2016-10-24T15:25:38-05:00 2015-12-31 271728945 PKF O'CONNOR DAVIES LLP 3001 SUMMER STREET 5TH FL EAST STAMFORD CT 06905 990 2015-01-01 273069592 50CAN INC 50CA 3017614385 1625 K STREET NW NO 400 WASHINGTON DC 20006 MARC MAGEE CEO 3017614385 2016-10-19 1 GARRETT M HIGGINS P00543209 2033232400 2016-10-19 2015 2017-02-10 21:41:12Z X MARC MAGEE 1625 K STREET NW NO 400 WASHINGTON DC 20006 6697952 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. 7 6 57 7 0 0 5379020 6689398 9117 8135 863 419 0 0 5389000 6697952 0 902792 0 0 3795162 4480280 6000 0 666662 1655275 1806495 5456437 7189567 -67437 -491615 3388299 2686081 141303 130700 3246996 2555381 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. 0 0 2899117 4312 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. 1312808 902792 1952 ADVOCATE FOR POLICY CHANGE50CAN'S EXPERT STAFF TEAMS UP WITH OUR LOCAL LEADERS TO DEVELOP AND ENACT CONCRETE, MEANINGFUL EDUCATION REFORMS. 1258108 1871 RESEARCH & POLICY50CAN'S RESEARCH MARRIES IN-DEPTH ANALYSIS OF STATE-LEVEL PUBLIC EDUCATION DATA IN EACH STATE WITH THE LATEST NATIONAL EDUCATION POLICY RESEARCH. 5470033 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 0 0 1 48 0 57 1 0 0 0 0 0 0 0 0 0 0 X 7 6 0 0 0 0 0 0 0 1 0 0 1 1 1 1 1 1 1 1 1 1 0 AZ CA CT GA HI NY MN RI MD NC NJ PA 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 50.00 1.00 X X 232756 0 22309 JONATHAN SACKLER BOARD MEMBER 1.00 X 0 0 0 DACIA TOLL BOARD MEMBER 1.00 X 0 0 0 ANN BOROWIEC BOARD MEMBER 1.00 1.00 X 0 0 0 MICHAEL PHILLIPS BOARD MEMBER 1.00 X 0 0 0 DAVID WICK BOARD MEMBER 1.00 X 0 0 0 DELIA POMPA BOARD MEMBER (LEFT 5/2015) 1.00 X 0 0 0 VALLAY-LATH VARRO PRESIDENT 50.00 1.00 X 197217 0 23500 INGRID REYNOSO COO / SECRETARY 50.00 X 181745 0 8548 JASON BOTEL ED MARYLAND CAN 50.00 X 149856 0 26458 JONATHAN CETEL ED PENNCAN 50.00 X 134413 0 15941 DANIEL SELLERS ED MINNCAN 50.00 X 126260 0 24612 JANELLEN DUFFY ED JERSEYCAN 50.00 X 129834 0 25222 DERRELL BRADFORD ED NYCAN 50.00 X 141800 0 9777 1293881 0 156367 11 0 1 0 HOUSE9DESIGN 4-4525 RUE ST MONTREAL QUEBEC CA H2TIT7 GRAPHIC DESIGN 141813 270 STRATEGIES INC 722 12TH STREET NW WASHINGTON DC 20005 CONSULTING - EDUCATION INITIATIVE 122304 PARENTS FOR GREAT CAMDEN SCHOOLS INC 116 N 2ND STREET CAMDEN NJ 08102 COMMUNICATIONS CONSULTING 109959 3 6689398 6689398 EDU. REFORM ASSESSMENT 900099 4350 4350 EDU. POLICY 101 COURSE 611710 3785 3785 8135 419 419 6697952 8135 0 419 902792 902792 666075 459591 119894 86590 3084706 2128447 555247 401012 95919 66185 17265 12469 343859 234981 61299 47579 289721 202190 52745 34786 53798 53798 104344 104344 69277 69277 518284 507437 6299 4548 184439 184067 372 116927 88651 16094 12182 153131 100709 26272 26150 118476 81748 21326 15402 136420 121414 5457 9549 296590 284726 2966 8898 29488 20347 5308 3833 25321 17471 4558 3292 7189567 5470033 1052872 666662 2361816 2035431 509580 10000 356896 491849 43626 22295 141162 96925 49419 44237 66962 82269 3388299 2686081 137255 126450 4048 4250 141303 130700 X -256895 33373 3503891 2522008 3246996 2555381 3388299 2686081 X -491615 -200000 X X 0 1 X 1 