Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $127,224

• 1f · All other contributions, gifts and grants

  $28,072

• 3 · Investment income

  total $278,915 · excluded $278,915

• 7a · Gross sales of assets other than inventory

  securities $1,920,992

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

  securities $1,646,210

• 7c · Gain or loss

  securities $274,782

• 7d · Net gain or loss

  total $274,782 · excluded $274,782

• 8a · Fundraising events: gross income

  $41,353

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

  $127,224

• 8b · Fundraising events: direct expenses

  $55,209

• 8c · Net income from fundraising events

  total -$13,856 · excluded -$13,856

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $81,837 · program services $81,837

• 2 · Grants to domestic individuals

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

• 11c · Fees: accounting

  total $20,475 · management and general $20,475

• 11f · Fees: investment management

  total $45,736 · management and general $45,736

• 13 · Office expenses

  total $10,186 · management and general $10,186

• 14 · Information technology

  total $10,448 · management and general $10,448

• 16 · Occupancy

  total $2,222 · program services $1,080 · management and general $640 · fundraising $502

• 22 · Depreciation, depletion and amortization

  total $488 · management and general $488

• 23 · Insurance

  total $6,410 · management and general $6,410

• 24a · Other expenses: LABOR ALLOCATION, RELAT

  total $232,250 · program services $112,891 · management and general $66,923 · fundraising $52,436

• 24b · Other expenses: EVENT EXPENSE

  total $46,171 · program services $46,171

• 24c · Other expenses: DEVELOPMENT AND PROMOTI

  total $25,246 · management and general $198 · fundraising $25,048

• 24d · Other expenses: BANK FEES

  total $823 · management and general $823

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $91,917 · end of year $125,694

• 9 · Prepaid expenses and deferred charges

  beginning of year $3,646 · end of year $3,604

• 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 $8,618 · end of year $0

• 11 · Investments: publicly traded securities

  beginning of year $8,021,225 · end of year $7,980,858

• 17 · Accounts payable and accrued expenses

  beginning of year $148,417 · end of year $109,339

• 27 · Net assets without donor restrictions

  beginning of year $7,958,419 · end of year $7,985,141

• 28 · Net assets with donor restrictions

  beginning of year $18,570 · end of year $15,676

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