2018-05-03T22:00:07-05:00 2017-06-30 350921680 CROWE HORWATH LLP 225 West Wacker Drive Suite 2600 Chicago IL 606061224 990 2016-07-01 362170783 American College of Chest Physicians AMER 2245219800 2595 Patriot Blvd Glenview IL 60026 P Stratton Davies CFO 2018-04-23 true JENNIFER BURKE P01342224 3128997000 2016 2021-01-29 14:40:06Z Stephen J Welch 2595 Patriot Blvd Glenview IL 60026 34686363 false X www.chestnet.org X 1935 IL To promote the prevention, diagnosis, and treatment of chest diseases through education, communication, and research. 16 14 124 450 0 0 3225338 3342147 22068795 17644014 1137533 693857 4582605 6109804 31014271 27789822 135500 155000 0 12534882 12123111 0 0 19658161 19029510 32328543 31307621 -1314272 -3517799 46080723 42452392 34355353 33587293 11725370 8865099 X To champion the prevention, diagnosis, and treatment of chest diseases through education, communication, and research. false false 16727360 8918615 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. 4181337 2987829 PUBLICATIONS: THE AMERICAN COLLEGE OF CHEST PHYSICIANS (COLLEGE) PUBLISHES A MONTHLY JOURNAL: CHEST. NEARLY 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. 7481957 155000 2927444 CORPORATE DEVELOPMENT: THE AMERICAN COLLEGE OF CHEST PHYSICIANS ALSO ENGAGES IN VARIOUS OTHER EDUCATIONAL PROGRAMMING TO PROVIDE TRAINING IN THE AREA OF PULMONARY CARE. 328178 2810126 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. 328178 2810126 28718832 true true false 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 false true true false false false false false true false false false false false false false false false true true true false false true 292 0 true 124 true false false false false false false false false false false X 16 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 Gerard A Silvestri MD MS FCCP President 1.0 X X 186050 0 0 John E Studdard MD FCCP President-Elect 1.0 X X 0 0 0 Clayton T Cowl MD FCCP President-Designate 1.0 X X 5300 0 0 Barbara A Phillips MD MSPH FCCP Immediate Past President 1.0 X X 24500 0 0 Robert Aranson MD FCCP Regent 1.0 X 0 0 0 Burton L Lesnick MD FCCP Regent 1.0 X 0 0 0 Stephanie M Levine MD FCCP Regent 1.0 X 0 0 0 Panagiotis K Behrakis MD FCCP Regent 1.0 X 0 0 0 Janet R Maurer MD MBA FCCP Regent 1.0 X 0 0 0 Jack D Buckley MD FCCP Regent 1.0 X 0 0 0 Atul C Mehta MBBS FCCP Regent 1.0 X 2000 0 0 Michael E Nelson MD FCCP CHEST Foundation President and Trustee 1.0 1.0 X 0 0 0 David A Schulman Regent 1.0 X 8965 0 0 Steven QSimpson MDFCCP Regent 1.0 X 0 0 0 Victor J Test MDFCCP Chair, Council of NetWorks 1.0 X 700 0 0 Islam M Ibrahim MD FCCP Chair, Council of Global Governors 1.0 X 0 0 0 Marylin Foreman MD FCCP Regent (Partial Year) 1.0 X 0 0 0 FRANCESCO DE BLASIO MD FCCP CHAIR, COUNCIL OF GLOBAL GOVERNORS (PARTIAL YEAR) 1.0 X 0 0 0 Stratton Davies CPA CFO 40.0 3.0 X 264740 0 41010 Steve Welch Secretary/Executive Vice President & CEO 40.0 1.0 X 319903 0 34646 Jennifer Nemkovich Senior Vice President 40.0 X 154910 0 6265 Nicki Augustyn Senior Vice President 40.0 X 222895 0 25045 Sue Reimbold Senior Vice President/Executive Director CHEST Foundation 30.0 10.0 X 252107 0 24936 Robert Musacchio Phd Senior Vice President/COO 40.0 X 257102 0 19840 Ronald Moen CIO 40.0 X 173180 0 32016 Chad Jackson Senior Director 40.0 X 154959 0 21082 Heather Nash Senior Director 40.0 X 155368 0 17015 Susan Gripentrog Senior Director 40.0 X 151908 0 14500 Richard Schuch Senior Director 40.0 X 158275 0 22210 Dr Mark Rosen MD FCCP Former Medical Director X 258397 0 0 Nancy MacRae Former SVP X 188881 0 13188 Paul A Markowski CAE Former EVP and CEO X 676352 0 31813 3616492 0 303566 23 true true true PSAV PRESENTATION SERVICES 23918 NETWORK PLACE CHICAGO IL 60673 AUDIO VISUAL SERVICES 1858750 ELSEVIER P O BOX 9546 NEW YORK NY 10087 CHEST JOURNAL SERVICES 984045 FREEMAN EXPOSITIONS LTD 61 BROWNS LINE TORONTO ONTARIO CA M8W3S2 EXPOSITION/DECORATING SERVICES 628767 UNIVERSITY OF MASSACHUSETTS 55 LAKE AVENUE NORTH WORCESTER MA 01655 CHEST EDITORIAL SERVICES 408122 VEDDER PRICE PC 222 N La Salle Street CHICAGO IL 60601 LEGAL CONSULTING 202084 12 3342147 3342147 Education 611600 8918615 8918615 Publications 541800 2987829 2987829 Membership Dues 900099 2810126 2810126 Corporate Development 541900 2927444 2927444 0 0 0 0 17644014 268998 268998 5604575 5604575 0 0 