2011-05-11T10:00:26-05:00 2010-06-30 CROWE HORWATH LLP 70 West Madison Street Suite 700 Chicago IL 606024903 990 2009-07-01 363286520 THE CHEST FOUNDATION CHES 8474981400 3300 DUNDEE RD NORTHBROOK IL 60062 MARILYN LEDERER 2011-05-10 true 3128997000 2009 2016-02-24 21:20:13Z PAUL A MARKOWSKI 3300 N DUNDEE ROAD NORTHBROOK IL 60062 2033211 false X WWW.CHESTFOUNDATION.ORG X 1984 IL THE CHEST FOUNDATION'S MISSION IS TO PROVIDE RESOURCES TO ADVANCE THE PREVENTION AND TREATMENT OF DISEASES OF THE CHEST. 24 20 4 75 0 0 1788301 1152566 19474 15729 -1020471 200812 -146706 -147291 640598 1221816 1122305 760525 0 0 386143 394304 0 0 63113 316500 363395 1824948 1518224 -1184350 -296408 7038066 8038904 1776497 2419471 5261569 5619433 THE CHEST FOUNDATION'S MISSION IS TO PROVIDE RESOURCES TO ADVANCE THE PREVENTION AND TREATMENT OF DISEASES OF THE CHEST. false false 1259657 760525 25403 SINCE ITS INCEPTION, THE CHEST FOUNDATION (THE FOUNDATION) HAS OFFERED MEMBERS OF THE AMERICAN COLLEGE OF CHEST PHYSICIANS OPPORTUNITIES TO CONDUCT CLINICAL RESEARCH IN DISCIPLINES SUCH AS CARDIOPULMONARY AND CRITICAL CARE MEDICINE, LUNG CANCER, END-OF-LIFE CARE AND WOMEN'S HEALTH. THE CHEST FOUNDATION PARTNERS WITH OTHER ORGANIZATIONS SUPPORTING RESEARCH IN A DISEASE STATE AND COLLABORATIVELY OFFERS MONETARY AWARDS TO SUPPORT RESEARCH THAT LEADS TO IMPROVEMENT IN PATIENT CARE. IN 2009-10, THE FOUNDATION OFFERED 16 DIFFERENT AWARDS TOTALING OVER $750K. AWARD APPLICATIONS ARE DEVELOPED BY PEER REVIEW COMMITTEES WHO ALSO SELECT RECIPIENTS USING A DETAILED SCORING RUBRIC. THE FOUNDATION TRACKS PROGRESS OF ALL CLINICAL RESEARCH AWARD RECIPIENTS OVER TIME AND DISSEMINATES THE RESULTS THROUGH ITS PUBLICATIONS, AT THE CHEST ANNUAL MEETING, AND THROUGH ITS PARTNER ORGANIZATIONS. 1259657 true true false false false false false false true true true true false false true true false false true false false true true true false false false false false false false false false false false false false true false false false true 19 0 true 4 true false false false false false true true false false false 24 20 false false false false true true true true true false false true true true true true true true false AL AK AZ AR CA CO CT DE DC FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY X STRATTON DAVIES 8474988370 3300 DUNDEE ROAD NORTHBROOK IL 60062 ROBERT G JOHNSON MD FCCP 1 X X 0 0 0 JOHN C ALEXANDER JR MD FCCP 1 X X 0 0 0 STEPHANIE M LEVINE MD FCCP 1 X X 0 0 0 GERARD A SILVESTRI MD FCCP 1 X X 0 0 0 D ROBERT MCCAFFREE MD MASTER FCCP 1 X X 0 0 0 PAUL A KVALE MD FCCP 1 X X 0 0 0 DAVID J PREZANT MD FCCP 1 X X 0 0 0 PAUL A MARKOWSKI 40 X X 0 96003 9918 ALVIN LEVER 40 X X 0 502879 30282 MARILYN LEDERER 40 X X 214782 0 19598 W MICHAEL ALBERTS MD FCCP 1 X 0 0 0 PAULA J ANDERSON MD FCCP 1 X 0 0 0 ROBERT F BARNETT III 1 X 0 0 0 VERA A DE PALO MD FCCP 1 X 0 0 0 NARESH