2017-05-15T09:05:34-05:00 2016-12-31 521853933 JONES MARESCA & MCQUADE PA 1730 RHODE ISLAND AVE NW SUITE 800 WASHINGTON DC 20036 990 2016-01-01 260535276 THIRD WAY INSTITUTE THIR 2023841700 1025 CONNECTICUT AVE NW SUITE 501 WASHINGTON DC 20036 JONATHAN COWAN PRESIDENT 2023841700 2017-05-11 1 DAVID JONES P01361002 2022963306 64.88.174.3 2017-05-11 10:05:55 ED P 6B3294020F42B9E559A00BBAECB87153F921F36C 3329A59942A13D2B5AFB6CFA21F0DBB4AA92CAB5 2016 2021-01-29 14:40:06Z JONATHAN COWAN 1025 CONNECTICUT AVE NW SUITE 501 WASHINGTON DC 20036 10234796 0 X N/A X 2006 DE TO SUPPORT CHARITABLE AND EDUCATIONAL ACTIVITIES THAT ADVANCE CENTRIST SOLUTIONS. 7 5 0 0 0 0 8240771 8576390 0 0 57325 354093 0 0 8298096 8930483 7519000 6995000 0 0 125459 122177 0 0 4209 67958 67239 7712417 7184416 585679 1746067 4413674 10749354 338553 4927622 4075121 5821732 X THIRD WAY INSTITUTE SUPPORTS CHARITABLE AND EDUCATIONAL ACTIVITIES THAT ADVANCE CENTRIST SOLUTIONS TO MAJOR ECONOMIC, NATIONAL SECURITY, ENERGY AND SOCIAL POLICY ISSUES. 0 0 7137536 6995000 THIRD WAY INSTITUTE AWARDED GRANTS ADDRESSING ECONOMIC, NATIONAL SECURITY, ENERGY AND SOCIAL POLICY ISSUES AND PROVIDED INSIGHT INTO THE BELIEFS AND POLICY PREFERENCES OF SELF-IDENTIFIED CENTRISTS. DURING 2016, THIRD WAY INSTITUTE MADE GRANTS TO SUPPORT THE DEVELOPMENT OF EDUCATIONAL MATERIALS AND EVENTS ON THE POLICY CHALLENGES FACED BY AMERICA. THE MATERIALS AND EVENTS FOCUSED ON A WIDE VARIETY OF POLICY ISSUES.CLEAN ENERGYIN 2016, THE INSTITUTE FUNDED A SERIES OF EXEMPT ACTIVITIES OF THIRD WAY'S CLEAN ENERGY PROGRAM, CONSISTENT WITH THE MASTER EDUCATIONAL GRANT AGREEMENT. THESE INCLUDED:1. NUCLEAR POWER: THIRD WAY'S EXEMPT WORK HELPED TO ADVANCE IDEAS TO ACCELERATE NUCLEAR INNOVATION IN THE UNITED STATES. THIRD WAY PRODUCED A SERIES OF PAPERS AND REPORTS TO EDUCATE THE PUBLIC AND KEY STAKEHOLDERS ON WHY ADVANCED NUCLEAR TECHNOLOGY MUST BE A CRITICAL COMPONENT OF OUR NATION'S RESPONSE TO CLIMATE CHANGE. THE PROGRAM ALSO CONDUCTED A COMPREHENSIVE STUDY ON THE COST OF CONTINUED OPERATION OF THE EXISTING NUCLEAR FLEET, AS COMPARED TO OTHER EMISSIONS-REDUCTION STRATEGIES, AND IT DEVELOPED A COALITION OF LIKE-MINDED GROUPS TO HELP AMPLIFY AND SPREAD OUR IDEAS.2. CARBON CAPTURE AND SEQUESTRATION: THIRD WAY ISSUED A SERIES OF PAPERS AND REPORTS THAT EXPLAINED AND ENCOURAGED THE DEVELOPMENT OF TECHNOLOGIES THAT DECARBONIZE FOSSIL FUELS, PARTICULARLY COAL AND NATURAL GAS. THE MOST PROMISING IS CARBON CAPTURE AND SEQUESTRATION. THE PROGRAM'S REPORT, "LET'S GET SERIOUS ABOUT CCS," EXPLAINED BOTH THE PROMISE AND THE CHALLENGES FACING THIS