2021-03-31T16:00:31-05:00 2020-06-30 350921680 CROWE LLP 225 West Wacker Drive Suite 2600 Chicago IL 606061224 990 2019-07-01 362170783 American College of Chest Physicians AMER 2245219800 2595 Patriot Blvd Glenview IL 60026 P Stratton Davies CFO 2021-03-31 true JENNIFER BURKE P01342224 3128997000 2019 2022-09-23 18:48:47Z Robert Musacchio 2595 Patriot Blvd Glenview IL 60026 37214678 false X www.chestnet.org X 1935 IL To promote the prevention, diagnosis, and treatment of chest diseases through education, communication, and research. 17 14 135 450 0 0 7572828 6695265 17645887 18631253 535961 222780 6367617 6169449 32122293 31718747 174250 176003 0 13635889 12898740 0 0 18720589 21429385 32530728 34504128 -408435 -2785381 47051479 43481911 34624851 34020090 12426628 9461821 X To champion the prevention, diagnosis, and treatment of chest diseases through education, communication, and research. false false 19707654 6003 10261708 EDUCATION: THE ANNUAL CHEST MEETING AND OTHER CONTINUING MEDICAL EDUCATION ACTIVITIES ARE CONDUCTED TO UPDATE CLINICIANS ON PATIENT CARE STRATEGIES, PREPARE FOR SUBSPECIALTY EXAMINATIONS, ESTABLISH PRACTICE STANDARDS, PREVIEW INVESTIGATIVE RESEARCH AND NEW SCIENCE, AND PROVIDE NETWORKING AND CAREER ADVANCEMENT OPPORTUNITIES. 4223995 0 3883830 PUBLICATIONS: THE AMERICAN COLLEGE OF CHEST PHYSICIANS (COLLEGE) PUBLISHES A MONTHLY JOURNAL: CHEST. 23,000 READERS WORLDWIDE SUBSCRIBE TO KEEP UP-TO-DATE ON CHEST-RELATED MEDICINE. IN ADDITION, THE COLLEGE PUBLISHES A NUMBER OF BOOKS IN THE FIELD OF CHEST MEDICINE. 7660029 170000 1577663 CORPORATE DEVELOPMENT: THE AMERICAN COLLEGE OF CHEST PHYSICIANS ALSO ENGAGES IN VARIOUS OTHER EDUCATIONAL PROGRAMMING TO PROVIDE TRAINING IN THE AREA OF PULMONARY CARE. 450722 0 2908052 LEADERSHIP, NETWORKS, AND MEMBERSHIP: INTERDISCIPLINARY, FOCUSED-INTEREST GROUPS ARE ESTABLISHED 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. 450722 2908052 32042400 true true false false false false false false false true false false false true true false true false false true false false false false false false true true true true false false false false false false false false false false false false false false false true true true false false true 396 0 true 135 true false false false false false false false false false false false false X 17 14 false false false false true true false true true false false true true true true true true true true false IL X P Stratton Davies 2245219800 2595 Patriot Blvd Glenview IL 60026 Clayton T Cowl MD MS FCCP Immediate Past President 1.0 0.0 X X 29200 0 0 Stephanie M Levine MD FCCP President 1.0 0.0 X X 107100 0 0 Steven Q Simpson MD FCCP President-Elect 1.0 0.0 X X 0 0 0 Alexander S Niven MD FCCP Regent 1.0 0.0 X 0 0 0 Aneesa M Das MD FCCP Chair, Council of NetWorks 1.0 0.0 X 2500 0 0 David A Schulman MD MPH FCCP President-Designate 1.0 0.0 X 12000 0 0 Douglas A Arenberg MD FCCP Regent 1.0 0.0 X 1500 0 0 Edward J Diamond MD MBA FCCP CHEST Foundation President and Trustee 1.0 2.0 X 0 0 0 John A Howington MD FCCP Regent 1.0 0.0 X 0 0 0 Lisa K Moores MD FCCP Regent 1.0 1.0 X 0 0 0 Michael E Nelson MD FCCP Regent 1.0 0.0 X 0 0 0 Neil S Freedman MD FCCP Regent 1.0 0.0 X 0 0 0 Panagiotis K Behrakis MD PhD FCCP Regent 1.0 0.0 X 0 0 0 Sai P Haranath MD MPH FCCP Chair, Executive Committee of the Council of Global Governors 1.0 1.0 X 0 0 0 Sandhya Khurana MD FCCP Regent 1.0 0.0 X 5200 0 0 Vera A De Palo MD FCCP Regent 1.0 0.0 X 0 0 0 Victor J Test MD FCCP Regent 1.0 0.0 X 0 0 0 Robert Musacchio Phd Secretary/Executive Vice President & CEO 40.0 3.0 X 425819 0 25200 Stratton Davies CPA CFO 40.0 3.0 X 