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Western Futures Fund INC

Not tax-deductible

Sheridan, WY501(c)(4)Since 2021Foundations & Grantmakers EIN 87-3907363Total revenue $8.7M in FY2024Latest return filed Nov 10, 2025

On file with the IRSwesternfuturesfund.orgSheridan, WYTax-exempt since Jul 2022

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To raise and deploy philanthropic capital to strengthen civil society and promote responsible leadership in the Western United States.

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 87-3907363) · Dispute this line
501(c)(4) social-welfare organization; gifts are not tax-deductible as charitable contributions.
99¢ of each $1 spent went to programs.
Run by 3 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
3 of 3
filings with a surplus
Average surplus $708K a year · 14% of revenue · last 3 filings
A surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
99%
of spending
99% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
5.9 mo
of spending, in cash
5.9 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $5.5M
5 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$2.0M
52% of total assets
Liabilities are 52% of assets.
Pt X · Ln 26
Independent board members
3
of 3 voting members
3 of 3 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Total revenue
$8.7M
+168% vs prior year
Total expenses
$7.8M
To programs
99%
Net assets
$1.9M
By yearFY2022–FY2024
Revenue
$8.7M
FY2024▲ +168%
Tap a bar for its year
Revenue by fiscal year
FY2022$3.4M
FY2023$3.3M
FY2024$8.7M
Expenses
$7.8M
FY2024▲ +221%
Tap a bar for its year
Expenses by fiscal year
FY2022$3.1M
FY2023$2.4M
FY2024$7.8M
Net assets
$1.9M
FY2024▲ +97%
Tap a bar for its year
Net assets by fiscal year
FY2022$372K
FY2023$951K
FY2024$1.9M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2022.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $7.7M Management & general 1% · $84K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Jeremy Krones
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
See Western Futures Fund INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Mobilizes donations to build stronger communities and foster responsible leaders in the Western US.

Questions for Western Futures Fund INC

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3 programs · $7.6M · in their own filed words · FY2024
01

Civil Society

Grants and other support for civic organizations working to keep the general public educated, informed and engaged on public policy matters in their respective communities.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 87-3907363) · Dispute this line
$3.0Mprogram expense
02

Electoral

Leadership development programs related to potential candidates for public office and grants to political organizations.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 87-3907363) · Dispute this line
$2.9Mprogram expense
03

Advocacy

Grants and other support for organizations educating the public on relevant local, state and national public policy issues.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 87-3907363) · Dispute this line
$1.8Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Sixteen Thirty FundFY2024$2.8M
New Venture FundFY2024$1.8M
Guardian of Rights FundFY2024$500K
Civic Truth CoalitionFY2024$450K
Sheriff Accountability ActionFY2024$30K
Total grants receivedfrom 5 funders$5.5M
See all 5 funders →
Grants paid · 59 grants · $11.5M · 2022–2024
Institute for Responsive Government Action INCFY2024$1,950,000
Your Community Pac INCFY2024$1,500,000
Retire Career Politicians INCFY2024$970,000
Clean and Prosperous America Education FundWA · FY2024$500,000
Alaska Jobs CoalitionAK · FY2024$400,000
Working MontanansMT · FY2024$300,000
NmmNE · FY2024$200,000
Montanans for Election ReformMT · FY2024$100,000
Way Back PacFY2024$100,000
Your NebraskaNE · FY2024$100,000
Wyoming Way PacFY2024$100,000
907 InitiativeAK · FY2024$100,000
Montana State Afl-CIOMT · FY2024$95,000
Wyoming Investor NetworkWY · FY2024$75,000
Idahoans United for Women and FamiliesID · FY2024$60,000
Secure Election Project INCMT · FY2024$50,000
A Better Big SkyMT · FY2024$50,000
Anchorage School Bond YesFY2024$50,000
See all 59 grants →

