[Chapter-delegates] Profit and Loss

[Hank Nussbacher]

On 17/09/2024 21:25, Frederic Taes via Chapter-delegates wrote:
>
> From Internet Society strategic plan, MANRS is/was a key window to 
> promote Internet Society and to convert yearly 5 MANRS members to 
> become ISOC organizational members, bringing money to us.  This has 
> been stopped now: Global Cyber Alliance took all the work and 
> knowledge of ISOC, they completely removed ISOC visibility from 
> www.manrs.org <http://www.manrs.org>. While some organizations would 
> have requested big amount of money for this transfer, it’s the 
> opposite that happened : ISOC not received but gave 5,250,000 USD to 
> them 
> (https://www.isocfoundation.org/project/manrs-initiative-succession/). 
> What’s the rationale of the business case?
>
Based on GCA's financial reporting in 2022, their total income was $4.2M 
(for 24 employees):

https://www.guidestar.org/profile/shared/850a59ad-25ec-4ff5-9a46-1aaa3db6ca2a

So receiving an additional $1M/yr for the next 5 years (2024-2028) is 
indeed awesome.


If you wish to explore further I suggest reading the 2022 90 page 990 
financial report for the Internet Society:

https://www.internetsociety.org/wp-content/uploads/2023/11/Internet-Society-2022-Form-990.pdf

as well as the Internet Foundation 2021 990 financial report (63 pages):

https://www.isocfoundation.org/wp-content/uploads/2022/12/INTERNET-SOCIETY-FOUNDATION_TAX-RETURN_CLIENT-990PD_2021.pdf


Regards,

Hank