2019 annual report - libertarian party · 60-candidate, campaign & initiatives 6,804 36,948...
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2 0 1 9 A N N U A L R E P O R T
The Party of PrincipleTM
Statement of Operations - 2015-2019Jan - Dec 15 Jan - Dec 16 Jan - Dec 17 Jan - Dec 18 Jan - Dec 19 *
Support and Revenue
20-Membership Dues 368,632 807,450 554,688 583,297 622,486
21-Donations 148,383 678,905 331,671 299,029 135,938
22-Recurring Gifts 323,457 350,931 360,045 360,199 366,141
23-BoardSolicitation MajorGifts 73,400 0 53,613 58,932 136,640
24-Convention Revenue 0 291,294 0 280,892 0
25-Project Program Revenue 24,206 16,210 89,024 75,178 131,753
26-Brand Dev / Pol Materials Rev 30,360 316,269 61,902 67,852 68,660
27-BallotAccess Donations 135,292 149,819 130,474 46,453 36,543
28-Publications Materials Other 13,967 15,186 6,344 210 2,045
29-Other Revenue 55 216 627 1,395 1,127
Total Support and Revenue 1,117,752 2,626,279 1,588,388 1,773,437 1,501,331
Cost of Support and Revenue
32-Fundraising Costs 101,756 200,978 182,755 157,448 141,446
33-Membership Fundraising Costs 95,903 130,127 207,658 215,349 121,796
35-Convention 0 218,607 0 275,604 0
36-Ballot Access Fundraising Exp 22,828 5,830 9,732 9,201 1,468
37-Building Fundraising Exp 81 1,175 101 60 3,734
Total Cost of Support and Revenue 220,568 556,716 400,246 657,662 268,442
Net Support Available for Programs 897,184 2,069,563 1,188,142 1,115,775 1,232,889
Program Expense
40-Adminstrative Costs 250,040 354,120 355,873 327,361 305,261
45-Compensation 411,146 493,070 507,556 535,335 483,192
50-Affiliate Support 18,737 45,026 55,356 58,149 59,843
55-Brand Dev / Pol Materials 40,796 368,331 73,924 50,663 46,725
58-Campus Outreach 732 0 750 0 75
60-Candidate, Campaign & Initiatives 6,804 36,948 18,513 103,222 87,310
70-BallotAccess Petitioning Related Exp 107,502 393,092 130,818 148,173 0
75-Litigation 1,839 11,508 5,153 4,414 19,783
80-Media 145 5,367 10,313 31,078 13,242
85-Member Communication 39,396 81,340 61,035 50,484 29,745
88-Outreach 4,541 6,169 6,027 8,361 7,155
90-Project Program Other 7,261 0 10,520 4,927 2,743
Total Program Expense 888,939 1,794,972 1,235,838 1,322,167 1,055,073
Net Operating Surplus (or Deficit) 8,245 274,591 -47,696 -206,392 177,815
* 2019 Pre-Audit (all other years reflect post audit)
Statement of Operations 2015-2019
The Party of PrincipleTM
Libertarian National Committee, Inc.Balance Sheet Summary 2015-2019
Dec 31, 15 Dec 31, 16 Dec 31, 17 Dec 31, 18 Dec 31, 19 *
ASSETS
Current Assets
Checking/Savings
11 · Cash (71,383.25) (239,851.37) (156,280.56) (13,728.12) (217,236.43)
Total Checking/Savings (71,383.25) (238,547.92) (156,280.56) (13,728.12) (217,236.43)
Other Current Assets
13 · Other Current Collectables (33,400.00) (33,900.00) (68,800.00) (72,000.00) (48,564.65)
16 · Prepaid Expenses (21,819.39) (27,898.58) (37,003.37) (3,860.77) (13,565.88)
Total Other Current Assets (55,219.39) (63,102.03) (105,803.37) (75,860.77) (62,130.53)
Total Current Assets (126,602.64) (301,649.95) (262,083.93) (89,588.89) (279,366.96)
Fixed Assets
17 · Fixed Assets (878,969.11) (862,263.78) (837,998.01) (838,857.26) (860,722.87)
