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← THIRD WAY INSTITUTE

Form 990 for tax year 2024

Filed by THIRD WAY INSTITUTE.

Totals

Total revenue
$19,278,889
Total expenses
$22,331,511
Contributions and grants received
$17,431,767
Grants paid
$21,902,000
Program services expenses (Part IX)
$22,111,700
Management and general expenses
$213,234
Fundraising expenses
$6,577
Program service expenses (Part III)
$22,111,700

Program services were 99.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • JONATHAN COWAN

    PRESIDENT

    Total calculated
    $454,588
    From this org
    $0
    From related orgs
    $413,118
    Other
    $41,470
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $0 + $413,118 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $13,800 related
    Nontaxable benefits
    $0 + $27,670 related
    Filer's total
    $0 + $454,588 related

  • DAVID HELLER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • JACQUIE LAWING EBERT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • THURGOOD MARSHALL JR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • ROGAN KERSH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • STEVE J DIETERLE CFO

    BOARD TREASURER

    Total calculated
    $188,420
    From this org
    $0
    From related orgs
    $181,205
    Other
    $7,215
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $181,205 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,215 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $188,420 related

  • MATTHEW BENNETT

    SECRETARY

    Total calculated
    $420,593
    From this org
    $0
    From related orgs
    $379,453
    Other
    $41,140
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $379,453 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $13,800 related
    Nontaxable benefits
    $0 + $27,340 related
    Filer's total
    $0 + $420,593 related

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 — 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

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

FORM 990, SCHEDULE J, PART II:
ALL EMPLOYEES' WAGES (REPORTED ON FORM W-2) ARE PAID BY THIRD WAY. HOWEVER, BECAUSE EMPLOYEES PERFORM WORK FOR BOTH THIRD WAY AND THIRD WAY INSTITUTE, THE COSTS ARE SHARED. THIRD WAY TRACKS AND ANALYZES HOW MUCH TIME AND EXPENSE IS DEVOTED TO EACH ORGANIZATION, THEN ALLOCATES EXPENSES ACCORDINGLY BETWEEN THE TWO ENTITIES.

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

    $21,902,000

    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
2024
Filed
11 November 2025
IRS schema version
2024v5.2
Source object
202543159349301669

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