Sharpton’s Nonprofit Could be in Trouble
- Posted on September 7, 2010 at 7:30am by
Jonathon M. Seidl
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An audit completed by a private firm shows that Al Sharpton’s National Action Network (NAN) is in such poor financial shape that it might not survive. The audit was sanctioned by NAN, which reviewed the organizations 2008 records, the most recent available.
According to a copy of the audit obtained by the New York Post, the firm, KBL, concluded: “The organization has suffered recurring decreases in net assets — and has been dependent upon advances from related parties and the nonpayment of payroll tax obligations — to maintain continuity. … These circumstances create substantial doubt about the organization’s ability to continue.”
The audit also said that NAN still owed $1.348 million in delinquent city, state and federal taxes and penalties at the end of 2008. And according to the Post article, “the IRS has filed dozens of liens against NAN over the past decade, including one as recently as April of this year.”
In addition, last year, the Federal Elections Commission fined Sharpton $285,000, in part for illegally using NAN funds to fund his 2004 presidential campaign. The Post also found that NAN was named as a defendant in five lawsuits.
But according to NAN spokeswoman Rachel Noerdlinger, the organization is improving. “We determined not to file bankruptcy but to make NAN solvent, which we clearly have done and will be reflected in [upcoming reports],” she told the Post.
Yet some are still waiting to see NAN’s new financials. The Post notes that the organizations has requested an extension from the IRS for filing its 2009 report.
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Comments (129)
starboard
Posted on September 7, 2010 at 10:08am“Al Sharpton’s record of recent behavior is very disturbing and should be addressed by him if he hopes to be viewed as a legitimate advocate for Civil Rights in America.” (Bobby Brown)
Read more at Suite101: Is Al Sharpton a Racist?: Sharpton is Applying a Double Standard Regarding Racist Behavior http://www.suite101.com/content/is-al-sharpton-a-racist-a64827#ixzz0yqvTbWUB
Report Post »userfriendly
Posted on September 7, 2010 at 2:40pm“Is Al Sharpton a racist?”…that’s a rhetorical question, right?
Report Post »Okiegal
Posted on September 7, 2010 at 10:06amWhat goes around comes around and Als’ time is coming to an end…I am not sad…I only hope that under the law he is prosecuted to the FULLEST extent, fair is fair after all…I cannot believe he has not already been prosecuted for delinquent payroll taxes…ah well, he is of the ‘protected’ minority…
Mr Sharpton: Please take care of your delinquent taxes, we do not wish to bail you out, Thank you.
Report Post »Mr and Ms Public.
texans2
Posted on September 7, 2010 at 9:59am…oops, that‘s ’spread the word.’
Report Post »texans2
Posted on September 7, 2010 at 9:58amWonder if we’ll see this reported by the MSM. Yeah right. Thanks Blaze! It’s already working. Spead the word.
Report Post »pavnvet
Posted on September 7, 2010 at 9:58amRevered Al has been a loser all the way back to the Tawana Brawly mess. That alone should have ended anyone with a centilla of common sense from listening to his rants. Why does it seem that every African-American that is in public view have, not one, but several skeletons rattling around in their closets? Think about it. All the way back to Adam Clayton Powell, to Jesse Jackson Jr., to Charlie Rengal there is the stink of impropriaty. Sharpton is just another one that tries to game the system believing he is untouchable and if he yells long and loud enough that the racist whites are out to get him, he will be left to continue his divisivness and hate speech.
Wake up African Americans, these people do not help your situation. Just look at how your society has changed with these leaders over the past 30 years—- more fatherless families, huge gangs, more drug addiction, lower educational attainment and the list goes on.
Once these so-called black leaders stop lobbying for tax dollars as hand outs and using those dollars in hands up spending, you will never achieve assimilation. Though now what I hear too often is not an inclusive message. I was alive in the ‘60’s and didn’t understand segregation as I lived in the north. However, if you look closely at the King marches, you will see many white faces marching arm in arm.
It is time you looked at your leadership and ask the hard question, what have you specifically done for me to improve my life?”
warriorcop
Posted on September 7, 2010 at 10:09amActually our Pal Al has been a complete waste since he was on the side of the Central Park Wilding case. He said that the White woman who was raped, and beaten with a rock deserved it….
Report Post »Alessandre
Posted on September 7, 2010 at 3:20pmThere are many black Americans who aren’t criminals. Col. Allen West is just one of many who comes to mind. It’s not skin colour that makes Sharpton, et al. poisonous beasts, it’s communist beliefs. Communism is the ideology of institutionalized crime. It exists to steal from as many as possible and then enslave those same people and force them to produce more for the communists to continue stealing.
Report Post »warriorcop
Posted on September 7, 2010 at 9:50amI guess racebaiting is no longer as profitable as it once was.
