Third Way is located in Washington, DC. The organization was established in 2005. According to its NTEE Classification (R99) the organization is classified as: Civil Rights, Social Action & Advocacy N.E.C., under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. As of 12/2021, Third Way employed 73 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Third Way is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Third Way generated $24.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $18.4m during the year ending 12/2021. While expenses have increased by 10.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Third Way has awarded 25 individual grants totaling $3,069,416. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO RESEARCH AND DEVELOP CENTRIST POLICY IDEAS.
Describe the Organization's Program Activity:
Part 3 - 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.CLIMATE AND ENERGY THE CLIMATE AND ENERGY PROGRAM'S MISSION IS TO CHANGE THE NATIONAL POLICY CONVERSATION AND PUT THE UNITED STATES ON THE FASTEST, FAIREST PATH TO NET-ZERO CARBON EMISSIONS. WE DID THIS IN 2021 BY 1) FILLING POLICY GAPS, 2) BUILDING A COALITION, AND 3) ESTABLISHING A NARRATIVE FOR OUR APPROACH.FILLING CRITICAL POLICY GAPS: WE ESTABLISHED THE NECESSARY TOOLS AND POLICIES, INCLUDING: DEVELOPING A POLICY AGENDA TO ACHIEVE NET-ZERO EMISSIONS BY 2050 THAT TAKES FULL ADVANTAGE OF EVERY ZERO-CARBON TECHNOLOGY, INCLUDING NUCLEAR ENERGY AND CARBON CAPTURE; RAMPING UP GOVERNMENT INVESTMENT IN INNOVATION AND DRIVING THE DEMAND FOR CLEAN ENERGY; AND PRODUCING A THOROUGH ANALYSIS OF THE INFRASTRUCTURE AND JOBS CREATED IN EACH STATE DUE TO KEY FEDERAL CLIMATE POLICIES.BUILDING A COALITION: WE ENSURED THE AGENDA CAN RESONATE AMONG STAKEHOLDERS BY: INCLUDING THE DEMOGRAPHIC, ECONOMIC, AND REGIONAL DIVERSITY WITHIN THE COALITION NECESSARY TO ENACT ROBUST NATIONWIDE POLICY; INCLUDING A WIDE RANGE OF STAKEHOLDERS, ORGANIZATIONS, AND POLICYMAKERS IN OUR RESEARCH AND POLICY DEVELOPMENT; AND FEATURING COALITION PARTNERS IN EDUCATIONAL PRODUCTS AND PUBLIC ACTIVITIES.ESTABLISHING A NARRATIVE: WE CHANGED THE CONVERSATION ON CLIMATE BY: DEVELOPING AND DRIVING A NARRATIVE AND MESSAGING THAT ACCURATELY REPRESENTS OUR VISION OF TECHNOLOGY INCLUSIVITY; COMMUNICATING AND EXPLAINING THE PROBLEM AND EQUITABLE SOLUTIONS PLAINLY AND COMPREHENSIVELY TO POLICYMAKERS AND THE AMERICAN PUBLIC; AND ENLISTING OUR COALITION PARTNERS TO HELP AMPLIFY THIS NARRATIVE THROUGH VIRTUAL EVENTS AND OTHER PUBLIC PLATFORMS.
