Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $598,638

• 1d · Related organizations

  $7,224,205

• 1f · All other contributions, gifts and grants

  $53,939,502

• 1g · Noncash contributions included above

  $322,603

• 2a · Program service revenue: MEMBER DUES

  total $61,825,078 · related or exempt $61,825,078

• 2b · Program service revenue: PROGRAM FEES

  total $18,070,560 · related or exempt $18,070,560

• 2f · All other program service revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $1,736,982 · excluded $1,736,982

• 5 · Royalties

  total $7,831,150 · excluded $7,831,150

• 6a · Gross rents

  real property $958,377

• 6b · Less rental expenses

  real property $1,515,326

• 6c · Rental income or loss

  real property -$556,949 · personal property $0

• 6d · Net rental income or loss

  total -$556,949 · unrelated business -$556,949

• 7a · Gross sales of assets other than inventory

  securities $18,283,877

• 7b · Less cost or other basis and sales expenses

  securities $16,960,021

• 7c · Gain or loss

  securities $1,323,856 · other assets $0

• 7d · Net gain or loss

  total $1,323,856 · excluded $1,323,856

• 8a · Fundraising events: gross income

  $1,027,379

• 8b · Fundraising events: direct expenses

  $1,329,680

• 8c · Net income from fundraising events

  total -$302,301 · excluded -$302,301

• 10a · Gross sales of inventory

  $2,464,519

• 10b · Cost of goods sold

  $1,204,505

• 10c · Net income from sales of inventory

  total $1,260,014 · related or exempt $1,232,929 · unrelated business $27,085

• 11a · Other revenue: ADVERTISING

  total $21,389,175 · unrelated business $21,389,175

• 11b · Other revenue: Other Revenue

  total $1,143,662 · related or exempt $1,143,662

• 11c · Other revenue: OTHER UNRELATED BUSINESS ACTIVITY

  total $193,525 · unrelated business $193,525

• 11d · All other revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $22,726,362

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $110,796 · program services $110,796

• 2 · Grants to domestic individuals

  total $5,000 · program services $5,000

• 5 · Compensation of officers, directors and key employees

  total $5,570,490 · program services $1,272,736 · management and general $2,381,254 · fundraising $1,916,500

• 7 · Other salaries and wages

  total $23,770,305 · program services $23,216,145 · management and general -$2,490,833 · fundraising $3,044,993

• 8 · Pension plan contributions

  total $6,085,493 · program services $3,161,788 · management and general $2,216,742 · fundraising $706,963

• 9 · Other employee benefits

  total $3,548,096 · program services $2,117,471 · management and general $1,018,437 · fundraising $412,188

• 10 · Payroll taxes

  total $1,674,297 · program services $999,204 · management and general $480,587 · fundraising $194,506

• 11b · Fees: legal

  total $41,611,918 · program services $4,442,273 · management and general $37,169,645

• 11c · Fees: accounting

  total $266,586 · management and general $266,586

• 11d · Fees: lobbying

  total $634,946 · program services $634,946

• 11e · Fees: professional fundraising services

  total $12,309,022 · fundraising $12,309,022

• 11f · Fees: investment management

  total $243,702 · management and general $243,702

• 11g · Fees: other

  total $4,558,833 · program services $4,558,833 · management and general $0 · fundraising $0

• 12 · Advertising and promotion

  total $7,786,896 · program services $1,287,874 · fundraising $6,499,022

• 13 · Office expenses

  total $2,178,419 · program services $2,028,418 · management and general $150,001

• 14 · Information technology

  total $3,069,032 · program services $1,586,406 · management and general $1,482,626

• 16 · Occupancy

  total $1,097,408 · program services $604,672 · management and general $492,736

• 17 · Travel

  total $2,342,728 · program services $2,053,120 · management and general $289,608

• 19 · Conferences, conventions and meetings

  total $4,848,417 · program services $1,965,263 · management and general $2,883,154

• 20 · Interest

  total $2,255,069 · program services $1,448,429 · management and general $806,640

• 22 · Depreciation, depletion and amortization

  total $2,285,108 · program services $1,569,864 · management and general $715,244

• 23 · Insurance

  total $5,322,379 · program services $5,322,379

• 24a · Other expenses: MEMBER COMMUNICATIONS

  total $28,136,758 · program services $22,291,180 · fundraising $5,845,578

• 24b · Other expenses: PRINTING AND PUBLICATIONS

  total $22,040,337 · program services $22,040,337

• 24c · Other expenses: TRAINING AND COMMUNICATIONS

  total $17,378,193 · program services $17,378,193

• 24d · Other expenses: OTHER (SEE SCHEDULE O FOR DETAILS)

  total $8,529,269 · program services $4,023,649 · management and general $4,505,620

• 24e · All other expenses

  total $1,126,374 · program services $1,126,374 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $13,150,524 · end of year $6,722,128

