"RST Engineering" wrote:
Well, sir, since I'm running for the board that will spend all this
largesse, why don't you educate me on the matter.
My numbers show a $20M income from all sources.
My expenses show a $17M outflow (including all EAA
payroll for the whole year).
Net to the EAA is about $3M a year from the flyin.
That's probably about right for the fly-in itself, though their
financials on the public record don't tell you much. Their IRS tax
forms are on guidestar.org, and yes they have had overall net losses
lately. Not alarmingly large, but they no longer have relative cash
like the old days. And nothing like AOPA.
Once seated on the Board, you might see if they look much to the
future beyond the next AirVenture. In a recent Tom P. editorial,
there was a number quoted which suggests membership is in decline, and
kits are approaching 90% of amateur-built completions. With kits,
plus the internet, you no longer need much support at chapter level
like the old days. Interest in classic planes and warbirds will wane,
as younger generations age into hobby-spending. I suspect also that
EAA chapters are increasingly aging, social clubs, and their push for
light sport aircraft if successful may not change that.
Fred F.
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