National Underground Railroad Freedom Center

Statement of Activities
As of February 28, 2009

Temp. Perm. Year to YTD

Unrestricted Restricted Restricted Date Budget Variance

Revenues

Contributions and Support

Board - Get or Give $ 1,000 $ - $ - $ 1,000 $ 7,000 $ (6,000)
Individuals 5,971 - - 5,971 11,700 (5,729)
Corporations 5,315 - - 5,315 4,125 1,190
Foundations - 12,340 - 12,340 1,375 10,965
Total Contributions and Support 12,286 12,340 - 24,626 24,200 426

Government
State 18,276 - - 18,276 33,310 (15,034)
Federal 86,842 - - 86,842 140,600 (53,758)
Total Government 105,118 - - 105,118 173,910 (68,792)

Earned Revenue
Facility Rental 18,352 - - 18,352 35,194 (16,842)
Retail 12,720 - - 12,720 12,900 (180)
Membership 11,574 - - 11,574 12,000 (426)
Cafe` 2,071 - - 2,071 2,400 (329)
Total Earned Revenue 44,717 - - 44,717 62,494 (17,777)

Admissions
General 36,465 - - 36,465 32,300 4,165
Schools 13,691 - - 13,691 25,215 (11,524)
Programs and Workshops 9,941 - - 9,941 - 9,941
Group Sales 1,944 - - 1,944 6,630 (4,686)
Total Admissions 62,041 - - 62,041 64,145 (2,104)

Return on Investments
Dividends and Interest 104,553 2 - 104,555 104,000 555
Realized Investment Activity (4,792,904) - - (4,792,904) - (4,792,904)
Unrealized Investment Activity 4,927,190 - - 4,927,190 - 4,927,190
Total Return on Investments 238,839 2 - 238,841 104,000 134,841

Change in value of Interest Rate Swap 31,475 - - 31,475 - 31,475

In-kind Contributions 1,623 - - 1,623 - 1,623

Miscellaneous Income 800 - - 800 389 411

Special Events
MLK 9,220 - - 9,220 - 9,220
Total Special Events 9,220 - - 9,220 - 9,220

506,119 12,342 - 518,461 429,138 89,323

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attachment from tonys email exchange Freedom Center keyword 2009 February Financial Statements - Bank Group.xls
Printed on 1/14/2011 Statement of Activities
At 8:36 AM Page 1 of 2
Expenses
Personnel Costs
Personnel 494,963 - - 494,963 356,870 (138,093)
Benefits 82,925 - - 82,925 58,848 (24,077)
Total Personnel Costs 577,888 - - 577,888 415,718 (162,170)
Operating Costs
Professional Fees 130,128 - - 130,128 112,758 (17,370)
Staff Travel, Lodging, Meals 10,298 - - 10,298 13,745 3,447
FC Conferences & Meetings 8,701 - - 8,701 3,960 (4,741)
Special Events 14,304 - - 14,304 1,000 (13,304)
Office Expense 7,482 - - 7,482 6,308 (1,174)
Training Expenses 10,253 - - 10,253 11,075 822
Memberships & Dues 2,496 - - 2,496 995 (1,501)
Equipment & Maintenance 40,128 - - 40,128 54,832 14,704
Postage & Shipping 1,082 - - 1,082 13,602 12,520
Printing & Publishing 4,789 - - 4,789 15,240 10,451
Occupancy 131,334 - - 131,334 125,400 (5,934)
Building Supplies & Maintenance 77,102 - - 77,102 70,255 (6,847)
Telephone 18,462 - - 18,462 9,315 (9,147)
Advertising Expenses 44,264 - - 44,264 42,410 (1,854)
Insurance Expenses 26,917 - - 26,917 29,165 2,248
Financial Transactions 8,772 - - 8,772 4,330 (4,442)
Exhibits Expense 2,575 - - 2,575 2,200 (375)
Traveling Exhibits Expense 102,615 - - 102,615 110,793 8,178
Website Expenses 9,118 - - 9,118 13,830 4,712
Library - - - - 500 500
Miscellaneous Expense 6,404 - - 6,404 27,530 21,126
Depreciation & Amortization 728,618 - - 728,618 723,156 (5,462)
Interest Expense 212,081 - - 212,081 272,000 59,919
Gifts-in-Kind Expensed Current Year 1,623 - - 1,623 - (1,623)
Interdepartmental Expenses - - - - - -
Total Operating Costs 1,599,546 - - 1,599,546 1,664,399 64,853
2,177,434 - - 2,177,434 2,080,117 (97,317)
Net Assets Released to Operations/Programs
Schooled on Freedom (25,020) - - (25,020) (9,840) 15,180
Distance Learning (39,586) - - (39,586) (29,870) 9,716
UBS Scholars (10,598) - - (10,598) (31,700) (21,102)
Internship Programs (17,338) - - (17,338) (15,100) 2,238
Community Engagement (4,951) - - (4,951) - 4,951
Museum Operations (3,000) - - (3,000) (18,200) (15,200)
Released From Restrictions - 100,493 - 100,493 104,710 4,217
Total Net Assets Released From Restrictions (100,493) 100,493 - - - -

NET SURPLUS/(DEFICIT) $ (1,570,822) $ (88,151) $ - $ (1,658,973) $ (1,650,979) $ 186,640

X:\tonyc\NURFC records request\

attachment from tonys email exchange Freedom Center keyword 2009 February Financial Statements - Bank Group.xls
Printed on 1/14/2011 Statement of Activities
At 8:36 AM Page 2 of 2