Confidential - Discussion Purposes Only

National Underground Railroad Freedom Center

Statement of Activities - PRELIMINARY
As of September 30, 2010

Temp. Perm. Year to YTD

Unrestricted Restricted Restricted Date Budget Variance
Revenues
Contributions and Support
Board Support - "Give"
Individuals $ 2,300 $ 1,270,000 $ 170,000 $ 1,442,300 $ 800,000 $ 642,300
Corporations - - - - - -
Trusts / Foundations / Charities - - 100,000 100,000 - 100,000
2,300 1,270,000 270,000 1,542,300 800,000 742,300
Board Support - "Get"
Individuals 10,000 - - 10,000 - 10,000
Corporations - 25,000 - 25,000 - 25,000
Trusts / Foundations / Charities - 400,000 - 400,000 - 400,000
10,000 425,000 - 435,000 - 435,000
Other Private Support
Individuals 41,636 9,000 30,000 80,636 87,000 (6,364)
Corporations 437,272 35,000 - 472,272 384,000 88,272
Foundations 13,050 40,500 500,000 553,550 184,000 369,550
491,958 84,500 530,000 1,106,458 655,000 451,458
Total Contributions and Support - Pre GAAP 504,258 1,779,500 800,000 3,083,758 1,455,000 1,628,758
GAAP Adjustments for Pledges - - - - - -
Total Contributions and Support 504,258 1,779,500 800,000 3,083,758 1,455,000 1,628,758
Government
Federal
Department of Education 473,359 - - 473,359 562,500 (89,141)
Institute of Museum and Library Services - - - - - -
National Endowment for the Humanities - - 266,666 266,666 - 266,666
State - Ohio
Education (admissions) 4,390 - - 4,390 4,390 -
OCFC - - - - 850,000 (850,000)
Total Government 477,749 - 266,666 744,415 1,416,890 (672,475)
Earned Revenue
Admissions
General 301,072 - - 301,072 296,900 4,172
Group Sales 61,165 - - 61,165 38,325 22,840
Schools 113,510 - - 113,510 125,800 (12,290)
Programs and Workshops 62,567 - - 62,567 32,490 30,077
538,314 - - 538,314 493,515 44,799
Facility Rental
Catering Commission 40,221 - - 40,221 65,140 (24,919)
Events & Rentals 96,663 - - 96,663 133,330 (36,667)
136,884 - - 136,884 198,470 (61,586)
Retail
Gross Sales 200,315 - - 200,315 140,700 59,615
Cost of Goods Sold (93,134) - - (93,134) - (93,134)
107,181 - - 107,181 140,700 (33,519)
Membership 22,704 - - 22,704 52,400 (29,696)
Cafe` 10,934 - - 10,934 14,000 (3,066)
Total Earned Revenue 816,017 - - 816,017 899,085 (83,068)
Special Events
MLK 18,728 - - 18,728 - 18,728
Berlin Wall 8,950 - - 8,950 - 8,950
IFCA 296,287 - - 296,287 - 296,287
Total Special Events 323,965 - - 323,965 - 323,965

Other Income
Miscellaneous 25,710 - - 25,710 11,250 14,460
Extraordinary - Debt Settlement 24,150,000 - - 24,150,000 - 24,150,000
Over/Short 227 - - 227 - 227
Total Other Income 24,175,937 - - 24,175,937 11,250 24,164,687
In-kind Contributions 5,938 - - 5,938 - 5,938

Total Operating Revenues 26,303,864 1,779,500 1,066,666 29,150,030 3,782,225 25,367,805

I:\nurfc request pdfs\Share Point\

NURFC September 2010 Preliminary Statement of Activities - OCFC.xls
Printed on 3/14/2011 Statement of Activities
At 6:43 PM Page 1 of 2
 Confidential - Discussion Purposes Only