334317 0 41076 Chad Jackson Chief Innovation Officer and VP Business Dev. 40.0 1.0 X 234543 0 30949 Jennifer Nemkovich Senior Vice President 40.0 1.0 X 261299 0 10508 Nicki Augustyn Senior Vice President 40.0 1.0 X 256939 0 30569 Ronald Moen CIO 40.0 1.0 X 198123 0 44765 Debra Janiszewski Senior Director 40.0 1.0 X 149610 0 19804 Linda Tomczynski Senior Director 40.0 1.0 X 162315 0 12426 Richard Newman Senior Director 40.0 1.0 X 169663 0 12418 Richard Schuch Senior Director 40.0 1.0 X 178384 0 27327 Rudy Anderson Senior Director/Associate Exec Director CHEST Foundation 10.0 30.0 X 170296 0 7272 Stephen J Welch Former EVP/CEO 0.0 0.0 X 264042 0 6615 2962850 0 268929 29 true true false FREEMAN DECORATING CO PO Box 650036 Dallas TX 75265 EXPOSITION DECORATING SERVICES 1608130 ELSEVIER P O BOX 9546 NEW YORK NY 10087 CHEST JOURNAL SERVICES 1015859 FREEMAN EXPOSITIONS INC 1600 Viceroy Suite 100 DALLAS TX 75235 AUDIO VISUAL SERVICES 641665 REACHMD INC 500 Office Center Drive Suite 325 Fort Washington PA 19034 PODCAST/MEDICAL EDUCATION PRODUCTION 555000 PA CONSULTING GROUP INC 143 South Street 6th Floor Boston MA 02111 COMPUTER CONSULTING SERVICES 416707 14 6695265 6695265 Education 611600 10261708 10261708 Publications 541800 3883830 3883830 Membership Dues 900099 2908052 2908052 Corporate Development 541900 1577663 1577663 0 0 0 0 18631253 242779 242779 5874896 5874896 0 0 5475932 5495931 -19999 0 -19999 -19999 Rebate Revenue 900099 294553 294553 0 0 0 0 294553 31718747 18631253 0 6392229 X 170000 170000 5753 5753 250 250 2026040 1742871 283169 8304955 7557509 747446 628416 571859 56557 1156515 1052429 104086 782814 712361 70453 94794 94794 85203 85203 40559 40559 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681359 1443946 854297 1535425 3308800 7823827 112951001 3799024 5873573 6364123 6381683 6117675 28536078 63410 0 0 0 0 63410 3862434 5873573 6364123 6381683 6117675 28599488 0 985288 505229 357055 251097 294553 2393222 28595861 27364963 32216473 31851495 31738746 151767538 0.7442 0.7575 0.1884 0.1821 X Schedule A, Part III, Line 12 Other Income DESCRIPTION - REBATE REVENUE, COLUMN A - 415590.0, COLUMN B - 505229.0, COLUMN C - 357055.0, COLUMN D - 251097.0, COLUMN E - 294553.0, COLUMN F - 1823524.0; DESCRIPTION - OTHER EXCLUDED REVENUE, COLUMN A - 30999.0, COLUMN B - , COLUMN C - , COLUMN D - , COLUMN E - , COLUMN F - 30999.0; DESCRIPTION - MANAGEMENT FEES, COLUMN A - 538699.0, COLUMN B - , COLUMN C - , COLUMN D - , COLUMN E - , COLUMN F - 538699.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2514459 2514459 20470596 3330720 17139876 6269186 3504855 2764331 15623281 10132820 5490461 27909127 Due to Affiliated Organization 4560368 Interest Rate Swap 311156 4871524 X Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The College and the Foundation have received favorable determination letters from the Internal Revenue Service stating they are exempt from Federal income taxes on related income under Section 501(a) as entities described in Section 501(c)(3) of the Internal Revenue Code. The Organization follows guidance issued by the Financial Accounting Standards Board ("FASB") with respect to accounting for uncertainty in income taxes. A tax position is recognized as a benefit only if it is "more likely than not" that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the "more likely than not" test, no tax benefit is recorded. The Organization recognizes interest and penalties related to unrecognized tax benefits in interest and income tax expense, respectively. The Organization has no amounts accrued for interest or penalties as of June 30, 2020 and 2019. Due