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Nonprofiteer
← AMERICAN COLLEGE OF CHEST PHYSICIANS

Form 990 for tax year 2023

Filed by AMERICAN COLLEGE OF CHEST PHYSICIANS.

Totals

Total revenue
$37,056,814
Total expenses
$38,478,210
Contributions and grants received
$8,077,979
Grants paid
$1,012,689
Program service revenue
$20,753,806
Investment income
$761,916
Other revenue
$7,463,113
Total assets, end of year
$59,257,285
Total liabilities, end of year
$26,095,784
Net assets or fund balances, end of year
$33,161,501
Program services expenses (Part IX)
$33,974,385
Management and general expenses
$4,273,731
Fundraising expenses
$230,094
Program service expenses (Part III)
$33,974,385

Program services were 88.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $8,077,979

  • 1g · Noncash contributions included above

    $24,584

  • 2a · Program service revenue: EDUCATION

    total $9,757,815 · related or exempt $9,757,815

  • 2b · Program service revenue: PUBLICATIONS

    total $4,584,714 · related or exempt $4,584,714

  • 2c · Program service revenue: MEMBERSHIP DUES

    total $3,279,891 · related or exempt $3,279,891

  • 2d · Program service revenue: CORPORATE DEVELOPMENT REVENUE

    total $3,131,386 · related or exempt $3,131,386

  • 3 · Investment income

    total $925,054 · excluded $925,054

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $6,359,685 · excluded $6,359,685

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $1,714,587

  • 7b · Less cost or other basis and sales expenses

    securities $1,877,725

  • 7c · Gain or loss

    securities -$163,138

  • 7d · Net gain or loss

    total -$163,138 · excluded -$163,138

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $193,636

  • 9b · Gaming: direct expenses

    $113,806

  • 9c · Net income from gaming

    total $79,830 · excluded $79,830

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: INSURANCE PROCEEDS

    total $490,000 · excluded $490,000

  • 11b · Other revenue: HOTEL REBATES

    total $500,087 · excluded $500,087

  • 11c · Other revenue: OTHER INCOME

    total $33,511 · excluded $33,511

  • 11e · Other revenue, total

    $1,023,598

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $957,189 · program services $957,189

  • 2 · Grants to domestic individuals

    total $1,500 · program services $1,500

  • 3 · Grants to foreign organizations and individuals

    total $54,000 · program services $54,000

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $2,773,298 · program services $2,338,631 · management and general $434,667 · fundraising $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $10,574,918 · program services $9,589,277 · management and general $931,322 · fundraising $54,319

  • 8 · Pension plan contributions

    total $549,954 · program services $494,959 · management and general $54,995 · fundraising $0

  • 9 · Other employee benefits

    total $1,636,648 · program services $1,472,983 · management and general $163,665 · fundraising $0

  • 10 · Payroll taxes

    total $982,964 · program services $884,668 · management and general $98,296 · fundraising $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $49,785 · program services $0 · management and general $46,772 · fundraising $3,013

  • 11c · Fees: accounting

    total $83,929 · program services $0 · management and general $74,333 · fundraising $9,596

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $47,045 · program services $0 · management and general $47,045 · fundraising $0

  • 11g · Fees: other

    total $3,073,223 · program services $2,310,124 · management and general $687,299 · fundraising $75,800

  • 12 · Advertising and promotion

    total $337,804 · program services $309,448 · management and general $22,449 · fundraising $5,907

  • 13 · Office expenses

    total $1,421,034 · program services $938,445 · management and general $466,738 · fundraising $15,851

  • 14 · Information technology

    total $1,970,977 · program services $1,948,704 · management and general $19,719 · fundraising $2,554

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $1,270,136 · program services $1,265,320 · management and general $2,180 · fundraising $2,636

  • 17 · Travel

    total $1,936,015 · program services $1,419,335 · management and general $480,969 · fundraising $35,711

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $5,367,397 · program services $5,049,584 · management and general $297,883 · fundraising $19,930

  • 20 · Interest

    total $637,697 · program services $573,927 · management and general $63,770 · fundraising $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $2,208,558 · program services $1,987,702 · management and general $220,856 · fundraising $0

  • 23 · Insurance

    total $171,708 · program services $114,396 · management and general $56,956 · fundraising $356

  • 24a · Other expenses: PUBLICATIONS EXPENSE

    total $2,084,083 · program services $2,084,083 · management and general $0 · fundraising $0

  • 24b · Other expenses: EDUCATIONAL FEES

    total $93,107 · program services $67,040 · management and general $25,871 · fundraising $196

  • 24c · Other expenses: PUBLICATIONS/SUBSCIPTIONS

    total $12,947 · program services $7,951 · management and general $2,952 · fundraising $2,044

  • 24d · Other expenses: DUES TO PROFESSIONAL ORG.

    total $102,983 · program services $25,934 · management and general $74,994 · fundraising $2,055

  • 24e · All other expenses

    total $79,311 · program services $79,185 · fundraising $126

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,784,098 · end of year $9,545,944

