The Thoracic Surgery Foundation
Funding research and education today to improve the practice of tomorrow
The Thoracic Surgery Foundation
EIN: 36-3635910
as of September 2024
as of September 09, 2024
Programs and results
Reports and documents
Download annual reportsWhat we aim to solve
The Thoracic Surgery Foundation aims to address the care of patients who experience the two biggest health risks in the world -- heart disease and lung cancer. Through TSF's extensive awards in the areas of research, education, leadership and international surgical outreach, we aim to foster the development of surgeon-scientists in cardiothoracic surgery, thereby increasing knowledge and innovation to benefit patients and improve access to care.
Our programs
What are the organization's current programs, how do they measure success, and who do the programs serve?
TSF Research Awards
The Thoracic Surgery Foundation funds multiple awards related to research in the field of cardiothoracic surgery.
Where we work
Our results
How does this organization measure their results? It's a hard question but an important one.
Total dollar amount of grants awarded
This metric is no longer tracked.Totals By Year
Related Program
TSF Research Awards
Type of Metric
Output - describing our activities and reach
Direction of Success
Increasing
Our Sustainable Development Goals
Learn more about Sustainable Development Goals.
Goals & Strategy
Learn about the organization's key goals, strategies, capabilities, and progress.
Charting impact
Four powerful questions that require reflection about what really matters - results.
What is the organization aiming to accomplish?
The Thoracic Surgery Foundation aims to foster the development of surgeon-scientists in cardiothoracic surgery, thereby increasing knowledge and innovation to benefit patients and improve access to care.
What are the organization's key strategies for making this happen?
TSF offers more than 30 unique awards and scholarships to facilitate research in the cardiothoracic surgery field, and improve the skills of surgeons and surgeon-scientists that will improve outcomes for patients.
What are the organization's capabilities for doing this?
TSF is a successful fundraising organization, with gifts received of nearly $3 million in 2022. Additionally, all administrative costs of running the organization are underwritten by The Society of Thoracic Surgeons, so that every donor dollar can go directly to awards and grants that support the cardiothoracic surgery specialty.
What have they accomplished so far and what's next?
Since 1988, TSF has strengthened the cardiothoracic surgery specialty via:
300 cardiothoracic surgery research and education grants
70 humanitarian surgical outreach trips to underserved regions
425 travel and leadership scholarships for advanced training
300 educational scholarships and fellowships
How we listen
Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.
-
How is your organization using feedback from the people you serve?
To identify and remedy poor client service experiences, To identify bright spots and enhance positive service experiences, To make fundamental changes to our programs and/or operations, To inform the development of new programs/projects, To identify where we are less inclusive or equitable across demographic groups, To strengthen relationships with the people we serve, To understand people's needs and how we can help them achieve their goals
-
Which of the following feedback practices does your organization routinely carry out?
We collect feedback from the people we serve at least annually, We take steps to get feedback from marginalized or under-represented people, We aim to collect feedback from as many people we serve as possible, We take steps to ensure people feel comfortable being honest with us, We look for patterns in feedback based on demographics (e.g., race, age, gender, etc.), We look for patterns in feedback based on people’s interactions with us (e.g., site, frequency of service, etc.), We engage the people who provide feedback in looking for ways we can improve in response, We act on the feedback we receive, We share the feedback we received with the people we serve, We tell the people who gave us feedback how we acted on their feedback, We ask the people who gave us feedback how well they think we responded
-
What challenges does the organization face when collecting feedback?
We don't have any major challenges to collecting feedback
Financials
Financial documents
Download audited financialsRevenue vs. expenses: breakdown
Liquidity in 2022 info
9.12
Months of cash in 2022 info
20.2
Fringe rate in 2022 info
0%
Funding sources info
Assets & liabilities info
Financial data
The Thoracic Surgery Foundation
Revenue & expensesFiscal Year: Jan 01 - Dec 31
The Thoracic Surgery Foundation
Balance sheetFiscal Year: Jan 01 - Dec 31
The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.
