Karsenics is a Delaware Public Benefit Corporation. In every profitable year, we set aside 20% of our net profit for the nonprofit and civic organizations on the platform — pro-rated by the registrations each one generates. The communities that create the value share in it.
No fine print buried in a footer. Here is exactly how value flows back to the organizations on the platform.
Exhibitors and parade contingents pay a flat per-registration fee at checkout. Your organization pays nothing to use the platform.
After each fiscal year ends, we finalize the numbers. The fund is funded only in years Karsenics is net profitable, calculated after founder compensation.
In a profitable year, 20% of net profit goes into the fund, divided across organizations and pro-rated by completed, non-refunded registrations.
Allocations accumulate for your organization year over year, rather than going out as small checks. First distribution comes after your fifth year, then every three years.
In profitable years, 20% of our net profit — after founder compensation — funds the program.
Your allocation is pro-rated by the completed, non-refunded registrations your events generate. More activity, larger share.
Allocations accumulate. First distribution eligibility is your fifth year, then every three years — a stake that grows the longer you stay.
The fund is funded only when Karsenics is net profitable. In a year without profit, there's no allocation — and we'll say so plainly.
The platform and the fund are for nonprofit and civic organizations only. No corporate or for-profit events.
As a Public Benefit Corporation, returning value to the communities that generate it isn't a promotion — it's part of our charter.
Suppose a profitable year puts $40,000 into the fund, and your events generated 8% of all completed registrations that year. Your organization is allocated $3,200 — accumulating toward your next distribution.
Illustrative only. Actual amounts depend on Karsenics' profitability and total registration volume, and are never guaranteed.
The platform costs your organization nothing. The fund is how we make sure the people who generate the value share in it.
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