Dear WMF Finance staff, I inquired over a week ago on Meta-Wiki why the WMF is reporting a negative investment income (–$12 million). There has been no answer to date.[1]
I am a layperson, but how can an investment income be negative? Would you mind sharing what this is about? I was also surprised to find that the reported increase in net assets for the 2021–2022 financial year was "only" $8.2 million. The third-quarter F&A tuning session published in May (based on data as of March 31) forecast a far higher surplus, with an increase in net assets of $25.9 million.[2] Would you mind sharing what happened in the fourth quarter to reduce the surplus by so much? Best wishes, Andreas [1] https://meta.wikimedia.org/wiki/Talk:Wikimedia_Foundation_reports/Financial/Audits/2021-2022_-_frequently_asked_questions [2] https://commons.wikimedia.org/w/index.php?title=File%3AF%26A_Tuning_Session_FY21-22_Q3.pdf&page=5 On Tue, Nov 1, 2022 at 3:45 PM Andreas Kolbe <jayen...@gmail.com> wrote: > Dear all, > > The WMF's audited financial statements are now available here: > > > https://upload.wikimedia.org/wikipedia/foundation/2/26/Wikimedia_Foundation_FY2021-2022_Audit_Report.pdf > > Some key figures from the page numbered 4 (page 6 in the pdf): > > – Net invest income was negative: –$12M (down $16M) > – Total support and revenue was $155M (down $8M due to that negative > investment income) > – Total expenses were $146M (up $34M) > – Salaries and wages were $88M (up $20M) > – Net assets at end of year increased by $8M > > For reference, the end-of-year increase in net assets forecast in the > third-quarter Finance & Administration tuning session deck published in May > 2022 was $25.9M: > > > https://commons.wikimedia.org/w/index.php?title=File%3AF%26A_Tuning_Session_FY21-22_Q3.pdf&page=5 > > Best, > Andreas > >
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