2016-11-09T14:55:58-06:00 2015-12-31 381357951 PLANTE & MORAN PLLC 10 S Riverside Plaza 9th Floor Chicago IL 60606 990 2015-01-01 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 2016-11-08 1 Kimberly A Haumann P00546491 3122071040 2016-10-18 2015 2017-02-10 21:41:12Z ROBERT A WYNBRANDT 633 N SAINT CLAIR ST STE 2320 CHICAGO IL 60611 29067440 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. 17 17 63 286 1110853 56044 619183 992045 15767168 16858888 2305199 1452142 2424518 2558070 21116068 21861145 75372 652505 0 0 6337611 7183110 0 0 0 10475664 10427751 16888647 18263366 4227421 3597779 46646110 45940878 11006127 10949775 35639983 34991103 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 7,200 MEMBERS. HEALTH POLICY - EDUCATE OVER 7,200 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 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 47 0 1 63 1 1 1 0 0 0 1 1 0 X 17 17 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X GEORGE BOHN 3122025800 633 N SAINT CLAIR ST SUITE 2320 CHICAGO IL 60611 Mark S Allen President 12.00 4.00 X X 8000 0 0 Joseph E Bavaria First Vice President 12.00 0.00 X X 1000 0 0 Richard L Prager Second Vice President 3.00 0.00 X X 1000 0 0 Keith S Naunheim Secretary 12.00 4.00 X X 5500 0 0 Robert SD Higgins Treasurer 3.00 4.00 X X 1000 0 0 David A Fullerton Immediate Past President 2.00 4.00 X 0 0 0 Douglas E Wood Immediate Past President 2.00 4.00 X 0 0 0 Damien J LaPar Resident Director 2.00 0.00 X 0 0 0 Cameron T Stock Jr Resident Director 2.00 0.00 X 0 0 0 A Pieter Kappetein International Director 2.00 0.00 X 0 0 0 Shinichi Takamoto International Director 2.00 0.00 X 0 0 0 Sean C Grondin Canadian Director 2.00 0.00 X 0 0 0 Tony Coelho Public Director 2.00 0.00 X 0 0 0 Emile ABacha Public Director 2.00 0.00 X 0 0 0 Bryan Meyers Public Director 2.00 0.00 X 0 0 0 Joseph F Sabik III Public Director 2.00 4.00 X 0 0 0 Cameron D Wright Public Director 2.00 0.00 X 0 0 0 Shanda H Blackmon Public Director 2.00 4.00 X 0 0 0 Vinon H Thourani Public Director 2.00 0.00 X 0 0 0 John H Calhoon Public Director 2.00 4.00 X 0 0 0 Robert A Wynbrandt Executive Director & General Counsel 60.00 0.00 X 718863 0 47402 Keith J Bura Director - Finance 40.00 0.00 X 163988 0 13433 William F Seward Associate Executive Director 60.00 0.00 X 317431 0 39110 W Grahame Rush Dir. - Information Services 40.00 0.00 X 191989 0 33969 Damon K Marquis Dir. - Education & Member Services 40.00 0.00 X 185031 0 22349 Natalie J Boden Dir. - Marketing & Communications 40.00 0.00 X 167637 0 37388 Courtney Yohe Savage Dir. - Government Relations 40.00 0.00 X 165647 0 14009 DeLaine S Schmitz Dir. - Quality 40.00 0.00 X 141369 0 17976 George P Bohn Controller 50.00 0.00 X 140310 0 25293 Donna McDonald Sr. Mgr. STS NDB & Patient Safety 40.00 0.00 X 131067 0 9042 Colleen M Donohoe Dir. - Meetings & Conventions 40.00 0.00 X 129928 0 15732 Luis R Vargas Senior Research Manager 40.00 0.00 X 118823 0 10082 2588583 0 285785 16 0 1 0 Duke University PO Box 17969 Durham NC 27715 Data Warehousing 3192142 CPUP Department of Surgery 3400 Spruce Street - 4 Silvertein Philadelphia PA 19104 Publishing 525917 Telligen 1776 W Parkway West Des Moines IA 50266 Data Auditing Consultant 434105 Centerplate San Diego Convention Center San Diego CA 92101 Food & Beverage/Catering 377347 MARIOTT BUSINESS SERVICES PO BOX 402642 ATLANTA GA 30384 HOSPITALITY / MEETING EVENT 242230 15 992045 992045 NATIONAL DATABASE 611710 5983644 5983644 EDUCATIONAL MEETINGS 611710 3843809 3828279 15530 MEMBERSHIP DUES 611710 2792951 2792951 TVT REGISTRY 611710 1894286 1894286 PUBLICATIONS & SUBSCRIPTIONS 611710 1125877 1125877 1218321 157998 1060323 16858888 1286511 1286511 2453130 2453130 69940 0 69940 69940 69940 7371926 7206295 165631 165631 