2024-01-30T14:33:40-06:00 2023-03-31 366055558 GRANT THORNTON LLP 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2022-04-01 237259445 AMERICAN MANAGEMENT ASSOCIATION INTERNATIONAL AMER 2125868100 1601 BROADWAY NEW YORK NY 100197420 NISSA HARVEY VP, FINANCE/TREASURER 5183042316 2024-01-30 1 NISSA HARVEY XXX-XX-XXXX 0 SCOTT THOMPSETT P00741490 2125990100 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MANOS AVRAMIDIS 1601 BROADWAY NEW YORK NY 100197420 38883036 0 X WWW.AMANET.ORG X 1923 NY THE ASSOCIATION IS A MEMBERSHIP-BASED MANAGEMENT EDUCATION ORGANIZATION. (SEE SCHEDULE O) 11 10 148 10 -23589 0 5325000 2272658 27124307 32216544 1583391 524437 3376578 2253223 37409276 37266862 4500 7500 0 0 14460588 14836025 0 0 0 23658053 21550547 38123141 36394072 -713865 872790 77149210 85944680 29471628 36846431 47677582 49098249 X AMERICAN MANAGEMENT ASSOCIATION INTERNATIONAL (THE ASSOCIATION) IS AN INTERNATIONAL, NONPROFIT, MEMBERSHIP-BASED ASSOCIATION THAT PROVIDES A BROAD RANGE OF MANAGEMENT DEVELOPMENT AND EDUCATIONAL SERVICES TO INDIVIDUALS AND ORGANIZATIONS. FOR MORE INFORMATION, SEE SCHEDULE O. 0 0 31398708 7500 31399816 EDUCATIONAL ACTIVITIES 920118 0 816728 MEMBERSHIP DUES 32318826 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 1 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 284 0 1 148 1 1 1 1 BE 0 0 0 0 0 0 0 0 0 0 X 11 10 0 1 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 AZ CA IL MA NY OR X NISSA HARVEY 5188911500 1601 BROADWAY NEW YORK NY 100197420 MANOS AVRAMIDIS PRESIDENT/CEO/TRUSTEE 50.00 10.00 X X 823797 0 58757 GREG ADAMS SVP/CHIEF FINANCIAL OFFICER 50.00 10.00 X 394168 0 48835 RICHARD BARTON SVP/CHIEF INFORMATION OFFICER 50.00 10.00 X 360399 0 52704 RICHARD FONTAINE SVP, CHIEF MARKETING OFFICER 50.00 0.00 X 358263 0 48531 KERRY C BLONSKI SVP, CORPORATE LEARNING SOLUTIONS-US 50.00 0.00 X 289293 0 46199 BARBARA ZUNG SVP/CHIEF HR OFFICER 50.00 10.00 X 276799 0 52047 WANDA GUNDERMAN VP, FIN. PLANNING & ANALYSIS, USME 50.00 0.00 X 223920 0 50300 CHERYL STERN REGIONAL DIRECTOR 50.00 0.00 X 242954 0 21356 MARNI FRIEDLANDER SVP/GENERAL COUNSEL/SECRETARY 50.00 10.00 X 211364 0 40535 JEFFREY BECKER DIRECTOR OF SALES 50.00 0.00 X 223341 0 20937 NISSA HARVEY VP, FINANCE/TREASURER 50.00 10.00 X 170882 0 6170 JED BECKER TRUSTEE 4.00 0.00 X 0 0 0 MICHAEL CORCIONE TRUSTEE 2.00 0.00 X 0 0 0 JAMES CORGEL TRUSTEE 2.00 0.00 X 0 0 0 CHARLES R CRAIG CHAIRMAN/TRUSTEE 4.00 0.00 X X 0 0 0 JONATHAN DUNNE TRUSTEE 4.00 0.00 X 0 0 0 BRADLEY MCCORD TRUSTEE 4.00 0.00 X 0 