990 Return of Organization Exempt From Income Tax Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private foundations) I OMB No. 1545-0047 2?17 Do not enter social security numbers on this form as it may be made public. Department of the Treasury . . . . internal Revenue Service Go to for Instructions and the latest InformatIon. A For the 2017 calendar yeari or tax year beginning 1/27/2017 and endin 12/31/2017 Check 0 Name of organization America First Policies Inc. Employer identification number Address change D0109 as America First Policies Inc. I: Number and street (or PO. box if mail is not delivered to street address) Room/suite 81-5137380 Name change 1400 Drive 850 Telephone number Initial return City or town State ZIP code . 571 348-1801 1:1 I It ArIIngton VA 22202 Ina re um errnIna Foreign country name Foreign province/statelcounty Foreign postal code Amended return Gross receipts 22,167,500 Application pending Name and address of principal of?cer: Brian 0. Walsh 1400 Drive Suite 850, Arlington, VA 22202 Tax-exempt status: 501(c)(3). 501(c) 1 (insert no.) 4947(a)(1) or I: 527 H(a) Is this a group return for subordinates? H(b) Are all subordinates included? DYes No I: Yes No If attach a list. (see instructions) Website: H(c) Group exemption number i Form of organization: Corporation Trust Association Other I LYear of formation: 2017 I State of legal domicile: VA Summary 0 1 Briefly describe the organization's mission or most signi?cant activities: Ecliges pref} ?27991?! 999931909. first 2 Check this box DE) if the organization discontinued its operations or disposed of more than 25% of its net assets. 0 3 Number of voting members of the governing body (Part VI, line 3 3 4 Number of independent voting members of the governing body (Part VI, line 1b) 4 3 3% 5 Total number of individuals employed in calendar year 2017 (Part V, line 2a) . 5 9 3% 6 Total number of volunteers (estimate if necessary). 6 8 4: 7a Total unrelated business revenue from Part column (C) line 12 7a 0 Net unrelated business taxable Income from Form line 34. . . . 7b 0 Prior Year Current Year 0 8 Contributions and grants (Part line 1h) 0 22,167,500 9 Program service revenue (Part line 2g). 0 0 3 10 investment Income (Part column (A) lines 3, 4, and 7d). 0 0 a: 11 Other revenue (Part column (A), lines 5, 6d, Sc, 9c, 10c, and 11a). . . 0 0 12 Total revenue?add lines 8 through 11 (must equal Part column (A), line 12) . 0 22,167,500 13 Grants and similar amounts paid (Part IX, column (A), lines 1?3) . 0 0 14 Bene?ts paid to or for members (Part IX, column (A), line Salaries, other compensation, employee bene?ts (Part IX, column (A), lines 5?10) . 0 665, 500 2 16a Professional fundraising fees (Part IX, column (A), line 11a460 000 Total fundraising expenses (Part iX, column (D), line 25) 728L051 i l" 17 Other expenses (Part IX, column (A), lines 11a?11d,11f??24e) 0 13,103,295 18 Total expenses Add lines 13?17 (must equal Part IX, column (A), line 25). 0 14,228,795 19 Revenue less expenses Subtract line 18 from line 12. 0 7,938,705 5 Beginning of Current Year End of Year 20 Totai assets (Part x, line 16). 0 8,103,978 ?g 21 Total liabilities (PartX line 26). 0 165,273 2&3 22 Net assets or fund balances. Subtract line 21 from line 20.0 7,938,705 Signature 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 complete. Declaration of preparer (other than of?cer) is based on at! information of which preparer has any knowledge. Sign . 1111512018 Here SIngature of of?cer Date BrIan O. Walsh President Type or print name and title Print/Type preparer's name Preparer's signature Date PTIN Paid MP 7 [@1130 Chec" if Preparer Jonathan Proch, CPA 11/15/2018 self-employed P00298677 Use Only Firrn?s name Jonathan Proch LLC CPA Finn's 20-0762207 Firm's address 1 Research Ct, Ste 450, Rockvilie, MD 20850 Phone no. 301253-8686 May the IRS discuss this return with the preparer shown above? (see instructions) . For Paperwork Reduction Act Notice, see the separate instructions. HTA I: Yes No Form 990 (2017) .., ?is: Form 990 (2017) Part III Page 2 America First Policies Inc. 81-5137380 Statement of Program Service Accomplishments Check if Schedule O contains a response or note to any line in this Part III . . . . . . . . . . . . . X. . . . 1 Briefly describe the organization's mission: America First Policies is a non-profit organization supporting key policy initiatives that will work for all citizens in our country and put America first. 2 Did the organization undertake any significant program services during the year which were not listed on the prior Form 990 or 990-EZ? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Yes . . . X. .No. . . . If "Yes," describe these new services on Schedule O. Did the organization cease conducting, or make significant changes in how it conducts, any program services? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Yes . . . .X . No . . . . If "Yes," describe these changes on Schedule O. 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 are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported. 3 4 4a (Code: ) (Expenses $ 7,984,499 including grants of $ ) (Revenue $ America First Policies conducted extensive issue advocacy and grassroots mobilization, including television advertising, digital advocacy, paid telephone calls and public opinion surveys and grassroots advocacy to citizens throughout the United States advocating for, among other things, the repeal of the Affordable Care Act, support for the Tax Cuts and Jobs Act, immigration reform, and support for other center-right policies and legislation. ) 4b (Code: ) (Expenses $ including grants of $ ) (Revenue $ ) 4c (Code: ) (Expenses $ including grants of $ ) (Revenue $ ) 4d Other program services. (Describe in Schedule O.) (Expenses $ 0 including grants of $ Total program service expenses 7,984,499 4e 0 ) (Revenue $ 0 ) Form 990 (2017) Form 990 (2017) Part IV America First Policies Inc. 81-5137380 Page Yes 1 2 3 4 5 6 7 8 9 10 11 a b c d 3 Checklist of Required Schedules No Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If "Yes," complete Schedule A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .1 . . . . X. . . . Is the organization required to complete Schedule B, Schedule of Contributors (see instructions)? . . . . . . . . . . 2. . .X . . . . . . Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If "Yes," complete Schedule C, Part I . . . . . . . . . . . . . . . . . . . . . . . 3. . X. . . . . . 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. . . . . . . . . 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 III . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .5 . . . .X . . . . 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 . . . . X. . . . 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 . . . . X . . . . Did the organization maintain collections of works of art, historical treasures, or other similar assets? If "Yes," complete Schedule D, Part III . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 . . . . .X . . . . Did the organization report an amount in Part X, line 21, for escrow or custodial account liability, 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. . . . X . . . . . 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 V . . . . . . . . . 10. . . . X. . . . If the organization's answer to any of the following questions is "Yes," then complete Schedule D, Parts VI, VII, VIII, IX, or X as applicable. Did the organization report an amount for land, buildings, and equipment in Part X, line 10? If "Yes," complete Schedule D, Part VI. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .11a . . X. . . . . . 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 . . . . .X . . . . 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 VIII. . . . . . . . . . . . . . . .11c . . . . X . . . . . 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 . . . . . X. . . . Did the organization report an amount for other liabilities in Part X, line 25? If "Yes," complete Schedule D, Part X. . . . 11e . . . X. . . . . . e f Did the organization's separate or consolidated financial 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 X. . . . . . 11f . . . X. . . . . . 12a Did the organization obtain separate, independent audited financial statements for the tax year? If "Yes," complete Schedule D, Parts XI and XII. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12a . . .X . . . . . . b 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 and XII is optional . . . . . . 12b . . . . .X . . . . 13 Is the organization a school described in section 170(b)(1)(A)(ii)? If "Yes," complete Schedule E . . . . . . . . . . . 13. . . . X . . . . 14a Did the organization maintain an office, employees, or agents outside of the United States? . . . . . . . . . . . . 14a . . . . . X. . . . b 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? If "Yes," complete Schedule F, Parts I and IV . . . . . . . . . . . 14b . . . . .X. . . . 15 Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or other assistance to or for any foreign organization? If "Yes," complete Schedule F, Parts II and IV . . . . . . . . . . . . . . . . . . . 15 . . . . .X . . . . 16 Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or other assistance to or for foreign individuals? If "Yes," complete Schedule F, Parts III and IV . . . . . . . . . . . . . . . 16. . . . X. . . . 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 . . .X . . . . . . 18 Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines 1c and 8a? If "Yes," complete Schedule G, Part II . . . . . . . . . . . . . . . . . . . . . . . 18 . . . . . X. . . . 19 Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a? If "Yes," complete Schedule G, Part III . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .19. . . . X. . . . Form 990 (2017) Form 990 (2017) Part IV America First Policies Inc. 81-5137380 Page 4 Checklist of Required Schedules (continued) Yes No 20a Did the organization operate one or more hospital facilities? If "Yes," complete Schedule H . . . . . . . . . . . . .20a . . . . X . . . . b If "Yes" to line 20a, did the organization attach a copy of its audited financial statements to this return? . . . . . . . . 20b . . . . . . . . . 21 Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government on Part IX, column (A), line 1? If "Yes," complete Schedule I, Parts I and II . . . . . . . . . . .21. . . . X. . . . 22 Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals on Part IX, column (A), line 2? If "Yes," complete Schedule I, Parts I and III . . . . . . . . . . . . . . . . . . . . 22 . . . . . X. . . . 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 J . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 . . X . . . . . . . 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 K. If "No," go to line 25a . . . . . . . . . . . . . . . . . . . . . . .24a . . . . X . . . . b Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception? . . . . . . . . 24b . . . . . . . . . c 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 . . . . . . . . . d 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), 501(c)(4), and 501(c)(29) organizations. Did the organization engage in an excess benefit transaction with a disqualified person during the year? If "Yes," complete Schedule L, Part I . . . . . . . . . . . . 25a . . . . . X. . . . b Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ? If "Yes," complete Schedule L, Part I . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25b . . . . . X. . . . 26 Did the organization report any amount on Part X, line 5, 6, or 22 for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons? If "Yes," complete Schedule L, Part II . . . . . . . . . . . . . . . . . . . . . . . . . 26 . . . . . X. . . . 27 Did the organization provide a grant or other assistance to an officer, 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 III . . . . . . . . . . . . . . 27 . . . . .X . . . . 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): . . . . .X . . . . a A current or former officer, director, trustee, or key employee? If "Yes," complete Schedule L, Part IV . . . . . . . . . 28a b A family member of a current or former officer, director, trustee, or key employee? If "Yes," complete Schedule L, Part IV . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28b . . . . .X . . . . c An entity of which a current or former officer, 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 . . . . .X . . . . 29 Did the organization receive more than $25,000 in non-cash contributions? If "Yes," complete Schedule M . . . . . . . 29. . . . X. . . . 30 Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions? If "Yes," complete Schedule M . . . . . . . . . . . . . . . . . . . . . . . . . .30. . . . X. . . . 31 Did the organization liquidate, 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 II . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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, Part II, III, or IV, and Part V, line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .34. . X . . . . . . 35a Did the organization have a controlled entity within the meaning of section 512(b)(13)? . . . . . . . . . . . . . . 35a . . . . . X. . . . b If "Yes" to line 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 . . . . .X . . . . 38 Did the organization complete Schedule O and provide explanations in Schedule O for Part VI, lines 11b and 19? Note. All Form 990 filers are required to complete Schedule O. . . . . . . . . . . . . . . . . . . . . . . 