2019-11-14T16:56:08-06:00 2018-12-31 420714325 RSM US LLP ONE SOUTH WACKER DR STE 800 CHICAGO IL 606063392 990 2018-01-01 530116130 NATIONAL RIFLE ASSOCIATION OF AMERICA NATI 7032671000 11250 WAPLES MILL ROAD FAIRFAX VA 22030 CRAIG B SPRAY TREASURER 7032671000 2019-11-14 1 ZACK FORTSCH CPA P00052725 3126343400 66.98.98.134 2019-11-14 16:42:00 CS P 5BB3B986E96693C9FA12ABDB8E5DE88F5CFF60A5 336FD8F0FA5A347F3EEB7148290E7297C3B1C7D5 2018 2020-04-17 16:48:07Z CRAIG B SPRAY 11250 WAPLES MILL ROAD FAIRFAX VA 22030 367702748 0 X WWW.NRA.ORG X 1871 NY FIREARMS SAFETY, EDUCATION, AND TRAINING; AND ADVOCACY ON BEHALF OF SAFE AND RESPONSIBLE GUN OWNERS 76 67 816 150000 23943194 0 98026531 108599726 146955303 193010155 4893990 2192041 62111910 48748942 311987734 352550864 93334 75661 0 0 66789561 63864842 8943038 7798658 48091585 254005718 283536156 329831651 355275317 -17843917 -2724453 196125681 197212080 171175478 181180554 24950203 16031526 X PER NRA BYLAWS, TO PROTECT AND DEFEND THE U.S. CONSTITUTION; TO PROMOTE PUBLIC SAFETY, LAW AND ORDER, AND NATIONAL DEFENSE; TO TRAIN LAW ENFORCEMENT AGENCIES AND CIVILIANS IN MARKSMANSHIP; TO PROMOTE SHOOTING SPORTS AND HUNTING. 0 0 140238506 75661 203053219 NRA MEMBERSHIP SUPPORT INCLUDES PUBLICATIONS, EDUCATION AND TRAINING, FIELD SERVICES, COMPETITIVE SHOOTING, LAW ENFORCEMENT, HUNTER SERVICES, MEMBER COMMUNICATIONS SERVICES, MEMBER PROGRAMS, MEMBER SERVICES, AND FULFILLMENT OF MEMBER SERVICES. THE CHIEF VALUE OF NRA MEMBERSHIP IS IN GUN SAFETY AND TRAINING ALONG WITH REGULAR REINFORCEMENT OF THESE LESSONS AND PRINCIPLES BY KEEPING ENGAGED WITH THE COMMUNITY OF OUTDOOR LOVERS AND SAFE AND RESPONSIBLE SHOOTING ENTHUSIASTS. NRA MEMBERSHIP SUPPORT AND FULFILLMENT ARE DEDICATED TO PROVIDING NRA MEMBERS WITH HIGH QUALITY SUPPORT AS WELL AS CONTENT DELIVERED THROUGH MANY PLATFORMS. SAFE AND RESPONSIBLE GUN OWNERSHIP REMAINS THE CORNERSTONE OF EVERYTHING THE ASSOCIATION PROVIDES FOR MEMBERS. 32507712 0 0 THE NRA INSTITUTE FOR LEGISLATIVE ACTION ADVOCATES ON BEHALF OF SAFE AND RESPONSIBLE GUN OWNERS. AS THE FOREMOST PROTECTOR AND DEFENDER OF THE SECOND AMENDMENT, THE NRA PROMOTES FIREARMS SAFETY, ADVOCATES AGAINST EFFORTS TO ERODE GUN RIGHTS AND FREEDOMS, FIGHTS FOR INITIATIVES AIMED AT REDUCING VIOLENT CRIME, AND PROMOTES HUNTERS'RIGHTS AND CONSERVATION EFFORTS. NRA MEMBERS RECOGNIZE THIS VITAL IMPORTANCE OF NRAILA'S TRUE GRASSROOTS WORK TO PRESERVE THE SECOND AMENDMENT FOR FUTURE GENERATIONS OF SHOOTERS AND OUTDOOR SPORTSMEN AND SPORTSWOMEN. THIS LEGION OF ENGAGED AND MOTIVATED MEMBERS IS THE REASON FOR THE NRA'S STRENGTH. 18732003 20582280 NRA SHOWS AND EXHIBITS INCLUDE THE NRA ANNUAL MEETINGS AND MEMBERS EXHIBIT HALL, HELD IN A DIFFERENT CITY EACH YEAR, AND OTHER SHOWS AROUND THE COUNTRY. THE ANNUAL MEETINGS AND EXHIBITS ARE PRESENTED AS A CELEBRATION OF AMERICAN FREEDOM FEATURING ACRES OF EXHIBITS, PREMIER EVENTS, EDUCATIONAL SEMINARS AND WORKSHOPS, AND FUN-FILLED ACTIVITIES FOR THE ENTIRE FAMILY. DALLAS, TEXAS WAS THE 2018 HOST CITY. OTHER NRA HOSTED SHOWS INCLUDED THE GREAT AMERICAN OUTDOOR SHOW HELD IN HARRISBURG, PENNSYLVANIA. 59426544 0 1330515 THIS NOTE PROVIDES FURTHER INFORMATION ON PART III PROGRAM SERVICE ACCOMPLISHMENTS. NRA PROGRAM SERVICES ARE CENTERED ON THE NRA'S CORE MISSION OF FIREARMS SAFETY, EDUCATION, AND TRAINING, INCLUDING MESSAGING THAT PROMOTES FREEDOM AND LIBERTY. THE ADDITIONAL PROGRAM SERVICE EXPENSES OF $59,426,544 NOTED ON 990 CORE FORM PART III LINE 4D INCLUDE THE PROGRAM SERVICES COMPONENTS OF PUBLIC AFFAIRS, EXECUTIVE, AND ADVANCEMENT OPERATIONS. 990 READERS ARE ENCOURAGED TO ACCESS NRA.ORG FOR OPPORTUNITIES TO CONTINUE TO ENGAGE WITH THE NRA. 59426544 0 1330515 250904765 0 1 1 1 0 0 1 0 1 1 0 0 0 1 1 1 1 0 0 1 0 0 1 1 0 0 1 1 1 0 0 0 0 0 1 0 1 1 0 0 0 0 1 1 1 0 1 1176 0 1 816 1 1 1 0 0 0 1 1 0 1 0 X 76 67 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AZ AR CA CO CT DC FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO NE NV NH NJ MT NM NY ND NC OH OK OR PA PR RI SC DE SD TN TX UT VT VA WV WA WI WY X CRAIG B SPRAY TREASURER 7032671000 11250 WAPLES MILL RD FAIRFAX VA 22030 X RICHARD CHILDRESS 1ST VICE PRESIDENT 10.00 1.00 X X 0 0 0 CAROLYN D MEADOWS 2ND VICE PRESIDENT 10.00 1.00 X X 0 0 0 JOE M ALLBAUGH DIRECTOR 1.00 X 0 0 0 WILLIAM H ALLEN DIRECTOR (ENDING 6/1/2018) 1.00 X 0 0 0 THOMAS P ARVAS DIRECTOR 1.00 X 0 0 0 PAUL BABAZ DIRECTOR (STARTING 6/1/2018) 1.00 X 0 0 0 SCOTT L BACH DIRECTOR 1.00 X 0 0 0 WILLIAM A BACHENBERG DIRECTOR 1.00 X 0 0 0 BOB BARR DIRECTOR 1.00 X 0 0 0 RONNIE G BARRETT DIRECTOR 1.00 X 0 0 0 CLEL BAUDLER DIRECTOR 1.00 X 0 0 0 J KENNETH BLACKWELL DIRECTOR 1.00 X 0 0 0 MATT BLUNT DIRECTOR 1.00 X 0 0 0 DAN BOREN DIRECTOR 1.00 X 0 0 0 ROBERT K BROWN DIRECTOR 1.00 X 0 0 0 PETE R BROWNELL DIRECTOR 1.00 1.00 X 2997 0 0 DAVID BUTZ DIRECTOR 5.00 X 100000 0 0 DEAN CAIN DIRECTOR (STARTING 5/5/2018) 1.00 X 0 0 0 TED W CARTER DIRECTOR 1.00 X 0 0 0 PATRICIA A CLARK DIRECTOR 1.00 X 0 0 0 ALLAN D CORS DIRECTOR 1.00 X 0 0 0 CHARLES L COTTON DIRECTOR 1.00 X 0 0 0 DAVID G COY DIRECTOR 1.00 X 0 0 0 LARRY E CRAIG DIRECTOR 1.00 X 0 0 0 JOHN L CUSHMAN DIRECTOR 1.00 X 0 0 0 R LEE ERMEY DIRECTOR (ENDING 4/15/2018) 1.00 X 0 0 0 EDIE P FLEEMAN DIRECTOR 1.00 X 0 0 0 CAROL FRAMPTON DIRECTOR 1.00 X 0 0 0 JOEL FRIEDMAN DIRECTOR 1.00 X 0 0 0 SANDRA S FROMAN DIRECTOR 5.00 X 13060 0 0 JULIE GOLOB DIRECTOR (STARTING 5/5/2018) 5.00 X 28661 0 0 MARIA HEIL DIRECTOR 1.00 X 0 0 0 GRAHAM HILL DIRECTOR 1.00 X 0 0 0 STEVE HORNADY DIRECTOR (ENDING 5/5/2018) 1.00 X 0 0 0 SUSAN HOWARD DIRECTOR 1.00 X 0 0 0 CURTIS S JENKINS DIRECTOR 1.00 X 0 0 0 DAVID A KEENE DIRECTOR 1.00 X 40000 0 