2020-07-15T17:20:00-05:00 2019-06-30 271728945 PKF O'CONNOR DAVIES LLP 3001 SUMMER STREET 5TH FLOOR EAST STAMFORD CT 06905 990 2018-07-01 454698768 50CAN ACTION FUND INC 50CA 7325132728 1625 K STREET NW NO 400 WASHINGTON DC 20006 MARC MAGEE CEO 7325132728 2020-07-15 1 GARRETT M HIGGINS P00543209 2033232400 2020-07-15 100.33.234.126 2020-07-15 17:19:56 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 A6D13489680F7BF7A058155E65F3C61B5D8EE11D 2018 2021-09-10 13:11:23Z MARC MAGEE 1625 K STREET NW NO 400 WASHINGTON DC 20006 1186552 0 X N/A X 2012 CT CLOSING THE EDUCATIONAL ACHIEVEMENT GAP. 4 3 0 4 0 0 1947013 1186552 0 0 3 0 520 0 1947536 1186552 288063 371370 0 0 0 0 0 0 21010 2066434 976522 2354497 1347892 -406961 -161340 1090957 868275 460062 404280 630895 463995 50CAN ACTION FUND IS ORGANIZED TO CLOSE THE RACIAL AND SOCIOECONOMIC ACHIEVEMENT GAPS THROUGH THE ENACTMENT OF PUBLIC POLICY CHANGES THAT SUPPORT GREAT SCHOOLS. 0 0 1060889 261970 ADVOCACY ACTIVITIES TO PROMOTE POLICY REFORM AIMED AT IMPROVING STUDENT ACADEMIC ACHIEVEMENT AND EDUCATIONAL EQUITY. THESE ACTIVITIES INCLUDED DEVELOPING POLICY POSITIONS ON RELEVANT EDUCATION QUESTIONS AND DIRECT LOBBYING ON RELATED LEGISLATIVE AND ADMINISTRATIVE TOPICS. 174017 109400 POLITICAL CAMPAIGN ACTIVITY BASED ON EDUCATION ISSUES. THESE ACTIVITIES INCLUDED PUBLIC COMMUNICATIONS THROUGH BOTH EARNED MEDIA AND MAILINGS ON EDUCATIONAL ISSUES. 1234906 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 21 0 0 0 0 0 0 1 1 0 0 0 X 4 3 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 GA MD NC NY NJ PA RI SC TN X X MARC MAGEE 7325132728 1625 K STREET NW NO 400 WASHINGTON DC 20006 ED KIRBY BOARD CHAIR 1.00 1.00 X X 0 0 0 VALLAY-LATH VARRO PRESIDENT 5.00 1.00 X X 25233 0 3654 ALEX JOHNSTON BOARD MEMBER 1.00 1.00 X 0 0 0 ANN BOROWIEC BOARD MEMBER 1.00 X 0 0 0 MARC MAGEE CEO 5.00 1.00 X 29330 0 3725 CHRIS TESSONE CFO & SECRETARY THRU MAY 2019 5.00 1.00 X 18125 0 3627 72688 0 11006 0 0 0 1 PERKINS COIE LLP 1201 THIRD AVENUE SUITE 4900 SEATTLE WA 98101 LEGAL SERVICES 486283 1 1186552 1186552 1186552 0 0 0 X 371370 371370 17126 9419 7707 1500 1500 209750 209750 173027 173027 148399 148399 28508 14590 11486 2432 49632 49632 34650 27720 3465 3465 8600 8600 3073 3073 SALARY REIMBURSEMENT 286632 257968 14332 14332 MISC. EXPENSES 15625 14063 781 781 1347892 1234906 91976 21010 1013778 464313 77179 403962 1090957 868275 460062 404280 460062 404280 X 480895 313995 150000 150000 630895 463995 1090957 868275 -161340 -5560 0 X 0 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 174017 64617 109400 174017 0 TENNESSEANS FOR PUTTING STUDENTS FIRST PO BOX 190492 NASHVILLE TN 37219 813094993 98000 M TERESA RUIZ FOR SENATE 165 BLOOMFIELD AVENUE NEWARK NJ 07104 5200 PAMELA LAMPITT FOR ASSEMBLY 1101 LAUREL OAK ROAD SUITE 150 VOORHEES NJ 08043 2600 STEPHEN SWEENEY FOR SENATE 935 KINGS HIGHWAY SUITE 400 WEST DEPTFORD NJ 08086 2600 NELLIE POU FOR SENATE 100 HAMILTON PLAZA SUITE 1405 PATERSON NJ 07505 1000 PART I-A, LINE 1: THE ORGANIZATION SUPPORTED CANDIDATES COMMITTED TO POLICIES THAT CLOSE THE ACHIEVEMENT GAP. 1 OPPORTUNITY NASHVILLE INC 4117 HILLSBORO PIKE SUITE 103-170 NASHVILLE TN 37215 831832932 501(C)(4) 106970 GENERAL OPERATING SUPPORT TENNESSEANS FOR PUTTING STUDENTS FIRST PO BOX 190492 NASHVILLE TN 37219 813094993 