The national Black Lives Matter group may be sitting on a cash hoard significantly larger than previously disclosed, new records reviewed by the Washington Examiner suggest.

Black Lives Matter Global Network Foundation claimed in February 2021, it spent about a third of the $90 million it raised in 2020, leaving the group with $60 million under its control at the end of the year. Previously unreported IRS records suggest that BLM, through its fiscal sponsors, raised nearly $79 million from the small-dollar Democratic fundraising platform ActBlue in 2020 and another $13 million through ActBlue in 2021, figures that likely don’t represent the flood of corporate donations that poured into BLM’s coffers during the nationwide unrest that followed George Floyd’s killing.

“It appears that millions of dollars in donations to BLMGNF are unaccounted for,” said Paul Kamenar, the legal counsel for the National Legal and Policy Center, a conservative watchdog group. “Corporations and Foundations usually make their charitable contributions directly to the charity rather than through an intermediary such as ActBlue, which takes a percentage of the gift as a processing fee and is used for small-dollar donations from individuals.