2014-02-12T12:11:09-06:00 2013-06-30 381357951 PLANTE & MORAN PLLC 10 S RIVERSIDE PLAZA 9TH FLOOR CHICAGO IL 60606 990 2012-07-01 363635910 THE THORACIC SURGERY FOUNDATION FOR RESEARCH AND EDUCATION THOR 3122025837 633 N ST CLAIR 23RD FLOOR CHICAGO IL 60611 G ALEXANDER PATTERSONMD 3122025837 2014-02-11 1 KIMBERLY A HAUMANN P00546491 3122071040 2014-02-11 2012 2015-11-30 17:44:51Z G ALEXANDER PATTERSONMD 633 N ST CLAIR 23RD FLOOR CHICAGO IL 60611 694592 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 21 0 0 1564174 253137 0 0 81236 71041 0 0 1645410 324178 537398 370000 0 0 0 0 5000 0 550 250818 252033 793216 622033 852194 -297855 3175162 2785849 889013 755686 2286149 2030163 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 370000 370000 GRANTS AND RELATED ADMINISTRATIVE COSTS FOR RESEARCH IN THE FIELD OF THORACIC SURGERY. 14415 EXHIBIT BOOTHS AT INDUSTRY CONFERENCES. 384415 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 1 0 1 0 0 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 MA X GEORGE BOHN 3122025837 633 N ST CLAIR 23RD FLOOR CHICAGO IL 60611 X G ALEXANDER PATTERSON MD 2.00 X X 0 0 0 W RANDOLPH CHITWOOD JR MD 2.00 X X 0 0 0 DAVID R JONES MD 2.00 X X 0 0 0 THOMAS A D'AMICO MD 2.00 X X 0 0 0 JOHN W HAMMON JR MD 2.00 X X 0 0 0 DAVID H ADAMS MD 2.00 X 0 0 0 JOHN G BRYRNE MD 2.00 X 0 0 0 JOHN H CALHOON MD 2.00 X 0 0 0 ANDREA J CARPENTER MD 2.00 X 0 0 0 ROBERT J CERFOLIO MD 2.00 X 0 0 0 RALPH DAMIANO MD 2.00 X 0 0 0 RICHARD H FEINS MD 2.00 X 0 0 0 DOUGLAS J MATHISEN MD 2.00 X 0 0 0 D CRAIG MILLER MD 2.00 X 0 0 0 R SCOTT MITCHELL MD 2.00 X 0 0 0 MARC R MOON MD 2.00 X 0 0 0 KEITH S NAUNHEIM MD 2.00 X 0 0 0 RICHARD N PIERSON III MD 2.00 X 0 0 0 ROBERT C ROBBINS MD 2.00 X 0 0 0 JOSEPH B SHRAGER MD 2.00 X 0 0 0 DAVID J SUGARBAKER MD 2.00 X 0 0 0 MICHAEL M MACK MD 2.00 X 0 0 0 PRISCILLA PAGE 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 186578 1 253137 21067 253137 33933 33933 407522 370414 37108 37108 37108 324178 0 0 71041 370000 370000 186578 186578 10 10 14825 14825 7754 7754 10937 10937 2625 2625 6662 6662 14415 14415 1278 1278 ANNUAL REPORT 550 550 6399 6399 622033 384415 237068 550 240080 394752 1451240 964077 16958 1483842 1410062 3175162 2785849 204665 133838 684348 621848 889013 755686 X -229277 28444 2515426 2001719 2286149 2030163 3175162 2785849 -297855 41869 0 X 0 1 X 1 0 X 166482 455653 566343 1564174 253137 3005789 166482 455653 566343 1564174 253137 3005789 37000 37000 0 37000 37000 2968789 160916 75872 54405 72980 33933 398106 160916 75872 54405 72980 33933 398106 327398 531525 620748 1637154 287070 3403895 0.87220 0.83640 0.11700 0.16360 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 358293 41869 41869 316424 7754 7754 324178 614279 0 614279 7754 7754 622033 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM INCOME TAX UNDER 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 JUNE 30, 2013 AND 2012, 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 2010. 1 TSFRE/NHLBI (K08) PROGRAM 5 150000 TSFRE/NIH RESEARCH GRANT 4 80000 BRAUNWALD GRANT 1 80000 TSFRE RESEARCH FELLOWSHIP 1 5000 BRAUNWALD RESEARCH FELLOWSHIP 2 30000 AMERICAN COLLEGE OF SURGEON 3 7500 BRANDEIS UNIVERSITY 7 17500 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, 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. 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).