Did Turning Point USA Commit FRAUD?
16 November 2025
Since the murder of Charlie Kirk, there has been growing concern over potential financial mismanagement at Turning Point USA. I have been looking into this and have discovered some shocking information. We are going to explore the question, “Did Turning Point USA commit fraud?”
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Time Codes:
0:00 Charlie Kirk’s Memo
1:35 Tyler Bowyer
4:13 Missing 990 Forms
6:04 Missing $8.6 Million
10:16 Baker Tilly Audit
13:46 Warren Buffett Investigation
15:03 Transfer to PAC
Time Codes:
0:00 Charlie Kirk’s Memo
1:35 Tyler Bowyer
4:13 Missing 990 Forms
6:04 Missing $8.6 Million
10:16 Baker Tilly Audit
13:46 Warren Buffett Investigation
15:03 Transfer to PAC
Transcript:
Since the murder of Charlie Kirk,
there's been growing concern over
potential financial mismanagement at
TurningPoint USA.
I've been looking into this and have
discovered some shocking information.
We're going to explore the question, did
Turning Point USA commit fraud? I'm
Zach. I'm a certified public accountant
and you are watching Wolves Finance.
[Music]
In this video, I am very critical of
TurningPoint USA.
Let me start off by saying that I
believe this is a good organization and
I hope that they succeed, but they are
not going to be able to continue Charlie
Kirk's legacy if they are employing
people who are stealing donations. The
reason that people are concerned about
Turning Point USA's finances is because
statements made by Charlie Kirk himself.
This is a memo written by Charlie Kirk
on September 2nd, 2025. That is only 8
days before he was murdered. In this
memo, he promotes Justin Strife as the
new chief operating officer or COO and
announces a new Doge style audit. After
this memo was revealed, people obviously
wanted to know what were the results of
the Doge style audit. Why was Charlie
Kirk concerned with the finances of
Turning Point USA right before he was
murdered? Here's an exchange on X.com of
someone asking that question. Why was
Charlie about to audit the finances and
will it still be audited? This was
responded to by someone from
TurningPoint named Tyler Ber saying, "We
audit our finances every year. They were
just audited at the end of our fiscal
year in July." He then goes on to say,
"There is no scheming. Nonprofits have a
990 where everything is outfront. No one
owns anything and our salaries are
transparent. If you'd like a quick
course on nonprofits, here is a good
start." And then he links the
accounting.org website where they talk
about the form90.
Okay, number one, that response by Tyler
Buer is a little bit snarky. And I'm
just showing you one of his posts. There
are many posts like this and they are
all just as snarky.
I would like to ask Tyler Ber if he can
lower the snarkiness because it is a
very legitimate question. A Doge style
audit is not the same thing as the
annual financial audit and everybody
knows that Charlie Kirk wanted a second
independent audit on top of the annual
financial audit. According to Tyler
Ber's post, Turning Point is not going
forward with Charlie Kirk's wishes. They
have cancelled the audit. The question
is why? Why did they decide not to
follow through with Charlie Kirk's final
wish? What is also interesting is that
Tyler Ber is the person who was replaced
by Justin Strife in Charlie Kirk's memo.
Tyler Boyer was the former COO of
Turning Point USA from 2017.
And then 8 days before Charlie Kirk was
murdered, he appoints a new person as
COO. Tyler Boyer steps away so he can
focus more on his job as COO of their
other organization, Turning Point
Action.
Isn't that a strange coincidence? Tyler
Ber was removed from his position in the
same memo that Charlie Kirk announces a
financial audit. Then after that,
Charlie Kirk is murdered and Tyler Boyer
is on X.com saying that no audit is
necessary. So here's what I think we
should do. We should follow Tyler
Boyer's snarky advice. Let's go look at
the 990 forms that Turning Point USA
submits to the IRS every year.
These contain their annual financial
statements. When you look at the forms,
there are some very strange anomalies.
Several of the 990 forms are missing.
Turning Point USA lists four related
entities. There is Turning Point USA,
Turning Point Endowment, Turning Point
Action, and America's Turning Point. All
different organizations do slightly
different things. The form 9990 for
fiscal year 2024 is posted for Turning
Point USA, but it is missing for all the
other three organizations.
It looks like it was never turned in.
This is a massive red flag. So Tyler Ber
is being snarky on X.com and telling
people to go look at the annual
financial audit, but the financial audit
is missing from last year for three of
the four organizations.
Just to show you how strange this is, if
we go back 2 years to fiscal year 2023
where we have all the financial
statements, we can see that in fiscal
year 2023, all four statements were
filed on the same day on 515 2024.
That is what normally happens. On May
15th, Turning Point would file all four
financial statements for their
organizations. But for fiscal year 2024,
only one financial statement was filed
for Turning Point USA on 515 2025.
The other three are missing. This
strange decision to hide their financial
statements happened 4 months before
Charlie Kirk was murdered. I will repeat
for clarity.
Someone at Turning Point decided not to
file three of the four of their annual
financial statements four months before
Charlie Kirk appointed a new COO,
requested a new audit, and was murdered.
Those three financial statements are
still missing. Let me give you just one
example of why this is problematic.
Let us look at the one financial
statement we do have for fiscal year
2024 for Turning Point USA.
Schedule I shows grants and other
assistance to organizations,
governments, and individuals in the
United States.
This schedule shows you where Turning
Point is sending its money. We see that
a lot of money, $8,560,625,
is being sent to America's Turning
Point. They are sending it to their own
shell company. Now, this is not
necessarily illegal except for the fact
that the financial statement for the
other organization is missing. We cannot
see how this $8.6 million is being
spent. This is very important because
there are strange variances around this
money. I have pulled the last 5 years of
990 forms for Turning Point USA. Here is
a table with contributions compared with
the largest expense which are the grants
from schedule I. You can immediately see
a strange dip between 2022 and 2023.
This dip happens because in prior years
they were sending money to Turning Point
Endowment. They were transferring
millions of dollars. This stopped in
2021 and they started ramping up sending
money to America's Turning Point. Let's
break this down. First of all, I find it
really unethical that they were sending
millions of dollars to their own
endowment.
I know that a lot of nonprofits do this,
but I think it is unethical.
Do the donors know this is how Turning
Point is spending their money? Turning
Point USA is taking in donations and
then sending the money to their
endowment to invest in the stock market.
In my opinion, they should be spending
donations on operating their nonprofit,
not on buying investments. As of fiscal
year 2023, they had $61 million of
assets in the endowment, which was
generating $1.9 million a year of
investment income.
Personally, I think that's an unethical
way to run a nonprofit, but that's just
my opinion. But what is important here
is what happened to the missing $8.6 6
million. The amount sent to America's
Turning Point in fiscal year 2024. The
amount of money sent to America's
Turning Point was getting larger and
larger. And because the financial
statements are missing, we cannot tell
how this money was spent. If we look at
the prior year, the majority of the
money was spent on other salaries and
wages. How is this possible when
America's Turning Point reports zero
employees?
Does anyone else think that sounds a
little suspicious?
Let me walk you through this. We have
the two organizations, the main company,
Turning Point USA, and America's Turning
Point. America's Turning Point has never
reported any employees. Turning Point
USA's number of employees has decreased
dramatically over the last 3 years. In
the last year alone, the number of
employees decreased by 33%.
That is a massive decrease in workforce.
But while they are laying people off,
their salary expense is skyrocketing for
both organizations.
None of this makes any sense. How is
America's Turning Point reporting
millions of dollars of salary expense
when they have no employees? How is
Turning Point USA salary expense
skyrocketing when the number of
employees is plummeting?
And why are the financial statements
missing?
What was the $8.6 million spent on? In
my opinion, what I think is happening is
I think there are fake people on the
payroll. I think that paychecks are
getting sent to people who do not really
exist. And that would explain why we
have a company with zero employees with
millions of dollars of salary expense.
What about Tyler Boyer's argument that
they have an annual financial audit
every year? If what I am saying is true,
why wouldn't their annual audit catch
these issues?
