2023-11-15T13:38:15-06:00 2022-12-31 381357951 PLANTE & MORAN PLLC 10 S RIVERSIDE PLAZA 9TH FLOOR CHICAGO IL 60606 990 2022-01-01 363022713 THE SOCIETY OF THORACIC SURGEONS SOCI 3122025800 633 N SAINT CLAIR ST 2100 CHICAGO IL 60611 ELAINE WEISS CEO/EXECUTIVE DIRECTOR 3122025800 2023-11-13 1 ELAINE WEISS 999009999 1 DAVID LOWENTHAL P00378651 3122071040 2023-11-13 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ELAINE WEISS 633 N SAINT CLAIR ST 2100 CHICAGO IL 60611 43876639 0 X WWW.STS.ORG X 1971 IL TO ENHANCE THE ABILITY OF CARDIOTHORACIC SURGEONS TO PROVIDE THE HIGHEST QUALITY PATIENT CARE. 19 19 98 417 1534350 188002 993994 1277819 21679074 22675193 2468019 1231441 5415271 6871264 30556358 32055717 639102 1102266 0 0 11666111 12722545 0 0 0 16596536 18014864 28901749 31839675 1654609 216042 85174703 76171743 19547523 20727843 65627180 55443900 TO IMPOROVE THE LIVES OF PATIENTS WITH CARDIOTHORACIC DISEASES. 0 0 EDUCATION - PROVIDE EDUCATIONAL ACTIVITIES AND PUBLISH A JOURNAL REGARDING MEDICAL AND SCIENTIFIC INFORMATION TO OVER 7,700 MEMBERS. HEALTH POLICY - EDUCATE OVER 7,700 MEMBERS ABOUT EXISTING AND PROPOSED LEGISLATION AND REGULATIONS, AND EDUCATE GOVERNMENTAL BODIES ABOUT THE SPECIALTY. QUALITY, RESEARCH, AND PATIENT SAFETY - DEVELOP AND MAINTAIN THE STS NATIONAL DATABASE FOR THORACIC SURGERY CLINICAL OUTCOMES, PROMULGATE CLINICAL PRACTICE GUIDELINES TO ENHANCE PATIENT CARE, AND ENGAGE IN RELATED ACTIVITIES. 0 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 59 0 1 98 1 1 1 0 0 0 1 1 0 0 0 X 19 19 0 0 1 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X KEITH BURA 3122025815 633 N SAINT CLAIR ST STE 2100 CHICAGO IL 60611 JOHN H CALHOON MD PRESIDENT 12.00 4.00 X X 8000 0 0 WILSON Y SZETO MD SECRETARY 12.00 4.00 X X 5500 0 0 THOMAS E MACGILLIVRAY MD FIRST VICE PRESIDENT 12.00 4.00 X X 1000 0 0 JENNIFER C ROMANO MD SECOND VICE PRESIDENT 3.00 4.00 X X 1000 0 0 VINOD H THOURANI MD TREASURER 3.00 4.00 X X 1000 0 0 JOSEPH A DEARANI MD IMT. PAST PRESIDENT - THRU 1/22 2.00 0.00 X X 0 0 0 SEAN C GRONDIN MD IMT. PAST PRESIDENT - THRU 11/22 2.00 0.00 X X 0 0 0 KEVIN D ACCOLA MD DIRECTOR-AT-LARGE 2.00 0.00 X 0 0 0 LEAH M BACKHUS MD DIRECTOR-AT-LARGE 2.00 0.00 X 0 0 0 ALESSANDRO BRUNELLI MD INTERNATIONAL DIRECTOR 2.00 0.00 X 0 0 0 JOSEPH C CLEVELAND MD DIRECTOR-AT-LARGE - THRU 1/22 2.00 0.00 X 0 0 0 DEBRA A DAROSA MD PUBLIC DIRECTOR 2.00 0.00 X 0 0 0 ANTHONY L ESTRERA MD DIRECTOR-AT-LARGE 2.00 0.00 X 0 0 0 GREGORY P FONTANA MD