Celebrating 30 years of helping you give wisely
America's most independent,
assertive charity watchdog

Black Lives Matter Global Network Foundation

CharityWatch report issued
March 2022

 
CharityWatch Grade
 

Contact Information

Black Lives Matter Global Network Foundation
3655 South Grande Avenue
Los Angeles, CA 90003

Other Names

BLMGNF

Tax Status

501(c)3

Stated Mission

To eradicate white supremacy and build local power to intervene in violence inflicted on black communities by the state and vigilantes.

View similar charities
Data based on Fiscal Year Ended 06/30/2020

*Why a Question Mark Rating?

CharityWatch currently has concerns about this organization and/or is unable to provide complete rating information due to the organization's nondisclosure of financial information. Please see the Analysts' Notes section for a more detailed explanation.


Governance & Transparency

CharityWatch evaluates certain criteria related to a charity's Governance and Transparency. Donors may want to consider a charity's willingness to be open and transparent with CharityWatch to be a good litmus test for determining its commitment to public accountability.
Black Lives Matter Global Network Foundation
does not meet governance benchmarks.
 
Black Lives Matter Global Network Foundation
does not meet transparency benchmarks.
Transparency
Provides Financial Information
Audit Accessibility
Governance: Policies
Reports regularly & consistently monitoring & enforcing compliance with a written Conflict of Interest Policy
Reports required, annual disclosure by officers, directors, and key staff of interests that could give rise to conflicts
Reports having a written Whistleblower Policy
Reports having a written Document Retention and Destruction Policy
Governance: Financials
Reports providing copy of tax form to all board members prior to filing it with IRS
Reports that financial statements were audited by an independent accountant
Governance: Board of Directors
Reports at least 5 voting board members
51% or more of voting board members reported as independent
Reports documenting minutes of board and board committee meetings
Privacy Policy
Privacy Policy

Unable to Provide Salaries

CharityWatch is unable to provide a range of Top Three Salaries for this charity for the above fiscal reporting year because we lack complete salary data for the organization. Except for officers, directors, and trustees, the IRS does not require breakouts of salaries totaling less than $100,000.

For example, XYZ charity would be required to provide a breakout in its tax form of compensation to its president of $55,000, but would not be required to provide a breakout of $99,000 in compensation to its top medical researcher if that person is not also an officer, director, or trustee of the organization.

This charity reports that compensation to its officers, directors, and trustees is under $100,000 per individual. Donors who would like to view limited salary data for this organization should refer to its tax form, which may be available on the charity's web site or from a number of third-party sources. See CharityWatch's Links page for information on obtaining copies of charity tax forms.


CharityWatch Analysts perform an in-depth analysis of charities' audited financial statements and IRS tax filings, and often review other documents such as state filings, annual reports, and fundraising contracts during their evaluations. Below are select notes that CharityWatch believes may be of interest to donors.

CharityWatch has issued a rating of "?" to Black Lives Matter Global Network Foundation (BLMGNF), which indicates that we have specific concerns about the organization's financial reporting. 

According to BLMGNF's IRS Form 990-EZ for the fiscal year ended 12/31/2019, BLMGNF raised $0 in contributions or other revenue and reported $0 in total expenses. As of 12/31/2019, BLMGNF reported having $0 assets, also according to its 2019 Form 990-EZ.

In October 2020, BLMGNF received a transfer in the amount of $66,490,000 from its former fiscal sponsor, Thousand Currents, according to the fiscal 2020 audited consolidated financial statements of that sponsor. CharityWatch contacted Black Lives Matter Global Network (BLMGN) on January 28, 2022 to request a copy of the fiscal 2020 audited financial statements and IRS Forms 990 of BLMGNF, as well as its related organization, Black Lives Matter Grassroots. As of March 9, 2022, we have not received a response. Two previous inquiries sent by CharityWatch in June 2020 to BLMGN about its organizational structure also went unanswered.

