2024-11-11T07:58:39-06:00 2023-12-31 381357951 PLANTE & MORAN PLLC 10 S RIVERSIDE PLAZA 9TH FLOOR CHICAGO IL 60606 990 2023-01-01 363635910 THE THORACIC SURGERY FOUNDATION THOR 3122025815 633 N ST CLAIR SUITE 2100 CHICAGO IL 60611 ANTHONY ESTRERA MD TREASURER 3122025815 2024-10-28 1 1 DAVID LOWENTHAL P00378651 3122071040 2024-10-28 2023 2024-10-15 13:58:12Z ANTHONY ESTRERA MD 633 N ST CLAIR SUITE 2100 CHICAGO IL 60611 3523879 0 X WWW.THORACICSURGERYFOUNDATION.ORG X 1988 IL THE MISSION OF TSF IS TO ADVANCE HEART AND LUNG HEALTH FOR ALL. 15 15 0 107 0 0 2586991 2733055 0 0 -44165 172461 0 0 2542826 2905516 1569058 3200406 0 0 0 0 0 0 65791 52178 105065 1621236 3305471 921590 -399955 8089405 9926161 741780 2419774 7347625 7506387 X THE MISSION OF TSF IS TO ADVANCE HEART AND LUNG HEALTH FOR ALL. 0 0 2077085 2100000 18 RESEARCH AWARDS TO FUND CLINICAL, APPLIED, AND DATA-FOCUSED RESEARCH IN ALL DISCIPLINES OF THE CARDIOTHORACIC SURGERY SPECIALTY. MOST AWARDS ARE GRANTED FOR A TWO-YEAR TERM, AND ARE SUBJECT TO A RIGOROUS, NIH-STYLE REVIEW AND SELECTION PROCESS ADMINISTERED BY EXPERT SURGEON SCIENTISTS, 372927 361494 42 EDUCATION AWARDS TO PROVIDE SHORT-TERM TRAVELING FELLOWSHIP EXPERIENCES FOR SURGEONS IN ALL DISCIPLINES OF THE CARDIOTHORACIC SURGERY SPECIALTY TO LEARN A SPECIFIC SURGICAL TECHNIQUE FROM AN EXPERT IN THE FIELD. AWARDEES THEN BRING NEW EXPERTISE TO THEIR HOME INSTITUTIONS TO IMPROVE THE CARE OF PATIENTS IN THEIR REGION. 670732 711412 26 SURGICAL OUTREACH AWARDS TO PROVIDE FUNDING FOR SURGICAL OUTREACH AND TRAINING IN UNDERSERVED AREAS OF THE WORLD. THE AWARDS FUND TRIPS FOR FULL SURGICAL TEAMS AND FOR INDIVIDUAL INTERNATIONAL MEDICAL VOLUNTEERS AND ARE FOCUSED PRIMARILY ON THE TREATMENT OF RHEUMATIC HEART DISEASE AND CONGENITAL ISSUES WORLDWIDE 29932 27500 5 INNOVATION AWARDS TO ENCOURAGE BREAKTHROUGHS IN SURGICAL TECHNIQUES, NOVEL PRODUCT DEVELOPMENT, PROCESS INNOVATIONS THAT IMPROVE PATIENT CARE, INNOVATIONS THAT PROMOTE SUSTAINABILITY IN THE SPECIALTY, OR ADVANCED TRAINING FOR SURGEONS IN THE AREAS OF ENTREPRENEURSHIP, ARTIFICIAL INTELLIGENCE, AND INNOVATION. 29932 27500 3150676 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 24 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 1 1 0 0 1 1 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 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 JUAN A CRESTANELLO MD SECRETARY 12.00 0.00 X X 0 0 0 ANTHONY L ESTRERA MD TREASURER 12.00 2.00 X X 0 0 0 GORAV AILAWADI MD DIRECTOR 4.00 0.00 X 0 0 0 EDWARD P CHEN MD DIRECTOR 4.00 0.00 X 0 0 0 CAROLYN A DUBEAU MD DIRECTOR 4.00 0.00 X 0 0 0 MELANIE A EDWARDS MD DIRECTOR 4.00 0.00 X 0 0 0 