Nonprofit · EIN 36-3968441
ACTUARIAL FOUNDATION
Tax-exempt · SCHAUMBURG, IL 60194
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990 | $3,232,923 | $4,551,413 | -$1,318,490 | $3,814,321 | $332,191 | $3,482,130 |
| May 31, 2024 | 990 | $3,996,798 | $5,300,168 | -$1,303,370 | $5,284,021 | $686,080 | $4,597,941 |
| May 31, 2023 | 990 | $3,853,775 | $5,262,124 | -$1,408,349 | $7,379,506 | $1,009,150 | $6,370,356 |
Financial details: 990 for the year ended May 31, 2025
Revenue
- Contributions, gifts and grants
- $3,059,860
- Program service revenue
- $0
- Investment income
- $130,913
- Net gain from sales of assets
- $274
- Other revenue
- $42,150
Expenses
- Grants and similar amounts paid
- $1,233,880
- Compensation of officers, directors and key employees
- $272,327
- Other salaries and wages
- $1,340,747
- Salaries, compensation and benefits (total)
- $2,015,776
- Professional fundraising fees
- $0
- Legal fees
- $30,068
- Accounting fees
- $108,424
- Occupancy
- $14,529
- Travel
- $88,822
- Depreciation
- $34,881
- Program services (functional)
- $2,994,641
- Management and general (functional)
- $793,767
- Fundraising (functional)
- $763,005
Balance sheet and other
- Total assets, start of year
- $5,284,021
- Total assets, end of year
- $3,814,321
- Total liabilities, end of year
- $332,191
- Net assets, end of year
- $3,482,130
- Land, buildings and equipment
- $18,364
- Net assets without donor restrictions
- $2,215,686
- Net assets with donor restrictions
- $1,266,444
- Gross receipts
- $9,204,756
- Employees
- 30
- Volunteers
- 473
- Year formed
- 1994
- State of legal domicile
- IL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended May 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| VALERIE THOMPSON | EXECUTIVE DIRECTOR Officer | 40 | $240,250 | $15,452 |
| MICHAEL MARION | DIRECTOR OF DEVELOPMENT Highest-paid employee | 40 | $117,685 | $7,330 |
| SHARON ROBINSON | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| KELLY CUSICK | CHAIR-ELECT Trustee or director, Officer | 1 | $0 | $0 |
| ANAND KHARE | SECRETARY TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| ANDY FERRIS | IMMEDIATE PAST CHAIR Trustee or director | 1 | $0 | $0 |
| STEVEN A ESENSTEIN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JEREMY ENGDAHL-JOHNSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| EMILY GINGRICH | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LELA PATRIK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| STEVE ROMINSKE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| STEWART ASHKENAZY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| NORA BENANTI | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ERIC CLAPPROOD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ALEXANDER D DEWITT | TRUSTEE Trustee or director | 1 | $0 | $0 |
16 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CYNTHIA EDWALDS | TRUSTEE Trustee or director | 1 | $0 |
| OLGA T JACOBS | TRUSTEE Trustee or director | 1 | $0 |
| BARRY JACOBSEN | TRUSTEE Trustee or director | 1 | $0 |
| RICHARD JONES | TRUSTEE Trustee or director | 1 | $0 |
| TRAVIS LAPPE | TRUSTEE Trustee or director | 1 | $0 |
| TED A LYLE | TRUSTEE Trustee or director | 1 | $0 |
| KASSIE MARONEY | TRUSTEE Trustee or director | 1 | $0 |
| JERRY MINGIONE | TRUSTEE Trustee or director | 1 | $0 |
| ALEJANDRA NOLIBOS | TRUSTEE Trustee or director | 1 | $0 |
| FELIX OKWANING | TRUSTEE Trustee or director | 1 | $0 |
| CANDE OLSEN | TRUSTEE Trustee or director | 1 | $0 |
| NADINE ORLOFF | TRUSTEE Trustee or director | 1 | $0 |
| ERIC C SHERMAN | TRUSTEE Trustee or director | 1 | $0 |
| RICHARD VEYS | TRUSTEE Trustee or director | 1 | $0 |
| STEVE WHITE | TRUSTEE Trustee or director | 1 | $0 |
| CHAD WISCHMEYER | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended May 31, 2024: 32 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JASON LEPPIN | PRIOR EXECUTIVE DIRECTOR Officer | 1 | $230,635 | $14,375 |
| VALERIE THOMPSON | EXECUTIVE DIRECTOR Officer | 40 | $145,690 | $6,431 |
| NORA BENANTI | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CRAIG BUCK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ANDIE CHRISTOPHERSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KELLY CUSICK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ALEXANDER DEWITT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CYNTHIA EDWALDS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| STEVE EISENSTEIN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JEREMY ENGDAHL-JOHNSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ANDY FERRIS | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| EMILY GINGRICH | TRUSTEE Trustee or director | 1 | $0 | $0 |
| OLGA JACOBS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JEFFREY JOHNSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RICHARD JONES | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ANAND KHARE | SECRETARY TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| TRAVIS LAPPE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TED LYLE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KASSIE MARONEY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JERRY MINGIONE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CANDE OLSEN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| NADINE ORLOFF | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LELA PATRIK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SHARON ROBINSON | CHAIR-ELECT Trustee or director, Officer | 1 | $0 | $0 |
