Nonprofit · EIN 46-2450336
ECONOMIC INNOVATION GROUP INC
Tax-exempt · WASHINGTON, DC 20005
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $5,679,893 | $5,806,034 | -$126,141 | $9,370,955 | $2,169,643 | $7,201,312 |
| December 31, 2023 | 990 | $6,446,450 | $4,781,746 | $1,664,704 | $7,784,859 | $636,142 | $7,148,717 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $5,318,859
- Program service revenue
- $199,983
- Investment income
- $161,051
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $558,860
- Other salaries and wages
- $2,319,918
- Salaries, compensation and benefits (total)
- $3,346,238
- Professional fundraising fees
- $0
- Legal fees
- $160,233
- Accounting fees
- $115,292
- Occupancy
- $385,762
- Travel
- $110,560
- Depreciation
- $11,993
- Program services (functional)
- $5,074,792
- Management and general (functional)
- $731,242
Balance sheet and other
- Total assets, start of year
- $7,784,859
- Total assets, end of year
- $9,370,955
- Total liabilities, end of year
- $2,169,643
- Net assets, end of year
- $7,201,312
- Land, buildings and equipment
- $26,455
- Gross receipts
- $5,679,893
- Employees
- 26
- Volunteers
- 0
- Year formed
- 2013
- State of legal domicile
- DE
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| John Lettieri | PRESIDENT & CEO Trustee or director, Officer | 40 | $479,718 | $55,589 |
| Adam Ozimek | Chief Economist Highest-paid employee | 40 | $316,133 | $47,896 |
| Jennifer Nordquist | Executive Vice President Highest-paid employee | 40 | $329,953 | $18,235 |
| Milica Cosic | Chief of Staff Highest-paid employee | 40 | $219,761 | $20,906 |
| Catherine Lyons | Director of Policy & Coalition Highest-paid employee | 40 | $157,295 | $35,462 |
| Kenan Fikri | Director of Research Highest-paid employee | 40 | $178,500 | $8,894 |
| SEAN PARKER | CHAIR OF THE BOARD Trustee or director, Officer | 1 | $0 | $0 |
| MICHAEL POLANKSY | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| JAMES LEE SORENSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| John Lettieri | PRESIDENT & CEO Trustee or director, Officer | 40 | $466,658 | $52,382 |
| Adam Ozimek | Chief Economist Highest-paid employee | 40 | $306,980 | $44,861 |
| Jennifer Nordquist | Executive Vice President Highest-paid employee | 40 | $322,834 | $17,391 |
| Milica Cosic | Chief of Staff Highest-paid employee | 40 | $214,934 | $18,434 |
| Kenan Fikri | Director of Research Highest-paid employee | 40 | $214,779 | $10,447 |
| Catherine Lyons | Director of Policy & Coalition Highest-paid employee | 40 | $154,988 | $30,452 |
| SEAN PARKER | CHAIR OF THE BOARD Trustee or director, Officer | 1 | $0 | $0 |
| MICHAEL POLANKSY | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| JAMES LEE SORENSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1307 NEW YORK AVE NW STE 501, WASHINGTON, DC 20005-4730
- In care of
- % JOHN LETTIERI
- Principal officer (990 for 2024)
- JOHN LETTIERI, 1307 NEW YORK AVE NW STE 501, WASHINGTON, DC 20005
- Signed the 990
- JOHN LETTIERI, PRESIDENT & CEO
- Phone
- (202) 839-3713
- Website
- www.EIG.ORG
- Return prepared by
- WITHUMSMITHBROWNPC
Mission
SEE SCHEDULE O
Program accomplishments
- 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.Expenses $5,074,792 · revenue $199,983
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 46-2450336
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Employment (J05)
- Assets (IRS master file)
- $9,370,955
- Income (IRS master file)
- $5,679,893
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $5,679,893 | $5,806,034 | $9,370,955 | XML |
| 990 | December 2023 | $6,446,450 | $4,781,746 | $7,784,859 | XML |
| 990 | December 2022 | $5,211,631 | $5,026,838 | $5,972,654 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 46-2450336).
Questions about ECONOMIC INNOVATION GROUP INC
- What is the EIN of ECONOMIC INNOVATION GROUP INC?
- The employer identification number (EIN) of ECONOMIC INNOVATION GROUP INC is 46-2450336.
- Is ECONOMIC INNOVATION GROUP INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2014.
- Are donations to ECONOMIC INNOVATION GROUP INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ECONOMIC INNOVATION GROUP INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ECONOMIC INNOVATION GROUP INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ECONOMIC INNOVATION GROUP INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of ECONOMIC INNOVATION GROUP INC?
- The 990 for the year ended December 31, 2024 names JOHN LETTIERI.
- Who are the officers and directors of ECONOMIC INNOVATION GROUP INC?
- The 990 for the year ended December 31, 2024 lists 9 people; 6 received compensation from the organization, the highest $479,718 (John Lettieri, PRESIDENT & CEO).
- How much revenue does ECONOMIC INNOVATION GROUP INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $5,679,893, expenses of $5,806,034 and total assets of $9,370,955 at year end.
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