# Way Back PAC **Way Back PAC** is a federal **[[Hybrid PAC]] (with Non-Contribution Account) — Qualified**, FEC **C00824342**, first filed **2022-09-02**, at **30 N Gould St Suite 4205, Sheridan WY 82801**, treasurer of record **Ryan Lance**. On the available record it functions as a **pass-through**: in Q3 2026 it took in **$4,418,521.17**, of which **99.4% arrived on Line 17 into the non-contribution account**, and paid out **$4,633,722.83** from that account to **state and local committees and candidates** — while reporting **$831.88** of federal independent expenditure in the entire quarter. ## What the FEC record says | Item | Detail | |---|---| | FEC committee ID | **C00824342** | | Committee type | **Hybrid PAC (with Non-Contribution Account) — Qualified**, Unauthorized | | First filed | **2022-09-02** | | Address of record | **30 N Gould St Suite 4205, Sheridan WY 82801** | | Treasurer | **Ryan Lance** | ### Q3 2026, from file 2020959 (`F3XN`, coverage 2026-07-01 to 2026-09-30) | Line | Figure | |---|---| | Total receipts | **$4,418,521.17** | | — non-contribution account (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** | ### Soft-side sources, Q3 2026 (Line 17) | Source | Amount | FEC ID | |---|---|---| | **[[Western Futures Fund]]** | **$1,000,000.00** | none reported | | **[[Green Advocacy Project]]** | **$1,000,000.00** | none reported | | Toolbox | $550,000.00 (3 rows) | none reported | | **[[Michael Moritz]]** | $500,000.00 | individual | | Americans For Fairness | $250,000.00 | none reported | | Rory Gates | $250,000.00 | individual | | Gwendolyn Sontheim | $250,000.00 | individual | | **[[Reid Hoffman]]** | $245,000.00 | individual | | Debra Efroymson | $100,000.00 | individual | | Wisconsin Future Rising Inc. | $100,000.00 | none reported | | Noah Stein | $75,000.00 | individual | Only the two $1,000,000.00 grants clear the Deals design doc **§7** bar; see [[Way Back PAC 2M Dark Money Grants Q3 2026]]. ### Soft-side disbursements, Q3 2026 (Line 29) | 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 tail of $4,000–$75,000 grants to Kansas, Nebraska, Wyoming, Montana and Utah down-ballot candidates — including Hamilton For Kansas, the Democratic nominee in [[KS-Sen-2026]]. ## Why it matters **The federal registration is plumbing, not purpose.** $831.88 of federal independent expenditure against $4.63 million of outbound state and local grants is not a federal advertising committee; it is a conduit that happens to be registered federally. **Two of its three largest sources have no FEC identity.** [[Western Futures Fund]] and [[Green Advocacy Project]] each gave $1,000,000.00 and neither files with the FEC. One of them gives the **same street address as Way Back PAC itself**. **It is the soft-side counterpart to the hard-money story this sweep has been tracking in Kansas.** The same state taking $4.66 million of federal anti-incumbent money is also receiving down-ballot grants through a Wyoming mailbox. ## Open questions - What **Western Futures Fund**, **Green Advocacy Project**, **Toolbox**, **Americans For Fairness** and **Wisconsin Future Rising Inc.** are. All need corporate or tax records this task cannot reach. - How many committees file from **30 N Gould St, Sheridan WY**. - Whether **Wheel Dog PAC** and **Working Class Majority PAC, Inc.** — $2.5M between them, and both present as federal spenders in the 2026-10-11 Schedule E tranche — are the same entities. ## See Also - [[Western Futures Fund]] · [[Green Advocacy Project]] · [[Way Back PAC 2M Dark Money Grants Q3 2026]] - [[Michael Moritz]] · [[Reid Hoffman]] - [[Hybrid PAC]] · [[Dark Money]] · [[Soft Money]] · [[Super PACs]] - [[KS-Sen-2026]] · [[Organizations Hub]]