Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $189,300

• 1f · All other contributions, gifts and grants

  $22,948

• 3 · Investment income

  total $234,605 · excluded $234,605

• 7a · Gross sales of assets other than inventory

  securities $2,252,188

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

  securities $2,089,547

• 7c · Gain or loss

  securities $162,641

• 7d · Net gain or loss

  total $162,641 · excluded $162,641

• 8a · Fundraising events: gross income

  $0

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

  $189,300

• 8b · Fundraising events: direct expenses

  $69,489

• 8c · Net income from fundraising events

  total -$69,489 · excluded -$69,489

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $46,726 · program services $46,726

• 2 · Grants to domestic individuals

  total $110,000 · program services $110,000

• 11c · Fees: accounting

  total $18,000 · management and general $18,000

• 11f · Fees: investment management

  total $39,360 · management and general $39,360

• 12 · Advertising and promotion

  total $13,000 · fundraising $13,000

• 13 · Office expenses

  total $2,014 · management and general $2,014

• 14 · Information technology

  total $8,674 · management and general $8,674

• 16 · Occupancy

  total $2,245 · program services $1,007 · management and general $723 · fundraising $515

• 22 · Depreciation, depletion and amortization

  total $488 · management and general $488

• 23 · Insurance

  total $6,156 · management and general $6,156

• 24a · Other expenses: LABOR ALLOCATION, RELAT

  total $250,564 · program services $112,428 · management and general $80,712 · fundraising $57,424

• 24b · Other expenses: EVENT EXPENSE

  total $65,634 · program services $65,634

• 24c · Other expenses: DEVELOPMENT AND PROMOTI

  total $62,852 · management and general $1,065 · fundraising $61,787

• 24d · Other expenses: BANK FEES

  total $860 · management and general $860

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $90,815 · end of year $91,917

• 9 · Prepaid expenses and deferred charges

  beginning of year $19,727 · end of year $3,646

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

  $33,284

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

  $24,666

• 10c · Land, buildings and equipment, net

  beginning of year $9,106 · end of year $8,618

• 11 · Investments: publicly traded securities

  beginning of year $7,446,757 · end of year $8,021,225

• 17 · Accounts payable and accrued expenses

  beginning of year $128,180 · end of year $148,417

• 27 · Net assets without donor restrictions

  beginning of year $7,438,225 · end of year $7,958,419

• 28 · Net assets with donor restrictions

  beginning of year $0 · end of year $18,570

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