[gentoo-nfp] Re: [gentoo-project] Questions for Gentoo Council nominees: Gentoo Foundation

[gentoo-nfp] Re: [gentoo-project] Questions for Gentoo Council nominees: Gentoo Foundation

[Michael Everitt]

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On 01/07/19 10:52, Michał Górny wrote:
> On Mon, 2019-07-01 at 10:31 +0100, Roy Bamford wrote:
>> On 2019.07.01 08:50, Michał Górny wrote:
>>> On Sun, 2019-06-30 at 17:55 -0400, Aaron Bauman wrote:
>>>> On Sun, Jun 30, 2019 at 05:54:35PM -0400, Aaron Bauman wrote:
>>>>> On Sat, Jun 29, 2019 at 01:49:58AM +0200, Andreas K. Huettel
>>> wrote:
>>>>>>> Isn't it about time we quit pinning the mistakes of the past
>>> on the
>>>>>>> officers of the present? 
>>>>>> Well, yes. Though, we tried something in the past, it didnt
>>> work, we should do 
>>>>>> it different in the future.
>>>>>>
>>>>>>> From what I understand, the present and recent
>>>>>>> officers have made extraordinary efforts to rectify the
>>> shortcomings of
>>>>>>> previous trustees
>>>>>> And that's great. 
>>>>>>
>>>>>> But are you sure that we should require continuous
>>> "extraordinary efforts" 
>>>>>> from trustees in the future, just to keep things running?
>>>>>>
>>>>>> FWIW, I endorse antarus / Alec for trustee. :)
>>>> No, once fixed, the books will likely be continued to be done by a
>>> full time CPA.
>>>
>>> Wouldn't a dedicated 'full time CPA' be more expensive than an
>>> umbrella
>>> that has a financial team for multiple projects?
>>>
>>> -- 
>>> Best regards,
>>> Michał Górny
>>>
>>>
>> Ah, the nuances of the English language used between two non 
>> native spears. 
>>
>> A 'full time CPA' means that the person does that sort of work full
>> time. It does not mean that he or she works full time for any one
>> client. 
>>
> Yes, I understand that.  However, I still believe that a contract
> initiated between CPA and a single small-ish entity such a Gentoo
> involves more costs than fees taken by umbrella dedicated to multiple
> entities.  Please correct me if I'm wrong.
>
> While I can agree that we need to pay more at the moment due to past
> issues, I also believe that we owe it to our donors that we try not to
> spend most of their money on unnecessary bureaucracy (read: keeping
> a dedicated Foundation if there's an alternative that works for Gentoo).
>
Has anyone got any ball-park figures for the costs of being part of an
umbrella organisation?
And how would this compare to the forecasted costs ongoing for Gentoo
Foundation Inc. or a future non-profit?
What would the tax implications of an umbrella org look like, vs Gentoo
keeping these in-house?


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