38 . . .X . . . . . . Form 990 (2017) Form 990 (2017) Part V Page 5 America First Policies Inc. 81-5137380 Statements Regarding Other IRS Filings and Tax Compliance Check if Schedule O contains a response or note to any line in this Part V . . . . . . . . . . . . . . X. . . . Yes 1a b c 2a b 3a b 4a b 5a b c 6a b 7 a b c d e f g h 8 9 a b 10 a b 11 a b 12a b 13 a b c 14a b No Enter the number reported in Box 3 of Form 1096. Enter -0- if not applicable . . . . . . . . . . 1a. . . . . . .23. . . . . . . . . . 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 . . .X . . . . . . 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 . . . . 2a . . . . . . . 9. . . . . . . . . . If at least one is reported on line 2a, did the organization file all required federal employment tax returns? . . . . . . . 2b . . X. . . . . . Note. If the sum of lines 1a and 2a is greater than 250, you may be required to e-file. (see instructions) Did the organization have unrelated business gross income of $1,000 or more during the year? . . . . . . . . . . . 3a. . . . X . . . . If "Yes," has it filed a Form 990-T for this year? If "No" to line 3b, provide an explanation in Schedule O . . . . . . . .3b. . . . . . . . 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 financial account)? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4a. . . . X. . . . If "Yes," enter the name of the foreign country: See instructions for filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). Was the organization a party to a prohibited tax shelter transaction at any time during the tax year? . . . . . . . . . 5a . . . . .X . . . . Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction? . . . . . . 5b . . . . .X. . . . If "Yes" to line 5a or 5b, did the organization file Form 8886-T? . . . . . . . . . . . . . . . . . . . . . . . . 5c. . . . . . . . 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 as charitable contributions? . . . . . . . . . . . .6a. . X. . . . . . If "Yes," did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6b . . X . . . . . . . Organizations that may receive deductible contributions under section 170(c). 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? . . . . . . . . . . . . 7b . . . . . . . . . Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7c. . . . . . . . If "Yes," indicate the number of Forms 8282 filed during the year . . . . . . . . . . . . . . .7d. . . . . . . . . . . . . . . . . Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract? . . . . . 7e . . . . . . . . . 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? . . . 7g . . . . . . . . . If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C? . . 7h . . . . . . . . . Sponsoring organizations maintaining donor advised funds. Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year? . . . . . . . . . . . . . . . 8. . . . . . . . . Sponsoring organizations maintaining donor advised funds. Did the sponsoring organization make any taxable distributions under section 4966? . . . . . . . . . . . . . . . 9a . . . . . . . . . Did the sponsoring organization make a distribution to a donor, donor advisor, or related person? . . . . . . . . . . 9b . . . . . . . . . Section 501(c)(7) organizations. Enter: Initiation fees and capital contributions included on Part VIII, line 12 . . . . . . . . . . . . . 10a . . . . . . . . . . . . . . . . . Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities . . . . . .10b . . . . . . . . . . . . . . . . . Section 501(c)(12) organizations. Enter: 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 . . . . . . . . . . . . . . . . . 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 . . . . . . . . . . . . . . . . . . Section 501(c)(29) qualified nonprofit health insurance issuers. Is the organization licensed to issue qualified health plans in more than one state? . . . . . . . . . . . . . . . .13a . . . . . . . . . Note. See the instructions for additional information the organization must report on Schedule O. 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 . . . . . . . . . . . . . . . . . Did the organization receive any payments for indoor tanning services during the tax year? . . . . . . . . . . . . 14a . . . . . X. . . . If "Yes," has it filed a Form 720 to report these payments? If "No," provide an explanation in Schedule O . . . . . . . 14b . . . . . . . . . Form 990 (2017) Form 990 (2017) Part VI America First Policies Inc. 81-5137380 Page 6 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 O. See instructions. Check if Schedule O contains a response or note to any line in this Part VI . . . . . . . . . . . . . .X . . . . Section A. Governing Body and Management Yes 1a b 2 3 4 5 6 7a b 8 a b 9 No 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 O. Enter the number of voting members included in line 1a, above, who are independent . . . . . . 1b . . . . . . . 3 . . . . . . . . . . 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. . . . X. . . . 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 . . . . X. . . . Did the organization make any significant changes to its governing documents since the prior Form 990 was filed? . . . . . . . 4 . . . . X. . . . Did the organization become aware during the year of a significant diversion of the organization's assets? . . . . . . . 5. . . . X. . . . Did the organization have members or stockholders? . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 . . . . X. . . . 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 . . . . . X. . . . Are any governance decisions of the organization reserved to (or subject to approval by) members, stockholders, or persons other than the governing body? . . . . . . . . . . . . . . . . . . . . . . . . . . 7b . . . . .X . . . . Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following: The governing body? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8a . . .X . . . . . . Each committee with authority to act on behalf of the governing body? . . . . . . . . . . . . . . . . . . . . . 8b. . . . X. . . . 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 O . . . . . . . . . . .9 . . . . X. . . . Section B. Policies (This Section B requests information about policies not required by the Internal Revenue Code.) Yes No Did the organization have local chapters, branches, or affiliates? . . . . . . . . . . . . . . . . . . . . . . . 10a . . . . .X . . . . 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 . . . . X . . . . b Describe in Schedule O the process, if any, used by the organization to review this Form 990. 12a Did the organization have a written conflict of interest policy? If "No," go to line 13 . . . . . . . . . . . . . . . . 12a . . .X . . . . . . b Were officers, directors, or trustees, and key employees required to disclose annually interests that could give rise to conflicts? . .12b . . X. . . . . . c Did the organization regularly and consistently monitor and enforce compliance with the policy? If "Yes," describe in Schedule O how this was done . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .12c . . X. . . . . . 13 Did the organization have a written whistleblower policy? . . . . . . . . . . . . . . . . . . . . . . . . . . 13 . . . . .X . . . . 14 Did the organization have a written document retention and destruction policy? . . . . . . . . . . . . . . . . . 14 . . . . . X. . . . 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 . . . . . X. . . . b Other officers or key employees of the organization . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15b . . . . .X . . . . If "Yes" to line 15a or 15b, describe the process in Schedule O (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 . . . . X . . . . . b If "Yes," did the organization follow a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and take steps to safeguard the organization's exempt status with respect to such arrangements? . . . . . . . . . . . . . . . . . . . . . 16b . . . . . . . . . 10a b Section C. Disclosure 17 18 19 20 List the states with which a copy of this Form 990 is required to be filed AR, CT, FL, GA, KS, NC, NJ, PA, SC, UT, VA, WI 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 Other (explain in Schedule O) X Upon request Describe in Schedule O 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. State the name, address, and telephone number of the person who possesses the organization's books and records: Name: the organization Phone Number: (571) 348-1801 Physical Address: 1400 Crystal Dr Ste 850, Arlington, VA 22202 Form 990 (2017) Form 990 (2017) Part VII Section A. Page 7 America First Policies Inc. 81-5137380 Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors Check if Schedule O contains a response or note to any line in this Part VII . . . . . . . . . . . . . X. . . . . Officers, Directors, Trustees, Key Employees, and Highest 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 officers, 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 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 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 organization compensated any current officer, director, or trustee. (C) (A) Name and Title (1) Thomas O. Hicks, Jr. Director, Chairman (2) Roy W. Bailey Director (3) Harold Hamm Director (4) James Nicholas Ayers Director (5) Douglas Ammerman Director (6) Brian O. Walsh President (7) Jonathan T. Proch Secretary/Treasurer (8) (B) Average hours per week (list any hours for related organizations below dotted line) 1.00 1.00 1.00 1.00 1.00 0.00 1.00 1.00 1.00 0.00 26.10 3.10 21.40 2.40 Position (do not check more than one box, unless person is both an officer and a director/trustee) (D) Reportable compensation from the organization (W-2/1099-MISC) (E) Reportable compensation from related organizations (W-2/1099-MISC) (F) Estimated amount of other compensation from the organization and related organizations X X X X X X 142,708 17,292 1,777 X 82,339 7,364 5,869 (9) (10) (11) (12) (13) (14) Form 990 (2017) Form 990 (2017) Part VII America First Policies Inc. 81-5137380 Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued) (A) Name and title (B) Average hours per week (list any hours for related organizations below dotted line) (C) Position (do not check more than one box, unless person is both an officer and a director/trustee) (D) Reportable compensation from the organization (W-2/1099-MISC) (E) Reportable compensation from related organizations (W-2/1099-MISC) Page 8 (F) Estimated amount of other compensation from the organization and related organizations (15) (16) (17) (18) (19) (20) (21) (22) (23) (24) (25) 1b c d 2 3 4 Sub-total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .225,047 . . . . . . 24,656 . . . . . . . 7,646 . . . Total from continuation sheets to Part VII, Section A . . . . . . . . . . . . . . . . . . . 0. . . . . . .0 . . . . . . 0. Total (add lines 1b and 1c). . . . . . . . . . . . . . . . . . . . . . . . . . . 225,047 . . . . . . . 24,656 . . . . . . . 7,646 . . . Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organization 1 Yes No Did the organization list any former officer, director, or trustee, key employee, or highest compensated employee on line 1a? If "Yes," complete Schedule J for such individual . . . . . . . . . . . . . . . . . . . . . 3. . . . X. . . . . . . . . . . . For any individual listed on line 1a, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,000? If "Yes," complete Schedule J for such individual . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4. . .X . . . . . . 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 J for such person . . . . . . . . . . . . . . 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 organization. Report compensation for the calendar year ending with or within the organization's tax year. 5 (A) Name and business address (B) Description of services (C) Compensation NMRPP LLC 817 Slaters Ln Alexandria VA, MD 22314 media advocacy services Parscale Strategy LLC 2637 E Atlantic Blvd 42471 Pompano Beach, FL 33062 media advocacy services Smart Media Group LLC 1427 Leslie Ave 100 Alexandria, VA 22301 media advocacy services Insperity 19001 Crescent Springs Dr Kingwood, TX 77339 employee leasing services The Polling Company 2850 Eisenhower Ave Alexandria, VA 22314 polling services 2 Total number of independent contractors (including but not limited to those listed above) who received 18 more than $100,000 of compensation from the organization 4,946,725 2,799,428 1,229,990 673,288 661,988 Form 990 (2017) Form 990 (2017) Part VIII America First Policies Inc. 81-5137380 Page 9 Statement of Revenue Check if Schedule O contains a response or note to any line in this Part VIII. . . . . . . . . . . . . . . . . . . . . . . . (A) Total revenue 1a b c d e f g h (B) Related or exempt function revenue (C) Unrelated business revenue (D) Revenue excluded from tax under sections 512-514 Federated campaigns . . . . . . . . . . 1a. . . . . . . 0 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Membership dues . . . . . . . . . . . 1b . . . . . . . 0 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Fundraising events . . . . . . . . . . . 1c. . . . . . . 0. . . . . . . . . . . . . . . . . . . . . . . . . . . . . Related organizations . . . . . . . . . .1d. . . . . . . 0 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Government grants (contributions) . . . . . 1e. . . . . . . 0 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other contributions, gifts, grants, and similar amounts not included above . . . . 1f . . . 22,167,500 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Noncash contributions included in lines 1a-1f: $ 0 Total. Add lines 1a–1f . . . . . . . . . . . . . . . . . . . 