General Discussion

Nevilledog

(50,986 posts) Wed Nov 25, 2020, 04:46 PM Nov 2020

NRA: Current and former executives used the nonprofit group's money for personal benefit...

Link to tweet

Tweet text:
Jake Tapper
@jaketapper
WaPo: “After years of denying allegations of lax financial oversight, the National Rifle Association has made a stunning declaration in a new tax filing: Current and former executives used the nonprofit group’s money for personal benefit and enrichment.”

NRA reports alleged misspending by current and former executives to IRS
The latest tax return shows the nonprofit gun rights organization in the red for the fourth year in a row.
washingtonpost.com

https://www.washingtonpost.com/politics/nra-irs-disclosure-990/2020/11/25/50521108-2d34-11eb-9c71-ccf2c0b8d571_story.html

After years of denying allegations of lax financial oversight, the National Rifle Association has made a stunning declaration in a new tax filing: Current and former executives used the nonprofit group’s money for personal benefit and enrichment.

The NRA said in the filing that it continues to review the alleged abuse of funds, as the tax-exempt organization curtails services and runs up multimillion-dollar legal bills. The assertion of impropriety comes four months after the attorney general of New York state filed a lawsuit accusing NRA chief executive Wayne LaPierre and other top officials of using NRA funds for decades to provide inflated salaries and expense accounts.

The tax return, which The Washington Post obtained from the organization, says the NRA “became aware during 2019 of a significant diversion of its assets.” The 2019 filing states that LaPierre and five former officials received “excess benefits,” a term the IRS uses when officials have enriched themselves at the expense of a nonprofit entity.

The disclosures in the tax return suggest that the organization is standing by its 71-year-old chief executive while continuing to pursue former executives who left the group. The filing says that LaPierre “corrected” his financial lapses with a repayment and contends that former executives “improperly” used NRA funds or charged the nonprofit for expenses that were “not appropriate.”

LaPierre has reimbursed the organization nearly $300,000 in travel expenses covering 2015 to 2019, according to the tax return, which does not explain how that amount was determined or when LaPierre paid it.

NRA spokesman Andrew Arulanandam said in a statement this week that “the vast majority of Mr. LaPierre’s travel was undertaken in strict compliance with NRA policy.”

*snip*