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Nonprofit · EIN 20-1734070

THIRD WAY

Tax-exempt · WASHINGTON, DC 20036

Financials

$27.2M$21.3M2023$31.7M$24.5M2024
Revenue Expenses · by fiscal year end
Financials of THIRD WAY by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$31,698,898$24,538,373$7,160,525$65,953,090$7,228,492$58,724,598
December 31, 2023990$27,152,185$21,266,704$5,885,481$57,624,634$7,593,420$50,031,214
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$29,460,953
Membership dues
$2,866,499
Program service revenue
$0
Investment income
$2,237,945
Net gain from sales of assets
$152,148
Other revenue
$0

Expenses

Grants and similar amounts paid
$1,681,500
Compensation of officers, directors and key employees
$1,404,257
Other salaries and wages
$8,263,087
Salaries, compensation and benefits (total)
$11,512,858
Professional fundraising fees
$140,900
Legal fees
$262,196
Accounting fees
$119,867
Occupancy
$638,875
Travel
$17,049
Depreciation
$274,376
Program services (functional)
$21,516,141
Management and general (functional)
$2,489,527
Fundraising (functional)
$532,705

Balance sheet and other

Total assets, start of year
$57,624,634
Total assets, end of year
$65,953,090
Total liabilities, end of year
$7,228,492
Net assets, end of year
$58,724,598
Land, buildings and equipment
$1,548,296
Publicly traded securities
$23,553,974
Net assets without donor restrictions
$58,697,462
Net assets with donor restrictions
$27,136
Gross receipts
$60,561,784
Employees
99
Volunteers
34
Year formed
2004
State of legal domicile
DC

