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_2021_Form_990.pdf#page=49 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_2020_Form_990.pdf#page=48 These are interesting developments. Andreas On Tue, May 9, 2023 at 4:25 PM Nataliia Tymkiv <ntym...@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-wikimedia-foundation/ > [3] > https://meta.wikimedia.org/wiki/IRS_tax_related_information/2021_Wikimedia_Foundation_Form_990_Frequently_Asked_Questions#FY_2021-2022_Form_990:_Executive_Summary > [4] > https://meta.wikimedia.org/wiki/IRS_tax_related_information/2021_Wikimedia_Foundation_Form_990_Frequently_Asked_Questions#Overview > [5] > https://diff.wikimedia.org/2023/04/06/wikimedia-foundation-global-guidelines-policies-practices/ > > 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/message/LUM4FS6ABPG4TBUFF6QHYJD3FT36W2AU/ > To unsubscribe send an email to wikimedia-l-le...@lists.wikimedia.org
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