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Nonprofiteer
← 50CAN INC

Form 990 for tax year 2024

Filed by 50CAN INC.

Totals

Total revenue
$97,340,773
Total expenses
$82,792,997
Contributions and grants received
$90,284,062
Grants paid
$54,990,215
Program service revenue
$5,929,699
Investment income
$1,094,650
Other revenue
$32,362
Total assets, end of year
$36,761,998
Total liabilities, end of year
$4,212,235
Net assets or fund balances, end of year
$32,549,763
Program services expenses (Part IX)
$77,188,382
Management and general expenses
$5,362,952
Fundraising expenses
$241,663
Program service expenses (Part III)
$77,188,382

Program services were 93.2% 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

    $90,284,062

  • 1g · Noncash contributions included above

    $15,476

  • 2a · Program service revenue: FISCAL SPONSORSHIPS

    total $5,929,699 · related or exempt $5,929,699

  • 3 · Investment income

    total $1,094,650 · excluded $1,094,650

  • 6a · Gross rents

    real property $29,998

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $29,998

  • 6d · Net rental income or loss

    total $29,998 · excluded $29,998

  • 11a · Other revenue: MISC. REVENUE

    total $2,364 · excluded $2,364

  • 11e · Other revenue, total

    $2,364

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $54,990,215 · program services $54,990,215

  • 5 · Compensation of officers, directors and key employees

    total $1,223,476 · program services $614,483 · management and general $398,157 · fundraising $210,836

  • 7 · Other salaries and wages

    total $5,856,628 · program services $4,430,854 · management and general $1,425,774

  • 8 · Pension plan contributions

    total $186,564 · program services $144,563 · management and general $42,001

  • 9 · Other employee benefits

    total $582,023 · program services $435,804 · management and general $141,047 · fundraising $5,172

  • 10 · Payroll taxes

    total $515,855 · program services $369,749 · management and general $135,864 · fundraising $10,242

  • 11a · Fees: management

    total $4,407,335 · program services $2,999,207 · management and general $1,408,128

  • 11b · Fees: legal

    total $91,372 · program services $13,756 · management and general $77,616

  • 11c · Fees: accounting

    total $115,837 · management and general $115,837

  • 11d · Fees: lobbying

    total $431,936 · program services $431,936

  • 11g · Fees: other

    total $11,729,338 · program services $11,039,291 · management and general $681,115 · fundraising $8,932

  • 12 · Advertising and promotion

    total $239,289 · program services $209,927 · management and general $29,362

  • 13 · Office expenses

    total $441,617 · program services $244,963 · management and general $196,654

  • 14 · Information technology

    total $534,002 · program services $185,505 · management and general $344,650 · fundraising $3,847

  • 16 · Occupancy

    total $269,958 · program services $225,635 · management and general $44,323

  • 17 · Travel

    total $929,446 · program services $725,451 · management and general $202,077 · fundraising $1,918

  • 19 · Conferences, conventions and meetings

    total $144,909 · program services $118,368 · management and general $26,163 · fundraising $378

  • 23 · Insurance

    total $84,476 · management and general $84,476

  • 24a · Other expenses: STAFF DEVELOPMENT

    total $18,721 · program services $8,675 · management and general $9,708 · fundraising $338

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $129,016 · end of year $146,363

  • 2 · Savings and temporary cash investments

    beginning of year $12,738,780 · end of year $29,952,026

  • 3 · Pledges and grants receivable

    beginning of year $5,639,704 · end of year $4,731,022

  • 8 · Inventories for sale or use

    beginning of year $15,225 · end of year $15,125

  • 9 · Prepaid expenses and deferred charges

    beginning of year $95,346 · end of year $322,134

  • 10a · Land, buildings and equipment: cost or other basis

    $264,646

  • 10b · Land, buildings and equipment: accumulated depreciation

    $264,646

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $164,165 · end of year $199,177

  • 15 · Other assets

    beginning of year $1,068,071 · end of year $1,396,151

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,426,512 · end of year $3,465,029

  • 19 · Deferred revenue

    beginning of year $0 · end of year $182,077

  • 25 · Other liabilities

    beginning of year $456,775 · end of year $565,129

  • 27 · Net assets without donor restrictions

    beginning of year $4,664,317 · end of year $11,849,251

  • 28 · Net assets with donor restrictions

    beginning of year $13,302,703 · end of year $20,700,512

Mission and programs · 2024

Mission

50CAN IS ORGANIZED FOR THE PURPOSE OF IMPROVING THE QUALITY OF PUBLIC EDUCATION IN THE UNITED STATES OF AMERICA. IT DOES SO THROUGH THE CREATION AND MANAGEMENT OF STATE-BASED EDUCATIONAL ADVOCACY CAMPAIGNS, FELLOWSHIPS FOR COMMUNICATORS AND CHANGE MAKERS, SUPPORT OF EDUCATIONAL INNOVATORS AND ENTREPRENEURS AND PROVIDING RESOURCES AND RESEARCH ON EFFECTIVE ADVOCACY.

Activities or mission (Part I)

50CAN, INC. IS A NOT-FOR-PROFIT ORGANIZATION COMMITTED TO BUILDING THE FUTURE OF AMERICAN EDUCATION BY DELIVERING ON FIVE CORE PROMISES TO THE COUNTRY'S CHILDREN.

