FURP.ORG / PUBLIC DATA EXPLORER

THE THORACIC SURGERY FOUNDATION: Form 990, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
THE THORACIC SURGERY FOUNDATION (EIN 36-3635910)
Tax period
2016-01-01 to 2016-12-31
Filed
2017-11-14
IRS object ID
201723189349311262
Schema version
2016v3.0
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)
Return2017-11-14T16:49:33-06:00ReturnTs
Tax Period End2016-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN381357951PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1PLANTE & MORAN PLLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line110 S Riverside Plaza 9th FloorAddressLine1Txt
CityChicagoCityNm
State AbbreviationILStateAbbreviationCd
ZIP60606ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2016-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN363635910EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE THORACIC SURGERY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlTHORBusinessNameControlTxt
Phone3122025815PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1633 N ST CLAIR 23RD FLOORAddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60611ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDOUGLAS E WOOD MDPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone3122025815PhoneNum
Signature2017-11-06SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonKimberly A HaumannPreparerPersonNm
PTINP00546491PTIN
Phone3122071040PhoneNum
Preparation2017-11-06PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address67.59.56.31IPv4AddressTxt
FieldValueIRS element (for citing)
IP2017-11-06IPDt
IP Tm13:18:44IPTm
IP TimezoneCSIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdDA39A3EE5E6B4B0D3255BFEF95601890AFD80709AtSubmissionCreationDeviceId
At Submission Filing Device Id4F551198EC90A92CA2ED3AE42C89D47A164E6F16AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerDOUGLAS E WOOD MDPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1633 N ST CLAIR 23RD FLOORAddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60611ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$1,854,307GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.THORACICSURGERYFOUNDATION.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1988FormationYr
Legal Domicile StateILLegalDomicileStateCd
Activity Or MissionTHE MISSION OF TSF IS TO FOSTER THE DEVELOPMENT OF SURGEON SCIENTISTS IN CARDIOTHORACIC SURGERY; INCREASING KNOWLEDGE AND INNOVATION TO BENEFIT PATIENT CARE.ActivityOrMissionDesc
Voting Members Governing Body11VotingMembersGoverningBodyCnt
Voting Members Independent11VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers61TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$880,422PYContributionsGrantsAmt
CY Contributions Grants$1,517,967CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$62,088PYInvestmentIncomeAmt
CY Investment Income$18,357CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$942,510PYTotalRevenueAmt
CY Total Revenue$1,536,324CYTotalRevenueAmt
PY Grants And Similar Paid$480,355PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$689,250CYGrantsAndSimilarPaidAmt
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$312,687PYOtherExpensesAmt
CY Other Expenses$256,741CYOtherExpensesAmt
PY Total Expenses$793,042PYTotalExpensesAmt
CY Total Expenses$945,991CYTotalExpensesAmt
PY Revenues Less Expenses$149,468PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$590,333CYRevenuesLessExpensesAmt
Total Assets BOY$2,254,758TotalAssetsBOYAmt
Total Assets EOY$3,065,524TotalAssetsEOYAmt
Total Liabilities BOY$256,337TotalLiabilitiesBOYAmt
Total Liabilities EOY$361,535TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$1,998,421NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$2,703,989NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionThe mission of TSF is to foster the development of surgeon scientists in cardiothoracic surgery; increasing knowledge and innovation to benefit patient care.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$689,250ExpenseAmt
Grant$689,250GrantAmt
DescDuring the year, TSF awarded a total of 23 awards consisting of 5 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), 2 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), 1 Acelity Award (support the research efforts by cardiothoracic surgeons who have completed their formal training and who are seeking support and recognition for their research program related to wound care management), 2 Braunwald Awards (supports a woman surgeon and woman resident working in a cardiac surgical clinic or laboratory research program, 1 NIH Award, 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 theirresearch program), 7 Alley-Sheridan Awards (supports educational opportunities for cardiothoracic surgeons to attend the Leadership Program in Health Policy Management offered by Brandeis University), and 1 Surgical Outreach Mission Award.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$32,126ExpenseAmt
DescEXHIBIT BOOTHS, A/V, AND FOOD/BEVERAGE AT INDUSTRY CONFERENCES.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$721,376TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent EndowmentsYes (1)TempOrPermanentEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
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 OrganizationsYes (1)GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
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 EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document2IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members11GoverningBodyVotingMembersCnt
Independent Voting Member11IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesYes (1)DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
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 PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
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 Line1keith buraBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3122025815PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1633 N ST CLAIR 23RD FLOORAddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60611ZIPCd
FieldValueIRS element (for citing)
Info In Schedule O Part VIIYes (X)InfoInScheduleOPartVIIInd

