Stacey Abrams' Charity Has Misplaced Half a Million Dollars, Qualifying for a Federal Investigation
By Brandon Morse | 4:30 PM on February 17, 2023
Twice-failed Georgia gubernatorial candidate Stacey Abrams’ charity New Georgia Project seems to be missing over $500,000, which is enough to get both state and federal investigators involved in the matter.
According to the Washington Free Beacon, tax filings from 2021 show that certain sums of money were claimed to have gone to a secondary charity called the Black Male Initiative, but it never got there– according to the charity itself. Even more suspicious is the blood relation between New Georgia Project and Black Male Initiative:
The New Georgia Project filed its 2021 Form 990 financial disclosure in January, two months after the form was due to the IRS, and three months after the charity’s board chairman fired CEO Nse Ufot, Abrams’s hand-picked leader for the group. In the disclosure, the New Georgia Project reports a $533,846 consulting payment and a $67,500 grant to the Black Male Initiative, an obscure charity run in part by Ufot’s brother, Edima, a former New Georgia Project employee.
But the Black Male Initiative says it never received any such consulting payment. The group provided the Washington Free Beacon with its IRS financial disclosures, which show it collected $0 in consulting income and just $255,000 in contributions from all sources in 2021.
This discovery by the Washington Free Beacon is accompanied by many other discrepancies such as the fact that in 2020, the group’s financial disclosures showed it paid zero dollars in payroll taxes that year, something that non-profit attorney Alan Dye says is impossible.
“I have no idea how a charity can have 173 paid employees and pay no payroll taxes. It’s just not possible,” said Dye. “I can’t answer that question. There should be no excuse for that.”
Things get a little weirder in 2021, when it comes to compensation figures as well:
The charity claimed on its 2021 Form 990 that it paid out $5,671,892 in total compensation that year for 105 employees, and that it paid $19,142,227 on salaries the previous year. But forms filed in 2020 say the group paid just $1,914,227 on salaries for 173 employees, a discrepancy of more than $17 million. It is unclear which form, if any, gives the accurate compensation figure for 2020.
This is hardly the first time alarm bells were raised about the financials of the New Georgia Project. Former senior staffers accused the leadership of “rampant financial misconduct,” according to the Free Beacon. On top of that, Georgia’s state ethics commission claims that the group tried to illegally help get Abrams elected in 2018.
“This is something that the Internal Revenue Service should be interested in,” Dye told the Free Beacon, “particularly with the added element of the former officer possibly pocketing the money.”
Needless to say, there are more than a few oddities with Abrams’ charity and it looks like if state and federal investigators were to dig into it, they may very well find some very seriously problems with the charity and many things connected to it.
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