[Lnc-business] [Statechairs] Monthly financial report

[Wes Benedict]

There has been a significant dip in revenue and membership counts, but 
our costs have been reasonably contained and we are in reasonably strong 
financial shape overall. Our Total Net Assets at the end of 2014 were 
the highest in the 43 year history of the party (I'm pretty sure), 
mostly due to a bequest received. Total Net Assets are a bit lower at 
the end of June 2015, at around 566,000. We are not sitting on a lot of 
unrestricted cash. Instead, we have at times specifically raised for the 
purpose of making extra payments on our mortgage, and we have chosen for 
strategic reasons not to direct a major bequest immediately to certain 
potentially available cash positions. One advantage of having low cash 
positions is that we're not likely to spend large amounts on too many 
big ticket wild projects.


*Pre-audit numbers for 2014. This will change a bit.

Perhaps not surprisingly, at times when we had record amounts in the 
form of cash in our accounts also while I was serving as executive 
director, you probably also heard plenty of gloom and doom analyses.

I expect membership to drift down further a bit for July and August, 
then to recover. Revenue for July is strong, and I expect revenue to 
continue to be strong in the short term if the Chair and Ballot Access 
Committee Chair continue to have success fundraising.

I have hired someone as reported recently to help me with the messaging 
in the fundraising efforts. That may pay off. It will take time to find 
out.

If any LNC members would like to help with fundraising phone calls, we 
can give you a list to work from. It's not easy, but works.

Wes Benedict, Executive Director
Libertarian National Committee, Inc.
*New address: 1444 Duke St., Alexandria, VA 22314*
(202) 333-0008 ext. 232, wes.benedict at lp.org
facebook.com/libertarians @LPNational
Join the Libertarian Party at: http://lp.org/membership

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