2024-11-14T11:39:53-06:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 4 BATTERYMARCH PARK SUITE 100 QUINCY MA 02169 990 2023-01-01 046406547 AMERICAN ASSOCIATION FOR THORACIC SURGERY AMER 9782522200 800 CUMMINGS CENTER 350-V BEVERLY MA 01915 LEONARD N GIRARDI MD TREASURER 9782522200 2024-11-14 1 0 DANIELLE NIHILL P01350943 7819821001 2024-11-12 2023 2024-10-15 13:58:12Z LARS G SVENNSON MD PHD 800 CUMMINGS CENTER 350-V BEVERLY MA 01915 12129449 0 X WWW.AATS.ORG X 1917 IL PROMOTE SCHOLARSHIP, INNOVATION, AND LEADERSHIP FOR THORACIC AND CARDIOVASCULAR SURGERY. 14 14 40 368 0 0 1812055 1088612 8291398 9924140 253001 558362 22522 128922 10378976 11700036 596461 24819 0 0 3123707 3238988 0 0 0 7521336 8269250 11241504 11533057 -862528 166979 17890528 17034376 5071202 6140170 12819326 10894206 X PROMOTE SCHOLARSHIP, INNOVATION, AND LEADERSHIP FOR THORACIC AND CARDIOVASCULAR SURGERY. 0 0 MEETINGS & EDUCATION - THE ASSOCIATION HOLDS SEVERAL MEETINGS, WEBINARS, AND COURSES THROUGHOUT THE YEAR PRESENTING MEDICAL AND SCIENTIFIC INFORMATION FOCUSED ON THORACIC AND CARDIOVASCULAR SURGERY. PUBLICATIONS - TO UPDATE READERS ON CURRENT TECHNIQUES AND PROCEDURES IN THORACIC AND CARDIOVASCULAR SURGERY. MEMBERSHIP - TO PROVIDE INFORMATION AND SERVICES TO MEMBERS. QUALITY - INFORMATION GATHERING TO IMPROVE PATIENT SURGICAL OUTCOMES. 0 1 0 1 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 138 0 40 1 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 1 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X DEBORAH S MCCLINTOCK CFO 9782522200 800 CUMMINGS CENTER SUITE 350-V BOSTON MA 01915 LARS G SVENSSON MD PHD PRESIDENT 3.00 4.00 X X 0 0 0 DAVID R JONES MD PRESIDENT-ELECT 3.00 2.00 X X 0 0 0 EMILE A BACHA MD VICE PRESIDENT 3.00 2.00 X X 0 0 0 YOLONDA L COLSON MD PAST PRESIDENT 3.00 4.00 X X 0 0 0 ROSEMARY F KELLY MD SECRETARY 2.00 1.00 X X 0 0 0 LEONARD N GIRARDI MD TREASURER 3.00 2.00 X X 0 0 0 ANELECHI ANYANWU MD DIRECTOR 2.00 0.00 X 0 0 0 MICHAEL A BORGER MD DIRECTOR 1.00 0.00 X 0 0 0 CHRISTOPHER A CALDARONE MD DIRECTOR 1.00 0.00 X 0 0 0 RALPH J DAMIANO JR MD DIRECTOR 2.00 3.00 X 0 0 0 THOMAS A D'AMICO MD DIRECTOR 1.00 0.00 X 0 0 0 ISABELLE OPITZ DIRECTOR 1.00 0.00 X 0 0 0 TODD K ROSENGART DIRECTOR (UNTIL 05/23) 2.00 0.00 X 0 0 0 Y JOSEPH WOO MD DIRECTOR (UNTIL 05/23) 3.00 2.00 X 0 0 0 SHAF KESHAVJEE MD DIRECTOR (UNTIL 05/23) 3.00 0.00 X 0 0 0 DANIELA MOLENA DIRECTOR (AS OF 05/23) 1.00 0.00 X 0 0 0 KAZUHIRO YASUFUKU DIRECTOR (AS OF 05/23) 1.00 0.00 X 0 0 0 DAVID BOBBITT CHIEF EXECUTIVE OFFICER 35.00 5.00 X 354712 0 46582 DAVID NEAL SENIOR DIRECTOR OF FINANCE 30.00 5.00 X 114003 0 4834 SPENCER MCGRATH DIRECTOR OF PUBLICATIONS 40.00 0.00 X 203075 0 36558 MELISSA BINETTE SR. DIRECTOR OF MTGS & INDUSTRY 40.00 0.00 X 185181 0 36399 ISHAQUE ARTHUR SR. PROGRAM MGR AQG 35.00 5.00 X 157452 0 34719 CARA GENSEL-HRUBES DIRECTOR OF IT 35.00 5.00 X 169253 0 22943 ADAM SILVA DIRECTOR OF ADMINISTRATION 40.00 0.00 X 147996 0 26860 1331672 0 208895 7 0 1 0 ALEC PATTERSON 18 SOUTHMOOR DRIVE CLAYTON MO 63105 PUBLICATIONS EDITOR 330000 DAVID BOOTH 153 ELM STREET SOMERVILLE MA 02144 PROJECT CONSULTANT 321600 ENGAGEHRNOW 8317 LINDEN OAKS COURT LORTON VA 22079 FRACTIONAL DIRECTOR OF HR 168705 3 539112 549500 1088612 MEETINGS & EDUCATION 611710 7187631 7187631 PUBLICATIONS 611710 2581557 2581557 SUBSCRIPTIONS 611710 154952 154952 9924140 347601 347601 640174 429413 210761 210761 210761 OTHER REVENUE 900099 128922 128922 128922 11700036 9924140 0 687284 22069 2750 520131 2136212 123174 173125 286346 268004 55810 25609 1136953 59778 494944 631038 157352 704567 1706759 79864 135599 AUDIO & VISUAL 1967641 HONORAIA 704450 PRINTING & PUBLICATIONS 134532 MISCELLANEOUS 6350 11533057 617232 383635 20325 25115 283258 767979 797290 652104 569224 429934 274889 139290 11616628 12849458 4280906 2216795 17890528 17034376 1003374 874898 1393391 845913 1520000 1765000 1154437 2654359 5071202 6140170 X 12819326 10894206 12819326 10894206 17890528 17034376 X 166979 1317914 -3410013 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 120289 69327 50962 448935 360607 88328 139290 LIFETIME ACHIEVEMENT AWARDS 1533 PRESIDENTIAL BADGE & CHAINS 21031 SOFTWARE DEVELOPMENT COSTS 2003613 ROU ASSET 190618 2216795 DUE TO AATS FOUNDATION 110997 LEASE LIABILITY 204885 RELATED PARTY NOTE PAYABLE 2338477 2654359 X 9582328 1317914 -3410013 -2092099 11674427 25609 25609 11700036 11507448 0 11507448 25609 25609 11533057 PART X, LINE 2: THE ASSOCIATION HAS BEEN GRANTED TAX-EXEMPT STATUS UNDER INTERNAL REVENUE CODE SECTION 501 (C)(6) AND IS, THEREFORE, GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN PROVIDED FOR IN THE ACCOMPANYING FINANCIAL STATEMENTS. ASC 740-10, INCOME TAXES, REQUIRES THE ASSOCIATION TO EVALUATE AND DISCLOSE TAX POSITIONS THAT COULD HAVE AN EFFECT ON THE ASSOCIATION'S FINANCIAL STATEMENTS. THE ASSOCIATION REPORTS ITS ACTIVITIES TO THE INTERNAL REVENUE SERVICE ON AN ANNUAL BASIS. THESE INFORMATIONAL RETURNS ARE GENERALLY SUBJECT TO AUDIT AND REVIEW BY THE GOVERNMENTAL AGENCIES FOR A PERIOD OF THREE YEARS AFTER FILING. SUBSTANTIALLY ALL OF THE ASSOCIATION'S INCOME, EXPENDITURES, AND ACTIVITIES RELATE TO ITS EXEMPT PURPOSE, THEREFORE, MANAGEMENT HAS DETERMINED THAT THE ASSOCIATION IS NOT SUBJECT TO MATERIAL UNRELATED BUSINESS INCOME TAXES AND WILL CONTINUE TO QUALIFY AS A TAX-EXEMPT NON-PROFIT ENTITY. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSS ON IMPAIRMENT -3,410,013. 1 0 0 PART I, LINE 2: THE ASSOCIATION MONITORS THE USE OF GRANT FUNDS FOR THE RECIPIENT ORGANIZATION NOTED IN PART II BY REVIEWING SCIENTIFIC MATERIALS SUBMITTED FOR ALL RESEARCH AWARD PROGRAMS AND RECOMMENDING CANDIDATES FOR THE RESEARCH AWARDS. THE NON-CASH ASSISTANCE REPRESENTS VALUE OF IN-KIND SERVICES AND FACILITIES PROVIDED TO THE RECIPIENT ORGANIZATION. THE ASSOCIATION MONITORS THE USE OF GRANT FUNDS FOR THE INDIVIDUALS NOTED IN PART III REQUIRING A COPY OF THEIR REGISTRATION TO THE PROGRAM BEFORE THEY ARE PROVIDED