EXHIBIT A

1 7 0 ;} 3 0 8 0 3 1 2 01 8

Form 1024

Application for Recognition of Exemption Under Section 501 (a)

OMS No. '545·0057

(Rev. September 1998) Department 01 the Treasury Internal Revenue Service

H exempt staW$ 1$ apprO¥co. Ulis appibtlon wiN be open fOf' public: inspection.

Read the instructions for each Part carefully. A User Fee must be attached to this application.

If the required information and appropriate documents are not submitted along with Form 8718 (with payment of the appropriate user fee), the application may be returned to the organization.

Complete the Procedural Checklist on page 6 of the instructions,

Part I. Identification of Applicant (Must be completed by all applicants; also complete appropriate schedule.) Submit only the schedule that applies to your organization. Do not submit blank schedules.

Check the appropriate box below to indicate the section under which the organization is applying: a 0 Section 501 (c)(2)- Title holding corporations (Schedule A, page 7)

b fZl Section 501(c)(4)-Civic leagues, social welfare organizations Oncluding certain war veterans' organizations), or local associations of employees (Schedule B, page 8)

c 0 Section 501 (c)(5)-Labor, agricultural, or horticultural organizations (Schedule C, page 9) d 0 Section 501 (c)(6)-Business leagues, chambers of commerce, etc. (Schedule C, page 9) e 0 Section 501(c)(7)-Social clubs (Schedule 0, page 11)

r 0 Section 501(c)(8)-Fratemal beneficiary societies, etc" providing life. Sick, accident, or other benefits to members (Schedule E, page 13) 9 0 Section 501(c)(9)-Voluntary employees' beneficiary associations (Parts I through IV and Schedule F, page 14)

h 0 Section 501 (C)(l O)-Domestic fraternal societies, orders, etc" not providing life, sick, accident, or other benefits (Schedule E, page 13) o Section 501(c)(12)-Benevolent I~e insurance associations, mutual ditch or irrigation companies, mutual or cooperative telephone companies, or like organizations (Schedule G, page 15)

j 0 Section 501 (c)(13)-Cemeteries, crematoria. and like corporations (Schedule H, page 16)

k 0 Section 501 (c)(15)-Mutual insurance companies or associations, other than life or marine (Schedule I, page 17)

o secuoo 501 (c)(17)-Trusts providing for the payment at supplemental unemployment compensation benefits (Parts I through IV and Schedule J. page 18) m 0 secuoo 501(c)(19)-A post. organization, auxikary unit, etc" at past or present members of the Armed Forces at the United States (Schedule K, page 19) n 0 Section 501(c)(25) Title holding corporations or trusts (Schedule A, page 7)

1c Address (number and street) PO Box 13434

I Room/Suite

2 Employer identification number IEIN) (If none, see Spe<:ific Instructions on page 2)

26: 0620554

1a Full name of organization (as shown in organizing document)

American Future Fund

1 b c/o Name (if applicable)

Name and telephone number at person to be contacted If additional information is needed

Jason Torchinsky

ld City, town or post office, state, and ZIP + 4 Instructions for Part I. page 2.

Des Moines, IA 50310

If you have a foreign address, see Specific

( 540 ) 341 8608

18 Web site address

Month the annual accounting period ends 5 December

Date incorporated or tormed 81712007

6 Did the organization previously apply for recognition of exemption under this Code section or under any other section of the Code? 0 Yes IZl No If "Yes," attach an explanation.

Has the organization filed Federal income tax returns or exempt organization information returns? If "Yes," state the form numbers, years filed, and Internal Revenue office where filed.

DYes IZJ No

8 Check the box for the type of organization. ATTACH A CONFORMED COPY OF THE CORRESPONDING ORGANIZING DOCUMENTS TO THE APPLICATION BEFORE MAILING.

a IZl Corporation- Attach a copy of the Articles of Incorporation (including amendments and restatements) showing approval by the appropriate state official; also attach a copy of the bylaws.

b 0 Trust- Attach a copy of the Trust Indenture or Agreement. including all appropriate Signatures and dates.

c 0 Association- Attach a copy of the Articles at ASSOCiation, Constitution. or other creating document. With a declaration (see msuucnonsj or other evidence that the organization was formed by adoption of the document by more than one person. Also include a copy of the bylaws.

If this is a corporation or an unincor orated association that has not et adopted b laws. check here • ." 0

5 of the instructions.

Cat No. 12343K

MAR·! 8 '08

Tf

Form 1024 (Rev. 9-98)

Page 2

Part II. Activities and Operational Information (Must be completed by all applicants)

Provide a detailed narrative description of all the activities of the organization-past, present and planned. Do not merely refer to or repeat the language in the organizational document. List each activity separately in the order of importance based on the relative time and other resources devoted to the activity. Indicate the percentage of time for each activity. Each description should include, as a minimum, the following: (a) a detailed description of the activity including its purpose and how each activity furthers your exempt purpose; (b) when the activity was or will be initiated; and (c) where and by whom the activity will be conducted.

EDUCATETHEPUBUC700/0

The organization plans to educate the public on policy issues and decisions that affect the American public.

Starting in August 2007- through 2007 and beyond

Consultants will be engaged to assist with this activity.

ACTIVITY TO INFLUENCE LEGISLATION 30%

The organization plans to engage in activity to influence legislation through grassroots advocacy promoting state and local legislative and executive branch initiatives in support of its mission at the state and federal level.

Starting in August 2007- through 2007 and beyond

Consultants will be engaged to assist with this activity.

2 List the organization's present and future sources of financial support, beginning with the largest source first.

Corporations, associations, organizations and individuals who support the mission and purpose of this organization may provide financial support.

Form 1024 (Rev. 9-98)

Page 3

Part II. Activities and Operational Information (continued)

3 Give the following information about the organization's governing body:

Nicole Schlinger

PO Box 257,700 E. Pleasant Street, Brooklyn, IA 52211

None*

a Names, addresses, and titles of officers, directors, trustees, etc.

b Annual compensation

*Nicole Schlinger is not compensated for her services as a director. Her fundraising and telemarketing firm may be contracted to provide services to the organization at market rates.

4 If the organization is the outgrowth or continuation of any form of predecessor, state the name of each predecessor, the period during which it was in existence, and the reasons for its termination. Submit copies of all papers by which any transfer of assets was effected.

N/A

5 If the applicant organization is now, or plans to be, connected in any way with any other organization, describe the other organization and explain the relationship (e.g., financial support on a continuing basis; shared facilities or employees; same officers, directors, or trustees).

N/A

6 If the organization has capital stock issued and outstanding, state: (1) class or classes of the stock; (2) number and par value of the shares; (3) consideration for which they were issued; and (4) if any dividends have been paid or whether your organization'S creating instrument authorizes dividend payments on any class of capital stock.

N/A

7 State the qualifications necessary for membership in the organization; the classes of membership (with the number of members in each class); and the voting rights and privileges received. If any group or class of persons is required to join, describe the requirement and explain the relationship between those members and members who join voluntarily. Submit copies of any membership solicitation material. Attach sample copies of all types of membership certificates issued.

The corporation has no members.

8 Explain how your organization's assets will be distributed on dissolution.

Upon dissolution of the corporation or the winding up of its affairs, the assets of the Corporation shall be distributed to another organization operated exclusively for charitable purposes or for social welfare purposes as described in section 501 (c)(4).

Form 1024 (Rev. 9-98)

Page 4

Part II. Activities and Operational Information (continued)

9 Has the organization made or does it plan to make any distribution of its property or surplus funds to shareholders or

members? . 0 Yes 0 No

If "Yes." state the full details, including: (1) amounts or value: (2) source of funds or property distributed or to be

distributed: and (3) basis of, and authority for, distribution or planned distribution.

10 Does, or will, any part of your organization's receipts represent payments for services performed or to be performed? 0 Yes 1!21 No If "Yes," state in detail the amount received and the character of the services performed or to be performed.

11 Has the organization made, or does it plan to make, any payments to members or shareholders for services performed

or to be performed? . 0 Yes 0 No

If "Yes," state in detail the amount paid, the character of the services, and to whom the payments have been, or will

be, made.

12 Does the organization have any arrangement to provide insurance for members, their dependents, or others (including

provisions for the payment of sick or death benefits, pensions, or annuities)? . 0 Yes 0 No

If "Yes," describe and explain the arrangement's eligibility rules and attach a sample copy of each plan document and

each type of policy issued.

13 Is the organization under the supervisory jurisdiction of any public regulatory body, such as a social welfare agency,

etc.? . 0 Yes 1!21 No

If "Yes," submit copies of all administrative opinions or court decisions regarding this supervision, as well as copies of

a pplications or requests for the opinions or decisions.

14 Does the organization now lease or does it plan to lease any property? . 0 Yes 0 No

If "Yes," explain in detail. Include the amount of rent, a description of the property, and any relationship between the

applicant organization and the other party. Also, attach a copy of any rental or lease agreement. (If the organization is

a party, as a lessor, to multiple leases of rental real property under similar lease agreements, please attach a single

representative copy of the leases.)

15 Has the organization spent or does it plan to spend any money attempting to influence the selection, nomination, election,

or appointment of any person to any Federal, state, or local public office or to an office in a political organization? 0 Yes 0 No If "Yes," explain in detail and list the amounts spent or to be spent in each case.

16 Does the organization publish pamphlets, brochures, newsletters, journals, or similar printed material?

If "Yes," attach a recent copy of each.

DYes 0 No

Form 1024 (Rev. 9-98) Page 5

Part III. Financial Data (Must be completed by all applicants)

Complete the financial statements for the current year and for each of the 3 years immediately before it. If in existence less than 4 years, complete the statements for each year in existence. If in existence less than 1 year, also provide proposed budgets for the 2 years following the current year.

A. Statement of Revenue and Expenses

Revenue

1 2

Gross dues and assessments of members Gross contributions, gifts, etc.

3 Gross amounts derived from activities related to the organization's exempt purpose (attach schedule) (include related cost of sales on line 9.)

4 Gross amounts from unrelated business activities (attach schedule)

5 Gain from sale of assets, excluding inventory items

(attach schedule)

6 Investment income (see page 3 of the instructions)

7 Other revenue (attach schedule).

8 Total revenue (add lines 1 through 7)

Expenses

9 Expenses attributable to activities related to the organization's exempt purposes.

10 Expenses attributable to unrelated business activities

11 Contributions, gifts, grants, and similar amounts

paid (attach schedule).

12 Disbursements to or for the benefit of members (attach schedule)

13 Compensation of officers, directors, and trustees (attach schedule)

14 Other salaries and wages.

15 Interest

16 Occupancy.

17 Depreciation and depletion

18 Other expenses (attach schedule)

19 Total expenses (add lines 9 through 18)

20 Excess of revenue over expenses (line 8 minus line 19)

From To

1/08 12/08

(a) Current Tax Year 3 Prior Tax Years or Proposed Budget for Next 2 Years

(b) ?_Q~_~ . (e) . ~q~_Q. (d) _

B Balance Sheet at the end of the period shown

o

5,000,000

(e) Total

5,000,000

5,000,000 5,000,000

15,000,000

5,000,000

15,000,000

5,000,000

5,000,000

5,000,000

5,000,000

5,000,000

15,000,000

5,000,000

15,000,000

5,000,000

o

o

o

1 Cash.

2 Accounts receivable, net.

3 Inventories

4 Bonds and notes receivable (attach schedule)

5 Corporate stocks (attach schedule).

6 Mortgage loans (attach schedule)

7 Other investments (attach schedule)

8 Depreciable and depletable assets (attach schedule)

9 Land.

10 Other assets (attach schedule)

11

Total assets

12 Accounts payable.

13 Contributions, gifts, grants, etc., payable

14 Mortgages and notes payable (attach schedule)

15 Other liabilities (attach schedule)

16 Total liabilities.

Assets

Liabilities

Fund Balances or Net Assets

17 Total fund balances or net assets

18 Total liabilities and fund balances or net assets (add line 16 and line 17)

Current Tax Year

as of. _ ~_I_1_?' t9!L

3

1 0

2

4

5

6

7

8

9

o

10

11

o

12

13

14

o

15

16

o

17

18

o

If there has been any substantial change in any aspect of the organization's financial activities since the end of the period shown above, D

check the box and attach a detailed explanation. ~

Form 1024 (Rev. 9-98)

Page 8

Organizations Described in Section 501(c)(4) (Civic leagues, social welfare organizations (including posts, councils, etc., of veterans' organizations not qualifying or applying for exemption under section 501(c)(19» or local associations of employees.)

Has the Internal Revenue Service previously issued a ruling or determination letter recognizing the applicant organization (or any predecessor organization listed in question 4, Part II of the application) to be exempt under section 501 (c)(3) and later revoked that recognition of exemption on the basis that the applicant organization (or its predecessor) was carrying

on propaganda or otherwise attempting to influence legislation or on the basis that it engaged in poutlcal activity? . 0 Yes 0 No

If "Yes," indicate the earliest tax year for which recognition of exemption under section 501 (c)(3) was revoked and the IRS district office that issued the revocation.

2 Does the organization perform or plan to perform (for members, shareholders, or others) services, such as maintaining the common areas of a condominium; buying food or other items on a cooperative basis; or providing recreational facilities

or transportation services, job placement, or other similar undertakings? 0 Yes 0 No

If "Yes," explain the activities in detail, including income realized and expenses incurred. Also, explain in detail the nature

of the benefits to the general public from these activities, (If the answer to this question is explained in Part II of the

application (pages 2, 3, and 4), enter the page and item number here.)

3

If the organization is claiming exemption as a homeowners' association, is access to any property or facilities it owns

or maintains restricted in any way? . 0 Yes 0 No

If "Yes," explain.

4 If the organization is claiming exemption as a local association of employees, state the name and address of each employer whose employees are eligible for membership in the association, If employees of more than one plant or office of the same employer are eligible for membership, give the address of each plant or office.

N/A

EXHIBIT B

HOLTZMANVOGEL PLLC

Attorneys at Law

Suite 53

98 Alexandria Pike

Warrenton, VA 20186

p/540-341-8808 f/540-341-8809

August 18, 2008

Internal Revenue Service Exempt Organizations

31 Hopkins Plaza Baltimore, MD 21201

Attn: Mrs. M Taylor Room 1420 Group 7880

RE: American Future Fund EIN 26-0620554

BY FAX AND FED EX

Dear Mrs. Taylor:

The American Future Fund ("AFF") is pleased to provide the following responses to your letter of July 14,2008. We hope that the answers provided herein will help answer your questions about the organization.

1. The information submitted with your application does not contain sufficient information in detail to fully describe your proposed activities. Therefore, submit a detailed description of all of the activities of the organization- past, present, and planned showing how you operate or will operate to achieve your purpose. Each activity should be separately described, and the description should include as a minimum, the following:

a. Its purpose and nature.

b. Frequency and duration.

c. How, when, where and by whom it was, is, or will be conducted.

d. The requirements a person or organization must meet in order to

participate in or receive benefit from the activity.

e. The amounts of any charges or fees and the basis for the amount.

f. What the activity has accomplished or will accomplish.

g. State what percentage of the total time and effort of the organization is devoted to carrying out each activity.

1

The American Future Fund's activities generally fall into two categories. The first includes activities to educate the public about policy issues and decisions that affect the American public. The second is activity to influence legislation. Although many of the organization's activities may have elements of both educating the public and influencing legislation, we have described the organization's activities in detail and have provided numerous examples of its activity to date.

Activity to Educate the Public

a. Efforts to educate the public have, and will take many different forms, depending on the issues involved, the timing, and the significance of the issue. To date, activities to educate the public have included radio and television advertising, newspaper advertising, internet activity (including a blog and emails to the public including both to those who have signed up to receive emails and to email lists the organization has purchased), research and polling, and press releases and public statements. In the future, AFF anticipates that it will write and place opinion editorial pieces and letters to the editor in newspapers in addition to the methods described above. The purpose of such activities is to further the common good and general welfare of the citizens of the United States by informing the American public about important issues that affect their lives. We have included samples of these materials.

b. Activities to Educate the Public continue on an on-going basis. The organization is continually updating the information on its website and will stay abreast of important policy issues and will take appropriate action to inform and educate the public when appropriate.

c. Educational activities are conducted by the Board of Directors, consultants, and volunteers. A consultant has been engaged who serves as the organization's spokesperson. He is the primary blogger on the website and point of contact for national and local news media.

Many of the organization's directors, consultants and volunteers are based in Iowa, so the activities will be conducted there; however, activities are directed across the United States. Other consultants are located in Washington, DC and Boston, Massachusetts. Thus far, the organization has engaged in activity to educate the public about important policy issues in Connecticut, Colorado, Minnesota, Nevada, and Washington, DC.

The organization is building a list of supporters across the country and contacts them via the internet on various public policy issues, and regularly updates its website and blog with information consistent with the organization's principles. As of August 1,2008, the organization had approximately 20,000 subscribers to its email list. We have included examples of these emails.

2

d. Individuals or organizations that support the mission and positions of the American Future Fund are welcome to assist in any AFF activities. AFF's activities to educate the general public do not benefit any group of individuals or organizations.

e. No charges or fees are assessed with respect to educational activities.

f. Educational activities are designed to inform the American public about important policy issues and decisions. We believe that our organization has succeeded in informing the public about these issues and we hope that future efforts to educate the public will have the same impact.

g. Approximately 70% of AFF's activity is devoted to educating the public.

Activity to Influence Legislation

a. American Future Fund intends to shape public policy through its activities to influence legislation. AFF will engage in grassroots advocacy, which may take many forms, such as radio and television advertising, newspaper advertising, and public statements from the organization.

b. AFF's activities to influence legislation began in January 2008, and will continue on a regular basis while the organization is in existence.

c. Activities to influence legislation are conducted by the Board of Directors, consultants, and volunteers.

Many of the organization's directors, consultants and volunteers are based in Iowa, so the planning of activities and development of advocacy materials will be primarily conducted there. Other consultants are located in Washington, DC and Boston, Massachusetts. Advocacy materials have been published in Connecticut, Colorado, Nevada, Washington, DC and Minnesota.

d. Individuals or organizations that support the mission and positions of the American Future Fund are welcome to participate in AFF activities to influence legislation. AFF's activities to influence legislation do not benefit any group of individuals or organizations.

e. No charges or fees are assessed with respect to activities to influence legislation.

f. AFF intends that activities to influence legislation will encourage the adoption of free-market policies that benefit the American public.

g. Approximately 30% of AFF's activity is devoted to influencing legislation.

3

2. You indicate in the application that there is 1 officer. Please explain why. How will this person undertake the roles of President, Secretary and Treasurer and carrying out all of the activities of the organization? There is not sufficient representation of unrelated persons from the community on your board. A board of directors that includes representatives from the community, instead of a board consisting solely of one person is an indication that the organization will serve public rather than private interests. A one-person board is "prima-facie" evidence that the organization is organized and operated for private interests. Your bylaws also indicate that a "quorum" must be present in order to conduct business. You cannot have a "quorum" with only one person.

It is STRONGLY recommended that you expand your board to include nonfamily members? If you agree to do this, provide the names, titles, addresses and any compensation amounts of the newly elected board. Also submit copies of the minutes of the meeting wherein this action was taken.

AFF was organized in August, 2007. During the initial months of the organization's existence, it did not engage in any significant amount of activity, it did not raise any money, and it did not have any other Directors or Officers, during this time, Ms. Schlinger began soliciting input and ideas for the organization from outside individuals and planning for future activity. Once the organization's activities began in earnest, Ms. Schlinger retained consultants to assist with the organization's activities, and began fundraising for the organization. Although the additional board members were not formally elected until August 15, 2008, significant consultation and input from the community began as early as August, 2007.

The minutes of the meeting where the additional board members were elected are attached, and the requested information follows.

Barbara Smeltzer, Director & Secretary, 1440 N Algona St., Dubuque, IA 52001, No compensation

Sandra Greiner, Director & Treasurer, 1005 Hwy. 92, Keota, IA 52248, No compensation

In addition, the Board decided that a "Youth Representative" on the Board would be a valuable asset to the organization by representing an important demographic segment AFF is trying to reach with its efforts and would add knowledge to the board on new media matters. The Board is currently searching for such an individual. If a Youth Representative is added to the Board, we will provide their name, address, and compensation amounts to the IRS.

3. You indicate in the financial data "gross dues and assessments of members." What are the qualifications for your members? How much are their dues and/or assessments? Explain fully. How does the organization obtain its membership?

4

You also state that the "corporation has no members." Explain this discrepancy. Submit copies of any solicitations for support.

The revenue data was included on line 1 in error. It is expected that revenue will come from contributions, gifts and other donations, not membership dues or assessments. Accordingly, such information should have been provided on line 2, not line 1. We have revised Part III to reflect this change and have attached it to this response.

In addition, we have included sample email solicitations and a power point grant proposal.

4. You indicate on page 3 of the application that Nicole Schlinger is affiliated with a fundraising and telemarketing firm that may be contracted to provide services to the organization at market rates. Explain fully and include all terms and contracts, proposed or executed. Also explain why services are to be provided at "market" rates. Why not provide services "at" or "below cost"? Providing services at market rates may be prima-facie evidence that private interests are served.

Nicole Schlinger does not have a contract with AFF, either proposed or executed. Nicole has been compensated a total of $12,000 since the organization began ($4,000 per month for services rendered in March, April, and May), for services she provided including initial planning, organizing and fundraising. She has not done any work for AFF for which she will be compensated since May.

Nicole has explained that she invoiced AFF at a rate below her regular rate for her consulting business for the services she performed, and the remainder of her services provided to AFF before March and since May have been on a volunteer basis.

If, in the future, Nicole Schlinger's firm is engaged by AFF, the terms of any agreement, contract, or payment would be approved by the remaining disinterested directors.

5. Submit representative copies of any brochures, pamphlets, newsletters, newspaper articles, advertisements, or any other literature regarding your organization.

