Ready for independent review. This pass follows one operation: Leading the Future (LTF) → Think Big → Lantern Production Consultants LLC → March 2026 opposition to Alexander Bores in the NY-12 federal primary. It establishes a named vendor and itemized services beyond the existing reported $5,000 creator offer. It does not establish ultimate subcontractors, an original donor's instruction, or the effect of the spending. Public records retrieved September 8, 2026. No messages, paid acquisition or publication.
What the money demonstrably reaches
LTF's Q1 Schedule B, page 13, reports a $5 million contribution to Think Big on February 24, 2026, transaction SB23.I31388. This is a component of the retained e147 $40 million contributions-to-other-committees aggregate. It is not a new external donation and is not a transfer to Build American AI. The source is the exact original already represented by src-6460d3b558f5; alias it instead of manufacturing corroboration. [LTF original](http[local research file]
The controlling March return is Think Big's May 20 amended April monthly report, covering March 1–31. Its seven Bores-opposition Schedule E rows total $787,404.29. Each names Lantern as payee and checks opposition, House NY-12, primary 2026. The filed dissemination and disbursement-or-obligation dates are different fields; their order is preserved below. These are reported independent expenditures, not independently verified bank settlements or receipts from a creator. [Amended return, pages 11–14](http[local research file]
| Transaction | PDF page | Filed purpose | USD | Dissemination | Disbursement or obligation |
|---|---|---|---|---|---|
SE.4218 |
11 | DIGITAL MEDIA PRODUCTION | 35,000.00 | 2026-03-01 | 2026-03-02 |
SE.4219 |
11 | DIGITAL MEDIA PLACEMENT | 171,136.11 | 2026-03-01 | 2026-03-02 |
SE.4220 |
12 | PRINT ADVERTISING | 111,136.11 | 2026-03-01 | 2026-03-02 |
SE.4221 |
13 | TEXTING | 50,000.00 | 2026-03-12 | 2026-03-11 |
SE.4222 |
13 | DIGITAL ADVERTISING / PRODUCTION | 256,691.67 | 2026-03-15 | 2026-03-16 |
SE.4223 |
14 | PRINT ADVERTISING | 83,799.29 | 2026-03-14 | 2026-03-16 |
SE.4224 |
14 | CABLE ADVERTISING / PRODUCTION | 79,641.11 | 2026-03-30 | 2026-03-27 |
The same Schedule E includes $277,827.78 for digital placement supporting Jesse Jackson Jr (SE.4217, p12). That is excluded from the Bores total. Together they reconcile to March independent expenditures of $1,065,232.07. These are the ordinary return's rows, not rapid notices added onto an ordinary return.
Schedule B pages 7–9 separately report $215,037 of operating disbursements to Lantern: polling $121,500; research $13,500; management consulting $15,012; strategy consulting $20,025; political strategy consulting $25,000; media production $20,000. The candidate fields are blank; several rows carry an “Other 2025” election label despite March 2026 disbursement dates. The record does not allocate all this work to Bores. A separate $30,976 direct disbursement to Manhattan Strategies makes total operating spending $246,013; it does not establish that firm as Lantern's subcontractor. Operating plus independent expenditures reconcile to the return's $1,311,245.07 total disbursements. These partitions are not additional flows to add onto that total.
Funding is also not an earmark. Think Big's 2025 year-end receipt pages disclose $500,000 from Ronald Conway on October 21 and $5 million from LTF on December 15. Its first reported Lantern expenditure on December 10 predates that December LTF receipt. Accordingly, even the record's short payment route cannot justify assigning every early ad to that particular transfer or to one LTF donor. This pass uses the February contribution followed by the March operation and makes no exact-dollar tracing claim. [Year-end return, pp2,6–8](http[local research file]
The amendment is consequential
The original April 20 return left the $13,500 Lantern purpose blank and used “political consulting” for a $25,000 item. The FEC's April 26 request asked for the missing purpose and a clearer description. The May 20 amendment supplies research and political strategy consulting respectively. The March expense amounts and selected Schedule E rows are unchanged. The public index shows this amendment; the original must not be presented as the current uncorrected disclosure. The request concerns those two reporting descriptions, not a Commission finding about vendor ownership or unlawful concealment. [Original](http[local research file] [FEC request](http[local research file] [filing index](http[local research file]
What the operation was trying to do
City & State's January 26 report records Josh Vlasto, working with both LTF and Think Big, criticizing Bores' state AI approach and advocating national solutions. It also records the campaign's dispute over the ads' ICE/Palantir claims. This is an attributable account of the policy conflict, not evidence that those attack allegations were true. The original linked December YouTube page yielded only the title Alex Bores is Wrong for AI & Wrong for Congress. No video or transcript was reviewed and no particular March row was matched to that creative. No claim here establishes which March ad wording aired. [City & State](http[local research file] [linked original page, metadata only](http[local research file]
The strongest new result therefore concerns purchased electoral capacity and service types. It does not close the retained Build American AI → SM4 → creator-prospect offer-only route. Public First Action remains a different entity with a different funding instrument; no inference here moves Anthropic's restricted gift into election spending.
The holder frontier, with rival explanations
The May 5 CLC/Gonsalves-Brown complaint alleges that Think Big used Lantern to obscure ultimate providers. The inspected passage derives its expenditure case from FEC records; it is not an independent payment witness. Its ownership, exclusivity, lack of arm's-length dealing and unlawful-concealment conclusions remain complainant allegations and inferences, not findings adopted by this pass. Its all-period totals were not recomputed or integrated. Read pp7–11 and 15–18; the other case, exhibits and complete current enforcement docket were not reviewed. [Complaint](http[local research file]
A general contractor may coordinate media, polling and consultants under an ordinary commercial agreement. Alternatively, a vendor may be integrated with a campaign and function mainly as a payment intermediary. The contract, actual personnel overlap and subvendor instructions discriminate those explanations. The FEC's historical Advisory Opinion 1983-25 permitted less detailed reporting for the specific separately operated, arms-length media arrangement described there, with attention to other clients and independent principals. This does not decide Lantern's legal status; it explains why vendor concentration alone is insufficient. [Official opinion, pp2–3](http[local research file]
Stop here: the specific next record is Think Big/Lantern's executed March agreement and invoice/placement bundle keyed to SE.4218–SE.4224 (excluding SE.4217). It should identify the commissioned creative, media placement orders, actual producers and approval rights, with a subvendor ledger to reconcile net fees against pass-through costs. Think Big and Lantern are the identified holders; a publicly released station order tied to one transaction could reopen a smaller part of the route. No holder request was sent. A shell-company accusation, complete creator fee or policy-effect claim cannot replace those records.
Custody and integration
opposing-candidate.json contains five proposed edges, four new nodes, one holder lead, source scopes, local capture hashes and the seven-row extraction. Candidate source w3-opp-s-ltf-q1 aliases retained src-6460d3b558f5; contribution edge w3-opp-e-ltf-thinkbig is a subset of retained e147. Existing ltf, buildai, sm4, pitchcreator and publicfirst remain distinct and are not recreated. No existing Think Big, Lantern or Bores node was found by label/ID scan of r6.
Text and rendered-page files derive from the corresponding PDFs and are not extra independent sources. The complaint's cited FEC originals, its appendix-based claims, and summaries of that complaint share ancestry. The June17 notice was read for initial vendor discovery but was not added to the March operation. The committee indices were used to locate amendments, not as independent corroboration of transaction amounts. The source packet's original and amended March forms are versions of the same return. No full-cycle spend total, no complete source coverage and no private contract access is claimed.