2025-11-17T10:55:39-06:00 2024-12-31 WITHUMSMITHBROWNPC 4600 EAST WEST HWY 900 BETHESDA MD 208143423 990 2024-01-01 462450336 ECONOMIC INNOVATION GROUP INC % JOHN LETTIERI ECON 2028393713 1307 NEW YORK AVE NW Suite 501 WASHINGTON DC 20005 JOHN LETTIERI PRESIDENT & CEO 2028393713 2025-11-17 true true RICHARD RUVELSON P00234075 3012726000 2025-11-17 2024 2025-03-06 01:10:19Z JOHN LETTIERI 1307 NEW YORK AVE NW STE 501 WASHINGTON DC 20005 5679893 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 26 0 0 0 6222807 5318859 198145 199983 25498 161051 0 0 6446450 5679893 0 0 0 0 3147076 3346238 0 0 0 1634670 2459796 4781746 5806034 1664704 -126141 7784859 9370955 636142 2169643 7148717 7201312 X SEE SCHEDULE O false false 5074792 0 199983 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. 2024 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 2024 INCLUDE: RESEARCH FOCUSED ON ECONOMICALLY DISTRESSED COMMUNITIES AND BOOSTING ECONOMIC DYNAMISM. ------------------------------------------------------------------- EIG PUBLISHED FIVE MAJOR RESEARCH PROJECTS IN 2024, INCLUDING "THE AMERICAN WORKER PROJECT" FEATURING ORIGINAL EIG RESEARCH, PUBLIC OPINION RESEARCH, AND A WIDE-RANGING SERIES OF GUEST ESSAYS; A REIMAGINED VERSION OF OUR FLAGSHIP DISTRESSED COMMUNITIES INDEX WITH A POWERFUL INTERACTIVE MAP THAT ILLUMINATES OUR COUNTRY'S ECONOMIC DIVIDES; A REPORT AND DIGITAL INTERACTIVE TITLED "THE GREAT 'TRANSFER'-MATION" ILLUMINATING THE NATION'S RELIANCE ON INCOME FROM GOVERNMENT; A REPORT TITLED "HEARTLAND VISAS: A POLICY PRIMER A NATIONAL PUBLIC OPINION SURVEY EXPLORING AMERICAN VOTER'S OPINIONS ABOUT HIGH-SKILLED IMMIGRATION; AND A DIGITAL INTERACTIVE MAP TRACKING STATE NONCOMPETE LAWS. POLICIES TO SUPPORT ECONOMICALLY DISTRESSED COMMUNITIES AND BOOST ECONOMIC DYNAMISM. ------------------------------------------------------------------- EIG WORKED WITH CONGRESS ON BIPARTISAN POLICIES, INCLUDING: TO BOOST MOBILITY FOR AMERICAN WORKERS BY RESTRICTING THE USE OF NON-COMPETE AGREEMENTS; TO STRENGTHEN RETIREMENT SECURITY FOR TENS OF MILLIONS OF HARDWORKING AMERICANS THROUGH A LONG-TERM SAVINGS PROGRAM; AND TO BOOST HIGH-SKILLED IMMIGRATION TO COMMUNITIES STRUGGLING WITH DEMOGRAPHIC DECLINE. 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 EXPANDED ITS REACH WITH THE ACQUISITION AND RELAUNCH OF "THE NEW BAZAAR" PODCAST AND THE "AGGLOMERATIONS" NEWSLETTER. 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 PLACE BASED POLICY; 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. 5074792 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 37 0 true 26 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 479718 0 55589 Adam Ozimek Chief Economist 40.0 0.0 X 316133 0 47896 Jennifer Nordquist Executive Vice President 40.0 0.0 X 329953 0 18235 Milica Cosic Chief of Staff 40.0 0.0 X 219761 0 20906 Catherine Lyons Director of Policy & Coalition 40.0 0.0 X 157295 0 35462 Kenan Fikri Director of Research 40.0 0.0 X 178500 0 8894 