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.
Kynarion Hellenis says
Jesse Jackson is a parasite, dependent upon a spirit of envy and hatred which has lavishly rewarded him.
merry lou dale says
Has it rewarded him? Have you seen him lately???????
CowboyUp says
That’s due to money mismanagement, not lack of grift. Thanks for reminding us though, it is nice to see there’s been a little justice in this world. He’s still lived a very cushy life off the backs of others, and caused a lot of injustice.
CowboyUp says
Doesn’t al still owe the plaintiffs of a civil suit? This scam is also probably to help him skate on that because technically he doesn’t own anything for them to go after. Poor guy doesn’t even own a suit, but lives like a king, lol, what a racket. And of course, like all dem elites, he gets climate indulgences to jet around to “gatherings” all the time.
Algorithmic Analyst says
Leave them a loophole, and they will open it wider than the barn door.
JS says
Is Sharpton ever going to be held accountable for all the crime and racism and division he’s caused. Probably not. They are a protected class from any negativity, certainly no jail.
BLSinSC says
And remember how many “businesses” he had that had “mysterious fires” that destroyed all the records! He should have been indicted for inciting sever riots, but the one where several people were killed should have been the END of the “Good Reverend”!
Andrew Blackadder says
Sharpton is nothing but a two bit Race hustling Pimp that is playing America, mostly white America, for the fools he thinks they all are as he screams racism racism while being a bigger racist than the Grand Wizard of the KKK.
This low bottom feeding scumbag should be in Prison, for Tax Fraud and for what he did back when he accused three rich white American men of raping a poor, rather unattractive black ghetto dwelling young girl and then she admitted it that it was all a scam… But Sharpton got away with it… No charge, nada…
He is a Con man in a $5k Suit he doesnt own..
Come On man?.
CowboyUp says
“He is a Con man in a $5k Suit he doesnt own..”.
Come On man?….” Sums it up perfect. It’s embarrassing that any American would be so unwise to such an obvious con. And for someone who doesn’t own one, I too notice he sure wears some nice ones.
Grant E Herbster JR says
“Rev” Al never went to Divinity School of any sort – used to run a shop lifting ring in Brooklyn during late 1970’s and early 1980’s – would have hundreds of kids run thru A & S and May Department stores on Fulton Street grabbing what they could – then the store management would go to his FIRST CHURCH OF THE GORY DEATH AND DISCOUNT HOUSE OF WORSHIP on Schermerhorn Street and make a “donation” to get the merchandise back
did he ever pay the IRS the amount he agreed to under an Offer-in-Compromise years ago?