The party is happening no matter what. Here's from the FAQ:
What if I don't reach my funding goal?
If your campaign is set up as Flexible Funding, you will be able to keep the funds you raise, even if you don't meet your goal. If your campaign is set up as Fixed Funding, all contributions will be returned to your funders if you do not meet your goal. Flexible Funding campaigns that meet their goal are only charged 4% as our platform fee, whereas campaigns that do not meet their goal are charged 9%.
and from Breakneck:
This campaign will receive all of the funds contributed by Tue 16 Jul 11:59PM PT.
Sounds like they're set up as a flexible.