Posted on 05/24/2023 11:28:33 AM PDT by SeekAndFind
T The official Black Lives Matter organization lost millions of dollars in 2022, according to recently unearthed tax returns.
According to the Washington Free Beacon, the Black Lives Matter Global Foundation Network saw a deficit of $8.5 million in 2022, and also lost $10 million from its investment accounts. In addition, the group recorded a loss of $961,000 on a securities sale of $172,000, amounting to a roughly 85 percent loss as a result of the transaction.
Patrisse Cullors, one of the co-founders of the group, had previously criticized the idea of so-called charities being forced to disclose their finances, referring to the practice as “triggering” and “deeply unsafe.” Cullors herself has come under fire for allegedly using money raised by the organization to buy multiple mansions for herself and her partner, Janaya Khan, all across the country.
The latest revelations from the group’s Form 990 suggest that it could be on its way to financial insolvency, even after Cullors stepped down in 2021 and appointed a new successor, Shalomyah Bowers.
In Fiscal Year 2022, the organization raised a mere $9.3 million, a staggering 88 percent drop from the prior year. In February 2022, the group was forced to shut down its online fundraising operations due to transparency concerns raised by several blue states. The organization had previously raised as much as $90 million in the aftermath of the death of George Floyd, a black man who died of a fentanyl overdose while in police custody in Minneapolis, Minnesota, in May of 2020.
(Excerpt) Read more at amgreatness.com ...
They didn’t loose it. It was stolen. Simple as that.
They weren’t lost; they were skimmed. That’s BLM’s mission. Blacks Looting Millions.
The Democrats don’t need them anymore until the next Republican President gets elected then they will start looting and burning again.
They need to claw back Cullors mansions he bought with the money
the marxist is actually a grifter
imagine that
Gee, I didn’t know that “Ideas” had to file tax returns!… go figure..”
Anyone here surprised? I didn’t think so. LoL
In addition, the group recorded a loss of $961,000 on a securities sale of $172,000, amounting to a roughly 85 percent loss as a result of the transaction.
Like most “non-profits”, BLM was nothing more than a money laundering scheme. They shook down corporate America at the height of the George Floyd riots, for hundreds of millions of dollars. The money is gone, and those at the top of the organization are suddenly very rich. Where did the money go?
“Every great cause begins as a movement, becomes a business, and eventually degenerates into a racket.” ~ Eric Hoffer
Mostly to self-serving grifters and illegal DNC donations.
Did Joe get his 10%?
Let’s see what next years Summer of Love brings.
Lost? Stole more like it.
Except BLM wasn’t a ‘great cause’.
Well, they skipped the first two steps. :)
They plan on hiring another of the leaders friends for millions to find out where the money is going.
These pukes got thier reparations
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