2013-10-08T09:42:24-05:00 2012-12-31 MCQUADE BRENNAN LLP 1730 RHODE ISLAND AVE NW STE 800 WASHINGTON DC 200363114 990 2012-01-01 201734070 THIRD WAY THIR 2023841700 1025 CONNECTICUT AVENUE NW ROOM/SUITE 501 WASHINGTON DC 200365422 JONATHAN COWAN 2023841700 2013-08-23 true HEATHER JONES 2022963306 2013-10-08 2012 2016-02-25 16:41:14Z JONATHAN COWAN 1025 CONNECTICUT AVENUE NW 501 WASHINGTON DC 20036 9418138 false X WWW.THIRDWAY.ORG X 2004 DC TO RESEARCH AND DEVELOP CENTRIST POLICY IDEAS. 30 29 69 29 0 8862201 9219000 175732 9550 61827 94574 0 9099760 9323124 0 0 4140344 4358112 80398 139137 258738 2140841 2670766 6361583 7168015 2738177 2155109 17223875 19981521 574471 522419 16649404 19459102 X TO RESEARCH AND DEVELOP CENTRIST POLICY IDEAS. false false 2553773 9550 ECONOMIC 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 2012, THE ECONOMIC PROGRAM HAD A NUMBER OF SIGNIFICANT EXEMPT PURPOSE ACHIEVEMENTS, INCLUDING: 1.ENTITLEMENT REFORM: RELEASED A SERIES OF MEMOS AND REPORTS EXPLAINING WHY SOCIAL SECURITY AND MEDICARE NEED TO FIXED IN ORDER TO ENSURE FUTURE SOLVENCY AS WELL AS OUTLINING SPECIFIC WAYS THEY CAN BE STRENGTHENED. 2.FEDERAL BUDGET: PRODUCED A REPORT ON HOW FUTURE BUDGET TRENDS WILL IMPACT PUBLIC INVESTMENT SPENDING AS WELL AS A POLICY MEMO OUTLINING WAYS TO REFORM THE DEBT LIMIT PROCEDURE. 3.TRADE AND THE ECONOMY: PRODUCED A SERIES OF REPORTS THAT EXPLAINED THE OPPORTUNITY AROUND ASIAN MARKETS AND HOW TRADE CAN BE A POWERFUL ENGINE FOR MIDDLE CLASS PROSPERITY AND U.S. ECONOMIC GROWTH. 4.ECONOMIC GROWTH AND JOBS: PRODUCED A REPORT THAT EXPLAINED KEY CORPORATE TAX REFORM POLICIES AND THEIR IMPACT ON U.S. ECONOMIC GROWTH. 1224839 SOCIAL POLICY AND POLITICS PROGRAM IN 2012, THE SOCIAL POLICY & POLITICS PROGRAM HAD A NUMBER OF SIGNIFICANT EXEMPT PURPOSE ACHIEVEMENTS, INCLUDING: 1.GAY EQUALITY: RELEASED A REPORT OUTLINING THE BIG SHIFT OUR COUNTRY HAS UNDERGONE IN ITS VIEWS ON MARRIAGE FOR GAY COUPLES, ANALYZING NATIONAL SURVEYS CONDUCTED BETWEEN 2004 AND 2011 TO DIG UNDERNEATH THE TOPLINE NUMBERS AND GAIN INSIGHTS ABOUT HOW DIFFERENT GROUPS ARE EVOLVING ON THE ISSUE. 2.IMMIGRATION: DRAFTED AND RELEASED A MEMO OFFERING A COMPROMISE SOLUTION ON IMMIGRATION REFORM THAT IS CONSISTENT WITH THE AMERICAN VALUES OF HOLDING CHILDREN BLAMELESS AND HOLDING ADULTS RESPONSIBLE, BY GRANTING A QUICK PATH TO CITIZENSHIP FOR IMMIGRANTS WHO WERE BROUGHT HERE ILLEGALLY AS CHILDREN AND REQUIRING THOSE WHO CAME AS ADULTS TO GO THROUGH A MORE ARDUOUS PROCESS TO GAIN LEGAL STATUS. 