Nonprofit · EIN 52-1629221
THE THIRD WAY FOUNDATION INC
Tax-exempt · WASHINGTON, DC 20036
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $11,297,128 | $9,504,109 | $1,793,019 | $19,669,841 | $4,794 | $19,665,047 |
| December 31, 2024 | 990 | $11,097,849 | $10,900,240 | $197,609 | $19,110,224 | $2,526,573 | $16,583,651 |
| December 31, 2023 | 990 | $9,169,792 | $7,637,914 | $1,531,878 | $18,305,774 | $2,610,404 | $15,695,370 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $9,396,273
- Program service revenue
- $0
- Investment income
- $1,693,496
- Net gain from sales of assets
- $1,174,924
- Other revenue
- $207,359
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $776,000
- Other salaries and wages
- $2,782,559
- Salaries, compensation and benefits (total)
- $6,665,456
- Professional fundraising fees
- $0
- Legal fees
- $55,875
- Occupancy
- $679,814
- Travel
- $612,738
- Program services (functional)
- $9,280,649
- Management and general (functional)
- $223,460
Balance sheet and other
- Total assets, start of year
- $19,110,224
- Total assets, end of year
- $19,669,841
- Total liabilities, end of year
- $4,794
- Net assets, end of year
- $19,665,047
- Land, buildings and equipment
- $12,103
- Publicly traded securities
- $14,919,574
- Net assets without donor restrictions
- $19,665,047
- Gross receipts
- $13,852,359
- Employees
- 52
- Volunteers
- 9
- Year formed
- 1989
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Lindsay Lewis | Executive Director Trustee or director, Officer | 40 | $387,000 | $34,742 |
| Will Marshall | President Trustee or director, Officer | 40 | $330,000 | $31,277 |
| Bruno Manno | Senior Advisor Highest-paid employee | 40 | $293,843 | $29,168 |
| Michael Mandel | Chief Economist Highest-paid employee | 40 | $240,000 | $26,027 |
| Diana Moss | Vice President Highest-paid employee | 40 | $240,000 | $26,027 |
| Edward Gresser | VP of Trade & Global Markets Highest-paid employee | 40 | $219,000 | $27,357 |
| Benjamin Ritz | VP of Policy Development Highest-paid employee | 40 | $193,333 | $25,560 |
| Paul Weinstein | Senior Fellow Trustee or director, Officer | 2 | $59,000 | $0 |
| Chris Kelly | Director Trustee or director | 2 | $0 | $0 |
| Brodi Fontenot | Director Trustee or director | 2 | $0 | $0 |
| Bernie McKay | Director Trustee or director | 2 | $0 | $0 |
| Liz Boyer | Director Trustee or director | 2 | $0 | $0 |
| Aimiee Troyen | Director Trustee or director | 2 | $0 | $0 |
| Robin Lake | Director Trustee or director | 2 | $0 | $0 |
| Jon Adelson | Director Trustee or director | 2 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Bill Buddinger | Director Trustee or director | 2 | $0 |
| Laurel Britton | Director Trustee or director | 2 | $0 |
990 for the year ended December 31, 2024: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| WILLIAM MARSHALL | PRESIDENT Trustee or director, Officer | 40 | $1,085,908 | $33,833 |
| LINDSAY LEWIS | EXECUTIVE DI Trustee or director, Officer | 40 | $297,600 | $37,729 |
| MICHAEL MANDEL | CHIEF ECONOM Highest-paid employee | 40 | $240,000 | $33,665 |
| DIANA MOSS | VICE PRESIDE Highest-paid employee | 40 | $240,000 | $33,665 |
| EDWARD GRESSER | VICE PRESIDE Highest-paid employee | 40 | $219,000 | $32,195 |
| BENJAMIN RITZ | DIRECTOR Highest-paid employee | 40 | $174,167 | $29,056 |
| BRUNO MANNO | SENIOR ADVIS Highest-paid employee | 40 | $171,408 | $28,863 |
| JOHNATHAN ADELSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ELIZABETH BOWYER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| WILLIAM BUDINGER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BRODI FONTENOT | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BILL GALSTON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| PAUL WEINSTEIN JR | SECRETARY/TR Trustee or director, Officer | 2 | $0 | $0 |
| CHRIS KELLY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ROBIN LAKE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BERNIE MCKAY | DIRECTOR Trustee or director | 2 | $0 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LINDSAY MARK LEWIS | EXECUTIVE DIRECTOR Officer | 40 | $294,567 |
| WILLIAM MARSHALL | PRESIDENT Officer | 40 | $255,000 |
| MICHAEL MANDEL | CHIEF ECONOMIST Key employee | 40 | $240,000 |
| EDWARD GRESSER | VICE PRESIDENT Officer | 40 | $219,000 |
| BENJAMIN A RITZ | DIRECTOR Trustee or director | 40 | $152,500 |
| SARAH PADEN | VICE PRESIDENT Officer | 40 | $142,076 |
| TRESSA A PANKOVITS | CO-DIRECTOR Highest-paid employee | 40 | $135,507 |
| CURTIS VALENTINE | CO-DIRECTOR Highest-paid employee | 40 | $135,507 |
| STEVEN NEELY BROWN | DIRECTOR Highest-paid employee | 40 | $125,500 |
| STUART MALEC | DIRECTOR Trustee or director | 40 | $123,931 |
| DIANA MOSS | VICE PRESIDENT Trustee or director | 40 | $77,500 |
| PAUL WEINSTEIN JR | DIRECTOR Trustee or director | 2 | $0 |
| BILL BUDINGER | DIRECTOR Trustee or director | 2 | $0 |
| CHRIS KELLY | DIRECTOR Trustee or director | 2 | $0 |
| WILLIAM GALSTON | DIRECTOR Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 1919 M STREET NW, WASHINGTON, DC 20036-3521
- In care of
- % LINDSAY LEWIS
- Principal officer (990 for 2025)
- Lindsay Lewis, 1919 M Street NW Ste 300, Washington, DC 20036
- Signed the 990
- LINDSAY LEWIS, Executive Director
- Phone
- (202) 525-3926
- Website
- www.progressivepolicy.org
- Return prepared by
- Mullins PC
Mission
To advance the cause of progressive government in America by promoting civic responsibility and public entrepreneurship.
Program accomplishments
- Research study of public policy solutions to a broad array of democratic policy concerns.Expenses $9,280,649
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 | 990 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
- 52-1629221
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1989
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $19,669,841
- Income (IRS master file)
- $13,852,359
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $11,297,128 | $9,504,109 | $19,669,841 | IRS |
| 990 | December 2024 | $11,097,849 | $10,900,240 | $19,110,224 | XML |
| 990 | December 2023 | $9,169,792 | $7,637,914 | $18,305,774 | XML |
| 990 | December 2022 | $7,340,480 | $6,197,734 | $13,009,369 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 52-1629221).
Questions about THE THIRD WAY FOUNDATION INC
- What is the EIN of THE THIRD WAY FOUNDATION INC?
- The employer identification number (EIN) of THE THIRD WAY FOUNDATION INC is 52-1629221.
- Is THE THIRD WAY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1989.
- Are donations to THE THIRD WAY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE THIRD WAY FOUNDATION INC 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 THE THIRD WAY FOUNDATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE THIRD WAY FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of THE THIRD WAY FOUNDATION INC?
- The 990 for the year ended December 31, 2025 names Lindsay Lewis.
- Who are the officers and directors of THE THIRD WAY FOUNDATION INC?
- The 990 for the year ended December 31, 2025 lists 17 people; 8 received compensation from the organization, the highest $387,000 (Lindsay Lewis, Executive Director).
- How much revenue does THE THIRD WAY FOUNDATION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $11,297,128, expenses of $9,504,109 and total assets of $19,669,841 at year end.
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