2021-10-06T17:26:50-05:00 2020-12-31 381357951 PLANTE & MORAN PLLC 10 S RIVERSIDE PLAZA 9TH FLOOR CHICAGO IL 60606 990 2020-01-01 363635910 THE THORACIC SURGERY FOUNDATION THOR 3122025815 633 N ST CLAIR SUITE 2100 CHICAGO IL 60611 VIRGINIA R LITLE MD TREASURER 3122025815 2021-09-20 1 VIRGINIA LITLE MD 999009999 DAVID LOWENTHAL P00378651 3122071040 2021-09-20 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z VIRGINIA R LITLE MD 633 N ST CLAIR SUITE 2100 CHICAGO IL 60611 2071997 0 X WWW.THORACICSURGERYFOUNDATION.ORG X 1988 IL THE MISSION OF TSF IS TO FOSTER THE DEVELOPMENT OF SURGEON SCIENTISTS IN CARDIOTHORACIC SURGERY; INCREASING KNOWLEDGE AND INNOVATION TO BENEFIT PATIENT CARE. 12 12 0 85 0 0 1749179 1347926 0 0 146957 52285 0 0 1896136 1400211 1130641 1047500 0 0 0 0 0 0 16595 144350 60720 1274991 1108220 621145 291991 4803180 5251287 468059 382167 4335121 4869120 X THE MISSION OF TSF IS TO FOSTER THE DEVELOPMENT OF SURGEON SCIENTISTS IN CARDIOTHORACIC SURGERY; INCREASING KNOWLEDGE AND INNOVATION TO BENEFIT PATIENT CARE. 0 0 1041153 1047500 DURING THE YEAR, TSF AWARDED A TOTAL OF 29 AWARDS CONSISTING OF 10 EVERY HEARTBEAT MATTERS AWARDS (SUPPORT FOR PROGRAMS THAT EDUCATE, SCREEN AND/OR TREAT UNDERSERVED POPULATIONS TO REDUCE THE GLOBAL BURDEN OF HEART VALVE DISEASE, OR TO SUPPORT OTHER PROGRAMS THAT ADVANCE HEALTH CARE AND ADDRESS UNDERSERVED POPULATIONS), 2 CAROLYN REED TRAVELING FELLOWSHIP AWARDS (SUPPORT OF A CLINICALLY-ESTABLISHED WOMAN THORACIC OR CARDIAC SURGEON, OR A WOMAN RESIDENT IN HER LAST YEAR OF CARDIOTHORACIC SURGERY RESIDENCY, TO TRAVEL TO ANOTHER INSTITUTION FOR THE PURPOSE OF LEARNING A NEW SKILL OR TECHNOLOGY), 7 RESEARCH AWARDS (OPERATIONAL SUPPORT OF ORIGINAL RESEARCH EFFORTS BY CARDIOTHORACIC SURGEONS WHO HAVE COMPLETED THEIR FORMAL TRAINING, AND WHO ARE SEEKING INITIAL SUPPORT AND RECOGNITION FOR THE RESEARCH PROGRAM), 2 BRAUNWALD AWARDS (SUPPORTS A WOMAN SURGEON AND WOMAN RESIDENT WORKING IN CARDIAC SURGICAL CLINIC OR LABORATORY RESEARCH PROGRAM), 1 STSA RESEARCH AWARD (SUPPORT OF ORIGINAL RESEARCH EFFORTS BY CARDIOTHORACIC SURGEONS WHO HAVE COMPLETED THEIR FORMAL TRAINING AND WHO ARE SEEKING INITIAL SUPPORT AND RECOGNITION FOR THEIR RESEARCH PROGRAM), 1 LEVI WATKINS AWARD (SUPPORTS TRAVEL TO A CENTER OF EXCELLENCE TO ACQUIRE ADDITIONAL CLINICAL, TRANSLATIONAL OR LEADERSHIP TRAINING TO ENHANCE SKILLS AND PRACTICE IN AN AREA OF INNOVATION OR SURGICAL SIGNIFICANCE FOR A CARDIOTHORACIC SURGEON), 2 REPLOGLE AWARDS (SUPPORT CONTINUING EDUCATION OF SURGEON OR RESIDENT COMMITTED TO THE TREATMENT OF CONGENITAL HEART DISEASE IN NEONATES, INFANTS, CHILDREN AND ADULTS), 1 SARNS TERUMO PERFUSION FELLOWSHIP AWARD (SUPPORT CONTINUING EDUCATION OF A BOARD CERTIFIED PERFUSIONIST COMMITTED TO EXPAND CARDIOVASCULAR PERFUSION EDUCATION), 1 STS RESEARCH AWARD (SUPPORT OF ORIGINAL RESEARCH EFFORTS BY CARDIOTHORACIC SURGEONS WHO HAVE COMPLETED THEIR FORMAL TRAINING AND WHO ARE SEEKING INITIAL SUPPORT AND RECOGNITION FOR THEIR RESEARCH PROGRAM), 1 ALA/TSF LUNG CANCER AWARD (SUPPORT TO CONDUCT RESEARCH RELATED TO LUNG CANCER) AND 1 STS/EACTS AWARD (ISSUED TO THE WINNER OF THE BEST ABSTRACT PRESENTED DURING THE "EACTS @ STS SESSION" AT THE STS ANNUAL MEETING. 