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. 2020 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 2020 INCLUDE: RESEARCH FOCUSED ON ECONOMICALLY DISTRESSED COMMUNITIES AND BOOSTING ECONOMIC DYNAMISM. ---------------------------------------------------------------------- EIG PUBLISHED THREE MAJOR RESEARCH REPORTS IN 2020, INCLUDING THE 2020 DISTRESSED COMMUNITIES INDEX (DCI), A DATASET EXAMINING ECONOMIC DISTRESS THROUGHOUT THE COUNTRY AND MADE UP OF INTERACTIVE MAPS AND A REPORT, WHICH HAVE BEEN BROADLY ADOPTED BY FEDERAL, STATE, AND LOCAL GOVERNMENTS AND AGENCIES, NON-PROFIT ORGANIZATIONS, PRIVATE SECTOR LEADERS, AND ACADEMICS AROUND THE COUNTRY, INCLUDING FOUNDATIONS TARGETING SUPPORT TO SMALL BUSINESSES IN VULNERABLE COMMUNITIES DURING THE PANDEMIC AND ECONOMIC CRISIS TO ACADEMICS STRIVING TO BETTER UNDERSTAND THE SOCIAL DETERMINANTS OF HEALTH. THE NEIGHBORHOOD POVERTY PROJECT ANALYZED THE EVOLUTION OF HIGH-POVERTY NEIGHBORHOODS OVER THE LAST FOUR DECADES AND CONSISTED OF TWO COMPANION PAPERS AND A DIGITAL INTERACTIVE. ADDITIONALLY, OVER THE COURSE OF THE COVID-19 PANDEMIC AND ECONOMIC CRISIS, EIG REGULARLY PUBLISHED REAL-TIME ECONOMIC ANALYSIS, INCLUDING BLOGS AND DATA SNAPSHOTS, TO HELP INFORM THE PUBLIC AND POLICYMAKERS ABOUT THE IMPACT OF THE ECONOMIC CRISIS ON ENTREPRENEURS, WORKERS, SMALL BUSINESSES, AND AMERICAN COMMUNITIES. POLICIES TO SUPPORT ECONOMICALLY DISTRESSED COMMUNITIES AND BOOST ECONOMIC DYNAMISM. -------------------------------------------------------------------------- EIG PUBLISHED TWO MAJOR REPORTS ON THE OPPORTUNITY ZONES POLICY WHICH IS FOCUSED ON SPURRING LONG-TERM PRIVATE INVESTMENT IN LOW-INCOME URBAN AND RURAL COMMUNITIES NATIONWIDE, INCLUDING A REPORT ON ADVANCING EDUCATION AND CHILD DEVELOPMENT IN OPPORTUNITY ZONES AND A STATE-SPECIFIC DIAGNOSTIC AND STRATEGY PLAYBOOK. ADDITIONALLY, OVER THE COURSE OF THE COVID-19 PANDEMIC AND ECONOMIC CRISIS, EIG REGULARLY PUBLISHED REAL-TIME POLICY ANALYSIS TO HELP INFORM THE PUBLIC AND POLICYMAKERS ABOUT POLICIES TO SUPPORT ENTREPRENEURS AND SMALL BUSINESSES THROUGH THE ECONOMIC CRISIS. EIG BUILT BIPARTISAN COALITIONS AND LED EFFORTS TO ADVANCE POLICIES AND BETTER TARGET EMERGENCY RELIEF TO PROTECT AMERICA'S VULNERABLE SMALL BUSINESSES, WORKERS, AND THE U.S. ECONOMY THROUGH THE COVID-19 ECONOMIC CRISIS. EIG ALSO 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 OVER 50 WIDE-RANGING STAKEHOLDER ORGANIZATIONS TO SHARE OPPORTUNITY ZONES BEST PRACTICES, TECHNICAL INFORMATION, DEVELOPMENTS, AND FACILITATE PEER-TO-PEER LEARNING. EIG WORKED WITH POLICYMAKERS, INCLUDING THROUGH THE DEPARTMENT OF TREASURY'S PUBLIC COMMENT PROCESS, TO IMPROVE THE OPPORTUNITY ZONES POLICY AND ENSURE ITS ALIGNMENT WITH CONGRESSIONAL INTENT. OUTREACH AND EVENTS ----------------------------------------------------------------------- EIG CONVENED 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 STRATEGIES TO SUPPORT ENTREPRENEURS AND SMALL BUSINESSES TO HELP DRIVE AN INCLUSIVE AND EQUITABLE ECONOMIC RECOVERY FROM THE PANDEMIC ECONOMIC CRISIS; UNDERSTANDING THE CHALLENGES FACED BY DISTRESSED COMMUNITIES; PROMOTING INCLUSIVE ACCESS TO CAPITAL; AMONG OTHER FOUNDATIONAL ECONOMIC ISSUES. PARTICIPATION IN THE CONVENINGS WAS MADE AVAILABLE TO THE PUBLIC AND WERE PRIMARILY HELD VIRTUALLY DUE TO PUBLIC HEALTH GUIDANCE RELATED TO THE COVID-19 PANDEMIC. |
| 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:PUBLIC RELATIONS TOTAL FEES:241664 |
| FORM 990 PART IX LINE 11G | DESCRIPTION:CONSULTANTS TOTAL FEES:196500 |
| FORM 990 PART IX LINE 11G | DESCRIPTION:RECRUITING TOTAL FEES:2470 |
| FORM 990 PART IX LINE 11G | DESCRIPTION:PAYROLL FEES TOTAL FEES:2431 |
| FORM 990 PART IX LINE 11G | DESCRIPTION:EXPENSIFY FEES TOTAL FEES:583 |
| FORM 990 PART IX LINE 11G | DESCRIPTION:401K ADMIN FEES TOTAL FEES:376 |
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