2026-03-31T11:55:00-05:00 2025-05-31 410746749 CLIFTONLARSONALLEN LLP 2021 SPRING ROAD SUITE 200 OAK BROOK IL 60523 990 2024-06-01 363968441 THE ACTUARIAL FOUNDATION ACTU 8477063535 869 E SCHAUMBURG RD 321 SCHAUMBURG IL 60194 VALERIE THOMPSON EXECUTIVE DIRECTOR 8477063535 2026-03-30 1 1 MELISSA STRUCK P01310867 6305738600 2026-03-27 2024 2025-03-06 01:10:19Z VALERIE THOMPSON 869 E SCHAUMBURG RD 321 SCHAUMBURG IL 60194 9204756 0 X WWW.ACTUARIALFOUNDATION.ORG X 1994 IL CHANGING LIVES THROUGH MATH EDUCATION (SEE SCHEDULE O FOR THE ORGANIZATION'S FULL MISSION STATEMENT) 30 30 30 473 0 0 2956533 3059860 0 0 1082379 130913 -42114 42150 3996798 3232923 847069 1233880 0 0 2689842 2015776 0 0 763005 1763257 1301757 5300168 4551413 -1303370 -1318490 5284021 3814321 686080 332191 4597941 3482130 X THE ACTUARIAL FOUNDATION, A 501(C)(3) ORGANIZATION, IS A PHILANTHROPIC PARTNER OF THE ACTUARIAL PROFESSIONIN THE UNITED STATES. SINCE 1994, THE FOUNDATION HAS LED THE WAY TO CREATE QUALITY MATH EDUCATION INITIATIVES FOR STUDENTS, TEACHERS, AND FAMILIES. OUR MISSION IS TO UNLEASH THE POWER OF MATH EDUCATION AND TRANSFORM FUTURES BY LEVERAGING THE TALENTS AND RESOURCES OF THE ACTUARIAL COMMUNITY. OUR VISION IS A FUTURE WHERE EVERYONE EXPERIENCES CONFIDENCE AND OPPORTUNITIES AVAILABLE THROUGH MATH PROFICIENCY. 0 0 1642789 101367 EDUCATION - THE FOUNDATION ENCOURAGES NEW GENERATIONS OF MATHEMATICAL THINKERS BY CREATING AND DISTRIBUTING EDUCATIONAL MATERIALS TO TEACHERS AND STUDENTS IN GRADES 4-12. THESE FREE RESOURCES INCLUDE HANDS-ON PROJECTS, LESSON PLANS, AND ONLINE ACTIVITIES THAT COVER A VARIETY OF MATHEMATICAL TOPICS AND FINANCIAL LITERACY THEMES. MODELING THE FUTURE CHALLENGE (MTF) IS A CRITICAL THINKING, HANDS-ON MATHEMATICS CHALLENGE FOR HIGH SCHOOL STUDENTS FOR THE CHANCE TO EARN ONE OF THREE COLLEGE SCHOLARSHIPS TOTALING $55,000. STUDENTS WILL LEARN HOW MATHEMATICS APPLIES TO CUTTING-EDGE INDUSTRIES AND TECHNOLOGY, AS WELL AS HIGHLY SOUGHT-AFTER CAREERS AS ACTUARIES AND OTHER MATH-RELATED PROFESSIONS. THE AWARD-WINNING FINANCIAL LITERACY CURRICULUM RESOURCE, BUILDING YOUR FUTURE, HAS BEEN PROVIDED FOR FREE TO MORE THAN 60,000 HIGH SCHOOL TEACHERS AND 500,000 STUDENTS NATIONWIDE. THE FOUNDATION IS PROUD TO HELP TO CLOSE THE OPPORTUNITY GAP THROUGH A VOLUNTEER-DRIVEN S.A.T. AND MATH TUTORING PROGRAM THAT PAIRS LOW-INCOME URBAN HIGH SCHOOL STUDENTS WITH PROFESSIONAL ACTUARIES AND COLLEGE STUDENTS MAJORING IN ACTUARIAL SCIENCE, MATHEMATICS, OR EDUCATION. 