0 X 5076594 6213276 5563288 5379020 6689398 28921576 5076594 6213276 5563288 5379020 6689398 28921576 15484159 13437417 1007 1118 336 863 419 3743 28925319 60703 0.46460 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 41177 293535 334712 6188193 6522905 476145 119036 0 0 422437 421029 403239 476145 1722850 2584275 416370 416909 263571 334712 1431562 105609 105257 100810 119036 430712 646068 99379 76334 26042 41177 242932 141162 96925 44237 44237 X 6697952 0 6697952 0 6697952 7189567 0 7189567 0 7189567 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 2012. 1 PHILADELPHIA CHARTERS FOR EXCELLENCE 1926 ARCH STREET 3F PHILADELPHIA PA 19103 272760661 501(C)3 350000 TO IMPROVE PENNSYLVANIA'S CHARTER RECEPTIVITY AND INCREASE SCHOOL ACCOUNTABILITY. PHILADELPHIA SCHOOL PARTNERSHIP 150 S INDEPENDENCE MALL WEST STE 1200 PHILADELPHIA PA 19106 273097212 501(C)3 350000 TO IMPROVE PENNSYLVANIA'S CHARTER RECEPTIVITY AND INCREASE SCHOOL ACCOUNTABILITY. 50CAN ACTION FUND INC 1112 16TH STREET NW WASHINGTON DC 20036 454698768 501(C)4 202792 LOBBYING EXPENSES PURSUANT TO AGREEMENT 2 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. IN 2015, $350K WAS AWARDED TO BOTH PHILADELPHIA CHARTERS FOR EXCELLENCE AND PHILADELPHIA SCHOOL PARTNERSHIP AS PART OF A LARGER GRANT. 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 232756 0 0 0 0 0 11670 0 10639 0 255065 0 0 0 VALLAY-LATH VARRO PRESIDENT 195417 0 1800 0 0 0 10090 0 13410 0 220717 0 0 0 INGRID REYNOSO COO / SECRETARY 180345 0 1400 0 0 0 7152 0 1396 0 190293 0 0 0 JASON BOTEL ED MARYLAND CAN 148056 0 1800 0 0 0 8045 0 18413 0 176314 0 0 0 JONATHAN CETEL ED PENNCAN 132613 0 1800 0 0 0 6720 0 9221 0 150354 0 0 0 DANIEL SELLERS ED MINNCAN 124460 0 1800 0 0 0 6720 0 17892 0 150872 0 0 0 JANELLEN DUFFY ED JERSEYCAN 128034 0 1800 0 0 0 6919 0 18303 0 155056 0 0 0 DERRELL BRADFORD ED NYCAN 140000 0 1800 0 0 0 0 0 9777 0 151577 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 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 11 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. TO ENSURE THE ORGANIZATION OPERATES IN A MANNER CONSISTENT WITH CHARITABLE PURPOSES AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS, PERIODIC REVIEWS SHALL BE CONDUCTED. THE PERIODIC REVIEWS SHALL, AT A MINIMUM, INCLUDE THE FOLLOWING SUBJECTS: A.WHETHER COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE, BASED ON A COMPETENT SURVEY INFORMATION, AND THE RESULT OF ARM'S LENGTH BARGAINING. B.WHETHER PARTNERSHIPS, JOINT VENTURES, AND ARRANGEMENTS WITH MANAGEMENT ORGANIZATIONS CONFORM TO THE ORGANIZATION'S WRITTEN POLICIES, ARE PROPERLY RECORDED, REFLECT REASONABLE INVESTMENT OR PAYMENTS FOR GOODS AND SERVICES, FURTHER CHARITABLE PURPOSES AND DO NOT RESULT IN INUREMENT, IMPERMISSIBLE PRIVATE BENEFIT OR IN AN EXCESS BENEFIT TRANSACTION. THE CONFLICT OF INTEREST POLICY QUESTIONNAIRE WAS LAST REVIEWED IN NOVEMBER 2015. 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 XI, LINE 9: LOSS ON ALLOWANCE FOR PLEDGES ON DISCONTINUED PROGRAM -200,000. 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 202792 COST