Late last month, former U.S. Ambassador to the United Nations John Bolton bragged that his new super PAC had had a “very good March.”

No wonder he was so cheerful. The same day he gave that interview, March 24, the super PAC took in a $500,000 check from Warren Stephens. Stephens, an Arkansas billionaire who runs an investment bank with stakes in energy and newspapers, among other things, wasn’t the only donor to John Bolton Super PAC (yep, that’s the name), but he was, by far, the largest.

Bolton told Breitbart News back in March that he would be using his super PAC to support hawkish Republicans — anyone who would roll back Obama’s foreign policy. So far that hasn’t happened. According to the group’s first quarter report, filed this morning, the super PAC raised $768,000 in the first three months of the year, adding to $455,000 already in its war chest. And, according to the filings, the super PAC spent just $89,000, all of it on administrative and consulting costs.

Among the largest expenses were payments to Bolton’s former deputy at his U.N. post, Sarah Tinsley. She’s now running the PAC for him, after a stint as a lobbyist for the Mortgage Bankers Association

With all that money coming in, and very little going out, Bolton’s Super PAC is in the enviable position of having more than $1.1 million in cash to spend as primary season heats up.

And that’s not the only fundraising operation bearing Bolton’s name. A second outfit, John Bolton PAC, reported raising $304,000 in the first quarter. Even after spending $79,000 on a number of expenses very similar to those of the super PAC, it still has $318,000 on hand. It did not make any contributions to candidates in the first quarter of the year.

Follow Russ on Twitter: @russchoma

Images: John Bolton speaking at last month’s Republican Jewish Coalition meeting in Las Vegas. (AP Photo/Julie Jacobson).

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