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Nonprofiteer
← RUSSELL WESTBROOK WHY NOT FOUNDATION INC

Form 990 for tax year 2023

Filed by RUSSELL WESTBROOK WHY NOT FOUNDATION INC.

Totals

Total revenue
$905,051
Total expenses
$1,031,185
Contributions and grants received
$864,885
Grants paid
$715,000
Program service revenue
$0
Investment income
$0
Other revenue
$40,166
Total assets, end of year
$160,335
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$160,335
Program services expenses (Part IX)
$829,417
Management and general expenses
$170,652
Fundraising expenses
$31,116
Program service expenses (Part III)
$829,417

Program services were 80.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $153,011

  • 1f · All other contributions, gifts and grants

    $711,874

  • 8a · Fundraising events: gross income

    $209,550

  • 8a · Fundraising events: contributions included on line 1c

    $153,011

  • 8b · Fundraising events: direct expenses

    $169,384

  • 8c · Net income from fundraising events

    total $40,166 · unrelated business $40,166

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $715,000 · program services $715,000

  • 5 · Compensation of officers, directors and key employees

    total $115,286 · program services $28,822 · management and general $57,643 · fundraising $28,821

  • 10 · Payroll taxes

    total $9,180 · program services $2,295 · management and general $4,590 · fundraising $2,295

  • 11g · Fees: other

    total $93,105 · management and general $93,105

  • 12 · Advertising and promotion

    total $15,000 · program services $15,000

  • 13 · Office expenses

    total $2,223 · management and general $2,223

  • 17 · Travel

    total $767 · management and general $767

  • 23 · Insurance

    total $601 · management and general $601

  • 24a · Other expenses: CHRISTMAS TOY DRIVE

    total $30,780 · program services $30,780

  • 24b · Other expenses: THANKSGIVING EVENT

    total $25,017 · program services $25,017

  • 24c · Other expenses: BASKETBALL CAMPS

    total $12,503 · program services $12,503

  • 24d · Other expenses: POSTAGE AND DELIVERY

    total $5,201 · management and general $5,201

  • 24e · All other expenses

    total $6,522 · management and general $6,522

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $264,875 · end of year $136,869

  • 14 · Intangible assets

    beginning of year $21,594 · end of year $23,466

  • 27 · Net assets without donor restrictions

    beginning of year $286,469 · end of year $160,335

Mission and programs · 2023

Mission

SEE SCHEDULE 0THE MISSION OF THE FOUNDATION IS TO INSPIRE THE LIVES OF CHILDRESN, EMPOWER THEM TO ASK "WHY NOT AND TEACH THEM TO NEVER GIVE UP. THE FOUNDATION WORKS TO HELP CHILDREN THAT ARE FACING HARDSHIPS OF ANY KIND AND WHEN FACED WITH THAT ADVERSITY FIGHT TO SUCCEED AND TO NEVER GIVE UP. THE FOUNDATION IS DEDICATED TO SUPPORTING COMMUNITY-BASED EDUCATION AND FAMILY SERVICE PROGRAMS WHILE ENCOURAGING YOUTH TO BELIEVE IN THEMSELVES.

Activities or mission (Part I)

SEE SCHEDULE 0

  • GENERAL ASSISTANCE TO INSPIRE THE LIVES OF CHILDREN, EMPOWER THEM TO ASK "WHY NOT? AND TEACH THEM TO NEVER GIVE UP.

    Expenses $829,417 · Grants $715,000

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • RUSSELL WESTBROOK III

    PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • RUSSELL WESTBROOK JR

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    3

  • SHANNON WESTBROOK

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • REGINALD MORRIS

    CEO

    Total calculated
    $119,900
    From this org
    $119,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202443209349315364

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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