Absolutely. A former student of mine worked for a non profit in Afghanistan (his home country) for a few years. Said non profit was flying in McKinsey consultants for very short gigs at six figures (USD).
Same can be said about many LGBT non profits that have shifted their goals in the developed world on the "T" part of the acronym. On countries where marriage equality is a given, no one is going to fund an NGO focused on gay marriage... so they need a new cause to fight for.
Profit or non-profit is not about paying market rates. Even non-profits have to pay reasonably competitive salaries to attract and retain good employees.
> 501(c)(3) tax-exemptions apply to entities that are organized and operated exclusively for religious, charitable, scientific, literary or educational purposes, for testing for public safety, to foster national or international amateur sports competition, or for the prevention of cruelty to children or animals.
Signal foundation is a non-profit 501(c)(3). It is literally and legally a charity.
It is for a non-profit asking for donations. If they want half a mill salaries, they should become for-profit instead.
The beauty of non profits is everyone thinks they're staffed with saints, when the truth is far less beatific.
Absolutely. A former student of mine worked for a non profit in Afghanistan (his home country) for a few years. Said non profit was flying in McKinsey consultants for very short gigs at six figures (USD).
Same can be said about many LGBT non profits that have shifted their goals in the developed world on the "T" part of the acronym. On countries where marriage equality is a given, no one is going to fund an NGO focused on gay marriage... so they need a new cause to fight for.
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Profit or non-profit is not about paying market rates. Even non-profits have to pay reasonably competitive salaries to attract and retain good employees.
Yeah but half of these should be competitive enough. Come on.
Competitive is just fine and even expected, but competitive vs FAANG? Seriously?
we ought to be well past this, if they want to be donation based they need efficiency.
it's possible to run this from, let's say, Andalusia, and hire competent folks for a fraction of this.
For a nonprofit?
A nonprofit doesn't mean it's a charity.
> 501(c)(3) tax-exemptions apply to entities that are organized and operated exclusively for religious, charitable, scientific, literary or educational purposes, for testing for public safety, to foster national or international amateur sports competition, or for the prevention of cruelty to children or animals.
Signal foundation is a non-profit 501(c)(3). It is literally and legally a charity.
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A nonprofit asking for donations because of <good cause>? What is the definition of a charity then?