2019-11-15T12:16:30-06:00 2018-12-31 WITHUMSMITHBROWNPC 4600 EAST WEST HWY 900 BETHESDA MD 208143423 990 2018-01-01 462450336 ECONOMIC INNOVATION GROUP INC % JOHN LETTIERI ECON 2028393713 616 H STREET NW Suite 550 WASHINGTON DC 20001 JOHN LETTIERI PRESIDENT & CEO 2028393713 2019-11-13 true RICHARD L RUVELSON P00234075 3012726000 209.190.253.84 22006220193195000136 2019-11-15 P 2CCACA4550841707C7CA1FACE3D4E1CA1CA63FAC 955FC4B26BB49CFDDA501BB2C8C2589D0A555FE7 2018 2020-03-31 21:24:44Z JOHN LETTIERI 616 H STREET NW SUITE 550 WASHINGTON DC 20001 3366456 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. 4 3 15 1 0 10748 2960000 3038400 0 323208 3062 4848 0 0 2963062 3366456 0 0 0 0 1590405 1602149 0 0 0 1470908 1451007 3061313 3053156 -98251 313300 587580 1076413 280136 455669 307444 620744 X SEE SCHEDULE O false false 2412640 323208 SEE SCHEDULE O 2412640 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 false false false false false true false false true 11 0 true 15 true true true false false false false false false false X 4 3 true false false false true true true true true false false true true true true true true true true false X JOHN LETTIERI 2028393713 616 H STREET NW SUITE 550 WASHINGTON DC 20001 X SEAN PARKER CHAIR OF THE BOARD 2.0 0.0 X X 0 0 0 MICHAEL POLANKSY SECRETARY/TREASURER 2.0 0.0 X X 0 0 0 JOE SANBERG DIRECTOR 2.0 0.0 X 0 0 0 JOHN LETTIERI PRESIDENT & CEO(AS OF 7/23/18) 40.0 0.0 X X 416442 0 33235 STEVEN GLICKMAN CEO (THRU 07/22/2018) 40.0 0.0 X 366336 0 28596 AMANDA BYRD DIR. OF COMM. & PUBLIC AFFAIRS 40.0 0.0 X 146495 0 11490 KENAN FIKRI DIRECTOR OF RESEARCH 40.0 0.0 X 148886 0 23682 MILICA COSIC DIRECTOR OF OPERATIONS & ADMIN 40.0 0.0 X 126922 0 10671 1205081 0 107674 5 false true false STEPTOE JOHNSON LLP 1330 CONNECTICUT AVE NW WASHINGTON DC 200361795 LEGAL/GOVT.RELATIONS 371429 PRICEWATERHOUSECOOPERS LLP PO BOX 7247-8001 PHILADELPHIA PA 19170 ECONOMIC RESEARCH 155986 VRGE STRATEGIES LLC 1155 15TH STREET NW WASHINGTON DC 20005 PUBLIC RELATIONS 127500 Gregory Nickerson Washington Tax G 300 NEW JERSEY AVE NW SUITE 600 WASHINGTON DC 20001 GOVERNMENT RELATIONS 105000 4 3038400 3038400 DISTRESSED COMMUNITIES INDEX DATASET 900099 10500 OPPORTUNITY ZONES COALITION MEMBERSHIP 900099 312708 323208 4848 4848 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3366456 4848 0 0 0 0 799828 574601 225227 0 0 657137 539050 118087 18363 12704 5659 52199 36024 16175 74622 55614 19008 0 371001 281933 89068 40473 40473 214194 214194 0 0 271140 267311 3829 0 7158 7158 47267 27009 20258 68774 66718 2056 0 269453 208885 60568 91874 91874 0 6661 1344 5317 0 0 26523 26523 2644 2644 DUES & SUBSCRIPTIONS 10944 10944 0 ONLINE SERVICE 11134 8631 2503 0 CREATIVE SERVICES 5731 5731 0 0 TAXES, LICENSES & FEES 3536 415 3121 0 2500 2500 3053156 2412640 640516 0 235948 629755 250837 329237 0 0 0 10867 0 0 0 0 0 0 0 0 35173 67455 71229 60736 37016 10493 0 0 0 0 0 0 0 0 28606 28606 587580 1076413 103022 83159 0 0 0 217292 0 0 0 0 0 0 0 0 0 0 177114 155218 280136 455669 X 307444 620744 0 0 0 0 307444 620744 587580 1076413 313300 X false false false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 6662 5367 1295 0 2907 1938 969 0 61660 53431 8229 10493 0 ACCRUED VACATION & BONUS PAYABLE 148020 DEFERRED RENT 7198 155218 X true true X X X X false false false false false false false false false STEVEN GLICKMAN CEO (THRU 07/22/2018) 286336 0 80000 13750 0 18596 0 398682 0 0 0 JOHN LETTIERI PRESIDENT & CEO(AS OF 7/23/18) 345868 0 70574 13750 19485 449677 0 0 AMANDA BYRD DIR. OF COMM. & PUBLIC AFFAIRS 114337 0 32158 5788 0 5702 0 157985 0 0 0 KENAN FIKRI DIRECTOR OF RESEARCH 109920 0 38966 6064 22618 177568 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 FOR THE ORGANIZATION. THE ORGANIZATION DOES NOT TREAT THE FIRST CLASS TRAVEL COST WHEN PAID AS TAXABLE COMPENSATION. 