2016-05-13T06:47:55-05:00 2015-12-31 521853933 JONES MARESCA & MCQUADE PA 1730 RHODE ISLAND AVE NW SUITE 800 WASHINGTON DC 20036 990 2015-01-01 201734070 THIRD WAY THIR 2023841700 1025 CONNECTICUT AVE NW NO 501 WASHINGTON DC 20036 JONATHAN COWAN PRESIDENT 2023841700 2016-05-12 1 DAVID JONES P01361002 2022963306 2015 2016-12-15 16:53:06Z JONATHAN COWAN 1025 CONNECTICUT AVE NW NO 501 WASHINGTON DC 20036 20207417 0 X WWW.THIRDWAY.ORG X 2004 DC TO RESEARCH AND DEVELOP CENTRIST POLICY IDEAS. 32 31 72 31 0 0 8736500 10382480 0 0 49547 511332 0 0 8786047 10893812 0 25350 0 0 5213303 5335902 150774 165916 366263 3409929 3390785 8774006 8917953 12041 1975859 24669050 25545386 737949 526340 23931101 25019046 X TO RESEARCH AND DEVELOP CENTRIST POLICY IDEAS. 0 0 2912315 25164 ECONOMICS PROGRAM - 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.IN 2015, THE ECONOMIC PROGRAM HAD A NUMBER OF SIGNIFICANT EXEMPT PURPOSE ACHIEVEMENTS, INCLUDING:1. HEALTH CARE: DEVELOPED AND PUBLICLY RELEASED A SERIES OF 15 POLICY PAPERS ON REFORMING THE MEDICARE SYSTEM. EACH BRIEF EXPLAINED BEHAVIORAL AND OTHER OBSTACLES PATIENTS FACE GETTING QUALITY CARE, WHERE LOCAL INNOVATIONS ARE CHANGING BEHAVIORS, OUR SOLUTION TO BRING THOSE INNOVATIONS TO SCALE AT THE FEDERAL LEVEL, AND POTENTIAL COST SAVINGS FROM OUR APPROACH.2. TRADE: RESEARCHED AND DEVELOPED A SERIES OF REPORTS ON WHY FREE TRADE IS CRITICAL FOR MIDDLE CLASS PROSPERITY AND U.S. GROWTH. ANALYSIS WAS CONDUCTED ON THE EFFECTIVENESS OF 21ST CENTURY TRADE DEALS AS WELL AS ON THE DIFFERENCES BETWEEN CHINA AND THE U.S. ON HOW EACH HANDLES LABOR ISSUES IN TRADE AGREEMENTS. WE ALSO CONDUCTED RESEARCH AND ANALYSIS ON HOW MANUFACTURING AND THE INVESTOR STATE DISPUTE SETTLEMENT WERE HANDLED WITHIN TRADE PROMOTION AUTHORITY LEGISLATION.3. 21ST CENTURY ECONOMIC AGENDA: WE SPENT A YEAR RESEARCHING AND DEVELOPING A NEW ECONOMIC AGENDA FOR THE POST-OBAMA ERA. OUR ANALYSIS EXPLAINS HOW THE CHALLENGE FACING THE MIDDLE CLASS IS LESS ABOUT FUNDAMENTAL ECONOMIC UNFAIRNESS - BUT FUNDAMENTAL CHANGE DUE TO GLOBALIZATION AND TECHNOLOGY, COUPLED WITH A COUNTRY, A WORKFORCE, AND A SET OF INSTITUTIONS THAT ARE SIMPLY NOT READY FOR THIS NEW ECONOMY. WE THEN PROPOSED AN AMBITIOUS AND ACTIONABLE AGENDA THAT WOULD GENERATE ECONOMIC GROWTH THAT DIRECTLY BENEFITS THE MIDDLE CLASS THROUGH OVER 70 POLICY IDEAS THAT CREATE MORE SKILLS, MORE JOBS, AND MORE WEALTH.4. HOUSING: AS PART OF THE AGENDA, WE DEVELOPED A SEPARATE, DETAILED PROPOSAL TO HELP LOW- AND MIDDLE-INCOME FAMILIES TO MORE QUICKLY PAY DOWN THEIR MORTGAGES, BUILD UP HOME EQUITY, AND RELIEVE THE BURDEN OF DEBT. 1922808 62 SOCIAL POLICY AND POLITICS - IN 2015, THE SOCIAL POLICY AND POLITICS PROGRAM HAD A NUMBER OF SIGNIFICANT EXEMPT PURPOSE ACHIEVEMENTS, INCLUDING:1. HIGHER