2015-05-11T13:25:33-05:00 2014-12-31 521853933 JONES MARESCA & MCQUADE PA 1730 RHODE ISLAND AVE NW SUITE 800 WASHINGTON DC 20036 990 2014-01-01 201734070 THIRD WAY THIR 2023841700 1025 CONNECTICUT AVE NW NO 501 WASHINGTON DC 20036 JONATHAN COWAN PRESIDENT 2023841700 2015-05-11 1 DAVID JONES P01361002 2022936321 2014 2016-02-25 16:41:14Z JONATHAN COWAN 1025 CONNECTICUT AVE NW NO 501 WASHINGTON DC 20036 14759242 0 X WWW.THIRDWAY.ORG X 2004 DC TO RESEARCH AND DEVELOP CENTRIST POLICY IDEAS. 32 32 59 34 0 0 9224000 8736500 11500 0 69351 49547 3450 0 9308301 8786047 0 0 0 0 4980690 5213303 129021 150774 237538 2864306 3409929 7974017 8774006 1334284 12041 23845149 24669050 696238 737949 23148911 23931101 X TO RESEARCH AND DEVELOP CENTRIST POLICY IDEAS. 0 0 3237130 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 2014, THE ECONOMIC PROGRAM HAD A NUMBER OF SIGNIFICANT EXEMPT PURPOSE ACHIEVEMENTS, INCLUDING:1. HEALTH CARE: DEVELOPED 15 POLICY PAPERS ON HOW TO CUT WASTE IN THE HEALTH CARE SYSTEM BY REMOVING OBSTACLES TO PATIENT CARE WHICH WILL BE PUBLICLY RELEASED THROUGHOUT THE COMING YEAR. ALSO CONDUCTED ORIGINAL PUBLIC OPINION RESEARCH AND ECONOMIC MODELING ON OUR WORK.2. RETIREMENT: RELEASED AN ORIGINAL PROPOSAL TO INCREASE THE RETIREMENT SAVINGS FOR MILLIONS OF AMERICANS.3. WORKFORCE: EXAMINED HUNDREDS OF UNIQUE WORKFORCE TRAINING PROGRAMS AND INNOVATIONS. BASED ON THIS RESEARCH, WE IDENTIFIED SEVEN KEY TRAITS OF EFFECTIVE WORKFORCE PROGRAMS AND OUTLINED THESE CHARACTERISTICS AND CORRESPONDING CASE STUDIES.4. TAX: RELEASED A PRIMER ON INTERNATIONAL CORPORATE TAX REFORM AS WELL AS A REPORT DEMONSTRATING HOW MIDDLE-CLASS FAMILIES ARE SUBJECT TO PRICE AND WAGE DIFFERENCES AS WELL AS DIFFERING TREATMENT BY THE U.S. TAX CODE.5. MIDDLE CLASS PROSPERITY: RELEASED A MEMO OUTLINING HOW A MIDDLE CLASS JOB IS NO LONGER SUPPORTING A MIDDLE CLASS LIFESTYLE AS WELL AS AN ORIGINAL PROPOSAL TO GENERATE MORE THAN HALF A MILLION JOBS. 1755466 SOCIAL POLICY AND POLITICS - IN 2014, THE SOCIAL POLICY AND POLITICS PROGRAM HAD A NUMBER OF SIGNIFICANT EXEMPT PURPOSE ACHIEVEMENTS, INCLUDING:1. EDUCATION: RELEASED A MAJOR REPORT MAKING THE CASE THAT WE MUST MODERNIZE THE TEACHING PROFESSION IN ORDER TO MAKE IT ATTRACTIVE TO THE HIGH-ACHIEVING MILLENNIALS WE NEED TO FILL THE 3 MILLION NEW TEACHER POSITIONS WHICH WILL OPEN OVER THE NEXT DECADE, AND EXPANDED UPON THE PRINCIPLES LAID OUT IN THAT REPORT WITH THREE SIGNIFICANT POLICY BRIEFS OFFERING NEW IDEAS FOR HOW TO ACCOMPLISH THAT GOAL.2. MARIJUANA: CONDUCTED TWO ROUNDS OF IN-DEPTH PUBLIC OPINION RESEARCH TO BETTER UNDERSTAND HOW AMERICANS WHO ARE STRUGGLING WITH THE ISSUE OF WHETHER TO LEGALIZE MARIJUANA FEEL ABOUT THE FEDERAL GOVERNMENT'S ROLE IN THAT DEBATE, AND RELEASED A NEW PROPOSAL ADVOCATING FOR A "WAIVE BUT RESTRICT" APPROACH THAT ALLOWS