2024-11-05T12:16:39-06:00 2023-12-31 381357951 PLANTE & MORAN PLLC 10 S RIVERSIDE PLAZA 9TH FLOOR CHICAGO IL 60606 990 2023-01-01 362136422 SOCIETY OF ACTUARIES RESEARCH INSTITUTE SOCI 8477063500 8770 W BRYN MAWR AVE 1000 CHICAGO IL 60631 GREGORY HEIDRICH CEO 8477063500 2024-10-24 1 1 LU ANN TRAPP P01506476 3122071040 2024-10-21 2023 2024-10-15 13:58:12Z X GREGORY HEIDRICH 8770 W BRYN MAWR AVE 1000 CHICAGO IL 60631 30895612 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. 22 22 194 1350 0 0 387508 1311410 3650 157358 -508686 -58931 0 0 -117528 1409837 1858248 2032465 0 0 4265415 4459997 0 0 0 2120928 1971561 8244591 8464023 -8362119 -7054186 47336513 41743339 5881051 2805269 41455462 38938070 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 7860520 2032465 157358 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. 7860520 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 35 0 1 194 1 0 1 CA 0 0 0 0 0 0 0 0 0 0 X 22 22 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 475 N MARTINGALE DR STE 600 SCHAUMBURG IL 601732252 X JENNIFER GILLESPIE PAST PRESIDENT 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 AMANDA HUG BOARD MEMBER 1.00 1.00 X 0 0 0 ARPITA DAS BOARD MEMBER 1.00 1.00 X 0 0 0 DANIEL PRIBE BOARD MEMBER 1.00 1.00 X 0 0 0 DAVID INGRAM 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 JACKIE LEE BOARD MEMBER 1.00 1.00 X 0 0 0 JOSEE DEROY BOARD MEMBER 1.00 1.00 X 0 0 0 KAREN BURNETT BOARD MEMBER 1.00 1.00 X 0 0 0 KELLY RABIN BOARD MEMBER 1.00 1.00 X 0 0 0 LISA KUKLINSKI BOARD MEMBER 1.00 1.00 X 0 0 0 MARY RAMSAY BOARD MEMBER 1.00 1.00 X 0 0 0 MELODY PRANGLEY BOARD MEMBER 1.00 1.00 X 0 0 0 MERCY YAN BOARD MEMBER 1.00 1.00 X 0 0 0 NAZIR VALANI BOARD MEMBER 1.00 1.00 X 0 0 0 SARA GOLDBERG BOARD MEMBER 1.00 1.00 X 0 0 0 SHERRY CHAN BOARD MEMBER 1.00 1.00 X 0 0 0 SI XIE BOARD MEMBER 1.00 1.00 X 0 0 0 GREG HEIDRICH CEO 4.00 36.00 X 744985 0 88522 ROSE B FEALY CAFO 4.00 36.00 X 428972 0 56424 R DALE HALL MANAGING DIRECTOR RESEARCH 4.00 36.00 X 411283 0 76925 KEN GUTHRIE MANAGING DIRECTOR EDUCATION 4.00 36.00 X 404814 0 76211 JOSEPH WURZBURGER MANAGING DIRECTOR STRATEGY 4.00 36.00 X 345901 0 69857 CARLA CARRY MANAGING DIRECTOR MARKETING & COMMUNICATIONS 4.00 36.00 X 343005 0 65089 COURTNEY NASHAN MANAGING DIRECTOR ENGAGEMENT 4.00 36.00 X 340466 0 60399 ANDREW PETERSON MANAGING DIRECTOR INTERNATIONAL 4.00 36.00 X 302788 0 65028 VICKI BAUE GENERAL COUNSEL 4.00 36.00 X 291788 0 44593 MONIKA MCGUIRE GENERAL COUNSEL 4.00 36.00 X 298223 0 68349 STUART KLUGMAN SR. STAFF FELLOW 4.00 36.00 X 279660 0 42128 EMILY KESSLER SR. STAFF FELLOW 4.00 36.00 X 274532 0 41971 CYNTHIA MACDONALD SR. STAFF ACTUARY 4.00 36.00 X 253658 0 60683 TIFFANY BERGER SR. DIRECTOR, FINANCE & FACILITIES 4.00 36.00 X 255185 0 48491 4975260 