EDUCATION: RELEASED A MAJOR REPORT MAKING THE CASE THAT WE CANNOT SIMPLY CONTINUE TO POUR MORE FEDERAL MONEY INTO A HIGHER EDUCATION SYSTEM THAT IS FAILING TO DELIVER ON ITS PROMISES TO STUDENTS, AND INSTEAD WE NEED TO HAVE A NATIONAL CONVERSATION ABOUT HOW TO SIGNIFICANTLY INCREASE THE QUALITY OF COLLEGE WHILE LOWERING THE ACTUAL COST; FOLLOWED THE REPORT WITH A SERIES OF IDEAS FOR HOW TO ACCOMPLISH THE GOAL OF ENSURING STUDENTS AND FAMILIES GET A COLLEGE EDUCATION WORTH THEIR INVESTMENT.2. K-12 EDUCATION: DRAFTED AND RELEASED A SERIES OF REPORTS AND MEMOS ON THE EFFECT NO CHILD LEFT BEHIND HAS HAD ON OUR NATION'S EDUCATION SYSTEM AND OUR STUDENTS' PERFORMANCE, EXPLAINING VARIOUS PROPOSALS ON THE TABLE FOR UPDATING IT, AND MAKING THE CASE FOR THE IMPORTANCE OF ANNUAL TESTING AND A ROBUST FEDERAL ROLE IN CLOSING ACHIEVEMENT GAPS AND PROTECTING HISTORICALLY-IGNORED GROUPS OF CHILDREN FROM FALLING THROUGH THE CRACKS OF A STATE AND LOCAL-DRIVEN SCHOOL SYSTEM.3. SOCIAL POLICY: HOSTED AN EVENT TO RAISE AWARENESS ABOUT THE DIFFERENT APPROACHES STATES HAVE TAKEN IN LEGALIZING MARIJUANA BY POPULAR VOTE; RELEASED A REPORT OFFERING A SERIES OF IDEAS TO MAKE HEAD START A "MOBILITY MACHINE" FOR THE CHILDREN WHO ATTEND IT; RELEASED A SERIES OF EXPLAINERS ABOUT RELIGIOUS LIBERTY ISSUES AROUND REPRODUCTIVE RIGHTS AND RIGHTS FOR LGBT AMERICANS AND OFFERING IDEAS FOR STRIKING THE RIGHT BALANCE ON THEM.4. MODERATE POLITICS: CONDUCTED A MAJOR PUBLIC OPINION PROJECT INCLUDING 15 FOCUS GROUPS AND A POLL OF 2,000 PEOPLE TO BETTER UNDERSTAND THE PROBLEMS MIDDLE-CLASS AMERICANS SEE IN OUR ECONOMIC AND POLITICAL SYSTEMS AND HOW THEY VIEW GOVERNMENT'S ROLE IN ADDRESSING THEM. 1817118 62 CLEAN ENERGY - IN 2015, THE CLEAN ENERGY PROGRAM HAD A NUMBER OF SIGNIFICANT EXEMPT PURPOSE ACHIEVEMENTS, INCLUDING:1. NUCLEAR POWER: PRODUCED A SERIES OF PAPERS AND REPORTS EXPLAINING HOW ADVANCED NUCLEAR TECHNOLOGY WORKS AND EXAMINING THE VARIETY OF COMPANIES ENGAGED IN ADVANCED NUCLEAR INNOVATION. ALSO CONDUCTED A COMPREHENSIVE STUDY ON THE IMPACT THAT THE ELIMINATION OR SIGNIFICANT REDUCTION OF NUCLEAR POWER IN THE UNITED STATES WOULD HAVE ON THE COUNTRY'S ABILITY TO MEET ITS CARBON EMISSIONS REDUCTION GOALS, AS LAID OUT BY THE CLEAN POWER PLAN, AS WELL AS AN ASSESSMENT OF HOW THE CLEAN POWER PLAN IMPACTS THE COUNTRY'S EXISTING NUCLEAR FLEET.2. ADVANCED BIOFUELS: RELEASED A SERIES OF PAPERS ASSESSING THE EVOLUTION OF ADVANCED CELLULOSIC BIOFUELS, WHAT IS DELAYING THE DEVELOPMENT AND COMMERCIALIZATION OF MORE ADVANCED BIOFUELS, AND HOW TO GET THIS PRODUCT TO MARKET MORE QUICKLY.3. CARBON CAPTURE AND STORAGE: DEVELOPED AND RELEASED A SERIES OF PAPERS EXPLAINING HOW CARBON CAPTURE AND STORAGE WORKS, AND ITS IMPORTANCE AS A KEY TECHNOLOGY TO REDUCE CARBON POLLUTION FROM COAL AND NATURAL GAS-FIRED POWER PLANTS. 