See a Social Security Number? Say Something! Report Privacy Problems to https://public.resource.org/privacy Or call the IRS Identity Theft Hotline at 1-800-908-4490 Tj?jj ?UPil\lt\'lED MAR 2 (D 2014 26062055? K310512014 3 38 PM Fcirm Vi Department of the Treasury Internal Revenue Service A For the 2011 calendar year. or tax year beginning 3 Ghee-Mfapphcabte Name ol organization [3 Address change El Name change Initial return El Terminated 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) . and endirg AMERICAN FUTURE FUND The organization may have to use a copy of this return to satisfy state reporting requirements. Doing Business As OMB No 1545-0047 2011 Open to Public Inspection Employer ldentl?catlon number Number and stre 4225 FL at (or 0 box it mail is not delivered to street address) EUR DRIVE SUITE 14 2 Roon-ilsuite Telephone number 515-720-5250 City or town. state or country. and 4 2,558.341 Amended 'elU 'Gross Name and address or principal office: A Pp ica ion Den ing Sandy Greiner I Pres ident H(a) Is this agroup return loraf?liates? Yes No 42 2 5 Fleur Drive Suite 142 "lb! Are all af?tiates included? ?'attach a list (see instructions) I Tax-exenii? status I 501(c)J 4)4(inserino) I Website mcorporalion Trust 1-1 Association l.LOtherV H527 H(c) Group exemption number Year of formation 2 0 0 7 Slateoflegal domicile. IA Form of organization Part Summary 1 Briefly describe the organization's mission or most signi?cant activities 3 American Future Fund works to promote conservative free market principles to the citizens of America. I -- REC EHVE lJ 5 2 Check this box El if the organization discontinued its o7?dHi of its net assets ,5 3 Number of voting members of the governing body (Part VI. liijegiaNumber of independent voting members of the governing body (Part Vl. line 1b) A tiff}! 4 3 5 Total number of individuals employed in calendar year 2011 (Part V. I =2 5 0 6 Total number of volunteers (estimate if necessaryTotal unrelated business revenue from Part Vltl. column (C). line 12 7a 0 Net unrelated business taxable income from Form 990-T. line 34 7b 0 Prior Year Current Year 0 8 Contributions and grants (Part Vll .line1hProgram service revenue (Part Vltl. line 2g) 0 0 5 10 Investment income (Part column (A). lines Other revenue (Part column (A). lines 5. 6d. 80. 9c. 10c. and He) 0 0 12 Total revenue add lines 8 through 11 (must equal Part line 12Grants and similar amounts paid (Part IX. column (A). lines 1-Bene?ts paid to or for members (Part IX. column (A). line 4) 0 0 3 15 Salaries, other compensation, employee benefits (Part IX. column (A). lines 5-10) 0 2 16a Professional fundraising fees (Part IX. column (A). line He) 0 0 E. Total fundraising expenses (Part IX. column (D). line 25Other expenses (Part ix. column(A). lines 11a?11d. 11f-24e) 21, 199. 590 2. 521. 752 18 Total expenses Add lines 13-17 (must equal Part IX. column (A). line 25Revenue less expenses Subtract line 18 from line 121 Beginning of Current Year End of Year 2o 2,687,576 1,608,455 5: 21 Total liabilities (Part X. line 26) 0 0 2:5 22 Net assets or fund balances Subtract line 21 from line Part it g?ature Block Under penalties of perjury. I declare that I have examined this return. including accompanying schedules and statements. and to the best of my knowledge and belief. it is true. correct. and completf D?eclaration of officer) is based on all information of which preparer has any knowledge 1 mun girl/my la??-14 Signal 7 VVIV Date Here Type or p'rin1nan'ie'5nd title preparers name Preparers signature Date check ?r PTIN P3'd Deborah A. Kolarich, cm A c,e/ o3/os/14 sell-employed P01421746 Preparer Firm's name Deborah A. Kolarich, Firm's EINV U59 2908 Poston Ave Nashville, Phoneno May the IRS discuss this return with the preparer shown above?? (see instructions) If] Yes For Paperwork Reduction Act Notice. see the separate instructions. DAA Gt? 4, Fomii 990 (2011) Form 9'90 (2o11)' AMER: CAN FUTURE FUND Page 2 Part Ell Statement of Program Service Accomplishments Check if Schedule 0 contains a response to any question in this Part I 1 Briefly describe 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 priorForm 990 or Yes El No lf "Yes," describe these new services on Schedule 0. 3 Did the organization cease conducting, or make signi?cant changes in how it conducts, any program services? Yes No If "Yes," describe these changes on Schedule 0. 4 Describe the organization's program service accomplishments for each of its three largest program services, as measured by expenses Section 501(c)(3) and 501(c)(4) organizations and section 494T(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 4a (Code (Expenses 3 407 990 including grants of 1 0 15 7 00 (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 4c (Code. )(Expenses including grants of (Revenue 4d Other program services (Describe in Schedule 0 (Expenses including grants of (Bevenue 4e Total program service expenses 3 4 0'7 9 9 0 DAA Form (2011) Form 990 (20111 AMERI CAN FUTURE FUND Page_3 Part IV Checklist of Required Schedules Yes No 1 Is the organization described in section 501(c)(3) or (other than a private foundation)? If "Yes," complete Schedule A 1 2 Is the organization required to complete Schedule B, Schedule of Contributors (see instructions)? 2 3 Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public of?ce? If "Yes," complete Schedule C, Part I 3 4 Section 501(c)(3) organizations. Did the organization engage in lobbying activities. or have a section 501(h) election in effect during the tax year?? If "Yes," complete Schedule C, Part II 4 5 Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19? If "Yes," complete Schedule C, Part 5 6 Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If "Yes," complete Schedule D, Part I 6 Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas. or historic structures?? If "Yes," complete Schedule D, Part II 7 8 Did the organization maintain collections of works of art, historical treasures, or other similar assets? If "Yes," complete Schedule D, Part 8 9 Did 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 negotiation services?? If "Yes," complete Schedule D, Part IV 9 10 Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?? If "Yes," complete Schedule D, Part 10 11 If the organization's answer to any of the following questions is ?Yes," then complete Schedule D, Parts VI, VII, IX, or as applicable a Did the organization report an amount for land, buildings, and equipment in Part X, line 10'? If"Yes," complete Schedule D, Part VI 11a Did the organization report an amount for investments-??other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X, line 16?? If "Yes," complete Schedule D, Part VII 11b Did the organization report an amount for investments?program related in Part X, line 13 that is 5% or more of its total assets reported in Part X, line 16'? If "Yes," complete Schedule D, Part 11c Did the organization 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 16'? If "Yes," complete Schedule D, Part IX 11d Did the organization report an amount for other liabilities in Part X, line 25'? If "Yes," complete Schedule D, Part 11e Did the organization's separate or consolidated ?nancial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)? If "Yes," complete Schedule D, Part 11f 12a Did the organization obtain separate, independent audited financial statements for the tax year? If "Yes," complete Schedule D, Parts xi, XII, and 12a Was the organization included in consolidated, independent audited financial statements for the tax year? If "Yes," and if the organization answered "No" to line 12a, then completing Schedule D, Parts XI, XII, and is optional 12b 13 Is the organization a school described in section f"Yes," complete Schedule 13 14a Did the organization maintain an of?ce, employees, or agents outside of the United States?? 