A DEWAN MBBS FCCP 1 X 0 0 0 KALPALATHA K GUNTUPALLI MD FCCP 1 X 0 29703 0 SUSAN M HARDING MD FCCP 1 X 0 0 0 DARCY D MARCINIUK MD FCCP 1 X 0 3400 0 JAMES A L MATHERS JR MD FCCP 1 X 0 52247 0 JANET R MAURER MD MBA FCCP 1 X 0 0 0 LAWRENCE C MOHR JR MD FCCP 1 X 0 0 0 CHARLIE STRANGE MD FCCP 1 X 0 0 0 JOHN E STUDDARD MD FCCP 1 X 0 0 0 KENNETH G TORRINGTON MD FCCP 1 X 0 0 0 WICKII T VIGNESWARAN MBBS FCCP 1 X 0 0 0 SUSAN MURIN MD 1 X 0 0 0 STRATTON DAVIES 1 X 0 211531 31008 214782 895763 90806 1 false true false 0 0 130000 94000 0 928566 0 1152566 EDUCATIONAL PROGRAMS 15729 15729 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 15729 148310 0 0 148310 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 698532 0 646030 0 52502 0 52502 0 0 52502 8400 130000 165365 -156965 0 0 -156965 0 0 0 0 0 0 0 0 0 0 0 0 OTHER INCOME 9674 9674 0 0 0 0 0 0 0 0 0 0 0 0 0 0 9674 1221816 25403 0 43847 734100 734100 12875 12875 13550 13550 0 0 223785 177238 23721 22826 0 0 0 0 115283 91304 12220 11759 19695 15598 2088 2009 15786 12501 1674 1611 19755 15646 2094 2015 0 0 0 0 15615 0 15615 0 16520 0 16520 0 0 0 0 0 0 0 32365 0 32365 0 87566 87566 0 0 0 0 0 0 80756 52509 8146 20101 0 0 0 0 0 0 0 0 0 0 0 0 62794 6094 56700 0 0 0 0 0 46948 30168 13988 2792 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 LICENSE FEES 10508 10508 0 0 EDUCATION SEMINARS 6902 0 6902 0 DUES AND SUBSCRIPTIONS 3421 0 3421 0 0 0 0 0 0 0 0 0 0 0 0 0 1518224 1259657 195454 63113 0 0 0 0 0 0 474508 541187 31526 181968 0 0 0 0 0 0 0 0 0 0 41872 116762 0 0 0 0 5829700 6359182 660460 839805 0 0 0 0 0 0 7038066 8038904 69467 65850 0 0 7555 4125 0 0 0 0 0 0 0 0 0 0 1699475 2349496 1776497 2419471 X 1089512 1129869 341368 549200 3830689 3940364 0 0 0 0 0 0 5261569 5619433 7038066 8038904 X false true true X false X X X X false false false AMERICAN COLLEGE OF CHEST PHYSICIANS 362170783 9 true true true 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2828566 109675 421463 173589 0 0 3186115 3427159 211207 -651893 157907 0 0 2828566 0.17 0.82 0.01 false false 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 HEDGE FUNDS 831949 F COMMON STOCK - NON-PUBLICLY TRADED 7856 F 839805 0 DUE TO AFFILIATED ORGANIZATION 2349496 2349496 1221816 1518224 -296408 654272 0 0 0 0 654272 357864 2009087 654272 0 0 0 654272 1354815 32366 -165365 -132999 1221816 1651223 0 0 0 165365 165365 1485858 32366 0 32366 1518224 Intended uses of endowment funds Schedule D, Part V, Line 4 THE ORGANIZATION USES THE ENDOWMENT FUNDS TO SUPPORT CLINICAL RESEARCH AND TO SUPPORT ITS GENERAL OPERATIONS. FIN 48 footnote Schedule D, Part X, Line 2 THE FOUNDATION HAS RECEIVED A FAVORABLE DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE STATING IT IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME UNDER SECTION 501(A) AS AN ENTITY DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION ADOPTED GUIDANCE ISSUED BY THE FASB WITH RESPECT TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES AS OF JULY 1, 2009. 