2017-09-08T13:27:38-05:00 2016-12-31 271728945 PKF O'CONNOR DAVIES LLP 3001 SUMMER STREET 5TH FL EAST STAMFORD CT 06905 990 2016-01-01 273069592 50CAN INC 50CA 3017614385 1625 K STREET NW NO 400 WASHINGTON DC 20006 MARC MAGEE CEO & BOARD MEMBER 3017614385 2017-09-08 1 GARRETT M HIGGINS P00543209 2033232400 2017-09-06 65.51.112.58 2017-09-08 13:54:56 ED P C63E204139530C7A73D948D9DBE25A8631A7AD1B 45D10729E84C80409783239EA0C370A8A08632B7 2016 2021-01-29 14:40:06Z MARC MAGEE 1625 K STREET NW NO 400 WASHINGTON DC 20006 10127796 0 X WWW.50CAN.ORG X 2010 CT 50CAN, INC. IS A NOT-FOR-PROFIT ORGANIZATION COMMITTED TO CLOSING AMERICA'S ACHIEVEMENT GAP BY BUILDING PUBLIC SUPPORT FOR PROVEN MODELS OF EFFECTIVE PUBLIC EDUCATION. 8 7 82 7 0 0 6689398 10121237 8135 2375 419 16 0 4168 6697952 10127796 902792 146610 0 0 4480280 5622507 0 0 771826 1806495 2471897 7189567 8241014 -491615 1886782 2686081 4629629 130700 187466 2555381 4442163 X 50CAN IS ORGANIZED FOR THE PURPOSE OF IMPROVING THE QUALITY OF PUBLIC EDUCATION IN THE 50 STATES OF THE UNITED STATES OF AMERICA. IT DOES SO THROUGH THE CREATION AND MANAGEMENT OF STATE-BASED EDUCATIONAL REFORM PROGRAMS IN SUPPORT OF GREATER CHOICES, TRANSPARENCY, ACCOUNTABILITY AND FLEXIBILITY IN PUBLIC EDUCATION. ELEMENTS OF THESE PROGRAMS INCLUDE: RESEARCH ON AND DEVELOPMENT OF EFFECTIVE EDUCATIONAL REFORM POLICIES; DEVELOPMENT AND USE OF INFORMATION TECHNOLOGY, DATA GATHERING AND OUTCOME MEASUREMENTS DESIGNED TO INFORM, EVALUATE AND STRENGTHEN PUBLIC EDUCATION; PRODUCTION OF COMMUNICATIONS MATERIALS AND THE USE OF OUTREACH STRATEGIES TO EDUCATE THE GENERAL PUBLIC, ELECTED OFFICIALS, SCHOOL ADMINISTRATORS AND TEACHERS, CIVIC AND COMMUNITY GROUPS AND OTHER INTERESTED PARTIES ABOUT THE STATE OF PUBLIC EDUCATION AND THE POTENTIAL OF EDUCATION REFORM POLICIES AND PROGRAMS; AND EDUCATIONAL AND FELLOWSHIP PROGRAMS TO TRAIN INDIVIDUALS AS EFFECTIVE EDUCATIONAL REFORM LEADERS. 1 0 2916437 1000 2375 COMMUNICATIONS & MOBILIZATION50CAN HELPS LOCAL LEADERS CREATE A MOVEMENT OF INFORMED CITIZENS THROUGH MEDIA WORK, E-ADVOCACY, PUBLICATIONS, GRAPHIC DESIGN, PARTNERSHIPS WITH LIKE-MINDED CIVIC AND COMMUNITY GROUPS, PHONE BANKS, PETITIONS AND RALLIES. 1613348 TRAINING50CAN OFFERS A SUITE OF TRAINING PROGRAMS, INCLUDING A LEADERSHIP DEVELOPMENT PROGRAM AND YOUCAN (A PROGRAM TO TRAIN LOCAL COMMUNITY ACTIVISTS). THIS AREA ALSO INCLUDES RECURRING GATHERINGS OF 50CAN STAFFERS AND OTHER EDUCATION REFORMS PARTNERS TO PROVIDE ADDITIONAL PROFESSIONAL DEVELOPMENT OPPORTUNITIES. 930778 145610 ADVOCATE FOR POLICY CHANGE50CAN'S EXPERT STAFF TEAMS UP WITH OUR LOCAL LEADERS TO DEVELOP AND ENACT CONCRETE, MEANINGFUL EDUCATION REFORMS. 744623 RESEARCH & POLICY50CAN'S RESEARCH MARRIES IN-DEPTH ANALYSIS OF STATE-LEVEL PUBLIC EDUCATION DATA IN EACH STATE WITH THE LATEST NATIONAL EDUCATION POLICY RESEARCH.FISCAL SPONSORSHIPSFROM TIME TO TIME 50CAN WILL OFFER FISCAL AGENCY SERVICES TO PARTNER ORGANIZATIONS WITH SIMILAR MISSIONS. TO DATE THESE RELATIONSHIPS HAVE BEEN OFFERED TO NEW ORGANIZATIONS AWAITING INDEPENDENT 501(C)3 STATUS OR TO THOSE THAT WANT TO TAKE ADVANTAGE OF 50CAN'S FINANCIAL PROCESSES. 