SOCIAL POLICY AND POLITICSIN 2021, THE SOCIAL POLICY AND POLITICS PROGRAM FOCUSED ON 1) ANSWERING WHAT A COALITION TO DEFEAT POPULISM MUST LOOK LIKE, 2) OFFERING A COMPREHENSIVE FEDERAL COLLEGE QUALITY AGENDA THAT SHIFTS FOCUS FROM COST TO VALUE AMONG POLICYMAKERS, THE PRESS, AND OTHER INFLUENCERS AND 3) ADDRESSING THREATS ON CONTENTIOUS SOCIAL ISSUES AND ASSISTING POLICYMAKERS IN TALKING ABOUT THESE ISSUES IN A WAY THAT HAS BROAD APPEAL. WHAT A COALITION DEFEATING POPULISM LOOKS LIKE: OUR POLITICS TEAM WORKED TO ANSWER THIS QUESTION BY:UTILIZING CATALIST VOTER FILE DATA AND OTHER ELECTORAL DATA SOURCES TO DRAFT REPORTS ANALYZING AND EXPLAINING THE AMERICAN ELECTORATE AND DIFFERENCES ACROSS STATES AND DISTRICTS; CONDUCTING QUALITATIVE AND QUANTITATIVE PUBLIC OPINION RESEARCH TO BETTER UNDERSTAND WHAT CRITICAL SUBURBAN VOTERS PRIORITIZE, HOW THEY THINK ABOUT CURRENT ISSUES UNDER DISCUSSION IN WASHINGTON, AND WHAT THEY WANT FROM CANDIDATES AND POLICYMAKERS; AND TRACKING HOW POPULIST CANDIDATES PERFORM COMPARED TO THOSE CARRYING A MORE MAINSTREAM AGENDA. THIS MAKES THE CASE THAT MAINSTREAM IDEAS HAVE BROADER APPEAL.SHIFTING THE FOCUS IN HIGHER EDUCATION FROM COST TO VALUE: OUR EDUCATION TEAM WORKED TO BUILD THE ADVOCACY AND POLICY INFRASTRUCTURE TO PUSH FOR ACTIONABLE POLICY SOLUTIONS THAT HELP STUDENTS AND TAXPAYERS GET A GREATER RETURN ON THEIR HIGHER EDUCATION INVESTMENT AT THE FEDERAL LEVEL. OUR WORK ENSURED THAT FEDERAL POLICYMAKERS KNOW THEY CANNOT ADDRESS THE MYRIAD OF PROBLEMS IN OUR HIGHER EDUCATION SYSTEM WITHOUT TAKING SIGNIFICANT STEPS TO IMPROVE QUALITY, ACCOUNTABILITY, AND VALUE. THIS INCLUDED:CONDUCTING PUBLIC OPINION RESEARCH TO UNDERSTAND HOW AMERICANS THINK ABOUT QUALITY IN THE HIGHER EDUCATION CONTEXT AND DEMONSTRATE THE BROAD SUPPORT FOR INCREASED ACCOUNTABILITY IN OUR HIGHER EDUCATION SYSTEM; PRODUCING EASY-TO-UNDERSTAND TRANSLATORS, INFOGRAPHICS, VIDEOS, AND REPORTS ANALYZING PUBLICLY AVAILABLE DATA ABOUT STUDENT OUTCOMES IN HIGHER EDUCATION, CALLING ATTENTION TO THE NEED TO IMPROVE THOSE OUTCOMES AND INCREASE ACCOUNTABILITY IN HIGHER EDUCATION; AND HOSTING VIRTUAL EVENTS AND DEPLOYING DIGITAL MEDIA CAMPAIGNS TO DEMYSTIFY COMPLICATED TOPICS IN HIGHER EDUCATION AND HIGHLIGHT THE NEED FOR NEW POLICY SOLUTIONS THAT INCENTIVIZE HIGHER EDUCATION INSTITUTIONS TO FOCUS ON IMPROVING STUDENT OUTCOMES. ADDRESSING THREATS ON SOCIAL ISSUES: WE REMAINED COMMITTED TO ADDRESSING THREATS TO AMERICAN VALUES AND VULNERABLE POPULATIONS ON KEY SOCIAL AND CULTURAL ISSUES. WE EMPLOYED VARIOUS TACTICS TO COUNTER THREATS ON IMMIGRATION, GUN SAFETY, LGBT RIGHTS, REPRODUCTIVE RIGHTS, AND COMMUNITY-BASED POLICING REFORM. THIS INCLUDED: DRAFTING AND RELEASING MEMOS THAT EXPLAIN THE MAJOR SUPREME COURT CASES THAT COULD IMPACT SOCIAL POLICY IN ADVANCE OF THEIR DECISION BY THE COURT; ANALYZING AND PRODUCING PUBLIC REPORTS ON IMMIGRATION TOPICS THAT ARE UNDER DISCUSSION AT THE STATE AND FEDERAL LEVEL, INCLUDING POLICY CHANGES DURING THE PANDEMIC, ENHANCEMENTS TO BORDER SECURITY, PROPOSALS TO PROTECT THE DREAMER AND TEMPORARY PROTECTED STATUS POPULATIONS, AND EFFORTS TO CUT BOTH LEGAL AND UNDOCUMENTED IMMIGRANTS OFF FROM ACCESS TO ESSENTIAL SERVICES; DRAFTING AND RELEASING MEMOS THAT DEMONSTRATE COMMON-GROUND, SENSIBLE POLICY OPTIONS FOR ADDRESSING GUN VIOLENCE IN OUR COUNTRY, PARTICULARLY MASS SHOOTINGS; AND ANALYZING THE CHALLENGES FACING POLICING REFORM AND CREATING PROPOSALS THAT COULD HELP POLICYMAKERS BRIDGE THE DIVIDE AND MAKE PROGRESS AT THE FEDERAL LEVEL.
