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…)

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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OTW Budget Banner

OTW Finance: 2017 Budget

2016 was a busy year for the OTW’s Finance team, and we’re hard at work improving the organization’s bookkeeping and financial policies. Budgeting is another area where we’ve improved in the past few months—especially with regards to collaborating with our various teams to project their likely expenses and accounting for unexpected changes.

Without further ado, here’s our budget for 2017 (download the budget spreadsheet for more detailed information):

(more…)