The annual financial audit for Turning
Point USA, Inc. and its affiliates was
performed by an accounting firm called
Baker Tilly. In the notes, they
explained that they audited Turning
Point USA, Turning Point Action, Turning
Point Endowment, America's Turning
Point, and TPUSA merch. That usually
means they audited all the shell
companies when they provided their
opinion that the statements present
fairly in all material respects.
That means it is a clean audit with no
problems.
I wonder if Baker Tilly will provide an
explanation why they can issue a
flawless audit report when three 990
forms were never filed with the IRS.
And just to clarify, Baker Till's audit
opinion letter is signed after
TurningPoint missed the filing date with
the IRS. So there is no excuse for Baker
Tilly not to mention this in their audit
opinion. Just so you understand who
Baker Tilly is, let me show you a
lawsuit that was filed against them just
this year by a Catholic charity. In a
lawsuit filed Friday, Catholic Charities
claims they're out millions of dollars
after a former employee in their finance
department misused funds. And that's not
all. The local nonprofit is also going
after Baker Tilly, the firm that was
auditing their finances at the time.
Catholic Charities provides a number of
programs, including counseling,
adoption, and immigration services.
This 12-page lawsuit says the former
employee worked for Catholic Charities
for over 10 years, holding many
positions, including director of
finance. It says she abused her
authority and misappropriated millions
of dollars. The lawsuit claims she did
this in two schemes. The first alleges
paying false invoices. Catholic
Charities says the second scheme
involved a woman using company credit
cards for personal purchases like Amazon
Prime Video rentals, Uber rides, ticket
master purchases, and casino purchases
from MGM Grand. The lawsuit also states
that Baker Tilly failed to recognize
clearly fraudulent purchasing activity.
The lawsuit alleges that someone in
leadership at the highest levels of this
Catholic charity stole millions of
dollars. This was going on year after
year after year and Baker Tilly never
mentioned it in any of their audits.
It makes you wonder, are they even
looking at the financials?
This is the same accounting firm doing
the annual audits at Turning Point USA.
Erica Kirk assumed the role of CEO of
Turningpoint USA on September 18th,
2025, 8 days after Charlie Kirk was
murdered. She has been the CEO for
almost two months. She needs to answer
these questions.
If someone has lied on the 990 form,
people go to jail for that. I want some
explanation of why Turning Point USA
sent $8.6 million to their shell company
and then did not file financial
statements.
and Erica. I don't know who does the
accounting at Turning Point, but if they
have not been telling you about any of
this, you need to fire your accountants
immediately.
This reminds me of what happened with
Warren Buffett. Warren Buffett is one of
the most famous investors in the world,
but a lot of people do not know that he
got in big trouble with the SEC. This
happened a long time ago in the 1970s.
He had a rapidly growing organization
consisting of all these different shell
companies. The companies were
transferring money back and forth. The
companies would own stocks of all the
other companies.
The SEC opened an investigation into
Warren Buffett for fraud. He talks about
this in his biography.
He describes a scene where he is sitting
with his lawyer Chuck Rickershouser.
Rickershauser had been studying a chart
that showed Buffett and Munger's complex
financial interests. The complex
crossoldings that Buffett had created
looked suspicious.
Rickershauser stared at the crazy
diagram and fredded. There's got to be
an indictment in there somewhere. Now,
do I think that Warren Buffett
intentionally committed fraud? No, I do
not. I think his company grew really
fast and things got out of control with
all of these shell companies. He fixed
it by restructuring the company and
paying a $115,000 fine.
I think something very similar is
happening at Turning Point. And let me
give you a specific example. In fiscal
year 2023, TurningPoint USA, which is
the main 501c3 nonprofit organization,
transferred $664,572
to Turning Point Action, which is the
501c4 nonprofit.
This transfer was reported as
reimbursement of event expenses.
Turning Point Action then turned around
and transferred almost the exact same
amount, $650,000,
to Turning Point Pack, which is another
shell company I haven't even talked
about yet. Now, this is not necessarily
illegal, but it looks really suspicious.
It looks like you are taking in tax
exempt donations at TurningPoint USA and
then funneling the money through your
shell companies to your pack that you
can then spend on political campaigns
because of less accounting restrictions.
Again, this is not necessarily illegal
if they structure their transactions
correctly and utilize campaign finance
loopholes, but it certainly looks
unethical.
Why is it that almost the exact same
dollar amount gets transferred between
the organizations? The difference
between Warren Buffett and Turning
Point, besides the obvious fact of the
difference between private companies and
nonprofits, is that at Turning Point, we
have missing financial statements and a
memo from Charlie Kirk saying that he
has concerns with the finances.
The problem with having multiple shell
companies like this is that it becomes
very easy for your employees to steal
from the organization. Now, just to
clarify, for legal reasons, I do not
have any evidence of a specific crime.
We would need an FBI investigation of
the books at Turning Point USA to
determine that for sure. What I have
presented are red flags and a lot of
questions that need to be answered. This
is all based on financial evidence that
Turning Point themselves has posted
online. Anyone can go and confirm
everything I am saying.
All these problems suggest financial
mismanagement at Turning Point USA. And
from Charlie Kirk's memo, we know that
he did not understand what was going on.
If someone was able to keep this hidden
from Charlie Kirk, that suggests that
the people involved are at the highest
levels of Turning Point USA. I will
repeat because I know that a lot of
people do not want to believe this. The
financial statement suggests that
someone at the highest levels of Turning
Point USA is stealing the donations.
I don't understand why no one is looking
into this.
Erica Kirk has been the CEO for two
months and she needs to start answering
questions. I keep coming back to the
statement from Warren Buffett's lawyer
when he was looking at the diagram of
all the shell companies. He said there's
got to be an indictment in there
somewhere. Now, I want to hear from you.
With everything that I've explained, do
you think that Turning Point USA is
doing something shady? Let me know in
the comments down below. And if you like
this video, don't forget to hit that
subscribe button so you don't miss out
on future videos. If you want to support
independent journalism like this
channel, consider signing up for a
membership on my website, wolves
&finance.com.
For $6 a month, your support helps me to
keep making these videos. Thank you to
everyone who has signed up. I'm Zach
from Wolves & Finance. Thank you for
watching.
Heat.
[Music]
[Music]
there's been growing concern over
potential financial mismanagement at
TurningPoint USA.
I've been looking into this and have
discovered some shocking information.
We're going to explore the question, did
Turning Point USA commit fraud? I'm
Zach. I'm a certified public accountant
and you are watching Wolves Finance.
[Music]
In this video, I am very critical of
TurningPoint USA.
Let me start off by saying that I
believe this is a good organization and
I hope that they succeed, but they are
not going to be able to continue Charlie
Kirk's legacy if they are employing
people who are stealing donations. The
reason that people are concerned about
Turning Point USA's finances is because
statements made by Charlie Kirk himself.
This is a memo written by Charlie Kirk
on September 2nd, 2025. That is only 8
days before he was murdered. In this
memo, he promotes Justin Strife as the
new chief operating officer or COO and
announces a new Doge style audit. After
this memo was revealed, people obviously
wanted to know what were the results of
the Doge style audit. Why was Charlie
Kirk concerned with the finances of
Turning Point USA right before he was
murdered? Here's an exchange on X.com of
someone asking that question. Why was
Charlie about to audit the finances and
will it still be audited? This was
responded to by someone from
TurningPoint named Tyler Ber saying, "We
audit our finances every year. They were
just audited at the end of our fiscal
year in July." He then goes on to say,
"There is no scheming. Nonprofits have a
990 where everything is outfront. No one
owns anything and our salaries are
transparent. If you'd like a quick
course on nonprofits, here is a good
start." And then he links the
accounting.org website where they talk
about the form90.
Okay, number one, that response by Tyler
Buer is a little bit snarky. And I'm
just showing you one of his posts. There
are many posts like this and they are
all just as snarky.