• 3 · Pledges and grants receivable

  beginning of year $0

• 4 · Accounts receivable

  beginning of year $15,546,315 · end of year $13,042,837

• 5 · Loans and receivables from officers and key people

  beginning of year $0 · end of year $0

• 6 · Loans and receivables from disqualified persons

  beginning of year $0 · end of year $0

• 7 · Other notes and loans receivable

  beginning of year $0

• 8 · Inventories for sale or use

  beginning of year $10,612,378 · end of year $6,560,354

• 9 · Prepaid expenses and deferred charges

  beginning of year $4,037,417 · end of year $4,462,082

• 10a · Land, buildings and equipment: cost or other basis

  $79,320,766

• 10b · Land, buildings and equipment: accumulated depreciation

  $56,004,269

• 10c · Land, buildings and equipment, net

  beginning of year $25,069,822 · end of year $23,316,497

• 11 · Investments: publicly traded securities

  beginning of year $69,870,591 · end of year $71,912,814

• 12 · Investments: other securities

  beginning of year $0

• 13 · Investments: program-related

  beginning of year $0

• 15 · Other assets

  beginning of year $35,815,296 · end of year $42,069,626

• 17 · Accounts payable and accrued expenses

  beginning of year $47,000,744 · end of year $47,855,994

• 18 · Grants payable

  beginning of year $0

• 19 · Deferred revenue

  beginning of year $40,205,350 · end of year $47,033,398

• 20 · Tax-exempt bond liabilities

  beginning of year $0

• 21 · Escrow or custodial account liability

  beginning of year $0

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 23 · Secured mortgages and notes payable

  beginning of year $43,749,101 · end of year $49,627,891

• 25 · Other liabilities

  beginning of year $1,307,696 · end of year $1,435,892

• 27 · Net assets without donor restrictions

  beginning of year -$13,671,719 · end of year -$39,977,535

• 28 · Net assets with donor restrictions

  beginning of year $55,511,171 · end of year $62,110,698

The filer's explanations (Part III)

Schedule J, Part I, Line 1a First-class or charter travel

CHARTER TRAVEL WAS USED ON OCCASIONS WHEN SECURITY CONCERNS PRECLUDED OTHER AVAILABLE OPTIONS. SUCH TRAVEL WAS, THEREFORE, PROPERLY EXCLUDED FROM TAXABLE COMPENSATION.

Schedule J, Part I, Line 4a Severance or change-of-control payment

TODD A GRABLE, FORMER EXECUTIVE DIRECTOR, MEMBERSHIP, ENDED HIS EMPLOYMENT ON SEPTEMBER 12, 2022, AND RECEIVED TAXABLE COMPENSATION OF $400,000 AS PART OF A SEVERANCE AGREEMENT AND $35,000 AS PART OF A SETTLEMENT AGREEMENT.

Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan

THE NRA HAS DEFERRED COMPENSATION RETIREMENT BENEFIT PLANS FOR CERTAIN EMPLOYEES AND NONQUALIFIED SUPPLEMENTAL EXECUTIVE RETIREMENT PLANS FOR CERTAIN EMPLOYEES. FOR NONQUALIFIED PLANS, THE FILING ORGANIZATION DECIDES THE BENEFIT AMOUNT AND TIMEFRAME FOR VESTING OF EACH PARTICIPANT USING DIFFERENT FACTORS PARTICULAR TO EACH RELEVANT INDIVIDUAL AND HIS OR HER SPECIFIC CIRCUMSTANCES. PAYOUTS ARE PROPERLY INCLUDED IN TAXABLE WAGES AND REPORTED IN W-2 INCOME. THE AMOUNTS FOR MESSRS. LAPIERRE AND SCHROPP INCLUDE 457(F) DISBURSEMENTS OF $112,612 AND $154,079, RESPECTIVELY.

Schedule J, Part I, Line 3 Methods used to establish the compensation

COMPENSATION OF THE NRA'S TOP MANAGEMENT OFFICIAL IS ESTABLISHED BY METHODS INCLUDING COMPENSATION SURVEYS AND STUDIES, AND COMPARABILITY DATA. COMPENSATION OF THE TOP MANAGEMENT OFFICIAL MUST BE APPROVED BY THE BOARD OF DIRECTORS, BASED ON RECOMMENDATIONS BY THE COMPENSATION COMMITTEE. ALL DECISIONS ARE PROPERLY DOCUMENTED.

Schedule J, Part II, Column (B)(i) MARION P. HAMMER

DURING THE TAX YEAR ENDED DECEMBER 31, 2023, THE NRA MADE PAYMENTS TO MARION P. HAMMER PURSUANT TO A CONSULTING AGREEMENT THAT REQUIRED HER TO PROVIDE ADVICE, ANALYSIS, AND OTHER DUTIES REASONABLY ASSIGNED. THE CONSULTING AGREEMENT WAS LATER TERMINATED, AND THE NRA IS UNDERTAKING AN ANALYSIS TO DETERMINE WHETHER IT RECEIVED FAIR VALUE FOR CONSULTING SERVICES PURPORTEDLY RENDERED UNDER THE CONTRACT.

