2026-07-15T11:36:07-05:00 2025-08-31 131655065 LUTZ AND CARR CPAS LLP 551 FIFTH AVENUE SUITE 400 NEW YORK NY 10176 990 2024-09-01 131623881 AMERICAN ACADEMY IN ROME AMER 2127517200 535 WEST 22ND STREET NEW YORK NY 10011 SARA ARGENTIERI DEPUTY DIR. OF FINANCE AND ADMIN 2127517200 2026-07-15 1 0 JENNIFER COATES P00298107 2126972299 2024 2025-03-06 01:10:19Z PETER N MILLER 535 WEST 22ND STREET NEW YORK NY 10011 37258255 0 X WWW.AAROME.ORG X 1894 DC THE AMERICAN ACADEMY IN ROME IS A RESIDENTIAL INSTITUTE FOR ADVANCED WORK IN THE ARTS AND HUMANITIES. 45 43 24 45 2206 0 9930395 6381223 2604919 2694815 9932138 4292181 111007 123204 22578459 13491423 865525 840631 0 0 6544174 6713846 0 0 2126399 7316217 8168073 14725916 15722550 7852543 -2231127 169349327 178341071 11509808 12809652 157839519 165531419 X THE AMERICAN ACADEMY IN ROME IS A RESIDENTIAL INSTITUTE FOR ADVANCED WORK IN THE ARTS AND HUMANITIES. 0 0 5796036 840631 2694815 FELLOWSHIPS AND RESIDENCIES:EACH YEAR THE ACADEMY CONVENES IN ROME A DYNAMIC INTERNATIONAL COMMUNITY OF OVER 100 ARTISTS AND SCHOLARS, LARGELY AMERICAN, TO WORK TOGETHER ACROSS AT LEAST 13 FIELDS FROM ANCIENT STUDIES TO VISUAL ART. IN ADDITION TO SUPPORTING THEIR WORK WITH AN 11 ACRE, 9 BUILDING CAMPUS, THE ACADEMY ORGANIZES A PROGRAM OF RESEARCH EVENTS AND EXHIBITIONS FOR THE SCHOLARLY AND GENERAL PUBLIC. 1741106 OTHER RESIDENTIAL PROGRAMS:THE ACADEMY COMMUNITY INCLUDED 98 VISITING ARTISTS AND SCHOLARS WHO RENT ROOMS, APARTMENTS, STUDY SPACES, AND STUDIOS WHILE PURSUING THEIR RESEARCH IN ROME. 1601286 ARTHUR AND JANET C. ROSS LIBRARY:WITH OVER 180,000 TITLES FOCUSING ON ANCIENT STUDIES AND THEIR ARTISTIC AND ARCHITECTURAL HISTORICAL AFTERLIVES, THE LIBRARY IS A RESOURCE FOR ALL THOSE IN ROME WITH SPECIFIC INTERESTS IN GREEK AND LATIN LITERATURE AND MEDITERRANEAN ARCHAEOLOGY. THE PHOTOGRAPHIC ARCHIVE HOLDS OVER 100,000 IMAGES ACROSS SPECIALIZED COLLECTIONS DOCUMENTING ARCHAEOLOGY, ARCHITECTURE, ART, LANDSCAPE DESIGN, AND CONTEMPORARY PHOTOGRAPHY, ALONG WITH AN EXTENSIVE VISUAL RECORD OF THE ACADEMY'S HISTORY. THE NORTON-VAN BUREN ARCHAEOLOGICAL STUDY COLLECTION COMPRISES 9,000 ARTIFACTS, RANGING FROM GREEK 8TH-CENTURY BCE OBJECTS TO LATE ROMAN COMMON WARE, AS WELL AS OVER 200 GREEK AND LATIN INSCRIPTIONS, OFFERING ONE OF THE MOST SIGNIFICANT TEACHING AND RESEARCH COLLECTIONS OF ITS KIND IN ROME. 2110497 ARTS AND HUMANITIES EVENTS, SUMMER PROGRAMS, PUBLICATIONS AND OTHER PROGRAMS. 