2023-11-06T14:57:48-06:00 2022-12-31 381357951 PLANTE & MORAN PLLC 10 S RIVERSIDE PLAZA 9TH FLOOR CHICAGO IL 60606 990 2022-01-01 362136422 SOCIETY OF ACTUARIES RESEARCH INSTITUTE SOCI 8477063500 475 N MARTINGALE ROAD 600 SCHAUMBURG IL 601732252 GREGORY HEIDRICH CEO 8477063500 2023-10-30 1 GREGORY HEIDRICH 999009999 1 LU ANN TRAPP P01506476 3122071040 2023-10-30 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z GREGORY HEIDRICH 475 N MARTINGALE ROAD 600 SCHAUMBURG IL 601732252 25208469 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. 18 18 227 1350 0 0 410785 387508 0 3650 2845696 -508686 0 0 3256481 -117528 2317932 1858248 0 0 4373738 4265415 0 0 0 1383265 2120928 8074935 8244591 -4818454 -8362119 66013531 47336513 9412315 5881051 56601216 41455462 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 7500674 1858248 3650 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, DIVERSITY, EQUITY AND INCLUSION, 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. 7500674 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 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 1 0 1 27 0 1 227 1 0 1 CA 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 ROSE FEALY 8477063500 475 N MARTINGALE DR STE 600 SCHAUMBURG IL 601732252 X JENNIFER GILLESPIE PRESIDENT & CHAIR 1.00 1.00 X X 0 0 0 ROY GOLDMAN PAST PRESIDENT 1.00 1.00 X X 0 0 0 LISA KUKLINSKI SECRETARY/TREASURER 1.00 1.00 X X 0 0 0 JOHN ROBINSON PRESIDENT & CHAIR 1.00 1.00 X X 0 0 0 TIM ROZAR PRESIDENT-ELECT & VICE-CHAIR 1.00 1.00 X X 0 0 0 YING ZHAO SECRETARY/TREASURER 1.00 1.00 X X 0 0 0 KAREN BURNETT BOARD MEMBER 1.00 1.00 X 0 0 0 ARPITA DAS BOARD MEMBER 1.00 1.00 X 0 0 0 JOSEE DEROY BOARD MEMBER 1.00 1.00 X 0 0 0 IAN DUNCAN BOARD MEMBER 1.00 1.00 X 0 0 0 ROBERT EATON BOARD MEMBER 1.00 1.00 X 0 0 0 WILLIAM FORNIA BOARD MEMBER 1.00 1.00 X 0 0 0 SHARON GIFFEN BOARD MEMBER 1.00 1.00 X 0 0 0 SARA GOLDBERG BOARD MEMBER 1.00 1.00 X 0 0 0 AMANDA HUG BOARD MEMBER 1.00 1.00 X 0 0 0 DAVID INGRAM BOARD MEMBER 1.00 1.00 X 0 0 0 MELODY PRANGLEY BOARD MEMBER 1.00 1.00 X 0 0 0 KELLY RABIN BOARD MEMBER 1.00 1.00 X 0 0 0 MARY RAMSAY BOARD MEMBER 1.00 1.00 X 0 0 0 MERCY UAN BOARD MEMBER 1.00 1.00 X 0 0 0 NAZIR VALANI BOARD MEMBER 1.00 1.00 X 0 0 0 SI XIE BOARD MEMBER 1.00 1.00 X 0 0 0 XU XUAN BOARD MEMBER 1.00 1.00 X 0 0 0 GREG HEIDRICH CEO 4.00 36.00 X 713016 0 85558 ROSE B FEALY CAFO 4.00 36.00 X 277753 0 39515 STACY LIN DEPUTY CEO/CFO - PART YEAR 4.00 36.00 X 160909 0 27118 R DALE HALL MANAGING DIRECTOR RESEARCH 4.00 36.00 X 400261 0 75718 KEN GUTHRIE MANAGING DIRECTOR EDUCATION 4.00 36.00 X 389112 0 74468 JOSEPH WURZBURGER SR. DIRECTOR, STRATEGY 4.00 36.00 X 294004 0 65040 COURTNEY NASHAN SR DIRECTOR ENGAGEMENT 4.00 36.00 X 300333 0 54593 ANDREW PETERSON SR. DIRECTOR, INTERNATIONAL 4.00 36.00 X 268269 0 62152 TIMOTHY MOBERLY SR. DIRECTOR, ITS 4.00 36.00 X 241438 0 58922 ANNA CLARKE SR. DIRECTOR, MARKETING - PART YEAR 4.00 36.00 X 165882 0 9506 MONIKA MCGUIRE GENERAL COUNSEL 4.00 36.00 X 273098 0 64919 STUART KLUGMAN SR. STAFF FELLOW 4.00 36.00 X 270606 0 40434 EMILY KESSLER