STATES THAT STRICTLY REGULATE LEGAL MARIJUANA MARKETS TO OBTAIN A WAIVER TO OPERATE OUTSIDE OF FEDERAL LAW FOR A CERTAIN PERIOD OF TIME.3. MOBILITY: RESEARCHED, DRAFTED, AND RELEASED A MAJOR REPORT URGING A MORE COMPREHENSIVE RESPONSE TO AMERICA'S MOBILITY CRISIS AND OFFERING POLICY IDEAS FOR HOW THE GOVERNMENT CAN ENCOURAGE A MOBILITY MINDSET THROUGH NON-ECONOMIC INTERVENTIONS LIKE ALLOWING FELONS TO EARN A COMMENDABLE RELEASE AND USING HOME VISITING AND EARLY EDUCATION PROGRAMS TO INSTILL GRIT AND A GROWTH MINDSET IN CHILDREN.4. MODERATE POLITICS: RELEASING REPORTS THAT DOVE DEEPLY INTO TWO OF THE SPECIFIC DEMOGRAPHIC GROUPS MAKING UP THE "NEW AMERICAN ELECTORATE"-MILLENNIALS AND HISPANICS-IN ORDER TO BETTER UNDERSTAND AND EXPLAIN THEIR RELATIONSHIP WITH THE POLITICAL PARTIES AND PROCESS, AND CONDUCTING AND RELEASING OUR INAUGURAL "STATE OF THE CENTER" POLL ANALYZING THE WORLDVIEW, VALUES, AND BELIEFS OF AMERICANS IN THE CENTER. 1619561 CLEAN ENERGY - IN 2014, THE CLEAN ENERGY PROGRAM HAD A NUMBER OF SIGNIFICANT EXEMPT PURPOSE ACHIEVEMENTS, INCLUDING:1. NUCLEAR POWER: PRODUCED A SERIES OF PAPERS EXPLAINING THE IMPORTANCE OF NUCLEAR POWER FOR GENERATING CARBON-FREE ELECTRICITY IN THE UNITED STATES AND ANALYZING THE IMPACT THAT SHUTTING NUCLEAR PLANTS DOWN WOULD HAVE ON CARBON EMISSIONS. ALSO, RELEASED A REPORT ANALYZING HOW MUCH THE US AND OTHER COUNTRIES ARE INVESTING IN ADVANCED NUCLEAR INNOVATION, AND THE IMPACT THAT IS LIKELY TO HAVE ON THE DEVELOPMENT AND COMMERCIALIZATION OF THIS TECHNOLOGY.2. EPA REGULATION OF GREENHOUSE GASSES: RELEASED AN ORIGINAL PROPOSAL ON THE MOST EFFECTIVE WAY FOR THE ENVIRONMENTAL PROTECTION AGENCY (EPA) TO REGULATE GREENHOUSE GAS EMISSIONS FROM EXISTING POWER PLANTS, AND A SERIES OF FOLLOW UP MEMOS ANALYZING THE IMPACT OF THE EPA'S SUBSEQUENT PROPOSAL ON NUCLEAR POWER IN THE UNTIED STATES AND RECOMMENDING CHANGES THAT WOULD HELP KEEP MORE ZERO-CARBON EMISSION NUCLEAR PLANTS OPERATING.3. CLEAN ENERGY FINANCE: DEVELOPED AND RELEASED A SERIES OF PRIMERS EXPLAINING HOW CLEAN ENERGY PROJECTS ARE FINANCED IN THE UNITED STATES, THE DIFFERENT FINANCING MECHANISMS THE PRIVATE SECTOR USES TO FUND ENERGY PROJECTS, AND THE DIFFERENT KINDS OF PRIVATE SECTOR INVESTORS IN CLEAN ENERGY PROJECTS, AND WHAT THEY ARE LOOKING FOR WHEN THEY MAKE INVESTMENTS 952655 NATIONAL SECURITY PROGRAM - IN 2014, THE NATIONAL SECURITY PROGRAM HAD A NUMBER OF SIGNIFICANT EXEMPT PURPOSE ACHIEVEMENTS, INCLUDING:1. RELEASED A SERIES OF PAPERS TO EDUCATE PEOPLE AROUND THE TERRORIST THREATS TO THE OLYMPIC GAMES AT SOCHI, RUSSIA, EXPLAINING THE HISTORY OF THE CHECHEN SEPARATIST MOVEMENT. 2. PRODUCED PAPERS CLARIFYING AMERICA'S OPTIONS IN SYRIA TO RESPOND TO THE EXPANSION OF THE TERRORIST GROUP ISIS ACROSS INTERNATIONAL BOUNDARIES FROM SYRIA INTO IRAQ. 3. PRODUCED A SERIES OF PAPERS AND BRIEFINGS ON UNDERSTANDING THE DEFENSE BUDGET, INCLUDING DEBUNKING THE IDEA THAT DEFENSE SPENDING AS A SHARE OF GDP IS A USEFUL NATIONAL SECURITY METRIC. 