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 ADOPTION HAD NO EFFECT ON THE FOUNDATION'S FINANCIAL STATEMENTS. THE FOUNDATION RECOGNIZES INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST AND INCOME TAX EXPENSE, RESPECTIVELY. THE FOUNDATION HAS NO AMOUNTS ACCRUED FOR INTEREST OR PENALTIES AS OF JUNE 30, 2010. DUE TO ITS TAX-EXEMPT STATUS; THE FOUNDATION IS NOT SUBJECT TO U.S. FEDERAL INCOME TAX OR STATE INCOME TAX. THE FOUNDATION IS NO LONGER SUBJECT TO EXAMINATION BY U.S. FEDERAL OR STATE TAXING AUTHORITIES FOR YEARS BEFORE JUNE 30, 2006. THE FOUNDATION DOES NOT EXPECT THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFITS TO SIGNIFICANTLY CHANGE IN THE NEXT 12 MONTHS. Other revenues in form 990 not in audited financial statements Schedule D, Part XII, Line 4b FUNDRAISING EXPENSES - -165365; OTHER - 0; TOTAL - -165365 Other expenses in audited financial statements not in form 990 Schedule D, Part XIII, Line 2d FUNDRAISING EXPENSES - 165365; OTHER - 0; TOTAL - 165365 true NORTH AMERICA (CANADA & MEXICO ONLY) 0 0 GRANTS N/A 11775 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 GRANTS N/A 775 SOUTH ASIA 0 0 GRANTS N/A 1000 0 0 13550 NORTH AMERICA (CANADA & MEXICO ONLY) ADVANCES IN EOL AWARD 10000 CHECK 0 N/A N/A 1 0 Procedures for monitoring use of grant funds Schedule F, Part I, Line 2 THE CHEST FOUNDATION'S (THE FOUNDATION) PRO BONO COMMITTEE OVERSEES THE HUMANITARIAN AWARDS PROGRAM THAT OFFERS ANNUAL GRANTS TO TAX-EXEMPT ORGANIZATIONS OR NON-GOVERNMENTAL ORGANIZATIONS(NGO) TO WHICH AMERICAN COLLEGE OF CHEST PHYSICIAN (ACCP), A RELATED TAX-EXEMPT ORGANIZATION, MEMBERS DONATE THEIR TIME AND EXPERTISE. A PEER REVIEW APPLICATION PROCESS IS USED TO SELECT RECIPIENTS OF THE FUNDS. THE NGO PROVIDES PROOF OF ITS STATUS AND THE FOUNDATION CHECKS TO ENSURE THE ORGANIZATION IS NOT ON THE TREASURY DEPARTMENT LIST OF TERRORIST ORGANIZATIONS BY SUBMITTING THE ORGANIZATION'S NAME AND VERIFICATION THROUGH THE KNIGHT-GUARDIAN DATABASE. THE CHEST FOUNDATION ONLY CONFERS PART OF THE MONETARY GRANT ACCOMPANIED BY A LETTER OF AGREEMENT TO THE RECIPIENT ORGANIZATION. AS PART OF THE AGREEMENT, THE RECIPIENT ORGANIZATION MUST SUBMIT A REPORT AT THE 6-MONTH MILESTONE OF THE PROJECT. AFTER THE REPORT IS REVIEWED, THE REMAINING GRANT FUNDS ARE RELEASED. A FINAL REPORT IS DUE AT THE CONCLUSION OF THE GRANT PERIOD. ANNUAL DINNER 138400 130000 8400 0 0 0 74370 0 90995 138400 130000 8400 0 0 0 74370 0 90995 165365 -156965 true SOCIETY OF HOSPITAL MEDICINE 1500 SPRING GARDEN STREET SUITE 501 PHILADELPHIA PA 19130 233057353 501 (C) (3) 10000 0 N/A N/A PATIENT SAFETY COLLABORATIVE AMERICAN ACADEMY OF PHYSICIAN ASST 950 N WASHINGTON STREET ALEXANDRIA VA 22314 237067770 501 (C) (6) 10000 0 N/A N/A PATIENT