14a Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?? f"Yes," complete Schedule F, Parts I and IV 14b 15 Did the organization 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, Parts II and IV 15 16 Did 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?? f"Yes," complete Schedule F, Parts Ill and IV 16 17 Did the organization report a total of more than $15,000 of expenses for professional fundraising services on Part IX, column (A), lines 6 and 11e? If "Yes," complete Schedule G, Part I (see instructions) 17 18 Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part lines 1c and 8a?? If "Yes," complete Schedule G, Part II 18 19 Did the organization report more than $15,000 of gross income from gaming activities on Part line 9a?? If "Yes," complete Schedule G, Part 19 20a Did the organization operate one or more hospital facilities?? If "Yes," complete Schedule 20a If "Yes" to line 20a, did the organization attach a cop;Lof its audited financial statements to this return?? 20b DAA Form 990 (2011) Form $990 @011)? AMERICAN FUTURE FUND Page 4 Part IV Checklist of Required Schedules (continued) Yes No 21 Did the organization report more than $5,000 of grants and other assistance to any government or organization in the United States on Part IX, column (A), line 1? If "Yes," complete Schedule I, Parts I and II 21 22 Did the organization report more than $5,000 of grants and other assistance to individuals in the United States on Part IX, column (A), line 2? If "Yes," complete Schedule I, Parts I and Ill 22 23 Did the organization answer "Yes" to Part VII, Section A. line 3, 4, or 5 about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?? If "Yes," complete Schedule 23 24a Did the organization 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 If go to line 25 24a Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception? 24b Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds? 24c Did the organization act as an "on behalf of" issuer for bonds outstanding at any time during the year? 24d 25a Section 501(c)(3) and 501(c)(4) organizations. Did the organization engage in an excess bene?t transaction with a disqualified person during the year? If "Yes," complete Schedule L. Part I 25a Is the organization aware that it engaged in an excess benefit transaction with a disquali?ed person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or If "Yes," complete Schedule L, Part I 25b 26 Was a loan to or by a current or former of?cer, director, trustee, key employee, highly compensated employee, or disquali?ed person outstanding as of the end of the organization's tax year? If "Yes," complete Schedule L, Part II 26 27 Did the organization provide a grant or other assistance to an of?cer, director, trustee, key employee. substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons? If "Yes," complete Schedule L, Part 27 28 Was the organization a party to a business transaction with one of the following parties (see Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions) a A current or former officer, director, trustee, or key employee? If "Yes." complete Schedule L, Part IV 28a A family member of a current or former officer, director, trustee, or key employee? If "Yes." complete Schedule L, Part IV 28b An entity of which a current or former of?cer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner? If "Yes," complete Schedule L, Part IV 28c 29 Did the organization receive more than $25,000 in non-cash contributions? If "Yes," complete Schedule 29 30 Did the organization receive contributions of art, historical treasures, or other similar assets, or quali?ed conservation contributions? If "Yes," complete Schedule 30 31 Did the organization liquidate, terminate, or dissolve and cease operations? If "Yes," complete Schedule N, Part I 31 32 Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If "Yes," complete Schedule N, Part II 32 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 34 Was the organization related to any tax-exempt or taxable entity? If "Yes," complete Schedule R, Parts II, IV, and V, line 1 34 35a Did the organization have a controlled entity within the meaning of section 512(b)(13)? 35a Did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If "Yes," complete Schedule R, Part V, line 2 35b 36 Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related organization? If "Yes," complete Schedule R, Part V, line 2 36 37 Did 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 38 Did the organization complete Schedule 0 and provide explanations in Schedule 0 for Part VI, lines 11 and 19? Note. All Form 990 filers are required to complete Schedule 0 38 Form 990 (2011) BAA Form 990 (2011)? AMERICAN FUTURE FUND 2 5 - 0 62 0554 Pagg5 Part Statements Regarding Other IRS Filings and Tax Compliance Check if Schedule 0 contains a response to any question in this Part Yes No 1a Enter the number reported in Box 3 of Form 1096. Enter -0- it not applicable 1a 2 1 Enter the number of Forms W-2G included in line 1a Enter -0- if not applicable 1b 0 Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?? 1c 2a Enter the number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, ?led for the calendar year ending with or within the year covered by this return 2a 0 If at least one is reported on line 2a, did the organization ?le all required federal employment tax returns?? 2b Note. If the sum of lines 1a and 2a is greater than 250, you may be required to e-?le (see instructions) 3a Did the organization have unrelated business gross income of $1,000 or more during the year?? 3a If ?Yes." has it filed a Form 990-T for this year? If provide an explanation in Schedule 0 3b 4a At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other ?nancial account)? 4a If "Yes," enter the name of the foreign country See instructions for filing requirements for Form TD 90-22 1, Report of Foreign Bank and Financial Accounts. 5a Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?? 5a Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction? 5b If "Yes" to line 5a or 5b. did the organization ?le Form 5c 6a Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible?? 6a if "Yes," did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?? 