2022-02-04T14:30:43-06:00 2021-03-31 366055558 GRANT THORNTON LLP 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2020-04-01 237259445 AMERICAN MANAGEMENT ASSOCIATION INTERNATIONAL AMER 2125868100 1601 BROADWAY NEW YORK NY 100197420 NISSA HARVEY VP FINANCE TREASURER 2125868100 2022-01-26 1 NISSA HARVEY XXX-XX-XXXX SCOTT THOMPSETT P00741490 2125990100 0 AAL1 IAL1 2020 2022-09-23 18:48:47Z MANOS AVRAMIDIS 1601 BROADWAY NEW YORK NY 100197420 31050768 0 X WWW.AMANET.ORG X 1923 NY THE ASSOCIATION IS A MEMBERSHIP-BASED MANAGEMENT EDUCATION ORGANIZATION. 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FOR MORE INFORMATION, SEE SCHEDULE O. 0 0 28158459 4500 22849559 EDUCATIONAL ACTIVITIES 1591020 0 1476675 MEMBERSHIP ACTIVITIES 29749479 1 0 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 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 303 0 1 200 1 1 1 1 BE 0 0 0 0 0 0 0 0 0 0 X 10 9 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 2125868100 1601 BROADWAY NEW YORK NY 100197420 MANOS AVRAMIDIS PRESIDENT/CEO/TRUSTEE 50.00 10.00 X X 540859 0 56697 JED BECKER TRUSTEE 4.00 0.00 X 0 0 0 MICHAEL CORCIONE TRUSTEE (AS OF 05/07/20) 2.00 0.00 X 0 0 0 JAMES M 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 EDWARD D HOROWITZ TRUSTEE (THRU 09/18/20) 4.00 0.00 X 0 0 0 BRADLEY MCCORD TRUSTEE (AS OF 05/07/20) 4.00 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 (AS OF 05/07/20) 2.00 0.00 X 0 0 0 GREG ADAMS SVP/CHIEF FINANCIAL OFFICER 50.00 10.00 X 261597 0 45530 NISSA HARVEY VP, FINANCE/TREASURER 50.00 10.00 X 134204 0 4325 ARTHUR LEVY SVP/GENERAL COUNSEL/SECRETARY 50.00 10.00 X 255405 0 33259 RICHARD BARTON SVP/CHIEF INFORMATION OFFICER 50.00 10.00 X 239854 0 46268 BARBARA ZUNG SVP/CHIEF HR OFFICER 50.00 10.00 X 186562 0 29465 MICHEL WRIGHT THRU 010821 SVP/CHIEF SALES & MARKETING OFF. 50.00 5.00 X 280053 0 7809 KERRY C BLONSKI VP, SALES - US 50.00 5.00 X 191576 0 38896 PIERA PALAZZOLO VP, DIGITAL MARKETING 50.00 0.00 X 188276 0 4234 MARIE MCDONOUGH REGIONAL DIRECTOR 50.00 0.00 X 175825 0 1902 CHERYL STERN REGIONAL DIRECTOR 50.00 0.00 X 166576 0 19337 2620787 0 287722 26 0 1 0 LSC COMMUNICATIONS US LLC PO BOX 932987 CLEVELAND OH 44193 PRINTING SERVICES 830101 GOOGLE INC 1600 AMPITHEATER PARKWAY MOUNTAIN VIEW CA 94043 MARKETING SERVICES 753132 MARKETSOURCE 7301 PARKWAY DRIVE HANOVER MD 21076 TELESALES SERVICES 694060 INFOGROUP INC PO BOX 957742 ST LOUIS MO 63195 LIST SERVICES 368268 VIATECH PUBLISHING SOLUTIONS 1440 5TH AVENUE BAY SHORE NY 11706 PRINTING SERVICES 340685 14 EDUCATIONAL ACTIVITY 611600 22849559 22849559 MEMBERSHIP ACTIVITIES 611600 1476675 1476675 24326234 1301878 1301878 451952 451952 2587493 432085 2155408 2155408 46540 2108868 19300 0 19300 19300 19300 CORP PROVISION ADJUSTM 900099 1906996 1906996 SHARED SERVICES 611600 379146 379146 LIST RENTALS 900099 8912 8912 68857 68857 2363911 30618683 24705380 46540 5866763 4500 4500 1719745 271988 1447757 8601622 6949854 1651768 27153 25379 1774 1649720 1383068 266652 621815 519415 102400 190845 190845 151362 151362 60447 60447 1517118 1236934 280184 4226303 4226303 896111 746135 149976 1110205 1110205 36242 36242 7410841 6823098 587743 33258 29441 3817 4443047 4405651 37396 14413 9030 5383 1004133 1004133 343919 333811 10108 BAD DEBT EXPENSE 511704 511704 0 EMPLOYEE RECRUITING 59750 17867 41883 AWARDS & MEDALS 59472 44972 14500 DUES & SUBSCRIPTIONS 25624 9932 15692 64670 49817 14853 34784019 29749479 5034540 0 2350548 2374346 0 0 0 0 3239175 2587286 0 0 0 0 1453768 1453756 17198 18598 2952187 1170432 41604279 37600766 4999273 4003513 6496465 8034563 0 0 0 0 0 0 60317227 60272333 81825841 79914827 9097917 4666894 0 0 10959725 9405534 0 0 0 0 0 0 217512 153650 0 0 10484387 17208204 30759541 31434282 X 51066300 48480545 0 0 51066300 48480545 81825841 79914827 X -4165336 878080 701501 X X 0 1 X 1 0 X 19881059 16862408 3018651 21723220 20738358 984862 4003513 RECEIVABLES FROM RELATED ORG: IMACAN MANAGEMENT CENTRE 32875669 RECEIVABLES FROM RELATED ORG: MGMT CENTER DE MEXICO AC 8195833 RECEIVABLES FROM RELATED ORG: AMA EUROPE SA 1377752 PAID IN CAPITAL-AMA EUROPE SA 17816179 LETTER OF CREDIT 6900 60272333 DEFERRED RENT 10567696 OTHER LIABILITIES 1315508 PAYCHECK PROTECTION PROGRAM FORGIVABLE LOAN 5325000 17208204 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, 2021 AND 2020, AS IT HAS NO MATERIAL TAX LIABILITY FROM UNRELATED BUSINESS INCOME ACTIVITIES. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 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. CENTRAL AMERICA AND THE CARIBBEAN 0 5 PROGRAM SERVICES EDUCATIONAL ACTIVITIES 16700 EAST ASIA AND THE PACIFIC 0 4 PROGRAM SERVICES EDUCATIONAL ACTIVITIES 28749 EUROPE (INCLUDING ICELAND & GREENLAND) 1 10 PROGRAM SERVICES EDUCATIONAL ACTIVITIES 60129 MIDDLE EAST AND NORTH AFRICA 0 1 PROGRAM SERVICES EDUCATIONAL ACTIVITIES 5554 NORTH AMERICA 0 1 PROGRAM SERVICES EDUCATIONAL ACTIVITIES 10164 SOUTH AMERICA 0 2 PROGRAM SERVICES EDUCATIONAL ACTIVITIES 6600 SOUTH ASIA 0 2 PROGRAM SERVICES EDUCATIONAL ACTIVITIES 1650 SUB-SAHARAN AFRICA 0 1 PROGRAM SERVICES EDUCATIONAL ACTIVITIES 340 1 26 0 0 1 26 129886 0 129886 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, SAUDI ARABIA, AND UNITED ARAB EMIRATES. X X X X X 0 0 0 1 0 0 0 0 0 MANOS AVRAMIDIS PRESIDENT/CEO/TRUSTEE 539569 0 0 0 1290 0 4459 0 52238 0 597556 0 0 0 GREG ADAMS SVP/CHIEF FINANCIAL OFFICER 260460 0 0 0 1137 0 2077 0 43453 0 307127 0 0 0 ARTHUR LEVY