165631 A.M. PROGRAM & ABSTRACT BOOKS 900004 35000 35000 35000 21861145 15783035 1110853 3975212 X 558750 93755 2874368 3198814 128185 552701 429042 144312 51200 157852 4339579 1799452 155789 467801 538225 2229391 376119 52922 MEMBERSHIP FEES 57136 57973 18263366 3838264 3132413 1307844 2310914 949195 1391192 756829 724240 5540311 3438738 1873416 2101573 36186319 34538782 1724980 1732501 9263 9263 46646110 45940878 5153022 4245855 5853105 6703920 11006127 10949775 X 35277963 34608781 362020 382322 35639983 34991103 46646110 45940878 3597779 -4246659 0 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 1 2431566 291497 -1163142 -871645 437682 -1309327 1508824 1048186 460638 82209 77966 4243 3949278 2312586 1636692 2101573 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, 2015, 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 May 10, 2016, 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 2009. 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. East Asia and the Pacific 0 0 ASCVTS Meeting MEETING PARTICIPATION 22681 Europe (Including Iceland & Greenland) 0 0 EACTS Meeting MEETING PARTICIPATION 70755 Europe (Including Iceland & Greenland) 0 0 ESTS Meeting MEETING PARTICIPATION 15826 North America 0 0 WTSA Meeting MEETING PARTICIPATION 2871 0 0 0 0 0 0 112133 0 112133 0 0 0 0 0 0 Part I, line 3: FAIR VALUE 1 American Association for Thoracic Surgery 500 Cummings Center Suite 4500 Beverly MA 01915 046406547 501c(6) 6750 Scholarships The Thoracic Surgery Foundation 633 N Saint Claire Street Chicago IL 60611 363635910 501c(3) 413000 Operations & Grant support Women in Thoracic Surgery 633 N Saint Claire Street Chicago IL 60611 300003353 501c(3) 30000 Scholarship Support Thoracic Surgery Directors Association 633 N Saint Claire Street Chicago IL 60611 561196918 501c(3) 100000 Boot Camp and TSRA Traveling Fellowship Support 4 1 Travel and lodging expense reimbursement for Looking to the Future scholarsh 57 68946 Scholarships for STS Members to attend an STS Advocacy Fly-In event 7 14808 Michael Davidson Family Fund 1 10000 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 Counsel 563875 0 79988 0 75000 0 12500 0 34902 0 766265 0 0 0 Keith J Bura Director - Finance 162728 0 0 0 1260 0 3160 0 10273 0 177421 0 0 0 William F Seward Associate Executive Director 286348 0 31083 0 0 0 10003 0 29107 0 356541 0 0 0 W Grahame Rush Dir. - Information Services 174359 0 17270 0 360 0 9755 0 24214 0 225958 0 0 0 Damon K Marquis Dir. - Education & Member Services 165467 0 18124 0 1440 0 9312 0 13037 0 207380 0 0 0 Natalie J Boden Dir. - Marketing & Communications 151592 0 16045 0 0 0 8675 0 28713 0 205025 0 0 0 Courtney Yohe Savage Dir. - Government Relations 149543 0 16104 0 0 0 8355 0 5654 0 179656 0 0 0 DeLaine S Schmitz Dir. - Quality 124229 0 17080 0 60 0 6296 0 11680 0 159345 0 0 0 George P Bohn Controller 130127 0 10183 0 0 0 2889 0 22404 0 165603 0 0 0 Form 990, Part VI, Section A, line 2 Dr. Fullerton is a non-compensated member of the board of directors of Genesee Biomedical which paid STS a fee to exhibit at the STS Annual Meeting. Form 990, Part VI, Section A, line 6 THE ORGANIZATION IS A MEMBERSHIP SOCIETY AND HAS OVER 7,200 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 11 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 2015. 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 810,597. TEMP. SERVICES 91,859. VOLUNTEER STIPENDS 180,000. PAYROLL AND HR FEES 147,268. DATA AUDITING 486,466. DATA WAREHOUSING AND ANALYSIS 2,581,523. OTHER MISCELLANEOUS 41,866. 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 9 SOCIETY OF THORACIC SURGEONS 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 1 0 1 1 1 TSF B 413000 cash paid TSF L 194222 cash paid TSF R 202627 cash paid