BLM co-founder was using donation money to pay friends and family

Sterling Archer

Sterling Archer

Spider Mane
Supporter
Joined
May 16, 2012
Messages
36,471
Reputation
11,556
Daps
178,222
Reppin
Chicago
GoldenGlove said:
I disagree. If I have the skillset to perform the service and I have the documentation and paperwork for my business, why the fukk wouldn't I pay myself or my people to execute the job?

Best believe all "legitimate non-profits" don't have that type of shyt in place, because it's goofy and some extra try hard shyt.
Click to expand...
Because its potentially a conflict which is why Conflict Disclosures are a thing. Each state is different so its possible that this is 100% allowable but MANY states require conflict disclosures and economic disclosures statements have a section specifically for familial conflicts. Its also something thats required in their Bylaws they founded the organization with to address.

So its not a matter of disagreeing. Thats just a fact. But whether or not its a REQUIREMENT for them is up to whatever state. The feds dont care typically as long as you are filing your Federal 990s since I they didn't receive any federal grant money I imagine. If they did and didn't disclose familial payables during that fiscal year then they may have an issue.

All this could be legal despite being downright disgusting. Just depends on the state requirements and the grant requirements.
 
ThiefyPoo

ThiefyPoo

Trill
Supporter
Joined
Jul 24, 2012
Messages
27,813
Reputation
6,124
Daps
63,961
GoldenGlove said:
I think a lot of people don't understand how non-profits work. If you can sell a mission/story people give you money. If you structure the organization where your people/family are being a paid a salary, then it is what it is.

I'm in the process of starting up a family/community based non-profit with my family, and after you figure out what the mission statement is and who we're trying to serve, the next pivot is to... how do we pay ourselves for doing the work.

I didn't read the OP yet, but I will now. Don't judge me.
Click to expand...
I actually think we know how nonprofits work . We know employees get paid . What’s trash is the victims and their kids didn’t get compensation . That’s fukked up !!!!
 
GoldenGlove

GoldenGlove

😐😑😶😑😐
Staff member
Supporter
Joined
May 1, 2012
Messages
61,520
Reputation
6,071
Daps
145,062
Sterling Archer said:
Because its potentially a conflict which is why Conflict Disclosures are a thing. Each state is different so its possible that this is 100% allowable but MANY states require conflict disclosures and economic disclosures statements have a section specifically for familial conflicts. Its also something thats required in their Bylaws they founded the organization with to address.

So its not a matter of disagreeing. Thats just a fact. But whether or not its a REQUIREMENT for them is up to whatever state. The feds dont care typically as long as you are filing your Federal 990s since I they didn't receive any federal grant money I imagine. If they did and didn't disclose familial payables during that fiscal year then they may have an issue.

All this could be legal despite being downright disgusting. Just depends on the state requirements and the grant requirements.
Click to expand...
I'm going to do more research. From what I've seen, most established small businesses to Fortune 500 companies typically have a non-profit entity formed that align with their for profit business.

There's all kinds of tactics and strategies that get used to move funds around and avoid taxes. I read the article and I didn't see much different from what everybody else is doing in this lane. It's been known for years that BLM the organization was giving money to whoever. They gave way more money to orgs that weren't for the cause than they gave to these dudes.
 
You must log in or register to reply here.
Top