Ctsnet Inc
- Assets
- $4.5m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 07/2000
- Data as of
- 12/2021
- EIN
- 36-4290294
Organization Overview
Ctsnet Inc is located in Chicago, IL. The organization was established in 2000. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ctsnet 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 12/2021, Ctsnet Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $464.8k during the year ending 12/2021. While expenses have increased by 0.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CONNECT THE GLOBAL CARDIOTHORACIC COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES VALUABLE EDUCATIONAL AND PROFESSIONAL WEB-BASED RESOURCES FOR A COMMUNITY OF OVER 50,300 CARDIOTHORACIC SURGEONS AND ALLIED HEALTH PROFESSIONALS INVOLVED IN THE CARDIOTHORACIC SURGERY SPECIALTY.
PROVIDES MEETING PRESENTATION AND EVENT-POSTING SERVICES FOR OVER 30 CARDIOTHORACIC SURGERY PROFESSIONAL ORGANIZATIONS. WEBSITE INCLUDES SECTIONS ON EXPERT TECHNIQUES, SURGICAL VIDEOS, SURGEON PROFILES, MEDICAL JOURNALS, RESIDENT-FOCUSED CONTENT, AND SPECIALTY-RELATED EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Duke E Cameron MD President | OfficerTrustee | 5 | $0 |
Joseph F Sabik MD Treasurer | OfficerTrustee | 3 | $0 |
Domenico Pagano MD Secretary (through May 2021) | OfficerTrustee | 1 | $0 |
Patrick O Myers MD Secretary (after May 2021) | OfficerTrustee | 2 | $0 |
Grahame Rush Executive Director | Officer | 3 | $0 |
Pavan Atluri MD Director (through May 2021) | 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 | $140,653 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $140,653 |
| Total Program Service Revenue | $723,326 |
| Investment income | $80,146 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $239,682 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,184,407 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $383,800 |
| Fees for services: Legal | $6 |
| Fees for services: Accounting | $2,965 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,646 |
| Fees for services: Other | $8,401 |
| Advertising and promotion | $1,383 |
| Office expenses | $6,790 |
| Information technology | $41,021 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,055 |
| Insurance | $4,680 |
| All other expenses | $1,224 |
| Total functional expenses | $464,823 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $976,450 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $225,766 |
| 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 | $40,759 |
| Net Land, buildings, and equipment | $95,410 |
| Investments—publicly traded securities | $3,114,086 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,452,471 |
| Accounts payable and accrued expenses | $2,557 |
| Grants payable | $0 |
| Deferred revenue | $164,875 |
| 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 | $167,432 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $4,285,039 |
| Total liabilities and net assets/fund balances | $4,452,471 |
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