Zach from WolvesAndFinance Investigates Missing Financials and Shell Companies at Turning Point USA

[00:00] Two weeks ago, I posted a video about

[00:02] red flags at TurningPoint USA. Among the

[00:05] many things I mentioned, Turning Point

[00:07] was missing three of the four 990 forms

[00:09] for their shell companies. Well, guess

[00:12] what? The missing forms have

[00:14] mysteriously been posted and they are

[00:16] marked that they were filed on May 15th,

[00:18] 2025.

[00:20] So, they are claiming that they filed

[00:22] four forms. The IRS posted one, held on

[00:26] to the other three, and for some reason

[00:28] posted them six months later when people

[00:30] started talking about it online.

[00:33] Isn't that convenient?

[00:36] But we're not going to dwell on it

[00:37] because the more important thing is that

[00:39] now we have the missing financials. And

[00:42] you're not going to believe this. It

[00:44] gets even worse.

[00:51] >> [music]

[01:02] >> In the 990 forms, you can go to page 8

[01:05] and each organization must list out

[01:07] their highest paid independent

[01:08] contractors.

[01:10] What is curious is that on the FY24 form

[01:13] for America's Turning Point, Tyler Ber

[01:16] lists himself as an independent

[01:18] contractor and he puts his personal home

[01:20] address. Now, I'm not doxing anyone here

[01:23] because it is public information on the

[01:25] IRS form. And I have to tell people,

[01:28] please do not go to Tyler Ber's house.

[01:31] That is not appropriate. But I will say

[01:34] if you go look up his residence on

[01:36] Google Maps, you will see that he lives

[01:38] in a massive mansion.

[01:41] Now, I'm not going to show his home out

[01:43] of respect, but you can go see it for

[01:45] yourself. It is mindblowing. Where is

[01:48] Tyler Boyer getting all this money? But

[01:52] what is even more important is if you go

[01:54] to the other shell company Turning Point

[01:55] Action in FY2024, their number one

[01:58] independent contractor is a company

[02:00] called 110 LLC. In fact, this has been

[02:04] one of their largest contractors for the

[02:06] last 3 years. These are all the payments

[02:09] and they total $1,456,261

[02:13] over the last 3 years. That's almost

[02:16] $1.5 million.

[02:18] The description they provide is social

[02:21] digital media ad placement.

[02:23] Now, there is also an address for this

[02:25] company. So, I thought, let's take a

[02:28] trip and go check this company out. If

[02:31] Turning Point is paying them $1.5

[02:33] million, they must be doing something

[02:35] really great. I am on location in Queen

[02:39] Creek, Arizona. And if you don't know,

[02:40] Queen Creek is a suburb of Phoenix. So,

[02:44] I'm at the address that was listed on

[02:45] the 990 form. And this is strange.

[02:50] This is a strip mall. So, I'm gonna get

[02:52] out. I'm gonna take a walk around and

[02:54] see if I can find the business 110 LLC.

[02:58] Okay. I've walked past all the suites.

[03:01] I've checked all the doors. The business

[03:04] 110 LLC, as far as I can tell, is not

[03:08] here.

[03:10] What is going on? So, TurningPoint is

[03:14] putting on their IRS form that they are

[03:16] sending $1.5 million to this parking

[03:20] lot. Well, I'm sitting here in the

[03:23] parking lot. The business is not here as

[03:26] far as I can tell.

[03:28] What is going on? I mean, maybe they

[03:31] didn't think that anyone was going to

[03:33] actually drive out here and check it

[03:35] out, but as far as I can tell, the

[03:38] business is not here.

[03:40] So, my question is, do the Turning Point

[03:43] donors know this is how their money is

[03:45] being spent? That Turning Point is

[03:48] writing on their IRS forms that they're

[03:50] sending $1.5 million to this parking

[03:54] lot. I did some additional checking.

[03:57] Another thing that is strange is that

[03:58] there is no website for 110 LLC.

[04:03] How do you run a business without a

[04:05] website? That's pretty strange. And I

[04:08] thought maybe they moved. Maybe there's

[04:11] a different location. But if you look it

[04:13] up on Google Maps, there is no location

[04:16] for 110 LLC.

