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50CAN INC

Washington, DC   |  www.50can.org
GuideStar Charity Check

50CAN INC

EIN: 27-3069592


Mission

50CAN: The 50-State Campaign for Achievement Now is a nonprofit organization that advocates for a high-quality education for all kids, regardless of their address.

Ruling year info

2011

CEO & Founder

Marc Porter Magee

President

Derrell Bradford

Main address

1380 Monroe Street NW #413

Washington, DC 20010 USA

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Formerly known as

StudentsFirst

EIN

27-3069592

Subject area info

Education

Population served info

Children and youth

Academics

NTEE code info

Alliance/Advocacy Organizations (B01)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Communication

Affiliations

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What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Louisiana Kids Matter Campaign

Louisiana Kids Matter Campaign seeks to improve educational outcomes for all kids by advocating for policies that ensure students receive a high-quality education regardless of their zip code.

We believe Louisiana must empower officials to support students by passing high-quality policies that improve educational outcomes for all kids.

Population(s) Served

ConnCAN is leading an advocacy movement to ensure that all kids in The Constitution State have access to a high-quality education, regardless of their address.

Our work to improve education in Connecticut springs from our belief in the immense potential found within every child and our responsibility as citizen advocates to do everything we can to ensure we have an education system that lives up to this potential.

We strive to be resourceful and nimble as we advance the changes our kids deserve. We aim to see every win—and every setback—as an opportunity to learn what’s working today and envision what might be possible tomorrow. We know we don’t have all the answers and that we can only succeed by constantly testing our assumptions, working in close collaboration with others and investing in an inclusive culture enlivened by diverse viewpoints from across our state.

Population(s) Served

DelawareCAN advocates for the success of every Delaware student, from pre-K through college and career. We improve policy to help all students thrive and share promising practices and stories to demonstrate that all kids CAN succeed.

Population(s) Served

GeorgiaCAN seeks to identify and advance common-sense policies that put the needs of students first. We engage local stakeholders—from community members to policy makers—to advocate for student success throughout the entire public education system.

Population(s) Served

HawaiiKidsCAN advocates for the success of every Hawaii student, from pre-K through college and career. We improve policy to help all students thrive and share promising practices and stories to demonstrate that all kids CAN succeed.

Population(s) Served

CarolinaCAN advocates for the success of every North Carolina student, from pre-K through college and career. We improve policy to help all students thrive and share promising practices and stories to demonstrate that all kids CAN succeed.

Population(s) Served

We believe that all families must have access to high-quality schools and that students need continuous support with appropriate resources and excellent teaching, regardless of their zip code, cultural background or socioeconomic status. Over the past seven years, we have worked to level the playing field. Our goal is to ensure that every New Jersey student can graduate from high school ready to enroll in college and succeed in their career.

Population(s) Served

NewMexicoKidsCAN serves as a catalyst and conduit to advocate for community-informed, student-centered and research-backed education policies that work best for the children of New Mexico. By connecting policy, instructional practice and politics, we reimagine what is possible in New Mexico’s public education system.

Population(s) Served

TEN recognizes that access to high-quality education is a fundamental right of all people. Education systems that currently exist have been unequal and oppressive to certain sections of our city for too long. TEN exists to change that system by partnering with parents, students, community leaders, charter providers, local school districts and elected officials. We will build power with communities to demand innovation, improvement and high-quality public schools in all neighborhoods.

Population(s) Served

TennesseeCAN empowers local stakeholders—from community members to policymakers—to advocate for improved K-12 education policies that put Tennessee children first. Together, we are working to ensure students have access to high-quality schools, teachers and resources that prioritize their unique educational talents and needs.

Population(s) Served

Where we work

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Number of new constituencies represented among champions

This metric is no longer tracked.
Totals By Year
Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Number of new organizations signing on as collaborators

This metric is no longer tracked.
Totals By Year
Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

There is no greater gift you can give a child than that of a great education. At 50CAN, we believe that with four million children born in the United States every year, we have the opportunity and obligation to help them become the best version of themselves by providing a dynamic education system that meets their individual needs at every step of their learning journey. Unfortunately, we are far from this reality for every child. We still have an education system in the United States where too many students, either because of their address, the color of
their skin, or the school theyre assigned to, never have the opportunity to reach their full potential.

Despite all the challenges we face as a country, we know we can create an education system where all of the nations children have the opportunity to become the best versions of themselves. Thats why the next phase of work at 50CAN is first and foremost an open invitation to people and organizations across the country to join in an education movement focused on the future, working across party lines, that always strives to put children first.

This vision of the future is grounded in the belief that all families should have access to the educational opportunities, experiences and support that have long been the norm among the elite: a range of choices for tutoring, summer camps, connectivity, mental health, after school enrichment and more to create a personalized educational journey for their children. It embraces learning and enrichment that happen outside of school, prioritizing a childs aspirations over their address and remakes education finance systems to unwind historic inequities by giving all families more resources and control. And while it provides extra support to historically marginalized communities, it also embraces universalism to both build larger political constituencies of support and welcome all children into a system where we all benefit from each others success.

From these principles, we developed our framework for the education system of the future, which is grounded in five promises to every child:
- The education thats right for you, because every student learns differently.
- Tutoring and care for every student in every community.
- A world of open and connected learning, so that you have the tools you need to strengthen your community and succeed in life.
- A family's right to know whats working--its all about accountability.
- A clear path to the career you choose. Its about finding your fit, and your pathway to a meaningful life.

Over the next three years, we aim to make Believing in Better, Together our North Star. That means our strategy will be to unite more aligned partners in more places around a positive policy vision for the future to ensure a vibrant, nationwide movement that gets results.

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

done We shared information about our current feedback practices.
  • How is your organization using feedback from the people you serve?