952655 7564812 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 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 59 0 1 59 1 0 0 0 0 1 1 0 X 32 32 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 RONALD KLAIN 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 ANDREW PARMENTIER 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 X 300938 33330 18623 NANCY HALE TREASURER 40.00 2.00 X 286916 15150 19083 MATTHEW BENNETT SECRETARY 40.00 2.00 X 286318 15150 30203 JAMES KESSLER SVP FOR POLICY 40.00 X 299846 0 30436 BRENDA BETHEA DIRECTOR OF ADMINISTRATION 40.00 2.00 X 138743 15640 9068 MEIKE EOYANG DIRECTOR OF NATIONAL SECURITY 40.00 X 151943 0 13517 JOSHUA FREED VP FOR CLEAN ENERGY 40.00 X 171556 0 26003 GABE HOROWITZ DIRECTOR OF ECON PROGRAM 40.00 X 141900 0 24062 LEAH CHANDLER DIRECTOR OF OUTREACH 40.00 X 133467 0 12541 1911627 79270 183536 8 0 1 0 ELAINE KAMARCK PO BOX 2341 BREWSTER MA 02631 CONSULTING SERVICES FOR NEXT IDEAS NETWO 120000 1 2852500 5758500 125500 8736500 56748 56748 5965994 5973195 -7201 -7201 -7201 8786047 0 0 49547 X 1329511 1180382 125176 23953 3112576 2738579 363699 10298 771216 677601 88511 5104 23755 23755 22678 22678 150774 150774 180126 180126 1335046 1313929 16117 5000 272347 243533 26899 1915 105986 87392 10961 7633 625025 551340 68925 4760 173398 150570 17784 5044 5792 5792 418550 397318 21232 2262 2262 218988 193267 24104 1617 14724 12993 1620 111 REPAIRS AND MAINTENANCE 5521 4794 677 50 MISCELLANEOUS EXPENSE 5230 4623 564 43 CHARITABLE CONTRIBUTION 501 437 60 4 8774006 7564812 971656 237538 5458826 4683492 6766382 6774469 131129 71970 155837 117386 1278684 678990 529337 599694 10774439 12406280 29199 15759 23845149 24669050 518738 392949 177500 345000 696238 737949 X 22902244 23805812 246667 125289 23148911 23931101 23845149 24669050 12041 770149 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 18392 13267 13267 0 0 0 0 2852500 121192 121192 427875 -306683 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 176466 211778 493055 341457 151598 397385 161067 236318 599694 X 9376070 770149 770149 8605921 180126 180126 8786047 8593880 0 8593880 180126 180126 8774006 PART X, LINE 2: TW AND TWI HAVE ADOPTED THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, AS REQUIRED BY TOPIC 740 OF THE FASB ASC. TOPIC 740 REQUIRES TW AND TWI TO DETERMINE WHETHER A TAX POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPLICABLE TAXING AUTHORITY, INCLUDING RESOLUTION OF ANY RELATED APPEALS OR LITIGATION PROCESSES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX TO BE RECOGNIZED IS MEASURED AS THE LARGEST AMOUNT OF BENEFIT THAT IS MORE THAN FIFTY PERCENT LIKELY