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Post by oldarmybear on Jun 15, 2019 11:17:44 GMT -5
Inside the NRA’s finances: Deepening debt, increased spending on legal fees — and cuts to gun training
The National Rifle Association spent growing sums on overhead in 2018 even as it cut money for core activities such as gun training and political efforts, ending the year deeper in debt, new financial documents show. Loading...
The gun rights group’s 2018 financial report, which was obtained by The Washington Post, portrays the longtime political powerhouse as spending faster than its revenue rose.
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.
Despite that, the nonprofit group, four affiliated charities and its political committee together ended the year $10.8 million in the red. In 2017, the six groups ended the year with a $1.1 million shortfall.
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Brian Mittendorf, an Ohio State University accounting professor who has studied nonprofits, including the NRA, and examined the 2018 report for The Post, said it depicted “a bad year for them financially.” He compared the NRA to a person living paycheck to paycheck, leaning on credit cards with very little cushion.
“They’ve never exhibited extreme financial conservatism,” Mittendorf said. “They’ve largely spent what they could.”
NRA spokesman Andrew Arulanandam declined to address the group’s financial trends but said the annual report shows the organization making “financial and administrative decisions that work in the best interests of its members.”
“In the last three years, the NRA has raised more than a billion dollars, played an important role in getting President Trump elected and continued to successfully defend the freedoms of gun owners everywhere,” he said. “That is the true measure of the organization.”
In a letter in May to NRA members, a group of board members and past presidents said the organization is on budget for 2019. “Our financial house is in order,” they wrote.
Read more here: www.msn.com/en-us/news/us/inside-the-nras-finances-deepening-debt-increased-spending-on-legal-fees-%e2%80%94-and-cuts-to-gun-training/ar-AACTBYI?li=BBnbcA1&ocid=iehp
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Post by Bogus0Pomp on Jun 20, 2019 13:22:12 GMT -5
Peppermint, I was laughing at the silliness of it. I was not whining, but it sure looks you are whining about it, and in red, no less. LOL
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Post by Deleted on Jun 20, 2019 13:32:37 GMT -5
Yeah, all of a sudden you were laughing at the silliness of it all. When does pointing out that a lie is a lie, and defining a word to show it fits the situation perfectly look like whining? Try again, Bogus, crawfishing really isn't your better forte'.
Oh, and btw...I totally understand your use of your screen name now...it fits perfectly also!
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Post by Bogus0Pomp on Jun 20, 2019 13:43:17 GMT -5
"All of a sudden," you say? Perhaps you should review my first reply.
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Post by Deleted on Jun 20, 2019 13:49:28 GMT -5
Perhaps you should acknowledge that you were making fun of me using the word "several" instead of saying one, two, or three. Also, you failed to notice that it was also liked by someone else (me), making it 4 people that reacted to Bear's comment...
You were trying to be a smart aleck and it backfired on you....so it was easier to just laugh it off, so tospeak...I got your number Bogus.... You ignore Katie's lie and pick on the usage of a word... How liberal of you!
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Post by Deleted on Jun 20, 2019 15:07:53 GMT -5
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Post by Bogus0Pomp on Jun 21, 2019 2:19:41 GMT -5
Getting back to the topic.
After researching this a little more I may just reconsider the amount of my annual gift to the NRA. Bear, how's that research going, has it come to a conclusion? If so, what did you find out and is it going to effect the amount of your annual gift to the NRA?
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Post by oldarmybear on Jun 21, 2019 8:36:43 GMT -5
NRA is on budget this year. I am a life member and will make my usual donation.
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Post by katie5445 on Jun 22, 2019 1:12:09 GMT -5
I guess your own thread was of little importance.
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Post by Deleted on Jun 22, 2019 6:12:52 GMT -5
You mean like the ones you never start....???
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