Civic Intelligence

Ctsnet Inc

990 • Fiscal year 2022 • EIN 36-4290294

Jan 01, 2022 to Dec 31, 2022 • Filed on Oct 21, 2023

Organization ProfileWWW.CTSNET.ORG

View Organization Page

633 N Saint Clair Street 2100Chicago, IL 60611

(312) 202-5848

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

26th percentile

0.03x

Higher debt load relative to assets than 26% of similar nonprofits.

2022 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

40th percentile

0.12x

Higher debt load relative to revenue than 40% of similar nonprofits.

2022 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2022

Net Margin

95th percentile

40%

Higher net margin than 95% of similar nonprofits.

2022 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

26th percentile

$0

Higher top officer pay than 26% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2022

Asset Growth

36th percentile

-3.2%

Faster asset growth than 36% of similar nonprofits.

2022 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

8th percentile

-23%

Faster revenue growth than 8% of similar nonprofits.

2022 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets26th percentile

Assets

Down

$4,307,787

Down $144,684 (-3.2%) from 2021

Net Assets

Down

$4,198,528

Down $86,511 (-2.0%) from 2021

Liabilities

Down

$109,259

Down $58,173 (-35%) from 2021

Revenue And Expenses
Liabilities / Revenue40th percentileNet Margin95th percentile

Revenue

Down

$912,801

Down $271,606 (-23%) from 2021

Expenses

Up

$549,975

Up $85,152 (+18%) from 2021

Net Income

Down

$362,826

Down $356,758 (-50%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth36th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2012: $321,682Liabilities 2012: $261,758Net Assets 2012: $59,9242012Assets 2013: $350,392Liabilities 2013: $40,348Net Assets 2013: $310,0442013Assets 2014: $778,532Liabilities 2014: $60,592Net Assets 2014: $717,9402014Assets 2015: $1,299,280Liabilities 2015: $92,873Net Assets 2015: $1,206,4072015Assets 2016: $1,845,821Liabilities 2016: $114,049Net Assets 2016: $1,731,7722016Assets 2017: $2,412,767Liabilities 2017: $121,093Net Assets 2017: $2,291,6742017Assets 2018: $2,478,062Liabilities 2018: $41,000Net Assets 2018: $2,437,0622018Assets 2019: $3,186,266Liabilities 2019: $82,714Net Assets 2019: $3,103,5522019Assets 2020: $3,670,453Liabilities 2020: $81,084Net Assets 2020: $3,589,3692020Assets 2021: $4,452,471Liabilities 2021: $167,432Net Assets 2021: $4,285,0392021Assets 2022: $4,307,787Liabilities 2022: $109,259Net Assets 2022: $4,198,5282022Assets 2023: $4,830,045Liabilities 2023: $135,523Net Assets 2023: $4,694,5222023Assets 2024: $5,005,779Liabilities 2024: $84,425Net Assets 2024: $4,921,3542024

Highlighted filing

2022

Assets$4,307,787
Liabilities$109,259
Net Assets$4,198,528
Open 2022 Filing

Operations Trend

Revenue Growth8th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2012: $576,6692012Revenue 2013: $871,026Expenses 2013: $620,906Net Income 2013: $250,1202013Revenue 2014: $800,192Expenses 2014: $392,296Net Income 2014: $407,8962014Revenue 2015: $938,624Expenses 2015: $439,177Net Income 2015: $499,4472015Revenue 2016: $902,816Expenses 2016: $399,841Net Income 2016: $502,9752016Revenue 2017: $1,007,001Expenses 2017: $515,739Net Income 2017: $491,2622017Revenue 2018: $900,365Expenses 2018: $594,679Net Income 2018: $305,6862018Revenue 2019: $1,069,664Expenses 2019: $589,062Net Income 2019: $480,6022019Revenue 2020: $879,380Expenses 2020: $566,810Net Income 2020: $312,5702020Revenue 2021: $1,184,407Expenses 2021: $464,823Net Income 2021: $719,5842021Revenue 2022: $912,801Expenses 2022: $549,975Net Income 2022: $362,8262022Revenue 2023: $895,160Expenses 2023: $749,850Net Income 2023: $145,3102023Revenue 2024: $863,236Expenses 2024: $911,860Net Income 2024: -$48,6242024

Highlighted filing

2022

Revenue$912,801
Expenses$549,975
Net Income$362,826
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 21, 2023
Return Version
2022v5.0
Gross Receipts
$2,339,321
Mission and Program Overview

Mission

To connect the global cardiothoracic community.