22,167,500 . . . . . . . . . . . . . . . . . . . . . . . . . . . Business Code 2a b c d e f g 3 4 5 0 0 0 0 0 All other program service revenue . . . . . . . . . . . . . . . . . . .0 . . . . . . Total. Add lines 2a–2f . . . . . . . . . . . . . . . . . . . . . . . 0 . . . . . . . Investment income (including dividends, interest, and other similar amounts) . . . . . . . . . . . . . . . . . . . . . . . 0. . . . . . . Income from investment of tax-exempt bond proceeds . . . . . . . . . . .0 . . . . . . Royalties . . . . . . . . . . . . . . . . . . . . . . . . . . . . .0 . . . . . . (i) Real 6a b c d 7a b c d 8a b c 9a b c 10a b c . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (ii) Personal Gross rents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Less: rental expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Rental income or (loss) . . . . . . . . . . 0 . . . . . . 0. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net rental income or (loss) . . . . . . . . . . . . . . . . . . . . . .0 . . . . . . . . . . . . . . . . . . . . . . (i) Securities (ii) Other Gross amount from sales of assets other than inventory . . . . . . . . 0. . . . . . . 0 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Less: cost or other basis and sales expenses . . . . . . . . . . . 0. . . . . . .0 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Gain or (loss) . . . . . . . . . . . . . .0 . . . . . . 0. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net gain or (loss) . . . . . . . . . . . . . . . . . . . . . . . . . 0. . . . . . . . . . . . . . . . . . . . . . . Gross income from fundraising events (not including $ 0 of contributions reported on line 1c). See Part IV, line 18 . . . . . . . . . . . a. . . . . . . 0 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Less: direct expenses . . . . . . . . . . b. . . . . . . 0 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net income or (loss) from fundraising events . . . . . . . . . . . . . . .0 . . . . . . . . . . . . . . . . . . . . . . Gross income from gaming activities. See Part IV, line 19. . . . . . . . . . . a. . . . . . . 0. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Less: direct expenses . . . . . . . . . . b. . . . . . . 0 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net income or (loss) from gaming activities . . . . . . . . . . . . . . . 0. . . . . . . . . . . . . . . . . . . . . . . Gross sales of inventory, less returns and allowances . . . . . . . . . a . . . . . . . 0. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Less: cost of goods sold . . . . . . . . . b. . . . . . . 0 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net income or (loss) from sales of inventory . . . . . . . . . . . . . . . 0 . . . . . . . . . . . . . . . . . . . . . . . Miscellaneous Revenue Business Code 11a 0 b 0 c 0 d All other revenue . . . . . . . . . . . . . . . . . . . . . . . . . 0. . . . . . . . . . . . . . . . . . . . . . . e Total. Add lines 11a–11d . . . . . . . . . . . . . . . . . . . . . . 0. . . . . . . . . . . . . . . . . . . . . . . 12 Total revenue. See instructions. . . . . . . . . . . . . . . . 22,167,500 . . . . . . . . . . . 0 . . . . . . 0. . . . . . .0 . . . Form 990 (2017) Form 990 (2017) Part IX America First Policies Inc. 81-5137380 Page 10 Statement of Functional Expenses Section 501(c)(3) and 501(c)(4) organizations must complete all columns. All other organizations must complete column (A). Check if Schedule O contains a response or note to any line in this Part IX . . . . . . . . . . . . . . . . . . . X. . . . . Do not include amounts reported on lines 6b, 7b, 8b, 9b, and 10b of Part VIII. 1 2 3 4 5 6 7 8 9 10 11 a b c d e f g 12 13 14 15 16 17 18 19 20 21 22 23 24 a b c d e 25 26 (A) Total expenses (B) Program service expenses (C) Management and general expenses (D) Fundraising expenses Grants and other assistance to domestic organizations domestic governments. See Part IV, line 21 . . . . . . . . . . . . . 0. . . . . . . . . . . . . . . . . . . . . . . . . . . Grants and other assistance to domestic individuals. See Part IV, line 22 . . . . . . . . . . . . . . . . . . 0. . . . . . . . . . . . . . . . . . . . . . . . . . . Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16 . . . . . . . . . . . . . . .0 . . . . . . . . . . . . . . . . . . . . . . . . . . Benefits paid to or for members . . . . . . . . . . . . . . . . . . 0. . . . . . . . . . . . . . . . . . . . . . . . . . . Compensation of current officers, directors, trustees, and key employees . . . . . . . . . . . . . . . . 275,635 . . . . . . . . 113,022 . . . . . . . . 128,123 . . . . . . . . 34,490 . . . . . . Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) . . . . . . . . . . . . . .0 . . . . . . . . . . . . . . . . . . . . . . . . . . Other salaries and wages . . . . . . . . . . . . . . . . . .389,865 . . . . . . . 160,503 . . . . . . . . 172,337 . . . . . . . . 57,025 . . . . . . Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) . . . . . . . . . . .0 . . . . . . . . . . . . . . . . . . . . . . . . . . Other employee benefits . . . . . . . . . . . . . . . . . . . . .0 . . . . . . . . . . . . . . . . . . . . . . . . . . Payroll taxes . . . . . . . . . . . . . . . . . . . . . . . . . 0. . . . . . . . . . . . . . . . . . . . . . . . . . . Fees for services (non-employees): Management . . . . . . . . . . . . . . . . . . . . . . . . . 0. . . . . . . . . . . . . . . . . . . . . . . . . . . Legal . . . . . . . . . . . . . . . . . . . . . . . . . .743,878 . . . . . . . 305,739 . . . . . . . . 335,846 . . . . . . . . 102,293 . . . . . . Accounting . . . . . . . . . . . . . . . . . . . . . . . . 60,737 . . . . . . . . . . . . . . . 60,737 . . . . . . . . . . . . . . Lobbying . . . . . . . . . . . . . . . . . . . . . . . 7,474,894 . . . . . . . . 7,474,894 . . . . . . . . . . . . . . . . . . . . . . . Professional fundraising services. See Part IV, line 17 . . . . . . . . 460,000 . . . . . . . . . . . . . . . . . . . . . . . 460,000 . . . . . . Investment management fees . . . . . . . . . . . . . . . . . . .0 . . . . . . . . . . . . . . . . . . . . . . . . . . Other. (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O.) 4,192,932 4,192,932 0 Advertising and promotion . . . . . . . . . . . . . . . . . . . . 0. . . . . . . . . . . . . . . . . . . . . . . . . . . Office expenses . . . . . . . . . . . . . . . . . . . . . . 28,903 . . . . . . . . 6,593 . . . . . . . 20,295 . . . . . . . . .2,015 . . . . . Information technology . . . . . . . . . . . . . . . . . . . 46,674 . . . . . . . . 3,066 . . . . . . . .42,582 . . . . . . . . 1,026 . . . . . Royalties . . . . . . . . . . . . . . . . . . . . . . . . . . . 0 . . . . . . . . . . . . . . . . . . . . . . . . . . . Occupancy . . . . . . . . . . . . . . . . . . . . . . . . 97,652 . . . . . . . .40,135 . . . . . . . 44,088 . . . . . . . . 13,429 . . . . . . Travel . . . . . . . . . . . . . . . . . . . . . . . . . . 39,135 . . . . . . . .15,006 . . . . . . . 15,153 . . . . . . . . .8,976 . . . . . Payments of travel or entertainment expenses for any federal, state, or local public officials . . . . . . . . . . . . . 0. . . . . . . . . . . . . . . . . . . . . . . . . . . Conferences, conventions, and meetings . . . . . . . . . . . . 48,456 . . . . . . . . . 470 . . . . . . . .517 . . . . . . 47,469 . . . . . . Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . .0 . . . . . . . . . . . . . . . . . . . . . . . . . . Payments to affiliates . . . . . . . . . . . . . . . . . . . . . . 0. . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization . . . . . . . . . . . . 9,730 . . . . . . . . 3,999 . . . . . . . . 4,393 . . . . . . . .1,338 . . . . . Insurance . . . . . . . . . . . . . . . . . . . . . . . . 50,364 . . . . . . . . . . . . . . . . 50,364 . . . . . . . . . . . . . Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.) Various state fees and taxes 309,940 309,940 0 0 0 All other expenses 0 Total functional expenses. Add lines 1 through 24e . . . . . .14,228,795 . . . . . . . 12,316,359 . . . . . . . . .1,184,375 . . . . . . . . 728,061 . . . . . . Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and if fundraising solicitation. Check here following SOP 98-2 (ASC 958-720) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Form 990 (2017) Form 990 (2017) Part X America First Policies Inc. 81-5137380 Page 11 Balance Sheet Check if Schedule O contains a response or note to any line in this Part X . . . . . . . . . . . . . . . . . . . . . . . . . (A) Beginning of year 1 2 3 4 5 6 7 8 9 10a b 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 Cash—non-interest-bearing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0 . .1 . . . . . . 7,472,604 . . . . . . . Savings and temporary cash investments . . . . . . . . . . . . . . . . . . . . . . . 0. . 2. . . . . . . . . . . . . . Pledges and grants receivable, net . . . . . . . . . . . . . . . . . . . . . . . . . . 0. .3 . . . . . . . . . . 0. . . . Accounts receivable, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0. . 4 . . . . . . . . . . 0. . . . Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of Schedule L . . . . . . . . . . . . . . . . . . . . . . . . . . . .0 . 5. . . . . . . . . . . . . . Loans and other receivables from other disqualified persons (as defined 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' beneficiary organizations (see instructions). Complete Part II of Schedule L. . . . . . . . . . . . . . . . . . . .0 . 6. . . . . . . . . . . . . . Notes and loans receivable, net . . . . . . . . . . . . . . . . . . . . . . . . . . . 0. . 7. . . . . . . . . . 0 . . . . Inventories for sale or use . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .0 . 8. . . . . . . . . . . . . . Prepaid expenses and deferred charges . . . . . . . . . . . . . . . . . . . . . . . . 0 . .9 . . . . . . . 568,247 . . . . . . Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D 10a 72,857 Less: accumulated depreciation . . . . . . . 10b . . . . . . . . . 9,730 . . . . . . . . . . . 0. 10c . . . . . . . . . 63,127 . . . . . . Investments—publicly traded securities . . . . . . . . . . . . . . . . . . . . . . . . 0. .11. . . . . . . . . . 0. . . . Investments—other securities. See Part IV, line 11 . . . . . . . . . . . . . . . . . . . .0 . 12 . . . . . . . . . . . 0. . . Investments—program-related. See Part IV, line 11 . . . . . . . . . . . . . . . . . . . 0. . 13. . . . . . . . . . .0 . . . Intangible assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0. .14. . . . . . . . . . 0. . . . Other assets. See Part IV, line 11 . . . . . . . . . . . . . . . . . . . . . . . . . . .0 . 15 . . . . . . . . . . .0 . . . Total assets. Add lines 1 through 15 (must equal line 34) . . . . . . . . . . . . . . . . . 0 . 16 . . . . . . . .8,103,978 . . . . . . Accounts payable and accrued expenses . . . . . . . . . . . . . . . . . . . . . . . 0. . 17. . . . . . . . 132,625 . . . . . . Grants payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .0 . 18 . . . . . . . . . . . . . . Deferred revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0 . 19 . . . . . . . . . . . . . . Tax-exempt bond liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0. .20. . . . . . . . . . . . . . Escrow or custodial account liability. Complete Part IV of Schedule D . . . . . . . . . . . . 0. . 21. . . . . . . . . . . . . . Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons. Complete Part II of Schedule L . . . . . . . . . . . . . . . . . . . 0. .22. . . . . . . . . . . . . . Secured mortgages and notes payable to unrelated third parties . . . . . . . . . . . . . . 0. . 23. . . . . . . . . . .0 . . . Unsecured notes and loans payable to unrelated third parties . . . . . . . . . . . . . . . .0 . 24 . . . . . . . . . . .0 . . . Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24). Complete Part X of Schedule D . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0 . . 25 . . . . . . . . 32,648 . . . . . . Total liabilities. Add lines 17 through 25 . . . . . . . . . . . . . . . . . . . . . . . .0 . 26 . . . . . . . . 165,273 . . . . . . Organizations that follow SFAS 117 (ASC 958), check here complete lines 27 through 29, and lines 33 and 34. 27 28 29 30 31 32 33 34 (B) End of year X and Unrestricted net assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .0 . 27 . . . . . . . 7,938,705 . . . . . . . Temporarily restricted net assets . . . . . . . . . . . . . . . . . . . . . . . . . . . 0 . 28 . . . . . . . . . . . . . . Permanently restricted net assets . . . . . . . . . . . . . . . . . . . . . . . . . . 0 . . 29 . . . . . . . . . . . . . . Organizations that do not follow SFAS 117 (ASC958), check here complete lines 30 through 34. and Capital stock or trust principal, 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 . . . . . . . . . . . . . . . Total liabilities and net assets/fund balances . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0. 0. .0 .0 0. .30. . 31. . 32 . . 33 . .34. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,938,705 . . . . . . 8,103,978 . . . . . Form 990 (2017) . . . . . . . . . . America First Policies Inc. 81-5137380 Page 12 Reconciliation of Net Assets Check if Schedule O contains a response or note to any line in this Part XI . . . . . . . . . . . . . . . . . . Form 990 (2017) Part XI 1 2 3 4 5 6 7 8 9 10 Total revenue (must equal Part VIII, column (A), line 12) . . . . . . . . . . . . . . . . . . . . . . 1 . . . . . .22,167,500 . . . . . . . Total expenses (must equal Part IX, column (A), line 25) . . . . . . . . . . . . . . . . . . . . . . 2 . . . . . 