Russell Wilson. Citing a statement from Seattle Children's the partnership has led to more than $10 million in donations. You can say, Oh, theyre super talented. Thats fine. When he is not wearing the Kansas Red and Gold, he can be spotted proudly sporting the Red and White of Manchester United, or the iconic Red Bull Blue. Seattle Seahawks quarterback Russell Wilson, on behalf of his Why Not You Foundation, presented a check during the Thursday night Seahawks-Cowboys preseason game at CenturyLink Field for. Andrew Morton, a nonprofit oversight attorney, told USA Today that he thinks there is a high probability the IRS could penalize the foundation for excessive benefits. Chiefly, Wilson earned $90 million from his various endeavors. The top three executives in Why Not You account for $441,000 in expenses. Especially when his personal entourage of coaches and trainers are no longer standing with him. Russ goes to the children's hospital all the time. Bear in mind that contributions to politicians can also be made through Political Action Committees. To do so, the Wilsons formed a 501(c)(3) tax-exempt organization to aid that fight. A ranging report from USA Today published on Wednesday outlined that Wilson's "Why Not You? This ratio is an indicator of an organizations solvency and/or long-term sustainability. Learn more about the BMF on the IRS website, Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi) (BMF foundation code: 15), Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations). Russell Wilson has not commented on the story or addressed the issue on his Twitter feed. Only contributions to Democrats and Republicans or liberal and conservative outside groups are included in calculating the percentages the donor has given to either party. Brey celebrates last Notre Dame home game with shot of whiskey at South Bend dive bar, No. The charitys federal tax returns list only three voting members of its governing body, including Wilson, the president, who is unpaid. He did not explain what context he believed to be missing or ask further questions when contacted by The Republic. While Tom Brady and Phil Mickelson play a charity golf match against Peyton Manning and Tiger Woods, Russell Wilson called into the broadcast to offer a wager- if any of the players hit their tee shot to within 12 feet of the hole on the par 3 16th, he would donate 100,000 meals. Thats the end of the discussion.. But, spent nearly twice as much, $1.1 million, on salaries and employee benefits, according to the report citing federal tax records. For example, the annual Wilson Celebrity Invitational, which includes a golf tournament, concert and auction, reportedly raised $2.6 million in 2019 alongside Safeway/Albertsons grocery stores to benefit pediatric cancer research at Seattle Childrens Hospital. @JasonWolf exposed the truth. Monetary Make financial donations by check or credit card. However, his wealth has grown even faster than he has donated money. Nonprofit executive paid more than $200,000 per year also worked for the Wilson family office, raising legal questions, experts said. As a rookie, he led the Seahawks to an 11-5 record and a trip to the playoffs. However, this past year, he has only proven to be an expensive mistake. These guidelines foster good record keeping procedures that promote data integrity. Dies geschieht in Ihren Datenschutzeinstellungen. Regarded as the world's most successful investor, the Berkshire Hathaway chairman. JavaScript is disabled. Mark Rodgers, Wilsons attorney and sports agent, negotiated the contracts and told USA Today that he believes both employees were "paid appropriately based on their talent, experience and the knowledge they were bringing to us." Form 990 federal tax returns from the nonprofit's inception through 2021 show it reported $7.5 million in revenue and $7 million in expenses during its first eight years of existence. Photo: Getty. The report also revealed Wilsons nonprofit often touts the impact of partnerships, rather than its proportional contribution. The Why Not You Foundation did not immediately respond to a request for comment about ways the nonprofit will keep learning, growing and getting better. Russell Wilson is an American professional football player who has a net worth of $165 million. Broncos quarterback Russell Wilson and his wife Ciara sent a large donation to an online fundraiser originally started in 2020 by injuried Bills safety Damar Hamlin. The Why Not You Foundation donated $78,000 to Seattle Childrens Hospital in 2019, according to tax records, a fraction of the $2.6 million check presented. This means Wilson can expect some sharp changes in the building, which he cannot leave unnoticed. Also Read: Super Bowl LVII Official Merchandise: When, Where & How To Buy? . Here's why. As a result, the Accountability & Finance score for Russell Wilson Foundation is outdated and the overall rating may not be representative of its current operations. That's better than nothing. This chart