Why does an organization with about 50 employees need 4 C-level executives, totalling about 2M compensation per year? Or perhaps it's 7 C-level executives (3 hiding under the "Software developer" title) totalling about 3,7M compensation per year?
I'm absolutely not donating money to such a thing without an answer to this question. As a counterpoint, I am a member of a local (Finnish) non-profit organization, one of whose many services is Matrix. This costs me 40 euros per year and none of that money goes to C-level executives.
it's possible to run this from, let's say, Andalusia, and hire competent folks for a fraction of this.
And from the link: https://projects.propublica.org/nonprofits/organizations/824...
- Other Salaries and Wages $9,665,761 - Executive Compensation $744,037
So about $10,400,000 a year in compensation and wages, or about 21% of their running costs.
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.
I'm sure there are some costs that they could theoretically cut without consequence. Because the same holds for any other product I buy.
What you mean with pay to compete? The goal of Signal to exist is to offer a privacy oriented chat app. Non-profit companies serve a propose, and people not aligned with that, shouldn't be working there in the first place. If you join a non-profit to make money, you are doing it wrong.
Signal foundation is a non-profit 501(c)(3). It is literally and legally a charity.
> talented leaders.
In Bay Area? I'm quite sure you get great people all around the World, or in USA, by much less.
We are talking about C*, Engineer Manager, getting almost 700k/year. Not developers.
In fact, I would consider it transphobic to not call out organizations with ulterior motives.
One just have to get over the feeling that I'm donating to a charity of people who make 50x more money than I do with a comparable skill set.
It's also how and why long ago they tried to outsource a lot of engineering. They still do try. But that's not an easy transition either.
Non-profit simply means that every bit of revenue made goes back into the company instead of given out to shareholders. Which includes paying your labor.
It being a non-profit is exactly why we can view the operating expenses and salaries of the public facing executives. For accountability.
What is the problem of managers of a non-profit company earning around 700k/year and the company is writing blog posts complaining that the the company operation is too expensive? I think if you read it aloud, you will understand it.
But sure. What do you think is a fair salary or totalccomp for a founder and CEO of a popular, privacy focused app?
From a company living from donations... It is illusion (probably a California thing), to think that you are going to compete salary wise with FAANG. The time will tell (well their complaining about money, is already hinting it)...
I don't even work at a FAANG and I was making almost as much as the director there who lists 200k or so total comp. Probably with 20 years less experience to boot. I don't live in SF either; High CoL area but not SF.
That's why I asked you what's a "reasonable" salary. I'm wondering what your POV here is in terms of compensation.