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
JONATHAN COWANPRESIDENT AND CEO
Trustee or director, Officer
36$413,118$41,470
JAMES KESSLEREXE. VP OF POLICY
Key employee
40$377,021$43,952
MATTHEW BENNETT SECRETARY ANDEXE. VP OF PUBLIC AFFAIRS
Officer
38$379,453$41,140
JOSHUA FREED SENIOR VPOF CLEAN ENERGY
Highest-paid employee
40$294,687$38,121
GABRIEL A HORWITZ SENIORVP OF ECON PROGRAM
Highest-paid employee
40$296,343$29,387
LANAE M ERICKSON SR VP FORSOCIAL POLICY & POLITICS
Highest-paid employee
40$299,942$18,352
EMILY STERNFELD SENIOR VPOF DEV. & EXTERNAL AFFAIRS
Highest-paid employee
40$230,542$28,809
XIAVIAN ROMMELL BROWNSENIOR DIRECTOR
Highest-paid employee
40$178,811$12,485
STEVE J DIETERLE CFOBOARD TREASURER
Officer
38$181,205$7,215
JOHN L VOGELSTEINCHAIR EMERITUS
Trustee or director, Officer
3$0$0
RACHEL PRITZKERCHAIR
Trustee or director, Officer
2$0$0
GEORGETTE BENNETTTRUSTEE
Trustee or director
2$0$0
WILLIAM BUDINGERTRUSTEE
Trustee or director
2$0$0
DAVID COULTERTRUSTEE
Trustee or director
2$0$0
WILLIAM DALEYTRUSTEE
Trustee or director
2$0$0
28 more people on this return
NameTitleHours / weekCompensation
JOHN DYSONTRUSTEE
Trustee or director
2$0
MIKE EDWARDSTRUSTEE
Trustee or director
2$0
BRIAN FRANKTRUSTEE
Trustee or director
2$0
DAVID HELLERTRUSTEE
Trustee or director
2$0
PETER JOSEPHTRUSTEE
Trustee or director
2$0
DEREK KAUFMANTRUSTEE
Trustee or director
2$0
DEREK KIRKLANDTRUSTEE
Trustee or director
2$0
DANIEL LEWISTRUSTEE UNTIL DECEMBER
Trustee or director
2$0
THURGOOD MARSHALL JRTRUSTEE
Trustee or director
2$0
SUSAN MCCUETRUSTEE
Trustee or director
2$0
DAVID HORVITZTRUSTEE
Trustee or director
2$0
WILLIAM REEVESTRUSTEE UNTIL DECEMBER
Trustee or director
2$0
BERNARD SCHWARTZTRUSTEE UNTIL FEBRUARY
Trustee or director
2$0
ALIX BURNSTRUSTEE
Trustee or director
2$0
CHRISTINE VARNEYTRUSTEE
Trustee or director
2$0
MARC SPILKERTRUSTEE
Trustee or director
2$0
TED TRIMPATRUSTEE
Trustee or director
2$0
BARBARA MANFREY VOGELSTEINTRUSTEE
Trustee or director
2$0
DOUGLAS LAWRENCETRUSTEE
Trustee or director
2$0
JOSEPH ZIMLICHTRUSTEE
Trustee or director
2$0
BOB GOODMANTRUSTEE
Trustee or director
2$0
RAY ROTHROCKTRUSTEE
Trustee or director
2$0
STEVEN GALBRAITHTRUSTEE
Trustee or director
2$0
ALISON KAYTRUSTEE
Trustee or director
2$0
GRAVES TOMPKINSTRUSTEE
Trustee or director
2$0
RAJ DATETRUSTEE
Trustee or director
2$0
STRAUSS ZELNICKTRUSTEE
Trustee or director
2$0
JOYCE ABOUSSIETRUSTEE AS OF JUNE
Trustee or director
2$0
990 for the year ended December 31, 2023: 46 people
NameTitleHours / weekCompensationOther / benefits
JONATHAN COWANPRESIDENT
