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Well, OK -- as the guy who formed the thing, I'll bite. As noted, there are no stockholders in a nonprofit and therefore no one to pay dividends to. No problem -- all we have to do is hire ourselves for exhorbitant salaries to work for the nonprofit. Gee, wonder why we didn't think of that. Could it be that some of us are actually concerned about safety in our community and want to do something about it?
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From: vonjet@gmail.com [mailto:vonjet@gmail.com]
Sent: Sun 11/2/2008 4:29 PM
To: lml@lancaironline.net
Subject: Re: [LML] Lancair owners form organization for safety, advocacy -AOPA article
Before you get excited about nonprofit.
Nonprofit doesnt mean they cant charge you excessive amounts of money for anything they offer.
There are all sorts of ways they can call the income other things than profit.
Just look at NBAA. They are a .org and if you knew what it costs to advertise at a convention they put on or to have a booth at one of their shows you would flip. Not to mention admission fees just to attend. Nonprofit? They are probably one of the most profitable organizations.
Or maybe they call profit: funds.
Sent from my Verizon Wireless BlackBerry
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From: Matt Reeves <mattreeves@yahoo.com>
Date: Fri, 31 Oct 2008 12:10:09 -0400
To: <lml@lancaironline.net>
Subject: [LML] Lancair owners form organization for safety, advocacy - AOPA article
I think the best part about this is that it's "nonprofit." The last place I think anyone should be profiting in is Lancair education and training and flight testing.
I'm sick and tired of the "what's your life worth?" - argument. With that argument, why not pay ten milllion dollars for training? Because it's a stupid argument - that's why.
Finally, we have a group truly interesting in safety, not money. No one has a problem paying for ACTUAL expenses when it comes to training, it's the $5000/hr approach that steers people away.
Above all, hopefully this group will promote common sense, which is priceless.
Matt
By By AOPA ePublishing staff
A new nonprofit organization for Lancair owners and builders will focus on promoting the safe use of Lancair aircraft and emphasize owner, operator, and builder education and training, according to the group's founders.
Recently started by a small group of Lancair enthusiasts and endorsed by Lancair International Inc., the Lancair Owners and Builders Organization, or LOBO <http://www.lancairowners.com/> , also hopes to build partnerships with insurance companies and work closely with regulatory agencies.
"Coupled with better communication between our members and insurance providers, improved safety will help our members better control skyrocketing operating costs," said LOBO co-founder Bob Pastusek.
Lancairs have been involved in what the FAA labeled a "disproportionate" number of fatal accidents, including seven fatal accidents between February and July of this year. See AOPA Air Safety Foundation Executive Director Bruce Landsberg's blog <http://blog.aopa.org/asfblog/?m=200807> on the subject and share your opinions.
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