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FIRST and foremost, every (crooked and lying) dog has its day. Never forget that. As such, Arabella Advisors, founded by Eric Kessler in 2005, is no exception. But time is of the essence.
AS it happens, it wasn’t until a few months ago that Capital Research Center, America’s leading Investigative Think Tank, nailed Arabella’s hide to the wall, in a manner of speaking.
Arabella - Leftist-bent - Honesty - Factor - Starts
AND while Arabella is forthcoming about its leftist-bent, that’s where their honesty factor starts and stops. Transparency, what the **** is that??
Arabella Advisors manages four nonprofits that serve as incubators and accelerators for a range of other left-of-center nonprofits. These include the New Venture Fund, the Sixteen Thirty Fund, the Hopewell Fund, and the Windward Fund. These nonprofits have collectively hosted hundreds of left-wing policy and advocacy organizations, and between 2013 and 2017 reported combined revenues exceeding $1.6 billion.   Many of Arabella’s top officials, including firm founder Eric Kessler, are principal officers on the nonprofits’ boards of directors.
Indicting - Arabella - In-house - Nonprofits - Boards
MOST indicting, Arabella operates (at least) four in-house nonprofits with interlocking boards. Say whaaat?? After all, a top no-no, an inviolate transgression of IRS nonprofit regs, is a mandate called “inter-related“ parties – whereby a relationship between one entity and a related party dare not piggy-back one another, neither via appointing the same board members, nor through various intersecting activities and exchanges of this and that. So, shouldn’t “dark money“/funneling/laundering from cross-over entities disqualify this one and that one from tax-exempt non-profit status? Agreed?
WITH the above in mind and in furtherance of the same, this otherwise incestuous-like issue was duly dissected (March 2015) at a highly-trafficked commentary: “Muslim Brotherhood’s U.S. Non-Profit Tentacles Hiding In Plain Sight!” Mind you, since then, IRS rules and related regs haven’t changed.
IRS - Guidelines - Conflict - Interest - Structuring
It is important to understand IRS guidelines about conflict of interest when structuring...
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