We have included copies of advertisements that our organization has prepared and distributed in furtherance of its mission to educate the public about policy issues that affect the general public and to influence legislation. The attached print media piece relates to a public educational and issue advocacy campaign related to consideration of the Foreign Intelligence Surveillance Act by the US Congress that AFF ran in April. The attached CD contains a sample of radio, and television ads relating to the current debate about energy policy and prices, the mortgage crisis, and advertisements promoting other free-market and common-sense policies. Finally, a copy of a script used for phone calls to consumers related to the mortgage crisis is attached.

5

The organization does not have any brochures, pamphlets, newsletters, or newspaper articles regarding the organization other than the website located at www.americanfuturefund.com.

6. Submit any other contracts, leases, or other written agreements you have entered or plan to enter on behalf of the organization.

AFF has written fundraising contracts with Legacy Consulting and with Frontline Strategies. A copy of the Frontline contract is attached. The Legacy Consulting contract will be submitted to the IRS upon execution.

AFF has engaged other pollsters, consultants, media producers and buyers, and legal counsel that invoice the organization at market rates as services are rendered.

Neither Nicole Schlinger, nor any of the other directors, have a business or family relationship with any of the consultants to the organization.

All attachments will follow by overnight FedEx delivery. Please let us know if you require any more information about AFF to complete your review of its application. We can be reached at (540) 341-8808.

Sincerely,

Karen Blackistone

Under penalties of perjury, ] declare that] have examined this information, including accompanying documents, and, to the best of my knowledge and belief, the information contains all the relevant facts relating to the request for the information, and such facts are true, correct, and complete.

6

EXHIBIT C

Internal Revenue Service P.o. Box 13163 - Room 1420 Baltimore, MD 21203

Department of the Treasury

Date: September 22, 2008

AMERICAN FUTURE FUND c/o Jill Holtzman Vogel

98 Alexandria Pike, Ste 53 Warrenton, VA 20186

Employer Identification Number: 26-0620554

Person to Contact - Group #:

Mrs. M. Taylor ID# 52-09549

Contact Telephone Numbers:

410-962-9525 Phone

410 - 962 - 0133 Fax

Response Due Date:

October 6, 2008

Dear Sir or Madam:

Thank you for the information recently submitted regarding your application for exemption. Unfortunately, we need more information before we can complete our consideration of your application

Please provide the information requested on the enclosure by the response due date shown above. Your response must be signed by an officer whose name is listed on the application. Also, the information you submit should be accompanied by the following declaration signed by an officer:

Under penalties of perjury, I declare that I have examined this information, including accompanying documents, and, to the best of my knowledge and belief, the information contains all the relevant facts relating to the request for the information, and such facts are true, correct, and complete.

To facilitate processing of your application, please attach a copy of this letter to your response.

If you do not provide the requested information in a timely manner, we will assume that you do not want us to consider your application further and will close your case.

If you do not respond to the information request by the due date, we will conclude that you have not taken all the steps necessary to complete your application for exemption Under section 7428 (b) (2) of the Code, you must show that you have taken all the reasonable steps to obtain your exemption letter under IRS procedures in a timely manner and exhausted your administrative remedies befor~ you can pursue a declaratory judgment. Accordingly, if you fail to timely provide the information we need to enable us to act on your application, you may lose your right to a declaratory judgment under Code section 7428.

Letter 2382

Page 2

Name: American Future Fund

If you have any questions concerning this matter, or you cannot respond by the due date, please contact the person whose name and

telephone number are shown in the heading of this letter.

Sincerely yours,

rYr;f~/q../

M. Taylor

Tax Law Specialist

Page 3

Name: American Future Fund

Additional Information Requested:

1. Please explain in detail where your fundraising proceeds will go.

Will they go to any particular organizations or other entities? Explain fully.

2. Explain why it appear that your fundraising and voter registration efforts are focused in the states of Colorado, Indiana, Iowa, Minnesota, New Hampshire and New Mexico. What is the significance of these particular states in relation to your organization and its activities? Be specific.

3. Discuss whether your organization directly or indirectly funds or plans to fund the 2008 Presidential election campaign.

4. Explain why your advertisements appear to be more partisan than non-partisan.

5. Discuss whether you are supporting or opposing through your grassroots lobbying a particular candidate for public office.

PLEASE DIRECT ALL CORRESPONDENCE REGARDING YOUR CASE TO:

US Mail:

Street Address:

Internal Revenue Service Exempt Organizations

P. O. Box 13163 Baltimo~e, MD 21202 ATT: M. Taylor

Room 1420 Group 7880

Internal Revenue Service Exempt Organizations

31 Hopkins Plaza Baltimore, MD 21201 ATT: M. Taylor

Room 1420 Group 7880

EXHIBIT D

HOLTZMANVOGEL PLLC

Attorneys at Law

Suite 53

98 Alexandria Pike

Warrenton, VA 20186

p/540-341-8808 f/540-341-8809

October 6, 2008

Internal Revenue Service Exempt Organizations

31 Hopkins Plaza Baltimore, MD 21201

Attn: Mrs. M Taylor Room 1420 Group 7880

RECEHfED

RE: American Future Fund EIN 26-0620554

OL1 ~B 20011

Internal ReverH,il:e v!;;irVICe TEiGE Division, EO Groll!J 7880 Baltimore, MD ..

BY FAX AND FED EX

Dear Mrs. Taylor:

This is in response to your letter dated September 22,2008.

A 501 (c)( 4) organization is permitted to engage in an unlimited amount oflobbying activity, including grassroots lobbying. American Future Fund advocates for conservative and free market ideas, has and will continue to educate the public about these issues, and engage in lobbying activity. AFF did not feel that the conservative and free market voice was adequately represented in the public debate on legislative issues, in particular: national security, the economy, and energy independence.

AFF focuses on to decisions that are being made by Congress today, particularly about energy policy and economic security and the legislation currently pending on these subjects, which will have a significant impact on the public for years to come.

1. Please explain in detail where your fundraising proceeds will go. Will they go to any particular organizations or other entities? Explain fully.

American Future Fund ("AFF") plans to use its fundraising proceeds exclusively in furtherance of its own activities. To date, AFF has not made any contributions or grants to any other organization or entity. AFF currently has no plans to support or fund any

1

other organizations or entities and 100% of AFF's funds go directly towards AFF's activities, as described to the IRS. AFF will continue to use its funds to educate the public and advocate for policy changes consistent with its stated policy goals.

2. Explain why it appears that your fundraising and voter registration efforts are focused in the states of Colorado, Indiana, Iowa, Minnesota, New Hampshire and New Mexico. What is the significance of these particular states in relation to your organization and its activities? Be specific.

AFF's fundraising activities are not focused on the states listed above. AFF's fundraising efforts are targeted to individuals and organizations nationwide that support AFF's policy positions, regardless of their location, and are not based on any geographic criteria. AFF has received donations through its website from all over the country and from larger donors nationwide.

The voter registration grant proposal was provided to the IRS in response to your request for "all written fundraising materials." This document was prepared for a specific donor who expressed an interest in funding a voter registration drive in the states mentioned. However, AFF was not awarded this grant, and therefore did not participate in these activities.

3. Discuss whether your organization directly or indirectly funds or plans to fund the 2008 Presidential election campaign.

AFF does not directly or indirectly fund the 2008 Presidential election campaign. None of the grassroots issues advertising paid for by AFF has mentioned or referred to any candidate for President or Vice President. Furthermore, AFF will not engage in any paid advertising activity that mentions or refers to any candidate for President or Vice President in 2008. Although there have been occasional links to news articles that mention the presidential candidates on AFF's blog, any discussion of the candidates on AFF's blog by AFF will be strictly as a result of their position as sitting United States Senators who are voting on important legislative issues currently pending before the Senate.

AFF is a strictly issues-focused organization. Thus far, the organization has focused on many legislative issues, most notably energy independence, economic policy, and national security. In both of these cases, the organization has engaged in educational activities and grassroots issues lobbying directed at numerous members of the United States Senate and House of Representatives from both political parties. Even though both of the major party candidates for President are leading members of the United States Senate and could have a significant impact on policy action taken by Congress in their capacity as Senators, AFF has not engaged in any activities to influence the votes of either of these sitting United States Senators on pending legislative issues primarily because of their status as presidential candidates.

2

4. Explain why your advertisements appear to be more partisan than nonpartisan.

AFF's efforts are strictly issue based and non-partisan. AFF has engaged in aggressive lobbying efforts directed at Members of Congress, regardless of party affiliation, whose positions are in opposition to its policy principles. For example, AFF has aired grassroots issue advertisements on the subject of energy policy that disagreed with the policy positions of seven sitting United States Senators and urging them to change position. Of these, four were Republicans and three were Democrats. As demonstrated by this example, AFF's policy advocacy is conducted in a non-partisan manner.

AFF's grassroots advertising focuses on issues and legislation based on the significance of the issue and the nexus between the issue and AFF's core conservative and free market principles. AFF directs its grassroots issue advertising efforts at key lawmakers that have an opportunity to impact the policy discussion, based on their position on the issue, relative decision making power, and the likelihood that AFF's message will resonate with the individual and impact their position on the issue.

For example, in the summer of 2008 AFF engaged in efforts to lobby Congressman Mark Udall, an influential member of the House Committee on Natural Resources from Colorado, a state with significant oil shale resources. As a result of AFF's issue advertising and grassroots efforts to lobby Congressman Udall, he reversed his position on oil drilling. See, "Udall Reverses Opposition to Offshore Drilling" available at http://www.denverpost.com/politics/ci_l 0 194 734 (originally published August 14, 2008). AFF considers this a successful lobbying effort.

Finally, the United States Supreme Court, in Wisconsin Right to Life v. Federal Election Commission, 127 S. Ct. 2652 (2008), considered advertising aired by Wisconsin Right to Life, another 501 (c)( 4) organization. AFF has carefully respected the test outlined by the Supreme Court in this case and its advertising constitutes genuine issue advertising, as defined by the Supreme Court. Chief Justice Roberts described "genuine issue ads" as follows.

First, their content is consistent with that of a genuine issue ad:

The ads focus on a legislative issue, take a position on the issue, exhort the public to adopt that position, and urge the public to contact public officials with respect to the matter. Second, their content lacks indicia of express advocacy: The ads do not mention an election, candidacy, political party, or challenger; and they do not take a position on a candidate's character, qualifications, or fitness for office

Id. at 2667. AFF's advertisements always focus on legislative issues, take a position on the issues, and exhort and encourage the public to contact the public official about the pending issues. None of AFF's issue advertisements have mentioned an election or the status of the individual mentioned in the issue ad as a candidate for office. In fact, many

3

the officeholders referred to in AFF's issue advertisements are not candidates in the 2008 election, and of the numerous issue ads, only two have mentioned a challenger or a political party. AFF's advertisements have never commented on a candidate's character, qualifications or fitness for office.

5. Discuss whether you are supporting or opposing through your grassroots lobbying a particular candidate for public office.

AFF does not support or oppose any candidate for public office. AFF is strictly a grassroots lobbying organization focused on important public policy issues and committed to a conservative and free market viewpoint. As discussed above, AFF's grassroots issue advocacy fits within the Supreme Court's definition of "genuine issue ads." Its activities are directed toward influencing key votes by Congress on these issues, not supporting or opposing any candidate for public office.

In the current climate, where energy policy is striking at the heart of Americans' pocketbooks and problems on Wall Street are affecting businesses on Main Street, AFF understands that the general public is increasingly aware of the decisions currently being made by Congress and the impact these decisions have on their daily lives. AFF believes that it can play an important role in educating the public about these significant issues and contribute to the national discussion about the best solutions for the country.

Sincerely,

Karen Blackistone

Under penalties of perjury, I declare that J have examined this information, including accompanying documents, and, to the best of my knowledge and belief, the information contains all the relevant facts relating to the request for the information, and such facts are true, correct, and complete.

4

EXHIBIT E

AMERFUTURE 08/05/2009 415 PM

Form 990'

• Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except black lung

Department of the Treasury benefit trust or private foundation)

Inlemal Revenue Service ~ The organization may have to use a copy of this retum to satrsfy state reporting requirements

Return of Organization Exempt From Income Tax

Open to Public Ins ection

A For the 2008 calendar year or tax_year beqlnnlnq and ending

B Check II applicable Please C Name 01 orgamzauon

D Address change ~s:e:~~ 1- ...:;AME.=.:=R;.o.I;::..;:C;,;;AN=__;;F;.,.U::....:;T;....;URE;...;;;..;=-...;F;;.._;;UND--- -t

o Name change print or ~...:Dci=ng;..:,B:.::us:::!ln.:.::e::::ss~As:::__-----_-_-----------,._----_t--=2;....;6:..-......:::0;....;6::.,;2::..;:0;....;5:,.=:5;....;4=-- _

IVl type. Number and street (or PObox II mail is not delivered to slreet address) I Room/suite

~ IMJalretum See 4225 FLEUR DRIVE 142

D Tsrrrunauon SI petC~IC

ns rue- City or town. state or country, and ZIP + 4

D Amended return lions. DES MOINES

D Application pending F Name and address of pnncipal officer

NICOLE SCHLINGER 4225 FLEUR DRIVE

DES MOINES IA 50312

D Employer ldentiflcatron number

E

Telephone number

515-282-3000

IA 50312

7,490,608

G Gross recelOlS S

:::: ;~;;~~:~~:elumD YYeess

Included? 0

I Tax-exempt status jX 50l(e) ( 4) ... (Insert no) I I 4947{a)(l) or J J 527

J Website. ~ www.americanfuturefund.com

~ No o No

"'No,' attach a 1151 (see mstrucnons)

H{£1_ Grou_Q_ exemnuon number ~

IA

K Jyp_e 01 omamzauon pel Corporallon I I Trust I I Assocrauoo I I Other ~

Part I

Summary

I L Year 01 formation 2 007 I M Stale ol lsqal domicile

a> o c:

'"

E

Q) > o

e oil I/)

~ .s ti <l:

Revenue less expenses. Subtract line 18 from line 12

End of Year

Bnefly descnbe the organization'S rrusston or most significant actrvmes

AMERICAN FUTURE FUND WORKS TO PROMOTE CONSERVATIVE FREE MARKET PRINCIPLES TO THE CITIZENS OF AMERICA.

2 Check thrs box ~ 0 If the organization drscontmued ItS operations or drsposed of more than 25% of Its assets 3 Number of voting members of the governing body (Part VI, hne 1a)

4 Number of Independent voting members of the governing body (Part VI, line 1b)

5 Total number of employees (Part V, line 2a) _-=-_:~ • .-_ z •• ~ - __ \

6 Total number of volunteers (estimate If necessary) \ RE CE lVE 0

7a Total gross unrelated busmess revenue from Part VIII, line 12,fCOlumn (C) 1 ()

b Net unrelated business taxable Income from Form 990-T III~e 34 121

3

1,158,659

4

Prior Year

Beginning of Year

4

4

5

°

6

6

7a

Current Year

7b

°

Q) :::I e Q)

> Q)

~

I ~ AUli z ( LUU::JJ u,\

B Contnbutrons and grants (Part VIII, line 1h) i L. tE

9 Program service revenue (Part VIII, line 2g) OGOEN UT I

10 Investment Income (Part VIII, column (A), lines 3, 4, and 7 J_,. ' :-'='" j 11 Other revenue (Part VIII, column (A), lines 5, 6d, Be, 9c, 10c, and 11e)

12 Total revenue-add hnes 8 throuqh 11 (must equal Part VIII, column (A), line 12)

7,480,516

10,092

13 Grants and Similar amounts paid (Part IX, column (A), lines 1-3)

7,490,608

18
19
~ en
00>
~5 20
~.!2
en'"
<tID 21
-""
en ~~ 22
c:::> Part II
c:::> '
C'J'
~ 14 Benefits paid to or for members (Part IX, column (A), line 4)

15 Salanes, other compensatton, employee benefits (Part IX, column (A), lines 5-10) 16a Professional fundrarsmq fees (Part IX, column (A). line 11e)

b Total fundraismq expenses (Part IX, column (OJ, line 25) ~ 17 Other expenses (Part IX, column (A), lines 11a-11d, 11f-24f)

Total expenses Add hnes 13-17 (must equal Part IX, column (A), line 25)

II! C() II! e a> C. )(

W

836,980

609,073

5,722,876

6,331,949

1,158,659

Total assets (Part X, hne 16) Total liabilities (Part X, line 26)

Net assets or fund balances Subtract line 21 from hne 20

1,158,659

SI nature Block

o

Under penalties of perjury, I declare that I have examined thts return. Including accompanying schedules and statements. and to the best of my knowledge and belief. It IS true. correct. and complete Declaration of preparer (other an officer) IS based on all information of which preparer has any knowledge

DAA For Privacy Act and Paperwork Reduction Act Notice, see the separate instructions. \ 3

AMERFUTURE 08/05/2009415 PM

Form 990 V2008) AMERICAN FUTURE FUND 26- 0 620554

Page 2

Part III Statement of Program Service Accomplishments (see Instructions)

1 Bnefly descnbe the organization's mission

AMERICAN FUTURE FUND WORKS TO PROMOTE CONSERVATIVE FREE MARKET PRINCIPLES TO THE CITIZENS OF AMERICA.

2 Did the organization undertake any significant program services dUring the year which were not listed on the pnor Form 990 or 990-EZ?

If "Yes," descnbe these new services on Schedule O.

3 Did the organization cease conducting, or make significant changes In how It conducts, any program services?

If "Yes," descnbe these changes on Schedule 0

4 Descnbe the exempt purpose achievements for each of the organization's three largest program services by expenses.

Section 501 (c)(3) and 501(c)(4) organizations and section 4947(a)(1) trusts are required to report the amount of grants and allocations to others, the total expenses, and revenue, If any, for each program service reported.

DYes §g No

DYes §g No

4a (Code. ) (Expenses $ 5,494,969 Including grants of $ ) (Revenue $

THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE

IS TO EDUCATE AND ADVOCATE FOR CONSERVATIVE AND FREE MARKET IDEAS. THIS WAS ACHIEVED BY PROVIDING THE AMERICAN PEOPLE A MECHANISM TO COMMUNICATE AND ADVOCATE ON THE ISSUES THAT MOST INTEREST AND CONCERN THEM. THE ORGANIZATION GENERATED MATERIALS FOR PUBLIC DISTRIBUTION, PARTICIPATED IN FORUMS, ANALYZED LEGISLATION, AND THROUGH NATIONAL AND LOCAL MEDIA EDUCATED THE AMERICAN PEOPLE ON TAXES, ENERGY SECURITY AND INDEPENDENCE, AND CHOICE IN EDUCATION.

4b (Code:

) (Expenses $

Including grants of $

) (Revenue s

4c (Code

) (Expenses $

including grants of $

) (Revenue s

4d Other program services (Descnbe In Schedule 0 )

(Expenses $ Including grants of $ ) (Revenue $

4e Total program service expenses ~ $ 5,494,969 (Must egual Part IX, Line 25, column (8))

Form 990 (2008)

DM

AMERFUTURE 08/05/2009 4 15 PM

Form 99(} (2008) AMERICAN FUTURE FUND

26-0620554

Page 3

Part IV Checklist 0 Required Schedules
Yes No
1 Is the organization descnbed In section 501 (c)(3) or 4947(a)(1) (other than a pnvate foundation)? If "Yes:
complete Schedule A 1 X
2 Is the orparnzatron required to complete Schedule B, Schedule of Contributors? 2 X
3 Old the organization engage In direct or Indirect political campaign activities on behalf of or In opposmon to
candidates for public office? If "Yes: complete Schedule C, Part I 3 X
4 Section 501(c){3) organizations, Old the organization engage In lobbYing actrvrties? If "Yes," complete
Schedule C, Part II 4
5 Section 501 (c){4). 501 (c)(5), and 501(c){6) organizations. Is the organization subject to the section 6033(e)
notice and reporting requirement and proxy tax? If "Yes," complete Schedule C, Part III 5 X
6 Old the organization maintain any donor advised funds or any accounts where donors have the nght to
provide advice on the distnbutron or Investment of amounts In such funds or accounts? If "Yes: complete
Schedule 0, Part I 6 X
7 Old the orqaruzation receive or hold a conservation easement, Including easements to preserve open space,
the environment, rustonc land areas, or histone structures? If "Yes," complete Schedule D, Part II 7 X
8 Old the organization maintain collections of works of art, historical treasures, or other Similar assets? If "Yes,"
complete Schedule 0, Part III 8 X
9 Old the organization report an amount In Part X, line 21; serve as a custodian for amounts not listed In Part
X, or provide credit counseling, debt management, credit repair, or debt negollatlon services? If "Yes,"
complete Schedule 0, Part IV 9 X
10 Old the organization hold assets In term, permanent, or quasi-endowments? If "Yes," complete Schedule 0, Part V 10 X
11 Old the organization report an amount In Part X, lines 10, 12, 13, 15, or 25? If "Yes," complete Schedule 0,
Parts VI, VII, VIII, IX, or X as applicable 11 X
12 Old the organization receive an audited financial statement for the year for which It IS completing this return
that was prepared In accordance with GAAP? If "Yes," complete Schedule 0, Parts XI, XII, and XIII 12 X
13 Is the organization a school descnbed In section 170(b)(1)(A)(II)? If "Yes," complete Schedule E 13 X
14a Old the organization maintain an office, employees, or agents outside of the U.S? 14a X
b Old the organization have aggregale revenues or expenses of more than $10,000 from qrantrnakmq, fundrarsmq,
busmess, and program service activttres outside the US? If "Yes," complete Schedule F, Part I 14b X
15 Old the orqaruzation report on Part IX, column (A), line 3, more than $5,000 of grants or assistance to any
organization or entity located outside the United States? If "Yes," complete Schedule F, Part II 15 X
16 Old the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or assistance
to Individuals located outside the United States? If "Yes," complete Schedule F, Part III 16 X
17 Old the organization report more than $15,000 on Part IX, column (A), line 11e? If "Yes," complete Schedule G, Part I 17 X
18 Old the organization report more than $15,000 total on Part VIII, lines 1c and Ba? If "Yes," complete Schedule G, Part II 18 X
19 Old the orpamzatron report more than $15,000 on Part VIII, line 9a? If "Yes: complete Schedule G, Part III 19 X
20 Old the orqaruzatron operate one or more hospitals? If "Yes," complete Schedule H 20 X
21 Old the organization report more than $5,000 on Part IX, column (A), line 1? If "Yes," complete Schedule I, Parts I and II 21 X
22 Old the organization report more than $5,000 on Part IX, column (A), line 2? If "Yes," complete Schedule I, Parts I and III 22 X
23 Old the organization answer "Yes" to Part VII, Section A, questions 3,4, or 5? If "Yes," complete
Schedule J 23 X
24a Old the orqaruzatron have a tax-exempt bond Issue WIth an outstanding pnncipal amount of more than
$100,000 as of the last day of the year, that was Issued after December 31, 2002? If "Yes," answer questions
24b-24d and complete Schedule K If "No," go to question 25 24a X
b Old the organization Invest any proceeds of tax-exempt bonds beyond a temporary penod exception? 24b
c Old the orqaruzation maintain an escrow account other than a refunding escrow at any time dunng the year
to defease any tax-exempt bonds? 24c
d Old the organization act as an "on behalf or Issuer for bonds outstanding at any time during the year? 24d
25a Section 501(c)(3) and 501 (c)(4) organizations. Old the organization engage In an excess benefit transection
WIth a disqualified person dunng the year? If "Yes," complete Schedule L, Part I 25a X
b Did the organization become aware that It had engaged in an excess benefit transaction WIth a disqualified
person from a prior year? If "Yes," complete Schedule L. Part I 25b X
26 Was a loan to or by a current or former officer, director, trustee, key employee, highly compensated employee, or
disqualified person outstanding as of the end of the orqarnzauon's tax year? If "Yes," complete Schedule L, Part II 26 X
27 Old the organization provide a grant or other assistance to an officer, director, trustee, key employee, or
substantial contributor, or to a person related to such an mdrvidual? If "Yes," complete Schedule L. Part III 27 X f

