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 Are you basically describing a Project Manager or Product Owner who is also in charge of pay?  
 No, while the entity could hire those, they would not be managers because the entity wouldnt have their own projects. Their goal is to double down on other projects out there that are managed independently by those groups.  
 Why is that better than individuals giving directly to other individual devs who write code for the projects they like? 
What value would this org be able to provide to its members if the tools are already open source?