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: | 2021 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 2021 INCLUDE: RESEARCH FOCUSED ON ECONOMICALLY DISTRESSED COMMUNITIES AND BOOSTING ECONOMIC DYNAMISM. ---------------------------------------------------------------------- EIG PUBLISHED THREE MAJOR RESEARCH REPORTS IN 2021, INCLUDING AN ANALYSIS OF THE UNDERLYING GEOGRAPHY OF ASSET OWNERSHIP IN THE UNITED STATES AND THE INEQUALITY OF ASSET INCOME, MADE UP OF A DIGITAL INTERACTIVE MAP AND A REPORT. EIG CONDUCTED AN IN-DEPTH ANALYSIS AND PUBLISHED A REPORT ON THE RISE OF REMOTE WORK AND THE OPPORTUNITY FOR AMERICAN COMMUNITIES TO RETHINK HOW THEY FOSTER LOCAL ECONOMIC GROWTH, WITH A FOCUS ON THE TUSLA REMOTE INCENTIVE IN TULSA, OKLAHOMA. EIG PUBLISHED A COMPREHENSIVE REPORT ON THE STATE OF THE OPPORTUNITY ZONES MARKETPLACE THREE YEARS SINCE THE POLICY'S PASSAGE. IN ADDITION, EIG REGULARLY PUBLISHED REAL-TIME ANALYSIS ON KEY ECONOMIC TRENDS INCLUDING THE IMPACT OF THE PANDEMIC AND RECOVERY ON AMERICAN SMALL BUSINESSES, ENTREPRENEURS, WORKERS, AND COMMUNITIES. POLICIES TO SUPPORT ECONOMICALLY DISTRESSED COMMUNITIES AND BOOST ECONOMIC DYNAMISM. -------------------------------------------------------------------------- EIG PUBLISHED THREE MAJOR POLICY REPORTS, INCLUDING A POLICY ROADMAP FOR UPLIFTING AMERICA'S LEFT BEHIND COMMUNITIES AND TACKLING SPATIAL INEQUALITY. EIG PUBLISHED A WHITE PAPER BY A BIPARTISAN PAIR OF ECONOMISTS FOCUSED ON HOW TO BUILD WEALTH, REWARD WORK, AND BOOST WELL-BEING FOR MILLIONS OF AMERICAN WORKERS THROUGH A LONG-TERM SAVINGS PROGRAM. EIG PUBLISHED A STATE POLICYMAKER'S GUIDE TO REFORMING NON-COMPETE AGREEMENTS THAT LIMIT A WORKER'S ABILITY TO SWITCH JOBS OR START A NEW BUSINESS. 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 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 THE 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; THE RISE OF REMOTE WORK; AMONG OTHER FOUNDATIONAL ECONOMIC ISSUES. PARTICIPATION IN MANY 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 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 XI, LINE 9 - OTHER CHANGES IN NET ASSETS: | $(37,049) REVERSAL OF PRIOR YEAR UNREALIZED GAIN ON INVESTMENTS FULLY SOLD IN CURRENT YEAR. |
| FORM 990 PART IX LINE 11G | DESCRIPTION:PUBLIC RELATIONS TOTAL FEES:260000 |
| FORM 990 PART IX LINE 11G | DESCRIPTION:CONSULTANTS TOTAL FEES:720370 |
| FORM 990 PART IX LINE 11G | DESCRIPTION:RECRUITING TOTAL FEES:8136 |
| FORM 990 PART IX LINE 11G | DESCRIPTION:PAYROLL FEES TOTAL FEES:3205 |
| FORM 990 PART IX LINE 11G | DESCRIPTION:401K ADMIN FEES TOTAL FEES:2112 |
| FORM 990 PART IX LINE 11G | DESCRIPTION:EXPENSIFY FEES TOTAL FEES:601 |
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