3.MODERATES: CONDUCTED PUBLIC OPINION RESEARCH TO GAIN INSIGHT AND UNDERSTANDING OF THE VIEWS OF AMERICANS IN THE MIDDLE ON SOCIAL SECURITY AND MEDICARE AND RELEASED AN ANALYSIS SHOWING WHAT AMERICANS WANT FIXED. 1399646 CLEAN ENERGY PROGRAM IN 2012, THE CLEAN ENERGY PROGRAM HAD A NUMBER OF SIGNIFICANT EXEMPT PURPOSE ACHIEVEMENTS, INCLUDING: 1. MASTER LIMITED PARTNERSHIPS: CONDUCTED A SERIES OF BRIEFINGS AND DEVELOPED PAPERS TO EDUCATE THE PUBLIC ON THE NEED TO OPEN THE MASTER LIMITED PARTNERSHIP INVESTMENT MECHANISM TO CLEAN ENERGY PROJECTS SO THEY COULD GET ACCESS TO CHEAPER PRIVATE CAPITAL. 2. AMERICAN CLEAN ENERGY COMPETITIVENESS: RELEASED A PAPER ANALYZING THE IMPORTANCE OF DISRUPTIVE TECHNOLOGIES TO ECONOMIC GROWTH AND WARNING THAT AMERICA NEEDED TO CREATE MORE OPPORTUNITIES FOR CLEAN ENERGY TECHNOLOGIES OR WE RISKED STIFLING THE COUNTRY'S ABILITY TO COMPETE IN THE GLOBAL ECONOMY. 3. KEEPING NATURAL GAS AFFORDABLE: DEVELOPED AND RELEASED AN ORIGINAL- RESEARCH PAPER THAT EXAMINED PRICE FLUCTUATIONS IN THE NATURAL GAS SECTOR OVER THE PAST TEN YEARS AND PROPOSED SEVERAL STEPS THE FEDERAL GOVERNMENT COULD TAKE TO HELP ENSURE GAS PRICES DID NOT SPIKE TOO RAPIDLY IN CASE DEMAND BEGAN TO OUTSTRIP SUPPLY. 1026506 OTHER PROGRAM SERVICES IN 2012, THE NATIONAL SECURITY PROGRAM HAD A NUMBER OF SIGNIFICANT EXEMPT PURPOSE ACHIEVEMENTS, INCLUDING: 1. IRAN: PUBLISHED A MEMO EXPLAINING WHY IMMEDIATE MILITARY STRIKES WOULD NOT STOP IRAN'S NUCLEAR WEAPONS PROGRAM, AND COULD PROVOKE A BROADER CONFLICT. 2. CHINA: PUBLISHED A MEMO EXPLAINING THE CHINESE LEADERSHIP TRANSITION AND WHAT IT MEANS FOR U.S. - CHINA RELATIONS. 3. DOD HEALTH CARE: RELEASED A PAPER EXPLAINING HOW DOD'S RISING HEALTH CARE COSTS SQUEEZE OUT OTHER PRIORITIES IN THE DOD BUDGET, AND MADE RECOMMENDATIONS FOR REFORM. 4. DOD FUEL EFFICIENCY: RELEASED A PAPER, JOINTLY WITH THE ENERGY PROGRAM, EXPLAINING HOW DOD'S RISING FUEL COSTS IMPACT THE NATIONAL BUDGET AND HOW FUEL EFFICIENCY EFFORTS CAN BOTH IMPROVE MILITARY EFFECTIVENESS AND LOWER COSTS. 1026506 6204764 false true true true false false false false false true false false false false true false true false false true false false true false false false false false true false false false false false false false false false false false false false true true true false true 63 0 true 69 true false false false false true true false X 30 29 true false false false false false false true true false false true true