# Way Back PAC 2M Dark Money Grants Q3 2026 **[[Way Back PAC]]**, FEC committee **C00824342**, disclosed **$2,000,000.00** from two entities carrying **no FEC committee ID** on its **Q3 2026 Form 3X** — file **2020959**, `F3XN`, received **2026-10-13T19:03:19** (FEC local time), coverage 2026-07-01 to 2026-09-30, signed by treasurer Ryan Lance on 2026-10-13. Both grants arrive on **Line 17** — *Other Federal Receipts* — into the committee's **non-contribution account**, not as Line 11 contributions. Per FEC Back-Sweep Standard **Rule 5** the line number is part of the fact: these are not reportable contributions to a federal committee, they are soft-side money into the super-PAC half of a [[Hybrid PAC]]. ## Terms | Grantor | Amount | Date | Entity type | Address of record | FEC ID | |---|---|---|---|---|---| | **Western Futures Fund** | **$1,000,000.00** | 2026-07-16 | `COM` | 30 N Gould St, Sheridan WY 82801 | **none reported** | | **Green Advocacy Project** | **$1,000,000.00** | 2026-08-24 | `ORG` | 6218 Georgia Ave NW #1-556, Washington DC 20010 | **none reported** | | Item | Detail | |---|---| | Recipient | **Way Back PAC**, FEC **C00824342**, **Hybrid PAC (with Non-Contribution Account) — Qualified**, first filed 2022-09-02, 30 N Gould St Suite 4205, Sheridan WY | | Line | **`SA17`**, both rows, both flagged *Non-Contribution Account* | | Aggregate on the Western Futures Fund row | $2,075,000.00 (filer-dependent; Rule 4c) | | Disclosed | FEC **Form 3X**, Q3 2026, **file 2020959** | 🔴 **Western Futures Fund files from the recipient committee's own street address.** Both the grantor and Way Back PAC give **30 N Gould St, Sheridan, Wyoming** as their address of record — a building known as a high-volume registered-agent address. ### The recipient's whole quarter, reconciled | Line | Figure | |---|---| | Total receipts, 2026-07-01 to 2026-09-30 | **$4,418,521.17** | | — **non-contribution account** receipts (Line 17 side) | **$4,392,571.43** (99.4%) | | — federal contributions (Line 11 side) | **$20,949.74** (0.5%) | | Total disbursements | **$4,662,368.18** | | — **non-contribution account** disbursements | **$4,633,722.83** (99.4%) | | Independent expenditure this period | **$831.88** | | Cash on hand, 2026-09-30 | $325,305.44 | | Cycle receipts to date | **$8,451,814.43** | ### The rest of the soft-side donor list Besides the two $1M grants, the same document itemises **Toolbox** ($550,000.00 across three rows), **[[Michael Moritz]]** ($500,000.00), Americans For Fairness ($250,000.00), Rory Gates ($250,000.00), Gwendolyn Sontheim ($250,000.00), **[[Reid Hoffman]]** ($245,000.00), Debra Efroymson ($100,000.00), Wisconsin Future Rising Inc. ($100,000.00) and Noah Stein ($75,000.00). > [!note] §7 floors > Only the two $1,000,000.00 grants are on this Deal page. The Moritz and Hoffman contributions are > **below the §7 individual-contribution floor of $1M** and are recorded here as context, not as Deals. ### Where the soft money went Line 29 *Other disbursements* — **$4.63 million** re-granted out to state and local committees and candidates, not spent on federal advertising: | Recipient | Amount | |---|---| | Wheel Dog PAC | $1,325,000.00 | | Working Class Majority PAC, Inc. | $1,200,000.00 | | Montana Freedom PAC | $300,000.00 | | Willems for Iowa (IA Attorney General) | $300,000.00 | | No On 2 | $275,000.00 | | Retire Career Politicians | $250,000.00 | | The PAC For America's Future | $250,000.00 | | The 1861 Initiative | $200,000.00 | | Your Community PAC | $150,000.00 | plus a long tail of $4,000–$75,000 grants to Kansas, Nebraska, Wyoming, Montana and Utah state legislative and down-ballot candidates. ## Why it matters **This is a federal committee operating as a state-money laundromat, and it is legal.** 99.4% of what came in and 99.4% of what went out moved through the non-contribution account. The committee reported **$831.88** of federal independent expenditure in an entire quarter while moving **$4.63 million** to state and local vehicles. The federal registration is the plumbing, not the purpose. **Two of the three largest sources are entities with no FEC identity at all.** Western Futures Fund and Green Advocacy Project each put in $1,000,000.00 and neither carries a committee ID, which means neither files with the FEC and neither discloses its own donors here. Whatever they are — 501(c)(4), LLC, or trust — this document is the end of the paper trail. **The down-ballot targeting is the tell.** Kansas appears repeatedly on the disbursement side: Chris Mann for Attorney General, Dinah Sykes for Insurance Commissioner, Jen Day for Secretary of State, Kansans for a Democratic House, and Hamilton For Kansas — the Senate nominee in [[KS-Sen-2026]]. The same state this sweep has been tracking for $4.66 million of federal anti-incumbent money is also taking soft-side money through a Wyoming mailbox. ## Open questions - **What Western Futures Fund and Green Advocacy Project are.** Neither has an FEC identity; both need corporate or tax records this task cannot reach. - **Toolbox** ($550,000.00) — the third-largest source and also unidentified. - How many other committees file from **30 N Gould St, Sheridan WY**. - Whether Wheel Dog PAC and Working Class Majority PAC, Inc. — $2.5M between them — are federal or state vehicles; both appear in the 2026-10-11 Schedule E tranche as federal spenders. ## See Also - [[Way Back PAC]] · [[Western Futures Fund]] · [[Green Advocacy Project]] - [[Michael Moritz]] · [[Reid Hoffman]] - [[Hybrid PAC]] · [[Dark Money]] · [[Soft Money]] · [[Super PACs]] - [[KS-Sen-2026]] · [[Deals Hub]]