Form 990 (2008)

DM

AMERFUTURE 08/05/2009 4 15 PM

Form 990 {2008) AMERICAN FUTURE FUND

26-0620554

Paqe4

Part IV Checklist of Required Schedules (continued)
Yes No
28 Dunng the tax year, did any person who IS a current or former officer, director, trustee, or key employee'
a Have a direct business relationship With the organlzallan (other than as an officer, director, trustee, or
employee), or an indirect business relationship through ownership of more than 35% In another entity
(individually or collectively With other person(s) listed in Part VII, Section A)? If "Yes," complete Schedule L, - ~.--
Part IV 28a X
b Have a family member who had a direct or indirect business relationship With the organization? If "Yes,"
complete Schedule L, Part IV 28b X
c Serve as an officer, director, trustee, key employee, partner, Or member of an entity (or a shareholder of a
professtonal corporation) domq business With the organization? If "Yes," complete Schedule L, Part IV 28c X
29 O,d the organization receive more than $25,000 In non-cash contnbutrons? If "Yes," complete Schedule M 29 X
30 Old the organization receive contnbutrons of art, hrstoncal treasures, or other Similar assets, or qualified
conservation contributions? If "Yes," complete Schedule M 30 X
31 Old the organization hqurdate, terminate, or dissolve and cease operations? If "Yes," complete Schedule N,
Part I 31 X
32 Did the organization sell, exchange, dispose of, or transfer more than 25% of Its net assets? If 'Yes: complete
Schedule N, Part /I 32 X
33 Did the organization own 100% of an entity disregarded as separate from the organization under Regulations
sections 301 7701-2 and 301 7701-3? If "Yes," complete Schedule R, Part I 33 X
34 Was the organization related to any tax-exempt or taxable entity? If "Yes," complete Schedule R, Parts II,
III, IV, and V, line 1 34 X
35 Is any related orqarnzatron a controlled entity Within the meaning of section 512(b)(13)? If "Yes," complete
Schedule R, Part V, line 2 35 X
36 Section 501 (c)(3) organizations. Did the orqaruzation make any transfers to an exempt non-charitable related
organization? If "Yes," complete Schedule R, Part V, line 2 36
37 Old the organization conduct more than 5% of Its activities through an entity that IS not a related organization
and that IS treated as a partnership for federal Income tax purposes? If "Yes," complete Schedule R, Part
VI 37 X Form 990 (2008)

OM

AMERFUTURE 0810512009 4 15 PM

Form 990'(2008) AMERICAN FUTURE FUND 26-0620554 Pages

Part V Statements Reqardinq Other IRS Filings and Tax Compliance

Yes No

1a

39

1a Enter the number reported In Box 3 of Fonn 1096, Annual Summary and Transmittal of U S Information Returns Enter -0- If not applicable

b Enter the number of Fonns W-2G Included In line 1a Enter -0- If not applicable

o

1b

x

c Old the organization comply With backup Withholding rules for reportable payments to vendors and reportable

gaming (gambling) Winnings to pnze Winners?

2a Enter the number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending With or Within the year covered by this return

b If at least one IS reported on line 2a, did the organization file all required federal employment tax retums?

Note. If the sum of lines 1a and 2a IS greater than 250, you may be required to e-file this return (see instructions)

3a Old the organization have unrelated business gross income of $1,000 or more dunng the year covered by trns return?

b If "Yes," has It filed a Form 990-T for tlus year? If "No: provide an explanation In Schedule 0

4a At any time dunng the calendar year, did the organization have an Interest In, or a signature or other authonty over, a financial account In a foreign country (such as a bank account, secuntres account, or other financial account)?

b If "Yes," enter the name of the foreign country' ~

See the instructions for exceptions and filing reouirements for Fonn TO F 90-22 1, Report of Foreign Bank and Fmancial Accounts,

Sa Was the organization a party to a prohibited tax shelter transaction at any time dunng the tax year?

b Old any taxable party notify the organization that It was or IS a party to a prohibited tax shelter transaction? c If "Yes," to question Sa or 5b, did the organization file Form BB86-T, Disclosure by Tax-Exempt Entity Regarding Prohibited Tax Shelter Transaction?

1c

2b

3a

x

-
Sa X
5b X
5c
6a X
6b X
.... .-.-
7a X
7b
7c X
¥."'- _ _ -_._-
7e X
7f X
7g X
7h X
--
B
--
9a
9b 6a b

Old the organization sohcrt any contnbutions that were not tax deductible?

If "Yes," did the orparnzatron Include With every solicitation an express statement that such contributions or gifts were not tax deductible?

Organiz:ations that may receive deductible contributions under section 170(c).

Old the organization provide goods or services In exchange for any quid pro quo contnbuuon of more than $757

If "Yes," did the organization notify the donor of the value of the goods or services provided?

7

a

b

c

Old the organization sell, exchange, or otherwise dispose of tangible personal property for which It was required to file Form 8282?

d

If "Yes," Indicate the number of Forms 8282 filed dunng the year

I 7d 1

Did the organization, dunng the year, receive any funds, directly or indirectly, to pay premiums on a personal

benefit contract?

f Did the organization, dunng the year, pay premiums, directly or Indirectly, on a personal benefit contract? g For all contributions of qualified Intellectual property, did the organization file Fonn 8B99 as required?

h For contnbutions of cars, boats, airplanes, and other vehicles, did the organization file a Fonn 1098-C as

e

required?

8 Section 501(c)(3) and other sponsoring organizations maintaining donor advised funds and section 509(a)(3) supporting organizations. Old the supporting orqaruzation, or a fund maintained by a sponsonng organization, have excess business holdings at any time dunng the year?

9 Section 501(c)(3} and other sponsoring organizations maintaining donor advised funds.

a Old the organization make any taxable distnbutrons under section 4966?

b Old the organization make a distribution to a donor, donor adviser. or related person?

10 Section 501 (c)(7) organizations. Enter

a Initiation fees and capital contnbutions Included on Part VIII, hne 12

b Gross receipts, Included on Form 990, Part VIII, hne 12, for pubhc use of club facuitres

3b

4a

X

[10a L

10b

11 Section 501(c)(12) organizations. Enter.

a Gross Income from members or shareholders

b Gross Income from other sources (Do not net amounts due or paid to other sources against amounts due or received from them)

11a

11b

12a Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 In lieu of Form 11 041 ?,'

b If "Yes," enter the amount of tax-exempt Interest received or accrued dunng the year 12b

DM

12a

Form 990 (2008)

AMERFUTURE 08/05/2009 415 PM

Fonn 99@ (2008) AMERICAN FUTURE FUND 26- 0 620554 Page 6

Part VI Governance, Management, and Disclosure (Sections A, B. and C request information about policies not required by the Internal Revenue Code.)

Section A. Governing Body and Management

For each 'Yes" response to lines 2-7b below, and for a "No" response to lines 8 or 9b below, descnbe the circumstances, processes, or changes In Schedule 0 See Instructions.

1a Enter the number of voting members of the governing body f----'1..;;;a-l-_.,:4;_ --i

b Enter the number of voting members that are Independent L....;1..;:b_.__...;;4 --i

2 Old any officer, director, trustee, or key employee have a family relatronship or a busmess relationship With any other officer, director, trustee, or key employee?

3 Old the orqaruzatton delegate control over management duties customarily perfonned by or under the direct

supervision of officers, directors or trustees, or key employees to a management company or other person?

4 Old the organization make any Significant changes to Its organizational documents since the pnor Form 990 was filed?

5 Old the organization become aware dUring the year of a material diversion of the organization's assets?

6 Does the organization have members or stockholders?

7a Does the organization have members, stockholders, or other persons who may elect one or more members of the governing body?

b Are any decisrons of the qovernrnq body subject to approval by members, stockholders, or other persons?

8 Old the organization contemporaneously document the meetings held or wntten actions undertaken dunng the year by the followmq

a The governing body?

b Each committee With authonty to act on behalf of the governing body? 9a Does the orqaruzation have local chapters, branches, or affiliates?

b If "Yes," does the organization have wntten pohcies and procedures governing the acnviues of such chapters, affiliates, and branches to ensure their operations are consistent With those of the organization?

10 Was a copy of the Form 990 provided to the organization's governing body before It was filed? All organizations must descnbe In Schedule 0 the process, If any, the orqaruzatron uses to review the Form 990

11 Is there any officer, director or trustee, or key employee listed In Part VII, Section A, who cannot be reached at the oroaruzatron's rnailmq address? If "Yes" provrde the names and addresses In Schedule 0

Yes No

-- -
2 X
3 X
4 X
5 X
6 X
7a X
7b X
Ba X
Bb X
9a X
9b
10 X
11 X Section B Policies

Yes No
12a Does the organization have a written conflict of Interest policy? If "No," go to line 13 12a X
b Are Officers, directors or trustees, and key employees required to disclose annually Interests that could give
rise to conflicts? 12b X
c Does the organization regularly and consistently monitor and enforce compliance With the policy? If "Yes,"
descnbs In Schedule 0 how thrs IS done 12c X
13 Does the organization have a written wtustleblower policy? 13 X
14 Does the organization have a written document retention and destruction pohcy? 14 X
15 Old the process for determining compensation of the followmp persons Include a review and approval by
Independent persons, comparability data, and contemporaneous substantiation of the deliberation and decisiorr . --. _- .. --
8 The organization's CEO, Executive Director, or top management official? 15a X
b Other officers or key employees of the organization? 15b X
Descnbe the process In Schedule 0 (see Instructions)
168 Old the organization Invest In, contribute assets to, or partrcipate In a JOint venture or Similar arrangement --.- -
With a taxable entity dunng the year? 16a X
b If "Yes," has the organization adopted a wntten policy or procedure requmnq the organization to evaluate
ItS participation In JOint venture arrangements under applicable federal tax law, and taken steps to safeguard - - --
the organization's exempt status With respect to such arrangements? 16b Section C. Disclosure

17 list the states With which a copy of trus Form 990 IS required to be filed ~ None

18 Section 6104 requires an organization to make ItS Form 1023 (or 1024 If applicable), 990, and 990- T (501(c)(3)s only) available for public inspection Indicate how you make these available Check all that apply

o Own website 0 Another's website 0 Upon request

19 Descnbe In Schedule 0 whether (and If so, how), the orparuzatron makes ItS governing documents, conflict of Interest policy, and flnanctal statements available to the public

20 State the name, physical address, and telephone number of the person who possesses the books and records of the

organization ~ AMERICAN FUTURE FUND 4225 FLEUR DRIVE, # 142

DESMOINTE IA 50312

515-720-5250

DAA

Form 990 (2008)

AMERFUTURE 08/05/20094 15 PM

Form 99()'(2008) AMERICAN FUTURE FUND 26-0620554

Page 7

Part VII Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors

Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees

1a Complete this table for all persons required to be listed Use Schedule J-2 If additional space IS needed

• List all of the organization's current officers, directors, trustees (whether individuals or organizations), regardless of amount of compensation, and current key employees Enter -0- In columns (0), (E), and (F) If no compensation was paid.

• List the organization's five current highest compensated employees (other than an officer, director, trustee, or key employee) who received reportable compensation (Box 5 of Form W-2 and/or Box 7 of Form 1099-MISC) of more than $100,000 from the orqaruzation and any related orqaruzatrons.

• list all of the organization's former officers, key employees, and highest compensated employees who received more than $100,000 of reportable compensation from the organization and any related organizations

• list all of the organization's former directors or trustees that received, In the capacity as a former director or trustee of

the organization, more than $10,000 of reportable compensation from the organization and any related organizations

list persons In the followmq order Individual trustees or directors; Institutional trustees, officers, key employees; highest compensated employees' and former such persons

gg Check this box if the ~rqanlzatlon did not comp~nsate any officer, director, trustee, or key employee
(A) (8) (e) (0) (E) (F)
Name and Title Average Position (check all that apply) Reportable Reportable Estimated
hours per Qg_ 0 A "':r: -n compensation compensation amount of
"
week !!l :ll '" ~~ 0 from from relate d other
~~ -c 3
E- o '" the organizations compensation
<tic. \li 0<0 \li
!).C is 3 C6~ organization (W-211099-MISe) from the
Q~ >1.
:0 ~ Cl>8 (W-211099-MISq organization
2' !!!. 3
2' CD and related
!!l CD '0
'" organizations
CD * "
'" <J)
'" '"
r;
a.
NICOLE SCHL NGER
PRESIDENT 1 X 0 a a
SANDRA GREll VER
TREASURER 10 X 0 a a
BARBARA SME TZER
SECRETARY 1 X 0 0 a
CORD OVERTOl
YOUTH OUTR. 1 X 0 0 a Form 990 (2008)

DM

AMERFUTURE 08/05/2009 415 PM

Fdrm 990 (2008) ,AMERICAN FUTURE FUND 26-0620554

Page 8

Part VII Section A. Officers Directors Trustees Key Employees and Highest Compensated Employees (continued)

, , ,
(A) (8) (e) (D) (E) (F)
Name and title Average POSItion (check all tl1at apply) Reportable Reportable Estimated
hours per Qg_ s 0 A CDI -n compensation compensation amount of
~ 2i '" -a'" 0
week g-s o -c 3 from from relaled other
(1)0. g ~ '" oi"5 ~
uc: 0 3 ,<(/) the organizations compensation
Q~ "0 ",-
'" i5" "'8 organization (W-211099-MISC) from the
2" ~ ~ 3
en 2" '" '0 (W.211099-MISC) orqaruzation
iii (!) and related
(I) ::l
CD fjj '"
CD '" organizations
m
a.













1b Total ~ 2 Total number of Individuals (including those In 1a) who received more than $100,000 In reportable compensation from the

o

orcaruzauon ~
Yes No
3 Old the organization list any former officer, director or trustee, key employee, or highest compensated ---_ - ----- ---
employee on line ta? If "Yes," complete Schedule J for such mdividual 3 X
4 For any mdrvrdual listed on line 1a, IS the sum of reportable compensation and other compensation from
the organization and related organizations greater than $150,0007 If 'Yes," complete Schedule J for such ---- --
Individual 4 X
5 Old any person listed on line 1a receive or accrue compensation from any unrelated organization for - - - -
services rendered to the orparuzatron? If "Yes," complete Schedule J for suchperson 5 X Section B. Independent Contractors

1 Complete this table for your five highest compensated Independent contractors that received more than $100,000 of

compensation from the orqaruzatron
(A) (9) comd;Jsatlon
Name and business address Descnptlon of services
THE LEGACY GROUP 750 1, TH STREET, NW
WASHINGTON DC 20006 FUNDRAISING 325,000
CONCORDIA ENTERPRISES, LLC 4015 J SHBYAVE.
DES MOINES IA 50312 CONSULTING 300,000
MCCARTHY MARCUS HENNINGS, LTD. 1850 f • STREET, NW
WASHINGTON DC 20036 PRODUCTION 264,027
MCKENNA & ASSOCIATES, LLC 2321 l ORTH KENTUCKY STR.
ARLINGTON VA 22205 FUNDRAISING 249,000
HANON MCKENDRY 25 OT'J AWA SW.
GRAND RAPIDS MI 49503 PRODUCTION 201,297
2 Total number of Independent contractors (Including those In 1) who received more than $100,000 In
compensation from the orqaruzation ~ = 5 OM

Fonm 990 (2008)

-------.-----

AMERFUTURE 08/05/2009 4 15 PM

Form 990 (2008) AMERICAN FUTURE FUND

26-0620554

Page 9

Part VIII Statement of Revenue

(Al (6) (C) (0)
Total revenue Related or Unrelated Revenue
exempt business excluded from tax
function revenue 5under sections
revenue 125130r514
~!J 1a Federated campaigns 1a
c:c
12::1 b Membersrnp dues 1b
0'10
_E c Fundralsmg events 1c
"''''
4:: .... d Related orparuzanons 1d
.~
.,;·E e Government grants (coninbuuons) 1e
c·-
0'" f All olher contnbunons, giftS, g13nl5,
._ ...
-Q)
::l.c: and similar amounts not Included above 1f 7,480,516
:go
c:"C 9 Noncash eonmbunons Included In hnes 1 a- If $
oc ----- - --- -
u'" h Total. Add lines 1a-1f ~ 7,480,516
Q) Busn. Code
'"
c
Q) 2a
>
Q)
a: b
Q)
u C
~
CIJ d
en
E e
~
en f All other program service revenue
e
a. 9 Total. Add lmes 2a-2f ~
3 Investment incorne (Including orvidends, Interest, and
other similar amounts) ~ 10,092 10,092
4 Income from Investment of tax-exempt bond proceeds ~
5 Royalties ~
(I) Real (II) Personal
6a Gross Rents ,
b Less rental exps !
f
C Rental Inc or (loss) .-. _- -- - - - • _____ r_
.- -- .- - - -
d Net rental mcorne or (loss) ~
7a Gross amount Irom (I) Secunues (II) Other
sales of assets
other than rnventor.
b Less cost or other
baSIS & sales exps ,
c Gam or (loss) - - -_ .. _ _ .. . _ ........ _- ... --- - - . ._ - ---
--~-
d Net gain or (loss) ~
8a Gross Income from fundralslng events
<I> (not including $
:::I
c: of contributions reported on line 1 c)
Q)
> "
Q)
O! See Part IV, line 18 a
.... b Less. direct expenses b
Q)
.c: --- - -- - .- .. - . - _-- -
0 c Net Income or (loss) from fund raisin events ~
9a Gross Income from gamrng activmes
See Part IV, line 19 , , I
a
b Less direct expenses b r-
c Net tncome or (loss) from gamIng activities ~
10a Gross sales of Inventory, less
retums and allowances a !
b Less' cost of goods sold b ,
- _. - --- . - -- _A __ .. -
c Net Income or {loss} from sales of Inventory ~
Miscellaneous Revenue 6usn.Code
. - -- - -~ - - -- - _-- - . -----
11a
b
c
d All other revenue
e Total. Add lines 11a-11d ~
12 Total Revenue. Add lines 1h, 2g, 3,4,5, 6d, 7d, 8c,
9c, 10c, and 11e ~ 7,490,608 10,092 0 0 Form 990 (2008)

OM

AMERFUTURE 08/05/2009 415 PM

Form 990 (200B). AMERICAN FUTURE FUND

26-0620554

Page 10

Part IX Statement of Functional Expenses

Section 501(c)(3) and 501(c)(4) organizations must complete all columns.

All other organizations must complete column (A) but are not required to complete columns (6). (e), and (D).

Do not include amounts reported on lines 6b, (A) (6) (C) (D)
Total expenses Program service Management and Fundralsmg
7b 8b 9b and 10b of Part VIII. expenses general expenses expenses
1 Grants and other assistance to governments and
organizations In the U S See Part IV, line 21
2 Grants and other assistance to individuals In
the U S See Part IV. hne 22
3 Grants and other assistance to governments.
organizations, and lndividuals outside the
US See Part IV, lines 15 and 16
4 Benefits paid to or for members
5 Compensation of current officers, directors,
trustees, and key employees
6 Compensation not Included above, to disqualified
persons (as defined under section 4958(1)(1)) and
persons descnbed In section 4958(c)(3)(8)
7 Other salaries and wages
8 Pension plan comnbunons (Include section 401 (k)
and section 403(b) employer contnbutons)
9 Other employee benefits
10 Payroll taxes
11 Fees for services (non-employees):
a Management
b Legal 192,507 158,363 34,144
c Accounling
d LobbYing
e Protessronal fund raising services See Part IV, Ime 17 609,073 ~ , 609,073
f Investment management fees
9 Other 742,241 595,348 146,893
12 Advertismq and promotion 4,566,004 4,564,206 1,798
13 Office expenses 101,896 97,622 4,274
14 Information technology 93,218 67,856 25,362
15 Royalties
16 Occupancy
17 Travel 17,860 11,574 6,286
18 Payments of travel or entertainment expenses
for any federal, state, or local public officials
19 Conferences, conventions, and meetings 9,150 9,150
20 Interest
21 Payments to affiliates
22 Depreciation. depletron, and amortizatron
23 Insurance
,
24 Other expenses ltermze expenses not
,
covered above (Expenses grouped together
and labeled miscellaneous may not exceed
5% of total expenses shown on line 25 below.)
a
b
c
d
e
f All other expenses
25 Total functional expenses. Add lines 1 throuQh 241 6,331,949 5,494,969 836,980
26 Joint Costs. Check here ~ _U, If follOWing
SOP 98-2 Complete ttus line only If the
organization reported In column (6) JOint costs
from a combined educational campaign and
fundraismo sohcrtatron DAA

Form 990 (2008)

AMERFUTURE 08/05/20094 15 PM

Fbrm 990 (2008). AMERICAN FUTURE FUND

26-0620554

Page 11

I Part X Balance Sheet

(A) Beginning of year

(B)

End of year

1 Cash-non-Interest bearing

2 Savings and temporary cash Investments 3 Pledges and grants receivable, net

4 Accounts receivable, net

5 Receivables from current and former officers, directors, trustees, key employees, or other related parties. Complete Part II of Schedule L

6 Receivables from other disqualified persons (as defined under section 4958(1)(1)) and persons descnbed In section 4958(c)(3)(B) Complete Part II of Schedule L

.!!l 7 Notes and loans receivable, net

~ 8 Inventones for sale or use

II)

« 9 Prepaid expenses and deferred charges

iDa Land, buildmqs, and equipment. cost baSIS b Less' accumulated deprecration. Complete

Part VI of Schedule D

2

1,158,659

3

4

5

6
7
8
9
....... _.-.- - - ~_
10c
11
12
13
14
15
0 16 10a

10b

11 Investments-publicly traded securities

12 Investments--other secuntres, See Part IV, line 11 13 Investments-program-related See Part IV, line 11 14 Intangible assets

15 Other assets See Part IV, line 11

16 Total assets. Add lines 1 through 15 (must equal line 34)

-'_

17

1,158,659

Vl Q) (J t:

~ 27 ttl 28 -g 29

::J u..

