2016-02-23T11:42:12-06:00 2015-03-31 KPMG LLP 345 Park Avenue New York NY 101540102 990 2014-04-01 237259445 American Management Association International % Catherine Liberty C/O AMA In AMER 2125868100 1601 Broadway New York NY 100197420 vivianna guzman EVP/CFO/Treasurer 2125868100 2016-02-09 true devin l duncan P01249521 2127589700 2014 2016-08-17 19:52:53Z Edward Reilly 1601 Broadway New York NY 100197420 88299916 false X www.amanet.org X 1923 NY THE ASSOCIATION IS A MEMBERSHIP-BASED MANAGEMENT EDUCATION ORGANIZATION. AMA OFFERS A FULL RANGE OF BUSINESS EDUCATION & MANAGEMENT DEVELOPMENT PROGRAMS FOR INDIVIDUALS AND ORGS. 13 12 429 292 838476 -1935794 0 0 74032590 75639971 1446685 1506853 8978346 8334732 84457621 85481556 13500 12000 0 0 31270214 33319320 0 0 0 55236615 56597682 86520329 89929002 -2062708 -4447446 92154358 88364750 65317366 67470508 26836992 20894242 X AMERICAN MANAGEMENT ASSOCIATION INTERNATIONAL (THE "ASSOCIATION") IS A MEMBERSHIP-BASED MANAGEMENT EDUCATION ORGANIZATION. THE ASSOCIATION OFFERS A FULL RANGE OF BUSINESS EDUCATION AND MANAGEMENT DEVELOPMENT PROGRAMS. FOR MORE INFORMATION, SEE SCHEDULE O. false false 70183975 12000 64951875 EDUCATIONAL ACTIVITIES 7171760 6315356 MANAGEMENT PUBLICATIONS 3601334 4372740 MEMBERSHIP ACTIVITIES 80957069 true false false false false false false false false false true false false true true true false true true true true false false false false false false false true true false false false false false false false false false false false false true true true true false false true 884 0 true 429 true true true true BE FR false false false false false false false false X 13 12 false true true false true true true true true false true true true true true true true true true true false AZ CA IL MA NY OR X Catherine Liberty CO AMA In 5188911500 1601 Broadway New York NY 100197420 JED BECKER TRUSTEE 2.0 0.0 X 0 0 0 JAMES M CORGEL TRUSTEE 2.0 0.0 X 0 0 0 CHARLES R CRAIG CHAIRMAN/TRUSTEE 4.0 0.0 X X 0 0 0 LEW CRAMER TRUSTEE 2.0 0.0 X 0 0 0 JEFF DAVIS TRUSTEE 2.0 0.0 X 0 0 0 EDWARD D HOROWITZ TRUSTEE 4.0 0.0 X 0 0 0 DOUGLAS W MCCORMICK TRUSTEE 4.0 0.0 X 0 0 0 JAIME DE PINIES TRUSTEE 2.0 0.0 X 0 0 0 E JOHN RICE JR TRUSTEE 2.0 0.0 X 0 0 0 PAMELA GRUNDER SHEIFFER TRUSTEE 4.0 0.0 X 0 0 0 JAMES H WALL VICE CHAIRMAN/TRUSTEE 4.0 0.0 X X 0 0 0 DIANE C YU TRUSTEE 2.0 0.0 X 0 0 0 EDWARD T REILLY PRESIDENT/CEO/TRUSTEE 50.0 10.0 X X 790545 0 47546 VIVIANNA GUZMAN EVP/CFO/TREASURER 50.0 10.0 X 345588 0 24275 ARTHUR LEVY GENERAL COUNSEL/SECRETARY 50.0 10.0 X 270831 0 35768 RICHARD BARTON CHIEF INFORMATION OFFICER 50.0 10.0 X 254319 0 47317 MANOS AVRAMIDIS SVP/CHIEF HR OFFICER 50.0 10.0 X 208984 0 40663 CHERYL STERN REGIONAL DIRECTOR 50.0 0.0 X 471051 0 19862 ROBERT SMITH SVP, MARKETING & MEMBERSHIP 50.0 0.0 X 224730 0 17784 SAMUEL DAVIS VP, GOVT & MIDMARKET SALES 50.0 0.0 X 218254 0 38245 ROBERT MORALES VP, INTERNAL AUDIT 50.0 0.0 X 200689 0 13056 DIANE LAURENZO SVP, PRODUCT DEVELOPMENT 50.0 0.0 X 