2017-11-08T06:18:41-06:00 2016-12-31 WITHUMSMITHBROWNPC 4600 EAST WEST HWY 900 BETHESDA MD 208143423 990 2016-01-01 462450336 ECONOMIC INNOVATION GROUP INC % STEVEN GLICKMAN ECON 2028393710 616 H STREET NW Suite 550 WASHINGTON DC 20001 STEVEN GLICKMAN EXECUTIVE DIRECTOR 2026958255 2017-09-26 true RICHARD RUVELSON P00234075 3012726000 66.195.210.98 22006220173125000000 2017-11-08 P E4D8CF098BE404CCCB871927F4C0A0A29E91B1BB EFE937D907E9188D51497D9C700ABA7D032A681F 2016 2018-03-14 21:41:22Z STEVEN GLICKMAN 616 H STREET NW SUITE 550 WASHINGTON DC 20001 396443 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 17 0 0 5000000 125000 0 265513 5696 5930 0 0 5005696 396443 0 0 0 0 1176705 1964597 0 0 0 1657623 1723172 2834328 3687769 2171368 -3291326 3888406 719594 191385 313899 3697021 405695 X EIGs 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 the ecosystem for a more innovative U.S. economy. false false 3075136 265513 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. The Distressed Communities Index (DCI) -------------------------------------- Six years after the official end of the Great Recession, over 50 million Americans still live in communities defined by slow job growth, vanishing businesses, and fewer opportunities to move up the economic ladder. EIG developed the Distressed Communities Index, a customized annual dataset presented through interactive maps, infographics, and a report, to map geographic inequality by examining economic distress in more than 25,000 zip codes. The Millennial Economy ---------------------- Millennials are the future of the U.S. economy, but when it comes to their economic future, they are a deeply pessimistic generation. EY and EIG conducted a national public opinion survey of Millennials to gauge their views on a variety of issues related to the economy at all levels-personal, local, and national-and the challenges they face almost seven years into the recovery from the Great Recession. Following the survey release, EY and EIG hosted two event highlighting the poll results and featuring perspectives on millennial economic issues. The Investing in Opportunity Act (IIOA) --------------------------------------- EIG worked with Senators Cory Booker (D-NJ) and Tim Scott (R-SC), and Representatives Pat Tiberi (R-OH) and Ron Kind (D-WI) to support the introduction of the Investing In Opportunity Act (IIOA) in the 115th Congress. The IIOA encourages investment in distressed communities by allowing investors to temporarily defer capital gains recognition if they reinvest into Opportunity Zones designated by governors. The legislation is low-cost and low-risk to taxpayers and designed to systematically attract new sources of capital to fund a new generation of entrepreneurs and enterprise in areas across the country that are ripe for economic investment and opportunity. 3075136 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 17 true false false false false false false X 3 3 true false false false true true true true true false false true true true true true true true true false X STEVEN GLICKMAN 2028393710 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 393165 0 19952 JOHN LETTIERI SR. DIRECTOR POLICY & STRATEGY 40.0 0.0 X 356566 0 35690 MATT LOCKWOOD SENIOR DIR. FOR COMMUNICATIONS 40.0 0.0 X 221489 0 34430 ELIZABETH HIPPLE MANAGER FOR GOVT. 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DIRECTOR POLICY & STRATEGY 294952 0 61614 13250 0 22440 0 392256 0 0 0 MATT LOCKWOOD SENIOR DIR. FOR COMMUNICATIONS 221489 0 0 11359 0 23071 0 255919 0 0 0 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 members of the corporation have voting rights as provided under Delaware law. FORM 990, PART VI, LINE 11B - FORM 990 REVIEW PROCESS: THE FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR, LEGAL COUNSEL AND ACCOUNTING SERVICES. THE FORM 990 IS 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 AFTER REVIEWING COMPARABILITY DATA COMPILED BY AN INDEPENDENT COMPENSATION CONSULTANT FOR SIMILAR POSITIONS IN SIMILARLY SITUATED ORGANZIATIONS AND REVIEWING THE COMPENSATION CONSULTANT'S OPINION ON THE REASONABLENESS OF THE COMPENSATION. FORM 990, PART VI, LINE 19 - OTHER ORGANIZATION DOCUMENTS: GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. 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