to their tax-exempt status, the College and Foundation are not subject to U.S. federal or state income tax, except on unrelated business income. The Organization does not expect the total amount of unrecognized tax benefits to significantly change in the next 12 months. All entities are subject to examination by these taxing authorities. Europe (Including Iceland and Greenland) 0 0 Conference Travel,Program Services SEE STATEMENT 85838 East Asia and the Pacific 0 0 Program Services,Conference Travel SEE STATEMENT 27240 South Asia 0 0 Program Services EDUCATIONAL COURSES - SIMULATION 19191 0 0 0 0 0 0 132269 0 132269 false false false false false false Schedule F, Part I, Line 3(e) EUROPE (INCLUDING ICELAND AND GREENLAND) MEETING OF THE EUROPEAN RESPIRATORY SOCIETY; EDUCATIONAL COURSES FOR INDIAN PHYSICIANS; EUROPEAN SOCIETY FOR INTENSIVE MEDICINE MEETING Schedule F, Part I, Line 3(e) EAST ASIA AND THE PACIFIC EDUCATIONAL MEETINGS AND PROGRAMS IN HANOI; MEETINGS OF THE ASIAN PACIFIC SOCIETY OF RESPIROLOGY; EDUCATIONAL COURSES FOR INDIAN PHYSICIANS true THE CHEST FOUNDATION 2595 PATRIOT BOULEVARD GLENVIEW IL 60026 363286520 501(C)(3) 170000 COMMUNITY SERVICE AWARDS AND GRANTS 1 0 APSR Young Investigator Award 28 5753 Schedule I, Part II, Line 2 Procedures for monitoring use of grant funds The American College of Chest Physicians (CHEST) enters into a formal legal agreement with all grantees articulating all requirements related to the grant including reporting, intellectual property ownership, circumstances related to noncompliance to grant agreement terms, payment schedule, and project expectations. All reporting deadlines are supervised by CHEST staff. CHEST requires proof of 501(c)(3) status and/or proof that the funds will be used consistently with CHEST's exempt purposes. CHEST screens all organizations prior to issuing grant payments. Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. The College provided a grant to The Chest Foundation, a related tax-exempt organization. The organization monitors the use of the grant funds through management oversight, via a common CEO and Board. X true true X X X X X true false false false false false false true false Robert Musacchio Phd Secretary/Executive Vice President & CEO 368601 0 36000 0 21218 0 25200 0 0 0 451019 0 0 0 Stratton Davies CPA CFO 257225 0 19669 0 57423 0 25200 0 15876 0 375393 0 0 0 Nicki Augustyn Senior Vice President 230899 0 17195 0 8845 0 23297 0 7272 0 287508 0 0 0 Jennifer Nemkovich Senior Vice President 224923 0 25750 0 10626 0 10508 0 0 0 271807 0 0 0 Chad Jackson Chief Innovation Officer and VP Business Dev. 200708 0 20000 0 13835 0 15073 0 15876 0 265492 0 0 0 Ronald Moen CIO 186243 0 9834 0 2046 0 18829 0 25936 0 242888 0 0 0 Richard Schuch Senior Director 167684 0 8578 0 2122 0 5583 0 21744 0 205711 0 0 0 Richard Newman Senior Director 161842 0 4249 0 3572 0 12418 0 0 0 182081 0 0 0 Rudy Anderson Senior Director/Associate Exec Director CHEST Foundation 160998 0 8055 0 1243 0 0 0 7272 0 177568 0 0 0 Linda Tomczynski Senior Director 153478 0 7146 0 1691 0 12426 0 0 0 174741 0 0 0 Debra Janiszewski Senior Director 141237 0 6953 0 1420 0 13576 0 6228 0 169414 0 0 0 Stephen J Welch Former EVP/CEO 0 0 0 0 264042 0 0 0 6615 0 270657 0 51021 0 Schedule J, Part I, Line 1a Health or social club dues or initiation fees The American College of Chest Physicians includes as taxable compensation any health club or social club dues paid on behalf of both interested and non-interested persons. Schedule J, Part I, Line 4a Severance or change-of-control payment The former CEO and executive vice president, Stephen