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1. Embed this notice
   Nicol Wistreich (nicol@social.coop)'s status on Saturday, 28-Sep-2024 14:35:15 JST Nicol Wistreich

   The #SocialWebFoundation launches into an ecosystem where transparent budgeting thru #OpenCollective has become normalised. Bringing together everyone from Meta and Automattic to Mastodon and Pixelfed in New Thing might gain more trust if there was similar transparency about who was paying in what, and what was being paid out (or to declare an intention to do that) because it shows the interests of partners.

   For eg #socialcoop’s fully transparent budget & balance sheet: https://opencollective.com/socialcoop.

   • Embed this notice
     Evan Prodromou (evan@cosocial.ca)'s status on Saturday, 28-Sep-2024 14:35:10 JST Evan Prodromou

     in reply to

     @nicol great question! As a 501(c)3 I think we have to file a form 990, which is a pretty complete financial disclosure.

   • Embed this notice
     Evan Prodromou (evan@cosocial.ca)'s status on Sunday, 29-Sep-2024 00:58:40 JST Evan Prodromou

     in reply to

     @nicol I believe it's public.

   • Embed this notice
     Nicol Wistreich (nicol@social.coop)'s status on Sunday, 29-Sep-2024 00:58:41 JST Nicol Wistreich

     in reply to

     • Evan Prodromou

     @evan thanks! I know very little about how 501cs are administered - but is the 990 just for the IRS or is it published somewhere? In the UK there’s the Charity Register which makes public some financial info: https://www.gov.uk/find-charity-information