14,228,795 . . . . . . . . Revenue less expenses. Subtract line 2 from line 1 . . . . . . . . . . . . . . . . . . . . . . . . 3 . . . . . . 7,938,705 . . . . . . . Net assets or fund balances at beginning of year (must equal Part X, line 33, column (A)) . . . . . . . . . 4 . . . . . . . . . 0. . . . Net unrealized gains (losses) on investments . . . . . . . . . . . . . . . . . . . . . . . . . . 5. . . . . . . . . . . . . Donated services and use of facilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6. . . . . . . . . . . . . Investment expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .7 . . . . . . . . . . . . . Prior period adjustments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 . . . . . . . . . . . . . Other changes in net assets or fund balances (explain in Schedule O) . . . . . . . . . . . . . . . . 9 . . . . . . . . . . . . . Net assets or fund balances at end of year. Combine lines 3 through 9 (must equal Part X, line 33, column (B)) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 . . . . . . .7,938,705 . . . . . . . Part XII Financial Statements and Reporting Check if Schedule O contains a response or note to any line in this Part XII . . . . . . . . . . . . . . . . . . Yes 1 2a X Accrual Accounting method used to prepare the Form 990: Cash Other If the organization changed its method of accounting from a prior year or checked "Other," explain in Schedule O. Were the organization's financial statements compiled or reviewed by an independent accountant? . . . . . . . . . 2a . . . . . X. . . . If "Yes," check a box below to indicate whether the financial statements for the year were compiled or reviewed on a separate basis, consolidated basis, or both: Separate basis b 3a b Consolidated basis Both consolidated and separate basis Were the organization's financial statements audited by an independent accountant? . . . . . . . . . . . . . . . 2b . . X. . . . . . . If "Yes," check a box below to indicate whether the financial statements for the year were audited on a separate basis, consolidated basis, or both: X Separate basis c No Consolidated basis Both consolidated and separate basis 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 financial statements and selection of an independent accountant? . . . . . . . 2c . . . . . X. . . . If the organization changed either its oversight process or selection process during the tax year, explain in Schedule O. 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 A-133? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3a . . . . .X . . . . 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 O and describe any steps taken to undergo such audits . . . . . . . 3b . . . . . . . . . Form 990 (2017) Schedule B Schedule of Contributors (Form 990, 990-EZ, or 990-PF) OMB No. 1545-0047 Attach to Form 990, Form 990-EZ, or Form 990-PF. Department of the Treasury Internal Revenue Service Go to www.irs.gov/Form990 for the latest information. Name of the organization Employer identification number America First Policies Inc. Organization type (check one): 81-5137380 Filers of: Section: Form 990 or 990-EZ X 501(c)( 4 ) (enter number) organization 4947(a)(1) nonexempt charitable trust not treated as a private foundation 527 political organization Form 990-PF 501(c)(3) exempt private foundation 4947(a)(1) nonexempt charitable trust treated as a private foundation 501(c)(3) taxable private foundation Check if your organization is covered by the General Rule or a Special Rule. Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions. General Rule X For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions. Special Rules For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 33 1/3 % support test of the regulations under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000; or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h; or (ii) Form 990-EZ, line 1. Complete Parts I and II. For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor, during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III. For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor, during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ . . . . . . . . . . . . . Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990, 990-EZ, or 990-PF), but it must answer "No" on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ or on its Form 990-PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990, 990-EZ, or 990-PF). For Paperwork Reduction Act Notice, see the instructions for Form 990, 990-EZ, or 990-PF. HTA Schedule B (Form 990, 990-EZ, or 990-PF) (2017) Page 2 Schedule B (Form 990, 990-EZ, or 990-PF) (2017) Name of organization Employer identification number America First Policies Inc. Part I (a) No. 81-5137380 Contributors (see instructions). Use duplicate copies of Part I if additional space is needed. (b) Name, address, and ZIP + 4 (c) Total contributions 1 (d) Type of contribution Person X Payroll $ 200,000 Foreign State or Province: Foreign Country: (a) No. Noncash (Complete Part II for noncash contributions.) (b) Name, address, and ZIP + 4 (c) Total contributions 2 (d) Type of contribution Person X Payroll $ 750,000 Foreign State or Province: Foreign Country: (a) No. Noncash (Complete Part II for noncash contributions.) (b) Name, address, and ZIP + 4 (c) Total contributions 3 (d) Type of contribution Person X Payroll $ 125,000 Foreign State or Province: Foreign Country: (a) No. Noncash (Complete Part II for noncash contributions.) (b) Name, address, and ZIP + 4 (c) Total contributions 4 (d) Type of contribution Person X Payroll $ 1,000,000 Foreign State or Province: Foreign Country: (a) No. Noncash (Complete Part II for noncash contributions.) (b) Name, address, and ZIP + 4 (c) Total contributions 5 (d) Type of contribution Person X Payroll $ 100,000 Foreign State or Province: Foreign Country: (a) No. Noncash (Complete Part II for noncash contributions.) (b) Name, address, and ZIP + 4 (c) Total contributions 6 (d) Type of contribution Person X Payroll $ Foreign State or Province: Foreign Country: 250,000 Noncash (Complete Part II for noncash contributions.) Schedule B (Form 990, 990-EZ, or 990-PF) (2017) Page 2 Schedule B (Form 990, 990-EZ, or 990-PF) (2017) Name of organization Employer identification number America First Policies Inc. Part I (a) No. 81-5137380 Contributors (see instructions). Use duplicate copies of Part I if additional space is needed. (b) Name, address, and ZIP + 4 (c) Total contributions 7 (d) Type of contribution Person X Payroll $ 500,000 Foreign State or Province: Foreign Country: (a) No. Noncash (Complete Part II for noncash contributions.) (b) Name, address, and ZIP + 4 (c) Total contributions 8 (d) Type of contribution Person X Payroll $ 25,000 Foreign State or Province: Foreign Country: (a) No. Noncash (Complete Part II for noncash contributions.) (b) Name, address, and ZIP + 4 (c) Total contributions 9 (d) Type of contribution Person X Payroll $ 1,000,000 Foreign State or Province: Foreign Country: (a) No. Noncash (Complete Part II for noncash contributions.) (b) Name, address, and ZIP + 4 (c) Total contributions 10 (d) Type of contribution Person X Payroll $ 500,000 Foreign State or Province: Foreign Country: (a) No. Noncash (Complete Part II for noncash contributions.) (b) Name, address, and ZIP + 4 (c) Total contributions 11 (d) Type of contribution Person X Payroll $ 50,000 Foreign State or Province: Foreign Country: (a) No. Noncash (Complete Part II for noncash contributions.) (b) Name, address, and ZIP + 4 (c) Total contributions 12 (d) Type of contribution Person X Payroll $ Foreign State or Province: Foreign Country: 5,000,000 Noncash (Complete Part II for noncash contributions.) Schedule B (Form 990, 990-EZ, or 990-PF) (2017) Page 2 Schedule B (Form 990, 990-EZ, or 990-PF) (2017) Name of organization Employer identification number America First Policies Inc. Part I (a) No. 81-5137380 Contributors (see instructions). Use duplicate copies of Part I if additional space is needed. (b) Name, address, and ZIP + 4 (c) Total contributions 13 (d) Type of contribution Person X Payroll $ 50,000 Foreign State or Province: Foreign Country: (a) No. Noncash (Complete Part II for noncash contributions.) (b) Name, address, and ZIP + 4 (c) Total contributions 14 (d) Type of contribution Person X Payroll $ 100,000 Foreign State or Province: Foreign Country: (a) No. Noncash (Complete Part II for noncash contributions.) (b) Name, address, and ZIP + 4 (c) Total contributions 15 (d) Type of contribution Person X Payroll $ 250,000 Foreign State or Province: Foreign Country: (a) No. Noncash (Complete Part II for noncash contributions.) (b) Name, address, and ZIP + 4 (c) Total contributions 16 (d) Type of contribution Person X Payroll $ 375,000 Foreign State or Province: Foreign Country: (a) No. Noncash (Complete Part II for noncash contributions.) (b) Name, address, and ZIP + 4 (c) Total contributions 17 (d) Type of contribution Person X Payroll $ 375,000 Foreign State or Province: Foreign Country: (a) No. Noncash (Complete Part II for noncash contributions.) (b) Name, address, and ZIP + 4 (c) Total contributions 18 (d) Type of contribution Person X Payroll $ Foreign State or Province: Foreign Country: 2,500,000 Noncash (Complete Part II for noncash contributions.) Schedule B (Form 990, 990-EZ, or 990-PF) (2017) Page 2 Schedule B (Form 990, 990-EZ, or 990-PF) (2017) Name of organization Employer identification number America First Policies Inc. Part I (a) No. 81-5137380 Contributors (see instructions). Use duplicate copies of Part I if additional space is needed. (b) Name, address, and ZIP + 4 (c) Total contributions 19 (d) Type of contribution Person X Payroll $ 50,000 Foreign State or Province: Foreign Country: (a) No. Noncash (Complete Part II for noncash contributions.) (b) Name, address, and ZIP + 4 (c) Total contributions 20 (d) Type of contribution Person X Payroll $ 1,000,000 Foreign State or Province: Foreign Country: (a) No. Noncash (Complete Part II for noncash contributions.) (b) Name, address, and ZIP + 4 (c) Total contributions 21 (d) Type of contribution Person X Payroll $ 5,000 Foreign State or Province: Foreign Country: (a) No. Noncash (Complete Part II for noncash contributions.) (b) Name, address, and ZIP + 4 (c) Total contributions 22 (d) Type of contribution Person X Payroll $ 250,000 Foreign State or Province: Foreign Country: (a) No. Noncash (Complete Part II for noncash contributions.) (b) Name, address, and ZIP + 4 (c) Total contributions 23 (d) Type of contribution Person X Payroll $ 4,500,000 Foreign State or Province: Foreign Country: (a) No. Noncash (Complete Part II for noncash contributions.) (b) Name, address, and ZIP + 4 (c) Total contributions 24 (d) Type of contribution Person X Payroll $ Foreign State or Province: Foreign Country: 1,500,000 Noncash (Complete Part II for noncash contributions.) Schedule B (Form 990, 990-EZ, or 990-PF) (2017) Page 2 Schedule B (Form 990, 990-EZ, or 990-PF) (2017) Name of organization Employer identification number America First Policies Inc. Part I (a) No. 81-5137380 Contributors (see instructions). Use duplicate copies of Part I if additional space is needed. (b) Name, address, and ZIP + 4 (c) Total contributions 25 (d) Type of contribution Person X Payroll $ 250,000 Foreign State or Province: Foreign Country: (a) No. Noncash (Complete Part II for noncash contributions.) (b) Name, address, and ZIP + 4 (c) Total contributions 26 (d) Type of contribution Person X Payroll $ 50,000 Foreign State or Province: Foreign Country: (a) No. Noncash (Complete Part II for noncash contributions.) (b) Name, address, and ZIP + 4 (c) Total contributions 27 (d) Type of contribution Person X Payroll $ 10,000 Foreign State or Province: Foreign Country: (a) No. Noncash (Complete Part II for noncash contributions.) (b) Name, address, and ZIP + 4 (c) Total contributions 28 (d) Type of contribution Person X Payroll $ 1,000,000 Foreign State or Province: Foreign Country: (a) No. Noncash (Complete Part II for noncash contributions.) (b) Name, address, and ZIP + 4 (c) Total contributions 29 (d) Type of contribution Person X Payroll $ 50,000 Foreign State or Province: Foreign Country: (a) No. Noncash (Complete Part II for noncash contributions.) (b) Name, address, and ZIP + 4 (c) Total contributions 30 (d) Type of contribution Person X Payroll $ Foreign State or Province: Foreign Country: 100,000 Noncash (Complete Part II for noncash contributions.) Schedule B (Form 990, 990-EZ, or 990-PF) (2017) Page 2 Schedule B (Form 990, 990-EZ, or 990-PF) (2017) Name of organization Employer identification number America First Policies Inc. Part I (a) No. 81-5137380 Contributors (see instructions). Use duplicate copies of Part I if additional space is needed. (b) Name, address, and ZIP + 4 (c) Total contributions 31 (d) Type of contribution Person X Payroll $ 100,000 Foreign State or Province: Foreign Country: (a) No. Noncash (Complete Part II for noncash contributions.) (b) Name, address, and ZIP + 4 (c) Total contributions 32 (d) Type of contribution Person X Payroll $ 100,000 Foreign State or Province: Foreign Country: (a) No. Noncash (Complete Part II for noncash contributions.) (b) Name, address, and ZIP + 4 (c) Total contributions 33 (d) Type of contribution Person X Payroll $ 50,000 Foreign State or Province: Foreign Country: (a) No. Noncash (Complete Part II for noncash contributions.) (b) Name, address, and ZIP + 4 (c) Total contributions (d) Type of contribution Person Payroll $ Noncash Foreign State or Province: Foreign Country: (a) No. (Complete Part II for noncash contributions.) (b) Name, address, and ZIP + 4 (c) Total contributions (d) Type of