Privacy Policy. The National Rifle Association is America's longest-standing civil rights organization. Legal expenses for administrative purposes rose nearly 400%, accounting for the largest increase, from $4.6 million to $21.9 million, the records show. “They certainly don’t expect us to back down and bank their membership dues.”. What's New. Page 2 This is the Trustees’ Annual Report and the financial statements of the National Rifle Association ("the NRA") for the year ended 31 December 2019. His attorneys have declined to comment.
0 All Access Digital offer for just 99 cents! The allegations have infuriated many longtime NRA members, who are demanding transparency about how their dues are being spent. NRA officials have said the expenses were made over a long period of time and were necessary for LaPierre’s fundraising and public appearances. A spokesman for the Brewer law firm declined to comment. North was ousted from his post as president of the board in April after LaPierre accused him of attempting to extort him and the organization. CLICK HERE TO TURN ON NOTIFICATIONS. GET BREAKING NEWS IN YOUR BROWSER.
Annual Report 2019. For many, the main attraction is the spectacular consumer show, where you'll find every major firearms manufacturer spread out over seven acres. By Carol D. Leonnig, Katie Zezima and Tom Hamburger | Washington Post. Dionne: How NRA elitists turned the Second Amendment into a money machine Together with our more than five million members, we’re proud defenders of history’s patriots and diligent protectors of the Second Amendment. “They’ve never exhibited extreme financial conservatism,” Mittendorf said. All results within {{distance}} miles of {{location}}, Please check at least one NRA Program above, Women On Target® Instructional Shooting Clinics, Volunteer At The Great American Outdoor Show, Marion P. Hammer Women Of Distinction Award, Women's Wildlife Management / Conservation Scholarship, National Youth Shooting Sports Ambassadors, NRA Outstanding Achievement Youth Award Presented by Brownells, National Youth Shooting Sports Cooperative Program. In 2017, the six groups ended the year with a $1.1 million shortfall. 1 June 2020 “NRA Annual Report FY 2018” has been posted on the website. The annual report obtained by The Post was made available to board members at the NRA’s annual convention in the final week of April, according to people familiar with its distribution. Document Attachments: NBFIRA Annual Report 2019.pdf. The New York attorney general is investigating the NRA’s tax-exempt status amid recent revelations of lavish spending by chief executive Wayne LaPierre and top vendors. Related Articles The consolidated statements in the 2018 annual report mask some of the challenges facing the main group, Mittendorf said. NRA announces a new website that presents key documents and facts -- to set the record straight and allow the public to judge for itself. The NRA has borrowed against its Fairfax headquarters, which has an assessed value of $40.4 million, the report and public filings show. The Post reported this week that money also flowed to 18 members of the group’s 76-member board of directors, which is tasked with overseeing the NRA’s finances. The NRA’s spending on legal fees has been questioned by board member Oliver North, who detailed his concerns in a memo this spring in which he said “extraordinary” legal expenses paid to the group’s outside lawyers, the Brewer law firm, were “draining NRA cash at mind-boggling speed.”. The annual report, together with state filings, shows that the NRA has run a deficit for the past three years. endstream endobj startxref The group and its associated entities reported spending roughly $8.7 million in 2017 and $10.1 million in 2018 on travel and entertainment. The NRA gets bigger and better every day thanks to the support of patriots and enthusiasts like you!
The records show that the NRA froze its pension plan for employees at the end of last year, a move that saved it close to $13 million, and obtained a $28 million line of credit by borrowing against its Virginia headquarters. The Washington Post’s Alice Crites contributed to this report. The report was prepared by the NRA’s longtime independent auditor, RSM, which submitted a letter to the board describing the financial statement on March 13, according to the document. In 2017, they had revenue of $378 million and spent $379 million. It's all just one quick search away: Distance is calculated from the center of the ZIP code or City and State you enter (eg: 22030 or Fairfax, VA). Report “Monitoring results and analysis -1st quarter of FY 2020- “ has been posted on the website. At the same time, the NRA’s spending last year on legal fees, travel, entertainment and office supplies rose – making up about 12% of the budget. 10868 0 obj <>stream
Click GO to learn more, or select a different interest below. May 3rd, 2019 Video Reports from 2019 NRA Annual Meetings & Exhibits. The detailed financial statement combines the yearly expenses and revenue of the NRA, which is set up as a nonprofit social welfare organization; its PAC, the NRA Political Victory Fund; and four affiliated charitable groups: the Special Contribution Fund, the Civil Rights Defense Fund, the NRA Foundation and the NRA Freedom Action Foundation. Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to email this to a friend (Opens in new window), Joe Biden pushes closer to victory in race for the White House, NRA money flowed to board members amid allegedly lavish spending by officials, vendors, Emails show links between NRA, gun ‘sanctuary’ sheriffs, NRA officer reached out to Sandy Hook conspiracy theorist after Parkland shooting, emails show, Dionne: How NRA elitists turned the Second Amendment into a money machine. Despite spending more than it took in, Abrams and other tax law experts noted, the NR… Post was not sent - check your email addresses! Despite spending more than it took in, Abrams and other tax law experts noted, the NRA has reserves: It reported nearly $145 million in total net assets. For example, in 2017, the six groups together had $6.5 million in unrestricted net assets to use as they chose – while the NRA alone had a $31.8 million deficit in that category, according to the annual report and tax filings.
In 2018, the organization benefited from an increase in money from its members. The National Rifle Association is America’s longest-standing civil rights organization. NRA officer reached out to Sandy Hook conspiracy theorist after Parkland shooting, emails show Despite spending more than it took in, Abrams and other tax law experts noted, the NR… But the group is also facing pressure on multiple fronts. Please be sure to check with all posted event organizers to ensure dates and times are accurate and in compliance with government social distancing guidelines.