OF BEING REALIZED UPON ULTIMATE SETTLEMENT WHICH COULD RESULT IN TW AND TWI RECORDING A TAX LIABILITY THAT WOULD REDUCE ITS NET ASSETS. TW AND TWI HAS ANALYZED ITS TAX POSITIONS, AND HAS CONCLUDED THAT NO LIABILITY FOR UNRECOGNIZED TAX BENEFITS SHOULD BE RECORDED RELATED TO ANY UNCERTAIN TAX POSITIONS TAKEN ON RETURNS FILED FOR OPEN TAX YEARS (2011-2013), OR EXPECTED TO BE TAKEN IN ITS 2014 TAX RETURN. TW AND TWI IS NOT AWARE OF ANY TAX POSITIONS FOR WHICH IT BELIEVES THAT THERE IS A REASONABLE POSSIBILITY THAT THE TOTAL AMOUNTS OF UNRECOGNIZED TAX BENEFITS WILL CHANGE MATERIALLY IN THE NEXT TWELVE MONTHS. EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 464878 CENTRAL AMERICA AND THE CARIBBEAN INVESTMENTS 9430799 0 0 0 0 0 0 9895677 0 9895677 0 0 1 1 0 0 X X 1 PECK MADIGAN JONES & STEWART 1300 CONNECTICUT AVE NW 600 WASHINGTON DC 20036 FUNDRAISING CONSULTANT 0 77610 16774 60836 HOLLY PAGE HOSCHEIT 7908 RIVER FALLS DRIVE POTOMAC MD 20854 FUNDRAISING CONSULTANT 0 60000 15000 45000 PEARSON & ASSOCIATES 900 19TH STREET NW STE 800 WASHINGTON DC 20006 FUNDRAISING CONSULTANT 0 60000 60000 0 BOYD CONSULTING LLC 105 GINA COURT SANTA CRUZ CA 95060 FUNDRAISING CONSULTANT 0 50000 5000 45000 CHAD FITZGERALD 328 W 11TH STREET APT 4H NEW YORK NY 10014 FUNDRAISING CONSULTANT 0 45000 45000 0 WILLIAM ANDRESEN 4435 TUSCANY COURT WOODBRIDGE VA 22192 FUNDRAISING CONSULTANT 0 30000 6000 24000 322610 147774 174836 CA X X X X 0 0 0 0 0 0 0 0 0 JONATHAN COWAN PRESIDENT 300140 33330 0 0 798 0 10600 0 7221 802 318759 34132 0 0 NANCY HALE TREASURER 286520 15150 0 0 396 0 10600 0 8059 424 305575 15574 0 0 MATTHEW BENNETT SECRETARY 285520 15150 0 0 798 0 10600 0 18623 980 315541 16130 0 0 JAMES KESSLER SVP FOR POLICY 299450 0 0 0 396 0 10600 0 19836 0 330282 0 0 0 BRENDA BETHEA DIRECTOR OF ADMINISTRATION 138679 15640 0 0 64 0 6175 0 2630 263 147548 15903 0 0 MEIKE EOYANG DIRECTOR OF NATIONAL SECURITY 151643 0 0 0 300 0 6078 0 7439 0 165460 0 0 0 JOSHUA FREED VP FOR CLEAN ENERGY 171143 0 0 0 413 0 6862 0 19141 0 197559 0 0 0 GABE HOROWITZ DIRECTOR OF ECON PROGRAM 141900 0 0 0 0 0 5676 0 18386 0 165962 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 779,181. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 779,181. COMMISSIONED PUBLIC OPINION RESEARCH: PROGRAM SERVICE EXPENSES 387,772. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 387,772. OTHER CONSULTING: PROGRAM SERVICE EXPENSES 146,976. MANAGEMENT AND GENERAL EXPENSES 16,117. FUNDRAISING EXPENSES 5,000. TOTAL EXPENSES 168,093. 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 5758500 CASH RECEIVED THIRD WAY INSTITUTE N 117722 SHARING OF EMPLOYEES SCHEDULE R, PART II, COLUMN B: PRIMARY ACTIVITY TO SUPPORT ACTIVITIES THAT ADVANCE MODERATE SOLUTIONS FOR MAJOR ECONOMIC, NATIONAL SECURITY, ENERGY, AND SOCIAL POLICY ISSUES.