{"id":2102230,"date":"2023-11-17T17:45:02","date_gmt":"2023-11-17T22:45:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/no-labels-misses-fundraising-goals-while-execs-pocket-six-figure-salaries\/"},"modified":"2023-11-17T17:48:30","modified_gmt":"2023-11-17T22:48:30","slug":"no-labels-misses-fundraising-goals-while-execs-pocket-six-figure-salaries","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/no-labels-misses-fundraising-goals-while-execs-pocket-six-figure-salaries\/","title":{"rendered":"No Labels Misses Fundraising Goals While Execs Pocket Six-Figure Salaries"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fno-labels-misses-fundraising-goals-while-execs-pocket-six-figure-salaries%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2102230&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>No Labels \u200bFalls Short of \u2062Funding for Third-Party Candidate in 2024<\/h2>\n<div>\n<figure><figcaption>\n      <img decoding=\"async\" src=\"https:\/\/www.example.com\/image.jpg\" alt=\"U.S. Senator Joe\u200d Manchin (D., \u2063W.V.)\" \/><br \/>\n      U.S. Senator Joe Manchin (D., W.V.)<br \/>\n    <\/figcaption><\/figure>\n<\/div>\n<div>\n<p>The\u200b self-proclaimed centrist organization, No Labels, is facing a significant funding \u2062shortfall of approximately $50 million for its\u200b planned support of a\u2062 third-party presidential candidate in 2024, according to the group&#8217;s tax filings. As reported by the <em>Daily Beast<\/em>, No \u2064Labels had only $20 million available at\u200b the beginning of 2023, even after paying out $1.5 million in salaries \u200bto its top six employees. However, the organization managed to\u200c raise\u200d $21.2 million \u2064in 2022, \u200dalmost \u2062double the previous year&#8217;s amount.<\/p>\n<p>While\u2063 No Labels\u200d deliberates on whether \u200cto endorse a third-party candidate at a convention in Dallas next April, its executives are enjoying substantial \u200bfinancial rewards. Tax records reveal that\u2063 CEO Nancy \u200dJacobson received $300,000\u200c in \u200c2022, while co-executive directors Margaret White and\u2062 Elizabeth Morrison earned $315,440\u2063 and $203,975, respectively.<\/p>\n<p>The\u200d source \u2062of No Labels&#8217; funding remains unknown, as the\u2063 nonprofit is not obligated to disclose its donors. This lack of transparency has fueled \u200dconspiracy theories on the\u2064 left,\u2063 as highlighted by\u200c <a href=\"https:\/\/www.washingtonpost.com\/opinions\/2023\/06\/27\/no-labels-third-party-right-wing-ties\/\" target=\"_blank\" rel=\"noopener\">The Washington Post<\/a> and <a href=\"https:\/\/newrepublic.com\/article\/176422\/no-labels-plan-tip-2024-election\" target=\"_blank\" rel=\"noopener\">The New Republic<\/a>.<\/p>\n<p>The current $20 million available falls far \u200dshort\u200d of the organization&#8217;s initial promise to raise funds during\u2064 this period. In September 2022, No \u200cLabels&#8217; leader stated to\u2063 <em>New \u2062York \u200bTimes<\/em> columnist David Brooks that they were prepared to spend\u2063 $70 million on supporting \u2064a third-party\u2063 candidate in 2024.<\/p>\n<p>This statement sent Democratic operatives into a frenzy, with senior advisers \u200bto President Joe Biden hastily arranging\u200d a meeting with No Labels in June. They accused the group of potentially acting as a \u2063spoiler for the Republican Party. <em>Politico<\/em> has \u200creferred to No \u200bLabels\u2064 as a &#8220;third-party nightmare for Democrats,&#8221; and according to <em>Axios<\/em>, the White House is\u200d avoiding\u200d public attacks that could give \u2062No Labels more attention.<\/p>\n<p>Comparatively, No Labels&#8217; finances pale in\u200c comparison to the substantial funds held by President \u2064Biden&#8217;s campaign, which reported having over $90 million in October. Former President \u2062Donald Trump, currently leading \u2062the Republican primary field, had nearly $38 million in reserves by the end of September.