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Nonprofiteer
← 50CAN ACTION FUND INC

Form 990 for tax year 2023

Filed by 50CAN ACTION FUND INC.

Totals

Total revenue
$1,317,508
Total expenses
$1,818,109
Contributions and grants received
$1,279,304
Grants paid
$480,964
Program service revenue
not reported
Investment income
not reported
Other revenue
not reported
Total assets, end of year
not reported
Total liabilities, end of year
not reported
Net assets or fund balances, end of year
not reported
Program services expenses (Part IX)
$1,644,172
Management and general expenses
$134,329
Fundraising expenses
$39,608
Program service expenses (Part III)
$1,644,172

Program services were 90.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • LISA GRAHAM KEEGAN

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1.25 related

  • DERRELL BRADFORD

    PRESIDENT

    Total calculated
    $29,017
    From this org
    $27,503
    From related orgs
    $0
    Other
    $1,514
    Hours/week
    5 + 45 related

    Schedule J breakdown matched by us

    Base
    $27,503
    Bonus
    $0
    Other
    $0
    Deferred
    $137
    Nontaxable benefits
    $1,377
    Filer's total
    $29,017

  • ANN BOROWIEC

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • ALEX JOHNSTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARC MAGEE

    CEO

    Total calculated
    $38,020
    From this org
    $34,559
    From related orgs
    $0
    Other
    $3,461
    Hours/week
    5 + 45 related

    Schedule J breakdown matched by us

    Base
    $34,559
    Bonus
    $0
    Other
    $0
    Deferred
    $1,650
    Nontaxable benefits
    $1,811
    Filer's total
    $38,020

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 CEO AND PRESIDENT 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

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.

  • 50CAN ACTION FUND PAC

    527 · POLITICAL ACTION FUND · CT · controlled entity

    Directly controlled by 50CAN ACTION FUND INC

  • 50CAN INC

    501(C)(3) · TO CLOSE AMERICA'S EDUCATIONAL ACHIEVEMENT GAP · CT

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202413209349329101

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