svcta
"Kids these days"-AAflyer
- Joined
- Nov 14, 2004
- Posts
- 1,767
Hey, everyone,
I have a question that maybe someone can lend a little insight on. I would like to get some opinions on setting up a non-profit organization around the airplanes that we operate. We've always got a couple of warbirds at any given point in time. The latest is the t-28 as you know and that one has higher operating costs. I was brainstorming ways to build a maintenance fund and generally help us fund the upkeep of the airplane. Taking a cue from the CAF and EAA I was considering setting up a corporation around the airplanes and trying to get a non-profit status. The end goal being to sell 'sponsorships' for differentl levels of benefit. Hats, shirts, rides, etc. I've got a reasonable level of experience with getting merchandise like that made so that's no sweat. And the airplane has great ramp presence and performs like a mustang, so it's a desireable ride platform.
What is the consensus on this? Are there regularoty ramifications that I'm missing beyond the regular ride selling? The -28 is experimental/exhibition, I know, but would the "membership" status of riders ameliorate that problem?
I have a question that maybe someone can lend a little insight on. I would like to get some opinions on setting up a non-profit organization around the airplanes that we operate. We've always got a couple of warbirds at any given point in time. The latest is the t-28 as you know and that one has higher operating costs. I was brainstorming ways to build a maintenance fund and generally help us fund the upkeep of the airplane. Taking a cue from the CAF and EAA I was considering setting up a corporation around the airplanes and trying to get a non-profit status. The end goal being to sell 'sponsorships' for differentl levels of benefit. Hats, shirts, rides, etc. I've got a reasonable level of experience with getting merchandise like that made so that's no sweat. And the airplane has great ramp presence and performs like a mustang, so it's a desireable ride platform.
What is the consensus on this? Are there regularoty ramifications that I'm missing beyond the regular ride selling? The -28 is experimental/exhibition, I know, but would the "membership" status of riders ameliorate that problem?