[Lnc-business] [COC 2018-20] March End-of-Month Financial Reports

Sat May 2 03:45:16 EDT 2020

How much was raised in the convention theme contest?

*In Liberty,*

* Personal Note:  I have what is commonly known as Asperger's Syndrome
(part of the autism spectrum).  This can affect inter-personal
communication skills in both personal and electronic arenas.  If anyone
found anything offensive or overly off-putting (or some other social faux
pas), please contact me privately and let me know. *

On Sat, May 2, 2020 at 1:44 AM Caryn Ann Harlos <caryn.ann.harlos at lp.org>
wrote:

> Sounds pretty disastrous.  Of course some people will allow the Party to
> keep the funds.  But that cannot be counted on.
>
> *In Liberty,*
>
> * Personal Note:  I have what is commonly known as Asperger's Syndrome
> (part of the autism spectrum).  This can affect inter-personal
> communication skills in both personal and electronic arenas.  If anyone
> found anything offensive or overly off-putting (or some other social faux
> pas), please contact me privately and let me know. *
>
>
>
> On Sat, May 2, 2020 at 12:54 AM Alicia Mattson via Lnc-business <
> lnc-business at hq.lp.org> wrote:
>
>> Have we not yet received the Omni deposit back?  If we have, it would
>> already be in the cash balance.
>>
>> Other past banquet fundraising figures I have are:
>> 2008 - $61,961
>> 2010 - $61,750
>> 2012 - $38,074
>> 2014 - $23,029
>> 2016 - $105,961
>> 2018 - $58,160
>>
>> -Alicia
>>
>>
>> On Fri, May 1, 2020 at 8:00 PM Tim Hagan via Conventions <
>> conventions at hq.lp.org> wrote:
>>
>> > I got corrected by COC members. If the convention is canceled,
>> > Convention Theme Contest donors and other unrestricted
>> > convention-related donations could ask for rebates. This amounts to
>> > $31,291. If 90% ask for refunds, another $28,162 would need to be taken
>> > from the unrestricted funds to pay for the refunds.
>> >
>> > The 2016 Banquet/Gala fundraising raised $105,961. I don't have the
>> > amount raised for other presidential-election years handy.
>> >
>> >
>> > ---
>> > Tim Hagan
>> > Treasurer, Libertarian National Committee
>> >
>> > On 2020-05-01 18:45, Sam Goldstein wrote:
>> > > Tim,
>> > >
>> > > Thanks for the concise summary of our current financial position in
>> > > regards to the convention.  Alternatively, can you also let us know
>> > > how much was raised at the past several POTUS Convention
>> > > Banquets/Galas that we would forego if we don't have an in person
>> > > convention?
>> > >
>> > > Live Free,
>> > >
>> > > ---
>> > > Sam Goldstein, At Large Member
>> > > Libertarian National Committee
>> > > 317-850-0726 Cell
>> > >
>> > > On 2020-05-01 21:20, Tim Hagan wrote:
>> > >> Convention Packages, Gala, Suites & Room Rentals, Welcome Committee,
>> > >> and Training Revenues are $302,942.
>> > >>
>> > >> Assuming 90% will need to be refunded, the LNC would need $272,648 to
>> > >> pay the refunds.
>> > >>
>> > >>
>> > >> The LNC should get back the deposits paid for the event at the Omni
>> > >> and for audio/video if its contract is terminated under the force
>> > >> majeure clause.
>> > >>
>> > >> Convention Funds in Restricted Acct: $209,130
>> > >> Refund from A/V Vendor:               $40,000
>> > >> Refund from the Omni:                  $3,500
>> > >>                                       =======
>> > >> Total Funds and refunds available:   $252,630
>> > >>
>> > >>
>> > >> The LNC will need another $20,018 to pay the refunds. This would have
>> > >> to come from the unrestricted accounts, which have $66,300 available.
>> > >>
>> > >>
>> > >> Please note:
>> > >>
>> > >> If an in-person convention is not held, we will need to pay any costs
>> > >> for an on-line convention or polling of the delegates, and that would
>> > >> need to come out of the unrestricted funds.
>> > >>
>> > >> Unlike package sales or room rentals, donors to the Convention Theme
>> > >> Contest were not expecting to get goods or services in return. This
>> > >> analysis assumes donations to the Convention Theme Contest will not
>> be
>> > >> refunded.
>> > >>
>> > >> ---
>> > >> Tim Hagan
>> > >> Treasurer, Libertarian National Committee
>> > >>
>> > >> On 2020-04-27 16:12, Sam Goldstein wrote:
>> > >>> Mr. Hagan,
>> > >>>
>> > >>> Assuming we do not have a National Convention this year and 90% of
>> > >>> all
>> > >>> convention revenue to date is refunded to the contributors, what
>> > >>> would
>> > >>> be the financial impact on the party?  Are there adequate funds in
>> > >>> the
>> > >>> Convention Restricted account as of April 27, 2020 to pay those
>> > >>> refunds?  If not where will the additional money come from to take
>> > >>> care of those liabilities?
>> > >>>
>> > >>> I would appreciate answers to these questions prior to the LNC
>> > >>> meeting
>> > >>> scheduled for May 2nd at Noon Eastern Time.
>> > >>>
>> > >>> Thanks and
>> > >>>
>> > >>> Live Free,
>> > >>>
>> > >>> ---
>> > >>> Sam Goldstein, At Large Member,
>> > >>> Libertarian National Committee
>> > >>> Convention Oversight Committee
>> > >>> 317-850-0726 Cell
>> > >>>
>> > >>> On 2020-04-27 18:54, Tim Hagan via Lnc-business wrote:
>> > >>>> The March End-of-Month Financial Reports are attached. Membership
>> > >>>> dues
>> > >>>> and donations are a under budget by $24,773 and $88,899
>> respectfully
>> > >>>> for
>> > >>>> the year-to-date.
>> > >>>>
>> > >>>> The way things have shifted during the past month and a half, I
>> > >>>> expect
>> > >>>> that eventually we may need to shift money from Ballot Access
>> > >>>> petitioning to Litigation.
>> > >>>>
>> > >>>> ---
>> > >>>> Tim Hagan
>> > >>>> Treasurer, Libertarian National Committee
>> > _______________________________________________
>> > Conventions mailing list
>> > Conventions at hq.lp.org
>> > http://hq.lp.org/cgi-bin/mailman/listinfo/conventions
>> >
>>
>