GREATER LOUISVILLE MEDICAL SOCIETY AND SUBSIDIARY STATEMENT OF ACTIVITIES 03 / 31 / 23
Operating Activities Revenue and Support Dues .............................................................................................................. 699,278 Louisville Medicine and Other Advertising ................................. 78,364 MedCentral ................................................................................................ 737,744 Provider Enrollment ................................................................................ 10,475 GLMSF Administration ......................................................................... 200,574 Other Operating Revenue .................................................................. 7,140 Interest and Dividend Income ............................................................ 70,047 Medical Society Professional Services Income .......................... 46,990 Total Revenue and Support .......................................................... 1,850,612
Expenses Committees and General Administration .................................... 666,320 Louisville Medicine and Other Advertising ................................. 337,484 MedCentral ................................................................................................ 634,898 Provider Enrollment ................................................................................ 36,028 Medical Society Professional Services Expenses ...................... 44,608 Total Expenses .................................................................................. 1,719,338
Operating Income ......................................................................... 131,274
Nonoperating Activities Net Investment Return ..........................................................................( 221,674 ) Net Income ...................................................................................... ( 90,400 )
GREATER LOUISVILLE MEDICAL SOCIETY AND SUBSIDIARY STATEMENT OF FINANCIAL POSITION 03 / 31 / 23
Assets Current Assets Cash / Cash Equivalents ........................................................................ 320,362 Accounts Receivable ............................................................................. 364,630 Prepaid Expenses .................................................................................... 44,202
Investments and Other Assets Investments at Market Value ............................................................... 3,474,291 Annuity Contracts ................................................................................... 7,370
Property and Equipment Property and Equipment , net .............................................................. 7,971 Total Assets ....................................................................................... 4,218,826
Liabilities and Net Assets Current Liabilities Accounts Payable .................................................................................... 61,503 Unearned Revenue ................................................................................. 495,294 Annuity Contracts ................................................................................... 7,370
Net Assets Net Assets without Donor Restrictions .......................................... 3,654,659 Total Liabilities and Net Assets ................................................... 4,218,826
GREATER LOUISVILLE MEDICAL SOCIETY FOUNDATION STATEMENT OF ACTIVITIES 03 / 31 / 23
Operating Activities Revenue and Support Contributions ............................................................................................. 118,566 Interest and Dividend Income ............................................................ 216,450 Total Revenue and Support .......................................................... 335,016
Expenses Charitable Program Services ............................................................. 262,718 General and Administrative ................................................................ 130,851 Fundraising and Development ........................................................... 115,596 Total Expenses .................................................................................. 509,165
Operating Income ( Loss )............................................................. ( 174,149 )
Nonoperating Activities Net Investment Return ..........................................................................( 635,077 ) Net Income ...................................................................................... ( 809,226 )
GREATER LOUISVILLE MEDICAL SOCIETY FOUNDATION STATEMENT OF FINANCIAL POSITION 03 / 31 / 23
Assets Current Assets Cash / Cash Equivalents ........................................................................ 90,815 Prepaid Expenses .................................................................................... 19,727
Investments Investments at Market Value ............................................................... 7,446,757
Property and Equipment Property and Equipment , net .............................................................. 9,106 Total Assets ....................................................................................... 7,566,405
Liabilities and Net Assets Current Liabilities Accounts Payable .................................................................................... 110,430 Unearned Revenue ................................................................................. 17,750
Net Assets Net Assets without Donor Restrictions .......................................... 7,438,225 Total Liabilities and Net Assets ................................................... 7,566,405
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