2025-10-31T09:23:50-05:00 2024-12-31 331498605 PLANTE & MORAN PLLC 10 S RIVERSIDE PLAZA 9TH FLOOR CHICAGO IL 60606 990 2024-01-01 834526499 SOCIETY OF ACTUARIES SOCI 8477063500 8770 W BRYN MAWR AVE 1000 CHICAGO IL 60631 GREGORY HEIDRICH CEO 8477063500 2025-10-30 1 1 LU ANN TRAPP P01506476 3122071040 2025-10-30 2024 2025-03-06 01:10:19Z GREGORY HEIDRICH 8770 W BRYN MAWR AVE 1000 CHICAGO IL 60631 78280337 0 X WWW.SOA.ORG X 2020 IL THROUGH EDUCATION AND RESEARCH, THE SOA ADVANCES ACTUARIES AS LEADERS IN MEASURING (SEE SCHEDULE O) AND MANAGING RISK TO IMPROVE FINANCIAL OUTCOMES FOR INDIVIDUALS, ORGANIZATIONS, AND THE PUBLIC. 23 23 0 4947 49545 12877 0 0 62097037 66325158 -218642 1949724 18419 20815 61896814 68295697 915234 1101587 0 0 21443404 22615548 0 0 0 33276725 34067737 55635363 57784872 6261451 10510825 70872534 88936484 33607996 37388857 37264538 51547627 THROUGH EDUCATION AND RESEARCH, THE SOA ADVANCES ACTUARIES AS LEADERS IN MEASURING AND MANAGING RISK TO IMPROVE FINANCIAL OUTCOMES FOR INDIVIDUALS, ORGANIZATIONS, AND THE PUBLIC. 0 0 MEMBERSHIP: THE SOA IS A MEMBERSHIP ORGANIZATION WITH OVER 34,700 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 AND LIFE INSURANCE SYSTEMS AND PROVIDING RISK MANAGEMENT ADVICE ON AN ENTERPRISE-WIDE LEVEL TO MANY TYPES OF COMMERCIAL ORGANIZATIONS. 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. 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. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 1 1 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 X 100 0 1 0 1 1 1 CA UK CH HK 0 0 1 1 0 0 0 X 23 23 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X ROSE FEALY 8477063500 8770 W BRYN MAWR AVE SUITE 1000 CHICAGO IL 60631 X DAVID DILLON PRESIDENT-ELECT 1.00 1.00 X X 0 0 0 AMANDA HUG PRESIDENT 1.00 1.00 X X 0 0 0 JOHN ROBINSON PRESIDENT 1.00 1.00 X X 0 0 0 TIM ROZAR PAST PRESIDENT 1.00 1.00 X X 0 0 0 YING ZHAO SECRETARY/TREASURER 1.00 1.00 X X 0 0 0 KAREN ANWAY BOARD MEMBER 1.00 1.00 X 0 0 0 DAVID BOETTCHER BOARD MEMBER 1.00 1.00 X 0 0 0 KAREN BURNETT BOARD MEMBER 1.00 1.00 X 0 0 0 SHERRY CHAN 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 SARA GOLDBERG BOARD MEMBER 1.00 1.00 X 0 0 0 DAVID INGRAM BOARD MEMBER 1.00 1.00 X 0 0 0 LISA KUKLINSKI BOARD MEMBER 1.00 1.00 X 0 0 0 JACKIE LEE BOARD MEMBER 1.00 1.00 X 0 0 0 MELODY PRANGLEY BOARD MEMBER 1.00 1.00 X 0 0 0 DANIEL PRIBE BOARD MEMBER 1.00 1.00 X 0 0 0 KELLY RABIN BOARD MEMBER 1.00 1.00 X 0 0 0 MARY BETH RAMSAY BOARD MEMBER 1.00 1.00 X 0 0 0 HANS WAGNER BOARD MEMBER 1.00 1.00 X 0 0 0 JON WU BOARD MEMBER 1.00 1.00 X 0 0 0 SI XIE BOARD MEMBER 1.00 1.00 X 0 0 0 MERCY YAN BOARD MEMBER 1.00 1.00 X 0 0 0 GREG HEIDRICH CEO 36.00 4.00 X 0 761837 90008 ROSE B FEALY COO/CFO 36.00 4.00 X 0 495957 49268 R DALE HALL MANAGING DIRECTOR RESEARCH 36.00 4.00 X 0 427609 79861 KEN GUTHRIE MANAGING DIRECTOR EDUCATION 36.00 4.00 X 0 434227 80290 COURTNEY NASHAN MANAGING DIRECTOR ENGAGEMENT 36.00 4.00 X 0 363268 73287 JOSEPH WURZBURGER MANAGING DIRECTOR,STRATEGY 36.00 4.00 X 0 358324 72975 VICKI BAUE GENERAL COUNSEL 36.00 4.00 X 0 383693 47896 CARLA CARRY MANAGING DIRECTOR, MARKETING 36.00 4.00 X 0 332417 69555 ANDREW PETERSON MANAGING DIRECTOR INTERNATIONAL 36.00 4.00 X 0 302041 67041 ALICE LOCATELLI MANAGING DIRECTOR OF EXPERIENCE 36.00 4.00 X 0 296196 31934 