What is an AMC?

 

Association Management Companies (AMCs) are for-profit companies who provide management services to not for profit organizations such as charitable foundations, trade, and professional associations.

AMCs provide not for profit clients a wide array of staff expertise, infrastructure and benefits of scale that allow the organization to maximize return on its investment, focus more resources on mission-focused programs, and maintain their independent identities.

What is an accredited AMC?

Accreditation through the AMC Institute is a recognition that a company's policies and procedures are in-line with industry best practices and that they are being followed on a regular basis. These standards of good practices demonstrate a commitment to uphold and deliver the highest level of services using documented best practices.  AMC Accreditation is recognized through the American National Standards Institute (ANSI).

Standards of best practice fall under the following areas:

  • Client Contracts: Review Procedures and Requirements
  • Servicing the Clients and Service Delivery Procedures
  • Evaluation of Services
  • Financial Management and Internal Controls
  • Insurance Coverage
  • Employee Recruitment and Selection
  • Employee Training and Professional Development Procedures
  • Subcontracting and Purchasing Requirements
  • Record Keeping Requirements/Continuity of Operations
  • Internal Audit Procedural Requirements