displays the trend of revenue and expenses over the past several years for this organization, as reported on their IRS Form 990. Why Not You Foundation executive director Shayla Tait released a written statement Wednesday that Wilson echoed almost exactly. Those are the things that havent really been highlighted and talked about, but I just want to highlight those things.. The Comeback: Todays Top Sports Stories & Reactions. I just gotta say something. The Internal Revenue Service does not reveal whether a nonprofit is under investigation or the results of any such investigation, an IRS spokesperson said. The couple established the the Russell Wilson Foundation, colloquially known as the Why Not You Foundation, in 2014 with a mission to empower change in the world, one individual at a time and one child at a time.. The foundations Chief Financial Officer, Scott Pickett, says, Millions of dollars in funds raised by the Why Not You Foundation go through our partners who can deliver that money where it is needed more directly. Wilson, in his video statement, continued to tout the impact of third-party fundraising by partner organizations, which nonprofit experts said does not justify the Why Not You Foundations salaries. Wilson has had an MVP-like season with the Seahawks in 2020, and he has his eyes set on winning another Super Bowl title. Now it's miles better than Wilson's "charity". Well because the source doesnt claim he stole money. This charity's score is 21%, earning it a Zero-Star rating. As good as advertised in Durant's debut in Phoenix. According to the article of the $7MM in the foundation $2MM went to salaries, and $2MM went to other administrative costs. The NFL and NFL Players Association have yet to comment on the report. The Republic's sports investigative reporter Jason Wolf speaks with Charity Watch's Laurie Styron about issues that can arise when the NFL's most-honored players start their own charity nonprofits. His move from Seattle to Denver was supposed to be a fruitful one for him and the Broncos. Scott Pickett, the foundation's CFO who is also the president of Wilsons brand management and production company, made around $60,000 per year for part-time work. Nonprofits act in the public trust and reporting publicly on activities is an important component. Billionaire Warren Buffett has donated another $4.1bn (2.9bn) worth of Berkshire Hathaway shares to charity. What to know:Walter Payton NFL Man of the Year award: The league's top honor. Donate. The foundation also reportedly exaggerated how much money it was responsible for bringing in. Also Read: How much do NFL cheerleaders earn? https://lnkd.in/gRR3xX-B. Super Bowl LVII Official Merchandise: When, Where & How To Buy. But Safeway/Albertsons has collected nearly $10 million for its Strong Against Cancer campaign from customers in grocery store checkout lines, the company confirmed, while the Why Not You Foundation donated $836,000 to the cause from 2014-21, according to its tax records. Denver Broncos quarterback Russell Wilson was placed under scrutiny after the findings of a six-month USA Today investigation alleged that his Why Not You foundation, which helped Wilson win the Walter Payton NFL Man of the Year award in 2020, spent twice as much money on its employees as it contributed to charitable activities. And with those partnerships weve been fortunate to be able to drive over $10-plus-millions of dollars for pediatric cancer and for education and for hunger prevention and so much more., We will always care more about impact than credit @WhyNotYouFdn https://t.co/B2nWmiSVCE pic.twitter.com/1dOsEAR1v7. We recognize that not all metrics and beacons equally predict a charitys success. The Why Not You Foundation is a nonprofit dedicated to education, children's health and fighting poverty, while empowering today's youth to embrace a why not you attitude. Scott Pickett, the foundation's CFO who is also the president of Wilsons brand management and production company, made around $60,000 per year for part-time work. Donation: $10,000 Along with his wife, Brandi, Washington Capitals goaltender Braden Holtby donated $5,000 to Black Lives Matter D.C. That ratio of charity-to-staff ratios - for a non-service-providing nonprofit - is appalling. And the Why Not You Foundation looks as bad as any. But also, too, were going to keep serving. spent twice as much money on its employees as it contributed to charitable activities. The investigation revealed that Wilsons organization only spent 24.3 cents of every dollar donated to the foundation on charitable activities in 2020 and 2021. In total Russ' foundation received $7.5M in revenue in through 2021, but only reported $2.8M being passed on to any charitable activities. wide-ranging, five-part investigative story, spent nearly half its money in those years on employee compensation. Reports: Broncos trade for Seahawks QB Russell Wilson From proceeds on a clothing line to auctioning off cleats, and more, Wilson has focused on