Cardiothoracic Surgery Research Foundation
- Assets
- $476.8k
- Revenue
- $13.4k
- Investments
- $393.8k
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 11/2009
- Data as of
- 12/2023
- EIN
- 26-3109983
Organization Overview
Cardiothoracic Surgery Research Foundation is located in Louisville, KY. The organization was established in 2009. According to its NTEE Classification (U20) the organization is classified as: General Science, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cardiothoracic Surgery Research Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Cardiothoracic Surgery Research Foundation generated $13.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (19.0%) each year. All expenses for the organization totaled $25.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION WAS FORMED TO PROMOTE AND SUPPORT CARDIOVASCULAR AND THORACIC SURGERY EDUCATION ALONG WITH CLINICAL AND BASIC SCIENCE RESEARCH FOR PHYSICIANS, SCIENTISTS, NURSES AND OTHER MEDICAL PERSONNEL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CARDIOTHORACIC SURGERY RESEARCH FOUNDATION HOSTED THE ANNUAL LAMAN GRAY LECTURE IN 2022 THAT SERVED AS OUR DEPARTMENT'S ANNUAL GRAND ROUNDS. CONTINUED MEDICAL EDUCATION IS OFFERED TO FACULTY AND ATTENDANCE BY CURRENT GENERAL SURGERY RESIDENTS AND CARDIOTHORACIC SURGERY FELLOWS IS MANDATORY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark S Slaughter President | 1 | $0 | |
Martha W Slaughter Secretary | 1 | $0 | |
Jack Slaughter Director | 1 | $0 | |
Katherine Slaughter Director | 1 | $0 | |
Ian Slaughter Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $11 |
| Interest on Savings | $0 |
| Dividends & Interest | $13,663 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$278 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $13,396 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $51 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $5,089 |
| Printing and publications | $0 |
| Other expenses | $1,931 |
| Total operating and administrative expenses | $14,511 |
| Contributions, gifts, grants paid | $11,000 |
| Total expenses and disbursements | $25,511 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,003 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $374,571 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $476,829 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Cardiothoracic Surgery Research Foundation has awarded $11,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SPEED ART MUSEUM PURPOSE: GENERAL OPERATING | $10,000 |
BERNMHEIM ARBORETUM & RESEARCH FOREST PURPOSE: GENERAL OPERATING | $1,000 |