Obama Campaign Still Fundraising in First Quarter

Posted April 15, 2013 at 10:45pm

The Obama presidential campaign was still raising funds during the first quarter of 2013 from individuals, sold lists and equipment to the 2013 inaugural committee, and has $3 million in cash on hand and $3.1 million in debts outstanding.

The Obama for America committee reported receipts of $4,371,506 and disbursements of $7,082,645 during the first quarter, leaving $3,101,118 in cash on hand as of March 31, and $3,101,118 in debts. The committee received $1,950,000 from its joint fundraising committee, Obama Victory Fund 2012. The committee received $383,051 from the Presidential Inaugural Committee 2013 for list rental and equipment purchases. The committee received $1,896,503 from refunds, rebates and reimbursements, such as $926,087 from GMMB (DC) and $457,812 from Bully Pulpit Interactive LLC. The committee paid $1 million for media production; $1 million for telephone; $467,534 for insurance; and $428,185 for travel/lodging. The committee has $3,101,118 cash on hand as of March 31.

The Obama Victory Fund 2012, a joint fundraising committee, reported receipts of $3,192,387 during the first quarter. It included $2 million from contributions of $200 or less. The committee transferred $1,950,000 to Obama for America; $195,000 to the DNC, and smaller amounts to state party committees. The committee paid the DNC Travel Offset Account $235,469 for presidential travel. The committee has $463,512 in cash on hand as of March 31.