Connect the global cardiothoracic community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$4,285,039$4,198,528▼ $86,511
Investments in Publicly Traded Securities$3,114,086$3,036,858▼ $77,228
Cash and Non-Interest-Bearing Accounts$976,450$941,303▼ $35,147
Accounts Receivable$225,766$167,000▼ $58,766
Land, Buildings, and Equipment, Net$95,410$154,274▲ $58,864
Prepaid Expenses and Deferred Charges$40,759$8,352▼ $32,407
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$4,452,471$4,307,787▼ $144,684
Liabilities
Deferred Revenue$164,875$107,458▼ $57,417
Accounts Payable and Accrued Expenses$2,557$1,801▼ $756
Total Liabilities$167,432$109,259▼ $58,173
Net Assets / Fund Balance
Total Net Assets Fund Balance$4,285,039$4,198,528▼ $86,511
Total Liabilities and Net Assets / Fund Balance$4,452,471$4,307,787▼ $144,684

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$154,274$253,711$407,985
Compensation and Service Providers
Top Officer Pay26th percentile

Board Members and Trustees

NameTitle
Duke E Cameron MdPresident
Basel Ramlawi MdDirector
J Rafael Sadaba MdDirector
Mara B Antonoff MdDirector
Marisa Cevasco MdDirector
Thomas K Varghese MdDirector
Lana Y Schumacher MdDirector (after Nov 2022)
Marjan Jahangiri MdDirector (after Nov 2022)
Moritz C Wyler Von Ballmoos MdDirector (through Nov 2022)
W Randolph Chitwood Jr MdDirector (through Nov 2022)
Grahame RushExecutive Director
Patrick O Myers MdSecretary
Joseph F Sabik MdTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
The Society Of Thoracic SurgeonsManagement Services633 N SAINT CLAIR STREET SUITE 210, Chicago, IL 60611$437,056
Revenue and Support

Revenue Composition

Contributions and Grants
$162,855
Program Service Revenue
$758,441
Investment Income
$-11,295
Other Revenue
$2,800
All Other Contributions
$162,855
Change in Net Assets
$362,826
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$549,975
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management---$437,056
Information Technology---$42,778
Depreciation Depletion---$18,261
Fees for Service Investment Mgmnt Fees---$16,597
Fees for Services Other---$9,523
Travel---$5,666
Office Expenses---$4,925
Insurance---$4,887
Other Expenses---$3,513
Conferences and Meetings---$2,665
Fees for Services Accounting---$2,459
Advertising---$1,633
All Other Expenses---$12
Total Functional Expenses$0$0$0$549,975
International Activity

International Summary

Offices
0
Employees
0
Spending
$0

International Compliance

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
East Asia and the PacificProgram ServicesMembership Due Revenue00-
Europe (including Iceland & Greenland)Program ServicesMembership Due Revenue00-
Middle East and North AfricaProgram ServicesMembership Due Revenue00-
North AmericaProgram ServicesMembership Due Revenue00-
Russia and Neighboring StatesProgram ServicesMembership Due Revenue00-
South AmericaProgram ServicesMembership Due Revenue00-
Sub-saharan AfricaProgram ServicesMembership Due Revenue00-
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
In-house lobbying only
Yes
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“Per a management agreement between both parties, ctsnet has retained the society of thoracic surgeons (sts) to provide administrative management services and to perform such other duties and services as may be entrusted to sts by ctsnet in accordance with ctsnet's bylaws, articles of incorporation, rules and regulations and budget. The sts office serves as the headquarters for ctsnet. The employees of sts provide these services.”

Form 990, Part VI, Section A, Line 6

“Ctsnet is comprised of it's three founding members: society of thoracic surgeons (sts), american assocation for thoracic surgery (aats), and european association for cardio-thoracic surgery (eacts). In addition, ctsnet has participation agreements in place with over 30 cardiothoracic surgery professional organizations.”

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

“The board of directors is comprised of ten directors which are appointed by the members, four by sts, and three each by aats and eacts. Each director shall be appointed for a two year term and until his or her successor has been appointed and qualified. The officers (president, secretary, and treasurer) are elected by and from the board of directors. One representative from each member will serve the offices of president, secretary, and treasurer at all times, except during period of any unfilled vacancies.”

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

“The governing body is entirely made up of representatives from each of the three members”

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

“An electronic copy of form 990 is provided to the board of directors via email.”

