THE ACTUARIAL FOUNDATION

EIN: 363968441 501(c)(3) Education

SCHAUMBURG, IL

Total Revenue
$3,232,923
Total Expenses
$4,551,413
Total Assets
$3,814,321
Net Assets
$3,482,130
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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
IL
Principal Officer
VALERIE THOMPSON
Phone
8477063535
Tax Period
2024-06-01 to 2025-05-31

THE ACTUARIAL FOUNDATION, founded in 1994, is a community nonprofit in the Education sector that reported $3.2M in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. Expenses of $4.6M exceeded revenue, resulting in a 41% operating deficit.

Mission

THE ACTUARIAL FOUNDATION, A 501(C)(3) ORGANIZATION, IS A PHILANTHROPIC PARTNER OF THE ACTUARIAL PROFESSIONIN THE UNITED STATES. SINCE 1994, THE FOUNDATION HAS LED THE WAY TO CREATE QUALITY MATH EDUCATION INITIATIVES FOR STUDENTS, TEACHERS, AND FAMILIES. OUR MISSION IS TO UNLEASH THE POWER OF MATH EDUCATION AND TRANSFORM FUTURES BY LEVERAGING THE TALENTS AND RESOURCES OF THE ACTUARIAL COMMUNITY. OUR VISION IS A FUTURE WHERE EVERYONE EXPERIENCES CONFIDENCE AND OPPORTUNITIES AVAILABLE THROUGH MATH PROFICIENCY.

Program Service Accomplishments

Program 1
Expenses: $1,642,789

EDUCATION - 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...

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EDUCATION - 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.

Program 2
Expenses: $1,152,044

THE ACTUARIAL FOUNDATION SUPPORTS AND INSPIRES THE NEXT GENERATION OF ACTUARIAL PROFESSIONALS THROUGH THE STEM STARS ACTUARIAL SCHOLARS PROGRAM. STEM STARS GOES BEYOND SCHOLARSHIPS BY CREATING A...

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THE ACTUARIAL FOUNDATION SUPPORTS AND INSPIRES THE NEXT GENERATION OF ACTUARIAL PROFESSIONALS THROUGH THE STEM STARS ACTUARIAL SCHOLARS PROGRAM. STEM STARS GOES BEYOND SCHOLARSHIPS BY CREATING A GUIDED PATHWAY INTO THE ACTUARIAL PROFESSION OFFERING MENTORSHIP, NETWORKING OPPORTUNITIES, AND EXPOSURE TO REAL-WORLD APPLICATIONS OF ACTUARIAL WORK. THROUGH THIS HOLISTIC SUPPORT SYSTEM, STEM STARS EQUIPS SCHOLARS WITH THE SKILLS, CONNECTIONS, AND CONFIDENCE NEEDED TO SUCCESSFULLY ENTER AND THRIVE IN THE ACTUARIAL FIELD.

Program 3
Expenses: $194,776

AWARDS & PRIZES - THE ACTUARIAL FOUNDATION CONFERS AWARDS AND PRIZES THROUGH SEVERAL PROGRAMS THAT RECOGNIZE EXCELLENCE IN EDUCATION, STUDENT ACHIEVEMENT, AND PUBLIC ENGAGEMENT. THE HELEN GALT...

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AWARDS & PRIZES - THE ACTUARIAL FOUNDATION CONFERS AWARDS AND PRIZES THROUGH SEVERAL PROGRAMS THAT RECOGNIZE EXCELLENCE IN EDUCATION, STUDENT ACHIEVEMENT, AND PUBLIC ENGAGEMENT. THE HELEN GALT EDUCATOR AWARD HONORS TEACHERS WHO SUPPORT AND INSPIRE STUDENT PARTICIPATION IN THE MODELING THE FUTURE CHALLENGE, ENCOURAGING BROADER ENGAGEMENT IN THE COMPETITION. THROUGH THE HARDEST MATH PROBLEM STUDENT CONTEST, STUDENTS RECEIVE PRIZES INCLUDING LAPTOPS AND 529 COLLEGE SAVINGS CONTRIBUTIONS. THESE PRIZES HELP BUILD CONFIDENCE IN MATHEMATICS, INCENTIVIZE STUDENTS TO PARTICIPATE, AND INSPIRE INTEREST IN STEM AND ACTUARIAL CAREERS. THE CLIMATE RESILIENCE AWARD, PART OF THE MODELING THE FUTURE CHALLENGE, PROVIDES STIPENDS TO STUDENT WINNERS TO SUPPORT A 10-WEEK, PART-TIME SUMMER INTERNSHIP ENABLING THEM TO TRANSLATE THEIR MATHEMATICAL MODELS INTO PRACTICAL, COMMUNITY-BASED SOLUTIONS. THE WYNN KENT PUBLIC COMMUNICATION AWARD RECOGNIZES ACTUARIES WHO ENHANCE PUBLIC AWARENESS OF THE PROFESSION AND ITS ROLE IN PROMOTING FINANCIAL SECURITY ACROSS LIFE, HEALTH, CASUALTY, PENSION, AND RELATED FIELDS.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,059,860
Program Service Revenue $0
Investment Income $130,913
Other Revenue $42,150
TOTAL REVENUE $3,232,923

