Difference between revisions of "Internal:Annual budget (2024–2025)"

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(revenues and program costs mostly lined up)
(numbers add up)
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| rowspan="3" style="width:10px;" |
  
| rowspan="3" style="width:10px;" |
 
| width="20%"|Program expenses
  
| width="20%"|Program expenses
−
| width="10%" align="right" |$195,000
 +
| width="10%" align="right" |$272,000
 
| width="2%"|
  
| width="2%"|
 
| width="65%" |{{note|A detailed list of program expenses is provided below.}}
  
| width="65%" |{{note|A detailed list of program expenses is provided below.}}
 
|-
  
|-
 
| width="20%"|Administrative expenses
  
| width="20%"|Administrative expenses
−
| width="10%" align="right" |$8,450
 +
| width="10%" align="right" |$31,200
 
| width="5%" align="right"|
  
| width="5%" align="right"|
 
| width="65%" |{{note|A detailed list of administrative expenses is provided below.}}
  
| width="65%" |{{note|A detailed list of administrative expenses is provided below.}}
 
|-
  
|-
 
| width="20%"|'''Total expenses'''
  
| width="20%"|'''Total expenses'''
−
| width="10%" align="right" |'''$203,450'''
 +
| width="10%" align="right" |'''$303,200'''
 
| width="2%"|
  
| width="2%"|
 
| width="65%" |
  
| width="65%" |
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| width="10%" align="right" |$70,000
  
| width="10%" align="right" |$70,000
 
| width="2%"|
  
| width="2%"|
−
| width="65%"|{{note|Special training event for gallery, library, archive, and museum professionals on Wikimedia. Funded by Newmark Foundation grant.}}
 +
| width="65%"|{{note|Special training event for gallery, library, archive, and museum professionals on Wikimedia. Already funded by Newmark Foundation grant.}}
 
|-
  
|-
 
| width="20%"|Strategic Planning
  
| width="20%"|Strategic Planning
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| width="65%" |
  
| width="65%" |
 
|-
  
|-
−
! colspan="5" |Administrative costs
 +
! colspan="6" |Administrative costs
 
|-
  
|-
−
| rowspan="9" style="width:10px;" | 
 +
| rowspan="3" style="width:10px;" | 
  +
| width="20%"|Accounting/controller/bookkeeping services
−
| colspan="2" |'''Finance'''
  
  ⚫
| width="10%" align="right" |$24,000
−
|
  
−
| width="65%" |
 +
| width="2%"|
  +
| width="65%"|{{note|An accounting specialist on contract and QuickBooks services}}
 
|-
  
|-
  ⚫
| width="20%"|Other administrative expenses
−
| rowspan="4" style="width:10px;" | 
  
  ⚫
| width="10%" align="right" |$7,200
−
|Accounting
  
−
| align="right" |$4,400
 +
| width="2%"|
  +
| width="65%"|{{note|Includes coworking membership at OpenGovHub for occasional meetings and editathons; rental fees for P.O. Box 9822, Washington, DC 20016; Internet hosting and domain name registrations; Zoom; bank and Paypal fees; tax filings and business registrations; Gusto payroll service; ElectionBuddy election service}}
−
| width="65%" |{{note|QuickBooks Online subscription and accountant}}
  
 
|-
  
|-
  ⚫
| width="20%"|'''Total administrative costs'''
−
|Payroll service
  
−
| align="right" |$950
 +
| width="10%" align="right" |'''$31,200'''
−
| width="65%" |{{note|Gusto payroll service}}
 +
| width="2%"|
  ⚫
| width="65%"|
−
|-
  
−
|Transaction fees
  
⚫
| align="right" |$150
  
−
| width="65%" |{{note|PayPal and bank wire fees}}
  
−
|-
  
⚫
|'''Total finance costs'''
  
−
| align="right" |'''$5,500'''
  
⚫
| width="65%" |
  
−
|-
  
−
| colspan="2" |'''Legal costs'''
  
⚫
| align="right" |'''$200'''
  
−
|{{note|Tax filings and business registrations}}
  
−
|-
  
−
| colspan="2" style="width:10px;" |'''Coworking space'''
  
−
| align="right" |'''$900'''
  
−
| width="65%" |{{note|Shared space for occasional editathons and meetings at OpenGovHub, affiliated with WMF's existing membership, starting in December 2023}}
  
−
|-
  
−
| colspan="2" |'''Post office box and postage'''
  
−
| align="right" |'''$250'''
  
−
| width="65%" |{{note|Rental fees for P.O. Box 9822, Washington, DC 20016}}
  
−
|-
  
−
| colspan="2" |'''Technology'''
  
−
| align="right" |'''$1,600'''
  
−
|{{note|Hosting and domain name registrations}}
  
−
|-
  
⚫
| colspan="3" |'''Total administrative costs'''
  
−
| align="right" |'''$8,450'''
  
−
| width="65%" |
  
 
|}
  
|}
 
</div>
  
</div>
   
 
==Notes==
  
==Notes==
−
{{note|The start-of-fiscal-year bank balances reflect recent revenues from (1) An 18-month grant received from the WMF covering regular costs through the end of calendar 2024; (2) A WMF grant for our chapter to fiscally sponsor WikiConference North America 2024, for which most expenses occurred in fall 2024; (3) A Newmark Foundation grant to support partnerships with cultural and journalistic institutions.}}
 +
* ''The start-of-fiscal-year bank balances reflect recent revenues from (1) An 18-month grant received from the WMF covering regular costs through the end of calendar 2024; (2) A WMF grant for our chapter to fiscally sponsor WikiConference North America 2024, for which most expenses occurred in fall 2024; (3) A Newmark Foundation grant to support partnerships with cultural and journalistic institutions.''
   