Report Post »heidi586
Posted on September 7, 2010 at 9:48amAll they will do is file bankruptcy and reopen under a different name. Sharpton is an opportunist…
Report Post »VaGal
Posted on September 7, 2010 at 9:36amRacebaiters like Sharpton will never be exposed for what they are unitl the right is un-afraid of being called racist, haters, etc. A crook is a crook, I don’t care if your skin Green. The lame-stream media will always be on the side of the race-baiting left. We must remember who WE are…we will be the KEY! May God Bless America!
Report Post »brandydadog
Posted on September 7, 2010 at 9:34amMaybe he can get Tawanna Brawley to help out.
Report Post »winterhawka7ac
Posted on September 7, 2010 at 9:29amIf this happens it would be a great thing for America. His con has gone on long enough.
Report Post »beekeeper
Posted on September 7, 2010 at 9:28amFrom http://www.nationalactionnetwork.net/about/history.html :
“led delegations to Rwanda, Africa and the Sudan to engage the issues of slavery and genocide; and spearheaded the historic Redeem the Dream March against police brutality and racial profiling in honor of the 37th anniversary of the 1963 Civil Rights March on Washington, D.C. and Dr King’s famous “I Have A Dream” speech.”
Engage the issues of slavery and genocide? Engage? What does that even mean in this context?
So ten years ago they had “Redeem the Dream” now they have “Reclaim the Dream”, so I guess that means they had it, but lost it over the last ten years? Funny how their enthusiasim wained in just ten short years…
Report Post »VaGal
Posted on September 7, 2010 at 9:26amOk, so NAN is 1.348 MILLION dollars delinquient in back taxes…and Sharpton is for higher taxes???? He refuses to pay his but…oh wait,,,yeah, I forgot, he wants EVERYONE ELSE to pay higher taxes-maybe he is waiting for a bailout from the government. You just can’t make this stuff up.
joshua
Posted on September 7, 2010 at 9:24amthat is the formidable conclusion, bailout….but dont be suprised if Obama will use “dealing with Sharpton: as an attempt to “spin” the idea that he is serious about tax fraud and tax delinquency…hmmm have to watch this one develop
Report Post »beekeeper
Posted on September 7, 2010 at 9:32amNAN will not get a pass on the money issues IMHO – it would be too embarassing for the administration, I think it will just quietly go away – no prosecution, no debt collection, it will just go away, and Rev. Al will have a new name for his weekly broadcast…
Report Post »glenyce
Posted on September 7, 2010 at 11:36amI think Al is a thorn in O’s side. I think BHO will throw him under the bus to show his “post racial – ness”
Report Post »JollyTrooper
Posted on September 7, 2010 at 9:23amI never saw this one coming. [/sarc]
Report Post »beekeeper
Posted on September 7, 2010 at 9:22am“the nonpayment of payroll tax obligations”
Whoa, that’s a big one – why haven’t they been shut down for failure to make payroll taxes? I know privatee industries that fail to pay their taxes get hounded mercilessly by the IRS, maybe non-profits work under different rules? But wait, is NAN non-profit? Oh yeah, from their website:
“NAN was formally incorporated on April 4, 1994 as a not-for-profit 501(c)(4) organization.”
Report Post »Awakenow
Posted on September 7, 2010 at 9:15amIsn’t it interesting how these guys raise the rhetoric when the money runs low. When will his contributors learn it isn’t about his afection for the black community but his own power. He has nothing if we are all equal.
Report Post »NC
Posted on September 7, 2010 at 9:13amMaybe they have found their charitable foundation for the upcoming 10-2-10 rally.
NC
Report Post »cmdorsey
Posted on September 7, 2010 at 9:11amI wish BHO would leave DOGS alone. He is making a bad name for them. Dogs are loyal to the core and loving and caring. This SOB is a hardcore, cold, cruel piece of crap
Report Post »cmdorsey
Posted on September 7, 2010 at 9:10amIn MY opinion, the MAINSTREAM MEDIA will have blood on their hands. They should be held accountable for the PARTISAN, BIAS, and sickening way they COVERED UP FOR THIS MARXIST. They all know the truth but the THRILL UP THE LEG is much more important, right Chris Mathews?? How’s that tingly HOAX AND CHAINS going for you??? MSNBC, NBC,
Report Post »ABC, CBS all need to be TAKEN OFF THE AIRWAVES. Yup, MSM, YOU are just as much to blame as the leftist, marxist, fascists, communists, greenie weinies for destroying the MOST BEAUTIFUL COUNTRY ON GOD’S EARTH. YOU ARE ALL SO SICKENING.
Debrabate
Posted on September 7, 2010 at 9:08amIf this were a Wall Street Firm the FDIC would have already taken it over. But never fear, just like ACORN, this administration will bleed money into it.
