Russell Westbrook Why Not Foundation Inc
- Assets
- $441.5k
- Revenue
- $489.0k
- Investments
- $0.0
- Employees
- 1
- Location
- Los Angeles, CA
- Founding
- 07/2014
- Data as of
- 12/2020
- EIN
- 46-1322847
Organization Overview
Russell Westbrook Why Not Foundation Inc is located in Los Angeles, CA. The organization was established in 2014. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Russell Westbrook Why Not Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Russell Westbrook Why Not Foundation Inc generated $489.0k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $799.1k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE FOUNDATION IS TO INSPIRE THE LIVES OF CHILDREN, 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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THANKSGIVING - FOUNDATION HOSTED A THANKSGIVING EVENT ON 11/19/2020. RUSSELL ALONG WITH HIS FAMILY AND FRIENDS SERVED ABOUT 1,000 MEALS.
CHRISTMAS - FOUNDATION WORKED WITH DIFFERENT ORGANIZATIONS TO BRING OVER CHILDREN TOGETHER FOR THE CHRISTMAS PARTY WHERE THEY RECEIVED A SURPRISE VISIT FROM WESTBROOK. THE KIDS WERE ENTERTAINED BY A DJ, SANTA CLAUS, GAMES, FOOD AND A PHOTO STATION. EVERY CHILD IN ATTENDANCE RECEIVED A BACKPACK, JORDAN SNEAKERS AND AN AUTOGRAPHED PHOTO OF RUSSELL. THE EVENT IN LA PROVIDED SHOES TO APPROXIMATELY 380 STUDENTS AND TEACHERS. THE EVENT IN DC PROVIDED SHOES AND BACKPACKS TO 342 STUDENTS.
GENERAL ASSISTANCE IN INSPIRE THE LIVES OF CHILDREN, EMPOWER THEM TO ASK "WHY NOT?- AND TEACH THEM TO NEVER GIVE UP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Reginald Morris CEO | 40 | $124,615 | |
Russell Westbrook III President | OfficerTrustee | 3 | $0 |
Shannon Westbrook Vice Preside | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $363,551 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $363,551 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $125,459 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $489,010 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $505,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $124,615 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,424 |
| Fees for services: Management | $1,879 |
| Fees for services: Legal | $2,699 |
| Fees for services: Accounting | $1,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $99,978 |
| Advertising and promotion | $0 |
| Office expenses | $10,710 |
| Information technology | $3,000 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $12,529 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,213 |
| All other expenses | $600 |
| Total functional expenses | $799,094 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $441,481 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $441,481 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $441,481 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $441,481 |
Grants Awarded
Over the last fiscal year, Russell Westbrook Why Not Foundation Inc has awarded $505,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Los Angeles, CA | | $250,000 |
Los Angeles, CA | | $110,000 |
Houston, TX | | $100,000 |
Houston, TX | | $20,000 |
REDFLIGHT PURPOSE: EDUCATIONAL KITS | $15,000 |
Rosenberg, TX | | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Russell Westbrook Why Not Foundation Inc has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
The Wilke Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $7,500 |
Wasserman Foundation Los Angeles, CA PURPOSE: RUSSELL WESTBROOK WHY NOT? FOUNDATION POKER NIGHT | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Terros Inc Phoenix, AZ | $47,004,822 | $84,266,385 |
Community Research Foundation Inc San Diego, CA | $20,745,009 | $77,081,989 |
Independent Order Of Odd Fellows San Jose, CA | $263,514,735 | $67,258,563 |
Gallo Employee Benefit Trust Modesto, CA | $5,341,212 | $62,468,490 |
Arizona Behavioral Health Corporation Phoenix, AZ | $19,459,678 | $40,892,493 |
Turning Point Usa Inc Phoenix, AZ | $7,306,560 | $39,843,289 |
Central City Community Health Center Monterey Park, CA | $37,966,009 | $52,273,838 |
Koret Foundation San Francisco, CA | $515,520,670 | $39,088,314 |
South Coast Childrens Society Inc Mission Viejo, CA | $13,233,032 | $36,840,141 |
Partnerships To Uplift Communities Valley Burbank, CA | $45,863,273 | $39,395,312 |
Lake County Tribal Health Consortium Inc Lakeport, CA | $69,377,072 | $39,633,665 |
Child And Family Service Ewa Beach, HI | $20,885,160 | $29,767,300 |