Organization for Transformative Works: 2018 budget

OTW Finance: 2018 Budget

2017 was another busy and productive year for the OTW’s Finance team! We’ve continued to improve the efficiency of the organization’s financial policies and adherence to standard accounting practices. We started our first ever audit of financial statements, which concluded in early 2018. You can check out our audited financial statements for 2015 and 2016 on the OTW Finance page. We’re now preparing for the audit of our 2017 financial statements, which should start within a few weeks.

Without further ado, here’s our budget for 2018 (download the budget spreadsheet for more detailed information): (more…)

5 Things an OTW Volunteer Said

Five Things Nikki Bird Said

Every month or so the OTW will be doing a Q&A with one of its volunteers about their experiences in the organization. The posts express each volunteer’s personal views and do not necessarily reflect the views of the OTW or constitute OTW policy. Today’s post is with Nikki Bird, who volunteers as a staffer in our Finance Committee.

How does what you do as a volunteer fit into what the OTW does?

I am part of the Finance Committee, which handles the money things for OTW. We are responsible for the bookkeeping of the organization, as well as tax preparation, budgeting, and any other fun and exciting financial related matters that come up. Basically, we make sure a lot of the administrative stuff is taken care of for the OTW to keep running.

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OTW Budget Banner

OTW Finance: 2017 Budget Update

Earlier this year, the Organization for Transformative Works (OTW) published its budget for 2017. As December draws closer, we’d like to give you an update on our financial outlook for the rest of the year, and how our plans have progressed or changed since a few months ago.

Our Finance team is currently preparing for the OTW’s first audit of financial statements, in what we expect will become a regular annual process going forward. Given the size of our organization and our donors’ generosity, it’s important for us to make sure that our bookkeeping and internal controls are as efficient and thorough as they can be. We’re very grateful to have the stability and revenue required for this undertaking. Thanks to our donors for making this possible!

2017 Expenses

Expenses by program: Archive of Our Own: 72.2%. Open Doors: 0.5%. Transformative Works and Cultures: 1.1%. Fanlore: 1.8%. Legal Advocacy: 0.5% Con Outreach: 0.7%. Admin: 14.5%. Fundraising: 8.7%.

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