Hi Nemo,
Thanks for your questions.
Yes, we answered No to Part VI, section A, line 7a since the Board ultimately approves the seats. However, we are a unique organization and I think for the next 990, I will include an explanation in Schedule O that explains the process. Usually you only include info on Schedule O if you answer yes, but either way, it would be good to include that information going forward.
Yes, the data provider services contains the live-feed revenue and licensing revenue and yes, it is contained in the $398K in the financial statements.
Regarding the gift policy, we clearly have a gift policy. When you look at the instructions related to how to answer that question, it talks about the definition of a non-standard contribution which is very specific. Since we didn't specifically name in our gift policy the specifics of a non-standard contribution per the definition of the IRS, we marked it no. I spoke with KPMG this morning and there could be an argument made for us answering it either way, but I and KPMG are comfortable with the answer we gave.
Veronique
Federico Leva (Nemo) wrote:
Veronique Kessler, 27/04/2010 02:08:
Please note that the 2008 Form 990 which covers fiscal year July 1, 2008 through June 30, 2009 has been posted to the Wikimedia Foundation website at: http://wikimediafoundation.org/wiki/File:WMF_2008_2009_Form_990.pdf
Thank you. (I love to read these documents, even if there are lots of unnecessary bureaucracy, for which I sympathize with you; even in Italy we have a law which says that the State can't ask you some information you have already given in some other communication...)
Also posted are questions and answers which can be found at: http://wikimediafoundation.org/wiki/Form_2008_Questions_and_Answers
Of course I am available to answer questions as well.
I'm a bit late here, but I have three (little) questions:
- Page 7, part VI, section A, line 7a: "Does the organization have
members, stockholders, or other persons who may elect one or more members of the governing body?" Why is the answer "no"? Because of the definition of "elect" (perhaps they're not considered elected because a board resolution is needed)? 2) Page 9, part VIII, line 2a: what are those 366,232 $ of program service revenue from data provider services? Are they included in "Other income, net" line in the financial statement (398,149 $)? 3) Page 31, schedule M, part I, line 31: "Does the organization have a gift acceptance policy that requires the review of any non-standard contributions?", answer "no". Isn't WMF gift policy (http://wikimediafoundation.org/wiki/Gift_policy#Accepting_Gifts.2FPrivate_Grants_--_Board_Approval ) enough? Thank you, Nemo