DIRECTOR-AT-LARGE 2.00 0.00 X 0 0 0 STEPHANIE M FULLER MD DIRECTOR-AT-LARGE - BEG 7/22 2.00 0.00 X 0 0 0 THOMAS G GLEASON MD DIRECTOR-AT-LARGE 2.00 0.00 X 0 0 0 KIMBERLY A HOLST MD RESIDENT DIRECTOR 2.00 0.00 X 0 0 0 JOHN D MITCHELL MD DIRECTOR-AT-LARGE 2.00 0.00 X 0 0 0 MARC RUEL MD CANADIAN DIRECTOR 2.00 0.00 X 0 0 0 J RAFAEL SADABA MD INTERNATIONAL DIRECTOR 2.00 0.00 X 0 0 0 ALAN D SIHOE MD INTERNATIONAL DIRECTOR 2.00 0.00 X 0 0 0 JAMES S TWEDDELL MD DIRECTOR-AT-LARGE - THRU 7/22 2.00 0.00 X 0 0 0 ARA A VAPORCIYAN MD DIRECTOR-AT-LARGE 2.00 0.00 X 0 0 0 ELAINE WEISS CEO/EXECUTIVE DIRECTOR 60.00 1.00 X 852724 0 77547 WILLIAM SEWARD SENIOR VICE PRESIDENT 40.00 0.00 X 400511 0 58240 GRAHAME RUSH SENIOR VICE PRESIDENT 40.00 1.00 X 395785 0 58455 ROBERT HABIB VICE PRESIDENT, STS RESEARCH CENTER 40.00 0.00 X 363211 0 58594 CHARLIE SIMPSON VICE PRESIDENT, MARKETING 40.00 0.00 X 297030 0 52954 AVIDAN STERN GENERAL COUNSEL 40.00 1.00 X 290982 0 42984 KEITH BURA VICE PRESIDENT, FINANCE & ADMINISTRATION 40.00 1.00 X 288072 0 37938 DONNA MCDONALD VICE PRESIDENT, QUALITY 40.00 0.00 X 254392 0 19696 SCOTT BRADBURY VICE PRESIDENT, EDUCATION 40.00 0.00 X 234330 0 47973 COURTNEY YOHE VP, GOVERNMENT RELATIONS-THRU 11/22 40.00 0.00 X 217801 0 15358 JANE HAN VICE PRESIDENT, QUALITY AND RESEARCH 40.00 0.00 X 217030 0 31128 HARIS SUBACIUS ASSOCIATE DIRECTOR OF DATABASE ANALYTICS - RESEARC 40.00 0.00 X 179586 0 16820 COLEEN DONOHOE VICE PRESIDENT,MEETINGS AND CONVENTIONS 40.00 0.00 X 175632 0 26392 KEVIN GILMARTIN DIRECTOR, INFORMATION TECHNOLOGY 40.00 0.00 X 160619 0 40764 CAROL KROHN DIRECTOR, STS NATIONAL DATABASE 40.00 0.00 X 159012 0 22372 BETH WINER ASSOCIATE DIRECTOR, MEMBER ENGAGEMENT - MEMBER SER 40.00 0.00 X 158698 0 24823 ROBERT WYNBRANDT FORMER OFFICER 0.00 0.00 X 135000 0 0 4796915 0 632038 21 1 1 0 UNIVERSITY OF ALABAMA AT BIRMINGHAM 801 5TH AVENUE RM 251 BIRMINGHAM AL 35233 DATA WAREHOUSING 2585438 DUKE UNIVERSITY PO BOX 602651 CHARLOTTE NC 28260 DATA WAREHOUSING 2133064 IQVIA RDS INC PO BOX 601070 RW LPR OS CHARLOTTE NC 28260 DATA WAREHOUSING 1601640 HEALTHCARE MANAGEMENT SOLUTIONS LLC 1000 TECHNOLOGY DRIVE SUITE 1310 FAIRMONT WV 26554 DATA AUDITING 353468 PROJECTION INC PO BOX 890472 CHARLOTTE NC 28289 AUDIO VISUAL 342183 23 110852 1166967 1277819 NATIONAL DATABASE 611710 9891041 9891041 EDUCATIONAL MEETINGS 611710 4987970 4987970 MEMBERSHIP DUES 611710 2948155 2948155 TVT REGISTRY 611710 1948337 1948337 PUBLICATIONS & SUBSCRI 611710 