6b 7 Organizations that may receive deductible contributions under section 170(c). a Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?? 7a If "Yes." did the organization notify the donor of the value of the goods or services provided?? Tb Did the organization sell, exchange. or otherwise dispose of tangible personal property for which it was required to file Form 8282'? 7c If indicate the number of Forms 8282 ?led during the year I 7d I Did the organization receive any funds, directly or indirectly, to pay premiums on a personal bene?t contract?? Te Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract? 7f If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?? 79 If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 7h 8 Sponsoring organizations maintaining donor advised funds and section 509(a)(3) supporting organizations. Did the supporting organization, or a donor advised fund maintained by a sponsoring organization, have excess business holdings at any time during the year? 8 9 Sponsoring organizations maintaining donor advised funds. a Did the organization make any taxable distributions under section 4966?? 9a Did the organization make a distribution to a donor, donor advisor, or related person? 9b 10 Section 501(c)(7) organizations. Enter a Initiation fees and capital contributions included on Part line 12 10a Gross receipts, included on Form 990. Part line 12. for public use of club facilities 10b 11 Section 501(c)(12) organizations. Enter 2! Gross income from members or shareholders 11a Gross income from other sources (Do not net amounts due or paid to other sources against amounts due or received from them 11b 12a Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041'? 12a if "Yes," enter the amount of tax-exempt interest received or accrued during the year 12b I 13 Section 5Cl1(c)(29) qualified nonprofit health insurance issuers. a Is the organization licensed to issue quali?ed health plans in more than one state?? 13a Note. See the instructions for additional information the organization must report on Schedule 0 Enter the amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans 13b Enter the amount of reserves on hand 13c 14a Did the organization receive any payments for indoor tanning services during the tax year?? 14a If "Yes.? has it filed a Form 720 to report these payments?? If provide ai?pianation in Schedule 0 14b DAA Form 990 (2011) 260620554 4 29 PM FUTURE FUND Page 5 Part Vl Governance, Management, and Disclosure For each "Yes" response to lines 2 through 7b below. and for a "No" response to line 8a. 8b, or 10b below, describe the circumstances, processes, or changes in Schedule 0 See instructions. Check if Schedule 0 contains a response to any question in this Part VI Section A. Governing Body and Management Yes No ?la Enter the number of voting members of the governing body at the end of the tax year 1a 3 If there are material differences in voting rights among members of the governing body. or if the governing body delegated broad authority to an executive committee or similar committee. explain in Schedule 0 Enter the number of voting members included in line 1a. above. who are independent 1b 3 2 Did any officer. director. trustee. or key employee have a family relationship or a business relationship with any other officer, director. trustee. or key employee?? 2 3 Did the organization delegate control over management duties customarily performed by or under the direct supervision of officers. directors. or trustees. or key employees to a management company or other person?? 3 4 Did the organization make any significant changes to its governing documents since the prior Form 990 was ?led? 4 Did the organization become aware during the year of a significant diversion of the organization's assets? 5 6 Did the organization have members or stockholders?? 6 7a Did the organization have members. stockholders. or other persons who had the power to elect or appoint one or more members of the governing body?? 7a Are any governance decisions of the organization reserved to (or subject to approval by) members. stockholders. or persons other than the governing body?? 7b 8 Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following a The governing body?? 8a Each committee with authority to act on behalf of the governing body?? 8b 9 Is there any officer. director. trustee. or key employee listed in Part VII. Section A. who cannot be reached at the organization's mailing address?? If "Yes." provide the names and addresses in Schedule 0 9 Section B. Policies (This Section requests information about policies not re_q_uired by the Internal Revenue Code Yes No 10a Did the organization have local chapters. branches. or affiliates?? 10a If ?Yes." did the organization have written policies and procedures governing the activities of such chapters. affiliates. and branches to ensure their operations are consistent with the organization's exempt purposes?? 10b 11a Has the organization provided a complete copy of this Form 990 to all members of its governing body before filing the form?? 11a Describe in Schedule 0 the process. if any. used by the organization to review this Form 990 12a Did the organization have a written conflict of interest policy?? lf?No." go to line 13 12a Were officers. directors. or trustees. and key employees required to disclose annually interests that could give rise to conflicts?? 12b Did the organization regularly and consistently monitor and enforce compliance with the policy?? if "Yes." describe in Schedule 0 how this was done 12c 13 Did the organization have a written whistleblower policy?? 13 14 Did the organization have a written document retention and destruction policy? 14 15 Did the process for determining compensation of the following persons include a review and approval by independent persons. comparability data. and contemporaneous substantiation of the deliberation and decision?? a The organization's CEO. Executive Director. or top management official 15a Other officers or key employees of the organization 15b If "Yes" to line 15a or 15b. describe the process in Schedule 0 (see instructions) 16a Did the organization invest in, contribute assets to. or participate in a joint venture or similar arrangement with a taxable entity during the year?? 16a If "Yes." did the organization follow a written policy or procedure requiring the organization to evaluate its participation in j0il'll venture arrangements under applicable federal tax law. and take 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 this Form 990 is required to be filed None 18 Section 6104 requires an organization to make its Forms 1023 (or 1024 if applicable). 990. and 990-T (Section 501(c)(3)s only) available for public inspection indicate how you made these available Check all that apply Own website Another's website Upon request 19 Describe in Schedule 0 whether (and if so. how). the organization made its governing documents. conflict of interest policy. and financial statements available to the public during the tax year 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 Suite 142 DES MOINES IA 50321 515-720-5250 DAA Forrn 990(2o11) Form 990 (2o11)- AMERICAN FUTURE FUND Page 7 Part Vt!? Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors Check if Schedule 0 contains a response to any question in this Part VII I Section A. Officers, Directors, Trustees, Key Employees, and ?ghest Compensated Employees 1a Complete this table for all persons required to be listed Report compensation for the calendar year ending with or within the organization's tax year List all of the organization's current of?cers, directors, trustees (whether individuals or organizations), regardless of amount of compensation Enter -0- in columns (D), (E). and (F) if no compensation was paid. List all of the organization's current key employees, if any See instructions for definition of "key employee." List the organization's five current highest compensated employees (other than an of?cer, 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 organization and any related organizations . 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 following order. individual trustees or directors, institutional trustees, officers; key employees, highest compensated employees, and former such persons Check this box if neither the organization nor any related organizations compensated any current officer, director, or trustee (A) (3) (C) (D) (E) (F) Name and Title Average Position Reportable Reportable Estimated hours per (do not check more than one compensation compensation from amount of week box, unless person is both an from related other (describe of?cer and a directorltruslee) the organizations compensation hours for 5 5 to I organization (W-2.11099-MISC) from the related 3 9- g. El .2 gag organization organizations 3 E: 8; 3 3 and related in Schedule 1% organizations 0) 3 51(1) Sandy Greiner President 3 . 00 0 0 0 (2) Barbara Smeltzezr Treasurer 0 . 50 0 0 0 (3)A1lison Dorr Kleis Secretary 0 . 50 0 0 0 (4) Darrell Kearney Secretary 0 . 50 0 0 0 (5) (5) (7) (8) (9) (10) (11) (12) (13) (14) Form 990 (2011) DAA Form 990 (2011) AMERICAN FUTURE FUND 26- 0620554 Page 8 Part? Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued) (A) (B) (C) (D) (E) (F) Name and title Average Position Reportable Reportable Estimated hours per (do not check more than one compensation compensation from amount ol week box, unless person is both an from related other (describe of?cer and a directorltrusteel the organizations compensation hours for organization (W-211099-MISC) from the 0 7: I -11 related 33. 3 ,3 35 0 (W-211099-MISC) organization organizations 3 3 0! 63 2 and related .. 3 In in Schedule Ea ?:17 gig? organizations (15) (16) (17) (18) (19) (20) (21) (22) (23) (24) (25) 1b Sub-total Total from continuation sheets to Part VII, Section A Total (add lines 1b and 1c) 2 Total number of individuals (including but not limited to those listed above) who received more than $100,000 in reportable compensation from the organization 0 Yes No 3 Did the organization list any former of?cer, dsrector, or trustee, key employee, or highest compensated employee on line la?? If "Yes," complete Schedule for such individual 3 4 For any individual listed on line 1a, as the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,000?? If "Yes," complete Schedule for such individual 4 5 Did any person listed on line 1a receive or accrue compensation from any unrelated organization or individual for services rendered to the organization?? If "Yes," complete Schedule for such person 5 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 organization Report compensation for the calendar year ending with or within the organization's tax year A Name and address Descriplitin of services Comiierisation McKenna Associates 2321 North Kentucky Street Arlington VA 22205 Consulting 886,536 Mentzer Media 600 Fairmont Avenue Suite 306 Towson MD 21286 Media Services 417.631 Concordia Enterprises LLC 400 Locust St . Suite 330 Des Moines IA 50309 Consulting 395,000 2 DAA Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization Form (2011) Form 990 (2011)? AMERICAN FUTURE FUND Part Statement of Revenue 26-0620554 Page 9 (A) Total revenue (Bl Related or exempt function revenue (Cl Unrelated business revenue (Di Revenue excluded from tax under sections 512, 513, or 514 1a Federated campaigns 1a Membership dues 1b Fundraising events 1c Related organizations 1d Government grants (contributions) 1e All other contributions. gifts. grants, and similar amounts not included above Noncash contributions included in lines 1a-ll Total. Add lines 1a?1f Contributions, Gifts. Grants 3' (D 2.538.927 Busn Code 2a All other program service revenue Program service Revenue and Other Similar Amounts ID -41 D. 0' Total. Add lines 2a?2f 3 Investment income (including dividends. interest, and other similar amounts) lncome from investment of tax-exempt bond proceeds 5 Royatties 5 19.414 19,414 Real (ii) Personal 6a Gross rents Less? rental exps Rental inc or (loss) Net rental income or (loss) 7a Gross amount from (I) Securities (ii) Other sales of assets other than inventory Less cost or other basis 8: sales exps Gain or (loss) Net gain or (loss) 8a Gross income from fundraising events (not including of contributions reported on line 1c). See Part IV, line 18 a Less direct expenses Other Revenue Net income or(loss) from fundraisin events 9a Gross income from gaming activities See Part IV, line 19 a Less direct expenses Net income or (loss) from gaming activities 10a Gross sales of inventory, less returns and allowances a Less cost of goods sold Net income or (loss?m sales of inventory 5 Miscellaneous Revenue Busn. Code 1?la All other revenue Total. Add lines 11a-11d 12 Total revenue. See instructions 19.414 DAA Form 990 (2011) Form 990 (2o11)' AMERICAN FUTURE FUND 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 Pa?lX required to complete columns (B). (C), and (D) 26-0620554 Page 10 Check if Schedule 0 contains a response to any question in this Part IX FL Do not include amounts reported on lines 6b, 7b, 8b. 9gLand 10b of Part (A) Total expenses (3) Program service expenses (Cl Management and general expenses undraising expenses Grants and other assistance to governments and organizations In the U.S. See Part IV. line 21 Grants and other assistance to individuals in the See Part IV. line 22 Grants and other assistance to governments. organizations. and individuals outside the S. See Part IV, lines 15 and 16 Bene?ts paid to or for members Compensation of current of?cers. directors. trustees. and key employees Compensation not included above. to disquali?ed persons (as de?ned under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) Other salaries and wages Pension plan accruals and contributions (include section 401(k) and 403(1)) employer contributions) Other employee bene?ts Payroll taxes Fees for sennces (non?emp oyees) Management Legal Accounting Lobbying Professional fundraising services See Part IV. line 17 investment management fees Other Advertising and promotion Office expenses Information technology Royalties Occupancy Travel Payments of travel or entertainment