Rev. Al Sharpton Paid Himself More Than $1 Million From His Nonprofit In 2018
New York, NY – The Reverend Al Sharpton paid himself more than a million dollars last year from his nonprofit charity as compensation for his anti-police, race-baiting antics.
Recent tax filings by Sharpton’s organization, the National Action Network (NAN), showed that the reverend collected a $324,000 salary, a $159,596 bonus, and $563,352 in “other compensation,” according to FOX News.
The nonprofit said that the “other compensation” was back pay to make up for the years when Sharpton didn’t get his full salary.
NAN claimed that it hired an executive compensation firm to determine what was owed to Sharpton, who functions as both president and chief executive officer, FOX News reported.
The firm determined that Sharpton was owed $1.252 million, according to NAN, but the reverend graciously accepted $500,000 less than that amount, FOX News reported.
NAN said in a statement that Sharpton and his organization’s board agreed that “he has now been fully compensated for all the years he was underpaid and received no bonus.”
Sharpton received a 32 percent raise from 2017 to 2018, FOX News reported.
“Fifteen years, you are talking about since 2004 when I came back after running for president,” he said. “For anybody else it would be laughable.”
Sharpton defended the raise he got in 2018.
“It’s a six-day-a-week job and several hours a day and when [the compensation firm] compared it to other companies, other nonprofits, that’s the salary that they would get,” he said.
But tax records showed that Sharpton certainly wasn’t suffering in the years prior to his 2018 pay bump, FOX News reported.
He was paid $244,661 in 2017.
And in 2016, Sharpton earned $250,000 plus a $437,555 bonus, according to FOX News.
NAN said at the time the bonus was to make up for a lack of retirement or benefits packages over the years.
Sharpton earned an annual average of $283,543 from 2007 to 2016, collecting as much as $348,244 and a $64,400 bonus in 2014, FOX News reported.
In 2018, he sold the rights to his own life story to his charity for $531,000, a move that was met with a lot of skepticism.
Sharpton has been slowly paying off accumulated tax debts to the state and federal governments.
He settled his personal tab with the state of New York in June with a final balance payment of $95,031.21, but he still owes $698,470.99 in back taxes for three of his businesses, according to FOX News.