A social justice nonprofit chaired by Black Lives Matter co-founder Patrisse Cullors has moved to work in other states to avoid filing the necessary financial statements in California. I am.
Colors nonprofit Dignity and Power Now was warned in March by the Attorney General’s Office in California that it did not submit all the necessary financial statements for 2019. According to state records, Dignity and Power Now is currently delinquent in California. ..
“A delinquent organization cannot engage in activities that require registration, such as soliciting or paying for charitable assets,” read a previous warning sent by the California Charitable Trust Registry to Colors nonprofits. I will. This was first reported by the Daily Signal.
However, nonprofits remain delinquent, and records show that the organization continues to operate as it continues to avoid the necessary financial forms. Just weeks after receiving the latest warning, Dignity and Power Now submitted a Certificate Authority application to the Secretary of State of North Carolina on April 1 to do business in the state. Colors is listed as an officer in the document.
“Non-profit organizations are required by the IRS and state regulators to disclose important financial information as a condition of their tax exemption status,” said Peter Flaherty, chairman of the National Legal and Policy Center. “It’s important for donation groups to submit accurately and on time.”
Dignity and Power Now, formed in 2012, was unable to submit the audited financial statements to accompany the Group’s 2019 tax returns, which do not contain the required signatures of officers. Audited financial statements are conducted by independent outside parties to prove the accuracy of all financial information displayed on the Group’s tax returns. Dignity and Power Now did not respond to a request for comment.
“If nonprofits engaged in advocacy are supported by a small number of wealthy individuals and large corporations, disclosure is even more important and the general public should make their own decisions as to whether there is a hidden agenda. You can, “says Fraherty. “When it comes to state-level regulation of charities, delinquency and problem submissions in one state can undoubtedly affect the position of nonprofits in other states.”
Cullors’ nonprofits haven’t identified donors in their disclosed tax returns, but the Washington Free Beacon said that between 2017 and 2020, Dignity and PowerNow co-founder of Facebook, Dustin Moskovitz He reported receiving $ 2.8 million from a charity vehicle. Moskovitz also provided more than $ 2.3 million to Reform LA Prison, another group founded by Colors. Reform LA Prison paid more than $ 20,000 a month to Colors consulting firms Janaya and Patrice Consulting because she chaired them, Daily Caller reported.
Moskovitz and his wife, Karitsuna, were enthusiastic financial supporters of the left-wing social justice group. According to Federal Election Commission records, Tuna has funded Black Lives Matter activist Shaun King’s Real Justice PAC and paid a Colors consulting firm $ 78,000 for management and strategic services.
Moskovtis’ donations came to the fore after Facebook recently moved to censor critical stories about Colors’ $ 3.2 million real estate purchase turmoil, including a BLM leader scooping up four homes. According to the New York Post, Colors also turned to real estate in luxury resorts owned by Justin Timberlake and Tiger Woods in the Bahamas.
It’s unclear where all of Colors’ cash comes from, but last year a self-proclaimed Marxist signed a Warner Brothers television production deal to “speak black with streaming services and traditional television channels.”
Click here to get the Fox News app
Dignity and Power Now did not report payment directly to Colors on the rejected tax return. She claims that the BLM Global Network Foundation, a major non-profit organization of the BLM Network, does not pay her. The nonprofit said it had raised $ 90 million in 2020.
However, the BLM Global Network Foundation is financially backed by Thousand Current and does not require you to file a tax return with detailed cash flows. All of the Colors payments reported so far were sent to her consulting firm, not directly to her in the form of salary.
The BLM Global Network Foundation did not respond to requests for comment on whether it paid the consulting firm.
BLM co-founder nonprofits are now operating in other states to avoid submitting financial statements
Source link BLM co-founder nonprofits are now operating in other states to avoid submitting financial statements