2020-11-02T11:16:47-06:00 2019-08-31 131655065 LUTZ AND CARR CPAS LLP 551 FIFTH AVENUE SUITE 400 NEW YORK NY 10176 990 2018-09-01 131623881 AMERICAN ACADEMY IN ROME AMER 2127517200 7 EAST 60TH STREET NEW YORK NY 100221001 JENNI KIM VP FINANCE AND ADMINISTRATION 2127517200 2020-10-30 1 FREDERICK MARTENS P00298107 2126972299 38.142.140.186 2020-10-30 11:36:42 ED P 59DB2DCED2F0F031B1229EEE1E2D2F031B4345D1 9302FFB6CF1CC3889499E422F782799A8B0A3607 2018 2021-01-29 14:40:06Z X MARK ROBBINS 7 EAST 60TH STREET NEW YORK NY 100221001 26660320 0 X WWW.AAROME.ORG X 1894 DC THE AMERICAN ACADEMY IN ROME SUPPORTS INNOVATIVE ARTISTS AND SCHOLARS LIVING AND WORKING TOGETHER IN A DYNAMIC INTERNATIONAL COMMUNITY IN ROME. 48 48 26 43 52180 52180 6213420 10510544 2381810 2416588 5193958 5730570 46871 63827 13836059 18721529 859700 910450 0 0 5198284 5527495 0 0 1560393 6785162 6814034 12843146 13251979 992913 5469550 132556666 132173045 2897372 3344810 129659294 128828235 X THE AMERICAN ACADEMY IN ROME SUPPORTS INNOVATIVE ARTISTS AND SCHOLARS LIVING AND WORKING TOGETHER IN A DYNAMIC INTERNATIONAL COMMUNITY IN ROME. 0 0 5514825 910450 2416588 FELLOWSHIPS AND RESIDENCIES:THROUGH ITS ANNUAL ROME PRIZE FELLOWSHIP PROGRAM, THE ACADEMY SUPPORTED THIRTY-THREE INDIVIDUALS WORKING IN ARCHITECTURE, ANCIENT STUDIES, DESIGN, HISTORIC PRESERVATION AND CONSERVATION, LANDSCAPE ARCHITECTURE, LITERATURE, MEDIEVAL STUDIES, MODERN ITALIAN STUDIES, MUSICAL COMPOSITION, RENAISSANCE AND EARLY MODERN STUDIES, AND VISUAL ARTS. THE FELLOWSHIP WINNERS IN RESIDENCE AT THE ACADEMY PURSUE THEIR OWN INDEPENDENT PROJECTS FOR PERIODS OF 5 MONTHS TO 2 YEARS. IN ADDITION, THE ACADEMY COMMUNITY INCLUDED SIXTEEN RESIDENTS, WHO ARE EMINENT ARTISTS AND SCHOLARS WHO STAY AT THE ACADEMY FOR PERIODS UP TO 4 MONTHS, TWENTY-THREE AFFILIATED FELLOWS, SELECTED BY SPONSORING INSTITUTIONS, AND SIX ITALIAN FELLOWS, SELECTED BY THE ACADEMY TO STAY AT THE ACADEMY FOR PERIODS OF 3 OR 4 MONTHS. 1641847 OTHER RESIDENTIAL PROGRAMS:THE ACADEMY COMMUNITY INCLUDED 135 VISITING ARTISTS AND SCHOLARS WHO RENT ROOMS, APARTMENTS, STUDY SPACES, AND STUDIOS WHILE PURSUING THEIR RESEARCH IN ROME. 1553072 ARTHUR AND JANET C. ROSS LIBRARY:THE LIBRARY'S WIDE-RANGING CATALOGUE INCLUDES INVALUABLE COLLECTIONS IN HISTORY, ARCHAEOLOGY, AND THE ART OF ROME AND ITALY. IT INCLUDES AN EXTENSIVE PHOTOGRAPHIC ARCHIVE DOCUMENTING ROME'S MANY MONUMENTS AS WELL AS A COMPREHENSIVE RECORD OF