RELATIVELY NASCENT TECHNOLOGY.ECONOMICSIN 2016, THE INSTITUTE FUNDED A SERIES OF EXEMPT ACTIVITIES OF THIRD WAY'S ECONOMICS PROGRAM, CONSISTENT WITH THE MASTER EDUCATIONAL GRANT AGREEMENT. THESE INCLUDED:1. ECONOMIC GROWTH: THE ECONOMIC PROGRAM DEVELOPED A SERIES OF EDUCATIONAL PRODUCTS AROUND POLICIES THAT ENSURE THE MIDDLE CLASS CAN SUCCEED IN A VASTLY NEW ECONOMIC ERA WITH MORE SKILLS, MORE JOBS, AND MORE WEALTH. ITS WORK INCLUDED ANALYSES AROUND THE REDUCTION OF HEALTH CARE COSTS, PRO-GROWTH AND PROGRESSIVE TAX REFORM, THE IMPACT OF TRADE ON MIDDLE CLASS OPPORTUNITY, INCREASED RETIREMENT SECURITY, AND WORKFORCE DEVELOPMENT.2. 21ST CENTURY ECONOMIC AGENDA: AS AN OUTGROWTH OF THE WORK NOTED ABOVE, THIRD WAY DEVELOPED DETAILED, INDIVIDUAL REPORTS ON A NUMBER OF POLICIES, SUCH AS THE IMPACT OF A REGIONAL MINIMUM WAGE BASED ON COST OF LIVING, INNOVATIVE WAYS TO BOOST SMALL BUSINESS EXPORTS TO FAST-GROWING FOREIGN MARKETS, A PHASED LEAVE PROGRAM FOR NEW PARENTS, A NATIONAL SKILLS DEVELOPMENT PROGRAM THAT INCREASES TRAINING AND RETRAINING VIABILITY, AND WAYS TO STREAMLINE THE CERTIFICATION PROCESS FOR U.S. VETERANS LOOKING TO TRANSITION TO JOBS ONCE THEY DEPART THE MILITARY.NATIONAL SECURITY PROGRAMIN 2016, THE INSTITUTE FUNDED A SERIES OF EXEMPT ACTIVITIES OF THIRD WAY'S NATIONAL SECURITY PROGRAM, CONSISTENT WITH THE MASTER EDUCATIONAL GRANT AGREEMENT. THESE INCLUDED:1. IRAN: THIRD WAY ISSUED POLICY PAPERS ON HOW BEST TO CONFRONT IRAN OVER ITS NUCLEAR WEAPONS AMBITIONS.2. COUNTERTERRORISM: THIRD WAY DEVELOPED A NARRATIVE FRAMEWORK TO EXPLAIN THE OBAMA ADMINISTRATION'S COUNTERTERRORISM POLICY TO PROVIDE COHERENCE TO THE DISPARATE TACTICS PURSUED OVER THE PAST EIGHT YEARS. THE INFOGRAPHIC "NARROWING THE TERRORISTS DESTRUCTIVE CAPABILITY IN THE US" PROVIDED A FRAMEWORK FOR EXPLAINING THE OBAMA ADMINISTRATION'S APPROACH OF CONSTRICTING TERRORISTS TO EVER SMALLER DESTRUCTIVE IMPACTS, FROM REMOVING THEIR ACCESS TO NUCLEAR AND CHEMICAL WEAPONS, DESTROYING THEIR SAFE HAVENS, AND DISRUPTING THEIR NETWORKS.3. THIRD WAY'S NATIONAL SECURITY PROGRAM HAS TAKEN A LEADING ROLE IN EFFORTS TO REFORM ELECTRONIC SURVEILLANCE STATUTES ALONG A BALANCED APPROACH. IT PRODUCED "BEYOND PRIVACY AND SECURITY: THE ROLE OF THE US TELECOMMUNICATIONS INDUSTRY IN ELECTRONIC SURVEILLANCE REFORM AND "WHY ELECTRONIC SURVEILLANCE REFORM IS NECESSARY", WHICH WAS CO-PUBLISHED BY THE BROOKINGS INSTITUTION AND THIRD WAY.SOCIAL POLICY AND POLITICSIN 2016, THE INSTITUTE FUNDED A SERIES OF EXEMPT ACTIVITIES OF THIRD WAY'S SOCIAL POLICY AND POLITICS PROGRAM, CONSISTENT WITH THE MASTER EDUCATIONAL GRANT AGREEMENT. THESE INCLUDED:1. HIGHER EDUCATION: THIRD WAY RELEASED A SERIES OF MAJOR REPORTS ON THE COLLEGE QUALITY AND COMPLETION CRISIS THAT FOCUSED ON HOW TO USE TAXPAYER INVESTMENTS IN HIGHER EDUCATION TO ACHIEVE BETTER OUTCOMES FOR STUDENTS. THE PROGRAM ALSO WORKED WITH THE GATES FOUNDATION TO CONDUCT A MOVEMENT ANALYSIS OF THE MAJOR PLAYERS IN THE HIGHER EDUCATION REFORM SPACE AND CHART OUT A PATH TO SIGNIFICANTLY INCREASE THEIR IMPACT OVER THE NEXT THREE TO FIVE YEARS. 2. MARIJUANA REFORM: THIRD WAY RELEASED A MAJOR REPORT REVIEWING STATE LAWS THAT HAVE LEGALIZED MARIJUANA FOR MEDICAL OR RECREATIONAL USE AND INVESTIGATING HOW WELL EACH WAS PROTECTING FEDERAL INTERESTS. THE REPORT NOTED THAT NO STATE IS SUFFICIENTLY PROTECTING ALL OF THE INTERESTS AT PLAY, AND EACH HAS SIGNIFICANT HOLES IN ITS REGULATORY SYSTEM. 7137536 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X THE ORGANIZATION 2023841700 1025 CONNECTICUT AVE NW SUITE 501 WASHINGTON DC 20036 JONATHAN COWAN PRESIDENT 4.00 42.00 X X 33996 320188 17808 NANCY HALE TREASURER 2.00 40.00 X X 15454 292293 20722 JACQUIE LAWING EBERT DIRECTOR 2.00 X 0 0 0 DAVID HELLER DIRECTOR 2.00 2.00 X 0 0 0 ROGAN KERSH DIRECTOR 2.00 X 0 0 0 THURGOOD MARSHALL JR DIRECTOR 2.00 2.00 X 0 0 0 HOWARD ROSSMAN DIRECTOR 2.00 2.00 X 0 0 0 MATTHEW BENNETT SECRETARY 2.00 40.00 X 15454 291961 28791 64904 904442 67321 0 0 1 0 0 8576390 98287 8576390 65123 65123 1593283 1304313 288970 288970 288970 8930483 0 0 354093 6995000 6995000 64094 53024 9950 1120 39097 37495 49 1553 18986 16654 1840 492 1320 1320 7200 7200 17928 17928 3816 2928 801 87 33608 29481 3257 870 3367 2954 326 87 7184416 7137536 42671 4209 9583 1384583 1101408 6226755 526000 25000 86 317 2774374 3109575 2223 3124 4413674 10749354 338553 86622 4841000 338553 4927622 X 4075121 5821732 4075121 5821732 4413674 10749354 1746067 544 0 X X 0 1 X 1 0 X 5468852 6845064 8334750 8240771 8576390 37465827 5468852 6845064 8334750 8240771 8576390 37465827 13090315 24375512 2083 1445 16261 57325 65123 142237 37608064 0.64810 0.67020 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7162280 7162280 508114 127029 0 0 443551 437925 533163 508114 1922753 2884130 110888 109481 133291 127029 480689 721034 0 X 8913099 544 544 8912555 17928 17928 8930483 7166488 0 7166488 17928 17928 7184416 PART X, LINE 2: THE ORGANIZATION BELIEVES IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS OR THAT WOULD HAVE AN EFFECT ON ITS TAX-EXEMPT STATUS. THERE ARE NO UNRECOGNIZED TAX BENEFITS OR LIABILITIES THAT NEED TO BE RECORDED. 