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: THE ORGANIZATION IS ENGAGED IN ADVOCACY, COALITION BUILDING, EDUCATIONAL, AND PUBLIC RELATIONS ACTIVITIES THAT WILL PROVIDE A FORUM AND RESOURCE FOR THE CREATION, DISCUSSION, AND EXECUTION OF INNOVATIVE ECONOMIC POLICY. 2018 PROGRAM SERVICE ACCOMPLISHMENTS ==================================== OPPORTUNITY ZONES ----------------- THE OPPORTUNITY ZONES INCENTIVE WAS ESTABLISHED BY CONGRESS IN THE TAX CUTS AND JOBS ACT OF 2017 AS AN INNOVATIVE APPROACH TO SPURRING LONG- TERM PRIVATE INVESTMENTS IN LOW-INCOME URBAN AND RURAL COMMUNITIES NATIONWIDE. OPPORTUNITY ZONES IS BASED ON THE BIPARTISAN INVESTING IN OPPORTUNITY ACT, WHICH WAS CHAMPIONED BY SENATORS TIM SCOTT (R-SC) AND CORY BOOKER (D-NJ) AND REPRESENTATIVES PAT TIBERI (R-OH) AND RON KIND (D-WI), WHO LED A REGIONALLY AND POLITICALLY DIVERSE COALITION OF NEARLY 100 CONGRESSIONAL COSPONSORS. EIG ORIGINALLY DEVELOPED THE CONCEPT IN 2015 TO HELP ADDRESS THE PERSISTENT POVERTY AND UNEVEN RECOVERY THAT HAVE LEFT TOO MANY AMERICAN COMMUNITIES BEHIND. IN 2018, EIG PUBLISHED "THE STATE OF SOCIOECONOMIC NEED AND COMMUNITY CHANGE IN OPPORTUNITY ZONES," A DETAILED BASELINING OF PREVAILING SOCIAL AND ECONOMIC CONDITIONS ACROSS THE COUNTRY'S OPPORTUNITY ZONES. IN ADDITION, EIG CREATED A WORKING GROUP OF OVER 70 WIDE-RANGING STAKEHOLDER ORGANIZATIONS TO SHARE OPPORTUNITY ZONES BEST PRACTICES, TECHNICAL INFORMATION, DEVELOPMENTS, AND FACILITATE PEER-TO-PEER LEARNING. EIG'S 2018 DISTRESSED COMMUNITIES INDEX ---------------------------------------- EIG RELEASED ITS THIRD ANNUAL DISTRESSED COMMUNITIES INDEX (DCI), A CUSTOMIZED DATASET CREATED BY EXAMANING ECONOMIC DISTRESS THROUGHOUT THE COUNTRY AND MADE UP OF INTERACTIVE MAPS, INFOGRAPHICS, AND A REPORT. THE DCI CAPTURES DATA FROM MORE THAN 25,000 ZIP CODES (THOSE WITH POPULATIONS OVER 500 PEOPLE) AND COVERS 99 PERCENT, 312 MILLION, OF AMERICANS. AT LAUNCH, THE DCI RECEIVED PROMINNENT COVERAGE ACROSS THE COUNTRY. ESCAPE VELOCITY --------------- EIG PUBLISHED AN IN-DEPTH REPORT AND A SET OF INTERACTIVE CHARTS ILLUSTRATING HOW NATIONAL GROWTH IN THE NUMBER OF JOBS AND BUSINESS ESTABLISHMENTS HAS BEEN DISTRIBUTED ACROSS ALL TYPES OF COMMUNITIES. THE REPORT RECEIVED PROMINENT PRESS COVERAGE. PARTNERSHIPS AND EVENTS ----------------------- EIG CONVENED IMPORTANT ECONOMIC RESEARCH AND POLICY CONVERSATIONS WITH A WIDE ARRAY OF STAKEHOLDERS THROUGHOUT THE YEAR, INCLUDING "THE 8TH ANNUAL SUMMIT ON THE ECONOMY AN "OPPORTUNITY ZONES DINNER" AS PART OF THE RISE OF THE REST 2018 DC SUMMIT; AND AN "OPPORTUNITY ZONES STATE STRATEGY MEETING" WHICH WAS ATTENDED BY OVER 50 STATE AND LOCAL OFFICIALS. FORM 990, PART VI, LINE 2 - BUSINESS/FAMILY RELATIONSHIP: SEAN PARKER AND MICHAEL POLANSKY HAVE A BUSINESS RELATIONSHIP. 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 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 CHIEF EXECUTIVE OFFICER, WHO LEFT THE ORGANIZATION ON AUGUST 31, 2018, AND NEWLY APPOINTED 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. SEAN N PARKER FOUNDATION 314 LYTTON AVENUE SUITE 200 PALO ALTO CA 94301 274389819 GRANT MAKING CA 501(c)(3) PRIVATE FDN false false false false false false false false false false false false false false false false false false false false