Civic Intelligence

Economic Innovation Group Inc

EIN 46-2450336 • 501(c)4 • Washington, DC

View Organization Page

Profile

Primarily focused on public interest research and advocacy activities to promote ideas, public policy, and investment needed to drive economic growth in america.

1307 NEW YORK AVE NW Suite 501Washington, DC 20005

www.eig.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

67th percentile

0.23x

Higher debt load relative to assets than 67% of similar nonprofits.

501(c)4 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

72nd percentile

0.38x

Higher debt load relative to revenue than 72% of similar nonprofits.

501(c)4 • $5M-$10M nonprofits • Source year 2024

Net Margin

24th percentile

-2.2%

Higher net margin than 24% of similar nonprofits.

501(c)4 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

79th percentile

20%

Faster asset growth than 79% of similar nonprofits.

501(c)4 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

17th percentile

-12%

Faster revenue growth than 17% of similar nonprofits.

501(c)4 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets67th percentile

Assets

Up

$9,370,955

Up $1,586,096 (+20%) from 2023

Liabilities

Up

$2,169,643

Up $1,533,501 (+241%) from 2023

Net Assets

Up

$7,201,312

Up $52,595 (+0.7%) from 2023

Operations
Liabilities / Revenue72nd percentileNet Margin24th percentile

Revenue

Down

$5,679,893

Down $766,557 (-12%) from 2023

Expenses

Up

$5,806,034

Up $1,024,288 (+21%) from 2023

Net Income

Down

-$126,141

Down $1,790,845 (-108%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth79th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$10M$5.0M$0Assets 2013: $1,372,121Liabilities 2013: $78,970Net Assets 2013: $1,293,1512013Assets 2014: $1,586,018Liabilities 2014: $60,365Net Assets 2014: $1,525,6532014Assets 2015: $3,888,406Liabilities 2015: $191,385Net Assets 2015: $3,697,0212015Assets 2016: $719,594Liabilities 2016: $313,899Net Assets 2016: $405,6952016Assets 2017: $587,580Liabilities 2017: $280,136Net Assets 2017: $307,4442017Assets 2018: $1,076,413Liabilities 2018: $455,669Net Assets 2018: $620,7442018Assets 2019: $3,150,656Liabilities 2019: $613,350Net Assets 2019: $2,537,3062019Assets 2020: $4,158,156Liabilities 2020: $504,510Net Assets 2020: $3,653,6462020Assets 2021: $5,887,257Liabilities 2021: $630,291Net Assets 2021: $5,256,9662021Assets 2022: $5,972,654Liabilities 2022: $530,895Net Assets 2022: $5,441,7592022Assets 2023: $7,784,859Liabilities 2023: $636,142Net Assets 2023: $7,148,7172023Assets 2024: $9,370,955Liabilities 2024: $2,169,643Net Assets 2024: $7,201,3122024

Highlighted filing

2024

Assets$9,370,955
Liabilities$2,169,643
Net Assets$7,201,312
Open 2024 Filing

Operations Trend

Revenue Growth17th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2013: $1,971,716Expenses 2013: $678,565Net Income 2013: $1,293,1512013Revenue 2014: $1,501,583Expenses 2014: $1,269,081Net Income 2014: $232,5022014Revenue 2015: $5,005,696Expenses 2015: $2,834,328Net Income 2015: $2,171,3682015Revenue 2016: $396,443Expenses 2016: $3,687,769Net Income 2016: -$3,291,3262016Revenue 2017: $2,963,062Expenses 2017: $3,061,313Net Income 2017: -$98,2512017Revenue 2018: $3,366,456Expenses 2018: $3,053,156Net Income 2018: $313,3002018Revenue 2019: $5,545,108Expenses 2019: $3,628,546Net Income 2019: $1,916,5622019Revenue 2020: $4,562,267Expenses 2020: $3,482,976Net Income 2020: $1,079,2912020Revenue 2021: $6,209,477Expenses 2021: $4,569,108Net Income 2021: $1,640,3692021Revenue 2022: $5,211,631Expenses 2022: $5,026,838Net Income 2022: $184,7932022Revenue 2023: $6,446,450Expenses 2023: $4,781,746Net Income 2023: $1,664,7042023Revenue 2024: $5,679,893Expenses 2024: $5,806,034Net Income 2024: -$126,1412024