0 0 JAIME DE PINIES TRUSTEE (AS OF 12/2022) 2.00 0.00 X 0 0 0 CARLYENE PRINCE-ERIKSON TRUSTEE 2.00 0.00 X 0 0 0 GHILLAINE A REID TRUSTEE 2.00 0.00 X 0 0 0 BRADLEY WATT TRUSTEE 2.00 0.00 X 0 0 0 3575180 0 446371 44 0 1 0 GOOGLE INC 1600 AMPHITHEATRE PARKWAY MOUNTAIN VIEW CA 94043 MARKETING SERVICES 1044116 MARKETSOURCE 7301 PARKWAY DRIVE HANOVER MD 21076 TELESALES SERVICES 810275 AMSIVE DIGITAL INC 915 BROADWAY SUITE 501 NEW YORK NY 10010 MARKETING SERVICES 807650 LSC COMMUNICATIONS US LLC PO BOX 932987 CLEVELAND OH 44193 MARKETING SERVICES 542392 FACEBOOK INC 1601 WILLOW RD MENLO PARK CA 94025 MARKETING SERVICES 537505 17 2272658 2272658 EDUCATIONAL ACTIVITIES 611600 31399816 31399816 MEMBERSHIP DUES 611600 816728 816728 32216544 1429895 1429895 794296 794296 1574946 710716 864230 864230 -23589 887819 905458 -905458 -905458 -905458 SHARED SERVICES 611600 407519 407519 CORP PROVISION ADJUSTMENTS 900099 180517 180517 LEGAL SETTLEMENT 900099 3296 3296 3365 3365 594697 37266862 32216544 -23589 2801249 7500 7500 2529596 414558 2115038 10046586 9708477 338109 133704 119678 14026 1290394 991343 299051 835745 704082 131663 169307 169307 157701 157701 40426 40426 1960380 1632957 327423 5937765 5937765 858410 754107 104303 1130127 1130127 22300 22300 3112210 2957404 154806 163394 124593 38801 6226721 6216996 9725 10057 2804 7253 578062 554516 23546 395463 383192 12271 BAD DEBT EXPENSE 152455 152455 EMPLOYEE RECRUITING 100167 39446 60721 AWARDS & MEDALS 91162 82445 8717 NEW PROGRAM DEVELOPMENT 86546 86546 357894 295535 62359 36394072 32318826 4075246 0 2345094 1686274 2104101 2461997 1453756 1453756 16422 0 1281367 1405804 22797837 20929643 3079129 1868194 4923944 4063628 61945397 73005027 77149210 85944680 5831983 5530440 9996633 9789712 72590 0 13570422 21526279 29471628 36846431 X 47677582 49098249 47677582 49098249 77149210 85944680 X 872790 -299478 315075 532280 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6389148 5280071 1109077 16408689 15649572 759117 1868194 RECEIVABLES FROM RELATED ORG: IMACAN MANAGEMENT CENTRE 34835924 PAID IN CAPITAL: AMA EUROPE SA 17816179 OPERATING LEASE RIGHT-OF-USE ASSETS 9815643 RECEIVABLES FROM RELATED ORG: MGMT CENTER DE MEXICO AC 8583647 RECEIVABLES FROM RELATED ORG: AMA EUROPE SA 1953634 73005027 OPERATING LEASE LIABILITIES 20552545 OTHER LIABILITIES 973734 21526279 X PART X, LINE 2: UNCERTAINTIES IN INCOME TAXES THE ASSOCIATION FOLLOWS GUIDANCE THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINITY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, INCLUDING