2022 Tax Records Show Black Lives Matter
in the Red — Heading Toward Insolvency
Breitbart,
by
Elaine Mallon
Original Article
Posted By: Beardo,
5/25/2023 10:30:47 AM
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. (snip) In 2022, the charity logged a $961,000 loss on a security sale of $172,000. (snip) 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.
Reply 1 - Posted by:
DVC 5/25/2023 10:34:36 AM (No. 1477170)
A group of evil, violent, racist scammers. The sooner they go the way of the Symbionese Liberation Army or other violent, racist hate groups, the better.
18 people like this.
Reply 2 - Posted by:
anniebc 5/25/2023 10:39:54 AM (No. 1477176)
That's how it works when you win the lottery, and when you're unprepared for the sudden wealth and ill-gotten gain. Raise your hand if you're surprised.
12 people like this.
Reply 3 - Posted by:
Quigley 5/25/2023 10:47:21 AM (No. 1477183)
When money gets stolen from an organization it tends to “lose money.”
14 people like this.
Reply 4 - Posted by:
EJKrausJr 5/25/2023 10:56:35 AM (No. 1477189)
Where are a few of the 87K IRS hires? Investigate this money sink. Where the heck is the money? Find the money. If this were a White Charity there would be shite to pay for this much theft.
14 people like this.
Reply 5 - Posted by:
SilkCity 5/25/2023 11:29:34 AM (No. 1477207)
Lots of envelopes went out the door there.
3 people like this.
Reply 6 - Posted by:
Birddog 5/25/2023 11:54:24 AM (No. 1477226)
Healine: "Slush fund found to be slushy, assets melted away",
One $Million Dollar+ Plus investment sold for $170k.
As all Dems do...what they call "Investment" is more properly called, "Spending/Giveaways/Waste/Fraud/Abuse". Investments MUST be categorized as something with a "realistic prospect of positive returns".
3 people like this.
Reply 7 - Posted by:
udanja99 5/25/2023 12:51:49 PM (No. 1477260)
As far as I can tell, not one penny was actually spent by BLM on a single needy black person. Why are the “leaders” not in prison for extortion and fraud?
And what about all of those woke idiot CEOs who provided million$ to a complete fraud of a “charity”? I’d love to be a fly on the wall when they explain their actions to their stockholders.
5 people like this.
Reply 8 - Posted by:
Starboard_side 5/25/2023 12:58:04 PM (No. 1477272)
Wait, they didn't spend the money wisely?
How does someone file Chapter 7 three times in 15 years and is entrusted to manage money well again?
9 people like this.
Reply 9 - Posted by:
rochow 5/25/2023 1:26:35 PM (No. 1477287)
I guess most of the $$$$ was lost due to 'stuff' that went up their noses, big homes, big necklaces and a lot of lobschtas.
3 people like this.
Reply 10 - Posted by:
Toodles3956 5/25/2023 2:59:59 PM (No. 1477356)
Look around. With few exceptions you cannot put a black person in a position of power and expect much good to happen. Sorry to have to say that but it's true. It's up to the black community to turn that around.
2 people like this.
Reply 11 - Posted by:
3XALADY 5/25/2023 3:21:05 PM (No. 1477369)
What is chilling to me is that BLM collected $90 million in donations from woke businesses. And that after burning cities down, no stink is associated with their initials.
7 people like this.
Reply 12 - Posted by:
janjan 5/25/2023 3:37:46 PM (No. 1477378)
These grifters never had any intention of using this money to help Black people. Corporations bowed down in fear and filled their bank accounts with millions of dollars. They got played for the fools that they are. So did all the Blacks who thought this was a new gravy train. It was for the inner circle.
5 people like this.
Reply 13 - Posted by:
zoidberg 5/25/2023 5:29:12 PM (No. 1477440)
Red Ink Matters.
2 people like this.
Reply 14 - Posted by:
LadyVet 5/25/2023 5:42:23 PM (No. 1477448)
Time for some more revenue riots.
2 people like this.
Reply 15 - Posted by:
JrSample 5/25/2023 10:07:22 PM (No. 1477645)
''Every great cause begins as a movement, becomes a business, then degenerates into a racket.''
--Eric Hoffer
Since BLM was never a great cause it just skipped the first two steps.
3 people like this.
Reply 16 - Posted by:
mifla 5/26/2023 5:23:25 AM (No. 1477767)
When asked to comment, BLM replied: Haven't you ever heard of reparations?
1 person likes this.
Reply 17 - Posted by:
MickTurn 5/26/2023 11:09:13 AM (No. 1477969)
Well it seems that BLM actually means Bozo Losers don't Matter.
1 person likes this.
Reply 18 - Posted by:
JimBob 5/27/2023 12:24:18 AM (No. 1478395)
The crooks running the organization emptied the coffers into their own pockets, then walked away.
It's not complicated.
0 people like this.
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