Southern Thoracic Surgical Association Inc
- Assets
- $2.7m
- Revenue
- $220.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 11/1982
- Data as of
- 12/2022
- EIN
- 36-3181838
Organization Overview
Southern Thoracic Surgical Association Inc is located in Chicago, IL. The organization was established in 1982. According to its NTEE Classification (G9B) the organization is classified as: Surgical Specialties, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southern Thoracic Surgical Association Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Southern Thoracic Surgical Association Inc generated $220.0k 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 (14.9%) each year. All expenses for the organization totaled $547.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE PATIENT CARE, STRENGTHEN OUR CARDIOTHORACIC SURGERY COMMUNITY, AND ENGAGE OUR FAMILIES BY FOSTERING A CULTURE OF COLLEGIALITY AND LIFE BALANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL MEETINGS AND EDUCATIONAL OPPORTUNITIES FOR MEMBERS TO GATHER AND DISCUSS NEW DEVELOPMENTS IN THE FIELD OF CARDIOTHORACIC AND CARDIOVASCULAR SURGERY AND SHARE IDEAS FOR IMPROVEMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel L Miller MD President | OfficerTrustee | 3 | $0 |
Vinod H Thourani MD Council Chair | OfficerTrustee | 0.5 | $0 |
Jeffrey P Jacobs MD Past Council Chair | OfficerTrustee | 0.5 | $0 |
Stephen C Yang MD Vice President/ President-Elect | OfficerTrustee | 1.5 | $0 |
Shanda H Blackmon MD Secretary/treasurer | OfficerTrustee | 3 | $0 |
Scott A Lemaire MD Director Of Cme | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $500 |
| Total Program Service Revenue | $211,560 |
| Investment income | $69,207 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$61,219 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $220,048 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $284,487 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,475 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,472 |
| Fees for services: Other | $54,209 |
| Advertising and promotion | $0 |
| Office expenses | $36,475 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $24,910 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $58,794 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,564 |
| All other expenses | $500 |
| Total functional expenses | $547,886 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $336,146 |
| Savings and temporary cash investments | $76,559 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,385 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $10,898 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,265,138 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,692,126 |
| Accounts payable and accrued expenses | $278,596 |
| Grants payable | $75,000 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $353,596 |
| Net assets without donor restrictions | $2,313,823 |
| Net assets with donor restrictions | $24,707 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,692,126 |