We only profit when you do.
So 20% comes back.
Karsenics is organizing as a Delaware 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 grows
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.
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 compound
Allocations accumulate. First distribution eligibility is your fifth year, then every three years, a stake that grows the longer you stay.
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.
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
Karsenics is organizing as a Delaware Public Benefit Corporation, and we intend to name this commitment in the public benefit purpose stated in our certificate of incorporation when the company is formed. 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
A full year with no completed registrations forfeits the balance built up in your name, and it returns to the fund for the organizations still running events. 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. The fund is how we make sure the people who generate the value share in it.
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