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The Third Way Foundation Inc

  • Washington, DC
  • Tax-exempt since June 1989
  • EIN: 52-1629221

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn’t provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$7.34M (2022)

Expenses
$6.2M (2022)

Total Assets
$13M (2022)

Total Liabilities
$4.79k (2022)

Source: Form 990 tax filings from 2010 to 2022

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,340,480
Expenses
$6,197,734
Net Income
$1,142,746
Net Assets
$13,004,575
Notable Sources of Revenue Percent of Total Revenue
Contributions $7,133,107
97.2%
Program Services $0
Investment Income $224,305
3.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$16,932
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $3,094,051
49.9%
Assets/Debt
Total Assets $13,009,369
Total Liabilities $4,794
Net Assets $13,004,575
Compensation
Key Employees and Officers Compensation Related Other
Lindsay Mark Lewis (Executive Director) $258,083 $0 $0
William Marshall (President) $255,000 $0 $0
Michael Mandel (Chief Economist) $240,000 $0 $0
Edward Gresser (Vice President) $219,000 $0 $0
Sarah Paden (Vice President) $150,687 $0 $0
Benjamin A Ritz (Director) $137,500 $0 $0
Tressa A Pankovits (Co Director) $128,750 $0 $0
Curtis Valentine (Co Director) $128,750 $0 $0
Steven Neely Brown (Director) $119,167 $0 $0
Jeremiah Johnson (Policy Director) $118,333 $0 $0
Jordan Shapiro (Director) $105,000 $0 $0
Stuart Malec (Director) $102,222 $0 $0
Paul Weinstein Jr (Director) $0 $0 $0
Bill Budinger (Director) $0 $0 $0
Chris Kelly (Director) $0 $0 $0
William Galston (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Aug. 14, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,131,320
Expenses
$5,426,330
Net Income
$1,704,990
Net Assets
$12,798,898
Notable Sources of Revenue Percent of Total Revenue
Contributions $6,979,772
97.9%
Program Services $0
Investment Income $152,120
2.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$572
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $2,568,936
47.3%
Assets/Debt
Total Assets $12,806,681
Total Liabilities $7,783
Net Assets $12,798,898
Compensation
Key Employees and Officers Compensation Related Other
William Marshall (President) $255,000 $0 $0
Lindsay Mark Lewis (Executive Director) $255,000 $0 $0
Michael Mandel (Chief Economist) $240,000 $0 $0
Areille S Kane (Director) $120,000 $0 $0
Tressa A Pankovits (Co Director) $115,000 $0 $0
Curtis Valentine (Co Director) $115,000 $0 $0
Steven Neely Brown (Director) $110,000 $0 $0
Jeremiah Johnson (Policy Director) $110,000 $0 $0
Paul Weinstein Jr (Director) $0 $0 $0
Bill Budinger (Director) $0 $0 $0
Chris Kelly (Director) $0 $0 $0
David Rothkopf (Director) $0 $0 $0
William Galston (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on May 10, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$13,724,985
Expenses
$3,761,093
Net Income
$9,963,892
Net Assets
$10,839,104
Notable Sources of Revenue Percent of Total Revenue
Contributions $13,724,009
100.0%
Program Services $0
Investment Income $976
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $1,950,720
51.9%
Assets/Debt
Total Assets $11,136,110
Total Liabilities $297,006
Net Assets $10,839,104
Compensation
Key Employees and Officers Compensation Related Other
Bill Budinger (Director) $0 $0 $0
Chris Kelly (Director) $0 $0 $0
David Rothkopf (Director) $0 $0 $0
William Galston (Director) $0 $0 $0
William Marshall (President) $0 $230,000 $0
Lindsay Mark Lewis (Executive Director) $0 $226,500 $0
Michael Mandel (Chief Economist) $0 $230,000 $0
+ View more people

