On 31 Jan 2009 22:15:05 GMT, Jim Beckman
wrote:


Hi again Jim,

I'm starting to lose track of which club is which, but you seem to be
raising this amount of capital with around 80 or so members?


Basically you are correct - we pay all our expenses from the fees of
the members.
In total we have about 170 members (In Germany we have so-called
"passive" members who are members of the club without having any
benefits - they pay 5 Euro per month which can be regarded as a
donation).


This is the
kind of thing that we always seem unable to do, even though we have
something close to your membership numbers. Was this all paid for out of
yearly flying fees?

Yes.

I suppose the advantages of owning and controlling
your own field makes up for not upgrading your fleet for those years. On
the other hand, I suppose your club is paying taxes on the property now?

In Germany clubs have a huge advantage: They do not need to pay taxes
for property - so we don't have tro pay any taxes for the airfield,
either. A huge help.

But things sound brighter than they a At the moment we are trying
to find the best way to pay for a new hangar (our current one is 45
years old and needs replacement in the next five years). Got 200.000
Euros to spare?


I'd be most interested to see the calculation (income vs expenses) of
a typical US club - to be honest, I cannot really imagine where all
the -huge to me- fees of the members go to.