2023-08-17T12:29:01-05:00 2022-12-31 381357951 PLANTE & MORAN PLLC 10 S RIVERSIDE PLAZA 9TH FLOOR CHICAGO IL 60606 990 2022-01-01 363635910 THE THORACIC SURGERY FOUNDATION THOR 3122025815 633 N ST CLAIR SUITE 2100 CHICAGO IL 60611 ANTHONY ESTRERA MD TREASURER 3122025815 2023-08-07 1 ANTHONY ESTRERA MD 999009999 1 JESSICA TOADER P01464604 3122071040 2023-08-07 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ANTHONY ESTRERA MD 633 N ST CLAIR SUITE 2100 CHICAGO IL 60611 5103401 0 X WWW.THORACICSURGERYFOUNDATION.ORG X 1988 IL THE MISSION OF TSF IS TO FOSTER THE DEVELOPMENT OF SURGEON SCIENTISTS IN CARDIOTHORACIC SURGERY; INCREASING KNOWLEDGE AND INNOVATION TO BENEFIT PATIENT CARE. 14 14 0 119 0 0 2974577 2586991 0 0 457718 -44165 0 0 3432295 2542826 1055270 1569058 0 0 0 0 0 0 43410 76656 52178 1131926 1621236 2300369 921590 7716279 8089405 540331 741780 7175948 7347625 X THE MISSION OF TSF IS TO FOSTER THE DEVELOPMENT OF SURGEON SCIENTISTS IN CARDIOTHORACIC SURGERY; INCREASING KNOWLEDGE AND INNOVATION TO BENEFIT PATIENT CARE. 0 0 1516980 1569058 DURING THE YEAR, TSF AWARDED A TOTAL OF 126 AWARDS CONSISTING OF 7 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), 3 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), 8 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), 2 BRAUNWALD AWARDS (SUPPORT A WOMAN SURGEON AND WOMAN RESIDENT WORKING IN CARDIAC SURGICAL CLINIC OR LABORATORY RESEARCH PROGRAM), 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 THEIR RESEARCH PROGRAM), 1 LEVI WATKINS AWARDS (SUPPORT TRAVEL TO A CENTER OF EXCELLENCE TO ACQUIRE ADDITIONAL CLINICAL, TRANSLATIONAL OR LEADERSHIP TRAINING TO ENHANCE SKILLS AND PRACTICE IN AN AREA OF INNOVATION OR SURGICAL SIGNIFICANCE FOR A CARDIOTHORACIC SURGEON), 2 REPLOGLE AWARD (SUPPORT CONTINUING EDUCATION OF SURGEON OR RESIDENT COMMITTED TO THE TREATMENT OF CONGENITAL HEART DISEASE IN NEONATES, INFANTS, CHILDREN AND ADULTS), 1 SARNS TERUMO PERFUSION EDUCATION FELLOWSHIP AWARD (SUPPORT CONTINUING EDUCATION OF A BOARD CERTIFIED PERFUSIONIST COMMITTED TO EXPAND CARDIOVASCULAR PERFUSION EDUCATION), 1 STS 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 THEIR RESEARCH PROGRAM), 3 ALLEY-SHERIDAN AWARDS (SUPPORT EDUCATIONAL OPPORTUNITIES FOR CARDIOTHORACIC SURGEONS TO ATTEND THE LEADERSHIP PROGRAM IN HEALTH POLICY MANAGEMENT OFFERED BY BRANDEIS UNIVERSITY), 1 DAVIDSON FELLOWSHIP (SUPPORT A YOUNG EARLY-CAREER CARDIOTHORACIC SURGEON COMMITTED TO THE VISION OF INNOVATIVE AND COLLABORATIVE CARDIOVASCULAR CARE), 9 INTERNATIONAL MEDICAL VOLUNTEER SCHOLARSHIPS (PROVIDE GLOBAL CARDIOTHORACIC SURGERY VOLUNTEER EXPERIENCE FOR A CARDIOTHORACIC SURGERY RESIDENT OR SURGEON UNDER THE MENTORSHIPS OF AN EXPERIENCED SURGEON VOLUNTEER), AND 5 SAHA SCHOLARSHIPS (SUPPORT EDUCATIONAL OPPORTUNITIES FOR CARDIOTHORACIC SURGERY RESIDENTS OR JUNIOR FACULTY FROM INDIA TO ATTEND STS ANNUAL MEETING). 