SAFETY COLLABORATIVE BAYLOR COLLEGE OF MEDICINE 1504 TAUB LOOP 6TH FLOOR HOUSTON TX 77030 741613878 501 (C) (3) 25000 0 N/A N/A SCHOLAR IN CRITICAL CARE AWARD WOMEN AND INFANTS HOSPITAL 100 DUDLEY STREET SUITE 1100 PROVIDENCE RI 02905 050258937 501 (C) (3) 10000 0 N/A N/A WOMEN'S HEALTH RESEARCH AWARD DUKE UNIVERSITY MEDICAL CENTER 508 FULTON STREET DURHAM NC 27705 560532129 501 (C) (3) 37500 0 N/A N/A LUNGEVITY AWARD EMORY UNIVERSITY 1365C CLIFTON ROAD RM C4094 ATLANTA GA 30322 580566256 501 (C) (3) 37500 0 N/A N/A LUNGEVITY AWARD YALE UNIVERSITY PO BOX 1873 NEW HAVEN CT 06508 060646973 501 (C) (3) 50000 0 N/A N/A GERIATRIC DEVELOPMENT RESEARCH AWARD SCOTT AND WHITE MEMORIAL HOSPITAL 2401 S 31ST STREET TEMPLE TX 76508 741166904 501 (C) (3) 50000 0 N/A N/A GERIATRIC DEVELOPMENT RESEARCH AWARD STANFORD UNIVERSITY SCHOOL OF 300 PASTEUR DRIVE ROOM G312 MC5208 STANFORD CA 94305 941156365 501 (C) (3) 40000 0 N/A N/A AST/CF CLINICAL RESEARCH AWARD NORTHWESTERN UNIVERSITY 2001 SHERIDAN ROAD EVANSTON IL 60208 362167817 501 (C) (3) 10000 0 N/A N/A KELLOGG PARTNERSHIP MAYO CLINIC CANCER CENTER 200 FIRST STREET SOUTHWEST ROCHESTER MN 55905 416011702 501 (C) (3) 37500 0 N/A N/A LUNGEVITY AWARD JOHN HOPKINS UNIVERSITY 600 N WOLFE STREET BLALOCK 910 BALTIMORE MD 21287 520595110 501 (C) (3) 25000 0 N/A N/A ALPHA-1 FOUNDATION/CF AWARD UNIVERSITY OF CALIFORNIA 9500 GILMANN DRIVE LA JOLLA CA 92093 956006144 501 (C) (3) 10000 0 N/A N/A SCHOLAR IN THROMBOSIS AWARD REGENTS OF THE UNIVERSITY OF MICHIGAN 3003 SOUTH STATE STREET ROOM 1054 ANN ARBOR MI 48109 386006309 501 (C) (3) 50000 0 N/A N/A GERIATRIC DEVELOPMENT RESEARCH AWARD AMERICAN LUNG ASSOCIATION 61 BROADWAY 6TH FLOOR NEW YORK NY 10006 131632524 501 (C) (3) 30000 0 N/A N/A AM. LUNG ASSOC/CAREER INVESTIGATOR AWARD AMERICAN ACADEMY OF NURSE PRACTITIONERS 2600 VIA FORTUNA SUITE 100 AUSTIN TX 78746 222547543 501 (C) (6) 10000 0 N/A N/A PATIENT SAFETY COLLABORATIVE UNIVERSITY MEDICINE FOUNDATION 593 EDDY STREET PROVIDENCE RI 02903 054050410 501 (C) (3) 50000 0 N/A N/A SCHOLAR IN RESPIRATORY HEALTH AWARD GENESIS CLINICAL RESEARCH 19260 STONE OAK PARKWAY SUITE 101 SAN ANTONIO TX 78258 820553793 N/A 50000 0 N/A N/A SCHOLAR IN THROMBOSIS AWARD HEALTH OUTREACH TO THE MIDDLE EAST PO BOX 711109 HOUSTON TX 77271 760322627 501 (C) (3) 15000 0 N/A N/A MCCCAFFREE HUMANITARIAN AWARD AMAZON PROMISE 58 HIGH STREET NEWBURYPORT MA 01950 270112973 501 (C) (3) 15000 0 N/A N/A MCCCAFFREE HUMANITARIAN AWARD PORTLAND VA RESEARCH FOUNDATION 3710 SW US VETERANS HOSPITAL RD PORTLAND OR 97239 943090170 501 (C) (3) 37500 0 N/A N/A LUNGEVITY AWARD KU ENDOWMENT 3901 RAINBOW BLVD KANSAS CITY KS 66160 480547734 501 (C) (3) 37500 0 N/A N/A SCHOLAR IN CRITICAL CARE AWARD CONSUMERS ADVANCING PATIENT SAFETY 405 N WABASH AVE SUITE P2W CHICAGO IL 60611 010760086 501 (C) (3) 10000 0 N/A N/A PATIENT SAFETY COLLABORATIVE