1466994 1466994 1432696 136846 1295850 22675193 1568062 1568062 6562787 6562787 69977 0 69977 69977 69977 11484301 11820922 -336621 -336621 -336621 SPONSORSHIP & BRANDING 900004 181500 181500 EBLAST REVENUE 900004 51500 51500 WEBSITE BANNER REVENUE 900004 5500 5500 238500 32055717 21379343 1534350 7864205 X 1102266 5428956 5333477 412571 903655 643886 121961 52305 272973 10622361 1049800 559271 605483 416456 1546399 2490731 187971 MEMBERSHIP AND CONTRIBU 69622 UBI TAX 19531 31839675 3589717 2844795 3302620 846661 1217765 2254130 538018 961214 19639599 12208751 9014207 7430848 67512376 59504958 0 2329137 85174703 76171743 7935827 6202733 11611696 10932971 0 3592139 19547523 20727843 X 65443919 55261639 183261 182261 65627180 55443900 85174703 76171743 216042 -10399322 0 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 1 2617915 356032 -658401 -302369 523583 -825952 2586829 1133089 1453740 168594 167613 981 16884176 10908049 5976127 7430848 LEASE LIABILITIES 3592139 3592139 X PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE SOCIETY AND RECOGNIZE A TAX LIABILITY IF THE SOCIETY HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS OR OTHER APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE SOCIETY AND HAS CONCLUDED THAT, AS OF DECEMBER 31, 2022, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. SCHEDULE D, PART V: DURING THE 2022 YEAR END AUDIT, IT WAS DETERMINED THAT PREVIOUSLY PRESENTED ENDOWMENTS WERE NOT ACTUAL ENDOWMENTS. THE PRESENTATION ON SCHEDULE D, PART V, HAS BEEN UPDATED IN ACCORDANCE WITH THIS CHANGE. CENTRAL AMERICA AND THE CARIBBEAN 0 0 LATIN AMERICA CARDIOVASCULAR CONFERENCE MEETING PARTICIPATION 299137 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 EACTS MEETING PARTICIPATION MEETING PARTICIPATION 25029 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 ESTS MEETING MEETING PARTICIPATION 3819 NORTH AMERICA 0 0 CORONARY CONFERENCE EDUCATIONAL MEETING 138100 0 0 0 0 0 0 466085 0 466085 0 0 0 0 0 0 PART III ACCOUNTING METHOD: 1 THE THORACIC SURGERY FOUNDATION 633 N SAINT CLAIRE STREET CHICAGO IL 60611 363635910 501 C (3) 710798 302043 OPERATIONS & GRANT SUPPORT WOMAN IN THORACIC SURGERY 5000 EXECUTIVE PARKWAY SAN RAMON CA 94583 300003353 501 C (3) 16500 0 DONATION AMERICAN ASSOCIATION FOR THORACIC SURGERY 500 CUMMINGS CENTER SUITE 400 BEVERLY MA 01915 046406547 501 C (6) 10000 0 SCHOLARSHIP SUPPORT ASSOCIATION OF BLACK CARDIOVASCULAR AND THORACIC SURGEONS 75 FRANCIS STREET BOSTON MA 02115 