Document Links

990
Filed on May 12, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,920,478
Expenses
$3,926,941
Net Income
-$6,463
Net Assets
$875,212
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,920,062
100.0%
Program Services $0
Investment Income $416
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $1,743,714
44.4%
Assets/Debt
Total Assets $904,425
Total Liabilities $29,213
Net Assets $875,212

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,779,404
Expenses
$3,662,965
Net Income
$116,439
Net Assets
$881,674
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,733,623
98.8%
Program Services $0
Investment Income $348
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $45,433
1.2%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $1,574,997
43.0%
Assets/Debt
Total Assets $964,487
Total Liabilities $82,813
Net Assets $881,674

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,101,404
Expenses
$2,885,081
Net Income
$216,323
Net Assets
$765,235
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,072,994
99.1%
Program Services $0
Investment Income $305
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $28,105
0.9%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $1,035,438
35.9%
Assets/Debt
Total Assets $840,020
Total Liabilities $74,785
Net Assets $765,235

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,743,046
Expenses
$2,269,580
Net Income
$473,466
Net Assets
$473,466
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,706,684
98.7%
Program Services $0
Investment Income $62
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $36,300
1.3%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $670,000
29.5%
Professional Fundraising Fees $0
Other Salaries and Wages $240,000
10.6%
Assets/Debt
Total Assets $473,466
Total Liabilities $0
Net Assets $473,466

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF
PDF (2 of 2)

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,940,413
Expenses
$1,986,255
Net Income
-$45,842
Net Assets
$367,568
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,895,000
97.7%
Program Services $0
Investment Income $413
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $45,000
2.3%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $541,000
27.2%
Professional Fundraising Fees $0
Other Salaries and Wages $488,720
24.6%
Assets/Debt
Total Assets $367,568
Total Liabilities $0
Net Assets $367,568

No Document Links

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,940,413
Expenses
$1,986,255
Net Income
-$45,842
Net Assets
$367,568
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,895,000
97.7%
Program Services $0
Investment Income $413
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $45,000
2.3%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $541,000
27.2%
Professional Fundraising Fees $0
Other Salaries and Wages $488,720
24.6%
Assets/Debt
Total Assets $367,568
Total Liabilities $0
Net Assets $367,568

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,903,318
Expenses
$1,592,439
Net Income
$310,879
Net Assets
$310,879
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,854,454
97.4%
Program Services $0
Investment Income $114
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $48,750
2.6%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $431,186
27.1%
Professional Fundraising Fees $0
Other Salaries and Wages $410,885
25.8%
Assets/Debt
Total Assets $433,410
Total Liabilities $122,531
Net Assets $310,879

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,366,000
Expenses
$1,243,417
Net Income
$122,583
Net Assets
$105,483
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,321,000
96.7%
Program Services $0
Investment Income $48
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $45,000
3.3%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $262,659
21.1%
Professional Fundraising Fees $0
Other Salaries and Wages $259,263
20.9%
Assets/Debt
Total Assets $125,483
Total Liabilities $20,000
Net Assets $105,483

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,030,281
Expenses
$991,281
Net Income
$39,000
Net Assets
$48,000
Notable Sources of Revenue Percent of Total Revenue
Contributions $968,000
94.0%
Program Services $0
Investment Income $31
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $26,250
2.5%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $36,000
3.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $255,833
25.8%
Professional Fundraising Fees $0
Other Salaries and Wages $256,678
25.9%
Assets/Debt
Total Assets $451,406
Total Liabilities $403,406
Net Assets $48,000

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF
PDF (2 of 2)

Fiscal Year Ending Dec.
2010

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$905,960
Expenses
$1,082,972
Net Income
-$177,012
Net Assets
-$70,141
Notable Sources of Revenue Percent of Total Revenue
Contributions $905,690
100.0%
Program Services $0
Investment Income $89
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $181
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $255,360
23.6%
Professional Fundraising Fees $21,079
1.9%
Other Salaries and Wages $395,705
36.5%
Assets/Debt
Total Assets $469,151
Total Liabilities $539,292
Net Assets -$70,141

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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Byline

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated