Overview
What is International Association Of Black Actuaries Inc?
The International Association of Black Actuaries Inc, based in Cleveland, Ohio, is a nonprofit organization that focuses on empowering Black high school and college students to pursue studies in actuarial science. They offer financial assistance, mentorship, and serve as role models to encourage participation in actuarial organizations. The association also organizes educational activities related to actuarial science, aiming to enhance the skills of Black actuaries in the community and motivate college students to pursue this field. As part of their mission, they conduct annual meetings and seminars, offering a platform for actuarial students to engage with industry professionals and recruiters in a casual setting. This year, their annual meeting attracted over 500 attendees. The organization comprises a small team of just two dedicated individuals.
Official website here: www.blackactuaries.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%, Four-Star out of Four Star rating
The International Association of Black Actuaries Inc has received a perfect score of 100%, reflecting its exceptional performance in accountability and finance. This outstanding rating is based entirely on a single beacon score, highlighting the organization’s strong focus on maintaining transparency and fiscal responsibility. Their achievements in having a fully independent board, complete financial oversight, and excellent document retention policies further emphasize their commitment to ethical governance.
The organization demonstrates a high level of financial health with a low liabilities-to-assets ratio of 0.90%, indicating strong asset management. Additionally, they allocate 88.70% of their expenses directly to program services, showcasing their dedication to fulfilling their mission and maximizing the impact of their resources. This suggests that the majority of their funding is directed toward initiatives that benefit the community they serve.
While the data highlights many strengths, such as robust oversight and independent governance, specific program details or outcomes are not provided in this summary. Nevertheless, the high marks in various accountability metrics position the International Association of Black Actuaries Inc as a trustworthy organization focused on effective operations and community impact.
This AI summary has been generated from information found on Charity Navigator.
Is International Association Of Black Actuaries Inc legitimate?
International Association Of Black Actuaries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. International Association Of Black Actuaries Inc 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: $126,475
Professional Fundraising Fees: $0
Other Salaries and Wages: $50,999
For more financial information, click here
Official website here: www.blackactuaries.org
What is the mission statement of International Association Of Black Actuaries Inc?
The International Association of Black Actuaries Inc is an organization that is committed to establishing and providing financial assistance, mentors, and role models for Black high school and college students pursuing studies in actuarial science. Its mission extends to encouraging participation of its members in activities of actuarial organizations. In addition to this, the association develops educational activities related to actuarial science aimed at improving the skills of Black actuaries in the community and encouraging college students to pursue studies in actuarial science. The organization conducts annual meetings and seminars, offering educational seminars to its membership to enhance both technical and professional skills. These events also provide an opportunity for actuarial students to interact with industry professionals and recruiters in a casual and intimate environment.
Official website here: www.blackactuaries.org
Who is the CEO of International Association Of Black Actuaries Inc?
Edson Edwards is the Director of International Association Of Black Actuaries Inc.
Official website here: www.blackactuaries.org
What is the revenue of International Association Of Black Actuaries Inc?
International Association Of Black Actuaries Inc's revenue in 2022 was $1,451,479.
Official website here: www.blackactuaries.org
Who are the executives of International Association Of Black Actuaries Inc and what are their salaries?
The average compensation at International Association Of Black Actuaries Inc during 2022 was $88,737. There are 2 employees and 75 volunteers at International Association Of Black Actuaries Inc.
Here are 12 key members and their salaries:
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- Compensation: $86,430
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Official website here: www.blackactuaries.org
Where can I find the form 990 for International Association Of Black Actuaries Inc?
International Association Of Black Actuaries Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.blackactuaries.org
Learn more at the official website: www.blackactuaries.org
Mission Statement of International Association Of Black Actuaries Inc
The International Association of Black Actuaries Inc is an organization with a mission to establish and provide financial assistance, mentors, and role models for Black high school and college students pursuing studies in actuarial science. Their objective is to encourage participation of its members in actuarial organizations. In addition to this, the association develops educational activities related to actuarial science designed to improve the skills of Black actuaries in the community and encourage college students to pursue studies in actuarial science. This is achieved through annual meetings and seminars, providing educational seminars to the membership, improving both technical and professional skills, and offering a casual and intimate environment for actuarial students to interact with industry professionals and recruiters. These events, such as the annual meeting, attract a large number of attendees, with over 500 individuals participating in this year's event.
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Impact
October, 2024
The International Association of Black Actuaries Inc. (IABA) significantly impacts the actuarial profession by fostering diversity and providing critical resources for Black students and professionals in the field. It establishes financial assistance, mentorship, and role models for Black high school and college students, encouraging their pursuit of actuarial science.
Through its annual meetings and educational seminars, IABA enhances both the technical and professional skills of its members, creating a platform for actuarial students to engage with industry professionals and recruiters. The 500+ attendees at recent events highlight the strong community and networking opportunities available. By developing educational activities tailored to the needs of Black actuaries, IABA not only improves skills within the community but also works to increase the participation of its members in broader actuarial organizations, ultimately striving for greater representation and inclusion in the field.
This information is meant to be a general summary of International Association Of Black Actuaries Inc. 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: $11,417
- Program Service Revenue: $88,985
- Gross Receipts: $1,451,479
Assets and Liabilities:
- Total Assets: $2,280,711
- Total Liabilities: $20,683
- Net Assets: $2,260,028
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ANNUAL MEETING
Revenue
$44,485
MEMBERSHIP DUES
Revenue
$29,240
MISCELLANEOUS
Revenue
$15,260
Organization Details
Founding Year
1999
Phone
(267) 209-0707Principal Officer
Edson Edwards
Main Address
PO BOX 24245, CLEVELAND, OH, 44124
Website
www.blackactuaries.orgNTEE Category
Code: S80 - Community improvement
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