Atlanta Public School candidates for the Board of Education have filed their campaign disclosure report for the second quarter (see disclosure reports here). The big news is the size of contributions received by real estate developer and former BoE member Mark Riley who is challenging the incumbent and BoE Chair Reuben McDaniel; attorney Tom Tidwell, attorney Cynthia Briscoe Brown and concerned citizen Dave Walker for the At Large 8 seat. Also, see AJC article here.
Riley (AL-8) raised $98.7 thousand during the second quarter. In addition, Riley’s campaign received a loan in the amount of $14.7 thousand and, after campaign expenses, has $89.5 thousand in cash on hand as of September 30th. It is also notable that 28 donors made contributions totaling $66 thousand, or 67% of total amount raised. These donations amounted to an average of $2,357 per individual. The large contributors appear to be mainly current and retired members of the business community, including the James S, Balloun family ($4,000), the Arthur Blank family ($5,000), Bert Ellis ($2,500), the Alex Feidler family ($7,500), the Steve R. Hennessy family ($5,000), the J. Hicks Lanier family ($5,000) and the Bernard Marcus family ($5,000).
Attorney Tom Tidwell (AL-8) has raised $39.3 thousand to date and also loaned his campaign $20 thousand. After expenses, Tidwell has $36.3 of cash on hand as of September 30th. During the past quarter, the contributions received were primarily from smaller donors averaging approximately $195 each. In the prior quarter, Tidwell received $10,000 from four corporate donors.
McDaniel (AL-8), an investment banker and current BoE chair, has raised $23.8 thousand during the last two quarters and also received a $12.5 thousand loan. After expenses, McDaniel’s had
$23.8 $9.3 thousand of cash on hand as of September 30th. Special interest contributions of note include the Atlanta Federation of Teachers ($1,000) and the Greenberg Traurig law firm ($1,000). During the last quarter, the 33 contributors gave approximately $678 of cash and in-kind contributions per donor.
Attorney Cynthia Briscoe Brown (AL-8) raised $15.8 thousand since announcing her campaign at the beginning of the third quarter. After expenses, Brown has $5.3 thousand of cash on hand as of September 30th. Brown did not disclose the names
or number of donors contributing under $100, but she provided an estimate of 40, who along with the remaining 56 donors contributed an average of $164 each.
Concerned citizen Dave Walker did not file a campaign contribution report.
I will review the remaining races in a subsequent post.
[Follow me on Twitter @Financial_Decon]