Dear all,
Page 49 of the new Form 990 (2021) shows the following total compensation figures for former CEO Katherine Maher and Janeen Uzzell in that year:
*$798,632 and $515,553 *respectively. Both figures far exceed all prior records.
https://upload.wikimedia.org/wikipedia/foundation/1/14/Wikimedia_Foundation_...
The Form 990 now shows a total of *six* executives whose total compensation exceeded *$400,000*.
For comparison, the Form 990 for the year before (2020) showed a total of *eight* executives whose total compensation exceeded *$300,000*:
https://upload.wikimedia.org/wikipedia/foundation/e/e4/Wikimedia_Foundation_...
These are interesting developments.
Andreas
On Tue, May 9, 2023 at 4:25 PM Nataliia Tymkiv ntymkiv@wikimedia.org wrote:
Dear all,
Today, the Wikimedia Foundation published the Form 990 [1], an informational tax form required annually of all nonprofit organisations based in the US. The Form 990 provides a financial overview of the Foundation, including the balance sheet, revenue and expenses, as well as grantmaking, governance, and other financial policies. It also includes compensation information required for senior executives. This document is reviewed by the Board each year before it is published on the Foundation website.
Because of reporting periods, the Form 990 provides a look back at the activities and budget for the Foundation in prior years. This year’s Form 990 covers last fiscal year (July 2021-June 2022), and for compensation related reporting, it covers the 2021 calendar year. Because the Form 990 is a tax document with a complicated format, this year the Foundation has also published a Diff post [2] that provides an overview of the different sections of the form; an executive summary [3] of the Form, and an FAQ on Meta [4].
This year’s Form 990 contains several key takeaways:
Growth in support of Wikimedia projects: In the 2021-2022 fiscal year, the Foundation invested 77% in Program Services, an increase of 4 percentage points as compared to fiscal year 2020–2021 of 73%. This measure reflects how much of the organisation’s expenses are allocated towards the programs and services that it exists to deliver. This surpasses third-party standards for how much nonprofit organisations should spend on programs, which should be the majority of their budget (more than 65% according to the Better Business Bureau).
Increase in community grants: During fiscal year 2021-2022, the Foundation’s revenue received through donations and grants, totaled $164.2 million, a roughly $9 million increase from the prior fiscal year. The Foundation increased its grants programme by 50%, from $10.1M in the prior fiscal year to $15.2M in fiscal year 2021-2022.
Comprehensive governance policies: The Foundation follows a number of best practices for governance as an established nonprofit organisation. The Form 990 includes a section confirming written policies regarding our approach to conflicts of interest https://foundation.wikimedia.org/wiki/Policy:Conflict_of_interest_policy, protecting whistleblowers https://foundation.wikimedia.org/wiki/Policy:Whistleblower_policy, guidelines for data retention https://foundation.wikimedia.org/wiki/Legal:Data_retention_guidelines and governance practices, including those related to the Foundation's Board structure, voting rights, and independence. These governance policies and practices have helped the Foundation to receive the highest rating from sites like Charity Navigator https://www.charitynavigator.org/ein/200049703.
Leadership Transition: This year’s Form 990 also reports on a period of significant leadership transition at the Wikimedia Foundation, including the CEO stepping down. The Form includes compensation information as well as severance disclosures for Foundation executives who departed in 2021. This January, the Wikimedia Foundation introduced a new standardised severance policy, which was shared in a Diff post [5]. Separation payments to two additional executives that precede the implementation of this standardised policy will be disclosed in future Form 990s.
Finally, the Form 990 is one of several documents that the Foundation publishes each year, to provide more visibility into the budget and how the Foundation allocates resources towards its work. In addition to the Form 990, you can find additional information in this year’s Annual Plan https://meta.wikimedia.org/wiki/Wikimedia_Foundation_Annual_Plan/2023-2024, in the Foundation’s Annual Report https://wikimediafoundation.org/about/annualreport/2022-annual-report/, and in a series of Diff posts about the Foundation’s compensation practices https://diff.wikimedia.org/2023/02/17/wikimedia-foundation-remote-first-and-global-community-of-staff/, global guidelines https://diff.wikimedia.org/2023/04/06/wikimedia-foundation-global-guidelines-policies-practices/, and our approach to hiring https://diff.wikimedia.org/2023/05/03/building-a-global-staff-community-at-the-wikimedia-foundation/ .
The Community Affairs Committee of the Board will host its regular Open Conversation with Trustees https://meta.wikimedia.org/wiki/Wikimedia_Foundation_Community_Affairs_Committee/2023-05-18_Conversation_with_Trustees next Thursday May 18 at 1800 UTC where this topic will be on the agenda along with a final opportunity for feedback on the Foundation’s Annual Plan. Questions about the Form 990 are invited on the talk page on Meta https://meta.wikimedia.org/w/index.php?title=Talk:IRS_tax_related_information/2021_Wikimedia_Foundation_Form_990_Frequently_Asked_Questions&action=edit&redlink=1.
[1] https://wikimediafoundation.org/about/financial-reports/#a2-2021-2022 [2] https://diff.wikimedia.org/2023/05/09/highlights-of-form-990-for-the-wikimed... [3] https://meta.wikimedia.org/wiki/IRS_tax_related_information/2021_Wikimedia_F... [4] https://meta.wikimedia.org/wiki/IRS_tax_related_information/2021_Wikimedia_F... [5] https://diff.wikimedia.org/2023/04/06/wikimedia-foundation-global-guidelines...
Best regards, antanana / Nataliia Tymkiv Chair, Wikimedia Foundation Board of Trustees
*NOTICE: You may have received this message outside of your normal working hours/days, as I usually can work more as a volunteer during weekend. You should not feel obligated to answer it during your days off. Thank you in advance!*
Wikimedia-l mailing list -- wikimedia-l@lists.wikimedia.org, guidelines at: https://meta.wikimedia.org/wiki/Mailing_lists/Guidelines and https://meta.wikimedia.org/wiki/Wikimedia-l Public archives at https://lists.wikimedia.org/hyperkitty/list/wikimedia-l@lists.wikimedia.org/... To unsubscribe send an email to wikimedia-l-leave@lists.wikimedia.org