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← LOUISIANA STATE MEDICAL SOCIETY EDUCATIONAL AND RESEARCH FOUNDATIO

Form 990 for tax year 2023

Filed by LOUISIANA STATE MEDICAL SOCIETY EDUCATIONAL AND RESEARCH FOUNDATIO.

Totals

Total revenue
$7,273
Total expenses
$59,632
Contributions and grants received
$68
Grants paid
$0
Program service revenue
$0
Investment income
$7,205
Other revenue
$0
Total assets, end of year
$205,793
Total liabilities, end of year
$13,243
Net assets or fund balances, end of year
$192,550
Program services expenses (Part IX)
$57,082
Management and general expenses
$2,550
Fundraising expenses
$0
Program service expenses (Part III)
$57,082

Program services were 95.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $68

  • 3 · Investment income

    total $7,205 · related or exempt $7,205

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $4,750 · program services $3,800 · management and general $950

  • 24a · Other expenses: LEADERSHIP GRANT

    total $29,038 · program services $29,038

  • 24b · Other expenses: JOURNAL PRINTING

    total $17,844 · program services $17,844

  • 24c · Other expenses: ADMINISTRATIVE SERVICES

    total $8,000 · program services $6,400 · management and general $1,600

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $17,357 · end of year $936

  • 4 · Accounts receivable

    beginning of year $50,000 · end of year $57,500

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

    $7,827

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

    $7,827

  • 12 · Investments: other securities

    beginning of year $177,451 · end of year $147,357

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,100 · end of year $13,243

  • 27 · Net assets without donor restrictions

    beginning of year $40,154 · end of year $19,291

  • 28 · Net assets with donor restrictions

    beginning of year $199,554 · end of year $173,259

Mission and programs · 2023

Mission

THE PRIMARY PURPOSE OF THE FOUNDATION IS TO ENGAGE IN AND CARRY OUT SCIENTIFIC RESEARCH IN THE FIELDS OF MEDICAL SCIENCE, MEDICAL ECONOMICS, PUBLIC HEALTH, SOCIOLOGY, AND RELATED AREAS FOR THE BENEFIT OF THE INTERESTED PUBLIC, MEDICAL SCHOOLS AND THE MEDICAL COMMUNITY IN THE STATE OF LOUISIANA. THE FOUNDATION ALSO SUPPORTS MEDICAL AND PARA-MEDICAL EDUCATION AND THE PROFESSIONAL SCHOOLS AND UNIVERSITIES THROUGH GRANTS AND SCHOLARSHIPS FOR THE PURPOSE OF DEVELOPING THE CAPABILITIES TO STUDY, TEACH AND PRACTICE MEDICINE IN AN EFFORT TO SERVE THE PUBLIC'S HEALTH NEEDS.

  • THE LOUISIANA STATE MEDICAL SOCIETY EDUCATIONAL AND RESEARCH FOUNDATION (LSMS ERF) IS ACCREDITED BY THE LOUISIANA STATE MEDICAL SOCIETY TO PROVIDE CONTINUING MEDICAL EDUCATION (CME) FOR PHYSICIANS.

  • OTHER PROGRAM SERVICE PROVIDED DURING THE YEAR

    Expenses $57,082

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Lauren Bailey

    MEMBER-AT-LA

    Total calculated
    $0
    Hours/week
    1

  • Gween Jackson

    MEMBER-AT-LA

    Total calculated
    $0
    Hours/week
    1

  • Amberly Nunez MD

    SECRETARY/TR

    Total calculated
    $0
    Hours/week
    1

  • John Noble MD

    ACTING CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Jeff Williams

    MEMBER-AT-LA

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
26 November 2024
IRS schema version
2023v5.0
Source object
202403449349300605

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