Form990 Part VII Section A Form990PartVIISectionAGrp (12 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
John H Calhoon MD
PRESIDENT4.000.00Yes (X)Yes (X)$0$0$0
Douglas E Wood MD
VICE PRESIDENT4.000.00Yes (X)Yes (X)$0$0$0
Mark S Allen MD
TREASURER4.002.00Yes (X)Yes (X)$0$0$0
Keith S Naunheim MD
SECRETARY4.003.00Yes (X)Yes (X)$0$6,500$0
Shanda H Blackmon MD
DIRECTOR4.002.00Yes (X)$0$0$0
Andrea J Carpenter MD
DIRECTOR4.000.00Yes (X)$0$0$0
David A Fullerton MD
DIRECTOR4.002.00Yes (X)$0$0$0
Robert C Gorman MD
DIRECTOR4.000.00Yes (X)$0$0$0
Robert SD Higgins MD
DIRECTOR4.000.00Yes (X)$0$1,000$0
Richard N Pierson MD
DIRECTOR4.000.00Yes (X)$0$0$0
Joseph F Sabik MD
DIRECTOR4.0012.00Yes (X)$0$1,000$0
Priscilla S Kennedy
EXECUTIVE DIRECTOR40.000.00Yes (X)$0$80,920$14,431
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$89,420TotReportableCompRltdOrgAmt
Total Other Compensation$14,431TotalOtherCompensationAmt
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 Street - 23rd FlAddressLine1Txt
CityChicagoCityNm
State AbbreviationILStateAbbreviationCd
ZIP60611ZIPCd
FieldValueIRS element (for citing)
ServicesManagement FeeServicesDesc
Compensation$180,000CompensationAmt
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K1CntrctRcvdGreaterThan100KCnt
Related Organizations$593,000RelatedOrganizationsAmt
All Other Contributions$924,967AllOtherContributionsAmt
Total Contributions$1,517,967TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$51,122TotalRevenueColumnAmt
Exclusion$51,122ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$285,218SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$317,983SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities-$32,765SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column-$32,765TotalRevenueColumnAmt
Exclusion-$32,765ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,536,324TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$18,357ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$167,500TotalAmt
Program Services$167,500ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$521,750TotalAmt
Program Services$521,750ProgramServicesAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$180,000TotalAmt
Management And General$180,000ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$28TotalAmt
Management And General$28ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$13,800TotalAmt
Management And General$13,800ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$12,675TotalAmt
Management And General$12,675ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$26,398TotalAmt
Management And General$26,398ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$8,054TotalAmt
Management And General$8,054ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$32,126TotalAmt
Program Services$32,126ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$1,356TotalAmt
Management And General$1,356ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp

FieldValueIRS element (for citing)
DescBad Debt ExpenseDesc
Total-$20,000TotalAmt
Management And General-$20,000ManagementAndGeneralAmt

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$2,304TotalAmt
Management And General$2,304ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$945,991TotalAmt
Program Services$721,376ProgramServicesAmt
Management And General$224,615ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$644,356BOYAmt
EOY$1,098,646EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$373,375BOYAmt
EOY$343,056EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$5,077BOYAmt
EOY$6,559EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$1,231,950BOYAmt
EOY$1,617,263EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$2,254,758BOYAmt
EOY$3,065,524EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$11,337BOYAmt
EOY$17,285EOYAmt

Grants Payable GrantsPayableGrp

FieldValueIRS element (for citing)
BOY$245,000BOYAmt
EOY$344,250EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$256,337BOYAmt
EOY$361,535EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$678,134BOYAmt
EOY$954,743EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,320,287BOYAmt
EOY$1,749,246EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,998,421BOYAmt
EOY$2,703,989EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,254,758BOYAmt
EOY$3,065,524EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$590,333ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$115,235NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consol And Sep Basis Fincl StmtYes (X)ConsolAndSepBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2Yes (X)PubliclySupportedOrg509a2Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$253,137CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$228,399CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$280,922CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$880,422CurrentTaxYearMinus1YearAmt
Current Tax Year$1,517,967CurrentTaxYearAmt
Total$3,160,847TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$253,137CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$228,399CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$280,922CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$880,422CurrentTaxYearMinus1YearAmt
Current Tax Year$1,517,967CurrentTaxYearAmt
Total$3,160,847TotalAmt

Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$37,000CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$12,650CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$5,000CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$438,098CurrentTaxYearMinus1YearAmt
Current Tax Year$647,809CurrentTaxYearAmt
Total$1,140,557TotalAmt

