Nonprofit · EIN 45-4698768
50CAN ACTION FUND INC
Tax-exempt · WASHINGTON, DC 20010
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,616,320 | $3,453,647 | -$837,327 | $4,132,484 | $1,260,490 | $2,871,994 |
| December 31, 2023 | 990 | $1,317,508 | $1,818,109 | -$500,601 | $4,594,703 | $885,382 | $3,709,321 |
| June 30, 2023 | 990 | $3,824,356 | $1,392,478 | $2,431,878 | $5,011,981 | $802,059 | $4,209,922 |
| June 30, 2022 | 990 (amended) | $1,767,241 | $1,153,722 | $613,519 | $2,080,880 | $302,836 | $1,778,044 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,225,526
- Program service revenue
- $209,484
- Investment income
- $181,310
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $826,010
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $17,980
- Accounting fees
- $70,195
- Travel
- $94,067
- Program services (functional)
- $3,103,862
- Management and general (functional)
- $270,198
- Fundraising (functional)
- $79,587
Balance sheet and other
- Total assets, start of year
- $4,594,703
- Total assets, end of year
- $4,132,484
- Total liabilities, end of year
- $1,260,490
- Net assets, end of year
- $2,871,994
- Net assets without donor restrictions
- $626,921
- Net assets with donor restrictions
- $2,245,073
- Gross receipts
- $2,616,320
- Employees
- 0
- Volunteers
- 4
- Year formed
- 2012
- State of legal domicile
- CT
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MARC MAGEE | CEO Officer | 5 | $0 | $393,359 | $31,285 |
| DERRELL BRADFORD | PRESIDENT Trustee or director, Officer | 5 | $0 | $303,822 | $28,226 |
| LISA GRAHAM KEEGAN | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ANN BOROWIEC | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| ALEX JOHNSTON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARC MAGEE | CEO Officer | 5 | $34,559 | $3,461 |
| DERRELL BRADFORD | PRESIDENT Trustee or director, Officer | 5 | $27,503 | $1,514 |
| LISA GRAHAM KEEGAN | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ANN BOROWIEC | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ALEX JOHNSTON | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 7 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARC MAGEE | CEO Officer | 5 | $31,418 | $2,459 |
| DERRELL BRADFORD | PRESIDENT Trustee or director, Officer | 5 | $25,900 | $977 |
| MICHELE MASON | COO Officer | 5 | $25,232 | $1,137 |
| ED KIRBY | BOARD CHAIR, THRU JULY 2022 Trustee or director, Officer | 1 | $0 | $0 |
| LISA GRAHAM KEEGAN | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ANN BOROWIEC | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ALEX JOHNSTON | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2022: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARC MAGEE | CEO Officer | 5 | $30,493 | $2,386 |
| DERRELL BRADFORD | PRESIDENT Trustee or director, Officer | 5 | $22,798 | $1,993 |
| VALLAY-LATH VARRO | FORMER PRESIDENT (LEFT JUNE 2021) Former | 0 | $11,049 | $1,929 |
| MICHELE MASON | COO Officer | 5 | $9,610 | $855 |
| ED KIRBY | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ANN BOROWIEC | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ALEX JOHNSTON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LISA GRAHAM KEEGAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1380 MONROE ST NW 413, WASHINGTON, DC 20010-3452
- In care of
- % MARC MAGEE
- Mailing address (990-N for 2011)
- 115 E 23RD STREET 3F, NEW YORK NY 10010
- Principal officer (990 for 2024)
- MARC MAGEE, 1380 MONROE ST NW 413, WASHINGTON, DC 20010
- Principal officer (990-N for 2011)
- JULIE MARLETTE, 115 E 23RD STREET, NEW YORK NY 10010
- Signed the 990
- MARC MAGEE, CEO
- Phone
- (301) 458-8452
- Website
- 50CANACTIONFUND.ORG
- Return prepared by
- PKF O'CONNOR DAVIES ADVISORY LLC
Mission
WE STRIVE TO ENACT POLICIES THAT ADVANCE OUR VISION OF AN EQUITABLE EDUCATION SYSTEM. WE ARE COMMITTED TO PUTTING KIDS AT THE CENTER OF ALL THE PUBLIC EDUCATION DECISIONS WE MAKE IN OUR COMMUNITIES AND STATES.
Program accomplishments
- 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.Expenses $1,934,702
- POLITICAL CAMPAIGN ACTIVITIES:POLITICAL CAMPAIGN ACTIVITIES INCLUDED PUBLIC COMMUNICATIONS THROUGH EARNED MEDIA AS WELL AS MAILINGS ON EDUCATIONAL ISSUES.Expenses $1,133,357 · grants $826,010
- 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. THE ORGANIZATION OFFERS PROFESSIONAL SERVICES, INCLUDING CONSULTING AND STRATEGY SUPPORT, TO PARTNER ORGANIZATIONS. THESE SERVICES STRENGTHEN ADVOCACY CAPACITY AND EXPAND PUBLIC ENGAGEMENT.Expenses $35,803 · revenue $209,484
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 45-4698768
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $4,132,484
- Income (IRS master file)
- $2,616,320
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,616,320 | $3,453,647 | $4,132,484 | XML |
| 990 | December 2023 | $1,317,508 | $1,818,109 | $4,594,703 | XML |
| 990 | June 2023 | $3,824,356 | $1,392,478 | $5,011,981 | XML |
| 990 | June 2022 | $1,767,241 | $1,153,722 | $2,080,880 | XML |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
| 990-N for 2011 Officer: JULIE MARLETTE | June 30, 2012 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 45-4698768).
Questions about 50CAN ACTION FUND INC
- What is the EIN of 50CAN ACTION FUND INC?
- The employer identification number (EIN) of 50CAN ACTION FUND INC is 45-4698768.
- Is 50CAN ACTION FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2014.
- Are donations to 50CAN ACTION FUND INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does 50CAN ACTION FUND INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of 50CAN ACTION FUND INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did 50CAN ACTION FUND INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of 50CAN ACTION FUND INC?
- The 990 for the year ended December 31, 2024 names MARC MAGEE.
- Who are the officers and directors of 50CAN ACTION FUND INC?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does 50CAN ACTION FUND INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,616,320, expenses of $3,453,647 and total assets of $4,132,484 at year end.
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