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New records for INSTITUTE FOR PORTFOLIO ALTERNATIVES POLITICAL ACTION COMMITTEE (IPA PAC).2025–2026 election cycle

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INSTITUTE FOR PORTFOLIO ALTERNATIVES POLITICAL ACTION COMMITTEE (IPA PAC)

Mixed activity · 33% Democratic / 67% RepublicanInferred from activityPAC (qualified) · Lobbyist or registrant PAC · Quarterly filerC00671693

Overview

Raised: $6,875vs $32.4K 2023–2024
Spent: $29Kvs $14.2K 2023–2024
Cash on hand: $147.8Kvs $169.9K 2023–2024
Debts owed: $0vs $0 2023–2024

OpenFEC processed totals through Sep 30, 2026; figures change when amended reports are filed.

Raised is total receipts and Spent is total disbursements as the committee reported them; both can include transfers, loans and refunds. Cash on hand and debts are the balances at the end of the last report. The comparison is the same figure for 2023–2024.

Compliance review · No open linked indicators

Automated review indicators, not findings of a violation. Exact reported records are linked; identity is not independently verified. Reported lobbyist-bundling disclosures are not counted as issues.

Latest cycle-wide scan: Oct 18, 2026 · Index refreshed: Oct 18, 2026. Coverage is limited to loaded records and implemented checks.

Scan coverage and freshness

Receipt eligibility: last successful scan Oct 18, 2026 · latest scheduled check skipped (Oct 18, 2026).
Integrity: last successful scan Oct 18, 2026 · latest scheduled check succeeded (Oct 18, 2026).
Fundraising patterns: last successful scan Oct 18, 2026 · latest scheduled check skipped (Oct 18, 2026).

No open indicators are linked in the published index. This is not a compliance clearance.

Across the cycle, some findings could not be linked safely to entities; ambiguous identities are withheld.

Candidate connections

Candidate campaign receiving transfers
DOWNING, TROYRepublicanFEC reported
U.S. House · Montana · District 2
Election 2026 · Incumbent · Current candidate
Receiving campaign: TROY DOWNING FOR CONGRESS
Candidate details & sources
FEC candidate ID: H4MT02098 · 2025–2026 reporting cycle
Candidate campaign receiving transfers
GARBARINO, ANDREW

Money in

Sources

Itemized individual contributions$4,167
Unitemized individual contributions$208
Other committees$2,500

Largest itemized receipts

FS PACMixed activity · 51% Democratic / 47% Republican · 2% unclassifiedInferred from activity$2,500Dec 17, 2025
COVERMAN, ANYA33% Democratic / 67% RepublicanDerived from contributions$104IPA · Jun 30, 2026
COVERMAN, ANYA33% Democratic / 67% RepublicanDerived from contributions$104IPA · Jun 15, 2026
COVERMAN, ANYA

Money out

Spending by kind

Contributions to committees$29K

Largest disbursements

Nothing reported.

All spending →

Payments are reported transactions, largest first; noncash accounting entries are listed under Reconciliation, not as payments.

Over time

Itemized receipts and reported spending by month

Data

Month	Raised	Spent
Jan 25	$104	$2,500
Feb 25	$208	$2,500
Mar 25	$208	$0
Apr 25	$208	$3,500
May 25	$208	$0
Jun 25	$208	$0
Jul 25	$208	$5,000
Aug 25	$208	$0
Sep 25	$208	$0
Oct 25	$208	$6,500
Nov 25	$208	$0
Dec 25	$2,708	$0
Jan 26	$104	$1,000
Feb 26	$104	$0
Mar 26	$312	$3,000
Apr 26	$208	$2,500
May 26	$208	$0
Jun 26	$208	$2,500

Months follow the reported transaction date; itemized records only, so unitemized small-dollar giving is not in the bars.

Money network · top contributors and recipients as a graph

Records

Registration

Committee type: PAC (qualified)
Designation: Lobbyist or registrant PAC
Party affiliation: No party affiliation reported
Treasurer: COVERMAN, ANYA
Filing cadence: Quarterly filer
Organization type: Membership organization
Connected organization: INSTITUTE FOR PORTFOLIO ALTERNATIVES
Registration snapshot cycle: 2025–2026
Cycles loaded: 2026, 2024
Registered address: 1455 PENNSYLVANIA AVE, NW · SUITE 400 · WASHINGTON, DC, 20004

Relationships

FEC-reported relationships

Registration evidence · 2025–2026

Reported relationships are not contributions or transfers. They do not establish that any money changed hands. The reporting committee and related entity are shown separately. Only loaded relationship types are shown; this is not a complete organization chart.

INSTITUTE FOR PORTFOLIO ALTERNATIVES POLITICAL ACTION COMMITTEE (IPA PAC)C00671693 Connected organizationINSTITUTE FOR PORTFOLIO ALTERNATIVESReported name only · no identity match assumed
FEC reportedLoaded: Sep 6, 2026Official FEC source ↗
Cycle-specific FEC committee master: reported connected organization / affiliated committee name. This name-only field does not establish an entity identity match. The date is local ingestion, not the original filing date.

FEC-reported relationships

Loading registration relationships…

Political alignment

Registration, linked-candidate, and disclosed money-flow evidence

Evidence-based classificationMixed activity · 33% Democratic / 67% RepublicanMixed activity · 33% Democratic / 67% RepublicanInferred from activity

FEC registration: PAC (qualified); no party affiliation reported. Classification basis: Inferred from activity. This describes disclosed financial activity, not an official party registration or ideological score. The figures below separately preserve the filer’s Schedule E support and opposition designations.

No candidate support/oppose spending foundThis cycle has no locally ingested Schedule E rows for this committee. Registration, linked-candidate, committee-transfer, and recipient-reported conduit evidence can still establish the alignment shown above.

Overview

Candidate connections

Money in

Sources

Largest itemized receipts

Money out

Spending by kind

Largest disbursements

Over time

Records

FEC-reported relationships

FEC-reported relationships

Political alignment

Cash, assets & liabilities

Money network

FEC-reported relationships

Over time