The American University of Paris Inc

“The form 990 and its schedules and all other attachments are reviewed and commented upon by rsm us llp (aup's external tax preparer/advisor) during their preparation by the finance department of aup and before filing. They are also reviewed by the audit committee of the board of trustees prior to filing. Copies of the form 990 are made available for review to all members of the aup board of trustees prior to its submission with the irs.”

“A trustee who has a known material financial interest in a pending or proposed transaction or business arrangement involving the university shall promptly disclose to the board the existence of the interest and other material information that the trustee may have regarding the transaction or arrangement. In addition, each trustee shall annually sign and submit to the chairman of the board of trustees a statement disclosing all material financial interests, known to the trustee, of the trustee or a family member, in any outside entity with which the trustee knows the university has or is considering a transaction or other business relationship, or affirming that the trustee knows of no such interests. The chairman shall review annual disclosure statements to determine whether a material financial interest has been disclosed. If a material financial interest has been disclosed, the chairman shall promptly submit it to the chair of the business affairs committee (or, if the interests involve the chair of the business affairs committee, another member of the business affairs committee), such disclosure forms together with any additional information about the current or proposed transaction or business relationship that may give rise to a conflict of interest. If the business affairs committee determines that there is a conflict of interest, it shall advise the interested trustee, who shall have an opportunity to address the matter with the business affairs committee. When a conflict of interest determination is referred to the board, either following review by the business affairs committee or if disclosure is made in the first instance to the board (for example, when a trustee becomes aware of a possible conflict of interest during or just before a meeting of the board), unless the trustee elects recusal, the board shall decide wheteher a conflict of interest exists. The board may question the interested trustee and the trustee shall have an opportunity to address to the board whether there is a conflict. The interested trustee shall leave the board meeting while the disinterested (independent) members of the board determine, by majority vote, whether the financial interest gives rise to a conflict of interest. If it is determined that no conflict of interest exists, the interested trustee may rejoin the meeting and participate fully in the discussion of and vote on the proposed transaction or agreement. If the board determines that a trustee has a conflict of interest in a matter before the board, the board may permit the interested trustee to make a presenation regarding the matter, but the interested trustee shall be required to leave the meeting prior to the discussion of, and the vote on the proposed transaction or agreement only upon a finding, by a majority vote of the disinterested trustees, that the transaction or agreement is in the university's best interest, is for the university's benefit and is fair and reasonable to the university. The board may engage such consultants as it deems necessary or useful to assist its determination of these issues.”

“The board compensation committee sets the president's compensation after a study of comparable compensation data. The committee supplies the president with a written contract and reviews the president's compensation annually. Board approval is required for any changes to the president's compensation. The board sets the compensation of the provost and the evp finance and adminstration and of other top management officials who are not trustees and who were appointed by the board.”

“Governance documents are available on our website and financial statements are available upon request for the same period of disclosure as set forth in section 6104(d). The form 990 without schedule b is available via the candid (formerly known as guidestar) website.”

“The university has not provided details on compensation due to french privacy law concerns. The total reportable compensation is $3,040,829 for the listed officers and highest paid employees.”

“The amounts of these two lines do not match because the number of employees reported in part i, line 5 includes employees in france plus us-based employees (included in form w-3) reported in part v, line 2a.”

“The housing activity is managed by a separate entity, sas aup housing, which is fully owned by aup. Its operations are consolidated in the financlal statements of aup for the current fiscal year and present a negative result of 191,496 in euros.”

“Expenses financed by designated funds 2,696. Expenses on temporarily restricted gift and permanently restricted gifts 702,947. Release of provision for doubtful customer 39,968. Release of provision on allowance 168,708. Non operating assets released from restrictions & designated for operations -571,972. Retirement accrual impact on net assets -47,623. Exchange profit accounted in net expenses in us gaap 358,939. Difference due to different reclassification of exp. (french vs. Us gaap) -44,180. Adjustment due to conversion rates impact on financial statements -556,957. Us gaap adjustment on leases rou assets”