J. Welch, entered into a severance agreement with CHEST upon termination of employment and in consideration for execution of severance agreement. Mr. Welch received severance payments from August 2018 through May 2019. Schedule J, Part I, Line 7 Non-fixed payments The College Incentive Plan is available to all employees of the College who have met the eligibility requirements and were employed on the last day of the fiscal year. Certain criteria must be met by the College's management and staff prior to the incentive calculation, such as a surplus from operations, meeting strategic and personal goals. Incentive percentages are tiered based an employee's level within the College and are calculated based on the number of strategic and personal goals that are met. A Illinois Finance Authority 861091967 000000000 2013-03-07 18000000 See description on Part VI false false false A 1564840 0 18000000 0 0 0 0 0 0 18000000 0 0 2014 false false true true A false false false false 0.0 false false false A false false false true true false false false false false A false Schedule K, Part I Description of Purpose The acquisition, design, development, construction, improvement, furnishing and equipping of certain new educational and training facilities, including, without limitation, one or more simulators, an auditorium, classrooms, administrative offices and various other educational and training facilities and including site improvements, landscaping, and improvements to roads, walkways and parking lots, all at 2595 Patriot Blvd, Glenview, Illinois 60026. Schedule K, Part III, Line 9 Written Procedures The College has a draft form of written procedures to ensure that all nonqualified bonds of the issue are remediated in accordance with requirements. Management is in the process of obtaining formal approval. Schedule K, Part IV, Line 7 Written Procedures The College has a draft form of written procedures to monitor the requirements of Section 148. Management is in the process of obtaining formal approval. Schedule K, Part V Written Procedures The College has a draft form of written procedures and Management is in the process of obtaining formal approval. Schedule K, Part IV, Line 2c COLUMN A Issuer name: Illinois Finance Authority The calculation for computing no rebate due was performed on 06/01/2014 Form 990, Part III, Line 4d Description of other program services (Expenses $ 450,722 including grants of $ 0)(Revenue $ 2,908,052) LEADERSHIP, NETWORKS, AND MEMBERSHIP: INTERDISCIPLINARY, FOCUSED-INTEREST GROUPS ARE ESTABLISHED 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. Form 990, Part VI, Line 1a Delegate broad authority to a committee The Governance Committee consists of the College's Immediate Past President, the Foundation's Immediate Past President, three at-large members of the Board of Regents and two at-large members of the Board of Trustees to be selected by the College and Foundation Presidents. The Governance Committee shall propose nominees for elective offices as designated by the Board of Regents and Board of Trustees, in accordance with procedures determined by the Boards. The Governance Committee may consider nominees recommended by any Fellow in good standing. Form 990, Part VI, Line 6 Classes of members or stockholders The organization has the following classes of membership with the right to elect members of the board or regents. There are no other rights granted to these members. Fellow: A physician or other healthcare professional or person holding an advanced degree, who meets such qualifications as established by the board of regents. Fellows shall be