contribution Person Payroll $ Noncash Foreign State or Province: Foreign Country: (a) No. (Complete Part II for noncash contributions.) (b) Name, address, and ZIP + 4 (c) Total contributions (d) Type of contribution Person Payroll $ Foreign State or Province: Foreign Country: Noncash (Complete Part II for noncash contributions.) Schedule B (Form 990, 990-EZ, or 990-PF) (2017) Page 3 Schedule B (Form 990, 990-EZ, or 990-PF) (2017) Name of organization Employer identification number America First Policies Inc. Part II (a) No. from Part I 81-5137380 Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed. (c) FMV (or estimate) (b) Description of noncash property given (See instructions.) (d) Date received $ (a) No. from Part I (c) FMV (or estimate) (b) Description of noncash property given (See instructions.) (d) Date received $ (a) No. from Part I (c) FMV (or estimate) (b) Description of noncash property given (See instructions.) (d) Date received $ (a) No. from Part I (c) FMV (or estimate) (b) Description of noncash property given (See instructions.) (d) Date received $ (a) No. from Part I (c) FMV (or estimate) (b) Description of noncash property given (See instructions.) (d) Date received $ (a) No. from Part I (c) FMV (or estimate) (b) Description of noncash property given (See instructions.) (d) Date received $ Schedule B (Form 990, 990-EZ, or 990-PF) (2017) Page 4 Schedule B (Form 990, 990-EZ, or 990-PF) (2017) Name of organization Employer identification number America First Policies Inc. 81-5137380 Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or Part III (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $ Use duplicate copies of Part III if additional space is needed. (a) No. from Part I (b) Purpose of gift (c) Use of gift 0 (d) Description of how gift is held (e) Transfer of gift Relationship of transferor to transferee Transferee's name, address, and ZIP + 4 For. Prov. (a) No. from Part I Country (b) Purpose of gift (c) Use of gift (d) Description of how gift is held (e) Transfer of gift Relationship of transferor to transferee Transferee's name, address, and ZIP + 4 For. Prov. (a) No. from Part I Country (b) Purpose of gift (c) Use of gift (d) Description of how gift is held (e) Transfer of gift Relationship of transferor to transferee Transferee's name, address, and ZIP + 4 For. Prov. (a) No. from Part I Country (b) Purpose of gift (c) Use of gift (d) Description of how gift is held (e) Transfer of gift Transferee's name, address, and ZIP + 4 For. Prov. Relationship of transferor to transferee Country Schedule B (Form 990, 990-EZ, or 990-PF) (2017) SCHEDULE C Political Campaign and Lobbying Activities (Form 990 or 990-EZ) OMB No. 1545-0047 For Organizations Exempt From Income Tax Under section 501(c) and section 527 Open to Public Complete if the organization is described below. Attach to Form 990 or Form 990-EZ. Inspection Go to www.irs.gov/Form990 for instructions and the latest information. If the organization answered "Yes," on Form 990, Part IV, line 3, or Form 990-EZ, Part V, line 46 (Political Campaign Activities), then Department of the Treasury Internal Revenue Service Section 501(c)(3) organizations: Complete Parts I-A and B. Do not complete Part I-C. Section 501(c) (other than section 501(c)(3)) organizations: Complete Parts I-A and C below. Do not complete Part I-B. Section 527 organizations: Complete Part I-A only. If the organization answered "Yes," on Form 990, Part IV, line 4, or Form 990-EZ, Part VI, line 47 (Lobbying Activities), then Section 501(c)(3) organizations that have filed Form 5768 (election under section 501(h)): Complete Part II-A. Do not complete Part II-B. Section 501(c)(3) organizations that have NOT filed Form 5768 (election under section 501(h)): Complete Part II-B. Do not complete Part II-A. If the organization answered "Yes," on Form 990, Part IV, line 5 (Proxy Tax) (see separate instructions) or Form 990-EZ, Part V, line 35c (Proxy Tax) (see separate instructions), then Section 501(c)(4), (5), or (6) organizations: Complete Part III. Name of organization Employer identification number America First Policies Inc. Part I-A 1 2 3 Provide a description of the organization's direct and indirect political campaign activities in Part IV. (see instructions for definition of "political campaign activities") Political campaign activity expenditures (see instructions) . . . . . . . . . . . . . . . . . . . $. . . . . . . . 4,331,860 . . . . . . . . Volunteer hours for political campaign activities (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . .0 . . . Part I-B 1 2 3 4a 81-5137380 Complete if the organization is exempt under section 501(c) or is a section 527 organization. Complete if the organization is exempt under section 501(c)(3). Enter the amount of any excise tax incurred by the organization under section 4955 . . . . Enter the amount of any excise tax incurred by organization managers under section 4955 . If the organization incurred a section 4955 tax, did it file Form 4720 for this year? . . . . . Was a correction made? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $. . $. . . . . . . . . . . . . . . . . . . . . . . . . Yes . . .Yes . . . . . . . . . . . . . . . . No . . . No . . . . . . . . . . . . . . . b If "Yes," describe in Part IV. Part I-C 1 2 Complete if the organization is exempt under section 501(c), except section 501(c)(3). Enter the amount directly expended by the filing organization for section 527 exempt function activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$ . . . . . . . .4,288,528 . . . . . . . Enter the amount of the filing 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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $. . . . . . . . 4,288,528 . . . . . . . 4 5 Did the filing organization file Form 1120-POL for this year? . . . . . . . . . . . . . . . . . . . . . . . .Yes . . . X. No . . . . . . Enter the names, addresses and employer identification number (EIN) of all section 527 political organizations to which the filing organization made payments. For each organization listed, enter the amount paid from the filing organization's funds. Also enter the amount of political contributions received that were promptly 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. (a) Name (b) Address (c) EIN (d) Amount paid from filing organization's funds. If none, enter -0-. (e) Amount of political contributions received and promptly and directly delivered to a separate political organization. If none, enter -0-. (1) (2) (3) (4) (5) (6) For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ. HTA Schedule C (Form 990 or 990-EZ) 2017 America First Policies Inc. Schedule C (Form 990 or 990-EZ) 2017 Part II-A A Check B Check 81-5137380 Complete if the organization is exempt under section 501(c)(3) and filed Form 5768 (election under section 501(h)). 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). if the filing organization checked box A and "limited control" provisions apply. Limits on Lobbying Expenditures (The term "expenditures" means amounts paid or incurred.) 1a b c d e f 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 (add lines 1c and 1d) . . . . . . . . . . Lobbying nontaxable amount. Enter the amount from the following table in both columns. If the amount on line 1e, column (a) or (b) is: Not over $500,000 Over $500,000 but not over $1,000,000 Over $1,000,000 but not over $1,500,000 Over $1,500,000 but not over $17,000,000 Over $17,000,000 g h i j Page 2 The IRS will reject this return if Form 5768 is on file and Part II-A is not completed. (a) Filing organization's totals . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (b) Affiliated group totals . . . . 0. . . . 0. . . . . . . . . . . . . . . . . . . . . . . . . . . 0 . . . . . 0. 0. 0. .0 0. . . 0. . . . . . . . 0 . . . . . . 0. . . . . . . . 0 . . . . . . 0. . . . . . . . 0. . . . . . . . .Yes . . . No . . . . . . Lobbying Expenditures During 4-Year Averaging Period Lobbying nontaxable amount b Lobbying ceiling amount . (150% of line 2a, column(e)) c Total lobbying expenditures d Grassroots nontaxable amount e f (a) 2014 (b) 2015 (c) 2016 (d) 2017 (e) Total 0 0 0 0 0 0 0 Grassroots ceiling amount . (150% of line 2d, column (e)) Grassroots lobbying expenditures . . . . . 0 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 separate instructions for lines 2a through 2f.) 2a . . . . . The lobbying nontaxable amount is: 20% of the amount on line 1e. $100,000 plus 15% of the excess over $500,000. $175,000 plus 10% of the excess over $1,000,000. $225,000 plus 5% of the excess over $1,500,000. $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 1f from line 1c. If zero or less, enter -0- . . . . . . . . . . . . . . . . . . . . . . . If there is an amount other than zero on either line 1h or line 1i, did the organization file Form 4720 reporting section 4911 tax for this year? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Calendar year (or fiscal year beginning in) . . . . . 0 0 0 Schedule C (Form 990 or 990-EZ) 2017 America First Policies Inc. 81-5137380 Schedule C (Form 990 or 990-EZ) 2017 Part II-B For each "Yes," response on lines 1a through 1i below, provide in Part IV a detailed description of the lobbying activity. 1 a b c d e f g h i j 2a b c d Page 3 Complete if the organization is exempt under section 501(c)(3) and has NOT filed Form 5768 (election under section 501(h)). (a) Yes (b) No Amount During the year, did the filing organization attempt to influence foreign, national, state or local legislation, including any attempt to influence 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? . . . . . . . . . . . . . . . . . . . . . Other activities? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total. Add lines 1c through 1i . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0. . . . Did the activities in line 1 cause the organization to be not described in section 501(c)(3)? 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 filing organization incurred a section 4912 tax, did it file Form 4720 for this year? . . . . . . . . . . . . . . . . . . . . . . Part III-A Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6). Yes 1 2 3 Part III-B 1 2 a b c 3 4 5 No Were substantially all (90% or more) dues received nondeductible by members? . . . . . . . . . . . . . . . 1. . . . . . . . . . Did the organization make only in-house lobbying expenditures of $2,000 or less? . . . . . . . . . . . . . . . 2 . . . . . . . . . Did the organization agree to carry over lobbying and political campaign activity 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 (a) BOTH Part III-A, lines 1 and 2, are answered "No," OR (b) Part III-A, line 3, is answered "Yes." Dues, assessments and similar amounts from members . . . . . . . . . . . . . . . . . . . . . . 1. . . . . . . . . . . . Section 162(e) nondeductible lobbying and political expenditures (do not include amounts of political expenses for which the section 527(f) tax was paid). Current year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2a . . . . . . . . . . . . . Carryover from last year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2b . . . . . . . . . . . . . Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2c . . . . . . . . .0 . . . . 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 . . . . . . . . . . . . . Taxable amount of lobbying and political expenditures (see instructions) . . . . . . . . . . . . . . . .5 . . . . . . . . 0. . . . Part IV Supplemental Information Provide the descriptions required for Part I-A, line 1; Part I-B, line 4; Part I-C, line 5; Part II-A (affiliated group list); Part II-A, lines 1 and 2 (see instructions); and Part II-B, line 1. Also, complete this part for any additional information. Part I-A Line 1 America First Policies expended a portion of its funds on independent expenditures and advertising costs to support (or oppose) political candidates who agreed (or disagreed) with the organization’s policy initiatives. Schedule C (Form 990 or 990-EZ) 2017 America First Policies Inc. Schedule C (Form 990 or 990-EZ) 2017 Part IV 81-5137380 Page 4 Supplemental Information (continued) Schedule C (Form 990 or 990-EZ) 2017 SCHEDULE D (Form 990) Department of the Treasury Internal Revenue Service Complete if the organization answered "Yes" on Form 990, Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b. Attach to Form 990. Go to www.irs.gov/Form990 for instructions and the latest information. Name of the organization 81-5137380 Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" on Form 990, Part IV, line 6. (a) Donor advised funds 1 2 3 4 5 6 Conservation Easements. Complete if the organization answered "Yes" on Form 990, Part IV, line 7. Purpose(s) of conservation easements held by the organization (check all that apply). Preservation of land for public use (e.g., recreation or education) Preservation of a historically important land area Protection of natural habitat 2 a b c d 3 4 5 (b) Funds and other accounts Total number at end of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Aggregate value of contributions to (during year) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Aggregate value of grants from (during year) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Aggregate value at end of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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 . . . . . . 