Nwhysel: Preserving text from original wording; policy removed cap on local event profit and kept all amounts at the 10/90 split

2015-01-15T22:48:12Z

Preserving text from original wording; policy removed cap on local event profit and kept all amounts at the 10/90 split

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Per board vote on September 26, 2014, I changed the following text to indicate that the profit sharing split for regional events was changed to 10/90 Foundation/Chapter with no cap, beginning in 2015.

Local host chapters will share in OWASP event profits under the following schedule. In the case of multiple host chapters, the host chapters will be responsible for determining the division before the event. Policy Document
Global AppSec Conference - 10% of event profits up to Profit Goal set in annual Foundation Budget($10,000 for multi-chapter events), 40 % of event profits in excess of Profit Goal. No profit cap.
Local and Regional Events - 90% of event profits up to $5,000 USD, 40% of event profits in excess of $5,000 USD. No profit cap.

Talk:Global Conferences Committee/Policies - Revision history

Nwhysel: Preserving text from original wording; policy removed cap on local event profit and kept all amounts at the 10/90 split