Tue 20th December 2011, 11:34pm
QUOTE(EricBarbour @ Tue 20th December 2011, 11:10pm)
I would post the financials here, but this forum has no way to make a readable table.
So I'll just put down the highlights.
Total expenses $17,890,000
Increase in net assets 6,895,000
Total current assets 20,785,000
Total liabilities 1,974,000
Total liabilities and net assets 26,166,000
They are sitting on more than $20 million in cash, and could shut off ALL fundraising tomorrow--and keep going, for at least TWO YEARS, just on savings. But they keep begging for more and more.
And the WMF isn't even an important nonprofit, or a well-endowed one. This list
shows the top 100 foundations in the US. The WMF doesn't even chart.
No wonder they get away with being a bunch of trolls and flakes.
I can predict a few things they will do with the extra cash:
- Hire a bunch more people to work on various projects that are on their "to do" list. Even if some of the projects haven't been adequately critically evaluated, they will throw money at them anyway because they have money to burn.
- Buy more furniture, workstations, and other office equipment to support the expanded staff.
- Pay some expensive consultants to do some work for them, like surveying Wikipedia participants and readers.
- Give the executives raises. They won't be big raises to avoid backlash, probably around 5-10%.
- Do a lot
more traveling. They will all travel to any and every conference, symposium, and presentation anywhere in the world that has anything at all to do with social media, the free content movement, and the like.