Thoracic Surgery Directors Association
- Assets
- $1.3m
- Revenue
- $465.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 09/1982
- Data as of
- 12/2021
- EIN
- 56-1196918
Organization Overview
Thoracic Surgery Directors Association is located in Chicago, IL. The organization was established in 1982. According to its NTEE Classification (H9B) the organization is classified as: Surgical Specialties Research, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thoracic Surgery Directors Association 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 12/2021, Thoracic Surgery Directors Association generated $465.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $335.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 7 years. 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
TO PROVIDE RESOURCES AND NETWORKING OPPORTUNITIES FOR PROGRAM DIRECTORS AND PROGRAM COORDINATORS, AND SUPPLEMENTAL CURRICULUM MATERIALS AND RESOURCES FOR MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN-TRAINING EXAM FOR THORACIC SURGERY RESIDENTS.
THORACIC SURGERY RESIDENTS ASSOCIATION (TSRA) OFFERS VARIOUS RESOURCES AND INFORMATION FOR MEDICAL STUDENTS, GENERAL SURGERY RESIDENTS, AND CARDIOTHORACIC SURGERY RESIDENTS AND FELLOWS INTERESTED IN CARDIOTHORACIC SURGERY EDUCATION OR ENROLLED IN A CARDIOTHORACIC SURGERY RESIDENCY OR FELLOWSHIP.
MEMBERSHIP DUES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrea J Carpenter MD President | OfficerTrustee | 3 | $0 |
David Cooke MD President-Elect | OfficerTrustee | 3 | $0 |
Ara Vaporciyan MD Immediate Past President | OfficerTrustee | 0.25 | $0 |
Jon Nesbitt MD Secretary/treasurer | OfficerTrustee | 1 | $0 |
Sandra Starnes MD Immediate Past President (through May 2021) | OfficerTrustee | 0.25 | $0 |
Craig Baker MD Secretary/treasurer (through May 2021) | OfficerTrustee | 1 | $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 | $32,180 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,180 |
| Total Program Service Revenue | $295,550 |
| Investment income | $27,982 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $31,211 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $70,680 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $465,838 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,523 |
| 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 | $258,560 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,321 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,981 |
| Fees for services: Other | $48,444 |
| Advertising and promotion | $0 |
| Office expenses | $3,524 |
| Information technology | $0 |
| 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 | $646 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,000 |
| Insurance | $2,030 |
| All other expenses | $0 |
| Total functional expenses | $335,029 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $198,491 |
| Savings and temporary cash investments | $21,538 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,665 |
| 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 | $10,510 |
| Net Land, buildings, and equipment | $14,983 |
| Investments—publicly traded securities | $1,013,540 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,272,727 |
| Accounts payable and accrued expenses | $5,778 |
| Grants payable | $0 |
| Deferred revenue | $7,600 |
| 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 | $13,378 |
| Net assets without donor restrictions | $1,080,178 |
| Net assets with donor restrictions | $179,171 |
| 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 | $1,272,727 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Thoracic Surgery Directors Association has recieved totaling $18,780.
| Awarding Organization | Amount |
|---|---|
Society Of Thoracic Surgeons Chicago, IL PURPOSE: DONATION | $18,780 |
Endowment Analysis
| Beg. Balance | $108,134 |
| Earnings | $11,748 |
| Net Contributions | $15,000 |
| Grants | $2,023 |
| Ending Balance | $132,859 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arthroscopy Association Of North America Inc Rosemont, IL | $10,779,980 | $6,848,553 |
Surgical Science Foundation For Research Development Madison, WI | $18,153,193 | $1,657,982 |
Thoracic Surgery Directors Association Chicago, IL | $1,272,727 | $465,838 |
Society For Perioperative Assessment And Quality Improvement Glenview, IL | $595,815 | $384,619 |
Endocrine Surgery Quality Foundation Lexington, KY | $11,771 | $0 |
Subcortical Surgery Group Inc Evanston, IL | $17,379 | $25,000 |
Surgical Outcomes Club Inc Green Bay, WI | $262,829 | $0 |
Operative Plasterers & Cement Masons International Association Troy, IL | $95,180 | $0 |
Clarian Transplant Institute Inc Indianapolis, IN | $0 | $218,705 |