Civic Intelligence

Third Way Institute

990 • Fiscal year 2012 • EIN 26-0535276

Jan 01, 2012 to Dec 31, 2012 • Filed on Aug 23, 2013

1025 Connecticut Avenue NWRoom/Suite 50120036-5422
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

52nd percentile

0.23x

Higher debt load relative to assets than 52% of similar nonprofits.

2012 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

1st percentile

-43%

Faster asset growth than 1% of similar nonprofits.

2012 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Down

$359,125

Down $273,786 (-43%) from 2011

Net Assets

Down

$277,617

Down $204,566 (-42%) from 2011

Liabilities

Down

$81,508

Down $69,220 (-46%) from 2011

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$5,675,152

Up $112,857 (+2.0%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$40M$30M$20M$10M$0Assets 2010: $601,165Liabilities 2010: $53,681Net Assets 2010: $547,4842010Assets 2011: $632,911Liabilities 2011: $150,728Net Assets 2011: $482,1832011Assets 2012: $359,125Liabilities 2012: $81,508Net Assets 2012: $277,6172012Assets 2013: $1,325,801Liabilities 2013: $78,441Net Assets 2013: $1,247,3602013Assets 2014: $3,879,480Liabilities 2014: $75,133Net Assets 2014: $3,804,3472014Assets 2015: $4,413,674Liabilities 2015: $338,553Net Assets 2015: $4,075,1212015Assets 2016: $10,749,354Liabilities 2016: $4,927,622Net Assets 2016: $5,821,7322016Assets 2017: $8,834,746Liabilities 2017: $90,544Net Assets 2017: $8,744,2022017Assets 2018: $18,826,482Liabilities 2018: $2,604,523Net Assets 2018: $16,221,9592018Assets 2019: $23,801,324Liabilities 2019: $5,645,843Net Assets 2019: $18,155,4812019Assets 2020: $24,555,720Liabilities 2020: $4,542,818Net Assets 2020: $20,012,9022020Assets 2021: $31,398,339Liabilities 2021: $10,704,479Net Assets 2021: $20,693,8602021Assets 2022: $31,095,329Liabilities 2022: $16,423,839Net Assets 2022: $14,671,4902022Assets 2024: $28,311,002Liabilities 2024: $14,977,173Net Assets 2024: $13,333,8292024

Highlighted filing

2012

Assets$359,125
Liabilities$81,508
Net Assets$277,617

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0-$10MExpenses 2010: $3,024,5652010Expenses 2011: $5,562,2952011Expenses 2012: $5,675,1522012Revenue 2013: $6,840,767Expenses 2013: $5,871,024Net Income 2013: $969,7432013Revenue 2014: $8,352,728Expenses 2014: $5,912,835Net Income 2014: $2,439,8932014Revenue 2015: $8,298,096Expenses 2015: $7,712,417Net Income 2015: $585,6792015Revenue 2016: $8,930,483Expenses 2016: $7,184,416Net Income 2016: $1,746,0672016Revenue 2017: $10,630,450Expenses 2017: $8,379,387Net Income 2017: $2,251,0632017Revenue 2018: $8,457,099Expenses 2018: $211,169Net Income 2018: $8,245,9302018Revenue 2019: $12,100,620Expenses 2019: $11,599,533Net Income 2019: $501,0872019Revenue 2020: $13,267,901Expenses 2020: $12,133,756Net Income 2020: $1,134,1452020Revenue 2021: $13,168,631Expenses 2021: $13,609,991Net Income 2021: -$441,3602021Revenue 2022: $16,673,694Expenses 2022: $18,624,669Net Income 2022: -$1,950,9752022Revenue 2024: $19,278,889Expenses 2024: $22,331,511Net Income 2024: -$3,052,6222024

Highlighted filing

2012

Revenue-
Expenses$5,675,152
Net Income-
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
Aug 23, 2013
Return Version
2012v2.3
Gross Receipts
$5,470,935
Mission and Program Overview

Mission

Third way institute supports charitable and educational activities that advance centrist solutions to major economic, national security, energy and social policy issues.

