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Financial Report: Nebulous Business Paid Stacey Abrams $150K Since 2021

stacey abrams

Stacey Abrams is the Democratic gubernatorial candidate in Georgia. (Joe Raedle/Getty Images)

By    |   Wednesday, 24 August 2022 05:58 PM EDT

A nebulous business paid Georgia gubernatorial candidate Stacey Abrams $150,000 from 2021 until March of this year, Abrams' March financial disclosure form shows.

According to the form, filed with the state of Georgia on March 15, Abrams is listed as both a board member and shareholder in the Dream Project Partners Inc. firm, which is based in Delaware and is involved in "developing a culturally competent technology platform for entrepreneurs."

In addition to receiving $50,000 from the company in 2021 and $100,000 from January through March of this year, Abrams also reported an ownership interest worth more than $5,000, the disclosure document said.

According to Bizpedia, the limited liability corporation filed its founding documents in Delaware on June 21, 2021, but the company apparently does not have a website that details its operations or provides basic company information.

A former state legislator in Georgia, Abrams also ran for governor of the state in 2018, losing a close election that raised her national profile.

On her website, Abrams said she is a "Yale-trained tax attorney" and the co-founder of NOW Account, a financial services business helping small businesses in Georgia access capital and grow their operation.

She also is the CEO of Sage Works Productions, a production company that is working on projects with CBS Studios and NBC/Universal, according to her site.

Her disclosure form also lists ownership interests in two other corporate entities in Georgia, Davis Hall LLC and Hall Davis LLC.

Hall Davis was formed in Georgia in January 2021, while Davis Hall was created in the state in February 2011, according to Bizpedia.

Aside from the corporate records and public information, little more is available online about these entities.

In the disclosure document, Abrams listed Davis Hall as a "personal office" and Hall Davis as a "general business." Her duties for both are listed as "management."

The disclosure form lists her net worth at more than $3.1 million as of March, with assets of more than $4.2 million, including more than $1.8 in residential real estate properties and more than $1.3 million in "other assets."

Those include some $700,000 in securities and more than $300,000 in cash on hand and in banks.

According to the document, Abrams has earned the bulk of her money since 2019 from writing books, bringing in hundreds of thousands from The Loewenthal Company, a literary agent.

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A nebulous business paid Georgia gubernatorial candidate Stacey Abrams $150,000 from 2021 until March of this year, Abrams' March financial disclosure form shows.
abrams, money, georgia, corporations, delaware
395
2022-58-24
Wednesday, 24 August 2022 05:58 PM
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