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Economic Innovation Group Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 462450336 ✦ Washington, DC ✦ Designated as a 501(c)(4)

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Overview

What is Economic Innovation Group Inc?

The Economic Innovation Group Inc, based in the United States, serves as an innovative think tank and advocacy organization. Their primary focus is on conducting research and advocating for policies and investments that stimulate economic growth across America. By empowering entrepreneurs and investors, they aim to foster a more dynamic and entrepreneurial economy nationwide. Their activities encompass the promotion of ideas and policies that can drive economic progress, thereby contributing to the overall prosperity of the nation.


Official website here: www.eig.org

Is Economic Innovation Group Inc legitimate?

Economic Innovation Group Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Economic Innovation Group Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $516,593
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,239,961

For more financial information, click here


Official website here: www.eig.org

What is the mission statement of Economic Innovation Group Inc?

The Economic Innovation Group Inc serves primarily as an ideas laboratory and advocacy organization, dedicated to promoting public interest research and activities. Their mission is to advance solutions that empower entrepreneurs and investors, fostering a more dynamic and entrepreneurial economy across America. The group's objective is to drive economic growth by advocating for the necessary ideas, policies, and investments.


Official website here: www.eig.org

Who is the CEO of Economic Innovation Group Inc?

John Lettieri is the CEO of Economic Innovation Group Inc The CEO's salary of Economic Innovation Group Inc is $466,658 and their total compensation is $519,040.


Official website here: www.eig.org

What is the revenue of Economic Innovation Group Inc?

Economic Innovation Group Inc's revenue in 2023 was $6,446,450.


Official website here: www.eig.org

Who are the executives of Economic Innovation Group Inc and what are their salaries?

The average compensation at Economic Innovation Group Inc during 2023 was $119,850. There are 23 employees at Economic Innovation Group Inc.

Here are 9 key members and their salaries (Economic Innovation Group Inc's CEO's salary is $466,658 and their total compensation is $519,040):


John Lettieri (President & Ceo)
  • Compensation: $466,658
  • Related: $0
  • Other: $52,382
Adam Ozimek (Chief Economist)
  • Compensation: $306,980
  • Related: $0
  • Other: $44,861
Jennifer Nordquist (Executive Vice President)
  • Compensation: $322,834
  • Related: $0
  • Other: $17,391
Milica Cosic (Chief Of Staff)
  • Compensation: $214,934
  • Related: $0
  • Other: $18,434
Kenan Fikri (Director Of Research)
  • Compensation: $214,779
  • Related: $0
  • Other: $10,447
Catherine Lyons (Director Of Policy & Coalition)
  • Compensation: $154,988
  • Related: $0
  • Other: $30,452
Sean Parker (Chair Of The Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Polanksy (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Lee Sorenson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.eig.org

Where can I find the form 990 for Economic Innovation Group Inc?

Economic Innovation Group Inc's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.eig.org

Learn more at the official website: www.eig.org

Mission Statement of Economic Innovation Group Inc

The Economic Innovation Group, an ideas laboratory and advocacy organization, is primarily dedicated to public interest research and advocacy activities. Its mission is to promote the concepts, public policy, and investment required to foster economic growth across America. By championing solutions that empower entrepreneurs and investors, this organization aims to cultivate a more dynamic and entrepreneurial economy nationwide.

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Impact




October, 2024

Economic Innovation Group Inc plays a significant role in shaping economic policy and promoting growth in the United States. By focusing on public interest research and advocacy, the organization aims to empower entrepreneurs and investors to create a more dynamic economy. Their efforts are centered around generating innovative ideas and advocating for policies that foster investment and job creation.

As an ideas laboratory, they conduct research that highlights the challenges and opportunities facing the economy, particularly in underserved areas. Their advocacy work seeks to influence decision-makers and mobilize resources to drive economic growth, thus impacting employment and entrepreneurial activities across the nation. Through their initiatives, Economic Innovation Group Inc strives to build an environment that supports innovation and economic resilience, ultimately contributing to a thriving American economy.




This information is meant to be a general summary of Economic Innovation Group Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$6,446,450 (2023)
Expenses
$4,781,746 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $25,498
  • Program Service Revenue: $198,145
  • Gross Receipts: $6,446,450

Assets and Liabilities:

  • Total Assets: $5,972,654
  • Total Liabilities: $530,895
  • Net Assets: $5,441,759

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

OPPORTUNITY ZONES COALITION

Revenue

$173,027

DATA LICENSING FEES

Revenue

$25,118

Organization Details

Founding Year

2013

Principal Officer

John Lettieri

NTEE Category

Code: J05 - Employment

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