SVP/GENERAL COUNSEL/SECRETARY 252223 0 0 0 3182 0 2243 0 31016 0 288664 0 0 0 MICHEL WRIGHT THRU 010821 SVP/CHIEF SALES & MARKETING OFF. 278881 0 0 0 1172 0 2217 0 5592 0 287862 0 0 0 RICHARD BARTON SVP/CHIEF INFORMATION OFFICER 238826 0 0 0 1028 0 2957 0 43311 0 286122 0 0 0 KERRY C BLONSKI VP, SALES - US 190814 0 0 0 762 0 0 0 38896 0 230472 0 0 0 BARBARA ZUNG SVP/CHIEF HR OFFICER 186320 0 0 0 242 0 1419 0 28046 0 216027 0 0 0 PIERA PALAZZOLO VP, DIGITAL MARKETING 187213 0 0 0 1063 0 1657 0 2577 0 192510 0 0 0 CHERYL STERN REGIONAL DIRECTOR 71878 0 94507 0 191 0 5450 0 13887 0 185913 0 0 0 MARIE MCDONOUGH REGIONAL DIRECTOR 75021 0 100776 0 28 0 0 0 1902 0 177727 0 0 0 PART I, LINE 5 THE ORGANIZATION PAYS COMMISSIONS TO ITS REGIONAL SALES DIRECTORS 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. 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 EXTENT OF THE IMPACT OF COVID-19 ON THE ASSOCIATION'S OPERATIONAL AND FINANCIAL PERFORMANCE WILL DEPEND ON CERTAIN DEVELOPMENTS, INCLUDING THE DURATION AND SPREAD OF THE OUTBREAK AND ITS IMPACT ON THE ASSOCIATION'S EDUCATIONAL BUSINESS, INCLUDING SEMINARS, CONFERENCES, EMPLOYEES AND VENDORS, ALL OF WHICH AT PRESENT, CANNOT BE DETERMINED. ACCORDINGLY, THE EXTENT TO WHICH COVID-19 MAY IMPACT THE ASSOCIATION'S CONSOLIDATED FINANCIAL POSITION AND CHANGES IN NET ASSETS AND CASH FLOWS IS UNCERTAIN AND THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS INCLUDE NO ADJUSTMENTS RELATING TO THE EFFECTS OF THIS PANDEMIC OTHER THAN A NONOPERATING CHARGE OF APPROXIMATELY $787,000 INCURRED FOR THE YEAR ENDED MARCH 31, 2020 TO REALIGN THE ASSOCIATION'S OPERATIONS AND POSITION ITSELF FOR A LOWER VARIABLE-COST MODEL. OF THIS EXPENSE INCLUDED IN THE ACCOMPANYING CONSOLIDATED STATEMENT OF ACTIVITIES FOR THE YEAR ENDED MARCH 31, 2020, APPROXIMATELY $750,000 WAS REVERSED IN FISCAL 2021, UPON A DECISION MADE BY THE FEDERAL GOVERNMENT TO FULLY SUBSIDIZE UNEMPLOYMENT CLAIMS INCURRED DURING THE PANDEMIC. IN ADDITION, THE ASSOCIATION HAS OBTAINED RENT CONCESSIONS FROM MANY OF ITS LESSORS IN THE FORM OF A REDUCTION IN LEASE PAYMENTS FOR A PERIOD OF TIME AND A DEFERRAL OF PAYMENTS TO A LATER DATE. AS A RESULT OF THE PANDEMIC, THE ASSOCIATION VOLUNTARILY CLOSED ITS CONFERENCE CENTER OFFICES IN THE UNITED STATES, EUROPE, CANADA AND MEXICO. IN MANY PLACES, GOVERNMENTS ALSO ISSUED "STAY-AT-HOME ORDERS THAT REQUIRED BUSINESSES TO REMAIN CLOSED. THE ASSOCIATION WORKED TOGETHER AS A WORLDWIDE ORGANIZATION AND KEPT MOVING FORWARD BY BEING AGILE AND RESPONSIVE WITH ITS ACTIVITIES. IN-PERSON SEMINARS THAT WERE ORIGINALLY SCHEDULED TO TAKE PLACE FROM APRIL 2020 THROUGH MARCH 2021 WERE CANCELLED OR TRANSITIONED TO VIRTUAL EVENTS. THE IMPACT OF THE PANDEMIC