0 TOM KING DIRECTOR 1.00 X 0 0 0 TIMOTHY KNIGHT DIRECTOR 1.00 X 0 0 0 HERBERT A LANFORD JR DIRECTOR 1.00 X 0 0 0 WILLES K LEE DIRECTOR 1.00 X 0 0 0 CARRIE LIGHTFOOT DIRECTOR (STARTING 5/5/2018) 1.00 X 2907 0 0 DUANE LIPTAK JR DIRECTOR (STARTING 5/5/2018) 1.00 X 0 0 0 KARL A MALONE DIRECTOR 1.00 X 0 0 0 SEAN MALONEY DIRECTOR 1.00 X 0 0 0 ROBERT E MANSELL DIRECTOR 1.00 X 0 0 0 BILL MILLER DIRECTOR 1.00 X 0 0 0 OWEN BUZ MILLS DIRECTOR 1.00 X 5553 0 0 CRAIG MORGAN DIRECTOR 1.00 X 0 0 0 IL LING NEW DIRECTOR (STARTING 5/5/2018) 1.00 X 0 0 0 GROVER NORQUIST DIRECTOR (ENDING 5/5/2018) 1.00 X 0 0 0 ROBERT A NOSLER DIRECTOR 1.00 X 0 0 0 JOHNNY NUGENT DIRECTOR 1.00 X 0 0 0 TED NUGENT DIRECTOR 1.00 X 64234 0 0 LANCE OLSON DIRECTOR 5.00 X 75000 0 0 MELANIE PEPPER DIRECTOR 1.00 X 0 0 0 JAMES W PORTER II DIRECTOR 1.00 X 0 0 0 JAY PRINTZ DIRECTOR 1.00 X 0 0 0 TODD J RATHNER DIRECTOR 1.00 X 0 0 0 KIM RHODE DIRECTOR 1.00 X 0 0 0 WAYNE ANTHONY ROSS DIRECTOR 1.00 X 0 0 0 CARL T ROWAN JR DIRECTOR 1.00 X 0 0 0 DON SABA DIRECTOR 1.00 X 0 0 0 WILLIAM H SATTERFIELD DIRECTOR 1.00 X 0 0 0 RONALD L SCHMEITS DIRECTOR 1.00 X 0 0 0 ESTHER Q SCHNEIDER DIRECTOR 1.00 X 0 0 0 STEVEN C SCHREINER DIRECTOR 1.00 X 0 0 0 TOM SELLECK DIRECTOR (ENDING 9/8/2018) 1.00 X 0 0 0 JOHN C SIGLER DIRECTOR 1.00 X 0 0 0 LEROY SISCO DIRECTOR 1.00 X 0 0 0 BART SKELTON DIRECTOR 5.00 X 15000 0 0 STEPHANIE SPIKA DIRECTOR (4/15/2018-5/5/2018) 1.00 X 0 0 0 KRISTY TITUS DIRECTOR (STARTING 5/5/2018) 1.00 X 0 0 0 DWIGHT D VAN HORN DIRECTOR 1.00 X 0 0 0 BLAINE E WADE DIRECTOR 1.00 X 0 0 0 LINDA L WALKER DIRECTOR 1.00 X 0 0 0 HOWARD J WALTER DIRECTOR 1.00 X 0 0 0 HEIDI E WASHINGTON DIRECTOR 1.00 X 0 0 0 ALLEN B WEST DIRECTOR 1.00 X 0 0 0 ROBERT J WOS DIRECTOR (ENDING 5/5/2018) 1.00 X 0 0 0 DONALD E YOUNG DIRECTOR 1.00 X 0 0 0 WAYNE LAPIERRE CEO AND EXECUTIVE VICE PRESIDENT 60.00 1.00 X 2150634 0 73793 CHRIS W COX EXECUTIVE DIRECTOR, NRAILA 49.00 1.00 X 1285318 0 107350 WILSON H PHILLIPS TREASURER (ENDING 9/13/2018) 29.00 11.00 X 900537 0 48232 JOSHUA L POWELL CHIEF OF STAFF AND EXEC. DIR 40.00 X 844137 0 75832 CRAIG B SPRAY TREASURER (FROM 9/13/2018) 39.00 11.00 X 596958 0 51257 JOHN C FRAZER SECRETARY AND GENERAL COUNSEL 50.00 1.00 X 413076 0 76577 JOSEPH P DEBERGALIS JR EXEC DIR, GENERAL OPS (STARTING 12/3/18) 50.00 X 403226 0 57802 TYLER SCHROPP MANAGING DIRECTOR, ADVANCEMENT 50.00 1.00 X 733145 0 73623 TODD GRABLE EXECUTIVE DIRECTOR, MEMBERSHIP 50.00 X 667386 0 66154 DOUGLAS HAMLIN EXECUTIVE DIRECTOR, PUBLICATIONS 50.00 X 581321 0 74409 DAVID LEHMAN DEPUTY EXECUTIVE DIRECTOR, NRAILA 50.00 1.00 X 571732 0 31121 ERIC FROHARDT DIRECTOR, EDUCATION AND TRAINING 40.00 X 525745 0 19863 ROBERT K WEAVER FMR EXE. DIR, GENERAL OPERATIONS 0.00 X 720000 0 0 MICHEL MARCELLIN FMR MANAGING DIR, AFFINITY AND LICENSING 0.00 X 535045 0 0 OLIVER L NORTH PRESIDENT 20.00 1.00 X X 1377617 0 0 MARION P HAMMER DIRECTOR 5.00 X 270000 0 0 12923289 0 756013 122 1 1 1 ACKERMAN MCQUEEN INC 1601 NW EXPRESSWAY OKLAHOMA CITY OK 73118 PUBLIC RELATIONS AND ADVERTISING 31994168 INFOCISION MANAGEMENT CORP 325 SPRINGSIDE DR AKRON OH 44333 MEMBERSHIP PROCESSING AND CONTRIBUTION 25727854 BREWER ATTORNEYS AND COUNSELORS 1717 MAIN ST SUITE 5900 DALLAS TX 75201 LEGAL SERVICES 13832060 MEMBERSHIP MARKETING PARTNERS LLC 11250 WAPLES MILL TD SUITE 310 FAIRFAX VA 22030 FUNDRAISING PRINTING AND MAILING 12561213 VALTIM INC 1095 VENTURE DR FOREST VA 24551 FULFILLMENT CENTER 8836104 123 X 13959442 94640284 407352 108599726 MEMBER DUES 813410 170391374 170391374 PROGRAM FEES 813410 22618781 22618781 193010155 1193705 1193705 16532433 16532433 1357108 2203501 -846393 -846393 -846393 9261323 8262987 998336 998336 998336 1403289 296246 1107043 1107043 10853015 4389150 6463865 7513384 -1049519 ADVERTISING 541800 23881546 23881546 OTHER UNRELATED BUSINESS ACTIVITY 900004 1111167 1111167 CAFE SALES 722320 361429 361429 137852 137852 25491994 352550864 200661391 23943194 19346553 X 13328 13328 62333 62333 7673480 2458981 4792957 421542 720000 720000 40314676 25980846 11606692 2727138 7988421 4512549 2921394 554478 4538230 2878218 1345012 315000 2630035 1668010 779474 182551 25064761 8633178 16431583 164730 164730 618525 618525 7798658 7798658 197342 197342 17858262 17858262 50197599 38815749 11381850 6668186 3553053 3115133 11707133 6794820 4912313 1936953 1067454 869499 8472207 6123416 2348791 8076852 5848020 2228832 1645869 876110 769759 4065900 2900998 1164902 1772834 1772834 ADD'L MEMBER COMMUNICAT 62702161 41126865 21575296 ADD'L TRAINING AND COMM 34628656 34628656 ADD'L PRINTING AND PUBL 25296137 25296137 ADD'L ILA LEGISLATIVE P 10600121 10600121 11861928 6816302 1910554 3135072 355275317 250904765 56278967 48091585 17764563 23937821 1184593 841562 66861150 70154574 3000000 3000000 13639054 10632177 3277662 3179694 79426001 46716970 34475160 32709031 47415094 44066394 646822 871077 7861583 7819750 196125681 197212080 90339532 84837717 31402766 46580520 47121100 43138412 2312080 6623905 171175478 181180554 X -31779579 -36276779 11398818 5268615 45330964 47039690 24950203 16031526 196125681 197212080 X -2724453 -5029267 -1164957 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4319458 10000 785548 0 785548 1 REPUBLICAN ATTORNEYS GENERAL ASSOCIATION 1747 PENNSYLVANIA AVE NW STE 800 WASHINGTON DC 20006 464501717 85000 0 REPUBLICAN GOVERNORS ASSOCIATION 1747 PENNSYLVANIA AVE NW STE 250 WASHINGTON DC 20006 113655877 135000 0 COLORADO REPUBLICAN COMMITTEE 59505 S WILLOW DR GREENWOOD VILLAGE CO 80111 840690399 120 0 NRA POLITICAL VICTORY FUND (SEE PARTS I-A AND IV) 11250 WAPLES MILL RD FAIRFAX VA 22030 521083020 0 3078 1 0 0 PART I-A, LINE 1: SUPPORT FOR FUNDRAISING AND ADMINISTRATIVE EXPENSES OF A SEPARATE SEGREGATED FUND IS INDUSTRY STANDARD FOR NONPROFIT ORGANIZATIONS LIKE THE NRA, AS ALLOWED BY LAW. IN 2018, THE NRA PAID $4,319,459 FUNDRAISING AND ADMINISTRATIVE EXPENSES FOR THE SEPARATE SEGREGATED FUND, NRA POLITICAL VICTORY FUND, AS ALLOWED BY LAW. THE NRA ENGAGED IN ACTIVITIES IN SUPPORT OF ITS MISSION, WHICH INCLUDES PROTECTING AND DEFENDING THE CONSTITUTION OF THE UNITED STATES, ESPECIALLY WITH REFERENCE TO THE INALIENABLE RIGHT OF INDIVIDUAL AMERICAN CITIZEN GUARANTEED BY SUCH CONSTITUTION TO ACQUIRE, POSSESS, COLLECT, EXHIBIT, TRANSPORT, CARRY, TRANSFER OWNERSHIP OF, AND ENJOY THE RIGHT TO USE ARMS, IN ORDER THAT THE PEOPLE MAY ALWAYS BE IN A POSITION TO EXERCISE THEIR LEGITIMATE INDIVIDUAL RIGHTS OF SELF PRESERVATION AND DEFENSE OF FAMILY, PERSON, AND PROPERTY. IN PURSUIT OF THESE GOALS OF THE ASSOCIATION, THE NRA SPENT FUNDS DIRECTLY AND INDIRECTLY ON POLITICAL ACTIVITIES, WHICH WERE NOT THE PRIMARY ACTIVITIES OF THE ORGANIZATION. THE NRA IS ORGANIZED PRIMARILY TO PROMOTE SOCIAL WELFARE AND CAN ALSO ENGAGE IN POLITICAL ACTIVITIES ON BEHALF OF OR IN OPPOSITION TO CANDIDATES FOR POLITICAL OFFICE, AS ALLOWED BY LAW. BY ANY MEASURE, THE PERCENTAGE OF FUNDS SPENT BY THE NRA ON POLITICAL ACTIVATES IS MODEST IN COMPARISON TO THE BUDGET DEVOTED TO THE PRIMARY ACTIVITIES OF THE NRA. FOR INSTANCE, ALL EXPENDITURES NOTED ON PART I-A AND I-C OF SCHEDULE C AMOUNTED TO ABOUT 1% OF THE NRA'S TOTAL EXPENSES IN 2018, AS APPLIED TO TOTAL EXPENSES REPORTED ON FORM 990, PART IX, LINE 25. REPORTERS AND OTHER READERS ARE ALSO KINDLY REMINDED THAT THE SEPARATE SEGREGATED FUND IS A SEPARATE ENTITY FOR TAX PURPOSES. PART I-C LINE 4 THIS INFORMATION NOTE REGARDS THE NRA'S TAXES. THE NRA SEPARATELY FILES FORM 1120-POL, WHICH IS NOT SUBJECT TO PUBLIC DISCLOSURE. THE FOLLOWING INFORMATION ABOUT TAXES PAID WITH THE NRA'S FORMS 1120-POL IS SHARED HERE ON A VOLUNTARY BASIS AS A SERVICE TO READERS AND TO DEMONSTRATE IN GOOD FAITH THAT THE ORGANIZATION IS A TAXPAYER IN GOOD STANDING. 527(F) PROXY TAX IS PAID ON THE LESSER OF NET INVESTMENT INCOME OR CERTAIN POLITICAL EXPENDITURES AS DEFINED BY THE FEDERAL TAX CODE, SUCH AS WHEN CERTAIN POLITICAL COMMUNICATIONS EXPRESSLY ADVOCATE THE ELECTION OR DEFEAT OF A CANDIDATE AND ARE MADE BY THE NRA ITSELF RATHER THAN BY THE NRA'S SEPARATE SEGREGATED FUND. THE AMOUNT OF 527 (F) PROXY TAX PAID WITH THE NRA'S 2018 FORM 1120-POL WAS $164,944. HISTORICALLY, NO 527(F) PROXY TAX WAS REQUIRED TO BE PAID FOR 2017; THE AMOUNT OF 527(F) PROXY TAX PAID WITH THE NRA'S 2016 FORM 1120-POL WAS $20,835; THE AMOUNT PAID WITH THE NRA'S 2015 FORM 1120-POL WAS $21,817. AS ANOTHER POLITE REMINDER TO REPORTERS AND OTHER READERS, FORM 990 INFORMATION IS NOT NECESSARILY EXPECTED TO TIE TO FEDERAL ELECTION COMMISSION (FEC) REPORTING DUE TO DIFFERENT DEFINITIONS AND EXCLUSIONS IN THE DIFFERENT REGULATORY REGIMES. PART I-C LINE 5 THE NRA POLITICAL VICTORY FUND, AND AN INDEPENDENT POLITICAL ACTION COMMITTEE (PAC) OF THE NRA, DIRECTLY RECEIVED CONTRIBUTIONS DURING 2018 OF $12,938,624. X X X X 1 20556237 1603940 -886512 940564 49737 20283364 19520783 1371910 625818 916400 35574 20566537 17657500 1482504 1204551 786344 37728 19520483 16738628 1988178 -266970 772538 29798 17657500 15706221 1346379 366395 642077 38290 16738628 1.00000 0 1 1 5380792 5380792 55410753 32259301 23151452 18634456 14457669 4176787 32709031 NOTE PAYABLE - NRA FOUNDATION 5000000 CAPITAL LEASE ARRANGEMENT 1037889 DERIVATIVE INSTRUMENT MARKET VALUATION 429922 ACCRUED SALES AND USE TAXES 149220 COUPON LIABILITY 6874 6623905 X 352886958 -5029267 -1164957 -6194224 359081182 -6530318 -6530318 352550864 361805635 6592651 6592651 355212984 62333 62333 355275317 PART III, LINE 4: THIS RESPONSE DESCRIBES THE MUSEUM COLLECTIONS WHICH ARE HELD BY THE NRA'S RELATED ORGANIZATIONS AND CURATED BY NRA EMPLOYEES. THE NRA MUSEUMS PROMOTE GUN COLLECTING AND PRESERVATION OF HISTORY THOUGH FIREARMS. THE NRA MUSEUMS INCLUDE THE NATIONAL FIREARMS MUSEUM IN FAIRFAX, VIRGINIA: THE FRANK BROWNELL MUSEUM OF THE SOUTHWEST IN RATON, NEW MEXICO; AND THE NRA NATIONAL SPORTING ARMS MUSEUM AT BASS PRO SHOPS IN SPRINGFIELD, MISSOURI. TO MAKE THE NRA MUSEUMS THE FINEST POSSIBLE RESOURCE FOR THE PUBLIC, THE NRA AND ITS AFFILIATED CHARITIES RELY ON GENEROUS SUPPORTERS TO BUILD THE EXHIBITION AND RESEARCH COLLECTIONS THROUGH COLLECTIONS OF HISTORICALLY SIGNIFICANT FOREARMS. PLEASE VISIT NRAMUSEUMS.ORG FOR CURRENT INFORMATION ON THE MUSEUM GALLERIES. LINE 5 THIS RESPONSE EXPLAINS WHY THE NRA MAY SOLICIT OR RECEIVE ASSETS THAT SOME DONORS INTEND TO BE SOLD RATHER THAN MAINTAINED PERMANENTLY. WHEN DONORS INTEND THEIR GIFTS OF FIREARMS TO BE SOLD RATHER THEN HELD FOR EXHIBITION OR RESEARCH IN THE COLLECTIONS OF THE NRA MUSEUM, THE NRA PARTNERS WITH AUCTION HOUSES. DONORS MAY CHOOSE TO HAVE GUNS SOLD FOR VARIOUS REASONS, SUCH AS TO SUPPORT CURRENT PROGRAM SERVICES OR TO FUND A CHARITABLE GIFT ANNUITY OR CHARITABLE TRUST WITH ONE OF THE NRA'S AFFILIATED CHARITIES. THE PHILANTHROPIC INTENT OF EACH DONOR DETERMINES HOW A GIFT IS HANDLED. PART V, LINE 4: THIS RESPONSE DESCRIBES THE INTENDED USES OF THE ORGANIZATION'S ENDOWMENT FUNDS. THE ENDOWMENT FUNDS BENEFIT A DIVERSE RANGE OF PHILANTHROPIC INTERESTS, INCLUDING TRAINING IN MARKSMANSHIP, NATIONAL SHOOTING CHAMPIONSHIPS, WOMEN'S LEADERSHIP, HUNTERS'LEADERSHIP, RECREATIONAL SHOOTING, LAW ENFORCEMENT, NRA MUSEUMS, AND THE NATIONAL ENDOWMENT FOR THE PROTECTION OF THE SECOND AMENDMENT. PART X, LINE 2: THIS RESPONSE PROVIDES THE TEXT OF THE FOOTNOTE TO THE ORGANIZATION'S FINANCIAL STATEMENTS IN ACCORDANCE WITH FASB ASC 740. MANAGEMENT EVALUATED THE NRA'S TAX POSITIONS AND CONCLUDED THAT THE NRA HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. GENERALLY, THE NRA IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE, OR LOCAL AUTHORITIES FOR YEARS BEFORE 2015, WHICH IS THE STANDARD STATUTE OF LIMITATIONS LOOKBACK PERIOD. PART XI, LINE 2D - OTHER ADJUSTMENTS: AGENCY TRANSACTIONS BETWEEN THE NRA AND NRA FOUNDATION -1,910,739. UNREALIZED GAIN ON DERIVATIVE INSTRUMENT 745,782. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -4,389,150. RENTAL EXPENSE -2,203,501. INTEREST ON ENDOWMENT GRANTS 62,333. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 4,389,150. RENTAL EXPENSE 2,203,501. PART XII, LINE 4B - OTHER ADJUSTMENTS: INTEREST ON ENDOWMENT GRANTS 62,333. PART X LINE 1(4) THIS INFORMATIONAL NOTE PROVIDES CONTEXT FOR THE DERIVATIVE FINANCIALS INSTRUMENT DISCLOSED AS A LIABILITY. INTEREST RATE SWAPS ARE ENTERED INTO TO MANAGE INTEREST RATE RISKS ASSOCIATED WITH THE NRA'S BORROWING, AND INTEREST RATE SWAPS ARE ACCOUNTED FOR IN ACCORDANCE WITH FASB ASC 815. THE NRA'S INTEREST RATE SWAP IS RECORDED IN THE BALANCE SHEET AT FAIR VALUE, WITH FAIR VALUE CHANGES RECORDED AS UNREALIZED GAIN OR LOSS ON DERIVATIVE INSTRUMENT. AS OF MARCH 2019, THE NRA NO LONGER HAS AN INTEREST RATE SWAP ARRANGEMENT. LINE 1(6) THIS INFORMATIONAL NOTE REGARDS THE NRA'S TAXES. THE NRA IS A SUBSTANTIAL TAXPAYER AND REMAINS IN GOOD STANDING WITH THE TAX AUTHORITIES. STATE AND LOCAL TAXES PAID BY THE NRA INCLUDE SALES AND USE TAXES, REAL ESTATE AND PERSONAL PROPERTY TAXES, AMUSEMENT TAXES, AND STATE UNEMPLOYMENT TAXES. THE LIABILITY SHOWN ON SCHEDULE D, PART X FOR ACCRUED SALES AND USE TAXES RELATES TO TIMING AND IS A SMALL FRACTION OF TAXES PAID DURING THE YEAR. ADDITIONAL NOTES REGARDING THE NRA'S TAXES ARE SHARED ON SCHEDULE C REGARDING 527(F) PROXY TAXES AND ON SCHEDULE O REGRADING UNRELATED BUSINESS INCOME TAXES. THE NRA CHOOSES TO SHARE THIS ADDITIONAL INFORMATION ABOUT THE NRA'S TOTAL TAXES TO DEMONSTRATE IN GOOD FAITH THAT THE ORGANIZATION IS A TAXPAYER IN GOOD STANDING. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 3021000 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES PUBLICATIONS 4000 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES PUBLICATIONS 5000 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 FUNDRAISING 9000 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES PUBLICATIONS 21000 MIDDLE EAST AND NORTH AFRICA 0 0 FUNDRAISING 5000 NORTH AMERICA 0 0 FUNDRAISING 6000 NORTH AMERICA 0 0 PROGRAM SERVICES PUBLICATIONS 10000 NORTH AMERICA PROGRAM SERVICES NRA OUTDOORS 37000 SOUTH AMERICA 0 0 FUNDRAISING 4000 SOUTH AMERICA 0 0 PROGRAM SERVICES PUBLICATIONS 8000 SUB-SAHARAN AFRICA PROGRAM SERVICES NRA OUTDOORS 7000 0 0 0 0 0 0 3081000 56000 3137000 0 0 0 0 0 0 PART I, LINE 3: THE NRA'S OFFSHORE INVESTMENTS FOLLOW INDUSTRY STANDARD BEST PRACTICES IN RISK MANAGEMENT FOR NATIONAL NONPROFIT INSTITUTIONAL INVESTORS. ALTERNATIVE INVESTMENTS REDUCE OVERALL PORTFOLIO RISK BY REDUCING VOLATILITY AND IMPROVING DIVERSIFICATION. THE NRA MAINTAINS SEVERAL INVESTMENT ACCOUNTS THAT ARE MULTI-STRATEGY FUNDS OF FUNDS. INCOME FROM PASSIVE INVESTMENTS, WHEN APPROPRIATELY STRUCTURED, IS EXCLUDED FROM UNRELATED BUSINESS INCOME BY LAW. THIS TYPE OF INVESTMENT POSTURE IS COMMONLY ACCEPTED IN THE U.S. EXEMPT ORGANIZATION INDUSTRY. 100% OF THE AMOUNT IS THE TOTAL BOOK VALUE OF INVESTMENTS FOR THAT REGION. SCHEDULE F, PART I, LINE 3 THIS DISCLOSURE REFERS TO FOREIGN FUNDRAISING. 100% OF THE AMOUNT IS THE CASH VALUE OF EXPENDITURES MADE BY THE NRA FOR NECESSARY TRAVEL, ACCOMMODATIONS, AND RELATED EXPENSES. THIS DISCLOSURE OF PROGRAM SERVICES REFERS TO NRA PUBLICATIONS DIVISION'S FOREIGN TRAVEL EXPENSES RELATING TO GATHERING MATERIALS FOR NRA MAGAZINES. 100% OF THE AMOUNT IS THE CASH VALUE OF EXPENDITURES MADE BY THE NRA FOR NECESSARY TRAVEL, ACCOMMODATIONS, AND RELATED EXPENSES. X X X 1 ALLEGIANCE DBA MEMBERSHIP ADVISORS 11250 WAPLES MILL RD FAIRFAX VA 22030 FUNDRAISING CONSULTANT 0 42370456 1070000 41300456 INFOCISION MANAGEMENT CORP 325 SPRINGSIDE DR AKRON OH 44333 PAID SOLICITOR 0 9521431 4840658 4680773 501C SOLUTIONS 2530 MERIDIAN PKWY STE 300 RESEARCH TRIANGLE PARK NC 27713 FUNDRAISING CONSULTANT 0 0 616000 0 SHARPE GROUP 855 RIDGE LAKE BLVD STE 300 MEMPHIS TN 38120 FUNDRAISING CONSULTANT 0 0 480000 0 HWS CONSULTING 221 HOMEPORT DR GRASONVILLE MD 21638 FUNDRAISING CONSULTANT 0 0 360000 0 MCKENNA & ASSOCIATES 2000 CALRENDON BLVD STE 200 ARLINGTON VA 22201 FUNDRAISING CONSULTANT 0 0 300000 0 KEY & ASSOCIATES 12176 CHANCERY STATION CIR RESTON VA 20190 FUNDRAISING CONSULTANT 0 0 72000 0 COMMONWEALTH GROUP PARTNERS 1579 MONROE SR STE F-341 ATLANTA GA 30324 FUNDRAISING CONSULTANT 0 0 60000 0 51891887 7798658 45981229 AL AK AZ AR CA CO CT FL DC GA HI IL KS KY LA MA MD ME MI MN MO MS NC ND NH NJ NM NY OK OH OR PA RI SC TN UT VA WA WI WV NRAILA 1403289 1403289 54440 154712 38776 48318 1403289 1403289 54440 154712 38776 48318 296246 1107043 PART I LINE 2B(2) THIS SUPPLEMENTAL INFORMATION NOTES THE DISTINCTION BETWEEN 990 CORE FORM PART VIII SECTION B LINE 1 AND SCHEDULE G PART I LINE 2B(2) FOR THE FILING ORGANIZATION'S VENDOR INFOCISION MANAGEMENT CORP. THE VENDOR INFOCISION PROVIDED SERVICES TO THE FILING ORGANIZATION FOR BOTH MEMBERSHIPS AND CONTRIBUTIONS SOLICITATIONS, AS SHOWN ON 990 CORE FORM PART VIII SECTION B LINE 1. SCHEDULE G IS SPECIFIC TO THE VENDOR'S WORK AS A PAID SOLICITOR PROVIDING PROFESSIONAL FUNDRAISING SERVICES. THEREFORE, THE SCHEDULE G DISCLOSURE EXCLUDES THE MEMBERSHIP PROCESSING SERVICES. 