I would like to ask Tyler Ber if he can
lower the snarkiness because it is a
very legitimate question. A Doge style
audit is not the same thing as the
annual financial audit and everybody
knows that Charlie Kirk wanted a second
independent audit on top of the annual
financial audit. According to Tyler
Ber's post, Turning Point is not going
forward with Charlie Kirk's wishes. They
have cancelled the audit. The question
is why? Why did they decide not to
follow through with Charlie Kirk's final
wish? What is also interesting is that
Tyler Ber is the person who was replaced
by Justin Strife in Charlie Kirk's memo.
Tyler Boyer was the former COO of
Turning Point USA from 2017.
And then 8 days before Charlie Kirk was
murdered, he appoints a new person as
COO. Tyler Boyer steps away so he can
focus more on his job as COO of their
other organization, Turning Point
Action.
Isn't that a strange coincidence? Tyler
Ber was removed from his position in the
same memo that Charlie Kirk announces a
financial audit. Then after that,
Charlie Kirk is murdered and Tyler Boyer
is on X.com saying that no audit is
necessary. So here's what I think we
should do. We should follow Tyler
Boyer's snarky advice. Let's go look at
the 990 forms that Turning Point USA
submits to the IRS every year.
These contain their annual financial
statements. When you look at the forms,
there are some very strange anomalies.
Several of the 990 forms are missing.
Turning Point USA lists four related
entities. There is Turning Point USA,
Turning Point Endowment, Turning Point
Action, and America's Turning Point. All
different organizations do slightly
different things. The form 9990 for
fiscal year 2024 is posted for Turning
Point USA, but it is missing for all the
other three organizations.
It looks like it was never turned in.
This is a massive red flag. So Tyler Ber
is being snarky on X.com and telling
people to go look at the annual
financial audit, but the financial audit
is missing from last year for three of
the four organizations.
Just to show you how strange this is, if
we go back 2 years to fiscal year 2023
where we have all the financial
statements, we can see that in fiscal
year 2023, all four statements were
filed on the same day on 515 2024.
That is what normally happens. On May
15th, Turning Point would file all four
financial statements for their
organizations. But for fiscal year 2024,
only one financial statement was filed
for Turning Point USA on 515 2025.
The other three are missing. This
strange decision to hide their financial
statements happened 4 months before
Charlie Kirk was murdered. I will repeat
for clarity.
Someone at Turning Point decided not to
file three of the four of their annual
financial statements four months before
Charlie Kirk appointed a new COO,
requested a new audit, and was murdered.
Those three financial statements are
still missing. Let me give you just one
example of why this is problematic.
Let us look at the one financial
statement we do have for fiscal year
2024 for Turning Point USA.
Schedule I shows grants and other
assistance to organizations,
governments, and individuals in the
United States.
This schedule shows you where Turning
Point is sending its money. We see that
a lot of money, $8,560,625,
is being sent to America's Turning
Point. They are sending it to their own
shell company. Now, this is not
necessarily illegal except for the fact
that the financial statement for the
other organization is missing. We cannot
see how this $8.6 million is being
spent. This is very important because
there are strange variances around this
money. I have pulled the last 5 years of
990 forms for Turning Point USA. Here is
a table with contributions compared with
the largest expense which are the grants
from schedule I. You can immediately see
a strange dip between 2022 and 2023.
This dip happens because in prior years
they were sending money to Turning Point
Endowment. They were transferring
millions of dollars. This stopped in
2021 and they started ramping up sending
money to America's Turning Point. Let's
break this down. First of all, I find it
really unethical that they were sending
millions of dollars to their own
endowment.
I know that a lot of nonprofits do this,
but I think it is unethical.
Do the donors know this is how Turning
Point is spending their money? Turning
Point USA is taking in donations and
then sending the money to their
endowment to invest in the stock market.
In my opinion, they should be spending
donations on operating their nonprofit,
not on buying investments. As of fiscal
year 2023, they had $61 million of
assets in the endowment, which was
generating $1.9 million a year of
investment income.
Personally, I think that's an unethical
way to run a nonprofit, but that's just
my opinion. But what is important here
is what happened to the missing $8.6 6
million. The amount sent to America's
Turning Point in fiscal year 2024. The
amount of money sent to America's
Turning Point was getting larger and
larger. And because the financial
statements are missing, we cannot tell
how this money was spent. If we look at
the prior year, the majority of the
money was spent on other salaries and
wages. How is this possible when
America's Turning Point reports zero
employees?
Does anyone else think that sounds a
little suspicious?
Let me walk you through this. We have
the two organizations, the main company,
Turning Point USA, and America's Turning
Point. America's Turning Point has never
reported any employees. Turning Point
USA's number of employees has decreased
dramatically over the last 3 years. In
the last year alone, the number of
employees decreased by 33%.
That is a massive decrease in workforce.
But while they are laying people off,
their salary expense is skyrocketing for
both organizations.
None of this makes any sense. How is
America's Turning Point reporting
millions of dollars of salary expense
when they have no employees? How is
Turning Point USA salary expense
skyrocketing when the number of
employees is plummeting?
And why are the financial statements
missing?
What was the $8.6 million spent on? In
my opinion, what I think is happening is
I think there are fake people on the
payroll. I think that paychecks are
getting sent to people who do not really
exist. And that would explain why we
have a company with zero employees with
millions of dollars of salary expense.
What about Tyler Boyer's argument that
they have an annual financial audit
every year? If what I am saying is true,
why wouldn't their annual audit catch
these issues?
The annual financial audit for Turning
Point USA, Inc. and its affiliates was
performed by an accounting firm called
Baker Tilly. In the notes, they
explained that they audited Turning
Point USA, Turning Point Action, Turning
Point Endowment, America's Turning
Point, and TPUSA merch. That usually
means they audited all the shell
companies when they provided their
opinion that the statements present
fairly in all material respects.
That means it is a clean audit with no
problems.
I wonder if Baker Tilly will provide an
explanation why they can issue a
flawless audit report when three 990
forms were never filed with the IRS.
And just to clarify, Baker Till's audit
opinion letter is signed after
TurningPoint missed the filing date with
the IRS. So there is no excuse for Baker
Tilly not to mention this in their audit
opinion. Just so you understand who
Baker Tilly is, let me show you a
lawsuit that was filed against them just
this year by a Catholic charity. In a
lawsuit filed Friday, Catholic Charities
claims they're out millions of dollars
after a former employee in their finance
department misused funds. And that's not
all. The local nonprofit is also going
after Baker Tilly, the firm that was
auditing their finances at the time.
Catholic Charities provides a number of
programs, including counseling,
adoption, and immigration services.
This 12-page lawsuit says the former
employee worked for Catholic Charities
for over 10 years, holding many
positions, including director of
finance. It says she abused her
authority and misappropriated millions
of dollars. The lawsuit claims she did
this in two schemes. The first alleges
paying false invoices. Catholic
Charities says the second scheme
involved a woman using company credit
cards for personal purchases like Amazon
Prime Video rentals, Uber rides, ticket
master purchases, and casino purchases
from MGM Grand. The lawsuit also states
that Baker Tilly failed to recognize
clearly fraudulent purchasing activity.
The lawsuit alleges that someone in
leadership at the highest levels of this
Catholic charity stole millions of
dollars. This was going on year after
year after year and Baker Tilly never
mentioned it in any of their audits.
It makes you wonder, are they even
looking at the financials?
This is the same accounting firm doing
the annual audits at Turning Point USA.
Erica Kirk assumed the role of CEO of
Turningpoint USA on September 18th,
2025, 8 days after Charlie Kirk was
murdered. She has been the CEO for
almost two months. She needs to answer
these questions.
If someone has lied on the 990 form,
people go to jail for that. I want some
explanation of why Turning Point USA
sent $8.6 million to their shell company
and then did not file financial
statements.
and Erica. I don't know who does the
accounting at Turning Point, but if they
have not been telling you about any of
this, you need to fire your accountants
immediately.
