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SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION FOLLOWS GUIDANCE ISSUED BY THE FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") WITH RESPECT TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. A TAX POSITION IS RECOGNIZED AS A BENEFIT ONLY IF IT IS "MORE LIKELY THAN NOT" THAT THE TAX POSITION WOULD BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED IS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE "MORE LIKELY THAN NOT" TEST, NO TAX BENEFIT IS RECORDED. THE ORGANIZATION RECOGNIZES INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST AND INCOME TAX EXPENSE, RESPECTIVELY. THE ORGANIZATION HAS NO AMOUNTS ACCRUED FOR INTEREST OR PENALTIES AS OF DECEMBER 31, 2023 AND DECEMBER 31, 2022. DUE TO ITS TAX-EXEMPT STATUS, THE COLLEGE IS NOT SUBJECT TO U.S. FEDERAL OR STATE INCOME TAX, EXCEPT ON UNRELATED BUSINESS INCOME. THE ORGANIZATION DOES NOT EXPECT THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFITS TO SIGNIFICANTLY CHANGE IN THE NEXT 12 MONTHS. ALL ENTITIES ARE SUBJECT TO EXAMINATION BY THESE TAXING AUTHORITIES. true North America 0 0 Grantmaking 30000 East Asia and the Pacific 0 0 Grantmaking 24000 0 0 0 0 54000 54000 East Asia and the Pacific Community Impact Grant 24000 WIRE North America Research Grant - Sleep 30000 WIRE 2 false false false false false false SCHEDULE F, PART I, LINE 2 - PROCEDURES FOR MONITORING USE OF GRANT FUNDS CHEST'S AWARDS COMMITTEE OVERSEES THE CLINICAL RESEARCH AND HUMANITARIAN AWARDS PROGRAM THAT OFFERS ANNUAL GRANTS TO TAX-EXEMPT ORGANIZATIONS OR NON-GOVERNMENTAL ORGANIZATIONS (NGO) TO WHICH MEMBERS DONATE THEIR TIME AND EXPERTISE. A PEER REVIEW APPLICATION PROCESS IS USED TO SELECT RECIPIENTS OF THE FUNDS. THE NGO PROVIDES PROOF OF ITS STATUS. CHEST ONLY CONFERS PART OF THE MONETARY GRANT ACCOMPANIED BY A LETTER OF AGREEMENT TO THE RECIPIENT ORGANIZATION. AS PART OF THE AGREEMENT, THE RECIPIENT ORGANIZATION MUST SUBMIT A REPORT AT THE 1 YEAR MILESTONE OF THE PROJECT, IF IT IS A MULTI-YEAR GRANT. AFTER THE REPORT IS REVIEWED, THE REMAINING GRANT FUNDS ARE RELEASED. A FINAL REPORT IS DUE AT THE CONCLUSION OF THE GRANT PERIOD FOR ALL GRANTS. 193636 14445 99361 true 1.00000 193636 14445 99361 113806 79830 IL true false true false 0.00000 1.00000 Stratton Davies 2295 Patriot Blvd Glenview IL 60026 false Implevents LLC 34283 OVERSEES GAMING ACTIVITIES X false true Duke University PO Box 602651 Charlotte NC 28260 562070036 501(c)(3) 30000 Young Investigator Grant Rector and Visitors of the University of Virginia 1001 N Emmet Street Charlottesville VA 22903 541124769 501(c)(3) 50000 Research Grant - Pulmonary Fibrosis University of Rochester 601 Elmwood Avenue Rochester NY 14642 160743209 501(c)(3) 50000 Research Grant - Pulmonary Fibrosis African Digital Wisdom Academy - ADWA Inc 14201 Punch Street Silver Spring MD 20906 853552281 501(c)(3) 8000 Community Impact Grant Partners in