ISSUES RELATING TO FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT. THIS GUIDANCE PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN ONLY BE RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS IF THE POSITION IS "MORE-LIKELY-THAN-NOT" TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. THE ASSESSMENT OF THE TAX POSITION IS BASED SOLELY ON THE TECHNICAL MERITS OF THE POSITION, WITHOUT REGARD TO THE LIKELIHOOD THAT THE TAX POSITION MAY BE CHALLENGED. THE ASSOCIATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER CODE SECTION 501(C)(3), THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. THE ASSOCIATION HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED BUSINESS INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS; AND, TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE ASSOCIATION HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN ITS CONSOLIDATED FINANCIAL STATEMENTS. IN ADDITION, THE ASSOCIATION HAS NOT RECORDED A PROVISION FOR INCOME TAXES FOR THE YEARS ENDED MARCH 31, 2023 AND 2022, AS IT HAS NO MATERIAL TAX LIABILITY FROM UNRELATED BUSINESS INCOME ACTIVITIES. PART IX, OPERATING LEASE RIGHT-OF-USE ASSETS, LINE (3) AND PART X, OPERATING LEASE LIABILITIES: THE FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") IMPLEMENTED A NEW LEASE ACCOUNTING STANDARD THAT BECAME EFFECTIVE FOR AMERICAN MANAGEMENT ASSOCIATION INTERNATIONAL IN THE YEAR ENDING MARCH 31, 2023. THIS ACCOUNTING STANDARD WAS EFFECTUATED TO IMPROVE THE TRANSPARENCY SURROUNDING KEY INFORMATION PERTAINING TO AN EXEMPT ORGANIZATION'S LEASING ARRANGEMENTS (AND TO ENSURE THAT ALL ORGANIZATIONS WERE RECORDING THE TRANSACTIONS UNIFORMLY ON THEIR BALANCE SHEETS). 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 RACIALLY NONDISCRIMINATORY POLICY AMA PUBLICIZES ITS NONDISCRIMINATORY POLICY THROUGH ITS PROMOTIONAL MATERIALS AND IN NATIONAL JOB BOARDS. AMERICAN MANAGEMENT ASSOCIATION INTERNATIONAL DOES NOT DISCRIMINATE IN EMPLOYMENT, ADMISSION TO MEMBERSHIP, OR ADMISSION OF SPEAKERS OR REGISTRANTS TO ITS PROGRAMS ON THE BASIS OF RACE, COLOR, RELIGION, GENDER, AGE, SEXUAL ORIENTATION, DISABILITY, NATIONAL OR ETHNIC ORIGIN, VETERAN STATUS, OR ANY OTHER BASIS PROHIBITED BY STATE OR LOCAL LAW. SCHEDULE E, PART I, LINE 6 AMA RECEIVED FINANCIAL ASSISTANCE FROM THE U.S. DEPARTMENT OF THE TREASURY MADE AVAILABLE UNDER THE CORONAVIRUS AID, RELIEF AND ECONOMIC SECURITY ACT (THE "CARES ACT"), TO CONTINUE OPERATIONS THAT WERE IMPACTED BY THE COVID-19 PANDEMIC. THE