2008 2007

UnrestrictedTemporarily Restricted

Permanently Restricted Total Total

SUPPORT AND REVENUE Grants $896,337 $639,360 - $1,535,697 $1,971,276

Contributions 601,545 252,691 - 854,236 336,354

Sponsorships 87,500 - - 87,500 65,500

Contributed services and equipment 371,303 - - 371,303 381,067

Capital campaign revenue 499,066 897,224 - 1,396,290 15,338

Special events 284,245 - $500 284,745 86,020

Total Support 2,739,996 1,789,275 500 4,529,771 2,855,555

Program revenue 144,504 - - 144,504 146,590

Admissions 899,168 - - 899,168 784,563

Retail sales 338,255 - - 338,255 320,895

Memberships 109,006 - - 109,006 89,224

Other income 177,457 - 2,386 179,843 183,944

Café 445,140 - - 445,140 364,570

Parking 128,119 - - 128,119 110,732

Investment income 34,461 - 206,981 241,442 227,650

Exhibit rental income 66,636 37,489 - 104,125 69,500

"Stuffee" product sales 6,409 - - 6,409 5,899

Total Revenue 2,349,155 37,489 209,367 2,596,011 2,303,567

Net realized and unrealized gain (loss) on investments (33,716) - (825,878) (859,594) 725,420

Loss on disposal of property, equipment and exhibits (6,252) - - (6,252) -

Net assets released from restrictions/transferred:

For operations 392,414 (392,414) - - -

For expansion project 51,643 (51,643) - - -

Endowment draw 342,000 - (342,000) - -

Total 746,089 (444,057) (1,167,878) (865,846) 725,420

Total Support and Revenue 5,835,240 1,382,707 (958,011) 6,259,936 5,884,542

EXPENSES Program services:

Direct:

Exhibits 1,692,441 - - 1,692,441 1,487,774

Education 1,234,158 - - 1,234,158 1,061,166

Indirect:

Visitor services 1,453,951 - - 1,453,951 1,299,152

Expansion project 2,369 - - 2,369 21,322

Making community places 105,816 105,816 -

Special projects 712,664 - - 712,664 815,922

Total Program Services 5,201,399 - - 5,201,399 4,685,336

Support Services:

Administration 764,473 - - 764,473 590,271

Marketing 410,879 - - 410,879 416,729

Development 247,026 - - 247,026 231,776

Total Support Services 1,422,378 - - 1,422,378 1,238,776

Cost of direct benefits to donors 147,831 - - 147,831 30,732

Total Expenses 6,771,608 - - 6,771,608 5,954,844

Support and Revenue in (Deficit)/Excess of Expenses (936,368) 1,382,707 (958,011) (511,672) (70,302)

NET ASSETS Beginning of year 18,577,201 1,226,870 6,822,306 26,626,377 26,696,679

End of Year $17,640,833 $2,609,577 $5,864,295 $26,114,705 $26,626,377

CHILDREN’S MUSEUM OF PITTSBURGHSTATEMENTS OF ACTIVITIES AND CHANGES IN NET ASSETS FOR THE YEAR ENDED JUNE 30, 2008 WITH COMPARATIVE TOTALS FOR 2007

CHILDREN’S MUSEUM OF PITTSBURGHSTATEMENTS OF FINANCIAL POSITION

June 30

2008 2007

ASSETSCurrent Assets Cash and cash equivalents:

Unrestricted $549,617 $108,241

Unrestricted - designated 27,480 100,000

Restricted 1,156,846 843,999

Receivables:

Pledges receivable 1,187,876 713,676

Accounts receivable 38,788 50,375

Inventory 38,287 32,365

Prepaid and other expenses 167,221 171,731

Total Current Assets 3,166,115 2,020,387

Pledges Receivable 532,087 88,997

Board Designated Cash and cash equivalents - unrestricted 136,786 407,579

Investments - unrestricted 238,923 -

Endowment Assets Cash and cash equivalents 898,472 270,938

Investments 4,966,323 6,551,618

Property, Equipment and Exhibits, net 16,881,667 17,667,856

Other Assets 42,125 54,000

Total Assets $26,862,498 $27,061,375

LIABILITIES AND NET ASSETSCurrent Liabilities Accounts payable $244,611 $179,111

Accrued expenses:

Other 403,939 179,014

Deferred revenue 99,243 76,873

Total Current Liabilities $747,793 $434,998

Net Assets Unrestricted 17,237,644 18,069,622

Unrestricted - board designated 403,189 507,579

Temporarily restricted 2,609,577 1,226,870

Permanently restricted 5,864,295 6,822,306

Total Net Assets 26,114,705 26,626,377

Total Liabilities and Net Assets $26,862,498 $27,061,375