true false true true true true false CA X THE ORGANIZATION 2023841700 1025 CONNECTICUT AVE NW NO 501 WASHINGTON DC 200365422 JONATHAN COWAN 42.00 4.00 X X 212801 11210 15681 ANDREW FELDSTEIN 2.00 X 0 0 0 GEORGETTE BENNETT 2.00 X 0 0 0 WILLIAM D BUDINGER 2.00 X 0 0 0 DAVID COULTER 2.00 X 0 0 0 LEWIS B CULLMAN 2.00 X 0 0 0 WILLIAM DALEY 2.00 X 0 0 0 PETER B LEWIS 2.00 X 0 0 0 JOHN DYSON 2.00 X 0 0 0 ROBERT R DYSON 2.00 X 0 0 0 BRIAN FRANK 2.00 X 0 0 0 MICHAEL GOLDBERG 2.00 X 0 0 0 DAVID HELLER 2.00 2.00 X 0 0 0 PETER JOSEPH 2.00 X 0 0 0 DEREK KAUFMAN 2.00 X 0 0 0 KIRK RADKE 2.00 X 0 0 0 DEREK KIRKLAND 2.00 X 0 0 0 RONALD A KLAIN 2.00 X 0 0 0 DANIEL S LOEB 2.00 X 0 0 0 THURGOOD MARSHALL JR 2.00 2.00 X 0 0 0 SUSAN MCCUE 2.00 X 0 0 0 HERBERT S MILLER 2.00 X 0 0 0 MICHAEL E NOVOGRATZ 2.00 X 0 0 0 ANDREW PARMENTIER 2.00 X 0 0 0 DAVID N ROBERTS 2.00 X 0 0 0 HOWARD ROSSMAN 2.00 2.00 X 0 0 0 BERNARD L SCHWARTZ 2.00 X 0 0 0 TIM SWEENEY 2.00 X 0 0 0 TED J TRIMPA 2.00 X 0 0 0 BARBARA MANFREY VOGELSTEIN 2.00 X 0 0 0 JOHN VOGELSTEIN 2.00 X 0 0 0 JOSEPH ZIMLICH 2.00 X 0 0 0 NANCY HALE 40.00 2.00 X 213042 11210 15694 MATTHEW BENNETT 40.00 2.00 X 208997 10022 25234 JAMES KESSLER 40.00 X 219528 0 25236 CHAD FITZGERALD 20.00 22.00 X 103295 113624 14017 SEAN GIBBONS 40.00 X 166322 0 22683 ROBERT KEAST 40.00 X 145075 0 12180 JOSHUA FREED 40.00 X 140083 0 21533 BRENDA BETHEA 40.00 2.00 X 113338 11291 7264 1522481 157357 159522 9 false true false ELAINE KAMARCK PO BOX 2341 BREWSTER MA 02631 CONSULTING 123117 1 3105500 5485000 628500 9219000 SPEAKERS HONORARIA 5000 5000 MISCELLANEOUS INCOME 4050 4050 MEETING REG. FEES 500 500 9550 83213 83213 106375 95014 11361 11361 11361 9323124 9550 94574 X 973311 771875 193367 8069 2631698 2458581 119778 53339 144187 129117 12616 2454 355503 318347 31105 6051 253413 226926 22173 4314 78402 78402 64966 64966 139137 139137 67251 67251 728750 726250 2500 49703 45055 3249 1399 229809 204720 16426 8663 61265 54321 4781 2163 464736 411912 34461 18363 195791 169933 18316 7542 19651 19651 525601 504308 21293 879 789 62 28 158951 140715 11965 6271 13665 12149 999 517 MISCELLANEOUS EXPENSES 7664 6821 574 269 CHARITABLE CONTRIBUTIONS 2600 2305 182 113 REPAIRS AND MAINTENANCE 1082 989 47 46 7168015 6204764 704513 258738 3585687 3803158 11863730 6822549 291733 312358 126561 235312 895384 584668 433424 310716 902132 8476822 20608 20606 17223875 19981521 271971 327419 302500 195000 574471 522419 X 15982447 19094060 666957 365042 16649404 19459102 17223875 19981521 2155109 654589 X false true X false false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7378 5235 5235 true false false false 3734000 118150 118150 560100 -441950 SCHEDULE C, 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 STAFFS. 