2023-11-15T23:43:24-06:00 2022-12-31 WITHUMSMITHBROWNPC 4600 EAST WEST HWY 900 BETHESDA MD 208143423 990 2022-01-01 462450336 ECONOMIC INNOVATION GROUP INC % JOHN LETTIERI ECON 2028393713 1307 NEW YORK AVE NW Suite 501 WASHINGTON DC 20005 JOHN LETTIERI PRESIDENT & CEO 2028393713 2023-11-15 true JOHN LETTIERI 999009999 RICHARD RUVELSON P00234075 3012726000 2023-11-15 3 2022 2023-04-26 12:10:37Z X JOHN LETTIERI 1307 NEW YORK AVE NW STE 501 WASHINGTON DC 20005 5847175 false X www.EIG.ORG X 2013 DE PRIMARILY FOCUSED ON PUBLIC INTEREST RESEARCH AND ADVOCACY ACTIVITIES TO PROMOTE IDEAS, PUBLIC POLICY, AND INVESTMENT NEEDED TO DRIVE ECONOMIC GROWTH IN AMERICA. 5 4 22 0 0 0 5604261 4839847 508883 296375 96333 75409 0 0 6209477 5211631 0 0 0 0 2289308 2961442 0 45000 45000 2279800 2020396 4569108 5026838 1640369 184793 5887257 5972654 630291 530895 5256966 5441759 X SEE SCHEDULE O false false 4517729 0 296375 SEE SCHEDULE O 4517729 false true false false false false false false false true false false false true false false false false false false false false false false false false false false true false false false false false false false false true false false false false true false false true 18 0 true 22 true false false false false false false false false X 5 4 true false false false true true true true true false false true true true true true true true true false X JOHN LETTIERI 2028393713 1307 NEW YORK AVE NW SUITE 501 WASHINGTON DC 20005 X John Lettieri PRESIDENT & CEO 40.0 0.0 X X 466466 0 48126 Jennifer Nordquist Executive Vice President 40.0 0.0 X 305147 0 16815 Scott Shewcraft Vice President of Policy 40.0 0.0 X 273240 0 13662 Adam Ozimek Chief Economist 40.0 0.0 X 227180 0 31781 Kenan Fikri Director of Research 40.0 0.0 X 199786 0 9989 Milica Cosic Chief of Staff 40.0 0.0 X 186831 0 16608 SEAN PARKER CHAIR OF THE BOARD 1.0 0.0 X X 0 0 0 MICHAEL POLANKSY SECRETARY/TREASURER 1.0 0.0 X X 0 0 0 JOE SANBERG DIRECTOR (Thru May 2022) 1.0 0.0 X 0 0 0 JAMES LEE SORENSON DIRECTOR 1.0 0.0 X 0 0 0 1658650 0 136981 10 false true false STEPTOE JOHNSON LLP 1330 CONNECTICUT AVE WASHINGTON DC 200361795 LEGAL/GOVT.RELATIONS 268575 MAYER BROWN LLP 1999 K STREET NW WASHINGTON DC 20006 CONSULTING/GOVT REL. 212623 HAMILTON PLACE STRATEGIES LLC 805 15TH STREET NW 2ND FLOOR WASHINGTON DC 20005 PUBLIC RELATIONS 200000 ECHELON INSIGHTS 108 S WASHINGTON ST ALEXANDRIA VA 22314 RSRCH/DATA ANALYSIS 167383 WASHINGTON TAX GROUP LLC 1999 K STREET NW WASHINGTON DC 20006 CONSULTING/GOVT REL. 142500 5 346603 4493244 635544 4839847 OPPORTUNITY ZONES COALITION 900099 263283 263283 DATA LICENSING FEES 900099 33092 33092 296375 15808 15808 0 0 0 0 0 695145 635544 59601 59601 59601 0 0 0 0 0 0 0 0 0 0 0 5211631 296375 0 75409 0 0 0 0 502941 377206 125735 0 2110008 2014023 95985 100059 95344 4715 85344 76051 9293 163090 152162 10928 0 103375 103375 56481 56481 327938 327938 45000 45000 0 514122 498575 15547 3163 3163 93946 88102 5844 135905 132933 2972 0 283656 260228 23428 65275 65275 0 36916 36916 0 0 4414 4414 3448 3448 0 PUBLIC OPINION RESEARCH 204150 204150 CREATIVE SERVICES 69695 69695 ECONOMIC ANALYSIS SUPPORT 65867 65867 DUES & SUBSCRIPTIONS 2381 2381 49664 47720 1944 5026838 4517729 464109 45000 263309 323826 5400050 5400003 0 0 45500 143500 0 0 0 0 0 0 0 0 74936 58690 117972 77877 97 40095 0 0 0 0 0 0 0 0 103365 6540 5887257 5972654 221466 141438 0 0 98367 81083 0 0 0 0 0 0 0 0 0 0 