[04:18] So there's no website. There's no

[04:20] location. Does this company actually

[04:23] exist? Well, we do have records that it

[04:26] is owned by someone named Jake Hoffman,

[04:29] who is actually the former

[04:30] communications director for Turning

[04:32] Point USA. He is now a Republican state

[04:35] senator in Arizona. Now, just to give

[04:38] you some context, Jay Kaufman is a

[04:41] really powerful person in Arizona, which

[04:44] may be why no one has talked about this

[04:46] before. In his financial disclosure

[04:48] statement, he lists that he is the owner

[04:51] of 110 LLC at the same address in Queen

[04:54] Creek. What is also curious is that on

[04:57] the financial disclosure form, he lists

[04:59] out eight different businesses that are

[05:02] all operating out of that same strip

[05:04] mall. But what is even more strange is

[05:07] that on the financial disclosure form,

[05:09] he actually lists out the suite numbers.

[05:12] He claims that he is operating his

[05:14] business out of suites 105 to 503.

[05:19] Excuse me. That is every suite in the

[05:22] strip mall. How does that make sense? Is

[05:26] he operating out of the grocery store?

[05:29] Is he operating out of Panda Express? Is

[05:32] he operating his business out of the pet

[05:34] dental clinic? Now, if you watch my

[05:37] channel, you can tell that I'm a

[05:39] conservative, but I do not have a

[05:41] problem calling out a Republican if I

[05:44] see something that looks shady. And this

[05:46] is all allegedly. I don't know if

[05:49] anything illegal is happening for sure.

[05:51] Maybe there is an innocent explanation

[05:53] for all of this. I have never met Jay

[05:56] Kaufman, so I cannot speak to whether

[05:58] he's an ethical person or not. All I can

[06:00] speak to is what these people are

[06:02] writing in their financial forms. You

[06:04] have to admit that it looks pretty

[06:06] strange. It looks like Turning Point is

[06:09] sending $1.5 million to a parking lot to

[06:13] get picked up by a politician.

[06:15] If you remember, Baker Tilly is the

[06:18] accounting firm that did the annual

[06:19] financial audit. So, they are the ones

[06:21] that signed off on Turning Point. They

[06:23] give it a clean audit. They said there's

[06:25] no problems at Turning Point.

[06:28] Well, Baker Tilly, did you look at the

[06:31] largest contract?

[06:34] They're supposed to do an audit

[06:35] procedure to make sure that it's an

[06:37] actual company.

[06:40] Well, I'm sitting here in the parking

[06:42] lot. I'm looking around and I don't see

[06:45] a company called 110 LLC.

[06:48] So, Baker Tilly, I want to know the

[06:51] specific audit procedure that you did to

[06:54] ensure that this was a legitimate

[06:56] company and not an illegal payment to a

[06:59] politician. In a few weeks, Turning

[07:01] Point is hosting their biggest event of

[07:03] the year, America Fest. All of your

[07:06] favorite content creators will be

[07:07] showing up in Phoenix, Arizona to give

[07:09] speeches. I wonder if any of these

[07:12] people have a problem with Turning Point

[07:14] sending $1.5 million to a parking lot.

[07:19] Are any of them going to address in

[07:21] their speech any of the financial

[07:23] concerns at Turning Point? Patrick Bet

[07:26] David has one of the largest business

[07:28] podcasts in the world and he has been a

[07:30] major contributor to America fest. He is

[07:33] the business guy. Can he explain this to

[07:37] us? I would like to hear Patrick Bet

[07:40] David give us some kind of business

[07:42] scenario which explains why Turning

[07:44] Point would send $1.5 million to a

[07:47] parking lot. Now, I've noticed a lot of

[07:50] comments suggesting that it is

[07:52] inappropriate for me to criticize the

[07:54] finances of TurningPoint USA.

[07:57] Let me explain this for people who may

[07:58] not understand. Turning Point receives a

[08:02] tax subsidy.

