IABA FOUNDATION

Address
PO BOX 270701
WEST HARTFORD, CT 06127
Contact
Website: http://www.blackactuaries.org
Phone: +1 (860) 906-1286
Nonprofit
NTEE: T20 - Private Grantmaking Foundations
EIN: 20-0761668

Mission

DEVELOPS EDUCATIONAL ACTIVITIES RELATED TO ACTUARIAL SCIENCE DESIGNED TO IMPROVE SKILLS OF BLACK ACTUARIES IN TEH COMMUNITY AND ENCOURAGE COLLEGE STUDENTS TO PURSUE STUDIES IN ACTUARIAL SCIENCE.
 20142013201220112010
Basic features of the organization
Year of formation2004
Metropolitan statistical area3283
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$24,662.00    
Sum of reportable (W2/1099) compensation$22,965.00    
Number of employees1    
Number of people compensated >$100k0    
Number of volunteers120    
Number of highly compensated contractors0    
Personnel
Asa, Jonathan
TitleTREASURER    
Name of key/compensated personJONATHAN APPLEWHITE ASA    
Position of compensated person
Current officerTrue    
Average hours per week working for org15.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Belton, Micassia
TitleDIRECTOR    
Name of key/compensated personMICASSIA BELTON    
Position of compensated person
Average hours per week working for org10.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Boamah, Acheampong
TitleDIRECTORDirector Director 
Name of key/compensated personACHEAMPONG BOAMAHACHEAMPONG BOAMAH ACHEAMPONG BOAMAH 
Position of compensated person
Average hours per week working for org10.00    
Reportable compensation from org$0.00$0.00 $0.00 
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Duke, Matthew
TitleDIRECTOR    
Name of key/compensated personMATTHEW DUKE    
Position of compensated person
Average hours per week working for org10.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Fontama, Veronica
Title   Vice President 
Name of key/compensated person   VERONICA FONTAMA 
Reportable compensation from org   $0.00 
Fsa, Francis
Title    Director
Name of key/compensated person    FRANCIS NKETIA FSA
Reportable compensation from org    $0.00
Harris, Kamal
TitlePRESIDENT    
Name of key/compensated personKAMAL HARRIS    
Position of compensated person
Current officerTrue    
Average hours per week working for org10.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Johnson, Jeffrey
TitleDIRECTORDirector   
Name of key/compensated personJEFFREY L JOHNSONJEFFREY L JOHNSON   
Position of compensated person
Average hours per week working for org10.00    
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Liggonah, Sayi
Title Secretary   
Name of key/compensated person SAYI LIGGONAH   
Reportable compensation from org $0.00   
Maaa, Jeffrey
Title   DirectorDirector
Name of key/compensated person   JEFFREY L JOHNSON FSA MAAAJEFFREY L JOHNSON FSA MAAA
Reportable compensation from org   $0.00$0.00
Maaa, Jennifer
Title President   
Name of key/compensated person JENNIFER MIDDOUGH FCAS MAAA   
Reportable compensation from org $0.00   
Maaa, Linda
Title   DirectorDirector
Name of key/compensated person   LINDA SHEPHERD FCAS MAAALINDA SHEPHERD FCAS MAAA
Reportable compensation from org   $0.00$0.00
Maaa, Ollie
Title   DirectorDirector
Name of key/compensated person   OLLIE L SHERMANJR FCAS MAAAOLLIE L SHERMANJR FCAS MAAA
Reportable compensation from org   $0.00$0.00
Maaa, Stafford
Title   DirectorDirector
Name of key/compensated person   STAFFORD L THOMPSON JR FSA MAAASTAFFORD L THOMPSON JR FSA MAAA
Reportable compensation from org   $0.00$0.00
Maaa, Tenesia
TitleVICE PRESIDENT    
Name of key/compensated personTENESIA MCGRUDER FSA MAAA    
Position of compensated person
Current officerTrue    
Average hours per week working for org10.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Maaa, Trisa-Lee
TitleSECRETARY    
Name of key/compensated personTRISA-LEE GAYNOR ASA MAAA    
Position of compensated person
Current officerTrue    
Average hours per week working for org10.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Maaa, Veronica
Title Vice President   
Name of key/compensated person VERONICA FONTAMA ASA MAAA   
Reportable compensation from org $0.00   
Middough, Jennifer
Title   PresidentPresident
Name of key/compensated person   JENNIFER MIDDOUGHJENNIFER MIDDOUGH
Reportable compensation from org   $0.00$0.00
Murray, Jamala
Title Director  Treasurer/Director
Name of key/compensated person JAMALA MURRAY  JAMALA MURRAY
Reportable compensation from org $0.00  $0.00
Randolph, Arthur
TitleDIRECTOR    
Name of key/compensated personARTHUR RANDOLPH II    
Position of compensated person
Average hours per week working for org10.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Robinson, Sharon
TitleDIRECTORDirector Director 
Name of key/compensated personSHARON ROBINSONSHARON ROBINSON SHARON ROBINSON 
Position of compensated person
Average hours per week working for org10.00    
Reportable compensation from org$0.00$0.00 $0.00 
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Senat, Grace
Title Treasurer Treasurer 
Name of key/compensated person GRACE SENAT GRACE SENAT 
Reportable compensation from org $0.00 $0.00 
Shepherd, Linda
TitleDIRECTORDirector   
