Dread Pirate #BrettKimberlin Sells DVDs

Among the information sought from TDPK in the discovery process of the Virginia Walker v. Kimberlin, et al. civil suit are the financial records of his 501(c)(3), Justice Through Music Project, and his 501(c)(4), Velvet Revolution US.

TDPK asserted that he is immune from discovery, citing the Fifth Amendment among other reasons. Judge Potter’s response boils down to No, now get on with answering the questions put to you and produce the documents called for.

What is it about JTMP’s books, for instance, that TDPK wants to keep hidden? Does he have some trade secret for raising money for his “charities”? Or could it be that he really has a reasonable apprehension of criminal liability based on what those records would reveal?

Consider this: The IRS Form 990s filed by JTMP for 2005 through 2008 show revenue of $1,364,443 and total expenditures of $610,460 for “Printing and publication.” The JTMP website says that they produce DVDs and that they give ten away for each one that they sell.

However, none of the Form 990s for 2005 through 2008 show any income for the sale of DVDs or anything else. Neither does the Form 990 for 2010. Where are the records of the sales?

For that matter, are there any records to audit? JTMP has chronically asked for extensions of time to file with the IRS because “Taxpayer needs more time to gather records.” Really? Is the operation that lax? After all, the Executive Director is a lawyer and the returns have been prepared by an accountant.

We will see if TDPK complies with the judge’s order to hand over the relevant financial records for JTMP. If he does, the results of a forensic audit might be quite intriguing.

Stay tuned.

Tick, tock, tick, tock, …

3 thoughts on “Dread Pirate #BrettKimberlin Sells DVDs

  1. I noticed that the bulk of all funds seems to be for Printing and Publication. I was not aware of the sale of DVDs however. I simply thought it strange that all they seemed to do was hand out some sort of literature, or banners, or some such and that they claimed this is where nearly all monies had gone too.

    Where did the profits go to for the sale of DVD’s and videos? There does not seem to be any unaccounted for money on the tax returns provided in previous postings. Mighty strange indeed.

  2. Back in May, I looked at the 990s (see here: http://ameryx.wordpress.com/2012/05/26/jtmp-reported-address/ among others) and was curious as to the recipient of the monies paid out for rent, maintenance, and utilities. The only addresses listed are residential, and belong to Jeffrey Cohen (one address) and Carolyn Kimberlin (the other address). The amounts paid fluctuate wildly, both in dollars and in percent of revenue.

    Note also that the 990s assert that the financials have been reviewed by the “governing body” of JTMP, then list no members for the governing body. So, who reviewed the statements?

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