[08:04] That is what a 501c3 is. You are paying

[08:07] more in taxes so that Turning Point is

[08:10] taxexempt. And in general, this is a

[08:13] good thing because we want nonprofits

[08:16] out in the world doing good things. So,

[08:19] we give them this tax benefit. But if

[08:21] Turning Point is not doing good in the

[08:23] world, if they have problems in their

[08:25] financials, if their tax forms are

[08:27] missing, maybe they should not get tax

[08:30] exempt status. The rich and powerful

[08:32] people who run Turning Point are raising

[08:34] hundreds of millions of dollars and they

[08:36] don't have to pay tax on any of it

[08:38] because you watching this video are

[08:41] footing the bill.

[08:43] So, every American has the right to ask

[08:46] questions about Turning Point's

[08:47] financials. If you think they look

[08:50] shady, you are absolutely justified in

[08:53] demanding answers. The other thing I

[08:55] mentioned in my last video was the

[08:57] missing $8.6 6 million that was

[08:59] transferred from TurningPoint USA to

[09:01] America's Turning Point. Now we have the

[09:03] finances so we can see how that money

[09:05] was spent. Just to recap, there are four

[09:09] shell companies. Turning Point USA is

[09:11] the main one. Then we have Turning Point

[09:13] Action, America's Turning Point, and

[09:15] Turning Point Endowment. Just as a

[09:17] reminder, Tyler Ber is the only paid

[09:20] executive listed for America's Turning

[09:22] Point. Charlie Kirk is not even listed.

[09:26] So, it seems strange to me that in FY24,

[09:29] $8.6 million mysteriously got

[09:32] transferred out of the main company into

[09:34] the Shell Company managed by Tyler Ber.

[09:37] When we look at how this money was

[09:39] actually spent, it went mainly to

[09:41] salaries. And in the last video, I

[09:44] mentioned the possibility of ghost

[09:46] employees. This is when an organization

[09:48] pays people, records it as salary

[09:51] expense when those people do not

[09:52] actually work for the business.

[09:55] So, I want to drill down into this idea

[09:57] further. Now, I have to admit that

[09:59] salary information can be notoriously

[10:01] hard to analyze because people are

[10:03] constantly coming and going from an

[10:05] organization. For instance, you could

[10:08] get a bunch of people hired in the last

[10:09] month of the year. Those kind of timing

[10:12] issues can cause strange fluctuations in

[10:14] your expenses, but you would expect the

[10:17] overall trends to make sense. You would

[10:19] expect the numbers to be within a

[10:21] certain range that is realistic. For

[10:23] America's turning point in FY24, we see

[10:26] that for the first time they report 24

[10:28] employees. This number is reported on a

[10:31] calendar year and the expenses are

[10:33] reported on a fiscal year ending on 630.

[10:36] So let's stagger these out. If their 990

[10:40] forms are correct and they had zero

[10:42] employees in calendar year 2022, that

[10:45] means that the entire salary expense for

[10:47] FY23 was related to the first 6 months

[10:49] of calendar year 2023.

[10:53] They spent $3.7 million in 6 months on

[10:57] salaries.

[10:59] In my opinion, these numbers are a bunch

[11:02] of baloney.

[11:03] The math does not work. Let's use the

[11:06] most favorable assumptions for America's

[11:08] turning point and assume that this

[11:10] expense was spread out across the

[11:11] largest number of employees. If we

[11:14] assume that 24 employees were hired on

[11:16] January 1st and worked for 6 months,

[11:19] that means that the average annual

[11:21] salary of those 24 employees was around

[11:24] $300,000.

[11:27] That's a lot of money. That is every

[11:30] employee at America's Turning Point. It

[11:33] could be the secretary.

[11:35] I would like to know what that secretary

[11:37] is doing that they get a salary of

[11:40] $300,000.

[11:42] I would like to ask the other employees

[11:44] at the other shell companies at Turning

[11:46] Point. Are you all making $300,000 a

[11:49] year? Because according to the

[11:51] financials, somebody is. Now, we don't

[11:54] know this for sure. These are just

[11:56] assumptions. But I am telling you that

[11:58] this is catching my eye as a red flag

[12:00] because these are astounding numbers for

[12:03] a nonprofit. $8.6 million mysteriously

[12:06] gets transferred into the shell company

[12:08] managed by Tyler Boyer and it is spent

[12:10] on this massively inflated salary

[12:13] expense. Again, maybe there is some kind

[12:16] of innocent explanation for this, but at

[12:19] some point we're going to need a lot of

[12:21] explanations.

