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Nonprofiteer
← 50CAN ACTION FUND INC

Form 990 for tax year 2022

Filed by 50CAN ACTION FUND INC.

Totals

Total revenue
$3,824,356
Total expenses
$1,392,478
Contributions and grants received
$3,820,429
Grants paid
$317,606
Program service revenue
$0
Investment income
$3,927
Other revenue
$0
Total assets, end of year
$5,011,981
Total liabilities, end of year
$802,059
Net assets or fund balances, end of year
$4,209,922
Program services expenses (Part IX)
$1,207,509
Management and general expenses
$153,508
Fundraising expenses
$31,461
Program service expenses (Part III)
$1,207,509

Program services were 86.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $3,820,429

  • 3 · Investment income

    total $3,927 · excluded $3,927

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $317,606 · program services $317,606

  • 11b · Fees: legal

    total $15,171 · program services $8,344 · management and general $6,827

  • 11c · Fees: accounting

    total $39,800 · management and general $39,800

  • 11d · Fees: lobbying

    total $5,273 · program services $5,273

  • 11g · Fees: other

    total $291,687 · program services $291,687

  • 12 · Advertising and promotion

    total $83,933 · program services $80,600 · management and general $3,333

  • 13 · Office expenses

    total $31,713 · program services $19,028 · management and general $9,514 · fundraising $3,171

  • 14 · Information technology

    total $64,045 · management and general $64,045

  • 17 · Travel

    total $41,025 · program services $32,821 · management and general $4,102 · fundraising $4,102

  • 19 · Conferences, conventions and meetings

    total $16,773 · program services $16,773

  • 23 · Insurance

    total $1,578 · management and general $1,578

  • 24a · Other expenses: ALLOCATED SALARIES

    total $483,753 · program services $435,377 · management and general $24,188 · fundraising $24,188

  • 24b · Other expenses: MISC. EXPENSES

    total $121 · management and general $121

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,780,880 · end of year $3,461,225

  • 3 · Pledges and grants receivable

    beginning of year $300,000 · end of year $1,504,946

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $45,810

  • 17 · Accounts payable and accrued expenses

    beginning of year $113,970 · end of year $85,406

  • 25 · Other liabilities

    beginning of year $188,866 · end of year $716,653

  • 27 · Net assets without donor restrictions

    beginning of year $562,778 · end of year $802,556

  • 28 · Net assets with donor restrictions

    beginning of year $1,215,266 · end of year $3,407,366

Mission and programs · 2022

Mission

TO SUPPORT CANDIDATES THAT SHARE OUR VISION OF AN EQUITABLE EDUCATION SYSTEM.

Activities or mission (Part I)

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.

  • 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.

    Expenses $812,303

  • POLITICAL CAMPAIGN ACTIVITIES:POLITICAL CAMPAIGN ACTIVITIES INCLUDED PUBLIC COMMUNICATIONS THROUGH EARNED MEDIA AS WELL AS MAILINGS ON EDUCATIONAL ISSUES.

    Expenses $395,206 · Grants $317,606

As filed on the 2022 return.

Listed in Part VII

  • ED KIRBY

    BOARD CHAIR, THRU JULY 2022

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • LISA GRAHAM KEEGAN

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • DERRELL BRADFORD

    PRESIDENT

    Total calculated
    $26,877
    From this org
    $25,900
    From related orgs
    $0
    Other
    $977
    Hours/week
    5 + 1 related

    Schedule J breakdown matched by us

    Base
    $25,900
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $977
    Filer's total
    $26,877

  • ANN BOROWIEC

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ALEX JOHNSTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARC MAGEE

    CEO

    Total calculated
    $33,877
    From this org
    $31,418
    From related orgs
    $0
    Other
    $2,459
    Hours/week
    5 + 1 related

    Schedule J breakdown matched by us

    Base
    $31,418
    Bonus
    $0
    Other
    $0
    Deferred
    $1,525
    Nontaxable benefits
    $934
    Filer's total
    $33,877

  • MICHELE MASON

    COO

    Total calculated
    $26,369
    From this org
    $25,232
    From related orgs
    $0
    Other
    $1,137
    Hours/week
    5 + 1 related

    Schedule J breakdown matched by us

    Base
    $25,232
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $1,137
    Filer's total
    $26,369

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART VII, LINE 5, SERVICES PAID BY AN UNRELATED ORGANIZATION:
THE FORMER AND CURRENT EXECUTIVE DIRECTOR WERE COMPENSATED BY AN UNRELATED ORGANIZATION, 50CAN, INC. FOR THEIR SERVICES TO BOTH ORGANIZATIONS. THE AMOUNTS REPORTED IN PART II, REFLECT THE PORTION OF THEIR W-2 COMPENATION, RETIREMENT, AND NONTAXABLE BENEFITS ALLOCABLE TO THE SERVICES THEY PROVIDED TO 50 CAN ACTION FUND, INC. MARC MAGEE DERRELL BRADFORD MICHELE MASON

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • 50 CAN ACTION FUND PAC

    527 · POLITICAL ACTION FUND · CT · controlled entity

    Directly controlled by 50CAN ACTION FUND INC

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202401369349319185

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