{"id":57055,"date":"2019-12-11T22:54:01","date_gmt":"2019-12-11T22:54:01","guid":{"rendered":"https:\/\/proxy.goincop1.workers.dev:443\/https\/wordpressfoundation.org\/?page_id=57055"},"modified":"2019-12-11T22:54:01","modified_gmt":"2019-12-11T22:54:01","slug":"2018-financials","status":"publish","type":"page","link":"https:\/\/proxy.goincop1.workers.dev:443\/https\/wordpressfoundation.org\/2018-financials\/","title":{"rendered":"2018 Financials"},"content":{"rendered":"\n<p class=\"has-text-align-justify wp-block-paragraph\">In 2018, the WordPress Foundation and its subsidiary provided support and guidance for a total of 143 <a href=\"https:\/\/proxy.goincop1.workers.dev:443\/http\/central.wordcamp.org\/\">WordCamps<\/a> and hundreds of <a href=\"https:\/\/proxy.goincop1.workers.dev:443\/http\/www.meetup.com\/pro\/wordpress\/\">meetup groups<\/a>, organized by volunteers in communities all over the world. There were 43 WordCamp events in the US and 100 WordCamp events outside the US.<\/p>\n\n\n\n<p class=\"has-text-align-justify wp-block-paragraph\">In 2016, the WordPress Foundation created a subsidiary, organized as a public benefit corporation, to provide a fiscal entity to support organizers of WordPress community events. This B-corp is named WordPress Community Support. We\u2019ll report on both entities\u2019 2018 financials on this page.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>WordPress Foundation<\/strong><\/h3>\n\n\n\n<p class=\"has-text-align-justify wp-block-paragraph\">WordPress Foundation\u2019s total revenue was $13,296, with donations making up $11,178 of this amount.<\/p>\n\n\n\n<p class=\"has-text-align-justify wp-block-paragraph\">Expenses for the WordPress Foundation totaled $42,938. Major 2018 expenses include:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>do_action charity hackathon grants $7,141<\/li><li>Charitable Contributions to other organizations $33,661<ul><li><span style=\"text-decoration: underline;\">Internet Archive<\/span><em>: $10,000 sent in 2018 and deposited by organization in 2019 (will be reported on 2019 financials)<\/em><\/li><li><span style=\"text-decoration: underline;\">Black Girls Code<\/span><em>: $20,000 sent in 2018 and deposited by organization in 2019 (will be reported on 2019 financials)<\/em><\/li><\/ul><\/li><li>Web services (file transfer fees): $1,090<\/li><li>Dues &amp; Subscriptions $779<\/li><li>Kim Parsell Scholarship expenses $204<\/li><\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>WordPress Community Support, PBC<\/strong><\/h4>\n\n\n\n<p class=\"has-text-align-justify wp-block-paragraph\">The total revenue of the Foundation\u2019s subsidiary B-corp, WordPress Community Support, was $\u200e4,631,214:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Sponsorship Income: $3,796,677 <em>(81.9% of total revenue)<\/em><\/li><li>Ticket Sales $831,022 <em>(17.9% of total revenue)<\/em><\/li><\/ul>\n\n\n\n<p class=\"has-text-align-justify wp-block-paragraph\">Expenses for WordPress Community Support, PBC totaled $4,486,658, as detailed below:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>WordCamp expenditures: $4,075,193 <em>(90.8% of total expenses)<\/em><\/li><li>Meetup expenditures: $192,019 <em>(4.1% of total expenses)<\/em><ul><li><em>Total Meetup.com dues: $151,221<\/em><\/li><li><em>Total Meetup Venue rental: $40,158<\/em><\/li><li><em>Total Meetup accessibility expenses: $640<\/em><\/li><\/ul><\/li><li>WordPress.tv content production: $189,072 <em>(4.2% of total expenses)<\/em><\/li><li>Operations: $411,465 <em>(9.2% of total expenses)<\/em><\/li><\/ul>\n\n\n\n<p class=\"has-text-align-justify wp-block-paragraph\">As usual, major WordCamp expenses were concentrated in food &amp; beverage and venue.