In-depth founder interviews, MRR journeys and post-mortems, with the real numbers.
180 posts
No 2025 Form 990 exists, so every public source stops at 2024. FPF's own audited statements go further, and they show an operating deficit 17.5 times the reported bottom line, a treasury moved wholesale into securities, a $15.6M board-designated reserve the Form 990 cannot show, and $2,307,257 of crypto.
Ushahidi Inc reported $532,372 of total revenue in 2024 against $1,905,295 of expenses. A January 2026 amended return restated 2023 revenue from $318,982 to $851,385 and disclosed $317,804 of officer pay the original return reported as zero. Read from the filed IRS XML.
A composite founder diary at 83K MRR. Delaware's 2025 amendment narrowed what a stockholder can demand under Section 220, but subsection (d) still lets a director reach other corporate records, with the burden of proof on the company.
Network Time Foundation reported $339,941 of revenue in 2025 and net assets of minus $579,872. The filed Form 990, Schedule L and the foundation's own accounts, read line by line.
The Plone Foundation took $67,747 in 2025 and spent $75,027. Its balance sheet says $3,209,298, but 93.48% of that is one line called Software Code, valued in 2009 on the Plone 3.3 code base. A line-by-line read of the filed Form 990, reconciled to the cent against the Foundation's own ledger.
A composite founder diary at 82K MRR. When a payment order names one person and numbers another, the receiving bank may pay on the number and need not check the name. The escape the statute gives a non bank originator is deleted by a signature, and the right to chase the stranger follows the loss.
A composite founder diary at 81K MRR. When a software vendor files Chapter 11, rejection is a breach and not a cancellation, so the license survives. But electing to retain rights under Section 365(n) keeps them while expressly excluding specific performance, requires all royalty payments to continue, and waives both setoff and the Section 503(b) claim.
The AlmaLinux OS Foundation filed $250,051 of revenue for 2025 with zero employees and 143 volunteers. Advertising was 70.48% of spending. The $2.9M figure doing the rounds is wrong by 11.60x.
The OWASP Foundation reported $4,340,593 of revenue in FY2024, up 35.40%, turning a $244,324 deficit into a $735,916 surplus. Its own board-approved budgets then plan deficits of $72,294.81 for FY2025 and $247,834.11 for FY2026. Reading the return against the audit, the budgets and Schedule A shows seven published answers spanning a factor of 1,248.
OASIS Open reported $4,632,683 of revenue in FY2024, up 40.40%, swinging a $616,017 deficit into a $415,595 surplus. Its own combined statements put FY2025 at $4,058,470, a year the IRS has no return for. Reading them against the filed 990 shows most of the money is not OASIS's.
A composite founder diary. I had never touched the 401(k) money, which my administrator offered as comfort. ERISA section 412 requires a fidelity bond of at least 10 percent of funds handled, re-fixed at the beginning of every plan year, and its unlawful acts limb also catches whoever permits an unbonded person to handle funds. My bond had not been re-fixed in two years.
