[Adrian Wong]

FIRST STATEMENT OF ACTIVITIES (Audited)
FY1999-2000

Revenues and other support:

Registration Fees - Programs:
3,153,306

Rental Income:
383,779

Contributions - Robotics Competition:
1,614,495

Contributions - FIRST Lego League:
340,009

Contributions - FIRST Place:
16,200

Grant Revenues - Operating Purposes:
459,358

Contributions from individuals for Operation:
407,534

Other Income:
234,974

Net assets released from restrictions:
91,869

Total revenues and other support:
6,701,524

Operating Expenses:

Robotics Competition:
4,646,568

FIRST Place Museum:
203,491

FIRST Lego League:
419,772

Management and General:
921,800

Operation of building:
218,311

Depreciation:
257,369

Total operating expenses:
6,667,311

Operating Gain or (Loss):
34,213

Excess (deficiency) of revenues over expenses and increase (decrease) in unrestricted net assets:
34,213

Temporarily restricted net assets:

Grant revenues:
172,371

Net assets released from restrictions:
(91,869)

Increase in temporarily restricted net assets:
80,502

Increase (decrease) in net assets:
114,715

Net assets (deficit) at beginning of year:
1,876,727

Net assets at end of year:
$1,991,442

Source: Ernst & Young Audited Financials for FIRST FY99-00.