Louisville Medicine Volume 69, Issue 5 - Page 24

FEATURE
GREATER LOUISVILLE MEDICAL SOCIETY AND SUBSIDIARY STATEMENT OF ACTIVITIES 03 / 31 / 21
Operating Activities Revenue and Support Dues ........................................................................................ 678,808 Louisville Medicine and Other Advertising ........................... 55,832 MedCentral ............................................................................. 622,604 Provider Enrollment .............................................................. 10,889 GLMS Foundation Administration ........................................ 59,000 Other Operating Revenue ...................................................... 22,595 Medical Society Professional Services Income .................... 56,914 Total Revenue and Support .................................................... 1,506,642
Expenses Committees and General Administration ............................. 588,462 Louisville Medicine and Other Advertising ........................... 251,791 MedCentral ............................................................................. 555,354 Provider Enrollment .............................................................. 45,946 Medical Society Professional Services Expenses ................. 50,307 Total Expenses ........................................................................ 1,491,860
Operating Income ................................................................... 14,782
Nonoperating Activities Net Investment Return .......................................................... 759,185 Net Income .............................................................................. 773,967
GREATER LOUISVILLE MEDICAL SOCIETY AND SUBSIDIARY STATEMENT OF FINANCIAL POSITION 03 / 31 / 21
Assets Current Assets Cash / Cash Equivalents ........................................................... 834,151 Accounts Receivable .............................................................. 380,418 Prepaid Expenses ................................................................... 51,865
Investments and Other Assets Investments at Market Value ................................................ 3,057,936 Annuity Contracts .................................................................. 12,777
Property and Equipment Property and Equipment , net ............................................... 24,192 Total Assets ............................................................................ 4,361,339
Liabilities and Net Assets Current Liabilities Accounts Payable ................................................................... 54,681 Unearned Revenue ................................................................ 566,055 Annuity Contracts .................................................................. 12,777 PPP Loan ................................................................................. 217,300
GREATER LOUISVILLE MEDICAL SOCIETY FOUNDATION STATEMENT OF ACTIVITIES 03 / 31 / 21
Operating Activities Revenue and Support Contributions ......................................................................... 89,064 Total Revenue and Support .................................................... 89,064
Expenses Charitable Program Services ................................................. 129,204 General and Administrative .................................................. 67,450 Fundraising and Development .............................................. 65,210 Total Expenses ........................................................................ 261,864
Operating Income ( Loss )......................................................... ( 172,800 )
Nonoperating Activities Net Investment Return .......................................................... 2,185,913 Net Income .............................................................................. 2,013,113
GREATER LOUISVILLE MEDICAL SOCIETY FOUNDATION STATEMENT OF FINANCIAL POSITION 03 / 31 / 21
Assets Current Assets Cash / Cash Equivalents ........................................................... 121,235 Accounts Receivable .............................................................. 1,500 Pledges Receivable ................................................................ 27,550 Prepaid Expenses ................................................................... 2,487
Investments Investments at Market Value ................................................ 7,983,166
Property and Equipment Property and Equipment , net ............................................... 28,439 Total Assets ............................................................................ 8,164,377
Liabilities and Net Assets Current Liabilities Accounts Payable ................................................................... 26,845
Net Assets Net Assets without Donor Restrictions ................................ 8,104,250 Net Assets with Donor Restrictions ...................................... 33,282 Total Liabilities and Net Assets .............................................. 8,164,377
Net Assets Net Assets without Donor Restrictions ................................ 3,510,526 Total Liabilities and Net Assets .............................................. 4,361,339
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