Nonprofit · EIN 20-1734070
THIRD WAY
Tax-exempt · WASHINGTON, DC 20036
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $31,698,898 | $24,538,373 | $7,160,525 | $65,953,090 | $7,228,492 | $58,724,598 |
| December 31, 2023 | 990 | $27,152,185 | $21,266,704 | $5,885,481 | $57,624,634 | $7,593,420 | $50,031,214 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $29,460,953
- Membership dues
- $2,866,499
- Program service revenue
- $0
- Investment income
- $2,237,945
- Net gain from sales of assets
- $152,148
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $1,681,500
- Compensation of officers, directors and key employees
- $1,404,257
- Other salaries and wages
- $8,263,087
- Salaries, compensation and benefits (total)
- $11,512,858
- Professional fundraising fees
- $140,900
- Legal fees
- $262,196
- Accounting fees
- $119,867
- Occupancy
- $638,875
- Travel
- $17,049
- Depreciation
- $274,376
- Program services (functional)
- $21,516,141
- Management and general (functional)
- $2,489,527
- Fundraising (functional)
- $532,705
Balance sheet and other
- Total assets, start of year
- $57,624,634
- Total assets, end of year
- $65,953,090
- Total liabilities, end of year
- $7,228,492
- Net assets, end of year
- $58,724,598
- Land, buildings and equipment
- $1,548,296
- Publicly traded securities
- $23,553,974
- Net assets without donor restrictions
- $58,697,462
- Net assets with donor restrictions
- $27,136
- Gross receipts
- $60,561,784
- Employees
- 99
- Volunteers
- 34
- Year formed
- 2004
- State of legal domicile
- DC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JONATHAN COWAN | PRESIDENT AND CEO Trustee or director, Officer | 36 | $413,118 | $41,470 |
| JAMES KESSLER | EXE. VP OF POLICY Key employee | 40 | $377,021 | $43,952 |
| MATTHEW BENNETT SECRETARY AND | EXE. VP OF PUBLIC AFFAIRS Officer | 38 | $379,453 | $41,140 |
| JOSHUA FREED SENIOR VP | OF CLEAN ENERGY Highest-paid employee | 40 | $294,687 | $38,121 |
| GABRIEL A HORWITZ SENIOR | VP OF ECON PROGRAM Highest-paid employee | 40 | $296,343 | $29,387 |
| LANAE M ERICKSON SR VP FOR | SOCIAL POLICY & POLITICS Highest-paid employee | 40 | $299,942 | $18,352 |
| EMILY STERNFELD SENIOR VP | OF DEV. & EXTERNAL AFFAIRS Highest-paid employee | 40 | $230,542 | $28,809 |
| XIAVIAN ROMMELL BROWN | SENIOR DIRECTOR Highest-paid employee | 40 | $178,811 | $12,485 |
| STEVE J DIETERLE CFO | BOARD TREASURER Officer | 38 | $181,205 | $7,215 |
| JOHN L VOGELSTEIN | CHAIR EMERITUS Trustee or director, Officer | 3 | $0 | $0 |
| RACHEL PRITZKER | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| GEORGETTE BENNETT | TRUSTEE Trustee or director | 2 | $0 | $0 |
| WILLIAM BUDINGER | TRUSTEE Trustee or director | 2 | $0 | $0 |
| DAVID COULTER | TRUSTEE Trustee or director | 2 | $0 | $0 |
| WILLIAM DALEY | TRUSTEE Trustee or director | 2 | $0 | $0 |
28 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN DYSON | TRUSTEE Trustee or director | 2 | $0 |
| MIKE EDWARDS | TRUSTEE Trustee or director | 2 | $0 |
| BRIAN FRANK | TRUSTEE Trustee or director | 2 | $0 |
| DAVID HELLER | TRUSTEE Trustee or director | 2 | $0 |
| PETER JOSEPH | TRUSTEE Trustee or director | 2 | $0 |
| DEREK KAUFMAN | TRUSTEE Trustee or director | 2 | $0 |
| DEREK KIRKLAND | TRUSTEE Trustee or director | 2 | $0 |
| DANIEL LEWIS | TRUSTEE UNTIL DECEMBER Trustee or director | 2 | $0 |
| THURGOOD MARSHALL JR | TRUSTEE Trustee or director | 2 | $0 |
| SUSAN MCCUE | TRUSTEE Trustee or director | 2 | $0 |
| DAVID HORVITZ | TRUSTEE Trustee or director | 2 | $0 |
| WILLIAM REEVES | TRUSTEE UNTIL DECEMBER Trustee or director | 2 | $0 |
| BERNARD SCHWARTZ | TRUSTEE UNTIL FEBRUARY Trustee or director | 2 | $0 |
| ALIX BURNS | TRUSTEE Trustee or director | 2 | $0 |
| CHRISTINE VARNEY | TRUSTEE Trustee or director | 2 | $0 |
| MARC SPILKER | TRUSTEE Trustee or director | 2 | $0 |
| TED TRIMPA | TRUSTEE Trustee or director | 2 | $0 |
| BARBARA MANFREY VOGELSTEIN | TRUSTEE Trustee or director | 2 | $0 |
| DOUGLAS LAWRENCE | TRUSTEE Trustee or director | 2 | $0 |
| JOSEPH ZIMLICH | TRUSTEE Trustee or director | 2 | $0 |
| BOB GOODMAN | TRUSTEE Trustee or director | 2 | $0 |
| RAY ROTHROCK | TRUSTEE Trustee or director | 2 | $0 |
| STEVEN GALBRAITH | TRUSTEE Trustee or director | 2 | $0 |
| ALISON KAY | TRUSTEE Trustee or director | 2 | $0 |
| GRAVES TOMPKINS | TRUSTEE Trustee or director | 2 | $0 |
| RAJ DATE | TRUSTEE Trustee or director | 2 | $0 |
| STRAUSS ZELNICK | TRUSTEE Trustee or director | 2 | $0 |
| JOYCE ABOUSSIE | TRUSTEE AS OF JUNE Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 46 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JONATHAN COWAN | PRESIDENT Trustee or director, Officer | 36 | $413,528 | $38,950 |
| MATTHEW BENNETT SECRETARY AND | EXE. VP OF PUBLIC AFFAIRS Officer | 38 | $379,363 | $44,808 |
| JAMES KESSLER | EXE. VP OF POLICY Key employee | 40 | $377,318 | $44,341 |
| JOSHUA FREED | SVP, CLEAN ENERGY Highest-paid employee | 40 | $295,072 | $40,202 |
| GABRIEL A HORWITZ | SVP, ECON PROGRAM Highest-paid employee | 40 | $296,335 | $31,494 |
| LANAE M ERICKSON SR VP FOR | SOCIAL POLICY & POLITICS Highest-paid employee | 40 | $299,964 | $20,543 |
| BRENDA BETHEA TREASURER COO | UNTIL APRIL, THEN CONSULTANT Officer | 38 | $252,701 | $11,195 |
| EMILY STERNFELD | SR. VP OF DEV. & EXTERNAL AFFAIRS Highest-paid employee | 40 | $215,814 | $25,619 |
| RYAN FITZPATRICK | SENIOR DIRECTOR Highest-paid employee | 40 | $173,675 | $14,869 |
| STEVE J DIETERLE CFO | BOARD TREASURER AS OF JUNE Officer | 38 | $175,594 | $7,755 |
| JOHN L VOGELSTEIN CHAIR | UNTIL JUNE, THEN CHAIR EMERITUS Trustee or director, Officer | 3 | $0 | $0 |
| RACHEL PRITZKER TRUSTEE | UNTIL JUNE, THEN CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| GEORGETTE BENNETT | TRUSTEE Trustee or director | 2 | $0 | $0 |
| WILLIAM BUDINGER | TRUSTEE Trustee or director | 2 | $0 | $0 |
| DAVID COULTER | TRUSTEE Trustee or director | 2 | $0 | $0 |
| WILLIAM DALEY | TRUSTEE Trustee or director | 2 | $0 | $0 |
| JOHN DYSON | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MIKE EDWARDS | TRUSTEE Trustee or director | 2 | $0 | $0 |
| BRIAN FRANK | TRUSTEE Trustee or director | 2 | $0 | $0 |
| DAVID HELLER | TRUSTEE Trustee or director | 2 | $0 | $0 |
| PETER JOSEPH | TRUSTEE Trustee or director | 2 | $0 | $0 |
| DEREK KAUFMAN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| DEREK KIRKLAND | TRUSTEE Trustee or director | 2 | $0 | $0 |
| DANIEL LEWIS | TRUSTEE Trustee or director | 2 | $0 | $0 |
| THURGOOD MARSHALL JR | TRUSTEE Trustee or director | 2 | $0 | $0 |
| SUSAN MCCUE | TRUSTEE Trustee or director | 2 | $0 | $0 |
| DAVID HORVITZ | TRUSTEE Trustee or director | 2 | $0 | $0 |
| WILLIAM REEVES | TRUSTEE Trustee or director | 2 | $0 | $0 |
| BERNARD SCHWARTZ | TRUSTEE Trustee or director | 2 | $0 | $0 |
| ALIX BURNS | TRUSTEE Trustee or director | 2 | $0 | $0 |
| CHRISTINE VARNEY | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MARC SPILKER | TRUSTEE Trustee or director | 2 | $0 | $0 |
| TED TRIMPA | TRUSTEE Trustee or director | 2 | $0 | $0 |
| BARBARA MANFREY VOGELSTEIN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| DOUGLAS LAWRENCE | TRUSTEE Trustee or director | 2 | $0 | $0 |
| JOSEPH ZIMLICH | TRUSTEE Trustee or director | 2 | $0 | $0 |
| BOB GOODMAN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| RAY ROTHROK | TRUSTEE Trustee or director | 2 | $0 | $0 |
| STEVEN GALBRAITH | TRUSTEE Trustee or director | 2 | $0 | $0 |
| ALISON KAY | TRUSTEE Trustee or director | 2 | $0 | $0 |
| GRAVES TOMPKINS | TRUSTEE Trustee or director | 2 | $0 | $0 |
| RAJ DATE | TRUSTEE AS OF JUNE Trustee or director | 2 | $0 | $0 |
| STRAUSS ZELNICK | TRUSTEE AS OF DECEMBER Trustee or director | 2 | $0 | $0 |
| STEVE BENJAMIN | TRUSTEE UNTIL DECEMBER Trustee or director | 2 | $0 | $0 |
| ANDREW FELDSTEIN | TRUSTEE UNTIL DECEMBER Trustee or director | 2 | $0 | $0 |
| ROBERT DYSON | TRUSTEE UNTIL DECEMBER Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1025 CONNECTICUT AVE NW STE 400, WASHINGTON, DC 20036-5423
- In care of
- % JONATHAN COWAN
- Principal officer (990 for 2024)
- JONATHAN COWAN, 1025 CONNECTICUT AVE NW 400, WASHINGTON, DC 20036
- Signed the 990
- STEVE DIETERLE, CFO AND TREASURER
- Phone
- (202) 384-1700
- Website
- WWW.THIRDWAY.ORG
- Return prepared by
- JM&M
Mission
TO RESEARCH AND DEVELOP CENTRIST POLICY IDEAS.
Program accomplishments
- PLEASE NOTE THAT FOR THIS PROGRAM, AND FOR ALL OF THE ORGANIZATION'S PROGRAMS, ALL REPORTS DEVELOPED BY THIRD WAY ARE MADE AVAILABLE TO THE GENERAL PUBLIC THROUGH ITS WEBSITE: WWW.THIRDWAY.ORG.CLIMATE AND ENERGY:IN 2024, THIRD WAY'S CLIMATE AND ENERGY PROGRAM HELPED SOLIDIFY THE UNITED STATES' POSITION AS A GLOBAL LEADER IN CLEAN ENERGY INNOVATION AND DEPLOYMENT. THIRD WAY FOCUSED THEIR EFFORTS ON ADDRESSING DEPLOYMENT CHALLENGES, CLARIFYING THE ECONOMIC AND NATIONAL SECURITY BENEFITS OF CLEAN ENERGY, AND SUPPORTING STRATEGIES THAT ACCELERATE PROGRESS. THIRD WAY'S WORK CENTERED ON THREE PRIORITIES: 1) EQUIPPING DECISION-MAKERS WITH DATA AND INSIGHT TO GUIDE THE ENERGY TRANSITION; 2) IDENTIFYING AND ADDRESSING NON-COST BARRIERS TO CLEAN ENERGY DEPLOYMENT; AND 3) INCREASING PUBLIC UNDERSTANDING OF THE BENEFITS OF CLEAN ENERGY.THIRD WAY BRIDGED GAPS IN THE CLEAN ENERGY ECONOMY BY PROVIDING STRATEGIC ANALYSIS AND SOLUTIONS. IN 2024 THIRD WAY'S TEAM:--DEVELOPED AN INTERACTIVE MAP HIGHLIGHTING JOB CREATION AND LOCAL INVESTMENT ACROSS 11 CLEAN ENERGY TECHNOLOGIES. THE TOOL ALSO FEATURED PROGRESS REPORTS ON TECHNOLOGY SUPPLY CHAINS TO HELP STAKEHOLDERS ASSESS AMERICA'S GLOBAL COMPETITIVENESS.--CONTINUED TO LEAD ON NUCLEAR ENERGY POLICY THROUGH RESEARCH IDENTIFYING GAPS IN WORKFORCE DEVELOPMENT, GLOBAL DEMAND TRENDS, AND NATIONAL SECURITY IMPLICATIONS. OUR FINDINGS INFORMED DISCUSSIONS AROUND MODERNIZING U.S. NUCLEAR INNOVATION AND DEPLOYMENT.--ANALYZED BARRIERS TO ELECTRIC VEHICLE DEPLOYMENT, INCLUDING INFRASTRUCTURE SHORTFALLS AND CONSUMER PERCEPTIONS, AND SHARED RECOMMENDATIONS FOR IMPROVING PUBLIC CHARGING PROGRAMS.--QUANTIFIED THE BENEFITS OF SUSTAINABLE AVIATION FUEL (SAF), CONTRIBUTING TO BROADER UNDERSTANDING OF ITS POTENTIAL TO REDUCE EMISSIONS AND IMPROVE AIR QUALITY IN U.S. COMMUNITIES.THIRD WAY PICKED UP THE PACE OF DEPLOYMENT BY REMOVING ROADBLOCKS AND STRENGTHENING IMPLEMENTATION PATHWAYS:--COORDINATED THE FIRST COMPREHENSIVE MODELING ANALYSIS OF BIPARTISAN PERMITTING REFORM PROPOSALS, PROVIDING KEY INFORMATION ABOUT THE TRADEOFFS OF THE ENERGY PERMITTING REFORM ACT.--CONDUCTED ANALYSIS ON PERMITTING CHALLENGES AND THEIR IMPLICATIONS FOR CLEAN ENERGY TIMELINES, OFFERING INSIGHTS THAT CAN GUIDE FUTURE PROPOSALS TO MODERNIZE REGULATORY PROCESSES.--ADVANCED WORK ON STRENGTHENING THE DOMESTIC NUCLEAR FUEL SUPPLY CHAIN, INCLUDING DETAILED ANALYSIS OF HIGH-ASSAY LOW-ENRICHED URANIUM (HALEU), NUCLEAR WASTE MANAGEMENT, AND FUEL CYCLE INFRASTRUCTURE.--SUPPORTED INTERNATIONAL COLLABORATION BY PROVIDING ANALYSIS ON THE BENEFITS OF U.S. CIVILIAN NUCLEAR DEPLOYMENT IN ALLIED COUNTRIES, FOCUSING ON OPPORTUNITIES IN EUROPE AND THE UNITED KINGDOM.--DEVELOPED EDUCATIONAL RESOURCES TO SUPPORT PUBLIC UNDERSTANDING OF CARBON DIOXIDE REMOVAL TECHNOLOGIES, WITH BEST PRACTICES FOR COMMUNITY ENGAGEMENT AND SITING.THIRD WAY SPREAD THE MESSAGE THAT CLEAN ENERGY IS AN ECONOMIC OPPORTUNITY FOR ALL AMERICANS:--CONDUCTED NATIONAL AND STATE-LEVEL SURVEYS TO EXAMINE HOW AMERICANS VIEW CLEAN ENERGY AMID RISING COSTS AND INFLATION. INSIGHTS FROM THIS RESEARCH HELPED INFORM MESSAGING STRATEGIES USED BY A RANGE OF PUBLIC AND PRIVATE STAKEHOLDERS.THIRD WAY EXPANDED THE COMMUNICATIONS REACH BY INCREASING PRESS MENTIONS OVER 30% FROM THE PREVIOUS YEAR AND MAINTAINING HIGH ENGAGEMENT RATES ACROSS OUR EMAIL, MEDIA, AND DIGITAL PLATFORMS.--PUBLISHED ACCESSIBLE, VISUAL TOOLS TO EXPLAIN THE CHALLENGES AND SOLUTIONS INVOLVED IN MODERNIZING THE ELECTRIC GRID, WITH A FOCUS ON ENSURING RELIABLE AND AFFORDABLE ELECTRICITY ACROSS THE COUNTRY.Expenses $12,742,201
- SOCIAL POLICY AND POLITICS:IN 2024, THIRD WAY'S SOCIAL POLICY, EDUCATION AND POLITICS TEAM FOCUSED ON THREE CORE AREAS: 1) DEFINING WHAT AMERICAN WANT FROM WASHINGTON; 2) CENTERING VALUE IN THE HIGHER EDUCATION DEBATE; AND 3) ADDRESSING THREATS ON SOCIAL ISSUES:DEFINING WHAT AMERICANS WANT FROM WASHINGTON: THIRD WAY'S POLITICS TEAM ANSWERED THIS QUESTION BY: --UTILIZING ELECTORAL DATA SOURCES INCLUDING THE CATALIST VOTER FILE, COOPERATIVE ELECTION STUDY, AND AP VOTECAST, TO DRAFT REPORTS ANALYZING AND EXPLAINING THE AMERICAN ELECTORATE AND DIFFERENCES IN OPINION, WORLDVIEW, AND VOTING BEHAVIOR ACROSS STATES AND DISTRICTS WITH A FOCUS ON KEY PRESIDENTIAL AND SENATE STATES AND BATTLEGROUND HOUSE DISTRICTS; --CONDUCTING QUALITATIVE AND QUANTITATIVE PUBLIC OPINION RESEARCH TO BETTER UNDERSTAND WHAT VOTERS PRIORITIZE, HOW THEY THINK ABOUT CURRENT ISSUES UNDER DISCUSSION IN THE ADMINISTRATION AND CONGRESS, AND WHAT THEY WANT FROM CANDIDATES AND POLICYMAKERS; --BUILDING A CASE AGAINST RUNNING A WELL-FINANCED THIRD-PARTY CANDIDATE IN THE 2024 PRESIDENTIAL ELECTION BY EMPLOYING HISTORICAL AND EMPIRICAL DATA TO SHOW THIS CANDIDATE WOULD HAVE NO PATH TO VICTORY AND COULD ONLY PLAY A ROLE AS A SPOILER FOR VOTERS; AND, --TRACKING HOW IDEOLOGICAL DIVERGENT CANDIDATES FARE IN PRIMARY AND GENERAL ELECTIONS IN 2024 TO CONTINUE YEARS OF WORK SHOWING AMERICANS CONTINUE TO GRAVITATE TO MAINSTREAM CANDIDATES OVER EXTREMISM.CENTERING VALUE IN THE HIGHER EDUCATION DEBATE: THIRD WAY'S EDUCATION TEAM CONTINUES TO LEAD A COORDINATED MOVEMENT TO CHANGE THE FEDERAL POLICY NARRATIVE ON HIGHER EDUCATION FROM COST TO RETURN ON INVESTMENT AND SOCIALIZE A SLATE OF ACTIONABLE, DEFENSIBLE SOLUTIONS TO IMPROVE POSTSECONDARY VALUE, QUALITY, AND ACCOUNTABILITY FOR STUDENTS AND TAXPAYERS. THIRD WAY ADVANCED THESE EFFORTS BY:--HOSTING THE PROGRAM'S LARGEST EVENT TO DATE, THE HIGHER ED VALUE SUMMIT, A CONFERENCE THAT BROUGHT TOGETHER EXPERTS IN THE FIELD, INCLUDING FORMER DEPARTMENT OF EDUCATION UNDER SECRETARY JAMES KVAAL AND OTHER NOTABLE INFLUENCERS, FOR A DAY OF LEARNING AND CONNECTION ON THE BIGGEST BARRIERS TO CENTERING VALUE IN THE INDUSTRY.--CONDUCTING LANDMARK PUBLIC OPINION RESEARCH ON HIGH SCHOOL STUDENTS, DEMONSTRATING THAT YOUNG AMERICANS STILL SEE VALUE IN PURSUING A COLLEGE DEGREE AND UNDERSTANDING THEIR BARRIERS TO THAT PURSUIT. --PUBLISHING THE FOURTH ANNUAL ECONOMIC MOBILITY INDEX, ALONG WITH A DEDICATED WEBSITE FOR OUR VALUE METRICS, TO CELEBRATE COLLEGES AND UNIVERSITIES THAT OPEN THEIR DOORS TO STUDENTS FROM LOW-INCOME BACKGROUNDS AND PRIORITIZE THEIR SUCCESS.--CHAMPIONING THE POSTSECONDARY STUDENT SUCCESS GRANT PROGRAM TO SUPPORT EVIDENCE-BASED COLLEGE RETENTION AND COMPLETION PROGRAMS AND MAKING THE CASE FOR MAKING THIS FUND PERMANENT.--WEIGHING IN ON THE FORMATION OF A NEW COLLEGE ACCREDITOR AND HOW THEY'RE DEVELOPING THEIR ACCREDITING STANDARDS TO HOLD THEM ACCOUNTABLE TO THEIR ROLE IN THE PROCESS OF IMPROVING OUTCOMES FOR STUDENTS. --DEVELOPING POLICY IDEAS FOR IMPROVING THE GRADUATE STUDENT LENDING SYSTEM, WHICH CURRENTLY DRIVES OUR HIGH OUTSTANDING FEDERAL STUDENT DEBT AND TAKES ADVANTAGE OF UNRESTRICTED TAXPAYER DOLLARS.ADDRESSING THREATS ON SOCIAL ISSUES: THIRD WAY REMAINS COMMITTED TO ADDRESSING THREATS TO AMERICAN VALUES AND VULNERABLE POPULATIONS ON KEY SOCIAL AND CULTURAL ISSUES. THIRD WAY EMPLOYED VARIOUS TACTICS TO MAKE PROGRESS ON CRIME, IMMIGRATION, AND LGBT RIGHTS IN THE PAST YEAR. THIS INCLUDED:--CONDUCTING AND RELEASING PUBLIC OPINION RESEARCH WITH OUTSIDE PARTNERS ON VOTERS' PERCEPTIONS OF CRIME. --TESTIFYING AT A CONGRESSIONAL HEARING ON CRIME TO PUSH BACK ON THE NARRATIVE THAT CRIME IS RAMPANT IN STATES LIKE CALIFORNIA AND MINNESOTA DUE TO CRIMINAL JUSTICE REFORMS.--PUBLISHING AND PRESENTING PUBLIC OPINION RESEARCH ON VOTERS' PERCEPTIONS ON IMMIGRATION AND THE SENATE'S BIPARTISAN BORDER BILL. --RELEASING A SERIES OF MEMOS PUSHING BACK ON MISINFORMATION ON ISSUES RELATED TO IMMIGRATION LIKE MIGRANT CRIME, MASS DEPORTATION, NONCITIZEN VOTING, AND MORE.--EDUCATING LEGISLATORS ON THE TITLE IX CONGRESSIONAL REVIEW ACT (CRA) VOTE AND HOW IT WOULD MAKE STUDENTS LESS SAFE.Expenses $5,014,692 · grants $1,425,500
- ECONOMICS PROGRAM:IN 2024, THIRD WAY'S ECONOMIC PROGRAM FOCUSED ON THREE CORE AREAS: 1) MAKING THE MIDDLE CLASS MORE AFFORDABLE AND ATTAINABLE FOR NON-COLLEGE EDUCATED WORKERS; 2) STRENGTHENING THE AFFORDABLE CARE ACT AND LOWERING HEALTH CARE COSTS; AND 3) EXPANDING ENTREPRENEURIAL OPPORTUNITY IN AMERICA.MAKING THE MIDDLE CLASS AFFORDABLE AND ATTAINABLE: THERE ARE TWO AMERICAS TODAY-ONE FOR THE COLLEGE EDUCATED AND ONE FOR THOSE WITHOUT FOUR-YEAR DEGREES. WORKERS IN THESE ECONOMIES ARE WORLDS APART-THE TYPE OF WORK THEY DO, HOW THEY RECEIVE THEIR PAY, WHEN THEY START THEIR WORKDAY, AND THE BENEFITS THEY GET FROM EMPLOYMENT ARE NIGHT AND DAY. MUCH MORE MUST BE DONE TO MAKE A MIDDLE-CLASS LIFE MORE AFFORDABLE AND ATTAINABLE FOR ALL WORKERS-BUT ESPECIALLY THOSE WITHOUT A FOUR-YEAR COLLEGE DEGREE. WORK INCLUDED:--DEEP ANALYSIS OF THE NON-COLLEGE WORKFORCE, INCLUDING HOW THEY FARED OVER THE PANDEMIC, EXPERIENCES OF NON-COLLEGE VETERANS, ECONOMIC REALITIES OF NON-COLLEGE WOMEN, AND HOW WORK HAS SEPARATED BASED ON EDUCATION LEVEL.--RESEARCH INTO HOW ARTIFICIAL INTELLIGENCE IMPACTS THE ECONOMY, WORKFORCE, AND SMALL BUSINESSES.--ASSESSMENT OF HOW DIFFERENT POLICIES IMPACT ECONOMIC MOBILITY, INCLUDING PAID LEAVE AND POSTSECONDARY TRAINING.LOWERING HEALTH CARE COSTS: EVEN WITH THE IMMENSE SUCCESS OF THE AFFORDABLE CARE ACT (ACA), HEALTH CARE COSTS WILL CONTINUE TO RISE, MILLIONS CONTINUE TO BE UNINSURED OR UNDERINSURED, AND OVER 100 MILLION AMERICANS HAVE MEDICAL DEBT. FORTUNATELY, THE ACA PROVIDES A STRONG FOUNDATION TO BUILD UPON, AND THERE ARE NUMEROUS WAYS TO FINISH THE JOB THAT THE ACA STARTED AND MAKE HEALTH CARE AFFORDABLE AND ACCESSIBLE TO ALL. WORK INCLUDED:--ANALYSIS OF THE US HEALTH SYSTEM, INCLUDING HOW THE ACA IS HELPING TO PROTECT PATIENTS, WHY SOME HOSPITALS SUCCEED AND OTHERS DO NOT, AND HOW HOSPITALS ARE FINANCED THROUGHOUT THE COUNTRY.--SHOWING HOW TO LOWER COSTS BY MODERNIZING HOSPITALS, INCLUDING BANNING FACILITY FEES, IMPROVING CHARITY CARE, AND REFORMING INCENTIVES THAT ENCOURAGE CONSOLIDATION.--MAKING THE CASE ON HOW MEDICAL DEBT AFFECTS THE MIDDLE CLASS AND HOW TO REDUCE MEDICAL DEBT FOR MILLIONS ACROSS THE COUNTRY.EXPANDING ENTREPRENEURSHIP: STARTING A BUSINESS HAS ALWAYS BEEN A KEY PART OF THE AMERICAN DREAM. AND YET, ENTREPRENEURSHIP IN THIS COUNTRY IS EXCEPTIONALLY HARD. TWENTY-ONE PERCENT FAIL IN THEIR FIRST YEAR, AND ONLY 50% ARE STILL IN BUSINESS AFTER FIVE YEARS. MORE MUST BE DONE TO REMOVE BARRIERS TO STARTING AND SCALING BUSINESSES, ESPECIALLY FOR DISADVANTAGED COMMUNITIES. WORK INCLUDED:--EXTENSIVE RESEARCH UNPACKING WHO OWNS BUSINESSES IN AMERICA, HOW THOSE BUSINESSES ARE FARING, AND BARRIERS TO ENTREPRENEURSHIP.DEVELOPMENT OF POLICY IDEAS THAT WOULD MAKE IT EASIER FOR MORE PEOPLE TO START AND SCALE VENTURES, INCLUDING HOW TO TRIPLE THE NUMBER OF EXPORTERS, REFORM THE FEDERAL CONTRACTING SYSTEM, INCREASE CAPITAL ACCESS, AND HELP MORE PEOPLE TAKE THE FIRST STEP IN BUSINESS OWNERSHIP.Expenses $3,328,404 · grants $256,000
- NATIONAL SECURITY PROGRAM:IN 2024, THE NATIONAL SECURITY PROGRAM FOCUSED MOST EXCLUSIVELY ON ARTIFICIAL INTELLIGENCE, BOTH DOMESTICALLY AND AS IT RELATES TO CHINA. IT IS CLEAR NOW THAT AI IS THE NEW ARMS RACE AND THAT BOTH THE UNITED STATES AND CHINA ARE WELL AHEAD OF THE REST OF THE WORLD. EACH COUNTRY HAS A DIFFERENT MODEL ON HOW IT WILL DEVELOP AI AND EACH HAS GOALS ON HOW IT IS REGULATED IN DEPLOYED. US-CHINA ON AI AND THE POWER COMPETITION: MORE THAN EVER, THE US-CHINA COMPETITION WILL BE DECIDED BY DIGITAL TECHNOLOGY AND AI. THE NATIONAL SECURITY PROGRAM HIGHLIGHTED THE IMPORTANCE AND CHALLENGES THE US FACES WITH CHINA. --THE AI RACE WILL BE SHAPED BY THE VALUES EACH COUNTRY HOLDS. THIRD WAY DISSECTED THE MAJOR VALUES AMERICA AND CHINA BRING TO AI INNOVATION AND INFORMED POLICYMAKERS AND THE PUBLIC HOW IT MAY DETERMINE WHO WINS THE AI RACE. --IN THIRD WAY'S PAPER TITLED CLASH OF THE TECH TITANS, WE ARGUED TO THE PUBLIC AND POLICYMAKERS THAT THE FRONTLINES IN THE US-CHINA DIGITAL COMPETITION ARE THE COMPANIES. THIRD WAY EDUCATED THE PUBLIC ON WHAT EACH COMPANY DOES, HOW THEY COMPETE, AND THE THREAT THE CHINESE COMPANIES POSE TO NATIONAL SECURITY AND PRIVACY. --THIRD WAY'S PAPER CHINA'S NERVOUS NEIGHBORS EDUCATED POLICYMAKERS AND THE PUBLIC ON HOW AMERICA'S ALLIANCES ARE DEEP, BUT CHINA'S ARE TRANSACTIONAL. WHILE AMERICA'S NEIGHBORS ARE TRUE FRIENDS AND PARTNERS; CHINA'S NEIGHBORS ARE WARY AND NERVOUS. THIRD WAY EXPLAINED CHINA'S CAPABILITIES OF REPRESSION THROUGH AI, MASS SURVEILLANCE, RELENTLESS CENSORSHIP, AND AUTOMATED DISINFORMATION OPERATIONS THAT THREATEN GLOBAL FREEDOMS;--THIRD WAY MADE THE CASE THAT A DIGITAL PRO-DEMOCRACY MODEL IS NEEDED TO SET INTERNATIONAL NORMS AND STANDARDS TO COMPETE AGAINST THE ONGOING PROLIFERATION OF CHINA'S DIGITAL AUTOCRACY MODEL.ARTIFICIAL INTELLIGENCE: HOW SHOULD POLICY MAKERS VIEW ARTIFICIAL INTELLIGENCE A THREAT, AN OPPORTUNITY, BOTH? THIRD WAY EXPLORED BOTH ENDS OF THE SPECTRUM:--THIRD WAY EDUCATED POLICYMAKERS AND THE PUBLIC ON WHAT IS NEW IN ARTIFICIAL INTELLIGENCE AND ARGUED THAT COMPETITION IS GOOD. --THIRD WAY EXPLORED A NEW AI TOPIC CALLED AGENTIC AI AND EXPLORED THE RAMIFICATION FOR POLICYMAKERS.--SHOULD AI BE DEVELOPED IN A CLOSED OR OPEN MODEL? THIRD WAY ANALYZED THE PLUSSES AND MINUSES OF OPEN SOURCE AI TO HELP POLICYMAKERS BETTER UNDERSTAND THIS COMPLICATED AND TECHNICAL ISSUE. --THIRD WAY DRAFTED MANY OTHER PAPERS ON AI, HELD AND ATTENDED DINNERS FOR POLICYMAKERS AIMED AT EXPLORING THE CONTOURS OF AI, PARTICIPATED IN PANELS, AND MADE MANY MEDIA APPEARANCES.Expenses $430,844
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-1734070
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 2005
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Civil rights, social action and advocacy (R99)
- Assets (IRS master file)
- $65,953,090
- Income (IRS master file)
- $60,561,784
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $31,698,898 | $24,538,373 | $65,953,090 | IRS |
| 990 | December 2023 | $27,152,185 | $21,266,704 | $57,624,634 | XML |
| 990 | December 2022 | $27,422,767 | $23,095,434 | $48,609,569 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-1734070).
Questions about THIRD WAY
- What is the EIN of THIRD WAY?
- The employer identification number (EIN) of THIRD WAY is 20-1734070.
- Is THIRD WAY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2005.
- Are donations to THIRD WAY tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does THIRD WAY file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of THIRD WAY due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THIRD WAY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of THIRD WAY?
- The 990 for the year ended December 31, 2024 names JONATHAN COWAN.
- Who are the officers and directors of THIRD WAY?
- The 990 for the year ended December 31, 2024 lists 43 people; 9 received compensation from the organization, the highest $413,118 (JONATHAN COWAN, PRESIDENT AND CEO).
- How much revenue does THIRD WAY have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $31,698,898, expenses of $24,538,373 and total assets of $65,953,090 at year end.
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All nonprofits in WASHINGTON · District of Columbia · Civil rights, social action and advocacy