The North Carolina NAACP had its tax exempt status revoked by the IRS according to numerous media reports.
The tax exempt status was revoked because the NC NAACP failed to file tax returns for three years.
An article in the News & Observer states, “Much of the conflict gripping the NC NAACP involves criticism, including financial mismanagement allegations, directed at the late Rev. Anthony Spearman, who led the NC NAACP from 2017 to 2021.”
Spearman, who was also a member of the Guilford County Board of Elections, was found dead in his home on July 19 in what one 911 called described as an extremely bloody scene. The Guilford County Sheriff’s Department has not released a cause of death and the case is reportedly still under investigation.
Spearman had been accused of failing to transfer financial records to the new president of the NC NAACP, Deborah Maxwell. Spearman had contested the results of the election in which Maxwell had defeated Spearman.
The national NAACP revoked Spearman’s membership in February reportedly because he failed to turnover financial records and other documents when he left office.
The national organization had also placed the NC NAACP under administratorship in 2019 which meant the national organization appointed administrators who took over the operation of the NC NAACP.
Spearman had also filed a lawsuit against national and state NAACP officials in June.
The revocation of the tax exempt status of the NC NAACP means that donations to that organization are not tax deductible which could have a serious negative impact on fundraising.
The News & Observer article states, “Organization bank statements reflect years of payments made to unidentifiable parties, with hundreds of thousands of dollars unaccounted for, according to the group’s current treasurer.”
There have been several calls for an independent audit of the finances of the NC NAACP.
AWWWW, That is what happens when you have crooked people running things.
Another example of Journalism. The facts are reported: and opinions are left to the reader. This is the way reporting will benefit everyone.
Fraud and murder…… so sad.
This organization was a good and decent vehicle for exorcising bigotry back in the day. Now they just look like a bunch of Leftists who can’t be trusted with money, and who have God knows how many skeletons in their closet (possibly including murder of the corrupt Reverend).
Debased, debauched and degenerate.
Are we to be surprised with no accountability?
They need to revoke the tax exempt status of the retirement facilities such as Well Springs, Friends Home and White Star that pay no taxes in GSO & Guilford County. The residents also pay no taxes but are allowed to vote on bonds in GSO & Guilford County. There is no reason these facilities should be tax exempt. Most require hundreds of thousands of dollars to become a resident but the facilities are tax exempt for some reason.
I would add Goodwill to this non-tax-exempt. This company is for the immense profit of the people who run it. Despite their ever-prices increases for donations that cost them NOTHING, their employees do not enjoy decent wages or benefits. I used to buy used sport shirts there, but their price has doubled in just a few years, despite the zero cost. They are a retail business just like all the others who do not pretend to be a charity.
Tax-deductible? Who among their clientele would get any deduction, above the high standard deduction?
Oh, try getting their financials on line. Another question would be in what manner did they get status as a charity?
I’m surprised they’ re not screaming “racism”. Black run operations like BLM and the N C NAACP seem to fail to keep track of donated money and when called to account, shout that it’s racist to demand they play by the same rules as everyone else. I remember the questions about the Rev. King’s alledged malfeasance several years ago. The investigation was abruptly stopped when his computer was sent to Raleigh for what should have been a forensic exam but arrived sans the hard drive. It didn’t appear to be any effort to solve that mystery thereafter.
I’ve often wondered why the International Civil Rights Museum has not had a forensic accounting of its books as, like the NAACP, monies have seemed to go down a “black hole” ( no pun intended) with no strict accountability.
Are you saying that White run organizations don’t have the same issues? You know like Trump’s charity for children that never gave money to children but was able to bid up a portrait of Trump to feed Trump’s ego?
White people rule Chris always will. Get used to it.
Rule what? you don’t even rule Guilford county. That’s why you always in here crying. Those days are coming to an end already have here.
I’m never crying have no real issues but remember I said this KARMA is a bitch and there is coming a day I’ll be saying I told you so.
Civil Rights Museum has not been audited, because there are players who are smart enough not to leave a trail.
Well what do you know KARMA is coming home to micheal king opps I mean spearman and the racist democrat organization called the naacp. Serves them right. No sense in doing an audit that money is long been spent helping to keep someone quiet. Enjoy the ride.
Maybe the NAACP could put Al Sharpton in charge. Seems he knows a way around the IRS and not being brought to justice for back taxes. Just Saying
Why did it take 3 years to revoke? Is this a normal time period? Where did the money go that was donated? Where is the accountability? Sounds like our city council and cure for viol= no accountability. Sad that those who donated in good faith will not receive credit for their donation.
Just another crook running a crooked ,racist organization.
Why isn’t there a NAAWP? In the current environment, we certainly need an organization more than the blacks!
Contested election. Failure to transfer records. Where have I heard this before?
The NAACP is a political organization with a goal to elect Democrats to office. It should not be considered tax-exempt because it is so partisan. The organization is outdated and has served its original purpose. One NAACP goal now is to obstruct the legitimate voting process by opposing IDs to vote. It is my opinion that any organization that opposes voter IDs want to leave a door open for fraud. This includes most in the Democrat party, NAACP and Anita Earls, NC Supreme Court Associate Justice. How did a Seattle, Washington transplant get elected to NC Supreme Court. That’s right, she is a Democrat.
I can hear the voice of Robert Stack. “Tonight on Unsolved Mysteries: Power, Money, Sex, Politics, Race, Religion, Robbery, & Mysterious Death. Lots of questions… What happened to the Reverend Spearman?” This is the stuff movies are made of.