[Lnc-business] What is joint fundraising, as the FEC defines it?

[Alicia Mattson]

I think people who have spoken in favor of this like the IDEA of a
fundraising event, but I am concerned that we have a pretty poor track
record of actually making profits on our fundraising events...at least for
the ones I'm aware of.

The David Nolan memorial building fundraising dinner held in December 2011
in Las Vegas lost money, though the LNC was told it broke even.

How much money was raised at the grand opening event last September?
Looking at September financials, it looks like we spent $634.80 on that
event, rather than $400, but can the Treasurer provide us actual figures
for what was raised that night?  It sounds nice to say "we probably could
have raised $10,000 if we had done things differently", but that's just a
number pulled out of the air, not a hard fact.

The LNC should always get an event P&L for every fundraising event we do.
If we're losing money at it, we should stop doing them.

-Alicia



On Fri, Apr 3, 2015 at 6:49 PM, LP <wes.benedict at lp.org> wrote:

> Robert tells me we spent $400 on the last party so spreading risk is
> unnecessary.
>
> In fact , I'd like to up the food quality.
>
> Probably will cost less than the Phoenix Friday night party. Because we
> will have it at our own office. In fact, if it's an issue, I'll raise all
> the funds to cover the cost of the event before the event.
>
> On Apr 3, 2015, at 8:57 PM, "Scott L." <scott73 at earthlink.net> wrote:
>
>  Sorry – I hit send too early.
>
>
>
> If say, the LP’s of DC, MD, and VA want to help sponsor the fundraiser at
> our upcoming LNC Session, that might spread out some of the risk.  For
> example, if the LP *can* use the FEC rules for joint fundraising, the LP
> of Virginia could sponsor the alcohol, the LP of Maryland the food, and the
> LP of DC could sponsor the videotaping.
>
>
>
>    Scott Lieberman
>
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