0 864670 63 0 1 0 LL GLOBAL PO BOX 7247 PHILADELPHIA PA 19170 RESEARCH CONSULTANT 167500 RISK & REGULATORY CONSULTING LLC 20 BATTERSON PARK ROAD FARMINGTON CT 06095 RESEARCHER 161904 ROB MONTGOMERY 215 S PROSPECT STREET GRANVILLE OH 43023 RESEARCH CONSULTANT 129440 MILLIMAN INC 1301 5TH AVE SUITE 3800 SEATTLE WA 98101 CONSULTANT 121166 RJH INTEGRATED SOLUTIONS LLC 834 72ND STREET DOWNERS GROVE IL 60515 CONSULTANT 115669 6 569410 742000 1311410 PROFESSIONAL DEVELOPMENT FEES 611710 148864 148864 OTHER PROGRAM REVENUE 611710 8494 8494 157358 754617 754617 28672227 29485775 -813548 -813548 -813548 1409837 157358 0 -58931 1693023 1693023 135173 135173 204269 204269 461293 410559 50734 3087118 2747589 339529 354841 315815 39026 285292 255496 29796 271453 241598 29855 557256 556776 480 342848 342848 54711 54711 371807 328589 43218 147689 131420 16269 176466 176466 74347 66186 8161 34743 30929 3814 EDUCATION AND PROFESSIO 133770 133770 STAFF CONTINUING EDUCAT 29325 29325 AV EXPENSES 4521 4521 44078 1457 42621 8464023 7860520 603503 0 1713663 2738159 764599 614946 626087 0 36911 24135 11521423 11376651 605182 144772 35138148 30680365 7580628 5916573 871295 1624389 47336513 41743339 1403977 1606763 103893 4373181 1198506 5881051 2805269 X 41455462 38938070 41455462 38938070 47336513 41743339 X -7054186 4500541 36253 X 0 1 X 1 0 X 277797 410785 387508 1311410 2387500 59038421 6100306 3650 157358 65299735 59038421 6378103 410785 391158 1468768 67687235 14452 14452 0 14452 14452 67672783 1902831 1361159 1642898 1268204 754617 6929709 1902831 1361159 1642898 1268204 754617 6929709 60941252 7739262 2053683 1659362 2223385 74616944 0.90690 0.93940 0.09290 0.06010 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2706245 2681154 25091 8815178 8695497 119681 144772 ALTERNATIVE INVESTMENTS 4718067 F DEFERRED COMPENSATION PLAN ASSETS 1198506 F 5916573 DEFERRED COMPENSATION 1198506 1198506 X 72957172 4500541 67616204 72116745 840427 569410 569410 1409837 63529976 55065953 55065953 8464023 0 8464023 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 67,579,951. UNREALIZED CURRENCY LOSS 36,253. PART XI, LINE 4B - OTHER ADJUSTMENTS: INTER-COMPANY REVENUE - RELATED ORGANIZATION 569,410. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES OF RELATED ORGANIZATION, SOA - CONSOLIDATED FINANCIAL STATEMENTS 55,635,363. INTER-COMPANY EXPENSE - RELATED ORGANIZATION -569,410. 