Form 990 for tax year 2023

Totals

Total revenue

$18,435,203

Total expenses

$20,439,102

Contributions and grants received

$17,689,532

Grants paid

$19,809,000

Program service revenue

$0

Investment income

$745,671

Other revenue

$0

Total assets, end of year

$31,865,844

Total liabilities, end of year

$15,705,983

Net assets or fund balances, end of year

$16,159,861

Program services expenses (Part IX)

$20,028,072

Management and general expenses

$405,814

Fundraising expenses

$5,216

Program service expenses (Part III)

$20,028,072

Program services were 98.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Mission and programs · 2023

• THIRD WAY INSTITUTE SUPPORTS THE DEVELOPMENT OF EDUCATIONAL MATERIALS AND EVENTS ON THE POLICY CHALLENGES FACED BY AMERICA, FOCUSING ON A WIDE VARIETY OF POLICY ISSUES.CLIMATE AND ENERGYOUR WORK IN 2023 RESPONDED DIRECTLY TO THE HISTORIC PASSAGE OF THE INFLATION REDUCTION ACT, BIPARTISAN INFRASTRUCTURE LAW, AND CHIPS SCIENCE LAW WHICH NOW PROVIDES THE U.S. THE OPPORTUNITY TO DEVELOP, DEPLOY, AND EXPORT THE CLEAN ENERGY THE U.S. AND THE REST OF THE WORLD NEEDS TO ADDRESS CLIMATE CHANGE AND IMPORTANTLY, ADDRESS NATIONAL SECURITY, ECONOMIC, AND COMPETITIVENESS IMPERATIVES. THROUGHOUT 2023 WE WORKED IN THE FOLLOWING THREE AREAS: 1) WE CHANNELED THE INVESTMENTS FROM BOTH THE INFLATION REDUCTION ACT (IRA) AND THE BIPARTISAN INFRASTRUCTURE LAW (BIL) INTO THE PROPER AVENUES TO MAXIMIZE IMPACT, 2) WE TOLD THE STORY OF THESE WINS AS ECONOMIC OPPORTUNITIES THAT BENEFIT THE AMERICAN PEOPLE AND THEIR COMMUNITIES, AND 3) WE WORKED TO REFORM THE PERMITTING PROCESS TO REMOVE OBSTACLES THAT STAND IN THE WAY OF CONSTRUCTING MASSIVE CLEAN ENERGY PROJECTS.SOCIAL POLICY, EDUCATION AND POLITICSADDRESSING THREATS ON SOCIAL ISSUES: THIRD WAY REMAINS COMMITTED TO ADDRESSING THREATS TO AMERICAN VALUES AND VULNERABLE POPULATIONS ON KEY SOCIAL AND CULTURAL ISSUES. WE EMPLOYED VARIOUS TACTICS TO MAKE PROGRESS ON CRIME, IMMIGRATION, MARIJUANA, AND LGBT RIGHTS IN THE PAST YEAR. THIS INCLUDED:* RELEASING A FOLLOW UP TO OUR RED STATE MURDER PROBLEM REPORT SHOWING THAT HOMICIDE RATES HAVE BEEN HIGHER IN RED STATES THAN BLUE STATES EVERY YEAR THIS CENTURY TO PUSH BACK ON THE NARRATIVE THAT CRIME IS CAUSED BY CRIMINAL JUSTICE REFORM POLICIES.* TESTIFYING AT A CONGRESSIONAL HEARING ON VIOLENT CRIME IN MANHATTAN TO PUSH BACK ON THE NARRATIVE THAT CRIME IS OUT OF CONTROL IN CITIES LIKE NEW YORK THAT HAVE IMPLEMENTED CRIMINAL JUSTICE REFORMS AND BAIL REFORM. * RELEASING A SERIES OF MEMOS TO HELP SHIFT THE NARRATIVE ON IMMIGRATION BY HIGHLIGHTING ACTIONS THAT HAVE BEEN TAKEN TO IMPROVE BORDER SECURITY AND ADVOCATING FOR MORE POLICIES THAT WOULD RESTORE ORDER AT THE BORDER. * CONDUCTING AND PRESENTING SEVERAL ROUNDS OF PUBLIC OPINION RESEARCH ON VOTERS' ATTITUDES TOWARDS ISSUES AROUND TRANSGENDER YOUTH, SPECIFICALLY ON SPORTS PARTICIPATION AND MEDICAL CARE, AND SHARING MESSAGING GUIDANCE TO REACH CONFLICTED AUDIENCES.