Overview
What is Society Of Actuaries?
The Society of Actuaries (SOA) is a prominent membership organization with over 33,000 actuaries worldwide, making it the largest professional association in the actuarial field. Based in Schaumburg, Illinois, the SOA is dedicated to providing rigorous and comprehensive education and testing to its members as they pursue their credentials. Actuaries who earn SOA-granted credentials are equipped to offer vital expertise and advice on risk management and financial security matters. Their areas of expertise include creating pension plans for businesses and public entities, consulting on building secure health and life insurance systems, and providing risk management advice to various commercial organizations on an enterprise-wide scale. Through education and research, the SOA empowers actuaries to lead in measuring and managing risk to improve financial outcomes for individuals, organizations, and the public.
Official website here: www.soa.org
What are the reviews and ratings of this charity?
The Society Of Actuaries does not have a current rating from Charity Navigator due to its status as a non-501(c)(3) nonprofit. Charity Navigator evaluates and rates only organizations that are registered under this specific IRS code. As a result, key metrics such as Accountability & Finance, Impact & Measurement, and others are not available for the Society Of Actuaries.
Historically, Charity Navigator has evaluated organizations based on accountability and financial practices; however, this methodology does not apply here. The absence of a rating should not be interpreted as a negative or positive reflection of the organization. Instead, it highlights the limitations in evaluating its practices by Charity Navigator's standards.
Furthermore, no user reviews are available on GreatNonprofits for additional insights into constituent opinions or experiences with the Society Of Actuaries. This lack of public feedback means possible strengths and weaknesses in its operations cannot be gauged through personal testimonials.
This AI summary has been generated from information found on Charity Navigator.
Is Society Of Actuaries legitimate?
Society Of Actuaries is a legitimate nonprofit organization registered as a 501(c)(6) entity. Society Of Actuaries 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: $3,478,220
Professional Fundraising Fees: $0
Other Salaries and Wages: $11,697,148
For more financial information, click here
Official website here: www.soa.org
What is the mission statement of Society Of Actuaries?
The Society of Actuaries (SOA) is a global membership organization with over 33,000 members, making it the largest professional association of actuaries in the world. Through education and research, the SOA advances actuaries as leading experts in measuring and managing risk to enhance financial outcomes for individuals, organizations, and the public. Actuaries who earn their credentials from the SOA receive rigorous and comprehensive education and testing, enabling them to provide essential expertise and guidance on a range of risk management and financial security issues. These professionals are well-equipped to develop pension plans for businesses and public entities, consult on building secure health and life insurance systems, and offer enterprise-wide risk management advice to various commercial organizations.
Official website here: www.soa.org
Who is the CEO of Society Of Actuaries?
Gregory Heidrich is the President & Chair of Society Of Actuaries. The CEO's salary of Society Of Actuaries is $0 and their total compensation is $188,027.
Official website here: www.soa.org
What is the revenue of Society Of Actuaries?
Society Of Actuaries's revenue in 2022 was $57,871,223.
Official website here: www.soa.org
Who are the executives of Society Of Actuaries and what are their salaries?
There 3079 volunteers at Society Of Actuaries.
Here are 39 key members and their salaries (Society Of Actuaries's CEO's salary is $0 and their total compensation is $188,027):
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- Related: $713,016
- Other: $85,558
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- Related: $277,753
- Other: $39,515
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- Related: $160,909
- Other: $27,118
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- Related: $400,261
- Other: $75,718
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- Related: $389,112
- Other: $74,468
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- Related: $294,004
- Other: $65,040
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- Related: $300,333
- Other: $54,593
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- Related: $268,269
- Other: $62,152
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- Related: $241,438
- Other: $58,922
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- Related: $165,882
- Other: $9,506
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- Related: $273,098
- Other: $64,919
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- Related: $270,606
- Other: $40,434
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- Related: $262,177
- Other: $40,081
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- Related: $228,869
- Other: $46,161
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- Related: $181,834
- Other: $42,130
- Compensation: $0
- Related: $157,150
- Other: $2,321
Official website here: www.soa.org
Where can I find the form 990 for Society Of Actuaries?
Society Of Actuaries'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
The Society of Actuaries, a leading professional association of actuaries with over 33,000 members worldwide, is dedicated to advancing actuaries as experts in measuring and managing risk to enhance financial outcomes for individuals, organizations, and the public. Through education and research, they empower actuaries to take on pivotal roles in assessing and mitigating various risks.
Actuaries, credentialed by the Society of Actuaries, are well-equipped to consult on an array of risk management and financial security issues. Their expertise spans from designing pension plans for businesses and public entities to offering risk management advice on an enterprise-wide level for various commercial organizations. Actuaries play a vital role in shaping securities for health and life insurance systems, among numerous other domains. The Society of Actuaries' commitment to rigorous and comprehensive education and testing ensures that its members possess essential skills and knowledge, enabling them to deliver invaluable insights and guidance.
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Impact
October, 2024
The Society of Actuaries (SOA) significantly influences the field of risk management and financial security through its comprehensive education and research initiatives. With over 33,000 members worldwide, it stands as the largest professional association of actuaries, empowering its members to become leaders in measuring and managing risk.
By providing rigorous testing and credentialing processes, the SOA equips actuaries with the skills necessary to offer invaluable expertise in a range of areas, including pension plan development, health and life insurance systems, and enterprise-wide risk management. This expertise directly improves financial outcomes for individuals, organizations, and the public at large, fostering secure financial environments and contributing to the overall stability of financial systems.
Through its focus on education and research, the SOA not only elevates the role of actuaries but also advances the profession’s relevance in addressing contemporary financial challenges, ultimately promoting community improvement and resilience.
This information is meant to be a general summary of Society Of Actuaries. 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: -$720,630
- Program Service Revenue: $58,566,216
- Gross Receipts: $68,973,135
Assets and Liabilities:
- Total Assets: $55,669,599
- Total Liabilities: $30,349,649
- Net Assets: $25,319,950
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EDUCATION AND EXAM FEES
Revenue
$33,598,853
MEMBERSHIP DUES
Revenue
$19,238,748
PROFESSIONAL DEVELOPMENT FEES
Revenue
$5,634,071
ADVERTISING
Revenue
$80,865
OTHER PROGRAM REVENUE
Revenue
$13,679
Organization Details
Founding Year
2020
Phone
(847) 706-3500Principal Officer
Gregory Heidrich
Main Address
475 N MARTINGALE ROAD 600, SCHAUMBURG, IL, 60173
Website
www.soa.orgNTEE Category
Code: S41 - Community improvement
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