Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $92,000

• 1f · All other contributions, gifts and grants

  $26,566

• 3 · Investment income

  total $216,450 · excluded $216,450

• 7a · Gross sales of assets other than inventory

  securities $1,372,919

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

  securities $1,196,308

• 7c · Gain or loss

  securities $176,611

• 7d · Net gain or loss

  total $176,611 · excluded $176,611

• 8a · Fundraising events: gross income

  $0

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

  $92,000

• 8b · Fundraising events: direct expenses

  $39,766

• 8c · Net income from fundraising events

  total -$39,766 · excluded -$39,766

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $127,443 · program services $127,443

• 2 · Grants to domestic individuals

  total $80,000 · program services $80,000

• 11c · Fees: accounting

  total $14,250 · management and general $14,250

• 11f · Fees: investment management

  total $41,692 · management and general $41,692

• 13 · Office expenses

  total $1,912 · management and general $1,912

• 14 · Information technology

  total $8,536 · management and general $8,536

• 16 · Occupancy

  total $1,887 · program services $717 · management and general $755 · fundraising $415

• 22 · Depreciation, depletion and amortization

  total $488 · management and general $488

• 23 · Insurance

  total $6,238 · management and general $6,238

• 24a · Other expenses: LABOR ALLOCATION, RELAT

  total $200,575 · program services $54,558 · management and general $96,143 · fundraising $49,874

• 24b · Other expenses: DEVELOPMENT AND PROMOTI

  total $27,065 · management and general $1,525 · fundraising $25,540

• 24c · Other expenses: BANK FEES

  total $805 · management and general $805

• 24d · Other expenses: BAD DEBT EXPENSE

  total $200 · management and general $200

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $155,102 · end of year $90,815

• 3 · Pledges and grants receivable

  beginning of year $600

• 4 · Accounts receivable

  beginning of year $300

• 9 · Prepaid expenses and deferred charges

  beginning of year $6,427 · end of year $19,727

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

  $33,284

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

  $24,178

• 10c · Land, buildings and equipment, net

  beginning of year $9,594 · end of year $9,106

• 11 · Investments: publicly traded securities

  beginning of year $8,134,133 · end of year $7,446,757

• 17 · Accounts payable and accrued expenses

  beginning of year $58,705 · end of year $128,180

• 27 · Net assets without donor restrictions

  beginning of year $8,234,169 · end of year $7,438,225

• 28 · Net assets with donor restrictions

  beginning of year $13,282 · end of year $0

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