Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| 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. 2019 PROGRAM SERVICE ACCOMPLISHMENTS ==================================== OPPORTUNITY ZONES ----------------- THE OPPORTUNITY ZONES INCENTIVE WAS ESTABLISHED BY CONGRESS IN THE TAX CUTS AND JOBS ACT OF 2017 AS AN INNOVATIVE APPROACH TO SPURRING LONG- TERM PRIVATE INVESTMENTS IN LOW-INCOME URBAN AND RURAL COMMUNITIES NATIONWIDE. OPPORTUNITY ZONES 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 COSPONSORS. EIG ORIGINALLY DEVELOPED THE CONCEPT IN 2015 TO HELP ADDRESS THE PERSISTENT POVERTY AND UNEVEN RECOVERY THAT HAVE LEFT TOO MANY AMERICAN COMMUNITIES BEHIND. IN 2019, EIG DEVELOPED THE OPPORTUNITY ZONES ACTIVITY MAP, AN INTERACTIVE DIGITAL PORTAL HIGHLIGHTING INNOVATIVE INVESTMENTS, FUNDS, AND INITIATIVES LAUNCHED ACROSS THE COUNTRY. IN ADDITION, EIG LEADS A WORKING GROUP OF OVER 80 WIDE-RANGING STAKEHOLDER ORGANIZATIONS TO SHARE OPPORTUNITY ZONES BEST PRACTICES, TECHNICAL INFORMATION, DEVELOPMENTS, AND FACILITATE PEER-TO-PEER LEARNING. DEMOGRAPHIC DECLINE AND HEARTLAND VISAS ---------------------------------------- EIG RELEASED "FROM MANAGING DECLINE TO BUILDING THE FUTURE: COULD A HEARTLAND VISA HELP STRUGGLING REGIONS," A REPORT THAT EXPLORES THE SCALE AND CONSEQUENCES OF CURRENT U.S. DEMOGRAPHIC TRENDS AND PROPOSES THE HEARTLAND VISA, A NEW PLACE-BASED IMMIGRATION POLICY AS A TOOL TO HELP COMMUNITIES IMPACTED BY DEMOGRAPHIC DECLINE. NON-COMPETE AGREEMENT REFORM ---------------------------------------- EIG RELEASED "THE USE, ABUSE, AND ENFORCEABILITY OF NON-COMPETE AND NO-POACH AGREEMENTS," A REVIEW OF THE THEORY AND EVIDENCE OF THE HARMFUL IMPACT OF NON-COMPETE AND NO-POACH AGREEMENTS ON U.S. ECONOMIC DYNAMISM, AS WELL AS AN OVERVIEW OF RECENT REFORM EFFORTS. EIG WORK HELPED TO BRING THE ISSUE OF NON-COMPETE REFORM TO THE FOREFRONT OF THE NATIONAL DEBATE AND WAS INSTRUMENTAL IN THE INTRODUCTION OF THE FIRST FEDERAL BIPARTISAN LEGISLATION TO REFORM THE USE OF NON-COMPETE AGREEMENTS NATIONWIDE, THE "WORKFORCE MOBILITY ACT." PARTNERSHIPS AND EVENTS ----------------------- EIG CONVENED IMPORTANT ECONOMIC RESEARCH AND POLICY CONVERSATIONS WITH A WIDE ARRAY OF PARTNERS AND STAKEHOLDERS THROUGHOUT THE YEAR, INCLUDING THE "FORBES OPPORTUNITY ZONES SUMMIT THE "ACCELERATOR FOR AMERICA STANFORD OPPORTUNITY ZONE INVESTOR SUMMIT THE "SOUTHEASTERN REGIONAL OPPORTUNITY ZONES SUMMIT AN "OPPORTUNITY ZONES ROUNDTABLE" AS PART OF THE RISE OF THE REST 2019 TOUR; AND A NEW SERIES OF BOOK TALKS FOCUSED ON GEOGRAPHIC INEQUALITY, ECONOMIC DYNAMISM, AND THE FUTURE OF THE ECONOMY. |
| 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 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 IX LINE 11G | DESCRIPTION:CONSULTANTS TOTAL FEES:357193 |
| FORM 990 PART IX LINE 11G | DESCRIPTION:RECRUITING TOTAL FEES:1179 |
| FORM 990 PART IX LINE 11G | DESCRIPTION:PUBLIC RELATIONS TOTAL FEES:257177 |
| FORM 990 PART IX LINE 11G | DESCRIPTION:PAYROLL FEES TOTAL FEES:1413 |
| FORM 990 PART IX LINE 11G | DESCRIPTION:EXPENSIFY FEES TOTAL FEES:727 |
| FORM 990 PART IX LINE 11G | DESCRIPTION:401K ADMIN FEES TOTAL FEES:696 |
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