MONIKA MCGUIRE GENERAL COUNSEL 36.00 4.00 X 0 289849 69258 STUART KLUGMAN SR. STAFF FELLOW 36.00 4.00 X 0 301323 44548 EMILY KESSLER SR. STAFF FELLOW 36.00 4.00 X 0 291127 44060 TIFFANY STAMM SR. DIRECTOR, FINANCE & FACILITIES 36.00 4.00 X 0 264185 50906 TIMOTHY MOBERLY SENIOR DIRECTOR, ITS 36.00 4.00 X 0 246700 61288 0 5548753 932175 0 0 1 0 PROMETRIC INC PO BOX 223608 PITTSBURGH PA 15251 TEST CENTERS 6884635 MAYO SEITZ MEDIA INC 555 EAST NORTH LANE SUITE 4000 CONSHOHOCKEN PA 19428 MEDIA STRATEGY SERVICES 1796450 GLOBEBYTE 41 LONDON ROAD REIGATE ENGLAND UK RH29RJ IT SERVICES 873457 CLOUD FOR GOOD LLC PO BOX 200254 DALLAS TX 75320 IT SERVICES 785899 G&S BUSINESS COMMUNICATIONS 111 WEST 33RD STREET 22ND FLOOR NEW YORK NY 10120 MEDIA STRATEGY SERVICES 450214 20 EDUCATION AND EXAM FEES 611710 36432243 36432243 MEMBERSHIP DUES 611710 21506515 21506515 PROFESSIONAL DEVELOPMENT FEES 611710 8329940 8329940 ADVERTISING 541800 49545 49545 OTHER PROGRAM REVENUE 611710 6915 6915 66325158 1680383 1680383 20815 20815 10253981 9984640 269341 269341 269341 68295697 66275613 49545 1970539 X 800550 161037 140000 4335916 13770248 1810616 1313647 1385121 292364 9955082 452794 6741943 3904967 346933 9557830 1742309 305409 ASB/ABCD EXPENSE 288596 HONG KONG JOINT OFFICE 179083 STAFF CONTINUING ED 171333 129094 57784872 1348186 1654358 12585680 18691239 341771 1269808 169395 193021 2053639 2645305 11007900 3153720 5685155 7854180 42189658 49020008 4931720 6219045 1567330 1389520 70872534 88936484 7564664 5978959 22814763 27215429 3228569 4194469 33607996 37388857 X 37264538 51547627 37264538 51547627 70872534 88936484 X 10510825 3791108 -18844 X 0 1 X 1 0 2831702 225135 2606567 5661317 1770830 3890487 2514881 1157755 1357126 7854180 ALTERNATIVE INVESTMENTS 6219045 F 6219045 DUE TO RELATED ORG - SOCIETY OF ACTUARIES RESEARCH INSTITUTE 936657 OPERATING LEASE 3257812 4194469 X 76880987 3791108 4794182 8585290 68295697 0 68295697 64489627 6704755 6704755 57784872 0 57784872 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 RI- CONSOLIDATED FINANCIAL STATEMENTS 5,230,462. UNREALIZED CURRENCY GAIN -18,844. INTER-COMPANY REVENUE - RELATED ORGANIZATION -417,436. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES OF RELATED ORGANIZATION, SOA RI- CONSOLIDATED FINANCIAL STATEMENTS 7,122,191. INTER-COMPANY EXPENSE - RELATED ORGANIZATION -417,436. 1 CAYMAN ISLANDS 0 0 INVESTMENTS 6219045 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 PROGRAM SERVICES PROGRAM SERVICES 22114 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 2 0 PROGRAM SERVICES PROGRAM SERVICES 1624964 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES PROGRAM SERVICES 523835 2 0 0 0 2 0 8389958 0 8389958 EDUCATIONAL GRANTS SOUTH ASIA 1 20000 CHECK EDUCATIONAL GRANTS NORTH AMERICA 6 120000 CHECK 1 0 1 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. 