1032764 62 NATIONAL SECURITY PROGRAM - IN 2015, THE NATIONAL SECURITY PROGRAM HAD A NUMBER OF SIGNIFICANT EXEMPT PURPOSE ACHIEVEMENTS, INCLUDING:1. RELEASED A SERIES OF PAPERS TO EDUCATE PEOPLE AROUND THE US-IRAN NUCLEAR AGREEMENT.2. PRODUCED A PAPER MAKING A MAJOR POLICY RECOMMENDATION FOR ELECTRONIC SURVEILLANCE REFORM TO RESTORE TRUST BETWEEN THE US GOVERNMENT AND AMERICAN COMPANIES ACTING ABROAD IN THE WAKE OF THE REVELATIONS BY EDWARD SNOWDEN. 3. PRODUCED PAPERS TO EXPLAIN CURRENT FOREIGN POLICY ISSUES, INCLUDING THE US ROLE IN AFGHANISTAN, SCREENING FOR REFUGEES WHO ENTER THE US, AND THE NORMALIZATION OF US-CUBA RELATIONS.4. PRODUCED A SERIES OF PAPERS ON UNDERSTANDING THE DEFENSE BUDGET.5. CONDUCTED PUBLIC OPINION RESEARCH INTO THE POLITICS OF NATIONAL SECURITY TO EXPLAIN PUBLIC CONCERNS AROUND TERRORISM.3. 1032764 62 7685005 0 1 1 1 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 1 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 56 0 1 72 1 0 0 0 0 1 1 0 X 32 31 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X THE ORGANIZATION 2023841700 1025 CONNECTICUT AVE NW NO 501 WASHINGTON DC 20036 JOHN L VOGELSTEIN BOARD CHAIR 2.00 X 0 0 0 GEORGETTE BENNETT TRUSTEE 2.00 X 0 0 0 WILLIAM BUDINGER TRUSTEE 2.00 X 0 0 0 DAVID COULTER TRUSTEE 2.00 X 0 0 0 LEWIS CULLMAN TRUSTEE 2.00 X 0 0 0 WILLIAM DALEY TRUSTEE 2.00 X 0 0 0 JOHN DYSON TRUSTEE 2.00 X 0 0 0 ROBERT DYSON TRUSTEE 2.00 X 0 0 0 ANDREW FELDSTEIN TRUSTEE 2.00 X 0 0 0 BRIAN FRANK TRUSTEE 2.00 X 0 0 0 MICHAEL B GOLDBERG TRUSTEE 2.00 X 0 0 0 DAVID HELLER TRUSTEE 2.00 2.00 X 0 0 0 PETER JOSEPH TRUSTEE 2.00 X 0 0 0 KEF KASDIN TRUSTEE 2.00 X 0 0 0 DEREK KAUFMAN TRUSTEE 2.00 X 0 0 0 DEREK KIRKLAND TRUSTEE 2.00 X 0 0 0 DANIEL LEWIS TRUSTEE 2.00 X 0 0 0 THURGOOD MARSHALL JR TRUSTEE 2.00 2.00 X 0 0 0 SUSAN MCCUE TRUSTEE 2.00 X 0 0 0 HERBERT S MILLER TRUSTEE 2.00 X 0 0 0 MICHAEL NOVOGRATZ TRUSTEE 2.00 X 0 0 0 RACHEL PRITZKER TRUSTEE 2.00 X 0 0 0 KIRK RADKE TRUSTEE 2.00 X 0 0 0 WILLIAM REEVES TRUSTEE 2.00 X 0 0 0 HOWARD ROSSMAN TRUSTEE 2.00 2.00 X 0 0 0 BERNARD SCHWARTZ TRUSTEE 2.00 X 0 0 0 MARC SPILKER TRUSTEE 2.00 X 0 0 0 TED TRIMPA TRUSTEE 2.00 X 0 0 0 CHRISTINE VARNEY TRUSTEE 2.00 X 0 0 0 BARBARA MANFREY VOGELSTEIN TRUSTEE 2.00 X 0 0 0 JOSEPH ZIMLICH TRUSTEE 2.00 X 0 0 0 JONATHAN COWAN PRESIDENT 42.00 4.00 X 306853 33994 21423 NANCY HALE SVP AND TREASURER 40.00 2.00 X 292294 15453 26438 MATTHEW BENNETT SVP AND SECRETARY 40.00 2.00 X 291962 15453 38202 JAMES KESSLER SVP FOR POLICY 40.00 X 303720 0 40447 LANAE ERICKSON DIRECTOR, SOCIAL POLICY & POLITICS 40.00 X 149018 0 13233 MEIKE EOYANG DIRECTOR OF NATIONAL SECUR 40.00 X 158282 0 14534 JOSHUA FREED VP FOR CLEAN ENERGY 40.00 X 181247 0 31324 GABE HOROWITZ DIRECTOR