Health 800 Boylston Street Suite 300 Boston MA 02199 043567502 501(c)(3) 10000 Community Impact Grant Medical Education Resources Unlimited PO Box 370143 West Hartford CT 06137 880976250 501(c)(3) 26000 Community Impact Grant Johns Hopkins University 3910 Keswick Road Baltimore MD 21211 520595110 501(c)(3) 20000 Research Grant - Sarcoidosis The Trustees of Columbia University in the City of PO Box 29789 New York NY 10087 135598093 501(c)(3) 133188 Research Grant - Critical Care American Thoracic Society 25 Broadway New York NY 10004 800759359 501(c)(6) 100001 Respiratory Health Equity Research Award Emory University 615 Michael Street NE Suite 205 Atlanta GA 30322 580566256 501(c)(3) 30000 Research Grant - COPD The Toledo Hospital 2142 N Cove Blvd Toledo OH 43606 344428256 501(c)(3) 100000 Research Grant - Non Small Cell Lung Cancer Medical University of South Carolina Foundation 1 South Park Circle Charleston SC 29407 576028985 501(c)(3) 100000 Research Grant - Non Small Cell Lung Cancer University of Chicago 5841 S Maryland Avenue Chicago IL 60637 362177139 501(c)(3) 150000 Research Grant - Bridging Specialties West Virginia University PO Box 9156 Morgantown WV 26506 550643304 501(c)(3) 150000 Research Grant - Bridging Specialties 13 1 SCHEDULE I, PART I, LINE 2 - PROCEDURES FOR MONITORING USE OF GRANT FUNDS THE AMERICAN COLLEGE OF CHEST PHYSICIANS (CHEST) ENTERS INTO A FORMAL LEGAL AGREEMENT WITH ALL GRANTEES ARTICULATING ALL REQUIREMENTS RELATED TO THE GRANT INCLUDING REPORTING, INTELLECTUAL PROPERTY OWNERSHIP, CIRCUMSTANCES RELATED TO NONCOMPLIANCE TO GRANT AGREEMENT TERMS, PAYMENT SCHEDULE, AND PROJECT EXPECTATIONS. ALL REPORTING DEADLINES ARE SUPERVISED BY CHEST STAFF. CHEST REQUIRES PROOF OF 501(C)(3) STATUS AND/OR PROOF THAT THE FUNDS WILL BE USED CONSISTENTLY WITH CHEST'S EXEMPT PURPOSES. CHEST SCREENS ALL ORGANIZATIONS PRIOR TO ISSUING GRANT PAYMENTS. X true true X X X X X false false false false false false false false false Robert Musacchio PhD Secretary/Executive VP & CEO 478569 33000 36274 26400 574243 Stratton Davies CPA Senior VP & CFO 288239 21692 23007 26400 16128 375466 Nicki Augustyn Senior VP 272405 20249 15542 23418 7668 339282 Jennifer Nemkovich Senior VP 278385 20648 15618 11144 7668 333463 Debra Janiszewski Senior VP 240337 17732 14734 13672 7668 294143 John Rather General Counsel 246375 17940 1911 12414 278640 Richard Schuch Senior VP 211236 16146 14497 9959 22356 274194 Jonathan Iaccarino Senior Director 217484 10557 5971 11611 245623 Manuel Alfaro Senior Director 186737 9785 8218 10878 22356 237974 Tracy Lucitt Senior Director 177450 5104 1788 9268 193610 Suzanne Sletto Distel VP Org Affairs 181688 7493 1194 9742 6912 207029 SCHEDULE J, PART I, LINE 1A - HEALTH OR SOCIAL CLUB DUES OR INITIATION FEE THE AMERICAN COLLEGE OF CHEST PHYSICIANS INCLUDES AS TAXABLE COMPENSATION ANY HEALTH CLUB OR SOCIAL CLUB DUES PAID ON BEHALF OF BOTH INTERESTED AND NON INTERESTED PERSONS. A