1 NATIONAL FOUNDATION FOR WOMEN LEGISLATORS 910 16TH ST NW WASHINGTON DC 20006 521480785 501(C)(3) 13328 UNDERGRADUATE COLLEGE SCHOLARSHIPS 1 0 NRA JEANNE E BRAY MEMORIAL SCHOLARSHIP AWARDS 20 62333 PART I, LINE 2: PART I LINE 2 THE NATIONAL FOUNDATION FOR WOMEN LEGISLATORS PARTNERS WITH THE NATIONAL RIFLE ASSOCIATION FOR THE ANNUAL NFWL/NRA BILL OF RIGHTS ESSAY SCHOLARSHIP CONTEST FOR FEMALE HIGH SCHOOL JUNIORS AND SENIORS. THE NRA ACTIVELY ASSISTS NATIONAL FOUNDATION OF WOMEN LEGISLATORS IN THE SELECTION AND ADMINISTRATION OF NFWL SCHOLARSHIPS FOR COLLEGE. NFWL SCHOLARSHIP APPLICATIONS ARE ASSESSED ON THE ELEMENTS OF HISTORICAL RESEARCH, INSIGHT AND PERSPECTIVE, DEMONSTRATED UNDERSTANDING OF THE AMERICAN CONSTITUTION, INSPIRATIONAL QUALITY, AND MEANINGFUL PERSONAL CONNECTION. SCHOLARSHIP AWARDS ARE PAID DIRECTLY TO THE EDUCATIONAL INSTITUTION. PART III LINE 1 THE NRA JEANNE E. BRAY MEMORIAL SCHOLARSHIP AWARDS PROGRAM IS NAMED IN HONOR AND RECOGNITION OF THE GROUNDBREAKING POLICE OFFICER JEANNE E. BRAY, A SHOOTING CHAMPION AND PAST MEMBER OF THE NRA BOARD OF DIRECTORS. JEANNE E. BRAY WAS THE FIRST FEMALE DETECTIVE ON BURGLARY SQUAD, WHICH HAS EVOLVED INTO TODAY'S MODERN SWAT TEAMS. SHE WAS THE FIRST FEMALE POLICE OFFICER TO EARN THE NRA POLICE MARKSMANSHIP "DISTINGUISHED" BAR, AND SHE WON THE NATIONAL WOMEN'S POLICE PISTOL COMBAT CHAMPIONSHIP FIVE TIMES FROM 1962 TO 1967. THE PROGRAM OFFERS SCHOLARSHIPS OF UP TO $2,500 PER SEMESTER, UP TO $5,000 PER YEAR FOR A MAXIMUM OF FOUR YEARS, TO DEPENDENT CHILDREN OF ANY PUBLIC LAW ENFORCEMENT OFFICER KILLED IN THE LINE OF DUTY WHO WAS AN NRA MEMBER AT THE TIME OF DEATH, AND TO DEPENDENT CHILDREN OF ANY CURRENT OR RETIRED LAW ENFORCEMENT OFFICERS WHO ARE LIVING AND HAVE CURRENT NRA MEMBERSHIP. THE MEMBERSHIP RESTRICTION IS PERMITTED BY LAW BECAUSE THE NRA JEANNE E. BRAY MEMORIAL SCHOLARSHIP AWARDS PROGRAM IS A 501(C)(4) PROGRAM. SCHOLARSHIP AWARDS ARE PAID DIRECTLY TO THE EDUCATIONAL INSTITUTION. X X X X X 1 1 X X X X X 1 1 0 0 0 0 0 0 0 WAYNE LAPIERRE CEO AND EXECUTIVE VICE PRESIDENT 1267878 0 455000 0 427756 0 20280 0 53513 0 2224427 0 0 0 CHRIS W COX EXECUTIVE DIRECTOR, NRAILA 1057586 0 200000 0 27732 0 35484 0 71866 0 1392668 0 0 0 WILSON H PHILLIPS TREASURER (ENDING 9/13/2018) 573567 0 210000 0 116970 0 20280 0 27952 0 948769 0 0 0 JOSHUA L POWELL CHIEF OF STAFF AND EXEC. DIR 782739 0 0 0 61398 0 16500 0 59332 0 919969 0 0 0 CRAIG B SPRAY TREASURER (FROM 9/13/2018) 401111 0 0 0 195847 0 16500 0 34757 0 648215 0 0 0 JOHN C FRAZER SECRETARY AND GENERAL COUNSEL 325953 0 54100 0 33023 0 16500 0 60077 0 489653 0 0 0 JOSEPH P DEBERGALIS JR EXEC DIR, GENERAL OPS (STARTING 12/3 347452 0 0 0 55774 0 16500 0 41302 0 461028 0 0 0 TYLER SCHROPP MANAGING DIRECTOR, ADVANCEMENT 604803 0 122206 0 6136 0 16500 0 57123 0 806768 0 0 0 TODD GRABLE EXECUTIVE DIRECTOR, MEMBERSHIP 438703 0 217553 0 11130 0 16500 0 49654 0 733540 0 0 0 DOUGLAS HAMLIN EXECUTIVE DIRECTOR, PUBLICATIONS 443585 0 80000 0 57736 0 16443 0 57966 0 655730 0 0 0 DAVID LEHMAN DEPUTY EXECUTIVE DIRECTOR, NRAILA 450057 0 50000 0 71675 0 16500 0 14621 0 602853 0 0 0 ERIC FROHARDT DIRECTOR, EDUCATION AND TRAINING 500000 0 0 0 25745 0 15000 0 4863 0 545608 0 0 0 ROBERT K WEAVER FMR EXE. DIR, GENERAL OPERATIONS 0 0 0 0 720000 0 0 0 0 0 720000 0 0 0 MICHEL MARCELLIN FMR MANAGING DIR, AFFINITY AND LICEN 0 0 0 0 535045 0 0 0 0 0 535045 0 0 0 OLIVER L NORTH PRESIDENT 1377617 0 0 0 0 0 0 0 0 0 1377617 0 0 0 MARION P HAMMER DIRECTOR 270000 0 0 0 0 0 0 0 0 0 270000 0 0 0 PART I, LINE 1A CHARTER TRAVEL WAS USED ON OCCASIONS WHEN TRAVEL LOGISTICS OR SECURITY CONCERNS PRECLUDED OTHER AVAILABLE OPTIONS. COMPANIONS OCCASIONALLY TRAVEL VIA PRIVATE AIRCRAFT WITH NRA OFFICIALS AND VENDORS IN CONNECTION WITH THEIR PROFESSIONAL RESPONSIBILITIES. CERTAIN COMPENSATION ELEMENTS WERE GROSSED UP FOR ONE INDIVIDUAL FOR ONE TIME RELOCATION COSTS AND THE TAX GROSS UP WAS PROPERLY INCLUDED IN TAXABLE COMPENSATION . HOUSING EXPENSES WERE PROVIDED FOR FIVE INDIVIDUALS AND WERE PROPERLY INCLUDED IN TAXABLE COMPENSATION. DUES FOR CLUBS USED FOR BUSINESS PURPOSES WERE PROPERLY EXCLUDED FROM TAXABLE COMPENSATION. PART I, LINE 3 COMPENSATION OF THE NRA'S TOP MANAGEMENT OFFICIALS IS ESTABLISHED BY METHODS INCLUDING INDEPENDENT COMPENSATION CONSULTANTS, COMPENSATION SURVEYS AND STUDIES, AND COMPARABILITY DATA. IN ADDITION, UNDER THE NRA BYLAWS COMPENSATION OF CERTAIN ELECTED OFFICERS (INCLUDING THE EXECUTIVE VICE PRESIDENT) MUST BE APPROVED BY THE BOARD OF DIRECTORS, BASED ON RECOMMENDATIONS BY THE COMPENSATION COMMITTEE. ALL DECISIONS ARE PROPERLY DOCUMENTED. PART I, LINES 4A-B ROBERT K. WEAVER'S EMPLOYMENT AS EXECUTIVE DIRECTOR OF GENERAL OPERATIONS ENDED IN 2016 AND DURING CALENDAR YEAR 2018 MR. WEAVER RECEIVED TAXABLE COMPENSATION OF $720,000. MICHEL MARCELLIN'S EMPLOYMENT AS MANAGING DIRECTOR OF AFFINITY AND LICENSING ENDED IN 2016 AND DURING CALENDAR YEAR 2018 MR. MARCELLIN RECEIVED TAXABLE COMPENSATION OF $535,045. 