Civic Intelligence

International Society for Heart & Lung

EIN 36-3142246 • 501(c)3 • Chicago, IL

Profile

The mission of the society is:1. To associate persons interested in the fields of heart and lung transplantation,end-stage heart and lung disease, and related sciences.2. To encourage and stimulate basic and clinical research in these disciplines andto promote new therpeutic strategies.3. To hold scientific meetings featuring presentations and discussions relevant tothese disciplines.4. To sponsor a scientific journal for the publication of manuscripts related tothese disciplines.5. To establish and maintain an international registry for heart and lung transplantation.6. To award research grants and establish endowments for the study of thesedisciplines.

141 W Jackson Suite 1340Chicago, IL 60604

www.ishlt.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

46th percentile

0.14x

Higher debt load relative to assets than 46% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

63rd percentile

0.39x

Higher debt load relative to revenue than 63% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

22nd percentile

-6.0%

Higher net margin than 22% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

89th percentile

$438,179

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 6.2% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

51st percentile

5.2%

Faster asset growth than 51% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2024

Revenue Growth

47th percentile

5.7%

Faster revenue growth than 47% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2024

Assets

Down

$19,183,052

Down $56,871 (-0.3%) from 2023

Liabilities

Down

$2,746,617

Down $22,336 (-0.8%) from 2023

Net Assets

Down

$16,436,435

Down $34,535 (-0.2%) from 2023

Revenue

Up

$7,118,392

Up $194,589 (+2.8%) from 2023

Expenses

Up

$7,543,693

Up $1,820,566 (+32%) from 2023

Net Income

Down

-$425,301

Down $1,625,977 (-135%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20M$15M$10M$5.0M$0Assets 2011: $6,814,425Liabilities 2011: $1,575,118Net Assets 2011: $5,239,3072011Assets 2013: $9,239,430Liabilities 2013: $2,189,217Net Assets 2013: $7,050,2132013Assets 2014: $10,164,175Liabilities 2014: $1,617,023Net Assets 2014: $8,547,1522014Assets 2015: $10,329,220Liabilities 2015: $1,577,501Net Assets 2015: $8,751,7192015Assets 2016: $12,149,195Liabilities 2016: $1,840,155Net Assets 2016: $10,309,0402016Assets 2017: $14,490,924Liabilities 2017: $2,051,271Net Assets 2017: $12,439,6532017Assets 2018: $13,214,835Liabilities 2018: $2,272,011Net Assets 2018: $10,942,8242018Assets 2019: $15,908,480Liabilities 2019: $2,266,663Net Assets 2019: $13,641,8172019Assets 2020: $14,961,655Liabilities 2020: $1,449,685Net Assets 2020: $13,511,9702020Assets 2021: $16,952,293Liabilities 2021: $1,479,696Net Assets 2021: $15,472,5972021Assets 2022: $17,334,936Liabilities 2022: $3,543,640Net Assets 2022: $13,791,2962022Assets 2023: $19,239,923Liabilities 2023: $2,768,953Net Assets 2023: $16,470,9702023Assets 2024: $19,183,052Liabilities 2024: $2,746,617Net Assets 2024: $16,436,4352024

Highlighted filing

2024

Assets$19,183,052
Liabilities$2,746,617
Net Assets$16,436,435

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2011: $3,106,1942011Revenue 2013: $4,090,271Expenses 2013: $3,557,613Net Income 2013: $532,6582013Revenue 2014: $4,639,349Expenses 2014: $4,116,620Net Income 2014: $522,7292014Revenue 2015: $5,158,738Expenses 2015: $4,483,739Net Income 2015: $674,9992015Revenue 2016: $5,713,096Expenses 2016: $4,580,662Net Income 2016: $1,132,4342016Revenue 2017: $6,114,675Expenses 2017: $5,108,339Net Income 2017: $1,006,3362017Revenue 2018: $5,705,183Expenses 2018: $6,012,710Net Income 2018: -$307,5272018Revenue 2019: $6,607,302Expenses 2019: $5,483,502Net Income 2019: $1,123,8002019Revenue 2020: $2,360,542Expenses 2020: $3,310,773Net Income 2020: -$950,2312020Revenue 2021: $4,949,558Expenses 2021: $3,967,612Net Income 2021: $981,9462021Revenue 2022: $6,373,232Expenses 2022: $5,659,271Net Income 2022: $713,9612022Revenue 2023: $6,923,803Expenses 2023: $5,723,127Net Income 2023: $1,200,6762023Revenue 2024: $7,118,392Expenses 2024: $7,543,693Net Income 2024: -$425,3012024