Temp. Perm. Year to YTD

Unrestricted Restricted Restricted Date Budget Variance

Return on Investments
Dividends and Interest 7,129 511 - 7,640 53,370 (45,730)
Realized Investment Activity (17,568) - - (17,568) - (17,568)
Unrealized Investment Activity 36,445 - - 36,445 - 36,445
Total Return on Investments 26,006 511 - 26,517 53,370 (26,853)

Total Revenues 26,329,870 1,780,011 1,066,666 29,176,547 3,835,595 25,340,952

Expenses
Operating Costs
Personnel Costs
Personnel 1,700,053 - - 1,700,053 1,719,471 (19,418)
Benefits 311,704 - - 311,704 326,715 (15,011)
Total Personnel Costs 2,011,757 - - 2,011,757 2,046,186 (34,429)
Professional Fees 726,125 - - 726,125 503,875 222,250
Staff Travel, Lodging, Meals 49,441 - - 49,441 56,095 (6,654)
FC Conferences & Meetings 44,995 - - 44,995 24,265 20,730
Special Events 85,994 - - 85,994 28,050 57,944
Office Expense 35,572 - - 35,572 18,950 16,622
Training Expenses 18,898 - - 18,898 23,250 (4,352)
Memberships & Dues 30,766 - - 30,766 9,875 20,891
Equipment & Maintenance 216,726 - - 216,726 267,926 (51,200)
Postage & Shipping 13,231 - - 13,231 27,895 (14,664)
Printing & Publishing 24,075 - - 24,075 50,775 (26,700)
Occupancy 545,631 - - 545,631 499,980 45,651
Building Supplies & Maintenance 200,841 - - 200,841 191,000 9,841
Security 181,457 - - 181,457 150,475 30,982
Telephone 51,273 - - 51,273 23,850 27,423
Advertising Expenses 247,075 - - 247,075 186,300 60,775
Insurance Expenses 110,059 - - 110,059 131,245 (21,186)
Financial Transactions 23,365 - - 23,365 27,975 (4,610)
Exhibits Expense 251,591 - - 251,591 216,290 35,301
Website Expenses 28,881 - - 28,881 24,000 4,881
Library 203 - - 203 150 53
Miscellaneous Expense 13,747 - - 13,747 72,500 (58,753)
Total Operating Costs 4,911,703 - - 4,911,703 4,580,907 330,796

Non-operating Expenses
Depreciation & Amortization 2,494,182 - - 2,494,182 2,490,570 3,612
Interest Expense 753,228 - - 753,228 757,000 (3,772)
Gifts-in-Kind Expensed Current Year 5,938 - - 5,938 - 5,938
Total Non-operating Expenses 3,253,348 - - 3,253,348 3,247,570 5,778

Total Expenses 8,165,051 - - 8,165,051 7,828,477 336,574

Net Assets Released to Operations/Programs

Schooled on Freedom (180,198) - - (180,198) (117,810) (62,388)
Distance Learning - - - - - -
UBS Scholars - - - - - -
Internship Programs (30,164) - - (30,164) (30,800) 636
Community Engagement - - - - - -
Museum Operations (1,361,951) - - (1,361,951) (7,000) (1,354,951)
Released From Restrictions - 1,572,313 - 1,572,313 155,610 1,416,703
Total Net Assets Released From Restrictions (1,572,313) 1,572,313 - - - -

NET SURPLUS/(DEFICIT) 19,737,132 207,698 1,066,666 21,011,496 (3,992,882) 25,004,378

Less Extraordinary Item - Debt Settlement (24,150,000) - - (24,150,000) - (24,150,000)
Less Depreciation Expenses 2,494,182 - - 2,494,182 2,490,570 3,612

Adjusted Surplus(Deficit) $ (1,918,686) $ 207,698 $ 1,066,666 $ (644,322) $ (1,502,312) $ 857,990

I:\nurfc request pdfs\Share Point\

NURFC September 2010 Preliminary Statement of Activities - OCFC.xls
Printed on 3/14/2011 Statement of Activities
At 6:43 PM Page 2 of 2