7321400 6896541 424859 0 424859 424859 Rebate Revenue 900099 505229 505229 0 0 0 0 505229 27789822 17644014 0 6803661 X 155000 155000 3230702 2873252 357450 6747197 6005005 742192 547520 487179 60341 875037 778601 96436 722655 643013 79642 201677 24852 176825 82401 6493 75908 48491 48491 3819286 3484286 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1443946 7888757 102447265 1500812 2835356 3369095 3799024 5873573 17377860 20688 722362 452579 63410 0 1259039 1521500 3557718 3821674 3862434 5873573 18636899 0 387671 465556 144871 985288 505229 2488615 23400627 27699644 24400441 28595861 27364963 131461536 0.7793 0.7746 0.1418 0.1154 X Schedule A, Part III, Line 12 Other Income DESCRIPTION - REBATE REVENUE, COLUMN A - 387671.0, COLUMN B - 264194.0, COLUMN C - 182206.0, COLUMN D - 415590.0, COLUMN E - 505229.0, COLUMN F - 1754890.0; DESCRIPTION - OTHER EXCLUDED REVENUE, COLUMN A - , COLUMN B - 201362.0, COLUMN C - -37335.0, COLUMN D - 30999.0, COLUMN E - , COLUMN F - 195026.0; DESCRIPTION - MANAGEMENT FEES, COLUMN A - , COLUMN B - , COLUMN C - , COLUMN D - 538699.0, COLUMN E - , COLUMN F - 538699.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2514459 2514459 20440196 1788862 18651334 2089844 746277 1343567 13681566 6459925 7221641 29731001 Due to Affiliated Organization 2226682 2226682 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, 2017 and 2016. Due to their tax-exempt status, the College and Foundation are not subject to U.S. federal or state income tax. The Organization is no longer subject to examination by U.S. federal or state taxing authorities for years before June 30, 2014. The Organization does not expect the total amount of unrecognized tax benefits to significantly change in the next 12 months. Europe (Including Iceland and Greenland) 0 0 Conference Travel,Program Services MEETING OF THE EUROPEAN RESPIRATORY SOCIETY; MEETING OF THE FEDERATION OF INTERNATIONAL RESPIRATORY SOCIETIES AND CHEST JOINT CONGRESS; EDUCATIONAL PROGRAMS AND MEETINGS: COPD CONFERENCE 116254 East Asia and the Pacific 0 0 Program Services,Conference Travel EDUCATIONAL MEETINGS AND PROGRAMS IN CHINA; MEETINGS OF THE ASIAN PACIFIC SOCIETY OF RESPIROLOGY 126338 South America 0 0 Conference Travel MEETINGS OF THE LATIN AMERICAN ASSOCIATION OF THORAX AND THE SOCIEDADE BRASILIA DE PNEUMOLOGIA E TISIOLGIA 19608 North America (Canada & Mexico only) 0 0 Conference Travel MEETING OF THE CANADIAN THORACIC SOCIETY 9350 South Asia 0 0 Program Services,Conference Travel EDUCATIONAL PROGRAMS AND MEETINGS: PULMONARY PROGRAM SERIES 67305 0 0 0 0 0 0 338855 0 338855 false false false false false false true The Chest Foundation 2595 Patriot Boulevard Glenview IL 60026 363286520 501(C)(3) 125000 COMMUNITY SERVICE AWARDS AND GRANTS University of Wisconsin 1848 University Ave Madison WI 53726 396006492 501(C)(3) 30000 Community Service Grant 2 0 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 Gerard A Silvestri MD MS FCCP President 186050 0 0 0 0 0 0 0 0 0 186050 0 0 0 Stratton Davies CPA CFO 230648 0 28000 0 6092 0 23850 0 17160 0 305750 0 0 0 Steve Welch Secretary/Executive Vice President & CEO 285181 0 25700 0 9022 0 22601 0 12045 0 354549 0 0 0 Jennifer Nemkovich Senior Vice President 146254 0 7890 0 766 0 6265 0 0 0 161175 0 0 0 Nicki Augustyn Senior Vice President 201907 0 20000 0 988 0 19470 0 5575 0 247940 0 0 0 Sue Reimbold Senior Vice President/Executive Director CHEST Foundation 232426 0 18000 0 1681 0 15696 0 9240 0 277043 0 0 0 Robert Musacchio Phd Senior Vice President/COO 229761 0 23000 0 4341 0 19840 0 0 0 276942 0 0 0 Ronald Moen CIO 163239 0 7500 0 2441 0 17118 0 14898 0 205196 0 0 0 Chad Jackson Senior Director 145618 0 7591 0 1750 0 10756 0 10326 0 176041 0 0 0 Heather Nash Senior Director 146807 0 7592 0 969 0 8223 0 8792 0 172383 0 0 0 Susan Gripentrog Senior Director 141677 0 7245 0 2986 0 9898 0 4602 0 166408 0 0 0 Richard Schuch Senior Director 148294 0 8995 0 986 0 5050 0 17160 0 180485 0 0 0 Dr Mark Rosen MD FCCP Former Medical Director 258397 0 0 0 0 0 0 0 0 0 258397 0 0 0 Nancy MacRae Former SVP 163881 0 25000 0 0 0 13188 0 0 0 202069 0 0 0 Paul A Markowski CAE Former EVP and CEO 308752 0 0 0 367600 0 23850 0 7963 0 708165 0 0 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 OF THE AMERICAN COLLEGE OF CHEST PHYSICIANS ("CHEST"), PAUL A. MARKOWSKI, CAE, ENTERED INTO A SEVERANCE AGREEMENT WITH CHEST, UPON TERMINATION OF EMPLOYMENT AND IN CONSIDERATION FOR EXECUTION OF SEVERANCE AGREEMENT MR. MARKOWSKI RECEIVED A GROSS LUMP SEVERANCE PAYMENT OF $361,000. 