Obama-Related Debts Weigh Down DNC, While Congressional Democrats Thrive

Posted February 21, 2014 at 9:55am

The two major national party political committees have filed campaign finance reports covering January activity that highlight the persistent debt at the DNC and the $10 million advantage of the RNC.

The DNC Services Corp./Democratic National Committee (DNC) reported it had receipts of $6,649,918 and disbursements of $5,602,134 during January, leaving $5,747,152 cash on hand at the end of January, with $15,906,136 in debts.

The DNC received $3.8 million from contributors giving $200 or less, and $2.6 million from 2,817 itemized contributors giving in excess of $200. They received $190,909 from PACs and other committees.

Some of the individual donors giving the $32,400 maximum were: Warren Buffett (chairman & CEO, Berkshire Hathaway Inc., NE); Dorothy Lichtenstein (president, Roy Lichtenstein Foundation, NY); Edward Snowden (producer, NY); Andrew Tobias (writer, NY); among others.

The DNC spent $1.4 million on direct mail; $397,250 on telemarketing; $525,671 on salaries; among others. The committee made a $400,00 loan repayment on their debt with Amalgamated Bank of New York.

The DNC still owes $8.5 million on loans taken out for the 2012 election. They owe $7.4 million to other vendors including: $1.6 million to Benenson Strategy Group; $587,700 to David Binder Research; $538,405 to Perkins Coie; $425,925 to NGP Van Inc.; $337,009 to Telefund Inc.;$295,547 to Action Mailing Inc.; $297,952 to Chapman Cubine Adams & Hussey; $266,250 to Creative Print Group Inc.; among others.

The Republican National Committee (RNC) reported it had receipts of $7,823,835 and disbursements of $7,164,890 during January, leaving $9,816,604 cash on hand. The committee raised $4.2 million from contributors of $200 or less, and $2.9 million from 3,131 contributors giving in excess of $200.

Individuals donors giving the $32,400 maximum include Richard DeVos (president, The Windquest Group, MI); Melanie Kirkpatrick (journalist, Dow Jones & Co., NY); Shaun McCutcheon (general contractor, Coalmont, AL); among others.

The RNC spent $2.2 million on mail productions and postage; $924,849 on telemarketing; and $795,038 on payroll; among others.

In other filings, the Democratic Congressional Campaign Committee reported receipts of $6.8 million and disbursements of $3.9 million, leaving $32 million cash on hand at the end of January, and no debts.

The National Republican Congressional Committee reported receipts of $6.1 million and disbursements of $3.2 million, leaving $24 million cash on hand at the end of January, and no debts.