Expense Breakdown

Grants Paid $1,233,880
Salaries & Benefits $2,015,776
Fundraising Expenses $763,005
Program Expenses $2,994,641
Other Expenses $1,301,757
TOTAL EXPENSES $4,551,413

Year-over-Year Comparison

2024 2023 Change
Revenue $3,232,923 $3,996,798 -0.2%
Expenses $4,551,413 $5,300,168 -0.1%
Net Income $-1,318,490 $-1,303,370 +0.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
30
Independent Members
30
Employees
30
Volunteers
473

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$255,702
Total Directors
29
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHARON ROBINSON CHAIR 1.00
Officer Director
$0 $0 $0
KELLY CUSICK CHAIR-ELECT 1.00
Officer Director
$0 $0 $0
ANAND KHARE SECRETARY TREASURER 1.00
Officer Director
$0 $0 $0
ANDY FERRIS IMMEDIATE PAST CHAIR 1.00
Director
$0 $0 $0
STEVEN A ESENSTEIN TRUSTEE 1.00
Director
$0 $0 $0
JEREMY ENGDAHL-JOHNSON TRUSTEE 1.00
Director
$0 $0 $0
EMILY GINGRICH TRUSTEE 1.00
Director
$0 $0 $0
LELA PATRIK TRUSTEE 1.00
Director
$0 $0 $0
STEVE ROMINSKE TRUSTEE 1.00
Director
$0 $0 $0
STEWART ASHKENAZY TRUSTEE 1.00
Director
$0 $0 $0
NORA BENANTI TRUSTEE 1.00
Director
$0 $0 $0
ERIC CLAPPROOD TRUSTEE 1.00
Director
$0 $0 $0
ALEXANDER D DEWITT TRUSTEE 1.00
Director
$0 $0 $0
CYNTHIA EDWALDS TRUSTEE 1.00
Director
$0 $0 $0
OLGA T JACOBS TRUSTEE 1.00
Director
$0 $0 $0
BARRY JACOBSEN TRUSTEE 1.00
Director
$0 $0 $0
RICHARD JONES TRUSTEE 1.00
Director
$0 $0 $0
TRAVIS LAPPE TRUSTEE 1.00
Director
$0 $0 $0
TED A LYLE TRUSTEE 1.00
Director
$0 $0 $0
KASSIE MARONEY TRUSTEE 1.00
Director
$0 $0 $0
JERRY MINGIONE TRUSTEE 1.00
Director
$0 $0 $0
ALEJANDRA NOLIBOS TRUSTEE 1.00
Director
$0 $0 $0
FELIX OKWANING TRUSTEE 1.00
Director
$0 $0 $0
CANDE OLSEN TRUSTEE 1.00
Director
$0 $0 $0
NADINE ORLOFF TRUSTEE 1.00
Director
$0 $0 $0
ERIC C SHERMAN TRUSTEE 1.00
Director
$0 $0 $0
RICHARD VEYS TRUSTEE 1.00
Director
$0 $0 $0
STEVE WHITE TRUSTEE 1.00
Director
$0 $0 $0
CHAD WISCHMEYER TRUSTEE 1.00
Director
$0 $0 $0
VALERIE THOMPSON EXECUTIVE DIRECTOR 40.00
Officer
$240,250 $15,452 $255,702
MICHAEL MARION DIRECTOR OF DEVELOPMENT 40.00
Highest
$117,685 $7,330 $125,015
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $3,232,923 $4,551,413 $3,814,321 $-1,318,490
2024 $3,996,798 $5,300,168 $5,284,021 $-1,303,370
2023 $3,853,775 $5,262,124 $7,379,506 $-1,408,349
2022 $3,775,493 $4,248,343 $9,127,147 $-472,850
2021 $2,780,506 $2,705,605 $10,250,816 $74,901
2019 $4,259,729 $2,509,316 $9,108,248 $1,750,413
2018 $1,729,691 $1,736,584 $6,554,646 $-6,893
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