NonprofitsInternational Association Of Black Actuaries Inc

Community Improvement & Capacity Building

International Association Of Black Actuaries Inc

CLEVELAND, OH

Total revenue

$1.2M

Total expenses

$1.2M

Net assets

$2.8M

Grants received

$250K

14 grants

EIN

364305164

Tax year

2024

Mission

Organized 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.

Programs

2 programs

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: $286KGrants: $212K

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.

Financials

FY 2024

Revenue

Contributions & grants$990K
Program service revenue$139K
Investment income$119K
Other revenue
Total revenue$1.2M

Expenses

Grants paid$212K
Salaries & benefits$218K
Fundraising$28K
Other expenses$760K
Total expenses$1.2M
Total assets$2.8M
Net assets$2.8M

People

14 listed

NameRoleCompensation

JEFFREY BROWN

EXECUTIVE DIRECTOR

Board

$103K

50 hrs/wk

CATHERINE WEAVER

INTERIM EXECUTIVE DIRECTOR

Board

$46K

50 hrs/wk

GLORIA GILLIAM

DIRECTOR

Board

2 hrs/wk

STEPHEN ABROKWAH

VICE PRESIDENT

Board

2 hrs/wk

MONIQUE HACKER

DIRECTOR

Board

2 hrs/wk

TENESIA MCGRUDER

DIRECTOR

Board

2 hrs/wk

MAAMBO MUJALA

DIRECTOR

Board

2 hrs/wk

ALAN NEWSOME

DIRECTOR

Board

2 hrs/wk

ANTHONY WEATHERSPOON

DIRECTOR

Board

2 hrs/wk

BRANDON WRIGHT

DIRECTOR

Board

2 hrs/wk

DALESA BRADY

DIRECTOR

Board

2 hrs/wk

JONATHAN APPLEWHITE

SECRETARY

Board

2 hrs/wk

NICOLE HARRINGTON

TREASURER

Board

2 hrs/wk

DWAYNE HUSBANDS

PRESIDENT

Board

2 hrs/wk

Grants received

Showing 14 of 14

FromAmountPurposeYear
$25K
Sponsorship and general support
2024
$33K
TO PROVIDE FUNDING FOR ADMINISTRATION OF THE ASSOCIATION.
2023
$20K
Sponsorship and general support
2023
$12K
For grant recipient's exempt purposes
2023
$33K
TO PROVIDE FUNDING FOR ADMINISTRATION OF THE ASSOCIATION
2022
$25K
Sponsorship and general support
2022
$5K
For grant recipient's exempt purposes
2022
$5K
Financial Assistance
2022
$30K
TO PROVIDE FUNDING FOR ADMINISTRATION OF THE ASSOCIATION
2021
$25K
Sponsorship and general support
2021
$5K
Financial Assistance
2021
$8K
For grant recipient's exempt purposes
2020

Funded by

$250K from 5 funders · 14 grants · 2020–2024

Casualty Actuarial Society

$95K · 3 grants · 2021–2023

Conference of Consulting Actuaries

$95K · 4 grants · 2021–2024

American Online Giving Foundation Inc

$25K · 2 grants · 2021–2023

Fidelity Investments Charitable Gift Fund

$25K · 3 grants · 2020–2023

Assurant Foundation

$10K · 2 grants · 2021–2022

Details

EIN364305164
NTEE codeS80
Subsection03
Ruling date2015-03
Formed1999
Employees2
Volunteers150
INTERNATIONAL ASSOCIATION OF BLACK ACTUARIES INC — Mission, Financials & Grants Received | Grantivo