The 113 year old arts and social club on Park Avenue South, N.Y., has generated more column inches about the “unusual” behavior of its former President than its artist members, who pay upward of $1000 to become members. But is the NAC more than just a school for scandal?

The current system is “like the Wild West,” with a glaring lack of policing or regulation over just who qualifies for 501(c)3 status, said a spokesperson for America’s largest independent charity evaluator, Charity Navigator.

After months of leaked memos and a public airing of dirty laundry more speckled than a Damien Hirst dot painting, former National Arts Club president Aldon O. James Jr. was finally ousted from the Gramercy Park club last week…