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Nonprofiteer
← AMERICAN COLLEGE OF CHEST PHYSICIANS

Form 990 for tax year 2022

Filed by AMERICAN COLLEGE OF CHEST PHYSICIANS.

Totals

Total revenue
$34,618,086
Total expenses
$35,052,526
Contributions and grants received
$9,040,704
Grants paid
$15,300
Program service revenue
$18,259,396
Investment income
$284,480
Other revenue
$7,033,506
Total assets, end of year
$42,939,042
Total liabilities, end of year
$29,844,787
Net assets or fund balances, end of year
$13,094,255
Program services expenses (Part IX)
$30,874,639
Management and general expenses
$4,177,887
Fundraising expenses
$0
Program service expenses (Part III)
$30,874,639

Program services were 88.1% 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

    $9,040,704

  • 2a · Program service revenue: Education

    total $8,780,242 · related or exempt $8,780,242

  • 2b · Program service revenue: Publications

    total $4,401,050 · related or exempt $4,401,050

  • 2c · Program service revenue: Membership Dues

    total $2,990,067 · related or exempt $2,990,067

  • 2d · Program service revenue: Corporate Development

    total $2,088,037 · related or exempt $2,088,037

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $215,380 · excluded $215,380

  • 5 · Royalties

    total $6,844,546 · excluded $6,844,546

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $432,752

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

    securities $363,652

  • 7c · Gain or loss

    securities $69,100 · other assets $0

  • 7d · Net gain or loss

    total $69,100 · excluded $69,100

  • 11a · Other revenue: Hotel Rebates

    total $188,960 · excluded $188,960

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $188,960

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $15,300 · program services $15,300

  • 5 · Compensation of officers, directors and key employees

    total $2,592,439 · program services $2,141,340 · management and general $451,099

  • 7 · Other salaries and wages

    total $10,821,211 · program services $9,826,486 · management and general $994,725

  • 8 · Pension plan contributions

    total $544,723 · program services $490,251 · management and general $54,472

  • 9 · Other employee benefits

    total $1,082,873 · program services $974,586 · management and general $108,287

  • 10 · Payroll taxes

    total $877,433 · program services $789,690 · management and general $87,743

  • 11b · Fees: legal

    total $13,510 · management and general $13,510

  • 11c · Fees: accounting

    total $75,325 · management and general $75,325

  • 11f · Fees: investment management

    total $18,818 · management and general $18,818

  • 11g · Fees: other

    total $3,027,878 · program services $2,328,690 · management and general $699,188 · fundraising $0

  • 13 · Office expenses

    total $1,373,382 · program services $909,224 · management and general $464,158

  • 14 · Information technology

    total $1,857,743 · program services $1,671,969 · management and general $185,774

  • 16 · Occupancy

    total $1,177,677 · program services $1,059,909 · management and general $117,768

  • 17 · Travel

    total $1,436,298 · program services $1,218,030 · management and general $218,268

  • 19 · Conferences, conventions and meetings

    total $4,740,737 · program services $4,476,443 · management and general $264,294

  • 20 · Interest

    total $428,797 · program services $385,917 · management and general $42,880

  • 22 · Depreciation, depletion and amortization

    total $2,831,477 · program services $2,548,329 · management and general $283,148

  • 23 · Insurance

    total $109,022 · program services $56,100 · management and general $52,922

  • 24a · Other expenses: Publications Expense

    total $1,703,409 · program services $1,703,409

  • 24b · Other expenses: Educational Fees

    total $33,120 · program services $26,600 · management and general $6,520

  • 24c · Other expenses: Publications/Seminars

    total $93,024 · program services $78,626 · management and general $14,398

  • 24d · Other expenses: Dues to professional organizations

    total $70,394 · program services $45,804 · management and general $24,590

  • 24e · All other expenses

    total $127,936 · program services $127,936 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,378,206 · end of year $7,784,098

  • 2 · Savings and temporary cash investments

    beginning of year $8,830,060 · end of year $154,877

  • 3 · Pledges and grants receivable

    beginning of year $701,353 · end of year $1,078,572

  • 4 · Accounts receivable

    beginning of year $985,727 · end of year $1,253,577

  • 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

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,462,732 · end of year $1,382,259