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. PART II COLUMN B(I) MR. NORTH RECEIVED $1,377,617 PAID BY AN UNRELATED ORGANIZATION, ACKERMAN MCQUEEN (AS FURTHER DETAILED ON SCHEDULE O). COLUMN B(III) OTHER REPORTABLE COMPENSATION WITHIN TAXABLE WAGES FOR MR. LAPIERRE INCLUDED $365,909 457(F) PAYOUT, $38,862 GROUP LIFE INSURANCE, $18,500 457(B) PLAN, AND $4,485 TAXABLE PERSONAL EXPENSES. OTHER REPORTABLE COMPENSATION WITHIN TAXABLE WAGES FOR MR. COX INCLUDED $18,500 457(B) PLAN, $7,830 GROUP LIFE INSURANCE, AND $1,402 TAXABLE PERSONAL EXPENSES. OTHER REPORTABLE COMPENSATION WITHIN TAXABLE WAGES FOR MR. PHILLIPS INCLUDED $73,978 457(F) PAYOUT, $21,012 GROUP LIFE INSURANCE, $18,500 457(B) PLAN, AND $3,480 TAXABLE PERSONAL EXPENSES. OTHER REPORTABLE COMPENSATION WITHIN TAXABLE WAGES FOR MR. POWELL INCLUDED $57,168 TAXABLE PERSONAL EXPENSES AND $4,230 GROUP LIFE INSURANCE. OTHER REPORTABLE COMPENSATION WITHIN TAXABLE WAGES FOR MR. SPRAY INCLUDED $175,174 ONE-TIME RELOCATION COSTS AND TEMPORARY LIVING EXPENSES, $18,500 457(B) PLAN, AND $2,173 GROUP LIFE INSURANCE. OTHER REPORTABLE COMPENSATION WITHIN TAXABLE WAGES FOR MR. FRAZER INCLUDED $18,500 457(B) PLAN, $10,681 TAXABLE PERSONAL EXPENSES, AND $3,842 GROUP LIFE INSURANCE. OTHER REPORTABLE COMPENSATION WITHIN TAXABLE WAGES FOR MR. DEBERGALIS INCLUDED $35,342 TAXABLE PERSONAL EXPENSES, $18,500 457(B) PLAN, AND $1,932 GROUP LIFE INSURANCE. OTHER REPORTABLE COMPENSATION WITHIN TAXABLE WAGES FOR MR. SCHROPP INCLUDED $1,530 GROUP LIFE INSURANCE AND $2,842 TAXABLE PERSONAL EXPENSES. OTHER REPORTABLE COMPENSATION WITHIN TAXABLE WAGES FOR MR. GRABLE INCLUDED $9,600 TAXABLE PERSONAL EXPENSES AND $1,530 GROUP LIFE INSURANCE. OTHER REPORTABLE COMPENSATION WITHIN TAXABLE WAGES FOR MR. HAMLIN INCLUDED $24,505 TAXABLE PERSONAL EXPENSES, $18,500 457(B) PLAN, AND $14,731 GROUP LIFE INSURANCE. OTHER REPORTABLE COMPENSATION WITHIN TAXABLE WAGES FOR MR. LEHMAN INCLUDED $50,691 457(F) PAYOUT, $18,500 457(B) PLAN, AND $2,484 GROUP LIFE INSURANCE. OTHER REPORTABLE COMPENSATION WITHIN TAXABLE WAGES FOR MR. FROHARDT INCLUDED $24,605 TAXABLE PERSONAL EXPENSES AND $1,140 GROUP LIFE INSURANCE. COLUMN C EMPLOYER DEPOSITS TOWARD BENEFITS THAT WILL NOT BE PAID UNTIL A FUTURE DATE ARE SHOWN IN COLUMN C. THE AMOUNT FOR MR. LAPIERRE INCLUDED $16,500 401(K) AND $3,780 PENSION PLAN. THE AMOUNT FOR MR. COX INCLUDED $16,500 401(K), $15,204 457(F), AND $3,780 PENSION PLAN. THE AMOUNT FOR MR. PHILLIPS INCLUDED $16,500 401(K) AND $3,780 PENSION PLAN. THE AMOUNT FOR MR. POWELL INCLUDED $16,500 401(K). THE AMOUNT FOR MR. SPRAY INCLUDED $16,500 401(K). THE AMOUNT FOR MR. FRAZER INCLUDED $16,500 401(K). THE AMOUNT FOR MR. DEBERGALIS INCLUDED $16,500 401(K). THE AMOUNT FOR MR. SCHROPP INCLUDED $16,500 401(K). THE AMOUNT FOR MR. GRABLE INCLUDED $16,500 401(K). THE AMOUNT FOR MR. HAMLIN INCLUDED $16,443 401(K). THE AMOUNT FOR MR. LEHMAN INCLUDED $16,500 401(K). THE AMOUNT FOR MR. FROHARDT INCLUDED $15,000 401(K). 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. TOM SELLECK SEE PART V 476000 SEE PART V 0 JIM POWELL ADVERPHOTOGRAPHY SEE PART V 11513 SEE PART V 0 SCH L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: (A) NAME OF PERSON: TOM SELLECK(B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION:BOARD MEMBER(D) DESCRIPTION OF TRANSACTION: THE NRA PURCHASED A GROUP OF COLLECTIBLE FIREARMS THAT ORIGINATED FROM THE COLLECTION OF THEN-BOARD MEMBER TOM SELLECK FOR $476,000. THE NRA INTENDS TO RESELL THE FIREARMS OR OTHERWISE USE THEM IN NRA FUNDRAISING EFFORTS. BOARD MEMBER LANCE OLSON,A LICENSED FIREARMS DEALER WHO PROVIDED CONSULTING SERVICES TO THE NRA ON GUN COLLECTOR OUTREACH,ASSISTED IN THE TRANSACTION.(A) NAME OF PERSON: JIM POWELL ADVERTISING PHOTOGRAPHY(B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION:OWNER IS AN OFFICER'S RELATIVE(D) DESCRIPTION OF TRANSACTION: THE NRA PURCHASED JIM POWELL ADVERTISING PHOTOGRAPY SERVICES FOR NRA COMPETITIONS EVENTS. THE OWNER OF THE PHOTOGRAPHY SERVICES COMPANY, JIM POWELL, IS THE FATHER OF NRA OFFICER JOSH POWELL. X 11600 407352 FMV 0 1 1 PART I, LINE 32B: ON OCCASION AND AS APPROPRIATE, SECURITIES AND OTHER DONATED LIQUID OR ILLIQUID ASSETS CAN BE CONVERTED INTO CASH BY THE OUTSIDE THIRD PARTY SPECIALISTS THAT PARTNER WITH THE NRA TO FULFILL THE PHILANTHROPIC INTENTIONS OF THE DONORS. FORM 990, PART I, SECTION 1, LINE 1 THE NRA IS A 501(C)(4) MEMBERSHIP ASSOCIATION WITH FOUR 501(C)(3) PUBLIC CHARITIES AND A SECTION 527 POLITICAL ACTION COMMITTEE (PAC) WHICH IS A SEPARATE SEGREGATED FUND. THE FOUR CHARITIES AFFILIATED WITH THE NRA ARE NRA CIVIL RIGHTS DEFENSE FUND, NRA FOUNDATION INC, NRA FREEDOM ACTION FOUNDATION, AND NRA SPECIAL CONTRIBUTION FUND DBA NRA WHITTINGTON CENTER. THE POLITICAL ACTION COMMITTEE IS NRA POLITICAL VICTORY FUND. SEE SCHEDULE R, PART II. FORM 990, PART I, LINE 7 THIS INFORMATIONAL NOTE REGARDS THE NRA'S UNRELATED BUSINESS INCOME. FORM 990 PAGE 1 SHOWS GROSS UNRELATED BUSINESS REVENUE ON LINE 7A AND NET UNRELATED BUSINESS TAXABLE INCOME ON LINE 7B. THE NRA DID NOT OWE UNRELATED BUSINESS INCOME TAX FOR THE YEAR 2018 BECAUSE DIRECTLY CONNECTED DEDUCTIONS WERE GREATER THAN THE ASSOCIATED INCOME IN 2018. THE MAIN SOURCES OF NRA UNRELATED BUSINESS INCOME, AS SHOWN ON 990 PART VIII, COLUMN C, ARE CERTAIN MERCHANDISE SALES FROM THE E-COMMERCE PLATFORMS, ADVERTISING, AND OTHER ACTIVITIES NOT RELATED TO THE NRA'S TAX EXEMPT PURPOSES. ADDITIONAL INFORMATIONAL NOTES RELATED TO THE NRA'S TAXES ARE SHARED ON SCHEDULE C REGARDING 527(F) PROXY TAXES AND SCHEDULE D REGARDING STATE AND LOCAL TAXES. THE NRA CHOOSES TO SHARE THIS EXTRA INFORMATION ABOUT THE TAXES IN ORDER TO DEMONSTRATE IN GOOD FAITH THAT THE ORGANIZATION IS A TAXPAYER IN GOOD STANDING. FORM 990 PART I, LINE 8 THIS INFORMATIONAL NOTE REGARDS THE NRA'S CONTRIBUTION REVENUE. THE VAST MAJORITY OF CONTRIBUTIONS TO THE NRA COMES FROM MILLIONS OF SMALL INDIVIDUAL DONORS. GIFTS FROM COMPANIES AND EXECUTIVES IN THE FIREARMS, HUNTING, AND SHOOTING SPORTS INDUSTRIES INDUSTRIES TYPICALLY COMPRISE LESS THAN 5% OF THE NRA'S CONTRIBUTION REVENUE EVERY YEAR, AS APPLIED TO CONTRIBUTION REVENUE REPORTED ON FORM 990, PART VIII, LINE 1. FORM 990, PART VI, SECTION A, LINE 2 SEVERAL NRA DIRECTORS ARE EMPLOYED IN THE FIREARMS INDUSTRY AS MANUFACTURERS OR SELLERS OF FIREARMS, AMMUNITION, OR COMPONENTS THEREOF. THESE BOARD MEMBERS ROUTINELY BUY AND SELL PRODUCTS FROM ONE ANOTHER IN THE ORDINARY COURSE OF BUSINESS. FORM 990, PART VI, SECTION A, LINE 6 THE NATIONAL RIFLE ASSOCIATION IS A MEMBERSHIP ASSOCIATION THAT REPRESENTS ONLY INDIVIDUAL CITIZENS. MEMBERSHIP DUES ARE PROPERLY REPORTED ON FORM 990, PART VIII, LINE 2 PURSUANT TO THE INSTRUCTIONS FOR SUCH REPORTING. FORM 990, PART VI, SECTION A, LINE 7A NRA MEMBERS ELECT ALL 76 MEMBERS OF THE NRA BOARD OF DIRECTORS. 