Report Post »LadyIzShy
Posted on September 7, 2010 at 9:08amNA will not go under they will get a bail out . Taxes will be forgiven. If so then I think MY taxes should be forgiven if I fail to pay them. I mean really why bother to pay taxes if the government doesnt care…
rev Al has got be be looking for a way to BOB
Report Post »Freelancer
Posted on September 7, 2010 at 8:05amNever fear…. The administration will step in with a taxpayer bailout to preserve this “historic” and “fundamentally” important institution dedicated to race baiting and the division of the races. Paid for by you and me of course. Maybe even the Reverend George Soros will provide some funding. After all, we can’t loose one of the nations most divisive jack-wagons that says what the president is thinking now can we?
Report Post »BQI
Posted on September 7, 2010 at 8:23amWell said. What ever could have possessed me to think that this Administration would allow this sacred organization to be thrown under the bus.
Report Post »KenM2
Posted on September 7, 2010 at 8:47amexactly, you see, he has friends in high places.
Report Post »TennesseeVeteran
Posted on September 7, 2010 at 3:00pmIt will be bailed out quicker if NAN unionizes. Can you imagine Al Sharpton as a union shop boss?
Report Post »Juripari
Posted on September 8, 2010 at 12:17amI see you saw the same commercial, I love it when he offered his patient tissues and then throws them at him. It is one of my favorite off all commercials. You Jack-Wagon
Report Post »KYWATCHDOG
Posted on September 8, 2010 at 10:07amAND JUST THINK OF ALL THE JOBS THEY’LL SAVE.
Report Post »Dennis
Posted on September 7, 2010 at 8:03amOh, not to worry, I’m sure NAN is just “ To Big to Fail” and will be “bailed out” by our tax dollars!
Report Post »butler180
Posted on September 7, 2010 at 10:06amYou may be on to something, but it will come at a price. Pres. Obama will want his undying support in exchange for the bail out.
Report Post »Metalist
Posted on September 7, 2010 at 6:01pmWhat? Are you kidding? He ALREADY has full support, remember? Even when the other baiter, Jackson wants to castrate the president, he still supports Obama.
Report Post »BQI
Posted on September 7, 2010 at 7:56am“AMERICA’S CHICKENS……HAVE COME HOME……TO ROOST!!!”
Report Post »Stuck_in_CA
Posted on September 7, 2010 at 9:26am‘Bout time! What took ‘em so long?
Report Post »firethecommunityorganizer
Posted on September 7, 2010 at 10:06amBQI – You are so-o-o-o “Wright”!
Report Post »Toader Gloat
Posted on September 7, 2010 at 11:26amHa…nice! Can you even imagine how history is gonna reflect on Sharpton and Jackson? These guys are lampreys in the truest sense.
Report Post »ConstitutionalPatriot
Posted on September 7, 2010 at 12:35pmPerfect post. . . Perfect!
Report Post »rjace
Posted on September 7, 2010 at 12:54pmI am still waiting to find out where Rev. Sharpton’s and Rev. Jackson’s churches are. Two guys that make money off racism. That is why they race bait so much. If racism went away, so would there phoney baloney jobs.
Report Post »UncleSamIam
Posted on September 7, 2010 at 1:50pmhe he he…
Report Post »jrcess
Posted on September 8, 2010 at 2:28pmSharpton was invented by a fraud. Jesse and Al had the Brawley gal to claim she was defecated on in a trash bag by white people. This was all a lie, this guy is a disgrace to humans and should be prosecuted.
Report Post »jrichardson
Posted on September 7, 2010 at 7:48amAnd how much taxpayer money has this organization received? Sharpton will not be protected like Rangel and Waters as he is a private citizen and will be prosecuted.
Report Post »timeisnow
Posted on September 7, 2010 at 8:56amDoes anyone care about NAN? If it has anything to do with RACE BAITING AL…we dont give a damn!
Report Post »hersey10
Posted on September 7, 2010 at 10:28amThis couldn’t have happened to a nicer man .
Report Post »baldwin4freedom
Posted on September 7, 2010 at 10:35amAs I have said before Sharpton is irrelevant.
His message is destructive to his followers lives.
Report Post »adifftake
Posted on September 7, 2010 at 10:52amJrichardson,
Report Post »You actually believe that Al “ I got a dream of living off others ” Sharpton, is going to be prosecuted? You are kidding right? I mean as long as we have an Attorney General who thinks Black should not be prosecuted for even egregious things, what makes you think he’ll prosecute wrongdoing by a black leader?
BarbRah
Posted on September 7, 2010 at 12:05pmAs I often say to Rush…“Mega Dittos”, JRICHARDSON
Report Post »JJ Coolay
Posted on September 7, 2010 at 4:35pmGood riddance. If they need diggers for the grave, I’ll volunteer!!
Report Post »thunder4570
Posted on September 8, 2010 at 12:14amI think its all Bush’s fault! that and the racist Tea Party! Sorry I havent heard that in about 10 minutes, so I figured I would post it before one of the agitators did.
Report Post »RWA
Posted on September 8, 2010 at 1:52pmThis is a good sign people,, it shows race baiting is not as profitable as it once was ! Perhaps we are moving on after all !
Report Post »