(Patriot Insider) – Black Lives Matter is in hot water. The California Department of Justice has threatened to hold the Marxist organization’s leaders personally liable if they do not produce required financial reports within the next two months.
The Washington Examiner reports that the so-called “charity” organization has a bankroll of about $60 million, however, it failed to turn in required annual financial reports that are required of tax-exempt organizations.
“The organization BLACK LIVES MATTER GLOBAL NETWORK FOUNDATION, INC. is delinquent with The Registry of Charitable Trusts for failing to submit required annual report(s),” the Jan. 31 letter said.
According to the Examiner, BLM has yet to submit its 2020 Form 990, the required document for charities that claim to be exempt from income tax, along with other financial documents.
The letter asserts that BLM will be prohibited from “soliciting or disbursing charitable funds” until it produces the necessary forms.
In addition, the letter also states that if they fail to hand over the reports within 60 days the California Registry of Charitable Trusts will revoke BLM’s tax-exempt status and impose fines for “each month or partial month for which the report(s) are delinquent.”
“Directors, trustees, officers and return preparers responsible for failure to timely file the above-described report(s) are personally liable for payment of all penalties, interest and other costs incurred to restore exempt status.”
California isn’t the only state raising concerns about the financial ongoings of BLM. The state of Washington has ordered BLM to “immediately cease” fundraising as per a Jan. 5 letter, according to a separate article by the Examiner.
According to that report, Washington state has also informed BLM that they could begin facing fines of up to $2,000 for every donation solicited or received.
It won’t come as a surprise that, as of Monday, BLM has ignored the order and has continued accepting donations.
Also unsurprising, BLM has been out of compliance with charity registration requirements in a number of states including Maryland, Maine, Connecticut, New Jersey, North Carolina, and Virginia.
CharityWatch Executive Director Laurie Styron described BLM as being “like a giant ghost ship full of treasure drifting in the night with no captain, no discernible crew, and no clear direction,” according to the Examiner.
Is this just a case of really bad bookkeeping or is there something more nefarious going on here? We’d put our money on the latter and so would Lavern Spicer, a Florida Republican running for a seat in the US House of Representatives.
Spicer contends that the organization is purposefully avoiding transparency in order to hide where the donations are really going.
“Black lives DON’T matter to Black Lives Matter, that’s why none of the $30 million they raised ever went to help any part of the black community,” Spicer tweeted.
Black lives DON’T matter to Black Lives Matter, that’s why none of the $30 million they raised ever went to help any part of the black community.
— Lavern Spicer (@lavern_spicer) February 2, 2022
On top of BLM clear financial issues, the organization currently does not even have a leader. Co-founder Patrisse Cullors (pictured at top) resigned in May 2021 after accomplishing her rise to the upper echelons of society.
Cullors named two fellow activists to take over the executive director position but neither ended up taking on the role after apparent disagreements with BLM.
Interestingly, Cullors’ resignation was tied, at least in part, to the organization’s shady finances. According to a New York Post report from April 2021, Cullors bought four luxurious homes during her time leading the corrupt organization.
Among the properties she purchased is a $1.4 million house near Malibu, California and a “custom ranch” on a 3.2 acre plot in Georgia which also boasts an airplane hangar and swimming pool. Cullors used her success from BLM to get as far away from black communities as she possibly could.
Cullors has been criticized by other activists in similar organizations such as the leader of the separate group Black Lives Matter Greater New York City, Hank Newsome.
Newsome slammed Cullors saying, “If you go around calling yourself a socialist, you have to ask how much of her own personal money is going to charitable causes,” he said. “It’s really sad because it makes people doubt the validity of the movement and overlook the fact that it’s the people that carry this movement.”
None of this should come as a surprise if you’ve been paying attention and understand what BLM really is. The organization is a political party rooted in Marxism whose goal and sole purpose is to sow discord and division within the US by fanning the flames of so-called inequality and racism.
America would benefit greatly if BLM was shut down for good.
Copyright 2022. PatriotInsider.org