271147502 501 C (3) 60000 0 PROGRAM SUPPORT 3 1 PART I, LINE 2: GRANTS AND OTHER ASSISTANCE AMOUNTS ARE APPROVED THROUGHOUT THE YEAR ACCORDING TO STS POLICY. STAFF WILL PROCESS THE VARIOUS GRANTS ACCORDING TO THESE AUTHORIZED DIRECTIVES AND WILL FOLLOW UP WITH THE RECIPIENTS ACCORDINGLY. X X X X 0 1 0 ELAINE WEISS CEO/EXECUTIVE DIRECTOR 702825 0 133120 0 16779 0 54866 0 22681 0 930271 0 16779 0 WILLIAM SEWARD SENIOR VICE PRESIDENT 352071 0 47000 0 1440 0 27197 0 31043 0 458751 0 0 0 GRAHAME RUSH SENIOR VICE PRESIDENT 347845 0 46500 0 1440 0 27450 0 31005 0 454240 0 0 0 ROBERT HABIB VICE PRESIDENT, STS RESEARCH CENTER 315321 0 46450 0 1440 0 27450 0 31144 0 421805 0 0 0 CHARLIE SIMPSON VICE PRESIDENT, MARKETING 291860 0 3730 0 1440 0 21762 0 31192 0 349984 0 0 0 AVIDAN STERN GENERAL COUNSEL 256017 0 33525 0 1440 0 14986 0 27998 0 333966 0 0 0 KEITH BURA VICE PRESIDENT, FINANCE & ADMINISTRA 253632 0 33000 0 1440 0 26057 0 11881 0 326010 0 0 0 SCOTT BRADBURY VICE PRESIDENT, EDUCATION 203890 0 29000 0 1440 0 21441 0 26532 0 282303 0 0 0 DONNA MCDONALD VICE PRESIDENT, QUALITY 224210 0 28742 0 1440 0 16859 0 2837 0 274088 0 0 0 JANE HAN VICE PRESIDENT, QUALITY AND RESEARCH 194590 0 21000 0 1440 0 19541 0 11587 0 248158 0 0 0 COURTNEY YOHE VP, GOVERNMENT RELATIONS-THRU 11/22 197343 0 19198 0 1260 0 12983 0 2375 0 233159 0 0 0 COLEEN DONOHOE VICE PRESIDENT,MEETINGS AND CONVENTI 154574 0 19618 0 1440 0 15710 0 10682 0 202024 0 0 0 KEVIN GILMARTIN DIRECTOR, INFORMATION TECHNOLOGY 147338 0 13281 0 0 0 14909 0 25855 0 201383 0 0 0 HARIS SUBACIUS ASSOCIATE DIRECTOR OF DATABASE ANALY 177106 0 2480 0 0 0 14227 0 2593 0 196406 0 0 0 BETH WINER ASSOCIATE DIRECTOR, MEMBER ENGAGEMEN 145698 0 13000 0 0 0 13883 0 10940 0 183521 0 0 0 CAROL KROHN DIRECTOR, STS NATIONAL DATABASE 145757 0 13255 0 0 0 11171 0 11201 0 181384 0 0 0 ROBERT WYNBRANDT FORMER OFFICER 0 0 0 0 135000 0 0 0 0 0 135000 0 0 0 PART I, LINE 4B LINE 4B: THE SOCIETY OF THORACIC SURGEONS HAS ESTABLISHED A NON-QUALIFIED SECTION 457(F) DEFERRED COMPENSATION PLAN. THE SOCIETY CREDITS PARTICIPANTS ACCOUNTS WHICH ARE RECORDED ON FORM 990 AS DEFERRED COMPENSATION. THESE BALANCES VEST OVER A THREE-YEAR PERIOD. PARTICIPANT BALANCES ARE SUBJECT TO FORFEITURE PRIOR TO VESTING. THE PLAN CONTRIBUTIONS ARE HELD IN A RABBI TRUST AND REMAIN THE ASSET OF THE ORGANIZATION AND ARE SUBJECT TO THE CLAIMS OF THE ORGANIZATION'S GENERAL CREDITORS UNTIL SUCH AMOUNTS ARE PAID OUT TO THE INDIVIDUAL. DURING THE