GREATER LOUISVILLE MEDICAL
SOCIETY
STATEMENT OF ACTIVITIES
JANUARY – DECEMBER 2015
CHANGES IN NET ASSETS
Dues
ASSETS
$
682,313
CURRENT ASSETS
Louisville Medicine advertising
142,735
Cash/cash equivalents
GLMS News advertising
9,685
Accounts receivable
143,161
Roster sales & advertising
214,099
Prepaid expenses
15,919
CAPS
642,599
Society office services
5,064
INVESTMENTS AND OTHER ASSETS
Sponsorship revenue
750
Investment at market value
2,400,301
Admin. fee from Medical Society Professional Services
54,996
Annuity contracts
88,232
Admin. fee from GLMS Foundation
54,000
Vital Signs
80,406
PROPERTY AND EQUIPMENT
Other operating revenue
15,050
Total Operating Revenue 1,901,697
Investment Income
74,038
Total Revenues $ 1,975,735
Committee & General Administration $
1,017,524
Louisville Medicine
181,990
GLMS News
95,307
Roster
109,596
CAPS
490,459
Society office services
688
Sponsorship
2,381
Vital Signs
26,309
Website
10,981
Mobile App 433
Total Expenses $ 1,935,667
Net increase in unrestricted net assets
40,427
Gain (loss) on sale of investments
62,228
Unrealized gain (loss) on marketable investments
(191,104)
Changes in net assets
(91,806)
LOUISVILLE MEDICINE
$
235,141
Leasehold improvements
116,801
Office equipment
220,019
Less accumulated depreciation
(269,204)
67,616
TOTAL ASSETS $ 2,950,370
Liabilities and Net Assets
Program Service Expense
28
GREATER LOUISVILLE MEDICAL
SOCIETY
STATEMENT OF FINANCIAL POSITION
DECEMBER 31, 2015
$
CURRENT LIABILITIES
Accounts payable
111,915
Accrued expenses
3,691
Unearned income
181,407
DEFERRED RETIREMENT BENEFITS
88,232
NET ASSETS
Unrestricted
TOTAL LIABILITIES AND NET ASSETS
2,565,125
$ 2,950,370