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Is the IRS Letting Sharpton Run His Own Personal Piggybank?

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Published on: November 21, 2022

NAN also forked over nearly $1 million on private jets and limos.

Al Sharpton was BLM before there was a BLM and its grift is closely modeled on his work and that of Jesse Jackson.

Sharpton’s habits aren’t news to anyone. The latest developments just reaffirm that the National Action Network is not only Sharpton’s political platform, but maintains his lifestyle.

Rev. Al Sharpton’s charity nearly doubled his compensation and also shelled out close to $300,000 for private jets so that he and other bigwigs could attend “important gatherings.”

The National Action Network paid Sharpton $348,174 in 2021 as its president and CEO and gave him a hefty bonus of $278,503 — plus $22,117 worth of benefits for total compensation of $648,794, its latest tax filing shows.

The preacher’s 2020 compensation came to $347,183, which did not include a bonus.

NAN also forked over nearly $1 million on private jets and limos.

The self-dealing at NAN long ago became absurd.

In 2017, Sharpton sold the rights to his life story to NAN for $531,000 with the organization intending to turn around and off-load them for a profit.

An amusing New York Times story (Dec. 21, 2000) noted that Sharpton went so far as to say that he owned no suits but had “access” to a dozen. Sharpton also said he did not own a television set but watched a TV in his home purchased by the company he runs. In a court deposition, Sharpton confused his examiner by explaining that he invests almost all his salary in his company, Rev. Al Productions, which pays the rent and utilities for his family home. Sharpton said he reimburses the company for its expenses. At another point he noted that the only items he personally owned were his watch and wedding ring.

New York AG Letitia James, who has illegally targeted Trump and the NRA, would not be likely to investigate. But Sharpton’s habits do raise legal questions.

The National Action Network is a 501(c)(4) and while C4s have more leeway than C3s, they’re not supposed to be the personal piggy banks of an executive or a group of them. Take it from the IRS.

“An organization that primarily benefits a private group of citizens cannot qualify for IRC 501(c)(4) exempt status.”

This was meant to distinguish social welfare groups back in the halcyon days when the orgs using this were primarily serving some sort of civic, rather than political function.

NAN is more unique because it’s there to take care of Al. It primarily benefits one man.

To see how extreme this is, NAN had revenues of $11,156,355 in 2020. It had expenses of $7.8 million. Executive compensation covers $624,290 of that money.

The IRS is not currently likely to touch Sharpton since he’s a Democrat kingmaker and power broker. But that can change. If elected officials and reformers dare to imagine an honest IRS.

Article posted with permission from Daniel Greenfield

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