2011-05-12T11:16:54-05:00 2010-12-31 STANFIELD & PHILLIPS LLC 15825 Shady Grove Road 40 Rockville MD 20850 990 2010-01-01 260535276 Third Way Institute THIR 2023841700 1025 Connecticut Ave NW No 501 Washington DC 200365422 Jonathan Cowan 2023841700 2011-05-12 1 Judy Stanfield 3015193280 2011-05-10 2010 2016-02-24 21:20:13Z Jonathan Cowan 1025 Connecticut Ave NW No 501 Washington DC 200365422 3489544 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 82575 3487217 0 0 0 2327 0 0 82575 3489544 0 2950000 0 0 0 47242 0 0 31150 70 27323 70 3024565 82505 464979 82505 601165 0 53681 82505 547484 X To support charitable and educational activities that advance moderate progressive solutions to economic, national security, cultural, and domestic policy issues. This mission statement has not been formally adopted by the Board of Directors. 1 0 2951186 2950000 Awarded grants addressing economic, national security, energy, cultural and domestic policy issues. See Schedule O for further description of these exempt purpose achievements. 2951186 1 1 0 1 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 5 0 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 0 210857 14131 Nancy Hale 2.00 X X 0 211450 13859 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 0 208257 23443 0 630564 51433 0 0 1 0 0 3487217 3487217 2327 2327 3489544 0 0 2327 2950000 2950000 39200 19600 19600 8042 4021 4021 9974 9974 750 750 1614 807 807 8232 4116 4116 237 237 712 712 278 237 41 MISCELLANEOUS 3688 1844 1844 PRINTING AND REPRODUCTI 1524 762 762 FILING FEES 314 314 3024565 2951186 42229 31150 12500 66531 50000 534478 20005 156 82505 601165 53681 0 53681 X 82505 337484 210000 82505 547484 82505 601165 464979 X 0 1 1 X 0 X 82575 3487217 3569792 82575 3487217 3569792 1887287 1682505 2327 2327 3572119 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 3024565 3024565 301228 75307 0 0 301228 301228 451842 75307 75307 112961 0 3489544 3024565 464979 0 464979 3489544 0 3489544 0 3489544 3024565 0 3024565 0 3024565 Description of Uncertain Tax Positions Under FIN 48: Part X: THIRD WAY INSTITUTE adopted the provisions of FASB Interpretation No 48, Accounting for Uncertainty in Income Taxes (FIN 48). FIN 48 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 FIN 48 had no impact on the organization's audited statements of financial position or statements of activities. The organization does not believe its financial statements include (or reflect) any uncertain tax positions. 1 Third Way 1025 Connecticut Ave NW Washington DC 20036 201734070 501(c)(4) 2950000 fmv cash Support charitable educational activities related to economic, national security, energy, cultural and domestic policy issues. 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 2010 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 0 210120 0 0 0 737 0 8405 0 5726 0 224988 0 0 Nancy Hale 0 210120 0 0 0 1330 0 8413 0 5446 0 225309 0 0 Matthew Bennett 0 208257 0 0 0 0 0 8405 0 15038 0 231700 0 0 New Program Services Form 990, Part III, line 2 The Organization began funding exempt program service activities related to economic, national security, energy, cultural and domestic policy issues. 4a Expenses - $2,951,186 including Grants of $2,950,000 Form 990, Part III, Lines 4a & 4e In 2010 the organization made grants to support the development of moderate progressive educational materials and events. The materials and events focused on a wide range of policy issues. This year's accomplishments included: 1. On Economic Growth and Jobs: Released policy proposals and held an event highlighting the ability of innovation, manufacturing, infrastructure, and telecommunications to create growth and jobs. 2. On National Security and Military Readiness: Published a memo highlighting the mental health crisis facing the military and providing policy recommendations to address the challenge. 3. On Clean Energy Innovation: Released a report examining the economic benefits of clean energy innovation and proposing steps to accelerate the development of new technologies to spur America's economic recovery. 4. To find common ground on divisive cultural issues: Released an e-binder offering insights on how to reach moderates and make progress on issues such as: abortion, immigration, crime, and relationship recognition for gay and lesbian couples. 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 - 40 hours David Heller - 2 hours Thurgood Marshall, Jr. - 2 hours Howard Rossman - 2 hours Matthew Bennett - 40 hours Nancy Hale - 40 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 0 1 1 1 0 0 0 Third Way B 2950000 Cash Third Way M 8232 Cash Third Way N 47242 Cash Third Way O 19091 Cash