2017-11-10T15:28:26-06:00 2016-12-31 381357951 PLANTE & MORAN PLLC 10 S Riverside Plaza 9th Floor Chicago IL 60606 990 2016-01-01 363022713 THE SOCIETY OF THORACIC SURGEONS SOCI 3122025800 633 N SAINT CLAIR ST STE 2320 CHICAGO IL 60611 ROBERT A WYNBRANDT EXECUTIVE DIR & GENERAL COUNSEL 3122025800 2017-11-09 1 Kimberly A Haumann P00546491 3122071040 2017-11-09 67.59.56.31 2017-11-09 09:21:33 CS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 4F551198EC90A92CA2ED3AE42C89D47A164E6F16 2016 2017-02-10 21:41:12Z ROBERT A WYNBRANDT 633 N SAINT CLAIR ST STE 2320 CHICAGO IL 60611 33521455 0 X www.sts.org X 1971 IL TO ENHANCE THE ABILITY OF CARDIOTHORACIC SURGEONS TO PROVIDE THE HIGHEST QUALITY PATIENT CARE THROUGH EDUCATION, RESEARCH, AND ADVOCACY. 18 18 69 360 979633 27903 992045 1250777 16858888 17791055 1452142 -200400 2558070 2205808 21861145 21047240 652505 704229 0 0 7183110 7909422 0 0 0 10427751 10872828 18263366 19486479 3597779 1560761 45940878 52624928 10949775 11748594 34991103 40876334 TO ENHANCE THE ABILITY OF CARDIOTHORACIC SURGEONS TO PROVIDE THE HIGHEST QUALITY PATIENT CARE THROUGH EDUCATION, RESEARCH, AND ADVOCACY. 0 0 EDUCATION - PROVIDE EDUCATIONAL ACTIVITIES AND PUBLISH A JOURNAL REGARDING MEDICAL AND SCIENTIFIC INFORMATION TO OVER 7,400 MEMBERS. HEALTH POLICY - EDUCATE OVER 7,400 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 1 1 1 0 0 0 1 0 1 0 0 1 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 46 0 1 69 1 1 1 0 0 0 1 1 0 X 18 18 0 0 0 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 23RD FLOOR CHICAGO IL 60611 Joseph E Bavaria President 12.00 0.00 X X 8000 0 0 Richard L Prager First Vice President 12.00 0.00 X X 1000 0 0 Keith S Naunheim Second Vice President & Secretary 12.00 4.00 X X 6500 0 0 Joseph F Sabik III Secretary-Elect 12.00 4.00 X X 1000 0 0 Robert SD Higgins Treasurer 3.00 4.00 X X 1000 0 0 Thomas E MacGillivary Treasurer-Elect 2.00 0.00 X X 1000 0 0 Mark S Allen Immediate Past President* 2.00 4.00 X 0 0 0 David L Fullerton Immediate Past President* * 2.00 4.00 X 0 0 0 Damien J LaPar Resident Director 2.00 0.00 X 0 0 0 Haiquan Chen International Director 2.00 0.00 X 0 0 0 Pieter A Kappetein International Director 2.00 0.00 X 0 0 0 Sean C Grodin Canadian Director 2.00 0.00 X 0 0 0 Tony Coelho Public Director 2.00 0.00 X 0 0 0 Shanda H Blackmon Director-at-Large 2.00 4.00 X 0 0 0 Joseph C Cleveland Jr Director-at-Large 2.00 0.00 X 0 0 0 Joseph A Dearnai Director-at-Large 2.00 0.00 X 0 0 0 Bryan F Meyers Director-at-Large 2.00 0.00 X 0 0 0 Vinod H Thourani Director-at-Large 2.00 0.00 X 0 0 0 Cameron D Wright Director-at-Large 2.00 0.00 X 0 0 0 Robert A Wynbrandt Executive Director General Council 60.00 0.00 X 758866 0 47873 Keith J Bura Director - Finance 40.00 0.00 X 212719 0 21660 William Seward Associate Executive Director 60.00 0.00 X 325614 0 38237 Robert Habib Director - Research Center 40.00 0.00 X 283400 0 28126 Avidan Stern Associate General Council 40.00 0.00 X 212000 0 28197 Grahame Rush Director - Information Services 40.00 0.00 X 210293 0 38470 Damon Marquis Director - Education & Member Services 40.00 0.00 X 196715 0 20961 Courtney Yohe Director - Government Relations 40.00 0.00 X 180265 0 11743 Natalie Boden Director - Marketing & Communications 40.00 0.00 X 178642 0 36996 Donna McDonald Director - Quality 40.00 0.00 X 169661 0 10623 Luis Vargas Senior Research Manager 40.00 0.00 X 148653 0 11172 Colleen Donohoe Director - Meetings & Conventions 40.00 0.00 X 142257 0 17860 George Bohn Controller 50.00 0.00 X 141197 0 26590 Beth Winer Director - Affiliate Manager 40.00 0.00 