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I'm gonna hold my nose and send money.
I really hope they destroy NY in the lawsuit
Yea, and I suspect that on some level this is a point that the NRA is trying to make to people.......
The fact of the matter is that the NRA is sitting on a pile of cash and could quite easily self insure just like many companies do.
Can you imagine how popular an NRA bank and credit card would be......not some BS done though some douche company like BoA
Our new Cosmic....Hey, graniteman, don't confuse the gunmen here with the facts.
The real measure of a non-profit salary should be "what would these people be making in the private sector?". This sort of high-end pay is standard for big money non-profits (the founder of the PMC personally clears over a half mil salary annually). I find it hard to believe that LaPierre and Cox would command this sort of salary in industry.I’m not saying they should work for free but these people are way over paid compared to other non profits. The salaries need to come way down.
koenigseggCC7
I prepare nonprofit tax returns for a living, I just took a look at the NRA’s most recent available return (2016). Here’s what I can tell you. While the information is a little dated, they are far from being in financial trouble. As of 12/31/16, they had $70 million in cash and investments on hand. They lost $45 million in 2016, but had $52 million in legislative program expenses in 2016 (election year) vs. next to none in 2015 and they profited $33 million in 2015. Their MO seems to be bank one year, spend the next year from what I can tell. Is their executive comp a little high? Maybe. But in 2016 it was only 1.2% of their budget, and that’s for everyone (including Chris Cox), not just Wayne. The gross comp numbers may seem big but on a % basis it’s not out of line from what I see regularly in other organizations in all industries.
This article, if true, highlights an operational problem, not a financial problem. It doesn’t matter how much cash you have, if you don’t have a bank and insurance company willing to work with you, you’re kind of dead on arrival. However, my suspicion is this is being overblown to try to help win the suit. There is no reason the NRA can’t work with a bank and an insurance company that doesn’t go near NYS and avoid this whole mess. While we all may think the NRA is a behemoth, it’s really not anywhere near the top of the nonprofit food chain, and a local bank and insurance company could surely handle their needs. They don’t need Citi and Chubb, or whoever they were working with, that are huge and HQ’d in NYC
Well I would guess that just complaining about what Coumo and NY did would get nowhere, so up the pressure by indicating that the state's actions is perhaps going to put the NRA out of business. It called posturing! For all those who dislike the NRA, who would have the clout to equal them? Yes they are not perfect but IMO they are the best we have on our side, and would we be in deep do do if NY prevails? Something to consider.
I don't see that article as the NRA is begging for money and failing. I see that article as the NRA making a case to sue NY based on some true and some exaggerated facts.
I find this interesting:
"The lawsuit stems from a May decision by New York financial regulators over “Carry Guard,” an NRA-marketed insurance policy for members who face legal costs after firing a gun legally. The DFS determined that the policy was illegal under New York state law and that the insurers who provided it must stop selling the policies and pay a $7 million fine."
We hear, from some antis, that anyone that has a gun should have insurance for said gun. So here is an insurance program and the antis call it illegal.
today I sent them back all the free made in china ACU duffel bags theyve sent me through the years, hopefully they can get some of their money back.
the state of New York pressured financial institutions to cut ties with the gun group.