KAREN M KIM MD DIRECTOR 4.00 0.00 X 0 0 0 SCOTT A LEMAIRE MD DIRECTOR 4.00 0.00 X 0 0 0 THOMAS E MACGILLIVRAY MD DIRECTOR 4.00 12.00 X 0 8000 0 MEENA NATHAN MD DIRECTOR 4.00 0.00 X 0 0 0 TOM C NGUYEN MD DIRECTOR 4.00 0.00 X 0 0 0 VINOD H THOURANI MD DIRECTOR 4.00 3.00 X 0 1000 0 ELAINE E TSENG MD DIRECTOR 4.00 0.00 X 0 0 0 JENNIFER LAWTON MD DIRECTOR - THRU 1/23 4.00 0.00 X 0 0 0 JOSEPH E BAVARIA MD DIRECTOR - THRU 1/23 4.00 0.00 X 0 0 0 LEE WIENSCH EXECUTIVE DIRECTOR 40.00 0.00 X 155733 0 47333 155733 9000 47333 1 0 1 0 0 387833 2345222 13860 2733055 141976 141976 648848 618363 30485 30485 30485 2905516 0 0 172461 653300 653300 2068006 2068006 479100 479100 24500 24500 29720 29720 27092 12580 2357 12155 13545 8855 2345 2345 48560 21973 11393 15194 165 165 VIDEO PRODUCTION 27500 27500 BAD DEBT EXPENSE 14000 14000 MISCELLANEOUS 13985 699 4689 8597 RETURNED GRANT AWARD -94002 -94002 3305471 3150676 89004 65791 2563652 3291027 166974 131851 1317262 1060131 6340 4919 1100 165 0 935 4035177 5437298 8089405 9926161 36459 91801 705321 2327973 741780 2419774 X 3745055 4335411 3602570 3170976 7347625 7506387 8089405 9926161 -399955 558717 0 X 0 1 X 1 0 X 1749179 1347926 2974577 2586991 2733055 11391728 1749179 1347926 2974577 2586991 2733055 11391728 642647 883239 395509 915898 468004 3305297 0 642647 883239 395509 915898 468004 3305297 8086431 71482 71717 119712 129471 141976 534358 71482 71717 119712 129471 141976 534358 1820661 1419643 3094289 2716462 2875031 11926086 0.67800 0.62030 0.04480 0.04300 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1100 165 935 935 3852513 558717 418000 976717 2875796 29720 29720 2905516 3693751 418000 418000 3275751 29720 29720 3305471 1 SOUTH AMERICA 0 0 PROGRAM SERVICES SURGICAL OUTREACH GRANTS, AND CONFERENCE ATTENDANCE, LODGING AND TRAVEL 24000 NORTH AMERICA 0 0 PROGRAM SERVICES RESEARCH AND EDUCATIONAL GRANTS 361000 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES EDUCATIONAL GRANTS 10000 SOUTH ASIA 0 0 PROGRAM SERVICES EDUCATIONAL GRANTS 15000 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES SURGICAL OUTREACH AND EDUCATIONAL GRANTS 35800 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES SURGICAL OUTREACH AND EDUCATIONAL GRANTS 33300 0 0 0 0 0 0 479100 0 479100 SUB-SAHARAN AFRICA SURGICAL OUTREACH GRANT 23300 0 1 0 SURGICAL OUTREACH GRANTS, AND CONFERENCE ATTENDANCE, LODGING AND TRAVEL SOUTH AMERICA 9 24000 CASH PAYMENT RESEARCH AND EDUCATIONAL GRANTS NORTH AMERICA 4 361000 CASH PAYMENT EDUCATIONAL GRANT MIDDLE EAST AND NORTH AFRICA 1 10000 CASH PAYMENT EDUCATIONAL GRANTS SOUTH ASIA 2 15000 CASH PAYMENT SURGICAL OUTREACH AND EDUCATIONAL GRANTS