2018-11-15T10:55:16-06:00 2017-12-31 WITHUMSMITHBROWNPC 4600 EAST WEST HWY 900 BETHESDA MD 208143423 990 2017-01-01 462450336 ECONOMIC INNOVATION GROUP INC % JOHN LETTIERI ECON 2028393713 616 H STREET NW Suite 550 WASHINGTON DC 20001 JOHN LETTIERI PRESIDENT & CEO 2028393713 2018-11-14 true RICHARD RUVELSON P00234075 3012726000 209.190.253.84 22006220183195000174 2018-11-15 P 81E6CC8B2CB66F65E5A09C99C3269647E2E4A51C E755B2CC0E817F6D5E4FDA2E0EF0FB7939AE8BA5 2017 2018-06-14 16:35:46Z JOHN LETTIERI 616 H STREET NW SUITE 550 WASHINGTON DC 20001 2963062 false X www.EIG.ORG X 2013 DE PRIMARILY FOCUSED ON PUBLIC INTEREST ADVOCACY ACTIVITIES TO PROMOTE IDEAS, PUBLIC POLICY, AND INVESTMENT NEEDED TO DRIVE ECONOMIC GROWTH IN AMERICA. 3 3 23 1 0 125000 2960000 265513 0 5930 3062 0 0 396443 2963062 0 0 0 0 1964597 1590405 0 0 0 1723172 1470908 3687769 3061313 -3291326 -98251 719594 587580 313899 280136 405695 307444 X SEE SCHEDULE O false false 2407917 SEE SCHEDULE O 2407917 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 9 0 true 23 true false false false false false false X 3 3 true false false false true true true false false false false true true true true true true false false false X JOHN LETTIERI 2028393713 616 H STREET NW SUITE 550 WASHINGTON DC 20001 X SEAN PARKER CHAIRMAN 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 STEVEN GLICKMAN EXECUTIVE DIRECTOR 40.0 0.0 X 392898 0 29657 JOHN LETTIERI SR. DIRECTOR POLICY & STRATEGY 40.0 0.0 X 356003 0 37881 AMANDA BYRD MANAGER FOR PUBLIC AFFAIRS 40.0 0.0 X 127626 0 13256 KENAN FIKRI MANAGER FOR RESEARCH & POLICY 40.0 0.0 X 126954 0 26167 MILICA COSIC MANAGER FOR OPERATIONS & ADMIN 40.0 0.0 X 105197 0 11164 1108678 0 118125 5 false true false HAMILTON PLACE STRATEGIES LLC 805 15TH STREET NW 2ND FLOOR WASHINGTON DC 20005 PUBLIC RELATIONS 248317 STEPTOE JOHNSON LLP 1330 CONNECTICUT AVE NW WASHINGTON DC 200361795 LEGAL/GOVT.RELATIONS 247152 GREGORY NICKERSON WASHINGTON TAX G 300 NEW JERSEY AVE NW SUITE 601 WASHINGTON DC 20001 GOVERNMENT RELATIONS 180000 PRIME POLICY GROUP PO BOX 933169 ATLANTA GA 31193 GOVERNMENT RELATIONS 110209 4 2960000 2960000 0 3062 3062 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2963062 3062 X 0 0 0 0 816439 605499 210940 0 0 610248 492605 117643 0 21859 16527 5332 58331 35124 23207 0 83528 68207 15321 0 0 108400 108400 0 66334 66334 0 420053 420053 0 0 349899 344091 5808 0 9653 9653 0 45883 37811 8072 0 90164 86540 3624 0 0 270734 210277 60457 0 56749 56749 0 0 5045 5045 0 0 0 23718 23718 0 2268 2268 0 DUES & SUBSCRIPTIONS 11833 11833 0 0 ONLINE SERVICE 9935 7717 2218 0 TAXES, LICENSES & FEES 240 186 54 0 3061313 2407917 653396 0 93508 235948 500594 250837 0 0 0 0 0 0 0 0 0 0 0 0 41814 35173 73984 36968 55072 37016 0 0 0 0 0 0 0 0 28606 28606 719594 587580 97329 103022 0 0 0 0 0 0 0 0 0 0 0 0 0 0 216570 177114 313899 280136 X 405695 307444 0 0 0 0 405695 307444 719594 587580 -98251 X false false false 6662 3146 3516 5662 944 4718 61660 32878 28782 37016 0 ACCRUED VACATION & BONUS PAYABLE 155716 DEFERRED RENT 21398 177114 X true true X false false false false false false false false false STEVEN GLICKMAN EXECUTIVE DIRECTOR 323390 0 69508 13500 0 21157 0 427555 0 0 0 JOHN LETTIERI SR. DIRECTOR POLICY & STRATEGY 292449 63554 13500 0 24381 0 393884 0 0 0 KENAN FIKRI MANAGER FOR RESEARCH & POLICY 104129 0 22825 6916 0 24251 0 158121 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 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. 