75 DIRECTORS ARE ELECTED FOR STAGGERED THREE YEAR TERMS, AND THE 76TH DIRECTOR IS ELECTED FOR ONE YEAR TERM ON THE OCCASION OF EACH ANNUAL MEETING OF MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B CERTAIN BOARD OF DIRECTORS DECISIONS ARE SUBJECT TO MEMBERSHIP APPROVAL PER NRA BYLAWS AND NEW YORK NOT FOR PROFIT CORPORATE LAW. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE EXTERNAL AUDITING FIRM, PRESENTED TO THE NRA BOARD OF DIRECTORS AUDIT COMMITTEE, AND MADE AVAILABLE TO THE FULL NRA BOARD OF DIRECTORS, BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST POLICY APPLIES TO OFFICERS, DIRECTORS, AND KEY EMPLOYEES OF THE FILING ORGANIZATION AND ITS AFFILIATES, AS WELL AS TO THEIR RELATIVES. RELATED PARTY TRANSACTIONS AND POTENTIAL CONFLICTS ARE SELF-REPORTED ON A QUESTIONNAIRE THAT IS DISTRIBUTED AT LEAST ANNUALLY AND REVIEWED BY THE SECRETARY AND GENERAL COUNSEL. ISSUES MAY ALSO BE REPORTED THROUGH OTHER MEANS OR INDEPENDENTLY DISCOVERED BY STAFF. REGARDLESS OF HOW THEY ARE REPORTED, RELATED PARTY TRANSACTIONS AND ISSUES OF APPARENT CONFLICT ARE PRESENTED TO THE BODY DESIGNATED BY THE BOARD OF DIRECTORS (THE AUDIT COMMITTEE) FOR APPROVAL, DISAPPROVAL, OR PRECAUTIONARY MEASURES AS NEEDED. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE NRA'S TOP MANAGEMENT OFFICIALS IS ESTABLISHED BY METHODS INCLUDING INDEPENDENT COMPENSATION CONSULTANTS, COMPENSATION SURVEYS AND STUDIES, AND COMPARABILITY DATA. IN ADDITION, UNDER THE NRA BYLAWS COMPENSATION OF CERTAIN ELECTED OFFICERS (INCLUDING THE EXECUTIVE VICE PRESIDENT) MUST BE APPROVED BY THE BOARD OF DIRECTORS, BASED ON RECOMMENDATIONS BY THE COMPENSATION COMMITTEE. ALL DECISIONS ARE PROPERLY DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S CONFLICT OF INTEREST POLICY APPLIES TO OFFICERS, DIRECTORS, AND KEY EMPLOYEES OF THE FILING ORGANIZATION AND ITS AFFILIATES, AS WELL AS TO THEIR RELATIVES. RELATED PARTY TRANSACTIONS AND POTENTIAL CONFLICTS ARE SELF-REPORTED ON A QUESTIONNAIRE THAT IS DISTRIBUTED AT LEAST ANNUALLY AND REVIEWED BY THE SECRETARY AND GENERAL COUNSEL. ISSUES MAY ALSO BE REPORTED THROUGH OTHER MEANS OR INDEPENDENTLY DISCOVERED BY STAFF. REGARDLESS OF HOW THEY ARE REPORTED, RELATED PARTY TRANSACTIONS AND ISSUES OF APPARENT CONFLICT ARE PRESENTED TO THE BODY DESIGNATED BY THE BOARD OF DIRECTORS (THE AUDIT COMMITTEE) FOR APPROVAL, DISAPPROVAL, OR PRECAUTIONARY MEASURES AS NEEDED. FORM 990, PART VI, SECTION C, LINE 18 READERS ARE POLITELY REMINDED THE NRA WAS FOUNDED 147 YEARS AGO, IN 1871. THE NRA'S 1944 DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE IS AVAILABLE ON GUIDESTAR.ORG AND CAN ALSO BE REQUESTED DIRECTLY FROM THE NRA AS REQUIRED BY LAW. FORMS 990 CAN BE REQUESTED DIRECTLY FROM THE NRA AS REQUIRED BY LAW. FORM 990, PART VII, SECTION A, LINE 1 THIS INFORMATIONAL NOTE REGARDS SERVICE ON THE NRA BOARD OF DIRECTORS, WHICH IS NOT COMPENSATED. BOARD MEMBERS WHO RECEIVED COMPENSATION IN 2018 WERE COMPENSATED FOR OTHER REASONS, NOT FOR THEIR VOLUNTARY BOARD SERVICE. MR. BUTZ, MS. FROMAN, MS. GOLOB, MS. HAMMER, MR. KEENE, MR. NUGENT, MR. OLSON, AND MR. SKELTON WERE COMPENSATED FOR OTHER PROFESSIONAL SERVICES THEY PERFORMED FOR THE ORGANIZATION. MR. BROWNELL, MS. LIGHTFOOT, AND MR. MILLS, AND MR. TED NUGENT RECEIVED MEMBERSHIP RECRUITING COMMISSIONS THAT WERE PAID TO THEIR COMPANIES. FOR THE PURPOSE OF DETERMINING THE COUNT OF INDEPENDENT DIRECTORS AS OF DECEMBER 31, 2018 SHOWN ON PART I LINE 3 AND PART VI LINE 1B, THE NINE DIRECTORS NOT CONSIDERED INDEPENDENT FOR 2018 WERE MR. BUTZ, MS. FROMAN, MS. GOLOB, MS. HAMMER, MR. KEENE, MR. NORTH, MR. NUGENT, MR. OLSON, AND MR. SKELTON. FORM 990, PART VII, SECTION A, LINE 5 IN 2018, MR. NORTH RECEIVED NO COMPENSATION FROM THE NRA FOR HIS 20 HOURS PER WEEK AS NRA PRESIDENT. THE PAYMENTS OF $1,377,617 WERE FROM AN UNRELATED ORGANIZATION, ACKERMAN MCQUEEN INC. CERTAIN OF THESE PAYMENTS ARE DISPUTED AND SUBJECT TO ONGOING LITIGATION. IN 2018. MS. GOLOB WAS ALSO COMPENSATED BY AN UNRELATED ORGANIZATION, ACKERMAN MCQUEEN INC, $28,661 FOR PROFESSIONAL SERVICES PERFORMED ON NRA DIGITAL MEDIA PROJECTS. FORM 990, PART VII SECTION B, LINE 1 THIS INFORMATIONAL NOTE PROVIDES ADDITIONAL DETAIL ABOUT AMOUNTS PAID TO OUTSIDE SERVICES PROVIDERS. THE FILING ORGANIZATION REPORTS COMPENSATION PAID TO SERVICES PROVIDERS EXCLUSIVE OF ADVERTISING AND OTHER MEDIA PLACED ON BEHALF OF THE FILING ORGANIZATION AND EXPENSES INCURRED ON BEHALF OF THE FILING ORGANIZATION. FOR EXAMPLE, THE FIGURE OF $31,994,168 STATED ON PART VII SECTION B LINE 1 REFLECTS COMPENSATION FOR SERVICES PAID TO ACKERMAN MCQUEEN INC. IT EXCLUDES $6,337,508 INCURRED FOR OUT OF POCKET EXPENDITURES ON BEHALF OF THE FILING ORGANIZATION INCLUDING MEDIA, OUTSIDE VENDOR COSTS, AND REIMBURSEMENT OF TRAVEL AND BUSINESS EXPENSES. FORM 990, PART VIII, LINE 2B THIS INFORMATIONAL NOTE REGARDS THE REPORTING OF MEMBER DUES ON FORM 990. LINE 1B OF THE REVENUE STATEMENT IS PROPERLY LEFT BLANK. PURSUANT TO 990 INSTRUCTIONS, MEMBERSHIP DUES THAT ARE NOT CONTRIBUTIONS BECAUSE THEY COMPARE REASONABLY WITH AVAILABLE BENEFITS ARE SHOWN ON LINE 2. THUS, ALL NRA MEMBER DUES ARE PROPERLY SHOWN ON THE 990 REVENUE