Home »Forum»Open mic at the Blue Iguana »Wikiloops 2015 - annual transparency report

wikiloops 2015 - annual transparency report

posted on #1
User Avatar
Founder
Posts: 2227
Joined: 30.12.10
So here it is again, the annual open report about the wikiloops development & funding situation.

This report has been good practise to stay in touch & keep things transparent to all members and supporters,
and you can find the [url=http://www.wikiloops.com/forum/viewthread.php?thread_id=713]previous years reports[/url] around as well.

There are a few things intended by letting people look into the backstage situation of wikiloops, which I'd like to mention prior to offering the 2015 numbers:
- interested individuals who wonder why we ask for support should be able to make an informed judgement about this project
- supporters of wikiloops get to know what happened with their money
- "we collaborate, you are invited!" is the core message of wikiloops, and we apply this concept to running the plattform itself as well, instead of turning wikiloops into a sure-win-sneaky-deal business along the lines of "you collaborate, we get rich".
Projects like the wikipedia proove amazing things can be done with the help of many, and it remains an open quest if wikiloops can be led a similar path in the long run.
This report is about chapter five of this adventure, the quest goes on, you are invited :)

posted on #2
User Avatar
Moderator
Posts: 592
Joined: 27.09.14
I read the report, and I can only say a big thank you!!!! And I will keep donating as much as I can.
posted on #3
User Avatar Supporter
Posts: 356
Joined: 25.03.12
One thing that startles me that the costs for tax accounting and banking fees are very high. Together over 2000 euros
Pure fingerstyle
posted on #4
User Avatar
Moderator
Posts: 510
Joined: 07.01.13
giant step yessss ! hopefully next year will be even better :)
thanks for the wonderful work Dick !
clusters Clusters CLUSTERS !!!!!!
posted on #5
User Avatar Supporter
Posts: 106
Joined: 26.07.12
Thank you very much Dick. We all should know that we have to participate with a few $$$ to keep this wonderful adventure to go on.
:o
posted on #6
Member
Posts: 113
Joined: 31.03.15
Great presentation Dick, this was entertaining and very interesting data. Pleased to see you came within 200 Euros of not losing any money! That's great. Wikiloops is getting better all the time and I think the next report will show green.
posted on #7
User Avatar Supporter
Posts: 91
Joined: 18.01.11
danke danke danke und schön das ich dich kenne und sagen kann: das ist ein guter freund von mir

ganz liebe grüße
Lothar
posted on #8
User Avatar Supporter
Posts: 53
Joined: 16.07.15
Thank you Dick for Wikiloops and all the work you do here.
Informative report.
posted on #9
User Avatar Supporter
Posts: 42
Joined: 08.07.15
I can never thank you enough for all your wonderful work Dick!
Hi! I'm Alice ..Nice To Meet You!
Don't forget to be happy today!
posted on #10
User Avatar Member
Posts: 990
Joined: 16.10.11
Seems to be catching on that everyone should donate to help keep this wonderful site alive. Come on wikiloopers donate donate donate. Thanks Dick
posted on #11
User Avatar Member
Posts: 30
Joined: 20.03.16
I can only applaud such transparency and of course the amount of hours put into this website! I've seen differently and I've left some because of lack of interest in the community on their website.. It fills my heart withjoy to see things can be different! Wikiloops is a great example of this!

I'm not a supporting member yet but will surely become one as soon as I can! Thumbs up for all the work!
"You'll Stumble In My Footsteps" - Depeche Mode
"I always listen to what people are not saying"
posted on #12
Member
Posts: 9
Joined: 23.10.16
nilton wrote:
One thing that startles me that the costs for tax accounting and banking fees are very high. Together over 2000 euros


Surprise me too. US not so bad after all;)
https://www.sympat.me/facts-banking-money-germany/
posted on #13
User Avatar
Founder
Posts: 2227
Joined: 30.12.10
Naw, the bank's fees are not the main issue here, joe, the german bank maybe takes 5% of the stated sum, 50% are spent on the tax accountant which one definetly needs to stay out of trouble and the rest goes to paypal (an US company as far as I recon), which also likes to take quite high fees on any transaction, especially on small ones.
If people donate one buck, all that really arrives at the loops are about 45Cent after paypal fees and VAT, the ratio gets a lot better on higher amounts, but they charge big time for such micropayments lower than 5$.
The tax accountant works for roundabout 60USD an hour, and the german government does require international acting companies like the wikiloops media UG to file the very same kind of tax report as it applies to companies like mercedes benz.
This may seem ridiculous, but there's just no way to avoid that if one doesn't feel like moving the business to Panama.
If you would see the shelf full of paperwork that the whole wiki business has created in five years, you'd probably agree its money well spent to have someone take care of that.
"Sorry - had to do it!" - Les Claypool

yes, you are looking at the administrators signature.
wikiloops online jamsessions are brought to you with friendly support by:
TommyDarko from United States

"I love WikiLoops because I can collab with other musicians. I also love to jam out to great indie tracks-most are better than today's hits! "

Please note: As you are visiting wikiloops, any personal data that is being processed is treated in compliance to the European General Data Protection Regulation.
You may review our data privacy policy to learn how and why we are using Cookies and other techniques as we are providing our service to you.