YEAR, ELAINE WEISS PARTICIPATED IN A NON-QUALIFIED SECTION 457(F) DEFERRED COMPENSATION PLAN. A DISTRIBUTION OF $16,779 WAS MADE FROM THE PLAN IN 2022. PART I, LINE 7 AS INDICATED IN SCHEDULE J, PART II, CEO/EXECUTIVE DIRECTOR, KEY EMPLOYEES AND HIGHLY COMPENSATED EMPLOYEES OF THE ORGANIZATION ARE ELIGIBLE TO RECEIVE A BONUS BASED ON PERFORMANCE METRICS AND THE FINANCIAL RESULTS OF THE ORGANIZATION. THIS BONUS WAS APPROVED BY BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION AMENDED ITS BYLAWS AS OF JANUARY 2022. THE FOLLOWING ITEMS WERE REVISED: ARTICLE III, SECTION I, 6 AND 7 - THE TYPES OF MEMBERSHIP WERE CHANGED SO THE CANDIDATE CATEGORY IS NOW RESIDENT/FELLOW AND PRE-CANDIDATE IS MEDICAL STUDENT. THE SEVEN TYPES OF MEMBERSHIP SHALL NOW BE: ACTIVE, SENIOR, HONORARY, INTERNATIONAL, RESIDENT/FELLOW, MEDICAL STUDENT AND ASSOCIATE. RESIDENT/FELLOW MEMBERS SHALL BE MATCHED OR ENROLLED IN AN APPROPRIATELY ACCREDITED OR OTHERWISE RECOGNIZED GENERAL SURGERY EDUCATIONAL PROGRAM AND MAY REMAIN RESIDENT/FELLOW MEMBERS FOR A MAXIMUM OF ONE YEAR FOLLOWING COMPLETION OF SAID EDUCATION. ARTICLE V, SECTION 2 - THE NUMBER OF DIRECTORS WAS ADJUSTED TO BE BETWEEN 17-23 AND THE NUMBER OF INTERNATIONAL DIRECTORS WAS INCREASED FROM 2 TO 3. ARTICLE VI - THE EDITOR POSITION WAS ELIMINATED AS A BOARD OF DIRECTOR POSITION. ARTICLE VIII, SECTION 1 - AN EDITOR WILL BE APPOINTED BY THE BOARD AND RESPONSIBLE FOR ALL ACTIVITIES ASSOCIATED WITH EDITING AND PUBLISHING SCHOLARLY JOURNALS PUBLISHED BY THE SOCIETY. THE EDITOR SHALL BE THE CHAIR OF THE ANNALS OF THORACIC SURGERY EDITORIAL BOARD. ARTICLE VIII, SECTION 2 - THE EDITOR SHALL SERVE FOR A MAXIMUM OF TWO TERMS, WITH AN INITIAL TERM OF FIVE (5) YEARS AND A SECOND TERM OF UP TO FIVE (5) YEARS, AS DETERMINED BY THE BOARD OF DIRECTORS. THE INDIVIDUAL IDENTIFIED TO SUCCEED THE CURRENT EDITOR (THE EDITOR-DESIGNATE), SHALL BE SELECTED BY A SEARCH COMMITTEE APPOINTED BY THE EXECUTIVE COMMITTEE, UPON THE RECOMMENDATION OF THE PRESIDENT, AT LEAST EIGHT MONTHS PRIOR TO THE CONCLUSION OF THE EDITOR'S FINAL TERM, AS DETERMINED BY THE BOARD OF DIRECTORS. ARTICLE VIII, SECTION 3 - A VACANCY IN THE OFFICE OF EDITOR SHALL BE FILLED BY THE BOARD OF DIRECTORS FOR THE UNEXPIRED PORTION OF THE TERM. ARTICLE X, SECTION 5 - THE MEMBERS OF THE WORKFORCE ON THE ANNUAL MEETING SHALL SERVE FOR A TERM OF ONE YEAR, WITH A MAXIMUM OF THREE CONSECUTIVE ONE-YEAR TERMS AND WORKFORCE ON ANNUAL MEETING CHAIR AND VICE CHAIR SHALL BE APPOINTED TO SERVE A MAXIMUM OF ONE ONE-YEAR TERM. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION IS A MEMBERSHIP SOCIETY AND HAS OVER 7,700 MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE GOVERNING BODY ARE ELECTED BY THE MEMBERSHIP AT ITS ANNUAL MEETING PURSUANT TO THE ORGANIZATION'S BYLAWS. FORM 990, PART VI, SECTION A, LINE 7B CERTAIN DECISIONS OF THE GOVERNING BODY (E.G., REGARDING DUES AND BYLAWS AMENDMENTS) ARE SUBJECT TO APPROVAL BY MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION RETAINED THE SERVICES OF AN INDEPENDENT CPA FIRM TO PREPARE ITS FORM 990. MANAGEMENT THEN REVIEWED THE COMPLETED FORM 990 AND PROVIDED A FULL COPY TO ALL VOTING MEMBERS OF THE ORGANIZATION'S BOARD OF DIRECTORS (I.E., THE GOVERNING BODY). THE VOTING MEMBERS OF THE GOVERNING BODY WERE GIVEN A REASONABLE AMOUNT OF TIME TO REVIEW THE RETURN AND ASK ANY QUESTIONS DIRECTLY TO MANAGEMENT. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS, KEY EMPLOYEES, AND OTHERS ARE ANNUALLY REQUIRED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE STATEMENT AS A REQUIREMENT OF SERVICE. THE STATEMENT ON STS DISCLOSURE POLICY AND GUIDELINES REGARDING CONFLICTS OF INTEREST IS READ AT THE BEGINNING OF EVERY BOARD OF DIRECTORS, COMMITTEE, COUNCIL OPERATING BOARD, AND WORKFORCE MEETING. IF A CONFLICT OF INTEREST OR THE APPEARANCE OF A CONFLICT OF INTEREST EXISTS, THE PERSON WITH SUCH A CONFLICT MUST DISCLOSE THE RELATIONSHIP AND REFRAIN FROM VOTING ON THE MATTER; IF THE NATURE OF THE RELATIONSHIP SUGGESTS THAT HIS OR HER PRESENCE MAY BE DETRIMENTAL TO THE DISCUSSION, HE OR SHE MUST EXIT THE MEETING. THE MEETING CHAIR MAKES THE FINAL DETERMINATION AS TO THE APPROPRIATE ACTION. FORM 990, PART VI, SECTION B, LINE 15 15A. THE SOCIETY ENGAGES AN INDEPENDENT COMPENSATION CONSULTANT ANNUALLY TO PERFORM A MARKET SALARY ANALYSIS FOR THE CEO/EXECUTIVE DIRECTOR POSITION. THIS INFORMATION IS SHARED WITH THE EXECUTIVE COMMITTEE WHICH DETERMINES THE NEW LEVEL OF COMPENSATION AND COMMUNICATES THE SALARY INFORMATION TO THE CEO/EXECUTIVE DIRECTOR AND TO THE VICE PRESIDENT OF FINANCE & ADMINISTRATION FOR IMPLEMENTATION. AN ADJUSTMENT IS MADE TO THE CEO/EXECUTIVE DIRECTOR'S SALARY ANNUALLY FOR A MERIT INCREASE, WHICH IS BASED ON A FORMAL PERFORMANCE EVALUATION. 