... | ... | @@ -31,10 +31,10 @@ Participants indicated that the market felt flat and that CiviCRM did not seem t |
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The core team presented a YTD P&L and balance sheet, and summarized it's current financial position as:
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1. Current P&L shows a profit, however the CT projects greater expenses in the remainder of the year than income.
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2. 2017 was a tough year due to a tax error, a large receivable that is highly likely to be unrealized and a few consulting projects that were taken at a loss. All said, the core team took a loss of $71k in 2017.
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3. CT members earn $50 an hour w/o benefits, and will float their pay in order to keep the project 'sustainable'. Using quotes here, but that isn't really sustainable.
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4. Visibility on income has historically been difficult because both donations and earned income are tough to budget. Consulting projects are not typically known in advance and fundraising efforts vary.
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5. KarinG provided a breakdown of 2017 of and demonstrated how partner dues could be changed to cover a portion of the gap.
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2. KarinG [please see slides below] provided a breakdown of how the CT funded its 2017 Operating Expenses; pointed out that Core Team earns a modest salary at $50/h without health, dental, etc benefits and listed a series of tasks that the Core Team currently executes within it's 2.6 FTE
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3. 2017 was a tough year due to a tax error, a large receivable that is highly likely to be unrealized and a few consulting projects that were taken at a loss. All said, the core team took a loss of $71k in 2017.
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4. CT members will float their pay in order to keep the project 'sustainable'. Using quotes here, but that isn't really sustainable.
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5. Visibility on income has historically been difficult because both donations and earned income are tough to budget. Consulting projects are not typically known in advance and fundraising efforts vary.
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6. Though no formal commitment was made, the core team will provide periodic updates about its financial position to the community at large.
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... | ... | @@ -75,4 +75,7 @@ The core team presented a YTD P&L and balance sheet, and summarized it's current |
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- Brian Shaughnessy
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- Allen Shaw
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- David Tarrant
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- Coleman Watts |
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\ No newline at end of file |
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- Coleman Watts
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![image](uploads/941445f2ac03ae3749f23cbe809603d6/image.png)
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![image](uploads/fb9e3aa2625b6762dba96e801eb72acb/image.png) |