ILLINOIS FINANCE AUTHORITY 861091967 000000000 2013-03-07 18000000 SEE DESCRIPTION ON PART VI false false false A 2833868 0 18000000 0 0 0 0 0 0 18000000 0 0 2014 false false true true A false false false false 0.00000 0.00000 0.00000 false false 0.00000 false false A false false true false true false 0 false 0 false false A false SCHEDULE K, PART I - DESCRIPTION OF PURPOSE THE ACQUISITION, DESIGN, DEVELOPMENT, CONSTRUCTION, IMPROVEMENT, FURNISHING AND EQUIPPING OF CERTAIN NEW EDUCATIONAL AND TRAINING FACILITIES, INCLUDING, WITHOUT LIMITATION, ONE OR MORE SIMULATORS, AN AUDITORIUM, CLASSROOMS, ADMINISTRATIVE OFFICES AND VARIOUS OTHER EDUCATIONAL AND TRAINING FACILITIES AND INCLUDING SITE IMPROVEMENTS, LANDSCAPING, AND IMPROVEMENTS TO ROADS, WALKWAYS AND PARKING LOTS, ALL AT 2595 PATRIOT BLVD, GLENVIEW, ILLINOIS 60026. SCHEDULE K, PART III, LINE 9 - WRITTEN PROCEDURES THE COLLEGE HAS A DRAFT FORM OF WRITTEN PROCEDURES TO ENSURE THAT ALL NONQUALIFIED BONDS OF THE ISSUE ARE REMEDIATED IN ACCORDANCE WITH REQUIREMENTS. MANAGEMENT IS IN THE PROCESS OF OBTAINING FORMAL APPROVAL. SCHEDULE K, PART IV, LINE 7 - WRITTEN PROCEDURES THE COLLEGE HAS A DRAFT FORM OF WRITTEN PROCEDURES TO MONITOR THE REQUIREMENTS OF SECTION 148. MANAGEMENT IS IN THE PROCESS OF OBTAINING FORMAL APPROVAL. SCHEDULE K, PART V - WRITTEN PROCEDURES THE COLLEGE HAS A DRAFT FORM OF WRITTEN PROCEDURES AND MANAGEMENT IS IN THE PROCESS OF OBTAINING FORMAL APPROVAL. FORM 990, PART III, LINE 4D - DESCRIPTION OF OTHER PROGRAM SERVICES LEADERSHIP, NETWORKS, AND MEMBERSHIP: INTERDISCIPLINARY, FOCUSED-INTEREST GROUPS ARE ESTABLIHED TO PROVIDE THE OPPORTUNITY TO FORM A PROFESSIONAL ALLIANCE WITH OTHER MEMBERS OR GROUPS WHO SHARE SIMILAR EXPERTISE AND CONCERNS RELATIVE TO CLINICAL PRACTICE AND/OR COMMUNITY HEALTH ISSUES. PHILANTHROPY: IN 2023, THE AMERICAN COLLEGE OF CHEST PHYSICIANS (CHEST) PHILANTHROPIC APPROACH EVOLVED TO ALIGN WITH THE ORGANIZATIONAL MISSION AND ELEVATE THE VALUE PLACED ON GIVING, MAKING IT A CORE PRIORITY AND RESPONSIBILITY OF CHEST AS AN ORGANIZATION. THIS WAS A PIVOTAL TRANSFORMATION THAT NOW ALLOWS CHEST TO BROADEN ITS SCOPE AND DEEPEN ITS IMPACT. IN 2023, CHEST AIDED RESEARCHERS IN ACQUIRING VITAL CLINICAL DATA, PROVIDED NEEDED MEDICAL SUPPLIES TO FAMILIES EXPERIENCING ASTHMA, CONNECTED AN UP-AND-COMING MEDICAL EDUCATOR WITH A MENTOR. CHEST CONTINUES TO LAUNCH MANY AND EXPANDED PROGRAMS THROUGH PHILANTHROPY, INCLUDING GRANTS THAT WILL CREATE MORE AVENUES TO SUPPORT MEMBER RESEARCH, EDUCATE THE NEXT GENERATION OF CHEST PHYSICIANS, AND EMPOWER THE WORK OF OUR MEMBERS EMBEDDED IN COMMUNITIES THAT NEED THEM. Form 990, Part VI, Line 1A- Delegate Broad Authority To a Committee THE GOVERNANCE COMMITTEE SHALL BE COMPOSED OF THE IMMEDIATE PAST PRESIDENT, THE CHAIR OF THE BOARD OF ADVISORS, AND BETWEEN 4 AND 5 REGENTS-AT-LARGE. THE IMMEDIATE PAST PRESIDENT SHALL SERVE AS CHAIR OF THE COMMITTEE. THE GOVERNANCE COMMITTEE SHALL RECEIVE AND EVALUATE NOMINATIONS FOR OFFICERS AND REGENT POSITIONS AND PREPARE RECOMMENDATIONS FOR THE BOARD. THE PROCEDURES RELATING TO CALL FOR, RECEIPT, EVALUATION, RECOMMENDATION, AND ELECTION OF OFFICERS AND REGENTS SHALL BE SET FORTH IN THE COMMITTEE'S CHARTER. THE GOVERNANCE COMMITTEE SHALL PERIODICALLY REVIEW THE COLLEGE'S GOVERNANCE DOCUMENTS AND MAKE RECOMMENDATIONS TO THE BOARD AS DEEMED NECESSARY, AND SHALL PERFORM SUCH OTHER DUTIES AS SET FORTH IN THE COMMITTEE'S CHARTER OR AS ASSIGNED BY THE BOARD. FORM 990, PART VI, LINE 6 - CLASSES OF MEMBERS OR STOCKHOLDERS THE COLLEGE MAY HAVE ONE OR MORE TYPES OF MEMBERSHIP. ANY ADDITION, TERMINATION, OR MODIFICATION OF A MEMBERSHIP TYPE THAT ADDRESSES A RIGHT TO VOTE UNDER THESE BYLAWS OR THAT CHANGES WHO IS ELIGIBLE TO BE A REGENT OR OFFICER OF THE COLLEGE IS SUBJECT TO APPROVAL BY THE BOARD. FELLOW: A FELLOW IS A MEMBER WHO MEETS QUALIFICATIONS ESTABLISHED BY THE BOARD AND WHO HAS APPLIED FOR SUCH DESIGNATION AND BEEN APPROVED ACCORDING TO PROCEDURES ESTABLISHED BY THE COLLEGE. CURRENT FELLOWS IN GOOD STANDING MAY USE THE DESIGNATION "FCCP." MASTER FELLOW: A MASTER FELLOW IS A FELLOW WHO HAS BEEN NOMINATED FOR SUCH DESIGNATION AND APPROVED BY THE BOARD. A MASTER FELLOW'S DUES SHALL BE WAIVED AND THEY USE THE DESIGNATION "MASTER FCCP" AS LONG AS THEY REMAIN A FELLOW IN GOOD STANDING. HONORARY FELLOW: AN HONORARY FELLOW IS AN INDIVIDUAL WHO IS NOT OTHERWISE A MEMBER BUT WHO HAS BEEN DETERMINED BY THE BOARD TO HAVE MADE A SIGNIFICANT CONTRIBUTION TO THE FIELD OF CHEST MEDICINE WORTHY OF DISTINCTION. AN HONORARY FELLOW MAY USE THE DESIGNATION "FCCP HONORARY"FCCP (HON)," SUBJECT TO REVOCATION BY THE BOARD. FORM 990, PART VI, LINE 11B - REVIEW OF FORM 990 BY GOVERNING BODY PRIOR TO FILING THE RETURN WITH THE IRS, A DRAFT OF THE COMPLETED FORM 990 IS REVIEWED BY THE ORGANIZATION'S FINANCE COMMITTEE. SUBSEQUENT TO THE FINANCE COMMITTEE'S REVIEW, THE COMPLETED AND FINAL FORM 990 IS PRESENTED TO THE ORGANIZATION'S BOARD OF DIRECTORS FOR REVIEW AND FILED WITH THE IRS. FORM 990, PART VI, LINE 12C - CONFLICT OF INTEREST POLICY ANNUALLY, THE ORGANIZATION DISTRIBUTES AN ELECTRONIC CONFLICT OF INTEREST QUESTIONNAIRE TO ALL INTERESTED PERSONS TO DETERMINE IF ANY POTENTIAL OR ACTUAL CONFLICT OF INTEREST EXISTS. THE PROFESSIONAL STANDARDS COMMITTEE REVIEWS EACH QUESTIONNAIRE ELECTRONICALLY SUBMITTED BY THESE INDIVIDUALS TO DETERMINE IF ANY POTENTIAL OR ACTUAL CONFLICTS OF INTEREST EXIST AND REQUIRES THE ATTENTION OF THE BOARD. IF THE BOARD DETERMINES THAT AN ACTUAL CONFLICT EXISTS, THEN THE INTERESTED PERSON WITH THE CONFLICT WILL RECUSE HIM/HERSELF FROM ANY RELATED DISCUSSION, VOTE OR SIMILAR ACTION ON THE MATTER. FORM 990,PART VI,LINE 15A-ESTABLISHING TOP MANAGMENT COMPENSATION FOR THE YEAR ENDED DECEMBER 31, 2022 THE COMPENSATION COMMITTEE, MADE UP OF INDEPENDENT MEMBERS, COMPARED THE COMPENSATION FOR "DISQUALIFIED PERSONS" TO THAT OF THE ESTABLISHED "PEER GROUP" BASED