SR. STAFF FELLOW 4.00 36.00 X 262177 0 40081 TIFFANY BERGER SR. DIRECTOR, FINANCE & FACILITIES 4.00 36.00 X 228869 0 46161 ANNA KACPRZYK-ABEL SR. DIRECTOR, PD & MEETINGS 4.00 36.00 X 181834 0 42130 RICHARD VEYS GENERAL COUNSEL 4.00 36.00 X 157150 0 2321 4584711 0 788636 60 1 1 0 MILLIMAN INC 1301 5TH AVE SUITE 3800 SEATTLE WA 98101 CONSULTANT 148500 RISK & REGULATORY CONSULTING LLC 20 BATTERSON PARK ROAD FARMINGTON CT 06095 RESEARCHER 141796 MIB INC 50 BRAINTREE HILL PARK SUITE 400 BRAINTREE MA 02184 UNDERWRITING SERVICES 141246 RJH INTEGRATED SOLUTIONS LLC 834 72ND STREET DOWNERS GROVE IL 60515 CONSULTANT 114829 MATHEW GREENWALD & ASSOCIATES 4201 CONNECTICUT AVE NW SUITE 620 WASHINGTON DC 20008 RESEARCHER 111200 7 288975 98533 387508 OTHER PROGRAM REVENUE 611710 3650 3650 3650 1268204 1268204 23549107 25325997 -1776890 -1776890 -1776890 -117528 3650 0 -508686 1589852 1589852 108609 108609 159787 159787 439498 391613 47885 2941256 2620793 320463 338076 301241 36835 287957 257287 30670 258628 230449 28179 770729 623658 147071 396976 396976 40783 25876 14907 449954 379213 70741 181315 153682 27633 125288 125288 85091 71692 13399 38952 32818 6134 STAFF CONTINUING EDUCAT 25212 25212 AV EXPENSES 1900 1900 4728 4728 8244591 7500674 743917 0 2516609 1713663 1048738 764599 426890 626087 1165 36911 15428420 14823238 1238748 605182 51765575 35138148 7815806 7580628 1200000 871295 66013531 47336513 1434518 1403977 103893 7977797 4373181 9412315 5881051 X 56601216 41455462 56601216 41455462 66013531 47336513 X -8362119 -6766250 -17385 X 0 1 X 1 0 X 277797 410785 387508 1076090 58282436 59038421 6100306 3650 123424813 58282436 59038421 6378103 410785 391158 124500903 14610 14452 29062 0 14610 14452 29062 124471841 1793533 1902831 1361159 1642898 1268204 7968625 1793533 1902831 1361159 1642898 1268204 7968625 28798 28798 60104767 60941252 7739262 2053683 1659362 132498326 0.93940 0.95630 0.06010 0.04300 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1495441 1398812 96629 3668670 3550471 118199 10264309 9873955 390354 605182 ALTERNATIVE INVESTMENTS 6643980 F DEFERRED COMPENSATION PLAN ASSETS 936648 F 7580628 DEFERRED COMPENSATION 936648 DUE TO SOCIETY OF ACTUARIES 2871673 OPERATING LEASE 564860 4373181 X 47931271 -6766250 55104024 48337774 -406503 288975 288975 -117528 56041058 47796467 47796467 8244591 0 8244591 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 55,121,409. UNREALIZED CURRENCY LOSS -17,385. PART XI, LINE 4B - OTHER ADJUSTMENTS: INTER-COMPANY REVENUE - RELATED ORGANIZATION 288,975. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES OF RELATED ORGANIZATION, SOA - CONSOLIDATED FINANCIAL STATEMENTS 48,085,442. INTER-COMPANY EXPENSE - RELATED ORGANIZATION -288,975. 