Name of key/compensated personLINDA SHEPHERDLINDA SHEPHERD   
Position of compensated person
Average hours per week working for org10.00    
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Sherman, Ollie
TitleDIRECTORDirector   
Name of key/compensated personOLLIE L SHERMAN JROLLIE L SHERMAN JR   
Position of compensated person
Average hours per week working for org10.00    
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Weaver, Catherine
TitleEXECUTIVE DIR.Executive Dir.   
Name of key/compensated personCATHERINE WEAVERCATHERINE WEAVER   
Position of compensated person
Current officerTrue    
Average hours per week working for org50.00    
Reportable compensation from org$22,965.00$12,330.00   
Other comp, non-reportable, from org and related orgs$10,648.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $51,339.00    
Whittington, Gerik
Title   SecretarySecretary
Name of key/compensated person   GERIK WHITTINGTONGERIK WHITTINGTON
Reportable compensation from org   $0.00$0.00
Purpose: mission, activities, & accomplishments
Mission or significant activitiesORGANIZED TO ESTABLISH AND PROVIDE FINANCIAL ASSISTANCE, MENTORS, AND ROLE MODELS FOR BLACK HIGH SCHOOL AND COLLEGE STUDENTS TO PURSUE STUDIES IN ACTUARIAL SCIENCE AND TO ENCOURAGE PARTICIPATION OF ITS MEMBERS IN ACTIVITIES OF ACTUARIAL ORGANIZATIONS.    
Primary exempt purpose DEVELOPS EDUCATIONAL ACTIVITIES RELATED TO ACTUARIAL SCIENCE Develops educational activities related to actuarial scienceDevelops educational activities related to actuarial science
Program service expenses, total$213,551.00$79,410.00 $65,184.00$23,792.00
Programs, including revenue & expenses
ANNUAL MEETING - PROVIDING EDUCATIONAL SEMINARS TO MEMBERSHIP IMPROVING BOTH TECHNICAL AND PROFESSIONAL SKILLS.
Program expenses$98,935.00    
Program revenue$200.00    
Program descriptionANNUAL MEETING - PROVIDING EDUCATIONAL SEMINARS TO MEMBERSHIP IMPROVING BOTH TECHNICAL AND PROFESSIONAL SKILLS.    
NETWORKING - PROFESSIONAL DEVELOPMENT AND DEVELOPMENT OF CAMPAIGN EFFORTS TO PROMOTE AWARENESS OF ACTUARIAL SERVICES.
Program expenses$30,994.00    
Program descriptionNETWORKING - PROFESSIONAL DEVELOPMENT AND DEVELOPMENT OF CAMPAIGN EFFORTS TO PROMOTE AWARENESS OF ACTUARIAL SERVICES.    
SCHOLARSHIPS - PROVIDING SCHOLARSHIPS AT THE UNDERGRADUATE AND GRADUATE LEVEL TO QUALIFIED BLACK STUDENTS WHO ARE INTERESTED IN PURSUING AN ACTUARIAL CAREER.
Program expenses$65,000.00    
Program descriptionSCHOLARSHIPS - PROVIDING SCHOLARSHIPS AT THE UNDERGRADUATE AND GRADUATE LEVEL TO QUALIFIED BLACK STUDENTS WHO ARE INTERESTED IN PURSUING AN ACTUARIAL CAREER.    
Financial data
Revenue
Total revenue$210,602.00$173,411.00 $54,446.00$88,511.00
Revenue from contributions (total)$209,576.00$90,546.00$122,204.00$54,435.00$88,500.00
Investment income, current yr$1.00$5.00 $11.00$0.00
Total revenue from grants, etc., current yr$209,576.00    
Total unrelated business revenue$1.00    
Other revenue, current yr$0.00    
Net unrelated business taxable revenue$0.00    
Program service revenue (total)$1,025.00$82,860.00$0.00$0.00$0.00
Gross receipts$210,602.00    
Sources of contributions
Revenue from all other contributions$209,576.00    
Other types of revenue
Income from dividends, interest, and similar investments$1.00    
Net rental income$0.00   $0.00
Expense categories (totals)
Total functional expenses: sum of all$219,301.00    
Total functional expenses: program service $213,551.00    
Total functional expenses: management and general$5,750.00    
Total functional expenses: fundraising$0.00    
Fees for services
Legal fees (total)$2,692.00    
Fundraising service fees (total)$0.00    
Assets and liabilities
Total assets$140,683.00$73,014.00$37,484.00$14,806.00$54,224.00
Total assets, beginning of year$73,014.00$37,484.00 $26,218.00$17,085.00
Total liabilities$28,368.00$0.00$0.00$17,172.00$1,672.00
Total liabilities, beginning of year$0.00  $1,672.00$17,465.00
Unrestricted net assets, end of yr$92,315.00    
Temporarily restricted net assets$20,000.00    
Net assets$112,315.00$73,014.00 -$2,366.00$52,552.00
Net assets, beginning of year$73,014.00    
Other liabilities$23,172.00    
Cash: non-interest bearing$100,683.00    
Cash: non-interest bearing, beginning of year$73,014.00    
Other financial variables
Revenue less expenses-$8,699.00    
Accounts receivable, net$40,000.00    
Accounts payable & accrued expenses$5,196.00    
Total net assets or fund balances$112,315.00    
Governance and accountability
Number of voting members12    
Number of independent voting members12    
Financial sheets auditedTrue    
Cash accounting True TrueTrue
Accrual accountingTrue    
Tax year start date2014-01-012013-01-01 2011-01-012009-09-01
Tax year end date2014-12-012013-12-012012-12-012011-12-012010-08-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990EZ 990EZ990EZ
Date e-filing submitted2015-10-052014-10-15 2012-10-102011-01-28
IRS schema version2014v5.02013v3.1 2011v1.22009v1.3
Filing identifier201532269349301663201442029349200069 201231359349203288201110129349200831
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