Took another look at the Wellspring Committee & Catholic Association 2014 990s:
WC - $650k CA donation
CA - $390k total revenue
Diff - $260k
Not a typo since total grants of $8.289m ties out to the WC's summary & statement of expenses....
.I caution anyone from jumping to a preferred conclusion re the discrepancy. In any event, it's unlikely we'll ever have an explanation since the Corkerys & T. Raymond Conlon aren't going to take my calls....
...Rooting around the Wellspring Committee 990s, I'm coming up w more questions. In '16, WC spent $1.35 million on "public relations". No website, no events - just a handful of donors at most....
...If you only have two employees making a total of $195k, the salary of at least one of them should be disclosed as either a key or highest paid employee but the Wellspring Committee didn't do that in '16....
...What @RobertMaguire_ didn't know in May '18 is Wellspring Committee paid BH Group another $919k in '17 for "consulting". That's $1.7m over two years WC paid BH for what exactly?
opensecrets.org/news/2018/05/m…
...Exactly $1m was donated to the Trump IC by BH Group, LLC which was the cost of Leonard Leo's WH access. How much of the balance of $700k went to grease other wheels or went into Leo's pocket, I don't know....
...Also in '16, the Catholic Association, funded by the Wellspring Committee, paid a $120k consulting fee to Leonard Leo. What advice he had to offer worth $120k to fund $250k in grants, I don't know....
...The BH Group LLC address, 1655 N Fort Meyer Dr, Ste 700, Arlington VA, is a virtual office. My guess is the BH Group is comprised of Leonard Leo & maybe the Corkerys

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More from @mrspanstreppon

31 Jul
Wellspring Committee's $500k donation to People United For Privacy in '18 is a good example of how the dark money crowd operates. WC's sole officer/director was Neil Corkery & it was terminated at year end.... Image
...People United For Privacy's tax exempt status was effective Oct '17. In '18, Wellspring Committee was its only donor. PUP president is Tony Woodlief who is also an executive vice president w the State Policy Network... ImageImageImage
...T. Raymond Conlon didn't prepare the People United For Privacy 990s but he may well have, given the substandard reporting by Marcum LLP, a DC CPA firm... Image
Read 9 tweets
30 Jul
....There's something off w the America's Turning Point 2020 990...
...I'm not in any way, shape or form suggesting Charlie Kirk knew anything about a former TPUSA events coordinator & member of child pornography rings in AZ & DC who was arrested on Nov 12 '20...
Read 5 tweets
30 Jul
Italygate! I shared everything I know about Italygate in a series of threads recently which I will retweet forthwith...
nytimes.com/2021/07/30/us/…
...First off, let's start off w the fact Trump Chief of Staff Mark Meadows had half a million reasons to promote voter fraud conspiracy theories...
...This thread has lots of info re the origin of Italygate, promoted by retired CIA agent, Bradley C Johnson whose not-for-profit board includes an assistant FL district attorney in Miami...
Read 5 tweets
29 Jul
Reviewed the 990s filed by the Wellspring Committee & noticed it donated a total of $3m to the Catholic Association. In '14, the WC donated $650k but the CA only reported $390k in contributions. $260k appears to be unaccounted for....
...The '14 Wellspring Committee 990 was signed by Ann Corkery & prepared by T. Raymond Conlon. The '14 Catholic Association 990 was signed by Ann Corkery's husband, Neil, & prepared by T. Raymond Conlon...
...The Catholic Association was registered in '07 & the 990 signed & prepared by Neil Corkery, treasurer. It then filed 990-N e-postcard returns for '08, '09, '10 & '11...
Read 7 tweets
28 Jul
Was thinking of Neil Corkery's now defunct Wellspring Committee. Took another look at the 990s & was annoyed the CPA who prepared them, T. Raymond Conlon, intentionally omitted Schedule A which shows revenue by year...
Wellspring Committee revenue by year:
08 $10m
09 $350k
10 $13m
11 $661k
12 $2m
13 $4m
14 $8m
15 $9m
16 $32m
17 $17m
18 $2m
Tot $98m
...John Klink was a Wellspring Committee director from '08 to '11 but omitted his WC stint on his LinkedIn profile... Image
Read 5 tweets
26 Jul
Long suspected two stories Tom Barrack has told about his relationship w Trump are not entirely accurate. The first has to do w Colony Capital's loan to Kushner Cos & the second has to do w Trump DC..
...As Barrack tells it, Colony Capital was part of the consortium involved in restructuring Kushner Cos' 666 Fifth Ave debt in late '11. Based on SEC filings, I think CC gave an assist to the Kushners in March '10. Colony Capital 09 & '11 10-K notes.... ImageImage
...Colony Capital continued to include the debt in its 10-K up until '13. Assume it was eventually written off but I have no way of knowing. Point is it looks like Jared Kushner needed cash in a hurry when he married Ivanka in Oct '09...
Read 6 tweets

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