50# = 22.67kg
Waterproof measurements are based off a 1×1" square test space and how many mm of standing water it will support. Let's assume you put all 50# on 1"x1", which is obviously not true but neither is the 50# the exact weight before water was forced through. Large grains of salt here.
So if we assume there was a 50# water column before it started leaking through a 1in^2 section, that's 22.67L water, or 22,670,000 cubic mm. Now we remove the 1in^2 part of that cubic numeral to get the height of the water column:
1in = 25.4mm
25.4mm^2 = 645.16mm^2
Xmm (waterproof rating) * 645.16mm^2 (fabric test area) = 22,670,000mm^3
X = 22,670,000mm^3/645.16mm^2
X = 35,138.5mm
That puts it about a little more waterproof than eVent based on some numbers I gathered a long time ago.
(http://mitchchesney.tumblr.com/post/23514043641/the-rain-shell-lie)
If you want the exact waterproofiness you need to know A) the exact weight when water seeps through and B) the planar area of the weight applied to the fabric (>1in^2)
edit: you say you used a 5×15" board but the wet spot looks circular, so I suspect you have a pinhole or microtear. But for grins and giggles 468.5mm is the recalculated value based on your board size. Obviously this is NOT the correct waterproof rating because that's the equivalent of a couple coffee filters :)