expenses for any federal. state. or local public of?cials Conferences. conventions. and meetings interest Payments to affiliates Depreciation. depletion, and amortization Insurance Other expenses. itemize expenses not covered above (List miscellaneous expenses in line 24s It line 24a amount exceeds 10% of line 25. column (A) amount. list line 24a expenses on Schedule 0.) Telecommunications Production Writing Surveys Research Program Supplies Expens All other expenses Total functional expenses. Add lines 1 through 24e 1,015,700 1,015,700 71,792 67,824 3,174 794 702,672 499,387 27,884 175,401 135,000 135,000 1,914 763 1,151 25,000 25,000 30,000 22,500 3,750 3,750 22,641 22,641 9,025 9,025 933,534 933,534 467,607 467,607 168,350 168,350 24,682 24,682 29,545 15,977 13,568 3,637,462 3,407,990 49,527 179,945 Joint costs. Complete this line only if the organization reported in column (B) ]O nl costs from a combined educational campaign and fundraising solicitation. Check here it following SOP 98-2 (ASC 953-720) DAA Form 990 (2011) Form 990 (2011) AMERICAN FUTURE FUND 26- 0620554 Page 11 Part Balance Sheet (A) (B) Beginning of year End of year 1 Cash?non-interest bearing Savings and temporary cash investments 2 3 Pledges and grants receivable, net 3 4 Accounts receivable. net 4 5 Receivables from current and former officers. directors. trustees. key employees. and highest compensated employees Complete Part II of Schedule 5 6 Receivables from other disquali?ed persons (as de?ned under section 4958(f)(1)), persons described in section 4958(c)(3)(B). and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees? bene?ciary organizations (see instructions) 6 3 7 Notes and loans receivable. net 7 8 inventories for sale or use 8 9 Prepaid expenses and deferred charges 5 0 0 0 9 10a Land. buildings. and equipment cost or i other basis Complete Part VI of Schedule 10a Less accumulated depreciation 10b 10c 11 lnvestments?publicly traded securities 11 12 Investments?other securities See Part IV. line 11 12 13 Investments?program-related See Part IV. line 11 13 14 intangible assets 14 15 Other assets See Part IV. line 11 15 16 Total assets. Add lines 1 through 15 (must equal line 34Accounts payable and accrued expenses 17 18 Grants payable 18 19 Deferred revenue 19 20 Tax-exempt bond liabilities 20 21 Escrow or custodial account liability Complete Part IV of Schedule 21 3 22 Payables to current and former of?cers. directors. trustees. key employees. highest compensated employees, and disquali?ed persons :3 Complete Part ll of Schedule 22 23 Secured mortgages and notes payable to unrelated third parties 23 24 Unsecured notes and loans payable to unrelated third parties 24 25 Other liabilities (including federal income tax. payables to related third parties, and other liabilities not included on lines 17-24) Complete Part of Schedule 25 26 Total liabilities. Add lines 17 through 25 0 26 0 Organizations that follow SFAS 117, check here PIE and complete lines 27 through 29, and lines 33 and 34. 27 Unrestricted net assets Temporarily restricted net assets 28 29 Permanently restricted net assets 29 E. Organizations that do not follow SFAS 11?. check here DD and 3 complete lines 30 through 34. 3 30 Capital stock or trust principal. or current funds 30 2 31 Paid-in or capital surplus. or land. building. or equipment fund 31 32 Retained earnings. endowment. accumulated income. or other funds 32 33 Total net assets or fund balances Total liabilities and net assets/fund balances DAA Form 990 (2011) Form 990 (201 AMERI CAN FUTURE FUND Part XI Reconciliation of Net Assets Check if Schedule 0 contains a resigse to any question in this Part XI 26-0620554 Total revenue (must equal Part column (A), line 12) Total expenses (must equal Part IX, column (A), line 25) Revenue less expenses Subtract line 2 from line 1 Net assets or fund balances at beginning of year (must equal Part X, line 33, column Other changes in net assets or fund balances (explain in Schedule 0) Net assets or fund balances at end of year Combine lines 3, 4, and 5 (must equal Part X, line 33. column Page 12 l?L 2,558,341 3,637,462 ?1,079,121 2,687,576 1,608,455 Part XII Financial Statements and Reporting Check if Schedule 0 contains a response to any question in this Part XII SL 1 Accounting method used to prepare the Form 990 Cash Accrual Other If the organization changed its method of accounting from a prior year or checked "Other," explain in Schedule 0 2a Were the organization's financial statements compiled or reviewed by an independent accountant?? Were the organization's ?nancial statements audited by an independent accountant? If "Yes" to line 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, review, or compilation of its ?nancial statements and selection of an independent accountant?? If the organization changed either its oversight process or selection process during the tax year, explain in Schedule 0 If "Yes" to line 2a or 2b, check a box below to indicate whether the ?nancial statements for the year were issued on a separate basis, consolidated basis, or both Separate basis Consolidated basis El Both consolidated and separate basis 3a As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Single Audit Act and OMB Circular If "Yes," did the organization undergo the required audit or audits?? If the organization did not undergo the required audit or audits, explain why in Schedule 0 and describe any steps taken to undergo such audits Yes No 2a 2b 2cX 3a 3b DAA Form 990 (2011) (Form 990 or 990-EZ) Political Campaign and Lobbying Activities For Organizations Exempt From Income Tax Under section 501(c) and section 527 Department of the Treasury Internal Revenue Service Complete if the organization is described below. Attach to Form 990 or Form 990-EZ. See separate instructions. OMB No 1545-0047 Open to Public inspection If the organization answered "Yes" to Form 990, Part IV, line 3, or Form 990-EZ, Part V, line 46 (Political Campaign Activities), then 0 Section 501(c)(3) organizations Complete Parts l-A and Do not complete Part I-C 0 Section 501(c) (other than section 501(c)(3)) organizations Complete Parts I-A and below Do not complete Part l-B 0 Section 527 organizations Complete Part I-A only. If the organization answered ?Yes" to Form 990, Part IV, line 4, or Form 990-EZ, Part VI, line 47 (Lobbying Activities), then I Section 501(c)(3) organizations that have ?led Form 5768 (election under section 501(h)) Complete Part ll-A Do not complete Part ll-B. 0 Section 501(c)(3) organizations that have NOT ?led Form 5768 (election under section 501(h)) Complete Part ll-B Do not complete Part ll-A. If the organization answered ?Yes" to Form 990, Part IV, line 5 (Proxy Tax) or Form 990-E2, Part V, line 35c (Proxy Tax), then 0 Section 501(c)(4), (5), or (6) organizations. Complete Part Name of organization AMERICAN FUTURE FUND Part!-A Employer Identi?cation number Complete if the organization is exempt under section 501(c) or is a section 527 organization. 