744623 6205186 1 1 0 1 0 0 0 0 0 0 1 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 1 1 1 0 1 69 0 82 1 0 0 0 0 0 0 0 0 0 0 X 8 7 0 0 0 0 0 0 0 1 0 0 1 1 1 1 1 1 1 1 1 1 0 CA CT FL GA HI MD MN NC NJ NM NY PA RI SC TN VA X X CHRIS TESSONE 3017614385 1625 K STREET NW NO 400 WASHINGTON DC 20006 SANDY VARGAS BOARD CHAIR 2.00 X X 0 0 0 MARC MAGEE CEO & BOARD MEMBER 45.00 5.00 X X 259705 0 26172 ANN BOROWIEC BOARD MEMBER 1.00 1.00 X 0 0 0 ROLAND MARTIN BOARD MEMBER 1.00 X 0 0 0 MICHAEL PHILLIPS BOARD MEMBER 1.00 X 0 0 0 JONATHAN SACKLER BOARD MEMBER 1.00 X 0 0 0 DACIA TOLL BOARD MEMBER 1.00 X 0 0 0 DAVID WICK BOARD MEMBER 1.00 X 0 0 0 VALLAY-LATH VARRO PRESIDENT 45.00 5.00 X 217428 0 31911 INGRID REYNOSO COO (THRU 01/2016) 50.00 X 15000 0 141 CHRIS TESSONE CFO AND SECRETARY 45.00 5.00 X 113135 0 6062 JONATHAN CETEL ED PENNCAN 50.00 X 138591 0 11464 REBECCA GREENBERG-ELLIS SVP OF GROWTH 50.00 X 108200 0 25040 JANELLEN DUFFY ED JERSEYCAN 50.00 X 142675 0 42243 DERRELL BRADFORD EXECUTIVE VICE PRESIDENT 50.00 X 156300 0 11588 JASON BOTEL ED MARYLAND CAN 50.00 X 158760 0 27550 1309794 0 182171 12 0 1 0 HOUSE9DESIGN 4-4525 RUE ST MONTREAL QUEBEC CA H2TIT7 GRAPHIC DESIGN 240668 GIBSON DUNN & CRUTCHER LLP PO BOX 840723 LOS ANGELES CA 90084 LEGAL SERVICES 115720 THE MANAGEMENT ACTION CENTER INC 1710 RHODE ISLAND AVENUE NW SUITE WASHINGTON DC 20036 LEADERSHIP DEVELOPMENT CONSULTING 102927 3 10121237 1990 10121237 EDU. REFORM ASSESSMENT 900099 2375 2375 2375 16 16 MISC. REVENUE 900099 4168 4168 4168 10127796 2375 0 4184 145610 145610 1000 1000 669554 511383 74855 83316 3870376 2956065 432700 481611 121542 92830 13588 15124 573558 438064 64123 71371 387477 295942 43319 48216 228012 92653 135359 93719 38083 55636 19040 19040 560892 489896 31497 39499 200002 200002 103380 65311 35809 2260 289095 170366 113291 5438 190514 6463 184051 431726 404799 4137 22790 294714 277679 14834 2201 27374 27374 33429 33429 8241014 6205186 1264002 771826 2035431 1508325 10000 51155 491849 2882525 22295 72499 184076 94025 44237 90051 1990 82269 23084 2686081 4629629 126450 177466 4250 10000 130700 187466 X 33373 2262059 2522008 2180104 2555381 4442163 2686081 4629629 1886782 0 X X 0 1 X 0 0 X 6213276 5563288 5379020 6689398 10121237 33966219 6213276 5563288 5379020 6689398 10121237 33966219 14959185 19007034 1118 336 863 419 16 2752 4128 4128 33973099 63078 0.55950 0.46460 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISC REVENUE - 2016 AMOUNT: $ 4,128. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6361 200021 206382 7281593 7487975 524399 131100 0 0 421029 403239 476145 524399 1824812 2737218 416909 263571 334712 206382 1221574 105257 100810 119036 131100 456203 684305 76334 26042 41177 6361 149914 184076 94025 90051 90051 X 10129998 2202 2202 10127796 0 10127796 8243216 2202 2202 8241014 0 8241014 PART X, LINE 2: 50CAN RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY WHEN THEY ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT 50CAN HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. 50CAN IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO 2013. 1 50CAN ACTION FUND INC 1625 K STREET NW SUITE 400 WASHINGTON DC 20006 454698768 501(C)4 145610 LOBBYING EXPENSES PURSUANT TO AGREEMENT 0 1 PART I, LINE 2: FROM TIME TO TIME WE WILL PARTNER WITH OTHER STATE LEVEL ADVOCATES WHEN OPPORTUNITIES ARISE. IN CERTAIN CASES, 50CAN ACTS AS FISCAL AGENT FOR SUCH GRANTS AND WILL ENTER INTO SEPARATE GRANT AGREEMENTS WITH SUB-GRANTEES BEFORE DISTRIBUTING FUNDS. WE REQUIRE REPORTING ON THE USE OF FUNDS AND AN UPDATE ON PROGRAMMING FROM ANY AND ALL SUB-GRANTEES. 50CAN, INC. HAS NOT HISTORICALLY MADE INDEPENDENT GRANTS TO OTHER ORGANIZATIONS UNLESS 50CAN IS PART OF THE SAME PROJECT. 50CAN ALSO MAINTAINS SEVERAL ONGOING GRANT AGREEMENTS WITH 50CAN ACTION FUND, INC., WHICH STIPULATE THAT 50CAN WILL REIMBURSE 50CAN ACTION FUND, INC. FOR CERTAIN CONTRACTS THAT BENEFIT 50CAN'S NETWORK. X X X 0 0 0 0 0 0 0 1 0 MARC MAGEE CEO & BOARD MEMBER 239705 0 20000 0 0 0 13020 0 13152 0 285877 0 0 0 VALLAY-LATH VARRO PRESIDENT 200428 0 17000 0 0 0 11150 0 20761 0 249339 0 0 0 JONATHAN CETEL ED PENNCAN 136591 0 2000 0 0 0 0 0 11464 0 150055 0 0 0 JANELLEN DUFFY ED JERSEYCAN 140675 0 2000 0 0 0 12841 0 29402 0 184918 0 0 0 DERRELL BRADFORD EXECUTIVE VICE PRESIDENT 152300 0 4000 0 0 0 0 0 11588 0 167888 0 0 0 JASON BOTEL ED MARYLAND CAN 156760 0 2000 0 0 0 8242 0 19308 0 186310 0 0 0 PART I, LINE 7 50CAN PROVIDES BONUS COMPENSATION BASED ON VARIOUS PERFORMANCE RELATED CRITERIA AND THE JUDGEMENT OF MANAGEMENT. BONUSES ARE APPROVED BY THE BOARD OF DIRECTORS ON AN ANNUAL BASIS. FORM 990, PART III, LINE 2 DURING 2016, 50CAN, INC. BEGAN A NEW PROGRAM AREA, TRAINING, WHICH INCLUDES A SUITE OF TRAINING AND LEADERSHIP AND PROFESSIONAL DEVELOPMENT PROGRAMS AND OPPORTUNITIES. FORM 990, PART VI, SECTION A, LINE 8B 50CAN DOES NOT HAVE BOARD COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WILL BE COMPLETED ANNUALLY AND COPIES WILL BE PROVIDED TO THE ENTIRE BOARD OF DIRECTORS AS WELL AS THE PRESIDENT OF THE ORGANIZATION. AT THAT TIME THE PRESIDENT WILL REVIEW THE FORM 990 WITH THE BOARD'S AUDIT/FINANCE COMMITTEE. ANY NECESSARY CHANGES WILL THEN BE UPDATED ON THE FORM. ONCE ALL NECESSARY CHANGES ARE MADE AND THE PRESIDENT IS IN AGREEMENT WITH THE AUDIT COMMITTEE ON THE FINISHED FORM 990, IT WILL BE SIGNED BY THE PRESIDENT, DATED AND SUBMITTED BY THE FILING DEADLINE. A COPY OF THE APPROVED FORM 990 WILL BE PROVIDED TO THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C ANY DIRECTOR, PRINCIPAL OFFICER, OR MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS, WHO HAS A DIRECT OR INDIRECT FINANCIAL INTEREST, AS DEFINED BELOW, IS AN INTERESTED PERSON. A PERSON HAS A FINANCIAL INTEREST IF THE PERSON HAS, DIRECTLY OR INDIRECTLY, THROUGH BUSINESS, INVESTMENT, OR FAMILY: (A) AN OWNERSHIP OR INVESTMENT INTEREST IN ANY ENTITY WITH WHICH THE ORGANIZATION HAS A TRANSACTION OR ARRANGEMENT, (B) A COMPENSATION ARRANGEMENT WITH THE ORGANIZATION OR WITH ANY ENTITY OR INDIVIDUAL WITH WHICH THE ORGANIZATION HAS A TRANSACTION OR ARRANGEMENT, OR (C) A POTENTIAL OWNERSHIP OR INVESTMENT INTEREST IN, OR COMPENSATION ARRANGEMENT WITH, ANY ENTITY OR INDIVIDUAL WITH WHICH THE ORGANIZATION IS NEGOTIATING A TRANSACTION OR ARRANGEMENT. COMPENSATION INCLUDES DIRECT AND INDIRECT REMUNERATION AS WELL AS GIFTS OR FAVORS THAT ARE NOT INSUBSTANTIAL. A FINANCIAL INTEREST IS NOT NECESSARILY A CONFLICT OF INTEREST. A PERSON WHO HAS A FINANCIAL INTEREST MAY HAVE A CONFLICT OF INTEREST ONLY IF THE APPROPRIATE GOVERNING BOARD OR COMMITTEE DECIDES THAT A CONFLICT OF INTEREST EXISTS. 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. PROCEDURES FOR ADDRESSING THE CONFLICT OF INTEREST: A.AN INTERESTED PARTY MAY MAKE A PRESENTATION AT THE GOVERNING BOARD OR COMMITTEE MEETING, BUT AFTER THE PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. B.THE CHAIRPERSON OF THE GOVERNING BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. C.AFTER EXERCISING DUE DILIGENCE, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE ORGANIZATION CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. D.IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE ORGANIZATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION IT SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. IF THE GOVERNING BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE MEMBER'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE GOVERNING BOARD OR COMMITTEE DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON A.HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, B.HAS READ AND UNDERSTANDS THE POLICY, C.HAS AGREED TO COMPLY WITH THE POLICY, AND D.UNDERSTANDS THE ORGANIZATION IS CHARITABLE 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 B, LINE 15 FOR ALL POSITIONS, 50CAN LOOKS AT NON-PROFIT COMPENSATION ACROSS ITS VARIOUS STATES TO ENSURE THAT ITS COMPENSATION IS COMPETITIVE TO RETAIN THE BEST TALENT. WHEN SETTING COMPENSATION FOR POSITIONS, 50CAN 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 C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC BY PROVIDING COPIES UPON REQUEST. FORM 990, PART XII, LINE 2C: THE BOARD OF DIRECTORS ASSUMES THE RESPONSIBILITY FOR THE OVERSIGHT OF AUDITED FINANCIAL STATEMENTS; THE BOARD COLLECTIVELY REVIEWS AND APPROVES THE AUDITED FINANCIAL STATEMENTS. 50CAN ACTION FUND INC 1625 K STREET NW SUITE 400 WASHINGTON DC 20006 454698768 TO CLOSE AMERICA'S EDUCATIONAL ACHIEVEMENT GAP CT 501(C)(4) 50CAN INC 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 50CAN ACTION FUND INC B 145610 COST 50CAN ACTION FUND INC Q 504082 COST