FINANCIAL ASSISTANCE RECEIVED WAS $2,272,658 IN EMPLOYEE RETENTION CREDITS. CENTRAL AMERICA AND THE CARIBBEAN 0 2 PROGRAM SERVICES EDUCATIONAL ACTIVITIES 7621 EAST ASIA AND THE PACIFIC 0 6 PROGRAM SERVICES EDUCATIONAL ACTIVITIES 46537 EUROPE (INCLUDING ICELAND & GREENLAND) 1 15 PROGRAM SERVICES EDUCATIONAL ACTIVITIES 46014 1 23 0 0 1 23 100172 0 100172 1 0 1 0 0 1 PART III ACCOUNTING METHOD: SCHEDULE F, PART I, LINE 3, COLUMN F: EXPENDITURES PER REGION THE ORGANIZATION REPORTS EXPENDITURES PER REGION ON AN ACCRUAL BASIS WHICH IS CONSISTENT WITH THE ACCOUNTING METHOD USED FOR THE ORGANIZATION'S FINANCIAL STATEMENTS. SCHEDULE F, PART IV, LINE 6: BOYCOTTING COUNTRIES DURING THE TAX YEAR AMERICAN MANAGEMENT ASSOCIATION EUROPE SA, A RELATED ORGANIZATION TAXABLE AS A CORPORATION, ESTABLISHED IN BELGIUM, CONDUCTED A NUMBER OF EDUCATIONAL ACTIVITIES IN KUWAIT, LEBANON, AND SAUDI ARABIA. 1 SCHOLARSHIPS 5 7500 PART I, LINE 2: AMA AWARDS A LIMITED NUMBER OF SCHOLARSHIPS ANNUALLY IN THE AMOUNT OF $1,500 EACH YEAR TO ASSIST CHILDREN OF ELIGIBLE STAFF MEMBERS IN PURSUING THEIR COLLEGE EDUCATION. THESE AWARDS ARE FOR STUDENTS BEGINNING THEIR FRESHMAN YEAR OF COLLEGE AND ARE RENEWABLE THE FOLLOWING THREE YEARS OF SCHOOL, PROVIDED THAT THE STUDENT MAINTAINS A CUMULATIVE GRADE POINT AVERAGE OF 3.00 (B) OR ABOVE FOR THE ACADEMIC YEAR. WINNERS ARE SELECTED BY A SCHOLARSHIP COMMITTEE COMPRISED OF PROMINENT EDUCATORS FROM DIFFERENT FIELDS OF KNOWLEDGE. THE SCHOLARSHIPS ARE AWARDED BASED UPON SCHOLASTIC ACHIEVEMENT, EXTRA-CURRICULAR ACTIVITIES AND PERSONAL CHARACTER. SCHOLARSHIP AWARDS ARE PAID DIRECTLY TO THE RECIPIENT'S ACCREDITED COLLEGE OR UNIVERSITY. X X X X X 0 0 0 1 0 0 0 1 0 MANOS AVRAMIDIS PRESIDENT/CEO/TRUSTEE 617575 0 204980 0 1242 0 4575 0 54182 0 882554 0 0 0 GREG ADAMS SVP/CHIEF FINANCIAL OFFICER 291986 0 100140 0 2042 0 4803 0 44032 0 443003 0 0 0 RICHARD BARTON SVP/CHIEF INFORMATION OFFICER 266799 0 92391 0 1209 0 4575 0 48129 0 413103 0 0 0 RICHARD FONTAINE SVP, CHIEF MARKETING OFFICER 268783 0 88282 0 1198 0 4199 0 44332 0 406794 0 0 0 KERRY C BLONSKI SVP, CORPORATE LEARNING SOLUTIONS-US 214424 0 73476 0 1393 0 4488 0 41711 0 335492 0 0 0 BARBARA ZUNG SVP/CHIEF HR OFFICER 208006 0 68477 0 316 0 4192 0 47855 0 328846 0 0 0 WANDA GUNDERMAN VP, FIN. PLANNING & ANALYSIS, USME 188341 0 35150 0 429 0 3123 0 47177 0 274220 0 0 0 CHERYL STERN REGIONAL DIRECTOR 91944 0 150315 0 695 0 3474 0 17882 0 264310 0 0 0 MARNI FRIEDLANDER SVP/GENERAL COUNSEL/SECRETARY 199380 0 11687 0 297 0 1339 0 39196 0 