SUB-SAHARAN AFRICA 2 12500 CASH PAYMENT SURGICAL OUTREACH AND EDUCATIONAL GRANTS EUROPE (INCLUDING ICELAND & GREENLAND) 2 33300 CASH PAYMENT 0 0 0 0 0 0 PART I, LINE 2: TSF REQUIRES INTERIM REPORTING FROM ALL AWARDEES, INCLUDING THOSE FROM OUTSIDE THE UNITED STATES. AT INTERVALS DURING THE AWARD TERM, AWARDEES MUST SUBMIT A WRITTEN UPDATE ON RESEARCH OR FELLOWSHIP PROGRESS, AIMS ACHIEVED OR IN PROCESS, OBSTACLES ENCOUNTERED, AND A BUDGET UPDATE THAT DESCRIBES USE OF AWARDED FUNDS. THESE REPORTS ARE REVIEWED BY TSF STAFF AND LEADERSHIP TO MONITOR THE APPROPRIATE USE OF GRANTS AND TO ENSURE THAT GRANTEE ACTIVITIES ALIGN WITH THE ORGANIZATION'S MISSION. 1 DIVINE WILL FOUNDATION PO BOX 235795 ENCINITAS CA 92024 463820097 501(C)(3) 35000 0 EVERY HEART BEAT MATTERS DUKE UNIVERSITY ACCOUNTS RECEIVABLE LOCKBOX PO BOX 602651 CHARLOTTE NC 282602651 560532129 501(C)(3) 105000 0 EVERY HEART BEAT MATTERS INDIANA UNIVERSITY HEALTH FOUNDATION INC 1633 N CAPITOL AVE SUITE 1200 INDIANAPOLIS IN 46202 366043086 501(C)(3) 35000 0 EVERY HEART BEAT MATTERS PERUVIAN AMERICAN MEDICAL SOCIETY 3009 TOREADOR DR NE ALBUQUERQUE NM 87111 382824781 501(C)(3) 70000 0 EVERY HEART BEAT MATTERS REGENTS OF THE UNIVERSITY OF MINNESOTA NW 5957 PO BOX 1450 MINNEAPOLIS MN 554855957 416007513 501(C)(3) 70000 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) 70000 0 EVERY HEART BEAT MATTERS THE UNIVERSITY OF TEXAS AT AUSTIN 110 INNER CAMPUS DR MS K5300 AUSTIN TX 78712 746000203 501(C)(3) 70000 0 EVERY HEART BEAT MATTERS UNIVERSITY OF WASHINGTON 12455 COLLECTIONS DR CHICAGO IL 60693 916001537 501(C)(3) 70000 0 EVERY HEART BEAT MATTERS VOOM FOUNDATION 1602 ROCK PRAIRIE RD SUITE 130 A COLLEGE STATION TX 77845 582678884 501(C)(3) 93300 0 EVERY HEART BEAT MATTERS WILLIAM NOVICK GLOBAL CARDIAC ALLIANCE 1750 MADISON AVE STE 500 MEMPHIS TN 38104 472184002 501(C)(3) 35000 0 EVERY HEART BEAT MATTERS 10 0 LEVI WATKINS FELLOWSHIP 1 5000 CAROLYN REED TRAVELING FELLOWSHIP 2 17500 MICHAEL DAVIDSON FELLOWSHIP 2 67500 TSF RESEARCH 4 580000 LUNG CANER RESEARCH AWARD 2 200000 AZ MINORITY HEALTH RESEARCH 2 200000 EVERY HEARTBEAT MATTERS 1 1512 BRAUNWALAD RESEARCH AWARD 3 400000 STSA RESEARCH AWARD 2 160000 REPLOGLE TRAVELING FELLOWSHIP 1 10000 ALLEY SHERIDAN 1 2500 STS RESEARCH AWARD 1 180000 SAHA SCHOLARSHIP 8 15845 STS CORONARY CONFERENCE RESIDENT SCHOLARSHIP 5 8149 NICHOLAS KOUCHOUKOS AWARD 3 16000 TSF UNDERREPRESENTED ROBOTIC GENERAL THORACIC SURGEON DEVELOPMENT AWARD 3 30000 THE THORACIC SURGERY FOUNDATION/FRANCIS FONTAN FUND INTERNATIONAL TRAVELING FELLOWSHIP 2 40000 VIVIEN THOMAS AWARD 1 10000 EXTRAORDINARY WOMEN IN CT SURGERY 3 15000 DOUGLAS MATHISEN TRAVELING FELLOWSHIP 1 20000 ROBOTIC CARDIAC FELLOWSHIP 1 9000 STS DATABASE CLINICAL RESEARCH 1 80000 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. 