The Third Way Foundation Inc

Organization Overview

The Third Way Foundation Inc, operating under the name Progressive Policy Institute, is located in Washington, DC. The organization was established in 1989. According to its NTEE Classification (W05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Progressive Policy Institute employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Progressive Policy Institute is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Progressive Policy Institute generated $7.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.4% each year . All expenses for the organization totaled $5.4m during the year ending 12/2021. While expenses have increased by 15.4% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO ADVANCE THE CAUSE OF PROGRESSIVE GOVERNMENT IN AMERICA BY PROMOTING CIVIC RESPONSIBILITY AND PUBLIC ENTREPRENEURSHIP.

Describe the Organization's Program Activity:

Part 3 - Line 4a

RESEARCH STUDY OF PUBLIC POLICY SOLUTIONS TO A BROAD ARRAY OF DOMESTIC POLICY CONCERNS


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Board, Officers & Key Employees

Name (title)Compensation
William Marshall
President
$255,000
Lindsay Mark Lewis
Executive Director
$255,000
Michael Mandel
Chief Economist
$240,000
Areille S Kane
Director
$120,000
Tressa A Pankovits
Co-Director
$115,000
Curtis Valentine
Co-Director
$115,000

Financial Statements

Statement of Revenue
Federated campaigns$6,704,772
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $275,000
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$6,979,772
Total Program Service Revenue$0
Investment income $152,120
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$572
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $7,131,320

Grants Recieved

Over the last fiscal year, we have identified 14 grants that The Third Way Foundation Inc has recieved totaling $935,000.

Awarding OrganizationAmount
Ewing Marion Kauffman Foundation

Kansas City, MO

PURPOSE: SUPPORT FOR COORDINATING FEDERAL AND LOCAL POLICY TO IMPLEMENT ENTREPRENEUR-FOCUSED ECONOMIC DEVELOPMENT BY FORMING A METRO FEDERALISM CAUCUS, PUBLISHING AN ACTION AGENDA, AND ENGAGING STAKEHOLDERS. 202104-10447

$140,000
The Blackbaud Giving Fund

Charleston, SC

PURPOSE: GENERAL SUPPORT

$125,000
The Blackbaud Giving Fund

Charleston, SC

PURPOSE: GENERAL SUPPORT

$125,000
Pharmaceutical Research And Manufacturers Of America

Washington, DC

PURPOSE: General Contribution

$125,000
Ncta-The Internet & Television Association

Washington, DC

PURPOSE: PPI 2021 GENERAL SUPPORT

$100,000
Ewing Marion Kauffman Foundation

Kansas City, MO

PURPOSE: SUPPORT FOR COORDINATING FEDERAL AND LOCAL POLICY TO IMPLEMENT ENTREPRENEUR-FOCUSED ECONOMIC DEVELOPMENT BY FORMING A METRO FEDERALISM CAUCUS, PUBLISHING AN ACTION AGENDA, AND ENGAGING STAKEHOLDERS. 202104-10447

$80,000
View Grant Recipient Profile

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