Totals
- Total revenue
- $1,116,562
- Total expenses
- $1,293,999
- Contributions and grants received
- $188,113
- Grants paid
- $0
- Program service revenue
- $928,353
- Investment income
- $96
- Other revenue
- $0
- Total assets, end of year
- $207,891
- Total liabilities, end of year
- $385,328
- Net assets or fund balances, end of year
- -$177,437
- Program services expenses (Part IX)
- $1,098,193
- Management and general expenses
- $195,806
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,098,193
Program services were 84.9% 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
$188,113
-
2a · Program service revenue: MEMBERSHIP DUES
total $928,353 · related or exempt $928,353
-
3 · Investment income
total $96 · excluded $96
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $176,286 · program services $176,286
-
10 · Payroll taxes
total $11,827 · program services $11,827
-
11b · Fees: legal
total $151,048 · management and general $151,048
-
11c · Fees: accounting
total $952 · management and general $952
-
11g · Fees: other
total $55,061 · program services $55,061
-
12 · Advertising and promotion
total $34,093 · program services $1,037 · management and general $33,056
-
13 · Office expenses
total $4,141 · management and general $4,141
-
14 · Information technology
total $2,613 · management and general $2,613
-
17 · Travel
total $48 · management and general $48
-
20 · Interest
total $38 · management and general $38
-
23 · Insurance
total $2,122 · management and general $2,122
-
24a · Other expenses: AMBASSADOR PROGRAM
total $797,051 · program services $797,051
-
24b · Other expenses: URBAN DEVELOPMENT
total $56,931 · program services $56,931
-
24c · Other expenses: MEALS AND CATERING
total $1,236 · management and general $1,236
-
24d · Other expenses: BANK FEES
total $552 · management and general $552
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
end of year $1,120
-
4 · Accounts receivable
end of year $206,771
-
17 · Accounts payable and accrued expenses
end of year $385,328
-
27 · Net assets without donor restrictions
end of year -$177,437
Mission and programs · 2023
Mission
TO CREATE A WORLD-CLASS MEDICAL EDUCATION DISTRICT THAT IS SAFE, CLEAN, INNOVATIVE, AND COLLABORATIVE.
Activities or mission (Part I)
TO CREATE A WORLD-CLASS MEDICAL EDUCATION DISTRICT THAT IS SAFE, CLEAN, INNOVATIVE, (SEE SCHEDULE O) AND COLLABORATIVE.
-
THE LOUISVILLE MEDICAL AND EDUCATIONAL DISTRICT IS HOME TO FOUR INTERCONNECTED INSTITUTIONS: JEFFERSON COMMUNITY & TECHNICAL COLLEGE, NORTON HEALTHCARE, UNIVERSITY OF LOUISVILLE HEALTH SCIENCES CENTER, AND UOFL HEALTH. THE DISTRICT IS COMPRISED OF 22 CITY BLOCKS, 250 ACRES, 9.6 MILLION SQUARE FEET OF OCCUPIED SPACE IN DOWNTOWN LOUISVILLE, ATTRACTS OVER 1.5 MILLION VISITORS PER YEAR, AND EMPLOYS OVER 16,000 INDIVIDUALS. LOUMED INC SEEKS TO BUILD A WORLD CLASS MEDICAL AND EDUCATION DISTRICT. PROGRAMS AND STRATEGIC ACTIONS INCLUDE URBAN REVITALIZATION, IMPROVING COMMUNITY SPACE, IMPACTING ECONOMIC DEVELOPMENT, AND UTILIZING AN AMBASSADOR PROGRAM.
Expenses $1,098,193 · Revenue $928,353
As filed on the 2023 return.
Listed in Part VII
-
KEN MARSHALL
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
GARY DRYDEN
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
MATT AYERS
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
PAMELA TURNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
RIGGS LEWIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ANDREW MCCARTHY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JEFFREY BUMPOUS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JOHN WALSCH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
TY HANDY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
NADARECA THIBEAUX
EXECUTIVE DIRECTOR
- Total calculated
- $176,286
- From this org
- $154,599
- From related orgs
- $0
- Other
- $21,687
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $154,599
- Bonus
- $0
- Other
- $0
- Deferred
- $6,184
- Nontaxable benefits
- $15,503
- Filer's total
- $176,286
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 13 May 2024
- IRS schema version
- 2023v5.0
- Source object
- 202411349349304896
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