OF ECON PROGRAM 40.00 X 158645 0 23823 LEAH CHANDLER DIRECTOR OF OUTREACH 40.00 X 147731 0 13810 1989752 64900 223234 12 0 1 0 ANZALONE LISZT GROVE RESEARCH INC 1140 19TH ST NW STE 610 WASHINGTON DC 20036 CONSULTING SERVICES 147200 BENENSON STRATEGY GROUP 1901 PENNSYLVANIA AVE NW STE 1000 WASHINGTON DC 20006 POLLING SERVICES 133114 BOUNDARY STONE PARTNERS 718 7TH ST NW WASHINGTON DC 20001 CONSULTING SERVICES 121934 ELAINE KAMARCK PO BOX 2341 BREWSTER MA 02631 CONSULTING SERVICES FOR NEXT IDEAS NETWO 120000 4 2697980 7519000 165500 3980 10382480 64266 64266 9760671 9313605 447066 447066 447066 10893812 0 0 511332 X 25350 25350 1379422 1167356 151034 61032 3148326 2794807 301803 51716 127053 112438 12368 2247 379213 333139 37626 8448 301888 263924 30431 7533 8753 8753 22995 22995 165916 165916 148260 148260 1188088 1183888 4200 172972 157473 12079 3420 120692 106105 11818 2769 652589 571220 65152 16217 245033 204503 22557 17973 2498 2498 250578 219351 25014 6213 14971 13055 1524 392 OUTREACH AND EVENTS 397657 397544 113 EXECUTIVE RECRUITMENT A 87531 77856 8573 1102 STAFF DEVELOPMENT 57148 56996 152 DONOR ACTIVITIES EXPENS 21020 21020 8917953 7685005 866685 366263 4683492 5814467 6774469 6936604 71970 454038 117386 182160 1011900 591154 599694 420746 12406280 11719612 15759 17759 24669050 25545386 392949 311340 345000 215000 737949 526340 X 23805812 24410515 125289 608531 23931101 25019046 24669050 25545386 1975859 -887914 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6309 6309 6309 1 0 0 0 2697980 177030 177030 429522 -252492 PART I-A, LINE 1: THE ORGANIZATION SHARES ITS POLICY IDEAS AND ANALYSES AS BROADLY AS POSSIBLE, INCLUDING, IN SOME INSTANCES, TO CANDIDATES AND THEIR STAFF. 388244 349458 38786 343510 210085 133425 280146 31611 248535 420746 X 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. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 6349586 0 0 0 0 0 0 6349586 0 6349586 0 0 1 1 0 0 X X 1 HOLLY PAGE HOSCHEIT 7908 RIVER FALLS DRIVE POTOMAC MD 20854 FUNDRAISING CONSULTANT 0 60791 15416 45375 PECK MADIGAN JONES & STEWART 1300 CONNECTICUT AVE NW 600 WASHINGTON DC 20036 FUNDRAISING CONSULTANT 0 60000 12000 48000 PEARSON & ASSOCIATES 900 19TH STREET NW STE 800 WASHINGTON DC 20006 FUNDRAISING CONSULTANT 0 60000 60000 0 THE SMOOT TEWES GROUP 818 CONNECTICUT AVE NW 200 WASHINGTON DC 20002 FUNDRAISING CONSULTANT 0 40428 40000 428 WILLIAM ANDRESEN 4435 TUSCANY COURT WOODBRIDGE VA 22192 FUNDRAISING CONSULTANT 0 30000 6000 24000 CHAD FITZGERALD 328 W 11TH STREET APT 4H NEW YORK NY 10014 FUNDRAISING CONSULTANT 0 15000 15000 0 BLOOM STRATEGIC CONSULTING LLC 4925 GREENVILLE AVE SUITE 100 DALLAS TX 75206 FUNDRAISING CONSULTANT 0 12500 12500 0 ANGELIQUE CANNON HARRIS 7209 FLOWER TUFT COURT SPRINGFIELD VA 22153 FUNDRAISING CONSULTANT 0 5000 5000 0 283719 165916 117803 CA 1 NEWDEAL 233 PENNSYLVANIA AVE SE WASHINGTON DC 20003 273147985 501(C)(4) 25000 TO ADVANCE THE PUBLIC INTEREST BY PROVIDING OPPORTUNITES FOR STATE AND LOCAL ELECTED OFFICIALS TO SHARE PRO-GROWTH PROGRESSIVE IDEAS PUBLICALLY, WITH EACH OTHER, AND WITH POLICY AND OTHER EXPERTS. 0 1 PART I, LINE 2: THE ORGANIZATION PERFORMS UP-FRONT DUE DILIGENCE PRIOR TO GRANTING FUNDS TO ASCERTAIN THAT THE RECIPIENT ORGANIZATION'S MISSION IS CONGRUENT WITH THIRD WAY'S GOALS. THEREFORE, MINIMAL MONITORING IS REQUIRED ONCE THE FUNDS HAVE BEEN GRANTED. X X X X 0 0 0 0 0 0 0 0 0 JONATHAN COWAN PRESIDENT 305931 33994 0 0 922 0 10600 0 10021 802 327474 34796 0 0 NANCY HALE SVP AND TREASURER 291790 15453 0 0 504 0 10600 0 15414 424 318308 15877 0 0 MATTHEW BENNETT SVP AND SECRETARY 291040 15453 0 0 922 0 10600 0 26622 980 329184 16433 0 0 JAMES KESSLER SVP FOR POLICY 303000 0 0 0 720 0 10600 0 29847 0 344167 0 0 0 LANAE ERICKSON DIRECTOR, SOCIAL POLICY & POLITICS 149018 0 0 0 0 0 5961 0 7272 0 162251 0 0 0 MEIKE EOYANG DIRECTOR OF NATIONAL SECUR 157847 0 0 0 435 0 6331 0 8203 0 172816 0 0 0 JOSHUA FREED VP FOR CLEAN ENERGY 180365 0 0 0 882 0 7250 0 24074 0 212571 0 0 0 GABE HOROWITZ DIRECTOR OF ECON PROGRAM 157792 0 0 0 853 0 6346 0 17477 0 182468 0 0 0 LEAH CHANDLER DIRECTOR OF OUTREACH 147731 0 0 0 0 0 5909 0 7901 0 161541 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 TRUSTEES JOHN AND ROBERT DYSON ARE BROTHERS. BOARD CHAIR JOHN L. VOGELSTEIN AND TRUSTEE BARBARA MANFREY VOGELSTEIN ARE MARRIED. FORM 990, PART VI, SECTION B, LINE 11 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 CONDUCTED A REVIEW OF CEO AND OTHER CORPORATE OFFCIERS' SALARIES AND COMPARED THE SALARIES FOR 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. THE LAST SUCH REVIEW WAS CONDUCTED IN 2013. 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 IX, LINE 11G COMMISSIONED POLICY RESEARCH: PROGRAM SERVICE EXPENSES 564,149. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 564,149. COMMISSIONED PUBLIC OPINION RESEARCH: PROGRAM SERVICE EXPENSES 320,314. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 320,314. OTHER CONSULTING: PROGRAM SERVICE EXPENSES 299,425. MANAGEMENT AND GENERAL EXPENSES 4,200. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 303,625. FORM 990, PART XII, LINE 2C: THE ORGANIZATION'S PROCESS FOR SELECTING AN INDEPENDENT ACCOUNTANT AND OVERSEEING THE AUDIT OF ITS FINANCIAL STATEMENTS HAS NOT CHANGED DURING THE TAX YEAR. THIRD WAY INSTITUTE 1025 CONNECTICUT AVE NW STE 501 WASHINGTON DC 20036 260535276 SEE PART VII DE 501(C)(3) LINE 7 THIRD WAY 1 0 0 1 0 0 0 0 0 0 0 0 1 0 1 1 0 1 0 0 THIRD WAY INSTITUTE C 7519000 CASH RECEIVED THIRD WAY INSTITUTE N 125459 SHARING OF EMPLOYEES