Schedule J, Part II, Column (B)(iii) OTHER REPORTABLE COMPENSATION

OTHER REPORTABLE COMPENSATION WITHIN TAXABLE WAGES FOR MR. LAPIERRE INCLUDED $112,612 457(F) PLAN, $23,484 GROUP LIFE INSURANCE, $22,500 457(B) PLAN, AND $12,474 TAXABLE PERSONAL EXPENSES. OTHER REPORTABLE COMPENSATION WITHIN TAXABLE WAGES FOR MR. SCHROPP INCLUDED $6,140 GROUP LIFE INSURANCE, $154,079 457(F) DISBURSEMENT, AND $12,000 TAXABLE PERSONAL EXPENSES. OTHER REPORTABLE COMPENSATION WITHIN TAXABLE WAGES FOR MR. HAMLIN INCLUDED $12,954 GROUP LIFE INSURANCE, $22,500 457(B) PLAN, AND $6,000 TAXABLE PERSONAL EXPENSES. OTHER REPORTABLE COMPENSATION WITHIN TAXABLE WAGES FOR MR. DEBERGALIS INCLUDED $3,548 GROUP LIFE INSURANCE, $22,500 457(B) PLAN, AND $13,411 TAXABLE PERSONAL EXPENSES. OTHER REPORTABLE COMPENSATION WITHIN TAXABLE WAGES FOR MRS. ROWLING INCLUDED $2,070 GROUP LIFE INSURANCE AND $14,400 TAXABLE PERSONAL EXPENSES. OTHER REPORTABLE COMPENSATION WITHIN TAXABLE WAGES FOR MR. KOZUCH INCLUDED $22,983 GROUP LIFE INSURANCE, $22,500 457(B) PLAN, AND $8,500 TAXABLE PERSONAL EXPENSES. OTHER REPORTABLE COMPENSATION WITHIN TAXABLE WAGES FOR MR. GRABLE INCLUDED $400,000 SEVERANCE AND $35,000 AS PART OF A SETTLEMENT AGREEMENT. OTHER REPORTABLE COMPENSATION WITHIN TAXABLE WAGES FOR MR. TEDRICK INCLUDED $11,009 GROUP LIFE INSURANCE. OTHER REPORTABLE COMPENSATION WITHIN TAXABLE WAGES FOR MR. FRAZER INCLUDED $5,686 GROUP LIFE INSURANCE, AND $14,400 TAXABLE PERSONAL EXPENSES. OTHER REPORTABLE COMPENSATION WITHIN TAXABLE WAGES FOR MR. ARULANANDAM INCLUDED $4,567 GROUP LIFE INSURANCE. OTHER REPORTABLE COMPENSATION WITHIN TAXABLE WAGES FOR MR. ROBINSON INCLUDED $2,622 GROUP LIFE INSURANCE. OTHER REPORTABLE COMPENSATION WITHIN TAXABLE WAGES FOR MR. ERSTLING INCLUDED $2,322 GROUP LIFE INSURANCE. OTHER REPORTABLE COMPENSATION WITHIN TAXABLE WAGES FOR MRS. SHAHIDI INCLUDED $653 GROUP LIFE INSURANCE, AND $19,500 457(B) PLAN. OTHER REPORTABLE COMPENSATION WITHIN TAXABLE WAGES FOR MR. KOPACKI INCLUDED $628 GROUP LIFE INSURANCE, AND $78,404 457(B) PLAN. OTHER REPORTABLE COMPENSATION WITHIN TAXABLE WAGES FOR MR. FLEMION INCLUDED $10,912 GROUP LIFE INSURANCE, AND $9,000 TAXABLE PERSON EXPENSES. OTHER REPORTABLE COMPENSATION WITHIN TAXABLE WAGES FOR MR. OUIMET INCLUDED $249 GROUP LIFE INSURANCE AND $2,126 TAXABLE PERSONAL EXPENSES.

Schedule J, Part II, Column (D) Nontaxable benefits

COLUMN D NONTAXABLE BENEFITS ARE PROVIDED TO EMPLOYEES CONSISTENT WITH ASSOCIATION INDUSTRY STANDARDS AND BEST PRACTICES. STANDARD NONTAXABLE BENEFITS INCLUDE EMPLOYEE BENEFITS SUCH AS THE EMPLOYER PAID PORTIONS OF MEDICAL AND DENTAL PLANS AND LONG-TERM AND SHORT-TERM DISABILITY PLANS.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• SEA GIRT LLC

  DEVELOPMENT PHASE · TX · income $0 · assets $0

  Directly controlled by NRA

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• LEXINGTON CONCORD HOLDINGS LLC

  C Corporation · DEVELOPMENT PHASE · DE · 100% owned · controlled entity

  Directly controlled by NRA

• NRA HOLDINGS COMPANY INC

  C Corporation · MANAGEMENT SERVICES · VA · 100% owned · controlled entity

  Directly controlled by NRA