766913 517642 249271 128471 67026 61445 310716 9910462 654589 654589 9255873 67251 67251 9323124 7100764 7100764 67251 67251 7168015 LIABILITY UNDER FIN 48 FOOTNOTE SCHEDULE D, PAGE 3, PART X THIRD WAY HAS ADOPTED THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, AS REQUIRED BY TOPIC 740 OF THE FASB ASC. THIRD WAY 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 (2009- 2011), OR EXPECTED TO BE TAKEN IN ITS 2012 TAX RETURN. THIRD WAY 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. CENTRAL AMERICA AND THE CARIBBEAN INVESTMENTS EUROPE INVESTMENTS NORTH AMERICA INVESTMENTS 6660000 6660000 true false true true false false ACTIVITIES PER REGION SCHEDULE F, PAGE 1, PART I, LINE 3 CENTRAL AMERICA AND THE CARIBBEAN 0 6,400,000 EUROPE 0 102,000 NORTH AMERICA 0 158,000 X X true PEARSON & ASSOCIATES 900 19TH ST NW STE 800 WASHINGTON DC 20006 FUNDRAISIN false 70000 45000 25000 CHAD FITZGERALD 328 W 11TH ST NEW YORK NY 10014 FUNDRAISIN false 25000 25000 HIRSCHBERG STRATEGIES 1010 VERMONT AVENUE NW STE 814 WASHINGTON DC 20005 FUNDRAISIN false 20178 -20178 HOLLY P HOSCHEIT 7908 RVR FLS DR POTOMAC MD 20854 FUNDRAISIN false 15000 -15000 PECKMADIGANJONES&STEWART 1300CONNAVNW WASH DC 20036 FUNDRAISIN false 502500 14009 488491 DARA FREED 383 GRAND ST NEW YORK NY 10002 FUNDRAISIN false 100000 9000 91000 WM ANDRESEN 4435 TUSCANY CT WOODBRIDGE VA 22192 FUNDRAISIN false 50000 7500 42500 747500 135687 611813 ADDITIONAL INFORMATION FOR PART I LINE 2B V THE WRITTEN AGREEMENTS WITH CHAD FITZGERALD AND HOLLY PAGE HOSCHEIT PROVIDED FOR THE REIMBURSEMENT OF DOCUMENTED EXPENSES RELATING TO THEIR FUNDRAISING CONSULTING SERVICES THE FOLLOWING AMOUNTS WERE REIMBURSED CHAD FITZGERALD 2621 THIRD WAY DID NOT ENTER INTO ANY ARRANGEMENTS WITH FUNDRAISERS THAT SOLELY PAID FOR EXPENSE REIMBURSEMENTS WITHOUT PAYING FOR FUNDRAISING SERVICES X X X X false false false false false false false false false JONATHAN COWAN 211828 11210 973 8968 5009 1704 226778 12914 NANCY HALE 211502 11210 1540 8981 5009 1704 227032 12914 MATTHEW BENNETT 208024 10022 973 8968 14743 1523 232708 11545 JAMES KESSLER 218876 652 8970 16266 244764 CHAD FITZGERALD 103209 113530 86 94 8677 2542 2798 114514 116422 SEAN GIBBONS 165982 340 6653 16030 189005 ROBERT KEAST 144759 316 5803 6377 157255 JOSHUA FREED 139386 697 5603 15930 161616 FIRST ACCOMPLISHMENT DESCRIPTION FORM 990, PAGE 2, PART III, LINE 4A 2.FEDERAL BUDGET: PRODUCED A REPORT ON HOW FUTURE BUDGET TRENDS WILL IMPACT PUBLIC INVESTMENT SPENDING AS WELL AS A POLICY MEMO OUTLINING WAYS TO REFORM THE DEBT LIMIT PROCEDURE. 