Today (December 14, 2011), the New York Charities Bureau published the Open Source Matters 2010 tax filings on their website. OSM filed both a CHAR500 and an IRS 990. The date these were received by the New York Attorney General's Charities Bureau was November 15, 2011. In the November 15, 2011 board meeting minutes:
a. CHAR500 (Ryan)
Ryan confirms that our 2010 CHAR500 NY filing has been submitted on time.
Yet, according to the New York Charities Bureau FAQs:
Q: When are Annual Filings due?A: Filing due dates depend on an organization's registration type (see following question for more information on registration types). Article 7-A and Dual registrants are required to file within 4.5 months after the end of their fiscal year. EPTL registrants are required to file within 6 months after the end of their fiscal year.
So our quick look at the published financial reports raised questions aboout whether the OSM Board and the rest of the Joomla! Leadership teams have actually been seeing accurate financial reports as described recently by Jaques Rentzke "... I can confirm that the OSM auto-generated un-audiited financial reports are shared weekly with the OSM list,..." It appears that the question I raised about why they show $2,000 per month from Demo Site hosting which indicates that the demo site is not exceeding the basic minimum number of subscribers may have hit a nerve. It has been confirmed by the Demo Site operators that they are doing significantly over the minimum subscribers which means that they are paying more then the $2,000 per month that shows up in the current financial reports. Yet, where is the money? One source indicates that the amount paid monthly is now $8,000. I don't know how many months that amount might have been paid but let's assume 6 months just for the sake of discussion. Then the missing amount would be in the neighborhood of $36,000 more or less depending upon the accuracy of the source and the number of months of payment. According to the Treasurer they will change the total at the end of the year. That is not how you do accounting - especially accrual accounting which is what OSM is on. If he didn't actually receive the money it should show up in his Accounts Receivable.