1 CENTRAL AMERICA 0 0 INVESTMENTS 6659921 EAST ASIA AND PACIFIC 1 3 GRANTS TO RECIPENTS 72460 EUROPE 0 0 GRANTS TO RECIPENTS 8000 MIDDLE EAST AND AFRICA 0 0 GRANTS TO RECIPENTS 8000 NORTH AMERICA 1 3 GRANTS TO RECIPENTS 17500 SOUTH ASIA 0 0 GRANTS TO RECIPENTS 54000 CENTRAL AMERICA 0 0 PROGRAM ACTIVITIES PROGRAM ACTIVITIES 30000 EUROPE 0 0 PROGRAM ACTIVITIES PROGRAM ACTIVITIES 522764 NORTH AMERICA 0 0 PROGRAM ACTIVITIES PROGRAM ACTIVITIES 21976 2 6 0 0 2 6 7372645 21976 7394621 EAST ASIA & PACIFIC RESEARCH GRANT 35039 CHECK 0 N/A N/A EAST ASIA & PACIFIC RESEARCH GRANT 12491 CHECK 0 N/A N/A EAST ASIA & PACIFIC RESEARCH GRANT 11230 CHECK 0 N/A N/A EAST ASIA & PACIFIC RESEARCH GRANT 8000 CHECK 0 N/A N/A EUROPE RESEARCH GRANT 8000 CHECK 0 N/A N/A SOUTH ASIA RESEARCH GRANT 54000 CHECK 0 N/A N/A EAST ASIA & PACIFIC RESEARCH GRANT 5700 CHECK 0 N/A 2 3 RESEARCH GRANT NORTH AMERICA 2 15327 CHECK N/A N/A RESEARCH GRANT EAST ASIA & PACIFIC 1 10000 CHECK 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 ACTUARIAL RESEARCH CORPORATION 6928 LITTLE RIVER TURNPIKE SUITE E ANNANDALE VA 22003 540994930 13000 0 RESEARCH GRANT ARIZONA STATE UNIVERSITY PO BOX 876011 TEMPE AZ 85287 860196696 115 39840 0 RESEARCH GRANT AXENE HEALTH PARTNERS LLC 41923 2ND STREET TEMECULA CA 92590 412086311 75000 0 RESEARCH GRANT BOARD OF REGENTS U OF WISC SYSTEM PO BOX 500 MILWAUKEE WI 53278 396006492 115 33750 0 RESEARCH GRANT BREAKTHROUGH DEVELOPMENT CO 702 MARINA DRIVE SIDELL LA 70458 391938783 10000 0 RESEARCH GRANT C & R RESEARCH 150 N MICHIGAN AVE 34TH FLOOR CHICAGO IL 60601 362441654 42933 0 RESEARCH GRANT DELOITTE 1919 N LYNN STREET ARLINGTON VA 22209 061454513 70750 0 RESEARCH GRANT EPEENOIRE LLC 732 OLD ASHBURY ROAD WESTFIELD IN 46074 844438629 6000 0 RESEARCH GRANT FINANCIAL FINESSE 883 M DOUGLAS STREET SEL SEGUNDO CA 90245 943333910 11000 0 RESEARCH GRANT GOOD MUST GROW 5117 ALHAMA DRIVE WOODLAND HILLS CA 91364 587450056 10000 0 RESEARCH GRANT HARTMAN ANALYTICS 282 WEST 4020 NORTH PROVO UT 84604 811373110 15000 0 RESEARCH GRANT HEALTH CARE COST INSTITUTE 1100 G STREET NW SUITE 600 WASHINGTON DC 20005 383917409 45000 0 RESEARCH GRANT HEALTHCARE ANALYTICS PO BOX 41408 PROVIDENCE RI 02940 043644745 80000 0 RESEARCH GRANT HOWARD UNIVERSITY 2600 6TH STREET NW WASHINGTON DC 20059 530204707 501(C)(3) 25968 0 RESEARCH GRANT ILLINOIS STATE UNIVERSITY CAMPUS BOX 1200 NORMAL IL 61790 376014070 115 7251 0 RESEARCH GRANT MATTHEW GREENWALD & ASSOC 4201 CONNECTICUT AVE WASHINGTON DC 20008 521407743 111200 0 RESEARCH GRANT MIAMI UNIVERSITY ROUDEBUSH HALL ROOM 107 OXFORD OH 45056 316402089 115 10369 0 RESEARCH GRANT MIB INC 50 BRAINTREE HILL PARK SUITE 400 BRAINTREE MA 02184 043482764 134249 0 RESEARCH GRANT MILLIMAN INC 121 MIDDLE STREET SUITE 401 PORTLAND ME 04101 910675641 201500 0 RESEARCH GRANT OPTUM PO BOX 84019 CHICAGO IL 60689 411858498 35000 0 RESEARCH GRANT PENNSYLVANIA STATE UNIVERSITY 227 W BEAVER STREET STATE COLLEGE PA 16801 246000376 115 27333 0 RESEARCH GRANT PRICEWATERHOUSECOOPERS PO BOX 75647 CHICAGO IL 60675 134008324 101666 0 RESEARCH GRANT PURDUE UNIVERSITY 23510 NETWORK PLACE CHICAGO IL 60673 356002041 115 46333 0 RESEARCH GRANT REGENTS OF THE UNIVERSITY OF CAL BERKLEY 1608 4TH STREET BERKELEY CA 94720 943067788 115 75200 0 RESEARCH GRANT RISK & REGULATORY CONSULTING 20 BATTERSON PARK ROAD FARMINGTON CT 06032 454100320 160396 0 RESEARCH GRANT RUDOLPH FINANCIAL CONSULTING 5002 S 237TH CIRCLE ELKHORN