1152044 1094357 THE ACTUARIAL FOUNDATION SUPPORTS AND INSPIRES THE NEXT GENERATION OF ACTUARIAL PROFESSIONALS THROUGH THE STEM STARS ACTUARIAL SCHOLARS PROGRAM. STEM STARS GOES BEYOND SCHOLARSHIPS BY CREATING A GUIDED PATHWAY INTO THE ACTUARIAL PROFESSION OFFERING MENTORSHIP, NETWORKING OPPORTUNITIES, AND EXPOSURE TO REAL-WORLD APPLICATIONS OF ACTUARIAL WORK. THROUGH THIS HOLISTIC SUPPORT SYSTEM, STEM STARS EQUIPS SCHOLARS WITH THE SKILLS, CONNECTIONS, AND CONFIDENCE NEEDED TO SUCCESSFULLY ENTER AND THRIVE IN THE ACTUARIAL FIELD. 194776 38155 AWARDS & PRIZES - THE ACTUARIAL FOUNDATION CONFERS AWARDS AND PRIZES THROUGH SEVERAL PROGRAMS THAT RECOGNIZE EXCELLENCE IN EDUCATION, STUDENT ACHIEVEMENT, AND PUBLIC ENGAGEMENT. THE HELEN GALT EDUCATOR AWARD HONORS TEACHERS WHO SUPPORT AND INSPIRE STUDENT PARTICIPATION IN THE MODELING THE FUTURE CHALLENGE, ENCOURAGING BROADER ENGAGEMENT IN THE COMPETITION. THROUGH THE HARDEST MATH PROBLEM STUDENT CONTEST, STUDENTS RECEIVE PRIZES INCLUDING LAPTOPS AND 529 COLLEGE SAVINGS CONTRIBUTIONS. THESE PRIZES HELP BUILD CONFIDENCE IN MATHEMATICS, INCENTIVIZE STUDENTS TO PARTICIPATE, AND INSPIRE INTEREST IN STEM AND ACTUARIAL CAREERS. THE CLIMATE RESILIENCE AWARD, PART OF THE MODELING THE FUTURE CHALLENGE, PROVIDES STIPENDS TO STUDENT WINNERS TO SUPPORT A 10-WEEK, PART-TIME SUMMER INTERNSHIP ENABLING THEM TO TRANSLATE THEIR MATHEMATICAL MODELS INTO PRACTICAL, COMMUNITY-BASED SOLUTIONS. THE WYNN KENT PUBLIC COMMUNICATION AWARD RECOGNIZES ACTUARIES WHO ENHANCE PUBLIC AWARENESS OF THE PROFESSION AND ITS ROLE IN PROMOTING FINANCIAL SECURITY ACROSS LIFE, HEALTH, CASUALTY, PENSION, AND RELATED FIELDS. 5032 GENERAL PROGRAM EXPENSES. 5032 2994641 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 11 0 30 1 0 0 0 0 0 0 0 0 0 0 0 0 X 30 30 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 IL AL AR CA FL GA HI KS KY MA MD MI MN MS NC NH NJ NM NY OR PA RI SC TN VA WI WV UT X X VALERIE THOMPSON 8477063535 869 E SCHAUMBURG RD 321 SCHAUMBURG IL 60194 SHARON ROBINSON CHAIR 1.00 X X 0 0 0 KELLY CUSICK CHAIR-ELECT 1.00 X X 0 0 0 ANAND KHARE SECRETARY TREASURER 1.00 X X 0 0 0 ANDY FERRIS IMMEDIATE PAST CHAIR 1.00 X 0 0 0 STEVEN A ESENSTEIN TRUSTEE 1.00 X 0 0 0 JEREMY ENGDAHL-JOHNSON TRUSTEE 1.00 X 0 0 0 EMILY GINGRICH TRUSTEE 1.00 X 0 0 0 LELA PATRIK TRUSTEE 1.00 X 0 0 0 STEVE ROMINSKE TRUSTEE 1.00 X 0 0 0 STEWART ASHKENAZY TRUSTEE 1.00 X 0 0 0 NORA BENANTI TRUSTEE 1.00 X 0 0 0 ERIC CLAPPROOD TRUSTEE 1.00 X 0 0 0 ALEXANDER D DEWITT TRUSTEE 1.00 X 0 0 0 CYNTHIA EDWALDS TRUSTEE 1.00 X 0 0 0 OLGA T JACOBS TRUSTEE 1.00 X 0 0 0 BARRY JACOBSEN TRUSTEE 1.00 X 0 0 0 RICHARD JONES TRUSTEE 1.00 X 0 0 0 TRAVIS LAPPE TRUSTEE 1.00 X 0 0 0 TED A LYLE TRUSTEE 1.00 X 0 0 0 KASSIE MARONEY TRUSTEE 1.00 X 0 0 0 