The Lincoln Project convinced Democratic donors to part with $39,384,397 in Q3. It burned a staggering $13 million on operating expenditures, made $23.9M of IEs (mostly routed into its founders firms), and ended with $13.2M on hand.
Catering to #Resist donors has been a lucrative reversal of fortune for the Lincoln Project's founders. Reed Galen's Summit Strategic was paid $18.8M in Q3, Ron Steslow's TUSK Digital got $8.7M, Kurt Bardella's Endeavor Strategy got $153K
#NeverTrump@ProjectLincoln raised $16.8M in Q2, drawing several six and seven figure checks from a handful of Democratic megadonors, spent $4.6M on independent expenditures, $2.28M on operating expenditures, and ended the quarter with $10.8M on hand.
Improving from Q1 when Lincoln Project faced accusations of being a ScamPAC on account of 90% of their expenditures being paid out to Lincoln Project members and their firms, only ~86% of its operating expenditures/IEs went through Lincoln Project members and their firms in Q2.
That's not to say they pocketed it all...the FCC's political file database indicates at least $3M in ad buys were made and $1.36M in Facebook ads were purchased as of June 30th.
Friday's dump of 25,980 more #CA25 ballots from L.A. County is the first update to net votes for Christy Smith, splittng 51.5%/48.5% for Smith and bringing Mike Garcia's margin down by 790 votes to 16,860.
Another 350 #CA25 votes were also added from Ventura County, splitting 50.9%/49.1% for Smith, cutting Garcia's margin down another six votes to 16,854.
Wild. Turnout in the #CA25 special election runoff is now at 40.78% with 173,322 votes in, surpassing the total from the #CA25 primary (which coincided with a competitive Democratic presidential primary).
#NeverTrump Lincoln Project raised $1.9M in Q1, over $1.16M from small donors giving less than $200. It logged $1,135,686 in operating expenditures and another $148,132 in independent expenditures, burning through $1,284,078.
After its $1.9 million Q1 haul, the Lincoln Project spent $148,132 on independent expenditures (all to firms operated by Lincoln Project founder Reed Galen and Lincoln Project member Ron Steslow), with a staggering $1.135 million on operating expenditures.
The ostensibly #NeverTrump Republican Lincoln Project spent $85,707 on merchant fees, $36,948 on its Democratic fundraising consultant, $15,078 on its Democratic compliance firm, and $3,000 for the Democratic NGP Van software. subscription.
Lincoln Project members Reed Galen (Summit Strategic Communications) and Ron Steslow (TUSK Digital) appreciate your support.
#NeverTrump The Lincoln Project raised $685,071 in the last two weeks of 2019. Of the $100K spent, $50K went to Lincoln Project member Ron Stelow's TUSK Digital, $5K to Lincoln Project's Jennifer Horn, w/$10K in unpaid bills to Lincoln Project's Reed Galen's firm.