Trustee or director, Officer
36$413,528$38,950
MATTHEW BENNETT SECRETARY ANDEXE. VP OF PUBLIC AFFAIRS
Officer
38$379,363$44,808
JAMES KESSLEREXE. VP OF POLICY
Key employee
40$377,318$44,341
JOSHUA FREEDSVP, CLEAN ENERGY
Highest-paid employee
40$295,072$40,202
GABRIEL A HORWITZSVP, ECON PROGRAM
Highest-paid employee
40$296,335$31,494
LANAE M ERICKSON SR VP FORSOCIAL POLICY & POLITICS
Highest-paid employee
40$299,964$20,543
BRENDA BETHEA TREASURER COOUNTIL APRIL, THEN CONSULTANT
Officer
38$252,701$11,195
EMILY STERNFELDSR. VP OF DEV. & EXTERNAL AFFAIRS
Highest-paid employee
40$215,814$25,619
RYAN FITZPATRICKSENIOR DIRECTOR
Highest-paid employee
40$173,675$14,869
STEVE J DIETERLE CFOBOARD TREASURER AS OF JUNE
Officer
38$175,594$7,755
JOHN L VOGELSTEIN CHAIRUNTIL JUNE, THEN CHAIR EMERITUS
Trustee or director, Officer
3$0$0
RACHEL PRITZKER TRUSTEEUNTIL JUNE, THEN CHAIR
Trustee or director, Officer
2$0$0
GEORGETTE BENNETTTRUSTEE
Trustee or director
2$0$0
WILLIAM BUDINGERTRUSTEE
Trustee or director
2$0$0
DAVID COULTERTRUSTEE
Trustee or director
2$0$0
WILLIAM DALEYTRUSTEE
Trustee or director
2$0$0
JOHN DYSONTRUSTEE
Trustee or director
2$0$0
MIKE EDWARDSTRUSTEE
Trustee or director
2$0$0
BRIAN FRANKTRUSTEE
Trustee or director
2$0$0
DAVID HELLERTRUSTEE
Trustee or director
2$0$0
PETER JOSEPHTRUSTEE
Trustee or director
2$0$0
DEREK KAUFMANTRUSTEE
Trustee or director
2$0$0
DEREK KIRKLANDTRUSTEE
Trustee or director
2$0$0
DANIEL LEWISTRUSTEE
Trustee or director
2$0$0
THURGOOD MARSHALL JRTRUSTEE
Trustee or director
2$0$0
SUSAN MCCUETRUSTEE
Trustee or director
2$0$0
DAVID HORVITZTRUSTEE
Trustee or director
2$0$0
WILLIAM REEVESTRUSTEE
Trustee or director
2$0$0
BERNARD SCHWARTZTRUSTEE
Trustee or director
2$0$0
ALIX BURNSTRUSTEE
Trustee or director
2$0$0
CHRISTINE VARNEYTRUSTEE
Trustee or director
2$0$0
MARC SPILKERTRUSTEE
Trustee or director
2$0$0
TED TRIMPATRUSTEE
Trustee or director
2$0$0
BARBARA MANFREY VOGELSTEINTRUSTEE
Trustee or director
2$0$0
DOUGLAS LAWRENCETRUSTEE
Trustee or director
2$0$0
JOSEPH ZIMLICHTRUSTEE
Trustee or director
2$0$0
BOB GOODMANTRUSTEE
Trustee or director
2$0$0
RAY ROTHROKTRUSTEE
Trustee or director
2$0$0
STEVEN GALBRAITHTRUSTEE
Trustee or director
2$0$0
ALISON KAYTRUSTEE
Trustee or director
2$0$0
GRAVES TOMPKINSTRUSTEE
Trustee or director
2$0$0
RAJ DATETRUSTEE AS OF JUNE
Trustee or director
2$0$0
STRAUSS ZELNICKTRUSTEE AS OF DECEMBER
Trustee or director
2$0$0
STEVE BENJAMINTRUSTEE UNTIL DECEMBER
Trustee or director
2$0$0
ANDREW FELDSTEINTRUSTEE UNTIL DECEMBER
Trustee or director
2$0$0
ROBERT DYSONTRUSTEE UNTIL DECEMBER
Trustee or director
2$0$0

