Virginia · Nonprofit
AATS FOUNDATION
AATS FOUNDATION (Virginia) receives grants from 15 organizations whose IRS filings report $1,831,251 to it, the largest being EDWARDS LIFESCIENCES FOUNDATION ($724,488). 11 of them have funded it in more than one year.
- Revenue FY2024
- $2.8M
- Funders on record
- 15
- Grants received
- $1.8M
- Net assets
- $12M
What Aats Foundation does
Mission
Support cardiothoracic surgeons in research and education.
As stated on its FY2024 Form 990.
Programs
To perform and carry out such other educational, scientific, and charitable functions and purposes of aats such as: every heart beat matters, sir magdi yacoub hom program, wts mid-career investigator award, marc r. De leval hom program, intuitive surgical robotics fellowship, intuitive advanced lobectomy course, david j. Sugarbaker hom program, research scholarships, lawrence h. Cohn hom program, atricure james l. Cox fellowship, tirone david hom program, Aats Foundation equity award, valerie w. Rusch hom program, resident research cardiac scholarship, cleveland clinic hom program, jack a. Roth hom program, summer intern program, timothy j. Gardner hom program, aldo r. Castaneda hom program, global academic exchange fund, medtronic advanced valve, alain carpentier hom program, f. Griffith pearson hom program
$1,652,512 spentof which $1,265,266 as grants72% of program spendingSurgical investigator program - the surgical investigator program supports clinical and translational research by young cardiothoracic surgeons, including topics related to quality and outcomes research, and studies of new and innovative therapies, procedures, and technologies in cardiothoracic surgery.
$250,000 spentof which $250,000 as grants11% of program spendingGraham traveling fellowship - the evarts a. Graham memorial traveling fellowship was established in 1951 by the american association for thoracic surgery for the purpose of supporting study within north america by promising young academic cardiothoracic surgeons from outside the region to broaden their overall training and increase international contacts.
$201,314 spentof which $200,000 as grants9% of program spendingMedical student diversity scholarship - these scholarships support medical students planning to pursue a career in cardiothoracic surgery and who are from an underrepresented in medicine population. Underrepresented in medicine means those racial and ethnic populationsthat are underrepresented in the medical profession relative to their numbers in the general population.
$194,000 spentof which $194,000 as grants8% of program spending
The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $2,297,826.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $11M to $14M (+21%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
73% of AATS FOUNDATION’s revenue is contributions — more donation-reliant than the typical peer (51% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
David R Bobbitt Msc Mba
Chief executive officer
As listed on its FY2024 Form 990.
The chief executive listed changed between the FY2020 and FY2021, and between the FY2021 and FY2022 filings.
Who funds it, year by year
2017 → 2023: the base broadened from 4 funders to 11 funders, grant income rose $402k → $453k.
7 of 15 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 27% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
Left out of every figure on this page: $2.5M from one payer (the payer shares this organization's board, largest American Association for Thoracic Surgery). These are real filings, and they are not money AATS FOUNDATION raised.
From the IRS filings of AATS FOUNDATION’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
AATS FOUNDATION leans on a few funders — its largest provides 40% of grant income and the top three 64%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
53% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund AATS FOUNDATION.
Largest funder’s share by year: 2017 25% · 2018 100% · 2019 100% · 2020 50% · 2021 81% · 2022 74% · 2023 66% — growing more concentrated.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
44% of AATS FOUNDATION's funders are still giving 3 years after their first grant; 73% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
AATS FOUNDATION draws 100% of its grant income from funders outside Virginia, across 5 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $487k arriving through sponsors registered in 5 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
AATS FOUNDATION's funding base is broadening — from 4 funders to 11 as grant income climbed.
this organization peer median middle 50% of peers· 8,121 health nonprofits $1M–$10M, FY2024
Organizations like AATS FOUNDATION
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Virginia
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
78% of spending goes to programs.
Governance
Footprint & structure
Files a return copy in 2 states
Part of a family of 1 related entity
- American Association for Thoracic Surgery · exempt
Screen this organization
A dated, signed PDF of the compliance screen for AATS FOUNDATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds AATS FOUNDATION?
- AATS FOUNDATION (Virginia) receives grants from 15 organizations whose IRS filings report $1,831,251 to it, the largest being EDWARDS LIFESCIENCES FOUNDATION ($724,488). 11 of them have funded it in more than one year.
- How many funders does AATS FOUNDATION have?
- IRS filings report 15 organizations giving $1,831,251 in grants to AATS FOUNDATION, 11 of which have funded it in more than one year.
- Who is the largest funder of AATS FOUNDATION?
- EDWARDS LIFESCIENCES FOUNDATION is the largest funder on record, with $724,488 in grants. The full list of funders is on this page.
- How can an organization like AATS FOUNDATION find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Virginia. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 15 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing