Occupy Wall Street Operating in the Black
By: Stephanie Castillo
Updated: November 14, 2011
OCCUPY MOVEMENT -- The Occupy Wall Street movement is still going strong. Movement organizers use financial donations being made in person and online to keep going. Just how much is the group collecting as well as spending.
Since Occupy Wall Street began its rally cry against corporate greed more than fifty days ago the movement has grown and so have its needs --including feeding hundreds camping out, providing sleeping bags for those without one, distributing tarps and water proof floor boards as well as medical supplies.
Movement Organizers are grateful for all the donations that have come in. Items that aren't donated have to be bought. Occupy Wall Street released its first month spread sheet, the group took in nearly $455,000 and only spent about $55,000. That's quite a balance sheet, with the group being $400,000 in the black. The people keeping track of the money says their job is like having an office job in a mosh pit. Needing a lot of room to keep up with receipts and staying accurate, making sure each accound each account is opened and closed.
Some donate right on the spot, as people are walking through the park. Some campers help the cause by spray painting Occupy slogans on t-shirts for a donation. Cash deposits mainly go to Amalgamated Bank, which Occupy says was chosen for its ethics. Amalgamated Bank is a for profit bank who donates its profits to charity.
SOME DONATIONS ARE MADE ON THE SPOT, PEOPLE WALKING THROUGH THE PARK.
The Alliance for Global Justice manages online donations and checks accountable to the IRS. Some critics have raised questions because of Alliance's support of the Sandinistas among other causes.
For Occupy loyalists, Alliance is a perfect fit for the movement which shows no signs of dying down. The only worry Occupy has is whether or not the $10,000 a day donations they currently take in will continue to grow.
Since Occupy Wall Street began its rally cry against corporate greed more than fifty days ago the movement has grown and so have its needs --including feeding hundreds camping out, providing sleeping bags for those without one, distributing tarps and water proof floor boards as well as medical supplies.
Movement Organizers are grateful for all the donations that have come in. Items that aren't donated have to be bought. Occupy Wall Street released its first month spread sheet, the group took in nearly $455,000 and only spent about $55,000. That's quite a balance sheet, with the group being $400,000 in the black. The people keeping track of the money says their job is like having an office job in a mosh pit. Needing a lot of room to keep up with receipts and staying accurate, making sure each accound each account is opened and closed.
Some donate right on the spot, as people are walking through the park. Some campers help the cause by spray painting Occupy slogans on t-shirts for a donation. Cash deposits mainly go to Amalgamated Bank, which Occupy says was chosen for its ethics. Amalgamated Bank is a for profit bank who donates its profits to charity.
SOME DONATIONS ARE MADE ON THE SPOT, PEOPLE WALKING THROUGH THE PARK.
The Alliance for Global Justice manages online donations and checks accountable to the IRS. Some critics have raised questions because of Alliance's support of the Sandinistas among other causes.
For Occupy loyalists, Alliance is a perfect fit for the movement which shows no signs of dying down. The only worry Occupy has is whether or not the $10,000 a day donations they currently take in will continue to grow.
