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STUDEBAKER NATIONAL MUSEUM, 1NC.
<br />' Statements of Activities and Changes in Net Assets
<br /> For the Year Ended December 31,2016 with Comparative Totals for 2015
<br /> ' 2016
<br /> 2016 Temporarily 2016 2015
<br /> Unrestricted Restricted Total Total
<br /> ' Revenue and Other Support $ 250,857 $ 250,857 $ 245,938
<br /> Management fees
<br /> Admissions 150,893 150,893 145,855
<br /> Memberships 29,978 29,978 26,588
<br /> 109,174 $ 23,114 132,288 333,430
<br /> 2,894 2,894 15,820
<br /> Contributions in-kind 178455 178,455 188,522
<br /> ' Gift shop revenue '24,389 24,389 28,715
<br /> Rental income
<br /> 216,408 68,350 284,758 301,451
<br /> Special events,net of direct donor benefits
<br /> Investment income 2,573 16,694 19,267 20,187
<br /> ' 106,766 106,766 114,860
<br /> Other income
<br /> Net assets released from restrictions 122,388 122 388
<br /> Total Revenue and Other Support 1,194,775 (14,230) 1,180,545 1,421,366
<br /> 1 Program Services Expenses 26,153 26,153 20,958
<br /> Advertising
<br /> 10,404 10,404 244,020
<br /> Exhibits and restoration 2,958 2,958 5,385
<br /> ' Museum development 89,105 89,105 101,747
<br /> Special events
<br /> ' Support Services Expenses 856,808 856,808 924,987
<br /> Management and general 2,894 2,894 15,820
<br /> Contributions in-kind 65,998 65,998 67,399
<br /> Depreciation 112,830 112,830 112,200
<br /> ' Cost of gift shop sales
<br /> 1,167.150 1,167,150 492.516
<br /> Total Expenses
<br /> ' Change in net assets 27,625 (14,230) 13,395 (71,150)
<br /> ' Net Assets-Beginning 1,863,220 181,864 2,045,084 2,116,234
<br /> ' $ 1.890,845 $__167 634 $ 2,058.479 $2,045,084
<br /> Net Assets-Ending
<br /> ' (See auditors' report and notes to financial statements.)
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