For December 2023, the LNC raised $145,670 (this number includes convention income) and spent $102,971. Debts and obligations of the LNC at the end of the month were $17,497. Cash on hand at the end of December came to $270,463.
The total income for the year came to $1,222,313.
In December there were over 900 donors, including 13 who gave $1000 or more. The largest single donation was for $1672.
Affiliates and candidates were supported. LP North Dakota received $3500. Voter Gravity received $3000. LPCA received $940. Extra Space received $345.
Legal Fees to Corporation Service Company of Delaware were $898.
Money was raised. Travel, Meetings and Meals to Renaissance Clubsport of Aliso Viejo, CA was $10,687. Printing and Copying was $4368. In support, merchandise and general came to $1360. Postage and shipping was $702. Staff Travel was $388.
Credit Card Payments amounted to $19,742. Credit card fees to Authorize, PayPal, and Stripe amounted to $5718. To keep track of money, there were accounting services. For December, All in One Accounting was given $6659. Bank Fees were $278. PNC Corporate Account Analysis received $143.
There is a building. Software, hardware and other IT, unspecified locations, cost $9422. Telephone and data services cost $988. Power cost $913. Cleaning came to $210. Security monitoring cost $77.
The LNC has employees and contractors. Employee net pay was $24,534 to eight people, including Andrew Buchovich, Matthew Butts, Canyon Gargon, Andrew Hreha, Hannah Kennedy, Iris Poole, Matthew Thexton, and Joshua Troxell. Of the employees, three are in Texas, two are in Pennsylvania, one is in California, one is in Colorado, and one is in Virginia. Medicare, Medical insurance, and LP 401K contributions came to $5770. Social Security was $3812 .Federal Withholding and Unemployment was $2736. Texas Unemployment was $574. Virginia withholding was $448. Pennsylvania withholding was $290. Colorado withholding was $186. Texas SUI was $178. Payroll Processing was $857.
The branding contractor, Austin Padgett, received $4445. Web and IT Consulting (Matthew Hudson) was $4200. Brian McWilliams received $1000 for public relations. For Civi Database Management, David Aitken received $335. Advertising Contractor Dylan Allman received $626, while Twitter received $200.
I am surprised by the 7.2 million for the year 01~02. Why was it so much larger that year compared to all others? I was a member then but I don’t recall mentions of this huge amount.
That’s a typo. It’s $4.2 million, not $7.2, according to FEC.gov.
Is Austin Padgett, the Chair’s domestic partner, still the highest paid individual?
No. He’s less than Cannon Lee Gargon $4735.65 or Hannah Kennedy $4832.07, and these two have social security,medicare, health insurance, and perhaps 401K.
Reminder: The Chair & other officers of the LNC continue to be in direct violation of DC Non-profit Code – in particular:
Standards of Conduct (D.C. Code §§ 29-406.30, 406.32, 406.42, 406.70, 406.80)
An individual director or officer must discharge his or her duties in good faith, in a manner that he or she reasonably believes is in the best interests of the corporation, and with either the care that a person in a like position would reasonably believe appropriate under similar circumstances (directors) or with the care an ordinarily prudent person in a like position would exercise under similar circumstances (officers).
Conflicted Interest Transactions. Transactions between the corporation and any director, officer, or member having an interest in the transaction shall not be void or voidable solely for that reason, provided the transaction is fair to the corporation at the time it is authorized or provided the material facts as to the relationship or interest are disclosed and the transaction is then approved in good faith by vote of the disinterested directors or the members.
Business Opportunities. A director may avoid liability for taking for himself, directly or indirectly, a business opportunity in which the nonprofit corporation may be interested, provided the director first brings the opportunity to the corporation’s attention and the corporation disclaims its interest in the opportunity pursuant to the procedures for a conflicted interest transaction (i.e., the material facts as to the relationship or interest are disclosed and the opportunity is disclaimed in good faith by vote of the disinterested directors or the members).
Also, the notification/vote must come BEFORE the action NOT after. Perhaps Mr. Trump can make room in his Federal Jail Cell to share with a few members of the LNC?
How does the $1.2million compare to previous years?
https://www.fec.gov/data/committee/C00255695/?cycle=2024#total-raised
Paired years, rounding down to nearest 100k, not adjusted for inflation, as reported to/by the FEC follow.
’21-22 combined : 4.3 mil
19-20 combined : 4.1 mil
17-18 combined : 3.4 mil
15-16 : 3.7
13-14 : 2.7
11-12 : 3.0
09-10 : 2.6
07-08 : 3.1
05-06 : 2.6
03-04 : 3.9
01-02 : 7.2
99-00 : 6.0
97-98 : 4.3
95-96 : 3.2
93-94 : 1.6 <- worse than double '23 income, before accounting for inflation. Roughly 3.2mil in '23 dollars.
91-92 : 1.2 <- worse. Par after inflation.