Blackwater(XE) gets 125 million dollar contract

KYS

BBN #1
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Minuteman
Oct 8, 2008
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Lexington, KY
Re: Blackwater(XE) gets 125 million dollar contract

All they did was change their name and move to new AO
 

AXEMAN

General Nuisance
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Sep 17, 2009
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kansas, topeka
Re: Blackwater(XE) gets 125 million dollar contract

kinda like the fly by night telemarketing places huh? we have one here thats been 6 different names, but still solicits donations for police fraternal orgs all over the country. they keep 75% of the money they bring in... remember that when you donate
 

High Binder

Resident Tribologist
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Jun 18, 2008
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Occupied Colorado
Re: Blackwater(XE) gets 125 million dollar contract

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: AXEMAN</div><div class="ubbcode-body"> police fraternal orgs all over the country. they keep 75% of the money they bring in... remember that when you donate </div></div>

A lot (most) charities do this and most are higher int he 80% range, there isn't any real percentage you have to give to a charity you just have to give "something" in order to attain non-profit status. They call whatever % they keep "overhead" but we all know that's code for "in my pocket".
 

AXEMAN

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Sep 17, 2009
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kansas, topeka
Re: Blackwater(XE) gets 125 million dollar contract

the way i see it is that an organization would rather have %25 of something than a higher percentage of nothing. so when someone contacts them and says hey, we will raise money using your name and give you a cut, they say yes. but as a donor, i would have an issue giving $10 to a phone solictor who will keep $7.50 when i can donate to a local organization and they get all $10.

however groups like the cancer society i believe uses alot (if i recall 40 or 60 per cent? i could be wrong) of the money raised during its fund drives to pay the salaries of the board members.
 

High Binder

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Jun 18, 2008
502
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Occupied Colorado
Re: Blackwater(XE) gets 125 million dollar contract

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: AXEMAN</div><div class="ubbcode-body">

however groups like the cancer society i believe uses alot (if i recall 40 or 60 per cent? i could be wrong) of the money raised during its fund drives to pay the salaries of the board members. </div></div>

Agreed, and I think I heard last month somewhere that the Susan B Colman breast cancer org uses in the 80-90 (don't remember exactly but it was in that range) for overhead.