Financial Report for the First Quarter of Fiscal Year 2017–18

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This report describes the financial activity of Wikimedia District of Columbia from October 1, 2017 through December 31, 2017.

Income Statement

The following statement reflects Wikimedia District of Columbia's income and expenses during the fiscal quarter starting October 1, 2017 and ending December 31, 2017, as well as fiscal year-to-date through December 31, 2017. For each income and expense category specified in the Annual Budget for Fiscal Year 2017–18, the statement indicates the percentage of the budgeted income or expense amount which was actually incurred during the fiscal quarter or fiscal year-to-date.

Revenue
Fiscal Quarter Revenue and Percentage of Annual Budget Fiscal Year-to-Date Revenue and Percentage of Annual Budget
Restricted revenue
Wikimedia Foundation grants $0.00 0.0% $0.00 0.0%
Other grants $0.00 $0.00
Other restricted contributions $0.00 $0.00
Total restricted revenue $0.00 0.0% $0.00 0.0%
Unrestricted revenue
Individual donations $75,000.00 500.0% $75,000.00 500.0% Significant individual donations in excess of $1,000 per donor per year.
Member dues and donations $993.00 49.7% $993.00 49.7% Membership dues and associated donations not exceeding $1,000 per member per year.
Corporate donations $0.00 0.0% $0.00 0.0%
Affiliate programs $18.96 $18.96 AmazonSmile; not included in budget.
Total unrestricted revenue $76,011.96 434.4% $76,011.96 434.4%
Total revenue $76,011.96 30.7% $76,011.96 30.7%  
Expenses
Fiscal Quarter Expenses and Percentage of Annual Budget Fiscal Year-to-Date Expenses and Percentage of Annual Budget
Program costs
Institutional partnership
Staff $15,673.84 26.9% $15,673.84 26.9% Wages and fringe costs for one full-time staff position, the Institutional Partnerships Manager.
Events $1,299.33 19.2% $1,299.33 19.2% Food, beverage, and incidental costs for 7 events.
Total institutional partnership costs $16,973.17 26.1% $16,973.17 26.1%
Content development
Fellowships $0.00 0.0% $0.00 0.0%
Photography contests $0.00 0.0% $0.00 0.0%
Total content development costs $0.00 0.0% $0.00 0.0%
Training and support
Boot Camp $0.00 0.0% $0.00 0.0%
Total training and support costs $0.00 0.0% $0.00 0.0%
Grantmaking and sponsorship
Fiscal sponsorships $14,353.62 11.5% $14,353.62 11.5% Disbursements of grant funds administered under the Art+Feminism SAPG 2016-17 and WikiConference North America 2016 fiscal sponsorship agreements.
Guided sponsorships $0.00 0.0% $0.00 0.0%
Total grantmaking and sponsorship costs $14,353.62 9.6% $14,353.62 9.6%
Total program costs $31,326.79 13.3% $31,326.79 13.3%  
Administrative costs
Finance
Accounting software $150.00 25% $150.00 25% QuickBooks Online subscription.
Payroll service $165.00 30.6% $165.00 30.6% Gusto payroll service.
Transaction fees $22.52 5.6% $22.52 5.6% PayPal fees.
Total finance costs $337.52 21.9% $337.52 21.9%
Insurance $0.00 0.0% $0.00 0.0%
Legal
Filing fees $0.00 0.0% $0.00 0.0%
Total legal costs $0.00 0.0% $0.00 0.0%
Mailing
Mail service $180.00 25.0% $180.00 25.0% Mail delivery service at Cove.
Postage $102.45 41.8% $102.45 41.8% Mailing costs for Wikipedia Space banners.
PO box $0.00 0.0% $0.00 0.0%
Total mailing costs $282.45 25.1% $282.45 25.1%
Meetings
Annual meeting $610.00 110.9% $610.00 110.9%
Board meetings $0.00 0.0% $0.00 0.0%
Other meetings $0.00 0.0% $0.00 0.0%
Total meeting costs $610.00 53.0% $610.00 53.0%
Printing and publishing
Marketing materials $98.98 24.7% $98.98 24.7%
Business cards $35.43 10.1% $35.43 10.1%
Total printing and publishing costs $134.41 17.9% $134.41 17.9%
Technology $175.54 14.0% $175.54 14.0%
Travel
Long-distance travel $1,817.58 $1,817.58 Board member travel to Wikimedia Diversity Conference; not included in budget
Total travel costs $1,817.58 $1,817.58
Volunteer development $0.00 0.0% $0.00 0.0%
Total administrative costs $3,357.50 22.5% $3,357.50 22.5%  
Total expenses $34,684.29 13.8% $34,684.29 13.8%  
Net surplus
Fiscal Quarter Net Surplus Fiscal Year-to-Date Net Surplus
Net operating surplus $41,327.67 $41,327.67  
Other income and expenses
Depreciation ($385.31) ($385.31)
Total other income and expenses ($385.31) ($385.31)
Net surplus $40,942.36 $40,942.36  

Balance Sheet

The following statement reflects Wikimedia District of Columbia's assets and liabilities as of the end of the fiscal quarter on December 31, 2017.

Assets
Current assets
Unrestricted cash $90,032.20
Restricted cash $35,185.25 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 ($1,923.94)
Net fixed assets $0.00  
Total assets $125,217.45  
Liabilities and net assets
Net assets
Net accumulated surplus $125,217.45  
Total liabilities and net assets $125,217.45