Highlighted filing

2024

Revenue$7,118,392
Expenses$7,543,693
Net Income-$425,301

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 10, 2025
Return Version
2024v5.2
Gross Receipts
$7,118,392
Mission and Program Overview

Mission

The purposes of the Society are:Promoting the association of persons interested in the fields of heart and lung transplantation, end-stage heart and lung disease and related sciences;??Encouraging and stimulating basic and clinical research in heart and lung transplantation and end-stage heart and lung disease, and promoting new therapeutic strategies;?Holding scientific meetings featuring presentations and discussions relevant to heart and lung transplantation and the treatment of end-stage heart and lung disease;Sponsoring a scientific journal for the publication of manuscripts related to these disciplines;?Maintaining an international registry for heart and lung transplantation;Awarding research grants and establishing endowments for the study of heart and lung transplantation and end-stage heart and lung disease, when funds are available and without jeopardizing the financial well-being of the organization; andSponsoring and conducting educational activities and providing education

The international society for heart and lung transplantation (ishlt) is a not-for-profit organization dedicated to the advancement of the science and treatment of end-stage heart and lung diseases.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$16,881,914$16,843,576▼ $38,338
Savings and Temporary Cash Investments$647,600$622,330▼ $25,270
Prepaid Expenses and Deferred Charges$792,715$596,642▼ $196,073
Accounts Receivable$164,277$467,470▲ $303,193
Cash and Non-Interest-Bearing Accounts$297,623$250,000▼ $47,623
Land, Buildings, and Equipment, Net$957$139,280▲ $138,323
Total Assets$19,239,923$19,183,052▼ $56,871
Other Assets Total$454,837$263,754▼ $191,083
Liabilities
Deferred Revenue$1,558,515$2,446,258▲ $887,743
Other Liabilities$841,989$217,389▼ $624,600
Grants Payable$225,891$52,500▼ $173,391
Accounts Payable and Accrued Expenses$142,558$30,470▼ $112,088
Total Liabilities$2,768,953$2,746,617▼ $22,336
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$15,928,991$16,436,435▲ $507,444
Net Assets With Donor Restrictions$541,979$0▼ $541,979
Total Net Assets Fund Balance$16,470,970$16,436,435▼ $34,535
Total Liabilities and Net Assets / Fund Balance$19,239,923$19,183,052▼ $56,871

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$139,280$142,841$282,121
Equipment$0$2,872$2,872

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$461,801-▲ $60,719$2,075-
2023$399,659-▲ $64,070$1,928$461,801
2022$461,527-▼ $59,962$1,906$399,659
2021$413,163-▲ $53,716$5,352$461,527
2020$385,504-▲ $31,811$4,152$413,163
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Gregory SchultzCEOFT$332,256$105,923$438,179
Jacqueline SchweinzgerDirector of MeetingsFT$145,915$22,807$168,722
Susan BessnerDirector of EducationFT$146,201$14,096$160,297
Aaron AdairCOOFT$122,475$31,892$154,367
Jessica BurkeDirector of MarketingFT$119,879$5,116$124,995

Board Members and Trustees

NameTitle
Jason ChristiePast President
Christian BendenPresident
Josef StehlikPresident-elect
Caron BurchDirector
David a BaranDirector
Diyar SaeedDirector
Haifa LysterDirector
Jignesh K PatelDirector
Laurie SnyderDirector
Marta Farrero TorresDirector
Martin SchweigerDirector
Saima AslamDirector
Simon UrschelDirector
Yael PeledDirector
Peter M HopkinsSecretary
Mardi Gomberg-maitlandTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
FreemanGraphic Design & Onsite LogisticsPO BOX 734596, Dallast, TX 75373$208,459
Revenue and Support

Revenue Composition

Contributions and Grants
$35,766
Program Service Revenue
$6,351,424
Investment Income
$670,147
Other Revenue
$61,055
All Other Contributions
$35,766
Change in Net Assets
$-425,301