This reminds me of what happened with
Warren Buffett. Warren Buffett is one of
the most famous investors in the world,
but a lot of people do not know that he
got in big trouble with the SEC. This
happened a long time ago in the 1970s.
He had a rapidly growing organization
consisting of all these different shell
companies. The companies were
transferring money back and forth. The
companies would own stocks of all the
other companies.
The SEC opened an investigation into
Warren Buffett for fraud. He talks about
this in his biography.
He describes a scene where he is sitting
with his lawyer Chuck Rickershouser.
Rickershauser had been studying a chart
that showed Buffett and Munger's complex
financial interests. The complex
crossoldings that Buffett had created
looked suspicious.
Rickershauser stared at the crazy
diagram and fredded. There's got to be
an indictment in there somewhere. Now,
do I think that Warren Buffett
intentionally committed fraud? No, I do
not. I think his company grew really
fast and things got out of control with
all of these shell companies. He fixed
it by restructuring the company and
paying a $115,000 fine.
I think something very similar is
happening at Turning Point. And let me
give you a specific example. In fiscal
year 2023, TurningPoint USA, which is
the main 501c3 nonprofit organization,
transferred $664,572
to Turning Point Action, which is the
501c4 nonprofit.
This transfer was reported as
reimbursement of event expenses.
Turning Point Action then turned around
and transferred almost the exact same
amount, $650,000,
to Turning Point Pack, which is another
shell company I haven't even talked
about yet. Now, this is not necessarily
illegal, but it looks really suspicious.
It looks like you are taking in tax
exempt donations at TurningPoint USA and
then funneling the money through your
shell companies to your pack that you
can then spend on political campaigns
because of less accounting restrictions.
Again, this is not necessarily illegal
if they structure their transactions
correctly and utilize campaign finance
loopholes, but it certainly looks
unethical.
Why is it that almost the exact same
dollar amount gets transferred between
the organizations? The difference
between Warren Buffett and Turning
Point, besides the obvious fact of the
difference between private companies and
nonprofits, is that at Turning Point, we
have missing financial statements and a
memo from Charlie Kirk saying that he
has concerns with the finances.
The problem with having multiple shell
companies like this is that it becomes
very easy for your employees to steal
from the organization. Now, just to
clarify, for legal reasons, I do not
have any evidence of a specific crime.
We would need an FBI investigation of
the books at Turning Point USA to
determine that for sure. What I have
presented are red flags and a lot of
questions that need to be answered. This
is all based on financial evidence that
Turning Point themselves has posted
online. Anyone can go and confirm
everything I am saying.
All these problems suggest financial
mismanagement at Turning Point USA. And
from Charlie Kirk's memo, we know that
he did not understand what was going on.
If someone was able to keep this hidden
from Charlie Kirk, that suggests that
the people involved are at the highest
levels of Turning Point USA. I will
repeat because I know that a lot of
people do not want to believe this. The
financial statement suggests that
someone at the highest levels of Turning
Point USA is stealing the donations.
I don't understand why no one is looking
into this.
Erica Kirk has been the CEO for two
months and she needs to start answering
questions. I keep coming back to the
statement from Warren Buffett's lawyer
when he was looking at the diagram of
all the shell companies. He said there's
got to be an indictment in there
somewhere. Now, I want to hear from you.
With everything that I've explained, do
you think that Turning Point USA is
doing something shady? Let me know in
the comments down below. And if you like
this video, don't forget to hit that
subscribe button so you don't miss out
on future videos. If you want to support
independent journalism like this
channel, consider signing up for a
membership on my website, wolves
&finance.com.
For $6 a month, your support helps me to
keep making these videos. Thank you to
everyone who has signed up. I'm Zach
from Wolves & Finance. Thank you for
watching.
Heat.
[Music]
[Music]
Transcript + Time:
0:00
Since the murder of Charlie Kirk,
0:01
there's been growing concern over
0:03
potential financial mismanagement at
0:05
TurningPoint USA.
0:07
I've been looking into this and have
0:09
discovered some shocking information.
0:11
We're going to explore the question, did
0:13
Turning Point USA commit fraud? I'm
0:17
Zach. I'm a certified public accountant
0:20
and you are watching Wolves Finance.
0:23
[Music]
0:39
In this video, I am very critical of
0:42
TurningPoint USA.
0:44
Let me start off by saying that I
0:46
believe this is a good organization and
0:49
I hope that they succeed, but they are
0:51
not going to be able to continue Charlie
0:53
Kirk's legacy if they are employing
0:55
people who are stealing donations. The
0:58
reason that people are concerned about
1:00
Turning Point USA's finances is because
1:02
statements made by Charlie Kirk himself.
1:05
This is a memo written by Charlie Kirk
1:07
on September 2nd, 2025. That is only 8
1:11
days before he was murdered. In this
1:13
memo, he promotes Justin Strife as the
1:15
new chief operating officer or COO and
1:18
announces a new Doge style audit. After
1:21
this memo was revealed, people obviously
1:24
wanted to know what were the results of
1:26
the Doge style audit. Why was Charlie
1:30
Kirk concerned with the finances of
1:31
Turning Point USA right before he was
1:34
murdered? Here's an exchange on X.com of
1:37
someone asking that question. Why was
1:39
Charlie about to audit the finances and
1:42
will it still be audited? This was
1:44
responded to by someone from
1:45
TurningPoint named Tyler Ber saying, "We
1:48
audit our finances every year. They were
1:51
just audited at the end of our fiscal
1:52
year in July." He then goes on to say,
1:55
"There is no scheming. Nonprofits have a
1:58
990 where everything is outfront. No one
2:01
owns anything and our salaries are
2:03
transparent. If you'd like a quick
2:05
course on nonprofits, here is a good
2:07
start." And then he links the
2:09
accounting.org website where they talk
2:12
about the form90.
2:14
Okay, number one, that response by Tyler
2:17
Buer is a little bit snarky. And I'm
2:21
just showing you one of his posts. There
2:23
are many posts like this and they are
2:25
all just as snarky.
2:28
I would like to ask Tyler Ber if he can
2:30
lower the snarkiness because it is a
2:33
very legitimate question. A Doge style
2:36
audit is not the same thing as the
2:38
annual financial audit and everybody
2:41
knows that Charlie Kirk wanted a second
2:44
independent audit on top of the annual
2:47
financial audit. According to Tyler
2:49
Ber's post, Turning Point is not going
2:52
forward with Charlie Kirk's wishes. They
2:55
have cancelled the audit. The question
2:58
is why? Why did they decide not to
3:01
follow through with Charlie Kirk's final
3:04
wish? What is also interesting is that
3:07
Tyler Ber is the person who was replaced
3:10
by Justin Strife in Charlie Kirk's memo.
3:14
Tyler Boyer was the former COO of
3:16
Turning Point USA from 2017.
3:20
And then 8 days before Charlie Kirk was
3:22
murdered, he appoints a new person as
3:24
COO. Tyler Boyer steps away so he can
3:28
focus more on his job as COO of their
3:30
other organization, Turning Point
3:32
Action.
3:34
Isn't that a strange coincidence? Tyler
3:36
Ber was removed from his position in the
3:39
same memo that Charlie Kirk announces a
3:41
financial audit. Then after that,
3:44
Charlie Kirk is murdered and Tyler Boyer
3:47
is on X.com saying that no audit is
3:50
necessary. So here's what I think we
3:53
should do. We should follow Tyler
3:55
Boyer's snarky advice. Let's go look at
3:59
the 990 forms that Turning Point USA
4:02
submits to the IRS every year.
4:05
These contain their annual financial
4:07
statements. When you look at the forms,
4:10
there are some very strange anomalies.
4:13
Several of the 990 forms are missing.
4:18
Turning Point USA lists four related
4:20
entities. There is Turning Point USA,
4:23
Turning Point Endowment, Turning Point
4:25
Action, and America's Turning Point. All
4:28
different organizations do slightly
4:30
different things. The form 9990 for
4:32
fiscal year 2024 is posted for Turning
4:35
Point USA, but it is missing for all the
4:38
other three organizations.
