Wikimedia Foundation/Annual Report/2015-2016/2016 financials

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Wikimedia Foundation 2016 Annual Report
2016 financial positions

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. 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
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.
$27,449,233 (42%)
Direct support to Communities
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.
$17,489,545 (26%)
Support of Free Knowledge
Wikimedia is a part of a larger free knowledge movement. An estimated 4% of our operating expenditure supports policy, advocacy, education, and partnerships to strengthen and share our mission.
$2,924,817 (4%)
Fundraising
Donors support the Wikimedia mission. The fundraising team engages these remarkable individuals to ensure the Wikimedia Foundation and communities have the resources they need.
$7,619,631 (12%)
Admin & governance
Our core values include transparency and accountability. We manage funds and resources responsibly and recruit and support skilled, passionate people to advance our mission.
$10,464,238 (16%)

Balance sheet[edit]

From July 1st, 2015 – June 30th, 2016

Assets[edit]

Current assets[edit]

Cash and cash equivalents 46,735,297
Current-portion of contributions receivable 500,000
Short-term investments 31,851,807
Prepaid expenses and other current assets 1,982,960
Total current assets 81,070,064
Property, plant, and equipment, net 5,012,496
Long-term investments 11,066,552
Noncurrent portion of contributions receivable 493,623
Total Assets $97,642,735

Liabilities and net assets[edit]

Current liabilities[edit]

Accounts payable 1,246,302
Accrued expenses 4,024,542
Other liabilities 589,096
Total current liabilities 5,859,940
Total liabilities $5,859,940

Net assets[edit]

Unrestricted 87,680,104
Temporarily Restricted 4,102,691
Total net assets 91,782,795
Total liabilities and net assets $97,642,735

Statement of activities[edit]

From July 1st, 2015 – June 30th, 2016

Unrestricted net assets[edit]

Support and revenue[edit]

Donations and contributions 77,748,287
In-kind service revenue 1,065,523
Foreign currency losses (110,751)
Other income, net 70,356
Investment income, net 813,377
Release of restrictions on temporarily restricted assets 2,275,932
Total support and revenue $81,862,724

Expenses[edit]

Salaries and wages 31,713,961
Awards and grants 11,354,612
Internet hosting 2,069,572
In-kind service expenses 1,065,523
Donations processing expenses 3,604,682
Professional service expenses 6,033,172
Other operating expenses 4,777,203
Travel and conferences 2,296,592
Depreciation and amortization 2,720,835
Special event expense, net 311,313
Total Expenses 65,947,465
Increase in unrestricted net assets $15,915,259

Temporarily restrict net assets[edit]

Contributions 323,170
Release of restrictions on temporarily restricted net assets (2,275,932)
Increase in temporarily restricted net assets (1,952,762)
Increase in net assets 13,962,497
Net assets at beginning of year 77,820,298
Net assets at end of year $91,782,795

See also[edit]

For more information, please see the Fundraising Report →