Quote:
Originally Posted by Robbie
I understand that...BUT, my gripe was this:
I'm just a single person. I went to my doctor and got the standing order and I get the test for $59
As a businessman I know damn well that if you buy in bulk you get huge discounts. That applies for everything.
I doubt very seriously that AIM ever paid as much as $59 (like I do) for that blood test. They were directing hundreds (maybe a thousand) clients to the same lab for testing every month.
No way that they just picked a lab at random for the actual testing. You know goddamn well that they shopped and negotiated.
Without any knowledge of the actual resulting price...I'd bet my bottom dollar that they were getting the testing done for at least half the price of the $59 that I pay.
These testing companies are big business as middlemen. Let's say they do a thousand talents a month at $130 each. And let's assume they are NOT fucking idiots and DO get a bulk discount and pay $30 a test.
That's $100,000 left over after the testing is paid for per month for every 1,000 people tested.
Then you pay a couple of guys to run the database. Let's say you pay them $1,000 a week each. That's a cost of $8,000.
Now you pay the rent for the office space and server, electric, water, etc.
Let's say that's $5,000 a month.
Now you've still got $83,000 left.
But you're a "non-profit". So what do you do?
You do what all "non-profit" organizations do. You pay the owners of the "non-profit" a giant fucking salary and perks so that at the end of the month the actual company ledgers read "zero".
These people aren't doing this out of the goodness of their hearts. They are making a damn good living off of this.
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A "non-profit" legally only has to pay out 10% of what it takes in to the cause.. Most "non-profits" are doing just that and like you said paying out the bulk in salaries and mostly to the masterminds behind it. There's huge tax advantages behind it and why all rich folk such as Bill Gates do their so called philanthropy.