Form 990 for tax year 2025

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $55,952

• 1f · All other contributions, gifts and grants

  $15,462

• 3 · Investment income

  total $299,051 · excluded $299,051

• 7a · Gross sales of assets other than inventory

  securities $7,860,828

• 7b · Less cost or other basis and sales expenses

  securities $5,531,018

• 7c · Gain or loss

  securities $2,329,810

• 7d · Net gain or loss

  total $2,329,810 · excluded $2,329,810

• 8a · Fundraising events: gross income

  $154,473

• 8a · Fundraising events: contributions included on line 1c

  $55,952

• 8b · Fundraising events: direct expenses

  $177,785

• 8c · Net income from fundraising events

  total -$23,312 · excluded -$23,312

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $73,685 · program services $73,685

• 2 · Grants to domestic individuals

  total $125,000 · program services $125,000

• 11c · Fees: accounting

  total $21,450 · management and general $21,450

• 11f · Fees: investment management

  total $48,036 · management and general $48,036

• 13 · Office expenses

  total $2,093 · management and general $2,093

• 14 · Information technology

  total $11,162 · management and general $11,162

• 16 · Occupancy

  total $2,507 · program services $1,060 · management and general $730 · fundraising $717

• 23 · Insurance

  total $6,479 · management and general $6,479

• 24a · Other expenses: LABOR ALLOCATION, RELAT

  total $242,508 · program services $102,518 · management and general $70,596 · fundraising $69,394

• 24b · Other expenses: EVENT EXPENSE

  total $43,373 · program services $43,373

• 24c · Other expenses: DEVELOPMENT AND PROMOTI

  total $10,959 · management and general $755 · fundraising $10,204

• 24d · Other expenses: BANK FEES

  total $972 · management and general $972

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $125,694 · end of year $60,795

• 9 · Prepaid expenses and deferred charges

  beginning of year $3,604 · end of year $2,736

• 10a · Land, buildings and equipment: cost or other basis

  $10,310

• 10b · Land, buildings and equipment: accumulated depreciation

  $10,310

• 10c · Land, buildings and equipment, net

  beginning of year $0 · end of year $0

• 11 · Investments: publicly traded securities

  beginning of year $7,980,858 · end of year $8,469,439

• 17 · Accounts payable and accrued expenses

  beginning of year $109,339 · end of year $81,768

• 27 · Net assets without donor restrictions

  beginning of year $7,985,141 · end of year $8,429,915

• 28 · Net assets with donor restrictions

  beginning of year $15,676 · end of year $21,287

The filer's explanations (Part III)

PART I, LINE 6

BERT GUINN RECEIVES BONUS ON NET INCOME FROM MEDICAL SOCIETY PROFESSIONAL SERVICES (EIN 61-0539400).

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• MEDICAL SOCIETY PROFESSIONAL SERVICES INC

  C · PROFESSIONAL SERVICES FOR THE MEDICAL COMMUNITY · KY

  Directly controlled by GREATER LOUISVILLE MEDICAL SOCIETY