INTERNATIONAL COLLEGE OF SURGEONS 1516 N LAKE SHORE DRIVE CHICAGO IL 60610 362182052 501 (C) (3) 10000 0 N/A N/A PATIENT SAFETY COLLABORATIVE INFECTIOUS DISEASES SOCIETY 1300 WILSON BLVD SUITE 300 ARLINGTON VA 22209 237045686 501 (C) (6) 10000 0 N/A N/A PATIENT SAFETY COLLABORATIVE SANTEE SCHOOL DISTRICT FOUNDATION 9625 MISSION GORGE ROAD SUITE B PMB SANTEE CA 92071 200435122 501 (C) (3) 10000 0 N/A N/A OUTREACH PROGRAM - CHEST 2009 AMERICAN OSTEOPATHIC ASSOCIATION 142 EAST ONTARIO CHICAGO IL 60611 362170786 501 (C) (3) 10000 0 N/A N/A PATIENT SAFETY COLLABORATIVE CHICAGO ASTHMA CONSORTIUM 4541 N RAVENSWOOD AVE SUITE 303 CHICAGO IL 60640 362222687 501 (C) (3) 15000 0 N/A N/A CHICAGO ASTHMA CONSORTIUM 24 4 ALFRED SOFFER RESEARCH AWARD 5 6000 0 N/A N/A CASE REPORT AWARD 1 775 0 N/A N/A YOUNG INVESTIGATOR RESEARCH AWARD 4 6100 0 N/A N/A Procedures for monitoring use of grant funds Schedule I, Part I, Line 2 THE CHEST FOUNDATION (THE FOUNDATION) 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 THE FOUNDATION STAFF. THE FOUNDATION REQUIRES PROOF OF 501(C)(3) STATUS AND/OR PROOF THAT THE FUNDS WILL BE USED CONSISTENTLY WITH THE FOUNDATION'S EXEMPT PURPOSES. THE FOUNDATION SCREENS ALL ORGANIZATIONS PRIOR TO ISSUING GRANT PAYMENTS. X true true X X X X X X false false false false false false false false false STRATTON DAVIES 0 186950 0 22000 0 2581 0 16050 0 14958 0 242539 0 0 ALVIN LEVER 0 395850 0 78920 0 28109 0 22050 0 8232 0 533161 0 0 MARILYN LEDERER 191580 0 20000 0 3202 0 12780 0 6818 0 234380 0 0 0 Health or social club dues or initiation fees Schedule J, Part I, Line 1a THE ORGANIZATION REIMBURSES THE EXECUTIVE DIRECTOR FOR HEALTH CLUB DUES, UP TO $1,000 PER YEAR. THIS AMOUNT IS TREATED AS TAXABLE COMPENSATION AND INCLUDED IN THE EMPLOYEE'S W-2. Classes of members or stockholders Form 990, Part VI, Section A, Line 6 AMERICAN COLLEGE OF CHEST PHYSICIANS, A RELATED TAX-EXEMPT ORGANIZATION, IS THE SOLE VOTING MEMBER OF THE CHEST FOUNDATION. Members or stockholders electing members of governing body Form 990, Part VI, Section A, Line 7a AMERICAN COLLEGE OF CHEST PHYSICIANS, A RELATED TAX-EXEMPT ORGANIZATION, IS THE SOLE VOTING MEMBER OF THE ORGANIZATION AND HAS THE AUTHORITY TO ELECT THE ORGANIZATION'S GOVERNING BODY. Decisions requiring approval by members or stockholders Form 990, Part VI, Section A, Line 7b THE AUTHORITY OF AMERICAN COLLEGE OF CHEST PHYSICIANS, AS THE SOLE VOTING MEMBER, INCLUDES BUT IS NOT LIMITED TO, VOTING ON NOMINEES FOR TRUSTEES, APPROVAL OF THE CHEST FOUNDATION'S BUDGET, AND OTHER SUCH LAWFUL BUSINESS. Review of form 990 by governing body Form 990, Part VI, Section B, Line 11A PRIOR TO FILING THE RETURN WITH THE IRS, A DRAFT OF THE COMPLETED FORM 990 IS REVIEWED BY THE ORGANIZATION'S AUDIT COMMITTEE. SUBSEQUENT TO THE AUDIT COMMITTEE'S REVIEW, THE COMPLETED AND FINAL FORM 990 IS PRESENTED TO THE ORGANIZATION'S BOARD OF DIRECTORS FOR REVIEW AND SUBSEQUENTLY FILED WITH THE IRS. Conflict of interest policy Form 990, Part VI, Section B, Line 12c ANNUALLY, THE ORGANIZATION DISTRIBUTES AN ELECTRONIC CONFLICT OF INTEREST QUESTIONNAIRE TO ALL INTERESTED PERSONS TO DETERMINE IF ANY POTENTIAL OR ACTUAL CONFLICTS OF INTEREST EXIST. THE DIRECTOR OF LEADERSHIP ACTIVITIES 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. Process used to establish compensation of top management official Form 990, Part VI, Section B, Line 15a FOR FISCAL YEAR ENDED 6/30/2009 THE BOARD OF REGENTS OF THE AMERICAN COLLEGE OF CHEST PHYSICIANS (ACCP), THE SOLE MEMBER OF THE CHEST FOUNDATION (THE FOUNDATION), ENGAGED WATSON WYATT TO PROVIDE CONSULTING ADVICE AND MARKET COMPARABILITY DATA ABOUT THE ORGANIZATION'S TOP MANAGEMENT. WATSON WYATT FIRST DETERMINED THAT THE COMPENSATION COMMITTEE FOR BOTH ACCP AND THE FOUNDATION WERE INDEPENDENT AND FREE FROM CONFLICTS OF INTEREST. THE SECOND STEP WAS DETERMINING WHO WERE THE DISQUALIFIED PERSONS AND THE METHODOLOGY USED TO ASSESS REASONABLENESS. THIS ASSESSMENT WAS CONDUCTED AT THE TOTAL REWARDS LEVEL AND INCLUDED ALL COMPENSATION COMPONENTS. WATSON WYATT OBTAINED EXTERNAL VALID COMPARABLE MARKET DATA FROM PUBLISHED SOURCES FOR COMPARABLE POSITIONS, AND ESTABLISHED A FORM 990 PEER GROUP OF 19 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. THIS PROCESS WAS LAST COMPLETED IN JUNE 2009, AND DOCUMENTED IN ACCP'S COMPENSATION COMMITTEE MINUTES. FOR FISCAL YEAR ENDED 6/30/10, THE COMPENSATION COMMITTEE REVIEWED EXTERNAL COMPARABLE SALARY MARKET DATA, AS WELL AS THE PEER GROUP 990 COMPENSATION. THE COMMITTEE CONSIDERED MANAGEMENT'S RECOMMENDATIONS FOR SALARY INCREASES AND INCENTIVE AWARDS; THEN FINALIZED AND APPROVED SALARY INCREASE AND INCENTIVE AWARDS FOR ALL DISQUALIFIED PERSONS. THIS PROCESS WAS LAST COMPLETED IN JUNE 2010 AND DOCUMENTED IN ACCP'S COMPENSATION COMMITTEE MINUTES. Public Disclosure Form 990, Part VI, Section C, Line 19 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 MADE AVAILABLE TO THE PUBLIC AT THIS TIME. COMPENSATION OF OTHER OFFICER, DIRECTORS, AND KEY EMPLOYEES FORM 990, PART VI, SECTION B, LINE 15B THE ORGANIZATION DOES NOT HAVE ANY OTHER OFFICERS OR KEY EMPLOYEES, THEREFORE, THIS QUESTION WAS NOT APPLICABLE AND HAS BEEN INTENTIONALLY LEFT BLANK. COMPENSATION OF OFFICERS, DIRECTORS, TRUSTEES, KEY EMPLOYEES, ETC. FORM 990, PART VII, SECTION A, LINE 1A, COLUMN (B) PAUL MARKOWSKI, ALVIN LEVER AND STRATTON DAVIES DEVOTE APPROXIMATELY 40 HOURS A WEEK TO AMERICAN COLLEGE OF CHEST PHYSICIANS, A RELATED TAX-EXEMPT ORGANIZATION. DIRECTORS, KALPALATHA GUNTUPALLI, DARCY MARCINIUK AND JAMES MATHERS, EACH DEVOTED APPROXIMATELY 1 HOUR A WEEK TO AMERICAN COLLEGE OF CHEST PHYSICIANS, A RELATED TAX-EXEMPT ORGANIZATION. 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