THE WORK OF PAST ROME PRIZE FELLOWS, AND A SMALL BUT VARIED TEACHING COLLECTION OF ANTIQUITIES RANGING FROM STATUES AND INSCRIPTIONS TO POTTERY AND MILLSTONES. WITH OVER 167,000 HOLDINGS IN CLASSICAL STUDIES AND THE HISTORY OF ART AND ARCHITECTURE, THE LIBRARY IS WIDELY RESPECTED FOR ITS COLLECTIONS IN ANCIENT MEDITERRANEAN ARCHAEOLOGY AND ART, GREEK AND LATIN LITERATURE, ANCIENT TOPOGRAPHY INCLUDING THE HISTORY OF THE CITY OF ROME, ANCIENT RELIGIONS, AS WELL AS RELATED FIELDS SUCH AS EPIGRAPHY, NUMISMATICS AND PAPYROLOGY. THE RARE BOOK COLLECTION CONSISTS CHIEFLY OF 16TH TO 18TH CENTURY IMPRINTS IN CLASSICAL STUDIES, ARCHAEOLOGY, ART, AND ARCHITECTURE, INCLUDING A SIZEABLE COLLECTION OF ROMAN GUIDEBOOKS AND EARLY ART TREATISES. FURTHER INCLUDED ARE TITLES IN CONTEMPORARY ART AND ARCHITECTURE, LANDSCAPE ARCHITECTURE, ITALIAN HISTORY AND LITERATURE, AMERICAN LITERATURE, HISTORICAL TRAVEL BOOKS, AND MUSIC. THE MAIN USERS OF THE LIBRARY ARE THE FELLOWS AND RESIDENTS OF THE AMERICAN ACADEMY, BUT READING PASSES ARE ALSO ISSUED TO ITALIAN SCHOLARS, QUALIFIED ROMAN RESIDENTS, AND VISITING ARTISTS AND SCHOLARS. THE LIBRARY COUNTS APPROXIMATELY 9,000 VISITS ANNUALLY. 1369001 ARTS AND HUMANITIES EVENTS, SUMMER PROGRAMS, PUBLICATIONS AND OTHER PROGRAMS.THE ARTHUR AND JANET C. ROSS LIBRARY OF THE AMERICAN ACADEMY IN ROME CONTAINS OVER 167,000 HOLDINGS IN THE FIELDS OF CLASSICAL STUDIES, AND THE HISTORY OF ART AND ARCHITECTURE. ESPECIALLY STRONG, ARE THE COLLECTIONS IN ANCIENT MEDITERRANEAN ARCHAEOLOGY AND ART, GREEK AND LATIN LITERATURE, ANCIENT TOPOGRAPHY (INCLUDING THE HISTORY OF THE CITY OF ROME), ANCIENT RELIGIONS, AND RELATED FIELDS SUCH AS EPIGRAPHY, NUMISMATICS AND PAPYROLOGY. THE RARE BOOK COLLECTION COMPRISES CHIEFLY 16TH-18TH CENTURY IMPRINTS IN CLASSICAL STUDIES, ARCHAEOLOGY, ART AND ARCHITECTURE, INCLUDING SIZEABLE COLLECTIONS OF ROMAN GUIDEBOOKS AND EARLY ART TREATISES.THE PHOTOGRAPHIC ARCHIVE OF THE AMERICAN ACADEMY IN ROME CONSISTS OF SEVERAL VALUABLE AND SPECIALIZED COLLECTIONS OF PHOTOGRAPHS ON ARCHAEOLOGY, ARCHITECTURE AND ART, AS WELL AS LANDSCAPE ARCHITECTURE AND GARDENS. IT ALSO INCLUDES SPECIAL COLLECTIONS IMPORTANT TO THE HISTORY OF THE ACADEMY.THE AMERICAN ACADEMY IN ROME FURTHER MAINTAINS A SMALL BUT VARIED COLLECTION OF ARCHAEOLOGICAL ARTIFACTS AVAILABLE FOR STUDY. THE COLLECTION INCLUDES POTTERY, FROM GREEK GEOMETRIC VASES OF THE EIGHTH CENTURY BC TO ROMAN COMMON WARE OF THE LATER EMPIRE, ARCHITECTURAL TERRACOTTAS, CINERARY URNS, VOTIVE OBJECTS, JEWELRY, COINS, OIL LAMPS, ALL SORTS OF SCULPTURE (IN TERRACOTTA AND STONE, IN RELIEF AND IN THE ROUND), ETRUSCAN MIRRORS, AND SAMPLES OF THE MOST IMPORTANT ANCIENT MARBLE TYPES.THESE MATERIALS ARE USED FOR EDUCATION, STUDY, AND RESEARCH PURPOSES. 