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