2110497 11248925 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 0 0 1 0 1 1 0 1 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 22 0 1 24 1 1 1 1 IT 0 0 0 1 1 0 0 0 0 0 0 X 45 43 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY X SARA ARGENTIERI 2127517200 535 WEST 22ND STREET NEW YORK NY 10011 CALVIN TSAO CHAIR 5.00 X X 0 0 0 ALESSIA ANTINORI VICE-CHAIR 2.00 X X 0 0 0 WILLIAM M CAMERON TREASURER 2.00 X X 0 0 0 ALEXANDRA MUNROE SECRETARY 2.00 X X 0 0 0 MARK ROBBINS PRESIDENT & CEO (FORMER) 30.00 X 286154 0 0 PETER N MILLER PRESIDENT & CEO 50.00 X X 514038 0 47743 TARA MIA PAONE CHIEF FINANCIAL AND ADMINISTRATION 50.00 X 288199 0 36908 SHADI BARTSCH-ZIMMER TRUSTEE 1.00 X 0 0 0 SUSANNA BORGHESE TRUSTEE 1.00 X 0 0 0 T COREY BRENNAN TRUSTEE 1.00 X 0 0 0 MARTIN BRODY TRUSTEE 1.00 X 0 0 0 MARY BURNHAM TRUSTEE 1.00 X 0 0 0 DANIEL C COHEN TRUSTEE 1.00 X 0 0 0 MARILYNN A DAVIS TRUSTEE 1.00 X 0 0 0 SHARON DAVIS TRUSTEE 1.00 X 0 0 0 COLE FRATES TRUSTEE 1.00 X 0 0 0 BART FRIEDMAN TRUSTEE 1.00 X 0 0 0 DOMENICO DESOLE TRUSTEE 1.00 X 0 0 0 GINEVRA ELKANN GAETANI TRUSTEE 1.00 X 0 0 0 STEPHEN GREENBLATT TRUSTEE 1.00 X 0 0 0 ANN HAMILTON TRUSTEE 1.00 X 0 0 0 GUY HEDREEN TRUSTEE 1.00 X 0 0 0 PHU HOANG TRUSTEE 1.00 X 0 0 0 MICHELLE HOBART TRUSTEE 1.00 X 0 0 0 HENRY P JOHNSON TRUSTEE 1.00 X 0 0 0 DAVID I KERTZER TRUSTEE 1.00 X 0 0 0 DAVID A LANG TRUSTEE 1.00 X 0 0 0 ANNE WELSH MCNULTY TRUSTEE 1.00 X 0 0 0 SIMON D MORDANT TRUSTEE 1.00 X 0 0 0 NICO MUHLY TRUSTEE 1.00 X 0 0 0 GWENDOLYN NORTON TRUSTEE 1.00 X 0 0 0 FRANCINE C PROSE TRUSTEE 1.00 X 0 0 0 SLOBODAN RANDJELOVIC TRUSTEE 1.00 X 0 0 0 KATHARINE J RAYNER TRUSTEE 1.00 X 0 0 0 JOHN F W ROGERS TRUSTEE 1.00 X 0 0 0 FRANCESCO STARACE TRUSTEE 1.00 X 0 0 0 COLE FRATES TRUSTEE 1.00 X 0 0 0 MICHAEL STRAUS TRUSTEE 1.00 X 0 0 0 MARIA TERESA VENTURINI FENDI TRUSTEE 1.00 X 0 0 0 SUZY WAHBA TRUSTEE 1.00 X 0 0 0 CARRIE MAE WEEMS TRUSTEE 1.00 X 0 0 0 ADAM D WEINBERG TRUSTEE 1.00 X 0 0 0 SYDNEY H WEINBURG TRUSTEE 1.00 X 0 0 0 MARIET WESTERMANN TRUSTEE 1.00 X 0 0 0 CHARLES K WILLIAMS II TRUSTEE 1.00 X 0 0 0 TOD C WILLIAMS TRUSTEE 1.00 X 0 0 0 MICHAEL CJ PUTNAM TRUSTEE 1.00 X 0 0 0 ALIZA WONG TRUSTEE. DIRECTOR IN ROME 50.00 X 0 0 0 SEBASTIAN HIERL DRUE HEINZ LIBRARIAN 50.00 X 146817 0 13078 PAOLA GAETANI GENERAL MANAGER 50.00 X 136027 0 0 SARA ARGENTIERI FINANCE AND ADMINISTRATION 50.00 X 119647 0 10657 SHAWN A MILLER PROGRAM DIRECTOR 50.00 X 115213 0 23090 KETTER M WEISSMAN DIRECTOR OF DEVELOPMENT 50.00 X 103696 0 17752 1709791 0 149228 8 1 1 0 ARKUS INC 10 TIMES SQ 6TH FLOOR NEW YORK NY 10018 BUSINESS MANAGEMENT CONSULTING 158691 MONTICELLO ASSOCIATES 1800 LARIMER STREET DENVER CO 80202 INVESTMENT MANAGEMENT 125000 BLACKBAUD INC 65 FAIRCHILD STREET CHARLESTON SC 29492 CLOUD COMPUTING PROVIDER 100098 3 1852428 4528795 677889 6381223 PROGRAM RENTAL INCOME 711190 2144076 2144076 TUITION & FEES 611710 550739 550739 2694815 1111229 2206 1109023 1080621 960488 120133 120133 120133 25757806 22576854 3180952 3180952 3180952 229490 1852428 229490 0 OTHER REVENUE 900099 3071 3071 3071 13491423 2694815 