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<div class="moz-cite-prefix">Am 01.10.2023 um 14:27 schrieb
Courtney:<br>
</div>
<blockquote type="cite"
cite="mid:CAMXAyBFpQmOhXR8n55GPVEMBK=KuZtBsuEhb2MiOT+CbrH3Lhw@mail.gmail.com">
<meta http-equiv="content-type" content="text/html; charset=UTF-8">
<div dir="ltr">Don't even get me started on why do we still use an
antiquated communications channel when we have a perfectly good
new one. <br>
</div>
</blockquote>
<p>That one is easy: Steve posted both here and on the forum.</p>
<p>To nip some confusion in the bud: the OSMFs financial year -is-
actually the calendar year (it was changed to that a couple of
years back). With other words the current financial year is 2023
and the donation drive will be, for the funds received in 2023, as
income in this period.</p>
<p>Currently luckily the OSMF has some leeway in matching expenses
and income as the reserves provide a substantial buffer, but I'm
assuming that we will immediately be launching in to the 2024
drive as soon as this one is considered completed.</p>
<p>Simon<br>
</p>
<blockquote type="cite"
cite="mid:CAMXAyBFpQmOhXR8n55GPVEMBK=KuZtBsuEhb2MiOT+CbrH3Lhw@mail.gmail.com">
<div dir="ltr"><br>
Here's the spreadsheet. <a
href="https://docs.google.com/spreadsheets/d/1Dhg8K9JxHW16U5y4wxKhyvEMpnRTvyXn5ICmJ0zBrI0/edit?usp=sharing"
moz-do-not-send="true" class="moz-txt-link-freetext">https://docs.google.com/spreadsheets/d/1Dhg8K9JxHW16U5y4wxKhyvEMpnRTvyXn5ICmJ0zBrI0/edit?usp=sharing</a><br>
<br>
You can use the markdown if you don't want to look at the Google
sheet. </div>
<br>
<div class="gmail_quote">
<div dir="ltr" class="gmail_attr">On Sun, Oct 1, 2023 at 8:21 AM
Courtney <<a href="mailto:courtney.williamson@gmail.com"
moz-do-not-send="true" class="moz-txt-link-freetext">courtney.williamson@gmail.com</a>>
wrote:<br>
</div>
<blockquote class="gmail_quote" style="margin:0px 0px 0px
0.8ex;border-left:1px solid rgb(204,204,204);padding-left:1ex">
<div dir="ltr">
<div dir="ltr">
<div dir="ltr">
<div dir="ltr">Here are my tables in Markdown, which I
didn't know I needed to do. I hope this works. If it
doesn't, then someone has to help me figure out how to
do formatting in the listserv.<br>
<br>
<span style="color:rgb(255,255,255);font-family:"S\0000f6hne Mono",Monaco,"Andale Mono","Ubuntu Mono",monospace;font-size:14px;white-space:pre-wrap;background-color:rgb(0,0,0)">| Type | FY2020 | FY 2021 | FY2022 | 2023 YTD | 2023 Goal |
|----------------------|--------|---------|--------|-------------|-----------|
| Broad base | | | 66,367.91 | | 100,000 |
| membership | | | 6,769.67 | | |
| corporate membership | | | 107,590.22| | 300,000 |
| SotM | | | 17,985.69 | | |
| Other gifts | | | | | 100,000 |
| total | | | 198,713.49| | 500,000 |</span><br>
<br>
<div><br>
<br>
<br>
<span style="color:rgb(255,255,255);font-family:"S\0000f6hne Mono",Monaco,"Andale Mono","Ubuntu Mono",monospace;font-size:14px;white-space:pre-wrap;background-color:rgb(0,0,0)">| type | fy2020 actual | FY2021 actual | FY2022 actual | 2023 to date | Q4'23 expected | 2023 planned |
|-----------|---------------|---------------|---------------|--------------|----------------|--------------|
| OWG | | | 41,339.43 | | 169,197 | |
| EWG | | | | | 50,000 | |
| LG | | | 5,168.64 | | 1,000 | |
| Other WG | | | 181,018.14 | | 5,000 | |
| Personnel | | | | | 275,000 | |
| Overhead | | | 16,268.84 | | 40,500 | |
| SotM | | | 533.95 | | 0 | |
| debt | | | | | | |
| Total | | | 202,989.57 | | 371,500 | |</span><br>
</div>
<div><br>
</div>
<div><br>
</div>
<div><br>
</div>
<div><br>
</div>
<div><br>
</div>
<div><br>
</div>
<div><br>
</div>
</div>
</div>
</div>
</div>
<br>
<div class="gmail_quote">
<div dir="ltr" class="gmail_attr">On Sun, Oct 1, 2023 at
8:05 AM Courtney <<a
href="mailto:courtney.williamson@gmail.com"
target="_blank" moz-do-not-send="true"
class="moz-txt-link-freetext">courtney.williamson@gmail.com</a>>
wrote:<br>
</div>
<blockquote class="gmail_quote" style="margin:0px 0px 0px
0.8ex;border-left:1px solid
rgb(204,204,204);padding-left:1ex">
<div dir="ltr">
<div dir="ltr">
<div dir="ltr">
<div dir="ltr">
<div>Hello, everyone, <br>
<br>
As someone who works on the fundraising side of
things, I have the same question as Steve, plus
several others. <br>
<br>
To start, with regard to the fundraising, I can
answer Steve's particular question. The issue is
that in the current table the "broad base"
category of fundraising has been incorrectly
conflated with the overall fundraising goal. So
that the fundraising report should look
something like this: <br>
<br>
<span style="color:rgb(0,0,0)">
<table dir="ltr"
style="font-size:10pt;table-layout:fixed;font-family:Arial;width:0px;border-collapse:collapse;border:none"
cellspacing="0" cellpadding="0" border="1">
<colgroup><col width="100"><col width="100"><col
width="100"><col width="100"><col
width="100"><col width="126"></colgroup><tbody>
<tr style="height:21px">
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom;background-color:rgb(204,204,204)">Type</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom;background-color:rgb(204,204,204)">FY2020</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom;background-color:rgb(204,204,204)">FY 2021</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom;background-color:rgb(204,204,204)">FY2022</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom;background-color:rgb(204,204,204);font-size:11pt;text-align:right">2023
YTD</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom;background-color:rgb(204,204,204);font-size:11pt">2023
Goal</td>
</tr>
<tr style="height:21px">
