Flying Crown Land Group

Overview
Flying Crown Land Group (FCLG) is a nonprofit organization established in 2007 and based in Delaware, authorized to operate in several other states. Recognized as a 501(c)(3) charitable organization, FCLG aims to alleviate governmental burdens, particularly concerning the maintenance, expansion, development, and management of government-owned aviation properties.

Mission Statement
The organization's mission is to create economic development opportunities for airports and to assist in the preservation of aviation history. FCLG functions as a social enterprise, combining business practices with a commitment to social good.

Charitable Status
FCLG received its charitable status from the Internal Revenue Service in February 2013 following a thorough review process. This status enables the organization to seek donations and grants to support its activities, and it strives for transparency with stakeholders regarding its mission and financial status.

History
Originally formed as a charitable version of a Real Estate Investment Trust (REIT), known as a REMIC, Flying Crown Land Group embarked on projects that other organizations were reluctant to undertake. At its peak, FCLG managed over half a million square feet of mixed-use aviation space across the United States. However, following the financial crisis that hit in 2008, the organization pivoted its strategy away from offering mortgage-backed securities to fund aviation improvements. In 2013, FCLG transitioned into a social enterprise charitable entity, focusing on developing and preserving aviation properties nationwide.

Leadership
The board of directors guiding FCLG includes:

• Stephen Birch, Managing Director
• Alex Rankin, Director
• Jason Hutton, Director
• Steven Thornburg, Director

Business Approach
FCLG employs a business model centered on social enterprise, treating its operations like a business while prioritizing social good. The organization collaborates with airport authorities and municipalities to provide comprehensive solutions for public-private partnerships in aviation real estate.

Public Engagement
The organization conducts regular meetings to engage with the community, including its annual meeting and special committee meetings, which are open to the public.

Recognition
Flying Crown Land Group is acknowledged in the philanthropic community for its commitment to aviation and its impact on local economies, having received positive ratings from various charity evaluators.

The ongoing efforts of Flying Crown Land Group exemplify the intersection of community service and economic development, particularly in the aviation sector.