THE FUNDS AND/OR A SUMMARY REPORT AND EVALUATION OF THEIR EXPERIENCE. X X X X 0 0 0 DAVID BOBBITT CHIEF EXECUTIVE OFFICER 354712 0 0 0 0 0 18351 0 28231 0 401294 0 0 0 SPENCER MCGRATH DIRECTOR OF PUBLICATIONS 183075 0 20000 0 0 0 10551 0 26007 0 239633 0 0 0 MELISSA BINETTE SR. DIRECTOR OF MTGS & INDUSTRY 166181 0 19000 0 0 0 9576 0 26823 0 221580 0 0 0 CARA GENSEL-HRUBES DIRECTOR OF IT 153878 0 15375 0 0 0 4433 0 18510 0 192196 0 0 0 ISHAQUE ARTHUR SR. PROGRAM MGR AQG 142452 0 15000 0 0 0 8218 0 26501 0 192171 0 0 0 ADAM SILVA DIRECTOR OF ADMINISTRATION 129996 0 18000 0 0 0 7189 0 19671 0 174856 0 0 0 PART I, LINE 3 THE EXECUTIVE COMMITTEE MEETS ANNUALLY TO DETERMINE THE COMPENSATION OF THE CHIEF EXECUTIVE OFFICER BASED UPON A REVIEW OF PERFORMANCE COMPARED TO OBJECTIVES ESTABLISHED AT THE BEGINNING OF THE YEAR BY THE EXECUTIVE COMMITTEE, BOARD, AND THE CHIEF EXECUTIVE OFFICER. FOLLOWING THE EXECUTIVE COMMITTEE'S RECOMMENDATION, THE FULL BOARD VOTES TO APPROVE THE RECOMMENDED COMPENSATION. FORM 990, PART VI, SECTION A, LINE 1A PER THE BY-LAWS, THE EXECUTIVE COMMITTEE HAS THE AUTHORITY TO ACT ON BEHALF OF THE BOARD. NO OTHER COMMITTEES HAVE SUCH AUTHORITY. FORM 990, PART VI, SECTION A, LINE 4 A. ARTICLE III- MEMBERSHIP: ACTIVE MEMBERSHIP FEES LIMIT MOVED FROM $950 TO $1,000 B. ARTICLE IV - BOARD OF DIRECTORS: I. SECTION 1- THE BOARD OF DIRECTORS OF THE ASSOCIATION SHALL BE COMPOSED OF THE PRESIDENT, PRESIDENT-ELECT, VICE-PRESIDENT, SECRETARY, TREASURER, IMMEDIATE PAST PRESIDENT, AND NINE DIRECTORS. II. SECTION 3 - BECAUSE OF THE CHANGE IN SECTION 1 OF THE BOARD OF DIRECTORS ARTICLE, THERE ARE MANY CHANGES IN SECTION 3 OF THE ARTICLE WHICH MIRROR THE REMOVAL OF DELINEATION BETWEEN NORTH AMERICAN AND NON-NORTH AMERICAN DIRECTORS. III. SECTION 4 ADDITION OF AN ABSENTEE CLAUSE WHICH DEEMS A DIRECTOR AS RESIGNED IF THEY ARE ABSENT FOR 12 SUCCESSIVE MONTHS. IV. SECTION 7 CLARIFICATION OF THE ELECTRONIC VOTING PROCESS. C. ARTICLE VI- COMMITTEES I. SECTION 2. CHANGES MIRROR THE REMOVAL OF DELINEATION BETWEEN NORTH AMERICAN AND NON-NORTH AMERICAN DIRECTORS. II. SECTION 6. 1. NAME CHANGE OF THE ETHICS COMMITTEE TO THE ETHICS AND ACCREDITATION COMMITTEE. 2. THE COMMITTEE WILL HAVE AT LEAST SEVEN MEMBERS (PREVIOUSLY 7 MEMBERS). 3. AND ADDITIONAL RESPONSIBILITIES OF THIS COMMITTEE WERE ADDED: THE ETHICS AND ACCREDITATION COMMITTEE WILL ALSO SERVE AS THE GOVERNANCE BODY TO REVIEW AND RESOLVE CME-RELATED CONFLICT OF INTEREST FOR AATS EDUCATIONAL ACTIVITIES. D. ARTICLE XIII PARLIAMENTARY PROCEDURE I. CHANGED GOVERNED BY TO "ROBERT'S RULES OF ORDER". PREVIOUSLY GOVERNED BY THE CURRENT "STURGIS STANDARD CODE OF PARLIAMENTARY PROCEDURE". FORM 990, PART VI, SECTION A, LINE 6 ACTIVE AND SENIOR MEMBERS HAVE VOTING PRIVILEGES. FORM 990, PART VI, SECTION A, LINE 7A ACTIVE AND SENIOR MEMBERS HAVE THE RIGHT TO VOTE ON THE ELECTION OF OFFICERS TO THE BOARD. FORM 990, PART VI, SECTION A, LINE 7B ACTIVE AND SENIOR MEMBERS HAVE THE RIGHT TO APPROVE AMENDMENTS