ECONOMICS PROGRAM IN 2021, OUR ECONOMIC PROGRAM FOCUSED ON TWO CORE AREAS: 1) DEVELOPING AN AGENDA TO RESCUE THE ECONOMY AND US HEALTH CARE SYSTEM IN RESPONSE TO THE COVID-19 PANDEMIC, AND 2) ADVANCING A CASE FOR A NEW CONTRACT ON WORK. COVID-19 RECOVERY: AS THE PANDEMIC AND SUBSEQUENT ECONOMIC RECESSION SWEPT ACROSS THE NATION, OUR TEAM MOVED QUICKLY TO UNPACK THE TOLL THE CRISIS WAS HAVING ON THE ECONOMY AS WELL AS DEVELOP A ROBUST AGENDA FOR RECOVERY. OUR WORK INCLUDED: DEVELOPING REGULAR BLOGS THAT ANALYZED ECONOMIC TRENDS TO HELP THE POLICYMAKING COMMUNITY UNDERSTAND THE QUICKLY EVOLVING COVID-19 CRISIS; DESIGNING AN INITIAL FOUR-PART ECONOMIC RESCUE AGENDA THAT DETAILED HOW TO SAVE AMERICAN WORKERS, EMPLOYERS, STATE/LOCAL GOVERNMENTS, AND THE HEALTH CARE SYSTEM; AND CRAFTING A SUBSEQUENT ECONOMIC RESCUE AGENDA OUTLINING 21 KEY AREAS TO ADDRESS TO BOLSTER THE ECONOMY IN 2021.A NEW CONTRACT ON WORK: WE'VE HAD TWO ONCE-IN-A-CENTURY ECONOMIC SHOCKS IN THE LAST 12 YEARS THAT LEVELED THE COUNTRY AND PUT TENS OF MILLIONS OF AMERICANS AT THE BRINK OF RUIN. THESE SHOCKS ALSO LAID BARE WHAT WAS ALREADY APPARENT DURING BETTER TIMES: WE HAVE TWO ECONOMIES IN AMERICA - ONE THAT SUFFICIENTLY REWARDS WORK AND ANOTHER WHERE THE BOND BETWEEN WORK AND A GOOD LIFE HAS GROWN TENUOUS. NONE OF THIS IS ACCIDENTAL OR INEVITABLE; MUCH OF IT IS THE CONSEQUENCE OF A 21ST CENTURY ECONOMY RELYING ON A 20TH CENTURY CONTRACT ON WORK. IN RESPONSE, OUR TEAM RESEARCHED AND ANALYZED WHAT AMERICANS GET FROM WORK - WAGES AND SALARIES, HEALTH CARE, RETIREMENT CONTRIBUTIONS, SKILL ACQUISITION, PAID FAMILY LEAVE, CHILD CARE, AND MORE - AND STARTED TO DEVELOP A DETAILED POLICY AGENDA. WORK INCLUDED: DEVELOPING A COMPREHENSIVE CRITIQUE OF THE CURRENT CONTRACT ON WORK AND DESCRIBING HOW AND WHY IT IS FAILING TO PROVIDE A PATH TO PROSPERITY AND SECURITY FOR MOST AMERICANS; BUILDING POLICIES THAT MODERNIZE THE CONTRACT ON WORK, INCLUDING IDEAS BOOSTING WAGES AND KEEPING WORKERS EMPLOYED DURING DOWNTURNS; AND CONVENING POLICY EXPERTS TO DISCUSS ECONOMIC TRENDS AND STRATEGIES TO CREATE A MODERN CONTRACT ON WORK.
