When Karsenics has a profitable year,
20% goes back.
Karsenics PBC is a Texas public benefit corporation. In every profitable year, we set aside 20% of our net profit for the nonprofit and community organizations on the platform, pro-rated by the registrations each one generates. The communities that create the value share in it.
How the fund works
No fine print buried in a footer. Here is exactly how value flows back to the organizations on the platform.
You run your events
Exhibitors and parade contingents pay a flat per-registration fee at checkout. Your organization pays nothing to use the platform.
We close the books
After each fiscal year ends, we finalize the numbers. The fund is funded only in years Karsenics is net profitable, calculated after founder compensation.
We set aside 20%
In a profitable year, 20% of net profit goes into the fund, divided across organizations and pro-rated by completed, non-refunded registrations.
Your share accumulates
Allocations accumulate for your organization year over year, rather than going out as small checks. Your first distribution comes after your fifth full year as a client, then after every third year.
The details, stated plainly
Twenty percent
In profitable years, 20% of our net profit, after founder compensation, funds the program.
Earned by activity
Your allocation is pro-rated by the completed, non-refunded registrations your events generate. More activity, larger share.
Built to accumulate
Allocations add up in your name. Your first distribution comes after your fifth full year as a client, then after every third year, and balances under $100 carry forward.
Honest by default
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. A distribution can also be delayed or reduced if paying it would leave Karsenics unable to pay its own bills or keep a reasonable reserve. A delayed amount stays in your name.
Who it's for
The platform and the fund are for nonprofit and community organizations only. No corporate or for-profit events.
Written into who we are
Our certificate of formation states the public benefit Karsenics PBC promotes: strengthening the capacity of nonprofit and civic organizations to serve their communities, including through technology and revenue-sharing programs. The Community Growth Fund is that revenue sharing. The terms of your organization's share are set out in your client agreement.
What counts as profit
Net profit is what is left over once all of that year's bills are paid, founder compensation included. There is nothing clever hidden in the definition.
A statement every year
Each year we send your organization a statement showing what has accumulated in your name and how the number was reached. You do not have to ask for it.
If you step away
If your organization stops using Karsenics, we hold your balance for twelve months. Come back within that time and it is still yours. If you don't, it returns to the fund for the organizations still running events. If your organization dissolves, the balance can go to a successor carrying on your mission. We would rather say that here than bury it.
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.
Free to your organization. Built to give back.
The platform costs your organization nothing to use. The fund is how we make sure the people who generate the value share in it.
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