2013-05-14T20:52:18-05:00 2012-06-30 381357951 PLANTE & MORAN PLLC 10 S RIVERSIDE PLAZA 9TH FLOOR CHICAGO IL 60606 990 2011-07-01 363635910 THE THORACIC SURGERY FOUNDATION FOR RESEARCH AND EDUCATION THOR 3122025837 633 N ST CLAIR 23RD FLOOR CHICAGO IL 60611 G ALEXANDER PATTERSON MD 3122025837 2013-05-14 1 KIMBERLY A HAUMANN P00546491 3122071040 2013-05-14 2011 2016-03-07 17:11:31Z G ALEXANDER PATTERSON M 633 N ST CLAIR 23RD FLOOR CHICAGO IL 60611 2008478 0 X WWW.TSFRE.ORG X 1988 IL TO FOSTER THE DEVELOPMENT OF SURGEON SCIENTISTS IN CARDIOTHORACIC SURGERY; INCREASING KNOWLEDGE AND INNOVATION TO BENEFIT PATIENT CARE. 16 16 0 20 0 0 566343 1564174 0 0 111811 81236 0 0 678154 1645410 -314248 537398 0 0 0 0 16492 5000 14323 197699 250818 -100057 793216 778211 852194 3934571 3175162 2442864 889013 1491707 2286149 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 543115 537398 GRANTS AND RELATED ADMINISTRATIVE COSTS FOR RESEARCH IN THE FIELD OF THORACIC SURGERY. 6375 SENIOR TOUR - COMMITTEE COMPOSED OF RETIRED OR PARTIALLY RETIRED CARDIOTHORACIC SURGEONS TO AUGMENT RESIDENCY TRAINING IN CARDIOTHORACIC SURGERY AROUND THE UNITED STATES. 4436 EXHIBIT BOOTHS AT INDUSTRY CONFERENCES. 553926 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 0 1 2 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 3122025868 633 N ST CLAIR 23RD FLOOR CHICAGO IL 60611 X G ALEXANDER PATTERSON MD 5.00 X X 0 0 0 W RANDOLPH CHITWOOD MD 5.00 X X 0 0 0 THOMAS A D'AMICO MD 5.00 X X 0 0 0 JOHN W HAMMON MD 5.00 X X 0 0 0 JOHN W CALHOON MD 2.00 X 0 0 0 ANDREA J CARPENTER MD 2.00 X 0 0 0 RALPH J DAMIANO MD 2.00 X 0 0 0 RICHARD H FEINS MD 2.00 X 0 0 0 DAVID R JONES 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 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 THOMAS L SPRAY MD 2.00 X 0 0 0 JOHN PUSKAS MD 2.00 X 0 0 0 LAWRENCE H COHN MD 2.00 X 0 0 0 0 0 0 0 0 0 0 0 1564174 1564174 72980 72980 371324 363068 8256 8256 8256 1645410 0 0 81236 537398 537398 177485 177485 330 330 16150 16150 5000 5000 9110 9110 3579 3579 8606 8606 657 657 5053 5053 2361 2361 ANNUAL REPORT 9323 9323 COMMITTEE EXPENSES 8669 8669 MEETINGS EXPENSE 7859 7859 BANK AND CREDIT CARD FE 1636 1636 793216 553926 224967 14323 297766 240080 410812 0 263335 1451240 2962658 1483842 3934571 3175162 15095 204665 843767 684348 1584002 0 2442864 889013 X 206413 -229277 1285294 2515426 1491707 2286149 3934571 3175162 X 852194 -57752 X 0 1 1 X 0 X 367540 166482 455653 566343 1564174 3120192 367540 166482 455653 566343 1564174 3120192 0 0 0 3120192 246324 160916 75872 54405 72980 610497 246324 160916 75872 54405 72980 610497 613864 327398 531525 620748 1637154 3730689 0.83640 0.73330 0.16360 0.26670 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1645410 793216 852194 -57752 -57752 794442 1578548 -57752 -57752 1636300 9110 9110 1645410 784106 0 784106 9110 9110 793216 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE FOUNDATION'S APPLICATION OF GAAPUSA REGARDING UNCERTAIN TAX POSITIONS HAD NO EFFECT ON ITS FINANCIAL POSITION AS MANAGEMENT BELIEVES THE FOUNDATION HAS NO MATERIAL UNRECOGNIZED INCOME TAX BENEFITS, INCLUDING ANY POTENTIAL RISK OF LOSS OF ITS NOT-FOR-PROFIT TAX STATUS. THE FOUNDATION WOULD ACCOUNT FOR ANY POTENTIAL INTEREST OF PENALTIES RELATED TO POSSIBLE FUTURE LIABILITIES FOR UNRECOGNIZED INCOME TAX BENEFITS AS INCOME TAX EXPENSE. THE FOUNDATION IS NO LONGER SUBJECT TO EXAMINATION BY FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR PERIODS BEFORE 2009. 1 TSFRE/NHLBI (K08) PROGRAM 2 196318 TSFRE/NIH RESEARCH GRANT 1 166561 TSFRE RESEARCH GRANT 2 79986 TSFRE RESEARCH FELLOWSHIP 2 60000 ALLEY-SHERIDAN SCHOLARSHIPS 9 22500 TSFRE SIMULATION GRANT 1 9866 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. 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). CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -57,752.