50can Inc
- Assets
- $11.5m
- Revenue
- $14.7m
- Investments
- $0.0
- Employees
- 74
- Location
- Washington, DC
- Founding
- 03/2011
- Data as of
- 12/2021
- EIN
- 27-3069592
Organization Overview
50can Inc is located in Washington, DC. The organization was established in 2011. According to its NTEE Classification (B01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Education and related organizations. As of 12/2021, 50can Inc employed 74 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 50can Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, 50can Inc generated $14.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $11.5m during the year ending 12/2021. While expenses have increased by 7.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, 50can Inc has awarded 24 individual grants totaling $2,573,162. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CLOSING AMERICA'S ACHIEVEMENT GAP BY BUILDING PUBLIC SUPPORT FOR PROVEN MODELS OF EFFECTIVE PUBLIC EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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. AS A RESULT, 50CAN LEADERS WERE FEATURED FREQUENTLY IN TELEVISION, ONLINE AND PRINT DISCUSSION THE IMPACT OF THE COVID PANDEMIC ON STUDENT LEARNING.
ADVOCATE FOR POLICY CHANGE50CAN'S STAFF WORKS WITH COMMUNITY ACTIVISTS, SCHOOL LEADERS, TEACHERS, PARENTS AND ELECTED OFFICIALS TO ADVOCATE FOR CONCRETE, MEANINGFUL EDUCATION POLICIES THAT WILL HELP ALL KIDS RECEIVE A HIGH QUALITY EDUCATION. THIS INCLUDES GETTING STUDENTS ACCESS TO TUTORING, PROVIDING INCREASED FUNDING THAT IS STUDENT-BASED TO SCHOOLS, HELPING SCHOOL SYSTEMS ACCESS MORE HIGH QUALITY AND DIVERSE TEACHER CORPS AND PROVIDING FAMILIES WITH ADDITIONAL EDUCATIONAL OPTIONS.
TRAINING:IN 2021, 50CAN OFFERED A SUITE OF TRAINING PROGRAMS, INCLUDING A LEADERSHIP DEVELOPMENT, GRASSROOTS, COMMUNICATIONS AND POLICY TRAINING PROGRAMS. THIS AREA ALSO INCLUDES RECURRING GATHERINGS OF 50CAN STAFFERS AND OTHER EDUCATION PARTNERS TO PROVIDE ADDITIONAL PROFESSIONAL DEVELOPMENT OPPORTUNITIES.NAL DEVELOPMENT OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marc Magee CEO & Treasurer | OfficerTrustee | 45 | $304,928 |
Reshma Singh Senior Advisor | 50 | $272,749 | |
Sean Andersen Senior Advisor | 50 | $265,921 | |
Derrell Bradford President As Of July 2021/secretary | Officer | 45 | $227,975 |
Ben Austin Executive Director Of Ecrn | 50 | $202,005 | |
Jonathan Nikkila Executive Vice President | 50 | $191,964 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fp1 Digital Llc Communications Consulting | 12/30/21 | $216,800 |
Lisa Ruda Project Management Consulting | 12/30/21 | $132,000 |
Landscape Media Llc Communications Consulting | 12/30/21 | $204,451 |
Whc Consulting Project Management Consulting | 12/30/21 | $134,400 |
Defcon Consulting Llc Project Management Consulting | 12/30/21 | $140,273 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,063,895 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,050,538 |
| Noncash contributions included in lines 1a–1f | $7,775 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,114,433 |
| Total Program Service Revenue | $1,548,826 |
| Investment income | $706 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $35,445 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,699,448 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $644,799 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $706,483 |
| Compensation of current officers, directors, key employees. | $423,890 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,966,833 |
| Pension plan accruals and contributions | $154,581 |
| Other employee benefits | $444,654 |
| Payroll taxes | $413,852 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $66,446 |
| Fees for services: Accounting | $16,835 |
| Fees for services: Lobbying | $341,697 |
| Fees for services: Fundraising | $5,586 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,764,702 |
| Advertising and promotion | $639,890 |
| Office expenses | $219,390 |
| Information technology | $505,162 |
| Royalties | $0 |
| Occupancy | $173,222 |
| Travel | $163,133 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $179,482 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,612 |
| Insurance | $47,614 |
| All other expenses | $0 |
| Total functional expenses | $11,541,176 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,367,199 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,244,206 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $15,481 |
| Prepaid expenses and deferred charges | $57,577 |
| Net Land, buildings, and equipment | $29,865 |
| Investments—publicly traded securities | $74,092 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,662,749 |
| Total assets | $11,451,169 |
| Accounts payable and accrued expenses | $649,159 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $649,159 |
| Net assets without donor restrictions | $3,384,329 |
| Net assets with donor restrictions | $7,417,681 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $11,451,169 |
Grants Awarded
Over the last fiscal year, 50can Inc has awarded $641,887 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: THE GRANT SHALL BE USED TO SUPPORT THE OPERATING EXPENSES OF POWERFUL PARENT MOVEMENT | $500,000 |
Camden, NJ PURPOSE: GENERAL SUPPORT | $128,700 |
PARENTS FOR GREAT CAMDEN SCHOOLS PURPOSE: GENERAL SUPPORT | $8,003 |
Kailua Kona, HI PURPOSE: TO SUPPORT THE SPARK AND INSPIRE PROGRAM | $5,184 |
Grants Recieved
Over the last fiscal year, we have identified 23 grants that 50can Inc has recieved totaling $2,459,832.
| Awarding Organization | Amount |
|---|---|
Charles And Helen Schwab Foundation San Francisco, CA PURPOSE: K-12 EDUCATION | $400,000 |
Charles And Helen Schwab Foundation San Francisco, CA PURPOSE: K-12 EDUCATION | $400,000 |
Boston Schools Fund Inc Boston, MA PURPOSE: GRANT TO SCHOOLFACTS BOSTON | $300,000 |
Every Student Every Community Inc Atlanta, GA PURPOSE: GENERAL OPERATING SUPPORT | $300,000 |
Margaret M Bloomfield Family Foundation Manhattan Beach, CA PURPOSE: GENERAL SUPPORT | $220,000 |
Community Foundation Of New Jersey Morristown, NJ PURPOSE: GENERAL SUPPORT | $200,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Virginia Early Childhood Foundation Henrico, VA | $39,759,006 | $41,199,281 |
Council For Advancement And Support Of Education Washington, DC | $33,602,600 | $32,913,153 |
American Indian Higher Education Consortium Alexandria, VA | $29,604,694 | $48,551,691 |
Moveon Org Civic Action Washington, DC | $4,457,959 | $10,598,957 |
50can Inc Washington, DC | $11,451,169 | $14,699,448 |
Working America Education Fund Washington, DC | $15,449,080 | $11,091,684 |
Wine & Spirits Wholesalers Of America Inc Washington, DC | $19,124,215 | $8,637,291 |
American Federation For Children Inc Columbia, MD | $4,734,302 | $8,920,295 |
Council For Exceptional Children Arlington, VA | $4,293,509 | $5,157,244 |
International Bridge Tunnel And Turnpike Association Washington, DC | $5,612,025 | $5,095,410 |
Council Of Graduate Schools Washington, DC | $15,477,083 | $4,356,151 |
Tesseract Research Center Inc Washington, DC | $8,180,925 | $2,226,497 |