[Owasp-board] Board item : LASCON

Jim Manico jim.manico at owasp.org
Mon Sep 9 14:33:46 UTC 2013


I would much rather you grant the exception and we can all move on. The board has bigger fish to fry.

Thank you very much, Sarah.


> Jim (or someone else) asked for my thoughts on this -
> I had thought this would be a board issue since Josh is asking for a policy
> exception... .but if you want me to handle it that is fine.  My opinion is
> that Josh's/Lascon's request is pretty reasonable.  I am inclined to grant
> an exception with the following requests:  1) Lascon submits a budget for
> their event  2) the Austin submits a budget of anticipated expenses/income
> (rough)  by month for the next year.
> I think these are reasonable budgeting requests and this is an approach
> that could be scaled to other events that ask for an exception.
> Sarah
> On Mon, Sep 9, 2013 at 7:28 AM, Jim Manico <jim.manico at owasp.org> wrote:
>> I would like to address the request from the LASCON team at today's Board
>> Meeting. Josh, can you or some other member of LASCON attend as well please?
>> ***
>> In preparing to sign contracts for our LASCON 2014 event, it was brought
>> to the teams attention that we had to agree to a new profit sharing policy
>> in order to proceed. The problem is that because $5k is used as the margin
>> between a 90/10 split and a 40/60 split, the new profit sharing policy
>> takes our chapter cut of the LASCON profits down to somewhere around 50%.
>> We've had several objections from our core team members on doing that much
>> work and realizing such a small cut of the reward.  Since the new profit
>> sharing policy was designed without scale in mind, I'd like to ask that for
>> the LASCON event only, we raise this margin to $10k.  Here's some rough
>> math based on 2011 numbers:
>> *Current Model*
>> $17k profit
>> $5k margin
>> Chapter Cut = $4500 (90/10 split) + $4800 (40/60 split) = $9300
>> Foundation Cut = $500 (10/90 split) + $7200 (60/40 split) = $7700
>> Realized Percentage Split = 55% Chapter / 45% Foundation
>> *Proposed Model*
>> $17k profit
>> $10k margin
>> Chapter Cut = $9000 (90/10 split) + $2800 (40/60 split) = $11800
>> Foundation Cut = $1000 (10/90 split) + $4200 (60/40 split) = $5200
>> Realized Percentage Split = 69% Chapter / 31% Foundation
>> This still amounts to a realized 70/30 split between the Chapter and
>> Foundation which, IMHO, is still a lot of money considering the limited
>> assistance provided to us by the Foundation.  As an additional reference
>> point, it is also more money raised for the Foundation than any other
>> Chapter organized activity.
>> I had really hoped that the Board would have come up with a profit sharing
>> model that did not require us to be granted an exception year over year,
>> but despite clear objections from me and a "NO" vote from Tom, the
>> remaining Board members appears to have passed the proposal anyway.  Thus,
>> my request that before we sign the paperwork guaranteeing a LASCON 2014, we
>> raise this margin from $5k to $10k for our event only (leaving the
>> percentage splits in tact).  This will provide enough revenue for our
>> chapter to continue to thrive and innovate as we have done in the past
>> while at the same time ensuring that the OWASP Foundation receives an ample
>> cut for any of our borrowed resources that we cannot directly expense back
>> to the conference.  Does this sound agreeable?  Thank you for your time and
>> comments.

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