[Owasp-board] Tomorrow's Board Meeting - Accounting Items
alison.mcnamee at owasp.org
Tue Jul 7 00:45:57 UTC 2009
The report from the audit that was done for 2007 is here:
http://www.owasp.org/index.php/OWASP_Foundation under the Tax Filings tab.
Our oldest invoice is for training at the Belgium conference for Bernd
Nakonzer and Andreas Kucz. The invoice was sent to Elisabeth Gerz, and she
is not responding to my emails for payment.
Splitting the fees out 60/40 would definitely be a huge nightmare. Going
forward, I will charge the local chapter the processing fee for donations
that come in to paypal. However, it will be way too difficult to do this
for the $50 memberships that come in (another huge accounting
nightmare)...so I will continue charging them to memberships.
9175 Guilford Road, Suite 300
Columbia, MD 21046
alison.shrader at owasp.org
From: Dave Wichers [mailto:dave.wichers at owasp.org]
Sent: Monday, July 06, 2009 5:24 PM
To: 'Tom Brennan'; alison.shrader at owasp.org
Cc: 'OWASP Foundation Board List'
Subject: RE: [Owasp-board] Tomorrow's Board Meeting - Accounting Items
I actually think calculating the split of the fee 60/40 and tracking that
would be a nightmare. More trouble than its worth. Since the mothership is
processing the requests in the first place, and not charging for that, then
I think having the local chapter take the processing fee out of their piece
is appropriate, and if they don't like it, then they can encourage members
to pay by check, which has no fee associated with it. I wouldn't encourage
individual members to pay by check because its too much trouble, but
corporate members, I think checks would be good (but certainly not
From: owasp-board-bounces at lists.owasp.org
[mailto:owasp-board-bounces at lists.owasp.org] On Behalf Of Tom Brennan
Sent: Monday, July 06, 2009 4:25 PM
To: alison.shrader at owasp.org
Cc: OWASP Foundation Board List
Subject: Re: [Owasp-board] Tomorrow's Board Meeting - Accounting Items
a. Can you provide a link to the report from the last review.
b. Outsanding invoices from OWASP to whom? Please shed some light
here? Worst case turn over to a collection agency its a win-win
c. Funds do to local chapters if its a 100% funds to the local chapter
then they should get debited the actual cost. If you are speaking of
the 60/40 split then the fees should also be split 60/40.
On Mon, Jul 6, 2009 at 3:49 PM, Alison Shrader<alison.mcnamee at owasp.org>
> I am not going to be on the board conference call tomorrow. I have to
> Emily to the doctors to get her 4 month shots =(
> There are a few accounting issues that I would like to go over with the
> board. I have listed them out below, so if everyone could please discuss
> tomorrow and then I can check in with Kate to see the results.
> 1. Financial Review for 2008: Are we going to have a financial
> done for 2008? The cost would be $5k. My suggestion would be to skip it
> this year, given OWASPs financial situation. I think having a full blow
> audit done every few years would be the best option.
> 2. Outstanding Invoices: We have some outstanding invoices that are
> over a year old. At what point should we write off the amount due to us
> months, 1 year, etc.)? Our oldest invoice still due is from training at
> Belgium 2008 conference. I have emailed several times, and have gotten no
> response. The total amount due is $2900.
> 3. Funds due to Local Chapters: When I first started tracking funds
> to local chapters, I was told that OWASP would eat the cost of the fees
> associated with receiving these funds. So for example if someone donates
> $100 to the London chapter, and the paypal fee is $3, I credit the full
> to the London chapter. I wanted to revisit this, and find out if I should
> keep tracking the funds this way
or if it would make more sense for the
> chapter to pay the fee. With our current financial situation, Im just
> trying to think of as many places as possible to save some money.
> Kate once you post the agenda online, let me know if you would like me
> add these items to the wiki.
> Alison Shrader
> 9175 Guilford Road, Suite 300
> Columbia, MD 21046
> alison.shrader at owasp.org
> Owasp-board mailing list
> Owasp-board at lists.owasp.org
Board Member - OWASP Foundation
Url: www.owasp.org | Tel: 973-202-0122
Owasp-board mailing list
Owasp-board at lists.owasp.org
More information about the Owasp-board