1 0 0 0 0 0 0 0 0 0 LEE WIENSCH EXECUTIVE DIRECTOR 152911 0 2822 0 0 0 14484 0 32849 0 203066 0 0 0 PART I, LINE 3 THE SOCIETY OF THORACIC SURGEONS IS RESPONSIBLE FOR ALL COMPENSATION AND BENEFIT MATTERS. THE SOCIETY ANNUALLY PARTICIPATES IN AN INDUSTRY SPECIFIC EXECUTIVE COMPENSATION SURVEY. THE RESULTS OF THIS SURVEY ARE REVIEWED BY MANAGEMENT AND THE BOARD OF DIRECTORS. IN ADDITION THE BOARD OF DIRECTORS REGULARLY ENGAGES AN EXTERNAL COMPENSATION CONSULTING FIRM TO ASSIST IN ITS REVIEW OF THE LEVEL OF COMPENSATION, INCENTIVES AND BENEFITS FOR SENIOR EXECUTIVES AND KEY EMPLOYEES. ANNUALLY, THE SOCIETY'S STAFF AND/OR THE BOARD OF DIRECTORS PREPARES PERFORMANCE REVIEWS FOR ALL SENIOR MANAGERS AND KEY EMPLOYEES AND MAKES A RECOMMENDATION REGARDING COMPENSATION, INCENTIVES AND BENEFITS ADJUSTMENTS. THE BOARD OF DIRECTORS CONSIDERS THE PERFORMANCE RECOMMENDATION, COMPARISONS OF TOTAL COMPENSATION BY EXECUTIVE TO MARKET COMPENSATION PERCENTILE FOR INDUSTRY EXECUTIVES WITH SIMILAR JOB TITLES AND/OR SKILL SETS, AND ORGANIZATIONAL NEEDS. A RECOMMENDATION REGARDING COMPENSATION AND BENEFITS CHANGES FOR SENIOR MANAGEMENT IS MADE, WHICH IS APPROVED ANNUALLY BY THE FULL BOARD OF DIRECTORS WITHIN THE BUDGET PROCESS. THE BOARD OF DIRECTORS PROCEEDINGS ARE CONTEMPORANEOUSLY DOCUMENTED AND MINUTES ARE MAINTAINED. 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 2023, TSF REVISED ITS BYLAWS. THESE REVISIONS WERE AS FOLLOWS: 1. TO UPDATE THE ORGANIZATION'S MISSION STATEMENT 2. TO EXTEND OFFICER TERMS FROM TWO YEARS TO THREE YEARS WITH STAGGERED TERMS AND ADJUST THE MINIMUM AND MAXIMUM NUMBER OF SEATS ON THE TSF BOARD TO COMPLY WITH ILLINOIS STATE REQUIREMENTS ALLOWING A RANGE OF NO MORE THAN FIVE SEATS. FORM 990, PART VI, SECTION A, LINE 7A THE SOCIETY OF THORACIC SURGEONS OF CHICAGO, A RELATED ORGANIZATION, IS RESPONSIBLE FOR THE APPROVAL OF BYLAW CHANGES AS WELL AS APPROVAL AND APPOINTMENT OF OFFICERS AND BOARD MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B THE SOCIETY OF THORACIC SURGEONS OF CHICAGO, A RELATED ORGANIZATION, IS RESPONSIBLE FOR THE APPROVAL OF BYLAW CHANGES AS WELL AS APPROVAL AND APPOINTMENT OF OFFICERS AND BOARD MEMBERS. 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 LEE WIENSCH, TSF'S 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 THIS INDIVIDUAL ARE 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. 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 1 1 1 1 1 0 0 1 THE SOCIETY OF THORACIC SURGEONS C 387833 CASH PAID