3.TRADE AND THE ECONOMY: PRODUCED A SERIES OF REPORTS THAT EXPLAINED THE OPPORTUNITY AROUND ASIAN MARKETS AND HOW TRADE CAN BE A POWERFUL ENGINE FOR MIDDLE CLASS PROSPERITY AND U.S. ECONOMIC GROWTH. 4.ECONOMIC GROWTH AND JOBS: PRODUCED A REPORT THAT EXPLAINED KEY CORPORATE TAX REFORM POLICIES AND THEIR IMPACT ON U.S. ECONOMIC GROWTH. SECOND ACCOMPLISHMENT DESCRIPTION FORM 990, PAGE 2, PART III, LINE 4B QUICK PATH TO CITIZENSHIP FOR IMMIGRANTS WHO WERE BROUGHT HERE ILLEGALLY AS CHILDREN AND REQUIRING THOSE WHO CAME AS ADULTS TO GO THROUGH A MORE ARDUOUS PROCESS TO GAIN LEGAL STATUS. 3.MODERATES: CONDUCTED PUBLIC OPINION RESEARCH TO GAIN INSIGHT AND UNDERSTANDING OF THE VIEWS OF AMERICANS IN THE MIDDLE ON SOCIAL SECURITY AND MEDICARE AND RELEASED AN ANALYSIS SHOWING WHAT AMERICANS WANT FIXED. THIRD ACCOMPLISHMENT DESCRIPTION FORM 990, PAGE 2, PART III, LINE 4C ECONOMY. 3. KEEPING NATURAL GAS AFFORDABLE: DEVELOPED AND RELEASED AN ORIGINAL- RESEARCH PAPER THAT EXAMINED PRICE FLUCTUATIONS IN THE NATURAL GAS SECTOR OVER THE PAST TEN YEARS AND PROPOSED SEVERAL STEPS THE FEDERAL GOVERNMENT COULD TAKE TO HELP ENSURE GAS PRICES DID NOT SPIKE TOO RAPIDLY IN CASE DEMAND BEGAN TO OUTSTRIP SUPPLY. ALL OTHER ACCOMPLISHMENT DESCRIPTION FORM 990, PAGE 2, PART III, LINE 4D OTHER PROGRAM SERVICES IN 2012, THE NATIONAL SECURITY PROGRAM HAD A NUMBER OF SIGNIFICANT EXEMPT PURPOSE ACHIEVEMENTS, INCLUDING: 1. IRAN: PUBLISHED A MEMO EXPLAINING WHY IMMEDIATE MILITARY STRIKES WOULD NOT STOP IRAN'S NUCLEAR WEAPONS PROGRAM, AND COULD PROVOKE A BROADER CONFLICT. 2. CHINA: PUBLISHED A MEMO EXPLAINING THE CHINESE LEADERSHIP TRANSITION AND WHAT IT MEANS FOR U.S. - CHINA RELATIONS. 3. DOD HEALTH CARE: RELEASED A PAPER EXPLAINING HOW DOD'S RISING HEALTH CARE COSTS SQUEEZE OUT OTHER PRIORITIES IN THE DOD BUDGET, AND MADE RECOMMENDATIONS FOR REFORM. 