4:41
It looks like it was never turned in.
4:45
This is a massive red flag. So Tyler Ber
4:50
is being snarky on X.com and telling
4:52
people to go look at the annual
4:54
financial audit, but the financial audit
4:56
is missing from last year for three of
4:59
the four organizations.
5:01
Just to show you how strange this is, if
5:04
we go back 2 years to fiscal year 2023
5:07
where we have all the financial
5:08
statements, we can see that in fiscal
5:11
year 2023, all four statements were
5:14
filed on the same day on 515 2024.
5:18
That is what normally happens. On May
5:21
15th, Turning Point would file all four
5:23
financial statements for their
5:25
organizations. But for fiscal year 2024,
5:28
only one financial statement was filed
5:31
for Turning Point USA on 515 2025.
5:35
The other three are missing. This
5:38
strange decision to hide their financial
5:40
statements happened 4 months before
5:42
Charlie Kirk was murdered. I will repeat
5:45
for clarity.
5:47
Someone at Turning Point decided not to
5:50
file three of the four of their annual
5:52
financial statements four months before
5:55
Charlie Kirk appointed a new COO,
5:57
requested a new audit, and was murdered.
6:01
Those three financial statements are
6:03
still missing. Let me give you just one
6:06
example of why this is problematic.
6:08
Let us look at the one financial
6:10
statement we do have for fiscal year
6:12
2024 for Turning Point USA.
6:15
Schedule I shows grants and other
6:18
assistance to organizations,
6:19
governments, and individuals in the
6:20
United States.
6:22
This schedule shows you where Turning
6:24
Point is sending its money. We see that
6:27
a lot of money, $8,560,625,
6:32
is being sent to America's Turning
6:34
Point. They are sending it to their own
6:37
shell company. Now, this is not
6:40
necessarily illegal except for the fact
6:42
that the financial statement for the
6:44
other organization is missing. We cannot
6:48
see how this $8.6 million is being
6:51
spent. This is very important because
6:54
there are strange variances around this
6:56
money. I have pulled the last 5 years of
7:00
990 forms for Turning Point USA. Here is
7:03
a table with contributions compared with
7:05
the largest expense which are the grants
7:08
from schedule I. You can immediately see
7:11
a strange dip between 2022 and 2023.
7:16
This dip happens because in prior years
7:18
they were sending money to Turning Point
7:20
Endowment. They were transferring
7:24
millions of dollars. This stopped in
7:26
2021 and they started ramping up sending
7:29
money to America's Turning Point. Let's
7:32
break this down. First of all, I find it
7:35
really unethical that they were sending
7:38
millions of dollars to their own
7:40
endowment.
7:41
I know that a lot of nonprofits do this,
7:44
but I think it is unethical.
7:46
Do the donors know this is how Turning
7:49
Point is spending their money? Turning
7:51
Point USA is taking in donations and
7:54
then sending the money to their
7:55
endowment to invest in the stock market.
7:59
In my opinion, they should be spending
8:01
donations on operating their nonprofit,
8:04
not on buying investments. As of fiscal
8:07
year 2023, they had $61 million of
8:10
assets in the endowment, which was
8:12
generating $1.9 million a year of
8:15
investment income.
8:18
Personally, I think that's an unethical
8:20
way to run a nonprofit, but that's just
8:22
my opinion. But what is important here
8:25
is what happened to the missing $8.6 6
8:27
million. The amount sent to America's
8:30
Turning Point in fiscal year 2024. The
8:33
amount of money sent to America's
8:35
Turning Point was getting larger and
8:36
larger. And because the financial
8:38
statements are missing, we cannot tell
8:41
how this money was spent. If we look at
8:43
the prior year, the majority of the
8:45
money was spent on other salaries and
8:48
wages. How is this possible when
8:50
America's Turning Point reports zero
8:53
employees?
8:55
Does anyone else think that sounds a
8:57
little suspicious?
8:59
Let me walk you through this. We have
9:01
the two organizations, the main company,
9:03
Turning Point USA, and America's Turning
9:06
Point. America's Turning Point has never
9:09
reported any employees. Turning Point
9:12
USA's number of employees has decreased
9:14
dramatically over the last 3 years. In
9:17
the last year alone, the number of
9:18
employees decreased by 33%.
9:22
That is a massive decrease in workforce.
9:26
But while they are laying people off,
9:28
their salary expense is skyrocketing for
9:31
both organizations.
9:34
None of this makes any sense. How is
9:37
America's Turning Point reporting
9:39
millions of dollars of salary expense
9:41
when they have no employees? How is
9:44
Turning Point USA salary expense
9:46
skyrocketing when the number of
9:48
employees is plummeting?
9:50
And why are the financial statements
9:52
missing?
9:54
What was the $8.6 million spent on? In
9:59
my opinion, what I think is happening is
10:01
I think there are fake people on the
10:04
payroll. I think that paychecks are
10:06
getting sent to people who do not really
10:08
exist. And that would explain why we
10:11
have a company with zero employees with
10:14
millions of dollars of salary expense.
10:17
What about Tyler Boyer's argument that
10:19
they have an annual financial audit
10:20
every year? If what I am saying is true,
10:24
why wouldn't their annual audit catch
10:27
these issues?
10:29
The annual financial audit for Turning
10:31
Point USA, Inc. and its affiliates was
10:33
performed by an accounting firm called
10:35
Baker Tilly. In the notes, they
10:37
explained that they audited Turning
10:39
Point USA, Turning Point Action, Turning
10:41
Point Endowment, America's Turning
10:42
Point, and TPUSA merch. That usually
10:45
means they audited all the shell
10:46
companies when they provided their
10:48
opinion that the statements present
10:50
fairly in all material respects.
10:53
That means it is a clean audit with no
10:55
problems.
10:58
I wonder if Baker Tilly will provide an
11:00
explanation why they can issue a
11:02
flawless audit report when three 990
11:05
forms were never filed with the IRS.
11:08
And just to clarify, Baker Till's audit
11:11
opinion letter is signed after
11:14
TurningPoint missed the filing date with
11:17
the IRS. So there is no excuse for Baker
11:20
Tilly not to mention this in their audit
11:22
opinion. Just so you understand who
11:25
Baker Tilly is, let me show you a
11:28
lawsuit that was filed against them just
11:30
this year by a Catholic charity. In a
11:33
lawsuit filed Friday, Catholic Charities
11:35
claims they're out millions of dollars
11:37
after a former employee in their finance
11:39
department misused funds. And that's not
11:41
all. The local nonprofit is also going
11:43
after Baker Tilly, the firm that was
11:45
auditing their finances at the time.
11:48
Catholic Charities provides a number of
11:50
programs, including counseling,
11:51
adoption, and immigration services.
11:56
This 12-page lawsuit says the former
11:58
employee worked for Catholic Charities
12:00
for over 10 years, holding many
12:02
positions, including director of
12:04
finance. It says she abused her
12:06
authority and misappropriated millions
12:08
of dollars. The lawsuit claims she did
12:11
this in two schemes. The first alleges
12:13
paying false invoices. Catholic
12:16
Charities says the second scheme
12:18
involved a woman using company credit
12:20
cards for personal purchases like Amazon
12:22
Prime Video rentals, Uber rides, ticket
12:25
master purchases, and casino purchases
12:27
from MGM Grand. The lawsuit also states
12:31
that Baker Tilly failed to recognize
12:33
clearly fraudulent purchasing activity.
12:35
The lawsuit alleges that someone in
12:37
leadership at the highest levels of this
12:39
Catholic charity stole millions of
12:42
dollars. This was going on year after
12:45
year after year and Baker Tilly never
12:48
mentioned it in any of their audits.
12:52
It makes you wonder, are they even
12:54
looking at the financials?
12:57
This is the same accounting firm doing
12:59
the annual audits at Turning Point USA.
