GREATER LOUISVILLE MEDICAL SOCIETY STATEMENT OF ACTIVITIES JANUARY – DECEMBER 2016
GREATER LOUISVILLE MEDICAL SOCIETY STATEMENT OF FINANCIAL POSITION DECEMBER 31, 2016
CHANGES IN NET ASSETS Dues $ 684,536 Louisville Medicine advertising 93,245 GLMS News advertising 25,895 Roster sales & advertising 181,856 CAPS 597,235 Society office services 1,608 Sponsorship revenue 3,700 Admin. fee from Medical Society Professional Services
54,996 Admin. fee from GLMS Foundation 54,000 Vital Signs 60,305 Other operating revenue 14,015 Total Operating Revenue 1,771,391
Investment Income 66,016
Total Revenues $ 1,837,407
Program Service Expense Committee & General Administration $ 818,181 Louisville Medicine 170,082 GLMS News 48,731 Roster 168,658 CAPS 515,657 Society office services 178 Sponsorship 5,509 Vital Signs 17,637 Website 15,307 Total Expenses $ 1,759,940
Net increase in unrestricted net assets 77,467
ASSETS CURRENT ASSETS Cash / cash equivalents |
$ |
502,676 |
Accounts receivable |
|
139,266 |
Prepaid expenses |
|
16,152 |
INVESTMENTS AND OTHER ASSETS Investment at market value |
|
2,453,677 |
Annuity contracts |
|
62,739 |
PROPERTY AND EQUIPMENT Leasehold improvements |
|
116,801 |
Office equipment |
|
283,369 |
Less accumulated depreciation |
|
( 264,762) 105,408 |
TOTAL ASSETS |
$ |
3,277,918 |
|
Liabilities and Net Assets
CURRENT LIABILITIES Accounts payable
|
|
162,083 |
Accrued expenses |
|
2,079 |
Unearned income |
|
291,900 |
DEFERRED RETIREMENT BENEFITS |
|
62,739 |
NET ASSETS Unrestricted |
|
2,759,117 |
TOTAL LIABILITIES AND NET ASSETS |
$ |
3,277,918 |
Gain( loss) on sale of investments 60,648 Unrealized gain( loss) on marketable investments 58,270
Changes in net assets $ 196,385
26 LOUISVILLE MEDICINE