Nonprofit · EIN 23-7288866
AATS FOUNDATION
Tax-exempt · FAIRFAX, VA 22030
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,798,765 | $2,952,370 | -$153,605 | $13,028,010 | $967,974 | $12,060,036 |
| December 31, 2023 | 990 | $2,187,997 | $2,656,714 | -$468,717 | $12,835,336 | $1,538,523 | $11,296,813 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,038,179
- Program service revenue
- $0
- Investment income
- $760,343
- Net gain from sales of assets
- $273,443
- Other revenue
- $243
Expenses
- Grants and similar amounts paid
- $1,909,266
- Other salaries and wages
- $416,632
- Salaries, compensation and benefits (total)
- $515,318
- Professional fundraising fees
- $0
- Legal fees
- $5,821
- Accounting fees
- $49,064
- Occupancy
- $18,922
- Travel
- $201,744
- Program services (functional)
- $2,297,826
- Management and general (functional)
- $425,403
- Fundraising (functional)
- $229,141
Balance sheet and other
- Total assets, start of year
- $12,835,336
- Total assets, end of year
- $13,028,010
- Total liabilities, end of year
- $967,974
- Net assets, end of year
- $12,060,036
- Publicly traded securities
- $9,938,057
- Net assets without donor restrictions
- $5,175,155
- Net assets with donor restrictions
- $6,884,881
- Gross receipts
- $2,928,978
- Employees
- 0
- Volunteers
- 142
- Year formed
- 1973
- State of legal domicile
- IL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DAVID R BOBBITT MSC MBA | CHIEF EXECUTIVE OFFICER Officer | 5 | $0 | $416,911 | $57,464 |
| MELISSA BINETTE | VP, DEVELOPMENT & STRATEGIC PARTNERSHIPS Highest-paid employee | 20 | $0 | $184,951 | $44,516 |
| ADAM SILVA | VP OF ADMINISTRATION Highest-paid employee | 20 | $0 | $156,937 | $44,887 |
| DEBORAH MCCLINTOCK | CHIEF FINANCIAL OFFICER Officer | 5 | $0 | $162,105 | $34,093 |
| LISA GIBSON | DIRECTOR OF MARKETING & COMMUNICATIONS Highest-paid employee | 10 | $0 | $150,184 | $16,969 |
| DAVID H ADAMS MD | PRESIDENT Trustee or director, Officer | 4 | $0 | $0 | $0 |
| MARC R MOON MD | VICE PRESIDENT Trustee or director, Officer | 3 | $0 | $0 | $0 |
| Y JOSEPH WOO MD | SECRETARY Trustee or director, Officer | 2 | $0 | $0 | $0 |
| LEONARD N GIRARDI MD | TREASURER Trustee or director, Officer | 2 | $0 | $0 | $0 |
| EMILE A BACHA MD | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| YOLONDA L COLSON MD | DIRECTOR Trustee or director | 4 | $0 | $0 | $0 |
| JOSEPH S COSELLI MD | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| GILLES DREYFUS | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| AUBREY GALLOWAY MD | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| A MARC GILLINOV MD | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
8 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROSEMARY F KELLY MD | DIRECTOR Trustee or director | 1 | $0 |
| DAVID R JONES | DIRECTOR Trustee or director | 2 | $0 |
| JAMES D LUKETICH MD | DIRECTOR (UNTIL 05/24) Trustee or director | 2 | $0 |
| PEDRO J DEL NIDO MD | DIRECTOR Trustee or director | 2 | $0 |
| MARAL OUZOUNIAN | DIRECTOR Trustee or director | 2 | $0 |
| MEHMET C OZ MD | DIRECTOR Trustee or director | 2 | $0 |
| VAUGHN A STARNES MD | DIRECTOR Trustee or director | 2 | $0 |
| LARS G SVENSSON | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 25 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DAVID R BOBBITT MSC MBA | CHIEF EXECUTIVE OFFICER Officer | 5 | $0 | $354,712 | $46,582 |
| SPENCER MCGRATH | DIRECTOR OF PUBLICATIONS Highest-paid employee | 1 | $0 | $203,075 | $36,558 |
| MELISSA BINETTE | SENIOR DIRECTOR OF MEETING Highest-paid employee | 1 | $0 | $185,181 | $36,399 |
| CARA GENSEL-HRUBES | DIRECTOR OF IT Highest-paid employee | 5 | $0 | $169,253 | $22,943 |
| ISHAQUE ARTHUR | SR. PROGRAM MGR AQG Highest-paid employee | 5 | $0 | $157,452 | $34,719 |
| ADAM SILVA | DIRECTOR OF ADMINISTRATION Highest-paid employee | 1 | $0 | $147,996 | $26,860 |
| DAVID NEAL | SENIOR DIRECTOR OF FINANCE Officer | 5 | $0 | $114,003 | $4,834 |
| DAVID H ADAMS MD | PRESIDENT Trustee or director, Officer | 4 | $0 | $0 | $0 |
| MARC R MOON MD | VICE PRESIDENT Trustee or director, Officer | 3 | $0 | $0 | $0 |
| Y JOSEPH WOO MD | SECRETARY Trustee or director, Officer | 2 | $0 | $0 | $0 |
| LEONARD N GIRARDI MD | TREASURER Trustee or director, Officer | 2 | $0 | $0 | $0 |
| EMILE A BACHA MD | DIRECTOR Trustee or director, Officer | 2 | $0 | $0 | $0 |
| YOLONDA L COLSON MD | DIRECTOR Trustee or director | 4 | $0 | $0 | $0 |
| JOSEPH S COSELLI MD | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| AUBREY GALLOWAY MD | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| A MARC GILLINOV MD | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ROSEMARY F KELLY MD | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JAMES D LUKETICH MD | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| PEDRO J DEL NIDO MD | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| MEHMET C OZ MD | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| VAUGHN A STARNES MD | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| RALPH J DAMIANO JR MD | DIRECTOR (THRU 05/2023) Trustee or director | 3 | $0 | $0 | $0 |
| TIMOTHY J GARDNER MD | DIRECTOR (THRU 05/2023) Trustee or director | 4 | $0 | $0 | $0 |
| DAVID R JONES MD | DIRECTOR (THRU 05/2023) Trustee or director | 2 | $0 | $0 | $0 |
| DANIELA MOLENA MD | DIRECTOR (THRU 05/2023) Trustee or director | 2 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 10304 EATON PL STE 100 PMB 1040, FAIRFAX, VA 22030-2221
- Principal officer (990 for 2024)
- DAVID H ADAMS MD, 10304 EATON PLACE SUITE 100 1040, FAIRFAX, VA 22030
- Signed the 990
- ANELECHI C ANYANWU MD, TREASURER
- Phone
- (978) 252-2200
- Website
- AATSFOUNDATION.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
SUPPORT CARDIOTHORACIC SURGEONS IN RESEARCH AND EDUCATION.
