Overview
What is Greater Louisville Medical Society Foundation Inc?
Greater Louisville Medical Society Foundation Inc is a compassionate nonprofit organization situated in Louisville, Kentucky. Their primary mission is to foster a healthier community by providing charitable support, promoting medical education, and advocating for the well-being of physicians and the community. To achieve this, they support initiatives that improve the health and welfare of local medical professionals and contribute to community development. Their activities encompass advancing medical education and partnering with other charitable organizations to make a positive impact.
Official website here: www.glms.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 72% (Two-Star out of Four Star Rating)
The Greater Louisville Medical Society Foundation Inc has received a Two-Star rating from Charity Navigator, indicating an overall score of 72%. This score reflects a strong emphasis on accountability and finance, which is entirely derived from their performance in this category. The foundation excels in areas such as having a majority of independent board members, with 100% of its 26-member board being independent, and strong financial oversight mechanisms in place.
Despite the foundation's strengths in governance and financial policies, it faces challenges in program expense efficiency, scoring only 1 out of 25 points in this area. The program expense ratio is noted at 50.63%, suggesting that less than half of its expenses are directly allocated to its programs. This raises concerns about the effective allocation of funds and the impact on its mission delivery.
Overall, while the Greater Louisville Medical Society Foundation demonstrates robust accountability standards and transparency, its low program expense ratio indicates potential room for improvement in resource allocation to better serve its community goals.
This AI summary has been generated from information found on Charity Navigator.
Is Greater Louisville Medical Society Foundation Inc legitimate?
Greater Louisville Medical Society Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greater Louisville Medical Society Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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Official website here: www.glms.org
What is the mission statement of Greater Louisville Medical Society Foundation Inc?
The Greater Louisville Medical Society Foundation's mission is centered around supporting the medical society and initiatives that contribute to the improvement of the health and well-being of physicians and the community at large. In pursuit of this goal, the foundation fosters a healthier community by partnering with charitable organizations, promoting medical education, and advocating for the well-being of both physicians and the community. The organization's activities are aimed at enhancing the overall health landscape, ensuring that physicians and the community they serve thrive.
Official website here: www.glms.org
What is the revenue of Greater Louisville Medical Society Foundation Inc?
Greater Louisville Medical Society Foundation Inc's revenue in 2024 was $540,005.
Official website here: www.glms.org
Who are the executives of Greater Louisville Medical Society Foundation Inc and what are their salaries?
There 43 volunteers at Greater Louisville Medical Society Foundation Inc.
Here are 27 key members and their salaries:
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- Related: $186,488
- Other: $35,871
Official website here: www.glms.org
Where can I find the form 990 for Greater Louisville Medical Society Foundation Inc?
Greater Louisville Medical Society Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.glms.org
Learn more at the official website: www.glms.org
Mission Statement of Greater Louisville Medical Society Foundation Inc
The Greater Louisville Medical Society Foundation is committed to enhancing the health and well-being of both physicians and the community at large. To achieve this mission, the foundation supports various charitable partners, invests in medical education, and advocates for the welfare of physicians. By collaborating with these initiatives, the Greater Louisville Medical Society Foundation works towards fostering a healthier community as a whole.
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Impact
July, 2024
The Greater Louisville Medical Society Foundation Inc impacts the community by fostering a healthier society through supporting charitable partners, advancing medical education, and promoting the well-being of physicians and the community. Their initiatives aim to improve the health and well-being of physicians and the community in Louisville, Kentucky.
This information is meant to be a general summary of Greater Louisville Medical Society Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $234,605
- Gross Receipts: $2,699,041
Assets and Liabilities:
- Total Assets: $7,566,405
- Total Liabilities: $128,180
- Net Assets: $7,438,225
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Organization Details
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