Breitbart: Black Lives Matter (BLM) had an $8.5 million deficit, and its investment accounts lost nearly $10 million in value, according to 2022 tax records.
The non-profit has blown through 2 ⁄ 3 of $90 million raised since the summer of 2020 following the death of George Floyd, the Washington Free Beacon reported. The Black Lives Matter Global Network Foundation’s (BLMGNF) most recent filing of Form 990 paints a grim picture of BLMGNF’s financial health, indicating a trajectory toward financial insolvency. In 2022, the charity logged a $961,000 loss on a security sale of $172,000.
BLM was a violent, corrupt Marxist enterprise, supported by the Democrats, entertainers, athletes, broadcasters, Romney, et al. Yet not one of them has apologized to the public. And several of their top execs received millions. https://t.co/oTK2xmAlIg
— Mark R. Levin (@marklevinshow) May 24, 2023
Co-founder Patrisse Collors resigned from the organization in May 2021 due to allegations that she was spending foundation funds for her own personal use. Breitbart reported last year that Collors hosted personal parties at a $6 million property in Los Angeles owned by the organization. She admitted the organization was ill prepared to handle the large wave of funds but denied any wrongdoing. Even after her resignation, a 2022 tax return revealed her friends and family were still reaping heavy financial benefits from the organization.
Collors’ brother, Paul Cullors, collected a salary of $126,000 as head of security despite not having a background as a bodyguard. He was one of only two paid employees in the organization. Cullors and his two companies made $1.6 million dollars providing“professional security services” to Black Lives Matter.
BLM now $8.5 million in the red as donations tank, leaders continue to spend lavishly https://t.co/7gzI2mISt8
— TheBlaze (@theblaze) May 24, 2023
Last September, Black Lives Matter Global Network Foundation’s board member Shalomyah Bowers was accused of siphoning $10 million from donors to pay his consulting firms. Last year, Black Lives Matter paid $1.7 million to his company Bowers Consulting. Black Lives Matter’s former sister organization Black Lives Matter Grassroots filed a lawsuit accusing Bowers for using the charity’s fund as his own “personal piggy bank.”
The lawsuit stated:
His actions have led [Black Lives Matter] into multiple investigations by the Internal Revenue Service and various state attorney generals. Instead of using the donations for its intended purposes, Mr. Bowers diverted these donations to his own coffers and intentionally took calculated steps to prevent those same resources from being used by BLM for on-the-ground movement work.
Black Lives Matter is the biggest scam in US charity history with the exception of the Clinton Global Initiative and the Biden Cancer Foundation. WHAT A JOKE! #fblm @blacklivesmatter #blmscam #blm https://t.co/rrsFXKbvKM
— Rob Carson (@RobCarson) May 24, 2023
In February 2022, Black Lives Matter was forced to shut off its online funding streams due to transparency issues. In 2022, Black Lives Matter raised just $9.3 million — down by 88% from the previous year. The charity spent $10.5 million on contractors and $12 million on real estate properties in Canada and Los Angeles.
Last summer, Black Lives Matter brought on a new board of directors led by Cecily Gay. Since 2006, she has reportedly filed for Chapter 7 bankruptcy three times, according to the New York Post.
Biden Admin Betrayal: Blinken Tells Israel It Lacks ‘Credit’ To Defeat Hamas
Breitbart: U.S. Secretary of State Antony Blinken told Israel that it lacks “credit” to conduct the kind of military campaign...
‘A Friend Of Ours Forever’ – Chinese Communists Celebrate Life Of Henry Kissinger, Dead At 100
Breitbart: Genocidal Chinese dictator Xi Jinping, the Chinese Foreign Ministry, and regime-approved commenters on the tightly controlled Chinese internet...
House Republicans Who Defied Pelosi’s Mask Mandate Appeal To SCOTUS
SCNR: Three Republicans who were fined by former House Speaker Nancy Pelosi for not wearing masks have asked the United...
Biden’s DOJ Seized Extensive Records Of Users’ Interactions With President Trump’s Twitter Account
The Post Millennial: Biden’s Department of Justice released the redacted search warrant for Donald Trump’s Twitter account from by special...
Exclusive Poll – Voters’ Top 3 Descriptions Of Joe Biden: Old, Weak, and Tired
Breitbart: The top three descriptions of President Joe Biden by likely registered voters depicted the 81-year-old as low energy, according...
Trump’s Attorneys Demand DOJ Documents Regarding Undercover Activity On J6
The Post Millennial: In a discovery letter filed last week in the US District Court for the District of Columbia,...
New Details Emerge Of Inhumane Israeli Hostage Conditions Under Hamas
Breitbart: More details are emerging about the harsh conditions in which Hamas kept Israeli hostages, including children and the elderly....
Political Correctness Run Amok – Border Patrol Required To Use ‘Preferred’ Pronouns
Just the News: The Biden Homeland Security Department’s new pronoun rules for illegal immigrants is getting lambasted by the union...
Israel’s Army Radio: Hostage Release Begins Friday, After ‘Pause’ In Fighting
Breitbart: Israel’s Army Radio announced Thursday morning, citing the foreign minister of Qatar, that a pause in the fighting between...