1369001 10078745 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 0 0 1 0 1 1 0 1 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 26 0 1 26 1 1 1 1 IT 0 0 0 1 1 0 0 0 0 0 0 X 48 48 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY X JENNI KIM 2127517200 7 EAST 60TH STREET NEW YORK NY 100221001 MARY MARGARET JONES CHAIR 5.00 X X 0 0 0 PROFESSOR C BRIAN ROSE VICE-CHAIR 2.00 X X 0 0 0 NANCY NOVOGROD SECRETARY 2.00 X X 0 0 0 MARK ROBBINS PRESIDENT 50.00 X X 436397 0 54022 JOHN M SHAPIRO VICE-CHAIR 2.00 X X 0 0 0 SIR DAVID ADJAYE TRUSTEE 1.00 X 0 0 0 LAURIE ANDERSON TRUSTEE 1.00 X 0 0 0 ALESSIA ANTINORI TRUSTEE 1.00 X 0 0 0 PIERPAOLO BARZAN TRUSTEE 1.00 X 0 0 0 CYNTHIA L BECK TRUSTEE 1.00 X 0 0 0 MICHAEL BIERUT TRUSTEE 1.00 X 0 0 0 SUSANNA BORGHESE TRUSTEE 1.00 X 0 0 0 JIM BRENNAN TRUSTEE 1.00 X 0 0 0 MARTIN BRODY TRUSTEE 1.00 X 0 0 0 CARY J DAVIS TRUSTEE 1.00 X 0 0 0 SHARON DAVIS TRUSTEE 1.00 X 0 0 0 GINEVRA ELKANN TRUSTEE 1.00 X 0 0 0 MARY E FRANK TRUSTEE 1.00 X 0 0 0 LYLE ASHTON HARRIS TRUSTEE 1.00 X 0 0 0 GUY HEDREEN TRUSTEE 1.00 X 0 0 0 MICHELLE HOBART TRUSTEE 1.00 X 0 0 0 PROFESSOR WALTER J HOOD TRUSTEE 1.00 X 0 0 0 HENRY P JOHNSON TRUSTEE 1.00 X 0 0 0 DAVID I KERTZER TRUSTEE 1.00 X 0 0 0 DR DAVID A LANG TRUSTEE 1.00 X 0 0 0 THOMAS MAYNE TRUSTEE 1.00 X 0 0 0 WILLIAM B MCGURN III TRUSTEE 1.00 X 0 0 0 ROBERTO A MIGNONE TREASURER 1.00 X X 0 0 0 SIMON MORDANT TRUSTEE 1.00 X 0 0 0 DR HELEN NAGY TRUSTEE 1.00 X 0 0 0 JOHN OCHSENDORF TRUSTEE 1.00 X 0 0 0 JAMES PALLOTTA TRUSTEE 1.00 X 0 0 0 JOHN PHILLIPS TRUSTEE 1.00 X 0 0 0 KELLY POWELL TRUSTEE 1.00 X 0 0 0 JESSIE PRICE TRUSTEE 1.00 X 0 0 0 FRANCINE C PROSE TRUSTEE 1.00 X 0 0 0 MICHAEL ROCK TRUSTEE 1.00 X 0 0 0 JOHN FW ROGERS VICE-CHAIR 1.00 X 0 0 0 MICHELE R SALZMAN TRUSTEE 1.00 X 0 0 0 LOUISA STUDE SAROFIM TRUSTEE 1.00 X 0 0 0 PROFESSOR FRANK M SNOWDEN TRUSTEE 1.00 X 0 0 0 DAVID M STONE TRUSTEE 1.00 X 0 0 0 ROBERT STORR TRUSTEE 1.00 X 0 0 0 CALVIN TSAO TRUSTEE 1.00 X 0 0 0 ADAM D WEINBERG TRUSTEE 1.00 X 0 0 0 CHARLES K WILLIAMS TRUSTEE 1.00 X 0 0 0 TOD WILLIAMS TRUSTEE 1.00 X 0 0 0 FRED D WILSON TRUSTEE 1.00 X 0 0 0 JENNI KIM VP FOR FINANCE AND ADMIN. 