Financial disclosures obtained by The Washington Free Beacon have revealed that Black Lives Matter is headed for insolvency.
Black Lives Matter’s national organization is at risk of going bankrupt after its finances plunged $8.5 million into the red last year – while simultaneously handing multiple staff seven-figure salaries.
Financial disclosures obtained by The Washington Free Beacon show the perilous state of BLM’s Global Network Foundation, which officially emerged in November 2020, as a more formal way of structuring the civil rights movement.
Yet despite the financial controversy and scrutiny, BLM GNF continued to hire relatives of the founder, Patrisse Cullors, and several board members.
Cullors’ brother, Paul Cullors, set up two companies which were paid $1.6 million providing ‘professional security services’ for Black Lives Matter in 2022.
Paul Cullors was also one of BLM’s only two paid employees during the year, collecting a $126,000 salary as ‘head of security’ on top of his consulting fees. He is best known as a graffiti artist, with no background in security.
Patrisse Cullors defended hiring him, saying registered security firms which hired former police officers could not be trusted, given the movement’s opposition to police brutality.
For the previous year, 2021, tax filings revealed that BLM paid a company owned by Damon Turner, the father of Cullors’ child, nearly $970,000 to help ‘produce live events’ and provide other ‘creative services.’
Cullors resigned in May 2021.
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