National Underground Railroad Freedom Center

Consolidated Summary Balance Sheets

December 31, 2006 and September 30, 2007

Audited Unaudited
Current Current
12/31/2006 9/30/2007 Change
ASSETS

Cash & Investments $ 28,453,429 $ 29,617,205 $ 1,163,776

Restricted Cash 20,000 20,000 -
Accounts Receivable 198,397 48,916 (149,481)
Unconditional Promises to Give 10,860,735 9,490,393 (1,370,342)
Reserve for Uncollectible Promises to Give (420,000) (425,000) (5,000)
Time Discounts - Unconditional Promises to Give (380,000) (275,000) 105,000
Government Grant Receivable 2,110,000 2,120,000 10,000
Prepaids and Other Assets 143,885 247,759 103,874
Bond Issue Costs 514,140 490,770 (23,370)
Inventory 161,131 164,349 3,218
Exhibits 17,749,766 17,749,766 (0)
Furniture and Equipment 2,327,024 2,371,660 44,636
Museum Facility - Donated 15,682,746 15,682,746 (0)
Museum Facility - Purchased 62,850,673 62,887,466 36,793
Other Fixed Assets 468,308 468,308 (0)
Accumulated Depreciation (11,896,392) (11,896,391) 1

TOTAL ASSETS $ 128,843,842 $ 128,762,947 $ (80,895)

LIABILITIES

Bonds Payable $ 50,000,000 $ 49,000,000 $ (1,000,000)

Line of Credit Payable - - -
Interest Payable 297,956 277,029 (20,927)
Accounts Payable 574,286 196,304 (377,982)
Other Accrued Liabilities 242,827 296,853 54,026
Deferred Revenue 56,147 559,441 503,294

TOTAL LIABILITIES 51,171,216 50,329,626 (841,590)

NET ASSETS

Unrestricted 76,404,351 76,763,951 359,600

Temporarily Restricted 1,248,275 1,649,369 401,094
Permanently Restricted 20,000 20,000 -

TOTAL NET ASSETS 77,672,626 78,433,320 760,694

TOTAL LIABILITIES AND NET ASSETS $ 128,843,842 $ 128,762,946 $ (80,896)

attachment tony email exchange NURFC keyword 2007 September 30 Balance Sheet.xls 1/12/20111:12 PM