The Academy of Motion Picture Arts and Sciences, often referred to as the Academy, is a professional organization based in the United States. Founded in 1927, its primary purpose is to promote the arts and sciences of motion pictures. The Academy is best known for its annual Academy Awards, also known as the Oscars, which honor outstanding achievements in the film industry. The Academy consists of over 9,000 members from various branches of the film industry, including actors, directors, producers, and writers. It plays a significant role in setting standards for the film industry and provides educational resources, scholarships, and support for filmmakers.