2024-05-15T20:49:17-05:00 2022-06-30 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 3001 SUMMER STREET 5TH FLOOR EAST STAMFORD CT 06905 990 2021-07-01 454698768 50CAN ACTION FUND INC 50CA 3014588452 1380 MONROE ST NW 413 WASHINGTON DC 20010 MARC MAGEE CEO 3014588452 2024-05-15 1 MARC MAGEE 999009999 EVA MRUK P00543254 2033232400 2024-05-14 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z X MARC MAGEE 1380 MONROE ST NW 413 WASHINGTON DC 20010 1767241 0 X 50CANACTIONFUND.ORG X 2012 CT 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. 5 4 0 5 0 0 2007482 1767241 0 0 0 0 0 0 2007482 1767241 116540 407571 0 0 0 0 0 0 14967 1126918 746151 1243458 1153722 764024 613519 2867020 2080880 1702496 302836 1164524 1778044 X TO SUPPORT CANDIDATES THAT SHARE 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. WE ARE STEADFAST IN OUR BELIEF THAT STUDENTS DESERVE BETTER, AND WE ARE RELENTLESS IN OUR PURSUIT OF THE EDUCATIONAL SYSTEMS AND POLICIES THEY DESERVE. 0 0 694855 407571 0 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. 295300 0 0 POLITICAL CAMPAIGN ACTIVITIES:POLITICAL CAMPAIGN ACTIVITIES INCLUDED PUBLIC COMMUNICATIONS THROUGH EARNED MEDIA AS WELL AS MAILINGS ON EDUCATIONAL ISSUES. 990155 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 20 0 0 0 0 0 0 1 1 0 0 0 X 5 4 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 1 1 0 0 0 TN GA NJ SC CA NY X X KENNA LITTLE 3014588452 1380 MONROE ST NW 413 WASHINGTON DC 20010 ED KIRBY BOARD CHAIR 1.00 1.00 X X 0 0 0 DERRELL BRADFORD PRESIDENT 5.00 1.00 X X 22798 0 1993 ANN BOROWIEC DIRECTOR 1.00 0.00 X 0 0 0 ALEX JOHNSTON DIRECTOR 1.00 0.00 X 0 0 0 LISA GRAHAM KEEGAN DIRECTOR 1.00 0.00 X 0 0 0 MARC MAGEE CEO 5.00 1.00 X 30493 0 2386 MICHELE MASON COO 5.00 1.00 X 9610 0 855 VALLAY-LATH VARRO FORMER PRESIDENT (LEFT JUNE 2021) 0.00 0.00 X 11049 0 1929 73950 0 7163 0 1 0 1 ANTHONY WILSON 780 MEMORAL DRIVE SE UNIT 719 ATLANTA GA 30316 ADMINISTRATIVE SERVICES 101500 1 1767241 1767241 1767241 0 0 0 407571 407571 45983 1911 44072 23380 23380 77550 77550 102371 102371 147546 146796 750 24603 15091 7134 2378 77942 77942 13488 10791 1348 1349 3201 3201 3817 3817 ALLOCATED SALARIES/BENE 223973 201493 11240 11240 MISC. EXPENSES 2297 0 2297 0 1153722 990155 148600 14967 2867020 1780880 0 300000 2867020 2080880 71962 113970 1630534 188866 1702496 302836 X 3329 562778 1161195 1215266 1164524 1778044 2867020 2080880 613519 0 X 0 1 X 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 295300 31600 263700 295300 0 50CAN ACTION FUND PAC 1380 MONROE STREET NW 413 WASHINGTON DC 20010 210450 M TERESA RUIZ SENATE 166 BLOOMFIELD AVENUE NEWARK NJ 07104 2000 OROHO FOR SENATE 115 DEMAREST ROAD SPARTA TOWNSHIP NJ 07871 1000 CAROL MURPHY FOR ASSEMBLY 504 ROUTE 130 NORTH SUITE 100 CINNAMINSON NJ 08077 1000 DEMOCRATIC ASSEMBLY CAMPAIGN COMMITTEE (DACC) PO BOX 3712 TRENTON NJ 08608 1000 GARY SCHAER FOR ASSEMBLY 1 HOWE AVENUE PASSAIC NJ 07055 750 EFO DAWN ADDIEGO RIVER CROSSING STRATEGY GROUP 128 TRENTON NJ 08608 750 MAZZEO FOR SENATE RIVER CROSSING STRATEGY GROUP 128 TRENTON NJ 08608 750 NELLIE POU FOR SENATE PO BOX 2696 PATERSON NJ 07509 500 EFO TROY SINGLETON RIVER CROSSING STRATEGY GROUP 1460 WOODBRIDGE NJ 07095 1500 MURPHY FOR GOVERNOR ONE RIVERFRONT PLZ 1037 RAYMOND BLV NEWARK NJ 07102 1500 RAISING COLORADO IEC 7944 S PENNSYLVANIA DR LITTLETON CO 80122 20000 FORWARD PROGRESS 1228 15TH STREET DENVER CO 80202 17500 PARENTS FOR GREAT SCHOOLS 116 N 2ND ST CAMDEN NJ 08102 15000 PART I-A, LINE 1: THE ORGANIZATION SUPPORTED CANDIDATES COMMITTED TO POLICIES THAT CLOSE THE ACHIEVEMENT GAP. 0 DUE FROM AFFILIATE 188866 188866 X 1767241 0 1767241 0 1767241 1153721 0 1153721 0 1153721 PART X, LINE 2: THE ORGANIZATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY WHEN THEY ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE ORGANIZATION IS NO LONGER SUBJECT TO FEDERAL, STATE OR LOCAL INCOME TAX EXAMINATIONS FOR PERIODS PRIOR TO JUNE 30, 2020. 1 EQUITY IN EDUCATION 1360 PEACHTREE ST STE 1100 ATLANTA GA 30309 814447635 501(C)(4) 143871 0 TO INCREASE EDUCATIONAL OPPORTUNITIES IN ATLANTA 50CAN ACTION FUND PAC 1380 MONROE ST NW SUITE 413 WASHINGTON DC 20010 830877823 527 210450 0 POLITICAL CONTRIBUTIONS 1 1 PART I, LINE 2: THE ORGANIZATION PROVIDED A GRANT TO A MISSION-ALIGNED PUBLIC CHARITY IN ATLANTA. CONTRIBUTIONS ARE NOT MADE UNLESS THERE IS SPECIFIC FUNDING TO COVER IT BEYOND EACH STATE CAMPAIGN'S GENERAL OPERATING BUDGET. CONTRIBUTION REQUESTS FROM STATE AND LOCAL TEAMS ARE REVIEWED AND APPROVED BY THE DIRECTOR OF FINANCE AND CFO BEFORE A CONTRIBUTION IS MADE. 0 0 0 0 0 0 0 0 0 MARC MAGEE CEO 30493 0 0 0 0 0 1525 0 861 0 32879 0 0 0 VALLAY-LATH VARRO FORMER PRESIDENT (LEFT JUNE 2021) 11049 0 0 0 0 0 572 0 1357 0 12978 0 0 0 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 VALLAY-LATH VARRO FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION HAS NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION HAS ITS FORM 990 PREPARED BY A PROFESSIONAL ACCOUNTING FIRM. IT IS REVIEWED BY THE ORGANIZATION'S EXECUTIVE DIRECTOR, AND THE VP OF FINANCE AND OPERATIONS OF 50 CAN, INC. AN AFFILIATED ORGANIZATION WITH WHICH IT HAS A SHARED SERVICES AGREEMENT. ALL MEMBERS OF THE ORGANIZATION'S GOVERNING BODY RECEIVE A COMPLETE COPY OF THE FORM 990 FOR THEIR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY WHICH APPLIES TO ITS OFFICERS AND DIRECTORS WHICH IT REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND IS GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE BOARD OF DIRECTORS. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE LEAVES THE BOARD MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD MEMBERS DECIDE IF A CONFLICT OF INTEREST EXISTS. EACH DIRECTOR AND OFFICER ANNUALLY SIGN A STATEMENT AND DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, LINE B, AMENDED RETURN: AN AMENDED RETURN IS BEING FILED TO IN ORDER TO CONFORM TO THE ORGANIZATION'S JUNE 30, 2022 AUDITED FINANCIAL STATEMENTS ISSUED SUBSEQUENT TO THE ORIGINAL FILING OF THIS RETURN. A LISTING OF ALL OF THE CHANGES TO THE FORM 990 IS AS FOLLOWS: 1. PAGE 1, BOX 6: GROSS RECEIPTS WAS UPDATED TO REFLECT THE UPDATED REVENUE REPORTED IN PART VIII 2. PART I, LINES 8-22 (CURRENT YEAR): THESE AMOUNTS WERE UPDATED TO REFLECT THE CHANGES REPORTED IN THEIR RESPECTIVE PARTS OF THE RETURN. 4. PART IV, LINE 11F AND 12A: CHECKED YES BASED ON THE ISSUANCE OF THE AUDITED FINANCIAL STATEMENTS 5. PART VII, SECTION B, LINE 1 5. PART VIII: STATEMENT OF REVENUE WAS UPDATED 6. PART IX: THE OVERALL FUNCTIONAL EXPENSE ALLOCATION WAS UPDATED. THE REVISED ALLOCATION WAS INCORPORATED INTO PART IX. IN ADDITION, VARIOUS LINE ITEMS WERE ADJUSTED DUE TO THE REVISED FIGURES THROUGHOUT THE STATEMENT 7. PART X : THE AMOUNTS ON THE BALANCE SHEET WERE UPDATED 8. PART XI, LINES 1 - 10: THESE AMOUNTS WERE UPDATED FOR THE CHANGES REPORTED IN PART VIII AND PART IX, AS PER THE CHANGES DISCUSSED ABOVE 9. PART XII, LINE 2B: CHECKED YES TO REFLECT THE ISSUANCE OF THE AUDITED FINANCIAL STATEMENTS 10. THE FOLLOWING SCHEDULES WERE UPDATED PER THE CORRESPONDING CHANGES ABOVE: -SCHEDULE B, CONTRIBUTORS WERE ADJUSTED TO REFLECT 2% THRESHOLD -SCHEDULE D, PART VI, PART X, LINE 2, PART XI, PART XII AND PART XIII. -SCHEDULE R PART V, LINE 1C AND 2. 50 CAN ACTION FUND PAC 1625 K ST NW SUITE 400 WASHINGTON DC 20006 830877823 POLITICAL ACTION FUND CT 527 50CAN ACTION FUND INC 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 50 CAN ACTION FUND PAC B 210450 COST