CONTINUES TO CREATE UNCERTAINTY ABOUT THE FUTURE ECONOMIC OUTLOOK AND POSES A SIGNIFICANT CHALLENGE FOR THE ASSOCIATION'S EDUCATIONAL AND OTHER PROGRAM ACTIVITIES IN FISCAL 2022 DUE TO CONTINUED OFFICE CLOSURES AND PARTICIPANTS' RELUCTANCE TO GATHER IN MEETING ROOMS. THE ASSOCIATION CONTINUES TO ADHERE TO GUIDANCE FROM THE CENTERS FOR DISEASE CONTROL AND PREVENTION AND STATE, LOCAL, AND INTERNATIONAL GOVERNMENTS. IN APRIL 2020, THE ASSOCIATION RECEIVED LOAN PROCEEDS IN THE AMOUNT OF $3,325,000 UNDER THE PAYCHECK PROTECTION PROGRAM ("PPP"). THE PPP, ESTABLISHED AS PART OF THE CORONAVIRUS AID, RELIEF AND ECONOMIC SECURITY ACT ("CARES ACT"), PROVIDES LOANS TO QUALIFYING BUSINESSES FOR AMOUNTS UP TO 2.5 TIMES OF THE AVERAGE MONTHLY PAYROLL EXPENSES OF THE QUALIFYING BUSINESS. THE LOANS AND ACCRUED INTEREST ARE FORGIVABLE AFTER 24 WEEKS AS LONG AS THE BORROWER USES THE LOAN PROCEEDS FOR ELIGIBLE PURPOSES AND MAINTAINS ITS STAFFING LEVELS. ELIGIBLE COSTS INCLUDE PAYROLL, BENEFITS, RENT AND UTILITIES AND AT LEAST 60% OF THE FORGIVEN AMOUNT MUST BE USED FOR PAYROLL COSTS. THE AMOUNT OF LOAN FORGIVENESS WILL BE REDUCED IF THE BORROWER HAS NOT MAINTAINED ITS STAFFING LEVELS AT THE END OF THE 24-WEEK PERIOD UNLESS IT CAN DEMONSTRATE AN INABILITY TO RETURN TO THE SAME LEVEL OF BUSINESS ACTIVITY AS IT WAS OPERATING AT BEFORE FEBRUARY 15, 2020, DUE TO COMPLIANCE WITH REQUIREMENTS ESTABLISHED OR GUIDANCE ISSUED BY CERTAIN REGULATORY AGENCIES. THE UNFORGIVEN PORTION OF THE PPP LOAN IS PAYABLE OVER FIVE YEARS AT AN INTEREST RATE OF 1%, WITH A DEFERRAL OF PAYMENTS FOR THE FIRST SIX MONTHS. THE ASSOCIATION BELIEVES THAT ITS USE OF THE LOAN PROCEEDS WILL MEET THE FORGIVENESS CONDITIONS OF THE LOAN. IN JULY 2021, THE ASSOCIATION WAS AWARDED FULL FORGIVENESS OF ITS INITIAL PPP LOAN OF $3,325,000. IN FEBRUARY 2021, THE ASSOCIATION RECEIVED PROCEEDS FROM A SECOND PPP LOAN IN THE AMOUNT OF $2,000,000. THE TERMS AND CONDITIONS ARE IDENTICAL TO THOSE LISTED ABOVE FOR THE FIRST PPP LOAN. FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: AMA OFFERS A FULL RANGE OF BUSINESS EDUCATION & MANAGEMENT DEVELOPMENT PROGRAMS FOR INDIVIDUALS AND ORGANIZATIONS. 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, 2021 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, 2020, THE ASSOCIATION PAID MR. FANIEL 188,160 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 MARCH 2021. 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: CUMULATIVE TRANSLATION: -129,926. CURRENT YEAR MOVEMENT - SFAS 158: 798,584. CURRENT YEAR MOVEMENT - SFAS 106: 32,843. 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, 2021 WERE PREPARED IN ACCORDANCE WITH GAAP. 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