Politicsalsharptonobamaadvisortaxfraudcheat

Thu Jan 29, 2015, 02:26 PM

Sharpton Group Reports Deficits, Tax Debt Plan Despite revenue jump, activist org remains in red.

JANUARY 29--In a new tax filing, Al Sharpton’s not-for-profit organization reports that despite skyrocketing revenue, it ran a hefty deficit, was forced to borrow nearly $200,000 from the reverend himself, and even saw the group’s long-delinquent Internal Revenue Service bill grow.

The latest glimpse into the shaky finances of the National Action Network (NAN) comes via the organization’s latest tax return, which was signed in mid-November by Sharpton, the group’s president, CEO, and highest-paid employee. The return, which covers 2013, describes Sharpton’s outfit as a “Christian activist social justice organization.”

According to the IRS return and an accompanying financial statement, NAN’s revenue--generated primarily through corporate sponsorships--topped $4.9 million, nearly $900,000 more than the prior year. However, the organization’s spending outpaced revenues, leaving NAN with a deficit of $264,000 for the year (which pushed its total liabilities to $1.337 million).

The Sharpton group’s largest debt remains its IRS tab for nonpayment of years worth of federal payroll taxes, as well as assorted interest and penalties for late or non-filing of tax forms. NAN’s federal tax liability rose slightly in 2013 to about $820,000.
http://www.thesmokinggun.com/documents/celebrity/new-sharpton-tax-return-906541

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Reply Sharpton Group Reports Deficits, Tax Debt Plan Despite revenue jump, activist org remains in red. (Original post)
Dexter Morgan Jan 2015 OP
kc_tim Jan 2015 #1
Dexter Morgan Jan 2015 #2

Response to Dexter Morgan (Original post)

Thu Jan 29, 2015, 02:32 PM

1. Good

I love it when hate groups have a hard time.

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Response to kc_tim (Reply #1)

Thu Jan 29, 2015, 03:00 PM

2. Well for some reason Al's hate group does not seem to be having a hard time..

They owe the IRS a lot of money they have very dubious accounting records and they get a free pass,i wonder if it was a conservative group would they have been closed down or audited by the IRS by now........
Oh well we seem to have different standards for different groups.

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