N/A 98000 CAMPAIGN CONTRIBUTION 50CAN INC 1625 K STREET NW SUITE 400 WASHINGTON DC 20006 273069592 501(C)(3) 155000 GENERAL OPERATING SUPPORT M TERESA RUIZ FOR SENATE 165 BLOOMFIELD AVENUE NEWARK NJ 07104 527 5200 CAMPAIGN CONTRIBUTION 1 3 PART I, LINE 2: 50CAN ACTION FUND PROVIDED A GRANT TO OPPORTUNITY NASHVILLE IN 2019. OPPORTUNITY NASHVILLE WAS ONBOARDED TO 50CAN ACTION FUND AS A FISCAL SPONSOR WITH GRANTS ISSUED TO 50CAN FOR THE PURPOSE OF OPPORTUNITY NASHVILLE. IN 2019, OPPORTUNITY NASHVILLE BECAME ITS OWN 501(C)(4) AND AS A RESULT, 50CAN ISSUED ITS DESIGNATED FUNDS TO OPPORTUNITY NASHVILLE. PRIOR TO OPPORTUNITY NASHVILLE BEING ONBOARDED AS A FISCAL SPONSOR, A VETTING PROCESS WAS CONDUCTED WHICH INVOLVED CONVERSATIONS WITH THE OPPORTUNITY NASHVILLE TEAM AND 50CAN ACTION FUND MANAGEMENT. CAMPAIGN CONTRIBUTIONS ARE NOT MADE UNLESS THERE IS SPECIFIC FUNDING TO COVER IT BEYOND EACH STATE CAMPAIGN'S GENERAL OPERATING BUDGET. CAMPAIGN CONTRIBUTION REQUESTS FROM STATE AND LOCAL TEAMS ARE REVIEWED AND APPROVED BY THE DIRECTOR OF FINANCE AND CFO BEFORE A CONTRIBUTION IS MADE. 0 0 0 0 0 0 0 0 0 VALLAY-LATH VARRO PRESIDENT 25233 0 0 0 0 0 0 0 3654 0 28887 0 0 0 MARC MAGEE CEO 29330 0 0 0 0 0 0 0 3725 0 33055 0 0 0 CHRIS TESSONE CFO & SECRETARY THRU MAY 2019 18125 0 0 0 0 0 0 0 3627 0 21752 0 0 0 PART VII, LINE 5, SERVICES PAID BY AN UNRELATED ORGANIZATION: THE FOLLOWING WERE PAID BY AN UNRELATED ORGANIZATION, 50CAN, INC. THEY RECEIVED A W-2 FOR THEIR SERVICES, AS WELL AS RETIREMENT CONTRIBUTIONS, AND NONTAXABLE BENEFITS FROM THE UNRELATED ORGANIZATION. THE COMPENSATION REPORTED IN PART VII, SECTION A AND SCHEDULE J, PART II IS BASED ON THEIR CALENDAR YEAR COMPENSATION FOR SERVICES RENDERED TO THE ORGANIZATION. - VALLAY-LATH VARRO, PRESIDENT - MARC MAGEE, CEO - CHRIS TESSONE, CFO FORM 990, PART VI, SECTION A, LINE 8B 50CAN ACTION FUND HAS NOT FORMED ANY COMMITTEES OF THE BOARD TO DATE. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY MANAGEMENT AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS ELECTRONICALLY SENT TO THE BOARD MEMBERS OF THE ORGANIZATION FOR ANY COMMENTS. ANY COMMENTS ARE THEN GROUPED, SUMMARIZED AND PROVIDED TO THE OUTSIDE ACCOUNTANTS. EACH ISSUE IS DOCUMENTED AND ADDRESSED UNTIL THE RETURN IS FINALIZED AND APPROVED FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: 1) HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY, 2) HAS READ AND UNDERSTANDS THE POLICY 3) HAS AGREED TO COMPLY WITH THE POLICY, AND 4) UNDERSTANDS THE ORGANIZATION IS A SOCIAL WELFARE ORGANIZATION AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC BY PROVIDING COPIES UPON REQUEST. FORM 990, PART IX, LINE 11G STRATEGIC PLANNING: PROGRAM SERVICE EXPENSES 48,100. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 48,100. ADVOCACY CONSULTING: PROGRAM SERVICE EXPENSES 36,742. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 36,742. CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 85,610. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 85,610. MANAGEMENT CONSULTING: PROGRAM SERVICE EXPENSES 2,575. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,575. 50 CAN ACTION FUND PAC 1625 K ST NW SUITE 400 WASHINGTON DC 20006 830877823 POLITICAL ACTION FUND CT 527 50CAN ACTION FUND INC 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0