[Rick Masters]

PASA will be controlled by 3 hang glider pilots and will control all the hang and para glider schools.

Professional Air Sports Association operates out of the address of Kitty Hawk Kites, the world's largest hang gliding school.
And one I have admired for a very long time...
FISCAL YEAR ENDING DEC. 2012
https://projects.propublica.org/nonprofits/download-filing?path=2013_08_EO%2F56-2059610_990EO_201212.pdf
Total Revenue
$35,889
Total Functional Expenses $23,211
Net income $12,678
Notable sources of revenue        Percent of total revenue
Contributions $0
Program services $22,050          61.4%
Investment income $3                0.0%
Bond proceeds $0
Royalties $0
Rental property income $0
Net fundraising $0
Sales of assets $0
Net inventory sales $0
Other revenue $0
Other
Total Assets $32,795
Total Liabilities $0
Net Assets $32,795
---------------
Who was it who foresaw those profits rollin' in?
Okay, it was from the imaginary RRG, not PASA, but I'm not impressed.
A lot of joyriders make more than that.
Maybe they should talk to USHPA about how to do a fundraising campaign.
On the bright side, they don't need to hire an investment advisor...

Actually, it's smart to keep the honey pot empty.
Especially if you're going to embrace paragliding collapse risk.
Doesn't attract flies. Does threaten the sport of hang gliding, tho. Not wise, IMO.
How much in that RRG, again?
The suicide of hang gliding continues.

[Rick Masters]

Gosh, while we're on the subject of income info, perhaps we should take a look here.
https://projects.propublica.org/nonprofits/download-filing?path=2014_11_EO%2F23-7171363_990_201312.pdf
https://projects.propublica.org/nonprofits/download-filing?path=2014_11_T%2F23-7171363_990T_201312.pdf

United States Hang Gliding and Paragliding Association 2013
Total Revenue
$1,267,508
Total Functional Expenses $1,328,559
Net income -$61,051
Notable sources of revenue         Percent of total revenue
Contributions $12,705                         1.0%
Program services $1,137,121             89.7%
Investment income $963                     0.1%
Bond proceeds $0
Royalties $686 0.1%
Rental property income $14,370         1.1%
Net fundraising $0
Sales of assets $0
Net inventory sales -$2,237
Other revenue $103,900                         8.2%
Notable expenses                         Percent of total expenses
Executive compensation $79,066                 6.0%
Professional fundraising fees $0
Other salaries and wages $167,579                 12.6%
Other
Total Assets $965,666
Total Liabilities $580,617
Net Assets $385,049

Hope those "great volunteers" I hear so much about filed W-2s.
Of course, there are new expenses with the upcoming RRG.
I haven't heard them mentioned, yet. Maybe later.
First, the people involved in managing the RRG get insured against lawsuits by the re-insurer for additional cost.
Then the guy in charge can take a percentage of the kitty.
And an accountant has to provide periodic (GAAP, I think) accounting for the RRG for every state it operates in.
These costs can't come out of the RRG minimum.
Where will they come from?
Oh, dues went up %50?
That's good.
Hope no lawsuits come up.
Lawyers need to be paid, too.
And, of course, if a reward has to be paid out, it must be replenished.
Actually, because the kitty in the RRG can't fall below $1.5 - 2.0 million, it has to be raised.
So get ready for the next fundraiser.

[Rick Masters]

By the way, the biggest safety issue in free flight remains - by far - paraglider collapse.
Nearly 120 deaths worldwide in 2015 that I know of. Probably more.
How much have they spent solving that? Probably somebody else's problem, huh?
Hope nobody sues. You hang glider pilots might have to pick up the tab...
Oh, you don't mind? It's all for one, one for all in freeflight today. Right.

Paraglider Mathew McHugh sues for $2 million after losing a leg at Mona Vale rock face
http://www.dailytelegraph.com.au/news/nsw/paraglider-mathew-mchugh-sues-for-2-million-after-losing-a-leg-at-mona-vale-rock-face/news-story/72dcc25db2ad6c935cbe04b412142d51
    Mr McHugh claims the Hang Gliding Federation of Australia website should have classed the headland as a site for intermediate and advanced paragliders and warned that novices should not try to fly there.
    ...His lawyer John Kambas said they were not denying paragliding was “dangerous”.
    “What we are saying is that if he had a warning sign, if the website said this is an intermediate site — not a novice site — he would not have gone,” Mr Kambas said.
VIDEO: http://www.dailytelegraph.com.au/video/id-AxeXBwbTqcfQT7fb-9JTgX3jIfzzcH8r/Paraglider-tells-tale-of-incredible-survival
------------
    How much is in the RRG honey pot, again?
    I contend that a higher percentage of soaring parachutists, in comparison to hang glider pilots, are not real pilots, are not dedicated to the survival of the sport and could not care less about hang gliding. Adding these people to the total of insured people in membership increases liability for the organization far more than adding only hang glider pilots.
    Where do these people come from? They are being cranked out by commercial schools en mass for the profit of the businesses, who assert they are helping the sport by growing it. I contend this detrimental to the sport of paragliding itself and, even worse, that it places the viability of hang gliding at risk by diluting the overall quality of participants who are now inadvisedly placed under the same amorphous umbrella of "freeflight," a strange, ambiguous, all-encompassing term with dangerous legal implications for the sport of hang gliding.
    I further contend that mixing other dangerous sports into any hang gliding association dilutes the ability of hang glider pilots to police their sport, ensure safety and keep liability damages to a manageable level. It also makes it IMPOSSIBLE for hang gliding to maintain or improve its reputation. In the past, before paragliding, hang gliding demonstrated several years of no fatalities. Now look at us! Therefore all efforts to combine hang gliding with any other sports is a very bad idea that should be abandoned and resisted.

- Form a national hang gliding association -