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MyWikiBiz, Author Your Legacy — Saturday April 27, 2024
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==Wikimedia Foundation finances are suspect.==
 
==Wikimedia Foundation finances are suspect.==
 
===Budget===
 
===Budget===
In 2011, the Wikimedia Foundation called for a budget of approximately $20 million.  However, industry analysts contend that Wikipedia and all its sister projects could probably [http://answers.yahoo.com/question/index?qid=20091221141604AAEUCsW operate on a budget] of $1.6 million (including salaries for several IT developers), because over 99% of the actual work being done is accomplished by unpaid volunteers.  A [http://upload.wikimedia.org/wikipedia/foundation/4/4f/FINAL_08_09From_KPMG.pdf KPMG audit] reported that in 2009, the Wikimedia Foundation spent only $822,405 on Internet hosting fees, plus $1,259,161 in "operating" costs (which includes many of the unnecessary staff who had been hired in just the previous two years).  Even this KPMG expense summary would dictate that $2.1 million would be sufficient for the Wikimedia Foundation, so why do they call for a budget nearly '''ten times''' what's actually needed?  And look out, Wikimedia director Sue Gardner is [http://wikimediafoundation.org/wiki/2011-2012_Annual_Plan_Questions_and_Answers#What.27s_the_revenue_target_for_2011-12.2C_and_how_does_it_compare_to_previous_years.3F calling for] a 50%-larger budget of $29.5 million for 2012!  Last year, she tallied up a 12% pay raise for herself, even amidst a severe economic downturn.
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In 2011, the Wikimedia Foundation called for a budget of approximately $20 million.  However, one assessment contends that Wikipedia and all its sister projects could probably [http://answers.yahoo.com/question/index?qid=20091221141604AAEUCsW operate on a budget] of $1.6 million (including salaries for several IT developers), because over 99% of the actual work being done is accomplished by unpaid volunteers.  A [http://upload.wikimedia.org/wikipedia/foundation/4/4f/FINAL_08_09From_KPMG.pdf KPMG audit] reported that in 2009, the Wikimedia Foundation spent only $822,405 on Internet hosting fees, plus $1,259,161 in "operating" costs (which includes many of the unnecessary staff who had been hired in just the previous two years).  Even this KPMG expense summary would dictate that $2.1 million would be sufficient for the Wikimedia Foundation, so why do they call for a budget nearly '''ten times''' what's actually needed?  And look out, Wikimedia director Sue Gardner is [http://wikimediafoundation.org/wiki/2011-2012_Annual_Plan_Questions_and_Answers#What.27s_the_revenue_target_for_2011-12.2C_and_how_does_it_compare_to_previous_years.3F calling for] a 50%-larger budget of $29.5 million for 2012!  Last year, she tallied up a 12% pay raise for herself, even amidst a severe economic downturn.
    
===Governance===
 
===Governance===

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