2024-11-15T10:46:35-06:00 2023-12-31 WITHUMSMITHBROWNPC 4600 EAST WEST HWY 900 BETHESDA MD 208143423 990 2023-01-01 462450336 ECONOMIC INNOVATION GROUP INC % JOHN LETTIERI ECON 2028393713 1307 NEW YORK AVE NW Suite 501 WASHINGTON DC 20005 JOHN LETTIERI PRESIDENT & CEO 2028393713 2024-11-15 true true RICHARD RUVELSON P00234075 3012726000 2024-11-15 2023 2024-10-15 13:58:12Z JOHN LETTIERI 1307 NEW YORK AVE NW STE 501 WASHINGTON DC 20005 6446450 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 23 0 0 0 4839847 6222807 296375 198145 75409 25498 0 0 5211631 6446450 0 0 0 0 2961442 3147076 45000 0 0 2020396 1634670 5026838 4781746 184793 1664704 5972654 7784859 530895 636142 5441759 7148717 X SEE SCHEDULE O false false 4121859 0 198145 SEE SCHEDULE O 4121859 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 20 0 true 23 true false false false false false false false false X 4 3 true false false false true true true true false false false true true true true true true true false 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 466658 0 52382 Adam Ozimek Chief Economist 40.0 0.0 X 306980 0 44861 Jennifer Nordquist Executive Vice President 40.0 0.0 X 322834 0 17391 Milica Cosic Chief of Staff 40.0 0.0 X 214934 0 18434 Kenan Fikri Director of Research 40.0 0.0 X 214779 0 10447 Catherine Lyons Director of Policy & Coalition 40.0 0.0 X 154988 0 30452 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 JAMES LEE SORENSON DIRECTOR 1.0 0.0 X 0 0 0 1681173 0 173967 6 false true false WASHINGTON TAX GROUP LLC 1999 K STREET NW WASHINGTON DC 20005 CONSULTING/GOVT REL. 190000 STEPTOE JOHNSON LLP 1330 CONNECTICUT AVE WASHINGTON DC 200361795 LEGAL/GOVT.RELATIONS 143000 Stamen Design LLC 2017 Mission Street Suite 300 SAN FRANCISCO CA 94110 design/technology 103000 3 126753 6096054 6222807 OPPORTUNITY ZONES COALITION 900099 173027 173027 DATA LICENSING FEES 900099 25118 25118 198145 25498 25498 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6446450 198145 0 25498 0 0 0 0 516593 387445 129148 0 2239961 2101733 138228 104313 99028 5285 117012 80383 36629 169197 154238 14959 0 156000 156000 72878 72878 190000 190000 0 0 230623 196924 33699 0 3572 3572 48471 31627 16844 230431 226790 3641 0 361043 324513 36530 73426 73426 0 77478 77478 0 0 10602 10602 2975 2975 CREATIVE SERVICES 123410 123410 DUES & SUBSCRIPTIONS 30515 30515 ONLINE SERVICES 22676 20382 2294 TAXES LICENSESS & FEES 440 395 45 130 130 4781746 4121859 659887 0 323826 105978 5400003 7447308 0 0 143500 160942 0 0 0 0 0 0 0 0 58690 25644 126926 88479 40095 38447 0 0 0 0 0 0 0 0 6540 6540 5972654 7784859 141438 229890 0 0 81083 71250 0 0 0 0 0 0 0 0 0 0 308374 335002 530895 636142 X 0 0 0 0 5441759 7148717 5441759 7148717 5972654 7784859 1664704 42254 X false false false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 36550 13224 23326 19494 10454 9040 70882 64801 6081 38447 0 ACCRUED VACATION & BONUS PAYABLE 335002 335002 X true true X X X X false false false false false false false true false John Lettieri PRESIDENT & CEO 387387 0 79271 0 0 0 16500 0 35882 0 519040 0 0 0 Adam Ozimek Chief Economist 255105 0 51875 0 0 0 15281 0 29580 0 351841 0 0 0 Jennifer Nordquist Executive Vice President 274022 0 48812 0 0 0 15705 0 1686 0 340225 0 0 0 Milica Cosic Chief of Staff 173159 0 41775 0 0 0 10569 0 7865 0 233368 0 0 0 Kenan Fikri Director of Research 175160 0 39619 0 0 0 10447 0 0 0 225226 0 0 0 Catherine Lyons Director of Policy & Coalition 124817 0 30171 0 0 0 7823 0 22629 0 185440 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. 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: 2023 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 2023 INCLUDE: RESEARCH FOCUSED ON ECONOMICALLY DISTRESSED COMMUNITIES AND BOOSTING ECONOMIC DYNAMISM. ---------------------------------------------------------------------- EIG PUBLISHED FIVE MAJOR RESEARCH PROJECTS IN 2023, INCLUDING A REPORT TITLED "ADVANCING ECONOMIC DEVELOPMENT IN PERSISTENT-POVERTY COMMUNITIES" REVEALING THE SCALE OF GEOGRAPHICALLY-CONCENTRATED POVERTY IN THE U.S.; A PROJECT TITLED "IMMIGRATION POLICY IS INNOVATION POLICY" ELEVATING STATISTICS AND STORIES OF HOW SKILLED IMMIGRANTS FUEL AMERICAN DYNAMISM THROUGH ENTREPRENEURSHIP, INNOVATION, AND COMMUNITY REVITALIZATION; A PAPER TITLED "TRENDS IN U.S. BUSINESS DYNAMISM AND THE INNOVATION LANDSCAPE" ASSESSING THE RELATIONSHIP BETWEEN THE DECADES-LONG DECLINE IN ECONOMIC DYNAMISM AND PATENT LITIGATION; A BRIEF TITLED "NONCOMPETE CLAUSES: A POLICYMAKER'S GUIDE THROUGH THE KEY QUESTIONS AND EVIDENCE AND AN UPDATED VERSION OF THE "INDEX OF STATE DYNAMISM" (ISD) PROVIDING A COMPARATIVE MEASURE OF ECONOMIC DYNAMISM ACROSS STATES GOING BACK NEARLY THREE DECADES. POLICIES TO SUPPORT ECONOMICALLY DISTRESSED COMMUNITIES AND BOOST ECONOMIC DYNAMISM. ----------------------------------------------------------------------- EIG WORKED WITH CONGRESS ON BIPARTISAN POLICIES TO BOOST MOBILITY FOR AMERICAN WORKERS BY RESTRICTING THE USE OF NON-COMPETE AGREEMENTS AND ALSO TO STRENGTHEN RETIREMENT SECURITY FOR TENS OF MILLIONS OF HARDWORKING AMERICANS THROUGH A LONG-TERM SAVINGS PROGRAM. 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. EIG ALSO PROVIDED TECHNICAL POLICY EXPERTISE TO THE U.S. DEPARTMENT OF COMMERCE ON THE TECH HUBS AND RECOMPETE PILOT PROGRAMS THROUGH COMMENT LETTER SUBMISSIONS. 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; SPOTLIGHTING THE IMPORTANCE OF HIGH-SKILLED IMMIGRATION; 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. 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