  • Which of the following feedback practices does your organization routinely carry out?

  • What challenges does the organization face when collecting feedback?

Financials

50CAN INC
Fiscal year: Jan 01 - Dec 31
Financial documents
2022 Audited Financial Statements 2022 50CAN, Inc. 2022 Audited Financials
done  Yes, financials were audited by an independent accountant. info

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

15.28

Average of 9.78 over 10 years

Months of cash in 2022 info

SOURCE: IRS Form 990

3

Average of 4 over 10 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

18%

Average of 19% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

50CAN INC

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

50CAN INC

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

50CAN INC

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of 50CAN INC’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

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Business model indicators

Profitability info 2018 2019 2020 2021 2022
Unrestricted surplus (deficit) before depreciation $1,451,087 $6,720,339 -$1,621,607 -$637,560 $730,876
As % of expenses 12.5% 62.4% -14.7% -5.5% 2.0%
Unrestricted surplus (deficit) after depreciation $1,419,604 $6,683,586 -$1,653,595 -$652,172 $701,574
As % of expenses 12.2% 61.8% -14.9% -5.7% 1.9%
Revenue composition info
Total revenue (unrestricted & restricted) $11,589,004 $15,475,405 $9,424,103 $14,699,448 $37,090,533
Total revenue, % change over prior year 56.5% 33.5% -39.1% 56.0% 152.3%
Program services revenue 5.6% 6.8% 19.2% 10.5% 8.6%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 0.0% 0.0% 0.0% 0.0% 0.0%
Government grants 0.0% 0.0% 0.0% 7.2% 0.0%
All other grants and contributions 94.4% 93.1% 79.6% 82.0% 91.4%
Other revenue 0.1% 0.1% 1.2% 0.2% 0.0%
Expense composition info
Total expenses before depreciation $11,619,944 $10,775,037 $11,045,710 $11,526,564 $36,312,131
Total expenses, % change over prior year 28.9% -7.3% 2.5% 4.4% 215.0%
Personnel 53.0% 54.4% 61.4% 58.0% 20.3%
Professional fees 14.4% 20.7% 21.1% 19.0% 12.3%
Occupancy 3.0% 3.1% 3.3% 1.5% 0.2%
Interest 0.0% 0.0% 0.0% 0.0% 0.0%
Pass-through 7.2% 6.5% 2.5% 5.6% 62.5%
All other expenses 22.4% 15.2% 11.7% 15.8% 4.7%
Full cost components (estimated) info 2018 2019 2020 2021 2022
Total expenses (after depreciation) $11,651,427 $10,811,790 $11,077,698 $11,541,176 $36,341,433
One month of savings $968,329 $897,920 $920,476 $960,547 $3,026,011
Debt principal payment $0 $7,986 $0 $0 $0
Fixed asset additions $0 $0 $0 $0 $0
Total full costs (estimated) $12,619,756 $11,717,696 $11,998,174 $12,501,723 $39,367,444

Capital structure indicators

Liquidity info 2018 2019 2020 2021 2022
Months of cash 1.5 4.4 5.2 6.6 3.0
Months of cash and investments 1.5 4.4 5.4 6.7 3.1
Months of estimated liquid unrestricted net assets 2.8 8.3 6.3 3.5 1.4
Balance sheet composition info 2018 2019 2020 2021 2022
Cash $1,427,460 $3,938,319 $4,824,383 $6,367,199 $9,202,909
Investments $53,379 $55,756 $111,639 $74,092 $68,455
Receivables $1,808,247 $4,038,990 $1,901,516 $3,244,206 $2,165,597
Gross land, buildings, equipment (LBE) $211,357 $264,646 $238,987 $264,646 $264,646
Accumulated depreciation (as a % of LBE) 68.9% 71.1% 92.1% 88.7% 99.8%
Liabilities (as a % of assets) 21.9% 8.9% 17.0% 5.7% 5.0%
Unrestricted net assets $2,714,902 $7,455,799 $5,802,204 $3,384,329 $4,085,903
Temporarily restricted net assets $0 N/A N/A N/A N/A
Permanently restricted net assets $0 N/A N/A N/A N/A
Total restricted net assets $0 $0 $0 $7,417,681 $7,444,343
Total net assets $2,714,902 $7,455,799 $5,802,204 $10,802,010 $11,530,246

Key data checks

Key data checks info 2018 2019 2020 2021 2022
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Form 1023/1024 is not available for this organization

CEO & Founder

Marc Porter Magee

As the CEO and founder at 50CAN, Marc works in partnership with the national leadership team to support our local leaders and leads 50CAN's national development, external relations and organizational strategy work.

President

Derrell Bradford

Derrell is the president of 50CAN. In his national role, Derrell recruits and trains local leaders across the 50CAN network for roles as CAN executive directors, fellows, and YouCAN advocates.

Number of employees

Source: IRS Form 990

50CAN INC

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
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Compensation data
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50CAN INC

Highest paid employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of highest paid employee data for this organization

50CAN INC

Board of directors
as of 01/29/2024
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Michael Philips

Chief Operating Officer - TDJ Enterprises

Ann Borowiec

JP Morgan Private Wealth Management

Roland Martin

Roland Martin #Unfiltered

Campbell Brown

Facebook

Katherine Haley

Oak Rose Group

Deepa Javeri

Propel

Lisa Graham Keegan

The Keegan Company

Marc Porter Magee

50CAN

Andrew Schwedel

Bain & Company

Derrick Diggs

Diggs Construction LLC

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? Yes

Contractors

Fiscal year ending

Professional fundraisers

Fiscal year ending

SOURCE: IRS Form 990 Schedule G

Solicitation activities
Gross receipts from fundraising
Retained by organization
Paid to fundraiser