._

o

11> 30

-

~ 31

~ 32 a; 33 Z 34

Accounts payable and accrued expenses Grants payable

17
18
19
20
21
f .'1
.
22
23
24
25
0 26
! ' ~\
~
27
28
29 Deferred revenue

Payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons. Complete Part /I of Schedule L

23 Secured mortgages and notes payable to unrelated third parties 24 Unsecured notes and loans payable

25 Other liabilities Complete Part X of Schedule D

26

Total liabilities. Add lines 17 through 25

Organizations that follow SFAS 117, check here ~ ~ and complete lines 27 through 29, and lines 33 and 34. Unrestricted net assets

Temporanly restricted net assets

Permanently restncted net assets

Organizations that do not follow SFAS 117, check here ~ 0 and complete lines 30 through 34 .

Capital stock or trust pnncipa], or current funds

Paid-In or capital surplus, or land, building, or equipment fund Retained earnings, endowment, accumulated Income, or other funds Total net assets or fund balances

Tctal habrhttes and net assets/fund balances

"if u<
:f f,&:
Vi
-_- ._- -::., - ~' 30

31

32

o 33

1,158,659

Financial Statements and Reportlnq

o 34

1,158,659

18 19 20 Tax-exempt bond liabilities

~ 21 Escrow account liability Complete Part IV of Schedule D ~ 22 :0

.~

...J

Part XI

1 Accounting method used to prepare the Form 990 eg Cash 0 Accrual D Other 2a Were the orqaruzation's financial statements compiled or reviewed by an Independent accountant? b Were the organization's financial statements audited by an Independent accountant?

c If "Yes" to lines 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, review, or compilation of Its financial statements and selection of an Independent accountant?

3a As a result of a federal award, was the organization requrred to undergo an audit or audits as set forth In

the Single Audit Act and OMB Circular A-133?

b If "Yes: did the oroaruzatron underqo the required audit or audits?

Yes No
iC' 1. __
-_- .4 0
2a X
2b X 2c

3a

3b

DM

Form 990 (2008)

AMERFUTURE 08/05/2009 415 PM

. '

Department of the Treasury Inlemal Revenue Service

Supplemental Information to Form 990

~ Attach to Form 990. To be completed by organizations to provide additional information for responses to specifiC questions for the Form 990 or to provide any additional information.

OMS No 1545·0047

SCHEDULE 0 (Form 990)

2008

Open to Public Ins ection

AMERICAN FUTURE FUND

Employer Identification number

26-0620554

Name of the organization

Form 990, Part VI, Line 10 - Organization's Process Used to Review Form 990

THE BOARD OF DIRECTORS REVIEW AND UPON THEIR APPROVAL IT IS SIGNED BY THE

BOARD PRESIDENT AND FILED.

For Privacy Act and Paperwork Reduction Act Notice. see the Instructions for Form 990. DM

Schedule 0 (Form 990) 2008

EXHIBIT F

THIS IS A COPY OF A LIVE RE~URN <FROM SMIPS. OFFICIAL USE ONLY.

260620554 11/14/2010541 PM

t'·,

bopartment of the Treasury Internal Revenue Service

Return of Organization Exempt From Income Tax

Under section 501 (c), 527, or 4947(a)(1) of the Internal Revenue Code (except black lung benefit trust or private foundation)

~ The organtzabon may have to use a copy of thrs retum to satisfy state reporbng rsqurrernents

,<IF.orm·' 990

, '

A Fct' the 2009 calendar ear or tax year I><ll1lnnln!l

and iOndiml

o Narr>3 mange

o Inlbalratum

B Clll)C;; ~ app!blb!e Please C Name 01 organwruon 0 Employer Identification number

DM~dl~~ u8Grnsl- ~~~~~I~CAN~~E~'O~T~O~RE~_FUND~~ ~

Isba I or

print or Doing Business Iv;

tyP\l. NlJl1'IOOf and strael (or PObox d IT\a1I ~ nol dalriarnd to .!real aodr0<5)

~~ffiC~~4~2~2~5~FLE~~UR~~D~RI~VE~,~S~U=I=TE~~1~42~------------~--------4- ~~~~

Instrue. City or town, state or country, and ZIP + 4 G GfO$S ro<XIlDlsS 1 ,489 , 719

lions. DES MOINES

Room'su!le

26-0620554

I Tax-exempt status rx 501Ic) ( 4) ~ (Insert no.) r l 4947(a)(1)or r l 527

E Telephone number

o Termnauon

o Arrenda<l rsnan

o AprilcalJ:Jn pending

IA 50312

F Nama and eddress of principal officer

Sandy Greiner, President 4225 Fleur Drive, Suite 142

Des Moines IA 50312

H(a) Is i111S a group return jc;-

affiia\eS? 8 Ye~ ~ NoNa

H(b) ~~~TB1es Yee 0

If 'No.' attach a list (S(lQ mstruclJOns)

J Website· ~ www.americanfuturefund.com

H(c) Group exefTlltxln nUll'OOr ~

K Type of orgaruzallon Ixl Corporabon I rnst r I Assooaton I I C'(I1Sf ~

I L Year 01 fom'iatlOn 2007 M Slate ollD\1aJ dOITOCIIo IA

iJBatbTr:l! Summary

8neRy descnbe the orqamzauon's mission or most stgnrticant acuvmes ..

Amer~~.an. Fut~r,E: ~,~ ~orks ~o p romo t.e _conservati.ve free mar.~et prin'?i.~le~

to the, ~~ t:i:z~n,s. o~ Am~rica. , .

2 Check this bo'x ~O rf the organizatJon dl~~ontlnued Its operauons ~r disposed ~f more~an.:25% of ItS n~t assets

U 3 Number of voting members of the governing body (Part VI, line 1a) . . (.), \(_) ~3~_::--------_

I.J..I ~ 4 Number of mdepsndent voting members of the govemlng body (Part VI, line JPh ) !-=4!....f.........::------ _

Cl '> 5 Total number of employees (Part V, line 2a) )\ _, ~5~_::'_:;:_------

o ~ 6 Tolal number of volunteers (estimate If necessary) (0 ./ 1-=6'-+-=:..:::... _

~<,..,. _-t---'7~a..!.T:.::o~ta!!:1 g.!!.ro!!:s~s;::;u:!.n~re:::.:la:!!ted=bu:::.!:s~ln!!;e:::.:ss~re:::.v~en.:.!u::..e.:.!fro;!!.!.!m..:;p~Elo:.rt~V1~":::;' C.!.O"'lu~m;n~(:!_.,c::-),-~~.k"~:.....;: 11~,:.__! .. __ ._. .; • ....- ._. -;:;::c::-tr:-::---L.I-_;....:.7~a~====~;,:~~:~===~

~ b Net unrelated business taxable Income from Fomn 990- T line 34 \))" 7b

~- . ~ __ ~P.:.!M~r~Y~ea~r~~~--~~~~-=~

"§l 8 ContnbutJons and gran II"'>. ," , .'\1. _.1 ~_....!7..J...:.4=-8.:::0..J,:_:5:.;1::.· .:::6t-.-_-=-'-=-"'-'..J..:.::"'='':::''

(/') c 9 Program service revenu (Part ~,~orr I V~>:.). .

~ 10 Investment Income (PaM VIIIJ:umn (Pi), Iines3.4 , a ~ 10 092

.... 11 other revenue (Part V;;I' ~ rnn (A . es 5 ~~ ,1rif2 nd 1'1e) ..

'~I~\I\n·iP) , 'IV.:::! ... I---___,-,,~+----:~-=-=-=-

12 Total revenue - add line 8..tl)roUQ'hU l' lniUsVa "Part Vllla: olumn (A). une 12} 7 , 490 , 608

;~Rai:t{n!: Sianature Block

13 Grants and Similar amotq1Wqald (Part LX, coluf!111 (A), lJnli.~~) 14 Benefits paid to or for rrnlmbe~P~ !X\ f91~~n (~1~4)

! 15 Salarres, othercompensAbon lJrllo1~,~ I' g" n (A), lines 5-10)

c 16aProfessionai fundralslng fees (Part IX, column (A), IIna 11e)

~ b Total fundrslstng expenses (Part IX, column (D), bne 25) ~ .. ~ 9 6

~

17 Other expenses (Part IX, column (A), lines 11a-11d, 11f-24f) ..

18 Total expenses Add lines 13-17 (must equal Part IX, column (A). Ii~e' 25)

19 Revenue less expenses Subtract line 18 from Ime 12

1 158 659 1 913 598

1.158 659 1 913 598

6 331,949 -423,879

~g

:l..!! 20 Total assets (Part X, line 16) :~

'til'S 21 Total haburtres (Part X, hne 26) • .

"'': 22 Net assets or fund balances Subtract line 21 from line 20

6ealnnTrill of Cumuli Year End of Year

1 158 659 734,840

1 158 659

734,840

under~1penaltres of pequry, I de(cla~ne thall, hD/tarruned thrs return. including accompanymg schedules and stalerOOnls, and to the best of my knowledge

and bel ,It IS true, correct, and a taratJon of preplH'er (other than Officer) IS besOO on alllnformatJon ofwhJch preparor has any l<nowled~

~ .... 1 ~A..L • _1 1-< ~d J I //-/{;'-Ic)

, Signature of officer 1\ C ' Oa1e

~ ~ 11 tl V'R-- t- _::;rre JOE? r

, Type or print name and tJtIe

Sign Here

Pa ld Prepare<'s ~ 1 Date 1 Ch<>ck If I proparers ldenbi)mg nUrr¢>er

~ _,.,. ~ ,/ . ) seH· rvJ (sool11StnJd.Ons)

preparer"sf-s..::,g:._na_tu_re~:..;~~ \,,,£::::.5 I",' ./~_~~b:::~L_.r..:::.._ :;;-"!A""~~~~~ .e.L:::=' "'S-~/'f- /~=_.L:!1::.:1:J./:..:l~4~/~1:!:..!i~e~m:E!Ploy~e~d'!~:....J:~~~4!.;1~8~-~7~8~-~0~3~4~5

Use Only Firm's name(oryours~ Deborah A. r Kolarich CPA EIN ~ 62-1210414

rlselt~p1oyad), r 2908 Poston Ave Phone

address,andZJP +4 Nashville TN 37203 no ~ 615-320-7888

May the IRS diSCUSS thrs return With the preparer shown above? (see instructions) rX, Yes I I No

5~ Privacy Act and Paperwork Reductlcn Act Notice, see the separate Instructions, Form 990 (2009)

USE~t9 \~

THIS IS A COPY OF A LIVE RETURN FROM SMIPS.

OFFICIAL

THIS IS A COPY OF A LIVE RETURN ,FROM SMIPS. OFFICIAL USE ONLY.

260620554,11/1412010541 PM

I;ParttUPI Statement of Program Service Accomplishments

Form 990 (2009) AMERICAN FUTURE li'UND

26-0620554

Page 2

1 Bnelly describe the organization's mission

American Future Fund works to pr~mot~ conse~ative free market principles to th~ citizens.of America.

2 Old the organIZation undertake any Significant program services dunng the year which were not listed on the prior FOm1 990 or 99().EZ?

If "Yes; descnbe these new services on Schedule 0

3 Old the organization cease conducbng, or make slgruficant changes In how rt conducts, any program services?

, .. " .

If "Yes," descnbe these changes on Schedule O.

4 Descnbe the exempt purpose achievements for each of the orgamzation's three largest program services by expenses, Section 501(c)(3) and 501 (c)(4) organizations and sschon 4947{a)(1) trusts are required to report the amount of grants and allocations to others, the total expenses, and revenue, If any, for each program service reported.

o Yes ~ No

o Yes ~ No

4a (Code: ) (Expenses $ 1 , ~ ~ 6 ,060 Including grants of $ ) (Revenue $. .

The. org~n~zation'~ pr~~ry' ex~~.p~rpose is,. to educat~ ~d advo?ate for conservative and free market ideas. This was achieved by providing the American p~opl~ a mechanis~ ':£0. c~mmi.inicate and, adv~~~~~ ~n .th,e A-ssu~s 1;hat most ~l1ter:es~ .. and .conc~z:n them .. The 9rqani~~tion g~l1erat~c;i matrials for public di.strib~t~o~, participated in foz:ums(. alyze~ legislation, and throuqh.n~~io~a~ ~~ ~09~1 ~~dia educ~te~ ~~~; r~c~ people. o~ taxes, energy securi ty .. and indepen<;ience r .. and choi~~n ed~ca tion ...

. . . ... (O':J - .

~. '», ':

4c (Code.

) (Expenses $

Including grants of $

) (Revenue $

4d Other program services (Oescnbe in Schedule 0 )

(Expenses $ Including grants of $

4e Total program service expenses ~ 1 , 816 , 060

) (Revenue $

Form 990 (20(9)

OM

THIS IS A COPY OF A LIVE RETURN FROM SMIPS. OFFICIAL USE ONLY.

OFFICIAL USE ONLY.

THIS IS A COPY OF A LIVE RETURN ,FROM SMIPS.

2606205541~f1412010 5 41 PM

form 990 (2009) AMERICAN FUTURE FUND

26-0620554

Yes No

.. ;';;Pai't{iY} Checklist of Re uired Schedules

Is the orgamzatJon descnbed In section 501 (c)(3) or 4947(a)(1) (other than a pnvate foundation)? If "Yes: complete Schedule A

2 Is the orgamzatJon required to complete Schedule B, Schedule of Contnbutors?

3 Old the orgamzatlon engage in direct or mdirect pohncal campaIgn activmas on behalf of or In opposition to

candidates for pubbc office? If "Yes: complete Schedule C, Part I . . . .

4 Section 501(c){3) organizations. Old the organization engage in lobbYing actMlles? If "Yes: complete

Schedule C, Part II .. ., .

5 Section 501(c)(4), 501{c)(5), and 501(c)(6) organizations. Is the orgamzatJon sublect to the secbon 6033(e) nonce and reporllng requirement and proxy tax? If 'Yes: complete Schedule C. Part III

6

Old the organIZation mamtam any donor adVised funds or any slmtlar funds or accounts where donors have the right to provide advce on the dlstnbutJon or Investment of amounts In such funds or accounts? If "Yes: complete Schedule 0, Part I

Old the orgamzabon recewe or hold a conservation easement, including easements to preserve open space, the environment, histone land areas, or histonc structures? If "Yes: complete Schedule 0, Part II

Did the orgamzabon maintain collecbons of works of art, lustoncal treasures, or other smular assets? If "Yes," complete Schedule O. Part III

Old the orgamzatIon report an amount In Part X, line 21. serve as a custodian for amounts not listed In Part X. or provide Credit counseling. debt management. credit repair, or debt negotJatlOn services? If "Yes: complete Schedule 0, Part IV

7

8

9

10 Old the orgsmzabon, directly or through a related orgamzatJon, hold assets 10 term, perma r

quaai-endowments? If "Yes," completa Schedule 0, Part V n

11 Is the organizsbon's answer to any of the folloWing questions "Yes'? If so, complete schel:lllje 0, Parts VI,

VII, VIII. IX, or X as applicable ~ -"

• Old the organlzabon report an amount for la'~d, buildings, and equipment 10 ""~, 1~1O? If 'Yes;: complete

Schedule D. Part VI f' 'l)

• Old the organIZatIon report an amount for mvestments-e-other sec~es ~rt X. line 12 that IS 5% or more

of Its total assets reported In Part X. hne 16? If "'Yes," complete Ie D, Part VII

• Did the organIZation report an amount for Investments--p reta In Part X, line 13 that IS 5% or more

of Its total assets reported In Part X. hne 16? If "Yes," hedule D, Part VIII

• Old the organlZaoon report an amount for other assets In Part X, line 15 that IS 5% or more of Its total assets

reported In Part X,lIne t6? If "Yes," complete Sc~!e 0 rt IX.

• Did the orgamzatlon report an amount for othar fiablh~n Part X, hne 25? If "Yes," complete Schedule 0, Part X

• Old the organlZabon's separate or consolidated finanCial statements for the tax year mctude a footnote that addresses the organlzallon's liability for uncertain tax positions under FIN 48? If 'Yes: complete Schedule D, Part X

12 Old the orgamzabon obtain separate. independent audited financial statements for the tax year? If "Yes," complete Schedule 0, Parts XI, XII, and XIII.

12A Was the orgamzabon Included In consolidated, Independent audited financial statements for the tax year?

If "Yes," complebng Schedule 0, Parts XI, XII, and XIII IS opllonal .

13 Is the orgamzabon a school descnbed In sectJon 170(b)(1)(A)OI)? If "Yas: complete Schedule E .

148 Did the orgamzabon maintain an office. employees. or agents outside of the Unrted States?

b Old the orgamzabon have aggregate revenues or expenses of more than $10,000 from grantrnaking, fundrelsmg, business, and program service aotMties outside the Umted States? If 'Yes," complete Schedule F, Part I

15 Old the organIZation report on Part IX. column (A). line 3, more than $5,000 of grants or assistance to any

orgamzatlon or enbty located outside the United States? If "Yes," complate Schedule F. Part II .

16 Did the orgamzabon report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or assistance

to indIVIduals located outside the United States? If ·Yes,· complete Schedule F, Part III ..

17 Old the organlZSbon report a total of more than $15.000 of expenses for professional fundralslng services on Part IX. column (A), hnes 6 and 11e? If "Yes," completa Schedule G. Part I

18 Old the orgamzabon report more than $15.000 total of fundratsmg event gross mcome and contnb~lIons on

Part VIII, lines 1c and Sa? If "Yes: completa Schedule G, Part II . .

19 Old the orgamzabon report more than $15.000 of gross Income from gaming aclMtJes on Part VIII, line 9a?

If "'Yes." complete Schedule G. Part III

20

OM

Page 3

4

x

2 X

x

3 X

6 X

6

X

7

X

8

X

9

X

10

THIS IS A COPY OF A LIVE RETURN FROM SMIPS.

OFFICIAL USE ONLY.

14b X

16 X

16 X

17 X

18 X

19 X

20 X

Form 990 (2009)

THIS IS A COPY OF A LIVE RETURN ,FROM SMIPS. OFFICIAL USE ONLY.

