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Nonprofiteer
← ECONOMIC INNOVATION GROUP INC

Form 990 for tax year 2023

Filed by ECONOMIC INNOVATION GROUP INC.

Totals

Total revenue
$6,446,450
Total expenses
$4,781,746
Contributions and grants received
$6,222,807
Grants paid
$0
Program service revenue
$198,145
Investment income
$25,498
Other revenue
$0
Total assets, end of year
$7,784,859
Total liabilities, end of year
$636,142
Net assets or fund balances, end of year
$7,148,717
Program services expenses (Part IX)
$4,121,859
Management and general expenses
$659,887
Fundraising expenses
$0
Program service expenses (Part III)
$4,121,859

Program services were 86.2% 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
    $519,040
    From this org
    $466,658
    From related orgs
    $0
    Other
    $52,382
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $387,387
    Bonus
    $79,271
    Other
    $0
    Deferred
    $16,500
    Nontaxable benefits
    $35,882
    Filer's total
    $519,040

  • Adam Ozimek

    Chief Economist

    Total calculated
    $351,841
    From this org
    $306,980
    From related orgs
    $0
    Other
    $44,861
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $255,105
    Bonus
    $51,875
    Other
    $0
    Deferred
    $15,281
    Nontaxable benefits
    $29,580
    Filer's total
    $351,841

  • Jennifer Nordquist

    Executive Vice President

    Total calculated
    $340,225
    From this org
    $322,834
    From related orgs
    $0
    Other
    $17,391
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $274,022
    Bonus
    $48,812
    Other
    $0
    Deferred
    $15,705
    Nontaxable benefits
    $1,686
    Filer's total
    $340,225

  • Milica Cosic

    Chief of Staff

    Total calculated
    $233,368
    From this org
    $214,934
    From related orgs
    $0
    Other
    $18,434
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $173,159
    Bonus
    $41,775
    Other
    $0
    Deferred
    $10,569
    Nontaxable benefits
    $7,865
    Filer's total
    $233,368

  • Kenan Fikri

    Director of Research

    Total calculated
    $225,226
    From this org
    $214,779
    From related orgs
    $0
    Other
    $10,447
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $175,160
    Bonus
    $39,619
    Other
    $0
    Deferred
    $10,447
    Nontaxable benefits
    $0
    Filer's total
    $225,226

  • Catherine Lyons

    Director of Policy & Coalition

    Total calculated
    $185,440
    From this org
    $154,988
    From related orgs
    $0
    Other
    $30,452
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $124,817
    Bonus
    $30,171
    Other
    $0
    Deferred
    $7,823
    Nontaxable benefits
    $22,629
    Filer's total
    $185,440

  • 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, and on a Form 990-PF Part VIII's — 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
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202433209349308893

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

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