Just days before Three Rings’ 10th Birthday Conference, an Extraordinary General Meeting of the company formally agreed upon a not-for-profit stance to guide us into as we move into the second decade of online rota management.
We’ve always believed that, as long as we could afford to keep the company going, Three Rings should be more concerned with providing what its clients needed than with the size of its bank balance. This move, announced by Ruth in her closing session at the conference, helps to enshrine that philosophy. There’s still a little way to go in terms of updating our paperwork and company Articles, but the policy has been agreed upon and came into force on the 12th of November, 2012.
From now on, in any year that Three Rings makes a profit, we’ll distribute our money accordingly:
The 75% of profits that are re-invested in the company will help us to grow the system, expand our users and improve our own internal processes to help keep us at the top of our game.
The 5% of profits given to open-source projects recognise our debt to the Open Source community which creates many of the trusted, powerful tools and languages that make Three Rings such a stable and affordable choice for so many organisations around the world.
The 20% of profits given to charities reflects and re-affirms our commitment to supporting the work of volunteers and charities.
We’ve always said that we’re building Three Rings to help people rather than to make ourselves rich, and we meant it. It’s great to know we’re going to be able to do even more good in the future.