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 1681360 0 186982 10 false true false FORWARD GLOBAL 1010 WISCONSIN AVENUE NW STE 710 WASHINGTON DC 20007 PUBLIC RELATIONS 335000 WASHINGTON TAX GROUP LLC 300 NEW JERSEY AVENUE NW SUITE 60 WASHINGTON DC 20001 CONSULTING/GOVT REL 227500 STEPTOE LLP 1330 CONNECTICUT AVE WASHINGTON DC 200361795 LEGAL/GOVT.RELATIONS 192883 ECHELON INSIGHTS 108 SOUTH WASHINGTON ST SUITE 250 ALEXANDRIA VA 22314 IT SERVICES 106000 4 5318859 734972 5318859 OPPORTUNITY ZONES COALITION 900099 168750 168750 DATA LICENSING FEES 900099 31233 31233 199983 161051 0 161051 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 5679893 199983 0 161051 X 0 0 0 0 558860 419145 139715 0 2319918 2146713 173205 87115 81560 5555 191686 166871 24815 188659 172656 16003 0 160233 160233 115292 115292 230000 230000 0 0 684667 670619 14048 3724 3724 45795 32840 12955 178667 174538 4129 0 385762 344807 40955 110560 110560 0 150959 150959 0 0 11993 11993 9388 9388 PUBLIC OPINION RESEARCH 125660 125660 CREATIVE SERVICES 91062 91062 CORPORATE MEMBERSHIP 81550 81550 COMMUNICATIONS 40669 40669 33815 30859 2956 5806034 5074792 731242 0 105978 405247 7447308 8754722 0 98000 160942 25000 0 0 0 0 0 0 0 0 25644 54991 126926 100471 38447 26455 0 0 0 0 0 0 0 0 6540 6540 7784859 9370955 229890 306501 0 0 71250 1537500 0 0 0 0 0 0 0 0 0 0 335002 325642 636142 2169643 X 0 0 0 0 7148717 7201312 7148717 7201312 7784859 9370955 X -126141 196235 -17499 X false false false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 36550 17629 18921 19494 16208 3286 70882 66634 4248 26455 0 ACCRUED VACATION & BONUS PAYABLE 325642 325642 X true true X X X X false false false false false false false true false John Lettieri PRESIDENT & CEO 398663 0 81055 0 0 0 17250 0 38339 0 535307 0 0 0 Adam Ozimek Chief Economist 262452 0 53681 0 0 0 16203 0 31693 0 364029 0 0 0 Jennifer Nordquist Executive Vice President 282248 0 47705 0 0 0 16519 0 1716 0 348188 0 0 0 Milica Cosic Chief of Staff 182951 0 36810 0 0 0 11111 0 9795 0 240667 0 0 0 Kenan Fikri Director of Research 154393 0 24107 0 0 0 8894 0 0 0 187394 0 0 0 Catherine Lyons Director of Policy & Coalition 130132 0 27163 0 0 0 8199 0 27263 0 192757 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 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 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 XI, LINE 9 - OTHER CHANGES IN NET ASSETS: $17,499 DEFERRED REVENUE TIMING DIFFERENCE PRIOR YEAR REVERSAL FOR NET ASSET RETURN PURPOSES ONLY. FORM 990 PART IX LINE 11G DESCRIPTION:PUBLIC RELATIONS TOTAL FEES:503700 FORM 990 PART IX LINE 11G DESCRIPTION:HONORARIUMS TOTAL FEES:90000 FORM 990 PART IX LINE 11G DESCRIPTION:ECONOMIC RESEARCH TOTAL FEES:43830 FORM 990 PART IX LINE 11G DESCRIPTION:CONSULTANT FEE TOTAL FEES:33089 FORM 990 PART IX LINE 11G DESCRIPTION:RECRUITING TOTAL FEES:13383 FORM 990 PART IX LINE 11G DESCRIPTION:401 K ADMIN FEE TOTAL FEES:665 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