1 Provide a description of the organization?s direct and indirect political campaign activities in Part IV 2 Political expenditures 5 12 4 3 3 Volunteer hours 5 0 Par-tt?B Complete if the organization is exempt under section 501(c)(3). 1 Enter the amount of any excise tax incurred by the organization under section 4955 2 Enter the amount of any excise tax incurred by organization managers under section 4955 3 If the organization incurred a section 4955 tax, did it ?le Form 4720 for this year? 4a Was a correction made? If "Yes," describe in Part IV Parti?C activities 2 Enter the amount of the ?ling organization?s funds contributed to other organizations for section 527 exempt function activities 3 Total exempt function expenditures Add lines 1 and 2 Enter here and on Form 1120-POL, line 17b Did the ?ling organization file Form 1120-POL for this year?? 5 Enter the names, addresses and employer identi?cation number (EIN) of all section 52? political organizations to which the ?ling organization made payments For each organization listed, enter the amount paid from the ?ling organization's funds Also enter the amount of political contributions received that were and directly delivered to a separate political organization, such as a separate segregated fund or a political action committee (PAC) If additional space is needed. provide information in Part IV Complete if the organization is exempt under section 501(cl, except section 501(c)(3). 1 Enter the amount directly expended by the ?ling organization for section 527 exempt function >3 Yes No :?Yes No 12,430 12,430 ?Yes No Address (C) EIN Amount paid from ?ling organization's funds llnone, enter-0~ Amount of political contributions received and and directly delivered to a separate political organization If none. enter -0- (1) Marketing Disbursements 12 . 4 3 0 (2) (3) (4) (5) (5) For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ. DAA Schedule (Form 990 or 990-E2) 2011 Schedule (Form 990 or 990-E2) 2011 Part ll-A section 501(h)). AMERICAN FUTURE FUND Complete if the organization is exempt under section 501(c)(3) and filed Form 5768 (election under 26-0620554 Page 2 A Check if the filing organization belongs to an affiliated group (and list in Part IV each affiliated group member's name, address, EIN, expenses, and share of excess lobbying expenditures). Check if the filing organization checked box A and "limited control" provisions apply. Limits on Lobbying Expenditures (The term ?expenditures" means amounts paid or incurred.) Filing organization?s totals Affiliated group totals 1a Total lobbying expenditures to influence public opinion (grass roots lobbying) Total lobbying expenditures to influence a legislative body (direct lobbying) Total lobbying expenditures (add lines 1a and 1b) Other exempt purpose expenditures Total exempt purpose expenditures Lobbying nontaxable amount Enter the amount from the following table in both columns (add lines 1c and 1d) If the amount on line 1e, column or is: The lobbying nontaxable amount is Not over $500,000 20% of the amount on line 1e Over $500,000 but not over $1,000,000 $100,000 plus 15% of the excess over $500,000 Over $1,000,000 but not over $1,500,000 $175,000 plus 10% of the excess over $1,000,000 Over $1,500,000 but not over $17,000,000 $225,000 plus 5% of the excess over $1,500,000 Over $17,000,000 $1,000,000 Grassroots nontaxable amount (enter 25% of line 1f) Subtract line 1g from line 1a If zero or less, enter -0- Subtract line 1ffrom line 1c. lfzero or less, enter -0- If there is an amount other than zero on either line 1h or line 11. did the organization ?le Form 4720 reporting section 4911 tax for this year?? 4-Year Averaging Period Under Section 501(h) (Some organizations that made a section 501(h) election do not have to complete all of the five columns below. See the instructions for lines 2a through 2f on page 4.) Lobbying Expenditures DuringL4-Year Averagi_ng Period Calendar year (or fiscal year beginning in) 2008 2009 2010 (cl) 2011 Total 2a Lobbying nontaxable amount Lobbying ceiling amount (150% of line 2a, column(e)) Total lobbying expenditures Grassroots nontaxable amount Grassroots ceiling amount (150% of line 2d. column Grassroots lobbying expenditures DAA Schedule (Fonn 990 or 990-EZ) 2011 (Form 990'or 990-EZ) 2011 AMERI CAN FUTURE FUND Page 3 Partii-B? Complete if the organization is exempt under section 501(c)(3) and has NOT filed Form 5768 (election under section 501(h)). (3) For each "Yes" response to lines 1a through 1i below, provide in Part IV a detailed description of the lobbying activity. Yes No Amount 1 During the year, did the filing organization attempt to influence foreign, national, state or local legislation, including any attempt to in?uence public opinion on a legislative matter or referendum, through the use of? Volunteers?? Paid staff or management (include compensation in expenses reported on lines 1c through 1i)? Media advertisements?? Mailings to members. legislators, or the public? Publications, or published or broadcast statements?? Grants to other organizations for lobbying purposes?? Direct contact with legislators, their staffs, government officials, or a legislative body?? Rallies, demonstrations, seminars, conventions. speeches, lectures, or any similar means?? i Other activities?? Total Add lines 1c through 1i 2a Did the activities in line 1 cause the organization to be not described in section If "Yes," enter the amount of any tax incurred under section 4912 If "Yes," enter the amount of any tax incurred by organization managers under section 4912 If the ?ling organization incurred a section 4912 tax, did it ?le Form 4720 for this year?? Part llf-A Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501 Yes No 1 Were substantially all (90% or more) dues received nondeductible by members?? 1 2 Did the organization make only in-house lobbying expenditures of $2,000 or less? 2 3 Did the organization agree to carry over lobbying and political expenditures from the prior year?? 3 Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6) and if either BOTH Part Ill-A, lines 1 and 2, are answered ?No? OR if Part Ill-A, line 3, is answered ?Yes.? 1 Dues, assessments and similar amounts from members 1 2 Section 162(e) nondeductible lobbying and political expenditures (do not include amounts of political expenses for which the section 527(f) tax was paid). a Current year 2a Carryover from last year 2b Total 2c 3 Aggregate amount reported in section 6033(e)(1)(A) notices of nondeductible section 162(e) dues 3 If notices were sent and the amount on line 2c exceeds the amount on line 3, what portion of the excess does the organization agree to carryover to the reasonable estimate of nondeductible lobbying and political expenditure next year?? 4 5 Taxable amount of lobbying and political expenditures (see instructions) 5 Part Supplemental Information Complete this part to provide the descriptions required for Part l-A, line 1, Part I-B, line 4, Part I-C, line 5, Part ll-A; and Part ll-B, line 1 Also, complete this part for any additional information Schedule C, Part Line 1 The Organization engaged in certain disbursements reportable to the Federal Election Commission relative to a number of federal candidates. DAA Schedule (Form 990 or 990-EZ) 2011 990 or?990-EZ) 2011 AMERI CAN FUTURE FUND Page 4 Part IV Supplemental Information icontinued) Schedule (Form 990 or 990-E2) 2011 DAA SCHEDULE I3 Supplemental Financial Statements 1545-0047 (Form 990) Complete if the organization answered ?Yes," to Form 990, 1 Depa?mgnt of?