Fiscal Year: Jan 01 - Dec 31
This snapshot of The Thoracic Surgery Foundation’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.
Created in partnership with
Business model indicators
Profitability info | 2018 | 2019 | 2020 | 2021 | 2022 |
---|---|---|---|---|---|
Unrestricted surplus (deficit) before depreciation | $183,887 | $479,054 | $668,490 | $384,829 | -$454,547 |
As % of expenses | 14.9% | 37.6% | 60.3% | 34.0% | -28.0% |
Unrestricted surplus (deficit) after depreciation | $183,887 | $479,054 | $668,490 | $384,829 | -$454,547 |
As % of expenses | 14.9% | 37.6% | 60.3% | 34.0% | -28.0% |
Revenue composition info | |||||
---|---|---|---|---|---|
Total revenue (unrestricted & restricted) | $1,561,172 | $1,896,136 | $1,400,211 | $3,432,295 | $2,542,826 |
Total revenue, % change over prior year | 1.0% | 21.5% | -26.2% | 145.1% | -25.9% |
Program services revenue | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Membership dues | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Investment income | 4.0% | 3.8% | 5.1% | 3.5% | 5.1% |
Government grants | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
All other grants and contributions | 94.0% | 92.2% | 96.3% | 86.7% | 101.7% |
Other revenue | 2.0% | 4.0% | -1.4% | 9.8% | -6.8% |
Expense composition info | |||||
---|---|---|---|---|---|
Total expenses before depreciation | $1,234,592 | $1,274,991 | $1,108,220 | $1,131,926 | $1,621,236 |
Total expenses, % change over prior year | 23.6% | 3.3% | -13.1% | 2.1% | 43.2% |
Personnel | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Professional fees | 21.7% | 2.5% | 2.8% | 3.8% | 2.7% |
Occupancy | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Interest | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Pass-through | 71.6% | 88.7% | 94.5% | 93.2% | 96.8% |
All other expenses | 6.7% | 8.8% | 2.7% | 2.9% | 0.5% |
Full cost components (estimated) info | 2018 | 2019 | 2020 | 2021 | 2022 |
---|---|---|---|---|---|
Total expenses (after depreciation) | $1,234,592 | $1,274,991 | $1,108,220 | $1,131,926 | $1,621,236 |
One month of savings | $102,883 | $106,249 | $92,352 | $94,327 | $135,103 |
Debt principal payment | $0 | $0 | $0 | $0 | $0 |
Fixed asset additions | $0 | $0 | $0 | $0 | $0 |
Total full costs (estimated) | $1,337,475 | $1,381,240 | $1,200,572 | $1,226,253 | $1,756,339 |
Capital structure indicators
Liquidity info | 2018 | 2019 | 2020 | 2021 | 2022 |
---|---|---|---|---|---|
Months of cash | 14.9 | 18.5 | 14.7 | 21.4 | 20.2 |
Months of cash and investments | 31.8 | 41.3 | 47.7 | 69.7 | 50.1 |
Months of estimated liquid unrestricted net assets | 14.6 | 18.6 | 28.6 | 32.1 | 27.7 |
Balance sheet composition info | 2018 | 2019 | 2020 | 2021 | 2022 |
---|---|---|---|---|---|
Cash | $1,533,247 | $1,967,492 | $1,358,496 | $2,018,664 | $2,730,626 |
Investments | $1,734,818 | $2,417,959 | $3,046,829 | $4,555,513 | $4,035,177 |
Receivables | $613,252 | $410,235 | $838,285 | $1,138,783 | $1,317,262 |
Gross land, buildings, equipment (LBE) | $0 | $0 | $0 | $0 | $0 |
Accumulated depreciation (as a % of LBE) | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Liabilities (as a % of assets) | 9.8% | 9.7% | 7.3% | 7.0% | 9.2% |
Unrestricted net assets | $1,497,960 | $1,977,014 | $2,645,504 | $3,030,333 | $3,745,055 |
Temporarily restricted net assets | $2,008,786 | N/A | N/A | N/A | N/A |
Permanently restricted net assets | $0 | N/A | N/A | N/A | N/A |
Total restricted net assets | $2,008,786 | $2,358,107 | $2,223,616 | $4,145,615 | $3,602,570 |
Total net assets | $3,506,746 | $4,335,121 | $4,869,120 | $7,175,948 | $7,347,625 |
Key data checks
Key data checks info | 2018 | 2019 | 2020 | 2021 | 2022 |
---|---|---|---|---|---|
Material data errors | No | No | No | No | No |
Operations
The people, governance practices, and partners that make the organization tick.