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 benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? . . . . . . . . . . . . . . . . . . . . . . . . . . . Yes . . . . No . . . . . . Part II 1 Open to Public Inspection Employer identification number America First Policies Inc. Part I OMB No. 1545-0047 Supplemental Financial Statements Preservation of a certified historic structure Preservation of open space Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation Held at the End of the Tax Year easement on the last day 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 (a) . . . . . . . 2c . . . . . . . . . . . . . . . . . Number of conservation easements included in (c) acquired after 7/25/06, and not on a historic structure listed in the National Register . . . . . . . . . . . . . . . . . . . . . 2d. . . . . . . . . . . . . . . . . Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during the tax year Number of states where property subject to conservation easement is located Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and enforcement of the conservation easements it holds? . . . . . . . . . . . . . . . . . . . . Yes . . . . No . . . . . 6 Staff and volunteer hours devoted to monitoring, inspecting, handling of violations, and enforcing conservation easements during the year 7 Amount of expenses incurred in monitoring, inspecting, handling of violations, and enforcing conservation easements during the year 8 9 $ Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Yes . . . . No . . . . . In Part XIII, 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 III Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets. Complete if the organization answered "Yes" on Form 990, Part IV, line 8. 1a b 2 a b 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 XIII, the text of the footnote to its financial 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: (i) Revenue included on Form 990, Part VIII, line 1 . . . . . . . . . . . . . . . . . . . . . . .$ . . . . . . . . . . . . . (ii) Assets included in Form 990, Part X . . . . . . . . . . . . . . . . . . . . . . . . . . . $. . . . . . . . . . . . . . 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: Revenue included on Form 990, Part VIII, line 1 . . . . . . . . . . . . . . . . . . . . . . . . $ . . . . . . . . . . . . . . Assets included in Form 990, Part X . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ . . . . . . . . . . . . . . For Paperwork Reduction Act Notice, see the Instructions for Form 990. HTA Schedule D (Form 990) 2017 Schedule D (Form 990) 2017 Part III 3 a c 81-5137380 2 Scholarly research Other e Preservation for future generations Provide a description of the organization's collections and explain how they further the organization's exempt purpose in Part XIII. 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. . . . 5 Part IV 1a b c d e f 2a b Escrow and Custodial Arrangements. Complete if the organization answered "Yes" on Form 990, Part IV, line 9, or reported an amount on Form 990, Part X, line 21. Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not included on Form 990, Part X? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Yes . . If "Yes," explain the arrangement in Part XIII and complete the following table: Amount Beginning balance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1c. . . . . . . . . . . . Additions during the year . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1d . . . . . . . . . . . . Distributions during the year . . . . . . . . . . . . . . . . . . . . . . . . . . . 1e . . . . . . . . . . . . Ending balance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1f. . . . . . . . . . . . d e f g 2 a b c 3a b . . . . . . . . . . . . . . . 0. . . . . . . . . . . . . No If "Yes," explain the arrangement in Part XIII. Check here if the explanation has been provided on Part XIII . . . . . . . . . . . . . . . Endowment Funds. Complete if the organization answered "Yes" on Form 990, Part IV, line 10. (a) Current year 1a b c . . No . . . . . Yes X Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability? Part V 4 Page Using the organization's acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply): d Public exhibition Loan or exchange programs b 4 America First Policies Inc. Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued) (b) Prior year (c) Two years back (d) Three years back (e) Four years back Beginning of year balance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net investment earnings, gains, and losses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Grants or scholarships . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other expenditures for facilities and programs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Administrative expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . End of year balance . . . . . . . . . . . . . . .0 . . . . . . . 0. . . . . . . . 0. . . . . . . .0 . . . . . . . 0 . . . . Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as: Board designated or quasi-endowment % Permanent endowment % Temporarily restricted endowment % The percentages on 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 Yes No organization by: (i) unrelated organizations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3a(i) . . . . . . . . . . (ii) related organizations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3a(ii) . . . . . . . . . . If "Yes" on line 3a(ii), are the related organizations listed as required on Schedule R? . . . . . . . . . . . . . 3b . . . . . . . . . . Describe in Part XIII the intended uses of the organization's endowment funds. Part VI Land, Buildings, and Equipment. Complete if the organization answered "Yes" on Form 990, Part IV, line 11a. See Form 990, Part X, line 10. Description of property (a) Cost or other basis (investment) (b) Cost or other basis (other) (c) Accumulated depreciation (d) Book value 1a Land . . . . . . . . . . . . . . . . . . . . . . . . 0. . . . . . . . . 0 . . . . . . . . . . . . . . . . . . .0 . . . b Buildings . . . . . . . . . . . . . . . . . . . . . . .0 . . . . . . . . . 0 . . . . . . . . . 0 . . . . . . . . . 0 . . . c Leasehold improvements . . . . . . . . . . . . . . . . 0. . . . . . . 29,663 . . . . . . . . . .4,829 . . . . . . . . 24,834 . . . . . . d Equipment . . . . . . . . . . . . . . . . . . . . . . 0. . . . . . . 8,725 . . . . . . . . . 1,454 . . . . . . . . . 7,271 . . . . . . e Other . . . . . . . . . . . . . . . . . . . . . . . . 0. . . . . . . 34,469 . . . . . . . . . 3,447 . . . . . . . . . 31,022 . . . . . . Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10c.) . . . . . . . . . . . . . . . .63,127 . . . . . . Schedule D (Form 990) 2017 Page 3 America First Policies Inc. 81-5137380 Investments—Other Securities. Complete if the organization answered "Yes" on Form 990, Part IV, line 11b. See Form 990, Part X, line 12. Schedule D (Form 990) 2017 Part VII (a) Description of security or category (including name of security) (c) Method of valuation: Cost or end-of-year market value (b) Book value (1) Financial derivatives . . . . . . . . . . . . . . . . . . . . . . 0 . . . . . . . . . . . . . . . . . . . . . . . . . . (2) Closely-held equity interests . . . . . . . . . . . . . . . . . . . 0. . . . . . . . . . . . . . . . . . . . . . . . . . . (3) Other (A) (B) (C) (D) (E) (F) (G) (H) Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.) 0 Part VIII Investments—Program Related. Complete if the organization answered "Yes" on Form 990, Part IV, line 11c. See Form 990, Part X, line 13. (a) Description of investment (1) (2) (3) (4) (5) (6) (7) (8) (9) Total. (Column (b) must equal Form 990, Part X, col. (B) line 13.) Part IX (c) Method of valuation: Cost or end-of-year market value (b) Book value 0 Other Assets. Complete if the organization answered "Yes" on Form 990, Part IV, line 11d. See Form 990, Part X, line 15. (a) Description (b) Book value (1) (2) (3) (4) (5) (6) (7) (8) (9) Total. (Column (b) must equal Form 990, Part X, col. (B) line 15.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0. . . . . Part X Other Liabilities. Complete if the organization answered "Yes" on Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25. (a) Description of liability 1. (1) Federal income taxes (2) Deferred Rent (b) Book value 0 32,648 (3) (4) (5) (6) (7) (8) (9) Total. (Column (b) must equal Form 990, Part X, col. (B) line 25.) 32,648 2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII X Schedule D (Form 990) 2017 Schedule D (Form 990) 2017 Part XI 1 2 a b c d e 3 4 a b c 5 a b c d e 3 4 a b c 5 81-5137380 Page 4 Total revenue, gains, and other support per audited financial statements . . . . . . . . . . . . . . . 1. . . . .22,167,500 . . . . . . . . Amounts included on line 1 but not on Form 990, Part VIII, line 12: Net unrealized gains (losses) on investments . . . . . . . . . . . . . . . 2a . . . . . . . . . . . . . . . . . . . . . . . . Donated services and use of facilities . . . . . . . . . . . . . . . . . . 2b . . . . . . . . . . . . . . . . . . . . . . . . Recoveries of prior year grants . . . . . . . . . . . . . . . . . . . . . 2c. . . . . . . . . . . . . . . . . . . . . . . Other (Describe in Part XIII.) . . . . . . . . . . . . . . . . . . . . . .2d. . . . . . . . . . . . . . . . . . . . . . . Add lines 2a through 2d . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2e. . . . . . . . .0 . . . . Subtract line 2e from line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3. . . . .22,167,500 . . . . . . . . Amounts included on Form 990, Part VIII, line 12, but not on line 1: Investment expenses not included on Form 990, Part VIII, line 7b . . . . . . . 4a . . . . . . . . . . . . . . . . . . . . . . . . Other (Describe in Part XIII.) . . . . . . . . . . . . . . . . . . . . . .4b. . . . . . . . . . . . . . . . . . . . . . . Add lines 4a and 4b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4c . . . . . . . . . 0. . . . Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) . . . . . . . . . . . . .5 . . . . 22,167,500 . . . . . . . . . Part XII 1 2 America First Policies Inc. Reconciliation of Revenue per Audited Financial Statements With Revenue per Return. Complete if the organization answered "Yes" on Form 990, Part IV, line 12a. Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered "Yes" on Form 990, Part IV, line 12a. Total expenses and losses per audited financial statements . . . . . . . . . . . . . . . . . . . . 1. . . . .14,228,795 . . . . . . . . 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 XIII.) . . . . . . . . . . . . . . . . . . . . . .2d. . . . . . . . . . . . . . . . . . . . . . . Add lines 2a through 2d . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2e. . . . . . . . .0 . . . . Subtract line 2e from line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3. . . . .14,228,795 . . . . . . . . Amounts included on Form 990, Part IX, line 25, but not on line 1: Investment expenses not included on Form 990, Part VIII, line 7b . . . . . . . 4a . . . . . . . . . . . . . . . . . . . . . . . . Other (Describe in Part XIII.) . . . . . . . . . . . . . . . . . . . . . .4b. . . . . . . . . . . . . . . . . . . . . . . Add lines 4a and 4b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4c . . . . . . . . . 0. . . . Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) . . . . . . . . . . . . 5. . . . .14,228,795 . . . . . . . . Part XIII Supplemental Information. Provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part IV, lines 1b and 2b; Part V, line 4; Part X, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information. Part X Line 2 The organization has adopted FASB ASC 740-10, Accounting for Uncertainty in Income Taxes. That standard prescribes a comprehensive model for how an organization should measure, recognize, present and disclose in its financial statements uncertain tax positions that an organization has taken or expects to take on a tax return. Schedule D (Form 990) 2017 Schedule D (Form 990) 2017 Part XIII America First Policies Inc. 81-5137380 Page 5 Supplemental Information (continued) Schedule D (Form 990) 2017 SCHEDULE G (Form 990 or 990-EZ) Department of the Treasury Internal Revenue Service Name of the organization Supplemental Information Regarding Fundraising or Gaming Activities OMB No. 1545-0047 Complete if the organization answered "Yes" on Form 990, Part IV, line 17, 18, or 19, or if the organization entered more than $15,000 on Form 990-EZ, line 6a. Open to Public Attach to Form 990 or Form 990-EZ. Inspection Go to www.irs.gov/Form990 for the latest instructions. Employer identification number America First Policies Inc. Part I 1 a b Indicate whether the organization raised funds through any of the following activities. Check all that apply. e Mail solicitations Solicitation of non-government grants Internet and email solicitations c X Phone solicitations d X In-person solicitations 2a b 81-5137380 Fundraising Activities. Complete if the organization answered "Yes" on Form 990, Part IV, line 17. Form 990-EZ filers are not required to complete this part. f Solicitation of government grants g Special fundraising events Did the organization have a written or oral agreement with any individual (including officers, directors, trustees, key employees listed in Form 990, Part VII) or entity in connection with professional fundraising services? X Yes No If "Yes," list the 10 highest paid individuals or entities (fundraisers) pursuant to agreements under which the fundraiser is to be compensated at least $5,000 by the organization. (i) Name and address of individual or entity (fundraiser) (ii) Activity (iii) Did fundraiser have custody or control of contributions? Yes 1 Mason Strategies LLC consulting 611 Pennsylvania Ave SE 385 Washington DC 20003 2 MO Stategies, Inc. consulting PO Box 4 Westfield IN 46074 3 The Laymont Group LLC consulting 7 West Monroe Ave Alexandria VA 22301 4 (v) Amount paid to (or retained by) fundraiser listed in col. (i) (iv) Gross receipts from activity (vi) Amount paid to (or retained by) organization No X 0 120,000 0 X 0 160,000 0 X 0 225,000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 5 6 7 8 9 10 Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0. . . . . 