HomePoliticsREPORT: Half A Million Dollars Missing At Stacey Abrams Charity

REPORT: Half A Million Dollars Missing At Stacey Abrams Charity

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Since corrupt President Barack Obama’s IRS assistant, Lois Lerner, granted nonprofit and charity status to every radical leftist- the United States of America has had a shadow government problem with groups of Marxists acting as Non-Governmental Organizations (NGOs) because they have unimaginable wealth and power over voting Americans.

This week, one of the major Marxists, Abrams, has made news for troubles with her foundation. Her most recent tax returns prompted legal experts to call on the IRS to investigate Abrams’s New Georgia Project, which aims to turn Georgia blue.

Stacey Abrams, the twice-failed Georgia gubernatorial candidate, has a knack of making people obey her and her unscrupulous political plans as if she were a one-woman mafia. For the Free Beacon, Andrew Kerr and Joseph Simonson reported on Abrams’ problems, including information on the enormity of Abram’s seizure of the American Republic and the American people.

“Over half a million dollars is missing from the New Georgia Project, a discrepancy 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, the pair wrote.

It suggests there’s turmoil in the socialist utopia.

More specifically, the outlet stated:

“But the Black Male Initiative 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. The Free Beacon reported in November that the New Georgia Project was in turmoil as former senior staff accused the group’s leadership of engaging in rampant financial misconduct. And Georgia’s state ethics commission alleges that the group illegally worked to elect Abrams during her failed 2018 gubernatorial bid.”

“This is something that the Internal Revenue Service should be interested in,” Alan Dye, a nonprofit attorney, told the Free Beacon, “particularly with the added element of the former officer possibly pocketing the money.”

“Something’s rotten in the state of Denmark,” Dye noted, saying that deliberately filing a false declaration with the federal government is a felony.

The $533,000 missing is not the only anomaly on the New Georgia Project’s tax papers, which contain information that accountants say is “simply not feasible.” According to the group’s 2020 financial declaration, for example, the New Georgia Project paid no payroll taxes that year.

“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.”

More on this story via The Republic Brief:

There is also massive fluctuation in the annual compensation figures. 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. If the $1.9 million figure is accurate for 2020, that would mean pay skyrocketed even as the number of staffers fell in 2021. CONTINUE READING…

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