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RALEIGH, N.C. (AP) — North Carolina's influential state chapter of the
NAACP has lost its federal tax-exempt status for failing to file tax
returns for three years, according to the federal government.

The Internal Revenue Service stripped the civil rights organization's
state chapter of its tax-exempt status May 15 under a process that automatically revokes the designation for nonprofits that fail to file
federal tax returns for three consecutive years, according to a post on
the IRS site. The status change was made public this month.

The state chapter has been a prominent voice in decrying the policies of
the state's Republican-controlled legislature, including challenging voter access laws in recent years. Earlier this month, the civil rights group
scored a victory when the state Supreme Court ruled a lower court must
consider nullifying a voter ID mandate approved by citizens in 2018.

The loss of federal tax-exempt status was first reported by The News &
Observer in Raleigh. The newspaper reports that experts on charitable
giving say losing the status could hinder fundraising efforts and
potentially drain the organization's resources through taxes on donations
and fines.

The newspaper also reported that the national NAACP intervened in 2019 to
place the state chapter under a punitive administratorship, giving the
national organization more input in how the state branch is staffed and operated. The state and national organizations are working to restore the branch's tax-exempt status.

Da’Quan Love was recently appointed by the national organization to serve
as executive director of the North Carolina NAACP. He told WRAL-TV he
views his role as a consultant to help the state chapter shore up its
finances as the national organization performs a multi-year audit of its finances. He previously served as a leader of the Virginia branch of the
NAACP.

“The national NAACP has launched a financial audit, a full financial, multi-year audit of the state conference as well as all the branches in
the state of North Carolina to rectify these issues and get to the bottom
of these challenges and ensure that this does not happen again and we’re
in good financial standing,” Love told WRAL.

He said the national organization will provide the state chapter with
resources and support so it can continue its civil rights work including get-out-the-vote efforts ahead of the November election.

The loss of tax-exempt status became public weeks after former state
chapter president The Rev. T. Anthony Spearman was found dead in his home.
A cause of death has not been released. Spearman, who lost a bid in 2021
for reelection to lead the state chapter, had filed a lawsuit against
state and national NAACP officials accusing them of defaming him and
conspiring to remove him from the presidency.

Comments:

Number 6
13 hours ago

I am a CPA with a large exempt organization practice. There is no excuse
for failing to file three years of the Form 990. This leads to an
automatic revocation of an organization’s exempt status. From experience,
this type of situation is due largely to mismanagement by organizations’ leadership.

https://news.yahoo.com/irs-revokes-tax-exempt-status-160926989.html

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