50can Action Fund INC

Not tax-deductible

Washington, DC501(c)(4)Human Services EIN 45-4698768Revenue $2.6M in FY2024

On file with the IRS1380 Monroe St Nw 413, 20010-3452 · Washington, DCTax-exempt since Aug 2014

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

Closing the educational achievement gap.

501(c)(4) social-welfare organization; gifts are not tax-deductible as charitable contributions.
90¢ of each $1 spent went to programs.
Run by 3 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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
4 of 5
filings with a surplus
Average surplus $751K a year · 31% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
14 mo
of spending, in cash
Looks good: 14.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $440K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.3M
31% of total assets
Looks good: liabilities are 31% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 4 voting members
Looks good: 3 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.6M
+99% vs prior year
Spent
$3.5M
To programs
90%
Net assets
$2.9M
By yearFY2020–FY2024
Revenue
$2.6M
FY2024▲ +99%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.5M
FY2021$2.0M
FY2022$2.1M
FY2023$3.8M
FY2023$1.3M
FY2024$2.6M
Expenses
$3.5M
FY2024▲ +90%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.1M
FY2021$1.2M
FY2022$1.2M
FY2023$1.4M
FY2023$1.8M
FY2024$3.5M
Net assets
$2.9M
FY2024▼ -23%
Tap a bar for its year
Net assets by fiscal year
FY2020$533K
FY2021$1.4M
FY2022$2.2M
FY2023$4.2M
FY2023$3.7M
FY2024$2.9M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2014.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $3.1M Management & general 8% · $270K Fundraising 2% · $80K

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

Something off? Claim to add context

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A

Marc Magee’s $35K as CEO is at the 2nd percentile of top reported officer pay among 3869 $1–10M human services 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 · 4 named individuals · Part VII

NameFY2023FY2023FY2022FY2021FY2020
Marc Magee$34,559$31,418$30,493$30,309$29,255
Derrell Bradford$27,503$25,900$22,798——
Vallay-Lath Varro——$11,049$25,936$24,688
Michele Mason—$25,232$9,610——

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.

See 50can Action Fund INC executive salaries →

On this list? Claim this org

Something off? Claim to add context

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 15aNo

Programs and updates

Empowering students to close the educational achievement gap.

Questions for 50can Action Fund INC

Tap to ask. 50can Action Fund INC sees how many people are interested.

Your first name shows with your question. 50can Action Fund INC answers here, for everyone.

Provided by the organization

Know this org? Add your story

3 programs · $3.1M · in their own filed words · FY2024
01

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.

$1.9Mprogram expense
02

Political Campaign Activities

Political campaign activities included public communications through earned media as well as mailings on educational issues.

$1.1Mprogram expense
03

Fiscal sponsorshipsthe organization provides fiscal sponsorship services to aligned projects by offering financial management, compliance oversight, and administrative support. In return, the organization collects a management fee.

$36Kprogram 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 · FY2024
Total grants receivedfrom 1 funder$440K
Grants paid · 11 grants · $2.2M · 2020–2024
50can Action Fund PacFY2024$548,510
Progressive Supporting Teachers and StudentsFY2024$225,000
50can Action Fund PacFY2023$478,964
50can Action Fund PacFY2022$312,106
50can Action Fund PacFY2021$210,450
Equity in Education CoalitionWA · FY2021$143,871
Equity in Education CoalitionWA · FY2021$143,871
TennesseecanFY2020$63,000
Tennesseans for Putting Students FirstFY2020$27,440
GeorgiacanFY2020$15,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$2.6M
Ln 12
Gifts and grantsLn 1h$2.2M
Fees for servicesLn 2g$209K
Investment incomeLn 3$181K
Money outPt IX
$3.5M
Ln 25
Programscol B$3.1M
Managementcol C$270K
Fundraisingcol D$80K
Owns and owesPt X
$2.9M
net assets · Ln 32
Cash and savingsLn 1–2$4.1M
Total assetsLn 16$4.1M
LiabilitiesLn 26$1.3M
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.2M
Fees for servicesLn 2g$209K
Investment incomeLn 3$181K
Total revenueLn 12$2.6M
Assets in detailPt X, end of year
SavingsLn 2$4.1M
Cash and savings togetherLn 1–2$4.1M
Total assetsLn 16$4.1M
LiabilitiesLn 26$1.3M
Net assetsLn 32$2.9M
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
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 FY24End FY24
Cash and savingsLn 1–2$3.6M$4.1M
Total assetsLn 16$4.6M$4.1M
LiabilitiesLn 26$885K$1.3M
Net assetsLn 32$3.7M$2.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$826K$826K
Legal feesLn 11b$18K$10K$8K
Accounting feesLn 11c$70K$70K
Lobbying feesLn 11d$138K$138K
Other fees for servicesLn 11g$372K$372K
Advertising and promotionLn 12$375K$375K
Office expensesLn 13$49K$29K$15K$5K
Information technologyLn 14$90K$90K
TravelLn 17$94K$75K$9K$9K
Conferences, conventions and meetingsLn 19$2K$2K
InsuranceLn 23$12K$12K
Other expenses (24a–d)Ln 24$1.4M$1.3M$65K$65K
All other expensesLn 24e$2K$2K
Total functional expensesLn 25$3.5M$3.1M$270K$80K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $2.6M$3.5M−$837K$2.9M 990 PDF
FY2023 $3.8M$1.4M$2.4M$4.2M 990 PDF
FY2022 $2.1M$1.2M$989K$2.2M 990 PDF
FY2021 $2.0M$1.2M$764K$1.4M 990 PDF
FY2020 $1.5M$1.1M$409K$533K 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $2,616,320 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,279,304$2,225,526
I-9 Program service revenuePrior year $0$209,484
I-10 Investment incomePrior year $38,204$181,310
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,317,508$2,616,320
I-13 Grants and similar amounts paidPrior year $480,964$826,010
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,337,145$2,627,637
I-18 Total expensesPrior year $1,818,109$3,453,647
I-19 Revenue less expensesPrior year −$500,601−$837,327
Part VI · Governance 3 of 4 board members independent, 1 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members3
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $2,616,320 across 5 lines filed
VIII-1f All other contributions, gifts and grants$2,225,526
VIII-1h Total contributions, gifts and grants$2,225,526
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $209,484$209,484
VIII-3 Investment incomeExcluded from tax $181,310$181,310
VIII-12 Total revenueRelated to mission $209,484 · Unrelated business $0 · Excluded from tax $181,310$2,616,320
Part IX · Statement of functional expenses $3,453,647 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $826,010$826,010
IX-11b Legal feesPrograms $9,889 · Management $8,091$17,980
IX-11c Accounting feesManagement $70,195$70,195
IX-11d Lobbying feesPrograms $137,812$137,812
IX-11g Other fees for servicesPrograms $371,547$371,547
IX-12 Advertising and promotionPrograms $375,155$375,155
IX-13 Office expensesPrograms $29,253 · Management $14,626 · Fundraising $4,875$48,754
IX-14 Information technologyManagement $90,227$90,227
IX-17 TravelPrograms $75,253 · Management $9,407 · Fundraising $9,407$94,067
IX-19 Conferences, conventions and meetingsPrograms $1,911$1,911
IX-23 InsuranceManagement $12,347$12,347
IX-24 Other expenses (24a–d)Programs $1,275,427 · Management $65,305 · Fundraising $65,305$1,406,037
IX-24e All other expensesPrograms $1,605$1,605
IX-25 Total functional expensesPrograms $3,103,862 · Management $270,198 · Fundraising $79,587$3,453,647
Part X · Balance sheet $4,132,484 assets, 12 lines filed
X-2 Savings and temporary cash investmentsStart of year $3,586,670$4,109,162
X-3 Pledges and grants receivableStart of year $975,000$4,305
X-9 Prepaid expenses and deferred chargesStart of year $33,033$19,017
X-16 Total assetsStart of year $4,594,703$4,132,484
X-17 Accounts payable and accrued expensesStart of year $65,086$96,364
X-19 Deferred revenueStart of year $276,814$434,398
X-25 Other liabilitiesStart of year $543,482$729,728
X-26 Total liabilitiesStart of year $885,382$1,260,490
X-27 Net assets without donor restrictionsStart of year $816,610$626,921
X-28 Net assets with donor restrictionsStart of year $2,892,711$2,245,073
X-32 Total net assets or fund balancesStart of year $3,709,321$2,871,994
X-33 Total liabilities and net assetsStart of year $4,594,703$4,132,484
Part XI · Reconciliation of net assets $2,871,994 net assets at year end
XI-1 Total revenue$2,616,320
XI-2 Total expenses$3,453,647
XI-3 Revenue less expenses−$837,327
XI-4 Net assets at start of year$3,709,321
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,871,994

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.