Western Thoracic Surgical Association
- Assets
- $945.8k
- Revenue
- $578.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Beverly, MA
- Founding
- 03/1976
- Data as of
- 12/2021
- EIN
- 23-7405487
Organization Overview
Western Thoracic Surgical Association is located in Beverly, MA. The organization was established in 1976. According to its NTEE Classification (G9B) the organization is classified as: Surgical Specialties, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Western Thoracic Surgical 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, Western Thoracic Surgical Association generated $578.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $474.8k during the year ending 12/2021. 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 PROMOTE ADVANCEMENT IN THE QUALITY AND PRACTICE OF THORACIC AND CARDIOVASCULAR SURGERY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL MEETING - TO UPDATE MEMBERS ON NEW MEDICAL TECHNIQUES AND IDEAS.
GRANTS - TO PAY FOR EXPENSES RELATED TO PARTICIPATION IN AND AWARDS FOR THE SAMSON PRIZE COMPETITION, AS WELL AS TO OFFSET EXPENSES RELATED TO EDUCATIONAL/SCIENTIFIC OFFERINGS AT ITS ANNUAL MEETING SUCH AS FUTURE POSTGRADUATE SYMPOSIA THAT PERTAIN TO THE CARE OF PATIENTS WITH DISEASES THAT ARE TREATED BY CARDIOTHORACIC SURGEONS, INCLUDES A GRANT TO FOSTER INNOVATIVE EDUCATIONAL INITIATIVES IN CT SURGERY BY WTSA MEMBERS AND TO DISSEMINATE THIS INFORMATION TO OTHER TRAINING CENTERS AND ACADEMIC INSTITUTIONS. ALSO INCLUDES A TRAVELLING FELLOWSHIP TO PROMOTE INTERACTION AND LEARNING BETWEEN RESIDENTS/TRAINEES/PRACTICING SURGEONS AND WTSA MEMBER.
COMMITTEES - REGULAR MEETINGS TO KEEP UPDATED ON CHANGES IN THORACIC AND CARDIOVASCULAR SURGERY AND PRACTICES.
PRINTING & PUBLICATIONS - NEWSLETTER EXPENSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica S Donington MD Vice Preside | OfficerTrustee | 2 | $0 |
Joseph C Cleveland Jr MD President/vi | OfficerTrustee | 2 | $0 |
Michael J Weyant MD Treasurer | OfficerTrustee | 2 | $0 |
Patricia A Thistlethwaite MD Im Past Pres | OfficerTrustee | 2 | $0 |
Michael P Fischbein MD PHD Secretary | OfficerTrustee | 2 | $0 |
Richard I Whyte MD Imm. Past Pr | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $48,975 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $140,676 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $189,651 |
| Total Program Service Revenue | $361,010 |
| Investment income | $8,768 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $19,363 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $578,792 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $20,000 |
| Grants and other assistance to domestic individuals. | $2,000 |
| 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 | $118,777 |
| Fees for services: Legal | $389 |
| Fees for services: Accounting | $7,728 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,733 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $13,537 |
| Information technology | $8,658 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,298 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $276,565 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $411 |
| All other expenses | $0 |
| Total functional expenses | $474,752 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $394,633 |
| Savings and temporary cash investments | $75,416 |
| Pledges and grants receivable | $1,250 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $468,407 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,062 |
| Total assets | $945,768 |
| Accounts payable and accrued expenses | $2,925 |
| Grants payable | $0 |
| Deferred revenue | $1,875 |
| 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 | $4,800 |
| Net assets without donor restrictions | $634,721 |
| Net assets with donor restrictions | $306,247 |
| 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 | $945,768 |
Grants Awarded
Over the last fiscal year, Western Thoracic Surgical Association has awarded $20,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Redwood City, CA PURPOSE: DONALD B. DOTY AWARD | $10,000 |
Chicago, IL PURPOSE: THORACIC SURGERY FOU | $10,000 |
Endowment Analysis
| Beg. Balance | $307,417 |
| Earnings | $27,180 |
| Net Contributions | $16,675 |
| Grants | $7,000 |
| Ending Balance | $344,272 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Boston Pediatric Neurosurgical Foundation Inc Boston, MA | $23,682,269 | $14,617,852 |
National Foundation For Facial Reconstruction New York, NY | $25,365,012 | $4,259,290 |
American Association Of Plastic Surgeons Beverly, MA | $8,547,039 | $1,303,749 |
International Society Of Plastic And Aesthetic Nurses Beverly, MA | $733,529 | $567,359 |
Western Thoracic Surgical Association Beverly, MA | $945,768 | $578,792 |
American Association For Hand Surgery Inc Beverly, MA | $4,188,289 | $661,462 |
California Society Of Plastic Surgeons Beverly, MA | $194,465 | $409,161 |
Eye Surgery Fund Inc Eastchester, NY | $4,213,763 | $731,634 |
Aston Plastic Surgery Foundation New York, NY | $2,888,961 | $622,141 |
Surgical Infection Society East Northport, NY | $375,534 | $309,684 |
Stony Brook Surgical Holding Corp Stony Brook, NY | $5,324,341 | $617,523 |
Central Surgical Association Beverly, MA | $202,068 | $274,766 |