[Lnc-business] [COC 2018-20] March End-of-Month Financial Reports
Tim Hagan
tim.hagan at lp.org
Sat May 2 11:30:44 EDT 2020
I'd have to dig up the breakdown, but I remember the convention theme
contest was a vast majority of the $31,291 of unrestricted
convention-related donations. The rest of the convention-related
donations included things like if a member gave $1k to help with the A/V
and they also could be asked to be refunded.
---
Tim Hagan
Treasurer, Libertarian National Committee
On 2020-05-02 00:45, Caryn Ann Harlos via Lnc-business wrote:
> 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
>>> >
>>>
>>
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