  • 2 · Savings and temporary cash investments

    beginning of year $154,877 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $1,078,572 · end of year $1,304,298

  • 4 · Accounts receivable

    beginning of year $1,253,577 · end of year $1,375,947

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,382,259 · end of year $1,401,779

  • 10a · Land, buildings and equipment: cost or other basis

    $42,848,889

  • 10b · Land, buildings and equipment: accumulated depreciation

    $21,344,897

  • 10c · Land, buildings and equipment, net

    beginning of year $22,845,307 · end of year $21,503,992

  • 11 · Investments: publicly traded securities

    beginning of year $8,272,584 · end of year $24,013,424

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $167,768 · end of year $111,901

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,364,827 · end of year $4,905,656

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $7,035,987 · end of year $6,023,996

  • 20 · Tax-exempt bond liabilities

    beginning of year $15,540,389 · end of year $15,166,132

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $4,903,584 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $12,292,727 · end of year $28,453,927

  • 28 · Net assets with donor restrictions

    beginning of year $801,528 · end of year $4,707,574

Mission and programs · 2023

Mission

TO CHAMPION THE PREVENTION, DIAGNOSIS, AND TREATMENT OF CHEST DISEASES THROUGH EDUCATION, COMMUNICATION, AND RESEARCH.

Activities or mission (Part I)

TO PROMOTE THE PREVENTION, DIAGNOSIS, AND TREATMENT OF CHEST DISEASES THROUGH EDUCATION, COMMUNICATION, AND RESEARCH.

  • EDUCATION: THE ANNUAL CHEST MEETING AND OTHER CONTINUING MEDICAL EDUCATION ACTIVITIES ARE CONDUCTED TO UPDATE CLINICIANS ON PATIENT CARE STRATEGIES, PREPARE FOR SUBSPECIALTY EXAMINATIONS, ESTABLISH PRACTICE STANDARDS, PREVIEW INVESTIGATIVE RESEARCH AND NEW SCIENCE, AND PROVIDE NETWORKING AND CAREER ADVANCEMENT OPPORTUNITIES.

    Expenses $23,707,469 · Revenue $9,757,815

  • PUBLICATIONS: THE AMERICAN COLLEGE OF CHEST PHYSICIANS (COLLEGE) PUBLISHES A MONTHLY JOURNAL: CHEST. 28,000 READERS WORLDWIDE SUBSCRIBE TO KEEP UP-TO-DATE ON CHEST-RELATED MEDICINE. IN ADDITION, THE COLLEGE PUBLISHES A NUMBER OF BOOKS IN THE FIELD OF CHEST MEDICINE.

    Expenses $5,135,165 · Revenue $4,584,714

  • CORPORATE DEVELOPMENT: THE AMERICAN COLLEGE OF CHEST PHYSICIANS ALSO ENGAGES IN VARIOUS OTHER EDUCATIONAL PROGRAMMING TO PROVIDE TRAINING IN THE AREA OF PULMONARY CARE.

    Expenses $2,742,453 · Revenue $3,131,386

  • LEADERSHIP, NETWORKS, AND MEMBERSHIP

    Expenses $747,671 · Revenue $3,279,891

  • Philanthropy

    Expenses $1,641,627

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Robert Musacchio PhD

    Secretary/Executive VP & CEO

    Total calculated
    $574,243
    From this org
    $547,843
    From related orgs
    $0
    Other
    $26,400
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $478,569
    Bonus
    $33,000
    Other
    $36,274
    Deferred
    $26,400
    Nontaxable benefits
    not reported
    Filer's total
    $574,243

  • Stratton Davies CPA

    Senior VP & CFO

    Total calculated
    $375,466
    From this org
    $332,938
    From related orgs
    $0
    Other
    $42,528
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $288,239
    Bonus
    $21,692
    Other
    $23,007
    Deferred
    $26,400
    Nontaxable benefits
    $16,128
    Filer's total
    $375,466

  • Nicki Augustyn

    Senior VP

    Total calculated
    $339,282
    From this org
    $308,196
    From related orgs
    $0
    Other
    $31,086
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $272,405
    Bonus
    $20,249
    Other
    $15,542
    Deferred
    $23,418
    Nontaxable benefits
    $7,668
    Filer's total
    $339,282

  • Jennifer Nemkovich

    Senior VP

    Total calculated
    $333,463
    From this org
    $314,651
    From related orgs
    $0
    Other
    $18,812
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $278,385
    Bonus
    $20,648
    Other
    $15,618
    Deferred
    $11,144
    Nontaxable benefits
    $7,668
    Filer's total
    $333,463

  • Debra Janiszewski

    Senior VP

    Total calculated
    $294,143
    From this org
    $272,803
    From related orgs
    $0
    Other
    $21,340
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $240,337
    Bonus
    $17,732
    Other
    $14,734
    Deferred
    $13,672
    Nontaxable benefits
    $7,668
    Filer's total
    $294,143

