A Deficit of $100 Million Is Confronting the N.R.A. - NYT

[Wonk]

GD thread here

article

(snip)

Even in 2000, when gun owners helped elect George W. Bush as president, pushing N.R.A. membership to a 10-year high, expenses outstripped revenues by $20.4 million, according to I.R.S. filings.

"The victories we have delivered have been costly, cutting deeply into the N.R.A.'s budgets," Wayne R. LaPierre Jr., the group's executive vice president and chief executive, wrote in an N.R.A. magazine, America's 1st Freedom, in October. "Winning takes millions of dollars beyond what individual members' dues cover. Today, if we were faced with a full-blown legislative assault, we simply would not have the war chest."

(snip)

The N.R.A. contends that its deficit is a fiction manufactured by accounting standards. "Trying to do an analysis of the organization based on its accounting-created balance sheet is a futile attempt because it is driven by assets that aren't there, namely the quality of its members, and liabilities that aren't really there either," said Wilson H. Phillips Jr., the N.R.A. treasurer.

He said the deficit was a sign of strength, because the bulk of the liabilities reflect future obligations to long-term members. "What appears to be a growth in the deficit is actually a demonstration of membership growth and growth in longer-term commitments from members," Mr. Phillips said.

more...

The deficit is simply fiction, and it's a sign of strength? :crazy:

[The Backlash Cometh]

1. So, where are they getting the money to lobby?

if they just admitted they have no money in the kitty?

[DoNotRefill]

2. That works out to what, $33 per member?

and yearly dues are $35....

Have the NRA been evicted from their offices and forced to fire people? Nope. Can't say that about the MMM, can you?

[Name removed]

3. Deleted message

Message removed by moderator. Click here to review the message board rules.

[Wonk]

4. LBN thread

here

[davidinalameda]

5. locking

if this article is posted in two other forums, this is definately a dupe then