505,000 . . . . . . . . . . .0 . . . . 3 List all states in which the organization is registered or licensed to solicit contributions or has been notified it is exempt from registration or licensing. AR, CO, CT, FL, GA, KS, MO, NC, ND, NJ, PA, SC, UT, VA, WI For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ. HTA Schedule G (Form 990 or 990-EZ) 2017 Schedule G (Form 990 or 990-EZ) 2017 Part II America First Policies Inc. Page 2 (a) Event #1 (b) Event #2 (c) Other events (event type) (event type) (total number) (d) Total events (add col. (a) through col. (c)) 1 Gross receipts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .0 . . . . . . . . . 0. . . . 2 3 Less: Contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .0 . . . . . . . . . .0 . . . Gross income (line 1 minus line 2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0. . . . . . . . . . 0. . . . 4 Cash prizes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .0 . . . . . . . . . 0 . . . . 5 Noncash prizes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0. . . . . . . . . . 0. . . . 6 Rent/facility costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0. . . . . . . . . . 0. . . . 7 Food and beverages . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0. . . . . . . . . . 0 . . . . 8 Entertainment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .0 . . . . . . . . . .0 . . . . 9 Other direct expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .0 . . . . . . . . . 0. . . . 10 11 Direct expense summary. Add lines 4 through 9 in column (d) . . . . . . . . . . . . . . . . . . ( . . . . . . . . 0) . . . . . Net income summary. Subtract line 10 from line 3, column (d) . . . . . . . . . . . . . . . . . . . . . . . . . . 0 . . . . Part III Gaming. Complete if the organization answered "Yes" on Form 990, Part IV, line 19, or reported more than $15,000 on Form 990-EZ, line 6a. (b) Pull tabs/instant bingo/progressive bingo (a) Bingo (d) Total gaming (add col. (a) through col. (c)) (c) Other gaming 1 Gross revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0. . . . 2 Cash prizes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0 . . . . 3 Noncash prizes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0. . . . 4 Rent/facility costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0. . . . 5 Other direct expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0. . . . Yes 9 81-5137380 Fundraising Events. Complete if the organization answered "Yes" on Form 990, Part IV, line 18, or reported more than $15,000 of fundraising event contributions and gross income on Form 990-EZ, lines 1 and 6b. List events with gross receipts greater than $5,000. % Yes % Yes % 6 Volunteer labor . . . . . . . . .No. . . . . . . . . .No. . . . . . . . . .No. . . . . . . . . . . . . . . . . . . . 7 Direct expense summary. Add lines 2 through 5 in column (d) . . . . . . . . . . . . . . . . . . ( . . . . . . . . 0) . . . . . 8 Net gaming income summary. Subtract line 7 from line 1, column (d) . . . . . . . . . . . . . . . . . . . . . . . . 0. . . . Enter the state(s) in which the organization conducts gaming activities: a b Is the organization licensed to conduct gaming activities in each of these states? . . . . . . . . . . . . . . . Yes . . . . .No. . . . If "No," explain: 10a b Were any of the organization's gaming licenses revoked, suspended, or terminated during the tax year? . . . . . . Yes . . . . No . . . . . If "Yes," explain: Schedule G (Form 990 or 990-EZ) 2017 Schedule G (Form 990 or 990-EZ) 2017 America First Policies Inc. 81-5137380 Page 3 11 Does the organization conduct gaming activities with nonmembers? . . . . . . . . . . . . . . . . . . . . Yes . . . . No . . . . . . 12 Is the organization a grantor, beneficiary or trustee of a trust, or a member of a partnership or other entity formed to administer charitable gaming? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Yes . . . . No . . . . . . 13 a b 14 Indicate the percentage of gaming activity conducted in: The organization's facility . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .13a . . . . . . . . % . . . . . An outside facility . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .13b . . . . . . . . % . . . . . Enter the name and address of the person who prepares the organization's gaming/special events books and records: Name Address 15a b c Does the organization have a contract with a third party from whom the organization receives gaming revenue? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Yes . . . .No. . . . . If "Yes," enter the amount of gaming revenue received by the organization $ 0 and the amount of gaming revenue retained by the third party $ 0 . If "Yes," enter name and address of the third party: Name Address 16 Gaming manager information: Name Gaming manager compensation $ 0 Description of services provided Director/officer 17 a b Employee Independent contractor Mandatory distributions: Is the organization required under state law to make charitable distributions from the gaming proceeds to retain the state gaming license? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Yes . . . .No. . . . . Enter the amount of distributions required under state law to be distributed to other exempt organizations $ or spent in the organization's own exempt activities during the tax year 0 Part IV Supplemental Information. Provide the explanations required by Part I, line 2b, columns (iii) and (v); and Part III, lines 9, 9b, 10b, 15b, 15c, 16, and 17b, as applicable. Also provide any additional information. See instructions Schedule G (Form 990 or 990-EZ) 2017 SCHEDULE J (Form 990) Department of the Treasury Internal Revenue Service Name of the organization Compensation Information OMB No. 1545-0047 For certain Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees Complete if the organization answered "Yes" on Form 990, Part IV, line 23. Attach to Form 990. Go to www.irs.gov/Form990 for instructions and the latest information. Employer identification number America First Policies Inc. Part I Open to Public Inspection 81-5137380 Questions Regarding Compensation Yes 1a b No Check the appropriate box(es) if the organization provided any of the following to or for a person listed on Form 990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items. X First-class or charter travel Housing allowance or residence for personal use Travel for companions Payments for business use of personal residence Tax indemnification and gross-up payments Health or social club dues or initiation fees Discretionary spending account Personal services (such as, maid, chauffeur, chef) If any of the boxes on line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1b. . .X . . . . . . . 2 Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all directors, trustees, and officers, including the CEO/Executive Director, regarding the items checked on line 1a? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 . . . X. . . . . . . 3 Indicate which, if any, of the following the filing organization used to establish the compensation of the organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III. Compensation committee X Written employment contract Independent compensation consultant X Compensation survey or study X Form 990 of other organizations 4 a b c 5 a b 6 a b 7 8 9 X Approval by the board or compensation committee During the year, did any person listed on Form 990, Part VII, Section A, line 1a, with respect to the filing organization or a related organization: Receive a severance payment or change-of-control payment? . . . . . . . . . . . . . . . . . . . . . . . 4a . . . . . X . . . . . Participate in, or receive payment from, a supplemental nonqualified retirement plan? . . . . . . . . . . . . . .4b. . . . . X. . . . Participate in, or receive payment from, an equity-based compensation arrangement? . . . . . . . . . . . . . .4c. . . . . X. . . . If "Yes" to any of lines 4a–c, list the persons and provide the applicable amounts for each item in Part III. Only section 501(c)(3), 501(c)(4), and 501(c)(29) organizations must complete lines 5–9. For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any compensation contingent on the revenues of: The organization? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .5a. . . . . X. . . . Any related organization? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5b . . . . . . X. . . . If "Yes" on line 5a or 5b, describe in Part III. For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any compensation contingent on the net earnings of: The organization? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .6a. . . . . X. . . . Any related organization? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6b . . . . . . X. . . . If "Yes" on line 6a or 6b, describe in Part III. For persons listed on Form 990, Part VII, Section A, line 1a, did the organization provide any nonfixed 7 payments not described on lines 5 and 6? If "Yes," describe in Part III X Were any amounts reported on Form 990, Part VII, paid or accrued pursuant to a contract that was subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe in Part III . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8. . . . . .X . . . . If "Yes" on line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9. . . . . . . . . . For Paperwork Reduction Act Notice, see the Instructions for Form 990. HTA Schedule J (Form 990) 2017 Schedule J (Form 990) 2017 Part II America First Policies Inc. 81-5137380 Page 2 Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is needed. For each individual whose compensation must be reported on Schedule J, report compensation from the organization on row (i) and from related organizations, described in the instructions, on row (ii). Do not list any individuals that aren't listed on Form 990, Part VII. Note: The sum of columns (B)(i)–(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that individual. (B) Breakdown of W-2 and/or 1099-MISC compensation (A) Name and Title Brian O. Walsh 1 President 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 (i) Base compensation (i) (ii) (i) (ii) (i) (ii) (i) (ii) (i) (ii) (i) (ii) (i) (ii) (i) (ii) (i) (ii) (i) (ii) (i) (ii) (i) (ii) (i) (ii) (i) (ii) (i) (ii) (i) (ii) 142,708 17,292 (ii) Bonus & incentive compensation (iii) Other reportable compensation (C) Retirement and other deferred compensation (D) Nontaxable benefits 1,585 192 (E) Total of columns (B)(i)–(D) (F) Compensation in column (B) reported as deferred on prior Form 990 144,293 17,484 Schedule J (Form 990) 2017 Page 3 America First Policies Inc. 81-5137380 Part III Supplemental Information Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II. Also complete this part for any additional information. Schedule J (Form 990) 2017 Part I Line 1a All directors are eligible for first class travel and one director utilized first class travel which was not treated as taxable compensation. Schedule J (Form 990) 2017 SCHEDULE O Supplemental Information to Form 990 or 990-EZ OMB No. 1545-0047 (Form 990 or 990-EZ) Complete to provide information for responses to specific questions on Form 990 or 990-EZ or to provide any additional information. Attach to Form 990 or 990-EZ. Go to www.irs.gov/Form990 for the latest information. Open to Public Inspection Department of the Treasury Internal Revenue Service Name of the organization America First Policies Inc. Employer identification number 81-5137380 Form 990, Part III, Line 4: Program services reported in this section do not include expenses for political campaign intervention or other activities of the organization that do not directly further its purposes according to current IRS guidance. In contrast, some such expenses are reported as “program service” expenditures rather than management or fundraising expenditures in Part IX, given the slightly broader definition of program service there. Form 990, Part V, Line 2a: The organization contracted with a third-party corporation to provide staffing services, and that third-party corporation was the employer who handled payroll taxes and provided W-2s to staff members. The number of employees reported here is the number of staff members provided by the third-party corporation. Form 990, Part VI, Section A, Line 3: The organization used Insperity, a third-party employee leasing company, but all significant decisions remained under the control of the organization’s officers and directors. Amounts paid to Insperity for the organization’s staff are reported in aggregate in Part VII.B, and to the extent attributable to particular employees it is also reported in Part VII.A. Form 990, Part VI, Section A, Line 8b: The organization did not have any committees. Form 990, Part VI, Section B, Line 11a: The Form 990 is reviewed by the President of the organization in consultation with accounting and legal professionals as appropriate. Thereafter, a penultimate draft and then a final copy is circulated to all of the members of the organization’s governing body prior to filing. The penultimate draft and the final copy both include the full Form 990 submitted to the IRS, except for confidential portions (which are available for members