2019-05-14T12:17:08-05:00 2018-06-30 271728945 PKF O'CONNOR DAVIES LLP 3001 SUMMER STREET 5TH FLOOR EAST STAMFORD CT 06905 990 2017-07-01 454698768 50CAN ACTION FUND INC 50CA 3017614385 1625 K STREET NW NO 400 WASHINGTON DC 20006 MARC MAGEE CEO 3017614385 2019-05-14 1 GARRETT M HIGGINS P00543209 2033232400 2019-05-14 65.51.112.58 2019-05-14 12:17:04 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 9616F4B14A694591D1E716C270910E6FA5556DA3 2017 2019-02-21 02:37:17Z MARC MAGEE 1625 K STREET NW NO 400 WASHINGTON DC 20006 1947536 0 X N/A X 2012 CT CLOSING THE EDUCATIONAL ACHIEVEMENT GAP. 4 2 0 5 0 0 2793105 1947013 0 0 14 3 -2500 520 2790619 1947536 1089437 288063 0 0 0 0 0 0 43122 1767349 2066434 2856786 2354497 -66167 -406961 1359488 1090957 321632 460062 1037856 630895 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 1888511 254463 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. 48250 33600 POLITICAL CAMPAIGN ACTIVITY BASED ON EDUCATION ISSUES. THESE ACTIVITIES INCLUDED PUBLIC COMMUNICATIONS THROUGH BOTH EARNED MEDIA AND MAILINGS ON EDUCATIONAL ISSUES. 1936761 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 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 0 0 1 22 0 0 0 0 0 0 1 1 0 X 4 2 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 CHRIS TESSONE 3017614385 1625 K STREET NW NO 400 WASHINGTON DC 20006 ED KIRBY BOARD CHAIR 1.00 X X 0 0 0 VALLAY-LATH VARRO PRESIDENT 5.00 45.00 X X 0 209141 23795 ALEX JOHNSTON BOARD MEMBER 1.00 X 0 0 0 MICHELLE RHEE JOHNSON BOARD MEMBER (THRU 03/2018) 1.00 45.00 X 0 180000 12031 ANN BOROWIEC BOARD MEMBER 1.00 1.00 X 0 0 0 MARC MAGEE CEO 5.00 45.00 X 0 246914 15370 CHRIS TESSONE CFO AND SECRETARY 5.00 45.00 X 0 146806 30797 0 782861 81993 0 0 1 0 PERKINS COIE LLP 700 13TH STREET NW WASHINGTON DC 20005 LEGAL SERVICES 129755 1 69000 1878013 1947013 3 3 100 0 100 100 100 REIMBURSEMENTS 900099 420 420 420 1947536 0 0 523 284463 284463 3600 3600 582561 320409 262152 38813 38813 288841 288841 212979 212979 138121 138121 41625 23050 14733 3842 14309 14309 55662 44530 5566 5566 13908 13908 5326 5326 SALARY REIMBURSEMENT 674289 606860 33715 33714 2354497 1936761 374614 43122 1341604 1013778 16500 77179 1384 0 1359488 1090957 321632 460062 321632 460062 X 984275 480895 53581 150000 1037856 630895 1359488 1090957 -406961 0 X 0 1 X 0 0 48250 14650 33600 48250 0 TENNESSEANS FOR PUTTING STUDENTS FIRST PO BOX 190492 NASHVILLE TN 37219 813094993 30000 ELIANA PINTOR MARIN FOR STATE ASSEMBLY 263 LAFAYETTE STREET 1ST FLOOR NEWARK NJ 07105 2600 CRAIG COUGHLIN FOR STATE ASSEMBLY 569 RAHWAY AVENUE WOODRIDGE NJ 07095 1000 PART I-A, LINE 1: THE ORGANIZATION SUPPORTED CANDIDATES COMMITTED TO POLICIES THAT CLOSE THE ACHIEVEMENT GAP. 0 X 1947536 0 1947536 0 1947536 2354497 0 2354497 0 2354497 PART X, LINE 2: 50CAN ACTION FUND RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY WHEN THEY ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT 50CAN ACTION FUND HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. 50CAN ACTION FUND IS NO LONGER SUBJECT TO FEDERAL, STATE OR LOCAL INCOME TAX EXAMINATIONS FOR PERIODS PRIOR TO JUNE 30, 2015. 1 50CAN INC 1625 K STREET NW SUITE 400 WASHINGTON DC 20006 273069592 501(C)(3) 254463 GENERAL OPERATING SUPPORT TENNESSEANS FOR PUTTING STUDENTS FIRST PO BOX 190492 NASHVILLE TN 37219 813094993 N/A 30000 CAMPAIGN LOBBYING 1 1 PART I, LINE 2: 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. 50CAN, INC. ALSO MAINTAINS SEVERAL ONGOING GRANT AGREEMENTS WITH 50CAN ACTION FUND, INC., WHICH STIPULATES THAT 50CAN, INC. WILL REIMBURSE 50CAN ACTION FUND, INC. FOR CERTAIN CONTRACTS THAT BENEFIT 50CAN'S NETWORK. 0 0 0 0 0 0 0 0 0 VALLAY-LATH VARRO PRESIDENT 0 207241 0 1900 0 0 0 10704 0 13091 0 232936 0 0 MICHELLE RHEE JOHNSON BOARD MEMBER (THRU 03/2018) 0 180000 0 0 0 0 0 0 0 12031 0 192031 0 0 MARC MAGEE CEO 0 246914 0 0 0 0 0 12381 0 2989 0 262284 0 0 CHRIS TESSONE CFO AND SECRETARY 0 144906 0 1900 0 0 0 7820 0 22977 0 177603 0 0 PART I, LINE 3 WHEN SETTING COMPENSATION FOR POSITIONS, 50CAN INC., A RELATED ENTITY, REVIEWS COMPENSATION SURVEYS FOR NON-PROFITS AND CONSIDERS OTHER EDUCATION REFORM GROUPS AND HOW THEY COMPENSATE THEIR EMPLOYEES. RAISES AND PROMOTIONS ARE USUALLY BASED ON 50 CAN'S PERFORMANCE REVIEW SYSTEMS. ONCE COMPENSATION HAS BEEN DETERMINED, A CHART IS SUBMITTED TO THE BOARD OF DIRECTORS WITH EXPLANATIONS OF ANY PROPOSED CHANGES AND THE BOARD THEN VOTES ON THESE FIGURES DURING AN EXECUTIVE SESSION. 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. 50CAN INC 1625 K ST NW SUITE 400 WASHINGTON DC 20006 273069592 TO CLOSE AMERICA'S ACHIEVEMENT GAP CT 501(C)(3) LINE 7 N/A 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0