Connection research · Research date 2026-09-17
Sixteen Thirty Fund and New Venture Fund financed Western Futures before Way Back’s Idaho spending
Recorded status: Verified multi-stage funding chain; dollar-level tracing, earmarking, and coordination unproven
This is a dated research record. Its qualifications and open questions are part of the account. Association alone does not establish wrongdoing or control.
Western Futures Fund’s IRS-derived FY2024 record identifies $5.5 million in grants from five organizations, led by Sixteen Thirty Fund ($2.8 million) and New Venture Fund ($1.8 million), followed by Guardian of Rights Fund ($500,000), Civic Truth Coalition ($450,000), and Sheriff Accountability Action ($30,000). The same return identifies Western Futures’ officers as Michael Hennesy (president), Jeremy Krones (treasurer), and Christopher Hirsch (secretary), all reporting $0 compensation, and lists $100,000 paid to Way Back PAC in FY2024. Separate 2026 FEC/reporting records show Western Futures later supplied at least $1.125 million to Way Back PAC, which then paid $350,000 to Defend and Protect Idaho, $100,000 to Hometown Heroes, and $100,000 to Idaho First. This produces a documented money path from Sixteen Thirty/New Venture into Western Futures, then into Way Back, then into the Idaho PAC network. However, funds are fungible and the records do not permit tracing a particular Sixteen Thirty or New Venture dollar into a particular 2026 Idaho payment. They establish the funding chain and institutional relationships, not earmarking or coordination.
Source references
- Western Futures Fund Inc. — IRS Form 990-derived FY2024 record — Officers, Directors & Key Employees; Grants received FY2024; Grants paid FY2024
- FEC — Way Back PAC committee overview — Financial summary and filings
- Idaho Education News — Group opposing political extremism doubles Idaho election spending — Where the money comes from
- Way Back PAC filing-derived payee table, April 1–June 3, 2026 — Other Disbursements