50can INC FY2021 filing

Tax-deductible

Washington, DC501(c)(3)Since 2010EducationEIN 27-3069592Revenue $14.7M in FY2021

On file with the IRS50can.org1380 Monroe St Nw 413, 20010-3452 · Washington, DCTax-exempt since Mar 2011Publicly supported charity — 170(b)(1)(A)(vi)

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To closing america's achievement gap by building public support for proven models of effective public education.

501(c)(3) charity; gifts are tax-deductible.
72¢ of each $1 spent went to programs.
$1.7M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $5.0M a year · 10% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.7M
to officers and key staff · 15% of spending
Looks good: pay to officers and key staff is 15% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 6.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $386K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$649K
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 10 voting members
Looks good: 9 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$14.7M
+42% vs prior year
Spent
$11.5M
To programs
72%
Net assets
$10.8M
By yearFY2020–FY2024
Revenue
$14.7M
FY2021▲ +42%
Tap a bar for its year
Revenue by fiscal year
FY2020$10.3M
FY2021$14.7M
FY2022$37.1M
FY2023$80.6M
FY2024$97.3M
Expenses
$11.5M
FY2021▲ +14%
Tap a bar for its year
Expenses by fiscal year
FY2020$10.2M
FY2021$11.5M
FY2022$36.3M
FY2023$74.2M
FY2024$82.8M
Net assets
$10.8M
FY2021▲ +42%
Tap a bar for its year
Net assets by fiscal year
FY2020$7.6M
FY2021$10.8M
FY2022$11.5M
FY2023$18.0M
FY2024$32.5M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2011.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

72 cents of each dollar spent went to programs.

Program services 72% · $8.3M Management & general 19% · $2.2M Fundraising 9% · $1.0M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

17 people listed on the 990; $1.7M paid to officers and key staff.

Part VII, Section A · reportable compensation
CEO & Treasurer
$304,928Pt VII · Sec A
Senior Advisor
$272,749Pt VII · Sec A
Senior Advisor
$265,921Pt VII · Sec A
As of July 2021/Secretary
$227,975Pt VII · Sec A
Executive Director of Ecrn
$202,005Pt VII · Sec A
Executive Vice President
$191,964Pt VII · Sec A
Executive Director
$172,824Pt VII · Sec A
President, Thru June 2021
$110,490Pt VII · Sec A

Marc Magee’s $393K as CEO & Treasurer is at the 79th percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Marc Magee$393,359$345,586$314,179$304,928$303,085
Derrell Bradford$303,822$275,034$259,000—$196,199
Reshma Singh$287,591$280,915$283,493$272,749$230,265
Michele Mason—$280,128$252,319——
Benjamin Austin$279,640————
Sean Andersen$248,364$279,158$276,478$265,921$226,698
Ben Austin—$272,820$256,919$202,005—
Vallay-Lath Varro———$110,490$259,355

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Advocates for high-quality public education by mobilizing local leaders and citizens through media campaigns, community partnerships, and grassroots organizing to close the achievement gap.

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Provided by the organization

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3 programs · $7.9M · in their own filed words · FY2021
01

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.

$3.5Mprogram expense
02

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.

$2.9Mprogram expense
03

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.