Total Fixed Assets (878,969.11) (862,263.78) (837,998.01) (838,857.26) (860,722.87)
Other Assets
18 · Non Current Collectables (168,492.08) (132,922.96) (141,692.57) (69,160.69) (25,229.93)
Total Other Assets (168,492.08) (132,922.96) (141,692.57) (69,160.69) (25,229.93)
TOTAL ASSETS (1,174,063.83) (1,296,836.69) (1,241,774.51) (997,606.84) (1,165,319.76)
LIABILITIES & EQUITY
Liabilities
Current Liabilities
Accounts Payable
21 · Accounts Payable (0.00) (0.00) (138.02) (119,746.05) (14,222.01)
Total Accounts Payable (0.00) (0.00) (138.02) (119,746.05) (14,222.01)
Other Current Liabilities
24/25 · Accrued Expenses (35,119.34) (69,417.56) (57,689.88) (28,017.96) (23,382.70)
27 · Deferred Liabilities (44,921.00) (0.00) (101,728.00) (10,250.00) (217,987.00)
Total Other Current Liabilities (80,040.34) (69,417.56) (159,417.88) (38,267.96) (241,369.70)
Total Current Liabilities (80,040.34) (69,417.56) (159,555.90) (158,014.01) (255,591.71)
Long Term Liabilities
28 · Long Term Liabilities (23,758.35) (17,357.24) (10,698.01) (3,764.91) (0.00)
29 · Loans & Mortgages (Principal) (461,955.16) (327,162.71) (236,317.86) (207,018.05) (103,105.02)
Total Long Term Liabilities (485,713.51) (344,519.95) (247,015.87) (210,782.96) (103,105.02)
Total Liabilities (565,753.85) (413,937.51) (406,571.77) (368,796.97) (358,696.73)
Equity
31 · General Operating (592,769.63) (602,454.54) (875,225.52) (827,268.19) (616,685.25)
32 · Temp. Restricted Balances (7,295.44) (5,855.44) (7,673.66) (7,934.55) (12,124.62)
Net Revenue (8,244.91) (274,589.20) (47,696.44) (206,392.87) (177,813.16)
Total Equity (608,309.98) (882,899.18) (835,202.74) (628,809.87) (806,623.03)
TOTAL LIABILITIES & EQUITY (1,174,063.83) (1,296,836.69) (1,241,774.51) (997,606.84) (1,165,319.76)
* 2019 Pre-Audit (all other years reflect post audit)
Balance Sheet Summary 2015-2019
The Party of PrincipleTM
Libertarian National Committee, Inc.P&L Acct 2015-2019
Jan - Dec 15 Jan - Dec 16 Jan - Dec 17 Jan - Dec 18 Jan - Dec 19 *
Revenue
4000 · General Fundraising (1,049,413) (1,881,093) (1,341,295) (1,256,928) (1,258,529)
4100 · Project Revenue (22,536) (15,560) (72,308) (6,430) (113,412)
4200 · Events and Conventions (0) (398,690) (90,832) (369,830) (40,974)
4300 · Program Revenue (45,997) (332,105) (84,963) (136,811) (89,045)
4400 · Trf fr Auth. FEC Comm - PACS (0) (0) (0) (2,333) (0)
4600 · Refunds of Contributions (250) (1,385) (1,637) (290) (1,756)
4700 · Other Receipts (56) (216) (627) (1,395) (1,127)
Total Revenue (1,117,752) (2,626,279) (1,588,388) (1,773,437) (1,501,331)
Expense
7000 · General Fundraising Expense (220,568) (336,832) (396,821) (369,918) (254,069)
7100 · Project-Related Expenses (7,993) (0) (1,489) (669) (75)
7200 · Events and Conventions Exp (0) (219,884) (3,426) (287,744) (14,373)
7300 · Program-Related Expenses (219,761) (942,673) (365,445) (454,942) (251,855)
8000 · Salary & Related Expense (411,146) (493,070) (507,556) (535,335) (483,192)
8100 · Admin & Overhead Expense (180,512) (248,869) (243,103) (214,439) (186,121)
8200 · Professional Services (43,201) (85,695) (93,978) (92,516) (105,342)
