Established in 1981 as mandated by Executive Order No. 640-A, the Academy has been able to forge an alliance among the various guilds of the movie industry. Serving as the umbrella organization, the Film Academy oversees the welfare of the guilds thru an assortment of subsidies, projects and opportunities that would bring about the upgrading of the knowledge and expertise of the guild members.

The principal function of the Academy is to give awards in recognition of the artistic and technical excellence of the performances and to accentuate the value of quality works of the people behind the outstanding films shown during the year. The Annual Academy Awards is intended to provide the necessary motivation in enhancing the craftmanship of movie industry workers that will eventually uplift the quality of local films.

The Academy also assists in the staging and managing of the annual Metro Manila Film Festival from which proceeds the Film Academy gets a share of 40%. Delegates to foreign film festivals are primarily sent thru the intercession of the Academy. The Academy also spearheads the collaboration of the movie industry with government agencies in order to gain opportunities for the guilds and its members. Foreign productions wishing to shoot films in the Philippines have to secure a clearance from the Film Academy. In return, the Film Academy provides all assistance required by the foreign producers, from securing location permits, equipment rentals, hiring talents and even accommodations and trustworthy guides.

Espiridion Laxa	Leo Martinez	Jesse Ejercito	John Suarez
Chairman	Director-General	Deputy Director-General	Executive Secretary
Manny Morfe	Robert Arevalo	Eddie Romero
Treasurer	Adviser	Adviser

The policy-making body of the Film Academy is the Board of Governors which is composed of guild presidents and heads of affiliate organizations. The Director-General, under the guidance of the Chairman, is the head of operations who is assisted by his Deputies and the Executive Secretary.