JoomlaLeaks

Leaks, Drips, and Spills

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20 May 2013
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I hadn't planned on blogging again now that OSM is not overseen, can appoint its own board members and, in my opinion, is likely to go further downhill. But, as I have been pointing out all along, OSM's failure to be transparent is likely to result in some cover-ups that the community won't be aware of until it is too late to salvage the brand of Joomla. The failure to post monthly financial reports is one example of where things can go wrong quickly without, at least some public oversight. To my knowledge, the Audit Committee has never performed an audit so that only leaves the public to keep some eye on what is happening.  For example, it is 5 months into the year and we have only seen the January financial reports. How much longer till we see another? Who knows?

Update May 22, 2013

Looks like Thomas Hampton was stimulated to publish a few of the financial reports in the last few days since this blog was published. He managed a P&L statement but he only did it for the Month of April, 2013. He also managed a YTD Balance Sheet up to the end of April, 2013. Don't know why OSM doesn't feel the need to be more transparent by publishing not only current montthly period reports but also YTD reports and, oh, by the way, a YTD Budget versus Actual would be a useful report to see each month.

This blog will be short and sweet as I don't really want to go into another long haranguing blog spurt with this group again. But it is only appropriate that I let the community know what I discovered today. For some time I have been eying the New York Charities Bureau site wondering why they didn't post the 2011 CHAR500 and the 990 that OSM had obviously completed. After all they had a copy of the 2011 report posted on the OSM website. So, I figured they must be behind and waited and waited and checked and checked. Nothing. So, on May 12, 2013, I sent this email to the Charities Bureau not really expecting an answer:

17 Mar 2013
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I spent several weeks in the Caribbean towards the end of February and the beginning of March.  Temperatures were in the 80's and I missed several snowfalls at home. While at in Philipsburg, St. Maarten we had a great opportunity to crew a 12 meter racing yacht and re-create the America's Cup regatta. Dennis Conner's America's Cup winning Stars & Stripes, Canada II and True North compete in this regatta.  "Crew members" (about 11 of us and three regular crew) grind a winch… trim a sail… or punch a stop watch for the approximately three hours that the race takes. If you have never been sailing in a 12 meter racing yacht, this is definitely one of the BEST experiences ever. It is also a great life experience about cooperation and communication in business and life in general. You can't decide suddenly not to participate nor can you fail to communicate to the winch grinders or boom winch operator. By the way, I was in True North and came in second - Stars & Stripes first - Canada II third.