<\/p>\n<p>No Labels has yet to commit \u200dfirmly \u2063to \u2063nominating a challenger to \u200bBiden and \u2063the \u200beventual Republican \u2063nominee. However, the organization has consistently threatened \u2062to do so if their internal polling \u200bindicates a desire for a third option in the upcoming November election.<\/p>\n<p>Although No Labels has only <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/no-labels-asks-state-democratic-chairs-not-to-inferere-after-bidens-comments\/\" title=\"No Labels urges State Democratic Chairs to refrain from interfering following Biden's remarks.\">secured \u2062ballot access<\/a> in 12 states, they\u2062 expect\u2062 to expand to 16 more by the end \u200cof the \u200cyear. The group&#8217;s preferred candidate \u200dappears to be West Virginia Senator\u200d Joe Manchin (D.), who has participated in several No \u2063Labels\u200b events \u200dand recently announced he will not seek reelection. \u2064Other \u2063potential candidates include\u2063 former Maryland Governor Larry Hogan (R.) and\u200c former Utah Governor\u2063 Jon Huntsman, who appeared \u200dalongside Manchin at a No Labels event in New Hampshire last\u2063 July.<\/p>\n<p>Despite liberal suspicions that No Labels is secretly\u200c working to \u2064reelect Trump by diverting \u2063votes from Biden, the organization&#8217;s founders have explicitly stated that their primary goal is preventing Trump\u2062 from winning a second \u2063term. Jacobson, a self-proclaimed\u2063 Democrat, declared\u2062 in July that No Labels would abandon their \u2064project if internal polling indicated that a\u2064 third-party bid would benefit Trump.<\/p>\n<p>&#8220;From\u2064 the beginning, we&#8217;ve \u200bmade \u200cit clear that \u200cwe won&#8217;t offer our ballot line if it seems \u2063like it \u2062would be a wasted vote,&#8221; she told NBC News.<\/p>\n<\/div>\n<p> <\/p>\n<h2> What potential\u200d candidate has speculations arisen about No \u2062Labels endorsing in the \u200b<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-encourages-auto-industry-workers-to-vote-for-him-to-end-electric-vehicle-madness\/\" title=\"Trump urges auto industry workers to vote for him to stop electric vehicle 'craze'.\">upcoming presidential \u2064election<\/a>, \u2062and how does this relate to the organization&#8217;s funding shortfall?<\/h2>\n<p><span>  Undermining the Democratic Party and splitting the vote, ultimately benefiting the Republican candidate in the 2024 \u2062election.<\/p>\n<p>No \u200dLabels, founded in \u20632010, describes itself as \u2064a bipartisan organization aimed at promoting centrist\u2064 policies\u2063 and fostering cooperation between Democrats and \u200bRepublicans. The group advocates for pragmatic solutions\u2062 rather than\u2062 partisan ideology. However, its recent financial\u2062 troubles\u200c have \u200braised questions about its credibility and its ability to \u2064achieve its goals.<\/p>\n<p>The funding shortfall \u200bis\u2064 particularly \u200cconcerning considering No Labels&#8217; plans\u200d to support\u200b a third-party candidate in \u200bthe upcoming presidential \u200celection. While the organization has not \u2063announced any potential candidates,\u2062 speculations have arisen that \u2063No Labels \u200cmay endorse West Virginia\u2063 Senator Joe Manchin, known for his\u2063 centrist positions\u2062 and willingness to work across the aisle. \u200b <\/p>\n<p>The\u2062 tax filings of No Labels reveal a \u200ddiscrepancy between the \u200corganization&#8217;s financial situation and the lofty \u2064promises\u200b made by its leaders. Despite \u2063paying exorbitant salaries to its top\u200b executives, No Labels still finds itself significantly short \u200bof the necessary funds \u200dto support a third-party candidate effectively. This\u200b raises questions about the\u2064 organization&#8217;s\u2064 financial management and \u200dallocation\u200d of\u2062 resources.