2024-11-15T08:52:58-05:00 2023-12-31 990 2023-01-01 366142798 AMERICAN ACADEMY OF ACTUARIES % WILLIAM MICHALISIN AMER 2022238196 1850 M ST NW STE 300 WASHINGTON DC 200365805 Thomas Hopkins Chief Financial Officer 2024-11-15 2023 2024-10-15 13:58:12Z WILLIAM MICHALISIN 1850 M ST NW STE 300 WASHINGTON DC 200365805 15419248 false X www.actuary.org X 1966 IL The Academys mission is to serve the public and the United States actuarial profession. 21 21 51 900 219338 39789 0 0 13966641 14145811 388764 1054099 259499 219338 14614904 15419248 128000 130000 0 0 6788748 7993758 0 0 0 6639436 6392366 13556184 14516124 1058720 903124 33918112 35313722 16233077 15203497 17685035 20110225 The Academys mission is to serve the public and the United States actuarial profession. false false 0 0 0 Provided independent and objective actuarial information analysis and education for the formation of public policy; Identified and addressed issues on behalf of the public in matters where actuarial science provided an understanding; Increased the publics understanding and recognition of the value of the actuarial profession; Facilitated and coordinated issues of common interest among the U.S.-based actuarial actuarial associations; and coordinated the representation of the U.S. profession globally. 0 0 0 Established and improved standards of actuarial practice. These Actuarial Standards of Practice ASOPs identify what the actuary should consider document and disclose when performing an actuarial assignment. Set standards for appropriate practice in the United States. 0 0 0 Strengthened members adherence to the recognized standards of ethical and professional conduct. Responded to actuaries request for guidance on professional issues and considered complaints about possible violations of the actuarial Codes of Professional Conduct and conducted educational outreach efforts. 0 0 0 0 false false false false true false false false false true true false false false true true true false false false false false false false false false false true false true false false false false false false false false false false false false false false true 38 0 true 51 true true true false false false true true false false false 21 21 false false false false true true true true true false false false true true true true true true true false X Thomas Hopkins 2022238196 1850 M ST NW STE 300 WASHINGTON DC 200365805 Lisa Slotznick President 1.00 0.00 X X 0 0 0 Darrell Knapp President - Elect 1.00 0.00 X X 0 0 0 Ken Kent Immediate Past President 1.00 0.00 X 0 0 0 Maryellen Coggins Penultimate Past President 1.00 0.00 X 0 0 0 Benjamin Slutsker Secretary - Treasurer 1.00 0.00 X 0 0 0 Tim Geddes VP Professionalism and Education 1.00 0.00 X 0 0 0 Amy Angell VP Casualty 1.00 0.00 X 0 0 0 Jason Kehrberg VP LIfe 1.00 0.00 X 0 0 0 Barbara Klever VP Health 1.00 0.00 X 0 0 0 Jason Russell VP Pension 1.00 0.00 X 0 0 0 Steve Malerich VP Risk Management Financial Reporting 1.00 0.00 X 0 0 0 Cathy Murphy Barron Director 1.00 0.00 X 0 0 0 Dorothy Andrews Director 1.00 0.00 X 0 0 0 Steve Malerich Vp Risk Mgt Financial Reporting 1.00 0.00 X 0 0 0 Lena Black Director 1.00 0.00 X 0 0 0 Joyce Bohl Director 1.00 0.00 X 0 0 0 Chris Carlson Director 1.00 0.00 X 0 0 0 Derek Freihaut Director 1.00 0.00 X 0 0 0 Annette James Director 1.00 0.00 X 0 0 0 Julia Lerch Director 1.00 0.00 X 0 0 0 Maambo Mujala Director 1.00 0.00 X 0 0 0 Sherry Chan to Nov 14 2023 VP Pension 1.00 0.00 X 0 0 0 Seong min Eom to Nov 14 2023 VP Risk Managment Financial Reporting 1.00 0.00 X 0 0 0 Margaret Berger to Nov 14 2023 Director 1.00 0.00 X 0 0 0 Pete Weber to Nov 14 2023 Director 1.00 0.00 X 0 0 0 William Michalisin Executive Director 50.00 0.00 X 623891 0 47097 Thomas Hopkins CFO Sr Director Admininstration 50.00 0.00 X 289878 0 36448 Brian Jackson General Counsel Sr Dir Professionalism 50.00 0.00 X 296429 0 44061 David Nolan Sr Director of Communications 50.00 0.00 X 263238 0 77076 Lori Feinman Sr Dir Education and Events 50.00 0.00 X 249500 0 42804 Kasha Shelton Sr Director of Membership 50.00 0.00 X 181144 0 44188 Geralyn Trujullo Sr Dir of Public Policy 50.00 0.00 X 137155 0 4118 Christopher Cassidy Asst Director of IT 35.00 0.00 X 184151 0 64352 Erica Kennedy Director of Professionalism and ASB 35.00 0.00 X 164196 0 41243 Ed Lee Assoc Director Professionalism ABCD 35.00 0.00 X 170236 0 24178 Steven Jackson Director Research 35.00 0.00 X 182350 0 21995 Jen Adach Director Marketing 35.00 0.00 X 155365 0 35639 Craig Hanna to Feb 23 2023 Director Public Policy 50.00 0.00 X 129822 0 2764 3027355 0 485963 0 true true false CORI E UCCELLO 3625 10th St Unit 607 Arlington VA 22201 Consulting 309941 LINDA K STONE 820 POtss Lane Bryn Mawr PA 19010 Consulting 299999 BENNETT ENTERPRISES LLC 2885 Devonsire Place Woodbury MN 55125 Consulting 266717 ACTUARIALWORX LLC 14 B Villa Court Edwardsville IL 62025 Consulting 242995 VISION360 PARTNERS 1156 15th Street NW Washington DC 20005 Consulting 215954 16 0 0 0 0 0 0 0 0 