260620554,1111412010541 PM

b';:Rar.t~IM·: Checklist of Re uired Schedules

Page 4
Yes No
21 X
22 X
23 X
24a X
24b
24c
24d
25a X
25b X
26 X
27 X
JJf1r ..... ,,, .... ~ :C~ ....
~~~!.~~. :. !.! .... '-
;t~ ~~:~~ ~r~~J:!;
28a X
28b X
2Sc X
29 X
30 X
31 X
32 X
33 X
34 X
35 X
36
37 X
38 X
Form 990 (2009) Form 990 (2009) AMERICAN FUTURE FUND

26-0620554

21 Did the orgamzabon report more than $5,000 of grants and othar assistance to governments and orgamzatlons In the United States on Part IX, celumn (A), hne 1? If "Yes," complete Schedule I, Parts I and II

22 Old the orgamzabon report more than $5,000 of grants and other assistance to IndMduals In the United States on Part IX, celumn (A), hne 2? If 'Yes: cemplete Schedule I, Parts I and III .

23 Old the orgamzabon answer "Yes' to Part VII, Section A, hne 3, 4, or 5 about cempensatlon of the organizabon's current and former officers, directors, trustees, key employees, and highest compensated employees? If ''Yes," cemplete Schedule J

24a Old the organlZSl!on have a tax-exempt bond Issue WIth an outstanding prinCipal amount of more than $100,000 as of the last day of the year, that was ISSUed after December 31, 2002? If "Yes,' answer lines

24b through 24d and complete Schedule K If "No: go to hne 25 .,

b Old the orgamzallon Invest any proceeds of tax-exempt bonds beyond a temporary paned excapncn?

C Old the orgaruzanon maintain an escrow account other than a refunding escrow at any time during the year

to defease any tax-exempt bonds? ... . .

d Old the orgamzabon act as an 'on behalf of issuer far bonds outstanding at any bme during the year? , ,. 25a Section 501(c)(3) and 501(c)(4) organizations. Old the organlZStIon engage In an excess benefit transaction with a disqualrfied person dunng the year? If 'Yes," complete Schedule L, Part I

b Is the organlZSbon aware that rt engaged In an excess benefit transaction With a disqualified person In a pnor year, and that the transaction has not been reported on any of the organlZStion's pnor Forms 990 or

99O-EZ? If "Yes,' complete Schedule L, Part I ,

26 Was a loan to or by a current or former officer, dlr~ctor', trust~: key e~ployee, hlQhly ce~p(n~l!.ted employee, or

disqualified person outstanding as of the end of the organlzallon's tax year? If ·Yes,' le~edule L, Part II

27 Old the organization provide a grant or other assistance to an officer, director, trustee, ployee, substantial centributor, or a grant selection comrmttes member, or to a person ~~o sd'ch an individual?

If "Yes,' complete Schedule L, Part III " . ~)

28 Was the organizabon a party to a business transacbon with one of the rtres (see Schedule L,

Part IV mstruetrons for applicable filing thresholds, condrtions, and/x a A current or former officer, director, trustee, or key employee? If~ cemplete Schedule L, Part IV

b A family member of a current or fanner officer, director, t pro ~employee? If 'Yes,' complete

Schedule L. Part IV

. .

c An enbty of which a current or farmer officer, dtrector, , or key employee of the organization (or a

family member) was en officer, director, trustee, ~ Indll"ect owner? If "Yes," complete Schedule L,

Part IV . .. .. y .

29 Old the organlZSbon receIVe more than $25,000 In non-cash contnbutions? If "Yes,' cemplete Schedule M

30 Old the organlzabon receive contnbuacns of art, histoncal treasures, or other Similar assets, or qualified

conservation contnbutlons? If 'Yes," cemplete Schedule M ...

31 Old the organizalion liqUidate, termmate, or dissolve and cease operations? If 'Yes," cemplate Schedule N, Part I

~. . . . . .

32 Did the organlZSllon sell, exchange, dispose of, or transfer more than 25% of rts net assets? If "Yes." cemplete

Schedule N. Part II " ...

33 Old the organlZSbon own 100% of an entity disregarded as separate from the organization under Regulations

sections 301 7701-2 and 301 n01-3? If "Yes,' complete Schedule R, Part I . ,

34 Was the orgamzatlon relatad to any tax-exempt or texable entity? If 'Yes,' complete Schedule R, Parts II,

III, IV, and V, line 1 ..... ,

35 Is any related orgaruz.a1Jon a controlled entity WIthin the meanmg of secton 512(b}(13}? If "Yes,' cemplete Schedule R, Part V, bne 2

. . . .. . .

36 Section 501 (c)(3) organizations. Old the orqaruzanon make any transfers to en exempt non-charttable related

organization? If "Yes: complete Schedule R. Part V, line 2

37 Old the organlZSbon cenduct more than 5% of Its aclMties th;ough an ~nbty that'is ~~t a r~iated or9'anb:ail~n and that IS treated as a partnership for federal mcorne tax purposes? If "Yes,' complete Schedule R,

Part VI

38 Old the organlZSlIon complete Scheduie 0 and' provide ~~pl~natlOns in' SChedul~'O for Part VI, h~es 11 and 19? Note. All Form 990 filers are re wed to cem lete Schedule O ..

OM

THIS IS A COPY OF A LIVE RETURN FROM SMIPS.

OFFICIAL USE ONLY.

THIS IS A COPY OF A LIVE RE'TURN FROM SMIPS.

OFFICIAL USE ONLY.

260620554 ~ 111412010541 PM

, '

Page 5

26-0620554

s and Tax Com liance

Yes No

1a Enter the number reported In Box :) of Form 1096. Annual Summary and Transmittal of ~~~; ~~~~ '~_ j"~.:' ;

U.S. Informabon Retums. Enter -0- If not applicable 1--!1~a+~1:-9::::_ --j., r~-! ~"r;" ."

b Enter the number of Forms W-2G included m bne 1a. Enter -0- if not applicable .. 1b 0 '~tJ~:.':· ',:_

e Did the orgamzabon comply With backup Wlthholdmg rules for reportable payments to vendors and reportable !~~:,} '(: '~'" :~.

gaming (gambling) Winnings to pnze Winners?

28 Enter the number of employees reported on Form W-3, Transmittal of Wage and Tax ... ;ft·~ .',' , '. ,

Statements, filed for the calendar year ending With or Within the year covered by thiS return . L..!2:!:a...J.._O=-- --1~~~~·~; :~~~ ~'"

b If at least one IS reported on hne 2a, did the orgamzatlon lile all reqUired federal employment tax retums? 2b

Note. If the sum of lines 1 a and 2a IS greater than 250, you may be required to e-file thiS return. (see ~'f~; :~:~;: ":f~

t •. ) ~!~i.. ~..Ii\f_~ r:,;t:. ... I

Ins rucnons {~';" :'.:-:'~ . ~,~

38 Did the organIZatIOn have unrelated business gross Income of $1,000 or more dunng the year covered by ::-;,.-." ,~;~ • -'_ .

trus retum? 3a X

b If "Yes,' has It filed a Form 990- T for tillS year? If "No,' proVide an explanabon m Schedule 0 3b

4a At any lime dunng the calendar year, did the organIZation have an interest In, or a sIgnature or other authonty

over, a financral account In a foreign country (such as a bank account, securities account, or other financial

account)?

b If "Yes," enter the name of the foreign country'" .

See the Instrucbons for exceptions and fiilng requirements for Form TD F 90-22.1. Report of Foreign Bank and Financial Accounts.

Sa Was the orgamzallon a party to a prohibited tax she!1er transacbon at any time during the

b Did any taxable party nobfy the organIZatIOn that It was or IS a party to a prohibited tax action?

c If "Yes," to hne 5a or 5b, did the organization file Form 8886- T, Disclosure by Tax-Exe tlly Regarding

Prohibited Tax Shelter Transacncn? ~

6a Does the orgamzatlon have annual gross receipts that are normally greater ~1J-~1().9JOO, and did the

orgamzatJon soliCit any contnbubons that were not tax deductible? 'l) . . .

b If "Yes," did the organizabon Include with every solicitation an expre s ent that such contributions or

gifts were not tax deductible? ..

7 Organizations that may receive deductible contrlbutlon

a Did the orgamzabon receIVe a payment In excess of $75,~ and services prOVided to the payor?

b If "Yes," did the organlZabon nobty th~ do~or of th~lue 0 e ~s or servicee pro~ded; :

c Did the orgamzabon sell, exchange, or ctherwise dls~ of tangible personal property for which It was required to file Form 8282?

d If "T'es,· indicate the number of Forms 8282 filed dunng the year. .., L.!.7_!::d-L. _

e Old the organization, dunng the year, recewe any funds, dIrectly or Indirectly, to pay premiums on a personal benefit contract?

1c

6a X

5b X

5c

6a X

6b X

7a

7b

. . .

Did the orgamzatlon, dunng the year, pay premiums, directly or indirectly, on a personal bene1it contract?

g For all contnbubons of qualified Intellectual property, did the orgamzabon file Form 8899 as required?

h For contnbutions of cars, boats, airplanes, and other veruclee, did the orgamzabon file a Form 1098-C as

required? , ... ..

8 Sponsoring organizations maintaining donor advised funds and section 609(a)(3) supporting organlzatfons. Did the supportmg organizabon, or a donor advised fund maintained by a sponsonng orgamzatlOn, have excess business holdings at any time dunng the year?

9 Sponsoring organizations maIntainIng donor advised funds.

a Old the organlZabon make any taxable distnbunons under section 4966?

b Old the organlZSbon make a distribu1ion to a donor, donor adviser, or related person?

10 Section 501 (c)(7) organizations. Enter w>S 'f:'~ ~ .. _; i'i;w':,A . ~.~ .-;,. J;.o,

a lmnation fees and caprtal contnbubons Included on Part VIII, line 12 10a ::';::' '" ..... " ,

b Gross receipts, included on Form 990, Part VIII. Ime 12, for public use of club fac'~rties !---!'10::b~--------;'~~;';' ;:~~ • .?: :1'[;" '

11 a ~~=:~::~:~ ::~::::'a~en~:~rs ;,~~.~.;: ~~.~~;».,'

b Gross Income from other sources (Do not net amounts due or paId to other sources against -

amounts due or receIVed from them) 11b ~ t,n(~;_ . ./,

128 Section 4947(a)(1) non-exempt charitable tr~~t&.ls the organ~1ion filing F~rm 990 In he'u of Form 1041?

b If "Yes' enter the amount of tax-exam t Interest received or accrued dunn the ear 12b

8

" , ..

t~.-

9a

9b

12a

Form 990 (2009)

OM

THIS IS A COPY OF A LIVE RETURN FROM SMIPS.

OFFICIAL USE ONLY.

THIS IS A COPY OF A LIVE RETURN FROM SMIPS. OFFICIAL USE ONLY.

260620554.11J1412010 5 41 PM

"'orm 990(2009) AMERICAN FUTURE FUND 26-0620554 Page 6

:tP,~ftt_V.(~ Governance, Management, and Disclosure For each "Yes" response to lines 2 through 7b below, and

for a "No" response to line Sa, 8b, or 10b below, describe the circumstances, processes, or changes In Schedule 0 See instructions

Section A. GovernlnQ Bodv and Management

Yes No

1a Enter the number of voting members of the govemlOg body b Enter the number of votmg members that are independent

2 Old any officer, director, trustee, or key employee have a family relallOnship or a busmess relationship with

any other officer, director, trustee, or key employee? .. . . ... . ..

3 Old the organizatIOn delegate control over management duties customanly performed by or under the direct

supervision of officers. directors or trustees, or key employees to a management company or other person?

4 Old the orgamzabon make any significant changes to Its organIZational documents since the pnor Form 990 was filed?

5 Old the organlzalJon become aware dunng the year of a matenal diverson of the organlzallOn's assets?

6 Does the organizabon have members or stockholders?

7a Does the organIZation have members, stockholders, or other persons who may elect one or more members

of the goveming body? . . . . .. . .

b Are any deCISIOns of the govemlng body subject to approval by members, stockholders, or other parsons?

8 Did the organIZatIOn contemporaneously document the meetings held or wntten actions undertaken dunng the year by the folloWlOg

a The governing body? ....

b Each committee WIth authorny to act on behalf of the governmg body? . .. . .. . .

9 Is there any officer, director, trustee, or key employee hsted 10 Part VII, Section A, Who~an be reached

at the olRanizatlon's mailing address? If "Yes • proVIde the names and addresses in SC ~~ ,....,..."':'~ __ ~_--:, ....... __ "-=-9-J,_.....I."':X;,:_

Section B. Policies (This Section B requests information about policies t required by the Internal

Revenue Code.) ~~----------------------r--r--

10a Does the orgamzabon have local chapters, branches, or affiliates? . __ ~._(() ~) .

b If 'Yes,' does the organization have wntten policies and procedures 90~g the activities of such chapters. affiliates, and branches to ensure their operations are consistent ~~ose of the orgamzation?

11 Has the organlzallOn provided a copy of this Form 990 to aU ~f its govemlng body before filing the form?

11a Oescnbe m' Schedule 0 the process: If any: 'U~ed by th~",zation to re;lew thrs Form 990 .

128 Does the organIZation have a wntten conflict of In~t~? If "No," go to hne 13

b Are officers, directors or trustees, and key employee~qulred to dISClose ennually interests that could gIVe nse to conthcts?

c Does the organizatJon regularly and consistently rnomtor and enforce comphance with the polley? If "Yes,"

descnbe In Schedule 0 how this IS done

13 Does the orgaruzabon have a wntten whlStleblower poficy? •.

14 Does the organlZabon have a wntten document retenbon and destruction policy? .

15 Old the process for determining compensation of the follOWing persons Include a reVIew and approval by

Independent persons, comparability data, and contemporaneous substennanon of the deliberatIOn and decistcn? a The organIZation's CEO, ExecutIVe Director. or top management official ..

b Other officers or key employees of the orgaruzabon

If "Yes' to line 15a or 15b, descnbe the process In Schedule O. (See ;nstructions )

16a Old the organlZalJon mvest In, oontnbute assets to, or participate In a jomt venture or Similar arrangement Wlth a taxable entrty dunng the year?

b If "Yes,' has the organizatJon adopted a wntten pohcy or procedure requiring th~ orgamza~ to evaluate

Its participation in JOint venture arrangements under apphcable federal tax law, and taken steps to safeguard the olllanlZa!ton's exemot status WIth respect to such erranaements?

3 X

4 X

5 X

6 X

7a X

7b X

8b X

Yes No

10a X

10b

11 X

12a X

12b X

12c X

13 X

15b X

Section C. Disclosure

17 List the states WIth which a copy of thiS Form 990 IS reqUired to be filed" None

18 Section 6104 requires an orgamzatJon to make Its Forms 1023 (or 1024 rf applicable), 990, and 990:;- (S(>1(c)(3)s only) avaIlable for public mepecuen. Indicate how you make these available. Check all that apply

o Own website 0 Another's website ~ Upon request

19 Descnbe In Schedule 0 whether (and If so, how), the orgamzallon makes Its govemlng documents, conflict of Interest policy, and finanCIal statements available to the pubhc.

20 State the name, physical address, and telephone number of the person who possesses the books and raccrds of the

orgamzation" AMERICAN E'U'l'URE FUND 4225 FLEUR DRIVE STE ,

DES MOINES . . IA 503'12

142 515-720-5250

OM

Form 990 (2009)

THIS IS A COPY OF A LIVE RETURN FROM SMIPS.

OFFICIAL USE ONLY.

THIS IS A COPY OF A LIVE RETURN ,FROM SMIPS.

OFFICIAL USE ONLY.

26062055411/15120101115AM

Form 990 (2009) AMERICAN FUTURE FUND 26-0620554

Tart VJI Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors

Page 7

Sectron A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees

1a Complete this table for all persons requred to be listed Report compensauon for the calendar year ending with or within the organization's tax year Use Schedule J-2 If additional space IS needed

• List all of the orqarazauon's current officers, directors, trustees (whether individuals or organizations), regardless of amount of compensation Enter -0· In columns (0), (E), and (F) If no compensation was paid

• list all of the orqaruzauon's current key employees See Instructions for defiruuon of "key employee"

• List the organization's five current highest compensated employees (other than an officer, director, trustee, or key employee) who received reportable compensation (Box 5 of Form W-2 andlor Box 7 of Form 1099-MISC) of more than $100,000 from the orqamzauon and any related orqamzatrons

• list all of the organlzalion's former officers, key employees, and highest compensated employees who received more than $100,000 of reportable compensation from the organization and any related organizations

• list all of the organization's former dIrectors or trustees that received, In the capacity as a former director or trustee of

the orgaOlzalion, more than $10,000 of reportable cornpensatron from the organization and any related organizations

list persons In the follOWing order individual trustees or directors, institutIOnal trustees, officers, key employees, highest compensated employees, and former such persons

!XI Check thrs box If the oroaruzanon did not comQsnsate any current officer, director, or trustee
(A) (8) (e) (0) (E) (F)
Name and Trtle Average Position (check all that apply) Reportable Reportable Eslimated
hours per 0- 0 ;>;; a>:r -n compensation compensation amount of
week ~§. ::> :!\ II> ~~ 0 from from relaled other
~ '< 3
:::;:~ @ .. the organlzabons compensation
CPc. 0(1) ~
!1" g 3 -<'" organization "" (W-2J1099-MISC) from the
'0 .. -
De!. ::I 5" "8 (W-2Jl099-MIS~() orqaruzancn
~- !!!.
2 -< 3
2 '" and related
'" " '0
<> co organizations
'" ::> r~0)
'" ,. '"
co III
~
Sandy Greiner ~!O .j
Presl.dent 10.00 X X 0 0 0
Barbara Smeltzer < iV>-
Treasurer 1.00 X X .~ 0 0 0
Kather~ne Polking " ~j _.,J
Secretar_y 1.00 X ~' 0 0 0
Cord Overton A. '\ .J
youth Coord~nator 1.00 X Jt 0 0 0 OAA

Form 990 (2009)

THIS IS A COPY OF A LIVE RETURN FROM SMIPS.

OFFICIAL USE ONLY.

THIS IS A COPY OF A LIVE RETURN ,FROM SMIPS.

OFFICIAL USE ONLY.

260620554 1111512010 1115AM

Form 990 12009) AMERICAN

FUTURE FUND

26-0620554

Page 8

Part VH • Section A Officers

Directors Trustees Key Employees and Highest Compensated Employees (continued)

. . . .
(A) (B) (e) (0) (E) (F)
, Name and Title Average Posmon (check all that apply) Reportable Reportable Estimated
hours per compensation compensation amount of
0- ~ ~ "':C -n
week ~5. " 36 § from from related other
~~ ~ 0 -e 12.:r the orgamzatlons compensation
I: ~ t> ot> ~
01: 5" 3 """, organization (W·211099-MtSC) from the
Be. "2. ",-
" .. n (W-211099·MtSC) organIZation
~2 !2. 0 0
'< 3 and related
2 '"
S .. "0
.. orgamzabons
en "
'" !D ~
.. ..
c.







~CO
~"
.o.>
I{\ \0 _/.
« ~ Iv)'
r
~( ;:J -"
r
A '~
1b Total '" ~ 2 Total number of individuals (including but not limited to those listed above) who received more than $100,000 In

~ 0

reportable compensatton from the oroamzanon
Yes No
3 Old the organization list any former officer, director or trustee, key employee, or highest compensated
employee on hne 1a? If "Yes," complete Schedule J for such individual 3 X
4 For any individual listed on hne ta, IS the sum of reportable compensation and other compensation from
Ihe orgamzallon and related orqaruzaaons grealer than $150,OOO? If 'Yes: complete Schedule J for such X
mdividual 4
5 Old any person listed on hne 1a receive or accrue compensation from any unrelated organization for
services rendered to the organization? If ·Yes," complete Schedule J for such person 5 X Section B Independent Contractors

Complete trns table for your five highest compensated Independent contractors that received more than 5100,000 of

compensation from the orqaruzauon
Name and ~~ness address (8) (C)
DescnpllOO of selVlces Compensa1lOn
Mentzer Med.l.a 600 F~ .l.rmont Avenue Suite 306
Towson MD 21286 Advertising 1,289 001
Concord.l.a Enterpr.l.ses, LLC 400 Lc cust Street, SUl.te 330
Des Moines IA 50309 Consultinq 406 232



2 Total number of Independent contractors (mcludlng but not limited to those listed above) who received
more than $100,000 10 compensation from the orcaruzanon ~ '2 OM

Form 990 (2009)

THIS IS A COPY OF A LIVE RETURN FROM SMIPS.

OFFICIAL USE ONLY.

THIS IS A COPY OF A LIVE RE,TURN FROM SMIPS.

OFFICIAL USE ONLY.

260620554,11/1412010541 PM

9

c Fundralsmg events d Related orgamzabons e Government grants (contrilutJo/ls) f NJ other contnbubons, gifts, glalllS,

and SIIllIar amounts not Included above 1f

~~$--~~~~~r~~~~~~~1~~~~~~

b c d e

f All other program service revenue

3 Investment mcome (Including dMdends, Inlerest, and

other similar amounts) , ~

4 Income from Investment of tax-exempt bond proceed .. 5 Royalties

6a Gross Renls 1-------+------b

c d

7a I>ros'samDul1l;,;.;;,:iF'-=~='---,.-------''--'t-

b

c Galnor\,- .• -I1'- -L -4.~

d Net gain or (loss)

8a Gross income from fundraJslllg events (not Including $

of contnbullons reported on line le) See Part N. hne 18

b Less direct expenses .. c Net Income or (loss) from Iundra,ISU'lS-!~!l!! __ _J~

9a Gross mcoma from gallllng actMtles See Part N, lme 19

b Less direct expenses .

c Net Income or (loss) from gaming 108 Gross sales of mventory, less -r:;.:..:.:=----''--_.:;._,~~~~

b c

11a b c

d All other revenue.

e Total. Add Imes 11a-11d

OM

THIS IS A COPY OF A LIVE RETURN FROM SMIPS.

OFFICIAL USE ONLY.

THIS IS A COpy OF A LIVE RE,TURN FROM SMIPS. OFFICIAL USE ONLY.

26062055411/~412010 5'41 PM

::~aff'IX': Statement of Functional Expenses

Form 990 (2009) AMERICAN FUTURE FOND

26-0620554

Page 10

Section 501 (c)(3) and 501(c)(4) organizations must complete all columns.

All other organizations must complete column (AI but are not required to complete columns (8), (e), and (0).

on lines ab, Total
Grants and other asastencs to governments and
organlzallons In the U S See Part IV, hne 21
2 Grants and other assistance to IndiViduals in
the US See Part IV, hne 22
3 Grants and other assistance to govemments,
orgamzatlons. and Individuals outslde the
U.S See Part IV,Iines 15 and 16
4 Benefits paid to or for members
5 CompensatIon of current officers, directors,
trustees, and key employees
6 Compensabon nollncluded above, to disqualified
persons (as defined under section 4958(~(1» and
persons descnbed In secIIon 4958(c)(3)(8)
7 Other satanes and wages
8 Pension plan contnbu'oons (Include secaon 401(k)
end secnon 403(b) employer contnbutJons)
9 Other employee benefits
10 Payroll taxes .
11 Fees for services (non-employees)
a Management
b Legal
c AccountIng
d Lobbymg
e ProfessIOnal fundralslIlQ services See Part IV, Ime 1
f Investment management fees
9 Other
12 AdvertiSing and promonon
13 Office expenses
14 Information technology
15 Royalties
16 Occupancy
17 Travel
18 Payments of travel or entertamment
for any federal, slate. or local pubfic officials
19 Conferences. conventions, and meetings
20 Interest
21 Payments to affiliates
22 Deprectation, depletion, and amcmzatron
23 Insurance
24 Other expenses itemIZe expenses not
covered above. (Expenses grouped together
and labeled rruscellaneous may not exceed
5% of total expenses shown on hne 25 below
a Reimbur~~d.Pr?gram Exp
b .. ~roc:luc:tion & Wri ti!19 .
e ~ist ~enta:l
d Data Resources
e Telephone
f All other expenses
25
26 Joint costs. Check here ~ Form (2009)

THIS IS A COpy OF A LIVE RETURN FROM SMIPS. OFFICIAL USE ONLY.

260820554,11.'1412010541 PM

1 CasO-non .. mterest bearing

2 Savings and temporary cash Investments 3 Pledges and grants rec6Nable, net

4 Accounts receivable, net

5 Receivables from current and fonner officers, directors. trustees, key employees, end highest compensated employees Complete Part II of

Schedule L .... .....

6 ReceIVables from other disqualified persons (as defined under section 4958(f)(1)} and persons descnbed In section 4958(c)(3}(B}. Complete Part" of Schedule L

7 Notes and loans receIVable, net 8 Inventonas for sale or use

9 Prepaid expenses and deferred charges

10a Land, buildings, and equipment· cost or other baSIS Complete Part VI of Schedule D

b Less: accumulated depreciation .

11 Investmenls-publicly traded secuntJes

12 Investments-other securities See Part IV. line 11 13 Investmenls--program-related Sea Part IV, line 11

14 Intangible assets .

Other assets Sea Part IV, line 11

Accounts payable and accrued expenses 18 Grants payable

19 Deferred revenue

20 Tax-exempt bond Il8bihbes

31 21 Escrow or custodial account babllity Complete Part IV 0 ~ 22 Payables to current and former officers, dll'ectors,

:g employees. highest compensated employees. and qu IlIied

:::i persons Complete Part II of Schedule L "'-'

23 Secured mortgages and notes payable to unrelat~lTd parties . 24 Unsecured notes and loans payable to unrelated third parties

25 Other Itabllibes Complete Part X of Schedule D

Organizations that tollow SFAS 117, check here and

complete Unes 27 through 29, and lines 33 and 34. Unrestncted net assets

Temporenly restncted net assets Permanently restncted net assets

OrganIZations that do not follow SFAS 117, check here'O .

5 and complete IIne8 30 through 34.

$ 30 Capital stock or trust pnnclpal. or current funds

~ 31 Piild .. m or capttal surplus, or land, building, or equipment fund

.... 32 Retained eamlllgs, endowment, accumulated Income, or other funds . ti 33 Total net assets or fund balances Z

'g 29 ~

11.

OM

THIS IS A COPY OF A LIVE RETURN FROM SMIPS. OFFICIAL USE ONLY.

26062055~ 11J1412010 541 PM

~~patt~l;! Financial Statements and Reportmg

Ponn 990 (2009) AMERICAN FUTURE FUND

26-0620554

Page 12

Yes No

1 Accountmg method used to prepare the Fonn 990 [g] cash 0 Accrual 0 Other _

If the orgarnzalJon changed Its method of accounting from a prior year or checked "Other.· explain in

ScheduleD

2a Were the organization's finanCial statements complied or reviewed by an Independent accountant? , b Were the orgaruzation's finencml stataments audited by an Independent accountant? , ,

e If "Yes' to tne 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, reView, or compdalJon of Its financial statements and selection of an Independent accountant? ,

If the organization changed either Its oversight process or selecbon process dunng the tax year, explain In Schedule D

d If "Yes· to bne 2a or 2b, check a box below to Indicate whether the finanCial statements for the year were Issued on B consolidated baSIS, separete baSIS, or both'

o Separate baSIS 0 Consolidated baSIS 0 Both consolidated and separate baSIS

3a As a result of a federal award, was the orgamzabon required to undergo an audit or audits as set forth In

the Single Audrt Act and OMS Circular A-133? " ..

b If "Yes," did the orgarnzatlon undergo the reqUlTed audit or audits? If the orgamzatlon did not undergo the required audit or audits explain whv In Schedule 0 and descnbe anv stepJ! taken to underce such audits

2a X

2b X

2c

38 X

3b

Form 990 (2009)

OM

THIS IS A COpy OF A LIVE RETURN FROM SMIPS.

OFFICIAL USE ONLY.

26062055411/1412010541 PM

SCHEDULE 0 (Fonn 990)

Supplemental Information to Form 990 Complete to provide infonnation for responses to specific questions on Fonn 990 or to provide any addltJonallnformation.

• Attach to Fonn 990.

OMBNa 1545'()()47

Department of the Treasury Internal Revenue ServIce

AMERICAN FUTURE FUND

Employer klenlJficatlon number

26-0620554

Name 01 the orgamZSllon

F9rm 990 I, Part ,YI, Line 1lA ,:", Organi~~tion' s J?roce~s to REt;view ~orm 990 The Boa~d, <;>f Dir~ct~~s rev;ew th~, Form 990 .f,or approval.,

Form 990, Part,VIr. Line 120 - Enforcement of Confl~ots Policy.

!Umual:.Rev;ew

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t).

