STATEMENT OF FINANCIAL POSITION As of June 30, 2009   Assets: Total Current Assets $4,614,433 Plegdes Receivable $226,320      Total Assets $4,840,753 Liabilities: Awards Payable $2,828,738 Total Non-Current Liabilities $1,132,332      Total Liabilities $3,961,070 Fund Balances: Fund Balance $3,764,861 Year to Date Income (Loss) $-2,885,178      Total Fund Balances $879,683      Total Liabilities and Net Assets $4,840,753

REVENUES FOR THE YEAR ENDED JUNE 30, 2009

Surgeon Contributions	$125,576
Society & Corporate Contributions	$219,725
Investment Income	$18,985

EXPENDITURES FOR THE YEAR ENDED JUNE 30, 2009

Research	$924,327
Education	$1,018,500
Administrative	$377,468

TSFRE ensures that research and education, the foundations for progress within the medical specialty, remain at the forefront and that innovative, new endeavors receive the support and commitment necessary to advance thoracic surgery in future years.

Back to 2009 Annual Report