2 NICHOLAS KOUCHOUKOS AWARD (TO FACILITATE THE CONTINUING EDUCATION OF A CARDIOTHORACIC SURGEON OR SENIOR RESIDENT COMMITTED TO THE TREATMENT OF THORACIC AORTIC DISEASE), 1 TSF UNDERREPRESENTED ROBOTIC GENERAL THORACIC SURGEON DEVELOPMENT AWARD (TO SUPPORT GENERAL THORACIC SURGEONS OR CARDIOTHORACIC SURGERY RESIDENTS IN THEIR LAST YEAR OF TRAINING WHO EITHER ARE FROM A UNDERREPRESENTED IN MEDICINE DEMOGRAPHIC GROUP, WHO WORK IN A DESIGNATED RURAL AREA, OR WHO WORK IN A MEDICALLY UNDERSERVED AREA/POPULATION), 2 EHM STRUCTURAL HEART DIVERSITY FELLOWSHIP (SUPPORT FOR CARDIOTHORACIC SURGEONS AND TRAINEES WHO ARE SEEKING TO ENHANCE THEIR SKILLS IN EITHER TRANSCATHETER VALVE TECHNIQUES OR OPEN VALVE SURGERY), 1 THE THORACIC SURGERY FOUNDATION/FRANCIS FONTAN FUND INTERNATIONAL TRAVELING FELLOWSHIP (FACILITATES THE CONTINUING EDUCATION OF A FACULTY YOUNG SURGEON TO TRAVEL TO AN INTERNATIONAL INSTITUTION WITH THE PURPOSE OF LEARNING A NOVEL TECHNIQUE, OR ADAPTING INNOVATIVE TECHNOLOGY AND/OR FOSTERING COLLABORATION BETWEEN SURGICAL INVESTIGATORS IN OTHER TO FURTHER THE PROGRESS OF CARDIOTHORACIC SURGERY AT THE RECIPIENT'S HOME INSTITUTION), 1 VIVIEN T. THOMAS LECTURE ( SPEAKER HONORARIUM), AND 75 LATIN AMERICA TRAVEL AWARDS TO ATTEND THE EACTS/STS CARDIOVASCULAR CONFERENCE. 1516980 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 1 21 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 1 1 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 IL X KEITH BURA 3122025815 633 N ST CLAIR SUITE 2100 CHICAGO IL 60611 X THOMAS E MACGILLIVRAY MD DIRECTOR 4.00 3.00 X 0 1000 0 VINOD H THOURANI MD DIRECTOR 4.00 3.00 X 0 1000 0 JOSEPH A DEARANI MD PRESIDENT 12.00 0.00 X X 0 0 0 VIRGINIA R LITLE MD VICE PRESIDENT 12.00 0.00 X X 0 0 0 ANTHONY L ESTRERA MD TREASURER 12.00 0.00 X X 0 0 0 SCOTT A LEMAIRE MD SECRETARY 12.00 0.00 X X 0 0 0 JOSEPH E BAVARIA MD DIRECTOR 4.00 0.00 X 0 0 0 EDWARD P CHEN MD DIRECTOR 4.00 0.00 X 0 0 0 JUAN A CRESTANELLO MD DIRECTOR 4.00 0.00 X 0 0 0 MELANIE A EDWARDS MD DIRECTOR 4.00 0.00 X 0 0 0 SEAN C GRONDIN MD DIRECTOR 4.00 0.00 X 0 0 0 LAUREN C KANE MD DIRECTOR - THRU 1/22 4.00 0.00 X 0 0 0 JENNIFER S LAWTON MD DIRECTOR 4.00 0.00 X 0 0 0 MEENA NATHAN DIRECTOR 4.00 0.00 X 0 0 0 TOM C NGUYEN MD DIRECTOR 4.00 0.00 X 0 0 0 LEE WIENSCH EXECUTIVE DIRECTOR - BEG 10/22 40.00 0.00 X 26906 0 5264 PRISCILLA KENNEDY EXECUTIVE DIRECTOR - THRU 2/22 40.00 0.00 X 28834 0 3541 55740 2000 8805 0 0 0 0 0 710798 1876193 204066 2586991 129471 129471 2386939 2560575 -173636 -173636 -173636 2542826 0 0 -44165 245000 245000 1237750 1237750 86308 86308 17035 17035 27404 27404 9421 204 4100 5117 6658 2197 2264 2197 25793 25793 MISCELLANEOUS 18367 5521 2543 10303 BAD DEBT EXPENSE 7500 7500 RETURNED GRANT AWARD -60000 -60000 1621236 1516980 60846 43410 1929452 2563652 89212 166974 1138783 1317262 3319 6340 4555513 4035177 7716279 8089405 34661 36459 502970 705321 2700 0 540331 741780 X 4199602 3745055 2976346 3602570 7175948 7347625 7716279 8089405 921590 -749913 0 X 0 1 X 1 0 X 1466804 1749179 1347926 2974577 2586991 10125477 1466804 1749179 1347926 2974577 2586991 10125477 725507 642647 883239 395509 915898 3562800 0 725507 642647 883239 395509 915898 3562800 6562677 62549 71482 71717 119712 129471 