15B. COMPENSATION - THE SOCIETY ENGAGES AN INDEPENDENT COMPENSATION CONSULTANT PERIODICALLY, USUALLY EVERY TWO OR THREE YEARS, TO PERFORM A MARKET SALARY ANALYSIS FOR STS POSITIONS. THE CONSULTANT MEETS WITH HUMAN RESOURCES TO ASCERTAIN INFORMATION RELEVANT TO EACH POSITION. THE CONSULTANT ALSO REVIEWS EACH OF THE POSITION DESCRIPTIONS, DETERMINES APPROPRIATE MATCHES FROM COMPENSATION MARKET SURVEYS, E.G., TOWERS WATSON, PRM, ASSOCIATION FORUM, AND ASAE, FOR COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS, AND COMPILES AND ANALYZES THIS MARKET DATA FOR EACH POSITION. THE CONSULTANT MEETS WITH THE CEO/EXECUTIVE DIRECTOR, VICE PRESIDENT OF FINANCE & ADMINISTRATION AND ASSOCIATE DIRECTOR OF HUMAN RESOURCES TO REVIEW THE COMPENSATION ANALYSIS, AND MAKES ADJUSTMENTS TO THE ANALYSIS, AS APPROPRIATE. UTILIZING THE CONSULTANT'S ANALYSIS, THE CEO/EXECUTIVE DIRECTOR MAKES SALARY ADJUSTMENTS. AN INDEPENDENT COMPENSATION CONSULTANT WAS UTILIZED AS PART OF THIS PROCESS IN 2021. ADJUSTMENTS ARE MADE TO SALARIES ANNUALLY FOR MERIT INCREASES, WHICH ARE BASED ON FORMAL PERFORMANCE EVALUATIONS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S BYLAWS AND KEY GOVERNANCE POLICIES ARE AVAILABLE TO THE PUBLIC ON THE STS WEBSITE. OTHER GOVERNING DOCUMENTS, AS WELL AS THE ORGANIZATION'S CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST TO THE ORGANIZATION. FORM 990, PART IX, LINE 11G CONSULTANT EXPENSES 1,098,800. TEMPORARY SERVICES FROM SALARIES 311,507. VOLUNTEER STIPENDS FROM SALARIES 295,000. PAYROLL AND HR FEES 321,109. DATA WAREHOUSING AND ANALYSIS 6,416,365. WEB-BASED EXPENSES 24,937. CTS NET FEES 20,220. MISCELLANEOUS 117,704. TVT EXPENSE 2,016,719. PRIOR PERIOD ADJUSTMENT: DURING THE 2022 YEAR END AUDIT, IT WAS DETERMINED THAT PREVIOUSLY PRESENTED ENDOWMENTS WERE NOT ACTUAL ENDOWMENTS. THE PRESENTATION ON SCHEDULE D, PART V, HAS BEEN UPDATED IN ACCORDANCE WITH THIS CHANGE. ADDITIONALLY, THE ACCOMPANYING FINANCIAL STATEMENTS FOR 2021 HAVE BEEN RESTATED TO PROPERLY PRESENT ACCUMULATED INVESTMENT EARNINGS AS BOARD-DESIGNATED RATHER THAN DONOR-RESTRICTED. THE PRESENTATION ON FORM 990, PART X, LINES 27 AND 28 HAVE BEEN UPDATED IN ACCORDANCE WITH THIS CHANGE. SOCIETY OF THORACIC SURGEONS POLITICAL ACTION COMMITTEE 20 F STREET NW SUITE 310C WASHINGTON DC 20001 522017375 POLITICAL ACTION COMMITTEE DC 527 0 THE THORACIC SURGERY FOUNDATION (TSF) 633 N ST CLAIR ST SUITE 2100 CHICAGO IL 60611 363635910 RESEARCH AND EDUCATION IL 501(C)(3) LINE 10 THE SOCIETY OF THORACIC SURGEONS 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 1 0 1 1 0 THE THORACIC SURGERY FOUNDATION L 302043 ACTUAL COST THE THORACIC SURGERY FOUNDATION B 710798 CASH PAID