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Nonprofiteer
← ECONOMIC INNOVATION GROUP INC

Form 990 for tax year 2024

Filed by ECONOMIC INNOVATION GROUP INC.

Totals

Total revenue
$5,679,893
Total expenses
$5,806,034
Contributions and grants received
$5,318,859
Grants paid
$0
Program services expenses (Part IX)
$5,074,792
Management and general expenses
$731,242
Fundraising expenses
$0
Program service expenses (Part III)
$5,074,792

Program services were 87.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • John Lettieri

    PRESIDENT & CEO

    Total calculated
    $535,307
    From this org
    $479,718
    From related orgs
    $0
    Other
    $55,589
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $398,663
    Bonus
    $81,055
    Other
    $0
    Deferred
    $17,250
    Nontaxable benefits
    $38,339
    Filer's total
    $535,307

  • Adam Ozimek

    Chief Economist

    Total calculated
    $364,029
    From this org
    $316,133
    From related orgs
    $0
    Other
    $47,896
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $262,452
    Bonus
    $53,681
    Other
    $0
    Deferred
    $16,203
    Nontaxable benefits
    $31,693
    Filer's total
    $364,029

  • Jennifer Nordquist

    Executive Vice President

    Total calculated
    $348,188
    From this org
    $329,953
    From related orgs
    $0
    Other
    $18,235
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $282,248
    Bonus
    $47,705
    Other
    $0
    Deferred
    $16,519
    Nontaxable benefits
    $1,716
    Filer's total
    $348,188

  • Milica Cosic

    Chief of Staff

    Total calculated
    $240,667
    From this org
    $219,761
    From related orgs
    $0
    Other
    $20,906
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $182,951
    Bonus
    $36,810
    Other
    $0
    Deferred
    $11,111
    Nontaxable benefits
    $9,795
    Filer's total
    $240,667

  • Catherine Lyons

    Director of Policy & Coalition

    Total calculated
    $192,757
    From this org
    $157,295
    From related orgs
    $0
    Other
    $35,462
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $130,132
    Bonus
    $27,163
    Other
    $0
    Deferred
    $8,199
    Nontaxable benefits
    $27,263
    Filer's total
    $192,757

  • Kenan Fikri

    Director of Research

    Total calculated
    $187,394
    From this org
    $178,500
    From related orgs
    $0
    Other
    $8,894
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $154,393
    Bonus
    $24,107
    Other
    $0
    Deferred
    $8,894
    Nontaxable benefits
    $0
    Filer's total
    $187,394

  • SEAN PARKER

    CHAIR OF THE BOARD

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL POLANKSY

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • JAMES LEE SORENSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · First-class or charter travel
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1 - FIRST CLASS TRAVEL:
FIRST CLASS TRAVEL MAY BE APPROVED ON A CASE-BY-CASE BASIS IF IT'S DETERMINED THAT THE COST IS MINIMAL and it is beneficial to the business purpose of EIG. THE ORGANIZATION DOES NOT TREAT THE FIRST-CLASS TRAVEL COST WHEN PAID AS TAXABLE COMPENSATION.
Part I, Line 7: NONFIXED PAYMENTS
Bonus for the CEO is subject to board review and approval. Other employee's bonuses are based on performance review on a yearly basis by the CEO.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202513219349307891

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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