Address and contacts

Address (IRS master file)
1025 CONNECTICUT AVE NW STE 400, WASHINGTON, DC 20036-5423
In care of
% JONATHAN COWAN
Principal officer (990 for 2024)
JONATHAN COWAN, 1025 CONNECTICUT AVE NW 400, WASHINGTON, DC 20036
Signed the 990
STEVE DIETERLE, CFO AND TREASURER
Phone
(202) 384-1700
Return prepared by
JM&M

Mission

TO RESEARCH AND DEVELOP CENTRIST POLICY IDEAS.

990 for the year ended December 31, 2024

Program accomplishments

  • 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.CLIMATE AND ENERGY:IN 2024, THIRD WAY'S CLIMATE AND ENERGY PROGRAM HELPED SOLIDIFY THE UNITED STATES' POSITION AS A GLOBAL LEADER IN CLEAN ENERGY INNOVATION AND DEPLOYMENT. THIRD WAY FOCUSED THEIR EFFORTS ON ADDRESSING DEPLOYMENT CHALLENGES, CLARIFYING THE ECONOMIC AND NATIONAL SECURITY BENEFITS OF CLEAN ENERGY, AND SUPPORTING STRATEGIES THAT ACCELERATE PROGRESS. THIRD WAY'S WORK CENTERED ON THREE PRIORITIES: 1) EQUIPPING DECISION-MAKERS WITH DATA AND INSIGHT TO GUIDE THE ENERGY TRANSITION; 2) IDENTIFYING AND ADDRESSING NON-COST BARRIERS TO CLEAN ENERGY DEPLOYMENT; AND 3) INCREASING PUBLIC UNDERSTANDING OF THE BENEFITS OF CLEAN ENERGY.THIRD WAY BRIDGED GAPS IN THE CLEAN ENERGY ECONOMY BY PROVIDING STRATEGIC ANALYSIS AND SOLUTIONS. IN 2024 THIRD WAY'S TEAM:--DEVELOPED AN INTERACTIVE MAP HIGHLIGHTING JOB CREATION AND LOCAL INVESTMENT ACROSS 11 CLEAN ENERGY TECHNOLOGIES. THE TOOL ALSO FEATURED PROGRESS REPORTS ON TECHNOLOGY SUPPLY CHAINS TO HELP STAKEHOLDERS ASSESS AMERICA'S GLOBAL COMPETITIVENESS.--CONTINUED TO LEAD ON NUCLEAR ENERGY POLICY THROUGH RESEARCH IDENTIFYING GAPS IN WORKFORCE DEVELOPMENT, GLOBAL DEMAND TRENDS, AND NATIONAL SECURITY IMPLICATIONS. OUR FINDINGS INFORMED DISCUSSIONS AROUND MODERNIZING U.S. NUCLEAR INNOVATION AND DEPLOYMENT.--ANALYZED BARRIERS TO ELECTRIC VEHICLE DEPLOYMENT, INCLUDING INFRASTRUCTURE SHORTFALLS AND CONSUMER PERCEPTIONS, AND SHARED RECOMMENDATIONS FOR IMPROVING PUBLIC CHARGING PROGRAMS.--QUANTIFIED THE BENEFITS OF SUSTAINABLE AVIATION FUEL (SAF), CONTRIBUTING TO BROADER UNDERSTANDING OF ITS POTENTIAL TO REDUCE EMISSIONS AND IMPROVE AIR QUALITY IN U.S. COMMUNITIES.THIRD WAY PICKED UP THE PACE OF DEPLOYMENT BY REMOVING ROADBLOCKS AND STRENGTHENING IMPLEMENTATION PATHWAYS:--COORDINATED THE FIRST COMPREHENSIVE MODELING ANALYSIS OF BIPARTISAN PERMITTING REFORM PROPOSALS, PROVIDING KEY INFORMATION ABOUT THE TRADEOFFS OF THE ENERGY PERMITTING REFORM ACT.--CONDUCTED ANALYSIS ON PERMITTING CHALLENGES AND THEIR IMPLICATIONS FOR CLEAN ENERGY TIMELINES, OFFERING INSIGHTS THAT CAN GUIDE FUTURE PROPOSALS TO MODERNIZE REGULATORY PROCESSES.--ADVANCED WORK ON STRENGTHENING THE DOMESTIC NUCLEAR FUEL SUPPLY CHAIN, INCLUDING DETAILED ANALYSIS OF HIGH-ASSAY LOW-ENRICHED URANIUM (HALEU), NUCLEAR WASTE MANAGEMENT, AND FUEL CYCLE INFRASTRUCTURE.--SUPPORTED INTERNATIONAL COLLABORATION BY PROVIDING ANALYSIS ON THE BENEFITS OF U.S. CIVILIAN NUCLEAR DEPLOYMENT IN ALLIED COUNTRIES, FOCUSING ON OPPORTUNITIES IN EUROPE AND THE UNITED KINGDOM.