[IAEP] [Sugar-devel] [SLOBS] [SLOB] meeting reminder and some open issues to discuss

[Adam Holt]

On May 11, 2016 11:19 AM, "Laura Vargas" <laura at somosazucar.org> wrote:
>
> 2016-05-08 0:20 GMT+08:00 Adam Holt <holt at laptop.org>:
>>
>> On Sat, May 7, 2016 at 8:47 AM, Chris Leonard <cjlhomeaddress at gmail.com>
wrote:
>>>
>>> On Sat, May 7, 2016 at 11:23 AM, Chris Leonard <cjlhomeaddress at gmail.com>
wrote:
>>> > On Sat, May 7, 2016 at 10:12 AM, Adam Holt <holt at laptop.org> wrote:
>>> >
>>> > ...
>>> >
>>> >> In other words that SL's effective payment to SFConservancy (for
>>> >> legal/financial/administrative service) is equal to 10% of all
expenditures
>>> >> (outlays) each fiscal year, i.e. March 1st to end of February.
>>> >>
>>> >> (But someone else can correct me if I'm wrong!)
>>> >
>>> > I think you are wrong, but I am still looking for the proof.  It is my
>>> > understanding that SFC takes 10% of incoming donations only, not a 10%
>>> > cut of all transactions (inbound and outbound).
>>> >
>>> > That is what is described in their template Fiscal Sponsorship
Agreement.
>>> >
>>> > http://sfconservancy.org/docs/sponsorship-agreement-template.pdf
>>> >
>>> > "Fees.
>>> > The FIXME-SIGNATORIES agree to donate ten percent (10%) of the
>>> > Project's gross revenue (including, but not necessarily limited to,
>>> > all income and donations) to Conservancy for its general operations."
>>> >
>>> > I'm looking for an executed copy of the current SugarLabs-SFC FSA to
>>> > confirm, unfortunately the wiki version looks at variance with the
>>> > template, but as a wiki page, it has no "official" status.
>>> >
>>> > https://wiki.sugarlabs.org/go/Sugar_Labs/SFC_Fiscal_Agreement
>>> >
>>> > cjl
>>>
>>>
>>> Adam,
>>>
>>> As SFC contact, could you please confirm that this 2012 version of the
>>> Amended FSA is the currently effective agreement?
>>
>>
>> There no reason to believe otherwise.  This agreement is what stands
unless you have information that nobody else has :-)
>>
>>> Note, it shows the 10% cut of revenue, no transaction fees.
>>
>>
>> 10% of initial capital too?  Sorry am traveling non-stop for the coming
days, but someone should read the agreement (attached by CJL, Thanks!!)
carefully please if they have time this weekend please.
>>
>
> According to the agreement, the Project agreed to donate ten percent
(10%) of its gross revenue (including, but not necessarily
> limited to, all income and donations) to Conservancy for its general
operations.
>
> Still, there must be a mistake or some additional terms or additions made
to this agreement, because there is a large difference (US$20.494,29)
between what the Project should have donated to SFC and what has been
actually donated for the past 3 years (according to the numbers published
early this year);

Laura,

I think you are misinterpreting https://wiki.sugarlabs.org/go/Finance

When it says "Donated To [Software Freedom] Conservancy" that implies a
cumulative total over the years, just like every other line-item in those
lower paragraphs, for each financial year.

In conclusion your table appears to be (accidentally) greatly exaggerating
the amounts being paid (held for) SFConservancy, so you may want issue a
corrected version.

Regards-
Adam

> Total Income
> 10% of Total Income
> Donated To SFC
> Difference
>
>
>
>
>
> 2015
> $9.028,56
> $902,86
> $12.683,40
> ($11.780,54)
> 2014
> $49.622,18
> $4.962,22
> $11.780,54
> ($6.818,32)
> 2013
> $49.229,19
> $4.922,92
> $6.818,34
> ($1.895,42)
>
>
>
>
>
> Total
> $107.879,93
> $10.787,99
> $31.282,28
> ($20.494,29)
>
>
>> Then if there are outstanding questions accumulating, I can collect
those and communicate those questions to SFConservancy intermittently, if
we as a community have done our own homework first, Thanks!
>
>
> Adam,
>
> I would recommend to dig deeper into this point with the Conservancy so
we can clarify the numbers.
>
> Thanks in advance,
> laura v
>
>>
>>>
>>> cjl
>>
>>
>> --
>> Unsung Heroes of OLPC, interviewed live @ http://unleashkids.org !
>>
>> _______________________________________________
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>
>
>
>
> --
> Laura V.
> I&D SomosAZUCAR.Org
>
> Identi.ca/Skype acaire
> IRC kaametza
>
> Happy Learning!
>
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