PAC - Qualified
Truth Is Markets Work Fund
FEC committee C00498360. Last filed September 18, 2026.
FEC C00498360Last filed 2026-09-18Totals through 2026-08-31
The short version
- Raised $131K and spent $108K in the 2026 cycle, through August 31, 2026.
- Largest donor on record: Walberg Victory Fund (Political committee), $64K.
What it is
Truth Is Markets Work Fund is registered with the FEC as a PAC, connected to Walberg.
A leadership PAC is run by a politician to give money to other candidates and build influence. Donations to it are limited.
Issues it says it stands for
No record found. The FEC does not record issues. The candidates it supports and opposes are listed below.
Registration
| Type | PAC - Qualified |
|---|---|
| Connected organization | Walberg |
| Sponsoring candidate IDs | H4MI07103 |
| Treasurer | Carlin, Robert F. |
| Registered in | Virginia |
| First filed with the FEC | July 5, 2011 |
Who it supports and opposes
No independent expenditure notices on record for the 2026 cycle.
Direct contributions to candidates
| Recipient | Given | Checks |
|---|---|---|
| NRCC FEC | $15K | 1 |
| Mi PAC FEC | $5K | 1 |
| Mission First People Always PAC FEC | $5K | 1 |
| Tom Barrett for Congress FEC | $5K | 1 |
| Mackenzie for Congress Committee FEC | $5K | 1 |
| Huizenga for Congress FEC | $5K | 1 |
| Friends of Michael Bouchard Inc FEC | $5K | 1 |
| Hassan for Michigan FEC | $5K | 1 |
| International Franchise Association Franchising Political Action Committee Inc FEC | $5K | 1 |
| Walberg for Congress FEC | $5K | 1 |
| Bergmanforcongress FEC | $5K | 1 |
| Van Orden for Congress FEC | $5K | 1 |
| Miller-Meeks for Congress FEC | $5K | 1 |
| Lawler for Congress, Inc. FEC | $5K | 1 |
| Matt Van Epps for Congress FEC | $5K | 1 |
| Committee to Elect Mike Ezell FEC | $5K | 1 |
| Concentric Office | $5K | 7 |
| Elise for Congress FEC | $2K | 1 |
| Kevin Kiley for Congress FEC | $2K | 1 |
| Onder for Congress FEC | $2K | 1 |
| Messmer for Congress FEC | $2K | 1 |
| Mark Harris for Congress FEC | $2K | 1 |
| Mary Miller for Congress FEC | $1K | 1 |
| Joe Wilson for Congress FEC | $1K | 1 |
| Friends of Glenn Thompson FEC | $1K | 1 |
Largest itemized contributions processed by the FEC, 2026 cycle.
Who funds it
Donor mix
| Source | Amount | Share |
|---|---|---|
| Individuals giving over $200 (named) | $13K | 10% |
| PACs and other political committees | $75K | 57% |
| Transfers from affiliated committees | $42K | 32% |
| Total raised | $131K | 100% |
FEC committee totals, 2026 cycle, through August 31, 2026. The 10 largest donors include recent electronic filings, so their share can run ahead of these totals.
100% from 10 donors
Largest named donors
| Donor | Type | Given | Checks |
|---|---|---|---|
| Walberg Victory Fund FEC | Political committee Recent filing | $64K | 6 |
| Associated General Contractors of America Political Action Committee | PAC | $10K | 2 |
| National Association of Realtors Political Action Committee | PAC | $10K | 2 |
| International Franchise Association Franchising Political Action Committee Inc FEC | PAC | $10K | 2 |
| American Bankers Association PAC (Bankpac) | PAC Recent filing | $10K | 4 |
| Dte Energy Co. PAC - Federal FEC | PAC | $8K | 2 |
| Poarch Bank of Creek Indians | Organization No donor disclosure | $5K | 1 |
| Gce Political Action Committee (Gce PAC) FEC | PAC | $5K | 1 |
| Build Political Action Committee of the National Association of Home Builders (Buildpac) | PAC | $5K | 1 |
| Associated Builders and Contractors, Inc. Political Action Committee (Abc PAC) | PAC | $5K | 1 |
| Mark Meijer Life Ems | Individual | $5K | 1 |
| National Restaurant Association PAC (Restaurant PAC) FEC | PAC | $5K | 1 |
| National Association of Benefits and Insurance Professionals PAC (Nabip PAC) | PAC Recent filing | $5K | 1 |
| FMR LLC Political Action Committee - Federal (Fidelity PAC) | PAC Recent filing | $5K | 1 |
| Mission First People Always PAC | PAC Recent filing | $5K | 1 |
| Jackson Holdings LLC and Jackson National Life Insurance Company Federal Ssf (Jackson Nati FEC | PAC | $2K | 1 |
| Guidewell Mutual Holding Corporation Political Action Committee (Guidewell PAC) FEC | PAC | $2K | 1 |
| The Home Depot Inc. Political Action Committee FEC | PAC | $2K | 1 |
| Nomi Health, Inc. PAC FEC | PAC | $2K | 1 |
| The Council of Insurance Agents & Brokers Political Action Committee | PAC | $2K | 1 |
| Electing Majority Making Effective Republicans PAC | PAC | $2K | 1 |
| Cms Energy Corporation Employees for Better Government- Federal | PAC | $2K | 1 |
| American Dental Association Political Action Committee FEC | PAC | $2K | 1 |
| Blue Cross Blue Shield of Michigan PAC | PAC Recent filing | $2K | 1 |
| NORPAC | PAC Recent filing | $2K | 1 |
Built from the 100 largest itemized receipts processed by the FEC through August 14, 2026, plus the largest receipts in reports filed electronically through September 30, 2026 (marked "Recent filing").
Where its individual donors work
| Employer | Given | Donations |
|---|---|---|
| Haworth Inc. | $5K | 1 |
| Fieldview Capital Management | $5K | 1 |
| Alro Steel Corp. | $5K | 1 |
| Mckinley Associates Inc | $5K | 1 |
| Life Ems | $5K | 1 |
| Haworth, Inc. | $5K | 1 |
| Null | $5K | 1 |
| The Kirlin Company | $3K | 1 |
| Full Sail University | $2K | 1 |
| Lancaster School Ofcosmetology | $2K | 1 |
Employer as reported by each donor, 2026 cycle, FEC processed totals. Retired, self employed and not employed donors are not shown.
Donors marked "No donor disclosure" are companies, LLCs or nonprofits. Unless they are themselves political committees, they do not have to report where their money came from. The disclosed trail ends there.
Primary Sources
- FEC committee page: fec.gov/data/committee/C00498360
- FEC filings: all reports filed by Truth Is Markets Work Fund
- Independent expenditures: fec.gov
- Receipts: fec.gov