4. DOD FUEL EFFICIENCY: RELEASED A PAPER, JOINTLY WITH THE ENERGY PROGRAM, EXPLAINING HOW DOD'S RISING FUEL COSTS IMPACT THE NATIONAL BUDGET AND HOW FUEL EFFICIENCY EFFORTS CAN BOTH IMPROVE MILITARY EFFECTIVENESS AND LOWER COSTS. ADDITIONAL INFORMATION FORM 990, PART VI SECTION A, LINE 2: BUSINESS RELATIONSHIPS - TRUSTEE AND OFFICER JONATHAN COWAN SERVES AS A DIRECTOR AND OFFICER OF THIRD WAY INSTITUTE. TRUSTEES DAVID HELLER, HOWARD ROSSMAN, AND THURGOOD MARSHALL, JR. SERVES AS A DIRECTOR OF THIRD WAY INSTITUTE. OFFICER MATTHEW BENNETT SERVES AS AN OFFICER OF THIRD WAY INSTITUTE. RELATED PARTY INFORMATION AMONG OFFICERS FORM 990, PAGE 6, PART VI, LINE 2 JOHN DYSON ROBERT DYSON TRUSTEE TRUSTEE BROTHERS BARBARA MANFREY VOGELSTEIN JOHN VOGELSTEIN TRUSTEE CHAIR MARRIED ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 FORM 990, PAGE 6, PART VI, LINE 11B FIRST, THE PRESIDENT, TREASURER AND FINANCIAL CONTROLLER CONDUCTED AN IN-DEPTH REVIEW OF AN ELECTRONIC VERSION OF THE DRAFT FORM 990 AS PREPARED BY THE ACCOUNTANTS. A SECOND DRAFT FORM 990 IS THEN REVIEWED BY LEGAL COUNSEL. AFTER INCORPORATING ADDITIONAL CHANGES, A FINAL VERSION OF THE FORM 990 IS SENT TO ALL MEMBERS OF THE BOARD OF TRUSTEES FOR REVIEW PRIOR TO FILING THE TAX RETURN WITH THE IRS. COMPENSATION PROCESS FOR TOP OFFICIAL FORM 990, PAGE 6, PART VI, LINE 15A THE COMPENSATION COMMITTEE CONDUCTED A REVIEW OF CEO SALARIES FOR COMPARABLY SIZED ORGANIZATIONS TO DETERMINE A REASONABLE COMPENSATION PACKAGE. THE SALARY REVIEW INCLUDED, CONDUCTING A COMPENSATION SURVEY AND EVALUATING FORM 990 OF OTHER ORGANIZATIONS. COMPENSATION PROCESS FOR OFFICERS FORM 990, PAGE 6, PART VI, LINE 15B THE COMPENSATION COMMITTEE CONDUCTED A REVIEW OF CORPORATE OFFICERS'SALARIES FOR COMPARABLY SIZED ORGANIZATIONS TO DETERMINE A REASONABLE COMPENSATION PACKAGE. THE SALARY REVIEW INCLUDED, CONDUCTING A COMPENSATION SURVEY AND EVALUATING FORM 990 OF OTHER ORGANIZATIONS. GOVERNING DOCUMENTS DISCLOSURE EXPLANATION FORM 990, PAGE 6, PART VI, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. OTHER FEES FOR SERVICES FORM 990, PART IX, LINE 11G COMMISSION POLICY RESEARCH 225,710 0 0 COM PUBLIC OPINION RESEARCH 222,795 0 0 OTHER CONSULTING 277,745 2,500 0 THIRD WAY INSTITUTE 1025 CONNECTICUT AVE NW STE 501 WASHINGTON DC 20036 260535276 FUND EDUCA DE 501C3 7 THIRD WAY true false false true false false false false false false false false true false true true false false false false THIRD WAY INSTITUTE C 5485000 CASH THIRD WAY INSTITUTE L 76675 COST OF SALARY BENEFITS THIRD WAY INSTITUTE O 74513 COST OF SALARY BENEFITS THIRD WAY INSTITUTE N 34613 COST OF SHARED FACILITIES ADDITIONAL INFORMATION SCHEDULE R PART II COLUMN B PRIMARY ACTIVITY FUND EDUCATIONAL ACTIVITIES FOCUSED ON MODERATE POLICY SOLUTIONS