NRA: A Social enterprise? Definition: A nonprofit venture that combines the passion of a social mission with the discipline, innovation, and determination commonly associated with for-profit businesses. Suitability: NRA was established “to fund firearms, hunting safety and educational projects of benefit to the general public”.
NRA (love ‘em or hate ‘em), boasts membership of 4.3 million loyal fans and advocates. Their 2012 Annual General Meeting had 73,740 attendees, whereas the Oracle of Omaha, Warren Buffett (Berkshire Hathaway) had 40,000 attendees!
Should the NRA have an IPO? It’s not like they are just an on-line replication of another limited-value industry, churning the nostalgia of memory and regrets: the High School Yearbook…
In 1990 The NRA Foundation was established – obviously to capitalize on the immense membership draw the NRA has, currently at 4,300,000 registered members. At $35/year, or $1,000 “lifetime” membership, it is easy to see how the NRA boasts revenue last year of over $237,500,000.
Makes you think, huh?