Wednesday, August 31, 2022

In an Oops Moment North Carolina NAACP Loses Tax-Exempt Status For Failing to File Tax Returns For Three Years


The NAACP formed in 1909 has been a leader in the Civil Rights Movement
Most would agree that donations to it have been well spent
The North Carolina branch of the NAACP was founded some 83 years ago
Like the national a fearless fighter for civil rights we came to know
But today it was revealed the North Carolina branch in May will have some severe problems for a while
The IRS ended its tax-exempt status then due to not having for the last three years its tax returns filed
Until the returns are filed donors to the organization cannot their donations deduct
Seeking corporate and high income donations it may be returning empty handed out of luck
Whatever funds still on hand could be drained by taxes on donations and failure to file fines
Once again the national NAACP is having to act to the trying to the damage confine
What should be troubling is that the national NAACP intervened in 2019 to impose controls on staffing and spending
Which must not have worked as North Carolina’s problems are now really beginning not ending
A statewide audit of funding and spending is now underway, and Da’Quan Love has been appointed as Executive Director to supervise the audit and get the returns filed with the IRS
Given the good work and goals of the organization we hope he quickly moves to clean up this mess
In the meantime, the national NAACP will contribute funds to ensure the organization’s civil rights work is not curtailed
A lesson expensively learned that in being a tax-exempt in filing tax returns on time, an organization can’t fail

© 8/31/2022 The Alaskanpoet


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