$1.5Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 4 funders$386K
See all 4 funders →
Grants paid · 483 grants · $134.3M · 2020–2024
Idea Public SchoolsTX · FY2024$2,266,000
Friendship Public Charter SchoolDC · FY2024$1,707,200
Basis Texas Charter Schools INCTX · FY2024$1,209,640
Jubilee Academic Center INCTX · FY2024$1,116,800
Gestalt Community SchoolsTN · FY2024$932,957
Classical Charter SchoolsNY · FY2024$838,400
Dream Charter SchoolNY · FY2024$794,880
Compass Rose Education INCTX · FY2024$698,720
Cornerstone PrepTN · FY2024$635,642
See all 483 grants →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$14.7M
Ln 12
Gifts and grantsLn 1h$13.1M
Fees for servicesLn 2g$1.5M
Other incomeLn 4–11$35K
Money outPt IX
$11.5M
Ln 25
Programscol B$8.3M
Managementcol C$2.2M
Fundraisingcol D$1.0M
Owns and owesPt X
$10.8M
net assets · Ln 32
Cash and savingsLn 1–2$6.4M
Total assetsLn 16$11.5M
LiabilitiesLn 26$649K
PeoplePt VI, VII
17
listed · VII A
PaidVII A8
Voting boardVI 1a10
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$13.1M
Government grantsLn 1e$1.1M
Noncash giftsLn 1g$8K
Fees for servicesLn 2g$1.5M
Investment incomeLn 3$706
Other incomeLn 4–11$35K
Total revenueLn 12$14.7M
Assets in detailPt X, end of year
CashLn 1$6.4M
Cash and savings togetherLn 1–2$6.4M
InvestmentsLn 11–13$74K
Land, buildings, equipmentLn 10c$30K
Other assetsLn 15$1.7M
Total assetsLn 16$11.5M
LiabilitiesLn 26$649K
Net assetsLn 32$10.8M
OperationsPt I, VI
EmployeesI 574
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$5.1M$6.4M
InvestmentsLn 11–13$52K$74K
Land, buildings, equipmentLn 10c$44K$30K
Total assetsLn 16$7.9M$11.5M
LiabilitiesLn 26$276K$649K
Net assetsLn 32$7.6M$10.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$645K$645K
Pay of current officers, directors and key staffLn 5$706K$71K$424K$212K
Other salaries and wagesLn 7$5.0M$3.5M$848K$630K
Pension plan contributionsLn 8$155K$115K$22K$18K
Other employee benefitsLn 9$445K$298K$86K$60K
Payroll taxesLn 10$414K$262K$91K$61K
Legal feesLn 11b$66K$66K
Accounting feesLn 11c$17K$17K
Lobbying feesLn 11d$342K$342K
Professional fundraising feesLn 11e$6K$6K
Other fees for servicesLn 11g$1.8M$1.7M$72K
Advertising and promotionLn 12$640K$640K
Office expensesLn 13$219K$171K$47K$700
Information technologyLn 14$505K$292K$209K$4K
OccupancyLn 16$173K$138K$17K$17K
TravelLn 17$163K$88K$72K$3K
Conferences, conventions and meetingsLn 19$179K$8K$172K
Depreciation, depletion and amortizationLn 22$15K$15K
InsuranceLn 23$48K$7K$40K
Other expenses (24a–d)Ln 24$72K$72K
Total functional expensesLn 25$11.5M$8.3M$2.2M$1.0M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $97.3M$82.8M$14.5M$32.5M 990 PDF
FY2023 $80.6M$74.2M$6.4M$18.0M 990 PDF
FY2022 $37.1M$36.3M$749K$11.5M 990 PDF
FY2021 Viewing $14.7M$11.5M$3.2M$10.8M 990 PDF
FY2020 $10.3M$10.2M$172K$7.6M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $14,699,448 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $8,494,637$13,114,433
I-9 Program service revenuePrior year $1,746,035$1,548,826
I-10 Investment incomePrior year $7,383$706
I-11 Other revenuePrior year $90,325$35,483
I-12 Total revenuePrior year $10,338,380$14,699,448
I-13 Grants and similar amounts paidPrior year $199,768$644,799
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $6,227,743$6,686,403
I-16a Professional fundraising feesPrior year $2,000$5,586
I-17 Other expensesPrior year $3,737,084$4,204,388
I-18 Total expensesPrior year $10,166,595$11,541,176
I-19 Revenue less expensesPrior year $171,785$3,158,272
Part VI · Governance 9 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $14,699,448 across 9 lines filed
VIII-1e Government grants$1,063,895
