0 7615 0 205353 0 0 0 Steve Siegel 163494 0 13658 0 0 0 18276 0 19538 0 214966 0 0 0 Sara Teppema 162240 0 15861 0 0 0 17564 0 10971 0 206636 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 the US and Canada. Spousal travel is allowed for the President and President-Elect. In order to promote a healthy lifestyle, health club dues are provided up to $120 per calendar year. Form 990, Part VI, Section A, line 6 The organization has over 22,800 members who pay dues annually. Form 990, Part VI, Section A, line 7a The organization has an annual election in which all members have the opportunity to participate and vote on Board members. Form 990, Part VI, Section A, line 7b 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 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 as 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. If a conflict were to exist it would be reviewed by counsel and/or the Leadership Team. Form 990, Part VI, Section B, line 15 A compensation study is performed every few years 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 Leadership Team with input from the Board is responsible for determining compensation and benefits for the Executive Director after reviewing comparable data from several independent sources. Additionally, the Leadership Team reviews management's recommendation for annual compensation adjustments for key employees. Form 990, Part VI, Section C, line 19 Governing documents are available on the website, soa.org. Financial statements may be requested from management. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 5: Net unrealized gains on investments: 806,280.