1 THIRD WAY 1025 CONNECTICUT AVENUE SUITE 501 WASHINGTON DC 20036 201734070 501(C)(4) 6995000 SUPPORT CHARITABLE AND EDUCATIONAL ACTIVITIES RELATED TO ECONOMIC, NATIONAL SECURITY, ENERGY AND SOCIAL POLICY ISSUES AND PROVIDE INSIGHT INTO THE BELIEFS AND POLICY PREFERENCES OF SELF-IDENTIFIED MODERATES. 1 PART I, LINE 2: ALL GRANTS, SUCH AS THOSE MADE BY THIRD WAY INSTITUTE TO THIRD WAY (GRANT RECIPIENT) IN 2016 MUST COMPLY WITH THE FOLLOWING RESTRICTIONS (A) THE GRANT RECIPIENT CAN ONLY USE THE GRANT FUNDS FOR CHARITABLE AND EDUCATIONAL ACTIVITIES, AS DEFINED IN SECTION 501(C)(3) OF THE CODE NO FUNDS MAY BE USED FOR ANY OTHER PURPOSE (B) GRANT FUNDS SHALL NOT BE USED FOR ANY ACTIVITY CONSIDERED TO BE LOBBYING UNDER SECTION 4911 AND 501(H) OF THE CODE (C) GRANT FUNDS SHALL NOT BE USED TO SUPPORT OR OPPOSE ANY CANDIDATE SEEKING ELECTION TO PUBLIC OFFICE, OR PROVIDE A BENEFIT TO ANY POLITICAL PARTY OR CANDIDATE (D) IN ADDITION, THE GRANT RECIPIENT MUST PROVIDE THIRD WAY INSTITUTE WITH DETAILED SEMI-ANNUAL REPORTS ON HOW THE GRANT FUNDS WERE USED, DEMONSTRATING THAT THE FUNDS WERE ONLY USED FOR THE CHARITABLE AND EDUCATIONAL PURPOSES APPROVED IN THE ORIGINAL GRANT PROPOSALS. 0 0 0 0 0 0 0 0 0 JONATHAN COWAN PRESIDENT 33996 319262 0 0 0 926 0 10600 641 6567 34637 337355 0 0 NANCY HALE TREASURER 15454 291789 0 0 0 504 0 10600 485 9637 15939 312530 0 0 MATTHEW BENNETT SECRETARY 15454 291035 0 0 0 926 0 10600 861 17330 16315 319891 0 0 X 2 98287 FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B AFTER THE DRAFT 990 IS REVIEWED AND EDITED BY THE PRESIDENT, TREASURER AND FINANCIAL CONTROLLER, A COPY IS SENT TO ALL MEMBERS OF THE BOARD OF TRUSTEES FOR REVIEW PRIOR TO FILING THE RETURN WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REMINDS STAFF AND MEMBERS OF THE BOARD OF THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS AND IS FOLLOWED UP FOR COMPLETION BY THE ORGANIZATION'S PRESIDENT. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS OF THIRD WAY, A RELATED ORGANIZATION, CONDUCTED A REVIEW OF CEO AND OTHER CORPORATE OFFCIERS' SALARIES AND COMPARED THE SALARIES WITH COMPARABLY SIZED ORGANIZATIONS TO DETERMINE A REASONABLE COMPENSATION PACKAGE. THE SALARY REVIEW INCLUDED A COMPENSATION SURVEY AND EVALUATING THE FORM 990 OF OTHER SIMILAR ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII,LINE 2C THESE PROCESSES HAVE NOT CHANGED SINCE THE PRIOR YEAR. THIRD WAY 1025 CONNECTICUT AVE NW SUITE 501 WASHINGTON DC 20036 201734070 TO RESEARCH AND DEVELOP CENTRIST POLICY IDEAS. DC 501(C)(4) N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 THIRD WAY O 122177 SHARING OF EMPLOYEES THIRD WAY B 6995000 CASH