entitled to all privileges of the College, including but not limited to, the right to vote at the meetings of Fellows and to hold office. Fellows shall be permitted to use the designation "FCCP". Master Fellow: A Master Fellow shall be a Fellow who meets such qualifications as have been established by the board of regents. A Master Fellow shall have their dues permanently waived, continue to be a Fellow, and shall be permitted to use the designation "Master FCCP". Form 990, Part VI, Line 7a Members or stockholders electing members of governing body Regents-at-Large shall be elected by the Fellows at the Annual Meeting. They shall serve an initial term of three (3) years and shall be eligible for re-election for one (1) additional three (3) year term. The Governance Committee shall propose a candidate for the office of President-Elect. Candidates for the office of President-Elect may also be nominated by twenty-five (25) Fellows in good standing, provided that such nominations are submitted to the Executive Vice President in the form of a written petition signed by the petitioning Fellows at least sixty (60) days before the Annual Meeting of Fellows, and provided such candidates have agreed in writing in advance to accept such nomination. Nominations will not be accepted from the floor. All elected officers of the College shall be elected at the Annual Meeting of Fellows. Except for the Secretary, all officers shall serve a term of one (1) year or until their successors have been duly elected and qualified. All elected officers shall assume their duties on the first day following the close of the Annual Meeting. Form 990, Part VI, Line 11b Review of form 990 by governing body 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. Form 990, Part VI, Line 12c Conflict of interest policy 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. Form 990, Part VI, Line 15a Process to establish compensation of top management official FOR FISCAL YEAR 6/30/20 AND 6/30/19 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 THE FISCAL YEAR JUNE 30, 2017, NOTING THAT THE COMPENSATION FOR THE DISQUALIFIED PERSONS WAS REASONABLE. THESE DELIBERATIONS AND DECISIONS WERE DOCUMENTED CONTEMPORANEOUSLY. Form 990, Part VI, Line 15b Process to establish compensation of other employees FOR FISCAL YEAR 6/30/20 AND 6/30/19 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 THE FISCAL YEAR JUNE 30, 2017, 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. Form 990, Part VI, Line 19 Required documents available to the public 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. Form 990, Part IX, Line 11g Other Fees Commissions - Total Expense: 93487, Program Service Expense: 93487, Management and General Expenses: , Fundraising Expenses: ; Honorarium - Total Expense: 1182508, Program Service Expense: 1012613, Management and General Expenses: 169895, Fundraising Expenses: ; Consultants - Total Expense: 2246406, Program Service Expense: 2236406, Management and General Expenses: 10000, Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; Form 990, Part XI, Line 9 Other changes in net assets or fund balances Loss on swap valuation - -141153; THE CHEST FOUNDATION 2595 PATRIOT BLVD GLENVIEW IL 60026 363286520 GRANTMAKING IL 501(c)(3) Type I AMERICAN COLLEGE OF CHEST PHYSICIANS true ACCP ENTERPRISES INC 2595 PATRIOT BLVD GLENVIEW IL 60026 463025022 CREATE AND DELIVER EDUCATIONAL PROGRAMS IL AMERICAN COLLEGE OF CHEST PHYSICIANS C Corporation 144522 1.00 true false true false true true false false false false false false false false true true false false true true The Chest Foundation B 170000 Book