50.00 X 188906 0 26406 PAOLA GAETANI GENERAL MANAGER 50.00 X 142294 0 48380 CRISTINA PUGLISI DEPUTY DIRECTOR 50.00 X 127219 0 19383 SEBASTIAN HIERL DRUE HEINZ LIBRARIAN 50.00 X 123382 0 41950 1018198 0 190141 5 0 1 0 BIASER IMPIANTI SRL VIA FVITALINI 23 ROME IT 00155 BUILDING RENOVATIONS 507303 MASSACHUSETTS INSTITUTE OF TECHNOLOGY 77 MASSACHUSETTS AVE CAMBRIDGE MA 02139 ROME DIRECTION 255344 UNIVERSITY OF OHIO PO BOX 60 ATHENS OH 45701 ROME DIRECTION 139209 AREA COMUNICAZIONE E INFORMATICA SRL VIA GIAN DOMENICO ROMAGNOSI 3 ROME IT 00196 INFORMATION TECHNOLOGY 130508 MONTICELLO ASSOCIATES 1800 LARIMER STREET DENVER CO 80202 INVESTMENT MANAGEMENT 125000 5 1355388 260787 8894369 192864 10510544 PROGRAM RENTAL INCOME 711190 1637616 1637616 TUITION & FEES 611710 778972 778972 2416588 570274 52180 518094 1207601 1186028 21573 21573 21573 11764744 6604448 5160296 5160296 5160296 148315 1355388 148315 0 OTHER REVENUE 900099 42254 42254 42254 18721529 2416588 52180 5742217 X 851750 851750 58700 58700 968551 208850 387410 372291 3369090 2763777 239546 365767 94444 65097 13628 15719 331533 247271 37452 46810 763877 526770 108728 128379 104766 45857 58909 47378 47378 291678 291678 1823849 1518267 217473 88109 1897 565 1332 892338 796209 25339 70790 1748957 1585582 53691 109684 353393 300287 38510 14596 157207 91729 9681 55797 979459 974945 1544 2970 GALA EVENT EXPENSES 261711 261711 MISCELLANEOUS 151401 43654 81309 26438 13251979 10078745 1612841 1560393 1866579 2613390 1984660 2637029 1334473 1125722 38062849 22343163 16945423 15719686 29140195 33967150 81055401 76084912 229935 25156 132556666 132173045 1753545 1769797 220770 697942 923057 877071 2897372 3344810 X 38874788 35624238 34794756 31831190 55989750 61372807 129659294 128828235 132556666 132173045 X 5469550 -5160192 -1140417 X 0 1 X 1 0 X 4967034 3923337 6865556 6213420 10510544 32479891 4967034 3923337 6865556 6213420 10510544 32479891 1509341 30970550 1633837 1662594 2049852 1987854 1363991 8698128 77625 29666 20910 25786 52180 206167 5426 4367 10170 9412 42254 71629 41455815 11050604 0.74710 0.68150 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 107783742 5501710 454259 904450 4492188 108343073 104607629 2837999 5591718 809500 4444104 107783742 93614433 2537512 13875139 817400 4602055 104607629 94509189 481779 4211751 686000 4902286 93614433 106313752 2178438 -8567836 696000 4719165 94509189 0.19270 0.55870 0.24870 0 0 38062849 22343163 15719686 15719686 -229705 F DAVIDSON KEMPNER INSTITUTIONAL PARTNERS,LP 5851784 F NEW CENTURY HOLDINGS XI,LP 92803 F FARALLON CAPITAL INSTITUTIONAL PARTNERS,LP 8147347 F NEWPORT ASIA INSTITUTIONAL FUND, LLC 2818324 F ADAMAS PARTNERS, LP 3898661 F ADAMAS OPPORTUNITIES, LP 3601437 F TACONIC OPPORTUNITY OFFSHORE FUND 4748678 F LANSDOWNE EUROPEAN EQUITY FUND 4244254 F SEMPER VIC PARTNERS, L.P. 8771420 F WAMCO US CORE BOND FUND 7785228 F MW EUREKA FUND 3589935 F HIGHCLERE 3535404 F CEVIAN CAPITAL II, LTD 4276418 F IRIDIAN FUND 8903041 F GQG EMERGING MKTS FUND 2934900 F RENAISSANCE FUND, LTD 3116485 F OTHER -1502 C 76084912 SEVERANCE LIABILITIES 822249 OTHER LIABILITIES 54822 877071 12129242 -5160192 -1140417 -6300609 18429851 291678 291678 18721529 12960301 0 12960301 291678 291678 13251979 PART III, LINE 4: THE ARTHUR AND JANET C. ROSS LIBRARY OF THE AMERICAN ACADEMY IN ROME CONTAINS OVER 167,000 VOLUMES IN THE FIELDS OF CLASSICAL STUDIES, AND THE HISTORY OF ART AND ARCHITECTURE. ESPECIALLY STRONG, ARE THE COLLECTIONS IN ANCIENT MEDITERRANEAN ARCHAEOLOGY AND ART, GREEK AND LATIN LITERATURE, ANCIENT TOPOGRAPHY (INCLUDING THE HISTORY OF THE CITY OF ROME), ANCIENT RELIGIONS, AND RELATED FIELDS SUCH AS EPIGRAPHY, NUMISMATICS AND PAPYROLOGY. THE RARE BOOK COLLECTION COMPRISES CHIEFLY 16TH-18TH CENTURY IMPRINTS IN CLASSICAL STUDIES, ARCHAEOLOGY, ART AND ARCHITECTURE, INCLUDING SIZEABLE COLLECTIONS OF ROMAN GUIDEBOOKS AND EARLY ART TREATISES. THE PHOTOGRAPHIC ARCHIVE OF THE AMERICAN ACADEMY IN ROME CONSISTS OF SEVERAL VALUABLE AND SPECIALIZED COLLECTIONS OF PHOTOGRAPHS ON ARCHAEOLOGY, ARCHITECTURE AND ART, AS WELL AS LANDSCAPE ARCHITECTURE AND GARDENS. IT ALSO INCLUDES SPECIAL COLLECTIONS IMPORTANT TO THE HISTORY OF THE ACADEMY. THE AMERICAN ACADEMY IN ROME MAINTAINS A SMALL BUT VARIED COLLECTION OF ARCHAEOLOGICAL ARTIFACTS AVAILABLE FOR STUDY. THE COLLECTION INCLUDES POTTERY, FROM GREEK GEOMETRIC VASES OF THE EIGHTH CENTURY BC TO ROMAN COMMON WARE OF THE LATER EMPIRE, ARCHITECTURAL TERRACOTTAS, CINERARY URNS, VOTIVE OBJECTS, JEWELRY, COINS, OIL LAMPS, ALL SORTS OF SCULPTURE (IN TERRACOTTA AND STONE, IN RELIEF AND IN THE ROUND), ETRUSCAN MIRRORS, AND SAMPLES OF THE MOST IMPORTANT ANCIENT MARBLE TYPES. THESE MATERIALS ARE USED FOR EDUCATION, STUDY, AND RESEARCH PURPOSES. PART V, LINE 4: THE ENDOWMENT FUNDS GENERATE ONGOING SUPPORT FOR THE ACADEMY'S PROGRAMS. THE MAJORITY OF THE INCOME SUPPORTS THE COST OF FELLOWSHIPS AND RESIDENCIES, AS WELL AS THE OPERATION OF THE ACADEMY'S LIBRARY. PART XI, LINE 2D - OTHER ADJUSTMENTS: FOREIGN CURRENCY TRANSLATION ADJUSTMENT -1,259,393. NET IMPACT OF FOREIGN CURRENCY PROGRAM 118,976. 