310458 308374 630291 530895 X 0 0 0 0 5256966 5441759 5256966 5441759 5887257 5972654 184793 X false false false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 36550 8820 27730 10540 6369 4171 70882 62688 8194 40095 0 ACCRUED VACATION & BONUS PAYABLE 308374 308374 X true true X X X X false false false false false false false true false John Lettieri PRESIDENT & CEO 388138 0 78328 0 0 0 15250 0 32876 0 514592 0 0 0 Jennifer Nordquist Executive Vice President 260984 0 44163 0 0 0 15250 0 1565 0 321962 0 0 0 Scott Shewcraft Vice President of Policy 235750 0 37490 0 0 0 13662 0 0 0 286902 0 0 0 Adam Ozimek Chief Economist 194712 0 32468 0 0 0 11269 0 20512 0 258961 0 0 0 Kenan Fikri Director of Research 166819 0 32967 0 0 0 9989 0 0 0 209775 0 0 0 Milica Cosic Chief of Staff 155706 0 31125 0 0 0 9431 0 7177 0 203439 0 0 0 PART I, LINE 1 - FIRST CLASS TRAVEL: FIRST CLASS TRAVEL MAY BE APPROVED ON A CASE-BY-CASE BASIS IF IT'S DETERMINED THAT THE COST IS MINIMAL and it is beneficial to the business purpose of EIG. THE ORGANIZATION DOES NOT TREAT THE FIRST-CLASS TRAVEL COST WHEN PAID AS TAXABLE COMPENSATION. Part I, Line 7: NONFIXED PAYMENTS Bonus for the CEO is subject to board review and approval. Other employee's bonuses are based on performance review on a yearly basis by the CEO. X 1 635544 FMV false false false FORM 990, PART III, LINE 1 - ORGANIZATION'S MISSION EIG'S MISSION IS TO ADVANCE PUBLIC POLICY SOLUTIONS THAT EMPOWER ENTREPRENEURS AND INVESTORS TO FORGE A MORE DYNAMIC AND ENTREPRENEURIAL ECONOMY THROUGHOUT AMERICA. SPECIFICALLY, EIG IS FOCUSED ON DEVELOPING AND ADVOCATING FOR POLICIES THAT WILL REVITALIZE DISTRESSED COMMUNITIES THROUGH PRIVATE INVESTMENT, SUPPORT ENTREPRENEURSHIP AND THE GROWTH OF NEW BUSINESSES, AND CREATE AN ECOSYSTEM FOR A MORE INNOVATIVE U.S. ECONOMY. FORM 990, PART III - PROGRAM SERVICE, LINE 4A: 2022 PROGRAM SERVICE ACCOMPLISHMENTS ==================================== THE ECONOMIC INNOVATION GROUP (EIG) PUBLISHES ECONOMIC RESEARCH REPORTS AND POLICY ANALYSIS AND MAKES THEM AVAILABLE FOR EDUCATIONAL PURPOSES TO THE GENERAL PUBLIC ON EIG'S WEBSITE: WWW.EIG.ORG. EIG'S KEY ACHIEVEMENTS FOR 2022 INCLUDE: RESEARCH FOCUSED ON ECONOMICALLY DISTRESSED COMMUNITIES AND BOOSTING ECONOMIC DYNAMISM. ---------------------------------------------------------------------- EIG PUBLISHED FIVE MAJOR RESEARCH PROJECTS IN 2022, INCLUDING THE NEWEST EDITION OF THE DISTRESSED COMMUNITIES INDEX (DCI), A TOOL FOR ANALYZING THE GEOGRAPHY OF ECONOMIC WELL-BEING IN THE U.S.; A FLAGSHIP REPORT TITLED "THE CASE FOR ECONOMIC DYNAMISM AND WHY IT MATTERS FOR THE AMERICAN WORKER A CO-AUTHORED WHITE PAPER EXPLORING THE POTENTIAL IMPACT OF REMOTE WORK ON HOUSING AFFORDABILITY AND INFLATION; A NATIONAL VOTER SURVEY ON ATTITUDES TOWARD SKILLED IMMIGRATION; AND A NATIONAL VOTER SURVEY FOCUSED ON RETIREMENT SECURITY. IN ADDITION, EIG REGULARLY PUBLISHED REAL-TIME ANALYSIS ON KEY ECONOMIC TRENDS IMPACTING NEW BUSINESS FORMATION, SMALL BUSINESSES, AND AMERICAN WORKERS AND COMMUNITIES. POLICIES TO SUPPORT ECONOMICALLY DISTRESSED COMMUNITIES AND BOOST ECONOMIC DYNAMISM. ----------------------------------------------------------------------- EIG WORKED WITH CONGRESS ON BIPARTISAN POLICIES TO BOOST MOBILITY FOR AMERICAN WORKERS, INCLUDING BY RESTRICTING THE USE OF NON-COMPETE AGREEMENTS AND STRENGTHENING RETIREMENT SECURITY FOR TENS OF MILLIONS OF AMERICAN WORKERS