STATEMENT AS PROGRAM SERVICE REVENUE ON LINE 2, OTHER THAN NRA LIFE-PLUS CONTRIBUTIONS WHICH ARE PROPERLY COUNTED AS CONTRIBUTION REVENUE IN LINE 1F OF THE 990 REVENUE STATEMENT. FORM 990, PART IX, LINE 11 THIS INFORMATIONAL NOTE REGARDS THE NRA'S PAYMENT OF FEES FOR OUTSIDE PROFESSIONAL SERVICES AS STATED ON LINE 11 OF THE 990 EXPENSE STATEMENT. LINE 11B REPORTS LEGAL FEES PAID TO OUTSIDE ATTORNEYS, SUCH AS FOR SECOND AMENDMENT CASE WORK AND RELATED LITIGATION AT THE FEDERAL AND STATE LEVELS AND FOR REGULATORY AND COMPLIANCE MATTERS. LINE 11C REPORTS ACCOUNTING FEES PAID TO THE OUTSIDE CPA FIRM THAT PROVIDES THE NRA'S AUDITING AND TAX SERVICES. LINE 11D REPORTS LOBBYING EXPENSE PAID TO EXTERNAL REGISTERED LOBBYISTS. LINE 11E REPORTS FUNDRAISING COSTS PAID TO THE AUTHORIZED VENDORS LISTED ON SCHEDULE G. LINE 11F REPORTS INVESTMENT MANAGEMENT FEES PAID TO INVESTMENT ADVISORS THAT MANAGE THE NRA'S PORTFOLIOS. LINE 11G SHOWS TELEMARKETING COSTS FOR MEMBERSHIP SERVICING. PROFESSIONAL SERVICES PERFORMED BY NRA EMPLOYEES (IN HOUSE COUNSEL, IN HOUSE ACCOUNTANTS, IN HOUSE LOBBYISTS, IN HOUSE FUNDRAISERS, AND IN HOUSE INVESTMENT MANAGERS, RESPECTIVELY) ARE PROPERLY REPORTED WITHIN LINES 5-7 OF THE 990 EXPENSE STATEMENT, AS REQUIRED BY 990 FORM INSTRUCTIONS. PROFESSIONAL SERVICES PERFORMED BY THE TELEMARKETING VENDOR FOR FUNDRAISING PURPOSES, RATHER THAN FOR MEMBERSHIP, ARE PROPERLY REPORTED WITHIN LINE 11E, AS REQUIRED BY 990 FORM INSTRUCTIONS. FORM 990, PART IX, LINE 24E THIS RESPONSE EXPLAINS $12,581,928 OF OTHER EXPENSES STATED ON LINE 24E OF THE 990, PART IX EXPENSE STATEMENT WHICH WERE NOT ACCOMMODATED BY OTHER EXPENSE LINE DESCRIPTIONS. THIS FIGURE INCLUDES $9,204,256 OF FULFILLMENT MATERIALS, $5,747,802 BANKING FEES, $1,276,567 MEMBERSHIP PREMIUMS, $560,407 OF NON-PAYROLL TAXES, AND ($4,927,105) FASB ASC 715 PENSION ACCOUNTING VALUATION ADJUSTMENT. FORM 990, PART XI, LINE 9: AGENCY TRANSACTIONS -1,910,739. UNREALIZED GAIN ON DERIVATIVE INSTRUMENT 745,782. FORM 990, PART XI, LINE 9 THIS RESPONSE EXPLAINS ($1,164,957) OF OTHER CHANGES IN THE NET ASSETS RECONCILIATION SCHEDULE. THE FIGURE INCLUDES ($1,910,739) AGENCY TRANSACTIONS BETWEEN THE NRA AND NRA FOUNDATION AND $745,782 UNREALIZED GAIN ON DERIVATIVE INSTRUMENT. THE AGENCY TRANSACTIONS FIGURE OF ($1,910,739) INCLUDES ENDOWMENT CONTRIBUTIONS AND ENDOWMENT EARNINGS DESIGNATED BY NRA FOUNDATION DONORS FOR ELIGIBLE NRA PROGRAMS. AN INFORMATION NOTE REGARDING THE PURPOSE OF THE DERIVATIVE INSTRUMENT IS INCLUDED WITH SCHEDULE D PART X, LINE 1(2). LEXINGTON CONCORD HOLDINGS LLC 11250 WAPLES MILL RD FAIRFAX VA 22030 831798978 DEVELOPMENT PHASE DE 0 0 NRA NRA FOUNDATION INC 11250 WAPLES MILL RD FAIRFAX VA 22030 521710886 CHARITABLE DC 501(C)(3) LINE 7 NRA 1 NRA SPECIAL CONTRIBUTION FUND 11250 WAPLES MILL RD FAIRFAX VA 22030 237367534 CHARITABLE NM 501(C)(3) LINE 7 NRA 1 NRA CIVIL RIGHTS DEFENSE FUND 11250 WAPLES MILL RD FAIRFAX VA 22030 521136665 CHARITABLE VA 501(C)(3) LINE 7 NRA 1 NRA FREEDOM ACTION FOUNDATION 11250 WAPLES MILL RD FAIRFAX VA 22030 261277941 CHARITABLE VA 501(C)(3) LINE 7 NRA 1 NRA POLITICAL VICTORY FUND 11250 WAPLES MILL RD FAIRFAX VA 22030 521083020 PAC/SSF VA 527 NRA 1 WBB INVESTMENTS LLC 11250 WAPLES MILL RD FAIRFAX VA 22030 320569014 INVESTMENT DE NRA 0 0 1 0.99000 WINGATE CHURCH INSURANCE SERVICES INC 11250 WAPLES MILL RD FAIRFAX VA 22030 DEVELOPMENT PHASE DE NRA C 1.00000 1 NRA HOLDINGS COMPANY INC 11250 WAPLES MILL RD FAIRFAX VA 22030 020558658 MANAGEMENT SERVICES VA NRA C 1.00000 1 1 0 1 0 1 0 0 0 0 0 0 1 0 1 1 0 1 1 0 NRA FOUNDATION INC A 180000 CASH VALUE NRA FOUNDATION INC C 13525570 CASH VALUE NRA FOUNDATION INC E 5000000 CASH VALUE NRA FOUNDATION INC O 13083925 CASH VALUE NRA FOUNDATION INC Q 4218390 CASH VALUE NRA CIVIL RIGHTS DEFENSE FUND C 433872 CASH VALUE NRA CIVIL RIGHTS DEFENSE FUND Q 39431 CASH VALUE NRA SPECIAL CONTRIBUTION FUND A 120000 CASH VALUE NRA SPECIAL CONTRIBUTION FUND Q 1805930 CASH VALUE NRA POLITICAL VICTORY FUND R 3078 CASH VALUE LEXINGTON CONCORD HOLDINGS LLC Q 88410 CASH VALUE PART III WBB INVESTMENTS,LLC WAS FORMED IN CONNECTION WITH A POSSIBLE TRANSACTION THAT WAS NEVER ULTIMATELY EXECUTED. A CERTIFICATE OF CANCELLATION HAS BEEN FILED TO DISSOLVE THE COMPANY. PART II THE NRA IS A 501(C)(4) MEMBERSHIP ASSOCIATION WITH FOUR 501(C)(3) PUBLIC CHARITIES AND A SECTION 527 POLITICAL ACTION COMMITTEE (PAC) WHICH IS A SEPARATE SEGREGATED FUND. THE FOUR CHARITIES AFFILIATED WITH THE NRA ARE NRA CIVIL RIGHTS DEFENSE FUND, NRA FOUNDATION INC, NRA FREEDOM ACTION FOUNDATION, AND NRA SPECIAL CONTRIBUTION FUND DBA NRA WHITTINGTON CENTER. THE POLITICAL ACTION COMMITTEE IS NRA POLITICAL VICTORY FUND; NRAPVF IS A SEPARATE UNINCORPORATED PAC OF THE NRA. IN THE EVENT THAT ANY FUNDS ARE RECEIVED BY THE NRA AND EARMARKED TO THE PAC, THE NRA HAS SYSTEMS IN PLACE TO ENSURE ANY SUCH RECEIPTS ARE PROMPTLY AND IMMEDIATELY DEPOSITED INTO THE SEPARATE SEGREGATED FUND'S ACCOUNT. PART V LINE 1C THIS INFORMATIONAL NOTE REGARDS QUALIFIED CHARITABLE GRANT MAKING. ALL GRANTS MADE BY NRA FOUNDATION AND NRA CIVIL RIGHTS DEFENSE FUND TO THE NRA ARE SUBJECT TO STRINGENT REVIEW PROCESSES REQUIRING THAT THE GRANTS BE MADE AND USED ONLY FOR QUALIFIED CHARITABLE PURPOSE PROGRAMS. THE NRA IS REQUIRED TO PROVIDE AN ACCOUNTING TO THE CHARITIES AS DOCUMENTATION THAT PROCEEDS WERE USED BY THE NRA FOR QUALIFIED CHARITABLE PURPOSES AS SET FORTH IN THE GRANT DOCUMENTS. LINE 1E DURING 2018, THE NRA ENTERED A SECURED LOAN AGREEMENT WITH THE NRA FOUNDATION. THE $5,000,000 LOAN IS PAYABLE TO THE NRA FOUNDATION AT A FAIR VALUE INTEREST RATE. THE NRA MAKES MONTHLY INTEREST PAYMENTS OF 7%.