-1eTr9a5ury Part IV, line 6, 7, 8, 9, 10. 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b. Internal Revenue semca Attach to Form 990. See separate instructions. inspec?m Nam? 0' ?he ?"Qanization Employer identi?cation number AMERICAN FUTURE FUND 26?0620554 Part I Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered ?Yes" to Form 990, Part IV, line 6. la) Donor advised funds lb) Funds and other accounts 1 Total number at end of year 2 Aggregate contributions to (during year) 3 Aggregate grants from (during year) 4 Aggregate value at end of year 5 Did the organization inform all donors and donor advisors in writing that the assets held in donor advised funds are the organization?s property, subject to the organization's exclusive legal control?? Yes No 6 Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be used only for charitable purposes and not for the bene?t of the donor or donor advisor, or for any other purpose conferring impermissible givate benefit?? Yes No Part ll Conservation Easements. Complete if the organization answered "Yes" to Form 990, Part IV, line 7 1 Purpose(s) of conservation easements held by the organization (check all that apply) Preservation of land for public use (e recreation or education) Preservation of an historically important land area Protection of natural habitat Preservation of a certified historic structure Preservation of open space 2 Complete lines 2a through 2d if the organization held a quali?ed conservation contribution in the form of a conservation easement on the last day of the tax year Held at the End of the Tax Year Total number of conservation easements 2a Total acreage restricted by conservation easements 2b Number of conservation easements on a certified historic structure included in 2c Number of conservation easements included in acquired after 8117/06, and not on a historic structure listed in the National Register 2d 3 Number of conservation easements modi?ed, transferred, released, extinguished, or terminated by the organization during the tax year Number of states where property subject to conservation easement is located 5 Does the organization have a written policy regarding the periodic monitoring. inspection, handling of violations, and enforcement of the conservation easements it holds?? El Yes No 6 Staff and volunteer hours devoted to monitoring, inspecting, and enforcing conservation easements during the year 7 Amount of expenses incurred in monitoring, inspecting, and enforcing conservation easements during the year 8 Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B) (I) and section Yes No 9 in Part XIV, describe how the organization reports conservation easements in its revenue and expense statement, and balance sheet, and include, if applicable, the text of the footnote to the organization's financial statements that describes the organization's accounting for conservation easements Part Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets. Complete if the organization answered ?Yes" to Form 990, Part IV, line 8. 1a if the organization elected, as permitted under SFAS 116 (ASC 958), not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide, in Part XIV, the text of the footnote to its ?nancial statements that describes these items If the organization elected, as permitted under SFAS 116 (ASC 958), to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items Revenues included in Form 990, Part line 1 (ii) Assets included in Form 990, Part 2 if the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the following amounts required to be reported under SFAS 116 (ASC 958) relating to these items a Revenues included in Form 990, Part line 1 Assets included in Form 990, Part For Papenivork Reduction Act Notice, see the Instructions for Form 990. Schedule (Form 990) 2011 DAA Schedule in (Form 2590) 2011 AMERICAN FUTURE FUND 2 6 0 62 0 554 Page 2 Part ill? Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets gntinued) 3 Using the organization's acquisition, accession. and other records, check any of the following that are a signi?cant use of its collection items (check all that apply): I Loan or exchange programs a Public exhibition Scholarly research I Other Preservation for future generations 4 Provide a description of the organization's collections and explain how they further the organization's exempt purpose in Part XIV 5 During the year, did the organization solicit or receive donations of art. historical treasures, or other similar assets to be sold to raise funds rather than to be maintained as part of the organization's collection? Yes No Part IV Escrow and Custodial Arrangements. Complete if the organization answered "Yes" to Form 990, Part IV, line 9, or reported an amount on Form 990, Part X, line 21. 1a is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not included on Form 990, Part Yes No If "Yes," explain the arrangement in Part XIV and complete the following table Amount Beginning balance Additions during the year Distributions during the year Ending balance 2a Did the organization include an amount on Form 990, Part X, line 217 If "Yes," explain the arrangement in Part XIV Part Endowment Funds. Complete if the organization answered ?Yes" to Form 990, Part IV, line 10 Current year Prior year Two years back Three years back Four years back 1a Beginning of year balance Contributions Permanent endowment} Temporarily restricted endowment 3a Net investment earnings, gains, and losses Grants or scholarships Other expenditures for facilities and programs Administrative expenses End of year balance Provide the estimated percentage of the current year end balance (line 1g. column held as Board designated or quasi-endowment The percentages in lines 2a, 2b, and 2c should equal 100% Are there endowment funds not in the possession of the organization that are held and administered for the organization by unrelated organizations (ii) related organizations if "Yes" to 3a(ii), are the related organizations listed as required on Schedule 4 Describe in Part XIV the intended uses of the organization's endowment funds Fart Vl Land, Buildings, and Equipment. See Form 990 Part X, line 10. Description of property Cost or other basis Cost or other basis Accumulated Book value (investment) (other) depreciation 1a Land Buildings Leasehold improvements Equipment Other Total. Add lines 1a through 1e (Column must equal Form 990, Part X, column (B), line 10(c)) DAA Schedule (Form 990) 2011 _SclEdu.le (Fori'n ego) 2011 AMERICAN FUTURE FUND Page 3 Part lnvestments?0ther Securities. See Form 990, Part X, line 12. Description of security or category Book value Method of valuation (including name of security) Cost or end?of-year market value (1) Financial derivatives (2) Closely-held equity interests (3) Other (A) (B) (C) (D) (E) (F) (G) (H) Total. (Column must equal Form 990. Part X. col (B) line 12) Part Investments-?Pro ram Related. See Form 990 Part line 13 Description of investment type Book value Method of valuation Cost or end-of-year market value 10 Total. Column must a Form 990 Part)( col line 13 Part IX Other Assets. See Form 990 Part line 15. Description lb) Book value 10 Total. Column must alForm 990 Part col line15 Partx Other Liabilities. See Form 990 Part line 25. 