FURP.ORG / PUBLIC DATA EXPLORER

CTSNET INC: Form 990, tax year 2018

View the entire original 990 at ProPublica ↗

Organization
CTSNET INC (EIN 36-4290294)
Tax period
2018-01-01 to 2018-12-31
Filed
2019-11-11
IRS object ID
201933159349301763
Schema version
2018v3.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2019-11-11T09:50:05-06:00ReturnTs
Tax Period End2018-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN521365413PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1KAHN BERMAN SOLOMON TAIBEL & MOGOL PABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line19515 DEERECO ROAD SUITE 801AddressLine1Txt
CityTIMONIUMCityNm
State AbbreviationMDStateAbbreviationCd
ZIP210932108ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2018-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN364290294EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CTSNET INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlCTSNBusinessNameControlTxt
Phone3122025848PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1633 N SAINT CLAIR STREET NO 2100AddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60611ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDOUGLAS E WOOD MDPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone3122025848PhoneNum
Signature2019-11-07SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDEANNA AMOSPreparerPersonNm
PTINP00028766PTIN
Phone4103080300PhoneNum

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address74.103.45.114IPv4AddressTxt
FieldValueIRS element (for citing)
IP2019-11-07IPDt
IP Tm16:03:34IPTm
IP TimezoneESIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdDA39A3EE5E6B4B0D3255BFEF95601890AFD80709AtSubmissionCreationDeviceId
At Submission Filing Device IdF9CCC6AC549F93C142799EBBD5CE1C48856F5039AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2018TaxYr
Build TS2020-01-14 16:20:31ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerGRAHAME RUSHPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1633 N SAINT CLAIR STREET NO 2100AddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60611ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$947,603GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressWWW.CTSNET.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1999FormationYr
Legal Domicile StateILLegalDomicileStateCd
Activity Or MissionTO CONNECT THE GLOBAL CARDIOTHORACIC COMMUNITY.ActivityOrMissionDesc
Voting Members Governing Body10VotingMembersGoverningBodyCnt
Voting Members Independent10VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers40TotalVolunteersCnt
Total Gross UBI$135,790TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$83,949NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$976,078PYProgramServiceRevenueAmt
CY Program Service Revenue$835,639CYProgramServiceRevenueAmt
PY Investment Income$30,497PYInvestmentIncomeAmt
CY Investment Income$64,426CYInvestmentIncomeAmt
PY Other Revenue$426PYOtherRevenueAmt
CY Other Revenue$300CYOtherRevenueAmt
PY Total Revenue$1,007,001PYTotalRevenueAmt
CY Total Revenue$900,365CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$515,739PYOtherExpensesAmt
CY Other Expenses$594,679CYOtherExpensesAmt
PY Total Expenses$515,739PYTotalExpensesAmt
CY Total Expenses$594,679CYTotalExpensesAmt
PY Revenues Less Expenses$491,262PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$305,686CYRevenuesLessExpensesAmt
Total Assets BOY$2,412,767TotalAssetsBOYAmt
Total Assets EOY$2,478,062TotalAssetsEOYAmt
Total Liabilities BOY$121,093TotalLiabilitiesBOYAmt
Total Liabilities EOY$41,000TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$2,291,674NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$2,437,062NetAssetsOrFundBalancesEOYAmt
MissionTO CONNECT THE GLOBAL CARDIOTHORACIC COMMUNITY.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
DescPROVIDES VALUABLE EDUCATIONAL AND PROFESSIONAL WEB-BASED RESOURCES FOR A COMMUNITY OF OVER 45,000 CARDIOTHORACIC SURGEONS AND ALLIED HEALTH PROFESSIONALS INVOLVED IN THE CARDIOTHORACIC SURGERY SPECIALTY.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
DescPROVIDES MEETING PRESENTATION AND EVENT-POSTING SERVICES FOR OVER 20 CARDIOTHORACIC SURGERY PROFESSIONAL ORGANIZATIONS. WEBSITE INCLUDES SECTIONS ON EXPERT TECHNIQUES, SURGICAL VIDEOS, SURGEON PROFILES, MEDICAL JOURNALS, RESIDENT-FOCUSED CONTENT, AND SPECIALTY-RELATED EVENTS.Desc
FieldValueIRS element (for citing)
Described In Section501c30DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document2IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members10GoverningBodyVotingMembersCnt
Independent Voting Member10IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesYes (1)DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (1)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy0ConflictOfInterestPolicyInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldILStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1GRAHAME RUSHBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3122025848PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1633 N SAINT CLAIR STREET STE 2100AddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60611ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (13 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
DOUGLAS E WOOD MD
PRESIDENT5.00Yes (X)Yes (X)$0$0$0
DUKE E CAMERON MD
SECRETARY3.00Yes (X)Yes (X)$0$0$0
DOMENICO PAGANO MD
TREASURER3.00Yes (X)Yes (X)$0$0$0
PAVAN ATLURI MD
DIRECTOR1.00Yes (X)$0$0$0
DAVID T COOKE MD
DIRECTOR1.00Yes (X)$0$0$0
JOSEPH F SABIK III MD
DIRECTOR1.00Yes (X)$0$0$0
J RAFAEL SADABA MD
DIRECTOR1.00Yes (X)$0$0$0
MORITZ C WYLER VON BALLMOOS MD
DIRECTOR1.00Yes (X)$0$0$0
W RANDOLPH CHITWOOD JR MD
DIRECTOR1.00Yes (X)$0$0$0
BASEL RAMLAWI MD
DIRECTOR1.00Yes (X)$0$0$0
JUAN A SANCHEZ MD
DIRECTOR1.00Yes (X)$0$0$0
BRYAN F MEYERS MD
DIRECTOR1.00Yes (X)$0$0$0
GRAHAME RUSH
EXECUTIVE DIRECTOR9.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE SOCIETY OF THORACIC SURGEONSBusinessNameLine1Txt

Contractor Address ContractorAddress

US Address USAddress

FieldValueIRS element (for citing)
Address Line1633 N SAINT CLAIR ST FLOOR 21AddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60611ZIPCd
FieldValueIRS element (for citing)
ServicesMANAGEMENTServicesDesc
Compensation$395,000CompensationAmt
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K1CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmt
WEB RESOURCES900099$347,572$347,572
ADVERTISING900099$169,330$33,540$135,790
INDUSTRY SUPPORT900099$137,021$137,021
ORGANIZATION SUPPORT900099$101,913$101,913
EDUCATION900099$63,698$63,698

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

FieldValueIRS element (for citing)
Total Revenue Column$16,105TotalRevenueColumnAmt
Related Or Exempt Func Income$16,105RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$835,639TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$49,647TotalRevenueColumnAmt
Exclusion$49,647ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$62,017SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$47,238SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$14,779SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$14,779TotalRevenueColumnAmt
Exclusion$14,779ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescMISCELLANEOUSDesc
Business900099BusinessCd
Total Revenue Column$300TotalRevenueColumnAmt
Exclusion$300ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$300OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$900,365TotalRevenueColumnAmt
Related Or Exempt Func Income$699,849RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$135,790UnrelatedBusinessRevenueAmt
Exclusion$64,726ExclusionAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$395,000TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$2,100TotalAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$12,350TotalAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$38,978TotalAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$5,078TotalAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$18,806TotalAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$24,515TotalAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$7,647TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$16,291TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$34,751TotalAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$4,480TotalAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmt
UNRELATED BUSINESS INCO$26,572
CAREER FAIR EXPENSES$8,101
MISCELLANEOUS$10

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$594,679TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$969,134BOYAmt
EOY$733,109EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$177,856BOYAmt
EOY$100,194EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$3,000BOYAmt
EOY$10,600EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$237,533LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$159,817LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$98,112BOYAmt
EOY$77,716EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$1,164,665BOYAmt
EOY$1,556,443EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$2,412,767BOYAmt
EOY$2,478,062EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$19,659BOYAmt
EOY$1,012EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$101,434BOYAmt
EOY$39,988EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$121,093BOYAmt
EOY$41,000EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY$2,291,674BOYAmt
EOY$2,437,062EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,291,674BOYAmt
EOY$2,437,062EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,412,767BOYAmt
EOY$2,478,062EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$305,686ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$160,298NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS Audited0FSAuditedInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$237,533OtherCostOrOtherBasisAmt
Depreciation$159,817DepreciationAmt
Book Value$77,716BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$77,716TotalBookValueLandBuildingsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 3CTSNET IS MANAGED BY THE SOCIETY OF THORACIC SURGEONS (STS). CTSNET MAINTAINS ITS OFFICES AT STS'S HEADQUARTERS AT 633 N. SAINT CLAIR STREET, STE 2100, CHICAGO, IL 60611. CTSNET AND STS HAVE A CONTRACT THAT DEFINES THE RESPONSIBILITIES OF THE MANAGEMENT FIRM. A MANAGEMENT FEE IS NEGOTIATED THAT COVERS THE COST OF THE CTSNET EXECUTIVE DIRECTOR, SUPPORT STAFF, OFFICE EQUIPMENT AND OFFICE SPACE.
FORM 990, PART VI, SECTION A, LINE 6CTSNET IS COMPRISED OF IT'S THREE FOUNDING MEMBERS: SOCIETY OF THORACIC SURGEONS (STS), AMERICAN ASSOCIATION FOR THORACIC SURGERY (AATS), AND EUROPEAN ASSOCIATION FOR CARDIO-THORACIC SURGERY (EACTS). IN ADDITION, CTSNET HAS PARTICIPATION AGREEMENTS IN PLACE WITH OVER 20 CARDIOTHORACIC SURGERY PROFESSIONAL ORGANIZATIONS.
FORM 990, PART VI, SECTION A, LINE 7ATHE BOARD OF DIRECTORS IS COMPRISED OF TEN DIRECTORS WHICH ARE APPOINTED BY THE MEMBERS, FOUR BY STS AND THREE EACH BY AATS AND EACTS. EACH DIRECTOR SHALL BE APPOINTED FOR A TWO YEAR TERM AND UNTIL HIS OR HER SUCCESSOR HAS BEEN APPOINTED AND QUALIFIED. THE OFFICERS (PRESIDENT, SECRETARY AND TREASURER) ARE ELECTED BY AND FROM THE BOARD OF DIRECTORS. ONE REPRESENTATIVE FROM EACH MEMBER WILL SERVE THE OFFICES OF PRESIDENT, SECRETARY AND TREASURER AT ALL TIMES, EXCEPT DURING PERIODS OF ANY UNFILLED VACANCIES.
FORM 990, PART VI, SECTION A, LINE 7BTHE GOVERNING BODY IS ENTIRELY MADE UP OF REPRESENTATIVES FROM EACH OF THE THREE MEMBERS.
FORM 990, PART VI, SECTION B, LINE 11BAN ELECTRONIC COPY OF FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS VIA EMAIL.
FORM 990, PART VI, SECTION C, LINE 19THE FINANCIAL STATEMENTS ARE PUT ON ORGANIZATION'S WEBSITE. THE ORGANIZATION'S GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.