Your calculations are right, but i think I mis communicated my figures. I meant the $1000 was from a total value of $1333 the author receiving $1000

In any case, I just do not support the idea of someone taking other people's work, even with permission, and giving themselves a translation job under the pretence of serving community building interests. Let alone the fact that it's a straight up money grab and the scheme was designed so that the lions share of the reward goes to the translator.