1 SOCIETY OF ACTUARIES RESEARCH INSTITUTE 475 N MARTINGALE RD SCHAUMBURG IL 60173 362136422 501C3 417436 0 RESEARCH GRANT & GENERAL SUPPORT MORGAN STATE UNIVERSITY FOUNDATION 1700 E COLD SPRING LANE BALTIMORE MD 21251 237089143 501C3 17000 0 UEC DE STIPEND/SCHOLARSHIPS & GRANTS UNIVERSITY OF TEXAS EL PASO 500 W UNIVERSITY AVE EL PASO TX 79968 746000813 GOVT 7000 0 UEC DE STIPEND/SCHOLARSHIPS & GRANTS HOWARD UNIVERSITY 1851 9TH STREET WASHINGTON DC 20001 530204707 501C3 8000 0 UEC DE STIPEND/SCHOLARSHIPS & GRANTS THE ACTUARIAL FOUNDATION 869 E SCHAUMBURG ROAD 321 SCHAUMBURG IL 60194 363968441 501C3 320000 0 UEC DE STIPEND/SCHOLARSHIPS & GRANTS 4 0 EXAM GRANTS 627 118037 EDUCATIONAL GRANTS 3 43000 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 GREG HEIDRICH CEO 0 581842 0 179995 0 0 0 75731 0 14277 0 851845 0 0 ROSE B FEALY COO/CFO 0 386777 0 109180 0 0 0 34500 0 14768 0 545225 0 0 KEN GUTHRIE MANAGING DIRECTOR EDUCATION 0 337252 0 96975 0 0 0 44423 0 35867 0 514517 0 0 R DALE HALL MANAGING DIRECTOR RESEARCH 0 341218 0 86391 0 0 0 44157 0 35704 0 507470 0 0 COURTNEY NASHAN MANAGING DIRECTOR ENGAGEMENT 0 291718 0 71550 0 0 0 37492 0 35795 0 436555 0 0 VICKI BAUE GENERAL COUNSEL 0 318349 0 65344 0 0 0 34500 0 13396 0 431589 0 0 JOSEPH WURZBURGER MANAGING DIRECTOR,STRATEGY 0 287111 0 71213 0 0 0 37315 0 35660 0 431299 0 0 CARLA CARRY MANAGING DIRECTOR, MARKETING 0 277417 0 55000 0 0 0 33892 0 35663 0 401972 0 0 ANDREW PETERSON MANAGING DIRECTOR INTERNATIONAL 0 247909 0 54132 0 0 0 31554 0 35487 0 369082 0 0 MONIKA MCGUIRE GENERAL COUNSEL 0 248282 0 41567 0 0 0 30350 0 38908 0 359107 0 0 STUART KLUGMAN SR. STAFF FELLOW 0 257305 0 44018 0 0 0 30231 0 14317 0 345871 0 0 EMILY KESSLER SR. STAFF FELLOW 0 253142 0 37985 0 0 0 29172 0 14888 0 335187 0 0 ALICE LOCATELLI MANAGING DIRECTOR OF EXPERIENCE 0 250659 0 45537 0 0 0 29554 0 2380 0 328130 0 0 TIFFANY STAMM SR. DIRECTOR, FINANCE & FACILITIES 0 215595 0 48590 0 0 0 27626 0 23280 0 315091 0 0 TIMOTHY MOBERLY SENIOR DIRECTOR, ITS 0 216242 0 30458 0 0 0 26049 0 35239 0 307988 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 2024, THE CEO ACCRUED A BENEFIT OF $18,231 FROM A 457(F) NON-QUALIFIED RETIREMENT PLAN FROM A RELATED ORGANIZATION, SOA RESEARCH INSTITUTE. 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. 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: COMPENSATION REPORTED IN PART VII, HAS BEEN PAID BY A RELATED ORGANIZATION AND COMMON PAYMASTER, SOCIETY OF ACTUARIES RESEARCH INSTITUTE, EIN 36-2136422. THE COMPENSATION BEING REPORTED IS FOR FULL TIME POSITIONS, HOWEVER A PORTION OF THESE INDIVIDUAL'S TIME IS DEVOTED TO THE FILING ORGANIZATION AND IS REIMBURSED BY THE FILING ORGANIZATION. SOCIETY OF ACTUARIES RESEARCH INSTITUTE HAS COMPLIED WITH PAYROLL TAX FILING REQUIREMENTS. FORM 990, PART IX, LINE 11G EXAMINATION GRADING 6,189,412. HR EXPENSE 141,973. PROFESSIONAL FEES 3,099,862. INTERNATIONAL ACTUARIAL ASSOCIATION DUES 523,835. FORM 990, PART XI, LINE 9: UNREALIZED CURRENCY GAIN -18,844. SOA VENTURES LLC 475 NORTH MARTINGALE ROAD SUITE 600 SCHAUMBURG IL 60173 811384818 HOLDING, CO IL 0 0 SOCIETY OF ACTUARIES SOCIETY OF ACTUARIES RESEARCH INSTITUTE 475 N MARTINGALE RD SCHAUMBURG IL 601732252 362136422 EDUCATIONAL AND RESEARCH ACTIVITIES IL 501(C)(3) LINE 10 SOCIETY OF ACTUARIES 1 CAA GLOBAL LIMITED 7TH FLOOR HOLBORN GATE 326-330 HIG LONDON UK WC1V 7PP DELIVERY AND DEVELOPMENT OF THE CERTIFIED ACTUARIAL ANALYST QUALIFICATION UK 0 SOA ASIA-PACIFIC GATEWAY PTE LTD ONE MARINA BOULEVARD 28-00 SN EDUCATION AND TESTING SN SOA VENTURES LLC -156901 1.00000 1 0 1 0 1 0 0 0 0 0 0 0 0 1 1 1 1 1 0 1 SOCIETY OF ACTUARIES RESEARCH INSTITUTE B 417436 CASH CONTRIBUTION SOCIETY OF ACTUARIES RESEARCH INSTITUTE D 936657 INTER-COMPANY LOAN