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.
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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.”
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The missing $533,000 is not the only discrepancy on the New Georgia Project’s tax forms, which contains information that accountants say is “just not possible.” The group’s 2020 financial disclosure, for example, states that the New Georgia Project paid zero dollars in 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.”