VIII-1f All other contributions, gifts and grants$12,050,538
VIII-1g Noncash contributions (included above)$7,775
VIII-1h Total contributions, gifts and grants$13,114,433
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,548,826$1,548,826
VIII-3 Investment incomeExcluded from tax $706$706
VIII-6 Net rental income or lossExcluded from tax $35,445$35,445
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $38$38
VIII-12 Total revenueRelated to mission $1,548,826 · Unrelated business $0 · Excluded from tax $36,189$14,699,448
Part IX · Statement of functional expenses $11,541,176 across 20 lines filed
IX-1 Grants to domestic organizationsPrograms $644,799$644,799
IX-5 Pay of current officers, directors and key staffPrograms $70,648 · Management $423,890 · Fundraising $211,945$706,483
IX-7 Other salaries and wagesPrograms $3,489,371 · Management $847,874 · Fundraising $629,588$4,966,833
IX-8 Pension plan contributionsPrograms $115,200 · Management $21,685 · Fundraising $17,696$154,581
IX-9 Other employee benefitsPrograms $298,031 · Management $86,132 · Fundraising $60,491$444,654
IX-10 Payroll taxesPrograms $262,148 · Management $91,022 · Fundraising $60,682$413,852
IX-11b Legal feesManagement $66,446$66,446
IX-11c Accounting feesManagement $16,835$16,835
IX-11d Lobbying feesPrograms $341,697$341,697
IX-11e Professional fundraising feesFundraising $5,586$5,586
IX-11g Other fees for servicesPrograms $1,693,119 · Management $71,583$1,764,702
IX-12 Advertising and promotionPrograms $639,890$639,890
IX-13 Office expensesPrograms $171,486 · Management $47,204 · Fundraising $700$219,390
IX-14 Information technologyPrograms $292,017 · Management $209,243 · Fundraising $3,902$505,162
IX-16 OccupancyPrograms $138,442 · Management $17,390 · Fundraising $17,390$173,222
IX-17 TravelPrograms $88,096 · Management $71,583 · Fundraising $3,454$163,133
IX-19 Conferences, conventions and meetingsPrograms $7,884 · Management $171,598$179,482
IX-22 Depreciation, depletion and amortizationManagement $14,612$14,612
IX-23 InsurancePrograms $7,142 · Management $40,472$47,614
IX-24 Other expenses (24a–d)Programs $72,203$72,203
IX-25 Total functional expensesPrograms $8,332,173 · Management $2,197,569 · Fundraising $1,011,434$11,541,176
Part X · Balance sheet $11,451,169 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $5,089,084$6,367,199
X-3 Pledges and grants receivableStart of year $2,614,505$3,244,206
X-8 Inventories for sale or useStart of year $15,603$15,481
X-9 Prepaid expenses and deferred chargesStart of year $58,099$57,577
X-10c Land, buildings and equipment, netStart of year $44,477$29,865
X-11 Publicly traded securitiesStart of year $52,091$74,092
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $32,216$1,662,749
X-16 Total assetsStart of year $7,906,075$11,451,169
X-17 Accounts payable and accrued expensesStart of year $208,458$649,159
X-26 Total liabilitiesStart of year $275,858$649,159
X-27 Net assets without donor restrictionsStart of year $4,036,501$3,384,329
X-28 Net assets with donor restrictionsStart of year $3,593,716$7,417,681
X-32 Total net assets or fund balancesStart of year $7,630,217$10,802,010
X-33 Total liabilities and net assetsStart of year $7,906,075$11,451,169
Part XI · Reconciliation of net assets $10,802,010 net assets at year end
XI-1 Total revenue$14,699,448
XI-2 Total expenses$11,541,176
XI-3 Revenue less expenses$3,158,272
XI-4 Net assets at start of year$7,630,217
XI-5 Net unrealized gains (losses) on investments$13,521
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$10,802,010

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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