8300 · Depreciation Expense (26,326) (24,665) (24,266) (24,266) (28,489)
Total Expense (1,109,507) (2,351,688) (1,636,084) (1,979,829) (1,323,516)
Net Revenue (or Loss) (8,245) (274,591) (47,696) (206,392) (177,815)
* 2019 Pre-Audit (all other years reflect post audit)Year Membership (20 years)
2000 32,922 12001 27,710 22002 22,871 32003 19,363 42004 22,177 52005 17,413 62006 11,792 72007 15,105 82008 16,439 92009 14,663 102010 15,068 112011 14,327 122012 14,943 132013 14,637 142014 12,800 152015 11,680 162016 20,406 172017 14,998 182018 15,008 192019 #REF! 20
Year Revenue2000 3,590,2322001 2,099,2222002 1,300,6012003 1,760,4972004 2,127,2492005 1,367,3292006 1,289,792
* 2007 1,613,7272008 1,637,1392009 1,076,0492010 1,472,2182011 1,358,9112012 1,484,8502013 1,291,173
* 2014 1,343,7292015 1,117,7522016 2,626,279
* 2017 1,588,3882018 1,773,437
* 2019 1,501,331
YTD Rev 1,501,331# Month 12Revenue - by Function as % of Total
2015 thru 20192015 2016 2017 2018 2019 *
Membership Revenue 368,631 807,450 554,688 583,082 622,486 % Total Non Conv Revenue 33% 35% 38% 39% 41%
General Fundraising 676,329 1,178,909 764,757 762,568 648,038 % Total Non Conv Revenue 61% 51% 52% 51% 43%
Project/Program/Other 68,339 346,495 156,261 145,456 230,807 % Total Non Conv Revenue 6% 15% 11% 10% 15%
1,113,299 2,332,854 1,475,706 1,491,106 1,501,331
* 2019 Pre-Audit (all other years reflect post audit)
Profi t & Loss 2015-2019
20-Year Active Donors 20-Year Revenue Totals
Revenue by Function 2015-2019
The Party of PrincipleTM
Torch Club 2020CHAIRMAN’S CIRCLEWilliam O. PerkinsDr. George D. PhilliesChris J. RuferMelodie K. RuferBENEFACTORSteven FoxBEACONS OF LIBERTYAnthony BeaversMichael E. ChastainCristina M. CrawfordRichard FastMark R. GuidryDaniel E. HayesMichael F. HeppleRyan OnegliaHenry PosnerPamela E. PotterWilliam B. RedpathCherif SedkyJohn StaglianoDr. George A. ZsidisinPIONEERS OF FREEDOMNelson M. BarnhouseWhitney C. BilyeuNicholas BonaviaNeil BrayToni D’ArcyGary T. FaggFred D. FernandesEric FinkenbinerDaniel FylstraRandy L. GannGerald A. HanweckJohn R. KarnapProf. Robert S. KrausJoel S. LawsonJohn MarshMargaret McMahonSteven OpatLeslie RoseEmily H. SalvetteLt. Col. Ronald SchaeferThomas R. StewartCharles D. Test
Dr. Allan WalstadDick WolffLIFETIME FOUNDERSRandy AllenRep. Justin AmashJoseph S. AmatoDavid AnnelliRichard L. ArmerdingJoseph L. BastKenneth M. BatesChris R. BeaulieuThomas P. BelangerFreddie L. BennettWestley H. BennettHarold S. BensonJames BergPaul BilyeuEthan Bishop-HenchmanLeigh BortinsJessica BossCatherine BrennanRobin M. BrileySamantha BroderickChanning B. BrownGary C. BrunsmanDr. Douglas F. CannonJames N. CantrellDr. Samuel CarranzaRogelio L. CarreraGov. Lincoln D. ChafeeJonathan ChanDr. Allen E. ChanteloisPaul ChristianDustin ClawsonMichael J. CloarDr. Daniel A. CraigTom CunninghamDaniel DavenportGary DavisLynden F. DavisDavid P. DemarestDr. Lawrence DickinsonAustin DonohoJohn T. DotyDr. Mark Doty
