Hello, I'm a bit lost on this, probably because I'm not familiar with US Work laws. Why did Katherine Maher received $623,286 on severance pay? Was she fired?
Best, Paulo Andreas Kolbe <[email protected]> escreveu no dia terça, 9/05/2023 à(s) 22:17: > The information is right there, Lodewijk, all you need to do is click the > link. The Form 990 discloses > <https://upload.wikimedia.org/wikipedia/foundation/1/14/Wikimedia_Foundation_2021_Form_990.pdf#page=49> > that > the WMF paid five executives a combined total of over $1.2 million in > severance pay. About half of this went to Katherine Maher. Individual > severance figures are given on page 50 > <https://upload.wikimedia.org/wikipedia/foundation/1/14/Wikimedia_Foundation_2021_Form_990.pdf#page=50> > : > > - Katherine Maher $623,286 (over 150% of her base compensation in her > last full year) > - Janeen Uzzell $324,748 (over 100% of her base compensation in her > last full year) > - Heather Walls $153,612 > - Lynette Logan $74,645 > - Anthony Negrin $70,920 > > For historical comparison, the severance payment Lila Tretikov got in 2016 > was $262.5K, approx. 77% of her $342K base compensation in 2015, her last > full year. > > So severance payments for top executives seem to be trending up. > > Andreas > > On Tue, May 9, 2023 at 8:56 PM effe iets anders <[email protected]> > wrote: > >> I'm sure someone at the Foundation will have a better response, and you >> may have puzzled this together yourself already, but we've seen in previous >> years that the reported salary went up in the last year of someone's >> service, possibly due to consulting fees and severance packages. Both Maher >> and Uzzell left the Foundation in 2021. Typically the WMF has been cautious >> to give much detail on this though (understandably). >> >> Lodewijk >> >> On Tue, May 9, 2023 at 10:03 AM Andreas Kolbe <[email protected]> wrote: >> >>> Dear all, >>> >>> Page 49 of the new Form 990 (2021) shows the following total >>> compensation figures for former CEO Katherine Maher and Janeen Uzzell in >>> that year: >>> >>> *$798,632 and $515,553 *respectively. Both figures far exceed all prior >>> records. >>> >>> >>> https://upload.wikimedia.org/wikipedia/foundation/1/14/Wikimedia_Foundation_2021_Form_990.pdf#page=49 >>> >>> The Form 990 now shows a total of *six* executives whose total >>> compensation exceeded *$400,000*. >>> >>> For comparison, the Form 990 for the year before (2020) showed a total >>> of *eight* executives whose total compensation exceeded *$300,000*: >>> >>> >>> https://upload.wikimedia.org/wikipedia/foundation/e/e4/Wikimedia_Foundation_2020_Form_990.pdf#page=48 >>> >>> These are interesting developments. >>> >>> Andreas >>> >>> >>> On Tue, May 9, 2023 at 4:25 PM Nataliia Tymkiv <[email protected]> >>> wrote: >>> >>>> Dear all, >>>> >>>> Today, the Wikimedia Foundation published the Form 990 [1], an >>>> informational tax form required annually of all nonprofit organisations >>>> based in the US. The Form 990 provides a financial overview of the >>>> Foundation, including the balance sheet, revenue and expenses, as well as >>>> grantmaking, governance, and other financial policies. It also includes >>>> compensation information required for senior executives. This document is >>>> reviewed by the Board each year before it is published on the Foundation >>>> website. >>>> >>>> Because of reporting periods, the Form 990 provides a look back at the >>>> activities and budget for the Foundation in prior years. This year’s Form >>>> 990 covers last fiscal year (July 2021-June 2022), and for compensation >>>> related reporting, it covers the 2021 calendar year. Because the Form 990 >>>> is a tax document with a complicated format, this year the Foundation >>>> has also published a Diff post [2] that provides an overview of the >>>> different sections of the form; an executive summary [3] of the Form, and >>>> an FAQ on Meta [4]. >>>> >>>> This year’s Form 990 contains several key takeaways: >>>> >>>> >>>> - >>>> >>>> Growth in support of Wikimedia projects: In the 2021-2022 fiscal >>>> year, the Foundation invested 77% in Program Services, an increase of 4 >>>> percentage points as compared to fiscal year 2020–2021 of 73%. This >>>> measure >>>> reflects how much of the organisation’s expenses are allocated towards >>>> the >>>> programs and services that it exists to deliver. This surpasses >>>> third-party >>>> standards for how much nonprofit organisations should spend on programs, >>>> which should be the majority of their budget (more than 65% according to >>>> the Better Business Bureau). >>>> - >>>> >>>> Increase in community grants: During fiscal year 2021-2022, the >>>> Foundation’s revenue received through donations and grants, totaled >>>> $164.2 >>>> million, a roughly $9 million increase from the prior fiscal year. The >>>> Foundation increased its grants programme by 50%, from $10.1M in the >>>> prior >>>> fiscal year to $15.2M in fiscal year 2021-2022. >>>> - >>>> >>>> Comprehensive governance policies: The Foundation follows a number >>>> of best practices for governance as an established nonprofit >>>> organisation. >>>> The Form 990 includes a section confirming written policies regarding >>>> our >>>> approach to conflicts of interest >>>> >>>> <https://foundation.wikimedia.org/wiki/Policy:Conflict_of_interest_policy>, >>>> protecting whistleblowers >>>> <https://foundation.wikimedia.org/wiki/Policy:Whistleblower_policy>, >>>> guidelines