13:02
Erica Kirk assumed the role of CEO of
13:05
Turningpoint USA on September 18th,
13:07
2025, 8 days after Charlie Kirk was
13:10
murdered. She has been the CEO for
13:12
almost two months. She needs to answer
13:16
these questions.
13:18
If someone has lied on the 990 form,
13:22
people go to jail for that. I want some
13:25
explanation of why Turning Point USA
13:28
sent $8.6 million to their shell company
13:31
and then did not file financial
13:33
statements.
13:35
and Erica. I don't know who does the
13:38
accounting at Turning Point, but if they
13:40
have not been telling you about any of
13:42
this, you need to fire your accountants
13:45
immediately.
13:46
This reminds me of what happened with
13:48
Warren Buffett. Warren Buffett is one of
13:51
the most famous investors in the world,
13:54
but a lot of people do not know that he
13:56
got in big trouble with the SEC. This
13:58
happened a long time ago in the 1970s.
14:02
He had a rapidly growing organization
14:04
consisting of all these different shell
14:06
companies. The companies were
14:08
transferring money back and forth. The
14:11
companies would own stocks of all the
14:13
other companies.
14:15
The SEC opened an investigation into
14:17
Warren Buffett for fraud. He talks about
14:21
this in his biography.
14:23
He describes a scene where he is sitting
14:25
with his lawyer Chuck Rickershouser.
14:27
Rickershauser had been studying a chart
14:29
that showed Buffett and Munger's complex
14:31
financial interests. The complex
14:34
crossoldings that Buffett had created
14:36
looked suspicious.
14:38
Rickershauser stared at the crazy
14:40
diagram and fredded. There's got to be
14:42
an indictment in there somewhere. Now,
14:46
do I think that Warren Buffett
14:47
intentionally committed fraud? No, I do
14:50
not. I think his company grew really
14:53
fast and things got out of control with
14:55
all of these shell companies. He fixed
14:57
it by restructuring the company and
14:59
paying a $115,000 fine.
15:03
I think something very similar is
15:05
happening at Turning Point. And let me
15:07
give you a specific example. In fiscal
15:10
year 2023, TurningPoint USA, which is
15:12
the main 501c3 nonprofit organization,
15:15
transferred $664,572
15:18
to Turning Point Action, which is the
15:20
501c4 nonprofit.
15:23
This transfer was reported as
15:25
reimbursement of event expenses.
15:28
Turning Point Action then turned around
15:31
and transferred almost the exact same
15:33
amount, $650,000,
15:35
to Turning Point Pack, which is another
15:38
shell company I haven't even talked
15:40
about yet. Now, this is not necessarily
15:43
illegal, but it looks really suspicious.
15:47
It looks like you are taking in tax
15:49
exempt donations at TurningPoint USA and
15:51
then funneling the money through your
15:53
shell companies to your pack that you
15:56
can then spend on political campaigns
15:58
because of less accounting restrictions.
16:01
Again, this is not necessarily illegal
16:04
if they structure their transactions
16:05
correctly and utilize campaign finance
16:07
loopholes, but it certainly looks
16:10
unethical.
16:12
Why is it that almost the exact same
16:14
dollar amount gets transferred between
16:16
the organizations? The difference
16:18
between Warren Buffett and Turning
16:20
Point, besides the obvious fact of the
16:22
difference between private companies and
16:23
nonprofits, is that at Turning Point, we
16:26
have missing financial statements and a
16:29
memo from Charlie Kirk saying that he
16:31
has concerns with the finances.
16:34
The problem with having multiple shell
16:36
companies like this is that it becomes
16:38
very easy for your employees to steal
16:41
from the organization. Now, just to
16:43
clarify, for legal reasons, I do not
16:45
have any evidence of a specific crime.
16:47
We would need an FBI investigation of
16:50
the books at Turning Point USA to
16:52
determine that for sure. What I have
16:54
presented are red flags and a lot of
16:56
questions that need to be answered. This
16:59
is all based on financial evidence that
17:01
Turning Point themselves has posted
17:03
online. Anyone can go and confirm
17:06
everything I am saying.
17:09
All these problems suggest financial
17:11
mismanagement at Turning Point USA. And
17:13
from Charlie Kirk's memo, we know that
17:16
he did not understand what was going on.
17:20
If someone was able to keep this hidden
17:22
from Charlie Kirk, that suggests that
17:24
the people involved are at the highest
17:26
levels of Turning Point USA. I will
17:29
repeat because I know that a lot of
17:31
people do not want to believe this. The
17:33
financial statement suggests that
17:35
someone at the highest levels of Turning
17:37
Point USA is stealing the donations.
17:41
I don't understand why no one is looking
17:44
into this.
17:46
Erica Kirk has been the CEO for two
17:49
months and she needs to start answering
17:51
questions. I keep coming back to the
17:53
statement from Warren Buffett's lawyer
17:56
when he was looking at the diagram of
17:57
all the shell companies. He said there's
18:00
got to be an indictment in there
18:02
somewhere. Now, I want to hear from you.
18:05
With everything that I've explained, do
18:07
you think that Turning Point USA is
18:10
doing something shady? Let me know in
18:12
the comments down below. And if you like
18:14
this video, don't forget to hit that
18:16
subscribe button so you don't miss out
18:17
on future videos. If you want to support
18:20
independent journalism like this
18:22
channel, consider signing up for a
18:23
membership on my website, wolves
18:25
&finance.com.
18:27
For $6 a month, your support helps me to
18:29
keep making these videos. Thank you to
18:32
everyone who has signed up. I'm Zach
18:34
from Wolves & Finance. Thank you for
18:37
watching.
18:40
Heat.
18:42
[Music]
18:51
[Music]
Charlie Kirk’s Memo
Tyler Bowyer
Missing 990 Forms
Missing $8.6 Million
Baker Tilly Audit
Warren Buffett Investigation
Transfer to PAC
Charlie Kirk’s Memo
Tyler Bowyer
Missing 990 Forms
Missing $8.6 Million
Baker Tilly Audit
Warren Buffett Investigation
Transfer to PAC
0:01
there's been growing concern over
0:03
potential financial mismanagement at
0:05
TurningPoint USA.
0:07
I've been looking into this and have
0:09
discovered some shocking information.
0:11
We're going to explore the question, did
0:13
Turning Point USA commit fraud? I'm
0:17
Zach. I'm a certified public accountant
0:20
and you are watching Wolves Finance.
0:23
[Music]
0:39
In this video, I am very critical of
0:42
TurningPoint USA.
0:44
Let me start off by saying that I
0:46
believe this is a good organization and
0:49
I hope that they succeed, but they are
0:51
not going to be able to continue Charlie
0:53
Kirk's legacy if they are employing
0:55
people who are stealing donations. The
0:58
reason that people are concerned about
1:00
Turning Point USA's finances is because
1:02
statements made by Charlie Kirk himself.
1:05
This is a memo written by Charlie Kirk
1:07
on September 2nd, 2025. That is only 8
1:11
days before he was murdered. In this
1:13
memo, he promotes Justin Strife as the
1:15
new chief operating officer or COO and
1:18
announces a new Doge style audit. After
1:21
this memo was revealed, people obviously
1:24
wanted to know what were the results of
1:26
the Doge style audit. Why was Charlie
1:30
Kirk concerned with the finances of
1:31
Turning Point USA right before he was
1:34
murdered? Here's an exchange on X.com of
1:37
someone asking that question. Why was
1:39
Charlie about to audit the finances and
1:42
will it still be audited? This was
1:44
responded to by someone from
1:45
TurningPoint named Tyler Ber saying, "We
1:48
audit our finances every year. They were
1:51
just audited at the end of our fiscal
1:52
year in July." He then goes on to say,
1:55
"There is no scheming. Nonprofits have a
1:58
990 where everything is outfront. No one
2:01
owns anything and our salaries are
2:03
transparent. If you'd like a quick
2:05
course on nonprofits, here is a good
2:07
start." And then he links the
2:09
accounting.org website where they talk
2:12
about the form90.
