INTERNATIONAL ASSOCIATION OF BLACK ACTUARIES INC

As filed

Subsection

03

NTEE code

S80

Classification

2000

Street

PO BOX 24245

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2023

• ANNUAL MEETING AND SEMINARS - PROVIDES EDUCATIONAL SEMINARS TO MEMBERSHIP IMPROVING BOTH TECHNICAL AND PROFESSIONAL SKILLS AND AN OPPORTUNITY FOR ACTUARIAL STUDENTS TO INTERACT WITH INDUSTRY PROFESSIONALS AND RECRUITERS IN A CASUAL AND INTIMATE ENVIRONMENT. THERE WERE 600+ ATTENDEES AT THIS YEAR'S ANNUAL MEETING.

  Expenses $748,984 · Revenue $107,477

• SCHOLARSHIPS - PROVIDING SCHOLARSHIPS AT THE UNDERGRADUATE AND GRADUATE LEVEL TO QUALIFIED BLACK STUDENTS WHO ARE INTERESTED IN PURSUING AN ACTUARIAL CAREER. DURING THIS YEAR, IABA AWARDED SCHOLARSHIPS TO OVER EIGHTY (80) ACTUARIAL STUDENTS.

  Expenses $351,804 · Grants $261,873

• ANNUAL BOOTCAMP - INCREASING INDUSTRY AWARENESS OF PROSPECTIVE ACTUARIAL STUDENTS AND POSITIONING THEM FOR A SUCCESSFUL ACTUARIAL INTERNSHIP OR ENTRY-LEVEL OPPORTUNITY. PROVIDING ATTENDEES WITH EXPOSURE TO REAL WORLD ACTUARIAL WORK, RESOURCES IN PREPARING FOR PROFESSIONAL EXAMS, THE SOFT SKILLS NEEDED TO SUCCESSFULLY INTERVIEW FOR AND LAND AN INTERNSHIP OR ENTRY-LEVEL POSITION AS WELL AS EXTENDED SUPPORT TO REMAIN ON THEIR CHOSEN CAREER PATHWAY FOR THOSE WHO WILL BE RETURNING TO ACADEMIC PROGRAMS.

As filed on the 2023 return.

Officers and directors · 2023

As listed in Part VII of the 2023 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. Earlier years are each on their own filing page.

Filings

• 2023

  Revenue

  $1,710,351

  Expenses

  $1,244,030

  Contributions

  $1,535,904

  Grants paid

  $261,873

• 2022

  Revenue

  $1,451,479

  Expenses

  $1,127,900

  Contributions

  $1,351,077

  Grants paid

  $270,537

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

• 2021 · 990

  Revenue

  $1,198,491

  Expenses

  $549,213

  Assets (EOY)

  $1,943,130

• 2020 · 990

  Revenue

  $909,310

  Expenses

  $365,719

  Assets (EOY)

  $1,295,356

• 2019 · 990

  Revenue

  $723,864

  Expenses

  $536,748

  Assets (EOY)

  $745,462

• 2018 · 990

  Revenue

  $578,137

  Expenses

  $534,954

  Assets (EOY)

  $557,495

• 2017 · 990

  Revenue

  $515,056

  Expenses

  $464,053

  Assets (EOY)

  $514,402

• 2016 · 990

  Revenue

  $487,683

  Expenses

  $416,220

  Assets (EOY)

  $464,123

• 2015 · 990

  Revenue

  $513,045

  Expenses

  $353,778

  Assets (EOY)

  $390,815

• 2013 · 990

  Revenue

  $235,045

  Expenses

  $284,951

  Assets (EOY)

  $61,176

• 2011 · 990

  Revenue

  — not reported

  Expenses

  $319,203

  Assets (EOY)

  $197,791

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

• CASUALTY ACTUARIAL SOCIETY

  $65,000

  2024 · TO PROVIDE FUNDING FOR ADMINISTRATION OF ORGANIZATION

• CASUALTY ACTUARIAL SOCIETY

  $32,500

  2022 · TO PROVIDE FUNDING FOR ADMINISTRATION OF THE ASSOCIATION

• CASUALTY ACTUARIAL SOCIETY

  $32,500

  2023 · TO PROVIDE FUNDING FOR ADMINISTRATION OF THE ASSOCIATION.

• CONFERENCE OF CONSULTING ACTUARIES

  $25,000

  2025 · Sponsorship and general support

• CONFERENCE OF CONSULTING ACTUARIES

  $25,000

  2022 · Sponsorship and general support

• CONFERENCE OF CONSULTING ACTUARIES

  $20,000

  2023 · Sponsorship and general support

• FIDELITY INVESTMENTS CHARITABLE GIFT FUND

  $11,754

  2023 · For grant recipient's exempt purposes

• AMERICAN ONLINE GIVING FOUNDATION INC

  $9,358

  2023 · GENERAL SUPPORT

• THE BLACKBAUD GIVING FUND

  $5,855

  2025 · GENERAL SUPPORT

• FIDELITY INVESTMENTS CHARITABLE GIFT FUND

  $5,550

  2024 · For grant recipient's exempt purposes

The 10 largest by cash amount. The API serves every itemized grant.

Other IRS files