2206 4413179 X 6000 6000 834631 834631 1023716 662929 212634 148153 4391134 2843569 912076 635489 121483 78669 25233 17581 250732 162367 52079 36286 926781 600157 192499 134125 103273 103273 67542 67542 125000 125000 2568876 1845987 298054 424835 28445 9033 5221 14191 833358 785468 13775 34115 256073 82992 173081 2005710 1676921 106909 221880 541344 327712 141908 71724 3362 3362 1362388 1356110 2643 3635 GALA EVENT EXPENSES 232771 25812 5124 201835 MISCELLANEOUS 39931 30198 264 9469 15722550 11248925 2347226 2126399 3173384 4105568 4459190 1877708 1062410 1341503 42856156 26729087 14430776 16127069 63602512 55905102 75708245 92477558 6912810 6506563 169349327 178341071 2815237 4090850 378813 587134 8315758 8131668 11509808 12809652 X 35163267 37660838 122676252 127870581 157839519 165531419 169349327 178341071 X -2231127 10564122 -641095 X 0 1 X 1 0 X 5108470 11524051 8315405 9930395 6381223 41259544 5108470 11524051 8315405 9930395 6381223 41259544 6103107 35156437 1422930 469630 1326676 1581454 1231362 6032052 2606 36077 38683 42197 1742 49086 9693 3071 105789 47436068 10456022 0.74110 0.72540 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 131074981 1992838 14672876 840631 6421116 140478948 117235634 3620829 17262804 865525 6178761 131074981 108677774 2975422 11838677 844150 5412089 117235634 129822765 2530310 -16917270 811640 5946391 108677774 112138931 351257 22971160 563644 5074939 129822765 0.13871 0.51998 0.34131 0 0 42856156 26729087 16127069 16127069 ARROWSTREET CAPITAL GLOBAL 7875451 F BAKER BROTHERS HCIF FUND 2637165 F CANYON DISTRESSED OPPORTUNITY FUND III 1278361 F CEVIAN CAPITAL II, LTD 9722486 F DAVIDSON KEMPNER INSTITUTIONAL PARTNERS,LP 6633048 F DAVIDSON KEMPNER OPP INTERNATIONAL PARTNERS VI,LP 1829221 F DURABLE CAPITAL OFFSHORE FUND, LTD 5491901 F DURABLE CAPITAL OPPORTUNITIES OFFSHORE FUND, LTD 300944 F EUREKA FUND 5512412 F FARALLON CAPITAL INSTITUTIONAL PARTNERS,LP 8044966 F FARALLON SPECIAL 1373121 F FARALLON SPECIAL SITUATION FUND 766542 F GQG EMERGING MARKETS EQUITY FUND 4599610 F JUNTO OFFSHORE FUND, LTD 6265114 F KINDERHOOK CAPITAL FUND 7 2496316 F KINDERHOOK CAPITAL FUND 8 188224 F LEXINGTON CAPITAL PARTNERS IX, LP 1959725 F LEXINGTON CAPITAL PARTNERS X, LP 931988 F NEW CENTURY HOLDINGS XI,LP 56600 F REDWOOD 2085058 F RENAISSANCE INSTITUTIONAL DIVERSIFIED ALPHA FUND, LLC 3909418 F SHERIDAN SQUARE OFFSHORE FUND 4322539 F TACONIC OPPORTUNITY OFFSHORE FUND, LTD 5224805 F TIGER GLOBAL 731089 F WESTWOOD GLOBAL INVESTMENT 6507339 F WHALE ROCK HYBRID FUND, LTD. 1734115 F 92477558 SEVERANCE LIABILITIES 883509 OTHER LIABILITIES 9278 OPERATING LEASE LIABILITIES 6758380 REFUNDABLE ADVANCES 480501 8131668 23289450 10564122 -641095 9923027 13366423 125000 125000 13491423 15597550 0 15597550 125000 