Tag: Finance Reports

Earlier in the year, the Organization for Transformative Works (OTW) published its 2018 budget. With the end of the year drawing closer, we’d like to release an update on our financial activity for the remainder of the year, and how our plans have altered or progressed.

Our Finance team continues to track the OTW’s financial activity, prepare financial statements and reports, and ensure compliance with accounting standards and regulations. We’ve worked to improve and document our processes, help the OTW plan its financial future, and are close to concluding the annual audit of our 2017 financial statements.

Without further ado, here’s our updated budget for 2018 (download the budget spreadsheet for more information): Read More

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): Read More

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

Read More