I've Actually Incorporated a Not-For-Profit 501(C)3
So, even though I am not a lawyer, have SOME knowledge in the matter.
How the bloody hell does not violate the self-dealing provisions that are present both in IRS tax codes for non-profits, and the state laws for non-profits?
It is ABUNDANTLY clear that ICANN insiders, and probably PIR and ISOC insiders as well, are deriving personal benefit from this, and that is illegal.
Call your Congressman and demand an inquiry.