Karama Neal
Administrator for the Rural Business-Cooperative Service
Estimated Net Worth
  • estimated net worth
    $717 K - $1.9 M
Salary
  • salary
    Unknown

Financial Disclosure Details - OGE Form 278e (04/16/2022)

Positions Held Outside United States Government

#
Organization
City
Position
To
1
Southern Bancorp Community Partners
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
Southern Bancorp Community Partners 401(k)
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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