1041153 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 1 0 0 1 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 9 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 1 1 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 IL X KEITH BURA 3122025815 633 N ST CLAIR SUITE 2100 CHICAGO IL 60611 X PRISCILLA KENNEDY EXECUTIVE DIRECTOR 40.00 0.00 X 101937 0 19885 JOSEPH A DEARANI MD DIRECTOR 4.00 0.00 X 0 8000 0 JOSEPH F SABIK III MD DIRECTOR 4.00 0.00 X 0 5500 0 THOMAS E MACGILLIVRAY MD DIRECTOR 4.00 0.00 X 0 1000 0 JOSEPH E BAVARIA MD PRESIDENT 12.00 0.00 X X 0 0 0 KEITH S NAUNHEIM MD VICE PRESIDENT 12.00 0.00 X X 0 0 0 SHANDA H BLACKMON MD SECRETARY 12.00 0.00 X X 0 0 0 VIRGINIA R LITLE MD TREASURER 12.00 0.00 X X 0 0 0 ANTHONY ESTRERA MD DIRECTOR 4.00 0.00 X 0 0 0 ROBERT HIGGINS MD DIRECTOR (THRU 1/20) 4.00 0.00 X 0 0 0 LAUREN C KANE MD DIRECTOR 4.00 0.00 X 0 0 0 JENNIFER S LAWTON MD DIRECTOR 4.00 0.00 X 0 0 0 SCOTT A LEMAIRE MD DIRECTOR 4.00 0.00 X 0 0 0 VINOD THOURANI MD DIRECTOR 4.00 0.00 X 0 0 0 DOUGLAS WOOD MD DIRECTOR (THRU 1/20) 4.00 0.00 X 0 0 0 101937 14500 19885 1 0 0 0 0 818231 529695 13957 1347926 71717 71717 652354 671786 -19432 -19432 -19432 1400211 0 0 52285 257000 257000 732500 732500 58000 58000 527 527 14000 14000 16028 16028 17668 690 6013 10965 1746 576 594 576 9727 4673 5054 MISCELLANEOUS 15586 2699 12887 BAD DEBT EXPENSE -4250 -4250 RETURNED GRANTS -10312 -10312 1108220 1041153 50472 16595 1920071 1284011 47421 74485 410235 838285 7494 7677 2417959 3046829 4803180 5251287 99309 33417 368750 348750 468059 382167 X 1977014 2645504 2358107 2223616 4335121 4869120 4803180 5251287 291991 242008 0 X 0 1 X 1 0 X 1517967 1465128 1466804 1749179 1347926 7547004 1517967 1465128 1466804 1749179 1347926 7547004 647809 623527 725507 642647 883239 3522729 0 647809 623527 725507 642647 883239 3522729 4024275 51122 56960 62549 71482 71717 313830 51122 56960 62549 71482 71717 313830 1569089 1522088 1529353 1820661 1419643 7860834 0.51190 0.54290 0.03990 0.03960 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1612218 38984 161661 126688 1686175 1439946 35134 313638 176500 1612218 1533571 288474 -144599 237500 1439946 1330943 193237 214391 205000 1533571 973645 335425 116123 94250 1330943 1.00000 0 0 0 1910191 242008 284000 526008 1384183 16028 16028 1400211 1376192 284000 284000 1092192 16028 16028 1108220 1 SOUTH ASIA - INDIA 0 0 GRANT MAKING SUPPORT FOR QUALIFIED SURGEONS TO CONDUCT CHARITABLE OUTREACH TO UNDERSERVED REGIONS AND POPULATIONS. 29000 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 GRANT MAKING SUPPORT FOR QUALIFIED SURGEONS TO CONDUCT CHARITABLE OUTREACH TO UNDERSERVED REGIONS AND POPULATIONS. 29000 0 0 0 0 0 0 58000 0 58000 SUPPORT FOR QUALIFIED SURGEONS TO CONDUCT CHARITABLE OUTREACH TO UNDERSERVED REGIONS AND POPULATIONS. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS 1 29000 CASH PAYMENT SUPPORT FOR QUALIFIED SURGEONS TO CONDUCT CHARITABLE OUTREACH TO UNDERSERVED REGIONS AND POPULATIONS. NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 1 29000 CASH PAYMENT 0 0 0 0 0 0 PART I, LINE 2: EACH TSF GRANT PROJECT IS THOROUGHLY EVALUATED AND SCORED BY THREE TSF RESEARCH COMMITTEE REVIEWERS. THE RESEARCH REVIEWERS HAVE BEEN APPOINTED BY THE TSF PRESIDENT AND APPROVED BY THE TSF BOARD OF DIRECTORS, AND SPECIALIZE IN THORACIC SURGERY. THE GRANT APPLICANT IS REQUIRED TO SUBMIT HIS/HER APPLICATION INCLUDING CV, HIS/HER MENTOR'S CV, RESEARCH DESCRIPTION, PHOTO, AND THREE LETTERS OF RECOMMENDATION FROM THE APPLICANT'S SUPERIOR AT THE INSTITUTION OF WHICH THEY ARE APPLYING THE RESEARCH. THE LETTERS OF RECOMMENDATION MUST COME FROM DEPARTMENT CHAIRS, PROGRAM DIRECTORS, OR SPONSORS AT THE INSTITUTION IN WHICH THE RESEARCH OCCURS. THE APPLICANT'S SPONSOR'S CV IS ALSO EVALUATED. EACH SUBSEQUENT GRANT PAYMENT IS ISSUED AFTER THE APPLICANT SUBMITS A VALID PROGRESS REPORT, AND AFTER THE INSTITUTION SUPPLIES A SIGNED FINANCIAL PROGRESS REPORT VALIDATING THE EXPENSES. PART III ACCOUNTING METHOD: 1 VOOM FOUNDATION 130 W SUPERIOR STREET SUITE 926 DULUTH MN 55802 582678884 501(C)(3) 64000 EVERY HEART BEAT MATTERS JOHNS HOSPKINS UNIVERSITY UNIVERSITY LOCKBOX C/O BANK OF AMERICA 12529 COLLECTIONS CENTER DR CHICAGO IL 60693 520595110 501(C)(3) 35000 EVERY HEART BEAT MATTERS JOYCE FAMILIY FOUNDATION 12037 W BONNIWELL ROAD MEQUON WI 53097 411797421 501(C)(3) 35000 EVERY HEART BEAT MATTERS DUKE UNIVERISTY MEDICAL CENTER ACCOUNTS RECEIVABLE LOCKBOX PO BOX 602651 CHARLOTTE NC 282602651 560532129 501(C)(3) 30000 EVERY HEART BEAT MATTERS UPMC PINNACLE FOUNDATION 409 S 2ND STREET SUITE 2A HARRISBURG PA 17104 222691718 501(C)(3) 29000 EVERY HEART BEAT MATTERS UNIVERSITY OF COLORADO GRANTS AND CONTRACTS PO BOX 910238 DENVER CO 80291 846049811 501(C)(3) 35000 EVERY HEART BEAT MATTERS BAPTIST HEALTH RESEARCH INSTITUTE 836 PRIDENTIAL DRIVE APVILLION SUITE 620 JACKSONVILLE FL 32207 592487136 501(C)(3) 29000 EVERY HEART BEAT MATTERS 7 0 STS/EACTS AWARD 1 2500 CAROLYN REED TRAVELING FELLOWSHIP 2 17000 LEVI WATKINS FELLOWSHIPS 1 5000 REPLOGLE FELLOWSHIPS 2 20000 SARNS TERUMO PERFUSION EDUCATION FELLOWSHIP AWARD 1 10000 TSF RESEARCH 7 380000 BRAUNWALD RESEARCH AWARD 2 90000 STSA RESEARCH AWARD 1 48000 ALA/TSF LUNG CANCER AWARD 1 80000 STS RESEARCH GRANT 1 80000 PART I, LINE 2: EACH TSF GRANT PROJECT IS THOROUGHLY EVALUATED AND SCORED BY THREE TSF RESEARCH COMMITTEE REVIEWERS. THE RESEARCH REVIEWERS HAVE BEEN APPOINTED BY THE TSF PRESIDENT AND APPROVED BY THE TSF BOARD OF DIRECTORS, AND SPECIALIZE IN THORACIC SURGERY. THE GRANT APPLICANT IS REQUIRED TO SUBMIT HIS/HER APPLICATION INCLUDING CV, HIS/HER MENTOR'S CV, RESEARCH DESCRIPTION, PHOTO, AND THREE LETTERS OF RECOMMENDATION FROM THE APPLICANT'S SUPERIOR AT THE INSTITUTION OF WHICH THEY ARE APPLYING THE RESEARCH. THE LETTERS OF RECOMMENDATION MUST COME FROM DEPARTMENT CHAIRS, PROGRAM DIRECTORS, OR SPONSORS AT THE INSTITUTION IN WHICH THE RESEARCH OCCURS. THE APPLICANT'S SPONSOR'S CV IS ALSO EVALUATED. EACH SUBSEQUENT GRANT PAYMENT IS ISSUED AFTER THE APPLICANT SUBMITS A VALID PROGRESS REPORT, AND AFTER THE INSTITUTION SUPPLIES A SIGNED FINANCIAL PROGRESS REPORT VALIDATING THE EXPENSES. FORM 990, PART VI, SECTION A, LINE 3 THE SOCIETY OF THORACIC SURGEONS (STS) OF CHICAGO, ILLINOIS, MAINTAINS THE BOOKS AND RECORDS OF THE ORGANIZATION AND PERFORMS OTHER RELATED MANAGERIAL AND ADMINISTRATIVE FUNCTIONS FOR WHICH IT IS COMPENSATED. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION AMENDED ITS BYLAWS DURING 2020. THE FOLLOWING ITEMS WERE REVISED: ARTICLE V- SECTION 3: DIRECTOR TERMS LAST 3 YEARS; HOWEVER IF THERE IS NO STS ANNUAL MEETING IN A PARTICULAR YEAR THEN TERMS WILL LAST UNTIL A SUCCESSOR IS APPOINTED, WITH THE TERMS OF APPOINTED SUCCESSORS STARTING AT A TIME DETERMINED BY STS. ARTICLE-V- SECTION 9: THE DENOMINATOR OF A BOARD QUORUM IS THE NUMBER OF DIRECTORS ACTUALLY IN OFFICE AT A PARTICULAR TIME. ARTICLE VI- SECTION 2: UPDATED DOCUMENTATION RELATED TO THE STAGGERING OF OFFICER TERMS. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY THE ADMINISTRATIVE STAFF OF THE MANAGEMENT COMPANY (STS) AND IS THEN PROVIDED TO THE TREASURER, AND THEN GOVERNING BODY, FOR FINAL REVIEW BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C TSF HAS A FORMAL CONFLICT OF INTEREST POLICY. ALL BOARD AND COMMITTEE MEMBERS ARE REQUIRED TO SIGN THE POLICY AND DISCLOSE CONFLICTS ANNUALLY. THE SIGNED POLICY AND DISCLOSURES ARE SENT TO TSF ADMINISTRATION. THEY ARE RECORDED AND MONITORED PERIODICALLY THROUGHOUT THE YEAR. IF THERE IS A CONFLICT, IT IS BROUGHT TO THE ATTENTION OF THE BOARD PRESIDENT FOR FURTHER ACTION. THE BOARD PRESIDENT READS A DISCLOSURE STATEMENT AT THE BEGINNING OF EACH BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE EXECUTIVE DIRECTOR IS DETERMINED BY A RELATED ORGANIZATION, THE SOCIETY OF THORACIC SURGEONS OF CHICAGO. THE RELATED ORGANIZATION UTILIZES AN INDEPENDENT COMPENSATION CONSULTANT, AND COMPENSATION SURVEYS OR STUDIES, TO DETERMINE COMPENSATION OF THE EXECUTIVE DIRECTOR OF TSF. FORM 990, PART VI, SECTION C, LINE 18 FORM 990 IS AVAILABLE TO THE PUBLIC UPON REQUEST AT THE ADMINISTRATIVE OFFICES OF THE ORGANIZATION'S MANAGEMENT COMPANY (STS), AND ON THE FOUNDATION'S WEBSITE. FORM 990, PART VI, SECTION C, LINE 19 THE CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST AT THE ADMINISTRATIVE OFFICES OF THE ORGANIZATION'S MANAGEMENT COMPANY. FORM 990, PART VII, SECTION A - COMPENSATION: COMPENSATION REPORTED FOR PRISCILLA S. KENNEDY, TSF EXECUTIVE DIRECTOR, IS PAID BY A RELATED ORGANIZATION AND COMMON PAYMASTER, THE SOCIETY OF THORACIC SURGEONS (STS) EIN 36-3022713. SINCE ALL SERVICES PERFORMED BY THESE INDIVIDUALS WERE FOR THE THORACIC SURGERY FOUNDATION, THE COMPENSATION HAS BEEN REPORTED IN COLUMN D AS IF PAID BY THE FILING ORGANIZATION. STS HAS COMPLIED WITH PAYROLL FILING REQUIREMENTS. THE SOCIETY OF THORACIC SURGEONS 633 N SAINT CLAIR ST CHICAGO IL 60611 363022713 TO ENHANCE THE ABILITY OF CARDIOTHORACIC SURGEONS. IL 501(C)(6) 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 THE SOCIETY OF THORACIC SURGEONS C 818231 CASH PAID