454931 62549 71482 71717 119712 129471 454931 1529353 1820661 1419643 3094289 2716462 10580408 0.62030 0.61080 0.04300 0.04070 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 2067552 -749913 302043 -447870 2515422 27404 27404 2542826 1895875 302043 302043 1593832 27404 27404 1621236 SCHEDULE D, PART V: DURING THE 2022 YEAR END AUDIT, IT WAS DETERMINED THAT PREVIOUSLY PRESENTED ENDOWMENTS WERE NOT ACTUAL ENDOWMENTS. THE PRESENTATION ON SCHEDULE D, PART V, HAS BEEN UPDATED IN ACCORDANCE WITH THIS CHANGE. 1 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES CONFERENCE ATTENDANCE - LODGING AND TRAVEL 86308 0 0 0 0 0 0 86308 0 86308 CONFERENCE ATTENDANCE - LODGING AND REGISTRATION FEES CENTRAL AMERICA AND THE CARIBBEAN 75 86308 CASH PAYMENT 0 0 0 0 0 0 PART I, LINE 2: SCHOLARSHIP APPLICANTS FOR THE STS/EACTS LATIN AMERICA CARDIOVASCULAR SURGERY CONFERENCE SUBMITTED APPLICATIONS THROUGH TSF'S ONLINE PORTAL. APPLICANTS ANSWERED QUESTIONS RELATED TO DEMOGRAPHICS, THE NUMBER OF UNDERSERVED PATIENTS THAT THEY TREAT ANNUALLY, THE IMPACT THAT THE CONFERENCE MIGHT HAVE ON THEIR TREATMENT OF PATIENTS, THEIR FINANCIAL NEED FOR THE AWARD, AND THEIR TRAINING HISTORY AND CURRENT HOSPITAL/EMPLOYMENT SITUATION. ALL APPLICANTS ALSO PROVIDED A CURRENT CV. APPLICATIONS WERE REVIEWED BY STAFF AND SURGEON LEADERS WHO SELECTED AWARD RECIPIENTS BASED ON RELATIVE MERIT OF APPLICATIONS, USING CRITERIA ACCORDING TO FUNDING SOURCE. THE SCHOLARSHIPS COVERED HOTEL STAYS (PAID DIRECTLY TO THE HOTEL), REGISTRATION FEES, AND A TRAVEL STIPEND PROVIDED DIRECTLY TO THE AWARDEES ON-SITE IN THE FORM OF A VISA GIFT CARD. PART III ACCOUNTING METHOD: 1 VOOM FOUNDATION 130 W SUPERIOR ST SUITE 926 DULUTH MN 55802 582678884 501(C)(3) 35000 0 EVERY HEART BEAT MATTERS INDIANA UNIVERSITY 1024 E 3RD ST RM 132 BLOOMINGTON IN 47405 356001673 501(C)(3) 35000 0 EVERY HEART BEAT MATTERS REGENTS OF UNIVERSITY OF CAPE TOWN FUND INC 201 ALLEN ST UNIT 10019 NEW YORK NY 10002 133202349 501(C)(3) 35000 0 EVERY HEART BEAT MATTERS UNIVERSITY OF WASHINGTON 4300 ROOSEVELT WAY NE BOX 354965 SEATTLE WA 98105 916001537 501(C)(3) 35000 0 EVERY HEART BEAT MATTERS SALVANDO CORAZONES-PERUVIAN AMERICAN MEDICAL SOCIETY 3009 TOREADOR DR NE ALBUQUERQUE NM 87111 382824781 501(C)(3) 35000 0 EVERY HEART BEAT MATTERS REGENTS OF THE UNIVERSITY OF MINNESOTA NW 5957 PO BOX 1450 MINNEAPOLIS MN 554855957 416007513 501(C)(3) 35000 0 EVERY HEART BEAT MATTERS JOYCE FAMILY FOUNDATION 12037 W BONNIWELL ROAD MEQUON WI 53097 411797421 501(C)(3) 35000 0 EVERY HEART BEAT MATTERS 7 0 LEVI WATKINS FELLOWSHIP 1 5000 CAROLYN REED TRAVELING FELLOWSHIP 3 28500 MICHAEL DAVIDSON FELLOWSHIP 1 50000 SARNS TERUMO PERFUSION EDUCATION FELLOWSHIP AWARD 1 10000 TSF RESEARCH AWARD 8 620000 BRAUNWALAD RESEARCH AWARD 2 180000 STSA RESEARCH AWARD 1 40000 REPLOGLE TRAVELING FELLOWSHIP 2 17500 TSF INT'L MEDICAL VOL. EDWARDS AWARDS 9 22500 ALLEY SHERIDAN 3 7500 STS RESEARCH AWARD 1 100000 SAHA SCHOLARSHIP 5 750 NICHOLAS KOUCHOUKOS AWARD 2 16000 TSF UNDERREPRESENTED ROBOTIC GENERAL THORACIC SURGEON DEVELOPMENT AWARD 1 