BLM facing financial questions.

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No one appears to have been in charge at Black Lives Matter for months. The address it lists on tax forms is wrong, and the charity's two board members won't say who controls its $60 million bankroll, a Washington Examiner investigation has found.

BLM's shocking lack of transparency surrounding its finances and operations raises major legal and ethical red flags, multiple charity experts told the Washington Examiner.

"Like a giant ghost ship full of treasure drifting in the night with no captain, no discernible crew, and no clear direction," CharityWatch Executive Director Laurie Styron said of BLM.

BLACK LIVES MATTER FOUNDATION RAISED MORE THAN $90M IN 2020

BLM co-founder Patrisse Cullors appointed two activists to serve as the group's senior directors following her resignation in May amid scrutiny over her personal finances. But both quietly announced in September that they never took the jobs due to disagreements with BLM. They told the Washington Examiner they don't know who now leads the nation's most influential social justice organization.

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BLM previously came under fire from local black activists after the New York Post reported in April that Cullors, then its executive director, had spent $3.2 million on real estate across the United States. The reports followed BLM's disclosure in February 2021 that it closed out 2020 with $60 million in its bank accounts.

BLM denied allegations that Cullors spent BLM funds on her personal properties. However, BLM and other activist organizations under Cullors's control offered contracts to an art company led by the father of her only child, the Daily Caller reported.

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"Irrespective of where any person falls on the political spectrum or what their position is on any social justice issue, hopefully, we can all agree that tax-subsidized public charities have an ethical responsibility to be transparent with the public about how they are operating and how the donations they receive are being used," Styron said. "The amount of money involved here is not insignificant."

The California Department of Justice has threatened to hold the leaders of Black Lives Matter personally liable if they fail to fork over information about the charity's $60 million bankroll within the next 60 days, according to a letter obtained by the Washington Examiner.

The move came just days after a Washington Examiner investigation found that BLM has had no known leader in charge of its millions since its co-founder resigned in May and that the Los Angeles address it lists on its tax forms is wrong.

"The organization BLACK LIVES MATTER GLOBAL NETWORK FOUNDATION, INC. is delinquent with The Registry of Charitable Trusts for failing to submit required annual report(s)," reads the letter, dated Jan. 31.

BLM is also prohibited from "soliciting or disbursing charitable funds" in California until it submits its 2020 Form 990 and other financial records to the state, the California DOJ informed the charity Monday. The letter added that the Black Lives Matter Global Network Foundation, the legal entity that represents the national BLM movement, faces fines for "each month or partial month for which the report(s) are delinquent."

"Charitable assets cannot be used to pay these avoidable costs," the California DOJ warned BLM. "Accordingly, directors, trustees, officers and return preparers responsible for failure to timely file the above-described report(s) are personally liable for payment of all penalties, interest and other costs incurred to restore exempt status."

BLM FUNDRAISES IN WASHINGTON DESPITE ORDER TO 'IMMEDIATELY CEASE'

California's warning to BLM comes just weeks after Washington ordered the charity to "immediately cease" fundraising in the liberal state due to its lack of financial transparency. Despite the order, BLM continues to solicit and receive contributions from Washington residents.

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Local black activists publicly criticized the national BLM organization in late 2020 for its lack of financial transparency and for providing little to no funding to local BLM chapters across the country.

CharityWatch Executive Director Laurie Styron previously said BLM was "like a giant ghost ship full of treasure drifting in the night with no captain, no discernible crew, and no clear direction."

BLM was not a charity in its own right for much of 2020, a year in which it received a windfall of cash from big corporations and individual donors spurred by the police killing of George Floyd and the nationwide riots that followed. Rather, BLM spent most of the year essentially borrowing the charitable status of two other California-based charities, Thousand Currents and the Tides Foundation, which served as BLM's fiscal sponsors.

But the IRS granted BLM tax-exempt status in December 2020, enabling the group to operate as a charity independent of its former fiscal sponsors. And Thousand Currents reported in its most recent audited financial statements that it transferred $66.5 million directly into BLM's coffers in October 2020.

Black Lives Matter shut down all of its online fundraising streams late Wednesday afternoon, just days after California threatened to hold the charity's leaders personally liable over its lack of financial transparency.

The move comes less than a week after a Washington Examiner investigation found that BLM has had no known leader in charge of its $60 million bankroll since its co-founder resigned in May. California and Washington recently ordered BLM to cease all fundraising activities in their blue states due to the failure of the Black Lives Matter Global Network Foundation, the legal entity that represents the national BLM movement, to report information about its finances in 2020, the year it raised tens of millions amid the racial protests and riots that followed George Floyd's killing.

"We take these matters seriously and have taken immediate action," an unidentified spokesperson for the BLMGNF told the Washington Examiner. "We have immediately engaged compliance counsel to address any issues related to state fundraising compliance. In the interim, we have shut down online fundraising as we work quickly to ensure we are meeting all compliance requirements."