Difference between revisions of "Annual budget (2023–2024)"

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m (Econterms moved page Internal:Annual budget (2023–2024) to Annual budget (2023–2024): edit with visual editor temporarily)
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| width="65%" |{{note|Wages and fringe costs for one full-time staff position, Wikimedia DC's Programs and Partnerships Manager}}
 
| width="65%" |{{note|Wages and fringe costs for one full-time staff position, Wikimedia DC's Programs and Partnerships Manager}}
 
|-
 
|-
| colspan="2" |'''Sponsored programs'''
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| colspan="2" |'''Programs'''
 
| align="right" |
 
| align="right" |
 
| width="65%" |
 
| width="65%" |
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| width="65%" |{{note|Costs for staff travel and for North American WikiConference/Hub partnership activities}}
 
| width="65%" |{{note|Costs for staff travel and for North American WikiConference/Hub partnership activities}}
 
|-
 
|-
| colspan="2"|Wiki Science Competition
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| colspan="2" |Wiki Science Competition
| align="right"|$2,000
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| align="right" |$2,000
 
| width="65%" |{{note|Prizes}}
 
| width="65%" |{{note|Prizes}}
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|-
  +
|
  +
|
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|Strategic Planning
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|$15,000
  +
|
 
|-
 
|-
 
| colspan="3" |'''Total program costs'''
 
| colspan="3" |'''Total program costs'''
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|-
 
|-
 
| rowspan="4" style="width:10px;" | 
 
| rowspan="4" style="width:10px;" | 
|Accounting software
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|Accounting
| align="right" |$890
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| align="right" |$4,400
| width="65%" |{{note|QuickBooks Online subscription}}
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| width="65%" |{{note|QuickBooks Online subscription and accountant}}
 
|-
 
|-
 
|Payroll service
 
|Payroll service
 
| align="right" |$950
 
| align="right" |$950
| width="65%" |{{note|Gusto payroll service}} <!-- their price just went up last 2023 -->
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| width="65%" |{{note|Gusto payroll service}}
 
|-
 
|-
 
|Transaction fees
 
|Transaction fees
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</div>
 
</div>
   
== Notes ==
+
==Notes==
 
{{note|The start-of-fiscal-year bank balances reflect large recent revenues from (1) A large grant received from the WMF covering regular costs for this fiscal year and 3 months before and 3 months afterward; (2) A $25,000 grant received from the WMF for Movement Strategy Implementation for research on how North American WMF affiliates might work together; and (3) an ongoing contract with Hacks/Hackers to work on the ARTT Guide research project.<br/>
 
{{note|The start-of-fiscal-year bank balances reflect large recent revenues from (1) A large grant received from the WMF covering regular costs for this fiscal year and 3 months before and 3 months afterward; (2) A $25,000 grant received from the WMF for Movement Strategy Implementation for research on how North American WMF affiliates might work together; and (3) an ongoing contract with Hacks/Hackers to work on the ARTT Guide research project.<br/>
 
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 [[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 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 [[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.

Revision as of 01:00, 29 November 2023

This budget lists Wikimedia DC's planned revenues and expenses for the 2023–24 fiscal year, which began on October 1, 2023 and will end on September 30, 2024. Figures are estimates.

Summary

Cash flow
Cash at start of fiscal year
  Unrestricted cash $25,701 Revenue from recent contracts, memberships, and donations
Restricted cash $82,342 Includes unspent funds from prior-year grants and grant funds administered under fiscal sponsorship agreements.
Total cash at start of fiscal year $108,043 Bank balance, not including small amounts in Paypal, receivables, or payables.
Cash at end of fiscal year
Unrestricted cash $?
Restricted cash $?
Total cash at end of fiscal year $23,103
Revenue
Restricted revenue $0 A detailed list of restricted revenues is provided below.
Unrestricted revenue $2,500 A detailed list of unrestricted revenues is provided below.
Total revenue $2,500
Expenses
Program expenses $80,000 A detailed list of program expenses is provided below.
Administrative expenses $4,940 A detailed list of administrative expenses is provided below.
Total expenses $84,940

Revenue

Restricted revenue
  Grants $0 The fiscal 2024 portion of 18-month Wikimedia Community Fund grant from the Wikimedia Foundation was received before the start of the year; see Notes.
Contracts $5,500 From Hacks/Hackers for NSF-sponsored project, the ARTT Guide grant now underway
Total restricted revenue $5,500
Unrestricted revenue
  Member dues and donations $2,500 Membership dues and associated donations not exceeding $2,500 per member per year.
Large or corporate donations $0
Total unrestricted revenue $2,500
Total revenue $8,000  

Expenses

Program costs
  Institutional partnerships
  Staff and contractors $75,000 Wages and fringe costs for one full-time staff position, Wikimedia DC's Programs and Partnerships Manager
Programs
  Wikimedia partnerships $3,000 Costs for staff travel and for North American WikiConference/Hub partnership activities
Wiki Science Competition $2,000 Prizes
Strategic Planning $15,000
Total program costs $80,000
Administrative costs
  Finance
  Accounting $4,400 QuickBooks Online subscription and accountant
Payroll service $950 Gusto payroll service
Transaction fees $150 PayPal and bank wire fees
Total finance costs $1,990
Legal costs $200 Tax filings and business registrations -- shall we budget more for new accounting/audit services?
Coworking space $900 Shared space for occasional editathons and meetings at OpenGovHub, affiliated with WMF's existing membership, starting in December 2023
Post office box and postage $250 Rental fees for P.O. Box 9822, Washington, DC 20016
Technology $1,600 Hosting and domain name registrations
Total administrative costs $4,910

Notes

The start-of-fiscal-year bank balances reflect large recent revenues from (1) A large grant received from the WMF covering regular costs for this fiscal year and 3 months before and 3 months afterward; (2) A $25,000 grant received from the WMF for Movement Strategy Implementation for research on how North American WMF affiliates might work together; and (3) an ongoing contract with Hacks/Hackers to work on the ARTT Guide research project.
The annual grant is documented here, and the Movement Strategy Implementation grant here and here. The ARTT Guide project is described here. It is funded largely by a National Science Foundation grant.
Restricted funds are tied to a grant that restricts our expenditures. Unrestricted funds are generally donations, memberships, and contracts.
It is possible that in the 2023-24 period further revenues, not shown in the plans above, would come from (a) a new Movement Strategy Implementation grant, (b) a new contract from Hacks/Hackers, or (c) a fiscal sponsorship of the annual North American WikiConference grant. If so it may be necessary to hire additional staff.