2:14
Okay, number one, that response by Tyler
2:17
Buer is a little bit snarky. And I'm
2:21
just showing you one of his posts. There
2:23
are many posts like this and they are
2:25
all just as snarky.
2:28
I would like to ask Tyler Ber if he can
2:30
lower the snarkiness because it is a
2:33
very legitimate question. A Doge style
2:36
audit is not the same thing as the
2:38
annual financial audit and everybody
2:41
knows that Charlie Kirk wanted a second
2:44
independent audit on top of the annual
2:47
financial audit. According to Tyler
2:49
Ber's post, Turning Point is not going
2:52
forward with Charlie Kirk's wishes. They
2:55
have cancelled the audit. The question
2:58
is why? Why did they decide not to
3:01
follow through with Charlie Kirk's final
3:04
wish? What is also interesting is that
3:07
Tyler Ber is the person who was replaced
3:10
by Justin Strife in Charlie Kirk's memo.
3:14
Tyler Boyer was the former COO of
3:16
Turning Point USA from 2017.
3:20
And then 8 days before Charlie Kirk was
3:22
murdered, he appoints a new person as
3:24
COO. Tyler Boyer steps away so he can
3:28
focus more on his job as COO of their
3:30
other organization, Turning Point
3:32
Action.
3:34
Isn't that a strange coincidence? Tyler
3:36
Ber was removed from his position in the
3:39
same memo that Charlie Kirk announces a
3:41
financial audit. Then after that,
3:44
Charlie Kirk is murdered and Tyler Boyer
3:47
is on X.com saying that no audit is
3:50
necessary. So here's what I think we
3:53
should do. We should follow Tyler
3:55
Boyer's snarky advice. Let's go look at
3:59
the 990 forms that Turning Point USA
4:02
submits to the IRS every year.
4:05
These contain their annual financial
4:07
statements. When you look at the forms,
4:10
there are some very strange anomalies.
4:13
Several of the 990 forms are missing.
4:18
Turning Point USA lists four related
4:20
entities. There is Turning Point USA,
4:23
Turning Point Endowment, Turning Point
4:25
Action, and America's Turning Point. All
4:28
different organizations do slightly
4:30
different things. The form 9990 for
4:32
fiscal year 2024 is posted for Turning
4:35
Point USA, but it is missing for all the
4:38
other three organizations.
4:41
It looks like it was never turned in.
4:45
This is a massive red flag. So Tyler Ber
4:50
is being snarky on X.com and telling
4:52
people to go look at the annual
4:54
financial audit, but the financial audit
4:56
is missing from last year for three of
4:59
the four organizations.
5:01
Just to show you how strange this is, if
5:04
we go back 2 years to fiscal year 2023
5:07
where we have all the financial
5:08
statements, we can see that in fiscal
5:11
year 2023, all four statements were
5:14
filed on the same day on 515 2024.
5:18
That is what normally happens. On May
5:21
15th, Turning Point would file all four
5:23
financial statements for their
5:25
organizations. But for fiscal year 2024,
5:28
only one financial statement was filed
5:31
for Turning Point USA on 515 2025.
5:35
The other three are missing. This
5:38
strange decision to hide their financial
5:40
statements happened 4 months before
5:42
Charlie Kirk was murdered. I will repeat
5:45
for clarity.
5:47
Someone at Turning Point decided not to
5:50
file three of the four of their annual
5:52
financial statements four months before
5:55
Charlie Kirk appointed a new COO,
5:57
requested a new audit, and was murdered.
6:01
Those three financial statements are
6:03
still missing. Let me give you just one
6:06
example of why this is problematic.
6:08
Let us look at the one financial
6:10
statement we do have for fiscal year
6:12
2024 for Turning Point USA.
6:15
Schedule I shows grants and other
6:18
assistance to organizations,
6:19
governments, and individuals in the
6:20
United States.
6:22
This schedule shows you where Turning
6:24
Point is sending its money. We see that
6:27
a lot of money, $8,560,625,
6:32
is being sent to America's Turning
6:34
Point. They are sending it to their own
6:37
shell company. Now, this is not
6:40
necessarily illegal except for the fact
6:42
that the financial statement for the
6:44
other organization is missing. We cannot
6:48
see how this $8.6 million is being
6:51
spent. This is very important because
6:54
there are strange variances around this
6:56
money. I have pulled the last 5 years of
7:00
990 forms for Turning Point USA. Here is
7:03
a table with contributions compared with
7:05
the largest expense which are the grants
7:08
from schedule I. You can immediately see
7:11
a strange dip between 2022 and 2023.
7:16
This dip happens because in prior years
7:18
they were sending money to Turning Point
7:20
Endowment. They were transferring
7:24
millions of dollars. This stopped in
7:26
2021 and they started ramping up sending
7:29
money to America's Turning Point. Let's
7:32
break this down. First of all, I find it
7:35
really unethical that they were sending
7:38
millions of dollars to their own
7:40
endowment.
7:41
I know that a lot of nonprofits do this,
7:44
but I think it is unethical.
7:46
Do the donors know this is how Turning
7:49
Point is spending their money? Turning
7:51
Point USA is taking in donations and
7:54
then sending the money to their
7:55
endowment to invest in the stock market.
7:59
In my opinion, they should be spending
8:01
donations on operating their nonprofit,
8:04
not on buying investments. As of fiscal
8:07
year 2023, they had $61 million of
8:10
assets in the endowment, which was
8:12
generating $1.9 million a year of
8:15
investment income.
8:18
Personally, I think that's an unethical
8:20
way to run a nonprofit, but that's just
8:22
my opinion. But what is important here
8:25
is what happened to the missing $8.6 6
8:27
million. The amount sent to America's
8:30
Turning Point in fiscal year 2024. The
8:33
amount of money sent to America's
8:35
Turning Point was getting larger and
8:36
larger. And because the financial
8:38
statements are missing, we cannot tell
8:41
how this money was spent. If we look at
8:43
the prior year, the majority of the
8:45
money was spent on other salaries and
8:48
wages. How is this possible when
8:50
America's Turning Point reports zero
8:53
employees?
8:55
Does anyone else think that sounds a
8:57
little suspicious?
8:59
Let me walk you through this. We have
9:01
the two organizations, the main company,
9:03
Turning Point USA, and America's Turning
9:06
Point. America's Turning Point has never
9:09
reported any employees. Turning Point
9:12
USA's number of employees has decreased
9:14
dramatically over the last 3 years. In
9:17
the last year alone, the number of
9:18
employees decreased by 33%.
9:22
That is a massive decrease in workforce.
9:26
But while they are laying people off,
9:28
their salary expense is skyrocketing for
9:31
both organizations.
9:34
None of this makes any sense. How is
9:37
America's Turning Point reporting
9:39
millions of dollars of salary expense
9:41
when they have no employees? How is
9:44
Turning Point USA salary expense
9:46
skyrocketing when the number of
9:48
employees is plummeting?
9:50
And why are the financial statements
9:52
missing?
9:54
What was the $8.6 million spent on? In
9:59
my opinion, what I think is happening is
10:01
I think there are fake people on the
10:04
payroll. I think that paychecks are
10:06
getting sent to people who do not really
10:08
exist. And that would explain why we
10:11
have a company with zero employees with
10:14
millions of dollars of salary expense.
10:17
What about Tyler Boyer's argument that
10:19
they have an annual financial audit
10:20
every year? If what I am saying is true,
10:24
why wouldn't their annual audit catch
10:27
these issues?
10:29
The annual financial audit for Turning
10:31
Point USA, Inc. and its affiliates was
10:33
performed by an accounting firm called
10:35
Baker Tilly. In the notes, they
10:37
explained that they audited Turning
10:39
Point USA, Turning Point Action, Turning
10:41
Point Endowment, America's Turning
10:42
Point, and TPUSA merch. That usually
10:45
means they audited all the shell
10:46
companies when they provided their
10:48
opinion that the statements present
10:50
fairly in all material respects.
10:53
That means it is a clean audit with no
10:55
problems.
