Announcement

Collapse
No announcement yet.

KDE Again Operated At A Loss During 2023

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • #41
    Originally posted by anda_skoa View Post

    Valve most likely either contributes directly, e.g. having employees working on KDE, or through an engineering company, e.g. Blue Systems.
    That's exactly right. Their financial contribution to KDE in a general sense is huge, it just doesn't go directly through KDE e.V.

    Comment


    • #42
      Where are all the kde fanboys when they need their money?

      Comment


      • #43
        Originally posted by ngraham View Post

        The large reserve is due to enormous one-time donations made years ago (prior to that, KDE e.V's cashflow and reserves were both pretty minuscule) that German government regulators didn't like to see; we had to spend it down to avoid the risk of looking like we were stockpiling money; German nonprofit regulations are significantly stricter than American ones are. Current fundraising efforts are aimed to make current intentional spending levels financially sustainable over time.
        I am willing to help out the cause, I will fly out to Germany and help you spend all that cash Gnome style.

        Comment


        • #44
          Originally posted by sophisticles View Post
          Can someone explain to me 2 things:

          1) How do they spend more money than they take in? Where is the extra 118k coming from? There must be more to the story.

          2) How do they have a tax liability? Are they not registered as a charity? If not they need to get the NFL's lawyers, the NFL up until 2015 was a 501(c)(6) organization​, meaning it was designated as a charity and paid zero taxes.

          Look into it Nate, I'm sure there are some legal shenanigans you can use to avoid taxes.
          They can spend than they received in this particular tax year, because:
          1) they may have had cash reserves from previous years
          2) they may have taken a loan from the bank

          Non-profit charity in Germany have to pay taxes when, for example, they employ someone, then payroll will include salary and a tax, to the contractor, a lawyer, or employee. Also, they may need to pay municipality taxes on buildings, and various taxes and VAT on services they provide and so on. These taxes may be independent of the fact that they registered a loss in the entire tax year.
          Last edited by piorunz; 07 September 2024, 08:27 PM.

          Comment


          • #45
            Originally posted by MorrisS. View Post
            If the Profit and Loss Account is negative why they pay taxes?
            Because that's how the german Vereinsrecht is and if you do to much wrong, your Non-profit status is gone very fast, as seen with mastodon.

            Comment


            • #46
              Originally posted by lumks View Post

              Because that's how the german Vereinsrecht is and if you do to much wrong, your Non-profit status is gone very fast, as seen with mastodon.
              taxes are payed on the income. If the income is 0 or less on what taxes are payed?

              Comment


              • #47
                Originally posted by MorrisS. View Post

                taxes are payed on the income. If the income is 0 or less on what taxes are payed?
                Only income tax is paid on income. There are lots of other forms of taxes, and regulations that a non-profit might be exempt from.

                Comment

                Working...
                X