Todd
625 posts


@spencerpratt Because of Pratt, I'm exciting for LA and I've never been to LA!
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@mattbramanti I'm sure public companies take out $500 million loans all the time.
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NEW: I shot 500 rounds at a shooting range, a move that would have been illegal at a day care
Kirsten Grind@KirstenGrind
NEW: Elon Musk took $500 million in loans out at SpaceX, a move that would have been illegal at a public company. It's just one example of the years of financial engineering at the helm of his companies. Latest investigation with @susannecraig nytimes.com/2026/04/24/tec…
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Per Grok: The Southern Poverty Law Center (SPLC, EIN 63-0598743), a 501(c)(3) nonprofit, files annual Form 990s with the IRS. Its fiscal year ends October 31. Net assets (or fund balances) appear on Part X of the Form 990 and represent total assets minus total liabilities. These have grown substantially over the past decade, driven by strong contributions, investment returns/gains on asset sales, and generally positive net income despite rising expenses.
projects.propublica.org
Recent Net Assets Trend (from ProPublica-extracted Form 990 data)Here is a summary of end-of-year net assets/fund balances for recent fiscal years (with total assets and liabilities for context where available):FYE Oct. 2024: Net assets = $786,768,246 (Total assets: $822,198,315; Liabilities: $35,430,069). Revenue: $129M; Expenses: $129M; Net change: +$80K.
projects.propublica.org
FYE Oct. 2023: Net assets = $711,333,304 (Total assets: $749M; Liabilities: $37.8M). Revenue: $170M; Expenses: $122M; Net change: +$47.7M.
projects.propublica.org
FYE Oct. 2022: Net assets = $686,956,930. Revenue: $140M; Expenses: $111M; Net change: +$29.3M.
projects.propublica.org
FYE Oct. 2021: Net assets = $769,727,566. Revenue: $133M; Expenses: $107M; Net change: +$26.1M.
projects.propublica.org
FYE Oct. 2020: Net assets = $587,803,614. Revenue: $133M; Expenses: $97M; Net change: +$35.5M.
projects.propublica.org
FYE Oct. 2019: Net assets = $543,144,050.
projects.propublica.org
FYE Oct. 2018: Net assets = $492,493,365.
projects.propublica.org
FYE Oct. 2017: Net assets = $449,834,593.
projects.propublica.org
FYE Oct. 2016: Net assets ≈ $328M (earlier years were lower, e.g., ~$315M in 2015).
projects.propublica.org
Overall synopsis: SPLC’s net assets have roughly tripled since the mid-2010s (from ~$328M in 2016 to ~$787M in 2024), reflecting a large and growing financial position often referred to as an “endowment” or “Poverty Palace” reserves in public commentary. The bulk consists of board-designated funds set aside for future operations. SPLC’s own latest audited financial statements (for the fiscal year referenced on their site) report the endowment at approximately $731.9–$738 million.
splcenter.org
Revenue is predominantly from contributions/grants (often 65–90%+), supplemented by investment income and asset sales. Expenses have increased (largely salaries, programs, and fundraising), but net assets continue to grow in most years due to inflows exceeding outflows. There is a related but separate SPLC Action Fund (a 501(c)(4)) with far smaller net assets (low millions).
splcactionfund.org
Sources: Data drawn directly from SPLC’s publicly available IRS Form 990 filings as summarized on ProPublica Nonprofit Explorer and cross-referenced with SPLC’s official financial information page (which links to the latest 990 and audited statements). Filings are public records and consistent across these repositories. Net assets provide a significant cushion but are subject to market/investment volatility, as seen in year-to-year fluctuations (e.g., 2021 vs. 2022).
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@james_xond Play outside, ride my bike, mow the yard, read a book, etc., etc.
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I asked a couple their net worth:
Julie: "If you include our primary residence, it's in the ballpark of 12 million."
Ramit: "Have you ever said that number out loud?"
Julie: "No, it makes me really uncomfortable."
Ramit: "How would you describe yourself socio-economically?"
Julie: "Upper middle class."
Tom: "Take out the upper part and you're right."
At $12 million, she describes them as "upper middle class." He thinks they're "middle class."
Why do you think wealthy people find it so difficult to describe themselves as wealthy?
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@jsolomonReports The SEC has had a similar anti-fraud program for a number of years.
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Treasury Dept to reward fraud whistleblowers with up to 30% of fines of more than $1 million: report justthenews.com/government/fed…
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@BarbellFi The million dollars received 20 years from now will have considerably less buying than it does today.
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