Re: GNOME Foundation budget (Oct 2010-June 2011)

[Frederic Muller <fredm gnome org>]

Ping?

>From http://www.irs.gov/charities/article/0,,id=135008,00.html
"An exempt organization must make available for public inspection its
exemption application. An exemption application includes the Form 1023
[...].
In addition, an exempt organization must make available for public
inspection and copying its annual return. Such returns include Form 990
[...]."

Form 1023 page 10 clearly stipulates 'Cash' among other lines in the
Asset sections, so does Form 990 (in a different page).

I've been looking at the foundation website and can't find any of this
information available. I think something like this
http://www.councilofnonprofits.org/financials

would bring a lot more transparency and compliance to the GNOME Foundation.

So can someone "in the know" point me to the right place or will answer
my question?

Thank you.

Fred



On 07/29/2011 09:44 AM, Frederic Muller wrote:
> So yes, my question is how much do we have in the bank then? Without
> that figure it's hard to tell what's the real status.
> 
> Thank you.
> 
> Fred
> 
> On 07/29/2011 03:09 AM, Stormy Peters wrote:
>> Hi Fred,
>>
>> Is your question, do we have enough money in the bank? If so, the answer
>> is yes. :)
>>
>> We always keep a reserve, a nonprofit best practice. We also try to
>> spend what we bring in each year towards supporting our mission and
>> goals. So as Germán says, the "overspend" is money that was already
>> budgeted for those things from money we raised last year.
>>
>> Best,
>>
>> Stormy
>>
>> 2011/7/28 Germán Póo-Caamaño <gpoo gnome org <mailto:gpoo gnome org>>
>>
>>     On Thu, 2011-07-28 at 23:09 +0800, Frederic Muller wrote:
>>      > Hi!
>>      >
>>      > Thank you for the detailed updated report. I see a lot a red but
>>     can't
>>      > find the balance from 2010. Is the situation very worrying
>> (-$107K or
>>      > -$105K end of September) or do we have a lot of cash?
>>
>>     Hi Fred,
>>
>>     The original plan (Proposed budget) includes some expenditures we did
>>     not do last year and that were moved to this fiscal year.  For
>> instance,
>>     $50,000 on Mobile, ~$30,000 on Women's Outreach Program, ~$10,000 on
>>     Marketing, ~$5,000 on a11y.  So, that explains the plan for the
>> current
>>     year to be "negative" (that you can see on the sheets 'Budget' and
>> 'Real
>>     +Proj').  You can compare it against the final budget for the last
>> year
>>    
>> http://foundation.gnome.org/finance/gnome-foundation-budget-2010-final.ods
>>
>>
>>     On the other hand, there are some red figures in the 'Waterfall'
>> sheet.
>>     In the case of 'Expenses' a red number means we have spent more
>> planed
>>     until June. In the case of 'Income', a red number means we have
>> received
>>     less than expected until June.
>>
>>     The 'Real+Proj' sheet shows what we have spent and what we expect for
>>     the following months per item.  That said, we need to work on
>> Friends of
>>     GNOME.
>>
>>     --
>>     Germán Póo-Caamaño
>>     http://people.gnome.org/~gpoo/ <http://people.gnome.org/%7Egpoo/>
>>
>>     _______________________________________________
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>>
>>
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