children in underserved communities. The Liabilities to Assets Ratio is determined by Total Liabilities divided by Total Assets (most recent 990). The Why Not You Foundation, by comparison, has never ended a year with $1 million in assets, according to tax records. He has made a strong case for the MVP during the 2020 season, and through seven games, the Seahawks have a 6-1 record. Russell Wilson and Ciara donated $10,000 to Damar Hamlin's toy drive, and the QB's foundation donated an additional $3,333. Honestly its insane they allow such large gaps between charity dollars to Staff. For example: The nonprofit claims that its partnership with Safeway/Albertsons grocery stores has helped to raise more than $10 million for pediatric cancer research at Seattle Childrens Hospital. Unless he's just given up on his public image. We leverage finance and accountability data from it to form Encompass ratings. Russ' entire persona taking a nose dive in the last like 12 months has been crazy to watch. Foundation" had only donated approximately 40 percent of its earnings to charity, But Morton believes that isn't a truthful argument when it comes to the nonprofit space. It may not display this or other websites correctly. According to federal tax records obtained by USA Today, the. Millions of dollars in funds raised by the Why Not You Foundation go through our partners who can deliver that money where it is needed more directly, Pickett wrote in a statement to USA Today. DENVER Denver Broncos quarterback Russell Wilson spoke out for the first time Saturday on reports about how much money from his foundation actually goes to charity. This is absurd. And to be able to also partner with some amazing, amazing brands. A Mechanical Engineering graduate, his debating stints from his college days have become part and parcel of his life. The nonprofit, which reported $1.2 million in annual expenses in 2020 and 21, spent nearly half its money in those years on employee compensation, which included more than $200,000 per year for an executive who also worked for Ciara and Russell Wilsons family office, which was not reported on tax records, the nonprofit confirmed. Why did their nonprofits often spend so little on charity? Wilson can beat you in numerous ways. The charity hoax is still going strong. As of June 2020, Gates' net worth was estimated at roughly than . Serious questions were raised about the Why Not You Foundation when a six-month investigation by The USA TODAY Network was published. Read the IRS policies for compensation reporting, Learn more about the BMF on the IRS website, Click here to search for this organization's Forms 990 on the IRS website, Expected to complete an audit, review, or compilation, No expectation (removed from scoring methodology), Zero Points for Both Program Expense AND Liabilities to Assets Scores. As of now, the charity has only given the hospital $836,000 in total. As of now, the charity has only given the hospital $836,000 in total. No where in there does the word steal appear. And I also want to highlight the fact that were going to keep learning. The Republics series and its immediate fallout was covered by several news organizations, especially in Denver and Seattle, where Wilson has spent his NFL career. Any way it goes, itll be interesting to see how Wilson deals with all this. All rights reserved. to try again. This measure reflects the percent of its total expenses a charity spends on the programs and services it exists to deliver. The 9News story included clear misunderstandings about the nonprofit sector, a mischaracterization of The Republics investigation and inaccurate information. Tom Brady, Russell Wilson Among NFL Stars Who Donated to Damar Hamlin's Charity Through Week 18 of the NFL, Damar Hamlin's toy drive has exceeded $8.5 million since his collapse during. The nonprofits highest-paid employee received $78,000 that year, according to tax records. Charity Navigator looks for a website on the Form 990 as an accountability and transparency metric. In an email to USA Today, Millions of dollars in funds raised by the Why Not You Foundation go through our partners who can deliver that money where it is needed more directly, Scott Pickett, CFO of the foundation, wrote. should be laws in place that charities have to reach a threshold of where at least 60% of dollars goes to charitable things. They can't deceive you or lie about: The fundraiser's connection to the charity. Rich people and their charity grift to put their friends on the celebrity face collects the money, all the employees are friends, exorbiant fees and salaries, then any left over money they just re-donate it to a real charity who knows how to spend it. I just want to highlight those things year award: the fundraiser & x27. The last like 12 months has been crazy to watch his Twitter.! Had an MVP-like season with the Seahawks to an 11-5 record and a trip to the Foundation also exaggerated... 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