JERRY MINGIONE TRUSTEE 1.00 X 0 0 0 ALEJANDRA NOLIBOS TRUSTEE 1.00 X 0 0 0 FELIX OKWANING TRUSTEE 1.00 X 0 0 0 CANDE OLSEN TRUSTEE 1.00 X 0 0 0 NADINE ORLOFF TRUSTEE 1.00 X 0 0 0 ERIC C SHERMAN TRUSTEE 1.00 X 0 0 0 RICHARD VEYS TRUSTEE 1.00 X 0 0 0 STEVE WHITE TRUSTEE 1.00 X 0 0 0 CHAD WISCHMEYER TRUSTEE 1.00 X 0 0 0 VALERIE THOMPSON EXECUTIVE DIRECTOR 40.00 X 240250 0 15452 MICHAEL MARION DIRECTOR OF DEVELOPMENT 40.00 X 117685 0 7330 357935 0 22782 2 0 1 0 INSTITUTE OF COMPETITION SCIENCES 583 OAK PARK DRIVE SAN FRANCISCO CA 94131 MTFC AND SCHOLASTIC PROGRAM ACTIVITIES 484850 THE DRINK AGENCY INC 64 REID AVE PORT WASHINGTON NY 11050 ADVERTISING CONSULTANTS 122594 2 3059860 3059860 130639 130639 5972107 5971833 274 274 274 BAD DEBT RECOVERY 900099 42150 42150 42150 3232923 42150 0 130913 X 971031 971031 258849 258849 4000 4000 272327 108931 81698 81698 1340747 754494 176665 409588 268441 160219 57807 50415 134261 94755 6010 33496 30068 1835 18580 9653 108424 108424 583241 487663 89378 6200 134413 150 6378 127885 36745 3390 19253 14102 22112 965 13737 7410 14529 1753 12776 88822 46521 35845 6456 34881 34881 38601 31319 7282 STAFF DUES & SUBSCRIPTI 79291 32083 42808 4400 STUDENT AND VOLUNTEER S 66068 66068 OTHER 64562 1934 58208 4420 4551413 2994641 793767 763005 186837 136044 1452672 2886745 518721 683908 70159 89260 39825 21461 26329 18364 2993033 36270 0 5284021 3814321 648288 332191 37792 0 686080 332191 X 1813352 2215686 2784589 1266444 4597941 3482130 5284021 3814321 -1318490 202679 0 X X 0 1 X 1 0 X 3282578 3271124 3253542 2956533 3062519 15826296 3282578 3271124 3253542 2956533 3062519 15826296 3195227 12631069 180048 187935 134257 146309 130639 779188 3735 14000 42150 59885 16665369 0.75790 0.85970 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2020 AMOUNT: $ 735. 2023 AMOUNT: $ 14,000. 2024 AMOUNT: $ 42,150. RETURNED SCHOLARSHIPS - 2020 AMOUNT: $ 3,000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 39825 21461 18364 18364 X 3438261 202679 2659 205338 3232923 0 3232923 4554072 2659 2659 4551413 0 4551413 PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA (U.S. GAAP) REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE FOUNDATION AND RECOGNIZE A TAX LIABILITY IF THE FOUNDATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE OR OTHER APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FOUNDATION, AND HAS CONCLUDED THAT AS OF MAY 31, 2025 AND 2024, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. 