Casualty Actuarial Society
- Assets
- $25.3m
- Revenue
- $15.2m
- Investments
- $0.0
- Employees
- 46
- Location
- Arlington, VA
- Founding
- 07/1963
- Data as of
- 09/2021
- EIN
- 13-6113674
Organization Overview
Casualty Actuarial Society is located in Arlington, VA. The organization was established in 1963. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2021, Casualty Actuarial Society employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Casualty Actuarial Society is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 09/2021, Casualty Actuarial Society generated $15.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $12.4m during the year ending 09/2021. While expenses have increased by 0.6% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE THE BODY OF KNOWLEDGE OF ACTUARIAL SCIENCE APPLIED TO GENERAL INSURANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXAMS:SPONSORED 8385 EXAMS IN FY 21 TO EDUCATE STUDENTS ON PROPERTY CASUALTY APPLICATIONS. ONCE THEY HAVE PASSED THE EXAMS, THEY QUALIFY FOR MEMBERSHIP.
MEETINGS AND SEMINARS:SPONSORED 2 MEETINGS, 9 SEMINARS, 24 WEBINARS, AND 7 COURSES ON PROFESSIONALISM TO ADVANCE THE BODY OF ACTUARIAL KNOWLEDGE AND INCREASE THE AWARENESS OF ACTUARIAL SCIENCE.
PUBLICATIONS AND REFERENCE MATERIALS:PRODUCED 6 ISSUES OF ACTUARIAL REVIEW, 2 VARIANCE JOURNALS, SEVERAL WHITE PAPERS, RESEARCH PAPERS, AND MONOGRAPHS TO FURTHER THE KNOWLEDGE AND UNDERSTANDING OF PROPERTY CASUALTY ACTUARIAL PROFESSSIONALS AND EXAM APPLICANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Victor Carter-Bey Chief Executive Officer | Officer | 40 | $495,000 |
Todd Rogers Chief Financial Officer | Officer | 40 | $271,430 |
J Michael Boa Chief Communications Officer | 40 | $253,961 | |
Kendall Williams Staff Actuary | 40 | $217,412 | |
Brian Fannin Research Actuary | 40 | $169,378 | |
Kathleen Dean Director, Meeting Services | 40 | $156,581 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ncs Pearson Inc Exam Testing Administration | 9/29/21 | $417,365 |
American Academy Of Actuaries Abcd Fees | 9/29/21 | $171,821 |
Netlogicdc Llc It Consulting, Database Administration | 9/29/21 | $139,521 |
Gravitate Solutions Llc Web Services | 9/29/21 | $177,069 |
Intrado Digial Media Llc Virtual Event Platform And Facilitation | 9/29/21 | $225,750 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $13,403,345 |
| Investment income | $366,036 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,442,544 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,223,268 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $97,667 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $551,994 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $955,124 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,285,094 |
| Pension plan accruals and contributions | $528,803 |
| Other employee benefits | $393,440 |
| Payroll taxes | $316,534 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $60,670 |
| Fees for services: Accounting | $37,691 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,565,046 |
| Advertising and promotion | $401,622 |
| Office expenses | $1,436,504 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $433,134 |
| Travel | $181,169 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $601,206 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $67,744 |
| Insurance | $112,900 |
| All other expenses | $365,136 |
| Total functional expenses | $12,391,478 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $238,910 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $50,669 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,170 |
| Prepaid expenses and deferred charges | $735,641 |
| Net Land, buildings, and equipment | $269,215 |
| Investments—publicly traded securities | $23,974,240 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $25,275,845 |
| Accounts payable and accrued expenses | $1,540,127 |
| Grants payable | $0 |
| Deferred revenue | $3,119,173 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,593,217 |
| Total liabilities | $6,252,517 |
| Net assets without donor restrictions | $19,023,328 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $25,275,845 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Casualty Actuarial Society has recieved totaling $13,803.
| Awarding Organization | Amount |
|---|---|
Society Of Actuaries Professional Association Schaumburg, IL PURPOSE: DIVERSITY GRANT | $13,803 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Psychiatric Association Washington, DC | $179,554,491 | $53,525,834 |
Srcco Inc Durham, NC | $42,497,453 | $49,465,239 |
Mexican Haas Avocado Importers Association Fallston, MD | $10,238,623 | $43,648,629 |
Certified Financial Planner Board Of Standards Inc Washington, DC | $72,477,411 | $49,028,168 |
Guaranty Association Benefits Company Washington, DC | $1,687,230,547 | $54,247,522 |
American Trucking Associations Inc Washington, DC | $115,646,374 | $45,819,466 |
Entertainment Software Association Washington, DC | $37,670,266 | $39,894,859 |
Fs-Isac Inc Reston, VA | $27,418,346 | $31,957,295 |
National Business Aviation Association Inc Washington, DC | $41,505,986 | $35,013,449 |
National Association Of Convenience Stores Inc Alexandria, VA | $81,131,547 | $56,800,862 |
Corporation For Travel Promotion Washington, DC | $155,155,340 | $50,300,586 |
Alliance For Automotive Innovation Washington, DC | $16,322,930 | $27,313,596 |