<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;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;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">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 cellspacing="0" cellpadding="0" dir="ltr" border="1" style="font-size:10pt;table-layout:fixed;font-family:Arial;width:0px;border-collapse:collapse;border:none"><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"></td><td style="border:1px solid rgb(204,204,204);overflow:hidden;padding:2px 3px;vertical-align:bottom"></td><td style="border:1px solid rgb(204,204,204);overflow:hidden;padding:2px 3px;vertical-align:bottom"></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"></td><td style="border:1px solid rgb(204,204,204);overflow:hidden;padding:2px 3px;vertical-align:bottom"></td><td style="border:1px solid rgb(204,204,204);overflow:hidden;padding:2px 3px;vertical-align:bottom"></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"></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"></td><td style="border:1px solid rgb(204,204,204);overflow:hidden;padding:2px 3px;vertical-align:bottom"></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"></td><td style="border:1px solid rgb(204,204,204);overflow:hidden;padding:2px 3px;vertical-align:bottom"></td><td style="border:1px solid rgb(204,204,204);overflow:hidden;padding:2px 3px;vertical-align:bottom"></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"></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"></td><td style="border:1px solid rgb(204,204,204);overflow:hidden;padding:2px 3px;vertical-align:bottom"></td><td style="border:1px solid rgb(204,204,204);overflow:hidden;padding:2px 3px;vertical-align:bottom"></td><td style="border:1px solid rgb(204,204,204);overflow:hidden;padding:2px 3px;vertical-align:bottom"></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"></td><td style="border:1px solid rgb(204,204,204);overflow:hidden;padding:2px 3px;vertical-align:bottom"></td><td style="border:1px solid rgb(204,204,204);overflow:hidden;padding:2px 3px;vertical-align:bottom"></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 cellspacing="0" cellpadding="0" dir="ltr" border="1" style="table-layout:fixed;font-size:10pt;font-family:Arial;width:0px;border-collapse:collapse;border:none"><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"></td><td style="border:1px solid rgb(204,204,204);overflow:hidden;padding:2px 3px;vertical-align:bottom"></td><td style="border:1px solid rgb(204,204,204);overflow:hidden;padding:2px 3px;vertical-align:bottom"></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"></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"></td><td style="border:1px solid rgb(204,204,204);overflow:hidden;padding:2px 3px;vertical-align:bottom"></td><td style="border:1px solid rgb(204,204,204);overflow:hidden;padding:2px 3px;vertical-align:bottom"></td><td style="border:1px solid rgb(204,204,204);overflow:hidden;padding:2px 3px;vertical-align:bottom"></td><td style="border:1px solid rgb(204,204,204);overflow:hidden;padding:2px 3px;vertical-align:bottom"></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"></td><td style="border:1px solid rgb(204,204,204);overflow:hidden;padding:2px 3px;vertical-align:bottom"></td><td style="border:1px solid rgb(204,204,204);overflow:hidden;padding:2px 3px;vertical-align:bottom"></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"></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"></td><td style="border:1px solid rgb(204,204,204);overflow:hidden;padding:2px 3px;vertical-align:bottom"></td><td style="border:1px solid rgb(204,204,204);overflow:hidden;padding:2px 3px;vertical-align:bottom"></td><td style="border:1px solid rgb(204,204,204);overflow:hidden;padding:2px 3px;vertical-align:bottom"></td><td style="border:1px solid rgb(204,204,204);overflow:hidden;padding:2px 3px;vertical-align:bottom"></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"></td><td style="border:1px solid rgb(204,204,204);overflow:hidden;padding:2px 3px;vertical-align:bottom"></td><td style="border:1px solid rgb(204,204,204);overflow:hidden;padding:2px 3px;vertical-align:bottom"></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"></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"></td><td style="border:1px solid rgb(204,204,204);overflow:hidden;padding:2px 3px;vertical-align:bottom"></td><td style="border:1px solid rgb(204,204,204);overflow:hidden;padding:2px 3px;vertical-align:bottom"></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"></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"></td><td style="border:1px solid rgb(204,204,204);overflow:hidden;padding:2px 3px;vertical-align:bottom"></td><td style="border:1px solid rgb(204,204,204);overflow:hidden;padding:2px 3px;vertical-align:bottom"></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"></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"></td><td style="border:1px solid rgb(204,204,204);overflow:hidden;padding:2px 3px;vertical-align:bottom"></td><td style="border:1px solid rgb(204,204,204);overflow:hidden;padding:2px 3px;vertical-align:bottom"></td><td style="border:1px solid rgb(204,204,204);overflow:hidden;padding:2px 3px;vertical-align:bottom"></td><td style="border:1px solid rgb(204,204,204);overflow:hidden;padding:2px 3px;vertical-align:bottom"></td><td style="border:1px solid rgb(204,204,204);overflow:hidden;padding:2px 3px;vertical-align:bottom"></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"></td><td style="border:1px solid rgb(204,204,204);overflow:hidden;padding:2px 3px;vertical-align:bottom"></td><td style="border:1px solid rgb(204,204,204);overflow:hidden;padding:2px 3px;vertical-align:bottom"></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"></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">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">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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