Highlighted filing

2024

Revenue$5,679,893
Expenses$5,806,034
Net Income-$126,141
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$9,370,955
Liabilities
$2,169,643
Net assets
$7,201,312
Revenue
$5,679,893
Expenses
$5,806,034
Net income
-$126,141
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.37$2.17$7.20$5.68$5.81$0.13
2023Detailed filing. Detailed filing data is available for this year.$7.78$0.64$7.15$6.45$4.78$1.66
2022Detailed filing. Detailed filing data is available for this year.$5.97$0.53$5.44$5.21$5.03$0.18
2021Detailed filing. Detailed filing data is available for this year.$5.89$0.63$5.26$6.21$4.57$1.64
2020Detailed filing. Detailed filing data is available for this year.$4.16$0.50$3.65$4.56$3.48$1.08
2019Detailed filing. Detailed filing data is available for this year.$3.15$0.61$2.54$5.55$3.63$1.92
2018Detailed filing. Detailed filing data is available for this year.$1.08$0.46$0.62$3.37$3.05$0.31
2017Detailed filing. Detailed filing data is available for this year.$0.59$0.28$0.31$2.96$3.06$0.10
2016Detailed filing. Detailed filing data is available for this year.$0.72$0.31$0.41$0.40$3.69$3.29
2015Detailed filing. Detailed filing data is available for this year.$3.89$0.19$3.70$5.01$2.83$2.17
2014Detailed filing. Detailed filing data is available for this year.$1.59$0.06$1.53$1.50$1.27$0.23
2013Detailed filing. Detailed filing data is available for this year.$1.37$0.08$1.29$1.97$0.68$1.29
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.2
Gross Receipts
$5,679,893
Mission and Program Overview

Mission

The organization is primarily focused on public interest advocacy activities to promote the ideas, public policy, and investment needed to drive economic growth in America. The organization will work to develop bipartisan policy solutions that unlock private sector capital to spur economic growth.

Primarily focused on public interest research and advocacy activities to promote ideas, public policy, and investment needed to drive economic growth in america.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$7,447,308$8,754,722▲ $1,307,414
Rtn Earn Endowment Incm Other Fnds$7,148,717$7,201,312▲ $52,595
Cash and Non-Interest-Bearing Accounts$105,978$405,247▲ $299,269
Pledges and Grants Receivable$0$98,000▲ $98,000
Prepaid Expenses and Deferred Charges$25,644$54,991▲ $29,347
Land, Buildings, and Equipment, Net$38,447$26,455▼ $11,992
Accounts Receivable$160,942$25,000▼ $135,942
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$7,784,859$9,370,955▲ $1,586,096
Other Assets Total$6,540$6,540→ $0
Liabilities
Deferred Revenue$71,250$1,537,500▲ $1,466,250
Other Liabilities$335,002$325,642▼ $9,360
Accounts Payable and Accrued Expenses$229,890$306,501▲ $76,611
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$636,142$2,169,643▲ $1,533,501
Net Assets / Fund Balance
Total Net Assets Fund Balance$7,148,717$7,201,312▲ $52,595
Total Liabilities and Net Assets / Fund Balance$7,784,859$9,370,955▲ $1,586,096

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$4,248$66,634$70,882
Leasehold Improvements$18,921$17,629$36,550
Equipment$3,286$16,208$19,494
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
John LettieriPresident & CEOFT$398,663$136,644$535,307
Adam OzimekChief EconomistFT$262,452$101,577$364,029
Jennifer NordquistExecutive Vice PresidentFT$282,248$65,940$348,188
Milica CosicChief of StaffFT$182,951$57,716$240,667
Catherine LyonsDirector of Policy & CoalitionFT$130,132$62,625$192,757
Kenan FikriDirector of ResearchFT$154,393$33,001$187,394

