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Typically endowment, programmatic expenses, and operational overhead are the big three. You might also see a reserve (emergency) fund or a capital campaign. If

Typically endowment, programmatic expenses, and operational overhead are the big three. You might also see a reserve (emergency) fund or a capital campaign. If you a interested, in the details of any given 501c3 look for the tax form “990”. It’s where the 501c3 report income, governance, and expenditure out to the IRS. Any nonprofit worth their salt will have a copy published on their website. They typically run 2, 3 years behind the calendar year, so right now expect 2017. Example 990: https://www.icann.org/en/system/files/files/icann-fy-2017-form-990-15may18-en.pdf https://www.icann.org/en/system/files/files/icann-fy-2017-fo...

jrochkind1 7y ago
It's described in that article as "a deal to acquire the 501c3 non-profit" -- won't the 501c3 no longer exist independently after being acquired by a for-profit? So it won't have any endowments or capital campaigns, and won't file any 990s anymore. Googling in general, it seems that when 501-c-3's cease to exist, any assets they had end up being donated to some other existing 501c3, as decided by the 501c3 board. (I am sure some amount of bonuses to salaried staff can also happen, but probably not a significant proportion of a $1 billion acquisition price, without seeming illegal). $1 billion is a pretty big number. Still curious where $1 billion paid to acquire PIR will end up going. Obviously existing 990s for past fiscal years from PIR won't tell us that (even less so existing 990s from ICANN, which I don't think is involved in ownership of PIR or a party to the transaction at all?).
- fanf2 7y ago
  I believe the money is supposed to go to the Internet Society, which uses it to pay for things like the RFC Editor
- neurostimulant 7y ago
  Wikipedia has an interesting tidbit: > In November 2019, the Public Interest Registry (PIR) was sold by its initial owner, the Internet Society, to investment firm Ethos Capital for an undisclosed amount. The PIR also announced it would abandon its non-profit status to become a B Corporation. So, it seem like they plan to forgo their nonprofit status to became a for-profit company? https://en.wikipedia.org/wiki/.org https://en.wikipedia.org/wiki/.org
  - jrochkind1 7y ago
    Oh my. So maybe someone's gonna get really rich from that $1 billion? Honestly it just sounds sketchier and sketchier.

jrochkind1 7y ago

It's described in that article as "a deal to acquire the 501c3 non-profit" -- won't the 501c3 no longer exist independently after being acquired by a for-profit? So it won't have any endowments or capital campaigns, and won't file any 990s anymore. Googling in general, it seems that when 501-c-3's cease to exist, any assets they had end up being donated to some other existing 501c3, as decided by the 501c3 board. (I am sure some amount of bonuses to salaried staff can also happen, but probably not a significant proportion of a $1 billion acquisition price, without seeming illegal). $1 billion is a pretty big number. Still curious where $1 billion paid to acquire PIR will end up going. Obviously existing 990s for past fiscal years from PIR won't tell us that (even less so existing 990s from ICANN, which I don't think is involved in ownership of PIR or a party to the transaction at all?).

fanf2 7y ago
I believe the money is supposed to go to the Internet Society, which uses it to pay for things like the RFC Editor
neurostimulant 7y ago
Wikipedia has an interesting tidbit: > In November 2019, the Public Interest Registry (PIR) was sold by its initial owner, the Internet Society, to investment firm Ethos Capital for an undisclosed amount. The PIR also announced it would abandon its non-profit status to become a B Corporation. So, it seem like they plan to forgo their nonprofit status to became a for-profit company? https://en.wikipedia.org/wiki/.org https://en.wikipedia.org/wiki/.org
- jrochkind1 7y ago
  Oh my. So maybe someone's gonna get really rich from that $1 billion? Honestly it just sounds sketchier and sketchier.