Illinois · Nonprofit
SOCIETY OF ACTUARIES
SOCIETY OF ACTUARIES (Illinois) receives grants from 2 organizations whose IRS filings report $118,223 to it, the largest being THE ACTUARIAL FOUNDATION ($98,223). 1 of them have funded it in more than one year.
- Revenue FY2024
- $68M
- Funders on record
- 2
- Grants received
- $118k
- Net assets
- $52M
What Society of Actuaries does
Mission
Through education and research, the soa advances actuaries as leaders in measuring and managing risk to improve financial outcomes for individuals, organizations, and the public.
As stated on its FY2024 Form 990.
Programs
Membership: the soa is a membership organization with more than 34,861 members worldwide, making it the largest professional association of actuaries in the world. As part of its mission, the soa provides rigorous and comprehensive education and testing to its members as part of the process of earning their credentials. Soa-credentialed members are equipped to provide important and valuable expertise and advice on a variety of risk management and financial security issues, including developing pension plans for businesses and public entities, consulting on building secure health and life insurance systems and providing risk management advice on an enterprise-wide level to many types of commercial organizations.
Preliminary education: soa's examinations include core topics common to all actuarial disciplines to ensure that all soa members have broad knowledge of risk management and financial security issues that face businesses and individuals. Candidates for soa membership also take exams that are specifically focused on a particular area of practice to ensure that they have the detailed knowledge to provide to the organizations and public the highest level of expertise in their chosen practice. This comprehensive and rigorous educational system develops actuaries who are able to deliver expertise with the high standards that meet the needs of individuals, commercial and public organizations and the public at large, relieving public or governmental organizations from having to provide such educational oversight.
Continuing education: the soa conducts various events and professional development opportunities to ensure continued professional growth and excellence for its members. Soa members are required to meet a defined level of continuing education annually in order to maintain their credential. This requirement assures that all soa members, even those who initially earned their credential years earlier, stay current on the latest actuarial practices, knowledge and research - and the ever-evolving societal issues that require actuarial expertise. This lifelong learning supports actuaries as they provide expert advice and relevant solutions for financial, business and societal problems.
The 3 programs described on its FY2023 Form 990, listed largest first by expense.
The organization over time
Each line starts at 100 in 2020, so what you read is the shape rather than the size: 150 means half as much again as 2020, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $71M to $89M (+25%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
0% of SOCIETY OF ACTUARIES’s revenue is contributions — more earned-revenue than three-quarters of its peers (61% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 5 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Greg Heidrich
CEO
As listed on its FY2024 Form 990.
Who funds it, year by year
2019 → 2023: the base held at 1 funder, grant income held at $10k.
From the IRS filings of SOCIETY OF ACTUARIES’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
SOCIETY OF ACTUARIES leans on a few funders — its largest provides 83% of grant income and the top three 100%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
100% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund SOCIETY OF ACTUARIES.
Largest funder’s share by year: 2019 100% · 2023 100% — broadly stable.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
83% of SOCIETY OF ACTUARIES's grant income comes from Illinois funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
SOCIETY OF ACTUARIES runs a healthier operating margin than half of the 659 community improvement nonprofits its size.
this organization peer median middle 50% of peers· 659 community improvement nonprofits $10M–$100M, FY2024
Organizations like SOCIETY OF ACTUARIES
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Illinois
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Governance
Footprint & structure
Part of a family of 4 related entities
- Soa Ventures LLC · disregarded
- Society of Actuaries Research Institute · exempt
- Caa Global Limited · exempt
- Soa Asia-Pacific Gateway Pte Ltd · corp_trust
Screen this organization
A dated, signed PDF of the compliance screen for SOCIETY OF ACTUARIES: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds SOCIETY OF ACTUARIES?
- SOCIETY OF ACTUARIES (Illinois) receives grants from 2 organizations whose IRS filings report $118,223 to it, the largest being THE ACTUARIAL FOUNDATION ($98,223). 1 of them have funded it in more than one year.
- How many funders does SOCIETY OF ACTUARIES have?
- IRS filings report 2 organizations giving $118,223 in grants to SOCIETY OF ACTUARIES, 1 of which have funded it in more than one year.
- Who is the largest funder of SOCIETY OF ACTUARIES?
- THE ACTUARIAL FOUNDATION is the largest funder on record, with $98,223 in grants. The full list of funders is on this page.
- How can an organization like SOCIETY OF ACTUARIES find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Illinois. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2020–2024), and the filings of 2 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing