American Future Fund — a nonprofit with numerous ties to Gov.-elect Terry Branstad and based out of a P.O. Box in Des Moines — spent $9,599,806 in 2010, ranking 7th nationally in spending by outside political organizations , according to research by the Center for Responsive Politics. Because the group is registered as a 501(c)4 nonprofit, it is not regulated by the Federal Elections Commission or the Iowa Ethics and Campaign Disclosure Board