Annual Report for 2018 and 2019
noyb has started at the turn of 2017 to 2018 with a bold vision: to establish a European non-profit that works on strategic litigation to ensure that the GDPR is upheld. We started with a concept, a website and a crowdfunding tool. Within two months we managed to get thousands of "supporters" that allowed us to start with basic funding at €250.000 per year.
For most of the first two years we were busy setting up our team, our office and our processes, but the first actions were already on the way. A first overview can be seen in our first (bi-)annual report for 2018 and 2019 combined: What projects did we work on? How many supporting members support our cause? And what other sources of income does noyb have and what do we do with these funds? You can find answers to these questions and many more interesting facts in our Annual Report for 2018 and 2019.
Revised Funding Aim: ⅔ by Supporting Members
In our initial set-up phase, we were aiming for at least € 250.000, but ideally €500.000 as a recurring annual budget - which we were able to achieve to about 85% with the help of more than 3,700 supporting members but also some institutional funders, sponsorships and alike. We have so far displayed how close we got to this aim on our website. This excluded (rather unpredictable) individual donations, which often filled the gap to our actual expenses.
We aim to be a financially healthy, independent and stable organization, as many of our cases take years and we need to fund a professional team in the long term. Our new aim is therefore to cover two thirds of our running costs by recurring individual supporting members. This excludes institutional members and individual donations, but ensures long-term financial stability and independence. For 2020 we budgeted roughly €680.000 to pay for our staff, rent, legal and project costs and regular expenditures. We therefore changed the counter on our webpage to this two-thirds aim, which we have so far achieved to 69%. The rest of our budget for 2020 will be covered by individual donations and institutional funding.
As our budget will be calculated on a more flexible approach, the percentage on our webpage may fluctuate more in the future.
