[OSM-talk] foundation affiliate revenue

[Thom Shannon]

Is the foundation considering charity status? It would be a great 
incentive for corporate donations amongst other things.

80n wrote:
> On 9/28/07, *Tom Hughes* <tom at compton.nu <mailto:tom at compton.nu>> wrote:
>
>     In message
>     <c4193f8c0709271057j19f839a0k6b1caf0c2aae7eed at mail.gmail.com
>     <mailto:c4193f8c0709271057j19f839a0k6b1caf0c2aae7eed at mail.gmail.com>>
>             Andy Allan < gravitystorm at gmail.com
>     <mailto:gravitystorm at gmail.com>> wrote:
>
>     > On 9/27/07, Peter Miller <peter.miller at itoworld.com
>     <mailto: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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