2017 PROGRAM SERVICE ACCOMPLISHMENTS ==================================== OPPORTUNITY ZONES ----------------- THE OPPORTUNITY ZONES PROGRAM WAS ESTABLISHED BY CONGRESS IN THE TAX CUTS AND JOBS ACT AS AN INNOVATIVE APPROACH TO SPURRING LONG-TERM PRIVATE SECTOR INVESTMENTS IN LOW-INCOME URBAN AND RURAL COMMUNITIES NATIONWIDE. THE OPPORTUNITY ZONES PROGRAM 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 CO-SPONSORS. EIG ORIGINALLY DEVELOPED THE CONCEPT IN 2015 TO HELP ADDRESS PERSISTENT POVERTY AND UNEVEN RECOVERY THAT HAVE LEFT TOO MANY AMERICANS COMMUNITIES BEHIND. THE IDEA HAS SINCE BEEN CHAMPIONED BY A WIDE-RANGING COALITION OF INVESTORS, ENTREPRENEURS, COMMUNITY DEVELOPERS, ECONOMISTS, AND OTHER STAKEHOLDERS. INTERACTIVE DISTRESSED COMMUNITIES INDEX ---------------------------------------- EIG RELEASED ITS SECOND ANNUAL DISTRESSED COMMUNITIES INDEX (DCI), A CUSTOMIZED DATASET CREATED BY EXAMINING 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 PROMINENT COVERAGE ACROSS THE COUNTRY INCLUDING FEATURES IN HUNDREDS OF PUBLICATIONS. DYNAMISM IN RETREAT ------------------- IN A NEW REPORT, EIG EXPLORED HOW A COLLAPSE IN NEW BUSINESS FORMATION, LOWER LABOR MOBILITY RATES, AND INCREASED INDUSTRY CONCENTRATION HAVE CONTRIBUTED TO ECONOMIC STAGNATION IN COMMUNITIES ACROSS THE COUNTRY. FINDINGS FROM THE REPORT WERE FEATURED IN NEWS PUBLICATIONS AND RADIO SHOWS. INTERACTIVE INDEX OF STATE DYNAMISM ----------------------------------- EIG DEVELOPED A NEW WAY TO MEASURE, ANALYZE, AND VISUALIZE ECONOMIC DYNAMISM USING A SET OF INTERRELATED ECONOMIC METRICS GOING BACK MORE THAN TWO DECADES. USERS COULD EXPLORE THE INDEX OF STATE DYNAMISM DATASET AND CHANGE OVER TIME FOR EACH STATE, AND THE PUBLISHED FINDINGS IN A REPORT. FINDINGS FROM THE REPORT WERE FEATURED IN NEWS PUBLICATIONS. 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 8A & 8B DOCUMENTATION OF MEETINGS: EIG DISCOVERED THAT DUE TO A CHANGE IN PERSONNEL, THERE WAS A GAP IN MINUTES OF BOARD MEETINGS. THIS OVERSIGHT IS BEING CORRECTED IMMEDIATELY. 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 EXECUTIVE DIRECTOR AND SENIOR DIRECTOR FOR POLICY & STRATEGY. 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:PUBLIC RELATIONS TOTAL FEES:264994 FORM 990 PART IX LINE 11G DESCRIPTION:CONSULTANTS TOTAL FEES:79097 FORM 990 PART IX LINE 11G DESCRIPTION:PAYROLL FEES TOTAL FEES:3544 FORM 990 PART IX LINE 11G DESCRIPTION:PENSION PLAN ADVISOR FEES TOTAL FEES:1367 FORM 990 PART IX LINE 11G DESCRIPTION:RECRUITING TOTAL FEES:660 FORM 990 PART IX LINE 11G DESCRIPTION:MISCELLANEOUS FEES TOTAL FEES:237 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