1_ Description of liability (bl Book value 1 Federal income taxes 10 11 Total. Column must ual Form 990 Part col line 25 2. FIN 48 (ASC 740) Footnote In Part XIV, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN T40) DAA Schedule (Form 990) 2011 Schedule? D?(Fori?h 9390) 2011 AMERICAN FUTURE FUND Page 4 XI Reconciliation of Change in Net Assets from Form 990 to Audited Financial Statements 1 Total revenue (Form 990. Part column (A), line 12) 1 2 558 341 Total expenses (Form 990. Part IX. column (A). line 25Excess or (de?cit) for the year. Subtract line 2 from line Net unrealized gains (losses) on investments Donated services and use of facilities Investment expenses Prior period adjustments Other (Describe in Part XIV) Total adjustments (net) Add lines 4 through 8 Excess or (deficit) for the year per audited ?nancial statements Combine lines Part Kit Reconciliation of Revenue per Audited Financial Statements with Revenue per Return 1 Total revenue. gains. and other support per audited financial statements Amounts included on line 1 but not on Form 990, Part line 12' Net unrealized gains on investments 2a Donated services and use of facilities 2b Recoveries of prior year grants 2c Other (Describe in Part XIV) 2d Add lines 2a through 2d 2e GQOUN Subtract line 2e from line Amounts included on Form 990, Part line 12. but not on line 1: a Investment expenses not included on Form 990, Part line 7b 4a Other (Describe in Part XIV) 4b Add lines 4a and 4b 4c 5 Total revenue Add lines 3 and 4c. (?This must equal Form 990, Part I, line 12 5 2 553 34 1 Part Xlli Reconciliation of Expenses per Audited Financial Statements Expenses per Return 1 Total expenses and losses per audited financial statements Amounts included on line 1 but not on Form 990, Part IX. line 25 Donated services and use of facilities 2a Prior year adjustments 2b Other losses 2c Other (Describe in Part XIV 2d Add lines 2a through 2d 29 1 Subtract line 2e from line (ii) 4 Amounts included on Form 990, Part IX. line 25, but not on line 1: a Investment expenses not included on Form 990. Part line 7b 4a Other (Describe in Part XIV 4b Add lines 4a and 4b 4c 5 Total expenses Add lines 3 and 4c. (This must equal Form 990, Part I. line 18Part XIV Supplemental Information Complete this part to provide the descriptions required for Part II. lines 3. 5. and 9, Part lines 1a and 4, Part IV. lines 1b and 2b. Part V, line 4. Part X, line 2, Part XI. line 8. Part XII. lines 2d and 4b, and Part lines 2d and 4b Also complete this part to provide any additional information Part XIV Supplemental Financial Information The Organization's financial statements are currently being audited by an independent accountant. However, the audit will not be complete by the due date for filing the Form 990. Upon receiving the audited financial statements, Page 4 of Schedule will be reviewed to determine if additional information needs to be provided to the Internal Revenue Service. Schedule (Form 990) 2011 DNA SchedLf eD(Form 5590) 2011 AMERICAN FUTURE FUND Part XIV Supplemental Information (continued) 26-0620554 Page 5 DAA Schedule (Form 990) 2011 .28. 6mm o_=u2_um 50% 05 mam uU< NA m_n_S 2: u2m__ 850 +0 .wnE_.E .32 EEM 239. 9: EmEEw>om Amxorom cozoom 3 59:5: :32 SEN 3. .3 oom.nm ?mama ?b mddw?b vmom wmsonunsoo vac m?onw 4HH2 6. momma mama xoonm venom mamm 3. 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EwEtmamo 3 53 _.cN oz ms_o .NN QC: tNn_ .Omm Cu umcoimcm or: mmumaw note: 9: can on oo:mum_wm< .550 _u:m Sam SE on ioumoao vnmommomm Eon. Sam S3 Ham nmdonnu on U?m munmhm um?u mdowumn?dmmuo u?mnw mo wan UGHHOUHGOE Mom mmud?muonm . GGHH .H unmm .co_.mE.oE_ 550 ocm .N tmn_ co:mE.oE_ mu_>oE :8 ma.m._QEoU _mEmEo_Qn_:m ?at . cm?o __mm_mEn_m zmmo?oc E?m ammo mEo_a_u2 mucn?mamm cmwo?o: .6 5 ?003 .mnE:z 3. moc?m?momam _mco:6um. H: _oBmo__a:u mm cmo tan. a .NN me: tma Ou n9m>>mcm ms: m..w_n_EoO .m3_Bm 9: Ou oo:Sm_mm< 350 ucm mucmhmu u.~Nn_ omma wm - mmpabm zmoHmm?_. 2 as 38 E8. 0.38.3 -I I SCHEDULE 0 (Form 990 or 990-EZ) Supplemental Information to Form 990 or 990-EZ Complete to provide information for responses to specific questions on Department at me Treasury Form 990 or 990-EZ or to provide any additional information. ape" in Puma Internal Revenue Service Attach to Form 990 or 990-EZ. n5pe?tign Name of the organization Employer identification number AMERICAN FUTURE FUND 26-0620554 Amended Return Explanation Contributions were inadvertently overstated by $50,000, due to a duplicated accounting entry. 1, line 8 page 9, line 1(f) - and Schedule Part I, This correction is indicated on Amended Form 990, page item 2. Form 990 Part X, Balance Sheet was adjusted to reflect this correction. Form 990, Part I, Line 6 Volunteers perform services that are related to the Organization's exempt purpose. activities. They are closely monitored by supervisors in their Form 990, Part VI, Line - Organization's Process to Review Form 990 The Form 990 is prepared by an independent certified public ac ant . During the preparation review of the return, the accountant consults with management and attorneys in regard to the information being provided on the Form 990. After an extensive preparation review process, the Form 990 is presented to the governing body for review. Form 990, Part VI, Line 12c Enforcement of Conflicts Policy The written conflict of interest policy is reviewed by officers and directors on an annual basis. Form 990, Part VI, Line 15a - Compensation Process for Top Official The organization does not compensate officers or directors. For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ. DAA Schedule 0 (Form 990 or 990-EZ) (2011) Schedtile 990 or 990-EZ) (201 3 Page 2 Name of {he organization Employer Idantl?catlon number AMERICAN FUTURE FUND 25-0520554 Form 990, Part VI, Line 15b - Compensation Process for Officers The organization does not compensate officers nor does it have employees. Form 990, Part VI, Line 19 - Governing Documents Disclosure Explanation Forms available for public inspection are made available upon request. Form 990, Part XII, Line 2c Change in Financial Review Process The organization's financial statements are currently being audited by an independent accountant. However, the audit will not be complete by the due date of filing the Form 990. The independent accountant preparing the Form 990 along with independent attorneys management assume responsibility for the oversight of the audit. Schedule 0 (Form 990 or 990-EZ) (2011) DAA