NATIONAL SECURITY PROGRAMIN 2021, THE NATIONAL SECURITY PROGRAM FOCUSED ON 1) NARROWING THE CYBER ENFORCEMENT GAP AND 2) EDUCATING STAKEHOLDERS ON NAVIGATING NATIONAL SECURITY ISSUES. NARROWING THE CYBER ENFORCEMENT GAP: OUR TEAM WORKED TO INCREASE AWARENESS OF THE CYBER ENFORCEMENT GAP (THE BIG GAP IN CYBERCRIME INCIDENTS HITTING THE UNITED STATES VERSUS ACTIONS TAKEN AGAINST THE PERPETRATORS) AND CREATE THE WILL AND POLICY SOLUTIONS TO TIGHTEN IT. THIS INCLUDED: RESEARCHING AND DEVELOPING POLICY RECOMMENDATIONS THAT CREATE CONDITIONS TO MOVE TOWARD REDUCING THE CYBER ENFORCEMENT GAP AND STRATEGICALLY PLAN FOR THE YEARS TO COME; CONVENING WORKING GROUPS OF 40 FORMER US NATIONAL SECURITY OFFICIALS, INDUSTRY, AND EXPERTS TO DEVELOP A ROADMAP OF NEARLY 60 ACTIONS TO BE TAKEN TO BRING PERPETRATORS OF CYBERCRIME TO JUSTICE; HIGHLIGHTING OUR EFFORTS ON THE INTERNATIONAL STAGE THROUGH OUR WORK WITH DIFFERENT GLOBAL NETWORKS; RAISING THE AWARENESS OF THE PUBLIC AND POLICYMAKERS ON THE IMPORTANCE OF CYBER ENFORCEMENT THROUGH MEDIA ENGAGEMENT AND EVENTS; AND CREATING AN INSTITUTION THAT CAN DELIVER APPROPRIATE SOLUTIONS TO CYBER-ENFORCEMENT POLICY CHALLENGES AND ACCOUNT FOR COMPETING VALUES AND TRADE-OFFS.NATIONAL SECURITY EDUCATIONAL EFFORTS: OUR EDUCATIONAL WORK ON THE NATIONAL SECURITY ISSUES INCLUDED: DEVELOPING A COMPREHENSIVE BOOK OF HOT TOPICS IN NATIONAL SECURITY TO ADVISE POLICYMAKERS ON SOME OF THE MOST PRESSING NATIONAL SECURITY PRIORITIES; HOLDING DISCUSSIONS WITH ALLIES AND KEY INFLUENCERS TO GAIN THEIR PERSPECTIVES ON SHAPING THE MESSAGE ON NATIONAL SECURITY IN THE CURRENT LANDSCAPE; AND EDUCATING STAKEHOLDERS, INCLUDING SKEPTICS AND NEUTRAL PARTIES, ON NAVIGATING NATIONAL SECURITY ISSUES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jonathan Cowan President | OfficerTrustee | 36 | $306,684 |
James Kessler Exe. VP Of Policy | Officer | 40 | $302,608 |
Matthew Bennett Secretary And Exe. VP Of Public Affairs | Officer | 38 | $291,581 |
Lanae M Erickson Sr Vp For Social Policy & Politics | 40 | $249,773 | |
Gabriel A Horwitz Svp, Econ Program | 40 | $247,994 | |
Joshua Freed Svp, Clean Energy | 40 | $246,990 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Global Strategy Group Llc Public Opinion Research | 12/30/21 | $595,665 |
Cmp Partners Llc Digital Media Production | 12/30/21 | $505,000 |
Woman Warrior Llc Strategic Consulting | 12/30/21 | $405,000 |
Boundary Stone Partners Strategic Consulting | 12/30/21 | $327,000 |
Evolved Energy Research Llc Strategic Consulting | 12/30/21 | $270,000 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $3,854,500 |
Fundraising events | $0 |
Related organizations | $12,896,432 |
Government grants | $981,741 |
All other contributions, gifts, grants, and similar amounts not included above | $5,197,979 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $22,930,652 |
Total Program Service Revenue | $0 |
Investment income | $52,363 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $1,150,698 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $24,133,713 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $174,504 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $1,241,688 |
Compensation of current officers, directors, key employees. | $78,492 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $4,953,084 |
Pension plan accruals and contributions | $193,112 |
