GREATER LOUISVILLE MEDICAL SOCIETY AND SUBSIDIARY STATEMENT OF ACTIVITIES 03 / 31 / 24
Operating Activities Revenue and Support Dues .............................................................................................................. 630,292 Louisville Medicine and Other Advertising ................................. 92,595 MedCentral ................................................................................................ 63,0951 Insurance Credentialing ....................................................................... 31,163 GLMSF Administration ......................................................................... 250,564 Other Operating Revenue .................................................................. 6,500 Interest and Dividend Income ............................................................ 96,434 Medical Society Professional Services Income .......................... 143 Total Revenue and Support .......................................................... 1,738,642
Expenses Committees and General Administration .................................... 733,838 Louisville Medicine and Other Advertising ................................. 293,827 MedCentral ................................................................................................ 666,789 Insurance Credentialing ....................................................................... 79,657 Medical Society Professional Services Expenses ...................... 7,291 Total Expenses .................................................................................. 1,781,411
Operating Income ......................................................................... ( 42,769 )
GREATER LOUISVILLE MEDICAL SOCIETY AND SUBSIDIARY STATEMENT OF FINANCIAL POSITION 03 / 31 / 24
Assets Current Assets Cash / Cash Equivalents ........................................................................ 219,901 Accounts Receivable ............................................................................. 458,734 Prepaid Expenses .................................................................................... 77,105
Investments and Other Assets Investments at Market Value ............................................................... 3,645,977
Property and Equipment Property and Equipment , net .............................................................. 8,822 Total Assets ....................................................................................... 4,410,539
Liabilities and Net Assets Current Liabilities Accounts Payable .................................................................................... 39,259 Unearned Revenue ................................................................................. 472,930
Net Assets Net Assets without Donor Restrictions .......................................... 3,898,350 Total Liabilities and Net Assets ................................................... 4,410,539
Nonoperating Activities Net Investment Return ..........................................................................( 286,460 ) Net Income ...................................................................................... ( 243,691 )
GREATER LOUISVILLE MEDICAL SOCIETY FOUNDATION STATEMENT OF ACTIVITIES 03 / 31 / 24
Operating Activities Revenue and Support Contributions ............................................................................................. 22,948 Doctor ' s Cup ............................................................................................. 107,353 Doctors ' Ball ............................................................................................... 81,947 Interest and Dividend Income ............................................................ 234,605 Total Revenue and Support .......................................................... 446,853
Expenses Charitable Program Services ............................................................. 335,795 General and Administrative ................................................................ 118,693 Fundraising and Development ........................................................... 202,214 Total Expenses .................................................................................. 656,702
Operating Income ( Loss )............................................................. ( 209,849 )
Nonoperating Activities Net Investment Return ..........................................................................( 748,613 ) Net Income ...................................................................................... ( 538,764 )
GREATER LOUISVILLE MEDICAL SOCIETY FOUNDATION STATEMENT OF FINANCIAL POSITION 03 / 31 / 24
Assets Current Assets Cash / Cash Equivalents ........................................................................ 91,917 Prepaid Expenses .................................................................................... 3,636
Investments Investments at Market Value ............................................................... 8,021,225
Property and Equipment Property and Equipment , net .............................................................. 8,618 Total Assets ....................................................................................... 8,125,406
Liabilities and Net Assets Current Liabilities Accounts Payable .................................................................................... 134,167 Unearned Revenue ................................................................................. 14,250
Net Assets Net Assets without Donor Restrictions .......................................... 7,958,419 Total Liabilities and Net Assets ................................................... 8,125,406
26 LOUISVILLE MEDICINE