10000 EHM STRUCTURAL HEART DIVERSITY FELLOWSHIP 2 100000 THE THORACIC SURGERY FOUNDATION/FRANCIS FONTAN FUND INTERNATIONAL TRAVELING FELLOWSHIP 1 20000 VIVIEN THOMAS AWARD 1 10000 PART I, LINE 2: EACH 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 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. X 919 194116 INVESTMENT STATEMENT X EXHIBIT BOOTHS 1 9950 FAIR MARKET VALUE 0 1 1 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS COLUMN REPRESENTS THE NUMBER OF SHARES/ITEMS DONATED DURING THE YEAR. PART I, LINE 32B: FIDUCIENT ADVISORS MANAGE THE SALES OF NON-CASH CONTRIBUTIONS BASED ON THE DIRECTION OF TSF. SCHEDULE M, LINE 31: TSF WILL NOT ACCEPT GIFTS THAT ARE EXCESSIVELY RESTRICTIVE IN PURPOSE, GIFTS THAT ARE OVERLY DIFFICULT TO ADMINISTER, OR GIFTS THAT ARE FOR PURPOSES OUTSIDE THE MISSION OF TSF. ALL FINAL DECISIONS ON THE RESTRICTIVE NATURE OF A GIFT, AND ITS ACCEPTANCE OR REFUSAL, SHALL BE MADE BY THE TSF BOARD OF DIRECTORS. 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 A, LINE 4 DURING 2022, TSF UPDATED ITS BYLAWS. THESE CHANGES INVOLVED THE CREATION OF A RESIDENT DIRECTOR POSITION AND GIVING SECRETARY CERTAIN CONTRACTUAL AUTHORITY AT TIMES WHEN THE ORGANIZATION LACKED AN EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION B, LINE 11B 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 TSF 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 15 COMPENSATION OF THE EXECUTIVE DIRECTOR IS DETERMINED BY A RELATED ORGANIZATION, THE SOCIETY OF THORACIC SURGEONS OF CHICAGO. THE RELATED ORGANIZATION UTILIZES AN INDEPENDENT COMPENSATION CONSULTANT, AND COMPENSATION SURVEYS OR STUDIES, TO DETERMINE COMPENSATION OF THE EXECUTIVE DIRECTOR OF TSF. 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 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. FORM 990, PART VII, SECTION A - COMPENSATION: COMPENSATION REPORTED FOR PRISCILLA S. KENNEDY AND LEE WIENSCH, TSF'S FORMER AND CURRENT EXECUTIVE DIRECTOR, IS PAID BY A RELATED ORGANIZATION AND COMMON PAYMASTER, THE SOCIETY OF THORACIC SURGEONS (STS) EIN 36-3022713. SINCE ALL SERVICES PERFORMED BY THESE INDIVIDUALS WERE FOR THE THORACIC SURGERY FOUNDATION, THE COMPENSATION HAS BEEN REPORTED IN COLUMN D AS IF PAID BY THE FILING ORGANIZATION. STS HAS COMPLIED WITH PAYROLL FILING REQUIREMENTS. PRIOR PERIOD ADJUSTMENT: DURING THE 2022 YEAR END AUDIT, IT WAS DETERMINED THAT PREVIOUSLY PRESENTED ENDOWMENTS WERE NOT ACTUAL ENDOWMENTS. THE PRESENTATION ON SCHEDULE D, PART V, HAS BEEN UPDATED IN ACCORDANCE WITH THIS CHANGE. ADDITIONALLY, THE ACCOMPANYING FINANCIAL STATEMENTS FOR 2021 HAVE BEEN RESTATED TO PROPERLY PRESENT ACCUMULATED INVESTMENT EARNINGS AS BOARD-DESIGNATED RATHER THAN DONOR-RESTRICTED. THE PRESENTATION ON FORM 990, PART X, LINES 27 AND 28 HAVE BEEN UPDATED IN ACCORDANCE WITH THIS CHANGE. THE SOCIETY OF THORACIC SURGEONS 633 N SAINT CLAIR ST CHICAGO IL 60611 363022713 TO ENHANCE THE ABILITY OF CARDIOTHORACIC SURGEONS. IL 501(C)(6) 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 THE SOCIETY OF THORACIC SURGEONS C 710798 CASH PAID