2012-05-11T15:13:56-05:00 2011-12-31 521223909 McQuade Brennan LLP 1730 Rhode Island Av NW 800 Washington DC 20036 990 2011-01-01 260535276 Third Way Institute THIR 2023841700 1025 Connecticut Ave NW No 501 Washington DC 200365422 Jonathan Cowan 2023841700 2012-05-10 1 Heath M Chavis P01272173 2022963306 2011 2016-02-24 21:20:13Z Jonathan Cowan 1025 Connecticut Ave NW No 501 Washington DC 200365422 5496994 0 X N/A X 2006 DE Supporting the development and advancement of moderate policy solutions to a broad range of issues. 7 5 0 0 0 0 3487217 5495017 0 0 2327 1977 0 0 3489544 5496994 2950000 5350000 0 0 47242 177502 0 0 106584 27323 34793 3024565 5562295 464979 -65301 601165 632911 53681 150728 547484 482183 X The Third Way Institute supports charitable and educational activities that advance moderate solutions to major economic, national security, energy, and social policy issues. 0 0 5350000 5350000 Awarded grants addressing economic, national security, energy, and social policy issues and provided insight into the beliefs and policy preferences of self-identified moderates. See Schedule 0 for further details of these exempt purpose achievements. 5350000 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 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 5 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X X The Organization 2023841700 1025 Connecticut Ave NW No 501 Washington DC 200365422 X Jonathan Cowan 4.00 X X 18767 196350 15889 Nancy Hale 2.00 X X 10732 204282 15570 Jacquie Lawing Ebert 2.00 X 0 0 0 David Heller 2.00 X 0 0 0 Rogan Kersh 2.00 X 0 0 0 Thurgood Marshall Jr 2.00 X 0 0 0 Howard Rossman 2.00 X 0 0 0 Matthew Bennett 2.00 X 10721 199404 25957 Chad FitzGerald 22.00 X 71543 61174 8195 Richard Gollub 6.00 X 20679 115712 22324 Brenda Bethea 2.00 X 7850 106615 5861 140292 883537 93796 0 0 1 0 0 5495017 5495017 1977 1977 5496994 0 0 1977 5350000 5350000 47890 32892 14998 111746 40203 71543 17866 8369 9497 7527 7527 2240 2240 4111 2411 1700 12919 7548 5371 30 30 Filing Fees 355 355 7611 4136 3475 5562295 5350000 105711 106584 66531 12216 534478 320626 300000 156 69 601165 632911 53681 150728 53681 150728 X 337484 182183 210000 300000 547484 482183 601165 632911 -65301 0 X 0 1 0 X 0 X 82575 3487217 5495017 9064809 82575 3487217 5495017 9064809 3045968 6018841 2327 1977 4304 9069113 0.66370 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 5562295 5562295 428115 107029 0 0 301228 428115 729343 1094015 75307 107029 182336 273504 0 5496994 5562295 -65301 -65301 5496994 0 5496994 0 5496994 5562295 0 5562295 0 5562295 Description of Uncertain Tax Positions Under FIN 48: Part X: Third Way and Third Way Institute adopted the provisions of ASC 740, Accounting for Uncertainty in Income Taxes. ASC 740 requires that a tax position be recognized on a "more-likely-than-not" threshold. This applies to positions taken or expected to be taken in a tax return. The implementation of ASC 740 had no impact on either organization's audited statements of financial position or statements of activities. The organizations do not believe their financial statements include (or reflect) any uncertain tax positions. 1 Third Way 1025 Connecticut Ave NW Washington DC 20036 201734070 501(c)(4) 5350000 fmv cash 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 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: All grants, such as those made by Third Way Institute to Third Way (grant recipient) in 2011 must comply with the following restrictions: (a) The grant recipient can only use the grant funds for charitable and educational activities, as defined in Secion 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 Sections 4911 and 501(h) of the Code. (c) Grant funds shall not be used to suport or oppose any candidate seeking election to public office, or provide a benefit to any political party or candidate. 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 18767 195663 0 0 0 687 0 8577 3579 3733 22346 208660 0 0 Nancy Hale 10732 203250 0 0 0 1032 0 8585 2047 4938 12779 217805 0 0 Matthew Bennett 10721 198717 0 0 0 687 0 8577 2044 15336 12765 223317 0 0 Richard Gollub 20679 114880 0 0 0 832 0 5453 3943 12928 24622 134093 0 0 Expenses - $5,350,000 including Grants of $5,350,000 Form 990, Part III, Line 4a In 2011 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. This year's accomplishments included: 1. On Economic Growth and Job Creation - Held an event that proposed new ways (going beyond a gas tax) to pay for the cost of building a 21st Century infrastructure for the country. 2. On Education - Released a report examining middle class schools and comparing the perception of how well they are educating our children versus their actual results. 3. On the use of interrogation by National Security personnel - Released a paper looking at the core purposes of interrogation and analyzing why harsh interrogation techniques do not work. 4. On the worldwide expansion of the market for Clean Energy - Hosted an event examining the global competition to win market share in clean energy, and the policies China has implemented to take the lead over the United States in this race. 5. On the discriminatory treatment of gay couples - Released a paper detailing how federal law punishes domestic partners and same-sex spouses by taxing them on employer provided health care benefits that are provided tax-free to others. Form 990, Part VI, Section A, line 2 Business Relationships: Officer and Director Jonathan Cowan serves as Trustee and Officer of Third Way. Officer and Director Nancy Hale serves as an Officer of Third Way. Directors David Heller, Howard Rossman, and Thurgood Marshall, Jr. serve as Trustees of Third Way. Officer Matthew Bennett serves as an Officer of Third Way. Form 990, Part VI, Section B, line 11 First, the President, Treasurer and Chief Financial Officer conducted an in-depth review of an electronic version of the draft Form 990 as prepared by the CPAs. A second draft Form 990 was then reviewed by legal counsel. After incorporating additional changes, the updated, final version of the Form 990 was sent via e-mail to all members of the Board of Directors for their review prior to filing the tax return with the IRS. Form 990, Part VI, Section B, line 12c The conflict of interest policy is furnished annually to senior staff and directors and new individuals are porvided with a copy of this policy upon joining the board of directors or senior staff. All directors sign annual disclosure statements acknowledging their understanding of the policy and disclosing if they have any business or personal relationships that would create a conflict of interest with Third Way Institute. Form 990, Part VI, Section C, line 19 The governing documents, conflict of interest policy and financial statements are made available to the public upon request. Form 990, Part VII, Section A, Column (B) Estimated hours per week devoted to a related organization, Third Way, by individuals listed in Column (A): Jonathan Cowan - 42 hours David Heller - 2 hours Thurgood Marshall, Jr. - 2 hours Howard Rossman - 2 hours Matthew Bennett - 40 hours Nancy Hale - 40 hours Chad FitzGerald - 20 hours Richard Gollub - 36 hours Third Way 1025 Connecticut Ave NW Ste 501 Washington DC 200365422 201734070 Developing and advancing a moderate policy agenda DC 501(C)(4) 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 Third Way B 5350000 Cash Third Way L 84864 Cost of Salary & Benefits Third Way N 92638 Cost of Salary & Benefits