THE WILLIAM AND LANAEA C FEATHERSTONE FOUNDATION

EIN: 263827474 501(c)(3) Education

ELLICOTT CITY, MD

Total Revenue
$224,131
Total Expenses
$249,939
Total Assets
$89,113
Net Assets
$83,320
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
MD
Principal Officer
LANAEA FEATHERSTONE
Phone
4102944055
Tax Period
2023-01-01 to 2023-12-31

THE WILLIAM AND LANAEA C FEATHERSTONE FOUNDATION, founded in 2008, is a small nonprofit in the Education sector that reported $224K in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $250K exceeded revenue, resulting in a 12% operating deficit.

Mission

THE WILLIAM & LANAEA C. FEATHERSTONE FOUNDATION, AN AWARD-WINNING NONPROFIT, HAS AN UNPARALLELED REPUTATION FOR ADVANCING ECONOMIC OUTCOMES OF UNDERSERVED COMMUNITIES. THE FOUNDATION IS ON THE FOREFRONT TACKLING UNEMPLOYMENT AND UNDEREMPLOYMENT THROUGH ITS INNOVATIVE WORKFORCE PROGRAM AND EMPOWERING FIRST-GENERATION STUDENTS TO ACHIEVE HIGHER EDUCATION THROUGH STEM, DIGITAL AND FINANCIAL LITERACY AND SCHOLARSHIPS. "THE FOUNDATION'S MISSION IS TO CREATE SUSTAINABLE SOLUTIONS TO BRIDGE THE OPPORTUNITY DIVIDE AMONG UNDERSERVED COMMUNITIES."

Program Service Accomplishments

Program 1
Expenses: $163,833

THE WILLIAM & LANAEA C. FEATHERSTONE FOUNDATION IS AN AWARD WINNING NONPROFIT (501(C)(3)) FOUNDED IN 2008 WITH AN UNAPOLOGETIC MISSION TO CREATE SUSTAINABLE SOLUTIONS TO BRIDGE THE OPPORTUNITY DIVIDE...

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THE WILLIAM & LANAEA C. FEATHERSTONE FOUNDATION IS AN AWARD WINNING NONPROFIT (501(C)(3)) FOUNDED IN 2008 WITH AN UNAPOLOGETIC MISSION TO CREATE SUSTAINABLE SOLUTIONS TO BRIDGE THE OPPORTUNITY DIVIDE FOR UNDERSERVED COMMUNITIES. OVER THE PAST 16 YEARS, THE FEATHERSTONE FOUNDATION'S WORK HAS ADVANCED ECONOMIC EQUITY. THE FOUNDATION HAS BEEN ON THE FOREFRONT EMPLOWERING FIRST GENERATION STUDENTS TO ACHIEVE ACADEMIC EQUITY IN HIGHER EDUCATION AND TACKLING UNDEREMPLOYMENT AND UNEMPLOYMENT THROUGH OUR INNOVATIVE PROGRAMS. THROUGH OUR EDUCATION INITIATIVES, THE FEATHERSTONE SCHOLARSHIP PROGRAMS HAS AWARDED OVER $403,000 IN SCHOLARSHIPS TO STUDENTS WHO NOW ATTEND 13 INSTITUTIONS. THIS SCHOLARSHIP AIMS TO MITIGATE FINANCIAL BARRIERS TO HIGHER EDUCATION AND PROVIDE UNDERSERVED COMMUNITIES WITH ACCESS TO ADDITIONAL FUNDING TO PURSUE HIGHER EDUCATION. "EMPOWERING LATINOS, ONE CLICK AT A TIME," EQUIPS SPANISH-SPEAKING PARTICIPANTS WITH THE TRAINING, TOOLS, AND RESOURCES TO FILL THE DIGITAL DIVIDE.OUR WORKFORCE DEVELOPMENT PROGRAM, REACHING NEW HIEIGHTS, HELPS COMMUNITIES RECEIVE HIGHER PAYING JOBS IN THE FINANCIAL SERVICES INDUSTRY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $224,131
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $224,131

Expense Breakdown

Grants Paid $53,698
Salaries & Benefits $88,528
Fundraising Expenses $0
Program Expenses $163,833
Other Expenses $107,713
TOTAL EXPENSES $249,939

Year-over-Year Comparison

2023 2022 Change
Revenue $224,131 $179,490 +0.2%
Expenses $249,939 $194,783 +0.3%
Net Income $-25,808 $-15,293 +0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
4
Employees
5
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$59,942
Total Directors
5
$59,942
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHNNY YATACO BOARD MEMBER 1.00
Director
$0 $0 $0
WILLIAM FEATHERSTONE BOARD MEMBER 1.00
Director
$0 $0 $0
PETER SAVAGE BOARD MEMBER 1.00
Director
$0 $0 $0
LANAEA FEATHERSTONE FOUNDER 12.00
Officer Director
$30,000 $0 $30,000
JULIANA LOPEZ EXECUTIVE DIRECTOR 15.00
Officer Director
$29,942 $0 $29,942
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $224,131 $249,939 $89,113 $-25,808
2022 $179,490 $194,783 $110,002 $-15,293
2021 $241,205 $233,896 $126,165 $7,309
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