The Academy of Motion Picture Arts and Sciences is a professional organization that is dedicated to the advancement of the arts and sciences of motion pictures. It was founded in 1927 and is headquartered in Beverly Hills, California. The organization is best known for its annual Academy Awards ceremony, which recognizes excellence in the film industry. In addition to the awards ceremony, the Academy also conducts educational programs, provides grants and scholarships, and maintains a library and archive of motion pictures. The organization has over 9,000 members and is governed by a board of governors.