10:58
I wonder if Baker Tilly will provide an
11:00
explanation why they can issue a
11:02
flawless audit report when three 990
11:05
forms were never filed with the IRS.
11:08
And just to clarify, Baker Till's audit
11:11
opinion letter is signed after
11:14
TurningPoint missed the filing date with
11:17
the IRS. So there is no excuse for Baker
11:20
Tilly not to mention this in their audit
11:22
opinion. Just so you understand who
11:25
Baker Tilly is, let me show you a
11:28
lawsuit that was filed against them just
11:30
this year by a Catholic charity. In a
11:33
lawsuit filed Friday, Catholic Charities
11:35
claims they're out millions of dollars
11:37
after a former employee in their finance
11:39
department misused funds. And that's not
11:41
all. The local nonprofit is also going
11:43
after Baker Tilly, the firm that was
11:45
auditing their finances at the time.
11:48
Catholic Charities provides a number of
11:50
programs, including counseling,
11:51
adoption, and immigration services.
11:56
This 12-page lawsuit says the former
11:58
employee worked for Catholic Charities
12:00
for over 10 years, holding many
12:02
positions, including director of
12:04
finance. It says she abused her
12:06
authority and misappropriated millions
12:08
of dollars. The lawsuit claims she did
12:11
this in two schemes. The first alleges
12:13
paying false invoices. Catholic
12:16
Charities says the second scheme
12:18
involved a woman using company credit
12:20
cards for personal purchases like Amazon
12:22
Prime Video rentals, Uber rides, ticket
12:25
master purchases, and casino purchases
12:27
from MGM Grand. The lawsuit also states
12:31
that Baker Tilly failed to recognize
12:33
clearly fraudulent purchasing activity.
12:35
The lawsuit alleges that someone in
12:37
leadership at the highest levels of this
12:39
Catholic charity stole millions of
12:42
dollars. This was going on year after
12:45
year after year and Baker Tilly never
12:48
mentioned it in any of their audits.
12:52
It makes you wonder, are they even
12:54
looking at the financials?
12:57
This is the same accounting firm doing
12:59
the annual audits at Turning Point USA.
13:02
Erica Kirk assumed the role of CEO of
13:05
Turningpoint USA on September 18th,
13:07
2025, 8 days after Charlie Kirk was
13:10
murdered. She has been the CEO for
13:12
almost two months. She needs to answer
13:16
these questions.
13:18
If someone has lied on the 990 form,
13:22
people go to jail for that. I want some
13:25
explanation of why Turning Point USA
13:28
sent $8.6 million to their shell company
13:31
and then did not file financial
13:33
statements.
13:35
and Erica. I don't know who does the
13:38
accounting at Turning Point, but if they
13:40
have not been telling you about any of
13:42
this, you need to fire your accountants
13:45
immediately.
13:46
This reminds me of what happened with
13:48
Warren Buffett. Warren Buffett is one of
13:51
the most famous investors in the world,
13:54
but a lot of people do not know that he
13:56
got in big trouble with the SEC. This
13:58
happened a long time ago in the 1970s.
14:02
He had a rapidly growing organization
14:04
consisting of all these different shell
14:06
companies. The companies were
14:08
transferring money back and forth. The
14:11
companies would own stocks of all the
14:13
other companies.
14:15
The SEC opened an investigation into
14:17
Warren Buffett for fraud. He talks about
14:21
this in his biography.
14:23
He describes a scene where he is sitting
14:25
with his lawyer Chuck Rickershouser.
14:27
Rickershauser had been studying a chart
14:29
that showed Buffett and Munger's complex
14:31
financial interests. The complex
14:34
crossoldings that Buffett had created
14:36
looked suspicious.
14:38
Rickershauser stared at the crazy
14:40
diagram and fredded. There's got to be
14:42
an indictment in there somewhere. Now,
14:46
do I think that Warren Buffett
14:47
intentionally committed fraud? No, I do
14:50
not. I think his company grew really
14:53
fast and things got out of control with
14:55
all of these shell companies. He fixed
14:57
it by restructuring the company and
14:59
paying a $115,000 fine.
15:03
I think something very similar is
15:05
happening at Turning Point. And let me
15:07
give you a specific example. In fiscal
15:10
year 2023, TurningPoint USA, which is
15:12
the main 501c3 nonprofit organization,
15:15
transferred $664,572
15:18
to Turning Point Action, which is the
15:20
501c4 nonprofit.
15:23
This transfer was reported as
15:25
reimbursement of event expenses.
15:28
Turning Point Action then turned around
15:31
and transferred almost the exact same
15:33
amount, $650,000,
15:35
to Turning Point Pack, which is another
15:38
shell company I haven't even talked
15:40
about yet. Now, this is not necessarily
15:43
illegal, but it looks really suspicious.
15:47
It looks like you are taking in tax
15:49
exempt donations at TurningPoint USA and
15:51
then funneling the money through your
15:53
shell companies to your pack that you
15:56
can then spend on political campaigns
15:58
because of less accounting restrictions.
16:01
Again, this is not necessarily illegal
16:04
if they structure their transactions
16:05
correctly and utilize campaign finance
16:07
loopholes, but it certainly looks
16:10
unethical.
16:12
Why is it that almost the exact same
16:14
dollar amount gets transferred between
16:16
the organizations? The difference
16:18
between Warren Buffett and Turning
16:20
Point, besides the obvious fact of the
16:22
difference between private companies and
16:23
nonprofits, is that at Turning Point, we
16:26
have missing financial statements and a
16:29
memo from Charlie Kirk saying that he
16:31
has concerns with the finances.
16:34
The problem with having multiple shell
16:36
companies like this is that it becomes
16:38
very easy for your employees to steal
16:41
from the organization. Now, just to
16:43
clarify, for legal reasons, I do not
16:45
have any evidence of a specific crime.
16:47
We would need an FBI investigation of
16:50
the books at Turning Point USA to
16:52
determine that for sure. What I have
16:54
presented are red flags and a lot of
16:56
questions that need to be answered. This
16:59
is all based on financial evidence that
17:01
Turning Point themselves has posted
17:03
online. Anyone can go and confirm
17:06
everything I am saying.
17:09
All these problems suggest financial
17:11
mismanagement at Turning Point USA. And
17:13
from Charlie Kirk's memo, we know that
17:16
he did not understand what was going on.
17:20
If someone was able to keep this hidden
17:22
from Charlie Kirk, that suggests that
17:24
the people involved are at the highest
17:26
levels of Turning Point USA. I will
17:29
repeat because I know that a lot of
17:31
people do not want to believe this. The
17:33
financial statement suggests that
17:35
someone at the highest levels of Turning
17:37
Point USA is stealing the donations.
17:41
I don't understand why no one is looking
17:44
into this.
17:46
Erica Kirk has been the CEO for two
17:49
months and she needs to start answering
17:51
questions. I keep coming back to the
17:53
statement from Warren Buffett's lawyer
17:56
when he was looking at the diagram of
17:57
all the shell companies. He said there's
18:00
got to be an indictment in there
18:02
somewhere. Now, I want to hear from you.
18:05
With everything that I've explained, do
18:07
you think that Turning Point USA is
18:10
doing something shady? Let me know in
18:12
the comments down below. And if you like
18:14
this video, don't forget to hit that
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subscribe button so you don't miss out
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on future videos. If you want to support
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For $6 a month, your support helps me to
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everyone who has signed up. I'm Zach
18:34
from Wolves & Finance. Thank you for
18:37
watching.
18:40
Heat.
18:42
[Music]
18:51
[Music]
Charlie Kirk’s Memo
Tyler Bowyer
Missing 990 Forms
Missing $8.6 Million
Baker Tilly Audit
Warren Buffett Investigation
Transfer to PAC
Charlie Kirk’s Memo
Tyler Bowyer
Missing 990 Forms
Missing $8.6 Million
Baker Tilly Audit
Warren Buffett Investigation
Transfer to PAC
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