ON A STUDY CONDUCTED BY AN INDEPENDENT COMPENSATION CONSULTANT, NOTING THAT THE COMPENSATION FOR THE DISQUALIFIED PERSONS WAS REASONABLE. THESE DELIBERATIONS AND DECISIONS WERE DOCUMENTED CONTEMPORANEOUSLY. FOR THE YEAR ENDING DECEMBER 31, 2023 THE COMPENSATION FOR THE "DISQUALIFIED PERSONS" WERE COMPARED TO THE 990S OF THE "PEER GROUPCOMPENSATION SURVEYS AND DETERMINED THAT THEIR COMPENSATION WAS REASONABLE. FORM 990,PART VI,LINE 15B - ESTABLISHING COMPENSATION OF OTHER OFFICERS FOR THE YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022 THE COMPENSATION COMMITTEE, MADE UP OF INDEPENDENT MEMBERS, COMPARED THE COMPENSATION FOR "DISQUALIFIED PERSONS" TO THAT OF THE ESTABLISHED "PEER GROUP" BASED ON A STUDY CONDUCTED BY AN INDEPENDENT COMPENSATION CONSULTANT FOR A PRIOR FISCAL YEAR, NOTING THAT THE COMPENSATION FOR THE DISQUALIFIED PERSONS WAS REASONABLE. THESE DELIBERATIONS AND DECISIONS WERE DOCUMENTED CONTEMPORANEOUSLY. THE COLLEGE'S BOARD OF REGENTS DETERMINED THAT THE PRESIDENT, PRESIDENT ELECT, IMMEDIATE PAST-PRESIDENT AND PRESIDENT DESIGNATE SHALL RECEIVE HONORARIUMS FOR THE TIME SERVED IN THESE POSITIONS. SIMILAR MEDICAL ASSOCIATIONS WERE SURVEYED TO DETERMINE WHAT BOARD POSITIONS IN SIMILAR ASSOCIATIONS RECEIVED HONORARIUMS, THE AMOUNT OF TIME THE BOARD MEMBERS SPEND ON ASSOCIATION BUSINESS AND THE AMOUNT OF HONORARIUMS THEY RECEIVED. BASED ON THE DATA COLLECTED A PROPOSAL WAS MADE TO THE COLLEGE'S BOARD WITH THE RELATED "PROPOSED PAID" BOARD POSITIONS RECUSING THEMSELVES FROM THE MEETING AND VOTE. THE BOARD PASSED THE CURRENT HONORARIUM STRUCTURE. FORM 990, PART VI, LINE 19- REQUIRED DOCUMENTS AVAILABLE TO THE PUBLIC THE ORGANIZATION'S BYLAWS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE. OTHER DOCUMENTS WHICH ARE REQUIRED TO BE MADE AVAILABLE TO THE PUBLIC, PURSUANT TO IRC 6104, ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9 - OTHER CHANGES IN NET ASSETS OR FUND BALANCES INCREASE IN ASSETS FROM MERGER WITH THE CHEST FOUNDATION: $18,908,793 LOSS ON SWAP VALUATION: ($55,867) TOTAL CHANGE: $18,852,926 FORM 990, PART VI, Line 4 - CHANGES TO GOVERNING DOCUMENTS THE ORGANIZATION ENGAGED IN A SYSTEMATIC REVIEW AND UPDATE OF VIRTUALLY EVERY ARTICLE OF ITS BYLAWS. THE MAJORITY OF CHANGES WERE STYLISTIC. HOWEVER, SUBSTANTIVE CHANGES WERE MADE TO THE FOLLOWING PROVISIONS: (A) MEMBERSHIP CLASSIFICATIONS AND DISCIPLINE, (B) DUES, (C) OFFICERS, (D) COMMITTEES, AND (E) AMENDMENTS. MERGER WITH THE CHEST FOUNDATION EFFECTIVE JUNE 1, 2023, THE CHEST FOUNDATION, A RELATED 501(C)(3) ENTITY, CEASED EXISTENCE. ALL OF ITS PROGRAM SERVICES WERE MOVED OVER TO THE AMERICAN COLLEGE OF CHEST PHYSICIANS. SCHEDULE D, PART V - ENDOWMENT FUND EFFECTIVE JUNE 1, 2023, CONTROL OVER THE CHEST FOUNDATION'S, A RELATED 501(C)(3) ENTITY, ENDOWMENT FUND TRANSFERRED TO AMERICAN COLLEGE OF CHEST PHYSICIANS, FOLLOWING A MERGER BETWEEN THE TWO ORGANIZATIONS. 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