Annual Financial Report for Fiscal Year 2016–17

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This report describes the financial activities of Wikimedia District of Columbia during Fiscal Year 2016–17, covering the period from October 1, 2016 through September 30, 2017.

Income Statement

Revenue
Restricted revenue
Fiscal sponsorships $103,809.86 Third-party grantee funds associated with the "WikiConference North America 2016", "Art+Feminism 2016–17", and "USF SOLIS 2017" programs and administered by Wikimedia DC under a fiscal sponsorship agreement.
Direct grants $39,565.20 Funds associated with Wikimedia DC's SAPG grant for 2016–17, as well as a separate grant for the 2017 Strategy Salon.
Total restricted revenue $143,375.06
Unrestricted revenue
Large individual donations $25,000.00 Significant individual donations in excess of $1,000 per donor per year.
Member dues and small donations $1,670.00 Membership dues and associated donations not exceeding $1,000 per member per year.
Corporate donations $250.00
Affiliate programs $27.53 AmazonSmile.
Total unrestricted revenue $26,947.53
Total revenue $170,322.59  
Expenses
Program expenses
Grantmaking and sponsorship
Fiscal sponsorships $124,607.21 Expenditures of third-party grantee funds associated with the "Art+Feminism 2016", "WikiConference North America 2016", "Art+Feminism 2016–17", and "USF SOLIS 2017" programs and administered by Wikimedia DC under a fiscal sponsorship agreement.
Total grantmaking and sponsorship $124,607.21
Institutional partnership
Staff $22,391.20 Wages and payroll taxes for one full-time employee, the Institutional Partnerships Manager.
Events $4,589.85 Food, beverage, and incidental costs.
Total institutional partnership $26,981.05
Total program expenses $151,588.26  
Administrative expenses
Technology $1,800.93 Hosting, domain name registrations, tool subscriptions, and equipment.
Meetings $1,636.00 Venue, food, beverage, award, and incidental costs for one annual membership meeting, seven board meetings, and two other meetings.
Travel $1,114.76 Local transportation and long-distance travel.
Finance $1,034.67 Accounting software, payroll service, and PayPal and bank wire fees.
Mailing $859.40 PO box, mail service, postage, and mailing supplies.
Printing and publishing $495.35 Business cards and promotional materials.
Insurance $295.00
Social and promotional events $70.95 Venue and food costs for one event.
Legal fees ($11.15) Refund of filing fee overpayments.
Total administrative expenses $7,295.91  
Total expenses $158,884.17  
Net surplus
Net operating surplus $11,438.42  
Other income and expenses
Depreciation ($384.60)
Total other income and expenses ($384.60)
Net surplus $11,053.82  

Statement of Accumulated Surplus

Beginning accumulated surplus $73,221.27  
Net surplus $11,053.82  
Total net accumulated surplus $84,275.09  

Balance Sheet

Assets
Current assets
Unrestricted cash $34,112.53
Restricted cash $49,777.25 Unspent funds from Wikimedia DC's SAPG grant for 2016–17 and the 2017 Strategy Salon grant, as well as third-party grantee funds associated with the "WikiConference North America 2016", "Art+Feminism 2016–17", and "USF SOLIS 2017" programs and administered by Wikimedia DC under a fiscal sponsorship agreement.
Non-current assets
Fixed assets $1,923.94
Accumulated depreciation ($1,538.63)
Net fixed assets $385.31  
Total assets $84,275.09  
Liabilities and net assets
Net assets
Net accumulated surplus $84,275.09  
Total liabilities and net assets $84,275.09  

Notes

About Wikimedia District of Columbia:

Wikimedia District of Columbia is the official chapter of the Wikimedia movement in the Washington, DC area. The chapter is incorporated in the District of Columbia, which is its principal place of business. The chapter serves the District of Columbia, Maryland, Virginia, Delaware, and West Virginia and conducts outreach activities to further the mission of the Wikimedia movement, including free access to the world’s information.

Internal controls:

The President and Treasurer are, and were throughout the fiscal year, the only persons authorized to incur expenses on behalf of Wikimedia District of Columbia, in accordance with the Fiscal Control Policy. Expenses were authorized by the Board of Directors or by the President in order to conduct day-to-day business.

Asset accounts:

Wikimedia District of Columbia maintains a checking account at Wells Fargo Bank. Wikimedia District of Columbia additionally maintains a PayPal account, which is used to issue and receive payments.

Program expenses:

A detailed description of programs, including direct programs and grants, is provided in the Annual Report for Fiscal Year 2016–17.