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It spent nearly $38 million, with about $26 million in grants going to other activist groups, Black Lives Matter chapters, and other social-justice causes. George Floyd had just been murdered in Minneapolis, and donors gave the nonprofit nearly $77 million during the fiscal year. The document that BLMGNF filed with the federal government, an IRS Form 990, breaks down financial activity between July 1, 2020, and June 30, 2021. Some things are indeed clearer - and others are not. Later, he added, “So folks, again, understand what this 990 is and that we are clearing up all of the misinformation and disinformation.” “And so, despite past efforts, what we also recognize is that there is still more work to do to increase transparency and ensure transitions in leadership are clear,” said Shalomyah Bowers, one of the board members.
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On the call, a recording of which I listened to, members of the board apologized for not being more transparent sooner and said they hoped the new disclosures would clear the bad air. Now the nonprofit was preparing to release the first official accounting of its finances at midnight. For months, BLMGNF had endured criticism that its finances were opaque and inequitable and that its lack of transparency was harming the movement for racial justice multiple states suspended its ability to solicit funds, and two launched formal investigations. In attendance were the three members of a newly installed board, representatives of groups from across America that had received grants from the organization, and other stakeholders. On Monday evening, the most prominent organization in the modern civil-rights movement, the Black Lives Matter Global Network Foundation, held a special meeting on Zoom.
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From left, D’Zhane Parker, Cicley Gay, and Shalomyah Bowers.