Documents
Executive Director
Lee Wiensch CAE, CFRE
Number of employees
Source: IRS Form 990
The Thoracic Surgery Foundation
Officers, directors, trustees, and key employeesSOURCE: IRS Form 990
Compensation data
There are no highest paid employees recorded for this organization.
The Thoracic Surgery Foundation
Board of directorsas of 10/07/2024
Board of directors data
Dr. Joseph A. Dearani, MD
Mayo Clinic
Term: 2022 - 2025
Dr. Virginia R. Litle, MD
Steward Hospitals
Term: 2022 - 2025
Juan A. Crestanello, MD
Mayo Clinic
Anthony L. Estrera, MD
University of Texas Health Sciences Center
Gorav Ailawadi, MD
University of Michigan
Edward P. Chen, MD
Duke University
Carolyn A. Dubeau, MD
University of Texas Health San Antonio
Melanie A. Edwards, MD
IHA
Karen M. Kim, MD
University of Texas at Austin
Scott A. LeMaire, MD
Baylor College of Medicine
Thomas E. MacGillivray, MD
MedStar
Meena Nathan, MD
Boston Children's Hospital
Tom C. Nguyen, MD
UCSF
Vinod H. Thourani, MD
Piedmont Heart Institute
Board leadership practices
GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.
-
Board orientation and education
Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes -
CEO oversight
Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes -
Ethics and transparency
Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes -
Board composition
Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes -
Board performance
Has the board conducted a formal, written self-assessment of its performance within the past three years? Yes
Organizational demographics
Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.
Leadership
The organization's leader identifies as:
Race & ethnicity
Gender identity
Transgender Identity
Sexual orientation
No data
Disability
No data
Equity strategies
Last updated: 10/02/2024GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more
- We review compensation data across the organization (and by staff levels) to identify disparities by race.
- We ask team members to identify racial disparities in their programs and / or portfolios.
- We analyze disaggregated data and root causes of race disparities that impact the organization's programs, portfolios, and the populations served.
- We disaggregate data to adjust programming goals to keep pace with changing needs of the communities we support.
- We employ non-traditional ways of gathering feedback on programs and trainings, which may include interviews, roundtables, and external reviews with/by community stakeholders.
- We disaggregate data by demographics, including race, in every policy and program measured.
- We have long-term strategic plans and measurable goals for creating a culture such that one’s race identity has no influence on how they fare within the organization.
- We use a vetting process to identify vendors and partners that share our commitment to race equity.
- We have a promotion process that anticipates and mitigates implicit and explicit biases about people of color serving in leadership positions.
- We seek individuals from various race backgrounds for board and executive director/CEO positions within our organization.
- We have community representation at the board level, either on the board itself or through a community advisory board.
- We help senior leadership understand how to be inclusive leaders with learning approaches that emphasize reflection, iteration, and adaptability.
- We measure and then disaggregate job satisfaction and retention data by race, function, level, and/or team.
- We engage everyone, from the board to staff levels of the organization, in race equity work and ensure that individuals understand their roles in creating culture such that one’s race identity has no influence on how they fare within the organization.
Contractors
Fiscal year endingProfessional fundraisers
Fiscal year endingSOURCE: IRS Form 990 Schedule G