2025-11-14T15:45:32-05:00 2024-12-31 990 2024-01-01 366142798 AMERICAN ACADEMY OF ACTUARIES AMER 2022238196 1850 M ST NW STE 300 WASHINGTON DC 20036 Thomas Hopkins CFO 2024658165 2025-11-14 2024 2025-03-06 01:10:19Z Thomas Hopkins 1850 M ST NW STE 300 WASHINGTON DC 20036 16165925 false X X 1966 IL The Academys mission is to serve the public and the United States actuarial profession. 21 21 59 700 192183 24808 0 0 14145811 14373126 1054099 1600616 219338 192183 15419248 16165925 130000 130000 0 0 7993758 8580185 0 0 0 6392366 6540083 14516124 15250268 903124 915657 35313722 36594922 15203497 14246928 20110225 22347994 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 44 0 true 59 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 20036 Darrell Knapp President 1.00 0.00 X X 0 0 0 Tricia Matson President - Elect 1.00 0.00 X X 0 0 0 Lisa Slotznick Immediate Past President 1.00 0.00 X 0 0 0 Ken Kent Penultimate Past President 1.00 0.00 X 0 0 0 Banjamin Slutsker Secretary - Treasurer 1.00 0.00 X 0 0 0 Nancy Behrens VP Professionalism and Education 1.00 0.00 X 0 0 0 Susan Kent VP Casualty 1.00 0.00 X 0 0 0 Jason Kehrberg VP LIfe 1.00 0.00 X 0 0 0 Annette James 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 Armstrong Director 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 Eric Keener Director 1.00 0.00 X 0 0 0 Derek Freihaut Director 1.00 0.00 X 0 0 0 Donna Megregian 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 Tim Geddes to Nov 14 2024 VP Professionalism and Education 1.00 0.00 X 0 0 0 Amy Angell to Nov 13 2024 VP Casualty 1.00 0.00 X 0 0 0 Barbara Klever to Nov 14 2024 Director 1.00 0.00 X 0 0 0 Dorothy Andrews to Nov 14 2024 Director 1.00 0.00 X 0 0 0 Chris Carlson to Nov 14 2024 Director 1.00 0.00 X 0 0 0 William Michalisin Executive Director CEO 50.00 0.00 X 763230 0 71577 Thomas Hopkins Chief Financial Officer 50.00 0.00 X 303441 0 77593 Brian Jackson General Counsel 50.00 0.00 X 307584 0 43602 David Nolan Sr Dir Communications 50.00 0.00 X 265874 0 73125 Lori Feinman Sr Dir Education and Events 50.00 0.00 X 193336 0 57154 Kasha Shelton Sr Director of Membership 50.00 0.00 X 190272 0 36504 Geralyn Trujullo Sr Dir of Public Policy 35.00 0.00 X 304047 0 42816 Christopher Cassidy Asst Director of IT 35.00 0.00 X 185589 0 61515 Erica Kennedy Director of Professionalism and ASB 35.00 0.00 X 170372 0 33806 Ed Lee Assoc Director Professionalism ABCD 35.00 0.00 X 174232 0 22503 Steven Jackson Director Research 35.00 0.00 X 181744 0 22558 Eric Harding Director Marketing 50.00 0.00 X X 159555 0 33168 3199276 0 575921 26 true true false CORI E UCCELLO 3625 10th St Unit 607 Arlington VA 22201 Consulting 321434 LINDA K STONE 820 POtss Lane Bryn Mawr PA 19010 Consulting 299022 BRINK MEDIA 1100 S 6th Street Tucson AZ 85701 Consulting 176800 ACTUARIALWORX LLC 14 B Villa Court Edwardsville IL 62025 Consulting 263226 VISION360 PARTNERS 1156 15th Street NW Washington DC 20005 Consulting 237398 12 0 0 0 0 0 0 0 0 Membership Dues 900099 12758050 12758050 0 0 Meeting Revenue 611430 513171 513171 0 0 Webcast Revenue 519130 358080 358080 0 0 Service Fees 541900 554239 554239 0 0 Manual Sales 611430 