TIN:
SCHEDULE O
(Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service
(Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ
Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2018
Open to Public
Inspection
Inspection
Name of the organization
THE SOCIETY OF THORACIC SURGEONS
Employer identification number
36-3022713
36-3022713
| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 4 | EFFECTIVE JANUARY 29, 2018, ANY ACTIVE OR INTERNATIONAL MEMBER, UPON THE FIRST DAY OF JANUARY AFTER REACHING THE AGE OF SEVENTY YEARS, SHALL AUTOMATICALLY BECOME A SENIOR MEMBER. IN ADDITION, ANY ACTIVE OR INTERNATIONAL MEMBER SIXTY-ONE YEARS OF AGE OR OLDER, UPON THE SUBMISSION OF A DECLARATION OF RETIREMENT FROM EMPLOYMENT IN THE FIELD OF MEDICINE TO THE SECRETARY FOR RECOMMENDATION TO THE BOARD OF DIRECTORS, AND WITH BOARD OF DIRECTORS APPROVAL, SHALL BECOME A SENIOR MEMBER EFFECTIVE THE FIRST DAY OF JANUARY AFTER SUCH BOARD APPROVAL. NOTICE OF SUCH TRANSFER TO SENIOR MEMBERSHIP SHALL BE FURNISHED TO THE MEMBER BY THE SECRETARY. ALSO, SENIOR MEMBERS SHALL POSSESS ALL THE RIGHTS, DUTIES, PRIVILEGES AND OBLIGATIONS OF ACTIVE MEMBERS; HOWEVER, NO SENIOR MEMBER SHALL BE ELIGIBLE FOR ELECTION TO OFFICE OR TO THE BOARD OF DIRECTORS UNLESS HIS OR HER NOMINATION IS APPROVED BY THE BOARD OF DIRECTORS. SENIOR MEMBERS SHALL NOT BE SUBJECT TO DUES OR ASSESSMENTS. INACTIVE STATUS MAY BE GRANTED TO ANY ACTIVE MEMBER OR INTERNATIONAL MEMBER PRIOR TO ELIGIBILITY FOR SENIOR MEMBERSHIP ONLY FOR REASON OF INCAPACITY BY DISABILITY OR RETIREMENT FROM EMPLOYMENT IN THE FIELD OF MEDICINE PRIOR TO ATTAINING THE AGE OF SIXTY-ONE. AN ACTIVE MEMBER OR INTERNATIONAL MEMBER WHO BELIEVES THAT HE OR SHE QUALIFIES FOR INACTIVE STATUS MUST SUBMIT, IN WRITING, A REQUEST FOR CHANGE IN STATUS TO THE SECRETARY FOR CONSIDERATION AND RECOMMENDATION TO THE BOARD OF DIRECTORS, WHICH WILL HAVE FINAL AUTHORITY FOR ACTION. IF THE REASON FOR DISABILITY NO LONGER EXISTS, OR IF THE INACTIVE MEMBER IS AGAIN EMPLOYED IN THE FIELD OF MEDICINE, THE MEMBER, UPON APPROPRIATE BOARD OF DIRECTORS ACTION, MAY BE RESTORED TO ACTIVE OR INTERNATIONAL MEMBER STATUS. AN ACTIVE OR INTERNATIONAL MEMBER WHO HAS BEEN GRANTED INACTIVE STATUS WILL NOT HAVE THE RIGHT TO VOTE, NOR BE ELIGIBLE FOR ELECTION TO OFFICE OR TO THE BOARD OF DIRECTORS, FOR THE DURATION OF HIS OR HER INACTIVE STATUS. AN ACTIVE OR INTERNATIONAL MEMBER WHO HAS BEEN GRANTED INACTIVE STATUS MAY APPLY FOR SENIOR MEMBERSHIP UPON REACHING AGE SIXTY-ONE. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE ORGANIZATION IS A MEMBERSHIP SOCIETY AND HAS OVER 7,600 MEMBERS. |
| FORM 990, PART VI, SECTION A, LINE 7A | MEMBERS OF THE GOVERNING BODY ARE ELECTED BY THE MEMBERSHIP AT ITS ANNUAL MEETING PURSUANT TO THE ORGANIZATION'S BYLAWS. |
| FORM 990, PART VI, SECTION A, LINE 7B | CERTAIN DECISIONS OF THE GOVERNING BODY (E.G., REGARDING DUES AND BYLAWS AMENDMENTS) ARE SUBJECT TO APPROVAL BY MEMBERS. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE ORGANIZATION RETAINED THE SERVICES OF AN INDEPENDENT CPA FIRM TO PREPARE ITS FORM 990. MANAGEMENT THEN REVIEWED THE COMPLETED FORM 990 AND PROVIDED A FULL COPY TO ALL VOTING MEMBERS OF THE ORGANIZATION'S BOARD OF DIRECTORS (I.E., THE GOVERNING BODY). THE VOTING MEMBERS OF THE GOVERNING BODY WERE GIVEN A REASONABLE AMOUNT OF TIME TO REVIEW THE RETURN AND ASK ANY QUESTIONS DIRECTLY TO MANAGEMENT OR SENIOR CORPORATE OFFICERS. |
