Overview
What is Casualty Actuarial Society?
The Casualty Actuarial Society is a nonprofit organization based in Arlington, Virginia. Their primary focus is to expand the knowledge of actuarial science as it applies to general insurance, specifically property and casualty risks, as well as enterprise and systemic risks. By offering exams and educating students, those who pass can qualify for membership. The Society's mission includes setting and maintaining standards for membership, promoting high conduct and competence, increasing awareness of actuarial science, and contributing to society's well-being. The organization has a workforce of 50 employees.
Official website here: www.casact.org
What are the reviews and ratings of this charity?
The Casualty Actuarial Society is not currently rated by Charity Navigator. This absence of a rating does not imply good or bad performance, but merely reflects that the organization hasn’t been evaluated due to lacking necessary beacons like Accountability & Finance or Impact & Measurement. Furthermore, Charity Navigator's evaluations are limited to nonprofits that are registered under IRS 501(c)(3), which excludes certain organizations like this one from assessment.
Despite the absence of a comprehensive rating, Charity Navigator’s current methodology does not account for additional factors such as Leadership & Adaptability or Culture & Community for the Society, given its classification status. The nonprofit's historic ratings would have largely been based on what is now known as the Accountability and Finance score. However, without current data on revenue, expenses, or salary details, a complete insight into operational efficiency and financial transparency is unavailable.
There are no user reviews for the Casualty Actuarial Society on GreatNonprofits, limiting the potential for public feedback on its impact and community perception. Overall, without evaluative data, stakeholders may need to seek information through other channels to understand the Society's operations and contributions.
Is Casualty Actuarial Society legitimate?
Casualty Actuarial Society is a legitimate nonprofit organization registered as a 501(c)(6) entity. Casualty Actuarial Society submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $988,076
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,028,800
For more financial information, click here
Official website here: www.casact.org
What is the mission statement of Casualty Actuarial Society?
The Casualty Actuarial Society is committed to expanding the application of actuarial science in the field of general insurance, specifically for risks related to property, casualty, and similar exposures. They aim to advance the body of knowledge in this area and establish standards of qualification for membership. The organization strives to promote and maintain high standards of conduct and competence among its members. In addition, the Casualty Actuarial Society works to increase awareness of actuarial science and contributes to the well-being of society by applying actuarial expertise to various risks and contributing to the greater good.
Official website here: www.casact.org
Who is the CEO of Casualty Actuarial Society?
Victor R Carter-Bey is the Chief Executive Officer of Casualty Actuarial Society. The CEO's salary of Casualty Actuarial Society is $458,058 and their total compensation is $507,024.
Official website here: www.casact.org
What is the revenue of Casualty Actuarial Society?
Casualty Actuarial Society's revenue in 2022 was $16,083,017.
Official website here: www.casact.org
Who are the executives of Casualty Actuarial Society and what are their salaries?
The average compensation at Casualty Actuarial Society during 2022 was $120,338. There are 50 employees and 2968 volunteers at Casualty Actuarial Society.
Here are 31 key members and their salaries (Casualty Actuarial Society's CEO's salary is $458,058 and their total compensation is $507,024):
- Compensation: $458,058
- Related: $0
- Other: $48,966
- Compensation: $289,997
- Related: $0
- Other: $106,809
- Compensation: $270,831
- Related: $0
- Other: $87,436
- Compensation: $226,656
- Related: $0
- Other: $40,071
- Compensation: $177,737
- Related: $0
- Other: $31,527
- Compensation: $164,719
- Related: $0
- Other: $60,230
- Compensation: $125,835
- Related: $0
- Other: $37,002
- Compensation: $0
- Related: $0
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- Other: $0
- Compensation: $1,111
- Related: $0
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Official website here: www.casact.org
Where can I find the form 990 for Casualty Actuarial Society?
Casualty Actuarial Society's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.casact.org
Learn more at the official website: www.casact.org
Mission Statement of Casualty Actuarial Society
The Casualty Actuarial Society, a renowned organization, is committed to expanding the realm of actuarial science, particularly in the context of general insurance. Its mission is multifaceted, encompassing the advancement of knowledge surrounding actuarial science applied to property, casualty, and similar risk exposures. This scientific field is instrumental in assessing and managing uncertainty, enabling businesses and communities to mitigate potential financial losses.
Moreover, the Casualty Actuarial Society seeks to extend the application of actuarial science beyond traditional risk assessments. By focusing on enterprise risk and systemic risks, the organization aims to provide a more holistic approach to risk management. This approach allows organizations to anticipate and prepare for larger-scale risks that may impact their bottom line and broader societal structures.
The Casualty Actuarial Society places great importance on establishing and maintaining standards of qualification for membership. By setting rigorous requirements, the organization ensures that its members possess the necessary expertise and knowledge to contribute meaningfully to the field. Furthermore, the Society promotes and maintains high standards of conduct and competence, fostering a professional environment where collaboration and innovation can thrive.
To increase awareness of actuarial science and its applications, the Casualty Actuarial Society actively engages in various initiatives. These efforts include contributing to the well-being of society as a whole by providing insights and expertise to various industries and stakeholders. Through its mission, the Casualty Actuarial Society plays a crucial role in ensuring that the insurance industry remains responsive to the evolving risks that businesses and communities face.
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Impact
October, 2024
The Casualty Actuarial Society (CAS) significantly influences the field of actuarial science, particularly in general insurance. By advancing the body of knowledge regarding property, casualty, and similar risk exposures, the CAS enhances the industry's ability to understand and manage risks effectively.
In the fiscal year 2022, they sponsored 7,168 exams, providing aspiring actuaries with essential education on property casualty applications. This rigorous examination process not only equips students with the necessary expertise but also sets standards for qualification and professional conduct within the profession.
Furthermore, the CAS actively promotes the application of actuarial science to enterprise risk and systemic risks, broadening the scope of its relevance. Their commitment to maintaining high standards of competence and ethics is vital for fostering public trust in the actuarial profession. Overall, the CAS contributes to the well-being of society by enhancing risk management practices and increasing awareness of actuarial science, ultimately leading to safer, more secure insurance practices.
This information is meant to be a general summary of Casualty Actuarial Society. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,137,479
- Program Service Revenue: $14,930,364
- Gross Receipts: $26,621,526
Assets and Liabilities:
- Total Assets: $23,622,669
- Total Liabilities: $8,107,838
- Net Assets: $15,514,831
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$5,660,718
EXAM INCOME
Revenue
$4,867,455
MEETINGS REVENUE
Revenue
$4,245,269
ACTUARIAL REVIEW ADVERTISING
Revenue
$105,650
WEBSITE ADVERTISING
Revenue
$44,279
Organization Details
Founding Year
1969
Phone
(703) 276-3100Principal Officer
Victor R Carter-Bey
Main Address
4350 N FAIRFAX DRIVE 250, ARLINGTON, VA, 22203
Website
www.casact.orgNTEE Category
Code: Y20 - Mutual benefit
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