125000 15722550 PART III, LINE 1A: THE ACADEMY'S ARTHUR AND JANET C. ROSS LIBRARY CONTAINS OVER 167,000 VOLUMES IN THE FIELDS OF CLASSICAL STUDIES AND THE HISTORY OF ART AND ARCHITECTURE. THE LIBRARY ALSO HOUSES SMALL BUT NOTEWORTHY COLLECTIONS IN CONTEMPORARY ART AND ARCHITECTURE,LANDSCAPE ARCHITECTURE, ITALIAN HISTORY AND LITERATURE, AMERICAN LITERATURE, HISTORICAL TRAVEL BOOKS AND MUSIC. THIS COLLECTION WAS ACQUIRED THROUGH PURCHASE BY THE ACADEMY, AS WELL AS BY DONATIONS RECEIVED FROM PRIVATE COLLECTIONS OF INDIVIDUALS. COSTS OF PURCHASING LIBRARY VOLUMES AND MATERIALS ARE EXPENSED IN THE YEAR OF ACQUISITION. AN INVENTORY OF THE LIBRARY COLLECTION IS MAINTAINED BY THE LIBRARY STAFF. FUNDS RECEIVED FROM THE DISPOSAL OF A DEACCESSIONED WORK SHALL NOT BE USED FOR OPERATING EXPENSES OR CAPITAL EXPENSES. SUCH FUNDS, INCLUDING ANY EARNINGS AND APPRECIATION THEREON, MAY BE USED ONLY FOR THE ACQUISITION OF WORKS IN A MANNER CONSISTENT WITH THE COLLECTION MANAGEMENT POLICY ON RESTRICTED ACQUISITION FUNDS. NO COLLECTION ITEMS WERE DEACCESSIONED DURING 2025 OR 2024. THE ACADEMY ALSO OWNS OBJECTS OF FINE ART AND ANTIQUES THAT WERE DONATED BY PRIVATE INDIVIDUALS. AN INVENTORY OF THESE ITEMS IS MAINTAINED BY THE SENIOR OFFICER FOR RESIDENTIAL SERVICES. IN ADDITION, THE ACADEMY MAINTAINS A PHOTOGRAPHIC ARCHIVE AND A SMALL BUT VARIED COLLECTION OF ARCHAEOLOGICAL ARTIFACTS. THE COLLECTION IS HELD FOR PUBLIC SERVICE RATHER THAN FINANCIAL GAIN, PROTECTED AND PRESERVED, AND SUBJECT TO AN ORGANIZATIONAL POLICY THAT REQUIRES THE PROCEEDS FROM SALES OF SUCH ITEMS TO BE USED TO ACQUIRE OTHER ITEMS FOR COLLECTIONS. THE ACADEMY'S COLLECTIONS ARE USED FOR EDUCATION, STUDY, AND RESEARCH PURPOSES. THE ACADEMY'S LIBRARY COLLECTIONS AND OBJECTS OF FINE ARTS AND ANTIQUES ARE INSURED FOR A TOTAL VALUE OF APPROXIMATELY $17,500,000. PART III, LINE 4: THE ARTHUR AND JANET C. ROSS LIBRARY OF THE AMERICAN ACADEMY IN ROME CONTAINS OVER 180,000 VOLUMES IN THE FIELDS OF CLASSICAL STUDIES, AND THE HISTORY OF ART AND ARCHITECTURE. ESPECIALLY STRONG, ARE THE COLLECTIONS IN ANCIENT MEDITERRANEAN ARCHAEOLOGY AND ART, GREEK AND LATIN LITERATURE, ANCIENT TOPOGRAPHY (INCLUDING THE HISTORY OF THE CITY OF ROME), ANCIENT RELIGIONS, AND RELATED FIELDS SUCH AS EPIGRAPHY, NUMISMATICS AND PAPYROLOGY. THE RARE BOOK COLLECTION COMPRISES CHIEFLY 16TH-18TH CENTURY IMPRINTS IN CLASSICAL STUDIES, ARCHAEOLOGY, ART AND ARCHITECTURE, INCLUDING SIZEABLE COLLECTIONS OF ROMAN GUIDEBOOKS AND EARLY ART TREATISES. THE PHOTOGRAPHIC ARCHIVE OF THE AMERICAN ACADEMY IN ROME CONSISTS OF SEVERAL VALUABLE AND SPECIALIZED COLLECTIONS OF PHOTOGRAPHS ON ARCHAEOLOGY, ARCHITECTURE AND ART, AS WELL AS LANDSCAPE ARCHITECTURE AND GARDENS. IT ALSO INCLUDES SPECIAL COLLECTIONS IMPORTANT TO THE HISTORY OF THE ACADEMY. THE AMERICAN ACADEMY IN ROME MAINTAINS A SMALL BUT VARIED COLLECTION OF ARCHAEOLOGICAL ARTIFACTS AVAILABLE FOR STUDY. THE COLLECTION INCLUDES POTTERY, FROM GREEK GEOMETRIC VASES OF THE EIGHTH CENTURY BC TO ROMAN COMMON WARE OF THE LATER EMPIRE, ARCHITECTURAL TERRACOTTAS, CINERARY URNS, VOTIVE OBJECTS, JEWELRY, COINS, OIL LAMPS, ALL SORTS OF SCULPTURE (IN TERRACOTTA AND STONE, IN RELIEF AND IN THE ROUND), ETRUSCAN MIRRORS, AND SAMPLES OF THE MOST IMPORTANT ANCIENT MARBLE TYPES. THESE MATERIALS ARE USED FOR EDUCATION, STUDY, AND RESEARCH PURPOSES. PART V, LINE 4: THE ENDOWMENT FUNDS GENERATE ONGOING SUPPORT FOR THE ACADEMY'S PROGRAMS. THE MAJORITY OF THE INCOME SUPPORTS THE COST OF FELLOWSHIPS AND RESIDENCIES, AS WELL AS THE OPERATION OF THE ACADEMY'S LIBRARY. PART XI, LINE 2D - OTHER ADJUSTMENTS: FOREIGN CURRENCY TRANSLATION ADJUSTMENT -82,159. REVERSAL OF PRIOR YEAR GRANT -558,936. 0 EUROPE 1 46 PROGRAM SERVICES OPERATION OF RESIDENTIAL RESEARCH CENTER 8830197 EUROPE 1 3 MANAGEMENT AND GENERAL (JANUS, S.U.R.L.) 2096936 EUROPE 1 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION 834631 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS - FORM 990, PART X, LINE 12 40449714 3 49 0 0 3 49 52211478 0 52211478 FELLOWSHIPS EUROPE 30 755895 BANK CHECK FELLOWSHIPS (ITALIAN) EUROPE 4 24486 BANK CHECK AFFILIATED FELLOWSHIPS EUROPE 7 14750 BANK CHECK TERRA FOUNDATION AFFILIATED FELLOWSHIP EUROPE 1 19500 BANK CHECK AF BULGARI (EX. FELLOWSHIP - GETTY GAF) EUROPE 1 20000 BANK CHECK 0 0 0 0 0 0 PART I, LINE 2: STIPENDS AND SCHOLARSHIPS ARE AWARDED TO COVER EXPENSES WHILE PARTICIPATING IN ACADEMY PROGRAMS. NY GALA 1445617 1344905 100712 100712 ROME - GALA 636301 507523 128778 128778 2081918 1852428 229490 229490 229490 0 1 FELLOWSHIPS 1 6000 PART I, LINE 2: STIPENDS AND SCHOLARSHIPS ARE AWARDED TO COVER EXPENSES WHILE PARTICIPATING IN ACADEMY PROGRAMS. IN ORDER TO RECEIVE THE AWARDS, THE RECIPIENTS MUST BE ON SITE AT THE ACADEMY. X X 1 1 X X X X 1 0 0 0 0 0 0 0 0 MARK ROBBINS PRESIDENT & CEO (FORMER) 0 0 0 0 286154 0 0 0 0 0 286154 0 0 0 PETER N MILLER PRESIDENT & CEO 514038 0 0 0 0 0 47743 0 0 0 561781 0 0 0 TARA MIA PAONE CHIEF FINANCIAL AND ADMINISTRATION 288199 0 0 0 0 0 23555 0 13353 0 325107 0 0 0 SEBASTIAN HIERL DRUE HEINZ LIBRARIAN 146817 0 0 0 0 0 13078 0 0 0 159895 0 0 0 PART I, LINE 1A HOUSING IS PROVIDED TO THE ACADEMY'S RESIDENTIAL OFFICERS, WHO SERVE FOR FIXED TERMS AND ARE GENERALLY FROM THE U.S. AND MAY BE SECONDED BY U.S. UNIVERSITIES. THE PRESIDENT OF THE ACADEMY RECEIVES PAID MEMBERSHIP IN TWO SOCIAL CLUBS IN WHICH MEMBERSHIP ALSO SERVES A RELATED BUSINESS PURPOSE FOR THE ACADEMY. PART I, LINE 4A MARK ROBBINS RECEIVED SEVERANCE PAYMENT OF $286,154. X 19 677889 VALUE AT TIME OF