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Third Way Institute

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 260535276 ✦ Washington, DC ✦ Designated as a 501(c)(3)

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Overview

What is Third Way Institute?

The Third Way Institute is a nonprofit organization based in Washington, D.C. They focus on advancing centrist solutions to significant economic, national security, energy, and social policy issues through charitable and educational activities. The institute's work encompasses various policy areas. In the climate and energy sector, they advocate for the development and deployment of all low- and zero-carbon resources to make American energy affordable, reliable, secure, and clean. In social policy, education, and politics, they analyze the perspectives and priorities of American voters and offer comprehensive agendas to shift the focus from cost to value. In healthcare, they provide extensive analysis and policy development to improve affordability. In economics, their program focuses on advancing a healthcare agenda, a new contract on work, and entrepreneurial equity. In national security, they educate policymakers on digital world order, cyber enforcement, and navigating national security issues.

What are the reviews and ratings of this charity?

Rating from Charity Navigator: 86%, Three-Star out of Four Star rating.

Third Way Institute has received a commendable score of 86%, indicating a solid level of accountability and financial health. The organization boasts a majority of independent board members and adheres to strong governance practices, including policies on conflict of interest and whistleblowing. Their financial oversight is robust, with no material diversion of assets reported and a high program expense ratio, suggesting that a significant portion of funds is directly allocated to their mission-driven work.

However, there are some areas of concern, particularly regarding fundraising efficiency, which has been rated poorly. A low fundraising efficiency ratio may indicate that the organization spends a substantial amount relative to the funds raised, potentially impacting its overall sustainability and outreach capacity. Additionally, the working capital ratio shows room for improvement, suggesting that the institute may face challenges in its short-term financial health if not addressed.

Overall, while Third Way Institute demonstrates strong financial accountability and responsible governance, it may need to enhance its fundraising strategies to better support its long-term goals. Potential donors should consider these factors when evaluating their support for the organization.


This AI summary has been generated from information found on Charity Navigator.

Is Third Way Institute legitimate?

Third Way Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. Third Way Institute submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $106,688
Professional Fundraising Fees: $0
Other Salaries and Wages: $209,700

For more financial information, click here

What is the mission statement of Third Way Institute?

The Third Way Institute is a non-profit organization dedicated to supporting charitable and educational activities that advance centrist solutions to major economic, national security, energy, and social policy issues. The institute focuses on the development of educational materials and events to address a wide range of policy challenges. In the area of climate and energy, the institute aims to make American energy affordable, reliable, secure, and clean by using a federal investment and innovation-first strategy. In the social policy, education, and politics sector, the institute works to understand American voters' perspectives and priorities on key political issues, offering a federal college quality agenda, and addressing threats on contentious social issues. The economic program concentrates on advancing a healthcare agenda focusing on affordability, a new contract on work for American workers, and launching a new effort on entrepreneurial equity.

Who is the CEO of Third Way Institute?

Jonathan Cowan is the President of Third Way Institute.

What is the revenue of Third Way Institute?

Third Way Institute's revenue in 2022 was $16,673,694.

Who are the executives of Third Way Institute and what are their salaries?

There 4 volunteers at Third Way Institute.


Here are 8 key members and their salaries:


Jonathan Cowan (President)
  • Compensation: $0
  • Related: $414,937
  • Other: $34,164
Brenda Bethea (Treasurer)
  • Compensation: $0
  • Related: $251,386
  • Other: $28,149
David Heller (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jacquie Lawing Ebert (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thurgood Marshall Jr (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rogan Kersh (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matthew Bennett (Secretary)
  • Compensation: $0
  • Related: $383,379
  • Other: $39,719
Chad Fitzgerald (Sr. Advisor To The President)
  • Compensation: $0
  • Related: $205,445
  • Other: $32,872
Where can I find the form 990 for Third Way Institute?

Third Way Institute's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Third Way Institute

The Third Way Institute is a charitable and educational organization dedicated to advancing centrist solutions to major economic, national security, energy, and social policy issues. It supports the development of educational materials and events on the policy challenges faced by America. In the realm of climate and energy, the institute aims to make American energy affordable, reliable, secure, and clean using federal investment and an innovation-first strategy. The institute has successfully shifted the conversation on climate by advocating for the development and deployment of every low and zero-carbon resource and bringing often overlooked technologies to the forefront. In the social policy, education, and politics sector, the Third Way Institute has focused on understanding American voters' perspectives and priorities, offering a federal college quality agenda, and addressing threats on contentious social issues. The institute has taken a comprehensive approach to higher education policy, emphasizing quality, accountability, and value, and has remained committed to addressing threats to American values and vulnerable populations on key social and cultural issues. Additionally, the institute has worked on advancing a healthcare agenda focusing on affordability, a new contract on work for American workers, and launching a new effort on entrepreneurial equity.

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Impact




October, 2024

The Third Way Institute significantly influences the policy landscape by promoting centrist solutions across a range of critical issues. Through its climate and energy initiatives, the Institute has shifted the discourse from a solely renewable energy focus to a more inclusive approach that embraces every technology capable of addressing climate change. This has fostered a diverse coalition of partners and secured legislative wins, such as contributions to the Inflation Reduction Act.

In the realm of social policy, education, and politics, Third Way dives deep into voter analysis, helping policymakers understand the priorities of diverse American demographics. This data-driven approach shapes a comprehensive federal quality agenda that emphasizes value in higher education and addresses contentious social issues by crafting proposals for broad societal appeal.

The Institute's economic program tackles pressing concerns like healthcare affordability and workforce development, advocating for policies that ensure economic opportunity is accessible to all. The launch of initiatives focused on entrepreneurial equity seeks to address systemic barriers faced by minority and female entrepreneurs, thus enhancing wealth creation and economic diversity.

On national security, Third Way has established initiatives to prepare policymakers for contemporary threats, particularly regarding digital strategy in relation to China and the growing urgency of cybersecurity measures, ensuring that American interests are safeguarded in an increasingly complex global landscape. Through its multifaceted efforts, Third Way Institute drives meaningful change and fosters dialogue around centrist policy solutions that resonate with a broad audience.




This information is meant to be a general summary of Third Way Institute. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$16,673,694 (2022)
201120122013201420152016201720182019202020212022$0$4.5M$9M$13.5M$18M
Expenses
$18,624,669 (2022)
201120122013201420152016201720182019202020212022$0$5M$10M$15M$20M
Efficiency
2011201220132014201520162017201820192020202120220%0.6%1.2%1.8%2.4%3%

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $249,840
  • Gross Receipts: $25,027,398

Assets and Liabilities:

  • Total Assets: $31,095,329
  • Total Liabilities: $16,423,839
  • Net Assets: $14,671,490

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Organization Details

Founding Year

2006

Principal Officer

Jonathan Cowan

Main Address

1025 CONNECTICUT AVE NW SUITE 400, WASHINGTON, DC, 20036

NTEE Category

Code: R05 - Civil rights

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