Filing and Contact Details

Filer

EIN
26-0535276
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IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0THIRD WAY INSTITUTE HAS ADOPTED THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, AS REQUIRED BY TOPIC 740 OF THE FASB ASC. THIRD WAY INSTITUTE HAS ANALYZED ITS TAX POSITIONS, AND HAS CONCLUDED THAT NO LIABILITY FOR UNRECOGNIZED TAX BENEFITS SHOULD BE RECORDED RELATED TO ANY UNCERTAIN TAX POSITIONS TAKEN ON RETURNS FILED FOR OPEN TAX YEARS (2009-2011), OR EXPECTED TO BE TAKEN IN ITS 2012 TAX RETURN. THIRD WAY INSTITUTE IS NOT AWARE OF ANY TAX POSITIONS FOR WHICH IT BELIEVES THAT THERE IS A REASONABLE POSSIBILITY THAT THE TOTAL AMOUNTS OF UNRECOGNIZED TAX BENEFITS WILL CHANGE MATERIALLY IN THE NEXT TWELVE MONTHS.
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IRS990ScheduleI/Form990ScheduleIPartIV/Explanation0ALL GRANTS, SUCH AS THOSE MADE BY THIRD WAY INSTITUTE TO THIRD WAY (GRANT RECIPIENT) IN 2012 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 SECTION 4911 AND 501(H) OF THE CODE. (C) GRANT FUNDS SHALL NOT BE USED TO SUPPORT OR OPPOSE ANY CANDIDATE SEEKING ELECTION TO PUBLIC OFFICE, OR PROVIDE A BENEFIT TO ANY POLITICAL PARTY OR CANDIDATE. (D) 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.
IRS990ScheduleI/Form990ScheduleIPartIV/Explanation1PART II, LINE 1, COLUMN (H): NAME OF ORGANIZATION: THIRD WAY (H) PURPOSE OF GRANT OR ASSISTANCE: SUPPORT CHARITABLE AND EDUCATIONAL ACTIVITIES RELATED TO ECONOMIC, NATIONAL SECURITY , ENERGY, AND SOCIAL POLICY ISSUES AND PROVIDE INSIGHT INTO THE BELIEFS AND POLICY PREFERENCES OF SELF-IDENTIFIED MODERATES.
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IRS990ScheduleI/Form990ScheduleIPartIV/Identifier1ADDITIONAL INFORMATION
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IRS990ScheduleI/Form990ScheduleIPartIV/ReturnReference1SCHEDULE I, PAGE 4, PART IV
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IRS990ScheduleI/RecipientTable/RecipientNameBusiness/BusinessNameLine10THIRD WAY
IRS990ScheduleI/RecordsMaintained0true
IRS990ScheduleI/TotalNbrOfOtherOrganizations01
IRS990ScheduleJ/AnyNonFixedPayments0false
IRS990ScheduleJ/CompBasedNetEarningsFilingOrg0false
IRS990ScheduleJ/CompBasedNetEarningsRelateOrgs0false
IRS990ScheduleJ/CompBasedOnRevenueOfFilingOrg0false
IRS990ScheduleJ/CompBasedOnRevenueRelatedOrgs0false
IRS990ScheduleJ/EquityBasedCompArrangement0false
IRS990ScheduleJ/Form990ScheduleJPartII/BaseCompensationFilingOrg011210
IRS990ScheduleJ/Form990ScheduleJPartII/BaseCompensationFilingOrg111210
IRS990ScheduleJ/Form990ScheduleJPartII/BaseCompensationFilingOrg210022
IRS990ScheduleJ/Form990ScheduleJPartII/BaseCompensationFilingOrg3113530
IRS990ScheduleJ/Form990ScheduleJPartII/CompBasedOnRelatedOrgs0211502
IRS990ScheduleJ/Form990ScheduleJPartII/CompBasedOnRelatedOrgs1211828
IRS990ScheduleJ/Form990ScheduleJPartII/CompBasedOnRelatedOrgs2208024
IRS990ScheduleJ/Form990ScheduleJPartII/CompBasedOnRelatedOrgs3103209
IRS990ScheduleJ/Form990ScheduleJPartII/DeferredCompRelatedOrgs08981
IRS990ScheduleJ/Form990ScheduleJPartII/DeferredCompRelatedOrgs18968
IRS990ScheduleJ/Form990ScheduleJPartII/DeferredCompRelatedOrgs28968
IRS990ScheduleJ/Form990ScheduleJPartII/DeferredCompRelatedOrgs38677
IRS990ScheduleJ/Form990ScheduleJPartIII/Explanation0PART I, LINE 3 - THE COMPENSATION COMMITTEE OF THIRD WAY, A RELATED ORGANIZATION, CONDUCTED A REVIEW OF CEO SALARIES FOR COMPARABLY SIZED ORGANIZATIONS TO DETERMINE A REASONABLE COMPENSATION PACKAGE. THE SALARY REVIEW INCLUDED CONDUCTING A COMPENSATION SURVEY AND EVALUATING FORMS 990 OF OTHER ORGANIZATIONS.
IRS990ScheduleJ/Form990ScheduleJPartIII/Identifier0OTHER ADDITIONAL INFORMATION
IRS990ScheduleJ/Form990ScheduleJPartIII/ReturnReference0SCHEDULE J, PART III
IRS990ScheduleJ/Form990ScheduleJPartII/NamePerson0NANCY HALE
IRS990ScheduleJ/Form990ScheduleJPartII/NamePerson1JONATHAN COWAN
IRS990ScheduleJ/Form990ScheduleJPartII/NamePerson2MATTHEW BENNETT
IRS990ScheduleJ/Form990ScheduleJPartII/NamePerson3CHAD FITZGERALD
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsFilingOrg01704
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsFilingOrg11704
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsFilingOrg21523
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsFilingOrg32798
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsRelatedOrgs05009
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsRelatedOrgs15009
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsRelatedOrgs214743
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsRelatedOrgs32542
IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationFilingOrg094
IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationRelatedOrgs01540
IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationRelatedOrgs1973
IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationRelatedOrgs2973
IRS990ScheduleJ/Form990ScheduleJPartII/OtherCompensationRelatedOrgs386
IRS990ScheduleJ/Form990ScheduleJPartII/Title0TREASURER
IRS990ScheduleJ/Form990ScheduleJPartII/Title1PRESIDENT
IRS990ScheduleJ/Form990ScheduleJPartII/Title2SECRETARY
IRS990ScheduleJ/Form990ScheduleJPartII/Title3DIRECTOR-EXTERNAL RE
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationFilingOrg012914
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationFilingOrg112914
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationFilingOrg211545
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationFilingOrg3116422
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationRelatedOrgs0227032
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationRelatedOrgs1226778
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationRelatedOrgs2232708
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationRelatedOrgs3114514
IRS990ScheduleJ/InitialContractException0false
IRS990/ScheduleJRequired0true
IRS990ScheduleJ/SeverancePayment0false
IRS990ScheduleJ/SupplementalNonqualRetirePlan0false
IRS990ScheduleO/GeneralExplanation/Explanation0ORDER TO ENSURE FUTURE SOLVENCY AS WELL AS OUTLINING SPECIFIC WAYS THEY CAN BE STRENGTHENED. 2.ON THE PATH OF CITIZENSHIP FOR IMMIGRANTS - RELEASED A MEMO OFFERING A COMPROMISE SOLUTION ON IMMIGRATION REFORM THAT IS CONSISTENT WITH THE AMERICAN VALUES OF HOLDING CHILDREN BLAMELESS AND HOLDING ADULTS RESPONSIBLE, BY GRANTING A QUICK PATH TO CITIZENSHIP FOR IMMIGRANTS WHO WERE BROUGHT HERE ILLEGALLY AS CHILDREN AND REQUIRING THOSE WHO CAME AS ADULTS TO GO THROUGH A MORE ARDUOUS PROCESS TO GAIN LEGAL STATUS. 3.ON THE AFFORDABILITY OF NATURAL GAS - RELEASED AN ORIGINAL RESEARCH PAPER THAT EXAMINED PRICE FLUCTUATIONS IN THE NATURAL GAS SECTOR OVER THE PAST TEN YEARS AND PROPOSED SEVERAL STEPS THE FEDERAL GOVERNMENT COULD TAKE TO HELP ENSURE GAS PRICES DID NOT SPIKE TOO RAPIDLY IN CASE DEMAND BEGAN TO OUTSTRIP SUPPLY 4.ON THE COST OF NATIONAL SECURITY - RELEASED A PAPER EXPLAINING HOW DOD'S RISING HEALTH CARE COSTS SQUEEZE OUT OTHER PRIORITIES IN THE DOD BUDGET, AND MADE RECOMMENDATIONS FOR REFORM.
IRS990ScheduleO/GeneralExplanation/Explanation1LINE 2A NUMBER OF EMPLOYEES FORM W-3 - THIRD WAY INSTITUTE'S MANAGEMENT'S PERSONNEL SERVICES ARE PAID BY THIRD WAY.
IRS990ScheduleO/GeneralExplanation/Explanation2SECTION A, LINE 2: BUSINESS RELATIONSHIPS: OFFICER AND DIRECTOR JONATHAN COWAN SERVES AS TRUSTEE AND OFFICER OF THIRD WAY. OFFICER AND DIRECTOR NANCY HALE SERVES AS AN OFFICER OF THIRD WAY. DIRECTORS DAVID HELLER, HOWARD ROSSMAN, AND THURGOOD MARSHALL, JR. SERVE AS TRUSTEES OF THIRD WAY. OFFICER MATTEW BENNETT SERVES AS AN OFFICER OF THIRD WAY.