198242 0 41993 MARC DELLAERT FORMER EXEC. DIRECTOR, EUROPE 0.0 0.0 X 51279 153836 0 3234512 153836 326509 62 true true false RR Donnelley 35 West Wacker Drive Chicago IL 60601 Printing Services 1930258 Google Inc 1600 Amphitheater Parkway Mountain View CA 94043 Marketing Services 1690500 Restaura RUE CHARLES LEMAIRE 1 1160 BE Catering Services 1198252 Infogroup Inc 1020 E 1st Street Papillion NE 68046 Marketing Services 988634 St Joseph Digital Solutions 1165 KENASTON STREET CA Printing Services 833548 40 0 EDUCATIONAL ACTIVITY 611600 64951875 64951875 MANAGEMENT PUBLICATIONS 611600 6315356 6315356 MEMBERSHIP ACTIVITIES 611600 4372740 4372740 75639971 1205503 1205503 0 2297256 2297256 7722563 2818360 4904203 0 4904203 838476 4065727 301350 301350 301350 301350 0 0 0 SHARED SERVICES 611600 818118 818118 OTHER MISCELLANEOUS REVENUE 900099 268887 268887 LIST RENTALS 525990 46268 46268 1133273 85481556 76458089 838476 8184991 0 12000 12000 0 0 2053525 298436 1755089 0 25068296 22264722 2803574 561980 4475 557505 3927963 3469022 458941 1707556 1475046 232510 0 381522 381522 0 276651 20152 256499 0 0 92576 92576 3234277 2530142 704135 10046309 10046309 3151051 2814370 336681 1566970 1554927 12043 1282273 1282254 19 9386410 8905035 481375 598537 381302 217235 0 20287120 20196340 90780 713909 709192 4717 0 3277539 3124304 153235 441228 383949 57279 New Program Development 521125 521125 VALUATION RESERVES 204201 204201 OUTSIDE AGENTS 199561 188782 10779 BAD DEBT EXPENSE 153682 153675 7 782741 417309 365432 89929002 80957069 8971933 0 2764921 4368284 1992969 3048 0 0 5977036 6381396 0 0 0 0 0 0 1549381 1544918 5975479 6020575 73757236 56973665 23046655 16783571 8408028 5256428 0 0 0 0 0 0 42439889 48006530 92154358 88364750 19198009 19291929 0 0 12304151 13026518 0 0 0 0 0 0 9397957 7298960 0 0 24417249 27853101 65317366 67470508 X 26836992 20894242 0 0 0 0 26836992 20894242 92154358 88364750 X -4447446 163531 -1658835 X false true X true false X 3326180 3326180 27512833 17302688 10210145 17056818 14976253 2080565 25861405 24694724 1166681 16783571 IMACAN MANAGEMENT CENTRE 24084901 MGMT CENTER DE MEXICO AC 7245146 AMA EUROPE SA 1898684 PAID IN CAPITAL-AMA EUROPE SA 12776056 SECURITY DEPOSIT 2001743 48006530 0 DEFERRED RENT 6308560 OTHER LIABILITIES 21544541 27853101 X UNCERTAINTIES IN INCOME TAXES SCHEDULE D, PART X, LINE 2 THE ASSOCIATION FOLLOWS THE GUIDANCE OF ASC 740-10, INCOME TAXES OVERALL, WHICH ADDRESSES THE ACCOUNTING FOR UNCERTAINTIES IN INCOME TAXES RECOGNIZED IN AN ENTERPRISE'S FINANCIAL STATEMENTS. ASC 740-10 ALSO PROVIDES RELATED GUIDANCE ON MEASUREMENT, CLASSIFICATION, INTEREST AND PENALTIES, AND DISCLOSURES. THE ASSOCIATION UTILIZES A THRESHOLD OF MORE LIKELY THAN NOT FOR RECOGNITION AND DERECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ASSOCIATION DID NOT RECOGNIZE ANY UNRELATED BUSINESS INCOME TAX LIABILITY FOR THE YEARS ENDED MARCH 31, 2015 AND 2014. CONSOLIDATED FINANCIAL STATEMENT SCHEDULE D, PART XI AND XII AMERICAN