FIREARMS REGULATORY ACCOUNTABILITY COALITION INC

EIN: 853036156 Community Improvement

BISMARCK, ND

Total Revenue
$610,122
Total Expenses
$439,056
Total Assets
$705,755
Net Assets
$682,677
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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
DE
Principal Officer
TRAVIS WHITE
Phone
7039191632
Tax Period
2024-01-01 to 2024-12-31

FIREARMS REGULATORY ACCOUNTABILITY COALITION INC, founded in 2020, is a small nonprofit in the Community Improvement sector that reported $610K in total revenue in fiscal year 2024. Revenue fell 29% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $171K, a strong 28% operating margin.

Mission

THE MISSION OF THE ORGANIZATION IS TO ADVANCE THE COMMON BUSINESS INTERESTS OF MEMBERS OF THE FIREARMS INDUSTRY BY ENSURING THAT INDUSTRY MEMBERS RECEIVE FAIR AND CONSISTENT TREATMENT BY FIREARMS REGULATORY AGENCIES.

Program Service Accomplishments

Program 1
Expenses: $54,290

FRAC MAINTAINED LOBBYING COMMUNICATIONS WITH CONGRESS ON ISSUES GERMANE TO ITS MISSION AND IMPACTING THE FIREARMS INDUSTRY. FRAC CONDUCTED WEEKLY VIRTUAL MEETINGS WITH ITS LOBBYIST TO DETERMINE...

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FRAC MAINTAINED LOBBYING COMMUNICATIONS WITH CONGRESS ON ISSUES GERMANE TO ITS MISSION AND IMPACTING THE FIREARMS INDUSTRY. FRAC CONDUCTED WEEKLY VIRTUAL MEETINGS WITH ITS LOBBYIST TO DETERMINE ISSUES OF PARTICULAR CONCERN AND LOBBYING STRATEGY. FRAC CONDUCTED OUTREACH ON PROPOSED ATF RULES AND ACTIVITIES, AND CAPITOL HILL VISITS WITH VARIOUS MEMBERS OF BOTH HOUSES OF CONGRESS. LOBBYING WAS APPROXIMATELY 10% OF FRAC'S TIME AND APPROXIMATELY $54,290 WAS EXPENDED ON THIS.

Program 2
Expenses: $186,274

FRAC CONDUCTED ANALYSIS OF ONGOING AND POTENTIAL LITIGATION TO DETERMINE ITS IMPACT ON THE FIREARMS INDUSTRY. FRAC PARTICIPATED IN AMICUS BRIEF FILINGS AND ITS ONGOING LITIGATION. FRAC PUBLISHED TO...

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FRAC CONDUCTED ANALYSIS OF ONGOING AND POTENTIAL LITIGATION TO DETERMINE ITS IMPACT ON THE FIREARMS INDUSTRY. FRAC PARTICIPATED IN AMICUS BRIEF FILINGS AND ITS ONGOING LITIGATION. FRAC PUBLISHED TO ITS WEBSITE UPDATES ON VARIOUS LITIGATION AFFECTING THE INDUSTRY. LITIGATION WAS APPROXIMATELY 30% OF FRAC'S TIME AND APPROXIMATELY $186,274 WAS EXPENDED ON THIS.

Program 3
Expenses: $67,556

FRAC CONDUCTED RESEARCH ON AREAS OF LAW AND OTHER POLICY MATTERS IMPACTING THE INDUSTRY THROUGHOUT THE YEAR, TO SPECIFICALLY INCLUDE THE CONDUCT OF VARIOUS REGULATORY AGENCIES AFFECTING THE FIREARMS...

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FRAC CONDUCTED RESEARCH ON AREAS OF LAW AND OTHER POLICY MATTERS IMPACTING THE INDUSTRY THROUGHOUT THE YEAR, TO SPECIFICALLY INCLUDE THE CONDUCT OF VARIOUS REGULATORY AGENCIES AFFECTING THE FIREARMS INDUSTRY. FRAC ALSO COMMUNICATED AND COORDINATED WITH ITS MEMBERS AND WITH OTHER LIKE-MINDED ORGANIZATIONS TO GATHER AND SHARE INFORMATION ON ISSUES FACING THE FIREARMS INDUSTRY. RESEARCH AND POLICY DEVELOPMENT WAS APPROXIMATELY 50% OF FRAC'S TIME AND APPROXIMATELY $67,556 WAS EXPENDED ON THIS.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $584,228
Program Service Revenue $0
Investment Income $25,894
Other Revenue $0
TOTAL REVENUE $610,122

Expense Breakdown

Grants Paid $0
Salaries & Benefits $146,350
Fundraising Expenses $0
Program Expenses $308,120
Other Expenses $292,706
TOTAL EXPENSES $439,056

Year-over-Year Comparison

2024 2023 Change
Revenue $610,122 $862,151 -0.3%
Expenses $439,056 $587,974 -0.3%
Net Income $171,066 $274,177 -0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
10
Independent Members
10
Employees
2
Volunteers
10

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$134,529
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALESSANDRO R BOSCO CHAIRMAN 2.00
Director
$0 $0 $0
JASON A DAVIS DIRECTOR 2.00
Director
$0 $0 $0
JASON A KING DIRECTOR 2.00
Director
$0 $0 $0
JEFFRY E CREAMER DIRECTOR 2.00
Director
$0 $0 $0
AMY E PEVEAR DIRECTOR 2.00
Director
$0 $0 $0
CRAIG H METZ DIRECTOR 2.00
Director
$0 $0 $0
CHRISTOPHER M BOECK DIRECTOR 2.00
Director
$0 $0 $0
KENNETH E JEFFERIES DIRECTOR 2.00
Director
$0 $0 $0
JEFFREY R OVERSTREET DIRECTOR 2.00
Director
$0 $0 $0
DEBORAH N MCCALLUM DIRECTOR 2.00
Director
$0 $0 $0
TRAVIS R WHITE PRESIDENT; SECRETARY 40.00
Officer
$120,000 $0 $120,000
JESSICA L PACE TREASURER 2.00
Officer
$14,529 $0 $14,529
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $610,122 $439,056 $705,755 $171,066
2023 $862,151 $587,974 $522,638 $274,177
2022 $494,258 $273,614 $269,709 $220,644
2021 $451,363 $339,119 $430,223 $112,244
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