Overview
What is 50Can Inc?
50Can Inc, based in Washington D.C., is a not-for-profit organization dedicated to enhancing public education in the United States. They offer fiscal sponsorship services to partner organizations, acting as a support system for those in the process of obtaining independent 501(c)(3) status or aiming to utilize 50Can's financial and administrative management. With a team of 67 employees, 50Can's mission is to improve the quality of education through the creation and management of state-based educational advocacy campaigns, fellowships for communicators and change makers, and support for educational innovators and entrepreneurs. Additionally, they provide resources and research on effective advocacy.
Official website here: www.50can.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 88% - Three-Star out of Four Star rating
50Can Inc has received a solid Three-Star rating from Charity Navigator, indicating a strong performance in key areas of accountability and finance. The organization excels in maintaining a majority independent board, demonstrating a commitment to governance with 90% of board members being independent. The charity has also shown effective financial management, with a high program expense ratio of 83.17%, ensuring that a significant portion of its budget is directed toward its programs.
Despite its strengths, there are limitations in its impact and measurement capabilities, as evidenced by a lower score in data collection and analysis. While the organization has made strides in program planning and reporting, the overall impact measurement score of 77 suggests there is room for improvement. This could affect the charity's ability to effectively communicate its outcomes and long-term impact to stakeholders.
Overall, 50Can Inc demonstrates strong financial health and good governance practices, appealing to donors who prioritize transparency and accountability. Nonetheless, focusing on enhancing its impact measurement strategies may further bolster its effectiveness and reputation.
This AI summary has been generated from information found on Charity Navigator.
Is 50Can Inc legitimate?
50Can Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 50Can Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,051,973
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,197,047
For more financial information, click here
Official website here: www.50can.org
What is the mission statement of 50Can Inc?
50Can Inc is a not-for-profit organization dedicated to enhancing the quality of public education in the United States. It achieves this goal by establishing and managing state-based educational advocacy campaigns, offering fellowships to communicators and changemakers, supporting educational innovators and entrepreneurs, and providing resources and research on effective advocacy. The organization's primary objective is to improve the educational system for the country's children.
Official website here: www.50can.org
Who is the CEO of 50Can Inc?
Marc Magee is the Ceo & Treasurer of 50Can Inc. The CEO's salary of 50Can Inc is $314,179 and their total compensation is $338,767.
Official website here: www.50can.org
What is the revenue of 50Can Inc?
50Can Inc's revenue in 2022 was $37,090,533.
Official website here: www.50can.org
Who are the executives of 50Can Inc and what are their salaries?
The average compensation at 50Can Inc during 2022 was $93,269. There are 67 employees and 9 volunteers at 50Can Inc.
Here are 17 key members and their salaries (50Can Inc's CEO's salary is $314,179 and their total compensation is $338,767):
- Compensation: $314,179
- Related: $0
- Other: $24,588
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $259,000
- Related: $0
- Other: $22,745
- Compensation: $252,319
- Related: $0
- Other: $11,370
- Compensation: $276,478
- Related: $0
- Other: $18,470
- Compensation: $283,493
- Related: $0
- Other: $24,576
- Compensation: $256,919
- Related: $0
- Other: $5,874
- Compensation: $203,026
- Related: $0
- Other: $29,564
- Compensation: $210,019
- Related: $0
- Other: $42,501
Official website here: www.50can.org
Where can I find the form 990 for 50Can Inc?
50Can Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.50can.org
Learn more at the official website: www.50can.org
Mission Statement of 50Can Inc
50Can Inc, a not-for-profit organization, is dedicated to enhancing the future of American education by keeping five essential promises to the nation's children. The organization's primary objective is to improve the overall quality of public education in the United States. 50Can achieves this goal by establishing and managing state-based educational advocacy campaigns, supporting fellowships for communicators and changemakers, fostering educational innovators and entrepreneurs, and providing resources and research on effective advocacy. The organization's unwavering commitment to these promises aims to create a positive impact on the education system and contribute to a brighter future for the country's children.
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Impact
October, 2024
50Can Inc plays a crucial role in shaping the future of American education by delivering on five core promises aimed at enhancing the quality of public education. Through state-based advocacy campaigns, the organization mobilizes local communities to engage in educational reform, ensuring that the voices of families and educators are heard in the policymaking process.
In addition to advocacy, 50Can fosters a culture of innovation by supporting educational entrepreneurs and innovators. This approach not only encourages the development of new ideas but also helps implement effective solutions that meet the unique needs of various communities. The organization further strengthens its impact by offering fellowships for communicators and change-makers, empowering individuals who can drive conversations and initiatives around educational improvement.
Moreover, 50Can provides vital resources and research on effective advocacy, which aids both new and established organizations in their missions to improve education. By offering fiscal sponsorships, 50Can enables partner organizations to navigate administrative and financial challenges, allowing them to focus on their educational missions.
Overall, 50Can Inc is instrumental in fostering a collaborative and innovative environment that prioritizes the educational needs of children across the United States, ensuring that every child has access to quality education and the opportunity to succeed.
This information is meant to be a general summary of 50Can Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,307
- Program Service Revenue: $3,179,574
- Gross Receipts: $37,151,589
Assets and Liabilities:
- Total Assets: $12,137,182
- Total Liabilities: $606,936
- Net Assets: $11,530,246
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FISCAL SPONSORSHIPS
Revenue
$3,179,574
Organization Details
Founding Year
2010
Phone
(301) 458-8452Principal Officer
Marc Magee
Main Address
1380 MONROE STREET NW 413, WASHINGTON, DC, 20010
Website
www.50can.orgNTEE Category
Code: B012 - Education
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