MANAGEMENT ASSOCIATION 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, 2015 WERE PREPARED IN ACCORDANCE WITH GAAP. true true true true true true true false false false false false false false false false false true RACIALLY NONDISCRIMINATORY POLICY SCHEDULE E, PART I, LINE 3 AMA PUBLICIZES ITS NONDISCRIMINATORY POLICY THROUGH ITS PROMOTIONAL MATERIALS AND IN NATIONAL NEWSPAPER MEDIA. THE 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 3 Program Services EDUCATIONAL ACTIVITIES 15959 East Asia and the Pacific 13 Program Services EDUCATIONAL ACTIVITIES 182921 Europe (Including Iceland and Greenland) 1 58 Program Services EDUCATIONAL ACTIVITIES 7287286 Middle East and North Africa Program Services EDUCATIONAL ACTIVITIES 5874 North America 12 Program Services EDUCATIONAL ACTIVITIES 96170 Russia and the Newly Independent States 1 Program Services EDUCATIONAL ACTIVITIES 3771 South America 4 Program Services EDUCATIONAL ACTIVITIES 31705 South Asia 3 Program Services EDUCATIONAL ACTIVITIES 42058 Sub-Saharan Africa 1 Program Services EDUCATIONAL ACTIVITIES 18261 1 95 1 95 7684005 7684005 true false true false false true EXPENDITURES PER REGION SCHEDULE F, PART I, LINE 3, COLUMN F THE ORGANIZATION REPORTS EXPENDITURES PER REGION ON AN ACCRUAL BASIS WHICH IS CONSISTENT WITH THE ACCOUNTING METHOD USED FOR THE ORGANIZATION'S FINANCIAL STATEMENTS. BOYCOTTING COUNTRIES SCHEDULE F, PART IV, LINE 6 THE ORGANIZATION CONDUCTED A LIMITED NUMBER OF EDUCATIONAL ACTIVITIES IN SAUDI ARABIA DURING THE TAX YEAR. IN ADDITION, DURING THE TAX YEAR AMERICAN MANAGEMENT ASSOCIATION EUROPE SA, A RELATED ORGANIZATION TAXABLE AS A CORPORATION, ESTABLISHED IN BELGIUM, ALSO HELD A FEW EDUCATIONAL ACTIVITIES IN SAUDI ARABIA AND THE UNITED ARAB EMIRATES. true SCHOLARSHIPS 8 12000 PROCEDURES FOR MONITORING GRANTS SCHEDULE I, PART I, LINE 2 AMA AWARDS A LIMITED AMOUNT OF SCHOLARSHIPS ANNUALLY IN THE AMOUNT OF $1,500 EACH 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, PROVIDING 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 true true X X X X X true false false true false false false false false EDWARD T REILLY PRESIDENT/CEO/TRUSTEE 761812 0 0 0 28733 0 7800 0 39746 0 838091 0 0 0 VIVIANNA GUZMAN EVP/CFO/TREASURER 344040 0 0 0 1548 0 7800 0 16475 0 369863 0 0 0 ARTHUR LEVY GENERAL COUNSEL/SECRETARY 269009 0 0 0 1822 0 7800 0 27968 0 306599 0 0 0 RICHARD BARTON CHIEF INFORMATION OFFICER 253712 0 0 0 607 0 7800 0 39517 0 301636 0 0 0 MANOS AVRAMIDIS SVP/CHIEF HR OFFICER 208780 0 0 0 204 0 6600 0 34063 0 249647 0 0 0 CHERYL STERN REGIONAL DIRECTOR 87960 0 49381 0 333710 0 7800 0 12062 0 490913 0 0 0 ROBERT SMITH SVP, MARKETING & MEMBERSHIP 142325 0 0 0 82405 0 4749 0 13035 0 242514 0 0 0 SAMUEL DAVIS VP, GOVT & MIDMARKET SALES 217311 0 0 0 943 0 6789 0 31456 0 256499 0 0 0 ROBERT MORALES VP, INTERNAL AUDIT 198372 0 0 0 2317 0 6060 0 6996 0 213745 0 0 0 DIANE LAURENZO SVP, PRODUCT DEVELOPMENT 197072 0 0 0 1170 0 6300 0 35693 0 240235 0 0 0 MARC DELLAERT