2018-05-10T16:07:09-05:00 2017-06-30 271728945 PKF O'Connor Davies LLP 3001 Summer Street 5th Floor East Stamford CT 06905 990 2016-07-01 454698768 50CAN ACTION FUND INC 50CA 3017614385 1625 k street nw No 400 washington DC 20006 MARC MAGEE CEO 3017614385 2018-05-10 1 Garrett M Higgins P00543209 2033232400 2018-05-10 2016 2022-09-23 18:48:47Z MARC MAGEE 1625 k street nw No 400 washington DC 20006 2793519 0 X N/A X 2012 CT closing the educational achievement gap. 5 3 0 5 0 0 1623241 2793105 0 0 0 14 0 -2500 1623241 2790619 3250 1089437 0 0 0 0 0 0 40753 532927 1767349 536177 2856786 1087064 -66167 1190349 1359488 86326 321632 1104023 1037856 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 1917496 450000 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. 720204 639437 POLITICAL CAMPAIGN ACTIVITY BASED ON EDUCATION ISSUES. THESE ACTIVITIES INCLUDED PUBLIC COMMUNICATIONS THROUGH BOTH EARNED MEDIA AND MAILINGS ON EDUCATIONAL ISSUES. 2637700 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 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 18 0 0 0 0 0 0 1 1 0 X 5 3 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 CT 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 217428 31911 ALEX JOHNSTON BOARD MEMBER 1.00 X 0 0 0 MICHELLE RHEE JOHNSON BOARD MEMBER 1.00 45.00 X 0 91000 3217 ANN BOROWIEC BOARD MEMBER 1.00 1.00 X 0 0 0 MARC MAGEE CEO 5.00 45.00 X 0 259705 26172 CHRIS TESSONE CFO AND SECRETARY 5.00 45.00 X 0 113135 6062 0 681268 67362 0 0 1 0 IMPROVING CLASSROOMS FOR ALL OF AMERICA' 1625 K STREET NW SUITE 400 WASHINGTON DC 20006 LOBBYING 175098 PENN SCHOEN & BERLAND ASSOCIATES LLC 230 PARK AVENUE SOUTH 2ND FL NEW YORK NY 10003 DATA ANALYSIS 127682 2 86500 2706605 2793105 14 14 400 2900 -2500 -2500 -2500 2790619 0 0 -2486 1039387 1039387 50050 50050 212536 116895 95641 15574 15574 363861 363861 268486 268486 91679 91489 190 32260 17075 12339 2846 14825 2000 12825 47236 37788 4724 4724 53373 53373 3856 3856 SALARY REIMBURSEMENT 607919 547126 30397 30396 OVERHEAD REIMBURSEMENT 55744 50170 2787 2787 2856786 2637700 178333 40753 923659 1341604 266690 16500 1384 1190349 1359488 86326 321632 86326 321632 X 653296 984275 450727 53581 1104023 1037856 1190349 1359488 -66167 0 X 0 1 X 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 720204 80767 639437 720204 0 tennesseans for putting students first PO Box 190492 Nashville TN 37219 813094993 412500 improving classrooms for all of america's students llc 1625 K Street NW Suite 400 Washington DC 20006 454698768 176362 north carolina equal education for all 1625 K Street NW Suite 400 Washington DC 20006 813925952 525 Gary Schaer for Assembly 1 Howe Avenue Passaic NJ 07055 1000 Jackie Hayes for House 240 Bermuda Road Dillon SC 29536 250 Thomas Pope for House PO Box 471 York SC 29745 250 John Richrad C King for House PO Box 11555 Rock Hill SC 29731 250 Raye Felder for House 116 Mary Mack Lane Fort Mill SC 29715 250 Loftis for House PO Box 14784 Greenville SC 29610 250 Gary Clary for House PO Box 1645 Clemson SC 29633 250 Richard Yow for House 178 Mill St Chesterfield SC 29709 250 Samuel Rivers for House PO Box 760 Goose Creek SC 29445 250 Robert L Brown for House 5925 Hwy 162 Hollywood SC 29449 250 Neal Collins for House PO Box 906 Easley SC 29641 250 Jeff Bradley for House 304 Seabrook Drive Hilton Head Island SC 