| FORM 990, PART VI, SECTION B, LINE 12C | OFFICERS, DIRECTORS, KEY EMPLOYEES, AND OTHERS ARE ANNUALLY REQUIRED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE STATEMENT AS A REQUIREMENT OF SERVICE. THE STATEMENT ON STS DISCLOSURE POLICY AND GUIDELINES REGARDING CONFLICTS OF INTEREST IS READ AT THE BEGINNING OF EVERY BOARD OF DIRECTORS, COMMITTEE, COUNCIL OPERATING BOARD, AND WORKFORCE MEETING. IF A CONFLICT OF INTEREST OR THE APPEARANCE OF A CONFLICT OF INTEREST EXISTS, THE PERSON WITH SUCH A CONFLICT MUST DISCLOSE THE RELATIONSHIP AND REFRAIN FROM VOTING ON THE MATTER; IF THE NATURE OF THE RELATIONSHIP SUGGESTS THAT HIS OR HER PRESENCE MAY BE DETRIMENTAL TO THE DISCUSSION, HE OR SHE MUST EXIT THE MEETING. THE MEETING CHAIR MAKES THE FINAL DETERMINATION AS TO THE APPROPRIATE ACTION. |
| FORM 990, PART VI, SECTION B, LINE 15 | 15A. THE SOCIETY ENGAGES AN INDEPENDENT COMPENSATION CONSULTANT PERIODICALLY, USUALLY EVERY TWO OR THREE YEARS, TO PERFORM A MARKET SALARY ANALYSIS FOR THE EXECUTIVE DIRECTOR & GENERAL COUNSEL POSITION. THIS INFORMATION IS SHARED WITH THE EXECUTIVE COMMITTEE WHICH DETERMINES THE NEW LEVEL OF COMPENSATION AND COMMUNICATES THE SALARY INFORMATION TO THE EXECUTIVE DIRECTOR & GENERAL COUNSEL AND TO THE DIRECTOR OF FINANCE & ADMINISTRATION FOR IMPLEMENTATION. AN INDEPENDENT COMPENSATION CONSULTANT WAS UTILIZED AS A PART OF THIS PROCESS IN 2018. AN ADJUSTMENT IS MADE TO THE EXECUTIVE DIRECTOR & GENERAL COUNSEL'S SALARY ANNUALLY FOR A MERIT INCREASE, WHICH IS BASED ON A FORMAL PERFORMANCE EVALUATION. 15B. COMPENSATION - THE SOCIETY ENGAGES AN INDEPENDENT COMPENSATION CONSULTANT PERIODICALLY, USUALLY EVERY TWO OR THREE YEARS, TO PERFORM A MARKET SALARY ANALYSIS FOR STS POSITIONS. THE CONSULTANT MEETS WITH THE EXECUTIVE DIRECTOR & GENERAL COUNSEL AND EACH STAFF DIRECTOR TO ASCERTAIN INFORMATION RELEVANT TO EACH POSITION. THE CONSULTANT ALSO REVIEWS EACH OF THE POSITION DESCRIPTIONS, DETERMINES APPROPRIATE MATCHES FROM COMPENSATION MARKET SURVEYS, E.G., TOWERS WATSON, PRM, ASSOCIATION FORUM, AND ASAE, FOR COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS, AND COMPILES AND ANALYZES THIS MARKET DATA FOR EACH POSITION. THE CONSULTANT MEETS WITH THE EXECUTIVE DIRECTOR & GENERAL COUNSEL AND THE DIRECTOR OF FINANCE & ADMINISTRATION TO REVIEW THE COMPENSATION ANALYSIS, AND MAKES ADJUSTMENTS TO THE ANALYSIS, AS APPROPRIATE, BASED ON ADDITIONAL DATA PROVIDED BY THE EXECUTIVE DIRECTOR & GENERAL COUNSEL AND DIRECTOR OF FINANCE & ADMINISTRATION. UTILIZING THE CONSULTANT'S ANALYSIS, THE EXECUTIVE DIRECTOR & GENERAL COUNSEL MAKES SALARY ADJUSTMENTS AND COMMUNICATES NEW SALARIES IN WRITING TO ALL OTHER EMPLOYEES OF THE ORGANIZATION. AN INDEPENDENT COMPENSATION CONSULTANT WAS UTILIZED AS PART OF THIS PROCESS IN 2018. ADJUSTMENTS ARE MADE TO SALARIES ANNUALLY FOR MERIT INCREASES, WHICH ARE BASED ON FORMAL PERFORMANCE EVALUATIONS. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION'S BYLAWS AND KEY GOVERNANCE POLICIES ARE AVAILABLE TO THE PUBLIC ON THE STS WEBSITE. OTHER GOVERNING DOCUMENTS, AS WELL AS THE ORGANIZATION'S CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST TO THE ORGANIZATION. |
| FORM 990, PART IX, LINE 11G | CONSULTANT EXPENSES 1,036,132. TEMPORARY SERVICES FROM SALARIES 216,779. VOLUNTEER STIPENDS FROM SALARIES 300,000. PAYROLL AND HR FEES 265,963. DATA AUDITING 351,415. DATA WAREHOUSING AND ANALYSIS 6,103,232. WEB-BASED EXPENSES 20,298. VIDEO PRODUCTION 20,408. CTS NET FEES 41,015. MISCELLANEOUS 22,101. ADMIN OH -65,675. |
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2018
Additional Data
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