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

    $42,035,856

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

    $19,190,549

  • 10c · Land, buildings and equipment, net

    beginning of year $24,930,011 · end of year $22,845,307

  • 11 · Investments: publicly traded securities

    beginning of year $909,400 · end of year $8,272,584

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $167,768

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,107,591 · end of year $2,364,827

  • 19 · Deferred revenue

    beginning of year $7,011,949 · end of year $7,035,987

  • 20 · Tax-exempt bond liabilities

    beginning of year $15,942,362 · end of year $15,540,389

  • 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

  • 24 · Unsecured notes and loans payable

    beginning of year $0

  • 25 · Other liabilities

    beginning of year $5,317,104 · end of year $4,903,584

  • 27 · Net assets without donor restrictions

    beginning of year $13,719,084 · end of year $12,292,727

  • 28 · Net assets with donor restrictions

    beginning of year $1,099,399 · end of year $801,528

Mission and programs · 2022

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 $23,465,754 · Grants $15,300 · Revenue $8,780,242

  • 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 $3,532,602 · Revenue $4,401,050

  • 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 $2,762,416 · Revenue $2,088,037

  • LEADERSHIP, NETWORKS, AND MEMBERSHIP: INTERDISCIPLINARY, FOCUSED-INTEREST GROUPS ARE ESTABLISHED TO PROVIDE THE OPPORTUNITY TO FORM A PROFESSIONAL ALLIANCE WITH OTHER MEMBERS OR GROUPS WHO SHARE SIMILAR EXPERTISE AND CONCERNS RELATIVE TO CLINICAL PRACTICE AND/OR COMMUNITY HEALTH ISSUES.

    Expenses $1,113,867 · Revenue $2,990,067

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • David A Schulman MD MPH FCCP

    President

    Total calculated
    $132,625
    From this org
    $132,625
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Doreen J Addrizzo-Harris MD FCCP

    President-Elect

    Total calculated
    $92,875
    From this org
    $92,875
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • John D Buckley MD FCCP

    President Designate

    Total calculated
    $3,875
    From this org
    $3,875
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Steven Q Simpson MD FCCP

    Immediate Past President

    Total calculated
    $50,000
    From this org
    $50,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Alexander S Niven MD

    Regent-At-Large

    Total calculated
    $0
    Hours/week
    1

  • Angel O Coz Yataco MD FCCP

    Chair, Council of Networks

    Total calculated
    $5,000
    From this org
    $5,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Douglas A Arenberg MD FCCP

    Regent-At-Large

    Total calculated
    $3,000
    From this org
    $3,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Ian T Nathanson MD FCCP

    Chest Foundation President

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • John A Howington 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 + 1 related

  • Michael E Nelson MD FCCP

    Regent-At-Large

    Total calculated
    $0
    Hours/week
    1

  • Neil S Freedman MD FCCP

    Regent-At-Large

    Total calculated
    $0
    Hours/week
    1

  • Nneka O Sederstrom PhD MA FCCP

    Regent-At-Large

    Total calculated
    $0
    Hours/week
    1

  • Robert DeMarco MD FCCP

    Chest Foundation President - Elect

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Sandhya Khurana MD FCCP

    Regent-At-Large

    Total calculated
    $9,075
    From this org
    $9,075
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Semra Bilaceroglu MD

    Chair, Executive Committee of the Council of Global Governors

    Total calculated
    $0
    Hours/week
    1

  • Vera A De Palo MD FCCP

    Regent-At-Large

    Total calculated
    $0
    Hours/week
    1

  • Victor J Test MD FCCP

    Regent-At-Large

    Total calculated
    $0
    Hours/week
    1

  • Robert Musacchio Phd

    Secretary/Executive Vice President & CEO

    Total calculated
    $519,732
    From this org
    $495,332
    From related orgs
    $0
    Other
    $24,400
    Hours/week
    40 + 3 related

    Schedule J breakdown matched by us

    Base
    $406,666
    Bonus
    $40,000
    Other
    $48,666
    Deferred
    $24,400
    Nontaxable benefits
    $0
    Filer's total
    $519,732

