Financial Report

The GNOME Foundation fiscal year 2017 ran from October 1st, 2016 to September 30th, 2017. Foreign currencies are converted to USD.

Income

The Advisory Board fees for 2017 include $20000 that were a late payment for 2016. If we reattribute those funds to 2016, there is still an increase of $40000 in Advisory Board fees. This increase more than balances out the slight decrease in corporate sponsorships and donations. In addition, LAS GNOME did not occur in 2017 and funds were not raised for it. GUADEC fundraising was higher this year, which matches the increase in spending.

Expenditures

Expenses for 2017 increased significantly over 2016. Of note was the increase in staff of our Executive Director. The large administration expense includes clearing the books of older invoices that either had previously marked as unpaid or are no longer likely to come in. GUADEC expenditures often are settled within a year or two after the event but may take longer to resolve. The expenditures listed in the 2016 fiscal year for GUADEC includes payments for 2016 and 2017 GUADECs.