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom">Broad base</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom"><br>
</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom"><br>
</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom"><br>
</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom;font-family:Palanquin;font-size:11pt;color:rgb(35,38,39);text-align:right">66,367.91</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom;font-size:11pt;text-align:right">100,000</td>
</tr>
<tr style="height:21px">
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom">membership</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom"><br>
</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom"><br>
</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom"><br>
</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom;font-family:Palanquin;font-size:11pt;color:rgb(35,38,39);text-align:right">6,769.67</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom"><br>
</td>
</tr>
<tr style="height:21px">
<td
style="border-width:1px;border-style:solid;border-color:rgb(204,204,204)
transparent rgb(204,204,204)
rgb(204,204,204);overflow:visible;padding:2px
3px;vertical-align:bottom">
<div
style="overflow:hidden;width:196px">
<div style="float:left">corporate
membership</div>
</div>
</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom"><br>
</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom"><br>
</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom"><br>
</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom;font-family:Palanquin;font-size:11pt;color:rgb(35,38,39);text-align:right">107,590.22</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom;font-size:11pt;text-align:right">300,000</td>
</tr>
<tr style="height:21px">
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom">SotM</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom"><br>
</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom"><br>
</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom"><br>
</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom;font-family:Palanquin;font-size:11pt;color:rgb(35,38,39);text-align:right">17,985.69</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom"><br>
</td>
</tr>
<tr style="height:21px">
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom">0ther gifts</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom"><br>
</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom"><br>
</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom"><br>
</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom"><br>
</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom;font-size:11pt;text-align:right">100,000</td>
</tr>
<tr style="height:21px">
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom">total</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom"><br>
</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom"><br>
</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom"><br>
</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom"><b>198,713.49</b></td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom;font-size:11pt;text-align:right">500,000</td>
</tr>
</tbody>
</table>
<br>
Importantly,<b> this is fundraising for FY
2024</b>. No fiscally responsible
organization would fundraise "as you go" for
the current year's expenses. It is confusing
that the numbers for FY24 fundraising goal
seem to have been matched to the FY23 goal for
budget. That is not how a healthy nonprofit
should be administered. If you have people on
payroll and contracts to honor, you need to be
raising money, at the very most minimum, for
the year ahead. Better, five years ahead. It
is my belief that the OSMF does do this, but
it is not reported as such. So my next
question is, why not? <br>
</span><br>
Which brings me to my many questions about
the "expected" reporting. <br>
1. What is this year's budget, based on this
year's expected expenses? The numbers in the
table do not look like a current year budget for
several reasons: <br>
a.) "Reserves" are not budgeted expenses, so why
are they reported as such? It would, indeed, be
nice to know, somewhere, what are the
foundation's reserves and how the foundation
contributes to them, but that should be a
different table. <br>
b) What is the current year operating budget in
actual GBP? Because the only way to know if we
are "in the red" or "in the black" for the year
is if we know what is the actual budget for this
year in real money, not in hypothetical money. <br>
<br>
I have other questions: 2. What is the year on
year top level comparison for the budget so that
it is possible to know some context? How is this
year compared to other years? It is always
illuminating to compare the past with the
present. 3. Why is the "overhead" number not
included in the main budget, but rather marked
there as N/A?<br>
<br>
</div>
<div>To me, in the simplest terms, the top level
budget, based on the numbers currently being
reported, should look something like this: <br>
<br>
<span style="color:rgb(0,0,0);font-size:medium">
<table dir="ltr"
style="table-layout:fixed;font-size:10pt;font-family:Arial;width:0px;border-collapse:collapse;border:none"
cellspacing="0" cellpadding="0" border="1">
<colgroup><col width="100"><col width="100"><col
width="100"><col width="100"><col
width="100"><col width="126"><col
width="148"></colgroup><tbody>
<tr style="height:21px">
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom;background-color:rgb(217,217,217)">type</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom;background-color:rgb(217,217,217)">fy2020
actual</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom;background-color:rgb(217,217,217)">FY2021
