American Association For Thoracic Surgery
- Assets
- $19.5m
- Revenue
- $6.9m
- Investments
- $0.0
- Employees
- 35
- Location
- Beverly, MA
- Founding
- 03/1978
- Data as of
- 12/2021
- EIN
- 04-6406547
Organization Overview
American Association For Thoracic Surgery is located in Beverly, MA. The organization was established in 1978. According to its NTEE Classification (G03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2021, American Association For Thoracic Surgery employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Association For Thoracic Surgery 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, American Association For Thoracic Surgery generated $6.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $6.5m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.7%) 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
PROMOTE SCHOLARSHIP, INNOVATION, AND LEADERSHIP FOR THORACIC AND CARDIOVASCULAR SURGERY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEETINGS & EDUCATION - THE ASSOCIATION HOLDS SEVERAL MEETINGS, WEBINARS, AND COURSES THROUGHOUT THE YEAR PRESENTING MEDICAL AND SCIENTIFIC INFORMATION FOCUSED ON THORACIC AND CARDIOVASCULAR SURGERY. VIRTUAL MEETINGS REPLACED IN-PERSON MEETINGS DURING 2020 AND 2021 TO ACCOMMODATE THE SOCIAL GATHERING RESTRICTIONS IN RESPONSE TO THE COVID-19 PANDEMIC.
PUBLICATIONS - TO UPDATE READERS ON CURRENT TECHNIQUES AND PROCEDURES IN THORACIC AND CARDIOVASCULAR SURGERY.
MEMBERSHIP - TO PROVIDE INFORMATION AND SERVICES TO MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrea Mancinelli Chief Financial Officer | Officer | 35 | $183,860 |
Spencer Mcgrath Director Of Publications | 40 | $183,488 | |
Melissa Binette Senior Director Of Meetings & Industry | 40 | $158,906 | |
David Bobbitt Chief Executive Officer (as Of 07/21) | Officer | 35 | $147,330 |
Cara Gensel-Hrubes Director Of It | 38 | $146,645 | |
Adam Silva Director Of Administration & Quality | 40 | $128,525 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
David Booth Project Consultant | 12/30/21 | $173,200 |
Richard D Weisel Md Publications Editor | 12/30/21 | $241,500 |
Inveniqa Software Developer/consultant | 12/30/21 | $357,344 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $444,627 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $714,620 |
| All other contributions, gifts, grants, and similar amounts not included above | $150,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,309,247 |
| Total Program Service Revenue | $4,454,571 |
| Investment income | $316,989 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $846,830 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,938,092 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $450,833 |
| Grants and other assistance to domestic individuals. | $13,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $4,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $397,302 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,816,943 |
| Pension plan accruals and contributions | $115,836 |
| Other employee benefits | $152,922 |
| Payroll taxes | $222,245 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $211,186 |
| Fees for services: Accounting | $152,355 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $39,555 |
| Fees for services: Other | $771,746 |
| Advertising and promotion | $60,620 |
| Office expenses | $98,672 |
| Information technology | $533,245 |
| Royalties | $0 |
| Occupancy | $110,604 |
| Travel | $84,255 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $478,602 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,580 |
| Insurance | $35,436 |
| All other expenses | $0 |
| Total functional expenses | $6,463,151 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $853,162 |
| Savings and temporary cash investments | $20,319 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $82,550 |
| 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 | $694,027 |
| Net Land, buildings, and equipment | $357,226 |
| Investments—publicly traded securities | $14,164,947 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,353,307 |
| Total assets | $19,525,538 |
| Accounts payable and accrued expenses | $1,015,013 |
| Grants payable | $0 |
| Deferred revenue | $1,104,182 |
| 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 | $659,255 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $379,212 |
| Total liabilities | $3,157,662 |
| Net assets without donor restrictions | $16,367,876 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $19,525,538 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that American Association For Thoracic Surgery has recieved totaling $109,890.
| Awarding Organization | Amount |
|---|---|
Intuitive Foundation Sunnyvale, CA PURPOSE: PARTIAL SALARY SUPPORT FOR A 1-YEAR TRANSLATIONAL RESEARCH FELLOWSHIP FOR TWO FELLOWS., NOT ROBOTIC SURGERY | $100,000 |
Society Of Thoracic Surgeons Chicago, IL PURPOSE: SCHOLARSHIP SUPPORT | $9,890 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Association For Thoracic Surgery Beverly, MA | $19,525,538 | $6,938,092 |
National Society For Cutaneous Medicine New York, NY | $1,909,262 | $3,247,616 |
Association Of Women In Rheumatology New York, NY | $5,395,236 | $4,194,713 |
Massachusetts Health Officers Association Incorporated Hingham, MA | $1,218,957 | $1,645,904 |
Eastern Allergy Conference Inc East Providence, RI | $1,095,972 | $1,221,181 |
Cancerconnects Inc East Syracuse, NY | $476,496 | $874,354 |
Hemophilia Association Of New York Inc New York, NY | $4,332,778 | $326,271 |
Multinational Association Of Supportive Care In Cancer Newton, MA | $4,445,258 | $1,178,118 |
American College Of Physicians Services Albany, NY | $516,134 | $647,929 |
New York State Chiropractic Association Chester, NY | $492,302 | $445,482 |
New York State Chapter American College Of Cardiology New York, NY | $928,782 | $249,145 |
Connecticut Oral Health Initiative Inc Hartford, CT | $243,164 | $301,692 |