1 CENTRAL AMERICA 0 0 INVESTMENTS 4735812 EAST ASIA AND PACIFIC 1 3 GRANTS TO RECIPENTS 126589 EUROPE 0 0 GRANTS TO RECIPENTS 13852 MIDDLE EAST AND AFRICA 0 0 GRANTS TO RECIPENTS 18925 NORTH AMERICA 1 3 GRANTS TO RECIPENTS 44903 EAST ASIA AND PACIFIC 1 3 GRANTS TO RECIPIENTS IN REGION RESEARCH GRANT 15000 3 9 0 0 3 9 4955081 0 4955081 EAST ASIA AND THE PACIFIC RESEARCH GRANT 12491 CHECK 0 N/A N/A EAST ASIA AND THE PACIFIC RESEARCH GRANT 27500 CHECK 0 N/A N/A EAST ASIA AND THE PACIFIC RESEARCH GRANT 6532 CHECK 0 N/A N/A EAST ASIA AND THE PACIFIC RESEARCH GRANT 18666 CHECK 0 N/A N/A MIDDLE EAST AND NORTH AFRICA RESEARCH GRANT 18925 CHECK 0 N/A N/A EAST ASIA AND THE PACIFIC RESEARCH GRANT 15000 CHECK 0 2 4 RESEARCH GRANT NORTH AMERICA 6 39903 CHECK 0 N/A N/A RESEARCH GRANT EAST ASIA & PACIFIC 12 56400 CHECK 0 N/A N/A RESEARCH GRANT EUROPE 3 12568 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. 1 ACTUARIAL RESEARCH CORPORATION 6928 LITTLE RIVER TURNPIKE SUITE E ANNANDALE VA 22003 540994930 29000 0 RESEARCH GRANT ACTUARIAL RISK MANAGEMENT LTD 5914 COURTYARD DRIVE SUITE 190 AUSTIN TX 78732 260673532 12000 0 RESEARCH GRANT ARIZONA STATE UNIVERSITY PO BOX 876011 TEMPE AZ 85287 860196696 115 13445 0 RESEARCH GRANT AXENE HEALTH PARTNERS LLC 41923 2ND STREET TEMECULA CA 92590 412086311 125710 0 RESEARCH GRANT BREAKTHROUGH DEVELOPMENT CO 702 MARINA DRIVE SIDELL LA 70458 391938783 15000 0 RESEARCH GRANT C & R RESEARCH 500 N MICHIGAN AVE SUITE 1100 CHICAGO IL 60611 362441654 21467 0 RESEARCH GRANT CUANTO CONSULTING LLC 3275 MISSION ST 6 SAN FRANCISCO CA 94110 883468254 6500 0 RESEARCH GRANT DELOITTE CONSULTING LLP PO BOX 7247-6447 PHILADELPHIA PA 191706447 061454513 25000 0 RESEARCH GRANT ERNST & YOUNG LLP 155 N UPPER WACKER DR 2000 CHICAGO IL 60606 346565596 80000 0 RESEARCH GRANT THE FIVE70 GROUP 1151 FREEPORT RD PMB 215 PITTSBURGH PA 15238 841945885 77570 0 RESEARCH GRANT GREENWALD RESEARCH 4201 CONNECTICUT AVENUE NW WASHINGTON DC 20008 521407743 114720 0 RESEARCH GRANT HAUSE ACTUARIAL SOLUTIONS INC 7201 WEST 129TH STREET STE 310 OVERLAND PARK KS 66213 481241259 37000 0 RESEARCH GRANT HEALTH CARE COST INSTITUTE 1100 G STREET NW SUITE 600 WASHINGTON DC 20005 383917409 501(C)(3) 10000 0 RESEARCH GRANT HEALTHCARE ANALYTICS PO BOX 41408 PROVIDENCE RI 02940 043644745 15000 0 RESEARCH GRANT HIRED BRAINS LLC 518 OLD SANTA FE TRAIL SANTA FE NM 87505 462910910 10000 0 RESEARCH GRANT ILLINOIS STATE UNIVERSITY CAMPUS BOX 1200 NORMAL IL 61790 376014070 115 17096 0 RESEARCH GRANT LIMRA PO BOX 405575 ATLANTA GA 303845575 261339203 277500 0 RESEARCH GRANT LL GLOBAL 300 DAY HILL RD WINDSOR CT 06095 061638159 25000 0 RESEARCH GRANT MIAMI UNIVERSITY ROUDEBUSH HALL ROOM 107 OXFORD OH 45056 316402089 115 20740 0 RESEARCH GRANT MIB INC 50 BRAINTREE HILL PARK SUITE 400 BRAINTREE MA 02184 043482764 25000 0 RESEARCH GRANT MILLIMAN INC 121 MIDDLE STREET SUITE 401 PORTLAND ME 04101 910675641 178085 0 RESEARCH GRANT O'LEARY MANAGEMENT ASSOCIATES LLC 1141 PAN CT NEWBURY PARK CA 91320 880701685 33500 0 RESEARCH GRANT OPTUM PO BOX 84019 CHICAGO IL 60689 411858498 40000 0 RESEARCH GRANT PRICEWATERHOUSECOOPERS PO BOX 75647 CHICAGO