Will Stacey Abrams’ nonprofit, “New Georgia Project,” be able to weather the impending legal storm without incurring significant financial costs?
A troubling disparity involving a sum of $500,000 mysteriously missing from the group’s accounts has been revealed by a recent investigation. Could this be a sign that something evil is going on?
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Being generous can be dangerous. Since nobody wants their donations to be carelessly handled, charities are held to a higher standard and are required to manage every dollar carefully.
The Washington Free Beacon broke this story:
Stacey Abrams Charity Has a $500,000 Problem In Its Latest Tax Filing
Over half a million dollars is missing from the New Georgia Project, a discrepancy which experts say is grounds for state and federal investigations into the Stacey Abrams-founded group and the woman Abrams tapped to run it.
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.
The ethical questions raised by the missing money are the latest stumbling block for the embattled charity.
This does not look good.
With her substantial media following, Abrams offers an intriguing dynamic. She can count on press coverage as long as they continue to support Democrats because she is one of their favorites.
