GREATER LOUISVILLE MEDICAL SOCIETY AND SUBSIDIARY STATEMENT OF ACTIVITIES 03 / 31 / 22
Operating Activities Revenue and Support Dues .............................................................................................................. 720,100 Louisville Medicine and Other Advertising ................................. 82,889 MedCentral ................................................................................................ 666,571 Provider Enrollment ................................................................................ 10,278 Roster Advertising and Sales .............................................................. 52,156 Rent Income ............................................................................................... 48,040 GLMSF Administration ......................................................................... 231,381 Other Operating Revenue .................................................................. 7,977 Medical Society Professional Services Income .......................... 58,751 Total Revenue and Support .......................................................... 1,878,143
Expenses Committees and General Administration .................................... 761,388 Louisville Medicine and Other Advertising ................................. 254,567 MedCentral ................................................................................................ 609,100 Roster ........................................................................................................... 155,337 Provider Enrollment ................................................................................ 37,416 Medical Society Professional Services Expenses ...................... 51,839 Total Expenses .................................................................................. 1,869,647
Operating Income ......................................................................... 8,496
Nonoperating Activities Net Investment Return .......................................................................... ( 9,272 ) Gain on disposal of Property and Equipment ............................. 18,009 Gain on forgiveness of PPP loan ....................................................... 217,300 Net Income ...................................................................................... 234,533
GREATER LOUISVILLE MEDICAL SOCIETY FOUNDATION STATEMENT OF ACTIVITIES 03 / 31 / 22
Operating Activities Revenue and Support Contributions ............................................................................................. 115,420 Total Revenue and Support .......................................................... 115,420
Expenses Charitable Program Services ............................................................. 166,921 General and Administrative ................................................................ 159,394 Fundraising and Development ........................................................... 103,270 Total Expenses .................................................................................. 429,585
Operating Income ( Loss )............................................................. ( 314,165 )
Nonoperating Activities Net Investment Return .......................................................................... 440,967 Loss on disposal of Property and Equipment ............................... ( 16,883 ) Net Income ...................................................................................... 109,919
GREATER LOUISVILLE MEDICAL SOCIETY AND SUBSIDIARY STATEMENT OF FINANCIAL POSITION 03 / 31 / 22
Assets Current Assets Cash / Cash Equivalents ........................................................................ 1,290,096 Accounts Receivable ............................................................................. 104,394 Prepaid Expenses .................................................................................... 43,242
Investments and Other Assets Investments at Market Value ............................................................... 2,928,499 Annuity Contracts ................................................................................... 8,291
Property and Equipment Property and Equipment , net .............................................................. 2,974 Total Assets ....................................................................................... 4,377,496
Liabilities and Net Assets Current Liabilities Accounts Payable .................................................................................... 57,596 Unearned Revenue ................................................................................. 566,550 Annuity Contracts ................................................................................... 8,291
Net Assets Net Assets without Donor Restrictions .......................................... 3,745,059 Total Liabilities and Net Assets ................................................... 4,377,496
GREATER LOUISVILLE MEDICAL SOCIETY FOUNDATION STATEMENT OF FINANCIAL POSITION 03 / 31 / 22
Assets Current Assets Cash / Cash Equivalents ........................................................................ 155,102 Accounts Receivable ............................................................................. 900 Prepaid Expenses .................................................................................... 6,427
Investments Investments at Market Value ............................................................... 8,134,133
Property and Equipment Property and Equipment , net .............................................................. 9,594 Total Assets ....................................................................................... 8,306,156
Liabilities and Net Assets Current Liabilities Accounts Payable .................................................................................... 42,705 Unearned Revenue ................................................................................. 16,000
Net Assets Net Assets without Donor Restrictions .......................................... 8,234,169 Net Assets with Donor Restrictions ................................................. 13,282 Total Liabilities and Net Assets ................................................... 8,306,156
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