Lays off 17 in December
In November, the National Underground Railroad Freedom Center released its 2007 federal income tax return showing that its top two executives earned salary and benefits of more than $546,842 in 2007. Less than a month later, the NURFC, facing a 28% budget shortfall, laid off 17 of its 64 full-time employees. Read the Business Courier story of the layoffs here.
According to the tax return, its CEO Donald Murphy earned $282,720 in salary and benefits in 2007, an increase of 4% over his $272,000 package in 2006. Its President, Spencer Crew, who left the employ of the NURFC in 2007, raked in $264,122. You may view the NURFC 2007 income tax return here.
COAST reported here that, according to those same tax returns, attendance revenue for all of 2007 was only $735,125. The Business Courier reports that the NURFC’s 2009 operating budget is $5.8 million.