Board Members and Trustees

NameTitle
Sean ParkerChair of the Board
James Lee SorensonDirector
Michael PolanksySecretary/treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Forward GlobalPublic Relations1010 WISCONSIN AVENUE NW STE 710, Washington, DC 20007$335,000
Washington Tax Group LLCConsulting/govt Rel300 NEW JERSEY AVENUE NW SUITE 60, Washington, DC 20001$227,500
Steptoe LLPLegal/govt.relations1330 CONNECTICUT AVE, Washington, DC 20036-1795$192,883
Echelon InsightsIt Services108 SOUTH WASHINGTON ST SUITE 250, Alexandria, VA 22314$106,000
Revenue and Support

Revenue Composition

Contributions and Grants
$5,318,859
Program Service Revenue
$199,983
Investment Income
$161,051
Other Revenue
$0
All Other Contributions
$5,318,859
Change in Net Assets
$-126,141

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,346,238
Other Expenses$2,459,796
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,146,713$173,205-$2,319,918
Fees for Services Other$670,619$14,048-$684,667
Current Officers, Directors, Trustees, and Key Employees$419,145$139,715-$558,860
Occupancy$344,807$40,955-$385,762
Fees for Services Lobbying$230,000--$230,000
Other Employee Benefits$166,871$24,815-$191,686
Payroll Taxes$172,656$16,003-$188,659
Information Technology$174,538$4,129-$178,667
Fees for Services Legal-$160,233-$160,233
Conferences and Meetings$150,959--$150,959
Fees for Services Accounting-$115,292-$115,292
Travel$110,560--$110,560
Pension Plan Contributions$81,560$5,555-$87,115
Office Expenses$32,840$12,955-$45,795
Other Expenses$40,669--$40,669
All Other Expenses$30,859$2,956-$33,815
Depreciation Depletion-$11,993-$11,993
Insurance-$9,388-$9,388
Advertising$3,724--$3,724
Total Functional Expenses$5,074,792$731,242$0$5,806,034
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Vacation & Bonus Payable$325,642
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

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 8B - Authority to act on behalf governing:

“The Board has no committees currently. If the Board creates committees, it will document the meetings held or written actions undertaken during the year.”

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.”

Filing and Contact Details

Filer

Filer Name
Economic Innovation Group Inc
EIN
46-2450336
In Care Of
% JOHN LETTIERI
Phone
2028393713
Address
1307 NEW YORK AVE NW Suite 501, WASHINGTON, DC 20005

Signing Officer

Name
John Lettieri
Title
President & CEO
Phone
2028393713
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Lettieri
Formed
2013
Legal Domicile
De
Voting Board Members
4
Independent Board Members
3
Employees
26
Volunteers
0

Preparer

Firm
Withumsmithbrownpc
Address
4600 EAST WEST HWY 900, BETHESDA, MD 20814-3423
Preparer
Richard Ruvelson
Phone
3012726000
Supplemental Narrative

Additional Explanations

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 XI, LINE 9 - OTHER CHANGES IN NET ASSETS:

“$17,499 deferred revenue timing difference prior year reversal for net asset return purposes only.”

Form 990 Part IX Line 11G

“Description:public relations total fees:503700”

Form 990 Part IX Line 11G

“Description:honorariums total fees:90000”

Form 990 Part IX Line 11G

“Description:economic research total fees:43830”

Form 990 Part IX Line 11G

“Description:consultant fee total fees:33089”

Form 990 Part IX Line 11G

“Description:recruiting total fees:13383”

Form 990 Part IX Line 11G

“Description:401 k admin fee total fees:665”

Raw XML AppendixShowing 400 of 678 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0THE 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.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT & CEO
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