1 EUROPE 1 45 PROGRAM SERVICES OPERATION OF RESIDENTIAL RESEARCH CENTER 6476265 EUROPE 1 3 MANAGEMENT AND GENERAL (JANUS, S.U.R.L.) 1161720 EUROPE 1 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION 58700 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 20633794 3 48 0 0 3 48 28330479 0 28330479 FELLOWSHIPS EUROPE 6 58700 BANK CHECK 0 0 0 1 0 0 PART I, LINE 2: STIPENDS AND SCHOLARSHIPS ARE AWARDED TO COVER EXPENSES WHILE PARTICIPATING IN ACADEMY PROGRAMS. IN ORDER TO RECEIVE THE AWARDS, THE RECIPIENTS MUST BE ON SITE AT THE PROGRAM. NY GALA 354200 281509 72691 72691 ROME - GALA 587503 511879 75624 75624 941703 793388 148315 148315 148315 0 1 FELLOWSHIPS 38 851750 PART I, LINE 2: STIPENDS AND SCHOLARSHIPS ARE AWARDED TO COVER EXPENSES WHILE PARTICIPATING IN ACADEMY PROGRAMS. IN ORDER TO RECEIVE THE AWARDS, THE RECIPIENTS MUST BE ON SITE AT THE PROGRAM. X 1 1 X X X X 0 1 0 0 0 0 0 0 0 MARK ROBBINS PRESIDENT 436397 0 0 0 0 0 43756 0 10266 0 490419 0 0 0 JENNI KIM VP FOR FINANCE AND ADMIN. 188906 0 0 0 0 0 16140 0 10266 0 215312 0 0 0 PAOLA GAETANI GENERAL MANAGER 142294 0 0 0 0 0 0 0 48380 0 190674 0 0 0 SEBASTIAN HIERL DRUE HEINZ LIBRARIAN 123382 0 0 0 0 0 0 0 41950 0 165332 0 0 0 PART I, LINE 1B HOUSING IS PROVIDED TO THE ACADEMY'S RESIDENTIAL OFFICERS, WHO SERVE FOR FIXED TERMS AND ARE GENERALLY FROM THE U.S. AND MAY BE SECONDED BY U.S. UNIVERSITIES. THE PRESIDENT OF THE ACADEMY RECEIVES PAID MEMBERSHIP IN TWO SOCIAL CLUBS IN WHICH MEMBERSHIP ALSO SERVES A RELATED BUSINESS PURPOSE FOR THE ACADEMY. PART I, LINE 4B MARK ROBBINS - DEFERRED COMPENSATION ACCRUED (NON-QUALIFIED) - $17,438 X 13 192864 AVERAGE VALUE 0 0 1 0 FORM 990, PART VI, SECTION A, LINE 7A THE ACADEMY HAS AN ADVISORY COUNCIL TO THE COMMITTEE ON THE HUMANITIES. THE MEMBERS OF THE ADVISORY COUNCIL REPRESENT ACADEMIC INSTITUTIONS WHICH ANNUALLY CONTRIBUTE FUNDS TO THE ACADEMY. THE BOARD OF TRUSTEES SHALL ELECT TO ITS NUMBER EVERY THREE YEARS FOR A THREE YEAR TERM A PERSON NOMINATED BY THE ADVISORY COUNCIL. THE BOARD ELECTS TO ITS NUMBER EVERY TWO YEARS FOR A TWO-YEAR TERM A PERSON ELECTED AS THE PRESIDENT OF THE COUNCIL OF THE SOCIETY OF FELLOWS. THE