[12:22] One of the board members for Turning

[12:24] Point is a guy named Tom Sedeka.

[12:27] Ironically, Tom Sedeka was the president

[12:29] and CEO of a payroll company. This is

[12:33] from a press release on the NASDAQ

[12:34] website. From 2003 to 2020, he ran

[12:38] Precision Payroll of America where he

[12:39] turned that company into a leader in the

[12:41] complex, highly regulated world of human

[12:44] resources and payroll processing. So,

[12:46] let's ask the payroll guy, Tom Sedaka.

[12:50] Do you see anything strange with these

[12:52] payroll numbers? Now, to understand the

[12:55] full picture, it's not just about where

[12:57] the money was going to, it's also where

[13:00] the money was coming from. When I was

[13:02] going through all the new financial

[13:04] information, I saw this chart and

[13:06] immediately I had a good idea of what

[13:09] was going on. This shows revenue going

[13:11] into turning point action and you can

[13:14] see a gigantic leap in revenues for

[13:16] FY24.

[13:18] It went from 10.7 million to 27.2

[13:21] million. That is over 150% increase in

[13:24] one year. An extraordinary achievement

[13:27] for a nonprofit.

[13:29] What is even more curious is when you

[13:31] put this chart side by side with

[13:33] TurningPoint USA. Turning point USA

[13:36] shows a 4% increase. Remember that

[13:39] Turning Point USA is the main

[13:41] organization with Charlie Kirk as

[13:42] president. Charlie Kirk works a lot less

[13:45] on Turning Point Action and Tyler Ber is

[13:47] the COO. Do you see what is happening?

[13:51] For some reason, in FY24, Turning Point

[13:54] got a ton of new donors. But these new

[13:57] donors went around Charlie Kirk and into

[14:00] the organization where Tyler Ber was the

[14:02] COO.

[14:04] It's almost like they did not want

[14:06] Charlie Kirk to know about it. Now, we

[14:10] don't know who these mysterious new

[14:11] donors are, but it looks like someone

[14:14] was trying to take over MAGA, and they

[14:16] were doing it behind Charlie Kirk's

[14:18] back. The timing of all of this is very

[14:21] important.

[14:22] FY24 represents the 12 months ending

[14:25] June 30th, 2024.

[14:28] Remember what was happening at this

[14:30] time.

[14:31] This period lines up almost exactly with

[14:33] the Republican primary for the 2024

[14:36] presidential election. January 15th,

[14:39] 2024, Trump wins the Iowa caucuses with

[14:42] 51% of the vote. March 5th, 2024, on

[14:45] Super Tuesday, Trump wins 14 of 15

[14:48] Republican contests. And on the

[14:50] following day, Nikki Haley drops out of

[14:53] the race. May 30th, 2024, Donald Trump

[14:56] was convicted of 34 felony counts in New

[14:59] York and it did nothing to reduce his

[15:01] popularity. So in FY24, it was becoming

[15:05] obvious that Donald Trump was the frontr

[15:07] runner in the presidential race. When

[15:09] Nikki Haley dropped out, you had all

[15:11] these rich and powerful donors who no

[15:13] longer had any influence over the

[15:15] Republican party. These donors had to

[15:18] come up with some new way to infiltrate

[15:20] MAGA.

[15:22] I think they went to Tyler Ber. You also

[15:25] have to remember how busy Charlie Kirk

[15:27] was at this time. He was racing all over

[15:30] the country trying to get Donald Trump

[15:32] elected.

[15:34] So if someone at Turning Point was

[15:35] working behind his back to steal money

[15:37] from the company, this would have been a

[15:39] really easy time to do that. But the

[15:42] problem with stealing is you can only

[15:44] get away with it for so long. Along

[15:47] comes the FY24 financial audit. We know

[15:50] from the audit letter that it was

[15:52] concluded on June 20th, 2025, a few

[15:55] months before Charlie Kirk was murdered.

