TY 2021 Form 990 Schedule O

Instrumentl eFile RenderObject ID: 202321329349309812 - Rendered 2025-02-05 TIN: 95-0473280

SCHEDULE O
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
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Attach to Form 990 or 990-EZ.
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Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2021

Open to Public
Inspection

Name of the organization

ACADEMY OF MOTION PICTURE ARTS AND SCIENCES

Employer identification number

95-0473280

Return Reference	Explanation
FORM 990, PART VI, SECTION A, LINES 6 & 7A DETAIL	PROCESS USED BY MEMBERS TO ELECT GOVERNING BODY: THE BOARD OF GOVERNORS IS MADE UP OF THREE GOVERNORS FROM THE ACTORS, DESIGNERS, CINEMATOGRAPHERS, DIRECTORS, DOCUMENTARY, EXECUTIVES, FILM EDITORS, MUSIC, SHORT FILMS AND FEATURE ANIMATION, SOUND, MARKETING AND PUBLIC RELATIONS, WRITERS, COSTUME DESIGNERS, CASTING DIRECTORS, PRODUCERS, VISUAL EFFECTS, AND MAKE-UP ARTISTS AND HAIRSTYLISTS BRANCHES. THE MEMBERS OF EACH BRANCH ELECT ONE GOVERNOR PER YEAR. IN ADDITION, THE BOARD SELECTS THREE AT-LARGE GOVERNORS RECOMMENDED BY THE PRESIDENT. THESE GOVERNORS ARE NOMINATED FOR THE PURPOSE OF INCREASING DIVERSITY OF RACE AND GENDER. THE THREE GOVERNORS WERE SELECTED IN MAY 2019. THEIR TERMS EXPIRE IN JUNE 2022.
FORM 990, PART VI, SECTION B, LINE 11B DETAIL	PROCESS USED TO REVIEW FORM 990: THE FORM 990 IS PREPARED BY MANAGEMENT AND REVIEWED BY ITS INDEPENDENT TAX ADVISORS, INCLUDING PRICEWATERHOUSECOOPERS LLP. THE FINANCE COMMITTEE REVIEWS THE FORM. THE BOARD RECEIVES A COPY OF THE FORM PRIOR TO FILING.
FORM 990, PART VI, SECTION B, LINE 12C DETAIL	PROCESS USED TO MONITOR AND ENFORCE WRITTEN CONFLICT OF INTEREST POLICY: GOVERNORS ARE REQUIRED TO DISCLOSE CONFLICTS OF INTEREST WHEN THEY OCCUR. GOVERNORS ANNUALLY COMPLETE AN INDEPENDENCE QUESTIONNAIRE. IN ADDITION, MANAGEMENT REVIEWS THE BOOKS AND RECORDS FOR ANY CONFLICTS OF INTEREST. THE FULL BOARD IS NOTIFIED WHEN THERE IS A CONFLICT.
FORM 990, PART VI, SECTION B, LINES 15A & 15B DETAIL	PROCESS FOR DETERMINING COMPENSATION: THE TOP MANAGEMENT OFFICIALS AND KEY EMPLOYEES' COMPENSATION IS DETERMINED BY BOARD APPROVAL, COMPARABILITY DATA AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION. THIS PROCESS WAS LAST UNDERTAKEN IN MAY 2020 IN CONJUNCTION WITH APPROVAL OF THE 3-YEAR CONTRACT FOR CHIEF EXECUTIVE OFFICER.
FORM 990, PART VI, SECTION C, LINE 19 DETAIL	GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS: THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.
FORM 990, PART XI, LINE 9 DETAIL	OTHER CHANGES IN NET ASSETS OR FUND BALANCES: BENEFIT PLAN ACTUARIAL EXPENSE $1,658,320 _______________ $1,658,320

Return Reference

Explanation

FORM 990, PART VI, SECTION A, LINES 6 & 7A DETAIL

PROCESS USED BY MEMBERS TO ELECT GOVERNING BODY: THE BOARD OF GOVERNORS IS MADE UP OF THREE GOVERNORS FROM THE ACTORS, DESIGNERS, CINEMATOGRAPHERS, DIRECTORS, DOCUMENTARY, EXECUTIVES, FILM EDITORS, MUSIC, SHORT FILMS AND FEATURE ANIMATION, SOUND, MARKETING AND PUBLIC RELATIONS, WRITERS, COSTUME DESIGNERS, CASTING DIRECTORS, PRODUCERS, VISUAL EFFECTS, AND MAKE-UP ARTISTS AND HAIRSTYLISTS BRANCHES. THE MEMBERS OF EACH BRANCH ELECT ONE GOVERNOR PER YEAR. IN ADDITION, THE BOARD SELECTS THREE AT-LARGE GOVERNORS RECOMMENDED BY THE PRESIDENT. THESE GOVERNORS ARE NOMINATED FOR THE PURPOSE OF INCREASING DIVERSITY OF RACE AND GENDER. THE THREE GOVERNORS WERE SELECTED IN MAY 2019. THEIR TERMS EXPIRE IN JUNE 2022.

FORM 990, PART VI, SECTION B, LINE 11B DETAIL

PROCESS USED TO REVIEW FORM 990: THE FORM 990 IS PREPARED BY MANAGEMENT AND REVIEWED BY ITS INDEPENDENT TAX ADVISORS, INCLUDING PRICEWATERHOUSECOOPERS LLP. THE FINANCE COMMITTEE REVIEWS THE FORM. THE BOARD RECEIVES A COPY OF THE FORM PRIOR TO FILING.

FORM 990, PART VI, SECTION B, LINE 12C DETAIL

PROCESS USED TO MONITOR AND ENFORCE WRITTEN CONFLICT OF INTEREST POLICY: GOVERNORS ARE REQUIRED TO DISCLOSE CONFLICTS OF INTEREST WHEN THEY OCCUR. GOVERNORS ANNUALLY COMPLETE AN INDEPENDENCE QUESTIONNAIRE. IN ADDITION, MANAGEMENT REVIEWS THE BOOKS AND RECORDS FOR ANY CONFLICTS OF INTEREST. THE FULL BOARD IS NOTIFIED WHEN THERE IS A CONFLICT.

FORM 990, PART VI, SECTION B, LINES 15A & 15B DETAIL

PROCESS FOR DETERMINING COMPENSATION: THE TOP MANAGEMENT OFFICIALS AND KEY EMPLOYEES' COMPENSATION IS DETERMINED BY BOARD APPROVAL, COMPARABILITY DATA AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION. THIS PROCESS WAS LAST UNDERTAKEN IN MAY 2020 IN CONJUNCTION WITH APPROVAL OF THE 3-YEAR CONTRACT FOR CHIEF EXECUTIVE OFFICER.

FORM 990, PART VI, SECTION C, LINE 19 DETAIL

GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS: THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.

FORM 990, PART XI, LINE 9 DETAIL

OTHER CHANGES IN NET ASSETS OR FUND BALANCES: BENEFIT PLAN ACTUARIAL EXPENSE $1,658,320 _______________ $1,658,320

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990) 2021

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