Which one of the following statements is not correct with regard to exempt organizations? A Exempt status of an organization may be retroactively revoked. B Exempt organizations that are required to file annual information returns need not disclose the identity of substantial contributors. C An organization will not automatically forfeit its exempt status if any executive or other employee of the organization is paid compensation in excess of $150,000 per year, even if such compensation is reasonable. D An organization is not automatically exempt from tax merely by meeting the statutory requirements for exemption