--DEVELOPED EDUCATIONAL RESOURCES TO SUPPORT PUBLIC UNDERSTANDING OF CARBON DIOXIDE REMOVAL TECHNOLOGIES, WITH BEST PRACTICES FOR COMMUNITY ENGAGEMENT AND SITING.THIRD WAY SPREAD THE MESSAGE THAT CLEAN ENERGY IS AN ECONOMIC OPPORTUNITY FOR ALL AMERICANS:--CONDUCTED NATIONAL AND STATE-LEVEL SURVEYS TO EXAMINE HOW AMERICANS VIEW CLEAN ENERGY AMID RISING COSTS AND INFLATION. INSIGHTS FROM THIS RESEARCH HELPED INFORM MESSAGING STRATEGIES USED BY A RANGE OF PUBLIC AND PRIVATE STAKEHOLDERS.THIRD WAY EXPANDED THE COMMUNICATIONS REACH BY INCREASING PRESS MENTIONS OVER 30% FROM THE PREVIOUS YEAR AND MAINTAINING HIGH ENGAGEMENT RATES ACROSS OUR EMAIL, MEDIA, AND DIGITAL PLATFORMS.--PUBLISHED ACCESSIBLE, VISUAL TOOLS TO EXPLAIN THE CHALLENGES AND SOLUTIONS INVOLVED IN MODERNIZING THE ELECTRIC GRID, WITH A FOCUS ON ENSURING RELIABLE AND AFFORDABLE ELECTRICITY ACROSS THE COUNTRY.
    Expenses $12,742,201
  • SOCIAL POLICY AND POLITICS:IN 2024, THIRD WAY'S SOCIAL POLICY, EDUCATION AND POLITICS TEAM FOCUSED ON THREE CORE AREAS: 1) DEFINING WHAT AMERICAN WANT FROM WASHINGTON; 2) CENTERING VALUE IN THE HIGHER EDUCATION DEBATE; AND 3) ADDRESSING THREATS ON SOCIAL ISSUES:DEFINING WHAT AMERICANS WANT FROM WASHINGTON: THIRD WAY'S POLITICS TEAM ANSWERED THIS QUESTION BY: --UTILIZING ELECTORAL DATA SOURCES INCLUDING THE CATALIST VOTER FILE, COOPERATIVE ELECTION STUDY, AND AP VOTECAST, TO DRAFT REPORTS ANALYZING AND EXPLAINING THE AMERICAN ELECTORATE AND DIFFERENCES IN OPINION, WORLDVIEW, AND VOTING BEHAVIOR ACROSS STATES AND DISTRICTS WITH A FOCUS ON KEY PRESIDENTIAL AND SENATE STATES AND BATTLEGROUND HOUSE DISTRICTS; --CONDUCTING QUALITATIVE AND QUANTITATIVE PUBLIC OPINION RESEARCH TO BETTER UNDERSTAND WHAT VOTERS PRIORITIZE, HOW THEY THINK ABOUT CURRENT ISSUES UNDER DISCUSSION IN THE ADMINISTRATION AND CONGRESS, AND WHAT THEY WANT FROM CANDIDATES AND POLICYMAKERS; --BUILDING A CASE AGAINST RUNNING A WELL-FINANCED THIRD-PARTY CANDIDATE IN THE 2024 PRESIDENTIAL ELECTION BY EMPLOYING HISTORICAL AND EMPIRICAL DATA TO SHOW THIS CANDIDATE WOULD HAVE NO PATH TO VICTORY AND COULD ONLY PLAY A ROLE AS A SPOILER FOR VOTERS; AND, --TRACKING HOW IDEOLOGICAL DIVERGENT CANDIDATES FARE IN PRIMARY AND GENERAL ELECTIONS IN 2024 TO CONTINUE YEARS OF WORK SHOWING AMERICANS CONTINUE TO GRAVITATE TO MAINSTREAM CANDIDATES OVER EXTREMISM.CENTERING VALUE IN THE HIGHER EDUCATION DEBATE: THIRD WAY'S EDUCATION TEAM CONTINUES TO LEAD A COORDINATED MOVEMENT TO CHANGE THE FEDERAL POLICY NARRATIVE ON HIGHER EDUCATION FROM COST TO RETURN ON INVESTMENT AND SOCIALIZE A SLATE OF ACTIONABLE, DEFENSIBLE SOLUTIONS TO IMPROVE POSTSECONDARY VALUE, QUALITY, AND ACCOUNTABILITY FOR STUDENTS AND TAXPAYERS. THIRD WAY ADVANCED THESE EFFORTS BY:--HOSTING THE PROGRAM'S LARGEST EVENT TO DATE, THE HIGHER ED VALUE SUMMIT, A CONFERENCE THAT BROUGHT TOGETHER EXPERTS IN THE FIELD, INCLUDING FORMER DEPARTMENT OF EDUCATION UNDER SECRETARY JAMES KVAAL AND OTHER NOTABLE INFLUENCERS, FOR A DAY OF LEARNING AND CONNECTION ON THE BIGGEST BARRIERS TO CENTERING VALUE IN THE INDUSTRY.