American College of Chest Physicians

“The governance committee shall be composed of the immediate past president, the chair of the board of advisors, and between 4 and 5 regents-at-large. The immediate past president shall serve as chair of the committee. The governance committee shall receive and evaluate nominations for officers and regent positions and prepare recommendations for the board. The procedures relating to call for, receipt, evaluation, recommendation, and election of officers and regents shall be set forth in the committee's charter. The governance committee shall periodically review the college's governance documents and make recommendations to the board as deemed necessary, and shall perform such other duties as set forth in the committee's charter or as assigned by the board.”

“The college may have one or more types of membership. Any addition, termination, or modification of a membership type that addresses a right to vote under these bylaws or that changes who is eligible to be a regent or officer of the college is subject to approval by the board. Fellow: a fellow is a member who meets qualifications established by the board and who has applied for such designation and been approved according to procedures established by the college. Current fellows in good standing may use the designation "fccp." master fellow: a master fellow is a fellow who has been nominated for such designation and approved by the board. A master fellow's dues shall be waived and they use the designation "master fccp" as long as they remain a fellow in good standing. Honorary fellow: an honorary fellow is an individual who is not otherwise a member but who has been determined by the board to have made a significant contribution to the field of chest medicine worthy of distinction. An honorary fellow may use the designation "fccp honorary"fccp (hon)," subject to revocation by the board.”

“Prior to filing the return with the irs, a draft of the completed form 990 is reviewed by the organization's finance committee. Subsequent to the finance committee's review, the completed and final form 990 is presented to the organization's board of directors for review and filed with the irs.”

“Annually, the organization distributes an electronic conflict of interest questionnaire to all interested persons to determine if any potential or actual conflict of interest exists. The professional standards committee reviews each questionnaire electronically submitted by these individuals to determine if any potential or actual conflicts of interest exist and requires the attention of the board. If the board determines that an actual conflict exists, then the interested person with the conflict will recuse him/herself from any related discussion, vote or similar action on the matter.”

“For the year ended december 31, 2023 the compensation committee, made up of independent members, compared the compensation for "disqualified persons" to that of the established "peer group" based on a study conducted by an independent compensation consultant, noting that the compensation for the disqualified persons was reasonable. These deliberations and decisions were documented contemporaneously. For the year ending december 31, 2024 the compensation for the "disqualified persons" were compared to the 990s of the "peer groupcompensation surveys and determined that their compensation was reasonable.”

“For the years ended december 31, 2024 and december 31, 2023 the compensation committee, made up of independent members, compared the compensation for "disqualified persons" to that of the established "peer group" based on a study conducted by an independent compensation consultant for a prior fiscal year, noting that the compensation for the disqualified persons was reasonable. These deliberations and decisions were documented contemporaneously. The college's board of regents determined that the president, president elect, immediate past-president and president designate shall receive honorariums for the time served in these positions. Similar medical associations were surveyed to determine what board positions in similar associations received honorariums, the amount of time the board members spend on association business and the amount of honorariums they received. Based on the data collected a proposal was made to the college's board with the related "proposed paid" board positions recusing themselves from the meeting and vote. The board passed the current honorarium structure.”

“The organization's bylaws and conflict of interest policy are available on the organization's website. Other documents which are required to be made available to the public, pursuant to irc 6104, are available upon request.”

“Unrealized gains on investments: $2,313,912 unrealized gains on interest rate swap: $226,910”

“Leadership, networks, and membership: interdisciplinary, focused-interest groups are establihed to provide the opportunity to form a professional alliance with other members or groups who share similar expertise and concerns relative to clinical practice and/or community health issues. Philanthropy: in 2024, the american college of chest physicians (chest) philanthropic approach aligned with the organizational mission and elevated the value placed on giving, making it a core priority and responsibility of chest as an organization. In 2024, chest aided researchers, provided needed resources for community impact programs, and connected up-and-coming trainees and medical educators with resources and mentors. Chest continues to expand many programs through philanthropy, including grants that will create more avenues to support member research, educate the next generation of chest physicians, and empower the work of our members embedded in communities that need them.”