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,061,831
Revenue Not Reported on Financial Statements
$56,561
Revenue Not Reported on Form 990
$991,389
Total Revenue per Audited Statements
$8,053,220
Total Revenue per Form 990
$7,118,392
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,630,042
Salaries, Compensation, and Employee Benefits$1,874,651
Grants and Similar Amounts Paid$1,039,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,000,000--$1,000,000
Conferences and Meetings$879,931--$879,931
Current Officers, Directors, Trustees, and Key Employees$573,917$282,676-$856,593
Other Salaries and Wages$619,688$98,019-$717,707
Information Technology$341,116$126,171-$467,287
Other Expenses$425,999--$425,999
Travel$314,080$1,383-$315,463
All Other Expenses$92,996$83,357-$176,353
Office Expenses$165,232$8,024-$173,256
Other Employee Benefits$119,908$51,389-$171,297
Occupancy-$135,899-$135,899
Payroll Taxes$90,338$38,716-$129,054
Fees for Services Accounting-$118,880-$118,880
Advertising$47,384$38,339-$85,723
Insurance$33,500$38,581-$72,081
Fees for Service Investment Mgmnt Fees-$56,561-$56,561
Fees for Services Other$8,320$33,780-$42,100
Depreciation Depletion-$35,777-$35,777
Foreign Grants$21,000--$21,000
Grants to Domestic Individuals$18,000--$18,000
Fees for Services Legal$1,217--$1,217
Total Functional Expenses$6,396,141$1,147,552$0$7,543,693

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$7,543,693
Expenses per Audited Statements$7,487,132
Total Expenses per Audited Statements$7,487,132
Expenses Not Reported on Financial Statements$56,561
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Ishlt FoundationChicago, IL501c3Research Grant$1,000,000

International Summary

Offices
0
Employees
0
Spending
$40,000

International Compliance

Foreign grant records maintained
No
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Europe (including Iceland & Greenland)Grants to Recipients Located in RegionGrants and Awards00$40,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$217,389
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Active membership - is open to all individuals actively engaged in transplantation medicine or related medical or commercial fields. Active members may vote, hold office, and serve on committees. Associate membership - is open to all individuals in training (resident, fellow, medical student, nursing student, graduate student). Associate members are assessed a reduced membership fee. Associate membership is limited to three years. Associate members may not vote or hold office, but may serve on committees. Retired membership - is granted to all members who write to the board of directors requesting it, who have been members in good standing for the 10 years prior to the request, and who have retired from active medical practice. Membership dues are waived for retired members. Retired members may not vote, hold office, or serve on committees.

Form 990, Part VI, Section A, Line 7A

Active members elect the board.

Form 990, Part VI, Section A, Line 7B

Active members must approve of any changes to the society's bylaws.

Form 990, Part VI, Section B, Line 11B

The president and/or treasurer reviews the form 990 prior to submission and the board reviews after submission at a board meeting.

Form 990, Part VI, Section B, Line 12C

We collect conflict of interest (coi) disclosure information from committee members, scientific council leaders, guidelines developers, board members and others in leadership positions. There are collated and distributed to the other individuals on the relevant committee, etc., for purposes of self-monitoring. They are kept on file. The society has a coi committee that reviews all coi disclosures, monitors compliance at board and key committee meetings with the society's coi policy, and adjudicates all violations of the coi policy.

Form 990, Part VI, Section B, Line 15

The board of directors approves the compensation of officers and key employees, as well as the staff compensation budget in aggregate. The board considers benchmark data from national and regional association salary surveys in this process.

Form 990, Part VI, Section C, Line 19

Governing documents, policies, and financial statements are available upon request. Bylaws and organizational documents are also available on the organization's website.

Filing and Contact Details

Filer

Filer Name
International Society for Heart & Lung
EIN
36-3142246
Phone
3122241261
Address
141 W JACKSON SUITE 1340, CHICAGO, IL 60604

Signing Officer

Name
Gregory Schultz
Title
CEO
Phone
3122241261
Signed
2025-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gregory Schultz
Formed
1981
Legal Domicile
Il
Voting Board Members
16
Independent Board Members
16
Employees
13
Volunteers
301

Preparer

Firm
Porte Brown LLC
Address
9014 HERITAGE PARKWAY SUITE 308, WOODRIDGE, IL 60517
Preparer
Megan Angle
Phone
7084291040
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Asset transfer to ishlt foundation -600,623.

FORM 990, PART XII, LINE 2C:

No changes in process from the prior year.

Financial Statement Notes

PART V, LINE 4:

The purpose of the endowment fund is to provide income to fund the publication of the monograph series. During 2024, the society transferred the endowment to ishlt foundation, a related party.

