Projections vs.

Actual Revenue and Expenses 2005 - 2006

Projections made July 2002
Increase / Increase /
2005 Projections 2005 Actual (Decrease) 2006 Projections 2006 Actual (Decrease)
Revenues

Earned Revenues
Admissions $ 2,875,784 $ 1,764,828
Merchandise Sales $ 1,987,837 $ 1,335,167
Memberships $ 1,472,500 $ 1,780,850
Facility Rental $ 260,000 $ 351,000
Food Sales $ 110,500 $ 84,500
Total Earned Revenues $ 6,706,621 $ 2,612,516 $ (4,094,105) $ 5,316,345 $ 1,821,342 $ (3,495,003)

Support Revenue
*Post Opening Endowment Earnings $ 250,000 $ 250,000
**Permenantly Restricted Endowment Earnings $ 100,000 $ 100,000
Investment Income $ 663,760 $ 1,270,274
Annual Fundraising $ 1,600,000 $ 1,900,000
Foundations $ 150,000 $ 6,658,904 $ 4,658,904 $ 150,000 $ 9,447,211 $ 7,297,211
Special Events-Gala/IFCA $ 250,000 $ 100,000
Government Support-grants/legislation $ 500,000 $ 4,931,000 $ 4,431,000 $ 750,000 $ 3,167,203 $ 2,417,203
Other $ 310,895 $ (46,539)
Total Support Revenue $ 2,850,000 $ 12,564,559 $ 9,714,559 $ 3,250,000 $ 13,838,149 $ (17,088,149)

Total Revenue $ 9,556,621 $ 15,177,075 $ 5,620,454 $ 8,566,345 $ 15,659,491 $ 7,093,146

Operating Expenses
Wages (taxes, benefits) $ 4,967,356 $ 4,928,376
Merchandise cost of sales $ 1,029,000 $ 670,000
Digitization $ 500,000 $ 500,000
Professional Fees $ 371,000 $ 382,000
Advertising $ 432,000 $ 136,000
Insurance $ 205,000 $ 220,000
Interest Expense $ 330,000 $ 1,910,715 $ 1,580,715 $ 170,000 $ 2,415,060 $ 2,245,060
Utilities $ 240,000 $ 248,000
Buildings/Grounds-supplies, maintenance $ 225,000 $ 260,000
Travel Expenses $ 132,000 $ 136,000
Office Supplies $ 99,000 $ 102,000
Equipment Rental, maintenance $ 100,000 $ 103,000
Printing and Publications $ 136,000 $ 140,000
Conferences and Meetings $ 89,000 $ 92,000
Telephone $ 92,000 $ 95,000
Postage and Shipping $ 95,000 $ 98,000
Training $ 45,000 $ 47,000
Banking Fees $ 82,000 $ 54,000
Membership and Dues $ 22,000 $ 23,000
Progams, Exhibits and Education Other $ 50,000 $ 52,000
Contingency/Miscellaneous $ 275,000 $ 100,000
Museum Programs $ 4,004,671 $ 3,642,693
Other Programs $ 1,427,935 $ 1,599,884
Administrative and General $ 1,942,022 $ 1,595,824
Fundraising and Development $ 3,509,197 $ 2,414,738
Depreciation $ 4,520,234 $ 4,473,639
In-Kind Expenses $ 444,150 $ 294,851

Total Operating Expenses $ 9,516,356 $ 17,758,924 $ 8,242,568 $ 8,556,376 $ 16,436,689 $ 7,880,313

Revenue Less Expenses $ 40,265 $ (2,581,849) $ (2,622,114) $ 9,969 $ (777,198) $ (787,167)

*Post Opening Endowment Funds were projected to be earned at 5% annually on $5 million invested, yielding $125,000 for the six months post opening in 2004 and
$250,000 annually n 2005-2007

**Permenantly Restricted Endowment funds were projected to be earned at 5% annually on $2 million invested, yielding $50,000 for the six months post opening in
2004 and $100,000 annually in 2005-2007

\\ocfcsp\pr\Shared Documents\NURFC 12-30-2010 Request\!EXCLUDE\PS NURFC Doc Library\NURFC 2002

projections vs. actual.xls2/21/2011
 2005 Projections 2005 Actual 2006 Projections 2006 Actual
Earned Revenue $ 6,706,621 $ 2,612,516 $ 5,316,345 $ 1,821,342
Private Fundraising $ 2,000,000 $ 6,658,904 $ 2,150,000 $ 9,447,211
Government $ 500,000 $ 4,931,000 $ 750,000 $ 3,167,203
Other $ 350,000 $ 974,655 $ 350,000 $ 1,223,735
Total Revenue $ 9,556,621 $ 15,177,075 $ 8,566,345 $ 15,659,491

2005 Projections 2005 Actual 2006 Projections 2006 Actual

Earned Revenue 70% 17% Earned Revenue 62% 12%
Private Fundraising 21% 44% Private Fundraising 25% 60%
Government 5% 32% Government 9% 20%
Other 4% 6% Other 4% 8%

100% 100%

90% 90%

80% 80%

70% 70%

60% 60%
2005 Projections
50% 50%
2005 Actual
40% 40%

30% 30%

20% 20%

10% 10%

0% 0%
Earned Revenue Private Government Other Earned Private
Fundraising Revenue Fundraisin

2005 2006
Projections $ 6,706,621 $ 5,316,345
Actual $ 2,612,516 $ 1,821,342

Earned Revenue

$8,000,000
$7,000,000
$6,000,000
$5,000,000
Projections
$4,000,000
Actual
$3,000,000
$2,000,000
$1,000,000
$-
2005 2006

\\ocfcsp\pr\Shared Documents\NURFC 12-30-2010 Request\!EXCLUDE\PS NURFC Doc Library\NURFC 2002

projections vs. actual.xls2/21/2011
2007 Projections

$ 1,496,460
$ 1,130,903
$ 1,860,000
$ 416,000
$ 78,000
$ 4,981,363

$ 250,000
$ 100,000

$ 2,100,000
$ 150,000
$ 250,000
$ 750,000

$ 3,600,000

$ 8,581,363

$ 4,974,228
$ 541,000
$ 500,000
$ 393,000
$ 140,000
$ 240,000
$ 100,000
$ 255,000
$ 300,000
$ 140,000
$ 105,000
$ 106,000
$ 138,000
$ 95,000
$ 95,000
$ 100,000
$ 49,000
$ 44,000
$ 24,000
$ 55,000
$ 100,000

$ 8,494,228

$ 87,135

\\ocfcsp\pr\Shared Documents\NURFC 12-30-2010 Request\!EXCLUDE\PS NURFC Doc Library\NURFC 2002

projections vs. actual.xls2/21/2011
 2006 Projections
2006 Actual

Government Other
ng

\\ocfcsp\pr\Shared Documents\NURFC 12-30-2010 Request\!EXCLUDE\PS NURFC Doc Library\NURFC 2002

projections vs. actual.xls2/21/2011