Sunday, January 11, 2009

Cabin in the Sky(rise debt)

Oh, boo-hoo.

Log Cabin facing money woes
Gay GOP group at least $100,000 in debt

The Log Cabin Republicans, hampered by lackluster 2008 fundraising, is facing financial difficulties and ended the year at least $100,000 in debt, according to Patrick Sammon, the organization’s president, who spoke to the Blade Friday.

Sammon said he expects the organization to have around $100,000 in debt or “maybe a little more,” adding that the figure is made up of consolidated debt.

“It’s not like we’re not paying the rent or not paying the phone bill or anything like that,” he said. “We’re current on the bills that we owe, but we do have some debt that’s consolidated.”

Sammon said the organization expected donations would be higher last year because of the presidential election.

“Really what we anticipated was that 2008 would be a better year fundraising-wise based on what we’ve seen in other presidential election years,” he said. “We just didn’t see the fundraising materialize the way that we expected.”

Sammon said the economic downturn in the past year “certainly has affected” Log Cabin’s ability to raise as much as had been forecast for the year. He added that other gay organizations and non-profits are facing similar challenges in the current economy.

“I think we’re in a place that’s similar to other organizations,” he said. “It’s a difficult time for the economic situation and we’ll make decisions accordingly and in a responsible way.”

Log Cabin began noticing the economic downturn last year and cut expenses by 20 percent compared to 2007, Sammon said.

Sammon said he expects Log Cabin to set up a reduced budget for 2009 at a meeting scheduled to take place in Atlanta the weekend before Inauguration Day. Based on preliminary budget drafts, Sammon said he expects the organization to have a budget that is 35 to 40 percent less than what it had in 2008.

“We’ll expect to spend 35 to 40 percent less because, again, I think, we have to be prudent in battening down the hatches in figuring that the economy is not going to turn around overnight,” Sammon said.

When asked whether he had been taking reduced salary from Log Cabin, Sammon said he has “not been getting fully compensated.” He declined to elaborate.

So much for the "fiscal conservatism is more important than gay rights" debate.

Funny, they claim so many members, but can't pay their rent from all these alleged rich gay "conservatives." And they've only got two employees.

On their website, they've also dispensed with the bought stock images of women and people of color. Have they finally embraced their true image as debt-ridden white affluent golfers?

No comments: