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annual_report [2016/03/27 15:31] – ['Prelude' Budget Questions] Carlos Pedrazaannual_report [2019/01/28 05:39] (current) – Carlos Pedraza
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 {{TOC}} {{TOC}}
 ====== Annual Report ====== ====== Annual Report ======
 +<wrap lo>//See also: [[analysis_reply|Axanar Response to Annual Report Analysis]]//</wrap>
  
-On December 15, 2015, producer [[Alec Peters]] issued a revised **Annual Report,** a 23-page document to its donors, outlining the [[Axanar Productions]]' finances covering the //[[Prelude to Axanar]]// and //[[Axanar]]// [[crowdfunding platforms|Kickstarter campaigns]].+<WRAP> 
 +//**__ __**// <wrap lo>**By [[user>cpedraza|Carlos Pedraza]]**</wrap> 
 +</WRAP>
  
 +On [[http://www.axanarproductions.com/revised-axanar-annual-report-released/|December 15, 2015]], producer [[Alec Peters]] issued a revised **Annual Report,** a 23-page document to donors, outlining the [[Axanar Productions]]' finances covering the //[[Prelude to Axanar]]// and //[[Axanar]]// [[crowdfunding platforms|Kickstarter campaigns]].
 ===== Contents ===== ===== Contents =====
-<WRAP right round download 50%> +{{page>analysis box}}
-**DOWNLOAD** the Axanar Annual Report, 2015, Revised. {{:axanar-annual-report-v2.pdf|2.1 MB PDF}} +
-</WRAP>+
  
 The report includes: The report includes:
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 ==== Openness and Transparency ==== ==== Openness and Transparency ====
-<WRAP right box 50%> 
-//**__‘What vested interest does a non-donor have in our finances?’__**// — //Axanar Producer Alec Peters// 
-</WRAP> 
- 
 Upon the report's release, Peters praised its demonstration of Axanar's openness and transparency: Upon the report's release, Peters praised its demonstration of Axanar's openness and transparency:
 +
 +<WRAP right round download 320px>
 +<fs smaller>**DOWNLOAD** the Axanar Annual Report, 2015, Revised. {{:axanar-annual-report-v2.pdf|2.1 MB PDF}}</fs>
 +</WRAP>
  
 > There are many Star Trek fan films that are raising 6-figure amounts.  But none show you exactly where that money is going.  None gives you daily updates or visibility into the operations as Axanar does.  This is our commitment to you.(([[http://www.axanarproductions.com/revised-axanar-annual-report-released/|Axanar blog, Alec Peters: Revised Axanar Annual Report Released!]], 12/15/15.)) > There are many Star Trek fan films that are raising 6-figure amounts.  But none show you exactly where that money is going.  None gives you daily updates or visibility into the operations as Axanar does.  This is our commitment to you.(([[http://www.axanarproductions.com/revised-axanar-annual-report-released/|Axanar blog, Alec Peters: Revised Axanar Annual Report Released!]], 12/15/15.))
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 <WRAP tip> <WRAP tip>
-=== A Pattern of Obfuscation? ===+<WRAP>//**__Editor’s Note__**//</WRAP>
 [{{ :annual-report.jpg?nolink&200|**AXANAR**'s 2015 Annual Report.}}] [{{ :annual-report.jpg?nolink&200|**AXANAR**'s 2015 Annual Report.}}]
 +=== A Pattern of Obfuscation? ===
 <wrap lo>**REPORTS LIKE** Axanar's are not required by the [[crowdfunding platforms]]. Peters admirably chose to release this Annual Report in the interests of "financial accountability and transparency in the world of crowd-funded projects."(([[http://www.axanarproductions.com/revised-axanar-annual-report-released/|Axanar blog, Alec Peters: Revised Axanar Annual Report Released!]], 12/15/15.)) \\ <wrap lo>**REPORTS LIKE** Axanar's are not required by the [[crowdfunding platforms]]. Peters admirably chose to release this Annual Report in the interests of "financial accountability and transparency in the world of crowd-funded projects."(([[http://www.axanarproductions.com/revised-axanar-annual-report-released/|Axanar blog, Alec Peters: Revised Axanar Annual Report Released!]], 12/15/15.)) \\
 \\ \\
-While the report does indeed contain a great deal of information, analyzing presented various challenges. One spreadsheet, for example, was a bitmap graphic with entries organized chronologically.((Axanar Annual Report, 2015, Revised, pp. 5-6.)) The information had to be re-entered into a new spreadsheet, then categorized and sorted in more meaningful ways. The document even lacked page numbers. \\ +While the report does indeed contain a great deal of information, analyzing presented various challenges. One spreadsheet, for example, was a bitmap graphic with entries organized chronologically.((Axanar Annual Report, 2015, Revised, pp. 5-6.)) The information had to be re-entered into a new spreadsheet, then categorized and sorted in more meaningful ways. The document even lacked page numbers. </wrap> 
-\\ + 
-**SIGNIFICANTLY, THOUGH**, was how salary data was obscured. Few job positions are specified, some employees' wages are bundled together with non-personnel costs, expenses are sometimes vaguely described, requiring additional research to discover they were actually personnel-related. Also, it's not clear whether other personnel were inappropriately paid as independent contractors instead of employees, a common problem among independent film productions. \\ +<WRAP right box 210px> 
-\\ +{{ ::mike-bawden.jpg?nolink|}}<wrap lo> **AXANAR RESPONSE** Spokesman **Mike Bawden** [[Analysis Reply|responds]] to the findings of **AxaMonitor**'s analysis of the Annual Report.</wrap>
-Once the data were transcribed, coded, sorted and analyzed, a pattern of possible problems emerged, from unreported salaries to ballooning costs and repeated deficit spending. They are noted below in the 'budget questions' charts for Axanar's two Kickstarter campaigns, and are presented here in the interest of seeking greater openness and transparency from Axanar Productions. +
-<WRAP rightalign>//— Carlos Pedraza,// \\ +
-**AxaMonitor** //editor//</WRAP></wrap>+
 </WRAP> </WRAP>
 +
 +<wrap lo>**SIGNIFICANT, THOUGH**, was how salary data was obscured. Few job positions are specified, some employees' wages are bundled together with non-personnel costs, expenses are sometimes vaguely described, requiring additional research to discover they were actually personnel-related. Also, it's not clear whether other personnel were inappropriately paid as independent contractors instead of employees, a common problem among independent film productions. \\
 +\\
 +Once the data were transcribed, coded, sorted and analyzed, a pattern of possible problems emerged, from unreported salaries to ballooning costs and repeated deficit spending. They are noted below as 'questioned costs' in charts for Axanar's two Kickstarter campaigns, and are presented here in the interest of seeking greater openness and transparency from Axanar Productions.
 +<WRAP centeralign>//— Carlos Pedraza,// \\
 +**AxaMonitor** //editor//</WRAP></wrap></WRAP>
 +
 ===== Deficits ===== ===== Deficits =====
  
