American Management Association International

“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, 2024, the association paid mr. Faniel 302,625 euros for services, and a de minimus amount for business expense reimbursements.”

“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.”

“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).”

“Certain transactions of the corporation, according to the by-laws and/or articles of incorporation, are approved by the company and individual members.”

“Process used to review form 990 the association's form 990 is initially prepared by an independent tax 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.”

“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.”

“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 conducting an annual benchmark analysis against direct competitors based on their published form 990s. If business permits or dictates a more robust review and potential change of ama's executive compensation plans, the committee seeks the advice of an outside compensation firm. The outsitde 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 reivews 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 of 2025.”

“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.”

“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.”

“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, 2025 which was prepared in accordance with gaap.”

“Current year movement - sfas 106: 193,615. Cumulative translation adjustment: 45,990. Current year movement - sfas 158: -472,449.”

“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, 2025 were prepared in accordance with gaap.”