180125 180125 0 0 9461 9461 0 0 14373126 1600616 0 0 1600616 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 192183 0 192183 0 0 0 0 0 0 0 0 0 0 0 0 0 192183 16165925 14373126 192183 1600616 130000 0 0 0 0 0 0 0 2730155 0 0 0 0 0 0 0 4462174 0 0 0 422244 0 0 0 479433 0 0 0 486179 0 0 0 0 0 0 0 318335 0 0 0 39000 0 0 0 0 0 0 0 0 0 0 0 0 0 717375 0 0 0 0 0 0 0 189778 0 0 0 447600 0 0 0 0 0 0 0 912954 0 0 0 750881 0 0 0 0 0 0 0 993398 0 0 0 0 0 0 0 0 0 0 0 203636 0 0 0 114998 0 0 0 Printing and Publications 439202 0 0 0 Practice Councils 456924 0 0 0 Credit Card Fees 409863 0 0 0 UBIT 12167 0 0 0 533972 0 0 0 15250268 0 0 0 0 0 0 0 4791280 5760492 2321565 1255191 0 0 514963 596199 0 0 0 0 0 0 0 0 226503 313309 3706346 2998928 691892 707418 22419244 24401048 0 0 0 0 4235802 3438117 112473 123148 35313722 36594922 1573770 1592522 0 0 8327870 9028400 0 0 0 0 0 0 0 0 0 0 5301857 3626006 15203497 14246928 X 20110225 22347994 0 0 20110225 22347994 35313722 36594922 915657 822518 0 0 1 499593 X false true X true false false true 12758050 8039 -562239 -554200 127581 -681781 0 189615 0 -30607 0 0 0 159008 149190 0 40425 0 0 0 189615 149179 0 11 0 0 0 149190 149164 0 15 0 0 0 149179 148685 0 479 0 0 0 149164 0 0 0 false false 2282185 1919508 365677 591144 300878 290266 833017 781542 51475 707418 Deferred Rent 4782494 Deferred Pension Liability -1156488 3626006 X 16988443 822518 822518 16165925 0 16165925 15250268 0 15250268 0 15250268 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 2024 and 2023 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 2024 the statute of limitations for fiscal years 2021 through 2023 remain open with the U.S. federal and District of Columbia. 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 General Operations 1 0 Part II Line 1 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 William Michalisin Executive Director CEO 616870 0 146000 0 360 0 43202 0 28375 0 834807 0 0 0 Thomas Hopkins Chief Financial Officer 268658 0 33200 0 1584 0 38407 0 39186 0 381035 0 0 0 Brian Jackson General Counsel 278200 0 27800 0 1584 0 41353 0 2250 0 351187 0 0 0 David Nolan Sr Dir Communications 244242 0 20600 0 1032 0 34406 0 38719 0 338999 0 0 0 Lori Feinman Sr Dir Education and Events 177304 0 15000 0 1032 0 24206 0 32948 0 250490 0 0 0 Kasha Shelton Sr Director of Membership 175220 0 14500 0 552 0 25134 0 11370 0 226776 0 0 0 Geralyn Trujullo Sr Dir of Public Policy 275687 0 28000 0 360 0 32810 0 10006 0 346863 0 0 0 Christopher Cassidy Asst Director of IT 182541 0 0 0 3048 0 30073 0 31443 0 247105 0 0 0 Erica Kennedy Director of Professionalism and ASB 156920 0 12900 0 552 0 22479 0 11327 0 204178 0 0 0 Ed Lee Assoc Director Professionalism ABCD 160300 0 12900 0 1032 0 20784 0 1719 0 196735 0 0 0 Steven Jackson Director Research 166600 0 10200 0 4944 0 21104 0 1454 0 204302 0 0 0 Eric Harding Director Marketing 159195 0 0 0 360 0 2232 0 30935 0 192722 0 0 0 Part VI, Line 6 The Academy had 19,715 members as of December 31 2024. 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 11b No review was or will be conducted. 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, $499593|