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$8.7M
Ln 12
Gifts and grantsLn 1h$8.7M
Money outPt IX
$7.8M
Ln 25
Programscol B$7.7M
Managementcol C$84K
Owns and owesPt X
$1.9M
net assets · Ln 32
Cash and savingsLn 1–2$3.9M
Total assetsLn 16$3.9M
LiabilitiesLn 26$2.0M
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$8.7M
Total revenueLn 12$8.7M
Assets in detailPt X, end of year
CashLn 1$3.9M
Cash and savings togetherLn 1–2$3.9M
Total assetsLn 16$3.9M
LiabilitiesLn 26$2.0M
Net assetsLn 32$1.9M
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$962K$3.9M
Total assetsLn 16$962K$3.9M
LiabilitiesLn 26$11K$2.0M
Net assetsLn 32$951K$1.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$6.8M$6.8M
Management feesLn 11a$30K$30K
Legal feesLn 11b$5K$5K
Accounting feesLn 11c$35K$35K
Other fees for servicesLn 11g$820K$820K
Advertising and promotionLn 12$138K$138K
Office expensesLn 13$259$111$148
Information technologyLn 14$194$194
TravelLn 17$6K$652$6K
Conferences, conventions and meetingsLn 19$3K$3K
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$162$162
Total functional expensesLn 25$7.8M$7.7M$84K$0

The full sourced 990Scout+ report on Western Futures Fund INC

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  • Full 990 data with the filed return attached
  • Revenue quality
  • Key people and pay
  • Compliance checks run against 4 federal lists
  • Red flags with the evaluator crosswalk
  • Peer measures

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Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Nov 10, 2025 $8.7M$7.8M$922K$1.9M 990 PDF
FY2023Filed with the IRS Nov 7, 2024 $3.3M$2.4M$829K$951K 990 PDF
FY2022Filed with the IRS Oct 25, 2023 $3.4M$3.1M$372K$372K 990 PDF

Schedules filed Part IV

A · Public support C · Political and lobbying D · Assets and endowments I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $8,735,000 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,260,000$8,735,000
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $3,260,000$8,735,000
I-13 Grants and similar amounts paidPrior year $1,770,625$6,770,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $660,572$1,043,000
I-18 Total expensesPrior year $2,431,197$7,813,000
I-19 Revenue less expensesPrior year $828,803$922,000
Part VI · Governance 3 of 3 board members independent, 2 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $8,735,000 across 3 lines filed
VIII-1f All other contributions, gifts and grants$8,735,000
VIII-1h Total contributions, gifts and grants$8,735,000
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$8,735,000
Part IX · Statement of functional expenses $7,813,000 across 12 lines filed
IX-1 Grants to domestic organizationsPrograms $6,770,000$6,770,000
IX-11a Management feesManagement $30,000$30,000
IX-11b Legal feesManagement $5,292$5,292
IX-11c Accounting feesManagement $34,630$34,630
IX-11g Other fees for servicesPrograms $819,929$819,929
IX-12 Advertising and promotionPrograms $137,824$137,824
IX-13 Office expensesPrograms $111 · Management $148$259
IX-14 Information technologyManagement $194$194
IX-17 TravelPrograms $652 · Management $5,812$6,464
IX-19 Conferences, conventions and meetingsManagement $2,778$2,778
IX-23 InsuranceManagement $5,468$5,468
IX-24 Other expenses (24a–d)Management $162$162
IX-25 Total functional expensesPrograms $7,728,516 · Management $84,484 · Fundraising $0$7,813,000
Part X · Balance sheet $3,863,873 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $961,830$3,863,873
X-16 Total assetsStart of year $961,830$3,863,873
X-17 Accounts payable and accrued expensesStart of year $10,957$41,000
X-18 Grants payable$1,950,000
X-26 Total liabilitiesStart of year $10,957$1,991,000
X-27 Net assets without donor restrictionsStart of year $740,873$773,109
X-28 Net assets with donor restrictionsStart of year $210,000$1,099,764
X-32 Total net assets or fund balancesStart of year $950,873$1,872,873
X-33 Total liabilities and net assetsStart of year $961,830$3,863,873
Part XI · Reconciliation of net assets $1,872,873 net assets at year end
XI-1 Total revenue$8,735,000
XI-2 Total expenses$7,813,000
XI-3 Revenue less expenses$922,000
XI-4 Net assets at start of year$950,873
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,872,873

Form 990 e-file FY2024 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

Similar: WESTSIDE FUTURE FUND INC · MONTLAKE FUTURES FUND · WESTERN CONSERVATION FOUNDATION · COMMUNITY WEST FOUNDATION · YOUTH FUTURES · BRIGHT FUTURES FUND

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