Form 990, Part VI, Section C, Line 19

“The financial statements and organization's governing documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Ctsnet Inc
EIN
36-4290294
Phone
3122025848
Address
633 N SAINT CLAIR STREET 2100, CHICAGO, IL 60611

Signing Officer

Name
Joseph Sabik Md
Title
Treasurer
Phone
3122025848
Signed
2023-10-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph Sabik Md
Formed
1999
Legal Domicile
Il
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
33

Preparer

Firm
Cliftonlarsonallen Llp
Address
2021 SPRING ROAD SUITE 200, OAK BROOK, IL 60523
Preparer
Melissa Struck
Phone
6305738600
Raw XML AppendixShowing 400 of 454 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/Desc0PROVIDES VALUABLE EDUCATIONAL AND PROFESSIONAL WEB-BASED RESOURCES FOR A COMMUNITY OF OVER 51,000 CARDIOTHORACIC SURGEONS AND ALLIED HEALTH PROFESSIONALS INVOLVED IN THE CARDIOTHORACIC SURGERY SPECIALTY.
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IRS990/NetUnrelatedBusTxblIncmAmt044320
IRS990/NetUnrlzdGainsLossesInvstAmt0-449337
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/TotalAmt04925
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0STATE TAXES
IRS990/OtherExpensesGrp/TotalAmt03513
IRS990/OtherRevenueMiscGrp/BusinessCd0900003
IRS990/OtherRevenueMiscGrp/Desc0COPYRIGHTS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt02800
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02800
IRS990/OtherRevenueTotalAmt02800
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt040759
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt08352
IRS990/PrincipalOfficerNm0JOSEPH SABIK MD
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900003
IRS990/ProgramServiceRevenueGrp/BusinessCd1900003
IRS990/ProgramServiceRevenueGrp/BusinessCd2900003
IRS990/ProgramServiceRevenueGrp/BusinessCd3900003
IRS990/ProgramServiceRevenueGrp/BusinessCd4900003
IRS990/ProgramServiceRevenueGrp/Desc0WEB RESOURCES
IRS990/ProgramServiceRevenueGrp/Desc1EDUCATION
IRS990/ProgramServiceRevenueGrp/Desc2ADVERTISING
IRS990/ProgramServiceRevenueGrp/Desc3ORGANIZATIONAL SUPPORT
IRS990/ProgramServiceRevenueGrp/Desc4INDUSTRY FORUM
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0361216
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1164188
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt261220
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt387577
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt46500
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0361216
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1164188
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2138960
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt387577
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt46500
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt077740
IRS990/ProgSrvcAccomActy2Grp/Desc0PROVIDES MEETING PRESENTATION AND EVENT-POSTING SERVICES FOR OVER 30 CARDIOTHORACIC SURGERY PROFESSIONAL ORGANIZATIONS. WEBSITE INCLUDES SECTIONS ON EXPERT TECHNIQUES, SURGICAL VIDEOS, SURGEON PROFILES, MEDICAL JOURNALS, RESIDENT-FOCUSED CONTENT, AND SPECIALTY-RELATED EVENTS.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0140653
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0319828
IRS990/PYOtherExpensesAmt0464823
IRS990/PYOtherRevenueAmt0600
IRS990/PYProgramServiceRevenueAmt0723326
IRS990/PYRevenuesLessExpensesAmt0719584
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0464823
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01184407
IRS990/ReconcilationRevenueExpnssAmt0362826
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt04285039
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt04198528
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/OnlyInHouseLobbyingInd01
IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0154274
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0253711
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0407985
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0154274
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt10
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt20
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt30
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt40
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt50
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt60
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt10
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt20
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt30
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt40
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt50
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt60
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0EAST ASIA AND THE PACIFIC
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt1EUROPE (INCLUDING ICELAND & GREENLAND)
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt2MIDDLE EAST AND NORTH AFRICA
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt3NORTH AMERICA
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt4RUSSIA AND NEIGHBORING STATES
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt5SOUTH AMERICA
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt6SUB-SAHARAN AFRICA
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0MEMBERSHIP DUE REVENUE
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt1MEMBERSHIP DUE REVENUE
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt2MEMBERSHIP DUE REVENUE
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt3MEMBERSHIP DUE REVENUE
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt4MEMBERSHIP DUE REVENUE
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt5MEMBERSHIP DUE REVENUE
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt6MEMBERSHIP DUE REVENUE
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0PROGRAM SERVICES
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt1PROGRAM SERVICES
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt2PROGRAM SERVICES
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt3PROGRAM SERVICES
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt4PROGRAM SERVICES
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt5PROGRAM SERVICES
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt6PROGRAM SERVICES
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinuationTotalEmployeeCnt00
IRS990ScheduleF/ContinuationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd00
IRS990ScheduleF/ForeignPartnershipInd00
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00
IRS990ScheduleF/SubtotalEmployeesCnt00
IRS990ScheduleF/SubtotalOfficesCnt00
IRS990ScheduleF/SubtotalSpentAmt00
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0PART III ACCOUNTING METHOD:
IRS990ScheduleF/TotalEmployeeCnt00
IRS990ScheduleF/TotalOfficeCnt00
IRS990ScheduleF/TotalSpentAmt00
IRS990ScheduleF/TransferToForeignCorpInd00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PER A MANAGEMENT AGREEMENT BETWEEN BOTH PARTIES, CTSNET HAS RETAINED THE SOCIETY OF THORACIC SURGEONS (STS) TO PROVIDE ADMINISTRATIVE MANAGEMENT SERVICES AND TO PERFORM SUCH OTHER DUTIES AND SERVICES AS MAY BE ENTRUSTED TO STS BY CTSNET IN ACCORDANCE WITH CTSNET'S BYLAWS, ARTICLES OF INCORPORATION, RULES AND REGULATIONS AND BUDGET. THE STS OFFICE SERVES AS THE HEADQUARTERS FOR CTSNET. THE EMPLOYEES OF STS PROVIDE THESE SERVICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CTSNET IS COMPRISED OF IT'S THREE FOUNDING MEMBERS: SOCIETY OF THORACIC SURGEONS (STS), AMERICAN ASSOCATION FOR THORACIC SURGERY (AATS), AND EUROPEAN ASSOCIATION FOR CARDIO-THORACIC SURGERY (EACTS). IN ADDITION, CTSNET HAS PARTICIPATION AGREEMENTS IN PLACE WITH OVER 30 CARDIOTHORACIC SURGERY PROFESSIONAL ORGANIZATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS IS COMPRISED OF TEN DIRECTORS WHICH ARE APPOINTED BY THE MEMBERS, FOUR BY STS, AND THREE EACH BY AATS AND EACTS. EACH DIRECTOR SHALL BE APPOINTED FOR A TWO YEAR TERM AND UNTIL HIS OR HER SUCCESSOR HAS BEEN APPOINTED AND QUALIFIED. THE OFFICERS (PRESIDENT, SECRETARY, AND TREASURER) ARE ELECTED BY AND FROM THE BOARD OF DIRECTORS. ONE REPRESENTATIVE FROM EACH MEMBER WILL SERVE THE OFFICES OF PRESIDENT, SECRETARY, AND TREASURER AT ALL TIMES, EXCEPT DURING PERIOD OF ANY UNFILLED VACANCIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING BODY IS ENTIRELY MADE UP OF REPRESENTATIVES FROM EACH OF THE THREE MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AN ELECTRONIC COPY OF FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS VIA EMAIL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE FINANCIAL STATEMENTS AND ORGANIZATION'S GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd01
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt04452471
IRS990/TotalAssetsEOYAmt04307787
IRS990/TotalAssetsGrp/BOYAmt04452471
IRS990/TotalAssetsGrp/EOYAmt04307787
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0162855
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0549975
IRS990/TotalGrossUBIAmt077740
IRS990/TotalLiabilitiesBOYAmt0167432
IRS990/TotalLiabilitiesEOYAmt0109259
IRS990/TotalLiabilitiesGrp/BOYAmt0167432
IRS990/TotalLiabilitiesGrp/EOYAmt0109259
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04285039
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04198528
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt0758441
IRS990/TotalReportableCompFromOrgAmt00

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,307,787
Liabilities
$109,259
Net assets
$4,198,528
Revenue
$912,801
Expenses
$549,975
Net income
$362,826
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.01$0.08$4.92$0.86$0.91$0.05
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.83$0.14$4.69$0.90$0.75$0.15
2022Detailed filing. Detailed filing data is available for this year.$4.31$0.11$4.20$0.91$0.55$0.36
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.45$0.17$4.29$1.18$0.46$0.72
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.67$0.08$3.59$0.88$0.57$0.31
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.19$0.08$3.10$1.07$0.59$0.48
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.48$0.04$2.44$0.90$0.59$0.31
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.41$0.12$2.29$1.01$0.52$0.49
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.85$0.11$1.73$0.90$0.40$0.50
2015Detailed filing. Detailed filing data is available for this year.$1.30$0.09$1.21$0.94$0.44$0.50
2014Detailed filing. Detailed filing data is available for this year.$0.78$0.06$0.72$0.80$0.39$0.41
2013Detailed filing. Detailed filing data is available for this year.$0.35$0.04$0.31$0.87$0.62$0.25
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.32$0.26$0.06$0.58