2015-11-16T14:54:06-06:00 2014-12-31 271728945 O'CONNOR DAVIES LLP 3001 SUMMER STREET 5TH FL EAST STAMFORD CT 06905 990 2014-01-01 273069592 50CAN INC 50CA 2035869313 1112 16TH STREET NW NO 240 WASHINGTON DC 20036 MARC MAGEE PRESIDENT AND FOUNDER 2035869313 2015-11-16 1 ROBIN STRONG P00713382 2033232400 2015-11-13 2014 2016-04-25 22:37:26Z MARC MAGEE 1112 16TH STREET NW NO 240 WASHINGTON DC 20036 5389000 0 X WWW.50CAN.ORG X 2010 CT SEE SCHEDULE O50CAN, 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. 6 5 49 7 0 0 5563288 5379020 43451 9117 336 863 0 0 5607075 5389000 4000 0 0 0 3454992 3795162 1759 6000 852517 2396668 1655275 5857419 5456437 -250344 -67437 3511124 3388299 196690 141303 3314434 3246996 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 2020990 1760 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. 961508 7357 ADVOCATE FOR POLICY CHANGE50CAN'S EXPERT STAFF TEAMS UP WITH OUR LOCAL LEADERS TO DEVELOP AND ENACT CONCRETE, MEANINGFUL EDUCATION REFORMS. 745904 RESEARCH & POLICY50CAN'S RESEARCH MARRIES IN-DEPTH ANALYSIS OF STATE-LEVEL PUBLIC EDUCATION DATA IN EACH STATE WITH THE LATEST NATIONAL EDUCATION POLICY RESEARCH. 3728402 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 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 47 0 49 1 0 0 0 0 0 0 0 0 0 0 X 6 5 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 LA IN CA GA NY MN RI MD CT NC NJ PA DC X INGRID REYNOSO 8456930435 32 W 39TH ST 4TH FLOOR NEW YORK NY 10018 SANDY VARGAS BOARD CHAIR 2.00 X X 0 0 0 MARC MAGEE PRESIDENT AND TREASURER 50.00 X X 226600 0 11544 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 X 0 0 0 DELIA POMPA BOARD MEMBER 1.00 X 0 0 0 RICHARD BARTH BOARD MEMBER (LEFT JUNE 2014) 1.00 X 0 0 0 REBECA NIEVES HUFFMAN BOARD MEMBER (LEFT MARCH 2014) 1.00 X 0 0 0 VALLAY-LATH VARRO SENIOR VICE PRESIDENT OF STATES 50.00 X 155500 0 11028 INGRID REYNOSO SENIOR VICE PRESIDENT OF OPERATIONS 50.00 X 147435 0 6869 JASON BOTEL ED MARYLAND CAN 50.00 X 156000 0 16181 JONATHAN CETEL ED PENNCAN 50.00 X 130123 0 7989 DANIEL SELLERS ED MINNCAN 50.00 X 129750 0 13347 CHRISTINE LOPES METCALFE ED RI-CAN 50.00 X 111000 0 10023 JANELLEN DUFFY ED JERSEYCAN 50.00 X 127762 0 14419 1184170 0 91400 8 0 1 0 HOUSE9DESIGN 4-4525 RUE ST MONTREAL QUEBEC CA H2TIT7 GRAPHIC DESIGN 120048 1 5379020 480 5379020 SERVICE FEES 561000 9117 9117 9117 863 863 5389000 9117 0 863 558976 252294 203156 103526 2626691 1766673 358773 501245 63689 42836 8699 12154 297297 199957 40607 56733 248509 167144 33942 47423 41223 41223 108188 108188 206502 206502 6000 6000 358494 338516 8739 11239 140844 140550 294 168184 126009 19030 23145 105445 72757 14762 17926 181553 125272 25417 30864 96342 75451 1015 19876 199894 180903 5162 13829 27491 18969 3849 4673 21115 14569 2956 3590 5456437 3728402 875518 852517 2271172 2361816 28717 509580 1037905 356896 30334 43626 124735 75316 70425 49419 72571 66962 3511124 3388299 63312 137255 133378 4048 196690 141303 X -181295 -256895 3495729 3503891 3314434 3246996 3511124 3388299 -67437 0 X X 0 1 X 1 0 X 2225003 5076594 6213276 5563288 5378540 24456701 2225003 5076594 6213276 5563288 5378540 24456701 14616878 9839823 1007 1118 336 863 3324 43451 9117 52568 24512593 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 26042 237529 263571 4801202 5064773 403239 100810 0 0 352255 422437 421029 403239 1598960 2398440 166610 416370 416909 263571 1263460 88064 105609 105257 100810 399740 599610 68770 99379 76334 26042 270525 124735 75316 49419 49419 X 5389000 0 5389000 0 5389000 5456438 0 5456438 0 5456438 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 SUBJECT TO EXAMINATION BY APPLICABLE TAX JURISDICTIONS SINCE INCEPTION IN 2011. X X X 0 0 0 0 0 0 0 1 0 MARC MAGEE PRESIDENT AND TREASURER 226600 0 0 0 0 0 11316 0 228 0 238144 0 0 0 VALLAY-LATH VARRO SENIOR VICE PRESIDENT OF STATES 154500 0 1000 0 0 0 7766 0 3262 0 166528 0 0 0 INGRID REYNOSO SENIOR VICE PRESIDENT OF OPERATIONS 146435 0 1000 0 0 0 6815 0 54 0 154304 0 0 0 JASON BOTEL ED MARYLAND CAN 155000 0 1000 0 0 0 7775 0 8406 0 172181 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 CONFLICTS 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. 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, PAGE 12, PART XII, QUESITON 2C THE BOARD OF DIRECTORS ASSUMES THE RESPONSIBLY FOR THE OVERSIGHT OF AUDITED FINANCIAL STATEMENTS, THE BOARD COLLECTIVELY REVIEWS AND APPROVES THE AUDITED FINANCIAL STATEMENTS.