of the governing body to review on premises). Form 990, Part VI, Section B, Line 12c: The organization asks board members, officers, employees, and volunteers annually to disclose interests that may give rise to potential conflicts of interest under the Conflicts of Interest Policy. It does so in conjunction with asking for information about arrangements that may need to be disclosed on the Form 990. Form 990, Part VI, Section B, Line 15: The board periodically reviews compensation at For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ. HTA Schedule O (Form 990 or 990-EZ) (2017) Schedule O (Form 990 or 990-EZ) (2017) Name of the organization America First Policies Inc. Page Employer identification number 2 81-5137380 comparable organizations to determine appropriate general compensation levels for the President. For other employees, the President reviews compensation for similar work at peer institutions to determine compensation levels. The President reviews and approves all staff compensation. Form 990, Part VI, Section C, Line 17: The organization is a social welfare organization and is not a charitable organization under the definition of many state statutes. The organization therefore does not register under state laws pertaining to charitable solicitation or similar laws except where it determines that state law is meant to apply to social welfare organizations. Form 990, Part VI, Section C, Line 19: The organization does not provide copies of its governing documents, conflict of interest policy or financial statements to the public. However, financial statements are provided to certain states where required for solicitation registration purposes. Form 990, Part VII, Section A, As noted previously, the organization’s staff were employed by a third party employee leasing company rather than being employed directly by the organization. However, per the instructions, as the common law employer of these employees, the organization has reported their compensation in Part VII as if it employed them directly. Amounts reported in columns (D) and (F) represent the organization’s third party staffing company’s estimates of the amount of its charge to the organization allocable to employee compensation and employee benefits, respectively. That charge may not correspond to amounts actually paid to the individuals by the employment company. Form 990, Part IX, Line 11g: Media services $3,954,721; Survey and Research $238,211. Schedule O (Form 990 or 990-EZ) (2017) SCHEDULE R (Form 990) Related Organizations and Unrelated Partnerships Department of the Treasury Internal Revenue Service OMB No. 1545-0047 Complete if the organization answered "Yes" on Form 990, Part IV, line 33, 34, 35b, 36, or 37. Attach to Form 990. Go to www.irs.gov/Form990 for instructions and the latest information. Open to Public Inspection Name of the organization Employer identification number America First Policies Inc. 81-5137380 Part I Identification of Disregarded Entities. Complete if the organization answered "Yes" on Form 990, Part IV, line 33. (a) Name, address, and EIN (if applicable) of disregarded entity (b) Primary activity (c) Legal domicile (state or foreign country) (d) Total income (e) End-of-year assets (f) Direct controlling entity (1) (2) (3) (4) (5) (6) Part II Identification of Related Tax-Exempt Organizations. Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year. (a) Name, address, and EIN of related organization (b) Primary activity (c) Legal domicile (state or foreign country) (d) Exempt Code section (e) Public charity status (if section 501(c)(3)) (f) Direct controlling entity (g) Section 512(b)(13) controlled entity? Yes (1) America First Action, Inc. 82-1167449 1400 Crystal Drive Ste 850 Arlington, VA 22202 (2) No political VA 527 X (3) (4) (5) (6) (7) For Paperwork Reduction Act Notice, see the Instructions for Form 990. HTA Schedule R (Form 990) 2017 Schedule R (Form 990) 2017 Part III America First Policies Inc. 81-5137380 Page 2 Identification of Related Organizations Taxable as a Partnership. Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a partnership during the tax year. (a) Name, address, and EIN of related organization (b) Primary activity (c) Legal domicile (state or foreign country) (d) Direct controlling entity (e) Predominant income (related, unrelated, excluded from tax under sections 512-514) (f) Share of total income (g) Share of end-ofyear assets (h) Disproportionate allocations? (i) Code V—UBI amount in box 20 of Schedule K-1 (Form 1065) Yes No (j) General or managing partner? (k) Percentage ownership Yes No (1) (2) (3) (4) (5) (6) (7) Part IV Identification of Related Organizations Taxable as a Corporation or Trust. Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year. (a) Name, address, and EIN of related organization (b) Primary activity (c) Legal domicile (state or foreign country) (d) Direct controlling entity (e) Type of entity (C corp, S corp, or trust) (f) Share of total income (g) Share of end-of-year assets (h) Percentage ownership (i) Section 512(b)(13) controlled entity? Yes No (1) (2) (3) (4) (5) (6) (7) Schedule R (Form 990) 2017 Schedule R (Form 990) 2017 Part V America First Policies Inc. 81-5137380 Page 3 Transactions With Related Organizations. Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35b, or 36. Yes No Note: Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule. 1 During the tax year, did the organization engage in any of the following transactions with one or more related organizations listed in Parts II–IV? a Receipt of (i) interest, (ii) annuities, (iii) royalties, or (iv) rent from a controlled entity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1a . . . . . .X . . . b Gift, grant, or capital contribution to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1b . . . X. . . . c Gift, grant, or capital contribution from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1c . . . . . .X . d Loans or loan guarantees to or for related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1d. . . . . X. . e Loans or loan guarantees by related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1e . . . . . X. . 2 f g h i j X Dividends from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1f . . . . X Sale of assets to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .1g. . . . Purchase of assets from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .1h. . . . . X. Exchange of assets with related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1i. . . . . X. . . . . Lease of facilities, equipment, or other assets to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1j . . . . . .X . . . k l m n o Lease of facilities, equipment, or other assets from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1k . . . . . .X . . . . Performance of services or membership or fundraising solicitations for related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . .1l . . . . . X . . . . . Performance of services or membership or fundraising solicitations by related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . 1m . . . . . . X. . . . . Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . .1n. . X . . . . . . . . Sharing of paid employees with related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1o. . .X . . . . . . . p q Reimbursement paid to related organization(s) for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .1p. . . . . X. . . Reimbursement paid by related organization(s) for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1q . . . . . . X. . . r s Other transfer of cash or property to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1r . . . . . X . . Other transfer of cash or property from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1s . . . . . X . . . If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds. (a) Name of related organization (b) Transaction type (a–s) (c) Amount involved (d) Method of determining amount involved see Part VII (1) America First Action, Inc. 116,702 (2) (3) (4) (5) (6) Schedule R (Form 990) 2017 Schedule R (Form 990) 2017 Part VI America First Policies Inc. 81-5137380 Page 4 Unrelated Organizations Taxable as a Partnership. Complete if the organization answered "Yes" on Form 990, Part IV, line 37. Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships. (a) Name, address, and EIN of entity (b) Primary activity (c) Legal domicile (state or foreign country) (d) (e) Predominant Are all partners income (related, section unrelated, excluded 501(c)(3) from tax under organizations? sections 512-514) Yes No (f) Share of total income (g) Share of end-of-year assets (h) Disproportionate allocations? Yes No (i) Code V—UBI amount in box 20 of Schedule K-1 (Form 1065) (j) General or managing partner? Yes (k) Percentage ownership No (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15) (16) Schedule R (Form 990) 2017 Schedule R (Form 990) 2017 Part VII America First Policies Inc. 81-5137380 Page 5 Supplemental Information. Provide additional information for responses to questions on Schedule R. See Instructions. Part V Line 2 - The organization shared some staff with America First Action, Inc. a related organization. During the tax year such staff were employed directly by the organization, and time spent working for each organization was tracked. The organization directly paid wages attributable to America First Action, Inc. of $81,543. In addition, the shared employees used space and equipment of the organization. The organization estimated that overhead attributable to shared staff working for America First Action, Inc. and some other shared expenses was $35,159. Schedule R (Form 990) 2017 Form 8868 (Rev. January 2017) Application for Automatic Extension of Time To File an Exempt Organization Return Department of the Treasury Internal Revenue Service OMB No. 1545-1709 File a separate application for each return. Information about Form 8868 and its instructions is at www.irs.gov/form8868. Electronic filing (e-file). You can electronically file Form 8868 to request a 6-month automatic extension of time to file any of the forms listed below with the exception of Form 8870, Information Return for Transfers Associated With Certain Personal Benefit Contracts, for which an extension request must be sent to the IRS in paper format (see instructions). For more details on the electronic filing of this form, visit www.irs.gov/efile, click on Charities & Non-Profits, and click on e-file for Charities and Non-Profits. Automatic 6-Month Extension of Time. Only submit original (no copies needed). All corporations required to file an income tax return other than Form 990-T (including 1120-C filers), partnerships, REMICs, and trusts must use Form 7004 to request an extension of time to file income tax returns. Type or print Enter filer's identifying number, see instructions Employer identification number (EIN) or Name of exempt organization or other filer, see instructions. File by the due date for filing your return. See instructions. America First Policies Inc. 81-5137380 Number, street, and room or suite no. If a P.O. box, see instructions. Social security number (SSN) 1400 Crystal Drive, Room 850 City, town or post office, state, and ZIP code. For a foreign address, see instructions. Arlington, VA 22202 Enter the Return Code for the return that this application is for (file a separate application for each return) . . . . . . . . . . . . 01 . . . . . Application Is For Return Code Form 990 or Form 990-EZ Form 990-BL Form 4720 (individual) Form 990-PF Form 990-T (sec. 401(a) or 408(a) trust) Form 990-T (trust other than above) The books are in the care of 01 02 03 04 05 06 Application Is For Return Code Form 990-T (corporation) Form 1041-A Form 4720 (other than individual) Form 5227 Form 6069 Form 8870 07 08 09 10 11 12 the organization Telephone No. 571-348-1801 Fax No. If the organization does not have an office or place of business in the United States, check this box . . . . . . . . . . . . . . . . . . . If this is for a Group Return, enter the organization's four digit Group Exemption Number (GEN) . If this is for the whole group, check this box . . . . . . . . . . . If. it. is. for . . part . . .of.the . .group, . . . .check . . . this . . box. . . . .. .. .. .. .. .. .. .. .. .. .. .. .. .. and .. .. ..attach .. .. .. a.. .. .. .. .. .. . list with the names and EINs of all members the extension is for. I request an automatic 6-month extension of time until 11/15 , 20 18 for the organization named above. The extension is for the organization's return for: 1 calendar year 20 X tax year beginning , to file the exempt organization return or 1/27 , 20 17 , and ending 12/31 X Initial return 2 If the tax year entered in line 1 is for less than 12 months, check reason: Change in accounting period 3a If this application is for Forms 990-BL, 990-PF, 990-T, 4720, or 6069, enter the tentative tax, less any nonrefundable credits. See instructions. If this application is for Forms 990-PF, 990-T, 4720, or 6069, enter any refundable credits and estimated tax payments made. Include any prior year overpayment allowed as a credit. Balance due. Subtract line 3b from line 3a. Include your payment with this form, if required, by using EFTPS (Electronic Federal Tax Payment System). See instructions. b c , 20 17 . Final return 3a $ 0 3b $ 0 3c $ 0 Caution: If you are going to make an electronic funds withdrawal (direct debit) with this Form 8868, see Form 8453-EO and Form 8879-EO for payment instructions. For Privacy Act and Paperwork Reduction Act Notice, see instructions. HTA Form 8868 (Rev. 1-2017)