<\/p>\n<p>Additionally, the lack of transparency surrounding No Labels&#8217; funding sources has\u200d only intensified \u2064the scrutiny it faces. Without \u200cpublicly disclosing its donors, the \u200corganization allows\u200c room for speculation and conspiracy\u2064 theories. Some critics have speculated that No Labels is secretly funded by right-wing interests, while others question its true motives\u200c and\u200d allegiances. \u2064The ongoing debate around No \u200dLabels&#8217; third-party candidate endorsement,\u200d coupled with the \u2063lack of \u200cfinancial transparency, has cast a shadow over the organization&#8217;s operations.<\/p>\n<p>The failure to \u2062secure the projected $50 million in funding is a\u2062 substantial setback for No Labels. With\u2062 less than half of the promised funds available, the organization will have to reassess its <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/critical-race-theory-top-issue-in-virginia-election-democrats-still-insist-it-isnt-real\/\" title=\"Critical Race Theory Top Issue in Virginia Election, Democrats Still Insist It 'Isn't Real'\">strategy moving forward<\/a>. It remains to be seen whether No Labels will be able to\u200b mobilize\u200b the necessary resources to support a third-party candidate effectively.<\/p>\n<p>The repercussions of No Labels&#8217; funding shortfall extend beyond the organization itself.\u200b Democratic \u200boperatives and party members have voiced concerns that\u2064 a\u2064 third-party candidate\u2063 endorsed by No\u2063 Labels could divide \u2063the \u2063Democratic\u2064 vote and potentially secure \u2064a victory for\u2062 the\u2064 Republican candidate in 2024. This \u200c<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/no-labels-misses-fundraising-goals-while-execs-pocket-six-figure-salaries\/\" title=\"No Labels Misses Fundraising Goals While Execs Pocket Six-Figure Salaries\">fear led senior \u2062advisors<\/a> to President\u2064 Joe\u2063 Biden \u2064to urgently seek a meeting with \u2063No Labels,\u2062 expressing their concerns \u2062and urging\u200d caution.\u2064 The meeting highlights the\u200b level of concern within the Democratic Party over No Labels&#8217; plans and potential impact on the election.<\/p>\n<p>As No Labels faces financial challenges and scrutiny over \u2062its intentions, its ability to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/manchin-and-romney-spark-third-party-presidential-rumors-after-both-announce-retirement\/\" title=\"Manchin and Romney spark third-party presidential rumors after both announce retirement\">promote bipartisan collaboration<\/a> and pragmatic policies comes\u2062 into \u2063question. Without\u2062 a significant\u200c influx of funds, the \u200borganization&#8217;s plans \u2063for a third-party candidate endorsement may not \u200bcome to fruition. This development serves as\u200d a reminder that political organizations, regardless of their proclaimed intentions, are not exempt from financial constraints and the need for transparency.\u200d Whether No \u2064Labels can overcome\u200c these hurdles and fulfill its mission remains to\u2062 be seen, but its current funding shortfall poses \u200ca significant obstacle.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.S. Senator Joe Manchin (D., W.V.) REUTERS \/ Leah Millis No Labels is roughly $50 million short of what it pledged to spend on a third-party presidential candidate in 2024, the group\u2019s tax filings show. The self-described centrist organization had just $20 million on hand at the start of 2023 after dishing out $1.5 million<\/p>\n","protected":false},"author":197,"featured_media":2102231,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[544],"tags":[],"class_list":["post-2102230","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-free-beacon"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2102230","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/197"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2102230"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2102230\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2102231"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2102230"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2102230"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2102230"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}