American Future Fund EIN 26-0620554 Form 990 (PDF) Claim this org

American Future Fund FY2023 filing

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Educates Americans on conservative free market principles. For fiscal year 2023 it reported $589K in revenue, $835K in expenses, and $1.2M in net assets.Pt I

Type
Membership association · Public & Societal Benefit
Location
West Des Moines, IA
Website
www.americanfuturefund.com
Filings
5 on file (2020–2023)
Revenue
$589KFY2023
Expenses
$835K
Net assets
$1.2M
People
2
Filings
5
Updates
0
More identity details & actions ⌄
EIN  26-0620554 Membership association West Des Moines, IA
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Educates Americans on conservative free market principles.
Leadership
Jen Robertson · Secretary/Director
Money in and out
$589K revenue, $835K expenses
Bottom line
-42% operating surplus
Membership & operating revenue · FY2023
Total revenue
$589K
Pt VIII · Ln 12
Total expenses
$835K
Pt IX · Ln 25
Net assets
$1.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$245K
Where spending went · Part IX cols B–D
Program services $0.87 Management & general $0.13
Operating surplus
-42%
revenue over expenses
Earned revenue
0%
of revenue from program services & dues
Program spending
87%
of expenses reach member services

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$589K
FY2023▲ +21%
Expenses
$835K
FY2023▼ -8%
Total assets
$1.2M
FY2023▼ -17%
Total liabilities
$0
FY2023
Total revenue
$589K
Pt VIII · Ln 12
Total expenses
$835K
Pt IX · Ln 25
Net assets
$1.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$245K
Total assetsPt X · Ln 16$1.2M
Program-expense ratioPt IX · col B87%
Voting members of governing bodyPt I · Ln 32
Independent voting membersPt I · Ln 42
Mission & Programs · Part III

Where the work happens

3 program services account for $723K of program spending, described in the organization's own filed words · FY2023.
01

The organization's primary exempt purpose is to educate and advocate for conservative and free market ideas by providing the american people a mechanism to communicate and advocate on the issues that most interest and concern them.

$504Kprogram expense
02

An exempt purpose of the organization is for the correction of ethics and corruption in government. Aff has long advocated for transparency and good governance at all levels of government. Where there are examples of unethical behavior or corruption, aff has been at the forefront of investigations and research into those situations.

$146Kprogram expense
03

An exempt purpose of the organization is to analyze legislation and promote public policy that empowers american farmers and ranchers to best be able to compete in the world market.

$73Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAmerican Future Fund
EINHdr · item D26-0620554
Principal addressHdr · item CWest Des Moines, IA
WebsiteHdr · item Jwww.americanfuturefund.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIA
Exempt statusHdr · item I501(c)(4) · active
NTEE classificationIRS BMFPublic & Societal Benefit (W24)
Ruling yearIRS BMFOct 2008

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a2
Independent voting membersPt VI · Ln 1b2
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Secretary/Director
$0Pt VII · Sec A
President/Treasurer/Director
$0Pt VII · Sec A
See American Future Fund executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants$578K · 98%
Investment income$11K · 2%
Contributions & grants98%$578K
Investment income2%$11K
Total revenueLn 12$589K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.87 Management & general $0.13
Program services87%$723K
Management & general13%$112K
Total functional expensesLn 25$835K

Balance Sheet

Part X · end of year
CashLn 1$1.2M
Total assetsLn 16$1.2M
Total liabilitiesLn 26$0
Total net assetsLn 32$1.2M
Months of cash on handcomputed17.0

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.2M · Operating expenses/yr $835K
17.0 months
Where the money goes
Program services
Program services $723K · Total expenses $835K
87%
Management & General
Management & general $112K · Total expenses $835K
13%
Fundraising
Fundraising $0 · Total expenses $835K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $473K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $578K · Total revenue $589K
98%
Government reliance
Government grants — · Total revenue $589K
Earned-income share
Program service revenue $0 · Total revenue $589K
0%
Investment reliance
Investment income $11K · Total revenue $589K
+2%
Program self-sufficiency
Program service revenue $0 · Total expenses $835K
0%
Growth & trend
Revenue growth (YoY)
This year $589K · Prior year $485K
+21%
Net-asset trend (YoY)
End of year $1.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $589K · Expenses $835K
-42%
Liabilities-to-Assets
Total liabilities — · Total assets $1.2M
Net-asset ratio
Net assets $1.2M · Total assets $1.2M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.2M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Jen Robertson · Reported title SECRETARY/DIRECTOR · Highest reported compensation $0 · Total expenses $835K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $835K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 87%
Overhead ratio 13%
Fundraising cost ratio 0%
Revenue growth 21%
Legal fee ratio 0.8%
Accounting fee ratio 0.7%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · this organization's grantmaking
Grants paid · 10 grants · $1.0M · 2020–2024
American Future Fund - FloridaFY2024$87,252
Empower Iowa FundIA · FY2024$10,000
The Patriots FoundationIA · FY2024$8,500
Empower Iowa FundIA · FY2023$47,000
Empower Iowa FundIA · FY2022$83,000
Frontiers of FreedomFY2022$58,500
Empower Iowa FundIA · FY2021$97,000
DonorstrustVA · FY2020$200,000
Empower Iowa FundIA · FY2020$77,500

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$758K revenue · ⤓ 990 PDF
FY2023$589K revenue · viewing · ⤓ 990 PDF
FY2022$485K revenue · ⤓ 990 PDF
FY2021$360K revenue · ⤓ 990 PDF
FY2020$2.5M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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