TSFRE - Thoracic Surgery Foundation for Research and Education TSFRE - Thoracic Surgery Foundation for Research and Education TSFRE - Thoracic Surgery Foundation for Research and Education
TSFRE - Thoracic Surgery Foundation for Research and Education
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TSFRE CTSNet
Financial Report 2007

STATEMENT OF FINANCIAL POSITION
As of June 30, 2007

 

Total Current Assets $6,988,529
Total Non-Current Assets 1,768,706
     Total Assets $8,757,235
Total Current Liabilities $2,192,366
Total Non-Current Liabilities 1,477,070
     Total Liabilities $3,669,436
Unrestricted Net Assets $2,889,098
Temporarily Restricted Net Assets 2,198,701
     Total Net Assets $5,087,799
     Total Liabilities and Net Assets $8,757,235

REVENUES FOR THE YEAR ENDED JUNE 30, 2007

Surgeon Contributions $258,787
Society & Corporate Contributions $1,169,450
Investment Income $592,395
Revenues for the Year Ended June 30, 2007

EXPENDITURES FOR THE YEAR ENDED JUNE 30, 2006

Research $1,061,184
Education $161,944
Administrative $347,374
Development $105,392
Expenditures for the Year Ended June 30, 2007

TSFRE has become a pivotal force for the growth and vitality of our specialty and its role is increasing, particularly in the areas of research, academic career development and postgraduate education. The efforts of our supporters — through donations or networking — will impact the future of cardiothoracic surgery and the welfare of our patients.

– Lawrence H. Cohn, MD