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Fo~s ava;~able for P~l:~9~spec~ion.are made available upon requ~st.

For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Fonn 990. Schedule 0 (Form 990) 2009

DM

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THIS EXHIBIT G

American Future Fund Outside Spending I OpenSecrets

http://www . opens ecrets. org! outs i despending! detai I. php? cmte= Ameri c ...

OpenSecrets.org

Cemer for P{}rH1cS

American Future Fund
----_._-_ .... __ ._ ..... _- _ .... _ ..... _-._- ... _ ... _----_._-_._ .. _----_.-._ .... __ .
Outside Spending: Independent Expenditures, Electioneering Communication &
Communication Costs by Candidate as of December 31,2010:
Grand Total: $9,599,806 '1t"> YII;VVPONORSIQ ... THISCOM.MJIII;I;
Total For Democrats: $0
Total Against Democrats: $7,357,232
Total For Republicans: $4,954
Total Against Republicans: $0
VVDY_Qg_olJhe nJ,J_D1l2!2f§ .. 9..9Sj_J,JQl
Candidate Party State Office Total For Against Results Ads
Braley, Bruce 0 IA House $1,077,560 $0 $0 Winner
Braley, Bruce 0 IA House $888,839 $0 $872,639 Winner
Larsen, Rick 0 WA House $561,995 $0 $561,995 Winner
Perlmutter, Edwin G 0 CO House $560,529 $0 $560,529 Winner
Schauer, Mark 0 MI House $506,761 $0 $506,761 Lost
Heck, Dennis 0 WA House $470,787 $0 $470,787 Lost
Hare, Phil 0 IL House $451,742 $0 $451,742 Lost
Oliverio, Mike 0 \fIN House $445,117 $0 $445,117 Lost
Bright, Bobby 0 AL House $420,112 $0 $420,112 Lost
Herseth Sandlin, 0 SO House $383,441 $0 $383,441 Lost
Stephanie
Marshall, Jim 0 GA House $351,916 $0 $351,916 Lost
Heinrich, Martin 0 NM House $331,037 $0 $331,037 Winner
McDowell, Gary J 0 MI House $309,956 $0 $309,956 Lost
Hill, Baron 0 IN House $255,812 $0 $255,812 Lost
Edwards, Chet 0 TX House $251,301 $0 $251,301 Lost
Paul, Rand R KY Senate $242,802 $0 $0 Winner
Childers, Travis W 0 MS House $216,308 $0 $216,308 Lost
Burton, Dan R IN House $213,500 $0 $0 Winner
Spratt, John M Jr 0 SC House $196,757 $0 $196,757 Lost
Foster, Bill 0 IL House $193,453 $0 $193,453 Lost
Causey, Chad 0 AR House $191,057 $0 $191,057 Lost
Adler, John H 0 NJ House $175,515 $0 $165,983 Lost
Halvorson, Deborah 0 IL House $138,979 $0 $138,979 Lost
Moak, Steven Carl R AZ House $85,085 $0 $0 L~st in
primary
Tierney, John F 0 MA House $84,450 $0 $0 Winner 10f2

1/20/2011 5:20 PM

American Future Fund Outside Spending I OpenSecrets
Candidate Party State Office
Frank, Barney D MA House
Binnie, William H R NH Senate
Allegretti, Michael A R NY House http://www.opensecrets.orgloutsidespendingldetail.php?cmte=Americ ...

Total

For

Against

Ads

Results

$81,550 $52,315

$81,550 Winner $0 L~st in primary

$0 $0

$47,176 $0 $0 Lost in

primary

Frazier, Ryan L R CO House $4,954 $4,954 $0 Lost

Feel free to distribute or cite this material, but please credit the Center for Responsive Politics. For permission to reprint for commercial uses, such as textbooks, contact the Center.

The Center for Responsive Politics

Except for the Revolving Door section, content on this site is licensed under a Creative Commons Attribution-Noncommer'cial'-5hare Alike 3.0 United States License by OpenSecrets.org. To request penmission for commercial use, please contact LIS.

20f2

1/20/2011 5:20 PM

EXHIBIT H

Outside Spending I OpenSecrets

http://www .opensecrets .org/ outsides pend ing/index. php

OpenSecrets.orq

Center tor Politics

Outside Spending

Campaign contributions and lobbying expenditures are not the only ways that money is used influence public policy decisions. Outside groups spend hundreds of millions of dollars each election cycle to run ads, make phone calls, distribute literature and engage in other activities to sway the electorate about candidates and issues. A January 2010 Supreme Court decision (Citizens United v. Federal Election Commission) now permits corporations and unions to make such expenditures from their treasuries directly and through other organizations. The decision allows such activity to take place without complete or immediate disclosure of who funds such communications, preventing voters from understanding who is truly behind many political messages.

Bf2.?.Q_1Il_Qce ..

GROUP FILTER: Excluding Party Committees I All Groups

Total Liberal vs. Conservative Outside Spending, Excluding Party Committees

Total Outside Spending by Election Cycle, Excluding Party Committees

Download:

1 of 3

1125/2011 11: 18 AM

Outside Spending I OpenSecrets

http://www.opensecrets.orgloutsidespendinglindex.php

l~eJ =~~:'~ .. ~~;~~~lc~;~;:;:~~s~o:~~~:~ation j

12010 1$296,394,618 . $21 0,927,278IE§!§~?,g?~ I $5,5~2,307 ...............1

I ~_Qgi_1 i~9i_,§_!ijig ! 1~§_?_!~~§!~~? ! .~~1§,~??_!1.~.~_ .. _...... .................) _~??,~~)! .. ~97 1

i 2006 J $68,852, 502 1$37,394,589 i $15, 152,326 i $16,305,587__j

I··~. -stJ~-~(~!i;--1990~004- ;:;de~-=~.~=-----·-- -.-.------.--.---.--.-.--. ..':': __ -~ ... ~ ..1

Outside Spending by Disclosure, Excluding Party Committees

Top Groups Making Outside Expenditures in 2010 Elections, Excluding Party Committees

[-. .. or~ani~~;ion···. ..;~;:; i view*I~:~:~~~t~::~! C~I~~:' ~~~t~Is~:~~r~;;:t 501 cl

i- - - - .! .1 L ..

1~.§ __ ~~.C3.~_~~ ~! __ ~~!2:1_~_~~~~ J!~_?_,~~).,.§_§2'! _g J!Q"._"""". __ ._ .. J .~_~~,.~.~ .. ~l_§.§xl~Q_""""._ J_ ,, __ .. J.""".J)( ""." ..

i America~.;;~ti()~~~tl,\l()E~ $26,088,031 i CJ~?&E3§,~?1j~?9,41 ~,?~gl~o J jJx j

lA~~rican~r~ssr()C3~~)~21 ,553,2771 C .J~?~,??~!?!TJ~91~g !)( !xj .

Ic~ossroads Grassroots Policy !$17,122,446ic 1$16,017,664 1$1,104,782 1$0 i i Ix

I Strategiesi :............................_II, ..i:j

Is~~~i~~E~Ployees International $15,789,689iL 1$15,692,364 1$0 1$97,325 I Ix I I

1=~~~::ed:f~ntY/M~n~j ~,614,278iL~~j~5~82j~68~__j~50, 5~jx~1_j

I_Americ~~_F uture F~nd_J $ 9,599, ~g?JQ_JE!~~!,.~1_~_J .~?!?!1,~~~_J~2 l:...J .)(... .. 1

i ~~~Ei.c~ns ~~()~ _~ecuritl ,,_ ~~2.§_91 ,? 2~_. ~ __ __j $~~~~_?_: ~~ 5_8_i, 397_J~Q_ .,,_.... _" __ .. ~ J )( __ ....

I National Education Assn 1$8,699,157!L !$7,239,105 1$105,724 i$1,354,328ix [x i

1.. . " .. , ""................ . ; J ! J . .. .1...... ,

1~I~bf~r G r()l,\Ith" . $8, 24q,q?qj~J i~,?~9;9§9Jjom .1 i91··~······ ! xJ •••••

! 1""1"'> VI(;VV6l,J,QRQUP$

I···.. . - - - .

* C = Conservative, L = Liberal

t Indicates that this organization has a 527 committee registered with the IRS. The committee's 527 spending outside of electioneering communications is NOT included in these totals. Read more about 527s.

20f3

1/25/2011 11: 18 AM

Outside Spending I OpenSecrets

http://www . opensecrets .org/ outsides pending/index. php

_ ._-_ ..... _---_.

--_ _---_ -_ _ .. _ -_ _ _ - _

Top 2010 Races Attracting Outside Spending, Excluding Party Committees

[................ . ~~~; ,.. .T?~.~ .. I I ~.?.~ r:l:~~J~~~ .. i.~ .. ~.~ r:l:~~I· .. ~?~.~:p~~~I·.~~.~.i.~·.~.~ •. ·.:~:P.~.~.~.I

I Colorado Senate $23,057,298 $1,671 ,664] $6,572,943J~?,525,8?~I~~,8!7,?Q~1

! .

I Neva d a Senate ...............................I~_~?,?:! .. 1,~ .. ~~J~1,???,?79j ~?,?71, .. } .. ?? ......I~?, 51 7, 0 ??J~? .. '? 8 3, ? .. ?O .J

I ~~~~~~?~§.~~C1!~ ..... i~!~~1 .. ??!1??j~?!??§!~g~I~~!~1§,?~? j $165,61 8 I $24, 500 .J

I Pennsylvania Senate 1$12,483,409!$1,422,3871$5,877,230 1$1,692,036 !$1,909,430 . I

I VI!~i~;;Jj~~ .. ~~~~~~~==:J $1"2~~~14,~i~i ~ .. ~~~~~~o""j i~,363~8~~"~"] jI~~~~~~02J ~3~1~§ii~~ .. ~~~]

illl i n()i~?E')~?t~ .. ....I.~ 1 0, 6 7?,?71 .. 1~~}_?!8~~1~?, .. }~6, 1. 29: .. ~9 36 , ~ .. ~ 5 I $],??!,(361 ' , .. 1

[Missouri Senate ,$10,492,190!$709,131 r$3,979,010J~1!~~~,~~9 1$1,797,3461

i··· .. ···· .. ·············· .. ····························· " .

1 California Senate .......... J~9,6~1,7?? .... J~ .. ~ .. 1?!~7?....IE??,64? .. J~§ .. !1 ,??? $1 ,430,757 .... i

1~!~ii~~:~ .. ~6~!~ .... =~~ .. _..........I.~?!§_Q?,~~~ .. j~} .. ?_~ .. , .. !:!~ .. J~:!q_9 , 2 ~g.......... J~?2_??! .. ~ .. ~?~ J ~]~?~Q~~........ ...... ......1

i Kentucky Senate /$5,920,035 i$67,~1?J~?,?~§,~?1J~273,28~J846,329j

1.~:yl§}i~,CkB~fr:.:.? _ .. _. .. . .. 1

Why don't the numbers add up?

__ _ _-._ __ __ _-_ _ _ _-_ ..

Top 2010 Candidates Attracting Outside Expenditures, Excluding Party Committees

Candidate ,~~~~!.. Tot~I .. J .. ~or De:.~j~~ .. · R:po~~~I~;:~~~ I Results i

[Bennet, Michael F (D)!CO§.}J~12,025,529i$1 ,665,072i$6,57?,9~~J~OJ~0 !Winner

i~~i~,8~~~Y(~i i NVS2 1$9,302,644 J$1 ,655,6701 $6,?z},}??i $0 .. 1 $0 I Winner ,

i Buck, Ken (R)Jg(?§.~I~~,1~?!?1~J~91~QJi?:~}~,~?!I~~,~?!,?9~]~~~t .J

1§~~!~~,j~~~p6C'~r.(r::J)jpC'?~J~§,?~!,!?~I~~,?~?,q~~I~?,??~,~~qJ~ql~q I~()~t 1

! G~?~ .. ~ou lias, Ale~~ .. ~~ e ~ .. ( D !JI .. ~§? .. i~~!.?~~,~} .. ?_..J ~?~?!?~~ !~?,1~?,~?Q .. ! .. ~9.._....j~9J .. ~os t ._i

1 .. g_?!~C1~~ .. ~' .. !3 .. () .. ~ .. i~Jr::J..L .......... _ .... _j ~2?J..l~?2?? .. 1~~J .. ? .. J .. $7 Q~ .. !!?":!"' .. J ~ .. ~!~~!Q]gJ §_Q ...... _ .. .... J~Q_ J .. ~()~~.. I

I Murray, Patty (D) IWAS21$6,644,796 1$952,800 [$4,363,843 !$O i$O!\jyi~~E')r

IB~~~~,B~~b~~~(D) .. ] .. ~~~j!~~:~§~, .. i .. ~~]i§1 .. ~: .. §i?~] ~!~?~~~? .. :::J i9 . "J i9 . .JX!i~~ .. ~~

!H~lt~~,B;ii .... (D).... !ARS21$6,544,726 /$4,715,2891$475,271 /$0 1$0 [Lost

. ': I I primary

! I I IJr~~()ff ...

I Lincoln, Blanche (D) IARS2i$~",~2"9:~j~ji513,6201$2,843,3251$o'" ·····]~Q ••. ·...............I .. ~ost

l~yi~0,L6hkgANDI DAI~$

Feel free to distribute or cite this material, but please credit the Center for Responsive Politics. For permission to reprint for commercial uses, such as textbooks, _g_o nta <,:,Ub? .. Qenter.

The Center for Responsive Politics

Except for the Revolving Door section, content on this site is licensed under a .CreatLve .... Commons AttributiO..D.:: .. NQ[1cornmercial.:-...shgre. .. Alike 3.0 Unit~~LS..tates ucense by OpenSecrets.org. To request permission for commercial use, please contact us.

30f3

1/25/2011 11: 18 AM

EXHIBIT I

American Future Fund Spends Millions on Campaign - NYTimes.com

http://www.nytimes.coml2010/10/12/us/politics/12donate.html?pagew ...

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October 11. 2010

Offering Donors Secrecy, and Going on Attack

By JIM RUTENBERG, DON VAN NATTA Jr. and MIKE MciNTIRE

The American Future Fund, a conservative organization based in Iowa, has been one of the more active players in this fall's campaigns, spending millions of dollars on ads attacking Democrats across the country. It has not hesitated to take credit for its attacks, issuing press releases with headlines like "AFF Launches TV Ads in 13 States Targeting Liberal Politicians."

Like many of the other groups with anodyne names engaged in the battle to control Congress, it does not have to identify its donors, keeping them - and their possible motivations - shrouded from the public.

But interviews found that the group was started with seed money from at least one influential Iowa businessman: Bruce Rastetter, a co-founder and the chief executive of one of the nation's larger ethanol companies, Hawkeye Energy Holdings, and a rising force in state Republican politics. And hints of a possible agenda emerge from a look at the politicians on the American Future Fund's hit list. Most have seats on a handful of legislative committees with a direct say in the ethanol industry.

Mr. Rastetter had long been mentioned as a likely backer of the group, and he has now acknowledged through his lawyer that he indeed provided financial support at its inception roughly two years ago. The lawyer, DanielL. Stockdale, said Mr. Rastetter had not given since, adding, "He does not feel that he should reveal the size of prior contributions."

The American Future Fund, organized under a tax code provision that lets donors remain anonymous, is one of dozens of groups awash in money from hidden sources and spending it at an unprecedented rate, largely on behalf of Republicans. The breadth and impact of these privately financed groups have made them, and the mystery of their backers, a campaign issue in their own right.

Through interviews with top Republican contributors and strategists, as well as a review of public records, some contours of this financing effort - including how donors are lured with the promise of anonymity - are starting to come into view.

10f6

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American Future Fund Spends Millions on Campaign - NYTimes.com

http://www.nytimes.coml20 1 01 1 01 12/us/po I iticsl 12donate .html ?pagew ...

In part, political operatives have reconstituted the vanguard of reliable Republican contributors who helped elect George W. Bush and support Swift Boat Veterans for Truth, which attacked the Vietnam record of his opponent in 2004, Senator John Kerry. But as with the American Future Fund, the effort also appears to include business interests focused on specific races.

Bradley A. Blakeman, a longtime Republican operative and a senior aide in the Bush White House, said, "Donors are the usual suspects that have helped Bush, as well as some fresh faces."

NoN ames Attached

Stoking the flow of dollars has been the guarantee of secrecy afforded by certain nonprofit groups. Mel Sembler, a shopping mall magnate in St. Petersburg, Fla., who is close to the Republican strategist Karl Rove, said wealthy donors had written six- and seven-figure checks to Crossroads GPS, a Rove-backed group that is the most active of the nonprofits started this year. Republicans close to the group said that last week, the group received a check for several million dollars from a single donor, whom they declined to identify.

"I think most people are very comfortable giving anonymously," Mr. Sembler said. "They want to be able to be helpful but not be seen by the public as taking sides."

Republicans involved in Crossroads say the groups owe their fund-raising success to a hope that a Republican Congress would undo some of the Obama administration agenda. But they also credit their fund-raising strategy.

When Mr. Rove and Ed Gillespie, the former Republican chairman, began their efforts last spring, they first helped set up a group called American Crossroads under a tax-code provision that requires the disclosure of donors. It took in several seven-figure contributions from high-profile donors, including Trevor Rees-Jones, president and chief executive of Chief Oil and Gas, and Robert Rowling, chief executive of TRT Holdings.

Then in June, Mr. Rove and Mr. Gillespie helped organize Crossroads GPS under the provision that allows donors to give anonymously. A Republican operative who speaks frequently with Mr. Rove said the public donations, revealed over the summer, were used as "a way to energize others to give large amounts anonymously."

The operative added, "It has worked like a charm."

The surge of anonymous money is the latest development in corporate America's efforts to influence the agenda in Washington, following rules enacted several years ago banning large,

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1/25/20115:54 PM

American Future Fund Spends Millions on Campaign - NYTimes.com

http://www.nytimes.com!20 1 01 101 12/us/politicsl 12donate.html ?pagew ...

unregulated gifts to political parties. Democrats first established so-called third-party groups that could legally accept unlimited money from business and unions, though most had to disclose donors. Now, as new laws and a major Supreme Court decision have removed barriers to corporate giving, Republican operatives have embraced the use of nonprofit issue groups that can keep donors' identities secret.

At Crossroads, some large contributors are motivated to give in part because appeals are coming directly from Mr. Rove, a senior Republican fund-raiser said. Republicans close to American Crossroads and Crossroads GPS, which are focusing on 11 Senate races, say they met their fund-raising goal of $52 million last week and could raise as much as $70 million before Election Day.

"They're going to keep raising money," Mr. Blakeman said. "And the donors are motivated."

The U.S. Chamber of Commerce, which does not identify its corporate members, spent $10 million over the last week on advertisements, mostly against Democrats, records show. The chamber will most likely meet its fund-raising goal of $75 million, more than double what it spent on the 2008 campaign, Republican operatives say.

Advocate for Ethanol

The American Future Fund has not spent quite as much. But Democrats say that at $6 million and counting, it has advertised enough to make a difference in crucial states.

Almost since the organization's inception, Democrats in Iowa have suspected the involvement of Mr. Rastetter. Now confirmed, his role offers a glimpse of what is probably just one of many undisclosed interests to have been involved in the American Future Fund.

Mr. Rastetter began his corn-based ethanol company, Hawkeye, in 2003, after making his fortune with a pork production company, Heartland Pork. Hawkeye quickly became one of the nation's largest ethanol producers, and Mr. Rastetter became an outspoken advocate for ethanol, helping to start a new trade group, Growth Energy, that supports its increased use at fuel pumps and tariffs on foreign producers. As his stature grew, so did his position as a Republican donor, and potentially as a candidate himself.

Speculation of a candidacy increased in 2007, when Nick Ryan, who managed former Representative Jim Nussle's losing 2006 campaign for Iowa governor, registered with the state as a lobbyist for four Rastetter businesses, including Hawkeye.

After Mr. Ryan helped establish a political committee called Team Iowa, Mr. Rastetter was the largest donor in federal tax records, listed as giving $100,000. After Mr. Rastetter started his

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family foundation, Mr. Ryan became one of four board members.

And when Mr. Ryan started the American Future Fund, Mr. Rastetter provided "seed money," but nothing more, said Mr. Rastetter's lawyer, Mr. Stockdale. He declined to name an exact figure but put the amount at less than 5 percent - or less than $374,025 - ofthe nearly $7.5 million the group collected in 2008.

He added that "Mr. Rastetter has never exercised any decision-making authority" or held any official role with the group. (Records show that Mr. Rastetter did, however, give the maximum $5,000 to the fund's related political action committee in December 2009.)

Chuck Larson, a former ambassador to Latvia who lives in Iowa and is friendly with Mr. Rastetter, said Mr. Rastetter kept his political giving separate from his business or personal interests. "This is an individual who has been very successful in life and is not motivated by financial gain but by making a difference in Iowa and making a difference in the country," Mr. Larson said.

Mr. Rastetter and Mr. Ryan did not respond to numerous telephone messages.

At its formation, the American Future Fund proclaimed a broad mission "to provide Americans with a conservative and free market viewpoint."

At times, its activities also seemed to dovetail with the interests of the ethanol industry.

Among the first politicians it supported with advertising was Senator Norm Coleman, Republican of Minnesota and a co-chairman of the Senate Biofuels Caucus, during his losing 2008 re-election campaign.

Later that November, it focused on an unexpected target: the Indy Racing League.

In a radio advertisement, the fund attacked a deal the racing association struck to power Indy cars with sugar-based ethanol from Brazil, portraying it as a slight to American producers.

The campaign may have seemed odd for a group promoting free-market principles. But days earlier, ethanol executives, including Mr. Rastetter, had met with racing officials to unsuccessfully demand that they abandon the Brazilian deal.

Mr. Stockdale said Mr. Rastetter had no role in the radio ad. Mr. Ryan had been along for the Indy Racing meeting as well, Mr. Stockdale said, "and the decision by the fund to sponsor the radio campaign was made after Mr. Ryan attended the meeting."

Mr. Stockdale said Mr. Ryan had not received any compensation from Mr. Rastetter since the

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first quarter of 2009, though they remain "good friends."

Signs of an Energy Focus

Certainly in the last two years the American Future Fund has broadened its activities, along with its donor base, raising millions more as it held a conservative lecture series and ran ads against the Democratic health care bill.

Most of its advertisements this year have focused on generic fare like stimulus spending and health care. But suggestions of an energy-related agenda have peeked through.

Of the 14 "liberal" politicians singled out in a list it released last month, nearly every incumbent sits on a panel with a say over energy or agriculture policy. Five sit on the Agriculture Committee; four others are on related committees with say. One candidate was a staff member on a related panel.

Sorting out the Future Fund's possible motivations is hardly straightforward, given how complicated the politics of the heavily subsidized ethanol industry have grown in recent years.

For instance, the industry has had its own differences over what form subsidies should take. Growth Energy, the trade group that includes Mr. Rastetter's company, recently created waves by calling for subsidies to be eventually phased out - but only after some are diverted toward projects like the construction of gas pumps that would let consumers choose how much ethanol they want in their fuel.

While many of the Democrats that the fund has gone after explicitly support extending the subsidies in one form or another, the industry over all has expressed frustration that, with a December expiration looming, the Democratic Congress has not moved to do so yet.

Mandy Fletcher Fraher, a spokeswoman for the fund, dismissed ethanol and agriculture policy as a motive behind its advertising. "We're targeting liberal spending policies," she said, noting that the fund was equally focused on competitive races.

Democrats expressed frustration that there was no way to know why they were on the receiving end of the fund's barrage.

Officials at the Democratic Congressional Campaign Committee said they had been trying to figure out whether the fund had an eye on the coming deliberations over the next farm bill, with its implications for alternative energy.

One target, Representative Bruce Braley, Democrat of Iowa, a member of the Energy and Commerce Committee, noted the pattern of the attacks and said, "Iowans and the American

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people are pretty smart, and I think they can put things like that together."

Yet Mr. Braley said he was at a loss over his place on the list. For instance, he views himself as having a strong record with the ethanol industry.

Last Friday, he said, he sought answers at the American Future Fund's official address, but found only a rented mailbox. "We did not find anyone working at their office," he said, "though I did have a nice conversation with a woman named Kathy who was working at the UPS store."

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Groups Push Legal Limits in Advertising - NYTimes.com

http://www.nytimes.com!20 1 0/1 0/18/us/politics/18express.html?page ...

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October 17,2010

Groups Push Legal Limits in Advertising

By MICHAEL LUO

A recent television commercial sponsored by an Iowa-based nonprofit group, American Future Fund, attacking Representative Bobby Bright, an Alabama Democrat, could hardly have been more explicit in its closing: "On Election Day," the narrator said, "take the right path. Vote against Bobby Bright."

Such a direct appeal to voters might seem unremarkable, but actually it is an example of an important new tool afforded to outside interest groups that is reshaping the contours of this year's midterm elections.

Before the Supreme Court's landmark campaign finance ruling in January, nonprofit groups like American Future Fund, able to accept unrestricted contributions from individuals and corporations, had been limited to broadcasting "issue ads" and barred from "express advocacy," advertisements that directly urge voters to elect or defeat specific candidates.

Now, in the aftermath of the court's ruling in the Citizens United case, third-party groups in growing numbers have been flocking to this sharper form of messaging in the closing weeks of the campaign.

In the process, however, the groups are, as never before, pushing the legal limits that enable them to preserve the anonymity of their donors. They are doing so just as Democratic officials and campaign finance watchdogs - alarmed by the gushers of secret money pouring into races, largely in favor of Republicans - have stepped up their calls for investigations by regulators.

The basic rule of thumb for nonprofit groups organized under Section SOlCC) ofthe tax code is that more than 50 percent of their annual activities cannot be political. Although it is a matter of debate how spending on traditional issue ads would be categorized by the Internal Revenue Service, it is indisputable that spending on express advocacy would be classified as political.

An analysis by The New York Times of data provided by the Campaign Media Analysis Group, which tracks political and issue-related advertising, found at least two major Republicanleaning groups, the American Future Fund and the 60 Plus Association, which bills itself as a

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conservative alternative to AARP, have now devoted more than half of their spending this year on television advertising for express advocacy.

Other organizations, including Crossroads GPS, a nonprofit group tied to Karl Rove, and Americans for Job Security, a Republican-oriented trade association, have been flirting relatively close to that threshold as well.

Even operating just under that dividing line, however, does not mean they are safe, because it is possible the I.R.S., in particular, could classify many of their issue ads as political too, Democratic and Republican campaign finance lawyers said.

"I think engaging in full-blown express advocacy is aggressive," said Michael Toner, a lawyer at Bryan Cave and a former Republican chairman of the Federal Election Commission. "It's aggressive because you have to concede at least some of what you're doing is political. Then it is a battle of how everything else is going to be defined."

He added: "It reduces your margin for error."

Marc Elias, a campaign finance lawyer at Perkins Coie whose clients include Democratic candidates and the Democratic Senatorial Campaign Committee, was blunter about the risks for the groups.

"They need to basically pull an inside straight to stay within the law," he said. "They need to argue everyone of those issue ads needs to wind up nonpolitical, which seems to be a Herculean task"