Program accomplishments
- TO PERFORM AND CARRY OUT SUCH OTHER EDUCATIONAL, SCIENTIFIC, AND CHARITABLE FUNCTIONS AND PURPOSES OF AATS SUCH AS: EVERY HEART BEAT MATTERS, SIR MAGDI YACOUB HOM PROGRAM, WTS MID-CAREER INVESTIGATOR AWARD, MARC R. DE LEVAL HOM PROGRAM, INTUITIVE SURGICAL ROBOTICS FELLOWSHIP, INTUITIVE ADVANCED LOBECTOMY COURSE, DAVID J. SUGARBAKER HOM PROGRAM, RESEARCH SCHOLARSHIPS, LAWRENCE H. COHN HOM PROGRAM, ATRICURE JAMES L. COX FELLOWSHIP, TIRONE DAVID HOM PROGRAM, AATS FOUNDATION EQUITY AWARD, VALERIE W. RUSCH HOM PROGRAM, RESIDENT RESEARCH CARDIAC SCHOLARSHIP, CLEVELAND CLINIC HOM PROGRAM, JACK A. ROTH HOM PROGRAM, SUMMER INTERN PROGRAM, TIMOTHY J. GARDNER HOM PROGRAM, ALDO R. CASTANEDA HOM PROGRAM, GLOBAL ACADEMIC EXCHANGE FUND, MEDTRONIC ADVANCED VALVE, ALAIN CARPENTIER HOM PROGRAM, F. GRIFFITH PEARSON HOM PROGRAMExpenses $1,652,512 · grants $1,265,266
- SURGICAL INVESTIGATOR PROGRAM - THE SURGICAL INVESTIGATOR PROGRAM SUPPORTS CLINICAL AND TRANSLATIONAL RESEARCH BY YOUNG CARDIOTHORACIC SURGEONS, INCLUDING TOPICS RELATED TO QUALITY AND OUTCOMES RESEARCH, AND STUDIES OF NEW AND INNOVATIVE THERAPIES, PROCEDURES, AND TECHNOLOGIES IN CARDIOTHORACIC SURGERY.Expenses $250,000 · grants $250,000
- GRAHAM TRAVELING FELLOWSHIP - THE EVARTS A. GRAHAM MEMORIAL TRAVELING FELLOWSHIP WAS ESTABLISHED IN 1951 BY THE AMERICAN ASSOCIATION FOR THORACIC SURGERY FOR THE PURPOSE OF SUPPORTING STUDY WITHIN NORTH AMERICA BY PROMISING YOUNG ACADEMIC CARDIOTHORACIC SURGEONS FROM OUTSIDE THE REGION TO BROADEN THEIR OVERALL TRAINING AND INCREASE INTERNATIONAL CONTACTS.Expenses $201,314 · grants $200,000
- MEDICAL STUDENT DIVERSITY SCHOLARSHIP - THESE SCHOLARSHIPS SUPPORT MEDICAL STUDENTS PLANNING TO PURSUE A CAREER IN CARDIOTHORACIC SURGERY AND WHO ARE FROM AN UNDERREPRESENTED IN MEDICINE POPULATION. UNDERREPRESENTED IN MEDICINE MEANS THOSE RACIAL AND ETHNIC POPULATIONSTHAT ARE UNDERREPRESENTED IN THE MEDICAL PROFESSION RELATIVE TO THEIR NUMBERS IN THE GENERAL POPULATION.Expenses $194,000 · grants $194,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7288866
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1973
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Medical research (H9BJ)
- Assets (IRS master file)
- $13,028,010
- Income (IRS master file)
- $2,928,978
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,798,765 | $2,952,370 | $13,028,010 | XML |
| 990 | December 2023 | $2,187,997 | $2,656,714 | $12,835,336 | XML |
| 990 | December 2022 | $2,768,395 | $2,214,957 | $12,292,242 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7288866).
Questions about AATS FOUNDATION
- What is the EIN of AATS FOUNDATION?
- The employer identification number (EIN) of AATS FOUNDATION is 23-7288866.
- Is AATS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1973.
- Are donations to AATS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does AATS FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of AATS FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did AATS FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of AATS FOUNDATION?
- The 990 for the year ended December 31, 2024 names DAVID H ADAMS MD.
- Who are the officers and directors of AATS FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 23 people; 0 received compensation from the organization.
- How much revenue does AATS FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,798,765, expenses of $2,952,370 and total assets of $13,028,010 at year end.
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