OSE Financial Transparency
Hint: The most current filings can be found at OSE Form 990
Introduction
The Annual Budget Report is a summary of the actual spending and revenue of OSE, verified with bank account statements.
Use the template below as an example.
2015 Filing
- 990 Extension Form - Form 8868
2015 Overhead Expenses
Monthly Estimate for planning purposes: $1100, or about $13k/year
- Electricity - $180 per month (during peak workshop season)
- Fuel - $200
- Water - $80
- Internet - $220
- Phone - $120
- Web hosting + acceleration - $120
- Insurance - $58
- Auto insurance - $67
- Admin (tax filing) - $23
- Taxes - $25
2014
Form 990
(filed mid-2015, forthcoming)
Annual Report
Annual Report Infographic Base:
<html><iframe width="600" height="371" seamless frameborder="0" scrolling="no" src="https://docs.google.com/spreadsheets/d/1lVvq36LiF8SSIzGh3hFwOHIv3IVxA7KKhwBgrN-xAec/pubchart?oid=1270640998&format=image"></iframe>
<iframe width="595" height="341" seamless frameborder="0" scrolling="no" src="https://docs.google.com/spreadsheets/d/1lVvq36LiF8SSIzGh3hFwOHIv3IVxA7KKhwBgrN-xAec/pubchart?oid=888971&format=image"></iframe></html>
<html><iframe src="https://docs.google.com/spreadsheets/d/1lVvq36LiF8SSIzGh3hFwOHIv3IVxA7KKhwBgrN-xAec/pubhtml?widget=true&headers=false" width="1200" height="450"></iframe></html>
Protocol for 2014
It took 2 hr 40 min to set up spreadsheet template and fill it out from bank statements, minus the infographic below.
- Download all statements from Bank of America.
- Fill out Column I and P in above spreadsheet for the Monthly Revenue and Spending using the cover page of monthly BofA statement
- Look through revenue - should have a quick breakdown of donations, speaker fees, workshop revenues, etc. Use other for refunds or unfamiliar entries.
- Look through details of spending to detect overhead costs (quick scan for utilities, phone, internet, water electricity, insurance, web hosting, domain registrations, etc).
- To balance revenue, use a formula in column H to subtract total revenue from known revenues
- To balance costs, use a formula in column J to make Prototyping + Infrastructure any spending that is not salary, travel, fuel, or overhead.
- Look at Eventbrite and total the workshops revenue + spring break revenue
- Look at PayPal to determine the total money received in first and last month, and average that to derive an annual revenue
2013 - Income & Expenditures
See Form 990 for 2013 - [1] From Form 990:
- Total Revenue: $354k
- Total Expenses: $402k
- Total Assets at beginning of year: $262k
- Total Assets at end of year: $214k
Note: OSE has received its of Tax Exempt status from the IRS on September 27, 2013. We are also exempt from state sales tax.
Download OSE's 2013 Profit and Loss Statement - OSEPL2013.pdf
2012 - Income & Expenditures
See Form 990 Filing - [2]
<html> <iframe width='3000' height='500' frameborder='0' src='https://docs.google.com/spreadsheet/pub?hl=en_US&hl=en_US&key=0Aj7WbjRT9mlmdE80MDR3S0gzV1ZEdUI0OHI0OVkxSEE&output=html&widget=true'></iframe> </html> EDIT
2012 - Global Village Construction Set Budget
- Global Village Construction Set - Budget Estimate (2012)
- Global Village Construction Set - Budget Estimate (2012) - Rationale
2012 Financial Statements
2011 - Expenditures Graph
- GVCS Machines - includes only materials
- GVCS Machines - outsourced design work
- GVCS Machines - outsourced labor
- Construction - materials
- Construction - labor
- Infrastructure - energy, water, utilities, internet, phone
- Admin
<html> <iframe width='100%' height='500' frameborder='0' src='https://docs.google.com/spreadsheet/pub?key=0Aj7WbjRT9mlmdGRQU3lCZXpLRG11ZDJ1VmQwUGhqNGc&single=true&gid=2&output=html&widget=true'></iframe> </html>
2011 - Income & Expenditures
EDIT <html>
<iframe width='2000' height='2300' frameborder='0' src='https://docs.google.com/spreadsheet/pub?hl=en_US&hl=en_US&key=0Aj7WbjRT9mlmdGRQU3lCZXpLRG11ZDJ1VmQwUGhqNGc&single=true&gid=1&output=html&widget=true'></iframe>
</html>
Receipts & Checks
Fiscal Sponsor in 2011-2012
Terra Foundation 501(c)(3)
- IRS Determination Letter
- Form 990-N (2011)
- EIN #: 77-0298872
- Fiscal Sponsorship Fee: 2%
Links
- Ops Infographic
- Admin Assistant
- Taxes
- Financial_Management