TO THE BY-LAWS, COMMITTEE APPOINTMENTS, ACTIONS OF THE BOARD, AND NEW MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE CHIEF FINANCIAL OFFICER AND IS THEN PROVIDED TO THE CHIEF EXECUTIVE OFFICER, THE TREASURER, FINANCE COMMITTEE AND EXECUTIVE COMMITTEE FOR FINAL REVIEW BEFORE IT IS FILED. ADDITIONALLY, FORM 990 WILL BE PROVIDED TO THE BOARD VIA E-MAIL PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, ALL MEMBERS OF THE BOARD OF DIRECTORS ARE REQUESTED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE FORM, WHICH IS KEPT ON FILE AND REVIEWED BY THE BOARD IF ANY CONFLICT IS INDICATED. THE CONFLICT OF INTEREST POLICY IS MONITORED THROUGH BOARD MEETINGS WHERE ALL MEMBERS REVIEW POLICIES. THE BOARD CHAIR AND CEO MONITOR THESE TASKS. IF A CONFLICT ARISES DURING THE YEAR, THE BOARD MEMBER SHALL IMMEDIATELY NOTIFY THE CHAIR OF THE BOARD, WHO WILL DETERMINE APPROPRIATE RESOLUTION. THE BOARD OF DIRECTORS SHALL BE RESPONSIBLE FOR MAKING ALL DECISIONS CONCERNING RESOLUTIONS OF CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 AATS HAS A FORMALIZED COMPENSATION SYSTEM THAT IS DETAILED IN THE AATS COMPENSATION ADMINISTRATION MANUAL. THE MANUAL PROVIDES THE STEPS TAKEN IN DETERMINING COMPENSATION RANGE FOR EVERY LEVEL OF TEAM MEMBER TO INCLUDE THE CEO. THE COMPENSATION RANGE DATA IS PROVIDED BY A THIRD-PARTY ORGANIZATION. STAFF SALARY RANGES WILL BE EVALUATED AND REVIEWED BIENNIALLY AND WILL BE ADJUSTED AS NECESSARY. SPOT EVALUATIONS WILL BE CONDUCTED ANNUALLY FOR CERTAIN POSITIONS AS REQUIRED. POSITIONS ARE COMPARED TO THE PAY PRACTICES OF OTHER COMPARABLE TRADE/PROFESSIONAL ASSOCIATIONS BASED ON ASSOCIATION REVENUE, STAFF SIZE, LOCATION OF EMPLOYEE AND OTHER POTENTIAL FACTORS. THE AATS'S COMPENSATION PHILOSOPHY IS MONITORED BY THE CEO AND THE AATS BOARD OF DIRECTORS WITH ASSISTANCE FROM THE ASSOCIATION'S HUMAN RESOURCES REPRESENTATIVE. IN 2022, AATS HIRED AN OUTSIDE HUMAN RESOURCES CONSULTANT WHO PREPARED AND UPDATED COMPENSATION REVIEW BASED ON INDUSTRY REPORTING AND BENCHMARKS OF SIMILAR ORGANIZATIONS. COMPENSATION LEVELS WERE IN LINE WITH FINDINGS AND NO CHANGES WERE MADE. THE EXECUTIVE COMMITTEE MEETS ANNUALLY TO DETERMINE THE COMPENSATION OF THE CHIEF EXECUTIVE OFFICER BASED UPON A REVIEW OF PERFORMANCE COMPARED TO OBJECTIVES ESTABLISHED AT THE BEGINNING OF THE YEAR BY THE EXECUTIVE COMMITTEE, BOARD, AND THE CHIEF EXECUTIVE OFFICER. FOLLOWING THE EXECUTIVE COMMITTEE'S RECOMMENDATION, THE FULL BOARD VOTES TO APPROVE THE RECOMMENDED COMPENSATION. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: LOSS ON IMPAIRMENT -3,410,013. AATS FOUNDATION 800 CUMMINGS CENTER SUITE 350-V BEVERLY MA 01915 237288866 TO ENABLE PHYSICIANS OF ALL COUNTRIES TO SECURE EDUCATION AND TRAINING IL 501(C)(3) LINE 12A, I AMERICAN ASSOCIATION FOR THORACIC SURGERY 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 AATS FOUNDATION O 29749 FAIR MARKET VALUE AATS FOUNDATION N 411617 FAIR MARKET VALUE AATS FOUNDATION E 2338477 FAIR MARKET VALUE