actual</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom;background-color:rgb(217,217,217)">FY2022 actual</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom;background-color:rgb(217,217,217);font-size:11pt;text-align:right">2023
to date</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom;background-color:rgb(217,217,217);font-size:11pt">Q423
expected</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom;background-color:rgb(217,217,217);font-size:11pt;text-align:right">2023
planned</td>
</tr>
<tr style="height:21px">
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom">OWG</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom"><br>
</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom"><br>
</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom"><br>
</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom;font-size:11pt;color:rgb(35,38,39);text-align:right">41,
339.43</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom"><br>
</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom;font-family:Palanquin;font-size:11pt;color:rgb(35,38,39);text-align:right">169,
197</td>
</tr>
<tr style="height:21px">
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom">EWG</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom"><br>
</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom"><br>
</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom"><br>
</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom"><br>
</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom"><br>
</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom;font-size:11pt;text-align:right">50,000</td>
</tr>
<tr style="height:21px">
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom">LG</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom"><br>
</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom"><br>
</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom"><br>
</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom;font-size:11pt;color:rgb(35,38,39);text-align:right">5,168.64</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom"><br>
</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom;font-size:11pt;text-align:right">1000</td>
</tr>
<tr style="height:21px">
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom">Other WG</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom"><br>
</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom"><br>
</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom"><br>
</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom"><br>
</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom"><br>
</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom;font-size:11pt;text-align:right">5000</td>
</tr>
<tr style="height:21px">
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom">Personnel</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom"><br>
</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom"><br>
</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom"><br>
</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom;font-size:11pt;text-align:right">181,018.14</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom"><br>
</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom;font-family:Palanquin;font-size:11pt;color:rgb(35,38,39);text-align:right">275,000</td>
</tr>
<tr style="height:21px">
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom">Overhead</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom"><br>
</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom"><br>
</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom"><br>
</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom;font-size:11pt;text-align:right">16,268.84</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom"><br>
</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom;font-size:11pt;text-align:right">40,500</td>
</tr>
<tr style="height:21px">
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom">SotM</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom"><br>
</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom"><br>
</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom"><br>
</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom;font-size:11pt;text-align:right">533.95</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom"><br>
</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom;font-size:11pt;text-align:right">0</td>
</tr>
<tr style="height:21px">
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom">debt</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom"><br>
</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom"><br>
</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom"><br>
</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom"><br>
</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom"><br>
</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom"><br>
</td>
</tr>
<tr style="height:21px">
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom">Total</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom"><br>
</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom"><br>
</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom"><br>
</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom">202,989.57</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom"><br>
</td>
<td style="border:1px solid
rgb(204,204,204);overflow:hidden;padding:2px
3px;vertical-align:bottom">371500</td>
</tr>
</tbody>
</table>
</span><br>
If the previous years were filled in and if we
knew what the operating reserve was, we could
have a real conversation about the health of
the organization. As it is currently reported,
it's impossible to know what is going on at all.