--CONDUCTING LANDMARK PUBLIC OPINION RESEARCH ON HIGH SCHOOL STUDENTS, DEMONSTRATING THAT YOUNG AMERICANS STILL SEE VALUE IN PURSUING A COLLEGE DEGREE AND UNDERSTANDING THEIR BARRIERS TO THAT PURSUIT. --PUBLISHING THE FOURTH ANNUAL ECONOMIC MOBILITY INDEX, ALONG WITH A DEDICATED WEBSITE FOR OUR VALUE METRICS, TO CELEBRATE COLLEGES AND UNIVERSITIES THAT OPEN THEIR DOORS TO STUDENTS FROM LOW-INCOME BACKGROUNDS AND PRIORITIZE THEIR SUCCESS.--CHAMPIONING THE POSTSECONDARY STUDENT SUCCESS GRANT PROGRAM TO SUPPORT EVIDENCE-BASED COLLEGE RETENTION AND COMPLETION PROGRAMS AND MAKING THE CASE FOR MAKING THIS FUND PERMANENT.--WEIGHING IN ON THE FORMATION OF A NEW COLLEGE ACCREDITOR AND HOW THEY'RE DEVELOPING THEIR ACCREDITING STANDARDS TO HOLD THEM ACCOUNTABLE TO THEIR ROLE IN THE PROCESS OF IMPROVING OUTCOMES FOR STUDENTS. --DEVELOPING POLICY IDEAS FOR IMPROVING THE GRADUATE STUDENT LENDING SYSTEM, WHICH CURRENTLY DRIVES OUR HIGH OUTSTANDING FEDERAL STUDENT DEBT AND TAKES ADVANTAGE OF UNRESTRICTED TAXPAYER DOLLARS.ADDRESSING THREATS ON SOCIAL ISSUES: THIRD WAY REMAINS COMMITTED TO ADDRESSING THREATS TO AMERICAN VALUES AND VULNERABLE POPULATIONS ON KEY SOCIAL AND CULTURAL ISSUES. THIRD WAY EMPLOYED VARIOUS TACTICS TO MAKE PROGRESS ON CRIME, IMMIGRATION, AND LGBT RIGHTS IN THE PAST YEAR. THIS INCLUDED:--CONDUCTING AND RELEASING PUBLIC OPINION RESEARCH WITH OUTSIDE PARTNERS ON VOTERS' PERCEPTIONS OF CRIME. --TESTIFYING AT A CONGRESSIONAL HEARING ON CRIME TO PUSH BACK ON THE NARRATIVE THAT CRIME IS RAMPANT IN STATES LIKE CALIFORNIA AND MINNESOTA DUE TO CRIMINAL JUSTICE REFORMS.--PUBLISHING AND PRESENTING PUBLIC OPINION RESEARCH ON VOTERS' PERCEPTIONS ON IMMIGRATION AND THE SENATE'S BIPARTISAN BORDER BILL. --RELEASING A SERIES OF MEMOS PUSHING BACK ON MISINFORMATION ON ISSUES RELATED TO IMMIGRATION LIKE MIGRANT CRIME, MASS DEPORTATION, NONCITIZEN VOTING, AND MORE.--EDUCATING LEGISLATORS ON THE TITLE IX CONGRESSIONAL REVIEW ACT (CRA) VOTE AND HOW IT WOULD MAKE STUDENTS LESS SAFE.
    Expenses $5,014,692 · grants $1,425,500
  • ECONOMICS PROGRAM:IN 2024, THIRD WAY'S ECONOMIC PROGRAM FOCUSED ON THREE CORE AREAS: 1) MAKING THE MIDDLE CLASS MORE AFFORDABLE AND ATTAINABLE FOR NON-COLLEGE EDUCATED WORKERS; 2) STRENGTHENING THE AFFORDABLE CARE ACT AND LOWERING HEALTH CARE COSTS; AND 3) EXPANDING ENTREPRENEURIAL OPPORTUNITY IN AMERICA.MAKING THE MIDDLE CLASS AFFORDABLE AND ATTAINABLE: THERE ARE TWO AMERICAS TODAY-ONE FOR THE COLLEGE EDUCATED AND ONE FOR THOSE WITHOUT FOUR-YEAR DEGREES. WORKERS IN THESE ECONOMIES ARE WORLDS APART-THE TYPE OF WORK THEY DO, HOW THEY RECEIVE THEIR PAY, WHEN THEY START THEIR WORKDAY, AND THE BENEFITS THEY GET FROM EMPLOYMENT ARE NIGHT AND DAY. MUCH MORE MUST BE DONE TO MAKE A MIDDLE-CLASS LIFE MORE AFFORDABLE AND ATTAINABLE FOR ALL WORKERS-BUT ESPECIALLY THOSE WITHOUT A FOUR-YEAR COLLEGE DEGREE. WORK INCLUDED:--DEEP ANALYSIS OF THE NON-COLLEGE WORKFORCE, INCLUDING HOW THEY FARED OVER THE PANDEMIC, EXPERIENCES OF NON-COLLEGE VETERANS, ECONOMIC REALITIES OF NON-COLLEGE WOMEN, AND HOW WORK HAS SEPARATED BASED ON EDUCATION LEVEL.