[Owasp-board] Board item : LASCON

Jim Manico jim.manico at owasp.org
Mon Sep 9 14:39:03 UTC 2013


I would like to officially take LASCON off of the board agenda for today. I am very pleased this was resolved so amicably.

Thanks folks,
Jim

> We have an active budget for both LASCON and the OWASP Austin Chapter
> already and I can provide Sarah with access to both.
> 
> ~josh
> 
> 
> On Mon, Sep 9, 2013 at 9:31 AM, Sarah Baso <sarah.baso at owasp.org> wrote:
> 
>> 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.
>>>
>>>
>>>
>>
>>
>> --
>> Executive Director
>> OWASP Foundation
>>
>> sarah.baso at owasp.org
>> +1.312.869.2779
>>
>>
>>
>>
>>
> 



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