X 124583 0 16596 Theresa Lopez HR Manager 40.00 0.00 X 114024 0 25403 3417389 0 380507 21 0 1 0 Duke University PO Box 17969 Durham NC 27715 Data Warehousing 2204407 Telligen 1776 W Parkway West Des Moines IA 50266 Data Auditing Consultant 590971 Freeman Audio Visual Inc PO Box 660613 Dallas TX 75266 Audio Visual Service 435979 AventuraA Premier Catering Company 100 North Third Street Phoenix AZ 85004 Catering Service 315683 DM Premier Services 650 W Bough Lane Houston TX 77024 Event Management Company 247929 19 521723 729054 1250777 NATIONAL DATABASE 611710 7014710 7014710 EDUCATIONAL MEETINGS 611710 3881103 3843427 37676 MEMBERSHIP DUES 611710 2803533 2803533 TVT REGISTRY 611710 1787738 1787738 PUBLICATIONS & SUBSCRIPTIONS 611710 1263538 1263538 1040433 143809 896624 17791055 1106346 76 1106270 2088863 2088863 71688 0 71688 71688 71688 11167260 12474006 -1306746 -1306746 -1306746 466 209 257 257 A.M. PROGRAM & ABSTRACT BOOKS 900004 45000 45000 45000 21047240 16856755 979633 1960075 X 632252 71977 3796899 3041731 109198 554137 407457 85849 46195 121624 5170945 1452879 134704 484529 529274 2246390 429209 53818 MEMBERSHIP FEES 63924 53488 19486479 3132413 3005889 2310914 2829360 1391192 1415286 724240 717849 6394716 4289550 2101573 2105166 34538782 38972304 1732501 3501351 9263 77723 45940878 52624928 4245855 4942256 6703920 6806338 10949775 11748594 X 34608781 40493473 382322 382861 34991103 40876334 45940878 52624928 1560761 4324470 0 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 1 2431623 442828 -1309327 -866499 437692 -1304191 407576 0 9076 9922 406730 449645 0 -29722 12347 407576 1.00000 0 0 1508824 1245660 263164 103580 86099 17481 4782312 2957791 1824521 2105166 HEDGE FUND INVESTMENTS 3501351 C 3501351 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, 2016, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the financial statements, subject to the results of the IRS audit discussed immediately below. The Society is subject to routine audits by taxing jurisdictions. The IRS is in the process of examining STS 2011, 2012, and 2013 Forms 990 and 990-T. As of April 17, 2017, the examination is undergoing IRS administrative review. Management does not expect to make any adjustments. In addition, management believes it is no longer subject to income tax examinations related to STS for years prior to 2010. FORM 990, PART IV, LINE 11F On August 11, 2015, the Society's received IRS Form 886A ("Revenue Agent Report") related to the IRS audit of STS Forms 990 and 990-T for 2011, 2012 and 2013, in which the IRS Revenue Agent responsible for the audit concluded that royalty revenue received by the Society in connection with The Annals of Thoracic Surgery was taxable income. The Society strongly disagrees with this conclusion, and therefore filed a letter of protest and request for appeal with the IRS on September 8, 2015. That appeal is now pending and a request for a "technical advice memorandum" is pending with the irs associate chief counsel's office. East Asia and the Pacific ASCVTS Meeting Meeting Participation 10205 Europe (Including Iceland & Greenland) EACTS Meeting Meeting Participation 27242 Europe (Including Iceland & Greenland) ESTS Meeting Meeting Participation 19794 Central America and the Caribbean INVESTMENT 3300000 0 0 0 0 0 0 3357241 0 3357241 1 0 1 0 0 0 Part I, line 3: FAIR VALUE 1 Campaign for Tobacco Free Kids 1400 I Street NW 1200 Washington DC 20005 521969967 501(C)(3) 10000 Donation The Thoracic Surgery Foundation 633 N Saint Clair Street Chicago IL 60601 363635910 501(C)(3) 593000 Operations & Grant support