[15:58] If someone was trying to hide financial

[15:59] information from Charlie Kirk, they

[16:01] probably could have gotten away with it

[16:03] until June 2025.

[16:05] Because what happens at the end of an

[16:07] audit is you review all the financial

[16:09] information. So, imagine this. A few

[16:12] months before Charlie Kirk's murder, he

[16:14] is sitting at his desk. He's looking at

[16:16] all the FY24 financials side by side and

[16:20] he starts to notice some things that are

[16:22] funny.

[16:23] I think Charlie Kirk started asking

[16:25] questions and I also believe this is

[16:28] what prompted the memo that he wrote 8

[16:30] days before he was murdered. In the

[16:33] memo, he appointed a new COO for Turning

[16:35] Point USA and requested a Doge style

[16:38] audit. Now, for legal reasons, I have to

[16:40] say that I do not have any evidence of a

[16:42] crime. We would need an investigation of

[16:44] the books at Turning Point to know for

[16:46] sure. What I am saying is that there are

[16:49] red flags in the financials at Turning

[16:51] Point and a lot of questions that need

[16:53] to be answered. The attorney general of

[16:56] Arizona is Chris Maize. She has

[16:58] jurisdiction over this situation. Chris

[17:01] Maize is most wellknown for trying to

[17:03] arrest the Trump electors in Arizona.

[17:06] That case fizzled out and did not go

[17:08] anywhere. But I have to wonder, is Chris

[17:12] May going to look into this? I am

[17:15] limited in what I can research because I

[17:17] don't have access to Turning Point's

[17:18] financials. But the attorney general has

[17:21] the authority to go in, look at their

[17:23] books, and start throwing people in

[17:25] jail. She is responsible for looking

[17:28] after the people of Arizona.

[17:31] Does it bother her that we have a state

[17:33] senator that is allegedly lying on his

[17:36] financial disclosure statement? Is she

[17:38] concerned that Turning Point is writing

[17:40] on their IRS form that they are sending

[17:42] $1.5 million to a parking lot? If she

[17:47] does not look into this, I would be

[17:49] concerned that she is in on the scam. If

[17:52] you watch my channel, you know that I am

[17:54] a huge fan of Charlie Kirk and it

[17:57] destroyed me when he was murdered.

[18:00] I want to remind you of a post that he

[18:02] made on X.com.

[18:04] He posted a video of James O'Keefe

[18:07] speaking at last year's America Fest.

[18:10] Charlie Kirk wanted us to hear these

[18:12] words. Telling the truth in times of

[18:15] universal deceit is a revolutionary act.

[18:18] It's hard. It's difficult. Even as we

[18:21] enter this new era, it will be

[18:23] difficult. And that's why the people who

[18:26] do that, the few, the very few, are so

[18:31] inspirational to us because they do it

[18:34] at great personal cost. And in the

[18:37] beginning of a fight, a charge, the

[18:41] patriot is a brave but rare man. But

[18:45] when his cause succeeds, the timid, the

[18:48] timid then join him. For at that point,

[18:51] it doesn't cost as much to do what he

[18:53] does. So in the beginning, we have these

[18:55] brave people that act as a catalyst for

[18:59] everybody else.

[19:00] >> Charlie Kirk wanted everyone to search

[19:02] for the truth. If someone at Turning

[19:06] Point betrayed Charlie Kirk and is

[19:08] stealing money from the organization, we

[19:10] should find out who that is, and we

[19:13] should do it for Charlie Kirk. Now, I

[19:16] want to hear from you. Do you think that

[19:18] something suspicious is going on at

[19:20] Turning Point USA? Let me know in the

[19:23] comments down below. And if you like

[19:25] this video, don't forget to hit that

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[19:37] For $6 a month, your support helps me to

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[19:42] everyone who has signed up. I'm Zach

[19:45] from Wolves and Finance. Thank you for

[19:47] watching.

[19:49] Yeah.

[19:52] [music]

[20:00] >> [music]