SOCIETY OF FELLOWS IS AN ORGANIZATION WHOSE MEMBERSHIP IS COMPRISED OF THOSE WHO HAVE BEEN AWARDED A FELLOWSHIP, AFFILIATED FELLOWSHIP, OR RESIDENCY AT THE AMERICAN ACADEMY IN ROME. ROME PRIZE WINNERS BECOME MEMBERS UPON COMPLETING THEIR TERM AT THE ACADEMY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE ACADEMY'S FINANCE TEAM PRIOR TO SUBMISSION FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C A COPY OF THE CONFLICT OF INTEREST POLICY AND CONFLICT DISCLOSURE FORM IS FURNISHED TO TRUSTEES AND STAFF MEMBERS WITH HIRING OR PURCHASING AUTHORITY ANNUALLY. THE AUDIT COMMITTEE COLLECTS AND REVIEWS DISCLOSURE FORMS, AND NO CONFLICTS WERE DISCLOSED FOR THIS PERIOD. DURING A COMMITTEE'S CONSIDERATION OF A MATTER, ANY PERSON WITH A CONFLICT OR POTENTIAL CONFLICT DISCLOSES THEIR CONFLICT, RECUSES THEMSELVES FROM THE DISCUSSION AND DECISION, AND MAY RETIRE FROM THE MEETING IF NECESSARY. FORM 990, PART VI, SECTION B, LINE 15A THE PRESIDENT'S COMPENSATION IS REVIEWED BY A COMPENSATION COMMITTEE OF BOARD MEMBERS, INCLUDING THE CHAIRMAN OF THE BOARD. THE PRESIDENT'S PERFORMANCE AND COMPENSATION ARE REVIEWED ANNUALLY. THE COMPENSATION COMMITTEE REVIEWS EXECUTIVE COMPENSATION INFORMATION OBTAINED FROM OUTSIDE SOURCES SUCH AS SURVEYS AND FORM 990S FOR COMPARABLE ORGANIZATIONS, AND SETS THE PRESIDENT'S COMPENSATION. THE COMMITTEE ALSO REVIEWS A SCHEDULE OF OFFICERS AND KEY EMPLOYEES' COMPENSATION HISTORY AND ADVISES REGARDING THEIR COMPENSATION, WHICH IS SET BY THE PRESIDENT AFTER A PERFORMANCE EVALUATION. FORM 990, PART VI, SECTION C, LINE 19 COPIES OF THE ORGANIZATION'S BY-LAWS, AUDITED FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER CONSULTING FEES: PROGRAM SERVICE EXPENSES 1,518,267. MANAGEMENT AND GENERAL EXPENSES 217,473. FUNDRAISING EXPENSES 88,109. TOTAL EXPENSES 1,823,849. FORM 990, PART XI, LINE 9: FOREIGN CURRENCY TRANSLATION ADJUSTMENT -1,259,393. NET IMPACT OF FOREIGN CURRENCY PROGRAM 118,976. FORM 990 - AMENDED RETURN FOLLOWING THE COMPLETION OF THE ACADEMYS'S FINANCIAL STATEMENT AUDIT, THE FOLLOWING HAVE BEEN AMENDED: PAGE 1, ITEM M PART I, LINES 10,11,17,18,19,20,21,22 PART IV, LINE 12B PART VII, SECTION A PART VIII, LINE 11 PART IX PART X, LINE 11F PART XII, LINE 2 SCHEDULE A, PART II SCHEDULE B, PART I SCHEDULE D, PARTS V, VII, XI, XII SCHEDULE F, PART I JANUS SURL LARGO DI PORTA S PANCRAZIO 1 ROME IT 00153 EVENT SPACE RENTAL IT 1207601 664396 AMERICAN ACADEMY IN ROME