A thorough audit would require examining all types of outlays by an organization, including, for example, radio advertisements and direct mail. Television advertising, however, usually accounts for the bulk of the spending by these groups.

It is possible that the groups will seek to stay under the 50 percent limit by increasing their nonpolitical spending after the election is over, a common tactic. They may, for example, broadcast a lot of advertisements during the lame-duck Congress.

The strategy can be risky, however, because it depends on organizations' keeping money in reserve, or being able to raise enough money for such work after the election.

In the case of the 60 Plus Association, it has spent $3.7 million on television time for express advocacy ads, or more than 86 percent of its total. Tom Kise, a spokesman, challenged the completeness of the advertising figures but also said the organization had spent heavily on grassroots lobbying and other activities that balance out its political spending.

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The group has also been filing with the I.R.S. based on a fiscal year, instead ofthe calendar year, so it may have until July 2011 to get its ledgers in order.

American Future Fund, set up by a cadre of Republican political operatives, has devoted $3 million, or about S6 percent of its television advertising spending, to express advocacy.

Meanwhile, Crossroads GPS and Americans for Job Security have been more conservative, keeping their express advocacy spending on television to roughly 40 percent.

Several lawyers said that while the SO percent limit is widely cited, the I.R.S. has never explicitly ruled that SO percent is the official limit for political spending. It could, in fact, be less.

Under the law, nonprofit SOl(c)(4) "social welfare" organizations, SOl(C)(S) labor unions and SOl(c)(6) trade associations are supposed to be primarily focused on those tax-exempt purposes, as opposed to influencing elections. The crucial question is how a group's "primary purpose" is evaluated. Some tax lawyers advise their clients to keep their political spending to less than 40 percent of their budgets.

Another surprisingly murky issue is what, other than explicit appeals to voters about how they should cast their ballots, the I.R.S. actually considers political. Auditors weigh a host of factors, according to the agency, including whether an advertisement is part of a continuing series by the group on the same issue. If it is, the group could make a stronger case that the ad is an example of issue, not political, advocacy.

Most casual observers, however, would probably consider many of the issue ads by these groups to be very much political. They attack or praise candidates, just like straight political advertisements, but they invariably add a tag line that urges voters to do something other than vote for or against candidates. A recent commercial by Crossroads GPS, criticizing Representative Joe Sestak, who is running for the Senate in Pennsylvania, ends by urging viewers, "Tell Congressman Sestak, 'Stop the Medicare cuts,' " and displays his phone number.

Some pro- Republican groups, for legal or tactical reasons, have continued to script all of their commercials as issue ads, including the United States Chamber of Commerce and Americans for Prosperity, a group linked to the billionaire David Koch.

Problems with the I.R.S. could lead to tax penalties and revocation of tax-exempt status. But nonprofit groups engaging heavily in express advocacy could also run into issues with the Federal Election Commission. If the commission determines that a group's "major purpose" is political, the group is required to register as a political committee and disclose its donors.

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The commission's three Republican members, however, are generally inclined to give these groups leeway, effectively deadlocking the commission because it is split along party lines, and a majority vote is required for it to act. But if most of a group's spending seems to be on express advocacy, even the Republican commissioners would probably have to scrutinize the group, lawyers said.

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EXHIBIT K

CampaignHQ - Our Management Team

1 of 1

http://www.campaign-headquarters.com!ourmanagementteam. aspx

Our Management Team

Nicole Schlinger

Nicole founded Capitol Resources in 1999 to provide candidates professional quality fundraising and event management services. Now Campaign Headquarters has grown to provide high quality live telephone voter contact services to candidates, initiatives, and causes nationwide. She is the most prolific political fundraiser in Iowa Republican history with over $50 million raised for candidates from city council to governor. She was also the Straw Poll Director for Mitt Romney's victorious 2007 Iowa Presidential Straw Poll campaign. Prior to founding the company, she served as Finance Director of the Republican Party of Iowa. She is a 1995 summa cum laude graduate of Syracuse University with a bachelor's degree in economics and policy studies. In her spare time, Nicole is a nationally known, award-winning beadwork artist and proud mother to Weiner, the official Canine Security Officer for Campaign Headquarters. She's also plotting her never-ending quest for world domination.

Favorite quote: "l'm going 1.0 succeed The only question is whether orlkH you coming along/or the ride."

Telephone Services I Events & Fundraising lOur Family I News & Fun I Contact I Home

700 East Pleasant Street. Post Office Box 257 Brooklyn, Iowa 52211

Toll Free: (888) 722-4704 Info@Campaign-Headquarters.com

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EXHIBIT L

CampaignHQ - History

http://www.campaign-headquarters.com/hi story. aspx

History

On February 1, 1999, Nicole Schlinger left her dream job as the Finance Director of the Republican Party of Iowa, armed with a new dream and three clients.

Many State Legislators needed professional fundraising services, starting and managing a major donor program, planning and executing events, and growing a house file of direct response donors. However, none of these legislators needed or could afford a full-time finance director, and as such, Capitol Resources, Inc. was bom.

Early on, we tried finding a phone vendor to make the thousands of calls even our smallest campaigns required. But when every vendor we tried failed to provide the sophistication and attention to detail our state and local candidates' required 10 years ago, we began hiring and training people to get the job done the way it should be. A donor deserves to have a real interaction with a person who cares.

Over the years, the bus-ness grew to be Iowa's largest fundraising and event management company, eventually supplanting the need for many campaigns to have a full-time, in-house finance director, and making Nicole the most prolific Republican fundraiser in Iowa history.

In 2007, we turned our attention to the Iowa Presidential Straw Poll, putting the precision and professionalism of fundraising to work in organizational polities, directing Mitt Romney's victorious Iowa Straw Poll campaign. With over 500,000 live voter contacts, we recruited and turned out thousands of supporters, successfully routed over 100 buses, and arranged for food, beverage, and entertainment for thousands.

With that experience under our belts, it became clear that candidates and causes across the country could benefit

~~,~_ ~:_n_e~'_~~J.d _~j~~~:~~ :~~_~~~~~r :~~::;i:_n:.~~ .:~~ .. t,!~d~n_g-, a_~~_t~~~~~~g ,,-t:.~,:,-b::~~~e~:_~_s::~d _?~ ~:I:~~rk,,~~:rs,

Telephone Services I Events & Fundraising lOur Family I News & Fun I Contact I Home

700 East Pleasant Street. Post Office Box 257 Brooklyn, Iowa 52211

Toll Free: (888) 722-4704

Info tfuCam palo n- Headquarters .co m

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EXHIBIT M

About Us I American Future Fund

http://americanfuturefund.comlabout-l

American Future Fund

• Home

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About Us

The American Future Fund operates as a 50 1 (c)(4) and was formed to provide Americans with a conservative and free market viewpoint to have a mechanism to communicate and advocate on the issues that most interest and concern them. Conservative and free market principles will be under direct attack in America. In light of that, it is imperative there be a voice for conservative principles that sustains free market ideals focused on bolstering America's global competitiveness across the country.

The American Future Fund is established as a multi- state issues advocacy group designed to effectively communicate conservative and free market ideals.

The American Future Fund will continue to educate citizens across the country on common conservative principles.

Board of Directors

Sandra Greiner, Director and President

Sandra is an Iowa State Senator and an Iowa farmer. In addition to serving in the State Legislature, Sandra is a volunteer for a variety of agricultural groups and grassroots political organizations. While in the Legislature, Sandra fights against tax increases and works to preserve conservative, free-market ideals for all Iowans.

Darrell Kearney, Director and Secretary

Darrell is a life-long conservative leader in Iowa. He is a former Finance Director of the Republican Party ofIowa and his political resume includes work with Senator Charles Grassley and Senator Robert Dole. Darrell is a retired business executive and has dedicated many years to advancing conservative causes in Iowa and around the nation.

Barbara Smeltzer, Director and Treasurer

Barbara is a life-long conservative grassroots activist. She has served in a variety ofleadership roles in community, civic and political organizations. Barbara is a retired teacher with a passion for education.

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About Us I American Future Fund

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The Losers of201 O.

Buy Your Losers of 20 10 Poster here See the ad here.

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Not authorized by any candidate or candidate's committee.

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About Us I American Future Fund

http://americanfutureftmd.comlabout-l

The American Future Fund is a 501(c)(4) organization which primarily focuses on nonpartisan education and advocacy on important national issues. American Future Fund Political Action is a federal political committee which primarily helps members elect candidates who reflect our values through a variety of activities aimed at influencing the outcome of the next election. American Future Fund Political Action and the American Future Fund are separate organizations.

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EXHIBIT N

About Sandy « Sandy Greiner for State Senate

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Sandra Hayes Greiner

Sandy Greiner is the 5th Generation of her family to farm in Washington County. She and her husband Terry farm Southeast of Keota on a diversified grain and livestock farm. The Greiner's are the parents of 3 adult sons, who farm with their parents. Two daughters in law and 6 grandchildren complete the family.

Greiner is a product of the Washington Community School system and attended Stephens College in Columbia, MO.

Terry and Sandy Greiner are members of St Mary's Catholic Church in Keota, where Sandy serves as a Lector and Communion Distributor.

The Greiners' are members of a litany of Agricultural Groups, including Pork Producers, Farm Bureau, Corn Growers and the Soybean Assn. as well as an assortment of local civic organizations.

Sandy was first elected to the Iowa Legislature in 1992, and served on a variety of committees during her 16 years in the Legislature, most recently on the State Government Committee, the Environmental Protection Committee, and the Agriculture Committee. She previously chaired the Environmental Protection Committee.

At one time she also served on the Ag and Natural Resources Appropriations Sub Committee, and was charged with writing a $40 million budget each fiscal year.

Sandy is credited with co-authoring, with Senator H. Kay Hedge, R- Fremont, landmark legislation which eradicated Pseudorabies in Iowa.

While chairing the House Environmental Protection Committee, she handled several important Water Quality pieces and floor managed the bill to create the Watershed Improvement Review Board.

Sandy brought a lifetime of volunteer experience to the Iowa Legislature, and was awarded the Governor's Outstanding Volunteer Award by Governor Branstad in 1993.

In 1995, she was named Outstanding Legislator of the Year by the American Legislative Exchange Council, a conservative, free-market group of elected officials. She was the first Iowan to receive that award in the history of that organization.

In 2004, Representative Greiner was named a "Friend of Biotechnology" by the Iowa Biotechnology Assn. Also, in 2004 she was named Legislator of the Year by the Iowa Agribusiness Association.

And in 2005 she was named National Legislator of the Year by Crop Life America, the first Legislator in the U.S. to receive this National award.

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About Sandy « Sandy Greiner for State Senate

http.z/sandygreiner . corn! about-sandy/

The Biotechnology Industry Organization named Sandy as the State Legislator of the year in 2006 in recognition of her efforts on behalf of Agricultural Biotechnology.

And in 2007, the Iowa Pork Producers named Greiner as an Honorary Master Pork Producer, the only Legislator to receive such recognition in the past 35 years.

Not all of Greiner's legislative work has centered on Ag and Environment issues, although that is where she focused most of her energy. She was appointed by party leaders to serve on the Iowa Legislative Council, a group that oversees legislative business while the Legislature is adjourned. She served in that capacity from 2004-2008.

Sandy spent 14 years as the Iowa Chair of the American Legislative Exchange Council (ALEC), a free-market group of elected officials and as a member of ALEC's Ag & Environment Task Force, helping to craft model legislation for use in the states.

Sandy was a Delegate to the 2004 Republican National Convention in New York City. She was elected by her peers to represent Iowa on the National Rules Committee, and served as the Secretary of the National Rules Committee at the 2004 Convention. She was also a Delegate to the 2008 Republican National Convention in St Paul, and was elected to serve, again, on the National Rules Committee.

Sandy is currently serving as President of American Future Fund, a national group advocating for free market ideas and legislation.

When Greiner announced her intentions to retire from the Iowa General Assembly at the end of her term, in 2008, she was interviewed by several news and farm publications. In speaking of her legislative career, Greiner commented that she has never judged her Legislative accomplishments by the number of bills she got passed, but rather by the number of bills she was able to stop.

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EXHIBIT 0

Greiner will remain president of American Future Fund I Iowa Independent http://iowaindependent.coml50409/greiner-will-remain-president-of-a ...

Greiner will remain president of American Future Fund

Republican lawmaker has stepped down from the group's PAC By Jason Hancock I 01.11.11 I 8:23 am

State Sen. Sandy Greiner (R-Keota) will not step down as leader of a controversial nonprofit group that spent nearly $10 million in 2010 trying to defeat Democrats around in the country, including more than $1 million against U.S. Rep. Bruce Braley (D-Iowa).

Greiner was sworn in Monday for her first term in the state Senate. She served previously as a state representative before re-entering politics by founding a political action committee aimed at convincing Gov.-elect Terry Branstad to run for a fifth term. She then joined the Des Moines based American Future Fund. In an e-mail to The Iowa Independent, Greiner said she stepped down from the board of directors of the group's political action committee. However, she will remain as president of the 501(c)4 organization's board of directors.

Before the election, good-government watchdogs publicly called for Greiner to distance herself from the group, which is registered with the Internal Revenue Service as a 501 (c)4 nonprofit and therefore doesn't have to disclose where it gets its funding. Craig Holman, a government affairs lobbyist with the group Public Citizen, told the Iowa City Press Citizen's Emily Schettler in October that the the situation was" clearly a conflict of interest, and it would violate campaign finance law if she were running at the federal level. "

Greiner defended her position at the time, saying she would re-evaluate things after the election.

In addition to Greiner, the group has numerous ties to Gov.-elect Branstad, including his biggest campaign contributors and several members of his inner circle of advisers.

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Categories & Tags: Elections/Campaignsl Politicsl 2011 General Assembly I American Future Fund I Campaign Finance Reform I Public Citizen I Sandv Greiner I Terry Branstad I

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CCI critical of Rastetter's new role on Branstad inaugural team I Iowa ... http://iowaindependent.com/4831 O/cci-critical-of-brucerastetters-new- ...

Photo by Dave Davidson, www.TEApublican.com

CCI critical of Rastetter's new role on Branstad inaugural team

By Jason Hancock 112.02.1019:59 am

A progressive citizen group is upset that Gov.-elect Terry Branstad decided to bring on businessman Bruce Rastetter to chair his inaugural committee, saying it "raises new questions about the influence corporate interests have" on the new administration.

Iowa Citizens for Community Improvement (CCI) were already concerned when Branstad appointed Iowa Chamber Association (ICA) chairwoman Debi Durham to lead the state economic development agency, arguing that it confirms Branstad intends to take the state in a direction of corporate profits over everyday Iowans. The Iowa Chamber Alliance's executive director, Dave Roederer, will serve as head of the Iowa Department of Management under Branstad.

Rastetter, who previously owned Heartland Pork Enterprises Inc. and is currently CEO of Hawkeye Energy Holdings LLC, was Branstads top individual donor, with a 2010 year to date gift totaling $162,712, according to the National Institute for Money in State Politics.

"Iowans shouldn't have to wonder what Rastetter and other big donors get in return for their financial contributions," said Garry Klicker, an Iowa CCI member and family farmer from Bloomfield. "Will they get to hand-pick the next chair of the Department of Natural Resources or the Iowa Power Fund? Who knows? What we know is that we need policies that put people first, and that isn't going to come from a governor that's indebted to big money and corporate interests."

Rastetter is a long-time power broker in Iowa politics. Since 2006, he's donated more than $542,000 to state candidates, overwhelmingly to Republicans. In addition, he provided seed money to help start the nonprofit group American Future Fund, which along with its sister organization The Progress Project, has spent millions around the state and nation advocating for Republican candidates.

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Categories & Tags: Agriculture 1 Elections/Campaignsl Environment/Energy 1 Politicsl American Future Fund 1 Bruce Rastetter 1 Iowa Citizens For Community Improvement 1 Iowa Progress Project 1 Terry Branstad 1 transition 1

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EXHIBIT Q

Donor Lookup: Find Individual and Soft Money Contributors I OpenSeerets http://www.openseerets.orglDIYkitiindivs/seareh.php?sort=A&eapeo ...

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i RASTETTER, BRUCE ! HEARTLAND PORK CO./OWNER 11 0/12/06[ $5,000 I Republican Party of Iowa (R) I

IIOWA FALLS,IA 501?E?J i!

1~~:E~~~6J~~~GYI~ -=J912::_1 $5,Oool::~":a::a:of Iowa (RlI

I RASTETTER, BRUCE I HAWKEYE ENERGY/CEO 17/8/08 1$5,000 II For America's Republican I !~~P§t-J!I~?ggg~III~c:1j()rity(F3)J I RASTETTER, BRUCE L I HAWKEYE ENERGY HOLDINGS/CEO 1 12/20109l $5,000 IAmerican Future Fund j

I ~'=-P.§.t-J..'}.C'- .. ?9.Q_Q_~ .. _ _ _j _ _ _ _ _ .. _ _ _._ _ .. ..J .1 1_ _ _

I RASTETTER, BRUCE L I HAWKEYE ENERGY/C.E.O. '7/14/10 [$5,000 ! National Republican

I MR I . I Congressional Cmte (R)

1 .. tj.~.~.!?I?:.~.P.! .. ~ .. ~ ?q .. ~ .. ?.?. 1 " "'''''''...................... .. . . ".J . .

j RASTETTER, BRUCE L I HAWKEYE ENERGY/C.E.O. 110/26/09! $5,000 I National Republican

i MR I I Congressional Cmte (R) !

I HUBBARO,IA 50122 , i L ...... _. .. __ .... _.l

I RASTETTER, BRUCE L I HAWKEYE ENERGY/C.E.O. 17/14/08 $5,000 I National Republican 1

! MR! I': Conqressional Cmte (R) I

! ~P.!::_~!~.?.Qg_o~ __ . .. I _ .. _ .. _ .. __ _ __ .. _ __ __ .. _ _. __ ..: _ j __ _ _ _ _ _ J

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Contributor i Occupation I Date [Amount] Recipient I
RASTETTER, BRUCE HAWKEYE ENERGY HOLDINGS 3/25/10 $4,800 Rubio, Marco (R)
ALDEN, IA 50006
RASTETTER, BRUCE HAWKEYE HOLDINGS/CEO 11 $4,800 Gibbons, Jim (R)
ALDEN,IA 50006
RASTETTER, BRENT QUALITY AG, INC/OWNER 12/31 Gibbons, Jim (R)
AMESIA 50010
RASTETTER, BRUCE I 3/6/02 $4,000 Republican Party of Iowa (R)
i ALDEN, IA 50006
RASTETTER, BRUCE HAWKEYE RENEWABLES/CEO 9/29/09 $3,800 Latham, Tom (R)
IOWA FALLS,IA 50126
RASTETTER, BRUCE IOWA SELECT FARMS/EXECUTIVE 3/22/07 1$3,200 Latham, Tom (R)
IOWA FALLS,IA 50126
RASTETTER, BRUCE HEARTLAND PORK/OWNER 6/25/02 $2,500 Thompson, Stan (R)
i ALDEN IA 50006
RASTETTER, BRUCE HAWKEYE RENEWABLES/CEO 9/29/09 $2,400 Latham, Tom (R)
IOWA FALLS IA 50126
RASTETTER, BRUCE HAWKEYE ENERGY HOLDINGS/CEO 3/31/10 $2,400 Rubio, Marco (R)
i ALDEN, IA 50006
RASTETTER, BRUCE HAWKEYE ENERGY HOLDINGS 3/23/10 $2,400 Ayotte, Kelly A (R)
i ALDEN, IA 50006
RASTETTER, BRUCE HAWKEYE ENERGY HOLDING 3/24/10 $2,400 Blunt, Roy (R)
i ALDEN, IA 50006
RASTETTER, BRUCE HAWKEYE ENERGY HOLDING 3/24/10 $2,400 Blunt, Roy (R)
I ALDEN, IA 50006
RASTETTER, BRUCE I HAWKEYE ENERGY/CEO 8/9/10 $2,400 DeMint, James W (R)
! ALDEN, IA 50006
RASTETTER, BRUCE HAWKEYE HOLDINGS/CEO 1 )9 $2,400 Gibbons, Jim (R)
i ALDEN, IA 50006
RASTETTER, BRUCE CEO 9/29/10 $2,400 Portman, Rob (R)
I ALDEN, IA 50006
RASTETTER, BRUCE I HAWKEYE ENERGY HOLDINGS 3/19/10 $2,400 Portman, Rob (R) I
i ALDEN, IA 50006
RASTETTER, BRUCE HAWKEYE ENERGY HOLDINGS 3/19/10 $2,400 Portman, Rob (R)
I ALDEN, IA 50006
RASTETTER, BRUCE L HAWKEYE ENERGY HOLDINGS 19/29/10 $2,400 Boozman, John (R)
! ALDEN, IA 50006
RASTETTER, BRUCE L HAWKEYE ENERGY HOLDINGS 19/29/10 $2,400 Fiorina, Carly (R)
I ALDEN, IA 50006
RASTETTER, BRUCE L HEARTLAND PORK/CEO 12/31 )9 $2,400 Grassley, Chuck (R)
• HUBBARD,IA 50122
RASTETTER, BRUCE L HEARTLAND PORK/CEO 12/31 )9 $2,400 Grassley, Chuck (R)
• HUBBARD,IA 50122
RASTETTER, BRUCE L INFORMATION REQUESTED PER 9/29/10 $2,400 Rossi, Dino (R)
ALDEN, IA 50006 BEST EFFO
RASTETTER, BRUCE L SELF/BUSINESS OWNER 9/30/10 1$2,400 Zaun, Brad (R)
I ALDEN, IA 50006
RASTETTER, BRUCE L HAWKEYE ENERGY 7/21/10 $2,400 Toomey, Pat (R)
MR
I ALDEN, IA 50006 20f3

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Contributor ! Occupation I Date iAmountl Recipient I
RASTETTER, BRUCE L HAWKEYE ENERGY HOLDINGS 9/30/10 $2,400 Coats, Daniel R (R)
MR
ALDEN,IA 50006
RASTETTER, BRUCE HAWKEYE ENERGY/CEO 11/1 )9 $2,400 Toomey, Pat (R)
MR
ALDEN, IA 50006
RASTETTER, JULIE HOMEMAKE~HOMEMAKER 5/30/10 $2,400 Gibbons, Jim (R)
AMES,IA 50010
RASTETTER, BRENT QUALITY AGRICULTURE/CEO 8/27/08 $2,300 McConnell, Mitch (R)
I ALDEN, IA 50006
RASTETTER, BRUCE HAWKEYE ENERGY HOLDINGS/C.E.O. 6/23/08 $2,300 Johanns, Michael 0 (R)
I ALDEN, IA 50006
RASTETTER, BRUCE HAWKEYE ENERGY/CEO 9/3/08 $2,300 McConnell, Mitch (R)
i ALDEN, IA 50006
RASTETTER, BRUCE HEARTLAND PARK/PRESIDENT 10/24/07 1$2 Coleman, Norm (R)
IOWA FALLS,IA 50126
RASTETTER, BRUCE HEARTLAND PARK/PRESIDENT 11/6/07 $2,300 Coleman, Norm (R)
IOWA FALLS,IA 50126
RASTETTER, BRUCE L RENEWABLES/PRESI DENT 8/8/07 $2,300 Giuliani, Rudolph W (R)
MR
IOWA FALLS,IA 50126
RASTETTER, BRUCE L HAWKEYE ENERGY HOLDINGS 7/1/08 $2,300 McCain, John (R)
MR L. L. C./C. E.
ALDEN, IA 50006
RASTETTER, BRUCE L HAWKEYE ENERGY HOLDINGS 7/10/08 $2,300 McCain, John (R)
MR L. L. C./C. E.
I ALDEN, IA 50006
RASTETTER, BRUCE L HAWKEYE RENEWABLES/PRESI DENT 6/30/07 $2,300 Romney, Mitt (R)
MR
IOWA FALLS,IA 50126
Rastetter, Bruce Heartland Pork Company 9/21/06 $2,100 I Lamberti, Jeffrey (R)
Iowa Falis,IA 50126
RASTETTER, BRUCE IOWA SELECT FARMS/EXECUTIVE 10/25/061 $2, 100 Latham, Tom (R) I
IOWA FALLS.IA 50126 J ~N.E?xt

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Donor name: rastetter Donor State: IA Cycle(s) selected: All $tartanQt.bl:i.[ ... search

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93 records found in 0.079 seconds. Total for this search: $223,350

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Previous 12
Contributor Occupation Date [Amount Recipient
RASTETTER, BRUCE HAWKEYE ENERGY/CEO 9/15/10 $1,000 Republican Party of Iowa (R)
IOWA FALLS,IA 50126
RASTETTER, BRUCE HAWKEYE RENEWABLES/CEO 5/9/09 $1,000 Latham, Tom (R)
IOWA FALLS,IA 50126
RASTETTER, BRUCE HEARTLAND PORK CO./OWNER 11/9/07 $1,000 Republican Party of Iowa (R)
IOWA !=ALLS IA 50126
RASTETTER, BRUCE HAWKEYE RENEWABLES/CEO 12/5/07 $900 Latham, Tom (R)
IOWA FALLS,IA 50126
RASTETTER, BRUCE IOWA SELECT FARMS/EXECUTIVE 3/22/07 $900 Latham, Tom (R)
IOWA FALLS,IA 50126
RASTETTER, BRUCE HAWKEYE RENEWABLES/CEO 5/3/07 $500 Latham, Tom (R)
IOWA FALLS,IA 50126
RASTETTER, BRUCE HAWKEYE RENEWABLES/CEO 3/31/07 $500 Harkin, Tom (D)
IOWA FALLS,IA 50126
RASTETTER, BRUCE HEARTLAND PORK CO./OWNER 7/12/07 $500 Republican Party of Iowa (R)
IOWA FALLS,IA 50126
RASTETTER, BRUCE CEO 7/27/04 $500 lowaPAC (R)
, ALDEN, IA 50006
RASTETTER, HEARTLAND PORK/OWNER 3/17/04/ Thompson, Stan (R)
ALDEN, IA 50006
Rastetter, Bruce Heartland Pork Co. 10/5/061 $400 Republican Party of Iowa (R)
Iowa Falls,IA 50126
RASTETTER, BRUCE IOWA SELECT FARMS/EXECUTIVE 3/22/07 ] $-900 Latham, Tom (R)
IOWA FALLS,IA 50126
RASTETTER, BRUCE HEARTLAND PARK 7/9/02 $-1,000 Coleman, Norm (R)
HUBBARD,IA 50122
RASTETTER, BRUCE 6/30/02 $-1,500 Thompson, Stan (R) I
ALDEN, IA 50006 10f3

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__ . gc:>_r1_!E!~~~___ .. J___________Q~~~~_tiOn._________J __ ~~te _J~~~~~!J___________~~~!E~~n.!__ J