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 2013-03-07 18000000 See description on Part VI false false false A 0 0 18000000 906854 0 0 0 0 250000 16843146 0 0 2014 false false false 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. Megan Schagrin CAE CFRE Former Senior Vice President, Business Development Repayment of Tuition X 44084 22042 false true true 22042 Form 990, Part III, Line 4d Description of other program services (Expenses $ 328,178 including grants of $)(Revenue $ 2,810,126) 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 V, Line 1a Filing of 1099's The number of Forms 1099 reported on Part V, Line 1a include various payments to faculty for honorariums and speaking engagements. These individuals have been appropriately classified as independent contractors rather than employees of the College. 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 See Narrative for Form 990, Part VI, Section A, Line 6. 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 Joint Finance Oversight Committee. Subsequent to the Joint Finance Oversight 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 Ethics 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 ended 6/30/2017 the Compensation Committee of the American College of Chest Physicians (College) engaged an Independent Compensation Consultant to provide consulting advice and market comparability data about the organization's top management, which includes the top management official and all key employees. The independent compensation consultant first determined that the Compensation Committee for the College was independent and free from conflicts of interest. The second step determined the "disqualified persons" and the methodology used to assess reasonableness. This assessment was conducted at the total rewards level and included all compensation components. Westcott Hunter, Inc. obtained external valid comparable market data from published sources for comparable positions, and established a Form 990 peer group of comparable organizations. The third step consisted of reviewing the disqualified individuals and market data; considering management's recommendations for salary increases and incentive awards; then finalizing and approving salary increase and incentive awards for all "disqualified persons". For fiscal year 6/30/16 the Compensation Committee compared the compensation for "Disqualified Persons" to that of the established "Peer Group". Noting that the compensation for the Disqualified Persons was reasonable. Form 990, Part VI, Line 15b Process to establish compensation of other employees 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 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 and reviews the compensation structure on an annual basis. The review process is documented in the compensation committee's minutes. Form 990, Part VI, Line 19 Required documents available to the public Financial statements, governing documents, and conflict of interest policies are not required disclosures pursuant to Internal Revenue Code (IRC) Section 6104. These documents are not available to the public at this time. Form 990, Part IX, Line 11g Other Fees Commissions - Total Expense: 282558, Program Service Expense: 282558, Management and General Expenses: , Fundraising Expenses: ; Honorarium - Total Expense: 1370084, Program Service Expense: 1053084, Management and General Expenses: 317000, Fundraising Expenses: ; Consultants - Total Expense: 1367369, Program Service Expense: 1349369, Management and General Expenses: 18000, Fundraising Expenses: ; Management Fee Enterprise - Total Expense: 799275, Program Service Expense: 799275, Management and General Expenses: , Fundraising Expenses: ; Form 990, Part XI, Line 9 Other changes in net assets or fund balances Gain on swap valuation - 479013; 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 3384885 885464 1.00 true true true false true true true false false false false false false false true true false false true true ACCP Enterprises Inc A 81647 BOOK ACCP Enterprises Inc S 51504 BOOK The Chest Foundation B 125000 Book