for data retention >>>> <https://foundation.wikimedia.org/wiki/Legal:Data_retention_guidelines> >>>> and governance practices, including those related to the Foundation's >>>> Board >>>> structure, voting rights, and independence. These governance policies >>>> and >>>> practices have helped the Foundation to receive the highest rating from >>>> sites like Charity Navigator >>>> <https://www.charitynavigator.org/ein/200049703>. >>>> - >>>> >>>> Leadership Transition: This year’s Form 990 also reports on a >>>> period of significant leadership transition at the Wikimedia Foundation, >>>> including the CEO stepping down. The Form includes compensation >>>> information >>>> as well as severance disclosures for Foundation executives who departed >>>> in >>>> 2021. This January, the Wikimedia Foundation introduced a new >>>> standardised >>>> severance policy, which was shared in a Diff post [5]. Separation >>>> payments to two additional executives that precede the implementation of >>>> this standardised policy will be disclosed in future Form 990s. >>>> >>>> >>>> Finally, the Form 990 is one of several documents that the Foundation >>>> publishes each year, to provide more visibility into the budget and how the >>>> Foundation allocates resources towards its work. In addition to the Form >>>> 990, you can find additional information in this year’s Annual Plan >>>> <https://meta.wikimedia.org/wiki/Wikimedia_Foundation_Annual_Plan/2023-2024>, >>>> in the Foundation’s Annual Report >>>> <https://wikimediafoundation.org/about/annualreport/2022-annual-report/>, >>>> and in a series of Diff posts about the Foundation’s compensation >>>> practices >>>> <https://diff.wikimedia.org/2023/02/17/wikimedia-foundation-remote-first-and-global-community-of-staff/>, >>>> global guidelines >>>> <https://diff.wikimedia.org/2023/04/06/wikimedia-foundation-global-guidelines-policies-practices/>, >>>> and our approach to hiring >>>> <https://diff.wikimedia.org/2023/05/03/building-a-global-staff-community-at-the-wikimedia-foundation/> >>>> . >>>> >>>> The Community Affairs Committee of the Board will host its regular Open >>>> Conversation with Trustees >>>> <https://meta.wikimedia.org/wiki/Wikimedia_Foundation_Community_Affairs_Committee/2023-05-18_Conversation_with_Trustees> >>>> next Thursday May 18 at 1800 UTC where this topic will be on the agenda >>>> along with a final opportunity for feedback on the Foundation’s Annual >>>> Plan. Questions about the Form 990 are invited on the talk page on Meta >>>> <https://meta.wikimedia.org/w/index.php?title=Talk:IRS_tax_related_information/2021_Wikimedia_Foundation_Form_990_Frequently_Asked_Questions&action=edit&redlink=1>. >>>> >>>> >>>> [1] >>>> https://wikimediafoundation.org/about/financial-reports/#a2-2021-2022 >>>> [2] >>>> https://diff.wikimedia.org/2023/05/09/highlights-of-form-990-for-the-wikimedia-foundation/ >>>> [3] >>>> https://meta.wikimedia.org/wiki/IRS_tax_related_information/2021_Wikimedia_Foundation_Form_990_Frequently_Asked_Questions#FY_2021-2022_Form_990:_Executive_Summary >>>> [4] >>>> https://meta.wikimedia.org/wiki/IRS_tax_related_information/2021_Wikimedia_Foundation_Form_990_Frequently_Asked_Questions#Overview >>>> [5] >>>> https://diff.wikimedia.org/2023/04/06/wikimedia-foundation-global-guidelines-policies-practices/ >>>> >>>> Best regards, >>>> antanana / Nataliia Tymkiv >>>> Chair, Wikimedia Foundation Board of Trustees >>>> >>>> *NOTICE: You may have received this message outside of your normal >>>> working hours/days, as I usually can work more as a volunteer during >>>> weekend. You should not feel obligated to answer it during your days off. >>>> Thank you in advance!* >>>> >>>> _______________________________________________ >>>> Wikimedia-l mailing list -- [email protected], >>>> guidelines at: https://meta.wikimedia.org/wiki/Mailing_lists/Guidelines >>>> and https://meta.wikimedia.org/wiki/Wikimedia-l >>>> Public archives at >>>> https://lists.wikimedia.org/hyperkitty/list/[email protected]/message/LUM4FS6ABPG4TBUFF6QHYJD3FT36W2AU/ >>>> To unsubscribe send an email to [email protected] >>> >>> _______________________________________________ >>> Wikimedia-l mailing list -- [email protected], guidelines >>> at: https://meta.wikimedia.org/wiki/Mailing_lists/Guidelines and >>> https://meta.wikimedia.org/wiki/Wikimedia-l >>> Public archives at >>> https://lists.wikimedia.org/hyperkitty/list/[email protected]/message/YB3QIEPJM43ZAKNMOGRV3ONYK6STKY2H/ >>> To unsubscribe send an email to [email protected] >> >> _______________________________________________ >> Wikimedia-l mailing list -- [email protected], guidelines >> at: https://meta.wikimedia.org/wiki/Mailing_lists/Guidelines and >> https://meta.wikimedia.org/wiki/Wikimedia-l >> Public archives at >> https://lists.wikimedia.org/hyperkitty/list/[email protected]/message/TDLWFERUGSG5CR7VL5OEIU2RDKYLFQHQ/ >> To unsubscribe send an email to [email protected] > > _______________________________________________ > Wikimedia-l mailing list -- [email protected], guidelines > at: https://meta.wikimedia.org/wiki/Mailing_lists/Guidelines and > https://meta.wikimedia.org/wiki/Wikimedia-l > Public archives at > https://lists.wikimedia.org/hyperkitty/list/[email protected]/message/OOXHXVY7MO4CZIUSF3VZHIL3OGTQQD6Z/ > To unsubscribe send an email to [email protected]
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