IL 60675 134008324 25000 0 RESEARCH GRANT PURDUE UNIVERSITY 155 S GRANT ST WEST LAFAYETTE IN 47907 356002041 115 36304 0 RESEARCH GRANT R A GUZZO LLC 10302 CITATION WAY LAUREL MD 20723 921466840 12000 0 RESEARCH GRANT REGENTS OF THE UNIVERSITY OF CAL BERKLEY 1608 4TH STREET BERKELEY CA 94720 943067788 115 80000 0 RESEARCH GRANT RGA REINSURANCE GROUP OF AMERICA 16600 SWINGLEY RIDGE CHESTERFIELD MO 63017 431235868 8000 0 RESEARCH GRANT RISK & REGULATORY CONSULTING 20 BATTERSON PARK ROAD FARMINGTON CT 06032 454100320 149304 0 RESEARCH GRANT RUDOLPH FINANCIAL CONSULTING LLC 9702 S 103RD AVE PAPILLION NE 68046 921362756 37400 0 RESEARCH GRANT SANTA BARBARA ACTUARIES 3221 CALLE MARIPOSA SANTA BARBARA CA 93105 061562433 19220 0 RESEARCH GRANT SCOR GLOBAL LIFE 101 S TYRON ST 30TH FLOOR CHARLOTTE NC 28280 756020048 9000 0 RESEARCH GRANT THE RESEARCH FOUNDATION STATE OF U OF NY PO BOX 9 ALBANY NY 12201 141368361 115 54000 0 RESEARCH GRANT UNIVERSITY OF ILLINOIS 28392 NETWORK PLACE CHICAGO IL 60673 376000511 115 7212 0 RESEARCH GRANT WEINER EDRICH BROWN INC 200 EAST 33RD STREET SUITE 91 NEW YORK NY 10016 132903587 15000 0 RESEARCH GRANT 8 27 RESEARCH PRIZES 4 2000 N/A N/A RESEARCH GRANTS 25 133173 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 571913 0 173072 0 0 0 74565 0 13957 0 833507 0 0 0 R DALE HALL MANAGING DIRECTOR RESEARCH 330900 0 80383 0 0 0 42378 0 34547 0 488208 0 0 0 ROSE B FEALY CAFO 344597 0 84375 0 0 0 43000 0 13424 0 485396 0 0 0 KEN GUTHRIE MANAGING DIRECTOR EDUCATION 324312 0 80502 0 0 0 41545 0 34666 0 481025 0 0 0 JOSEPH WURZBURGER MANAGING DIRECTOR STRATEGY 274351 0 71550 0 0 0 35412 0 34445 0 415758 0 0 0 CARLA CARRY MANAGING DIRECTOR MARKETING & COMMUN 310293 0 32712 0 0 0 30957 0 34132 0 408094 0 0 0 COURTNEY NASHAN MANAGING DIRECTOR ENGAGEMENT 268916 0 71550 0 0 0 35526 0 24873 0 400865 0 0 0 ANDREW PETERSON MANAGING DIRECTOR INTERNATIONAL 247676 0 55112 0 0 0 30834 0 34194 0 367816 0 0 0 MONIKA MCGUIRE GENERAL COUNSEL 244201 0 54022 0 0 0 30617 0 37732 0 366572 0 0 0 VICKI BAUE GENERAL COUNSEL 279488 0 12300 0 0 0 31980 0 12613 0 336381 0 0 0 STUART KLUGMAN SR. STAFF FELLOW 240657 0 39003 0 0 0 28638 0 13490 0 321788 0 0 0 EMILY KESSLER SR. STAFF FELLOW 239475 0 35057 0 0 0 27965 0 14006 0 316503 0 0 0 CYNTHIA MACDONALD SR. STAFF ACTUARY 234144 0 19514 0 0 0 26561 0 34122 0 314341 0 0 0 TIFFANY BERGER SR. DIRECTOR, FINANCE & FACILITIES 210537 0 44648 0 0 0 26358 0 22133 0 303676 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 2023, THE CEO ACCRUED A BENEFIT OF $19,065 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 XI, LINE 9: UNREALIZED CURRENCY GAIN 36,253. 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 569410 CASH CONTRIBUTION SOCIETY OF ACTUARIES E 1624389 INTER-COMPANY PAYABLE