Civic Intelligence

The Actuarial Foundation

EIN 36-3968441 • 501(c)3 • Schaumburg, IL

Profile

The actuarial foundation, a 501(c)(3) organization, is the philanthropic organization for the actuarial industry in the united states. Since 1994, the foundation has promoted lifelong math education and financial literacy through its learning resources and scholarships. The mission of the foundation is to enhance math education and financial literacy through the talents and resources of actuaries. The foundation's vision is an educated public in pursuit of a secure financial future.

869 E Schaumburg Rd 321Schaumburg, IL 60194

www.actuarialfoundation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

43rd percentile

0.08x

Higher debt load relative to assets than 43% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

55th percentile

0.19x

Higher debt load relative to revenue than 55% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2022

Net Margin

18th percentile

-13%

Higher net margin than 18% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

34th percentile

0.1%

Faster asset growth than 34% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2022

Revenue Growth

27th percentile

-3.9%

Faster revenue growth than 27% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2022

Assets

Down

$5,284,021

Down $2,095,485 (-28%) from 2023

Liabilities

Down

$686,080

Down $323,070 (-32%) from 2023

Net Assets

Down

$4,597,941

Down $1,772,415 (-28%) from 2023

Revenue

Up

$3,996,798

Up $143,023 (+3.7%) from 2023

Expenses

Up

$5,300,168

Up $38,044 (+0.7%) from 2023

Net Income

Up

-$1,303,370

Up $104,979 (+7.5%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0Assets 2012: $4,793,253Liabilities 2012: $132,392Net Assets 2012: $4,660,8612012Assets 2014: $5,907,010Liabilities 2014: $183,004Net Assets 2014: $5,724,0062014Assets 2015: $5,766,629Liabilities 2015: $198,553Net Assets 2015: $5,568,0762015Assets 2016: $6,326,711Liabilities 2016: $255,295Net Assets 2016: $6,071,4162016Assets 2017: $6,982,766Liabilities 2017: $480,162Net Assets 2017: $6,502,6042017Assets 2018: $6,554,646Liabilities 2018: $447,270Net Assets 2018: $6,107,3762018Assets 2019: $9,108,248Liabilities 2019: $274,365Net Assets 2019: $8,833,8832019Assets 2021: $10,250,816Liabilities 2021: $396,420Net Assets 2021: $9,854,3962021Assets 2022: $9,127,147Liabilities 2022: $727,009Net Assets 2022: $8,400,1382022Assets 2023: $7,379,506Liabilities 2023: $1,009,150Net Assets 2023: $6,370,3562023Assets 2024: $5,284,021Liabilities 2024: $686,080Net Assets 2024: $4,597,9412024

Highlighted filing

2024

Assets$5,284,021
Liabilities$686,080
Net Assets$4,597,941

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2012: $1,052,4752012Revenue 2014: $1,809,874Expenses 2014: $1,166,184Net Income 2014: $643,6902014Revenue 2015: $922,453Expenses 2015: $1,088,521Net Income 2015: -$166,0682015Revenue 2016: $1,236,343Expenses 2016: $1,036,910Net Income 2016: $199,4332016Revenue 2017: $1,246,712Expenses 2017: $1,511,507Net Income 2017: -$264,7952017Revenue 2018: $1,729,691Expenses 2018: $1,736,584Net Income 2018: -$6,8932018Revenue 2019: $4,259,729Expenses 2019: $2,509,316Net Income 2019: $1,750,4132019Revenue 2021: $2,780,506Expenses 2021: $2,705,605Net Income 2021: $74,9012021Revenue 2022: $3,775,493Expenses 2022: $4,248,343Net Income 2022: -$472,8502022Revenue 2023: $3,853,775Expenses 2023: $5,262,124Net Income 2023: -$1,408,3492023Revenue 2024: $3,996,798Expenses 2024: $5,300,168Net Income 2024: -$1,303,3702024

Highlighted filing

2024

Revenue$3,996,798
Expenses$5,300,168
Net Income-$1,303,370

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jun 1, 2023 to May 31, 2024
Signed
Apr 2, 2025
Return Version
2023v6.0
Gross Receipts
$8,314,610
Mission and Program Overview

Mission

We offer teachers free math enhancement materials for their classrooms. We provide insight for consumers to efficiently manage changing economic situations. We provide actuaries, researchers, and students the opportunity to benefit from awards and scholarships.

Changing lives through math education (see schedule o for the organization's full mission statement)

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$5,677,271$2,993,033▼ $2,684,238
Savings and Temporary Cash Investments$354,994$1,452,672▲ $1,097,678
Pledges and Grants Receivable$914,706$518,721▼ $395,985
Cash and Non-Interest-Bearing Accounts$255,453$186,837▼ $68,616
Prepaid Expenses and Deferred Charges$86,858$70,159▼ $16,699
Land, Buildings, and Equipment, Net$34,294$26,329▼ $7,965
Total Assets$7,379,506$5,284,021▼ $2,095,485
Other Assets Total$55,930$36,270▼ $19,660
Liabilities
Accounts Payable and Accrued Expenses$951,099$648,288▼ $302,811
Other Liabilities$58,051$37,792▼ $20,259
Total Liabilities$1,009,150$686,080▼ $323,070
Net Assets / Fund Balance
Net Assets With Donor Restrictions$3,029,467$2,784,589▼ $244,878
Net Assets Without Donor Restrictions$3,340,889$1,813,352▼ $1,527,537
Total Net Assets Fund Balance$6,370,356$4,597,941▼ $1,772,415
Total Liabilities and Net Assets / Fund Balance$7,379,506$5,284,021▼ $2,095,485

