On Wed, Nov 9, 2022 at 10:37 AM Andreas Kolbe <jayen...@gmail.com> wrote:
> Dear WMF Finance staff, > > I inquired over a week ago on Meta-Wiki why the WMF is reporting a > negative investment income (–$12 million). There has been no answer to > date.[1] > > I am a layperson, but how can an investment income be negative? Would you > mind sharing what this is about? > You probably didn't get a prompt answer because "how can investment income be negative" is something you could have Googled before asking the finance team. Investments can lose value.* The US stock market has lost a tremendous amount of value over the last year, so it would not be surprising that most investments would have a negative return recently. * https://www.investopedia.com/terms/n/negative-return.asp https://www.finra.org/investors/investing/investing-basics/risk I was also surprised to find that the reported increase in net assets for > the 2021–2022 financial year was "only" $8.2 million. The third-quarter F&A > tuning session published in May (based on data as of March 31) forecast a > far higher surplus, with an increase in net assets of $25.9 million.[2] > > Would you mind sharing what happened in the fourth quarter to reduce the > surplus by so much? > > Best wishes, > Andreas > > [1] > https://meta.wikimedia.org/wiki/Talk:Wikimedia_Foundation_reports/Financial/Audits/2021-2022_-_frequently_asked_questions > [2] > https://commons.wikimedia.org/w/index.php?title=File%3AF%26A_Tuning_Session_FY21-22_Q3.pdf&page=5 > > On Tue, Nov 1, 2022 at 3:45 PM Andreas Kolbe <jayen...@gmail.com> wrote: > >> Dear all, >> >> The WMF's audited financial statements are now available here: >> >> >> https://upload.wikimedia.org/wikipedia/foundation/2/26/Wikimedia_Foundation_FY2021-2022_Audit_Report.pdf >> >> Some key figures from the page numbered 4 (page 6 in the pdf): >> >> – Net invest income was negative: –$12M (down $16M) >> – Total support and revenue was $155M (down $8M due to that negative >> investment income) >> – Total expenses were $146M (up $34M) >> – Salaries and wages were $88M (up $20M) >> – Net assets at end of year increased by $8M >> >> For reference, the end-of-year increase in net assets forecast in the >> third-quarter Finance & Administration tuning session deck published in May >> 2022 was $25.9M: >> >> >> https://commons.wikimedia.org/w/index.php?title=File%3AF%26A_Tuning_Session_FY21-22_Q3.pdf&page=5 >> >> Best, >> Andreas >> >> _______________________________________________ > Wikimedia-l mailing list -- wikimedia-l@lists.wikimedia.org, guidelines > at: https://meta.wikimedia.org/wiki/Mailing_lists/Guidelines and > https://meta.wikimedia.org/wiki/Wikimedia-l > Public archives at > https://lists.wikimedia.org/hyperkitty/list/wikimedia-l@lists.wikimedia.org/message/5M36VZBWLE6P4XCDAVL7L3FEPGNSSQNX/ > To unsubscribe send an email to wikimedia-l-le...@lists.wikimedia.org
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