  • FISCAL SPONSORSHIPS50CAN OFFERS FISCAL SPONSORSHIP SERVICES TO PARTNER ORGANIZATIONS THAT WORK WITHIN THE ORGANIZATION'S BELIEVE IN BETTER POLICY FRAMEWORK. TO DATE, THESE RELATIONSHIPS HAVE BEEN OFFERED TO NEW ORGANIZATIONS AWAITING INDEPENDENT 501(C)(3) STATUS OR TO THOSE WHO WANT TO UTILIZE 50CAN'S FINANCIAL AND ADMINISTRATIVE MANAGEMENT.

    Expenses $70,542,857 · Grants $54,990,215 · Revenue $5,929,699

  • ADVOCATE FOR POLICY CHANGE50CAN'S EXPERT STAFF TEAMS UP WITH LOCAL ADVOCACY LEADERS TO DEVELOP AND ENACT STUDENT AND FAMILY-CENTERED POLICY CHANGE.

    Expenses $4,998,446

  • 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. AS A RESULT, 50CAN LEADERS ARE FREQUENTLY FEATURED IN TELEVISION, ONLINE AND PRINT.

    Expenses $1,647,079

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • MARC MAGEE

    CEO & TREASURER

    Total calculated
    $424,644
    From this org
    $393,359
    From related orgs
    $0
    Other
    $31,285
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $378,359
    Bonus
    $15,000
    Other
    $0
    Deferred
    $14,820
    Nontaxable benefits
    $16,465
    Filer's total
    $424,644

  • MICHAEL PHILLIPS

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • ANN BOROWIEC

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • CAMPBELL BROWN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KATHERINE HALEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROLAND MARTIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LISA GRAHAM KEEGAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1.25 related

  • ANDREW SCHWEDEL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DERRICK DIGGS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DERRELL BRADFORD

    PRESIDENT

    Total calculated
    $332,048
    From this org
    $303,822
    From related orgs
    $0
    Other
    $28,226
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $300,822
    Bonus
    $3,000
    Other
    $0
    Deferred
    $15,787
    Nontaxable benefits
    $12,439
    Filer's total
    $332,048

  • JONATHAN NIKKILA

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $256,561
    From this org
    $224,932
    From related orgs
    $0
    Other
    $31,629
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $221,932
    Bonus
    $3,000
    Other
    $0
    Deferred
    $11,906
    Nontaxable benefits
    $19,723
    Filer's total
    $256,561

  • KENNA LITTLE

    VP OF FINANCE & OPERATION

    Total calculated
    $210,223
    From this org
    $160,423
    From related orgs
    $0
    Other
    $49,800
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $157,423
    Bonus
    $3,000
    Other
    $0
    Deferred
    $9,268
    Nontaxable benefits
    $40,532
    Filer's total
    $210,223

  • RESHMA SINGH

    EXECUTIVE DIRECTOR OF PACE

    Total calculated
    $327,146
    From this org
    $287,591
    From related orgs
    $0
    Other
    $39,555
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $287,591
    Bonus
    $0
    Other
    $0
    Deferred
    $9,953
    Nontaxable benefits
    $29,602
    Filer's total
    $327,146

  • BENJAMIN AUSTIN

    EXECUTIVE DIRECTOR OF ECRN

    Total calculated
    $334,414
    From this org
    $279,640
    From related orgs
    $0
    Other
    $54,774
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $279,640
    Bonus
    $0
    Other
    $0
    Deferred
    $15,392
    Nontaxable benefits
    $39,382
    Filer's total
    $334,414

  • SEAN ANDERSEN

    SENIOR ADVISOR OF PACE

    Total calculated
    $270,664
    From this org
    $248,364
    From related orgs
    $0
    Other
    $22,300
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $248,364
    Bonus
    $0
    Other
    $0
    Deferred
    $9,683
    Nontaxable benefits
    $12,617
    Filer's total
    $270,664

  • PAULA WHITE

    EXECUTIVE DIRECTOR

    Total calculated
    $252,316
    From this org
    $238,811
    From related orgs
    $0
    Other
    $13,505
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $235,811
    Bonus
    $3,000
    Other
    $0
    Deferred
    $12,418
    Nontaxable benefits
    $1,087
    Filer's total
    $252,316

  • KELLI DRAGO BOTTGER

    EXECUTIVE DIRECTOR

    Total calculated
    $263,717
    From this org
    $214,938
    From related orgs
    $0
    Other
    $48,779
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $211,438
    Bonus
    $3,000
    Other
    $500
    Deferred
    $9,586
    Nontaxable benefits
    $39,193
    Filer's total
    $263,717

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

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
THE ORGANIZATION PAID BOARD APPROVED DISCRETIONARY BONUSES TO CERTAIN INDIVIDUALS LISTED IN PART II AS REPORTED IN COLUMN B(II), ROW (I) FOR THE APPLICABLE INDIVIDUALS.

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

The 10 largest by cash amount. The API serves every itemized grant.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
9 October 2025
IRS schema version
2024v5.2
Source object
202542829349301854

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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