FORMER EXEC. DIRECTOR, EUROPE 0 0 0 0 51279 153836 0 0 0 0 51279 153836 0 0 SCHEDULE J, PART I, LINE 1A FIRST-CLASS OR CHARTER TRAVEL: ------------------------------ IN ACCORDANCE WITH COMPANY POLICY AND HIS EMPLOYMENT CONTRACT, FIRST CLASS/CHARTER TRAVEL IS PROVIDED FOR THE CHIEF EXECUTIVE OFFICER. THE EXECUTIVE SHALL BE ENTITLED TO USE UP TO, AND INCLUDING, FIRST CLASS TRAVEL WHEN IT (A) IS PRUDENT OR DICTATED BY BUSINESS NECESSITY, AND (B) IS SUPPORTED BY THE COMPANY'S FINANCIAL CONDITION (AS DETERMINED BY THE BOARD). CHARTER FLIGHTS FOR OFFICERS AND KEY EMPLOYEES ARE ALSO PERMITTED PER COMPANY POLICY. BUSINESS RELATED TRAVEL IS NOT TREATED AS TAXABLE COMPENSATION. TRAVEL FOR COMPANIONS: ---------------------- IN ACCORDANCE WITH COMPANY POLICY AND HIS EMPLOYMENT CONTRACT, WHEN ENGAGED IN ACTIVITIES IN FURTHERANCE OF, OR ON BEHALF OF THE ASSOCIATION, THE CHIEF EXECUTIVE OFFICER'S SPOUSE IS ENTITLED TO HAVE ALL APPROPRIATE TRAVEL EXPENSES INCURRED DURING SUCH ACTIVITIES REIMBURSED BY THE ASSOCIATION UPON THE PRESENTATION OF PROPER DOCUMENTATION OF SUCH EXPENSES. THE CEO RECEIVED A DE MINIMIS AMOUNT OF SUCH TAXABLE REIMBURSEMENT IN THE 12/31/14 TAX YEAR. HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES: ---------------------------------------------- IN ACCORDANCE WITH HIS EMPLOYMENT CONTRACT, CERTAIN SOCIAL CLUB DUES ARE PROVIDED FOR THE CHIEF EXECUTIVE OFFICER. ADDITIONALLY, THE COMPANY CONTRIBUTES $200 ANNUALLY (AS A TAXABLE FRINGE BENEFIT) IN HEALTH CLUB DUES ON BEHALF OF INDIVIDUALS WISHING TO PARTICIPATE. SCHEDULE J, PART I, LINE 4A THE FOLLOWING INDIVIDUALS RECEIVED SEVERANCE PAYMENTS DURING CALENDAR YEAR 2014: ROBERT SMITH $ 68,654 MARC DELLAERT $205,115 SCHEDULE J, 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)(III). AMOUNTS EARNED BUT NOT YET PAID ARE ACCRUED ACCORDINGLY. ORGANIZATION'S MISSION FORM 990, PART I, LINE 1 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. CONSOLIDATED FINANCIAL STATEMENTS FORM 990, PART IV, LINE 12 AMERICAN MANAGEMENT ASSOCIATION INTERNATIONAL IS AUDITED IN COMBINATION WITH ITS BRANCH IN BELGIUM AND ITS AFFILIATED ENTITIES IN CANADA AND MEXICO. ALTHOUGH SEPARATE AUDITED FINANCIAL STATEMENTS ARE NOT ISSUED FOR AMERICAN MANAGEMENT ASSOCIATION INTERNATIONAL, A CONSOLIDATED AUDITED FINANCIAL STATEMENT WAS ISSUED FOR THE FISCAL YEAR ENDED MARCH 31, 2015 WHICH WAS PREPARED IN ACCORDANCE WITH GAAP. MANAGEMENT DUTIES FORM 990, PART VI, SECTION A, LINE 3 THE ASSOCIATION DELEGATES THE DAY-TO-DAY MANAGEMENT OF ITS EUROPEAN OPERATIONS TO AN INDEPENDENT CONTRACTOR EMPLOYED BY THE GLOBAL DYNAMIC SOLUTIONS COMPANY. THIS INDIVIDUAL WORKS UNDER THE DIRECT SUPERVISION OF THE ASSOCIATION'S OFFICERS. MR. RUDI PLETTINX 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 MUST ADHERE TO THE ASSOCIATION'S CORPORATE POLICIES AND PROCEDURES. FOR THE YEAR ENDED DECEMBER 31, 2014, THE ASSOCIATION PAID MR. PLETTINX 225,000 EUROS FOR SERVICES, AND A DE MINIMUS AMOUNT FOR BUSINESS EXPENSE REIMBURSEMENTS. CHANGES