Skip to content
Nonprofiteer
← THE THORACIC SURGERY FOUNDATION

Form 990 for tax year 2022

Filed by THE THORACIC SURGERY FOUNDATION.

Totals

Total revenue
$2,542,826
Total expenses
$1,621,236
Contributions and grants received
$2,586,991
Grants paid
$1,569,058
Program service revenue
$0
Investment income
-$44,165
Other revenue
$0
Total assets, end of year
$8,089,405
Total liabilities, end of year
$741,780
Net assets or fund balances, end of year
$7,347,625
Program services expenses (Part IX)
$1,516,980
Management and general expenses
$60,846
Fundraising expenses
$43,410
Program service expenses (Part III)
$1,516,980

Program services were 93.6% 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.

  • 1d · Related organizations

    $710,798

  • 1f · All other contributions, gifts and grants

    $1,876,193

  • 1g · Noncash contributions included above

    $204,066

  • 3 · Investment income

    total $129,471 · excluded $129,471

  • 7a · Gross sales of assets other than inventory

    securities $2,386,939

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

    securities $2,560,575

  • 7c · Gain or loss

    securities -$173,636

  • 7d · Net gain or loss

    total -$173,636 · excluded -$173,636

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $245,000 · program services $245,000

  • 2 · Grants to domestic individuals

    total $1,237,750 · program services $1,237,750

  • 3 · Grants to foreign organizations and individuals

    total $86,308 · program services $86,308

  • 11c · Fees: accounting

    total $17,035 · management and general $17,035

  • 11f · Fees: investment management

    total $27,404 · management and general $27,404

  • 13 · Office expenses

    total $9,421 · program services $204 · management and general $4,100 · fundraising $5,117

  • 17 · Travel

    total $6,658 · program services $2,197 · management and general $2,264 · fundraising $2,197

  • 19 · Conferences, conventions and meetings

    total $25,793 · fundraising $25,793

  • 24a · Other expenses: MISCELLANEOUS

    total $18,367 · program services $5,521 · management and general $2,543 · fundraising $10,303

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $7,500 · management and general $7,500

  • 24c · Other expenses: RETURNED GRANT AWARD

    total -$60,000 · program services -$60,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,929,452 · end of year $2,563,652

  • 2 · Savings and temporary cash investments

    beginning of year $89,212 · end of year $166,974

  • 3 · Pledges and grants receivable

    beginning of year $1,138,783 · end of year $1,317,262

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,319 · end of year $6,340

  • 11 · Investments: publicly traded securities

    beginning of year $4,555,513 · end of year $4,035,177

  • 17 · Accounts payable and accrued expenses

    beginning of year $34,661 · end of year $36,459

  • 18 · Grants payable

    beginning of year $502,970 · end of year $705,321

  • 19 · Deferred revenue

    beginning of year $2,700 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $4,199,602 · end of year $3,745,055

  • 28 · Net assets with donor restrictions

    beginning of year $2,976,346 · end of year $3,602,570

Mission and programs · 2022

Mission

THE MISSION OF TSF IS TO FOSTER THE DEVELOPMENT OF SURGEON SCIENTISTS IN CARDIOTHORACIC SURGERY; INCREASING KNOWLEDGE AND INNOVATION TO BENEFIT PATIENT CARE.

  • 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.

    Expenses $1,516,980 · Grants $1,569,058

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

Listed in Part VII

  • THOMAS E MACGILLIVRAY MD

    DIRECTOR

    Total calculated
    $1,000
    From this org
    $0
    From related orgs
    $1,000
    Other
    $0
    Hours/week
    4 + 3 related

  • VINOD H THOURANI MD

    DIRECTOR

    Total calculated
    $1,000
    From this org
    $0
    From related orgs
    $1,000
    Other
    $0
    Hours/week
    4 + 3 related

  • JOSEPH A DEARANI MD

    PRESIDENT

    Total calculated
    $0
    Hours/week
    12

  • VIRGINIA R LITLE MD

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    12

  • ANTHONY L ESTRERA MD

    TREASURER

    Total calculated
    $0
    Hours/week
    12

  • SCOTT A LEMAIRE MD

    SECRETARY

    Total calculated
    $0
    Hours/week
    12

  • JOSEPH E BAVARIA MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • EDWARD P CHEN MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • JUAN A CRESTANELLO MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • MELANIE A EDWARDS MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • SEAN C GRONDIN MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • LAUREN C KANE MD

    DIRECTOR - THRU 1/22

    Total calculated
    $0
    Hours/week
    4

  • JENNIFER S LAWTON MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • MEENA NATHAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • TOM C NGUYEN MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • LEE WIENSCH

    EXECUTIVE DIRECTOR - BEG 10/22

    Total calculated
    $32,170
    From this org
    $26,906
    From related orgs
    $0
    Other
    $5,264
    Hours/week
    40

  • PRISCILLA KENNEDY

    EXECUTIVE DIRECTOR - THRU 2/22

    Total calculated
    $32,375
    From this org
    $28,834
    From related orgs
    $0
    Other
    $3,541
    Hours/week
    40

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.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
7 August 2023
IRS schema version
2022v5.0
Source object
202302299349300140

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.