Greater Louisville Medical Society
- Assets
- $4.4m
- Revenue
- $2.0m
- Investments
- $2.8m
- Employees
- 19
- Location
- Louisville, KY
- Founding
- 12/1939
- Data as of
- 03/2022
- EIN
- 61-0237560
Organization Overview
Greater Louisville Medical Society is located in Louisville, KY. The organization was established in 1939. According to its NTEE Classification (E03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Health Care and related organizations. As of 03/2022, Greater Louisville Medical Society employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Louisville Medical Society is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 03/2022, Greater Louisville Medical Society generated $2.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $1.6m during the year ending 03/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
GREATER LOUISVILLE MEDICAL SOCIETY EMPOWERS PHYSICIANS BY CREATING ENGAGING EXPERIENCES, ADVANCING MEANINGFUL ADVOCACY AND BUILDING IMPACTFUL RELATIONSHIPS IN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ENCOURAGE AND DEVELOP EDUCATION AND SCIENTIFIC ACTIVITY IN THE FIELD OF MEDICAL SCIENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bert Guinn Executive Director | Officer | 20 | $177,221 |
Frank Burns MD Board Chair Through May | Trustee | 8 | $0 |
Monalisa Tailor MD President And Board Chair Through March | Trustee | 8 | $0 |
Brian Sosnin MD President | Trustee | 2 | $0 |
Patricia Purcell MD Vice President | Trustee | 2 | $0 |
Valerie Briones-Pryor MD President-Elect | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $720,100 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $217,300 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $937,400 |
| Total Program Service Revenue | $813,370 |
| Investment income | $74,405 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $48,040 |
| Net Gain/Loss on Asset Sales | $144,768 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,028,410 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $209,707 |
| Compensation of current officers, directors, key employees. | $28,697 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $666,999 |
| Pension plan accruals and contributions | $23,019 |
| Other employee benefits | $110,749 |
| Payroll taxes | $61,148 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,708 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,700 |
| Office expenses | $216,837 |
| Information technology | $128,200 |
| Royalties | $0 |
| Occupancy | $99,020 |
| Travel | $25,274 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,733 |
| Insurance | $10,118 |
| All other expenses | $3,022 |
| Total functional expenses | $1,601,134 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,258,919 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $110,240 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $41,904 |
| Net Land, buildings, and equipment | $2,974 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,754,317 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $207,642 |
| Total assets | $4,375,996 |
| Accounts payable and accrued expenses | $56,096 |
| Grants payable | $0 |
| Deferred revenue | $566,550 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,291 |
| Total liabilities | $630,937 |
| Net assets without donor restrictions | $3,745,059 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,375,996 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Greater Louisville Medical Society has recieved totaling $6,500.
| Awarding Organization | Amount |
|---|---|
Kentucky Medical Assn Louisville, KY PURPOSE: MARKETING | $6,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Illinois Primary Health Care Association Springfield, IL | $11,577,545 | $20,459,063 |
Accreditation Association For Ambulatory Health Care Inc Skokie, IL | $34,944,866 | $26,328,831 |
American Board Of Medical Specialties Chicago, IL | $33,424,313 | $22,297,576 |
Missouri Hospital Association Jefferson City, MO | $56,914,745 | $17,839,212 |
Community Health Accreditation Program Inc Arlington, VA | $22,682,316 | $18,320,268 |
Indiana Hospital Association Inc Indianapolis, IN | $14,217,273 | $13,385,165 |
Tennessee Hospital Association Brentwood, TN | $59,191,608 | $16,937,384 |
The Saturday Evening Post Society Inc Indianapolis, IN | $49,329,518 | $11,274,580 |
National Church Residences Columbus, OH | $6,772,830 | $11,332,666 |
American Academy Of Physical Medicine And Rehabilitation Rosemont, IL | $24,985,225 | $10,237,461 |
Greater Dayton Area Hospital Assoc Dayton, OH | $5,189,718 | $9,300,133 |
American Organization For Nursing Leadership Chicago, IL | $20,744,562 | $7,460,958 |