Corporation For The Promotion Of Rifle Practice And Firearms Safety
- Assets
- $323.2m
- Revenue
- $46.9m
- Investments
- $0.0
- Employees
- 256
- Location
- Anniston, AL
- Founding
- 05/2006
- Data as of
- 09/2023
- EIN
- 34-1839195
Organization Overview
Corporation For The Promotion Of Rifle Practice And Firearms Safety is located in Anniston, AL. The organization was established in 2006. According to its NTEE Classification (N70) the organization is classified as: Amateur Sports Competitions, under the broad grouping of Recreation & Sports and related organizations. As of 09/2023, Corporation For The Promotion Of Rifle Practice And Firearms Safety employed 256 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Corporation For The Promotion Of Rifle Practice And Firearms Safety is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2023, Corporation For The Promotion Of Rifle Practice And Firearms Safety generated $46.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $34.5m during the year ending 09/2023. While expenses have increased by 10.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE INSTRUCTION OF RIFLE MARKSMANSHIP AND FIREARMS SAFETY, TO CONDUCT FIREARMS COMPETITIONS, AND TO SPONSOR FIREARMS SAFETY AND MARKSMANSHIP RELATED PROGRAMS WITH EMPHASIS ON YOUTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NATIONAL MATCHES, CLUBS, AND COMPETITIONS - ENCOURAGE CIVILIAN COMPETITIVE MARKMANSHIP PROGRAMS AND PROVIDE FIREARMS AND RANGE SAFETY INSTRUCTIONS
SALES AND DISTRIBUTION-PROVIDE FUNDS REQUIRED FOR THE CORPORATION'S CONTINUED OPERATIONS IN PROMOTING FIREARMS AND RANGE SAFETY. ALL SALES PURSUANT TO FEDERAL STATUTE.
JROTC AND ACTIVE ARMY PROGRAMS-AT NO COST TO THE GOVERNMENT, CMP DEVELOPS CURRICULUM FOR MARKSMANSHIP AND SAFETY INSTRUCTION, TRAINS AND CERTIFIES JROTC COACHES, INSPECTS HIGH SCHOOL RANGE FACILITIES, ORGANIZES, ADMINISTERS, AND CONDUCTS JROTC AIR RIFLE COMPETITIONS FOR ALL MILITARY SERVICES, SUBSIDIZES JROTC TRAVEL TO CMP EVENTS, AWARDS SIGNIFICANT SCHOLARSHIPS TO DESERVING JROTC AND OTHER HIGH SCHOOL MARKSMANSHIP COMPETITORS. PROVIDES ANNUAL GRANTS TO STATE 4-H SHOOTING PROGRAMS. AT NO COST TO THE GOVERNMENT, CMP PRODUCES AND PROVIDES MARKSMANSHIP SAFETY VIDEOS AND LITERATURE, ADMINISTERS JROTC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gerald B O'keefe Chairman/ceo | OfficerTrustee | 40 | $553,277 |
Carmen Allegra Vice-Chairman | OfficerTrustee | 20 | $68,500 |
Launi Meili Secretary | Trustee | 2 | $34,500 |
Regina Chavis Director | Trustee | 2 | $32,500 |
Edward Newell II Director | Trustee | 2 | $32,500 |
John Carson Director | Trustee | 2 | $31,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $30,825,168 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,246,440 |
| Noncash contributions included in lines 1a–1f | $1,183,200 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,071,608 |
| Total Program Service Revenue | $2,063,757 |
| Investment income | $6,716,266 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $986,808 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,039,832 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $46,878,271 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $249,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $865,277 |
| Compensation of current officers, directors, key employees. | $865,277 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,027,620 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,233,670 |
| Payroll taxes | $657,956 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $483,167 |
| Fees for services: Other | $299,739 |
| Advertising and promotion | $557,984 |
| Office expenses | $1,229,740 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $970,875 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,435 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,933,569 |
| Insurance | $0 |
| All other expenses | $3,396,996 |
| Total functional expenses | $34,476,964 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,654,458 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $31,399 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $471,540 |
| Inventories for sale or use | $9,927,076 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $42,748,789 |
| Investments—publicly traded securities | $266,037,968 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,353,632 |
| Total assets | $323,224,862 |
| Accounts payable and accrued expenses | $1,181,502 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,942,748 |
| Total liabilities | $3,124,250 |
| Net assets without donor restrictions | $304,347,022 |
| Net assets with donor restrictions | $15,753,590 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $323,224,862 |