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WMF Form 990 (through June 2010) -
     
 
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> WMF Form 990 (through June 2010)
thekohser
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Once again, right on time (a little over 9 months after the closing date), the Wikimedia Foundation has published their federal Form 990, so that you can keep track of how much of every revenue dollar they're spending on program expenses (this year, it's up from 41 cents on the dollar to 46.2 cents on the dollar -- a ratio that would make any legitimate charity ashamed to exist).

If you're a WikiBeliever, there's even a PR-soaked version of the questions you should be asking the Foundation.


Recall from LAST YEAR's form:

QUOTE
Sue Gardner's total compensation:
$175,050

Mike Godwin's total compensation:
$128,139

Veronique Kessler's total compensation:
$121,859



Total program expenses: $3,308,546.

Total revenue: $8,137,235.

Ratio of program expenses to revenue: 40.66% (about half of what reputable charities strive for)



Highest-paid contractor:

SQUIRE SANDERS AND DEMPSEY LLP of Tysons Corner, Virginia, for legal services totaling $131,564 (stuff that Mike Godwin couldn't handle on his own)



Return on investments:

The WMF reported between $2.8 million and $6.2 million stuffed away in cash savings/investments. The interest on that was about $31,000. A net return on investment of somewhere between 0.5% and 1.1%.

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