251899 0 0 0 JEFFREY BECKER DIRECTOR OF SALES 124725 0 98400 0 216 0 3402 0 17535 0 244278 0 0 0 NISSA HARVEY VP, FINANCE/TREASURER 145209 0 25500 0 173 0 2572 0 3598 0 177052 0 0 0 PART I, LINE 5 THE ORGANIZATION PAYS COMMISSIONS TO ITS REGIONAL SALES DIRECTOR AND DIRECTOR OF SALES BASED UPON THEIR ACHIEVEMENT OF CERTAIN SALES QUOTAS AND SUCH AMOUNTS ARE INCLUDED AS TAXABLE COMPENSATION IN COLUMN (B)(II). AMOUNTS EARNED BUT NOT YET PAID ARE ACCRUED ACCORDINGLY. PART I, LINE 7 THE ORGANIZATION HAS AN INCENTIVE COMPENSATION PROGRAM FOR ITS EXECUTIVE STAFF. UPON MEETING ESTABLISHED TARGETS, PARTICIPANTS ARE ELIGIBLE FOR PAYMENT, SUBJECT TO THE BOARD'S DISCRETION. GENERAL STATEMENT ABOUT THE COVID-19 PANDEMIC'S IMPACT: THE COVID-19 PANDEMIC, WHOSE EFFECTS FIRST BECAME KNOWN IN JANUARY 2020, CAUSED ECONOMIC INTERRUPTIONS THROUGH MANDATED AND VOLUNTARY CLOSINGS OF BUSINESSES AND ORGANIZATIONS THROUGHOUT THE WORLD. THE ASSOCIATION WORKED TOGETHER AS A WORLDWIDE ORGANIZATION AND KEPT MOVING FORWARD BY BEING AGILE AND RESPONSIVE WITH ITS ACTIVITIES. DURING FISCAL 2023, THE ASSOCIATION RECEIVED EMPLOYEE RETENTION TAX CREDITS OF $2,272,658, MADE AVAILABLE UNDER THE CORONAVIRUS AID, RELIEF AND ECONOMIC SECURITY ACT (THE "CARES ACT"). THIS AMOUNT IS INCLUDED IN GOVERNMENT GRANTS ON PART VIII, LINE 1E OF FORM 990 THE YEAR ENDED MARCH 31, 2023. FORM 990, PART I, LINE 1 AND PART III, LINE 1: ORGANIZATION'S MISSION AMERICAN MANAGEMENT ASSOCIATION INTERNATIONAL (THE "ASSOCIATION OR "AMA") IS A MEMBERSHIP-BASED MANAGEMENT EDUCATION ORGANIZATION. THE ASSOCIATION OFFERS A FULL RANGE OF BUSINESS EDUCATION AND MANAGEMENT DEVELOPMENT PROGRAMS FOR INDIVIDUALS AND ORGANIZATIONS, WORLDWIDE. THE ASSOCIATION, INCORPORATED BY THE REGENTS OF THE UNIVERSITY OF THE STATE OF NEW YORK, IS EXEMPT FROM UNITED STATES FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. FORM 990, PART IV, LINE 12: CONSOLIDATED FINANCIAL STATEMENTS: AMERICAN MANAGEMENT ASSOCIATION INTERNATIONAL IS AUDITED IN COMBINATION WITH ITS BRANCH IN BELGIUM AND ITS AFFILIATED ENTITIES IN EUROPE, CANADA, AND MEXICO. ALTHOUGH SEPARATE AUDITED FINANCIAL STATEMENTS ARE NOT ISSUED FOR THE TAX REPORTING ENTITY, A CONSOLIDATED AUDITED FINANCIAL STATEMENT WAS ISSUED FOR THE FISCAL YEAR ENDED MARCH 31, 2023 WHICH WAS PREPARED IN ACCORDANCE WITH GAAP. FORM 990, PART VI, SECTION A, LINE 3 DURING THE REPORTING YEAR, THE ASSOCIATION DELEGATED THE DAY-TO-DAY MANAGEMENT OF ITS EUROPEAN OPERATIONS TO AN INDEPENDENT CONTRACTOR EMPLOYED BY THE INVICE LTD. THIS