American Management Association International

“Form 990, part iii, line 1 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 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 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 american management association international, a consolidated audited financial statement was issued for the fiscal year ended march 31, 2014 which was prepared in accordance with gaap.”

“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.”

“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.”

“Form 990, part vi, section b, line 12c all new employees are required to submit a conflict of interest questionnaire, at the time of hiring, to human resources disclosing any outside affiliations. All current employees are required to submit a conflict of interest questionnaire, annually, to the human resources disclosing all outside affiliations. In addition, employees are required to disclose to human resources any outside affiliations or potential conflicts of interest as they arise throughout the year. Human resources reviews the outside affiliations to determine if there are any potential conflicts of interest or violations of the conflict of interest policy. If so, appropriate action is taken by general counsel to resolve any such conflicts or violations, including causing a board member to recuse himself or herself from discussion and voting on the issue, and causing an employee to terminate his/her outside affiliation or taking appropriate disciplinary action.”

“Form 990, part vi, section b, line 15a/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, 2014.”

“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.”

“Form 990, part xi, line 9 cumulative translation: $579,346 current year movement - sfas 158: ($875,461) current year movement - sfas 106: 278,344 ------------ total other changes in net assets ($17,771)”