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Thread: CMP Reclaimed Garand

  1. #21
    Boolit Buddy
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    Quote Originally Posted by K43 View Post
    I explained in detail in my previous answer to your question. They aren't paying for the rifles perse, they are paying for everything that is required to sell safe to fire rifles to the public. That is what is driving the cost. CMP is not making a profit, CMP is paying all those infrastructure fees and more for competitions. Congress pays for none of this. The buyer pays for this.
    CMP is not making a profit? Where did you get this? Try looking up the CMP 990 tax filing and get back to us.

  2. #22
    Boolit Grand Master



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    Quote Originally Posted by johnho View Post
    CMP is not making a profit? Where did you get this? Try looking up the CMP 990 tax filing and get back to us.
    I am not a tax guy so I need some explaination.

    https://thecmp.org/about/
    The CMP is a federally chartered 501(c)(3) corporation

    https://www.irs.gov/e-file-providers...and-nonprofits
    Charities and nonprofits can file the following forms electronically through an IRS Authorized e-File Provider.

    Form 990, Return of Organization Exempt from Income Tax
    Form 990-EZ, Short Return of Organization Exempt from Income Tax
    Form 990-PF, Return of Private Foundation
    Form 990-N (e-Postcard)
    Form 990-T, Exempt Organization Business Income Tax Return (and proxy tax under section 6033(e)
    2nd Amendment of the U.S. Constitution. - "A well regulated Militia, being necessary to the security of a free State, the right of the people to keep and bear Arms, shall not be infringed."

    "Before you argue with someone, ask yourself, is that person even mentally mature enough to grasp the concept of different perspectives? Because if not, there’s absolutely no point."
    – Amber Veal

    "The Highest form of ignorance is when you reject something you don't know anything about".
    - Wayne Dyer

  3. #23
    Boolit Master


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    Cash flow. Any not for profit can't continue to operate and pay for future programs without either cash on hand or taking out loans. The sportsman's club I belong to is a not for profit, yet it "makes a profit" if you count we have money in the bank. It isn't a profit, it pays for future bills, maint., clays, infrastructure, buying a new tractor/mower, rebuilding target frames, equipment so the Boy Scouts can camp there, etc. etc. etc. CMP is a big operation and requires big payments.

  4. #24
    Boolit Buddy
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    Quote Originally Posted by M-Tecs View Post
    I am not a tax guy so I need some explaination.

    https://thecmp.org/about/
    The CMP is a federally chartered 501(c)(3) corporation

    https://www.irs.gov/e-file-providers...and-nonprofits
    Charities and nonprofits can file the following forms electronically through an IRS Authorized e-File Provider.

    Form 990, Return of Organization Exempt from Income Tax
    Form 990-EZ, Short Return of Organization Exempt from Income Tax
    Form 990-PF, Return of Private Foundation
    Form 990-N (e-Postcard)
    Form 990-T, Exempt Organization Business Income Tax Return (and proxy tax under section 6033(e)
    A simple Google search would turn up this: https://projects.propublica.org/nonp...ions/341839195

  5. #25
    Boolit Grand Master



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    Quote Originally Posted by johnho View Post
    A simple Google search would turn up this: https://projects.propublica.org/nonp...ions/341839195
    Same for this

    Can Nonprofits Make a Profit? Understanding Net Assets and Revenue
    Explore how nonprofits generate revenue, manage profits termed "net assets," and navigate taxes on unrelated income. Learn about nonprofit financial strategies.

    https://www.upcounsel.com/what-is-pr...t-organization


    https://www.charityspurse.ai/post/ho...nonprofit-make
    Yes, nonprofits can make a profit. Unlike traditional businesses, where profit benefits owners or investors, nonprofits use surplus funds to further their mission. The key is that while nonprofits generate revenue above expenses, it’s not for personal gain but to support charitable goals. This distinction is critical for understanding nonprofit finance and is governed by regulations such as Section 501(c)(3) of the Internal Revenue Code, which outlines requirements for tax-exempt organizations.

    Well-managed nonprofits can create a surplus to grow and innovate. This surplus helps enhance services, expand outreach, and build financial reserves. During economic downturns or reduced funding, a financial cushion ensures continuity of programs and boosts long-term impact.
    2nd Amendment of the U.S. Constitution. - "A well regulated Militia, being necessary to the security of a free State, the right of the people to keep and bear Arms, shall not be infringed."

    "Before you argue with someone, ask yourself, is that person even mentally mature enough to grasp the concept of different perspectives? Because if not, there’s absolutely no point."
    – Amber Veal

    "The Highest form of ignorance is when you reject something you don't know anything about".
    - Wayne Dyer

  6. #26
    Boolit Master

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    Quote Originally Posted by K43 View Post
    Cash flow. Any not for profit can't continue to operate and pay for future programs without either cash on hand or taking out loans. The sportsman's club I belong to is a not for profit, yet it "makes a profit" if you count we have money in the bank. It isn't a profit, it pays for future bills, maint., clays, infrastructure, buying a new tractor/mower, rebuilding target frames, equipment so the Boy Scouts can camp there, etc. etc. etc. CMP is a big operation and requires big payments.
    Our club operates the same way. We also have a land fund which allows us to purchase adjacent land when it becomes available.

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Abbreviations used in Reloading

BP Bronze Point IMR Improved Military Rifle PTD Pointed
BR Bench Rest M Magnum RN Round Nose
BT Boat Tail PL Power-Lokt SP Soft Point
C Compressed Charge PR Primer SPCL Soft Point "Core-Lokt"
HP Hollow Point PSPCL Pointed Soft Point "Core Lokt" C.O.L. Cartridge Overall Length
PSP Pointed Soft Point Spz Spitzer Point SBT Spitzer Boat Tail
LRN Lead Round Nose LWC Lead Wad Cutter LSWC Lead Semi Wad Cutter
GC Gas Check