By Kenneth Sequeira
January 17, 2018
No comments yet
It was only in December 2016 when ERPNext Foundation was established to overlook the running of ERPNext as a community driven product. Just over a year later, the Foundation has successfully crossed its target goal of raising $50,000
Kudos to ERPNext community! 🎊 🎊 🎊 🎉🎉🎉
Foundation Financial Statement
Here are the quarter-wise insights into the finances of the ERPNext foundation so far.
||Apr 17 - Jun 17
||Jul17 - Sep 17
||Oct 17 - Dec 17
||Jan 18 (till 17/1)
|Net Profit / Loss
Income and Expense Statement of the ERPNext Foundation in USD
As you can see, our earnings have increased over time, so have the incurred expenses. One of the major spending areas in the last year has been the ERPNext Conference 2017 and hiring of new employees.
The foundation has also proposed to spend $2000 monthly
on adding features requested by the community into the product.
An Insight Into Our Memberships
Memberships have been the only way of raising funds for the Foundation so far. Here is the breakup of memberships based on membership plans.
||No. of Members
|Gold - $5000
|Silver - $2000
|Individual - $200
Following is the country-wise break up of the same.
|Memberships from each Country
||The United States of America
||Germany, United Arab Emirates, Saudi Arabia, Canada, Singapore
||Spain, Indonesia, Switzerland, France
||Mexico, Vietnam, Nigeria, Argentina, China, Australia, Taiwan, Egypt, Italy, Netherland, United Kingdom, Philippines
The Road Ahead
The ERPNext foundation will soon be able to accept donations in India. The Foundation is currently in the process of applying for an 80G Certificate so that the donations made to the organisation are tax exempted.