The TKPOTD for six years ago today dealt with the 2015 IRS Form 990 for Velvet Revolution US.
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I’ve had several readers ask me when I’ll be publishing the 2015 Form 990 for VelvetRevolution.US. The answer is probably never. VRUS’s income has been so low for so long that it probably now e-files a Form 990-N. The last paper 990 showed that the not-for-profit had assets of $8.
Given the piddling level of web traffic to the VRUS website, one wonders if its DONATE button generates enough cash flow to make the site worth keeping.
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It turns out that I was wrong. VRUS did file a 990 for 2015 which the IRS eventually posted at irs dot gov. It showed VRUS had net negative assets of ($4.492). The sole transaction reported was a $4,500 loan from Brett Kimberlin.
(Kimberlin has claimed in court filings that his only income is the $19,500/year he pays himself from Justice Through Music Project and rather minimal Social Security retirement income. He was not old enough to be receiving Social Security in 2015. It seems odd that he would have nearly four months take home pay available to lend.)
Since 2015, the entity formerly known as VRUS (now Protect Our Elections/EMPR Inc) has not filed any Form 990s, and the IRS has revoked it’s 501(c)(4) tax exemption. I have not found any evidence that the entity has filed any state or federal tax returns on income received since 2015, and it falsely claims to have both 501(c)(3) and 501(c)(4) status on it’s website’s Donation page.