Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1989.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
79 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
7 people listed on the 990.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| William Marshall | — | $1,085,908 | $255,000 | $255,000 | $255,000 |
| Lindsay Lewis | $387,000 | $297,600 | — | — | — |
| Will Marshall | $330,000 | — | — | — | — |
| Lindsay Mark Lewis | — | — | $294,567 | $258,083 | $255,000 |
| Bruno Manno | $293,843 | $171,408 | — | — | — |
| Michael Mandel | $240,000 | $240,000 | $240,000 | $240,000 | $240,000 |
| Diana Moss | $240,000 | $240,000 | $77,500 | — | — |
| Edward Gresser | $219,000 | $219,000 | $219,000 | $219,000 | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Promotes civic responsibility and public entrepreneurship to advance progressive government.
Questions for The Third Way Foundation INC
Your first name shows with your question. The Third Way Foundation INC answers here, for everyone.
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Research study of public policy solutions to a broad array of domestic policy concerns
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $904K | $11.1M |
| Land, buildings, equipmentLn 10c | $0 | $19K |
| Total assetsLn 16 | $904K | $11.1M |
| LiabilitiesLn 26 | $29K | $297K |
| Net assetsLn 32 | $875K | $10.8M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Other salaries and wagesLn 7 | $2.0M | $1.6M | $390K | |
| Pension plan contributionsLn 8 | $76K | $61K | $15K | |
| Other employee benefitsLn 9 | $239K | $191K | $48K | |
| Payroll taxesLn 10 | $145K | $116K | $29K | |
| Management feesLn 11a | $18K | $14K | $4K | |
| Legal feesLn 11b | $10K | $8K | $2K | |
| Accounting feesLn 11c | $15K | $12K | $3K | |
| Other fees for servicesLn 11g | $457K | $455K | $1K | |
| Advertising and promotionLn 12 | $14K | $11K | $3K | |
| Office expensesLn 13 | $42K | $34K | $8K | |
| OccupancyLn 16 | $239K | $239K | ||
| TravelLn 17 | $91K | $73K | $18K | |
| Depreciation, depletion and amortizationLn 22 | $2K | $2K | ||
| InsuranceLn 23 | $8K | $8K | ||
| Other expenses (24a–d)Ln 24 | $403K | $399K | $4K | |
| All other expensesLn 24e | $52K | $21K | $31K | |
| Total functional expensesLn 25 | $3.8M | $3.0M | $806K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $11.3M | $9.5M | $1.8M | $19.7M | 990 PDF |
| FY2024 | $11.1M | $10.9M | $198K | $16.6M | 990 PDF |
| FY2023 | $9.2M | $7.6M | $1.5M | $15.7M | 990 PDF |
| FY2022 | $7.3M | $6.2M | $1.1M | $13.0M | 990 PDF |
| FY2021 | $7.1M | $5.4M | $1.7M | $12.8M | 990 PDF |
| FY2020 Viewing | $13.7M | $3.8M | $10.0M | $10.8M | 990 PDF |
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Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $13,724,985 revenue, 12 lines filed
Part VI · Governance 6 of 8 board members independent, no flags
Part VIII · Statement of revenue $13,724,985 across 4 lines filed
Part IX · Statement of functional expenses $3,761,093 across 16 lines filed
Part X · Balance sheet $11,136,110 assets, 8 lines filed
Part XI · Reconciliation of net assets $10,839,104 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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