Michael DugentJoseph DunsayBruce W. EarnheartReed S. EbarbTam EdenErik EngbrechtJohn P. EvansScott W. EylerDaniel B. FishmanEric R. FontaineLarry D. FreyChester A. GallowayThomas GammillJune R. GenisSuzanne W. GilmoreWilliam M. GobleRobert D. GoodwynSean L. GowardFrederick J. GraboskeWilliam GrdanskiNathaniel D. GreeneMark S. GreensteinDennis GrossmanChristian E. GruberTodd HagopianMichael R. HansenShahriyar HaqueJames HarrisJoseph HauptmannColleen C. HeeneyPenny C. HendrixJim E. HigginsJason HilbertJoyce HoelzerHank J. HollandScott HortonJanine HuntLawrence C. HurleyMike HutchingsJohn M. InksVasiliy IvanovMichael K. JacobsDavid R. JeffriesRobert JonesJeffrey K. Kaszubinski
Thomas D. KautzChristine KendrickShaun KilbyJohn A. KleinerJohn KnechtChristopher KnuthToni KoEva F. KosinskiJohn R. KuhnGeorge P. LambElizabeth LeBlancRory C. LeckbandEdward M. LeonardShawn S. LevasseurDr. Elisheva H. LevinMichael J. LivezeyRichard LongstrethKes LuchiniMatthew D. LyonsDerek MaddoxJuan MartinezRobert B. MatthewsDouglas McConnellJames C. McLaughlinCharles D. MellonDavid MerwinTodd MinehartElijah MintonAnna MosashviliPaul J. MoscarelliPeter L. MouldsDr. Chuck MoultonWilliam G. MurpheyKirby T. MyersDr. Jeff NixAdam NutterJames OcasekRobert O’DonovanDr. Edward C. OlsonElijah OlsonSteven R. OsborneSean T. O’TooleRandy PaulsenDouglas A. PeckhamNathan Peeples
Steven P. PerkinsGreg R. PerryJulie T. PerryJohn R. PhillipsSam PowellRobert N. PowerWalter C. PrestonZac ReynoldsRoland C. RiemersDr. John RobertsonJeffrey C. RoseWilliam M. RosenKimberly RuffBette Rose RyanJeremy RyanSteve ScheetzJim SchellAnthony C. SellersKirk ShulmanDr. Aaron C. SiglerLloyd E. SmithJohn R. SpardutoMary P. StichaVermin SupremeMichael TaylorSamuel TaylorArthur M. ThomasNicholas TomchikArchie W. TrawickLes TurlingtonJohn B. TurpishCatherine UllomMatthew UngsElizabeth L. Van HornEvan L. WebsterScott R. WebsterLuke WenkeDr. Nancy A. WeylEllerton P. WhitneyJulia A. WhitneyDr. Matthew P. WicklundWarren WilderResa WillisC. Robert WilsonMichael W. Zajac
LPHQ STAFF
EXECUTIVE DIRECTORDan Fishman
OPERATIONS DIRECTORRobert Kraus
DEVELOPMENT DIRECTORTara DeSisto
CAMPAIGNS ADVISORApollo Pazell
CANDIDATE & AFFILIATE SUPPORTBob Johnston
CANDIDATE RECRUITMENTCara Schulz
DEVELOPMENTBekah CongdonEXTERNAL RELATIONS
Matthew ThextonEXTERNAL RELATIONS
Tyler Harris MEMBERSHIP MANAGER
Jess MearsPUBLICATIONS EDITORGideon OakesSPECIAL PROJECTSNick Dunbar
STATE AFFILIATE DEVELOPMENTAndy Burns
STEWARDSHIPChristopher Clemence
LIBERTARIAN NATIONAL COMMITTEE
CHAIRNicholas Sarwark
VICE CHAIRAlex Merced
TREASURERTim Hagan
SECRETARYCaryn Ann Harlos
AT LARGEJoe Bishop-Henchman
AT LARGESam Goldstein
AT LARGEAlicia Mattson
AT LARGEWilliam Redpath
AT LARGEJoshua Smith
REGION 1 REPRESENTATIVERichard LongstrethREGION 2 REPRESENTATIVE
Steven NekhailaREGION 3 REPRESENTATIVEElizabeth Van HornREGION 4 REPRESENTATIVE
Jeffrey HewittREGION 5 REPRESENTATIVE
Jim LarkREGION 6 REPRESENTATIVE
John PhillipsREGION 7 REPRESENTATIVE
Whitney BilyeuREGION 8 REPRESENTATIVEJustin O’Donnell
REGION 1 ALTERNATEFrancis WendtREGION 2 ALTERNATE
Victoria Paige SextonREGION 3 ALTERNATEDustin Nanna
REGION 4 ALTERNATETim Ferreira
REGION 5 ALTERNATESusan HogarthREGION 6 ALTERNATE
Phillip AndersonREGION 7 ALTERNATE
Erin AdamsREGION 8 ALTERNATE
Pat Ford
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