Would have guessed 

 I shouldn’t be surprised but I really thought these guys were different smh 

 Especially Alex.. 

 He makes more than the average engineer and way more than the average American 

 What should he make? Should it be decided by cost of living in his city/town? 

 He should be compensated but not over $200k that’s unreasonable 😂 

 I’m guessing it’s a calculated percentage based on the total donations they collect.
Don’t want to judge without knowing all that they do and the value they bring but yeah, non profits are quite profitable for those in place 

 Sounds more like a business with a salary position instead of a charity 

 But we can’t discount what they’re doing 

 Where do you draw the line? If the president is making over 300k per year? Half a million? At what point do you say this is excessive? 

 I can’t say without knowing all that they’re doing, and whether if that’s an acceptable value.
This is likely normal acceptable C-levels salaries in big sized private businesses 

 But if I were to consider donating I’d want further clarification 

 Same. I don’t think we will get any clarification though. 

 Yeah I’ve not seen him respond to us normies much on soc media  

 We’re not normies. The normies don’t read their tax documents or even ask these questions haha 

 https://media.tenor.com/mBYnyygdr-AAAAAC/iguess-nonoyes.gif
 

 I wanna say HRF is a net good overall even if they’re skimming 5-10% more than they should… But it’s definitely worth spotlighting 

 Even if that were true (I don’t think it is), how long until they get greedy and corrupt? The incentives are fucked up. 

 Great point. Should be addressed now 

 Must be nice lmfao 

 This nonprofit is quite profitable 

 Over spending other people's money on yourself sure happens a lot 

 Sounds very fiat 

 Yes, yes it does. 

 Exact same dynamic with taxes. When the money comes in cheap it’s too tempting for management or politicians to pay themselves well above market value. 

 nevent1qvzqqqqqqypzpvfnhlzhhmtpcwgaf68e2wusd3l3wzwy8rv3ca0mdkhhj3ya27yaqydhwumn8ghj7argv4nx7un9wd6zumn0wd68yvfwvdhk6tcprfmhxue69uhhyetvv9ujuumgd96xvmmjvdjjummwv5hsqgx36kf0ajksyd7tm2hq7rduyzmdqgs2zh2m4rs0kaam5ffkzyxxz5cv8uaa 

 Keep giving your corn to people that dont need it. You just keep paying for their lifestyle. 
nostr:nevent1qqszqar5l5e93f4aq3g0pg4y98uh0h60gpxd6zkky5pxc0yrwuenzdqpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsygz97x2ull9ce9eyalpy3uzs0ghmvk6hnhatulxn2wv9nqtre2mkyupsgqqqqqqsqqf73q 

 MUH democracy crowd haha 

 Check your financial privilege bro 

 Putin bad 🤣 

 Putin bad, he rigs elections. We need freedom and better democracy. We need to fairly choose the parasites that extort and abuse us 🫡 

 That’s a lot of money. Do you know how much money they get in donations in a year? 

 34 million in net assets for the year 2022. 

Source: page 2
https://hrf.org/annual_reports/2022-form-990/ 

 Every year is different but 2021 looks like they had 21 million so in 2022 they got an additional 13 million I’m guessing? 

  https://i.nostr.build/NbXcu5ZDM9UukMX0.jpg  

  https://image.nostr.build/2a3a708741c527a6e9a0f79e9148eaa39c8a3b77e33c77aa40846325156e2cbe.jpg  

 Does it say if they get a big raise every year? 

 Idk I’m not trying to read 50 pages of fiat lawyer speak lol but even if it did say that, it’s still egregious. 

 It’s definitely like a big company salaries. Their only source of revenue is donations right? 

 I believe so. It’s a charity after all. 

 You are correct they should work for free! 

indebted to their serveitude for the greater good of all humans.

#ThankFulGladsteinBitcoins 

 😂 

 Strawman. Never said they should work for free but this is clearly excessive. 

 What's reasonable? 

 Average American salary is 60k. I’d say 85k is reasonable. A six figure salary is really pushing it though. Making $120k+ is around what engineers make. Making over 200k and 300k is crazy. 

 because that's how Not For Profits and NGOs work. They are virtue signalling money makers not common good focused. 
Set up a foundation for "charity" raking in 6 figures plus all discounts on taxes. Kerry Kennedy makes half a million annually off the RFK foundation alone.  Meghan Markle makes untold thousands off their Archewell Foundation  

 Oh I’m aware I’ve looked at plenty of nonprofit tax forms. But I thought this one would be more ethical. 

 I literally know not one. maybe we need btc charities...  

 Look at the form 990 for open sats and the Bitcoin policy institute 

 They still can’t afford a decent house in LA if one parent works… 

 Neither can the people who they’re supposed to be helping. If they want a luxurious lifestyle in LA, then they should maybe start an actual business. 