| STEVE ROMINSKE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ELIZABETH SANDER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ERIC SHERMAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOANNE SPALLA | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RICHARD VEYS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| STEVE WHITE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CHAD WISCHMEYER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| STEWART ASHKENAZY | TRUSTEE Trustee or director | 1 | $0 | $0 |
990 for the year ended May 31, 2023: 31 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NORA BENANTI | TRUSTEE Trustee or director | 1 | $0 |
| CRAIG BUCK | TRUSTEE Trustee or director | 1 | $0 |
| ANDIE CHRISTOPHERSON | TRUSTEE Trustee or director | 1 | $0 |
| KELLY CUSICK | TRUSTEE Trustee or director | 1 | $0 |
| ALEXANDER DEWITT | TRUSTEE Trustee or director | 1 | $0 |
| CYNTHIA EDWALDS | TRUSTEE Trustee or director | 1 | $0 |
| STEVE EISENSTEIN | TRUSTEE Trustee or director | 1 | $0 |
| JEREMY ENGDAHL-JOHNSON | TRUSTEE Trustee or director | 1 | $0 |
| ANDY FERRIS | CHAIR Trustee or director, Officer | 1 | $0 |
| EMILY GINGRICH | TRUSTEE Trustee or director | 1 | $0 |
| MELISSA HOLLIS | TRUSTEE Trustee or director | 1 | $0 |
| OLGA JACOBS | TRUSTEE Trustee or director | 1 | $0 |
| JEFFREY JOHNSON | TRUSTEE Trustee or director | 1 | $0 |
| RICHARD JONES | TRUSTEE Trustee or director | 1 | $0 |
| ANAND KHARE | SECRETARY TREASURER Trustee or director, Officer | 1 | $0 |
| TRAVIS LAPPE | TRUSTEE Trustee or director | 1 | $0 |
| TED LYLE | TRUSTEE Trustee or director | 1 | $0 |
| KASSIE MARONEY | TRUSTEE Trustee or director | 1 | $0 |
| JERRY MINGIONE | TRUSTEE Trustee or director | 1 | $0 |
| CANDE OLSEN | TRUSTEE Trustee or director | 1 | $0 |
| NADINE ORLOFF | TRUSTEE Trustee or director | 1 | $0 |
| LELA PATRIK | TRUSTEE Trustee or director | 1 | $0 |
| SHARON ROBINSON | CHAIR-ELECT Trustee or director, Officer | 1 | $0 |
| STEVE ROMINSKE | TRUSTEE Trustee or director | 1 | $0 |
| ELIZABETH SANDER | TRUSTEE Trustee or director | 1 | $0 |
| ERIC SHERMAN | TRUSTEE Trustee or director | 1 | $0 |
| JOANNE SPALLA | TRUSTEE Trustee or director | 1 | $0 |
| RICHARD VEYS | TRUSTEE Trustee or director | 1 | $0 |
| STEVE WHITE | TRUSTEE Trustee or director | 1 | $0 |
| CHAD WISCHMEYER | TRUSTEE Trustee or director | 1 | $0 |
| JASON LEPPIN | EXECUTIVE DIRECTOR Officer | 40 | $0 |
Address and contacts
- Address (IRS master file)
- 869 E SCHAUMBURG RD 321, SCHAUMBURG, IL 60194-3654
- In care of
- % VALERIE THOMPSON
- Principal officer (990 for 2024)
- VALERIE THOMPSON, 869 E SCHAUMBURG RD 321, SCHAUMBURG, IL 60194
- Signed the 990
- VALERIE THOMPSON, EXECUTIVE DIRECTOR
- Phone
- (847) 706-3535
- Website
- WWW.ACTUARIALFOUNDATION.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
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 accomplishments
- 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.Expenses $1,642,789 · grants $101,367
- 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.Expenses $1,152,044 · grants $1,094,357
- 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.Expenses $194,776 · grants $38,155
- GENERAL PROGRAM EXPENSES.Expenses $5,032
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | Not on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990 on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990 on file |
IRS record
- EIN
- 36-3968441
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1995
- Accounting year ends
- May
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B03)
- Assets (IRS master file)
- $3,814,321
- Income (IRS master file)
- $9,204,756
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | May 2025 | $3,232,923 | $4,551,413 | $3,814,321 | XML |
| 990 | May 2024 | $3,996,798 | $5,300,168 | $5,284,021 | XML |
| 990 | May 2023 | $3,853,775 | $5,262,124 | $7,379,506 | XML |
| 990 | May 2022 | $3,775,493 | $4,248,343 | $9,127,147 | IRS |
| 990 | May 2021 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 36-3968441).
Questions about ACTUARIAL FOUNDATION
- What is the EIN of ACTUARIAL FOUNDATION?
- The employer identification number (EIN) of ACTUARIAL FOUNDATION is 36-3968441.
- Is ACTUARIAL FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to ACTUARIAL FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ACTUARIAL FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ACTUARIAL FOUNDATION due?
- The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ACTUARIAL FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended May 2025.
- Who is the principal officer of ACTUARIAL FOUNDATION?
- The 990 for the year ended May 31, 2025 names VALERIE THOMPSON.
- Who are the officers and directors of ACTUARIAL FOUNDATION?
- The 990 for the year ended May 31, 2025 lists 31 people; 2 received compensation from the organization, the highest $240,250 (VALERIE THOMPSON, EXECUTIVE DIRECTOR).
- How much revenue does ACTUARIAL FOUNDATION have?
- On its 990 for the year ended May 31, 2025 it reported revenue of $3,232,923, expenses of $4,551,413 and total assets of $3,814,321 at year end.
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