Re:Ben Fry Resigns from the Processing Foundation
by monitron on Tuesday October 03, 2023 @11:44PM
(#37760620)
Out of their $443,020 expenses in 2021, the biggest line item expense was $187,262 for "CONSULTANTS." Their next biggest was $169,383 of merchant processing fees. It will be interesting to see their Form 990 for 2022, which is presumably the "last year" Ben Fry is talking about..
Re:Ben Fry Resigns from the Processing Foundation
by mik3y on Tuesday October 03, 2023 @11:49PM
(#37760646)
Ah, right you are! I completely missed that.
Re:Ben Fry Resigns from the Processing Foundation
by monitron on Wednesday October 04, 2023 @02:17AM
(#37761471)
Itβs easy to miss, the 990 is a maze! I just happened to get lucky β my work had me doing a project on 990 data recently.
Re:Ben Fry Resigns from the Processing Foundation
by didibus on Wednesday October 04, 2023 @02:04AM
(#37761388)
Damn, that's what? Do I need an MBA to understand why they'd need to spend on consultants and merchant processing fees?
Re:Ben Fry Resigns from the Processing Foundation
by rudedogg on Wednesday October 04, 2023 @02:45AM
(#37761672)
The merchant fees are probably just credit card or crypto fees from then accepting donations.
Re:Ben Fry Resigns from the Processing Foundation
by itomato on Wednesday October 04, 2023 @08:05AM
(#37763955)
gas
Re:Ben Fry Resigns from the Processing Foundation
by nameisnttaken on Monday October 09, 2023 @11:57PM
(#37828384)
developers, especially developers that work with a large contributor base on open-source projects, often get paid by non-profits under a consultant label
According to their FY2021 990 filing, they had $442k of "other" expenses.
It seems like they're required to disclose what those expenses are on the Schedule O form if they exceed 10% of all expenses, which they do, but I don't see the expenses enumerated there. (edit: oops, now I see)
I am, err, not a tax professional so I stopped here..