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 201734070 Third Way 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 9099760 0 X www.thirdway.org X 2004 DC To research and develop centrist policy ideas. 28 27 70 1 0 0 7530500 8862201 153082 175732 105558 61827 0 0 7789140 9099760 0 0 0 0 3604042 4140344 165030 80398 402774 2218353 2140841 5987425 6361583 1801715 2738177 14649843 17223875 738616 574471 13911227 16649404 To research and develop centrist policy ideas. 0 0 2000894 55750 ECONOMIC PROGRAM - See Schedule O for description of the Economic Program exempt purpose achievements. 1115991 14000 SOCIAL POLICY AND POLITICS PROGRAM - See Schedule O for description of the Social Policy and Politics Program exempt purpose achievements. 1068006 CLEAN ENERGY PROGRAM - See Schedule O for description of the Clean Energy Program exempt purpose achievements. 942765 105982 942765 105982 5127656 0 1 1 1 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 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 48 0 70 1 0 0 0 0 1 1 0 X 28 27 1 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 1 0 0 0 CA X X The Organization 2023841700 1025 Connecticut Ave NW No 501 Washington DC 200365422 X Jonathan Cowan 42.00 X X 196350 18767 15889 Dwight Andersen 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 Scott Delman 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 X 0 0 0 Peter Joseph 2.00 X 0 0 0 Derek Kaufman 2.00 X 0 0 0 LtGen Claudia KennedyUSA Ret 2.00 X 0 0 0 Derek Kirkland 2.00 X 0 0 0 Ronald A Klain 2.00 X 0 0 0 Reynold Levy 2.00 X 0 0 0 Daniel S Loeb 2.00 X 0 0 0 Thurgood Marshall Jr 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 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 Matthew Bennett 40.00 X 199404 10721 25957 Nancy Hale 40.00 X 204282 10732 15570 James Kessler 40.00 X 210820 0 25633 Chad FitzGerald 20.00 X 61174 71543 8195 Joshua Freed 40.00 X 128987 0 21010 Sean Gibbons 40.00 X 146634 0 22655 Richard Gollub 36.00 X 115712 20679 22324 Robert Keast 40.00 X 132026 0 10863 1395389 132442 168096 11 0 1 0 0 3142500 5350000 369701 8862201 Miscellaneous Income 541900 105982 105982 Speakers Honoraria 611430 14000 14000 Meeting Reg. Fees 900099 12000 12000 43750 43750 175732 61827 61827 9099760 175732 0 61827 886804 716179 151305 19320 2617232 2091338 370441 155453 135935 108047 19690 8198 242107 170093 20870 51144 258266 205282 37409 15575 67743 67743 18697 18697 80398 80398 636968 636968 7388 5961 961 466 200507 163398 23941 13168 57548 47464 6237 3847 444203 358493 55873 29837 185925 150577 22889 12459 44967 44967 282386 271315 11071 4545 3604 550 391 151899 122980 18714 10205 24209 19506 3304 1399 Miscellaneous Expenses 13856 11484 1458 914 6361583 5127656 831153 402774 778420 3585687 9293678 11863730 178166 291733 100812 126561 852275 418851 449867 433424 3842437 902132 6463 20608 14649843 17223875 346116 271971 392500 302500 738616 574471 X 13658262 15982447 252965 666957 13911227 16649404 14649843 17223875 2738177 0 X 0 1 0 X 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5350 4009 4009 1 0 0 0 3347500 154256 154256 899500 -745244 Organizations Direct and Indirect Political Campaign Activities: 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. 743859 380337 363522 108416 38514 69902 433424 9099760 6361583 2738177 2738177 9099760 0 9099760 0 9099760 6361583 0 6361583 0 6361583 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. X X 1 Chad Fitzgerald 328 W 11th St New York NY 10014 Fundraising Consulting 0 325000 30000 295000 PeckMadiganJones&Stewart 1300ConnAvNW Wash DC 20036 Fundraising Consulting 0 254000 12005 241995 Holly P Hoscheit 7908 Rvr Fls Dr Potomac MD 20854 Fundraising Consulting 0 0 15000 -15000 Wm Andresen 4435 Tuscany Ct Woodbridge VA 22192 Fundraising Consulting 0 0 12000 -12000 579000 69005 509995 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: Holly Page Hoscheit $325 Chad FitzGerald $739 Third Way did not enter into any arrangements with fund raisers that solely paid for expense reimbursements without paying for fundraising services. X 0 0 0 0 0 0 0 0 0 Jonathan Cowan 195663 18767 0 0 687 0 8577 0 3733 3579 208660 22346 0 0 Matthew Bennett 198717 10721 0 0 687 0 8577 0 15336 2044 223317 12765 0 0 Nancy Hale 203250 10732 0 0 1032 0 8585 0 4938 2047 217805 12779 0 0 James Kessler 210268 0 0 0 552 0 8580 0 17053 0 236453 0 0 0 Sean Gibbons 146294 0 0 0 340 0 5863 0 16792 0 169289 0 0 0 Richard Gollub 114880 20679 0 0 832 0 5453 0 12928 3943 134093 24622 0 0 Form 990, Part VI, Section A, line 2 Family Relationship: Trustees John Dyson and Robert Dyson are brothers. Trustees Barbara Manfrey Vogelstein and John Vogelstein are married. 