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At 50 million articles and counting, Wikipedia is the largest source of human knowledge ever created—but it isn’t complete. Wikipedia remains a work in progress, an ever-growing and evolving encyclopedia that provides free, reliable, and unbiased information to billions of people around the world. Our 2018 annual report highlights the progress we made this….
- External Audit Overview
- Key Highlights
- Terms and Definitions
The objective of an external audit is for the auditor to express an opinion on the fairness of the financial statements and the financial activities of the Wikimedia Foundation (WMF) for the fiscal year (FY) - in this case fiscal year 2017-2018 (covering 1 July 2017 - 30 June 2018). Our auditors, KPMG, issued their opinion that the Wikimedia Founda...
What’s the overall takeaway?
The Wikimedia Foundation’s financial position is healthy as of 30 June 2018. Our cash and investment balances increased from the prior year due to better fundraising activity than planned as we continue to invest in the activities outlined in the approved FY18-19 Annual Plan. Refer to the Fundraising Reportfor more details on our FY 2017-2018 fundraising activity. Our overall increase of 17.8% in operating expenses from FY 2016-2017 is primarily in Salaries and wages, Awards and grants, Donat...
Wikipedia and the many other Wikimedia projects are created by volunteers. How do they fit into the report?
Under U.S. GAAP, general volunteer activity is not reflected in a non-profit's financial statements. As a result, we do not attempt to quantify the value of volunteer contributions or include it as an in-kind donation of services. This is in no way intended to diminish the significance of the volunteers' contributions. The Wikimedia Foundation projects wouldn't exist without the volunteers around the globe and we value their contribution enormously. There is a reference to the work done by ou...
What are the Wikimedia Foundation’s other sources of revenue?
The vast majority of the Foundation’s revenue comes from individual donations. Every year, millions of people from around the world support the Wikimedia projects, mostly in the form of small, individual contributions. We also receive gifts from corporations and foundations, interest and dividends on investments, and "other income,” including revenue from merchandise sales.
What is "in-kind service revenue”?
"In-kind service revenue” includes goods and services that the Wikimedia Foundation would normally pay for, but have been donated to us at no charge, such as bandwidth and hosting services and pro-bono legal services. Further detail is available in the Footnotes to the Financial Statements under Non-cash Contributions (Note 1.(l)).
What is "other income, net”?
"Other income, net" for the Foundation consists primarily of revenue from merchandise sales and rebate from our corporate credit card program.
What is "investment income, net"?
"Investment income, net" is primarily interest and dividends earned on the Wikimedia Foundation's cash and investment portfolio. During this audit period, some of the Foundation's cash was invested in certificates of deposit, mortgage backed securities, U.S. Treasury securities, corporate bonds, and stocks.
Original file (1,268 × 1,647 pixels, file size: 4.76 MB, MIME type: application/pdf, 58 pages) Summary IRS Form 990 for Wikimedia Foundation, Inc. for Fiscal year 2017-2018
Our proposed plan for 2017-2018 is a continuation of the Foundation’s work as described in the 2016-2018 interim strategic plan, in which we focus on Reach, Communities, and Knowledge. These were identified as areas that the Foundation is uniquely positioned to address, including readership and reach, volunteer retention and engagement, and ...
Jul 1, 2022 · Annual Report 2022-2023 The humans behind a year of impact around the world All reports Access to all reports of the Wikimedia Foundation 2022-2023 The humans behind a year of impact around the world July 1, 2022 to June 30, 2023 2021-2022 Pillars that inspire July 1, 2021 to June 30, 2022 2020-2021 The people….
The Wikimedia Foundation is a donor-funded, US 501(c)(3) nonprofit organization established in the United States under the US IRS Code Section 501(c)(3). Our tax ID number is 20-0049703. Here, you can read our financial reports and our Form 990s.
Wikimedia Foundation annual plan 2017-18 This page was last edited on 6 October 2023, at 13:10. Text is available under the Creative Commons Attribution-ShareAlike License ; additional terms may apply.