CharityWatch anticipated being able to assign a letter grade rating to BLMGNF in early 2022 by obtaining its IRS Form 990 and audited financial statements for the fiscal year ended 12/31/2020 from public sources (such as the IRS or state charity regulators). Unfortunately, this information was not available in any state or federal databases that we checked. BLMGNF's 2020 IRS Form 990-EZ filing was later provided to us by a private source on February 14, 2022, at which point we discovered that BLMGNF changed its fiscal year-end from December 31st to June 30th. Therefore, BLMGNF's 2020 IRS Form 990-EZ reporting is only for the six-month period of 01/01/2020 through 06/30/2020. For that six-month period, BLMGNF continues to report $0 for total revenue, total expenses, and net assets, respectively. 

Due to this change in fiscal year, the $66,490,000 transfer that BLMGNF received from its fiscal sponsor in October of 2020 was not reflected in its 2020 IRS Form 990-EZ. Any expenses the charity incurred between July 1, 2020 and 12/31/2020 were also not reflected in this document for this reason. 

According to a "Delinquency Notice and Warning of Assessment of Penalties and Late Fees, and Suspension or Revocation of Registered Status" (Delinquency Notice) posted on the State of California Department of Justice website earlier this year: "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). 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 distributing charitable funds..."

The Delinquency Notice warned BLMGNF that failure to file required reports may result in the suspension or revocation of its registration. It further warned that if required reports are not filed within 60 days of the date of the letter (January 31, 2022), the California Franchise Tax Board may disallow or revoke the organization's tax-exempt status and instead treat it as a taxable corporation, subjecting it to the minimum tax penalty. In addition, failure to file within the 60-day time limit will result in late fees being imposed, according to the Delinquency Notice, which further stated, "Directors, trustees, officers and return preparers responsible for failure to timely file these reports are also personally liable for payment of all late fees" (emphasis in original). 

The State of California Department of Justice website has since been updated to reflect Black Lives Matter Global Network Foundation's filing status as "Current-Awaiting Reporting." A "Renewal Filing" dated February 11, 2022 includes a copy of the charity's 2020 Form 990-EZ covering the 6-month period previously described. Meaning, this filing does not include any reporting on how the $66,490,000 was spent, or the names of the charity's current board of directors. A March 23, 2022 search on the charity's website for information detailing its current governing body produced no results. 

For more information about CharityWatch's concerns about Black Lives Matter Global Network Foundation, please read our article, "Concerns Raised Over $60 Million in Black Lives Matter Funds."


Related External Articles

Former BLM leader Patrisse Cullors denies misuse of funds
The AP Interview: BLM’s Patrisse Cullors denies wrongdoing
Meet the Black Lives Matter Global Network Foundation’s Growing Board of Directors
Black Lives Matter's $6M California house draws scrutiny
Opinion: Black Lives Matter needs to get its (real expensive) house in order
Secret $6 million home has allies and critics skeptical of BLM foundation's finances
Black Lives Matter Secretly Bought a $6 Million House Allies and critics alike have questioned where the organization’s money has gone.
BLM leader addresses reports about the purchase of $6M property
Yes, Black Lives Matter’s national nonprofit purchased a multimillion-dollar mansion
Black Lives Matter leaders condemn allegations of mismanaged funds
Black Lives Matter secretly used $6 million in donations to buy luxurious 6,500-square foot mansion with seven bedrooms and parking for 20 cars in Southern California in 2020 where leaders have filmed YouTube videos
Amazon suspends Black Lives Matter from its charity platform
BLM hires Clinton aide who paid for Steele dossier to sort shady finances
BLM accounting gimmick further delays disclosure of its $60M bankroll
Co-founder lashes out at critics as BLM faces legal threats from blue states
Black Lives Matter shuts down fundraising days after liberal states threatened legal action
The BLM Mystery Where did the money go?
BLM has $60M on hand — but who controls it is unclear, report shows
California threatens to hold BLM's leaders personally liable over missing financial records
Who controls Black Lives Matter's $60M war chest? Conservative watchdog demands audit
BLM's millions unaccounted for after leaders quietly jumped ship