0 0 0 0 0 0 0 0 0 0 CARRIBEAN ACTUARIAL SCHOLARSHIP 3 4000 WIRE TRANSFER 0 0 0 0 0 0 1 SCHOLARSHIP AMERICA 7900 INTERNAITONAL DR STE 500 MINNEAPOLIS MN 55425 042296967 501(C)3 810200 0 SUPPORT REIMBURSEMENTS FOR THOSE COMPLETE ACTUARIAL EXAMS SOCIETY OF ACTUARIES RESEARCH INSTITUTE 8770 W BRYN MAWR AVE STE 1000 CHICAGO IL 60631 834526499 501(C)3 98223 0 PROVIDE INCENTIVE FOR AUTHORS TO SUBMIT RELEVANT PAPERS FOR SYMPOSIUM AMERICAN FOUNDATION FOR UNIVERSITY OF THE WEST INDIES INC 300 EAST 42ND ST STE 519 NEW YORK CITY NY 10017 132967185 501(C)3 30363 0 SCHOLARSHIPS FOR 2ND OR 3RD YEAR ACTUARIAL STUDENTS CASUALTY ACTUARIAL SOCIETY TRUST 4350 FAIRFAX DR STE 250 ARLINGTON VA 22203 131947453 501(C)3 32245 0 SUPPORT REIMBURSEMENTS FOR THOSE COMPLETE ACTUARIAL EXAMS 4 0 CURTIS E. HUNTINGTON SCHOLARSHIPS 1 7000 DIVERSITY SCHOLARSHIPS 27 91000 MODELING THE FUTURE CHALLENGE SCHOLARSHIP 15 39000 STUART A. ROBERTSON SCHOLARSHIPS 5 40000 THE ROBERT D. SHAPIRO MEMORIAL SCHOLARSHIP FUND 6 50000 THE HARDEST MATH PROBLEM STUDENT CONTEST 9 18000 ELIZABETH M. MAURO REIMBURSEMENT PROGRAM 3 3000 STEM STARS ACTUARIAL SCHOLARS PROGRAM 22 4849 KENT AWARDS 1 1000 HELEN GALT AWARDS 5 5000 PART I, LINE 2: MANAGEMENT MONITORS GRANT COMPLIANCE THROUGH REVIEW OF BUDGETARY AND ACTIVITY REPORTS PROVIDED BY THE GRANTEES. X X 0 0 0 0 0 0 0 0 0 VALERIE THOMPSON EXECUTIVE DIRECTOR 195000 0 45250 0 0 0 0 0 15452 0 255702 0 0 0 PART I, LINE 3 THE BOARD, OR ITS DESIGNEE(S), WILL ANUALLY EVALUATE AND ASSESS THE EXECUTIVE DIRECTOR'S PERFORMANCE ON AN ANNUAL BASIS AND DETERMINE ANY INCREASE IN THE EXECUTIVE DIRECTOR'S BASE SALARY AND BONUS, IF ANY, FOR THE PRIOR YEAR OF SERVICE IN ACCORDANCE WITH THE FOUNDATION'S POLICIES. FORM 990, PART VI, SECTION B, LINE 11B THE SECRETARY/TREASURER REVIEWS THE 990 ON BEHALF OF THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C MEMBERS OF THE GOVERNING BODY ARE REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 IF REQUESTED, A COPY OF THE 990 IS SENT VIA MAIL OR EMAIL TO THE REQUESTING PARTY. FORM 990, PART IX, LINE 11G PROGRAM - COMPETITION DESIGN: PROGRAM SERVICE EXPENSES 484,850. MANAGEMENT AND GENERAL EXPENSES 73,384. FUNDRAISING EXPENSES 5,000. TOTAL EXPENSES 563,234. EVENT SERVICES: PROGRAM SERVICE EXPENSES 1,167. MANAGEMENT AND GENERAL EXPENSES 6,635. FUNDRAISING EXPENSES 498. TOTAL EXPENSES 8,300. RECRUITING AND STAFFING: PROGRAM SERVICE EXPENSES 403. MANAGEMENT AND GENERAL EXPENSES 2,290. FUNDRAISING EXPENSES 172. TOTAL EXPENSES 2,865. OFFICE MOVING SERVICES: PROGRAM SERVICE EXPENSES 1,243. MANAGEMENT AND GENERAL EXPENSES 7,069. FUNDRAISING EXPENSES 530. TOTAL EXPENSES 8,842. FORM 990, PART XII, LINE 2C: THE ORGANIZATION NEITHER CHANGED THE OVERSIGHT PROCESS OR THE SELECTION PROCESS DURING THE TAX YEAR.