 If you want bad employees pay nothing. If you want good employees who are effective be prepared to pay. 

 Pay over $200k? Are you retarded? 

 No, that is not all that much money for an entire family to live off of in a large city. The pay is in line with standard executive compensation for a mid sized organization of $30,000,000 annually. Listen… with an estimated $300,000,000 in play over 10 years, you desperately need good leadership. Poor leadership and execution means that money gets squandered and is not effective. Good leadership ensures maximum and effective impact. If you get some incompetent leadership in there, you aren’t even going to be able to raise money much less execute. If you take a look, they have a lot on their plate. I don’t know what the obsession is with insisting everyone who’s making the world better live in squalor. 

 Strawman. I never said he has to live in squalor. The salaries are excessive, it doesn’t matter where you live. Not everyone should live beachside and if you chose a career in humanitarian aid then you shouldn’t expect to afford such luxuries. You don’t need to live in LA. But that doesn’t mean you should be poor. You’re describing HRF like it’s a for profit business instead of a charity. Money should be going toward helping people not funding luxurious salaries. 

 Depending on the job. It usually takes at least $200k to get good experienced software engineers in the US (in latin america it's around $60k+). I'm talking from experience of hiring multiple engineers recently.

Honestly the HRF numbers don't surprise/outrage me, but your mileage may vary.  

 It surprises me because they are NOT engineers lmao 

 They’re doing more than engineers hidden somewhere on an org chart with a manager above them. You’re looking at people leading the entire operation. 

 It’s not a business man smh there are people running nonprofits taking minimal or no salary. Not saying they shouldn’t get paid but a lot of people would be upset if they knew how much of their money was paying these luxurious salaries. 

 HRF is based in NY and Alex, who you’re calling out here by name, is based in SF. $228k is NOT luxurious in SF. That’s condo money, not house money. I obviously don’t know his home life, but if he’s raising a family that’s barely enough unless he has another spouse/partner also working.

People running nonprofits taking no salary are either: 1. Not doing it full-time or 2. Have family money and do not need to work. Locking people out of working in the nonprofit world because they don’t have a trust fund is regressive.

There are plenty of small nonprofits that have great intentions but do not have much impact. HRF has $30,000,000 a year and, you must concede, has impact and donors who expect results. Nonprofits of this scale have full-time employees who need money to support their families. It’s not unheard of for a Chief Strategy Officer in the for profit world making half a million or more in total compensation in Silicon Valley. 

If you don’t agree with his compensation, talk to the donors. Or talk to him. They’re both engaging in voluntary acts. 

 I called out everyone but he’s the only one on nostr. They made much less in 2020 and 2021 but still managed to live in New York 🤡 

You’re strawmanning me again. I never said anything about trust funds.

I did try to talk to them. I tagged Alex and HRF but got no response. 

 This very much depends on where you live. If you live in NYC, LA or SF, then this is less than what average software engineers get especially if you count equity that software engineers in big corpos often get as part of their comp. 
You can confirm this on https://www.glassdoor.com/

E.g. with the money that  @gladstein is getting after 40% taxes, you can reasonably rent a decent 2-3 bedroom ($5k/m), get a car, have some money to travel, etc, but if you would want to own a place or if you need to take care of your dependents, then it becomes harder (without additional income) 

 

 Or you could live in a place that is more affordable 

 True. The paychecks are "normal" for the most expensive places I mentioned, otherwise you could definitely go cheaper. 

Since the information is public I think anyone can make their decision on whether the value that HRF (and their employees) provides matches their compensation. Value for value. If you believe they should be compensated less, then don't donate to/via HRF.  (use things like geyser.fund instead ;) ) 

 I agree with that. I made this post just to spread awareness so people can make better informed decisions. The number of nonprofits that pay high salaries like these is very disappointing. 

 Overall based on 2022 HRF pays $3M in salaries, has $34M in assets, spends $8M on education and grants, spends $9M on investments.

I may be misunderstanding on some of the specifics, but the details are in: https://hrf.org/annual_reports/2022-audited-financial-statements/ 

 Grift much?!? 😆 

 Me or HRF? lol 

 HRF 

 It seems we can’t have nice things 😂 

 The more 501c s bring in the higher the board member salaries 

 Sounds like a for profit business built off rent seeking 

 To be honest, I think they deserve >100k for their massive impact, but maybe that could be even more transparent to donors. 

 I think you can argue that case. But over 200k and 300k is crazy. The incentives just get messy and it opens the door for corruption. 

 The financial reports are literally uploaded on a big tab on the HRF website............ https://hrf.org/about/annual-reports/