[OSM-talk] foundation affiliate revenue

[80n]

On 9/28/07, Tom Hughes <tom at compton.nu> wrote:
>
> In message <c4193f8c0709271057j19f839a0k6b1caf0c2aae7eed at mail.gmail.com>
>         Andy Allan <gravitystorm at gmail.com> wrote:
>
> > On 9/27/07, Peter Miller <peter.miller at itoworld.com> wrote:
> >
> >> While I am on the subject, I have never seen any accounts for the
> >> foundation, I have no idea how much it spends, I have no idea how much
> money
> >> it needs or how it is planning to go about raising it.
> >
> > It's something I was looking at last night actually. The foundation
> > page on the wiki says that first year accounts were not due to be
> > published until late August, but that's obviously been and gone now.
>
> This was discussed at some length at the AGM. The problem is that
> the end of the accounting year and the AGM more or less coincide at
> the moment which meant there were no final accounts for the year to
> present at the AGM.
>
> There was discussion about how to handle the accounts which should
> be in the minutes when they are published, and about possibly trying
> to alter the timings so that things were easier in future.
>
> > The game I was playing was guess the bank balance, based on what I've
> > seen in the MLs recently. Maybe we can play the game until Etienne
> > gets some free time :-) My guess is 18K. Anyone else to play?
>
> I believe it is less than that.
>

The draft accounts for our first financial year were presented at the OSMF
board meeting on September 13th.

The position at the end of the first year (31st August 2007) was:

Balance Sheet
ASSETS
Debtors Control Account            6,021.60
Cooperative Bank - Current Account    6,824.69
Paypal - Sterling            218.50
Paypal - Euro                172.34
Paypal - US Dollars            48.72
TOTAL ASSETS                13,285.85

Creditors Control Account        1,744.94
TOTAL LIABILITIES            1,744.94

SHAREHOLDER'S EQUITY
Current Earnings            11,540.91
TOTAL EQUITY                11,540.91
TOTAL LIABILITIES & EQUITY        13,285.85


Income Statement
INCOME
Donations            7,074.17
Membership fees            1,125.01
Retail partner commission    489.91
Conference Registration Fees    1,764.21
Merchandising Sales        549.86
Corporate Sponsorship        7,221.69
Miscellaneous Income        486.05
Interest received        3.56

TOTAL INCOME            18,714.46

EXPENSES
Materials Purchased        1,395.55
Travelling            804.86
Conference Expenses        4,856.85
P.R. (Literature & Brochures)    117.50
Bank commission            75.67

TOTAL EXPENSES            7,250.43
INCOME / (LOSS)            11,464.03
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