  • Stratton Davies CPA

    CFO

    Total calculated
    $347,188
    From this org
    $307,668
    From related orgs
    $0
    Other
    $39,520
    Hours/week
    40 + 3 related

    Schedule J breakdown matched by us

    Base
    $261,678
    Bonus
    $13,905
    Other
    $32,085
    Deferred
    $24,400
    Nontaxable benefits
    $15,120
    Filer's total
    $347,188

  • Debra Janiszewski

    Senior Vice President

    Total calculated
    $270,351
    From this org
    $250,318
    From related orgs
    $0
    Other
    $20,033
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $233,324
    Bonus
    $10,650
    Other
    $6,344
    Deferred
    $12,581
    Nontaxable benefits
    $7,452
    Filer's total
    $270,351

  • Jennifer Nemkovich

    Senior Vice President

    Total calculated
    $305,769
    From this org
    $288,077
    From related orgs
    $0
    Other
    $17,692
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $269,373
    Bonus
    $11,970
    Other
    $6,734
    Deferred
    $10,240
    Nontaxable benefits
    $7,452
    Filer's total
    $305,769

  • Nicki Augustyn

    Senior Vice President

    Total calculated
    $312,378
    From this org
    $283,376
    From related orgs
    $0
    Other
    $29,002
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $247,143
    Bonus
    $12,162
    Other
    $24,071
    Deferred
    $21,550
    Nontaxable benefits
    $7,452
    Filer's total
    $312,378

  • Richard Schuch

    Senior Vice President

    Total calculated
    $252,868
    From this org
    $222,186
    From related orgs
    $0
    Other
    $30,682
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $205,266
    Bonus
    $10,350
    Other
    $6,570
    Deferred
    $9,190
    Nontaxable benefits
    $21,492
    Filer's total
    $252,868

  • John Rather

    General counsel

    Total calculated
    $264,851
    From this org
    $252,582
    From related orgs
    $0
    Other
    $12,269
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $239,199
    Bonus
    $11,500
    Other
    $1,883
    Deferred
    $12,269
    Nontaxable benefits
    $0
    Filer's total
    $264,851

  • Jonathan Iaccarino

    Senior Director

    Total calculated
    $234,252
    From this org
    $223,182
    From related orgs
    $0
    Other
    $11,070
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $198,766
    Bonus
    $10,250
    Other
    $14,166
    Deferred
    $11,070
    Nontaxable benefits
    $0
    Filer's total
    $234,252

  • Manuel Alfaro

    Senior Director

    Total calculated
    $228,270
    From this org
    $196,330
    From related orgs
    $0
    Other
    $31,940
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $181,291
    Bonus
    $9,500
    Other
    $5,539
    Deferred
    $10,448
    Nontaxable benefits
    $21,492
    Filer's total
    $228,270

  • Robb Rabito

    Senior DIrector

    Total calculated
    $191,356
    From this org
    $168,737
    From related orgs
    $0
    Other
    $22,619
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $157,090
    Bonus
    $7,103
    Other
    $4,544
    Deferred
    $5,267
    Nontaxable benefits
    $17,352
    Filer's total
    $191,356

  • Suzanne Sletto

    Senior Director

    Total calculated
    $169,934
    From this org
    $155,336
    From related orgs
    $0
    Other
    $14,598
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $144,315
    Bonus
    $6,750
    Other
    $4,271
    Deferred
    $7,974
    Nontaxable benefits
    $6,624
    Filer's total
    $169,934

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 fees
The American College of Chest Physicians includes as taxable compensation any health 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

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.

  • THE CHEST FOUNDATION

    501(c)(3) · GRANTMAKING · IL · controlled entity

    Directly controlled by AMERICAN COLLEGE OF CHEST PHYSICIANS

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 · CREATE AND DELIVER EDUCATIONAL PROGRAMS · IL · 100% owned · share of assets $144,522 · controlled entity

    Directly controlled by AMERICAN COLLEGE OF CHEST PHYSICIANS

Provenance

Return type
form_990
Tax year
2022
Filed
1 November 2023
IRS schema version
2022v5.0
Source object
202303059349301750

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