--RESEARCH INTO HOW ARTIFICIAL INTELLIGENCE IMPACTS THE ECONOMY, WORKFORCE, AND SMALL BUSINESSES.--ASSESSMENT OF HOW DIFFERENT POLICIES IMPACT ECONOMIC MOBILITY, INCLUDING PAID LEAVE AND POSTSECONDARY TRAINING.LOWERING HEALTH CARE COSTS: EVEN WITH THE IMMENSE SUCCESS OF THE AFFORDABLE CARE ACT (ACA), HEALTH CARE COSTS WILL CONTINUE TO RISE, MILLIONS CONTINUE TO BE UNINSURED OR UNDERINSURED, AND OVER 100 MILLION AMERICANS HAVE MEDICAL DEBT. FORTUNATELY, THE ACA PROVIDES A STRONG FOUNDATION TO BUILD UPON, AND THERE ARE NUMEROUS WAYS TO FINISH THE JOB THAT THE ACA STARTED AND MAKE HEALTH CARE AFFORDABLE AND ACCESSIBLE TO ALL. WORK INCLUDED:--ANALYSIS OF THE US HEALTH SYSTEM, INCLUDING HOW THE ACA IS HELPING TO PROTECT PATIENTS, WHY SOME HOSPITALS SUCCEED AND OTHERS DO NOT, AND HOW HOSPITALS ARE FINANCED THROUGHOUT THE COUNTRY.--SHOWING HOW TO LOWER COSTS BY MODERNIZING HOSPITALS, INCLUDING BANNING FACILITY FEES, IMPROVING CHARITY CARE, AND REFORMING INCENTIVES THAT ENCOURAGE CONSOLIDATION.--MAKING THE CASE ON HOW MEDICAL DEBT AFFECTS THE MIDDLE CLASS AND HOW TO REDUCE MEDICAL DEBT FOR MILLIONS ACROSS THE COUNTRY.EXPANDING ENTREPRENEURSHIP: STARTING A BUSINESS HAS ALWAYS BEEN A KEY PART OF THE AMERICAN DREAM. AND YET, ENTREPRENEURSHIP IN THIS COUNTRY IS EXCEPTIONALLY HARD. TWENTY-ONE PERCENT FAIL IN THEIR FIRST YEAR, AND ONLY 50% ARE STILL IN BUSINESS AFTER FIVE YEARS. MORE MUST BE DONE TO REMOVE BARRIERS TO STARTING AND SCALING BUSINESSES, ESPECIALLY FOR DISADVANTAGED COMMUNITIES. WORK INCLUDED:--EXTENSIVE RESEARCH UNPACKING WHO OWNS BUSINESSES IN AMERICA, HOW THOSE BUSINESSES ARE FARING, AND BARRIERS TO ENTREPRENEURSHIP.DEVELOPMENT OF POLICY IDEAS THAT WOULD MAKE IT EASIER FOR MORE PEOPLE TO START AND SCALE VENTURES, INCLUDING HOW TO TRIPLE THE NUMBER OF EXPORTERS, REFORM THE FEDERAL CONTRACTING SYSTEM, INCREASE CAPITAL ACCESS, AND HELP MORE PEOPLE TAKE THE FIRST STEP IN BUSINESS OWNERSHIP.
    Expenses $3,328,404 · grants $256,000
  • NATIONAL SECURITY PROGRAM:IN 2024, THE NATIONAL SECURITY PROGRAM FOCUSED MOST EXCLUSIVELY ON ARTIFICIAL INTELLIGENCE, BOTH DOMESTICALLY AND AS IT RELATES TO CHINA. IT IS CLEAR NOW THAT AI IS THE NEW ARMS RACE AND THAT BOTH THE UNITED STATES AND CHINA ARE WELL AHEAD OF THE REST OF THE WORLD. EACH COUNTRY HAS A DIFFERENT MODEL ON HOW IT WILL DEVELOP AI AND EACH HAS GOALS ON HOW IT IS REGULATED IN DEPLOYED. US-CHINA ON AI AND THE POWER COMPETITION: MORE THAN EVER, THE US-CHINA COMPETITION WILL BE DECIDED BY DIGITAL TECHNOLOGY AND AI. THE NATIONAL SECURITY PROGRAM HIGHLIGHTED THE IMPORTANCE AND CHALLENGES THE US FACES WITH CHINA. --THE AI RACE WILL BE SHAPED BY THE VALUES EACH COUNTRY HOLDS. THIRD WAY DISSECTED THE MAJOR VALUES AMERICA AND CHINA BRING TO AI INNOVATION AND INFORMED POLICYMAKERS AND THE PUBLIC HOW IT MAY DETERMINE WHO WINS THE AI RACE. --IN THIRD WAY'S PAPER TITLED CLASH OF THE TECH TITANS, WE ARGUED TO THE PUBLIC AND POLICYMAKERS THAT THE FRONTLINES IN THE US-CHINA DIGITAL COMPETITION ARE THE COMPANIES. THIRD WAY EDUCATED THE PUBLIC ON WHAT EACH COMPANY DOES, HOW