* SUPPORTING BIPARTISAN PROGRESS AROUND GUN SAFETY AND MARIJUANA POLICY THROUGH A SERIES OF SHORT MEMOS AND EXPLAINERS. 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. DEFINING WHAT AMERICANS WANT FROM WASHINGTON: OUR POLITICS TEAM WORKED DILIGENTLY TO UNDERSTAND HOW AMERICANS VIEW THE POLITICAL SYSTEM, POLICYMAKERS IN WASHINGTON, AND POLICY ACTIONS THEY TOOK, IN ORDER TO INFORM THE PUBLIC ABOUT SHIFTING TRENDS AND PRIORITIES IN WHAT THE PUBLIC WANTS FROM THEIR GOVERNMENT. ECONOMICIN 2023, OUR 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 COSTS; AND 3) EXPANDING AWARENESS OF ENTREPRENEURIAL INEQUITY IN AMERICA.NATIONAL SECURITYIN 2023, THE NATIONAL SECURITY PROGRAM MADE A STRATEGIC SHIFT TO FOCUS MORE AGGRESSIVELY ON THE NATIONAL SECURITY THREATS AND OPPORTUNITIES OF ARTIFICIAL INTELLIGENCE, BOTH IN GENERAL AND AS IT RELATES TO CHINA. WHEN MICROSOFT UNVEILED CHAT GBT IN 2022, WE SAW THIS AS A GAME-CHANGING MOMENT FOR NATIONAL SECURITY. 1) WE EDUCATED POLICYMAKERS ON ARTIFICIAL INTELLIGENCE, INCLUDING HOW IT WORKS AND WHAT IT CAN OR MAY DO, BOTH GOOD AND BAD. 2) WE FURTHERED OUR US-CHINA DIGITAL WORLD ORDER INITIATIVE WORK BY EDUCATING POLICYMAKERS ON THE STRENGTHS AND WEAKNESSES CHINA PRESENTS ON AI. 3) WE CONTINUED WORKING WITH STAKEHOLDERS AND POLICYMAKERS ON NAVIGATING NATIONAL SECURITY ISSUES.ARTIFICIAL INTELLIGENCE: WILL ARTIFICIAL INTELLIGENCE MAKE AMERICA AND THE WORLD MORE OR LESS SECURE? SOME BELIEVE ARTIFICIAL INTELLIGENCE MAY LEAD TO THE END OF THE HUMAN RACE; OTHERS SAY IT WILL UNLEASH UNLIMITED POTENTIAL AND GREAT BENEFITS. US-CHINA DIGITAL GLOBAL 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 OF PRIORITIZING DIGITAL GOVERNANCE IN NATIONAL SECURITY THROUGH WORK.NATIONAL SECURITY EDUCATIONAL EFFORTS: OUR EDUCATIONAL EFFORTS ON NATIONAL SECURITY INCLUDED:* REGULARLY SCANNING CHINESE MEDIA AND NOTING ITEMS OF INTEREST FOR POLICYMAKERS;* INTRODUCING POLICYMAKERS TO XI JINPING'S INNER CIRCLE AND HOW THEY GOT THEIR JOBS AND THE ROLES THEY WILL PLAY IN CHINA'S LEADERSHIP;* EXPLORING CYBER THREATS LIKE SPYWARE AND INFORMING POLICYMAKERS;* EDUCATING LEADERS ON THE TOP ONGOING NATIONAL SECURITY CHALLENGES AND CONFLICTS AROUND THE WORLD AND THE MOST PRESSING IMPLICATIONS TO U.S. NATIONAL SECURITY INTERESTS IN THE SHORT AND LONG-TERM;* EXPLAINING THE EVOLVING GEOPOLITICAL LANDSCAPE AND THE COMPLEXITY OF OUR DIPLOMATIC RELATIONSHIPS WITH ALLIES, ADVERSARIES, AND TOP COMPETITORS.

  Expenses $20,028,072 · Grants $19,809,000

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

• THIRD WAY

  $19,809,000

  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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

• THIRD WAY

  501(C)(4) · TO RESEARCH AND DEVELOP CENTRIST POLICY IDEAS. · DC

Provenance

Return type

form_990

Tax year

2023

Filed

9 May 2024

IRS schema version

2023v5.0

Source object

202401309349302170

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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