Overview
What is Society Of Actuaries Research Institute?
The Society of Actuaries Research Institute, located in Schaumburg, Illinois, serves a crucial public role by contributing significantly to the field of actuarial science. Its research focus spans various domains, such as aging and retirement, actuarial innovation and technology, mortality and longevity, diversity, equity, and inclusion, health care cost trends, and catastrophe and climate. As a leading provider of experience studies, the institute plays a vital role in shaping financially secure insurance systems. The Society of Actuaries Research Institute also emphasizes the expertise and thought leadership of actuaries, offering valuable insights to members, businesses, and the public on socially relevant topics. With a dedicated workforce of 227 individuals, the institute serves as the research arm of the Society of Actuaries, bridging traditional practices with forward-thinking approaches to tackle societal challenges and business needs.
Official website here: www.soa.org
Is Society Of Actuaries Research Institute legitimate?
Society Of Actuaries Research Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. Society Of Actuaries Research Institute 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: $439,498
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,941,256
For more financial information, click here
Official website here: www.soa.org
What is the mission statement of Society Of Actuaries Research Institute?
The Society of Actuaries Research Institute serves as the research arm of the Society of Actuaries, providing objective, data-driven research. Its mission is to bring together established practices and future-focused approaches to address societal challenges and business needs. The institute emphasizes the skillset and thought leadership of actuaries, offering insights to various stakeholders, including members, businesses, and the public, on socially relevant topics. It contributes significantly to the field of actuarial science by conducting leading-edge research on various topics such as aging and retirement, actuarial innovation and technology, mortality and longevity, diversity, equity, and inclusion, healthcare cost trends, and catastrophe and climate. The Society of Actuaries Research Institute is also the leading provider of experience studies, widely used by actuaries to develop financially secure insurance systems. Many outputs of its research are referenced by policymakers for valuable background and insight as they develop legislation to meet public needs.
Official website here: www.soa.org
Who is the CEO of Society Of Actuaries Research Institute?
Gregory Heidrich is the President & Chair of Society Of Actuaries Research Institute. The CEO's salary of Society Of Actuaries Research Institute is $160,909 and their total compensation is $188,027.
Official website here: www.soa.org
What is the revenue of Society Of Actuaries Research Institute?
Society Of Actuaries Research Institute's revenue in 2022 was -$117,528.
Official website here: www.soa.org
Who are the executives of Society Of Actuaries Research Institute and what are their salaries?
The average compensation at Society Of Actuaries Research Institute during 2022 was $14,893. There are 227 employees and 1350 volunteers at Society Of Actuaries Research Institute.
Here are 39 key members and their salaries (Society Of Actuaries Research Institute's CEO's salary is $160,909 and their total compensation is $188,027):
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- Compensation: $160,909
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- Compensation: $165,882
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- Compensation: $157,150
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- Other: $2,321
Official website here: www.soa.org
Where can I find the form 990 for Society Of Actuaries Research Institute?
Society Of Actuaries Research Institute's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.soa.org
Learn more at the official website: www.soa.org
Mission Statement of Society Of Actuaries Research Institute
The Society of Actuaries Research Institute serves as a crucial research arm, emphasizing the skillset and thought leadership of actuaries. Its mission is to provide insights to members, businesses, other stakeholders, and the public on socially relevant topics. By bringing together tried and true practices and future-focused approaches, the institute addresses societal challenges and business needs in various areas of actuarial science.
The Society of Actuaries Research Institute plays an essential public and societal role by contributing to the body of knowledge in fields like aging and retirement, actuarial innovation and technology, mortality and longevity, diversity, equity, and inclusion, healthcare cost trends, and catastrophe and climate. The institute is widely recognized as the leading provider of experience studies, which are instrumental in developing financially secure insurance systems for actuaries. Many outputs of the institute's research are also referenced by policymakers, providing valuable background and insight as they develop legislation to meet public needs in relevant areas.
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Impact
October, 2024
The Society Of Actuaries Research Institute (SOA RI) plays a critical role in advancing the field of actuarial science by emphasizing the skillset and thought leadership of actuaries. It provides valuable insights on socially relevant topics that impact not only its members but also businesses, various stakeholders, and the public.
SOA RI contributes significantly to the body of knowledge in areas such as aging and retirement, actuarial innovation and technology, mortality and longevity, diversity, equity, and inclusion, healthcare cost trends, and catastrophe and climate issues. This research aids actuaries in developing financially secure insurance systems through extensive experience studies that serve as vital resources for the profession.
Moreover, the outputs of SOA RI research are frequently referenced by policymakers, offering crucial background and insights necessary for informed decision-making and the development of legislation that addresses public needs. By serving as the research arm of the Society of Actuaries, SOA RI delivers objective, data-driven research that aligns established practices with innovative, forward-thinking approaches to address pressing societal challenges and business demands.
This information is meant to be a general summary of Society Of Actuaries Research Institute. 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: -$508,686
- Program Service Revenue: $3,650
- Gross Receipts: $25,208,469
Assets and Liabilities:
- Total Assets: $47,336,513
- Total Liabilities: $5,881,051
- Net Assets: $41,455,462
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OTHER PROGRAM REVENUE
Revenue
$3,650
Organization Details
Founding Year
1948
Phone
(847) 706-3500Principal Officer
Gregory Heidrich
Main Address
475 N MARTINGALE ROAD 600, SCHAUMBURG, IL, 601732252
Website
www.soa.orgNTEE Category
Code: Y03 - Mutual benefit
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