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Occupy Wall Street Releases First Financial Report

Monday, October 31, 2011

ows donations Pete Dutro collects money from the donation boxes throughout Zuccotti Park in October. (Arun Venugopal/WNYC)

In a bid to remain transparent as it amasses hundreds of thousands of dollars in donations, Occupy Wall Street released its first financial report Monday. The report, compiled by the OWS Finance working group, covers revenues and expenses from September 16 through October 18, during which time the protest raised $454,437.47 in donations.

The majority of those donations, $333,199.95, came in through checks and credit card donations made online. The balance, $121.237.52, was comprised of cash donations made at a variety of lock-boxes scattered across Zuccotti Park.

Pete Dutro, a member of the finance working group, noted that expenses for the period totaled $55,131.85. The largest expense was $20,407.81, for communications and computer equipment used to broadcast the protest to the world.

"They bought a couple of teradeks," Dutro said. "They bought cameras, microphones, cables, so that they can properly produce their live streaming. And that was an expense that was well worth it. I think it's already paid us dividends, in the way of getting our message out there, getting people aware of what's going on."

The protesters also spent $18,985.80 in food, although that figure does not include all the pizza and cookies that have been donated since the occupation began on September 17. Another $3,504.98 was used for office supplies and $7,127.05 on generators, tarps, furniture and equipment used to keep the park clean.

Dutro suggested that the next financial report would include some major expenses, including $5,000 for bicycle-powered generators, and possibly $20,000 that the protesters are considering sending to Occupy Oakland, which was raided by police last week.

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Comments [5]

DUTRU LAGRECA SCAMMERS from UK

WHY ARE THESE KIDS STILL COLD, STARVING AND HOMELESS, ECT. THEN????? WHERES THE MONEY!!!!! GIVE THEM SOME!!!!! YOU GUYS ARE EATING GOOD WE KNOW!!!! WARM BEDS!!! NONE FOR THESE KIDS!!! USING THEM, MAKING YOUR SIDE DEALS??? FRIKING CITYBANK ALEC BALDWIN???? WHAT CORRUPT CONARTISTS!!!! CALL THE FEDS ON THESE GUYS!!!

Nov. 20 2011 07:21 AM
Tom P from Fanwood, NJ

With all of the media covering this, I would think that the "broadcasting the message" would be taken care of. I am surprised that it is neccessary to purchase communications equipment.

Nov. 03 2011 09:22 AM
mitchell gold from toronto

OWS presents a unique opportunity to achieve social justice.

Let us be careful as we position ourselves outside of the US politics. They, the left and the right will try and minimize the message.
Social Responsibility for corporations and goverments is a defineable need.
The work is all but done. The ISO 26000 offers guidance through ten questions.

Www.homeplanet.org

Nov. 02 2011 02:25 PM
John from Wisconsin

Keep it up, occupiers!

Nov. 01 2011 09:18 PM
lois and joel debuono from fort lauderdale

bravo occupy wall street from occupy fort lauderdale...we are having a bit of a problem getting it streamlined down here...ft laud is a center of apathy....our last GA we discussed opening our homes to some of you not just to give you some much need respite from the cold but get some valuable input from you...you are the ones responsible for the great changes thatwill be made...i luv new yorkers!!!i thank you on behalf of my grandchildren and the children they will some day have..WOODSTOCK GRANNY from occupy fort lauderdale

Nov. 01 2011 02:45 PM

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