2015-05-13T17:00:40-05:00 2014-06-30 381357951 PLANTE & MORAN PLLC 10 S RIVERSIDE PLAZA 9TH FLOOR CHICAGO IL 60606 990 2013-07-01 363635910 THE THORACIC SURGERY FOUNDATION FOR RESEARCH AND EDUCATION THOR 3122025837 633 N ST CLAIR 23RD FLOOR CHICAGO IL 60611 JOHN H CALHOON MD PRESIDENT 3122025837 2015-05-13 1 KIMBERLY A HAUMANN P00546491 3122071040 2015-05-13 2013 2016-02-25 16:41:14Z JOHN H CALHOON MD 633 N ST CLAIR 23RD FLOOR CHICAGO IL 60611 568945 0 X WWW.TSFRE.ORG X 1988 IL THE MISSION OF TSFRE IS TO FOSTER THE DEVELOPMENT OF SURGEON SCIENTISTS IN CARDIOTHORACIC SURGERY; INCREASING KNOWLEDGE AND INNOVATION TO BENEFIT PATIENT CARE. 16 16 0 17 0 0 253137 228399 0 0 71041 87642 0 0 324178 316041 370000 377500 0 0 0 0 0 0 450 252033 199810 622033 577310 -297855 -261269 2785849 2545857 755686 656478 2030163 1889379 THE MISSION OF TSFRE IS TO FOSTER THE DEVELOPMENT OF SURGEON SCIENTISTS IN CARDIOTHORACIC SURGERY; INCREASING KNOWLEDGE AND INNOVATION TO BENEFIT PATIENT CARE. 0 0 377500 377500 GRANTS AND RELATED ADMINISTRATIVE COSTS FOR RESEARCH IN THE FIELD OF THORACIC SURGERY. 12040 EXHIBIT BOOTHS, A/V, AND FOOD/BEVERAGE AT INDUSTRY CONFERENCES. 389540 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2 0 1 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 IL X GEORGE BOHN 3122025837 633 N ST CLAIR 23RD FLOOR CHICAGO IL 60611 X X JOHN H CALHOON MD PRESIDENT 4.00 X X 0 0 0 W RANDOLPH CHITWOOD MD VICE PRESIDENT 4.00 X X 0 0 0 JOHN H HAMMON MD TREASURER 4.00 X X 0 0 0 DAVID R JONES MD SECRETARY 4.00 X X 0 0 0 DAVID H ADAMS MD DIRECTOR 4.00 X 0 0 0 CARL L BACKER MD DIRECTOR 4.00 X 0 0 0 JOHN G BRYNE MD DIRECTOR 4.00 X 0 0 0 ANDREA J CARPENTER MD DIRECTOR 4.00 X 0 0 0 ROBERT J CERFOLIO MD DIRECTOR 4.00 X 0 0 0 YOLONDA L COLSON DIRECTOR 4.00 X 0 0 0 D CRAIG MILLER MD DIRECTOR 4.00 X 0 0 0 R SCOTT MITCHELL MD DIRECTOR 4.00 X 0 0 0 MARC R MOON MD DIRECTOR 4.00 X 0 0 0 KEITH S NAUNHEIM MD DIRECTOR 4.00 X 0 0 0 RICHARD N PIERSON MD DIRECTOR 4.00 X 0 0 0 DAVID J SUGARBAKER MD DIRECTOR 4.00 X 0 0 0 PRISCILLA S KENNEDY EXECUTIVE DIRECTOR 40.00 X 0 0 0 0 0 0 0 0 0 0 THE SOCIETY OF THORACIC SURGEONS 633 N SAINT CLAIR STREET - 23RD FL CHICAGO IL 60611 MANAGEMENT 189562 1 228399 228399 37217 37217 303329 252904 50425 50425 50425 316041 0 0 87642 377500 377500 144122 144122 15 15 14700 14700 8289 8289 13738 13738 73 73 3251 3251 12040 12040 2608 2608 ANNUAL REPORT 450 450 524 524 577310 389540 187320 450 394752 532790 964077 553150 16958 1653 1410062 1458264 2785849 2545857 133838 10916 621848 645562 755686 656478 X 28444 149605 2001719 1739774 2030163 1889379 2785849 2545857 -261269 120485 0 X 0 1 X 1 0 X 455653 566343 1564174 253137 228399 3067706 455653 566343 1564174 253137 228399 3067706 37000 12650 49650 0 37000 12650 49650 3018056 75872 54405 72980 33933 37217 274407 75872 54405 72980 33933 37217 274407 531525 620748 1637154 287070 265616 3342113 0.90300 0.87220 0.08210 0.11700 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 428237 120485 120485 307752 8289 8289 316041 569021 0 569021 8289 8289 577310 PART X, LINE 2: 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 JUNE 30, 2014 AND 2013, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2011. 1 CAROLYN REED TRAVELING FELLOWSHIP 1 9500 BRAUNWALD GRANT 5 120000 RESEARCH 2 80000 ALLEY-SHERIDAN SCHOLARSHIP 7 17500 TSFRE/NIH RESEARCH GRANT 8 150000 PART I, LINE 2: EACH TSFRE GRANT PROJECT IS THOROUGHLY EVALUATED AND SCORED BY THREE TSFRE RESEARCH COMMITTEE REVIEWERS. THE RESEARCH REVIEWERS HAVE BEEN APPOINTED BY THE TSFRE PRESIDENT AND APPROVED BY THE TSFRE 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 TSFRE GRANT PAYMENT IS ISSUED TO THE INSTITUTION, NOT THE INDIVIDUAL. 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 B, LINE 11 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 TSFRE 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 TSFRE 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 SINCE THERE ARE NO PAID EMPLOYEES QUESTIONS 13 AND 15 DO NOT APPLY TO THE ORGANIZATION. 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 GOVERNING 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 - COMPENSATION PRISCILLA S. KENNEDY, TSFRE EXECUTIVE DIRECTOR, IS COMPENSATED BY AN AFFILIATED ORGANIZATION, SOCIETY OF THORACIC SURGEONS (STS). HOWEVER, THE MAJORITY OF HER TIME IS DEVOTED TO THE FILING ORGANIZATION. STS DID NOT MEET THE DEFINITION OF A RELATED ORGANIZATION FOR THE PERIOD COVERED BY THIS RETURN, AND THUS THE COMPENSATION DISCLOSURES FOR PART VII ARE NOT REQUIRED.