Black Lives Matter ‘delinquent’ on monetary disclosures, dangers tax-exempt standing, California AG warns: report

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The California legal professional common is warning Black Lives Matter World Community that the state could revoke its tax-exempt standing and cost late charges to the group’s leaders if they do not present monetary data to the state.

The Washington Examiner obtained a letter from Legal professional Common Rob Bonta warning that “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).” for the 2020 tax yr.

“An organization that is delinquent, suspended or revoked is not in good standing and is prohibited from engaging in conduct for which registration is required, including soliciting or disbursing charitable funds,” the letter revealed by the Washington Examiner continued.

California Attorney General Rob Bonta speaks at a news conference in Sacramento, Calif., Tuesday, Aug. 17, 2021. Bonta sent a letter to Black Lives Matter Global Network warning the group it is at risk of losing its tax-exempt status, according to a report. (AP Photo/Rich Pedroncelli, File)

California Legal professional Common Rob Bonta speaks at a information convention in Sacramento, Calif., Tuesday, Aug. 17, 2021. Bonta despatched a letter to Black Lives Matter World Community warning the group it’s liable to dropping its tax-exempt standing, in line with a report. (AP Picture/Wealthy Pedroncelli, File)
((AP Picture/Wealthy Pedroncelli, File)

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The letter was dated Jan. 31, 2022, and revealed by the Examiner Tuesday. It mentioned the group might get again in good standing with The Registry of Charitable Trusts by paying a renewal charge and handing over its IRS 990 kind detailing its monetary actions, together with an identical state-issued renewal report. 

Neither Black Lives Matter nor the California Division of Justice instantly responded to requests for remark from Each day Submit. 

On the finish of 2020, Black Lives Matter mentioned in an impression report that it raised $90 million, spent $8.4 million in working bills, distributed $21.7 million in grants to 33 different organizations, and closed the yr with a $60 million steadiness. 

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The group’s 2019 IRS 990 report, which was filed in Oct. 2020, confirmed no income, bills, or belongings in any way earlier than 2020 started. That is doubtless as a result of, because the Washington Examiner reported, Black Lives Matter was not formally registered as a charity with the IRS till late 2020, and earlier than that it funneled donations by different liberal charities. 

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No report 990 report is accessible on the IRS web site for Black Lives Matter within the 2020 tax yr, although it usually takes a yr or extra after the tip of a yr for such reviews to turn into publicly obtainable. It’s not clear whether or not Black Lives Matter didn’t file 990 kind with the IRS or if it merely uncared for to offer a duplicate to California, because the state’s regulation requires.  

The letter from Bonta, revealed by the Examiner, warned that if Black Lives Matter doesn’t treatment its data with the state, that particular person leaders will probably be held “personally liable for payment of all late fees” for “each month or partial month for which the reports are delinquent.” 

“Charitable assets cannot be used to pay these avoidable costs,” the letter revealed by the Examiner continued. “Accordingly, 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.”

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Nevertheless it’s not clear who can be answerable for these charges, as its founder Patrisse Cullors stepped down final yr and the folks she appointed to succeed her by no means came to an agreement on taking the job. 

In keeping with the right-leaning charity watchdog Influence Watch, it’s not clear who leads Black Lives Matter World Community. 

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