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Nonprofit · EIN 36-4305164

INTERNATIONAL ASSOCIATION OF BLACK ACTUARIES INC

Tax-exempt · CLEVELAND, OH 44124

Financials

$1.7M$1.2M2023$1.2M$1.2M2024
Revenue Expenses · by fiscal year end
Financials of INTERNATIONAL ASSOCIATION OF BLACK ACTUARIES INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,247,437$1,189,664$57,773$2,797,749$13,627$2,784,122
December 31, 2023990$1,710,351$1,244,030$466,321$2,736,516$10,167$2,726,349
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$989,606
Program service revenue
$139,206
Investment income
$118,625
Other revenue
$0

Expenses

Grants and similar amounts paid
$211,700
Compensation of officers, directors and key employees
$158,090
Other salaries and wages
$47,669
Salaries, compensation and benefits (total)
$217,928
Professional fundraising fees
$0
Legal fees
$6,307
Accounting fees
$21,610
Travel
$4,240
Depreciation
$655
Program services (functional)
$1,017,605
Management and general (functional)
$144,442
Fundraising (functional)
$27,617

Balance sheet and other

Total assets, start of year
$2,736,516
Total assets, end of year
$2,797,749
Total liabilities, end of year
$13,627
Net assets, end of year
$2,784,122
Land, buildings and equipment
$1,387
Net assets without donor restrictions
$2,427,622
Net assets with donor restrictions
$356,500
Gross receipts
$1,247,437
Employees
2
Volunteers
150
Year formed
1999
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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
JEFFREY BROWNEXECUTIVE DIRECTOR
Officer
50$103,000$8,700
CATHERINE WEAVERINTERIM EXECUTIVE DIRECTOR
Officer
50$45,885$0
ALAN NEWSOMEDIRECTOR
Trustee or director
2$0$0
DWAYNE HUSBANDSPRESIDENT
Trustee or director, Officer
2$0$0
GLORIA GILLIAMDIRECTOR
Trustee or director
2$0$0
STEPHEN ABROKWAHVICE PRESIDENT
Trustee or director, Officer
2$0$0
MONIQUE HACKERDIRECTOR
Trustee or director
2$0$0
TENESIA MCGRUDERDIRECTOR
Trustee or director
2$0$0
MAAMBO MUJALADIRECTOR
Trustee or director
2$0$0
NICOLE HARRINGTONTREASURER
Trustee or director, Officer
2$0$0
ANTHONY WEATHERSPOONDIRECTOR
Trustee or director
2$0$0
BRANDON WRIGHTDIRECTOR
Trustee or director
2$0$0
DALESA BRADYDIRECTOR
Trustee or director
2$0$0
JONATHAN APPLEWHITESECRETARY
Trustee or director, Officer
2$0$0
990 for the year ended December 31, 2023: 12 people
NameTitleHours / weekCompensation
CATHERINE WEAVERINTERIM EXECUTIVE DIRECTOR
Officer
50$88,350
DR TIFFANY HOLMESEXECUTIVE DIRECTOR
Officer
50$51,250
ALAN NEWSOMEDIRECTOR
Trustee or director
2$0
DWAYNE HUSBANDSPRESIDENT
Trustee or director, Officer
2$0
GLORIA GILLIAMSECRETARY
Trustee or director, Officer
2$0
STEPHEN ABROKWAHVICE PRESIDENT
Trustee or director, Officer
2$0
MONIQUE HACKER-PATTERSONDIRECTOR
Trustee or director
2$0
EDSON EDWARDSTREASURER
Trustee or director, Officer
2$0
TENESIA MCGRUDERDIRECTOR
Trustee or director
2$0
UGO OKEPWHODIRECTOR
Trustee or director
2$0
MAAMBO MUJALADIRECTOR
Trustee or director
2$0
NICOLE HARRINGTONDIRECTOR
Trustee or director
2$0

Address and contacts

Address (IRS master file)
PO BOX 24245, CLEVELAND, OH 44124-0245
Principal officer (990 for 2024)
NICOLE HARRINGTON, PO BOX 24245, CLEVELAND, OH 44124
Signed the 990
NICOLE HARRINGTON, TREASURER
Phone
(216) 644-7953
Return prepared by
PUE CHICK LEIBOWITZ & BLEZARD LLC

Mission

DEVELOPS EDUCATIONAL ACTIVITIES RELATED TO ACTUARIAL SCIENCE DESIGNED TO IMPROVE SKILLS OF BLACK ACTUARIES IN THE COMMUNITY AND ENCOURAGE COLLEGE STUDENTS TO PURSUE STUDIES IN ACTUARIAL SCIENCE.

990 for the year ended December 31, 2024

Program accomplishments

  • 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 $731,818 · revenue $139,206
  • 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 APPROXIMATELY SIXTY (60) ACTUARIAL STUDENTS.
    Expenses $285,787 · grants $211,700
  • 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.

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 December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
36-4305164
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
2015
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$2,797,749
Income (IRS master file)
$1,247,437

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,247,437$1,189,664$2,797,749XML
990December 2023$1,710,351$1,244,030$2,736,516XML
990December 2022$1,451,479$1,127,900$2,280,711IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 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 36-4305164).

Questions about INTERNATIONAL ASSOCIATION OF BLACK ACTUARIES INC

What is the EIN of INTERNATIONAL ASSOCIATION OF BLACK ACTUARIES INC?
The employer identification number (EIN) of INTERNATIONAL ASSOCIATION OF BLACK ACTUARIES INC is 36-4305164.
Is INTERNATIONAL ASSOCIATION OF BLACK ACTUARIES INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
Are donations to INTERNATIONAL ASSOCIATION OF BLACK ACTUARIES INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does INTERNATIONAL ASSOCIATION OF BLACK ACTUARIES INC 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 INTERNATIONAL ASSOCIATION OF BLACK ACTUARIES INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did INTERNATIONAL ASSOCIATION OF BLACK ACTUARIES INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of INTERNATIONAL ASSOCIATION OF BLACK ACTUARIES INC?
The 990 for the year ended December 31, 2024 names NICOLE HARRINGTON.
Who are the officers and directors of INTERNATIONAL ASSOCIATION OF BLACK ACTUARIES INC?
The 990 for the year ended December 31, 2024 lists 14 people; 2 received compensation from the organization, the highest $103,000 (JEFFREY BROWN, EXECUTIVE DIRECTOR).
How much revenue does INTERNATIONAL ASSOCIATION OF BLACK ACTUARIES INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,247,437, expenses of $1,189,664 and total assets of $2,797,749 at year end.

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