By using words like “revenue” and “impact” instead of “profit”. It’s magic!
For example: “We expect everyone to accept a paltry, below-market wage to better support our mission so we can pay our executive director a ludicrously high salary and ensure our board gets regular fancy dinners have greater impact”
I see you also have never worked for a “non” profit. (this is a joke ha ha)
Being registered as a nonprofit is about tax consequences. That’s all being a 501* means - you can still make money, you just can’t directly take it out either for yourself or shareholders. It’s just classifying profits differently. Technically, in fact, revenue - expenses = profit regardless of how it’s classified or what you end up doing with the excess money.
So… many nonprofits exist to pay certain special people very high salaries under the guise of “doing good” and “having impact”.
Yes I’m being a little obtuse about the word for sheets and geegles. But it’s to make a simple point: Almost all nonprofits exploit their workers by under-paying them in the name of “the cause”. Being a nonprofit and not paying shareholders or a private owner the excess money resulting from revenue-expenses (ie profit) should not exempt an entity from paying it’s workers fairly.
Let me guess, the word “union” would break his brain. Or even worse, a “programmers union”
Proton is a nonprofit.
So? Workers at nonprofits can’t have a union?
They can. But a nonprofit does not have a profit incentive to keep wages low.
Well you’ve never worked for a nonprofit I can see.
So how does a nonprofit increase its profit by keeping wages low?
By using words like “revenue” and “impact” instead of “profit”. It’s magic!
For example: “We expect everyone to accept a paltry, below-market wage to better support our mission so we can
pay our executive director a ludicrously high salary and ensure our board gets regular fancy dinnershave greater impact”Do you know what profit means? Because the motive you’re describing isn’t profit. It’s salary and benefits.
I see you also have never worked for a “non” profit. (this is a joke ha ha)
Being registered as a nonprofit is about tax consequences. That’s all being a 501* means - you can still make money, you just can’t directly take it out either for yourself or shareholders. It’s just classifying profits differently. Technically, in fact, revenue - expenses = profit regardless of how it’s classified or what you end up doing with the excess money.
So… many nonprofits exist to pay certain special people very high salaries under the guise of “doing good” and “having impact”.
Yes I’m being a little obtuse about the word for sheets and geegles. But it’s to make a simple point: Almost all nonprofits exploit their workers by under-paying them in the name of “the cause”. Being a nonprofit and not paying shareholders or a private owner the excess money resulting from revenue-expenses (ie profit) should not exempt an entity from paying it’s workers fairly.