IRS990ScheduleO/GeneralExplanation/Explanation3FIRST, THE PRESIDENT, TREASURER AND FINANCIAL CONTROLLER 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 THE LEGAL COUNSEL. AFTER INCORPORATING ADDITIONAL CHANGES, THE FINAL VERSION OF THE FORM 990 WAS SENT VIA EMAIL TO ALL MEMBERS OF THE BOARD OF DIRECTORS FOR THEIR REVIEW PRIOR TO FILING THE TAX RETURN WITH THE IRS.
IRS990ScheduleO/GeneralExplanation/Explanation4THE CONFLICT OF INTEREST POLICY IS FURNISHED ANNUALLY TO SENIOR STAFF AND DIRECTORS AND NEW INDIVIDUALS ARE PROVIDED 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.
IRS990ScheduleO/GeneralExplanation/Explanation5THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/GeneralExplanation/Identifier0FIRST ACCOMPLISHMENT DESCRIPTION
IRS990ScheduleO/GeneralExplanation/Identifier1ADDITIONAL INFORMATION
IRS990ScheduleO/GeneralExplanation/Identifier2ADDITIONAL INFORMATION
IRS990ScheduleO/GeneralExplanation/Identifier3ORGANIZATION'S PROCESS USED TO REVIEW FORM 990
IRS990ScheduleO/GeneralExplanation/Identifier4ENFORCEMENT OF CONFLICTS POLICY
IRS990ScheduleO/GeneralExplanation/Identifier5GOVERNING DOCUMENTS DISCLOSURE EXPLANATION
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART V
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference5FORM 990, PAGE 6, PART VI, LINE 19
IRS990/ScheduleORequired0true
IRS990ScheduleR/DividendsRelatedOrganization0false
IRS990ScheduleR/ExchangeOfAssets0false
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/AddressLine101025 CONNECTICUT AVE NW STE 501
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/City0WASHINGTON
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/State0DC
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/ZIPCode0200365422
IRS990ScheduleR/Form990ScheduleRPartII/ControlledOrg0false
IRS990ScheduleR/Form990ScheduleRPartII/DirectControllingEntityNA0N/A
IRS990ScheduleR/Form990ScheduleRPartII/EIN0201734070
IRS990ScheduleR/Form990ScheduleRPartII/ExemptCodeSection0501C4
IRS990ScheduleR/Form990ScheduleRPartII/LegalDomicileState0DC
IRS990ScheduleR/Form990ScheduleRPartII/NameOfDisregardedEntity/BusinessNameLine10THIRD WAY
IRS990ScheduleR/Form990ScheduleRPartII/PrimaryActivities0DEVELOPING
IRS990ScheduleR/Form990ScheduleRPartVII/Explanation0SCHEDULE R PART II SECTION B PRIMARY ACTIVITY DEVELOPING AND ADVANCING A MODERATE POLICY AGENDA

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$28.3$15.0$13.3$19.3$22.3$3.05
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$31.1$16.4$14.7$16.7$18.6$1.95
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$31.4$10.7$20.7$13.2$13.6$0.44
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$24.6$4.54$20.0$13.3$12.1$1.13
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$23.8$5.65$18.2$12.1$11.6$0.50
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.8$2.60$16.2$8.46$0.21$8.25
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.83$0.09$8.74$10.6$8.38$2.25
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.7$4.93$5.82$8.93$7.18$1.75
2015Detailed filing. Detailed filing data is available for this year.$4.41$0.34$4.08$8.30$7.71$0.59
2014Detailed filing. Detailed filing data is available for this year.$3.88$0.08$3.80$8.35$5.91$2.44
2013Detailed filing. Detailed filing data is available for this year.$1.33$0.08$1.25$6.84$5.87$0.97
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.36$0.08$0.28$5.68
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.63$0.15$0.48$5.56
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.60$0.05$0.55$3.02