~~~E;:t~~, I~R5~~~6 .1 _ _.............................. . j~:1.~:~ .. ~j .~-~'~~~j~~:~:~, .. ~.it~ .. (~) 1

r~~~~~~:CL~, I~R5~~~6 .. I .. ~.~.~.~~.~~_~~~~.~ .. ~.~.~.~I.~~~~ __ .I.~~~~~~.~ I~~~,~~~I.~~I:::~,~:~:~~) I

~~~~~l~~O~:UCE I HAWKEYE HOLDINGS/CEO J 11/23/091 $-2,40~JGi~bOnS, Jim_~ J

~~~~~l~~o~:u~~J. 17/22/10 $-2,400 I Gibbons, Jim (R)I

RASTETTER, BRUCE 1 HAWKEYE ENERGY HOLDI NGS/CEO j 3/31/10 1$-2,4001 Rubio, Marco (R) I

~_~P§_~~I_~ __ ?g_~q_§ _I_ .. __ .. _ ._ .. _--------- .. 1 __ .. _-------- . _ .. .. _ _ .. .. __ _._ 1

~~~E~~~~L~~l~~~~~~§ I::~.~~.~_~~~~:~~~~~~.~~_~___......._ .. j_~~~_~~~~I_~~~,~~_~I.~~t_~:::_~::.(.~) .. _ _ _1

~~~~l~~~9~;~~~IJ~:~~:1~J~-~,~~~I~:~t:~'~:~:(~)J

~~[~:l~~~9~;~~~~J::~_~~~_~~_~~~~_~~_~~I~~~~~_~~___I_~_~~~_~~~~j~~'~_~~J~::~i::~~~t~~:_~~~~J

RASTETTER, BRUCE L 1 HAWKEYE ENERGY HOLDINGS 19/29/10 1$2,400 I Boozman, John (R) I

~!:!2~~,~~~ggQ_~ __ _ ____________J .. _ . .J ______...... ___...... . -1

;~~~~~~I~~~¥~~_._~J~~~_~=~~~_PO RKlC~O_________j 12/~~~~_~j $2,~~_~J~~:~~~~:_~~~~~~R)___ J

.~;~~~~~!~~:q~~~~ __ ~J_~_~~~~_~~~_~_~_:~~~~ J.~~~~_~~~_~J _~~:_~~~J_~_r_:~_~I:~ __ ~~_~~_~ __ ::) J

~~.~~l~~~.Q~;.~.~.~ ~ I.~.~ .. ~.~~.~ .. ~.~.I .. ~ .. ~.~.~~:~~ .. ~ I .. ~.~~.~/ 1 0 :.~.~.'.~.~.~ I_~:~~, ~.~:.~ .. (.~) 1

RASTETTER, BRUCE L HAWKEYE ENERGY HOLDINGS 19/29/10 1$2,400 jl Fiorina, Carly (R) 1

ALDEN, IA 50006_ I ~ _ _j

_~~~~l~~~9~;~~~~I~~~~~~~f~~~~~~~~~~~~~~~~J~/~~~1~J~~,~~~J~:~~i,~i~~~~~J

RASTETTER, BRUCE L 1 HAWKEYE RENEWABLE 16/21/10 1$1,000 Ilowa Corn Growers Assn I

~~g~~,I.~ ?ggq(3 _ ~.~.~.f3.S?y!~.l!?I .. ~~~?~~....._ _.__ 1 1 1

RASTETTER, BRUCE L I HAWKEYE RENEWABLE 6/19/09 1$1 ,000 1 Iowa Corn Growers Assn I

ALDEN,IA 50006 ENERGY/BUSINESSMA j __j

RASTETT-ER, BRUCE L HAWKEYE HOLDINGS INC./CEO 10/27/09/$3-0,000 Nat;;;-;:;-R-;Publi~~n Senatorial I

MR I Cmte (R)

IqYYc\f~~~§:I~?g}?'(3,JJ

RASTETTER, BRUCE L HAWKEYE RENEWABLES, 8/12/08 1$28,500 National Republican Senatorial I

MR LLC/HAWKEYE HOL I Cmte (R) I

_IQyyC\E_~_~~_?~J_~ __ ?g1?_(3________________________________________ ; . ._____ ..______ J

RASTETTER, BRUCE L I HAWKEYE ENERGY/CEO. 7/14/08 . $5,000 I National Republican

MR I I Congressional Cmte (R)

~_L.p_§_~~_IC\_?ggg(3____________I________________________________________________________________________ _ _ _ _ _ _ _ _ _ _ __ __ _ _

RASTETTER, BRUCE L '[' HAWKEYE ENERGY/CEO. 7/14/10 1$5,000 National Republican

MR Congressional Cmte (R)

t:l~~~f3P:_~~_5_q~_?? j_________ ._______ .. _ . . ._____ _

RASTETTER, BRUCE L HAWKEYE ENERGY/CEO. 10/26/09[$5,000 I National Republican j

MR I Congressional Cmte (R)

_HU_~~~_RO_,_IA_50 1_?:? ._. . . . . ._________ .. _l.___I___._. .. . __ ._ .. . __ . . __ . ... __ . . .

9/30/10 I $2,400 Coats, Daniel R (R) I

J

RASTETTER, BRUCE L HAWKEYE ENERGY HOLDINGS MR

ALDEN,IA 50006

20[3

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1____~9~!_r:i~~:!tor J ~ccu patJ?~ J _ _E_~!~ _ __j A~?_I:l_!:'l~ __ Re~ip_i!~! J

I RASTETTER, BRUCE L I HAWKEYE ENERGY 7/21/10 I $2,400 Toomey, Pat (R)

iMR '

iALDEN,IA 50006 I

i····· ".... . "'",, ..1 "J .

: ~::::::~::~CE L ] ~~~~Y~~NERGY HOLDINGS .. _ . 7/1/08_:$2,: .. M:i~' John (R)-~-~]

i RASTETTER, BRUCE L HAWKEYE ENERGY HOLDINGS 17/10/08 I $2,300 I McCain, John (R)

1~~[)EN,I~.?g006 L.L.C./C.E·I .1

: ~STETTER, BRUCE L I HAWKEYE RENEWABLES/PRESIDENT ]6/30/07 ,$2,300) I Romney, Mitt (R) I

,IOWAFALLS,IA501~ j

1--- - ----- --------- .. ----- ------ --- ----.----.------.----

! RASTETTER, BRUCE L I RENEWABLES/PRESIDENT 18/8/07 $2,300 Giuliani, Rudolph W (R) I

;MR I

IJ O'{'JA _E_C\LLS, I~~~!~§__j___ _ .____ _ __ _ _ _ _ L___ _ _ __ _ __ _ _._ _ I

I ~STETTER, BRUCE I HAWKEYE ENERGY/CEO 111/11/091 $2,400 Toomey, Pat (R) I

i~~!:)§t.'!!I~.?_qQ9?J...._........._...... .J.......! J

I ~~~~I:T:o.~.1 ~ ULI.E ! .. H.~ .. ~ .. ~.~.~.~ER/HO M EMAKE~ I~/~~/.1 .. ~J.~.~ .. " .. ~ I.~i.~.~.~.~~,.~.I=.(~).... . 1

Previous 1 ~

Feel free to distribute or cite this material, but please credit the Center for Responsive Politics. For permission to reprint for commercial uses, such as textbooks, contact the Center.

The Center for Responsive Politics

Except for the EeY.QJ\iin9 __ Q.Q.QI section, content on this site is licensed under a CIe.ati\i.e ... CQJIJillQJJ2 .. ~t.t[\b.\J.t.lQl1~.N.QnCQmmeD;;Lal:-.Share .. ~Llk,d .• .Q .. U.nlte.cLState.$ .. License by OpenSecrets,org, To request permission for commercial use, please contgct us.

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