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"\"><tbody><tr><td><strong>Category<\/strong><\/td><td><strong>Expense<\/strong><\/td><td><strong>% of total expense<\/strong><\/td><\/tr><tr><td>Food &amp; beverage, including after-parties and speaker events<\/td><td>$1,944,793<\/td><td>43%<\/td><\/tr><tr><td>Venue Rental<\/td><td>$738,590<\/td><td>16%<\/td><\/tr><tr><td>Event tees and other swag*<\/td><td>$392,399<\/td><td>8%<\/td><\/tr><tr><td>Audio visual services<\/td><td>$138,912<\/td><td>3%<\/td><\/tr><tr><td>International sponsorship grants**<\/td><td>$209,667<\/td><td>5%<\/td><\/tr><tr><td>Event accessibility<\/td><td>$115,740<\/td><td>3%<\/td><\/tr><tr><td>Printing &amp; signage<\/td><td>$113,043<\/td><td>2%<\/td><\/tr><tr><td>Event supplies<\/td><td>$12,534<\/td><td>&gt; 1%<\/td><\/tr><tr><td>Advertising<\/td><td>$2,356<\/td><td>&gt; 1%<\/td><\/tr><tr><td>Furnishing<\/td><td>$6,877<\/td><td>&gt; 1%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"has-text-align-justify has-small-font-size wp-block-paragraph\">* Classified as advertising and promotion on tax documents.<\/p>\n\n\n\n<p class=\"has-text-align-justify has-small-font-size wp-block-paragraph\">** WPCS helped some 2018 WordCamps that didn\u2019t use WPCS as their financial entity by forwarding corporate sponsorship payments from companies unable to send them money directly.<\/p>\n\n\n\n<p class=\"has-text-align-justify wp-block-paragraph\">WordPress Community Support also supported the publishing of 1,845 videos from WordCamps held in 2018 to <a href=\"https:\/\/proxy.goincop1.workers.dev:443\/http\/wordpress.tv\/\">WordPress.tv<\/a> by providing video camera kits to WordCamps. These kits include an HD camcorder, tripod, external microphone, SD cards, lavalier microphone, and a hard case for shipping.<\/p>\n\n\n\n<p class=\"has-text-align-justify wp-block-paragraph\">The total expenditure of this program was $189,072:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Video Processing or Videography: $181,589<\/li><li>Video Kit Shipping: $7,483<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Major operational expenses for WPCS included:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Bank Charges &amp; Merchant Fees: $73,830<\/li><li>Dues &amp; Subscriptions $11,946<\/li><li>Insurance: $10,035<\/li><li>Legal &amp; Professional Fees: $81,595<\/li><li>Taxes &amp; Licenses: $104,903<\/li><li>Exchange rate adjustments: $44,977<\/li><li>Centralized swag (such as lanyards) purchasing: $31,811<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>In 2018, the WordPress Foundation and its subsidiary provided support and guidance for a total of 143 WordCamps and hundreds of meetup groups, organized by volunteers in communities all over the world. There were 43 WordCamp events in the US and 100 WordCamp events outside the US. In 2016, the WordPress Foundation created a subsidiary, &hellip; <a href=\"https:\/\/proxy.goincop1.workers.dev:443\/https\/wordpressfoundation.org\/2018-financials\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">2018 Financials<\/span><\/a><\/p>\n","protected":false},"author":17,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-57055","page","type-page","status-publish","hentry"],"jetpack_shortlink":"https:\/\/proxy.goincop1.workers.dev:443\/https\/wp.me\/PMBRF-eQf","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/proxy.goincop1.workers.dev:443\/https\/wordpressfoundation.org\/wp-json\/wp\/v2\/pages\/57055","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/proxy.goincop1.workers.dev:443\/https\/wordpressfoundation.org\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/proxy.goincop1.workers.dev:443\/https\/wordpressfoundation.org\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/proxy.goincop1.workers.dev:443\/https\/wordpressfoundation.org\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/proxy.goincop1.workers.dev:443\/https\/wordpressfoundation.org\/wp-json\/wp\/v2\/comments?post=57055"}],"version-history":[{"count":4,"href":"https:\/\/proxy.goincop1.workers.dev:443\/https\/wordpressfoundation.org\/wp-json\/wp\/v2\/pages\/57055\/revisions"}],"predecessor-version":[{"id":57255,"href":"https:\/\/proxy.goincop1.workers.dev:443\/https\/wordpressfoundation.org\/wp-json\/wp\/v2\/pages\/57055\/revisions\/57255"}],"wp:attachment":[{"href":"https:\/\/proxy.goincop1.workers.dev:443\/https\/wordpressfoundation.org\/wp-json\/wp\/v2\/media?parent=57055"}],"curies":[{"name":"wp","href":"https:\/\/proxy.goincop1.workers.dev:443\/https\/api.w.org\/{rel}","templated":true}]}}