INDIVIDUAL WORKS UNDER THE DIRECT SUPERVISION OF THE ASSOCIATION'S OFFICERS. MR. PATRICK FANIEL OVERSEES THE OPERATIONS OF THE ASSOCIATION'S BRANCH OFFICE IN BELGIUM, AS WELL AS AMERICAN MANAGEMENT ASSOCIATION EUROPE SA, A RELATED ORGANIZATION. HIS RESPONSIBILITIES INCLUDE BUT ARE NOT LIMITED TO: DIRECTING BUSINESS ACTIVITIES; PLANNING AND EXECUTING THE EUROPEAN BUDGET; GENERAL HUMAN RESOURCES DUTIES SUCH AS HIRING, FIRING AND SUPERVISING PERSONNEL. ALL ACTIONS AND DECISIONS ARE SUBJECT TO PARENT COMPANY OVERSIGHT AND ADHERE TO THE ASSOCIATION'S CORPORATE POLICIES AND PROCEDURES. FOR THE YEAR ENDED DECEMBER 31, 2022, THE ASSOCIATION PAID MR. FANIEL 206,680 EUROS FOR SERVICES, AND A DE MINIMUS AMOUNT FOR BUSINESS EXPENSE REIMBURSEMENTS. FORM 990, PART VI, SECTION A, LINE 6 ORGANIZATION MEMBERS AMA IS A MEMBER-BASED ORGANIZATION WITH THREE CLASSES OF MEMBERS: COMPANY MEMBERS, INDIVIDUAL MEMBERS AND E-MEMBERS. EACH PERSON ENROLLED AS A COMPANY MEMBER AND EACH PERSON ENROLLED AS AN INDIVIDUAL MEMBER SHALL HAVE VOTING RIGHTS; E-MEMBERS DO NOT HAVE ANY VOTING RIGHTS. FORM 990, PART VI, SECTION A, LINE 7A COMPANY AND INDIVIDUAL MEMBERS ARE AUTHORIZED TO ELECT AMA'S BOARD OF TRUSTEES (OTHER THAN THE PRESIDENT, CHAIR OF THE BOARD AND VICE CHAIR OF THE BOARD). FORM 990, PART VI, SECTION A, LINE 7B CERTAIN TRANSACTIONS OF THE CORPORATION, ACCORDING TO THE BY-LAWS AND/OR ARTICLES OF INCORPORATION, ARE APPROVED BY THE COMPANY AND INDIVIDUAL MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B PROCESS USED TO REVIEW FORM 990 THE ASSOCIATION'S FORM 990 IS INITIALLY PREPARED BY AN INDEPENDENT ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY THE ORGANIZATION'S FINANCE DEPARTMENT IN CONSULTATION WITH VARIOUS STAFF. THE DRAFT RETURN IS FIRST REVIEWED BY THE ASSOCIATION'S FINANCE DEPARTMENT AND EXECUTIVES. IT IS THEN PROVIDED TO THE ASSOCIATION'S BOARD OF TRUSTEES AND AUDIT COMMITTEE FOR REVIEW PRIOR TO FILING THE FORM 990 WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C MONITORING AND COMPLIANCE WITH CONFLICT OF INTEREST POLICY ALL NEW EMPLOYEES AND TRUSTEES ARE REQUIRED TO SUBMIT A CONFLICT OF INTEREST DISCLOSURE STATEMENT AT THE TIME OF HIRING OR PRIOR TO ELECTION TO THE BOARD, RESPECTIVELY, MAKING KNOWN ANY OUTSIDE AFFILIATIONS WHICH MAY POTENTIALLY CAUSE A CONFLICT OF INTEREST. ALL CURRENT EMPLOYEES (OTHER THAN OFFICERS AND KEY EMPLOYEES) ARE REQUIRED TO SUBMIT AN ANNUAL CONFLICT OF INTEREST DISCLOSURE STATEMENT TO THE GENERAL COUNSEL, DISCLOSING ALL SUCH POTENTIAL CONFLICTS. ALL