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$26,329$13,496$39,825
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jason LeppinPrior Executive Director-$220,385$24,625$245,010
Valerie ThompsonExecutive DirectorFT$135,440$16,681$152,121

Highest Paid Contractors

ContractorServicesLocationCompensation
Institute Of Competition SciencesMtfc And Scholastic Program Activities583 OAK PARK DRIVE, San Francisco, CA 94131$387,362
Niknack Marketing INCMarketing Consulting2211 N ELSTON AVE SUITE 208, Chicago, IL 60614$105,899
Revenue and Support

Revenue Composition

Contributions and Grants
$2,956,533
Program Service Revenue
$0
Investment Income
$1,082,379
Other Revenue
$-42,114
All Other Contributions
$2,391,166
Change in Net Assets
$-1,303,370

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,048,967
Revenue Not Reported on Financial Statements
$-52,169
Revenue Not Reported on Form 990
$-413,845
Other Revenue Adjustments
$-56,114
Total Revenue per Audited Statements
$3,635,122
Total Revenue per Form 990
$3,996,798
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,689,842
Other Expenses$1,763,257
Total Fundraising Expense$904,697
Grants and Similar Amounts Paid$847,069
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,172,399$170,784$385,778$1,728,961
Fees for Services Other$611,280$143,299$99,733$854,312
Grants to Domestic Individuals$840,569--$840,569
Other Employee Benefits$236,823$59,233$102,339$398,395
Current Officers, Directors, Trustees, and Key Employees$76,800$149,001$146,701$372,502
Payroll Taxes$112,935$28,910$48,139$189,984
Fees for Services Accounting-$142,961-$142,961
Advertising$5,647$75,663$52,561$133,871
Travel$46,058$13,285$4,298$63,641
Fees for Services Legal$2,688$32,941$14,133$49,762
Insurance-$37,921$6,070$43,991
Other Expenses$23,369$13,070$1,773$38,212
Depreciation Depletion-$34,881-$34,881
Office Expenses$6,702$10,807$16,028$33,537
Occupancy-$27,263-$27,263
All Other Expenses$7,532$2,212$15,093$24,837
Information Technology$4,281$2,614$8,473$15,368
Foreign Grants$6,500--$6,500
Fees for Service Investment Mgmnt Fees-$3,945-$3,945
Total Functional Expenses$3,238,983$1,156,488$904,697$5,300,168

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,407,537
Expenses per Audited Statements$5,352,337
Total Expenses per Form 990$5,300,168
Expenses Not Reported on Form 990$55,200
Expenses Not Reported on Financial Statements$-52,169
Other Expense Adjustments$-56,114
International Activity

International Summary

Offices
0
Employees
0
Spending
$0

International Compliance

Foreign grant records maintained
No
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$56,114
Fundraising Gross Income$14,000
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
SHAPIRO'S HEROES$305,886$12,000$35,893$-23,893
Virtual Gala$273,481$2,000-$2,000
Total Events$579,367$14,000$56,114$-42,114
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability - Finance$21,135
Lease Liability - Operating$16,657
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The secretary/treasurer reveiws 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.

Filing and Contact Details

Filer

Filer Name
The Actuarial Foundation
EIN
36-3968441
Phone
8477063535
Address
869 E SCHAUMBURG RD 321, SCHAUMBURG, IL 60194

Signing Officer

Name
Valerie Thompson
Title
Executive Director
Phone
8477063535
Signed
2025-04-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Valerie Thompson
Formed
1994
Legal Domicile
Il
Voting Board Members
30
Independent Board Members
30
Employees
41
Volunteers
540

Preparer

Firm
Cliftonlarsonallen Llp
Address
2021 SPRING ROAD SUITE 200, OAK BROOK, IL 60523
Preparer
Melissa Struck
Phone
6305738600
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Program - competition design: program service expenses 585,940. Management and general expenses 64,309. Fundraising expenses 4,000. Total expenses 654,249. Event services: program service expenses 9,183. Management and general expenses 28,625. Fundraising expenses 34,692. Total expenses 72,500. Recruiting and staffing: program service expenses 7,226. Management and general expenses 22,525. Fundraising expenses 27,300. Total expenses 57,051. Other professional fees: program service expenses 8,931. Management and general expenses 27,840. Fundraising expenses 33,741. Total expenses 70,512.

FORM 990, PART XII, LINE 2C:

The organization neither changed the oversight process or the selection process during the tax year.

Financial Statement Notes

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, 2024 and 2023, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the financial statements.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Fundraising direct expenses -56,114.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Direct fundraising expenses -56,114.

Raw XML AppendixShowing 400 of 809 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0EDUCATION - 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.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13SECRETARY TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt18TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt19TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt20TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt21CHAIR-ELECT
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IRS990/Form990PartVIISectionAGrp/TitleTxt25TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt26TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt27TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt28TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt29TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt30EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt31PRIOR EXECUTIVE DIRECTOR
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IRS990/MissionDesc0THE ACTUARIAL FOUNDATION, A 501(C)(3) ORGANIZATION, IS THE PHILANTHROPIC ORGANIZATION FOR THE ACTUARIAL INDUSTRY IN THE UNITED STATES. SINCE 1994, THE FOUNDATION HAS PROMOTED LIFELONG MATH EDUCATION AND FINANCIAL LITERACY THROUGH ITS LEARNING RESOURCES AND SCHOLARSHIPS. THE MISSION OF THE FOUNDATION IS TO ENHANCE MATH EDUCATION AND FINANCIAL LITERACY THROUGH THE TALENTS AND RESOURCES OF ACTUARIES. THE FOUNDATION'S VISION IS AN EDUCATED PUBLIC IN PURSUIT OF A SECURE FINANCIAL FUTURE.
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