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

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This report describes the financial activity of Wikimedia District of Columbia from April 1, 2018 through June 30, 2018.

Income Statement

The following statement reflects Wikimedia District of Columbia's income and expenses during the fiscal quarter starting April 1, 2018 and ending June 30, 2018, as well as fiscal year-to-date through June 30, 2018. 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 $25,592.65 32.0% $25,592.65 32.0% New grant funding for WikiConference North America 2018, less refunds of unspent grant funds from the 2016–17 SAPG, 2017 Strategy Salon, and 2017 USF SOLIS grants; includes grant funds subject to fiscal sponsorship agreements.
Other grants $0.00 $0.00
Other restricted contributions $0.00 $376.77
Total restricted revenue $25,592.65 11.1% $25,969.42 11.3%
Unrestricted revenue
Individual donations $0.00 0.0% $75,000.00 500.0% Significant individual donations in excess of $1,000 per donor per year.
Member dues and donations $285.00 14.3% $1,603.00 80.2% Membership dues and associated donations not exceeding $1,000 per member per year.
Corporate donations $0.00 0.0% $200.00 40.0%
Affiliate programs $23.62 $551.14 AmazonSmile and Nonprofits on Facebook.
Total unrestricted revenue $308.62 1.8% $77,354.14 442.0%
Total revenue $25,901.27 10.5% $103,323.56 41.8%  
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% $44,782.40 76.9% Wages and fringe costs for one full-time staff position, the Institutional Partnerships Manager.
Events $666.66 9.9% $4,718.64 69.9% Food, beverage, and incidental costs for 3 events.
Total institutional partnership costs $16,340.50 25.2% $49,501.04 76.2%
Content development
Fellowships $0.00 0.0% $0.00 0.0%
Photography contests $0.00 100.0% $1,000.00 100.0%
Total content development costs $0.00 0.0% $1,000.00 16.7%
Training and support
Boot Camp $6,771.52 45.1% $6,771.52 45.1%
Total training and support costs $6,771.52 45.1% $6,771.52 45.1%
Grantmaking and sponsorship
Fiscal sponsorships $89.40 0.1% $17,129.86 13.7% Disbursements of grant funds administered under the WikiConference North America fiscal sponsorship agreements.
Guided sponsorships $0.00 0.0% $0.00 0.0%
Total grantmaking and sponsorship costs $89.40 0.1% $17,129.86 11.4%
Total program costs $23,201.42 9.8% $74,402.42 31.5%  
Administrative costs
Finance
Accounting software $150.00 25% $450.00 75% QuickBooks Online subscription.
Payroll service $135.00 25.0% $441.00 81.7% Gusto payroll service.
Transaction fees $24.27 6.1% $59.04 14.8% PayPal fees.
Total finance costs $309.27 20.1% $950.04 61.7%
Insurance ($219.51) ($219.51) Refund of insurance premium overpayment.
Legal
Filing fees $179.00 27.5% $196.45 30.2%
Total legal costs $179.00 27.5% $196.45 30.2%
Mailing
Mail service $180.00 25.0% $540.00 75.0% Mail delivery service at Cove.
Postage $0.00 0.0% $102.45 41.8%
PO box $136.00 85.0% $136.00 85.0%
Total mailing costs $316.00 28.1% $778.45 69.2%
Meetings
Annual meeting $0.00 0.0% $610.00 110.9%
Board meetings ($50.00) $150.00 33.3% Refund of conference room rental overpayment.
Other meetings $0.00 0.0% $0.00 0.0%
Total meeting costs ($50.00) $760.00 66.1%
Printing and publishing
Marketing materials $0.00 0.0% $98.98 24.7%
Business cards $50.01 14.3% $85.44 24.4%
Total printing and publishing costs $50.01 6.7% $184.42 24.6%
Technology $141.60 11.3% $689.24 55.1%
Travel
Long-distance travel $95.43 $1,913.01
Total travel costs $95.43 $1,913.01
Volunteer development $0.00 0.0% $0.00 0.0%
Total administrative costs $821.80 5.5% $5,252.10 35.1%  
Total expenses $24,023.22 9.6% $79,654.52 31.7%  
Net surplus
Fiscal Quarter Net Surplus Fiscal Year-to-Date Net Surplus
Net operating surplus $1,878.05 $23,669.04  
Other income and expenses
Depreciation $0.00 ($385.31)
Total other income and expenses $0.00 ($385.31)
Net surplus $1,878.05 $23,283.73  

Balance Sheet

The following statement reflects Wikimedia District of Columbia's assets and liabilities as of the end of the fiscal quarter on June 30, 2018.

Assets
Current assets
Unrestricted cash $49,180.39
Restricted cash $58,378.43 Restricted funds associated with the WikiConference North America, Women in Red, and Art+Feminism 2016–17 programs; includes grant funds subject to fiscal sponsorship agreements.
Non-current assets
Fixed assets $1,923.94
Accumulated depreciation ($1,923.94)
Net fixed assets $0.00  
Total assets $107,558.82  
Liabilities and net assets
Net assets
Net accumulated surplus $107,558.82  
Total liabilities and net assets $107,558.82