Karama Neal
Administrator for the Rural Business-Cooperative Service (Departed Administration)
Estimated Net Worth
- $717 K - $1.9 M
Salary
- Unknown
Employment
- Started 04/05/2021
Departed Administration
- Yes
Records
Financial Disclosure Details - OGE Form 278e (04/16/2022)
Positions Held Outside United States Government
# | Organization | City | Position | To |
|---|---|---|---|---|
1 | Little Rock, Arkansas | President | 4/2021 | |
2 | Little Rock, Arkansas | Board member | 3/2021 | |
3 | Winston Salem, North Carolina | Board member | 3/2021 | |
4 | Little Rock, Arkansas | Principal | Present | |
5 | Little Rock, Arkansas | Board member | 3/2021 | |
6 | Little Rock, Arkansas | Commissioner | 3/2021 |
Employment Assets & Income and Retirement Accounts
# | Description | Value | Income Type | Income Amount |
|---|---|---|---|---|
1 | Ife Opportunity dba Neal Firm | Salary | $1,827 | |
1.1 | Georgia Initiative for Community Housing | Consulting fee | $1,750 | |
1.2 | sheet music sales | None (or less than $1,001) | None (or less than $201) | |
1.3 | Heirs Property Information Project | None (or less than $1,001) | None (or less than $201) | |
2 | Mary Reynolds Babcock Foundation | Board service fees - Feb 2021. | $1,000 | |
3 | Southern Bancorp Community Partners | Salary | $99,480 | |
4 | Southern Bancorp Community Partners 401(k) | None (or less than $201) | ||
4.1 | Newport Group - FIT BALANCED PORTFOLIO CLASS B | $100,001 - $250,000 | None (or less than $201) | |
4.2 | Newport Group - FIT GROWTH PORTFOLIO CLASS B | $250,001 - $500,000 | None (or less than $201) | |
4.3 | Newport Group - SOUTHERN BANCORP STOCK ESOP FUND | $1,001 - $15,000 | None (or less than $201) |
Employment Agreements and Arrangements
# | Employer Or Party | City | Status And Terms | Date |
|---|---|---|---|---|
1 | Little Rock, Arkansas | I will continue to participate in this defined contribution plan. The plan sponsor will not make further contributions after my April 2, 2021, separation nor will I make additional principal contributions. | 1/2009 |
Sources of Compensation Exceeding $5,000 in a Year
# | Source | City | Duties |
|---|---|---|---|
Nothing reported in this section | |||
Spouse's Employment Assets & Income and Retirement Accounts
# | Description | Value | Type | Amount |
|---|---|---|---|---|
1 | Pulaski County Special School District | salary | ||
2 | Arkansas Teacher Retirement System Defined Benefit Plan (Value not readily ascertainable) | $15,001 - $50,000 | None (or less than $201) | |
3 | Arkansas Diamond Deferred Compensation Plan | $1,001 - $15,000 | None (or less than $201) | |
3.1 | BlackRock Low Duration | None (or less than $1,001) | None (or less than $201) | |
3.2 | Baird Core Plus | None (or less than $1,001) | None (or less than $201) | |
3.3 | Loomis Sayles Global Fund | None (or less than $1,001) | None (or less than $201) | |
3.4 | Lord Abbett High Yield | None (or less than $1,001) | None (or less than $201) | |
3.5 | Dodge & Cox Stock | None (or less than $1,001) | None (or less than $201) | |
3.6 | PGIM Jennison Growth Fund | None (or less than $1,001) | None (or less than $201) | |
3.7 | JP Morgan mid cap value | None (or less than $1,001) | None (or less than $201) |
Other Assets and Income
# | Description | Value | Type | Amount |
|---|---|---|---|---|
1 | Bank account S (Cash) | $15,001 - $50,000 | None (or less than $201) | |
2 | Bank account R (Cash) | $50,001 - $100,000 | None (or less than $201) | |
3 | Bank account W (Cash) | $1,001 - $15,000 | None (or less than $201) | |
4 | Bank account U (Cash) | $1,001 - $15,000 | None (or less than $201) | |
5 | Rental property | $100,001 - $250,000 | Rent or Royalties | $5,001 - $15,000 |
6 | Rental property | $100,001 - $250,000 | Rent or Royalties | $5,001 - $15,000 |
7 | Wells Fargo Investment Account | $15,001 - $50,000 | None (or less than $201) | |
7.1 | SHFVX - Leg Msn Clrbrdg Fndmtn A | $15,001 - $50,000 | None (or less than $201) | |
7.2 | IAAAX - Trans Amer A/A Growth | $1,001 - $15,000 | None (or less than $201) | |
7.3 | SHRAX - Legg Masn Clrbrdg Agg A | $1,001 - $15,000 | None (or less than $201) |
Transactions
# | Description | Type | Date | Amount |
|---|---|---|---|---|
1 | sale of rental property | Sale | 07/20/2021 | $100,001 - $250,000 |
Liabilities
# | Creditor | Amount | Incurred | Term |
|---|---|---|---|---|
1 | M&T Mortgage | $10,001 - $15,000 | 2000 | 30 years |
Gifts and Travel Reimbursements
# | Source Name | City | Description | Value |
|---|---|---|---|---|
Nothing reported in this section | ||||
Endnotes
Section | # | Description |
|---|---|---|
1 | 4 | Though registration materials remain active, as of April 2021, the Neal Firm is on indefinite hiatus and is not accepting clients. |
2 | 1 | Ife Opportunity is still listed as active but has been on hiatus since April 1, 2021, and is not accepting clients for the foreseeable future. |
2 | 1.2 | Sales of sheet music for arrangements and original compositions. |
2 | 1.3 | As of April 1, 2021, the Heirs Property Information Project no longer sells any products. All resources are available free of charge. |
2 | 3 | Employment with Southern Bancorp Community Partners ended on April 2, 2021. |
5 | 2 | Defined benefit plan of the Arkansas Teacher Retirement System. |
5 | 3 | There are 12 underlying assets, none of which has a value of more $254.64. |
6 | 5 | Home in Stone Mountain, GA. Sold in 2021. |
6 | 6 | Home in Little Rock, AR. |
8 | 1 | Mortgage was paid off in 2021. |
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