TO BY-LAWS FORM 990, PART VI, SECTION A, LINE 4 THE ASSOCIATION'S BY-LAWS WERE AMENDED IN JULY 2014 TO REFLECT RECENT CHANGES IN THE NEW YORK NON-PROFIT REVITALIZATION ACT, AS WELL AS THE ASSOCIATION'S UPDATED CONFLICT OF INTEREST POLICIES. IN JULY 2014, A SEPARATE AND DISTINCT CONFLICT OF INTEREST POLICY WAS ESTABLISHED FOR THE ASSOCIATION'S TRUSTEES, OFFICERS AND KEY EMPLOYEES. THE PREVIOUS POLICY WAS ALSO REVISED TO SPECIFY ITS RELEVANCE TO ALL EMPLOYEES OF THE ASSOCIATION, EXCLUDING THOSE INDIVIDUALS COVERED BY THE NEW POLICY. ORGANIZATION MEMBERS FORM 990, PART VI, SECTION A, LINE 6-7B AMA IS A MEMBER-BASED ORGANIZATION. MEMBERS OF THE ASSOCIATION ELECT THE BOARD OF TRUSTEES AT THE ANNUAL MEETING. CERTAIN TRANSACTIONS OF THE CORPORATION, ACCORDING TO THE BY-LAWS AND/OR ARTICLES OF INCORPORATION, ARE APPROVED BY THE MEMBER ASSOCIATES. APPROVAL PROCESS OF FORM 990 FORM 990, PART VI, SECTION B, LINE 11B 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. MONITORING AND COMPLIANCE WITH CONFLICT OF INTEREST POLICY FORM 990, PART VI, SECTION B, LINE 12C 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. EXECUTIVE COMPENSATION REVIEW FORM 990, PART VI, SECTION B, LINE 15 A/B 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 AND CFO/TREASURER, WHOSE COMPENSATION REVIEW REQUIRES ADDITIONAL APPROVAL STEPS. THE COMMITTEE REVIEWS AND RECOMMENDS TO THE FULL BOARD ALL COMPENSATION MATTERS RELATED TO THE CEO AND CFO/TREASURER. THE FULL BOARD THEN REVIEWS AND APPROVES THE COMPENSATION OF THE CEO AND CFO/TREASURER. 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 JULY 2015. PUBLIC AVAILABILITY OF DOCUMENTS FORM 990, PART VI, SECTION C, LINE 19 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. OTHER CHANGES IN NET ASSETS FORM 990, PART XI, LINE 9 CUMULATIVE TRANSLATION: $(1,158,531) CURRENT YEAR MOVEMENT - SFAS 158: $ (840,676) CURRENT YEAR MOVEMENT - SFAS 106: $ 340,372 ------------ TOTAL OTHER CHANGES IN NET ASSETS $(1,658,835) AMERICAN MANAGEMENT ASSN HOLDINGS LLC 1601 BROADWAY NEW YORK NY 10019 900449647 HOLDING COMP DE 12775160 AMA AMA HOLDINGS ASIA LLC 1601 BROADWAY NEW YORK NY 10019 611615525 DORMANT DE 0 AMA IMACAN MANAGEMENT CENTRE EDUCATION ACT CA AMA true MANAGEMENT CENTER DE MEXICO AC EDUCATION ACT MX AMA true AMA EUROPE SA rue de lAqueduc 118 1050 Brussels BE EDUCATION ACT BE AMA HOLDINGSLLC C Corp 9106770 2476538 1.00000 true true false false false false false false false false false true true false true true true true true IMACAN MANAGEMENT CENTRE A 1634746 COST MANAGEMENT CENTRE DE MEXICO AC A 72673 COST AMA EUROPE SA A 1153494 COST IMACAN MANAGEMENT CENTRE L 701954 COST AMA EUROPE SA L 116175 COST AMA EUROPE SA M 1340558 COST AMA EUROPE SA O 253786 COST AMA EUROPE SA P 117041 COST IMACAN MANAGEMENT CENTRE Q 55590 COST MANAGEMENT CENTER DE MEXICO AC Q 23486 COST AMA EUROPE SA Q 412337 COST MANAGEMENT CENTER DE MEXICO AC R 250000 COST AMA EUROPE SA R 1544568 COST IMACAN MANAGEMENT CENTRE S 942517 COST