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Another anti-hate group:The Southern Poverty Law Center

https://www.dailykos.com/stories/2012/8/27/1124823/-SPLC-238...
For the Southern Poverty Law Center, its executive director Morris Dees and the other honchos, pimping out the word poverty has proved quite profitable over the years. They had a total of $238 million in assets last year, enjoying so much wealth other nonprofits can only dream about. The enormous assets are shown on the first page of the tax return.

The last time I examined an IRS 990 for the Southern Poverty Law Center was in November 2010, and the big news back then was they disclosed that they opened an offshore bank account, in the tax haven Cayman Islands.

Their latest tax return on page 5 reveals SPLC has added to that account with another one in Bermuda. Federal tax law exempts SPLC and all nonprofits from having to publicly state how much is in the accounts in the two foreign countries.

The Center has ownership in several foreign corporations. However, the center's ownership percentage in these corporations does not rise to the level of reporting on the Form 5471.

I'm sure the SPLC leaders and their financial investment advisers opened the offshore accounts, and bought part ownership in several corporations and investment firms abroad, only to the degree that they can legally avoid being required to be fully transparent with additional details about the accounts and investments in other countries.

What I'm very curious to learn is how keeping hundreds of millions of U.S. dollars in assets, several offshore bank accounts and part ownership in foreign financial firms in any substantive way addresses poverty in America.


Seems to be gold in fearmongering of spreading US hate groups & incidents.
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