Civic Intelligence

Firearms Regulatory Accountability Coalition Inc

990 • Fiscal year 2021 • EIN 85-3036156

Jan 01, 2021 to Dec 31, 2021 • Filed on Oct 26, 2022

2021 E Main Ave Suite IBismarck, ND 58501

(703) 919-1632

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

96th percentile

0.96x

Higher debt load relative to assets than 96% of similar nonprofits.

2021 filings • NTEE S41 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

95th percentile

0.92x

Higher debt load relative to revenue than 95% of similar nonprofits.

2021 filings • NTEE S41 • <$500k nonprofits • Source year 2021

Net Margin

70th percentile

25%

Higher net margin than 70% of similar nonprofits.

2021 filings • NTEE S41 • <$500k nonprofits • Source year 2021

Top Officer Pay

97th percentile

$100,384

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 22.2% of source-year revenue.

2021 filings • NTEE S41 • <$500k nonprofits • Source year 2021

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Assets

$430,223

No earlier filing loaded for comparison.

Net Assets

$16,790

No earlier filing loaded for comparison.

Liabilities

$413,433

No earlier filing loaded for comparison.

Revenue

$451,363

No earlier filing loaded for comparison.

Expenses

$339,119

No earlier filing loaded for comparison.

Net Income

$112,244

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0Assets 2021: $430,223Liabilities 2021: $413,433Net Assets 2021: $16,7902021Assets 2022: $269,709Liabilities 2022: $32,275Net Assets 2022: $237,4342022Assets 2023: $522,638Liabilities 2023: $11,027Net Assets 2023: $511,6112023Assets 2024: $705,755Liabilities 2024: $23,078Net Assets 2024: $682,6772024

Highlighted filing

2021

Assets$430,223
Liabilities$413,433
Net Assets$16,790

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0Revenue 2021: $451,363Expenses 2021: $339,119Net Income 2021: $112,2442021Revenue 2022: $494,258Expenses 2022: $273,614Net Income 2022: $220,6442022Revenue 2023: $862,151Expenses 2023: $587,974Net Income 2023: $274,1772023Revenue 2024: $610,122Expenses 2024: $439,056Net Income 2024: $171,0662024

Highlighted filing

2021

Revenue$451,363
Expenses$339,119
Net Income$112,244
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Oct 26, 2022
Return Version
2021v4.2
Gross Receipts
$451,363
Mission and Program Overview

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable-$380,000-
Cash and Non-Interest-Bearing Accounts$256,946$48,273▼ $208,673
Rtn Earn Endowment Incm Other Fnds$-95,454$16,790▲ $112,244
Prepaid Expenses and Deferred Charges-$1,675-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$256,946$430,223▲ $173,277
Other Assets Total$0$275▲ $275
Liabilities
Deferred Revenue$250,000$402,501▲ $152,501
Accounts Payable and Accrued Expenses$102,400$8,862▼ $93,538
Other Liabilities$0$2,070▲ $2,070
Total Liabilities$352,400$413,433▲ $61,033
Net Assets / Fund Balance
Total Net Assets Fund Balance$-95,454$16,790▲ $112,244
Total Liabilities and Net Assets / Fund Balance$256,946$430,223▲ $173,277
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Travis R WhitePRESIDENT; SECRETARYFT$100,384$100,384

Board Members and Trustees

NameTitle
Alessandro R BoscoCHAIRMAN; TREASURER
Amy E PevearDirector
Christopher M BoeckDirector
Craig H MetzDirector
Jason a DavisDirector
Jason a KingDirector
Jeffry E CreamerDirector
Sean R SullivanDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Wiley Rein LLPLegal2050 M STREET NW, Washington, DC 20036$181,078
Revenue and Support

Revenue Composition

Contributions and Grants
$451,363
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$62,864
Change in Net Assets
$112,244
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$230,620
Salaries, Compensation, and Employee Benefits$108,499
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Legal$167,935$1,880-$169,815
Current Officers, Directors, Trustees, and Key Employees$95,365$5,020-$100,385
Advertising$13,854--$13,854
Travel$10,321--$10,321
Insurance-$9,769-$9,769
Fees for Services Accounting-$8,800-$8,800
Payroll Taxes$7,708$406-$8,114
Fees for Services Other-$5,250-$5,250
Office Expenses$3,387$178-$3,565
Occupancy$2,966$156-$3,122
All Other Expenses$478$424-$902
Other Expenses$938$736-$736
Total Functional Expenses$302,952$36,167$0$339,119
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Current Year Nondeductible Lobbying and Political Cost$115,726
Total Nondeductible Lobbying and Political Cost$115,726
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Salaries$1,923
Accrued Payroll Taxes$147
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

The following directors have a business relationship with each other as defined in the form 990 instructions: a) alessandro bosco b) amy pevear and c) jeffry creamer.

Form 990, Part VI, Section A, Line 6

As set forth in section 3.01 of the corporation's bylaws, membership shall be open to businesses, organizations, and other entities or persons that are interested in advancing and supporting the purposes of the corporation. Per section 3.01 of the bylaws, the corporation has four types of members, designated as the founding member, platinum members, charter members, and supporting members.

Form 990, Part VI, Section A, Line 7A

By membership class: founding member: 4 director nominees; 4 votes at member meetings; platinum member: 3 director nominees, 3 votes at member meetings; charter member: 1 director nominee, 1 vote at member meetings; supporting member: no director nominee or voting rights at member meetings.

Form 990, Part VI, Section A, Line 7B

Changes to bylaws require member action. Other actions as may be required by governing law.

Form 990, Part VI, Section B, Line 11B

Line 11a explanation - the form 990 is reviewed by the president of the organization in consultation with accounting and legal professionals as appropriate. Thereafter, a final copy is circulated to all of the members of the organization's governing body for their review prior to filing with the irs.

Form 990, Part VI, Section B, Line 12C

The organization asks board members, officers, and key employees annually to disclose interests that may give rise to potential conflicts of interest under the conflicts of interest policy. It does so in conjunction with asking for information about arrangements that may need to be disclosed on the form 990.

Form 990, Part VI, Section B, Line 15A

The board of directors, comprised entirely of independent persons, determined the president's compensation to be reasonable and within the range of compensation paid to presidents of other comparable organizations.

Form 990, Part VI, Section C, Line 19

The organization does not provide copies of its governing documents, conflict of interest policy or financial statements to the public

Filing and Contact Details

Filer

Filer Name
Firearms Regulatory Accountability
EIN
85-3036156
Phone
7039191632
Address
2021 E MAIN AVE SUITE I, BISMARCK, ND 58501

Signing Officer

Name
Travis White
Title
President
Phone
7039191632
Signed
2022-10-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Travis White
Formed
2020
Legal Domicile
De
Voting Board Members
8
Independent Board Members
8
Employees
1
Volunteers
8

Preparer

Firm
Wipfli Llp
Address
614 PARK DRIVE SOUTH, GREAT FALLS, MT 59405
Preparer
Kari Young
Phone
4067271798
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOLLOWING DIRECTORS HAVE A BUSINESS RELATIONSHIP WITH EACH OTHER AS DEFINED IN THE FORM 990 INSTRUCTIONS: A) ALESSANDRO BOSCO B) AMY PEVEAR AND C) JEFFRY CREAMER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AS SET FORTH IN SECTION 3.01 OF THE CORPORATION'S BYLAWS, MEMBERSHIP SHALL BE OPEN TO BUSINESSES, ORGANIZATIONS, AND OTHER ENTITIES OR PERSONS THAT ARE INTERESTED IN ADVANCING AND SUPPORTING THE PURPOSES OF THE CORPORATION. PER SECTION 3.01 OF THE BYLAWS, THE CORPORATION HAS FOUR TYPES OF MEMBERS, DESIGNATED AS THE FOUNDING MEMBER, PLATINUM MEMBERS, CHARTER MEMBERS, AND SUPPORTING MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BY MEMBERSHIP CLASS: FOUNDING MEMBER: 4 DIRECTOR NOMINEES; 4 VOTES AT MEMBER MEETINGS; PLATINUM MEMBER: 3 DIRECTOR NOMINEES, 3 VOTES AT MEMBER MEETINGS; CHARTER MEMBER: 1 DIRECTOR NOMINEE, 1 VOTE AT MEMBER MEETINGS; SUPPORTING MEMBER: NO DIRECTOR NOMINEE OR VOTING RIGHTS AT MEMBER MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CHANGES TO BYLAWS REQUIRE MEMBER ACTION. OTHER ACTIONS AS MAY BE REQUIRED BY GOVERNING LAW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4LINE 11A EXPLANATION - THE FORM 990 IS REVIEWED BY THE PRESIDENT OF THE ORGANIZATION IN CONSULTATION WITH ACCOUNTING AND LEGAL PROFESSIONALS AS APPROPRIATE. THEREAFTER, A FINAL COPY IS CIRCULATED TO ALL OF THE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY FOR THEIR REVIEW PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION ASKS BOARD MEMBERS, OFFICERS, AND KEY EMPLOYEES ANNUALLY TO DISCLOSE INTERESTS THAT MAY GIVE RISE TO POTENTIAL CONFLICTS OF INTEREST UNDER THE CONFLICTS OF INTEREST POLICY. IT DOES SO IN CONJUNCTION WITH ASKING FOR INFORMATION ABOUT ARRANGEMENTS THAT MAY NEED TO BE DISCLOSED ON THE FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE BOARD OF DIRECTORS, COMPRISED ENTIRELY OF INDEPENDENT PERSONS, DETERMINED THE PRESIDENT'S COMPENSATION TO BE REASONABLE AND WITHIN THE RANGE OF COMPENSATION PAID TO PRESIDENTS OF OTHER COMPARABLE ORGANIZATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE ORGANIZATION DOES NOT PROVIDE COPIES OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY OR FINANCIAL STATEMENTS TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART VI, SECTION C, LINE 19
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0TRAVIS WHITE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
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ReturnHeader/BusinessOfficerGrp/SignatureDt02022-10-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FIREARMS REGULATORY ACCOUNTABILITY
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0COALITION INC
ReturnHeader/Filer/BusinessNameControlTxt0FIRE
ReturnHeader/Filer/EIN0853036156
ReturnHeader/Filer/PhoneNum07039191632
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0390758449
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WIPFLI LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0614 PARK DRIVE SOUTH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GREAT FALLS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd059405
ReturnHeader/PreparerPersonGrp/PhoneNum04067271798
ReturnHeader/PreparerPersonGrp/PreparationDt02022-10-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KARI YOUNG
ReturnHeader/ReturnTs02022-11-03T11:55:34-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0TRAVIS
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0WHITE
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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