For Wisconsin Republicans who believed holding the national convention in Wisconsin later this year would mean an immediate financial windfall for the state party, they will be sadly mistaken, at least for now.

State records show that the state Republican Party brought in $863,553 in its state and federal accounts during the first three months of the year. Of that, $287,650 came in two donations in the past two weeks — $237,650 from Beloit billionaire Diane Hendricks and $50,000 from retired Racine businessman Fred Young.

By contrast, the state Democratic Party raised nearly $9.6 million in both federal and state accounts in the first quarter of the year, a ratio of more than $11 to $1 compared to Democrats.

Among the biggest givers to the state Democrats this year are Silicon Valley investor Reid Hoffman, who contributed $2 million; billionaire financier George Soros, $1 million; and Kenneth Duda, co-founder of cloud networking solutions provider Arista, $1 million.