Women in Thoracic Surgery 633 N Saint Clair Street Chicago IL 60601 300003353 501(C)(3) 15000 SCHOLARSHIP support 3 0 LTTF- TRAVEL AND LODGING EXPENSE REIMBURSEMENT FOR LOOKING TO THE FUTURE SCHOLARSHIPS 60 71977 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 0 0 Robert A Wynbrandt Executive Director General Council 586240 0 82626 0 90000 0 14750 0 33123 0 806739 0 0 0 Keith J Bura Director - Finance 194054 0 17225 0 1440 0 10128 0 11532 0 234379 0 0 0 William Seward Associate Executive Director 294342 0 31272 0 0 0 10248 0 27989 0 363851 0 0 0 Robert Habib Director - Research Center 281960 0 0 0 1440 0 5376 0 22750 0 311526 0 0 0 Avidan Stern Associate General Council 211760 0 0 0 240 0 0 0 28197 0 240197 0 0 0 Grahame Rush Director - Information Services 190625 0 19308 0 360 0 10716 0 27754 0 248763 0 0 0 Damon Marquis Director - Education & Member Servic 177021 0 18254 0 1440 0 8701 0 12260 0 217676 0 0 0 Courtney Yohe Director - Government Relations 162647 0 17618 0 0 0 9089 0 2654 0 192008 0 0 0 Natalie Boden Director - Marketing & Communication 161783 0 16859 0 0 0 9267 0 27729 0 215638 0 0 0 Donna McDonald Director - Quality 158297 0 10524 0 840 0 8080 0 2543 0 180284 0 0 0 Luis Vargas Senior Research Manager 138873 0 9780 0 0 0 0 0 11172 0 159825 0 0 0 Colleen Donohoe Director - Meetings & Conventions 127663 0 13154 0 1440 0 6923 0 10937 0 160117 0 0 0 George Bohn Controller 130950 0 10247 0 0 0 6383 0 20207 0 167787 0 0 0 Form 990, Part VI, Section A, line 6 THE ORGANIZATION IS A MEMBERSHIP SOCIETY AND HAS OVER 7,400 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 or senior corporate officers. Finally, the organization's senior officers met with management and discussed the return prior to filing. 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 periodically, usually every two or three years, to perform a market salary analysis for the Executive Director & General Counsel position. This information is shared with the Executive Committee which determines the new level of compensation and communicates the salary information to the Executive Director & general counsel and to the Director of Finance & Administration for implementation. AN INDEPENDENT COMPENSATION CONSULTANT WAS UTILIZED AS A PART OF THIS PROCESS IN 2016. An adjustment is made to the executive director & general counsel'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 the Executive Director & General Counsel and each staff director 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 Executive Director & General Counsel and THE Director of Finance & Administration to review the compensation analysis, and makes adjustments to the analysis, as appropriate, based on additional data provided by the Executive Director & General Counsel and Director of Finance & Administration. Utilizing the consultant's analysis, the Executive Director & General Counsel makes salary adjustments and communicates new salaries in writing to other key employees of the organization. AN INDEPENDENT COMPENSATION CONSULTANT WAS UTILIZED AS PART OF THIS PROCESS IN 2015. 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 1,135,198. TEMP. SERVICES 121,976. VOLUNTEER STIPENDS 200,000. PAYROLL AND HR FEES 91,622. DATA AUDITING 562,185. DATA WAREHOUSING AND ANALYSIS 3,029,827. OTHER MISCELLANEOUS 30,137. 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 23RD FL CHICAGO IL 60611 363635910 RESEARCH AND EDUCATION IL 501(c)(3) Line 10 SOCIETY OF THORACIC SURGEONS 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 1 0 1 1 0 TSF B 593000 cash paid TSF L 180000 cash paid