PART X, LINE 2:

The society has adopted the provision of asc topic 740, income taxes, relating to the accounting for uncertainty in income taxes. The society files information returns in the u.s. Federal jurisdiction and the state of illinois. Management is not aware of any uncertain tax positions.

Raw XML AppendixShowing 400 of 815 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0THE INTERNATIONAL SOCIETY FOR HEART AND LUNG TRANSPLANTATION (ISHLT) IS A NOT-FOR-PROFIT ORGANIZATION DEDICATED TO THE ADVANCEMENT OF THE SCIENCE AND TREATMENT OF END-STAGE HEART AND LUNG DISEASES.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5PAST PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14PRESIDENT-ELECT
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt17COO
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR OF MEETINGS
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR OF EDUCATION
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR OF MARKETING
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IRS990/MissionDesc0THE MISSION OF THE SOCIETY IS:1. TO ASSOCIATE PERSONS INTERESTED IN THE FIELDS OF HEART AND LUNG TRANSPLANTATION,END-STAGE HEART AND LUNG DISEASE, AND RELATED SCIENCES.2. TO ENCOURAGE AND STIMULATE BASIC AND CLINICAL RESEARCH IN THESE DISCIPLINES ANDTO PROMOTE NEW THERPEUTIC STRATEGIES.3. TO HOLD SCIENTIFIC MEETINGS FEATURING PRESENTATIONS AND DISCUSSIONS RELEVANT TOTHESE DISCIPLINES.4. TO SPONSOR A SCIENTIFIC JOURNAL FOR THE PUBLICATION OF MANUSCRIPTS RELATED TOTHESE DISCIPLINES.5. TO ESTABLISH AND MAINTAIN AN INTERNATIONAL REGISTRY FOR HEART AND LUNG TRANSPLANTATION.6. TO AWARD RESEARCH GRANTS AND ESTABLISH ENDOWMENTS FOR THE STUDY OF THESEDISCIPLINES.
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IRS990/OtherExpensesGrp/Desc1AUDIO VISUAL
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IRS990/OtherExpensesGrp/Desc3JOURNAL
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IRS990/ProgramServiceRevenueGrp/Desc0ANNUAL MEETING
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IRS990/ProgramServiceRevenueGrp/Desc2PUBLICATIONS
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt37604
IRS990/ProgSrvcAccomActy2Grp/Desc0JOURNAL: THE SOCIETY PUBLISHES A MONTHLY JOURNAL DEDICATED TO ADVANCES IN THE FIELD OF INTRATHORACIC ORGAN TRANSPLANTATION, SUPPORT, AND REPLACEMENT.
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IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0609191
IRS990/ProgSrvcAccomActy3Grp/Desc0REGISTRY: THE SOCIETY MANAGES TWO TRANSPLANT REGISTRIES, THE INTERNATIONAL REGISTERY FOR MECHANICALLY ASSISTED CIRCULATORY SUPPORT (IMACS) AND THE INTERNATIONAL THORACIC ORGAN TRANSPLANT (TTX) REGISTRY. THE REGISTRIES PROMOTE SCIENTIFIC INVESTIGATIONS AND PUBLICATIONS BASED ON ANALYSES OF MULTINATIONAL DATA.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0354730
IRS990/ProgSrvcAccomActyOtherGrp/Desc0ACADEMIES: FOR THE PURPOSE OF DEVELOPING AN ENDURING RESOURCE OF EDUCATION IN CORE COMPETENCIES AND MASTERS' LEVEL EXPERTISE IN THE FIELDS OF CARDIOPULMONARY TRANSPLANTATION, MECHANICAL AND BIOLOGICAL SUPPORT OF THE FAILING HEART, AND ADVANCED LUNG DISEASE (INCLUDING PULMONARY VASCULAR DISEASE), THE SOCIETY HOSTS A VARYING NUMBER OF ACADEMIES ANNUALLY. THESE EDUCATIONAL PROGRAMS INCLUDE EDUCATIONAL PRESENTATIONS AND FACILITATED DISCUSSION DESIGNED TO FOSTER KNOWLEDGE SHARING TO IMPROVE PATIENT OUTCOMES.
IRS990/ProgSrvcAccomActyOtherGrp/Desc1THE SOCIETY HAS VARIOUS OTHER PROGRAMS THAT INCLUDE GOVERNANCE, GRANTS AND AWARDS, MEMBERSHIP, AND OTHER PROGRAMS.
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