Western Futures formal control is a three-person independent board while Blue Moon handles day-to-day operations

Western Futures Fund’s governance/operations split can now be described more precisely. Its FY2024 Form 990 reports three voting members of the governing body and three independent voting members, with no reported family/business relationships among officers/directors. Part VII identifies Michael Hennesy as president, Jeremy Krones as treasurer and Christopher Hirsch as secretary, each with $0 reportable compensation from WFF. Separately, WFF’s Schedule O states that Blue Moon Strategies, as management consultant, is responsible for day-to-day operations. This distinguishes formal governance from operational administration: the three-member independent governing body is the legally disclosed board/officer layer, while Blue Moon is the disclosed day-to-day management consultant. The filing does not disclose that Blue Moon has governing votes or that the board delegates grant-selection authority to Blue Moon, and the public record reviewed does not establish which actor selected individual Idaho grantees, candidate targets, or grant conditions. This governance/operations distinction is central to answering who controls WFF without conflating legal board authority with contracted management work.