CURRENT TRUSTEES, OFFICERS AND KEY EMPLOYEES ARE REQUIRED TO SUBMIT AN ANNUAL CONFLICT OF INTEREST ACKNOWLEDGEMENT AND DISCLOSURE STATEMENT TO THE BOARD SECRETARY, DISCLOSING ALL OUTSIDE AFFILIATIONS WHICH MAY POTENTIALLY CAUSE A CONFLICT OF INTEREST. IN ADDITION, EMPLOYEES ARE REQUIRED TO DISCLOSE TO THE PRESIDENT/CEO OR THE GENERAL COUNSEL, AND TRUSTEES, OFFICERS AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE TO THE AUDIT COMMITTEE CHAIRMAN, RESPECTIVELY, ANY POTENTIAL CONFLICTS OF INTEREST OR VIOLATIONS OF THE CONFLICT OF INTEREST POLICY AS THEY ARISE. IF NECESSARY, APPROPRIATE ACTION IS TAKEN TO RESOLVE ANY SUCH CONFLICTS OR VIOLATIONS. FORM 990, PART VI, SECTION B, LINE 15 EXECUTIVE COMPENSATION REVIEW AMA'S EXECUTIVE COMPENSATION IS REVIEWED AND APPROVED BY ITS COMPENSATION & BENEFITS COMMITTEE (THE "COMMITTEE") AND BOARD OF TRUSTEES (THE "BOARD"). THE PROCESS INCLUDES THE INDEPENDENT COMMITTEE SEEKING THE ADVICE OF AN OUTSIDE COMPENSATION FIRM. THE OUTSIDE FIRM BENCHMARKS EXECUTIVE COMPENSATION USING VALIDATED SURVEY DATA THAT FOCUSES ON THE MARKETPLACE THAT THEY AND THE COMMITTEE HAVE DEFINED AS APPROPRIATE. THE COMMITTEE MEETS AT LEAST ONCE A YEAR. THE COMMITTEE REVIEWS AND APPROVES ALL EXECUTIVE COMPENSATION WITH THE EXCEPTION OF THE CEO, WHOSE COMPENSATION REVIEW REQUIRES ADDITIONAL APPROVAL STEPS. THE COMMITTEE REVIEWS AND RECOMMENDS TO THE FULL BOARD ALL COMPENSATION MATTERS RELATED TO THE CEO. THE FULL BOARD THEN REVIEWS AND APPROVES THE COMPENSATION OF THE CEO. THE APPROVALS ARE DOCUMENTED IN THE MEETING MINUTES WHICH ARE MAINTAINED BY THE OFFICE OF THE SECRETARY AND GENERAL COUNSEL. THIS PROCESS WAS MOST RECENTLY COMPLETED IN SEPTEMBER 2023. FORM 990, PART VI, SECTION C, LINE 19 PUBLIC AVAILABILITY OF DOCUMENTS THE ORGANIZATION'S BY-LAWS, CERTIFICATE OF INCORPORATION, CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. ALSO, THE FEDERAL FORM 990 WHICH INCLUDES FINANCIAL AND OTHER DISCLOSURES IS AVAILABLE ON GUIDESTAR AND UPON REQUEST. FORM 990, PART XI, LINE 9: CURRENT YEAR MOVEMENT - SFAS 158: 388,707. CURRENT YEAR MOVEMENT - SFAS 106: 114,194. CUMULATIVE TRANSLATION ADJUSTMENT: 29,379. FORM 990, PART XII: CONSOLIDATED FINANCIAL STATEMENT: AMERICAN MANAGEMENT ASSOCIATION INTERNATIONAL IS PART OF A CONSOLIDATED FINANCIAL STATEMENT AUDIT IN COMBINATION WITH ITS RELATED ORGANIZATIONS. THE CONSOLIDATED FINANCIAL STATEMENTS ISSUED FOR THE FISCAL YEAR ENDED MARCH 31, 2023 WERE PREPARED IN ACCORDANCE WITH GAAP. 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