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. serve as Directors of Third Way Institute. Officer Nancy Hale serves as a Director and Officer of Third Way Institute. Officer Matthew Bennett serves as an Officer of Third Way Institute. 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 Trustees for their review prior to filing the tax return with the IRS. 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 Institute, by individuals listed in Column (A): Jonathan Cowan - 4 hours David Heller - 2 hours Thurgood Marshall, Jr. - 2 hours Howard Rossman - 2 hours Matthew Bennett - 2 hours Nancy Hale - 2 hours Chad FitzGerald - 22 hours Richard Gollub - 6 hours ECONOMIC PROGRAM Form 990, Part III, Line 4a 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 2011, the Economic Program had a number of significant exempt purpose achievements, including: 1. Economic Growth and Jobs: Released a policy proposal making the case for how corporate tax reform could create growth and jobs. 2. Entitlement Reform: Released memos, reports, and an infographic explaining why Social Security needs to be rescued and outlining how it can be strengthened. 3. Federal Budget: Produced a series of policy memos and reports explaining why only balanced approaches will successfully address the economic threat posed by the budget deficit. 4. Trade and the Economy: Held events and released reports exploring how robust efforts to increase exports through trade agreements can foster job creation and economic growth, in particular describing the free trade agreement with Korea. SOCIAL POLICY & POLITICS PROGRAM Form 990, Part III, Line 4B In 2011, the Social Policy & Politics Program had a number of significant exempt purpose achievements, including: 1. Immigration: Released a report outlining why our immigration system should be restructured to make the U.S. a magnet for attracting and retaining global talent. 2. Gay Equality: Released a report documenting the seismic shift in attitudes our country has seen since the passage of the Defense of Marriage Act (in 1996) in recognizing relationships of gay couples. 3. Moderates: Conducted public opinion research to gain insight and understanding of the views of a key group of Americans in the middle on the deficit and the economy: the Droppers and Switchers. CLEAN ENERGY PROGRAM Form 990, Part III, Line 4c In 2011, the Clean Energy Program had a number of significant exempt purpose achievements, including: 1. A Clean Energy Standard: Released a paper proposing the creation of a national clean energy standard to accelerate the deployment of mature clean energy technologies and new investment in clean energy innovation. 2. Nuclear Energy: Issued a white paper that identified the key issues standing in the way of reviving domestic nuclear energy in the U.S. 3. Military's Use of Clean Energy: Released a paper proposing steps policymakers could take to expand the military's use of clean energy to reduce costs and make their war-fighters more effective. 4. Venture Investment in Clean Energy: Released an original-research analysis of venture capital investment in clean energy, which found that investment in new companies had declined significantly, risking America's ability to lead in this sector. NATIONAL SECURITY PROGRAM Form 990, Part III, Line 4d In 2011, the National Security Program had a number of significant exempt purpose achievements, including: 1. Pakistan: Published a memo analyzing the relationship between the U.S. and Pakistan, and made recommendations on how to strengthen the relationship. 2. Afghanistan: Released a paper assessing different approaches to stabilizing the country, and recommended what approach would be most successful. 3. Foreign Aid: Published a memo comparing police training in the U.S. with police training funded by American foreign aid to fight terrorism abroad. 4. Intelligence Reform: Issued a memo providing recommendations for improving communication and coordination between intelligence community agencies. Third Way Institute 1025 Connecticut Ave NW Ste 501 Washington DC 20036 260535276 Fund educational activities focused on moderate policy solutions DE 501(c)(3) 170(b)(1) (A)(vi) 1 0 0 1 0 0 0 0 0 0 0 1 0 1 1 0 1 0 0 Third Way Institute C 5350000 Cash Third Way Institute K 84864 Cost of Salary & Benefits Third Way Institute N 92638 Cost of Salary & Benefits