Other employee benefits | $477,417 |
Payroll taxes | $427,664 |
Fees for services: Management | $0 |
Fees for services: Legal | $28,191 |
Fees for services: Accounting | $67,950 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $60,150 |
Fees for services: Investment Management | $386,349 |
Fees for services: Other | $6,280,891 |
Advertising and promotion | $1,960,099 |
Office expenses | $143,783 |
Information technology | $671,538 |
Royalties | $0 |
Occupancy | $603,557 |
Travel | $57,975 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $14,891 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $270,397 |
Insurance | $31,474 |
All other expenses | $0 |
Total functional expenses | $18,395,269 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $238 |
Savings and temporary cash investments | $13,037,472 |
Pledges and grants receivable | $130,390 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $246,079 |
Net Land, buildings, and equipment | $1,277,099 |
Investments—publicly traded securities | $22,574,624 |
Investments—other securities | $4,869,605 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $4,270,024 |
Total assets | $46,405,531 |
Accounts payable and accrued expenses | $1,458,779 |
Grants payable | $0 |
Deferred revenue | $873,514 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $1,571,014 |
Total liabilities | $3,903,307 |
Net assets without donor restrictions | $42,371,834 |
Net assets with donor restrictions | $130,390 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $46,405,531 |
Over the last fiscal year, Third Way has awarded $170,000 in support to 3 organizations.
Grant Recipient | Amount |
---|---|
Washington, DC PURPOSE: TO HELP SUPPORT OPERATIONS | $150,000 |
Oakland, CA PURPOSE: TO HELP SUPPORT OPERATIONS | $10,000 |
COLLECTIVE FUTURE PURPOSE: TO HELP SUPPORT OPERATIONS | $10,000 |
Over the last fiscal year, we have identified 7 grants that Third Way has recieved totaling $1,665,994.
Awarding Organization | Amount |
---|---|
Breakthrough Energy Action Inc Kirkland, WA PURPOSE: Tax Credits/Buy Clean Standard | $1,107,592 |
Environmental Defense Action Fund New York, NY PURPOSE: POLITICAL AFFAIRS | $150,000 |
Environmental Defense Fund Incorporated New York, NY | | $150,000 |
Evolve Foundation International San Rafael, CA PURPOSE: GENERAL OPERATING SUPPORT | $100,000 |
Breakthrough Energy Foundation Kirkland, WA PURPOSE: Buy Clean Standards | $58,402 |
James Family Charitable Foundation Charlottesville, VA PURPOSE: GENERAL | $50,000 |
Organization Name | Assets | Revenue |
---|---|---|
National Redistricting Action Fund Washington, DC | $2,491,471 | $27,305,637 |
Third Way Washington, DC | $46,405,531 | $24,133,713 |
Beer Institute Inc Washington, DC | $2,484,747 | $6,014,221 |
Indivisible Civics Inc Washington, DC | $6,731,387 | $5,377,077 |
Grassroots Global Justice Washington, DC | $9,532,760 | $5,014,834 |
Infin A Financial Services Alliance Inc Washington, DC | $664,824 | $3,173,599 |
Leather And Hide Council Of America Washington, DC | $990,424 | $3,045,350 |
Marijuana Policy Project Washington, DC | $258,429 | $2,867,339 |
One Action Washington, DC | $1,056,276 | $2,394,836 |
Family Research Council Action Washington, DC | $784,639 | $2,815,176 |
Our Revolution Washington, DC | $406,824 | $1,702,649 |
Organizing for Action Washington, DC | $0 | $214,635 |