GREATER LOUISVILLE MEDICAL SOCIETY AND SUBSIDIARY STATEMENT OF ACTIVITIES 03 / 31 / 25
Operating Activities Revenue and Support Dues.............................................................................................................. 635,743 Louisville Medicine and Other Advertising................................. 77,580 MedCentral................................................................................................ 685,782 Insurance Credentialing....................................................................... 43,297 GLMSF Administration......................................................................... 250,564 Other Operating Revenue.................................................................. 6,500 Interest and Dividend Income............................................................ 110,228 Total Revenue and Support.......................................................... 1,791,380
Expenses Committees, Events and General Administration..................... 757,447 Louisville Medicine and Other Advertising................................. 293,371 MedCentral................................................................................................ 680,060 Insurance Credentialing....................................................................... 93,627 Medical Society Professional Services Expenses...................... 6,891 Total Expenses.................................................................................. 1,831,396
Operating Income.........................................................................( 40,016)
Nonoperating Activities Net Investment Return.......................................................................... 85,536 Net Income...................................................................................... 45,520
GREATER LOUISVILLE MEDICAL SOCIETY AND SUBSIDIARY STATEMENT OF FINANCIAL POSITION 03 / 31 / 25
Assets Current Assets Cash / Cash Equivalents........................................................................ 175,814 Accounts Receivable............................................................................. 522,069 Prepaid Expenses.................................................................................... 75,118
Investments and Other Assets Investments at Market Value............................................................... 3,655,780
Property and Equipment Property and Equipment, net.............................................................. 19,679 Total Assets....................................................................................... 4,448,460
Liabilities and Net Assets Current Liabilities Accounts Payable.................................................................................... 41,322 Unearned Revenue................................................................................. 463,268
Net Assets Net Assets without Donor Restrictions.......................................... 3,943,870 Total Liabilities and Net Assets................................................... 4,448,460
GREATER LOUISVILLE MEDICAL SOCIETY FOUNDATION STATEMENT OF ACTIVITIES 03 / 31 / 25
Operating Activities Revenue and Support Contributions............................................................................................. 28,072 Doctor ' s Cup............................................................................................. 92,904 Doctors ' Ball............................................................................................... 75,673 Interest and Dividend Income............................................................ 278,915 Total Revenue and Support.......................................................... 475,564
Expenses Charitable Program Services............................................................. 366,979 General and Administrative................................................................ 116,591 Fundraising and Development........................................................... 133,195 Total Expenses.................................................................................. 616,765
Operating Income( Loss).............................................................( 141,201)
Nonoperating Activities Net Investment Return.......................................................................... 165,029 Net Income...................................................................................... 23,828
GREATER LOUISVILLE MEDICAL SOCIETY FOUNDATION STATEMENT OF FINANCIAL POSITION 03 / 31 / 25
Assets Current Assets Cash / Cash Equivalents........................................................................ 125,694 Prepaid Expenses.................................................................................... 3,604
Investments Investments at Market Value............................................................... 7,980,858 Total Assets................................................................................................. 8,110,156
Liabilities and Net Assets Current Liabilities Accounts Payable.................................................................................... 92,589 Unearned Revenue................................................................................. 16,750
Net Assets Net Assets without Donor Restrictions.......................................... 7,985,141 Net Assets with Donor Restrictions................................................. 15,676 Total Liabilities and Net Assets................................................... 8,110,156
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