The Thoracic Surgery Foundation

“The society of thoracic surgeons (sts) of chicago, illinois, maintains the books and records of the organization and performs other related managerial and administrative functions for which it is compensated.”

“During 2023, tsf revised its bylaws. These revisions were as follows: 1. To update the organization's mission statement 2. To extend officer terms from two years to three years with staggered terms and adjust the minimum and maximum number of seats on the tsf board to comply with illinois state requirements allowing a range of no more than five seats.”

“The society of thoracic surgeons of chicago, a related organization, is responsible for the approval of bylaw changes as well as approval and appointment of officers and board members.”

“The society of thoracic surgeons of chicago, a related organization, is responsible for the approval of bylaw changes as well as approval and appointment of officers and board members.”

“The 990 is reviewed by the administrative staff of the management company (sts) and is then provided to the treasurer, and then governing body, for final review before it is filed.”

“Tsf has a formal conflict of interest policy. All board and committee members are required to sign the policy and disclose conflicts annually. The signed policy and disclosures are sent to tsf administration. They are recorded and monitored periodically throughout the year. If there is a conflict, it is brought to the attention of the board president for further action. The board president reads a disclosure statement at the beginning of each board meeting.”

“Compensation of the executive director is determined by a related organization, the society of thoracic surgeons of chicago. The related organization utilizes an independent compensation consultant, and compensation surveys or studies, to determine compensation of the executive director of tsf.”

“Form 990 is available to the public upon request at the administrative offices of the organization's management company (sts), and on the foundation's website.”

“The conflict of interest policy and financial statements are available to the public upon request at the administrative offices of the organization's management company.”

“Compensation reported for lee wiensch, tsf's current executive director, is paid by a related organization and common paymaster, the society of thoracic surgeons (sts) ein 36-3022713. Since all services performed by this individual are for the thoracic surgery foundation, the compensation has been reported in column d as if paid by the filing organization. Sts has complied with payroll filing requirements.”