29926 250 Bill Taylor for House PO Box 2646 Aiken SC 29802 250 Paul Campbell for Senate 150 Loganberry Circle Goose Creek SC 29445 500 Katrina Shealy for SC Senate PO Box 503 Lexington SC 29071 500 Greg Hembree for SC Senate P O Box 944 N Myrtle Beach SC 29597 500 Tommy Stringer for House PO Box 2078 Greer SC 29652 500 Kent Williams for Senate 4205 Stirk Place Marion SC 29571 500 Vincent Sheheen for Senate PO Drawer 10 Camden SC 29021 500 Thomas McElveen for Senate P O Box 57 Sumter SC 29151 500 Brad Hutto for Senate PO Box 1084 Orangeburg SC 29116 500 Luke Rankin for Senate PO Box 919 Conway SC 29528 500 Kevin Bryant for Senate 104-A North Avenue Anderson SC 29625 500 Shannon Erickson for House PO Box 1228 Beaufort SC 29901 1000 Shane Massey for Senate PO Box 551 Edgefield SC 29824 1000 Stephen Goldfinch for SC Senate PO Box 823 Murrells Inlet SC 29576 250 Timmons for State Senate PO Box 395 Greenville SC 29602 250 Rex Rice for SC Senate District 2 PO Box 1706 Easley SC 29641 250 CLIMER For Senate PO Box 4898 Rock Hill SC 29732 250 Bennett for Senate 122 President Circle Summerville SC 29483 250 Election Fund of Troy Singleton for Assembly 907 Morgan Avenue Palmyra NJ 08065 2100 Chuck Payne for State Senate PO Box 1074 Dalton GA 30722 500 South Carolina Democratic Caucus PO Box 12049 Columbia SC 29211 3500 Election Fund for Senator Paul Sarlo 496 Columbia Boulevard 1st Floor Woodridge NJ 07075 1000 Rep Rita Allison PO Box 93 Lyman SC 29365 500 O'Scanlon for Senate 32 Monmouth Street 3rd Floor Red Bank NJ 07701 1000 Senate Republican Majority 405 Hart Senate Building Washington DC 20510 5000 NJ Senate Democratic Majority Senate Democratic Office PO Box Trenton NJ 08625 20000 Angela McKnight for Assembly 2324 John F Kennedy Boulevard Jersey City NJ 07304 1600 M Teresa Ruiz for Senate 166 Bloomfield Avenue Newark NJ 07104 2600 Part I-A, Line 1: The organization supported candidates committed to policies that close the achievement gap. 0 X 2793119 2900 2900 2790219 400 400 2790619 2859286 2900 2900 2856386 400 400 2856786 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, 2014. Part XI, Line 2d - Other Adjustments: rental expenses reported on part viii, line 6b 2,900. Part XI, Line 4b - Other Adjustments: rental revenue reported on part viii, line 6a 400. Part XII, Line 2d - Other Adjustments: rental expenses reported on part viii, line 6b 2,900. Part XII, Line 4b - Other Adjustments: rental revenue reported on part viii, line 6a 400. 1 50CAN INC 1625 K STREET NW SUITE 400 WASHINGTON DC 20006 273069592 501(C)(3) 100000 GENERAL OPERATING SUPPORT STUDENTSFIRST 825 K STEET 2ND FLOOR SACRAMENTO CA 95814 273659685 501(C)(4) 35000 WIND DOWN EXPENSES TENNESSEANS FOR PUTTING STUDENTS FIRST PO BOX 190492 NASHVILLE TN 37219 813094993 N/A 412500 CAMPAIGN LOBBYING OPPORTUNITY FOR ALL GEORGIA STUDENTS INC 5655 ALPHARETTA HIGHWAY SUITE 102B-215 ALPHARETTA GA 30004 813294411 N/A 310000 BALLOT INITIATIVE IMPROVING CLASSROOMS FOR ALL OF AMERICA'S STUDENTS LLC 1625 K STREET NW SUITE 400 WASHINGTON DC 20006 000000000 N/A 176362 CAMPAIGN LOBBYING 1 4 CAMPAIGN CONTRIBUTIONS 41 50050 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 200428 0 17000 0 0 0 11150 0 20761 0 249339 0 0 MARC MAGEE CEO 0 239705 0 20000 0 0 0 13020 0 13152 0 285877 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