It looks like the internet archive is needed assistance, I just heard about this today and figured lemmy could help spread this message around

  • @ulternoEnglish
    2•5 months ago

    Same question here. How can they be profitable if they are a registered non-profit?

    Is it somehow possible to pay employees exorbitant salaries, similar to Mozilla’s CEO?

    • @delirious_owl@discuss.online
      6•5 months ago

      Non profit doesn’t mean revenue can’t exceed expenses. It means that the org can’t be owned by investors, and the org can’t pay dividends.

      • @ulternoEnglish
        0•5 months ago

        Interesting. And there really is nothing stopping someone in control from getting themselves a huge portion of it, while laying off staff?

        That seems like a huge flaw that someone with the required people skills (read, social engineering) can exploit.

        Anti Commercial-AI license

        • @delirious_owl@discuss.online
          3•5 months ago

          Thats not a violation of being a nonprofit. If someone does work, they should get paid for their work.

          The point of a nonprofit is to prevent folks who don’t work from stealing the org’s cash. Really, this is the baseline for any ethical org. All for-profit companies should just straight-up be illegal to form.

        • 𝓔𝓶𝓶𝓲𝓮
          2•5 months ago

          Of course, it happens all the time with many non profit orgs. They even pest you and call people for donations. You didn’t know?

          My grandma is pestered daily from some organisations that ‚help poor kids’ or whatever. Pretty lucrative business.

          Some even get public money and are connected to politicans that sometimes launder public money through them, seemingly with no consequences.

          Legitimate ones will never whore for cash with spam emails or calls and won’t be connected to government. All the rest are just get rich schemes.

          You have to do proper, thorough research before you donate money to some kids helping org or similar. Else you will just fund someone’s Porsche.

            • 𝓔𝓶𝓶𝓲𝓮
              1•5 months ago

              Yeah well if they call/mail you specifically getting your contact from some leak database you can safely mark them as scam. As great number of them are.

              Similarly you wouldn’t give money to beggars in the street because you know most of them aren’t in need of help but make money like this, scamming ppl while those that really need help are helped by various legit orgs you give money to instead.

              Those scummy orgs are like these beggars manipulating you into pity. It’s very powerful manipulation mechanism and very often works. My grandma was scammed like this many times before we persuaded her to not send money to random people. Instead you should sit down, browse the list of legit orgs and choose one/few to support once a year/month with some amount.

              Or you can just pay taxes if in a country with robust, developed social welfare system and enjoy.