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From the AIM report, Reds Exploiting Blacks: The Roots of Black Lives Matter, here is a more extensive blurb on the Marxist/Maoist foundation of BLM:

BLM launched in 2013 with a Twitter hashtag, #BlackLivesMatter, after neighborhood watchman George Zimmerman was acquitted in the Trayvon Martin killing. Radical Left activists Alicia Garza, Patrisse Cullors and Opal Tometi claim credit for the slogan and hashtag. Following the Michael Brown shooting in August 2014, Dream Defenders, an organization led by Working Families Party (ACORN) activist and Occupy Wall Street anarchist Nelini Stamp, popularized the phrase “Hands Up–Don’t Shoot!” which has since become BLM’s widely recognized slogan.
Garza, Cullors and Tometi all work for front groups of the Freedom Road Socialist Organization (FRSO), one of the four largest radical Left organizations in the country. The others are the Communist Party USA (CPUSA), Democratic Socialists of America (DSA), and the Committees of Correspondence for Democracy and Socialism (CCDS). Nelini Stamp’s ACORN—now rebranded under a variety of different names—works with all four organizations, and Dream Defenders is backed by the Service Employees International Union (SEIU), the ACLU, the Southern Poverty Law Center and others.
FRSO is a hereditary descendant of the New Communist Movement, which was inspired by Mao and the many communist revolutions throughout the world in the 1960s and 1970s. FRSO split into two separate groups in 1999, FRSO/Fight Back and FRSO/OSCL (Freedom Road Socialist Organization/Organizaci?n Socialista del Camino para la Libertad). Black Lives Matter and its founders are allied with the latter group. Future references to FRSO in this article refer to FRSO/OSCL.
FRSO is comprised of dozens of groups. The radical Left model is based on alliances of many organizations that are working on separate issues but dedicated ultimately to the same thing: overthrowing our society in order to replace it with a hardcore socialist (read communist) one.
The goal is to present the appearance of a formidable mass of organizations. Some are large, but many are little more than a website or Facebook page. When necessary, they can all come together to promote the cause du jour. The deaths of Trayvon Martin, Michael Brown and others were mere pretexts for socialist agitation. The real enemy is “the system.” This is why the BLM crowd denies the facts of those cases. As Stamp has said, “we are actually trying to change the capitalist system we have today because it’s not working for any of us.”
BLM is one of many projects undertaken by the FRSO. Except for the website, blacklivesmatter.com, there is no actual organization. The website implicitly acknowledges this, describing #BlackLivesMatter as “an online forum intended to build connections between Black people and our allies to fight anti-Black racism, to spark dialogue among Black people, and to facilitate the types of connections necessary to encourage social action and engagement.”