The Black Lives Matter Global Network Foundation ended the financial year with a deficit of $8,559,748 while still paying companies owned by people close to the organization millions, a number that represents a staggering decline from the $42 million it banked last year after expenses, The New York Post reported Wednesday.
Tax documents posted online show the group raked in about $8.5 million, but spent roughly $17 million on expenses. A large chunk of the money was spent making payments to companies owned by individuals close to the group, including $1.69 million "for management and consulting services" paid to a company owned by Shalomyah Bowers, who replaced embattled former leader Patrisse Cullors amid financial scandals of her own.