Asked recently to explain why he accepted over $1 million in pay from his own charity last year, notorious racial grievance monger and left-wing activist Al Sharpton argued that he deserved the money and that his choice to take only $1 million was generous.
And yes, that really happened.
Last year, Sharpton’s National Action Network — a non-profit linked to the Freddy’s Fashion Mart massacre and anti-Semitic Muslim Rep. Rashida Tlaib — paid him $1,046,948, according to tax filings reviewed by the New York Post.
“Sharpton got a $324,000 salary — 32% higher than his 2017 pay — in addition to a $159,596 bonus and $563,352 in ‘other compensation,’” the Post reported.
The nonprofit reportedly claimed the extra money was simply money it owed him as per the work he’d done for it between 2004 and 2017. He was “underpaid and received no bonus,” the Harlem-based group said in a statement to the Post.
“NAN said it hired an executive compensation firm that determined the good reverend was owed $1.252 million — but he was generously willing to take $500,000 less,” the Post added.
Such a nice, selfless guy …
— Jack Furnari (@JackBPR) June 23, 2017
Speaking with the Post last week, the reportedly “sharp-dressing, silver-tongued preacher” defended his $1 million payday by arguing that he deserved it.
“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. It’s a six-day-a-week job and several hours a day, and when [the compensation firm] compared it to other companies, other non profits, that’s the salary that they would get.”
“In 2014, a nonprofit salary study indicated that the average salary of a CEO was $118,678, but compensation varied, based upon the overall operating budget of the organization,” the Houston Chronicle reported last year.
CEOs at nonprofits with an operating budget under $500,000 received an average of $60,000, while CEOs at nonprofits with an operating budget surpassing $50,000,000 received an average of $317,024, the report noted.
What’s NAN’s operating budget? While that remains unclear, the Capital Research Center’s Influence Watch notes that that in 2016 NAN earned $5,821,440 in revenue, paid $5,817,203 in expenses and owned a paltry $521,827 in assets.