Wikimedia's 2007 Financials Posted

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wikimedia_logo.pngWikimedia Foundation posted their audited 2007 financial statements (I’ve embedded the document below) last week. Their fiscal year actually ends June 30, so these are already almost eight months old, but they reveal some interesting information about the entity that controls Wikipedia nonetheless.

Generally Wikimedia publishes these five months or so after the end of the year; this year they took eight months. Total donations and other income increased from $1.5 million in 2006 to $2.7 million (the period covered is prior to their recent fundraising effort). Donations of Google stock actually made up a material portion of contributions – 681 shares were donated in fiscal 2007 (worth about $315,000 based on the current stock price).

Travel expenses jumped significantly from $140k to $264k. Given that this period included time when Jimmy Wales was pitching Wikia Search around the world, some conspiracy theorists are speculating that travel expenses related to the for-profit Wikia (which Wales founded) were being reimbursed by Wikimedia Foundation. Wales, however, told me via email that the foundation does not reimburse him for any travel expenses at all, even for pure Wikipedia events, in order to remove any doubt about mixing funds between the entities. “I fund all that myself, out of my own pocket personally,” he said.

The financial statements also note, though, that Wikia and Wikipedia do share some infrastructure costs, assets, employees and expenses:

The Organization shares hosting and bandwidth costs with Wikia, Inc., a for-profit company founded by the same founder as Wikimedia Foundation, Inc. Included in accounts receivable at June 30, 2007 is $6,000 due from Wikia, Inc. for these costs. The Organization received some donated office space from Wikia Inc. during the year ended June 30, 2006 valued at $6,000. No donation of the office space occurred in 2007.

Through June 30, 2007, two members of the Organization’s board of directors also serve as employees, officers, or directors of Wikia, Inc.

Financial statements for 2006 are here.

http://content1.docstoc.com.s3.amazonaws.com/p2f-wrapper.swf?doc_id=391115&swf_url=http%3A//content1.docstoc.com.s3.amazonaws.com/WikimediaFoundation_Inc2007FinancialStatement.pdf.swf&showrelated=0&showotherdocs=0&showstats=0
Wikimedia Foundation, Inc 2007 Financial Statement

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