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 † Deficit covered by [[axanar_indiegogo_details|Axanar Indiegogo]] campaign.</wrap> || † Deficit covered by [[axanar_indiegogo_details|Axanar Indiegogo]] campaign.</wrap> ||
  
-[{{ ::prelude-spreadsheets-1.jpg?direct&300|**ABOVE** The spreadsheet at top is from the images on pages 5-6 of Axanar's Annual Report. **BELOW** The spreadsheet is from AxaMonitor's Excel analysis of spending on Prelude. //Click image to view full size.//}}]+[{{ ::prelude-spreadsheets-1.jpg?direct&225|**ABOVE** The spreadsheet at top is from the images on pages 5-6 of Axanar's Annual Report. **BELOW** The spreadsheet is from AxaMonitor's Excel analysis of spending on Prelude. //Click image to view full size.//}}]
 ===== 'Prelude' Spending ===== ===== 'Prelude' Spending =====
 <wrap lo>//See also: [[Prelude Kickstarter details]]//</wrap> <wrap lo>//See also: [[Prelude Kickstarter details]]//</wrap>
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 | Entertainment |  716 | | Entertainment |  716 |
 | Equipment |  4,158 | | Equipment |  4,158 |
-| Loss & Damage |  2,450 |+| Loss & Damage((Director of photography [[imdb>name/nm2010725/|Milton Santiago]] [[face>groups/CBSvsAxanar/permalink/1183562961655072/?comment_id=1183622228315812&reply_comment_id=1184118514932850&comment_tracking=%7B%22tn%22%3A%22R%22%7D|explains damage]] to the dolly on the //Prelude// set, 3/27/16.)) |  2,450 |
 | Makeup |  7,440 | | Makeup |  7,440 |
 | Marketing |  7,416 | | Marketing |  7,416 |
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 ^  Item No.  ^ Description ^  Amount ^ <wrap em>Questioned Costs</wrap> | ^  Item No.  ^ Description ^  Amount ^ <wrap em>Questioned Costs</wrap> |
 |                 3 | Insurance    |  $198 | Was this the total expenditure for production insurance? | |                 3 | Insurance    |  $198 | Was this the total expenditure for production insurance? |
-|              28 | Stripe Deposit(s) |  22,826 | Stripe collects and process all payments for projects hosted on Kickstarter, starting in 2015.(([[http://techcrunch.com/2015/01/06/kickstarter-drops-amazon-payments-for-stripe/e|TechCrunch: Kickstarter Drops Amazon Payments For Stripe]], Sarah Perez, 1/6/15.)) However, the report does not explain this, requiring additional research to determine. |+|              28 | Stripe Deposit(s) |  22,826 | <wrap hi> **UPDATE** Stripe collects and process all payments for projects hosted on Kickstarter, starting in 2015</wrap>.(([[http://techcrunch.com/2015/01/06/kickstarter-drops-amazon-payments-for-stripe/e|TechCrunch: Kickstarter Drops Amazon Payments For Stripe]], Sarah Perez, 1/6/15.)) However, the report does not explain this, requiring additional research to determine. |
 |  106-109 | • Anderson Live Media \\ • Robert Romero \\ • The Film Group \\ • Camadeus Film |  6,003 | These vendors are not identified, so the expenses are not attributed to any budget categories. They make up 5 percent of the //Prelude// expenditures. | |  106-109 | • Anderson Live Media \\ • Robert Romero \\ • The Film Group \\ • Camadeus Film |  6,003 | These vendors are not identified, so the expenses are not attributed to any budget categories. They make up 5 percent of the //Prelude// expenditures. |
 | | **//Personnel// ** || | | **//Personnel// ** ||
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 ==== 'Axanar' Budget Questions ==== ==== 'Axanar' Budget Questions ====
-<WRAP right round box 50%>//**__‘54 percent of the salary total is unaccounted for in terms of personnel names, services, or tax liability.’__**//</WRAP>+<WRAP right round box 50%>//**__« 54 percent of the salary total is unaccounted for in terms of personnel names, services, or tax liability. »__**//</WRAP>
  
 The following charts detail questions arising out of spending from Axanar's Kickstarter campaign. The following charts detail questions arising out of spending from Axanar's Kickstarter campaign.
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 ===== Plans for 2016 ===== ===== Plans for 2016 =====
 {{page>change in character}} {{page>change in character}}
- 
  
 ---- ----
-**Keywords** {{tag>crowdfunding commercial}} +<wrap right>**Keywords** {{tag>commercial crowdfunding defendants fact_check}}</wrap>