THEY COMPETE, AND THE THREAT THE CHINESE COMPANIES POSE TO NATIONAL SECURITY AND PRIVACY. --THIRD WAY'S PAPER CHINA'S NERVOUS NEIGHBORS EDUCATED POLICYMAKERS AND THE PUBLIC ON HOW AMERICA'S ALLIANCES ARE DEEP, BUT CHINA'S ARE TRANSACTIONAL. WHILE AMERICA'S NEIGHBORS ARE TRUE FRIENDS AND PARTNERS; CHINA'S NEIGHBORS ARE WARY AND NERVOUS. THIRD WAY EXPLAINED CHINA'S CAPABILITIES OF REPRESSION THROUGH AI, MASS SURVEILLANCE, RELENTLESS CENSORSHIP, AND AUTOMATED DISINFORMATION OPERATIONS THAT THREATEN GLOBAL FREEDOMS;--THIRD WAY MADE THE CASE THAT A DIGITAL PRO-DEMOCRACY MODEL IS NEEDED TO SET INTERNATIONAL NORMS AND STANDARDS TO COMPETE AGAINST THE ONGOING PROLIFERATION OF CHINA'S DIGITAL AUTOCRACY MODEL.ARTIFICIAL INTELLIGENCE: HOW SHOULD POLICY MAKERS VIEW ARTIFICIAL INTELLIGENCE A THREAT, AN OPPORTUNITY, BOTH? THIRD WAY EXPLORED BOTH ENDS OF THE SPECTRUM:--THIRD WAY EDUCATED POLICYMAKERS AND THE PUBLIC ON WHAT IS NEW IN ARTIFICIAL INTELLIGENCE AND ARGUED THAT COMPETITION IS GOOD. --THIRD WAY EXPLORED A NEW AI TOPIC CALLED AGENTIC AI AND EXPLORED THE RAMIFICATION FOR POLICYMAKERS.--SHOULD AI BE DEVELOPED IN A CLOSED OR OPEN MODEL? THIRD WAY ANALYZED THE PLUSSES AND MINUSES OF OPEN SOURCE AI TO HELP POLICYMAKERS BETTER UNDERSTAND THIS COMPLICATED AND TECHNICAL ISSUE. --THIRD WAY DRAFTED MANY OTHER PAPERS ON AI, HELD AND ATTENDED DINNERS FOR POLICYMAKERS AIMED AT EXPLORING THE CONTOURS OF AI, PARTICIPATED IN PANELS, AND MADE MANY MEDIA APPEARANCES.
    Expenses $430,844

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
20-1734070
Tax-exempt status
501(c)(4): Social welfare organization
Donations deductible
No
Exempt since
2005
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$65,953,090
Income (IRS master file)
$60,561,784

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$31,698,898$24,538,373$65,953,090IRS
990December 2023$27,152,185$21,266,704$57,624,634XML
990December 2022$27,422,767$23,095,434$48,609,569IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-1734070).

Questions about THIRD WAY

What is the EIN of THIRD WAY?
The employer identification number (EIN) of THIRD WAY is 20-1734070.
Is THIRD WAY tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2005.
Are donations to THIRD WAY tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does THIRD WAY file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of THIRD WAY due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did THIRD WAY last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of THIRD WAY?
The 990 for the year ended December 31, 2024 names JONATHAN COWAN.
Who are the officers and directors of THIRD WAY?
The 990 for the year ended December 31, 2024 lists 43 people; 9 received compensation from the organization, the highest $413,118 (JONATHAN COWAN, PRESIDENT AND CEO).
How much revenue does THIRD WAY have?
On its 990 for the year ended December 31, 2024 it reported revenue of $31,698,898, expenses of $24,538,373 and total assets of $65,953,090 at year end.

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