NE 68022 205431956 15000 0 RESEARCH GRANT SANTA BARBARA ACTUARIES 3221 CALLE MARIPOSA SANTA BARBARA CA 93105 061562433 30000 0 RESEARCH GRANT RESEARCH FOUNDATION STATE OF U OF NY 1400 WASHINGTON AVE ALBANY NY 12222 141368361 115 22287 0 RESEARCH GRANT UNIVERSITY OF ILLINOIS 28392 NETWORK PLACE CHICAGO IL 60673 376000511 115 14423 0 RESEARCH GRANT WAKELY CONSULTING GROUP 7650 W COURTNEY CAMPBELL CAUSEWAY TAMPA FL 33607 474522915 30000 0 RESEARCH GRANT WEINER EDRICH BROWN INC 84 SOUTH MAIN STREET SUITE B FAIRPORT NY 14450 132903587 15000 0 RESEARCH GRANT WITH YOU IN MIND 26 MAYHEW AVE LARCHMONT NY 10538 842444379 7250 0 RESEARCH GRANT 10 22 RESEARCH PRIZES 12 6000 N/A N/A RESEARCH GRANTS 10 102609 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 1 0 0 0 0 0 1 0 GREG HEIDRICH CEO 552709 0 160307 0 0 0 71383 0 14175 0 798574 0 0 0 R DALE HALL MANAGING DIRECTOR RESEARCH 319954 0 80307 0 0 0 41270 0 34448 0 475979 0 0 0 KEN GUTHRIE MANAGING DIRECTOR EDUCATION 311805 0 77307 0 0 0 39901 0 34567 0 463580 0 0 0 JOSEPH WURZBURGER SR. DIRECTOR, STRATEGY 256197 0 37807 0 0 0 30750 0 34290 0 359044 0 0 0 COURTNEY NASHAN SR DIRECTOR ENGAGEMENT 265526 0 34807 0 0 0 30450 0 24143 0 354926 0 0 0 MONIKA MCGUIRE GENERAL COUNSEL 244664 0 28434 0 0 0 28423 0 36496 0 338017 0 0 0 ANDREW PETERSON SR. DIRECTOR, INTERNATIONAL 231962 0 36307 0 0 0 28094 0 34058 0 330421 0 0 0 ROSE B FEALY CAFO 277599 0 154 0 0 0 28125 0 11390 0 317268 0 0 0 STUART KLUGMAN SR. STAFF FELLOW 235799 0 34807 0 0 0 27088 0 13346 0 311040 0 0 0 EMILY KESSLER SR. STAFF FELLOW 233370 0 28807 0 0 0 26221 0 13860 0 302258 0 0 0 TIMOTHY MOBERLY SR. DIRECTOR, ITS 207131 0 34307 0 0 0 25085 0 33837 0 300360 0 0 0 TIFFANY BERGER SR. DIRECTOR, FINANCE & FACILITIES 197562 0 31307 0 0 0 24020 0 22141 0 275030 0 0 0 ANNA KACPRZYK-ABEL SR. DIRECTOR, PD & MEETINGS 154530 0 27304 0 0 0 18869 0 23261 0 223964 0 0 0 STACY LIN DEPUTY CEO/CFO - PART YEAR 80909 0 80000 0 0 0 17023 0 10095 0 188027 0 0 0 ANNA CLARKE SR. DIRECTOR, MARKETING - PART YEAR 60409 0 0 0 105473 0 6077 0 3429 0 175388 0 0 0 RICHARD VEYS GENERAL COUNSEL 23206 0 0 0 133944 0 2321 0 0 0 159471 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, LINES 4A-B RECEIVED SEVERANCE PAYMENT: ANNA CLARK - $105,473 RICHARD VEYS - $133,944 RECEIVED PAYMENT FROM NON-QUALIFIED RETIREMENT PLAN: GREG HEIDRICH: $20,383 PART I, LINE 7 ANNUAL BONUSES ARE DETERMINED BY PRESET PERCENTAGES BY SALARY GRADES. THE CEO, DEPUTY CEO, AND LEADERSHIP TEAM HAVE DISCRETION OVER WHICH PERCENTAGE, WITHIN THE RANGE, IS USED TO DETERMINE BONUSES. FORM 990, PART VI, SECTION A, LINE 1A THE LEADERSHIP TEAM CONSISTS OF FOUR OFFICERS, ONE AT LARGE BOD MEMBER AND THE CEO. 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 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 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 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 XI, LINE 9: UNREALIZED CURRENCY LOSS -17,385. 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 288975 CASH CONTRIBUTION SOCIETY OF ACTUARIES E 2271673 INTER-COMPANY PAYABLE