[Sur] [IAEP] [Sugar-devel] [SLOBS] [SLOB] meeting reminder and some open issues to discuss
laura en somosazucar.org
Mie Mayo 11 11:19:12 EDT 2016
2016-05-08 0:20 GMT+08:00 Adam Holt <holt en laptop.org>:
> On Sat, May 7, 2016 at 8:47 AM, Chris Leonard <cjlhomeaddress en gmail.com>
>> On Sat, May 7, 2016 at 11:23 AM, Chris Leonard <cjlhomeaddress en gmail.com>
>> > On Sat, May 7, 2016 at 10:12 AM, Adam Holt <holt en laptop.org> wrote:
>> > ...
>> >> In other words that SL's effective payment to SFConservancy (for
>> >> legal/financial/administrative service) is equal to 10% of all
>> >> (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
>> > 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
>> 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
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);
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!
I would recommend to dig deeper into this point with the Conservancy so we
can clarify the numbers.
Thanks in advance,
> Unsung Heroes of OLPC, interviewed live @ http://unleashkids.org !
> IAEP -- It's An Education Project (not a laptop project!)
> IAEP en lists.sugarlabs.org
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