2012 Five Year Plan/First draft/Counterproposal

This is a counter-proposal to Jon's draft five year plan. Please feel free to edit it and discuss it on the talk page. --Tango (talk) 17:04, 12 April 2012 (UTC)

Wikimedia UK's vision, mission, values and priorities are:

Vision

Free knowledge for all

Mission

Wikimedia UK’s mission is to help people and organisations build and preserve open knowledge to share and use freely.

Values

1. To value the contribution of volunteers
2. To encourage, involve and engage volunteers
3. To recognise that the contribution of volunteers is central to the activity of the organisation
4. To be transparent and open
5. To promote the value of free and open licences
6. To have respectful and professional working relationships internally and externally
7. To promote an open approach to learning and knowledge

Priorities

Our top priorities over the next five years are:

1. Financial stability and sustainability
2. A large and engaged membership
3. Strong and transparent governance
4. Large scale member-led activities in GLAM and education

1. Financial stability and sustainability

Wikimedia UK is a young and rapidly growing charity. At the moment, we are reliant almost entirely on the WMF annual fundraiser for our operating funds. We do not consider this to be a sustainable situation, since it involves a significant concentration of risk. We therefore need to diversify our revenue.

Currently, our financial planning involves an annual budget, which includes a small reserve for contingencies during and after that year. We fundraise to meet that budget with very little thought more than one year ahead. To ensure financial stability, we need a longer term outlook with our finances. The introduction of recurring donations, via direct debits, at the last fundraiser was a good first step in that direction, but we need to go further.

Targets

[TODO: Fill in the X's below]

By 31 January 2014:

1. Have no more than 85% of our revenue coming from the WMF annual fundraiser (recurring donations set up during WMF annual fundraisers), or any other single source (currently X%)
2. Have at least 50% of our WMF annual fundraiser revenue be from recurring donations (currently X%)
3. Have a reserve sufficient to cover 6 months of full spending beyond the next financial year (current X months)

By 31 January 2016:

1. Have no more than 70% of our revenue coming from the WMF annual fundraiser, or any other single source
2. Have at least 70% of our WMF annual fundraiser revenue be from recurring donations, including at least 30% from recurring donations set up in previous fundraisers
3. Have a reserve sufficient to cover one year of full spending beyond the next financial year

By 31 January 2018:

1. Have started an endowment fund with invest returns equal to at least 5% of our annual budget.