50can Action Fund Inc
- Assets
- $3.1m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 08/2014
- Data as of
- 06/2021
- 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 06/2021, 50can Action Fund Inc generated $2.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $1.2m during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CLOSING THE EDUCATIONAL ACHIEVEMENT GAP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADVOCACY ACTIVITIES TO PROMOTE POLICY REFORM AIMED AT IMPROVING STUDENT ACADEMIC ACHIEVEMENT AND EDUCATIONAL EQUITY. THESE ACTIVITIES INCLUDED DEVELOPING POLICY POSITIONS ON RELEVANT EDUCATION QUESTIONS AND DIRECT LOBBYING ON RELATED LEGISLATIVE AND ADMINISTRATIVE TOPICS.
POLITICAL CAMPAIGN ACTIVITY BASED ON EDUCATION ISSUES. THESE ACTIVITIES INCLUDED PUBLIC COMMUNICATIONS THROUGH BOTH EARNED MEDIA AND MAILINGS ON EDUCATIONAL ISSUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marc Magee CEO | Officer | 5 | $30,309 |
Vallay-Lath Varro President, Thru June 3, 2021 | OfficerTrustee | 5 | $25,936 |
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 |
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 | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,007,482 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,007,482 |
| 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 | $2,007,482 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $116,540 |
| 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 | $35,783 |
| Fees for services: Accounting | $12,560 |
| Fees for services: Lobbying | $171,300 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $737,805 |
| Advertising and promotion | $88,718 |
| Office expenses | $21,188 |
| Information technology | $25,527 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,888 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,548 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,536 |
| All other expenses | $65 |
| Total functional expenses | $1,243,458 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,867,020 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $250,000 |
| 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 | $3,117,020 |
| Accounts payable and accrued expenses | $71,595 |
| 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 | $1,630,921 |
| Total liabilities | $1,702,516 |
| Net assets without donor restrictions | $1,264,504 |
| Net assets with donor restrictions | $150,000 |
| 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 | $3,117,020 |
Grants Awarded
Over the last fiscal year, 50can Action Fund Inc has awarded $105,440 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
TENNESSEECAN PURPOSE: CAMPAIGN CONTRIBUTION | $63,000 |
TENNESSEANS FOR PUTTING STUDENTS FIRST PURPOSE: CAMPAIGN CONTRIBUTION | $27,440 |
GEORGIACAN PURPOSE: CAMPAIGN CONTRIBUTION | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that 50can Action Fund Inc has recieved totaling $497,500.
| Awarding Organization | Amount |
|---|---|
Campaign For Great Public Schools Beaverton, OR PURPOSE: OPERATING SUPPORT | $387,000 |
Stand For Children Inc Portland, OR PURPOSE: GENERAL CONTRIBUTION | $110,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Center For Global Development Washington, DC | $65,777,264 | $14,319,773 |
Frontstream Global Fund Alexandria, VA | $871,140 | $19,414,740 |
Corus International Inc Baltimore, MD | $10,612,047 | $34,455 |
Commonwealth Catholic Charities Richmond, VA | $9,806,748 | $17,802,660 |
Highland School Inc Warrenton, VA | $41,730,791 | $16,433,775 |
Cornerstones Inc Reston, VA | $6,868,044 | $15,431,284 |
Planning Council Norfolk, VA | $2,554,279 | $14,330,288 |
International Association Of Better Business Bureaus Inc Arlington, VA | $17,726,579 | $13,292,143 |
Marine Corps Heritage Foundation Triangle, VA | $123,200,023 | $11,840,546 |
Washington County Community Action Council Inc Hagerstown, MD | $6,621,618 | $12,215,163 |
Union Mission Norfolk, VA | $19,076,349 | $10,467,458 |
Harford Community Action Agency Inc Edgewood, MD | $1,673,036 | $9,657,215 |