Sunday, August 21, 2022

Yeah. There needs to be a watchdog, otherwise say good-bye to democracy in the USA.

There really is no oversight to these outfits.

August 22, 2022
By Casey Tolan, Curt Devine and Drew Griffin

A new group (click here) led by a prominent conservative lawyer has received $1.6 billion from one donor – the largest single contribution to a politically focused nonprofit that’s ever been made public, and a fortune that could be used to fuel right-wing interests.

The nonprofit, Marble Freedom Trust, received the contribution in the form of stock and then funneled more than $200 million to other conservative organizations last year, a tax form CNN obtained from the IRS shows.

Marble Freedom is led by Leonard Leo, the co-chairman of the conservative Federalist Society, who advised former President Donald Trump on his Supreme Court picks and runs a sprawling network of other right-wing nonprofits that don’t disclose their donors, which are often referred to as dark money groups....

Ready?

Here is another one operating as a non-profit when it is actually a political non-profit.

The Federalist Society for Law and Public Policy Studies (click here) is a 501(c)(3) organization, with an IRS ruling year of 1983, and donations are tax-deductible

The Federalist Society of Law and Public Policy Studies is a political arm of the Federalist Society. The Federalist Society has a lot of these policy groups. No different than Steven Laws has four political dark money PACS, each one of the Federalist Society arms can act as a fund raising autonomously from the parent organization.

Compensates Board - This Federalist Society group spends 93.44 percent on it's governance. Never thought a non-profit of any kind should have highly compensated members of its Board of Directors. Expenses to get to meetings and hotels for when meetings run long, but, expense funds while addressing their responsibilities. But, this? Unethical to say the least.
The IRS requires that any compensation paid to members of the charity's governing body be listed on the Form 990. Furthermore, all members of the governing body need to be listed whether or not they are compensated. It is not unusual for some members of the board to have compensation listed. The executive director of the organization frequently has a seat on the board, for instance, and is compensated for being a full time staff member. However, it is rare for a charity to compensate individuals only for serving on its Board of Directors. Although this sort of board compensation is not illegal, it is not considered a best practice.