  • John Rather

    General Counsel

    Total calculated
    $278,640
    From this org
    $266,226
    From related orgs
    $0
    Other
    $12,414
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $246,375
    Bonus
    $17,940
    Other
    $1,911
    Deferred
    $12,414
    Nontaxable benefits
    not reported
    Filer's total
    $278,640

  • Richard Schuch

    Senior VP

    Total calculated
    $274,194
    From this org
    $241,879
    From related orgs
    $0
    Other
    $32,315
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $211,236
    Bonus
    $16,146
    Other
    $14,497
    Deferred
    $9,959
    Nontaxable benefits
    $22,356
    Filer's total
    $274,194

  • Jonathan Iaccarino

    Senior Director

    Total calculated
    $245,623
    From this org
    $234,012
    From related orgs
    $0
    Other
    $11,611
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $217,484
    Bonus
    $10,557
    Other
    $5,971
    Deferred
    $11,611
    Nontaxable benefits
    not reported
    Filer's total
    $245,623

  • Manuel Alfaro

    Senior Director

    Total calculated
    $237,974
    From this org
    $204,740
    From related orgs
    $0
    Other
    $33,234
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $186,737
    Bonus
    $9,785
    Other
    $8,218
    Deferred
    $10,878
    Nontaxable benefits
    $22,356
    Filer's total
    $237,974

  • Suzanne Sletto Distel

    VP Org Affairs

    Total calculated
    $207,029
    From this org
    $190,375
    From related orgs
    $0
    Other
    $16,654
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $181,688
    Bonus
    $7,493
    Other
    $1,194
    Deferred
    $9,742
    Nontaxable benefits
    $6,912
    Filer's total
    $207,029

  • Tracy Lucitt

    Senior Director

    Total calculated
    $193,610
    From this org
    $184,342
    From related orgs
    $0
    Other
    $9,268
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $177,450
    Bonus
    $5,104
    Other
    $1,788
    Deferred
    $9,268
    Nontaxable benefits
    not reported
    Filer's total
    $193,610

  • Doreen J Addrizzo-Harris MD FCCP

    President

    Total calculated
    $110,875
    From this org
    $110,875
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • David A Schulman MD MPH

    Immediate Past President

    Total calculated
    $39,300
    From this org
    $39,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Jack D Buckley MD MPH FCCP

    President-Elect

    Total calculated
    $36,600
    From this org
    $36,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Victor J Test MD FCCP

    Regent-At-Large

    Total calculated
    $16,600
    From this org
    $16,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Sandhya Khurana MD FCCP

    Regent-At-Large

    Total calculated
    $13,150
    From this org
    $13,150
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Christopher L Carroll MD

    Regent-At-Large

    Total calculated
    $10,000
    From this org
    $10,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Angel Coz MD FCCP

    Regent-At-Large

    Total calculated
    $7,800
    From this org
    $7,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Neil S Freedman MD FCCP

    Regent-At-Large

    Total calculated
    $5,400
    From this org
    $5,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Douglas A Arenberg MD FCCP

    Regent-At-Large

    Total calculated
    $4,000
    From this org
    $4,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Aneesa M Das MD FCCP

    Regent-At-Large

    Total calculated
    $1,800
    From this org
    $1,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • John A Howington MD FCCP

    President-Designate

    Total calculated
    $0
    Hours/week
    1

  • Kevin M Chan MD FCCP

    Regent-At-Large

    Total calculated
    $0
    Hours/week
    1

  • Vera A De Palo MD FCCP

    Regent-At-Large

    Total calculated
    $0
    Hours/week
    1

  • Lisa K Moores MD FCCP

    Regent-At-Large

    Total calculated
    $0
    Hours/week
    1

  • Michael E Nelson MD FCCP

    Regent-At-Large

    Total calculated
    $0
    Hours/week
    1

  • Alexander S Niven MD FCCP

    Regent-At-Large

    Total calculated
    $0
    Hours/week
    1

  • Nneka O Sederstrom PhD MA

    Regent-At-Large

    Total calculated
    $0
    Hours/week
    1

  • Robert De Marco MD FCCP

    Foundation Chair

    Total calculated
    $0
    Hours/week
    1

  • Cassie C Kennedy MD FCCP

    Networks Chair

    Total calculated
    $0
    Hours/week
    1

  • Semra Bilaceroglu MD FCCP

    Global Governors Chair

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 1A - HEALTH OR SOCIAL CLUB DUES OR INITIATION FEE
THE AMERICAN COLLEGE OF CHEST PHYSICIANS INCLUDES AS TAXABLE COMPENSATION ANY HEALTH CLUB OR SOCIAL CLUB DUES PAID ON BEHALF OF BOTH INTERESTED AND NON INTERESTED PERSONS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • ACCP ENTERPRISES INC

    C CORPORATION · EDUCATIONAL PROGR · IL · 100% owned · share of assets $144,522 · controlled entity

    Directly controlled by ACCP

Provenance

Return type
form_990
Tax year
2023
Filed
1 September 2024
IRS schema version
2023v5.1
Source object
202433109349303443

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