Nonprofit · EIN 46-1322847
RUSSELL WESTBROOK WHY NOT FOUNDATION INC
Tax-exempt · CHICAGO, IL 60606
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,720,955 | $1,721,691 | -$736 | $159,599 | $0 | $159,599 |
| December 31, 2023 | 990 | $905,051 | $1,031,185 | -$126,134 | $160,335 | $0 | $160,335 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,842,625
- Program service revenue
- $0
- Investment income
- $0
- Net income from fundraising events
- -$121,670
- Other revenue
- -$121,670
Expenses
- Grants and similar amounts paid
- $1,291,000
- Compensation of officers, directors and key employees
- $120,000
- Salaries, compensation and benefits (total)
- $129,452
- Professional fundraising fees
- $0
- Legal fees
- $562
- Travel
- $5,137
- Program services (functional)
- $1,412,211
- Management and general (functional)
- $273,627
- Fundraising (functional)
- $35,853
Balance sheet and other
- Total assets, start of year
- $160,335
- Total assets, end of year
- $159,599
- Total liabilities, end of year
- $0
- Net assets, end of year
- $159,599
- Net assets without donor restrictions
- $159,599
- Gross unrelated business income
- -$121,670
- Gross receipts
- $1,893,625
- Employees
- 1
- Volunteers
- 0
- Year formed
- 2012
- State of legal domicile
- OK
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| REGINALD MORRIS | CEO Officer | 40 | $115,385 |
| RUSSELL WESTBROOK III | PRESIDENT Trustee or director, Officer | 3 | $0 |
| RUSSELL WESTBROOK JR | SECRETARY/TREASURER Trustee or director, Officer | 3 | $0 |
| SHANNON WESTBROOK | VICE PRESIDENT Trustee or director, Officer | 3 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| REGINALD MORRIS | CEO Highest-paid employee | 40 | $119,900 |
| RUSSELL WESTBROOK III | PRESIDENT Trustee or director, Officer | 3 | $0 |
| RUSSELL WESTBROOK JR | SECRETARY/TREASURER Trustee or director, Officer | 3 | $0 |
| SHANNON WESTBROOK | VICE PRESIDENT Trustee or director, Officer | 3 | $0 |
Address and contacts
- Address (IRS master file)
- 227 W MONROE ST STE 5000, CHICAGO, IL 60606-5087
- In care of
- % NICHOLAS A SCARFONE ESQ
- Principal officer (990 for 2024)
- RUSSELL WESTBROOK III, 227 W MONROE ST STE 5000, CHICAGO, IL 60606
- Signed the 990
- RUSSELL WESTBROOK III, PRESIDENT
- Phone
- (312) 977-4330
- Website
- WWW.WHYNOTFOUNDATION.ORG
- Return prepared by
- FRANKLIN MONROE ADMINISTRATIVE SERVICES
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.
Program accomplishments
- GENERAL ASSISTANCE TO INSPIRE THE LIVES OF CHILDREN, EMPOWER THEM TO ASK "WHY NOT? AND TEACH THEM TO NEVER GIVE UP.Expenses $1,412,211 · grants $1,291,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 46-1322847
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Unknown (Z99)
- Assets (IRS master file)
- $159,599
- Income (IRS master file)
- $1,893,625
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,720,955 | $1,721,691 | $159,599 | XML |
| 990 | December 2023 | $905,051 | $1,031,185 | $160,335 | XML |
| 990 | December 2022 | $1,871,357 | $1,784,737 | $286,469 | IRS |
| 990 | December 2021 | $1,080,074 | $1,321,706 | $199,849 | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 46-1322847).
Questions about RUSSELL WESTBROOK WHY NOT FOUNDATION INC
- What is the EIN of RUSSELL WESTBROOK WHY NOT FOUNDATION INC?
- The employer identification number (EIN) of RUSSELL WESTBROOK WHY NOT FOUNDATION INC is 46-1322847.
- Is RUSSELL WESTBROOK WHY NOT FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to RUSSELL WESTBROOK WHY NOT FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does RUSSELL WESTBROOK WHY NOT FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of RUSSELL WESTBROOK WHY NOT FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did RUSSELL WESTBROOK WHY NOT FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of RUSSELL WESTBROOK WHY NOT FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names RUSSELL WESTBROOK III.
- Who are the officers and directors of RUSSELL WESTBROOK WHY NOT FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 4 people; 1 received compensation from the organization, the highest $115,385 (REGINALD MORRIS, CEO).
- How much revenue does RUSSELL WESTBROOK WHY NOT FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,720,955, expenses of $1,721,691 and total assets of $159,599 at year end.
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