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Why the hell does the Southern Poverty Law Center have $120M parked in offshore accounts?

Posted on 3/12/19 at 8:36 am
Posted by bamarep
Member since Nov 2013
51806 posts
Posted on 3/12/19 at 8:36 am
LINK

quote:

The Southern Poverty Law Center (SPLC), a far-left nonprofit known for its "hate group" designations, has surpassed a half billion dollars in total assets and now has $121 million parked offshore, according to the group's most recent financial statements. The SPLC, which is based in Montgomery, Ala., has not publicly posted its most recent financial statements on its website. However, the organization applied for renewal in the state of California days ago and submitted a number of documents pertaining to its financial standing including its most recent audited statement and tax forms for calendar year 2018, which covers Nov. 1, 2017 to Oct. 31, 2018.


quote:

According to the filings submitted to California's Office of Attorney General, the group reported total assets of $518 million from November 2017 to the Oct. 31, 2018, an increase of $41 million from the $477 million in total assets it reported on its previous year's tax forms. The SPLC's assets increased despite its total revenue falling by $15 million last year.



What in the ENTIRE frick is a "non-profit" doing parking money in Cayman Island accounts? Where do these bastards get their money from?

And frick Morris Dees.......
Posted by DelU249
Austria
Member since Dec 2010
77625 posts
Posted on 3/12/19 at 8:37 am to
(no message)
This post was edited on 5/26/23 at 4:14 pm
Posted by The Maj
Member since Sep 2016
27137 posts
Posted on 3/12/19 at 8:40 am to
quote:

parking money in Cayman Island accounts


Shite gets "lost" really easy...

quote:

Where do these bastards get their money from?


Stupid people and self-loathing white folk, sometimes one in the same...
Posted by GeeOH
Louisiana
Member since Dec 2013
13376 posts
Posted on 3/12/19 at 8:44 am to
Leavebit to our fuctard hivernment to allow a non profit to have offsgire accounts whike abusing our tax deduction laws.

That is a prime example of the lefts mindset
Posted by oogabooga68
Member since Nov 2018
27194 posts
Posted on 3/12/19 at 9:02 am to
SPLC is a hate group....

Fk them .....
Posted by 14&Counting
Eugene, OR
Member since Jul 2012
37635 posts
Posted on 3/12/19 at 9:05 am to
quote:

What in the ENTIRE frick is a "non-profit" doing parking money in Cayman Island accounts? Where do these bastards get their money from?


Because whatever investment fund they are in is domiciled in the Caymans as are thousands of others you dolt.
Posted by oleheat
Sportsman's Paradise
Member since Mar 2007
13456 posts
Posted on 3/12/19 at 9:08 am to
I would imagine for the same reasons some of the obviously high-living televangelists of note do.
Posted by spudz
Member since Mar 2015
440 posts
Posted on 3/12/19 at 9:10 am to
quote:

investment fund


I’m pleading ignorance here....

Why would a non-profit have an investment fund? I’m another dolt who doesn’t understand.
Posted by Lsupimp
Ersatz Amerika-97.6% phony & fake
Member since Nov 2003
78648 posts
Posted on 3/12/19 at 9:11 am to
They are just the equivalent of Virtue Signaling televangelism for Lefties. It’s a faith offering for Dees and his rat faced buddy to bilk Progressives into giving up their retirement checks to enter Prog Valhalla.

Posted by oleheat
Sportsman's Paradise
Member since Mar 2007
13456 posts
Posted on 3/12/19 at 9:12 am to
quote:

self-loathing white folk



These morons are a serious threat to the well-being of this country. And there are more of them than we'd care to acknowledge.

It's like a form of mass depression for which there is no medication. They will never make rational decisions.
Posted by Lsupimp
Ersatz Amerika-97.6% phony & fake
Member since Nov 2003
78648 posts
Posted on 3/12/19 at 9:24 am to
By the way, there is a very good chance that this thread gets this board deemed "a dangerous hate speech website". Like I'm not even kidding.
Posted by The Maj
Member since Sep 2016
27137 posts
Posted on 3/12/19 at 9:27 am to
quote:

"a dangerous hate speech website"


Badge of honor as far as I am concerned from that bunch of idiots...
Posted by TheHarahanian
Actually not Harahan as of 6/2023
Member since May 2017
19523 posts
Posted on 3/12/19 at 9:27 am to
If the Marxists that the SPLC represents get their way, the SPLC will look pretty smart for having their money outside of the U.S.

It's really like insider trading, and the SPLC is betting on themselves.
This post was edited on 3/12/19 at 9:30 am
Posted by TBoy
Kalamazoo
Member since Dec 2007
23716 posts
Posted on 3/12/19 at 9:45 am to
There's no legal or logical reason why a non-profit can't put its money wherever it wants. It isn't avoiding taxes, because it is a non-profit. Oftentimes the right wing propaganda machine doesn't even realize how absolutely stupid its fake attacks are.
Posted by oogabooga68
Member since Nov 2018
27194 posts
Posted on 3/12/19 at 9:48 am to
quote:

There's no legal or logical reason why a non-profit


People are getting rich off this "non-profit" hate group....

SPLC are complete garbage.
Posted by idlewatcher
County Jail
Member since Jan 2012
79150 posts
Posted on 3/12/19 at 9:50 am to
quote:

Why would a non-profit have an investment fund? I’m another dolt who doesn’t understand.


Helps to subsidize their operating costs.
Posted by goatmilker
Castle Anthrax
Member since Feb 2009
64355 posts
Posted on 3/12/19 at 9:51 am to
quote:

how absolutely stupid its fake attacks are.


Fake attacks? Sounds like they should launch real attacks if your going to attack. Just saying.
Posted by The Maj
Member since Sep 2016
27137 posts
Posted on 3/12/19 at 9:53 am to
quote:

There's no legal or logical reason why a non-profit can't put its money wherever it wants


Naw, it would not have anything to do with the improper distribution of funds and/or the conversion of funds to cloud the accounting...
Posted by TBoy
Kalamazoo
Member since Dec 2007
23716 posts
Posted on 3/12/19 at 9:56 am to
quote:

Naw, it would not have anything to do with the improper distribution of funds and/or the conversion of funds to cloud the accounting.


Another made up statement of whatever comes into the right wing mind.
Posted by The Maj
Member since Sep 2016
27137 posts
Posted on 3/12/19 at 9:56 am to
quote:

Another made up statement


Prove me wrong bitch...
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