Membership Dues 900099 12468166 12468166 0 0 Meeting Revenue 611430 415446 415446 0 0 Webcast Revenue 519130 613020 613020 0 0 Service Fees 541900 446102 446102 0 0 Manual Sales 611430 179600 179600 0 0 23477 23477 0 0 14145811 1054099 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Magazine Advertising 541800 219338 0 219338 0 0 0 0 0 0 0 0 0 0 0 0 0 219338 15419248 14145811 219338 0 130000 0 0 0 0 0 0 0 2469613 0 0 0 0 0 0 0 4164631 0 0 0 452289 0 0 0 462366 0 0 0 444859 0 0 0 0 0 0 0 153600 0 0 0 60720 0 0 0 0 0 0 0 0 0 0 0 0 0 969295 0 0 0 0 0 0 0 201164 0 0 0 300977 0 0 0 0 0 0 0 949072 0 0 0 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15419248 0 15419248 14516124 0 14516124 0 14516124 Part X, line 2 Part X Line 2 : The Academy adopted the authoritative guidance relating to accounting for uncertainty in income taxes included in ASC Topic Income Taxes. These provisions provide consistent guidance for the accounting for uncertainty in income taxes recognized in an entitys financial statements and prescribe a threshold of more likely than not for recognition and de-recognition of tax positions taken or expected to be taken in a tax return. The Academy performed an evaluation of uncertain tax positions for the years ended December 31 2023 and 2022 and determined that there were no matters that would require recognition in the financial statements or that may have an effect on its tax-exempt status. It is the Academys policy to recognize interest and or penalties related to uncertain tax positions if any in unrelated business income tax expense. As of December 31 2023 the statute of limitations for fiscal years 2020 through 2022 remain open with the U.S. and District of Columbia jurisdictions. Part V, line 4 The Academy maintains a Board designated fund in anticipation of potential legal expenses associated with counseling and disciplinary activities. true The Actuarial Foundation 1515 East Woodfield Rd Suite 625 Schaumburg IL 60173 363968441 501(c)(3) 130000 0 NA NA General Assistance 1 0 Part I Line 2 The Academys Board of Directors reviews and approves the amount of the grant purpose and payment annually. Periodic financial programmatic and management reports are presented by the Actuarial Foundation to the Academys Board of Directors and staff. X X X X false false false Lisa Slotznick President 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Part VI, Line 6 The Academy had 20,027 members as of December 31 2023. Members are entitled to attend meetings vote hold office serve as elected Directors make nominations serve on committees and generally exercise the right of full membership. Part VI, Line 7a The Academy has members that elect some members of the governing body. Part VI, Line 7b Academy Bylaws amendments that are proposed by the Board of Directors that affect the substantive rights of Academy members require an affirmative vote of two-thirds of the members voting. Part VI, Line 11a The form 990 is reviewed in its entirety by the Executive Director and CFO prior to filing. Part VI, Line 12c The Academy requires all members that volunteer on any Academy boards councils committees sub-committees task forces and work groups collectively "Committees" to acknowledge annually the Academys Conflict of Interest Policy. A formal acknowledgement is provided for this purpose. Volunteers not providing the acknowledgement are removed from their respective Committees. If a real or perceived conflict of interest exists it is reviewed by the respective Committee governing body and Academys General Counsel and may result in removal of the volunteer from their respective Committee or recusal from participating in the affected transaction. Part VI, Line 15 The Academy conducts a formal annual compensation study "Staff Study" every year for all staff other than the Executive Director. The Academy also performs a formal compensation study for the Executive Director every few years. The most recent Executive Director study was conducted in 2019. The studies are conducted by an independent external consultant and include benchmark analysis and specific recommendations on compensation levels. The Staff Study is reviewed by the Academys Personnel and Compensation Committee which approves all non-Executive Director salary grade levels. The Committees deliberations and decisions are contemporaneously documented in meeting minutes. The Executive Director Study is reviewed by the Academys Presidents Performance Committee PC and the President approves the Executive Directors compensation level. The PCs deliberations and decisions are contemporaneously documented by the President. Part VI, Line 19 The Academy makes its governing documents Conflict of Interest Policy and most recent audited financial statement available on its website at www.actuary.org. Part XI, Line 9 | Description:, Explanation:, Amount:| Pension charges other than net periodic pension costs., Pension charges other than net periodic pension costs., $100243|