THROUGH A LONG-TERM SAVINGS PROGRAM. EIG DEVELOPED THE INNOVATION HUBS INDEX TO SERVE AS A RESOURCE FOR POLICYMAKERS ESTABLISHING REGIONAL "INNOVATION HUBS" ACROSS THE COUNTRY. EIG REGULARLY UPDATES THE OPPORTUNITY ZONES ACTIVITY MAP, AN INTERACTIVE DIGITAL PORTAL HIGHLIGHTING INNOVATIVE INVESTMENTS, FUNDS, AND INITIATIVES LAUNCHED ACROSS THE COUNTRY, AND LEADS A WORKING GROUP OF WIDE-RANGING STAKEHOLDER ORGANIZATIONS TO SHARE OPPORTUNITY ZONES BEST PRACTICES, TECHNICAL INFORMATION, DEVELOPMENTS, AND FACILITATE PEER-TO-PEER LEARNING. EIG WORKED WITH A BIPARTISAN GROUP OF POLICYMAKERS TO IMPROVE THE OPPORTUNITY ZONES POLICY AND ENSURE ITS ALIGNMENT WITH CONGRESSIONAL INTENT. OUTREACH AND EVENTS ----------------------------------------------------------------------- EIG CONVENED AND PARTICIPATED IN ECONOMIC RESEARCH AND POLICY CONVERSATIONS WITH A WIDE ARRAY OF PARTNERS, STAKEHOLDERS, AND POLICYMAKERS THROUGHOUT THE YEAR FOCUSED ON ECONOMIC RESEARCH AND POLICY ISSUES, INCLUDING EFFORTS TO SUPPORT ENTREPRENEURS AND SMALL BUSINESSES; UNDERSTANDING THE CHALLENGES FACED BY AMERICAN WORKERS AND DISTRESSED COMMUNITIES; PROMOTING INCLUSIVE ACCESS TO CAPITAL; THE RISE OF REMOTE WORK; AND OTHER FOUNDATIONAL ECONOMIC ISSUES. FORM 990, PART VI, LINE 6 - EXPLANATION OF CLASSES OF MEMBERSHIP: THE CORPORATION CURRENTLY HAS ONE MEMBER. FORM 990, PART VI, LINE 7A - HOW MEMBERS ELECT GOVERNING BODY: The member(s) of the corporation elect(s) the directors. FORM 990, PART VI, LINE 7B - GOVERNANCE DECISIONS: The member of the corporation has voting rights as provided under Delaware law. FORM 990, PART VI, LINE 8B - Authority to act on behalf governing: The Board has no committees currently. If the Board creates committees, it will document the meetings held or written actions undertaken during the year. FORM 990, PART VI, LINE 11B - FORM 990 REVIEW PROCESS: THE FORM 990 IS PREPARED BY AN INDEPENDENT CERTIFIED ACCOUNTING FIRM,ENGAGED BY EIG, AND FORWARDS A DRAFT COPY OF THE FORM 990 FOR REVIEW BY THE PRESIDENT, LEGAL COUNSEL AND ACCOUNTING SERVICES. UPON APPROVAL OF THE FORM 990, A COPY IS THEN MADE AVAILABLE TO THE BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, LINE 12C - MONITORING CONFLICTS OF INTERESTS: THE ORGANIZATION'S CONFLICT OF INTEREST POLICY APPLIES TO DIRECTORS, OFFICERS, AND KEY EMPLOYEES. THE POLICY REQUIRES AN ANNUAL DISCLOSURE OF CONFLICTS OF INTEREST AS DESCRIBED IN THE POLICY. FORM 990, PART VI, LINE 15A - COMPENSATION REVIEW & APPROVAL: THE BOARD OF DIRECTORS APPROVED THE COMPENSATION OF THE PRESIDENT & CHIEF EXECUTIVE OFFICER. FORM 990, PART VI, LINE 19 - OTHER ORGANIZATION DOCUMENTS: GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO PUBLIC. FORM 990 PART IX LINE 11G DESCRIPTION:CONSULTANTS TOTAL FEES:202575 FORM 990 PART IX LINE 11G DESCRIPTION:PUBLIC RELATIONS TOTAL FEES:220000 FORM 990 PART IX LINE 11G DESCRIPTION:PROF SVCS TOTAL FEES:76000 FORM 990 PART IX LINE 11G DESCRIPTION:RECRUITING TOTAL FEES:8443 FORM 990 PART IX LINE 11G DESCRIPTION:PAYROLL FEES TOTAL FEES:3339 FORM 990 PART IX LINE 11G DESCRIPTION:401K ADMIN FEES TOTAL FEES:2893 FORM 990 PART IX LINE 11G DESCRIPTION:EXPENSIFY FEES TOTAL FEES:872 SEAN N PARKER FOUNDATION 314 LYTTON AVENUE SUITE 200 PALO ALTO CA 94301 274389819 GRANT MAKING CA 501(c)(3) PRIVATE FDN NA false false false false false false false false false false false false false false false false false false false false