After the New York Post revealed last year that co-founder Patrisse Khan-Cullors had purchased multiple homes, many people began to wonder how Black Lives Matter (BLM) manages its cash flow.
Even some Democrats are raising concerns, with the Washington Examiner reporting that the group’s internet funding has been blocked.
BLM received a demand for information from the California Department of Justice, which is led by Democratic state Attorney General Rob Bonta, less than a week ago.
The notice stated that BLACK LIVES MATTER GLOBAL NETWORK FOUNDATION, INC. is delinquent with The Registry of Charitable Trusts for failing to submit required annual report.
It then went on to list out actions the organization would need to do in order to recover its status on The Registry of Charitable Trusts.
This would entail paying a renewal fee as well as submitting an IRS 990 form and its state counterpart, both of which explain the organization’s financial activity.
Individual BLM officials will be individually accountable for all late costs for each month or partial month in which the reports are late, according to the letter.
A spokesperson for the Black Lives Matter Global Network Foundation said that they are taking this incident seriously and have taken necessary actions. They have also mentioned that they have shut down the online fundraising while trying to meet requirements.