I find this deeply problematic. If this level of
detail is not something that should be public,
that is fine, but then something else should be
reported here. (Please note that I didn't
report any numbers that were not already in the
treasurer's report. I simply put them in a
different table.) </div>
<div><br>
</div>
<div>With both of these new charts in hand, I am
able to see something that inspires another
question. 4.) Why are we reporting almost
18,000 in revenue from a SotM that is not taking
place? Are these monies corporate gifts that are
not corporate memberships that have been
allocated to either US or EU SotM? Or are they
monies that came in from last year's SotM in FY
2023? That's a lot of incoming money for an
event that isn't happening. I personally know
there is a good answer to this, but I want to
raise this question on behalf of people who
don't have additional detail as it's quite
confusing as presented here.<br>
<br>
The reporting of the OSMF finances has troubled
me for a long time, and as someone involved in
the fundraising, I want to note that if we are
to credibly ask for donations, small and large,
we owe the people who give to the foundation a
level of reporting that matches standard
accounting practice on a quarterly and annual
basis. We don't have to give all the details,
but we do have to offer a rational lens into how
we are managing our finances. If we can't do
that with a volunteer board, because it does
take time, we need to pay someone. Or we need to
designate one of the board slots as requiring an
accountancy background. The OSMF budget is not
large, but as an employer and an entity that
takes donations, it requires good reporting and
accounting.<br>
<br>
Finally, I hasten to add that I know enough
about the fundraising to know that these numbers
can, indeed, be properly accounted for. I am
critiquing the presentation of the accounting,
not the accounting itself. I know it is
difficult as an all volunteer board, but I
have an English literature degree and I pulled
these charts together this morning. This is
important. <br>
<br>
Courtney Williamson</div>
</div>
</div>
</div>
</div>
<br>
<div class="gmail_quote">
<div dir="ltr" class="gmail_attr">On Sat, Sep 30, 2023
at 7:50 PM Steve Coast <<a
href="mailto:steve@stevecoast.com" target="_blank"
moz-do-not-send="true" class="moz-txt-link-freetext">steve@stevecoast.com</a>>
wrote:<br>
</div>
<blockquote class="gmail_quote" style="margin:0px 0px
0px 0.8ex;border-left:1px solid
rgb(204,204,204);padding-left:1ex">Hi all,<br>
<br>
I noticed there were some mixed feelings about the
treasurer’s report during the last board meeting.<br>
<br>
For those who'd like to review, it’s here: <a
href="https://osmfoundation.org/wiki/Board/Minutes/2023-09/Treasurer%27s_report"
rel="noreferrer" target="_blank"
moz-do-not-send="true" class="moz-txt-link-freetext">https://osmfoundation.org/wiki/Board/Minutes/2023-09/Treasurer%27s_report</a><br>
<br>
The report discussion seemed to suggest we're in the
red this year, and the report is not in a standard
GAAP-like format. I have a specific question:<br>
<br>
Actual Amount Description Remark<br>
66 367.91 521 000 Donations Planned target of
the donation drive<br>
<br>
This implies we’ve hit about 13% of our donation goal.
Is that the correct interpretation or can we represent
this in a clearer, more standard way?<br>
<br>
Best,<br>
<br>
Steve<br>
<br>
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</div>
</blockquote>
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</blockquote>
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