Substantial Contributors Amt SubstantialContributorsAmtGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$37,000CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$12,650CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$5,000CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$438,098CurrentTaxYearMinus1YearAmt
Current Tax Year$647,809CurrentTaxYearAmt
Total$1,140,557TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$2,020,290PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$33,933CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$37,217CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$29,222CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$49,516CurrentTaxYearMinus1YearAmt
Current Tax Year$51,122CurrentTaxYearAmt
Total$201,010TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$33,933CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$37,217CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$29,222CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$49,516CurrentTaxYearMinus1YearAmt
Current Tax Year$51,122CurrentTaxYearAmt
Total$201,010TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$287,070CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$265,616CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$310,144CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$929,938CurrentTaxYearMinus1YearAmt
Current Tax Year$1,569,089CurrentTaxYearAmt
Total$3,361,857TotalAmt
FieldValueIRS element (for citing)
Public Support CY5090.60090PublicSupportCY509Pct
Public Support PY5090.79140PublicSupportPY509Pct
Investment Income CY0.05980InvestmentIncomeCYPct
Investment Income PY0.06500InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests CY509Yes (X)ThirtyThrPctSuprtTestsCY509Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$973,645BeginningYearBalanceAmt
Contributions$335,425ContributionsAmt
Investment Earnings Or Losses$116,123InvestmentEarningsOrLossesAmt
Administrative Expenses$94,250AdministrativeExpensesAmt
End Year Balance$1,330,943EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,136,089BeginningYearBalanceAmt
Contributions$42,760ContributionsAmt
Investment Earnings Or Losses-$78,554InvestmentEarningsOrLossesAmt
Administrative Expenses$126,650AdministrativeExpensesAmt
End Year Balance$973,645EndYearBalanceAmt
FieldValueIRS element (for citing)
Term Endowment Balance EOY1.00000TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$1,638,884TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$115,235NetUnrealizedGainsInvstAmt
Revenue Not Reported$115,235RevenueNotReportedAmt
Revenue Subtotal$1,523,649RevenueSubtotalAmt
Investment Expenses Not Incld$12,675InvestmentExpensesNotIncldAmt
Revenue Not Reported Fincl Stmt$12,675RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$1,536,324TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$933,316TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$933,316ExpensesSubtotalAmt
Investment Expenses Not Incld2$12,675InvestmentExpensesNotIncld2Amt
Expenses Not Rpt Fincl Stmt$12,675ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$945,991TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart X, Line 2:FormAndLineReferenceDesc
ExplanationThe Foundation is exempt from income tax under the provisions of Internal Revenue Code Section 501(c)(3). Accounting principles generally accepted in the United States of America require management to evaluate tax positions taken by the Foundation and recognize a tax liability if the Foundation 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 Foundation and has concluded that as of the year ended 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.ExplanationTxt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable (6 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtPurpose Of GrantPurposeOfGrantTxt
Brandeis University
415 South StreetWalthanWA02454042103552501(C)(3)$17,500Alley Sheridan Scholarships
Cardiostart International
6110 Hartford StTampaFL33619593679703501(C)(3)$31,000Edwards Every Heartbeat Matters
University of Colorado
PO Box 910238DenverCO80291846049811501(C)(3)$35,000Edwards Every Heartbeat Matters
Team Heart
275 Meadowridge RoadWillistonVT05495271435443501(C)(3)$35,000Edwards Every Heartbeat Matters
Heart to Heart International Children's Medical
655 13th StreetOaklandCA64612943130437501(C)(3)$31,000Edwards Every Heartbeat Matters
Children's Heartlink
5075 Arcadia Avenue SMinneapolisMN55436411307457501(C)(3)$18,000Edwards Every Heartbeat Matters
FieldValueIRS element (for citing)
Total501c3 Org6Total501c3OrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (8 entries)

Grant TypeGrantTypeTxtRecipientRecipientCntCash GrantCashGrantAmt
Carolyn E. Reed Traveling Fellowship2$16,750
Acelity Research Grants1$25,000
STSA Research Grant1$25,000
NIH1$150,000
Research Grant2$160,000
STS Research Grant1$80,000
Braunwald Fellowship1$60,000
HEART TO HEART MISSION GRANT1$5,000

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart I, Line 2:FormAndLineReferenceDesc
ExplanationEach 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 TSF grant payment is issued to the institution, with the exception of the Carolyn E. Reed Traveling Fellowship Awards. 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.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part VI, Section A, line 3THE 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 B, line 11bTHE 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 12cTSF 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 15SINCE THERE ARE NO PAID EMPLOYEES QUESTIONS 13 AND 15 DO NOT APPLY TO THE ORGANIZATION.
Form 990, Part VI, Section C, line 18FORM 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 19GOVERNING DOCUMENTS, 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 (STS).
FORM 990, PART VII, SECTION A - COMPENSATIONPriscilla S. Kennedy, TSF Executive Director, is compensated by a related organization, THE Society of Thoracic Surgeons (STS).

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

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

US Address USAddress

FieldValueIRS element (for citing)
Address Line1633 N SAINT CLAIR STAddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60611ZIPCd
FieldValueIRS element (for citing)
EIN363022713EIN
Primary ActivitiesTo enhance the ability of cardiothoracic surgeons.PrimaryActivitiesTxt
Legal Domicile StateILLegalDomicileStateCd
Exempt Code Section501(C)(6)ExemptCodeSectionTxt
Controlled Organization0ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgYes (1)GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other OrgYes (1)PerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (1)SharingOfFacilitiesInd
Paid Employees SharingYes (1)PaidEmployeesSharingInd
Reimbursement Paid To Other OrgYes (1)ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other OrgYes (1)TransferToOtherOrgInd
Transfer From Other OrgYes (1)TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (2 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
THE SOCIETY OF THORACIC SURGEONS
C$593,000CASH PAID
THE SOCIETY OF THORACIC SURGEONS
M$180,000CASH PAID