50can Action Fund Inc
- Assets
- $2.5m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 08/2014
- Data as of
- 06/2022
- EIN
- 45-4698768
Organization Overview
50can Action Fund Inc is located in Washington, DC. The organization was established in 2014. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 50can Action Fund Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 06/2022, 50can Action Fund Inc generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $1.2m during the year ending 06/2022. While expenses have increased by 11.6% 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 2017, 50can Action Fund Inc has awarded 14 individual grants totaling $1,788,935. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
COMMITTED TO ENACTING POLICIES AND REGULATIONS THAT SHARE OUR VISION OF AN EQUITABLE EDUCATION SYSTEM. WE STRIVE TO ADVANCE POLICIES THAT ADVANCE ACADEMIC ACHIEVEMENT AND EDUCATIONAL EQUITY, AND PUT KIDS AT THE CENTER OF ALL THE PUBLIC EDUCATION DECISIONS WE MAKE IN OUR COMMUNITIES AND STATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADVOCACY ACTIVITIES:ADVOCACY ACTIVITIES ARE INTENDED TO PROMOTE POLICY REFORM AIMED AT IMPROVING STUDENT ACADEMIC ACHIEVEMENT AND EDUCATIONAL EQUITY. THE ACTIVITIES INCLUDED DEVELOPING POLICY POSITIONS ON RELEVANT EDUCATION QUESTIONS AND DIRECT LOBBYING ON RELATED LEGISLATIVE AND ADMINISTRATIVE TOPICS.THE ORGANIZATION ALSO PROVIDED A GRANT TO AN ORGANIZATION FOCUSED ON INCREASING EDUCATIONAL OPPORTUNITY FOR ATLANTA PUBLIC SCHOOL STUDENTS.
POLITICAL CAMPAIGN ACTIVITIES:POLITICAL CAMPAIGN ACTIVITIES INCLUDED PUBLIC COMMUNICATIONS THROUGH EARNED MEDIA AS WELL AS MAILINGS ON EDUCATIONAL ISSUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ed Kirby Board Chair | OfficerTrustee | 1 | $0 |
Derrell Bradford President | OfficerTrustee | 5 | $0 |
Ann Borowiec Director | Trustee | 1 | $0 |
Alex Johnston Director | Trustee | 1 | $0 |
Lisa Graham Keegan Director | Trustee | 1 | $0 |
Marc Magee CEO | Officer | 5 | $30,493 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Improving Classrooms For All Of America' Lobbying | 6/29/17 | $175,098 |
Penn Schoen & Berland Associates Llc Data Analysis | 6/29/17 | $127,682 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $100,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,042,241 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,142,241 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $2,142,241 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $407,571 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $45,983 |
| Fees for services: Accounting | $23,380 |
| Fees for services: Lobbying | $77,550 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $84,371 |
| Advertising and promotion | $147,546 |
| Office expenses | $24,622 |
| Information technology | $77,942 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $13,488 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,201 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,817 |
| All other expenses | $0 |
| Total functional expenses | $1,153,721 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,780,880 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $675,000 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,455,880 |
| Accounts payable and accrued expenses | $113,970 |
| 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 | $188,866 |
| Total liabilities | $302,836 |
| Net assets without donor restrictions | $2,153,044 |
| Net assets with donor restrictions | $0 |
| 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 | $2,455,880 |
Grants Awarded
Over the last fiscal year, 50can Action Fund Inc has awarded $105,440 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
TENNESSEANS FOR PUTTING STUDENTS FIRST PURPOSE: CAMPAIGN CONTRIBUTION | $27,440 |
TENNESSEECAN PURPOSE: CAMPAIGN CONTRIBUTION | $63,000 |
GEORGIACAN PURPOSE: CAMPAIGN CONTRIBUTION | $15,000 |