−
{{note|The annual grant is documented [[meta:Grants:Programs/Wikimedia_Community_Fund/Wikimedia_DC:Sustaining_and_Growing_Chapter_Programs_and_Partnerships_in_2023-24|here]], and the Movement Strategy Implementation grant [[meta:Grants:Project/MSIG/Researching_a_North_American_Hub|here]] and [[meta:North_American_Hub_Research_Project|here]]. The ARTT Guide project is described [https://www.artt.cs.washington.edu/about here]. It is funded largely by a National Science Foundation grant.}}
 +
* ''The annual grant from WMF covering calendar 2024 is documented [[meta:Grants:Programs/Wikimedia_Community_Fund/Wikimedia_DC:Sustaining_and_Growing_Chapter_Programs_and_Partnerships_in_2023-24|here]] and the grant submission now under review for calendar 2025 is documented [[meta:Grants:Programs/Wikimedia_Community_Fund/General_Support_Fund/Wikimedia_DC_Annual_Grant_2025|here]].
   
−
{{note|'''Restricted''' funds are tied to a grant that restricts our expenditures. '''Unrestricted''' funds come from donations, memberships, and performance-based contracts.}}
 +
* ''"Restricted" funds are those coming from a grant that restricts the expenditures of the chapter. "Unrestricted" funds come from donations, memberships, and performance-based contracts.''
   
−
{{note|Wikimedia DC's Board of Directors approved the above draft budget at its meeting on 2 December 2024. The budget will be considered for approval by the membership as part of the Board election in December 2024.}}
 +
* ''Wikimedia DC's Board of Directors approved the above draft budget at its meeting on 2 December 2024. The budget will be considered for approval by the membership as part of the Board election in December 2024.''
   
 
[[Category:Annual budgets]]
  
[[Category:Annual budgets]]

Revision as of 02:29, 6 December 2024

This budget lists Wikimedia DC's planned revenues and expenses for its fiscal year, which began on October 1, 2024 and will end on September 30, 2025. Figures are estimates.

Summary

Cash flow
Cash at start of fiscal year $260,156 Bank balance at end of Sept 30, 2024. Does not include small amounts in Paypal, receivables, or payables. Past revenue came from grants, contracts, memberships, and donations. This figure includes unspent funds from prior-year grants and grant funds administered under fiscal sponsorship agreements, notably the one financing WikiConference North America.
Cash at end of fiscal year, projected $xxx Estimated on the assumption that revenues and expenses are as budgeted below.
Revenue
Unrestricted revenue $10,500 A list of unrestricted revenue sources is provided below.
Restricted revenue $116,540 A list of restricted revenue sources is provided below.
Total revenue $127,040
Expenses
Program expenses $272,000 A detailed list of program expenses is provided below.
Administrative expenses $31,200 A detailed list of administrative expenses is provided below.
Total expenses $303,200

Revenue

Restricted revenue
Grants $116,540 Anticipated annual chapter grant from WMF
Unrestricted revenue
Member dues and donations $1,000
Contracts $6,500 Smithsonian American Woman's History Museum
Total unrestricted revenue $7,500
Total revenue $124,040  

Expenses

Program costs
  Local and institutional partnerships $80,000 Salary and fringe costs for one full-time staff position, Wikimedia DC's Programs and Partnerships Manager
Wikimedia partnerships $5,000 Costs for staff travel and for North American WikiConference and Hub partnership activities
WikiConference North America 2024 $90,000 Annual conference held in October 2024 in Indianapolis funded by WMF conference grant
Wiki Science Competition $2,000 Biennial prizes for new scientific photographs uploaded to Wikimedia Commons
GLAM Camp $70,000 Special training event for gallery, library, archive, and museum professionals on Wikimedia. Already funded by Newmark Foundation grant.
Strategic Planning $25,000 For consultant to help frame and align chapter practices with opportunities and stakeholder interests
Total program costs $272,000
Administrative costs
  Accounting/controller/bookkeeping services $24,000 An accounting specialist on contract and QuickBooks services
Other administrative expenses $7,200 Includes coworking membership at OpenGovHub for occasional meetings and editathons; rental fees for P.O. Box 9822, Washington, DC 20016; Internet hosting and domain name registrations; Zoom; bank and Paypal fees; tax filings and business registrations; Gusto payroll service; ElectionBuddy election service
Total administrative costs $31,200

Notes

  • The start-of-fiscal-year bank balances reflect recent revenues from (1) An 18-month grant received from the WMF covering regular costs through the end of calendar 2024; (2) A WMF grant for our chapter to fiscally sponsor WikiConference North America 2024, for which most expenses occurred in fall 2024; (3) A Newmark Foundation grant to support partnerships with cultural and journalistic institutions.
  • The annual grant from WMF covering calendar 2024 is documented here and the grant submission now under review for calendar 2025 is documented here.
  • "Restricted" funds are those coming from a grant that restricts the expenditures of the chapter. "Unrestricted" funds come from donations, memberships, and performance-based contracts.
  • Wikimedia DC's Board of Directors approved the above draft budget at its meeting on 2 December 2024. The budget will be considered for approval by the membership as part of the Board election in December 2024.
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