SALE 0 1 0 FORM 990, PART VI, SECTION A, LINE 7A THE ACADEMY HAS AN ADVISORY COUNCIL TO THE COMMITTEE ON THE HUMANITIES. THE MEMBERS OF THE ADVISORY COUNCIL REPRESENT ACADEMIC INSTITUTIONS WHICH ANNUALLY CONTRIBUTE FUNDS TO THE ACADEMY. THE BOARD OF TRUSTEES ELECTS TO ITS NUMBER EVERY THREE YEARS FOR A THREE YEAR TERM A PERSON NOMINATED BY THE ADVISORY COUNCIL. THE BOARD ELECTS TO ITS NUMBER EVERY TWO YEARS FOR A TWO-YEAR TERM A PERSON ELECTED AS THE PRESIDENT OF THE COUNCIL OF THE SOCIETY OF FELLOWS. THE SOCIETY OF FELLOWS IS AN ORGANIZATION WHOSE MEMBERSHIP IS COMPRISED OF THOSE WHO HAVE BEEN AWARDED A FELLOWSHIP, AFFILIATED FELLOWSHIP, OR RESIDENCY AT THE AMERICAN ACADEMY IN ROME. ROME PRIZE WINNERS BECOME MEMBERS UPON COMPLETING THEIR TERM AT THE ACADEMY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE ACADEMY'S FINANCE TEAM AND A COPY OF THE FORM 990 IS DISTRIBUTED TO EACH MEMBER OF THE BOARD OF TRUSTEES. THE MEMBERS OF THE BOARD OF TRUSTEES ARE ASKED TO REVIEW THE FORM 990 AND IDENTIFY ANY QUESTIONS OR COMMENTS THEY HAVE REGARDING THE FORM 990 BEFORE ITS SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C A COPY OF THE CONFLICT OF INTEREST POLICY AND CONFLICT DISCLOSURE FORM IS FURNISHED TO TRUSTEES AND STAFF MEMBERS WITH HIRING OR PURCHASING AUTHORITY ANNUALLY. MANAGEMENT COLLECTS AND REVIEWS DISCLOSURE FORMS, AND NO CONFLICTS WERE DISCLOSED FOR THIS PERIOD. DURING A COMMITTEE'S CONSIDERATION OF A MATTER, ANY PERSON WITH A CONFLICT OR POTENTIAL CONFLICT DISCLOSES THEIR CONFLICT, RECUSES THEMSELVES FROM THE DISCUSSION AND DECISION, AND RETIRES FROM THE MEETING IF NECESSARY. FORM 990, PART VI, SECTION B, LINE 15A THE PRESIDENT'S COMPENSATION IS REVIEWED BY A COMPENSATION COMMITTEE OF BOARD MEMBERS, INCLUDING THE CHAIRMAN OF THE BOARD. THE PRESIDENT'S PERFORMANCE AND COMPENSATION ARE REVIEWED ANNUALLY. THE COMPENSATION COMMITTEE REVIEWS EXECUTIVE COMPENSATION INFORMATION OBTAINED FROM OUTSIDE SOURCES SUCH AS SURVEYS AND FORM 990S FOR COMPARABLE ORGANIZATIONS, AND SETS THE PRESIDENT'S COMPENSATION. THE COMMITTEE ALSO REVIEWS A SCHEDULE OF OFFICERS AND KEY EMPLOYEES' COMPENSATION HISTORY AND ADVISES REGARDING THEIR COMPENSATION, WHICH IS SET BY THE PRESIDENT AFTER A PERFORMANCE EVALUATION. FORM 990, PART VI, SECTION C, LINE 19 COPIES OF THE ORGANIZATION'S BY-LAWS, AUDITED FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER CONSULTING FEES: PROGRAM SERVICE EXPENSES 1,845,987. MANAGEMENT AND GENERAL EXPENSES 298,054. FUNDRAISING EXPENSES 424,835. TOTAL EXPENSES 2,568,876. FORM 990, PART XI, LINE 9: FOREIGN CURRENCY TRANSLATION ADJUSTMENT -82,159. REVERSAL OF PRIOR YEAR GRANTS -558,936. JANUS SURL LARGO DI PORTA S PANCRAZIO 1 ROME IT 00153 EVENT SPACE RENTAL IT 2259493 2439192 AMERICAN ACADEMY IN ROME