Wikipedia 15/Site/Financials

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Financial Position[edit]

Transparency is a core principle of the Wikimedia Foundation, and we are proud to be recognized as one of the most transparent non-profit organizations in the world. Our annual plan and operating budget are developed through open processes, subject to community feedback and Board approval, and always available to the public for full review.

As with last year, we have broken down our efforts into three key areas: how donor contributions support the Wikimedia websites, the Wikimedia community, and the free knowledge ecosystem. These are supported by our administrative, governance, and fundraising efforts.

Direct support to websites[edit]

Keeping the Wikimedia websites online is about more than just servers and electricity. It also includes ongoing engineering improvements, product development, design and research, and legal support.

Direct support to communities[edit]

The Wikimedia projects exist thanks to the communities that create and maintain them. We strengthen these communities through grants, projects, and tools to build capacity of contributors, and support the legal defense of editors.

Fundraising[edit]

Donors support the Wikimedia mission. The fundraising team engages these remarkable individuals to ensure the Wikimedia Foundation and communities have the resources they need.

Administration & governance[edit]

Our core values include transparency and accountability. We manage funds and resources responsibly, and recruit and support skilled, passionate people to advance our mission.

Support of free knowledge[edit]

Wikimedia is a part of a larger free knowledge movement. An estimated 3.7% of our operating expenditure supports policy, advocacy, education, and partnerships to strengthen and share our mission.

Assets[edit]

Current assets[edit]

Cash and cash equivalents 35,195,478
Current portion of contributions receivable 1,222,140
Short-term investments 29,008,310
Prepaid expenses and other current assets 1,997,599
Total current assets 67,423,527
Property, plant, and equipment, net 5,089,075
Long-term investments 9,259,798
Noncurrent portion of contributions receivable 981,585
Total assets 82,753,985

Liabilities and Net Assets[edit]

Current Liabilities[edit]

Accounts payable 1,041,901
Accrued expenses 3,649,116
Deferred revenue 7,276
Other liabilities 235,394
Total current liabilities 4,933,687
Total liabilities 4,933,687

Net Assets[edit]

Unrestricted 71,764,845
Temporarily restricted 6,055,453
Investments 23,261
Total net assets 77,820,298
Total liabilities and net assets 82,753,985

Unrestricted Net Assets[edit]

Support and Revenue[edit]

Donations and contributions 72,236,884
In-kind service revenue 235,570
Other income, net 270,296
Investment income, net 445,341
Release of restrictions on temporarily restricted net assets 2,609,132
Total support and revenue 75,797,223

Expenses[edit]

Salaries and wages 26,049,224
Awards and grants 4,522,689
Internet hosting 1,997,521
In-kind service expenses 235,570
Donations processing expenses 2,484,765
Professional service expenses 7,645,105
Other operating expenses 4,449,764
Travel and conferences 2,289,489
Depreciation and amortization 2,656,103
Special event expense, net 266,552
Total expenses 52,596,782
Increase in unrestricted net assets 23,200,441

Temporarily Restricted Net Assets[edit]

Contributions 5,014,816
Release of restrictions on temporarily restricted net assets (2,609,132)
Increase in temporarily restricted net assets 2,405,684
Increase in net assets from operations 25,606,125
Foreign currency translation adjustment (1,260,848)
Increase in net assets 24,345,277
Net assets, beginning of year 53,475,021
Net assets, end of year 77,820,298