William And Lanaea C Featherstone Foundation Inc
- Assets
- $126.2k
- Revenue
- $241.2k
- Investments
- $0.0
- Employees
- 4
- Location
- Ellicott City, MD
- Founding
- 05/2009
- Data as of
- 12/2021
- EIN
- 26-3827474
Organization Overview
William And Lanaea C Featherstone Foundation Inc is located in Ellicott City, MD. The organization was established in 2009. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 12/2021, William And Lanaea C Featherstone Foundation Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. William And Lanaea C Featherstone 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 12/2021, William And Lanaea C Featherstone Foundation Inc generated $241.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.9% each year . All expenses for the organization totaled $233.9k during the year ending 12/2021. While expenses have increased by 12.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
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."
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE AWARD-WINNING WILLIAM & LANAEA C. FEATHERSTONE FOUNDATION HAS BEEN ON THE FOREFRONT EMPOWERING FIRST-GENERATION STUDENTS TO ACHIEVE HIGHER EDUCATION AND TACKLING UNEMPLOYMENT AND UNDEREMPLOYMENT THROUGH ITS INNOVATIVE WORKFORCE AND CERTIFICATION PROGRAMS. TO DATE, THE FEATHERSTONE FOUNDATION HAS SERVED BLACK, BROWN, AND LATINX FAMILIES, AS WELL AS HUNDREDS OF IMMIGRANT FAMILIES FROM 29 COUNTRIES WHO SPEAK OVER 40 LANGUAGES. THROUGH OUR EDUCATION INITIATIVES, THE FEATHERSTONE SCHOLARSHIP PROGRAMS HAS AWARDED OVER $156,000 THROUGH 72 SCHOLARSHIPS TO STUDENTS FROM UNDERREPRESENTED COMMUNITIES FROM 19 COUNTRIES WHO NOW ATTEND 11 INSTITUTIONS. THIS SCHOLARSHIP AIMS TO MITIGATE FINANCIAL BARRIERS TO HIGHER EDUCATION AND PROVIDE UNDERSERVED COMMUNITIES WITH ACCESS TO ADDITIONAL FUNDING TO PURSUE HIGHER EDUCATION. THROUGH OUR WORKFORCE PROGRAMS: OUR FLAGSHIP WORKFORCE DEVELOPMENT PROGRAM, REACHING NEW HEIGHTS, HELPS CANDIDATES FROM UNDERREPRESENTED COMMUNITIES TO RECEIVE PROMISING CAREERS IN THE FINANCIAL SERVICES INDUSTRIES. OUR GRADUATES EARN BETWEEN $9,000 AND $42,000 MORE IN WAGES, PLUS BENEFITS. TO DATE, THE PROGRAM HAS SERVED NEARLY 70 PARTICIPANTS FROM 24 COUNTRIES WHO SPEAK 35 LANGUAGES. OUR INAUGURAL INSURANCE CERTIFICATION PROGRAM, BUILDING PATHWAYS POSITIONS HIGH SCHOOL GRADUATES TO RECEIVE INSURANCE CERTIFICATIONS AND HELPS THEM LAND PROMISING CAREERS AT STATE FARM AS LICENSED INSURANCE PROFESSIONALS. THE FEATHERSTONE CORPORATE INTERNSHIP PROGRAM PROVIDES ECONOMIC OPPORTUNITIES FOR STUDENTS FROM UNDERREPRESENTED COMMUNITIES. AS A RESULT OF OUR PROGRAM, STUDENTS RECEIVE PAID, 15-WEEK PROFESSIONAL INTERNSHIPS SUPPORTED BY THE FEATHERSTONE FOUNDATION. OUR PROGRAM MITIGATES STUDENT-REPORTED CHOICES BETWEEN UNPAID FIELDWORK OR PAID POSITIONS WITHOUT PROFESSIONAL GAINS. AS A RESULT OF OUR PROGRAMS, THE FEATHERSTONE FOUNDATION CONTINUES ITS DEEP COMMITMENT TO PROVIDING SOLUTIONS THAT CHANGE THE LIVES OF UNDERREPRESENTED AND UNDERSERVED COMMUNITIES IN BALTIMORE CITY AND THE SURROUNDING AREAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lanaea Featherstone Founder | OfficerTrustee | 25 | $30,000 |
Luis Botello Board Member | Trustee | 1 | $0 |
William Featherstone Board Member | Trustee | 2 | $0 |
Johnny Yataco Board Member | Trustee | 1 | $0 |
Peter Savage Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,685 |
| All other contributions, gifts, grants, and similar amounts not included above | $225,520 |
| Noncash contributions included in lines 1a–1f | $15,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $241,205 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $241,205 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $54,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $30,000 |
| Compensation of current officers, directors, key employees. | $9,300 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $50,551 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,321 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $50,200 |
| Advertising and promotion | $9,185 |
| Office expenses | $5,595 |
| Information technology | $23,931 |
| Royalties | $0 |
| Occupancy | $3,216 |
| Travel | $0 |
| 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 | $424 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $233,896 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $89,917 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $34,765 |
| 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 | $1,483 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $126,165 |
| Accounts payable and accrued expenses | $5,721 |
| 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 | $5,721 |
| Net assets without donor restrictions | $7,498 |
| Net assets with donor restrictions | $112,946 |
| 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 | $126,165 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that William And Lanaea C Featherstone Foundation Inc has recieved totaling $80,017.
| Awarding Organization | Amount |
|---|---|
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $30,000 |
Annie E Casey Foundation Baltimore, MD PURPOSE: PROVIDE GENERAL OPERATING SUPPORT | $25,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $25,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $17 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Carlos Rosario International Public Charter School Washington, DC | $40,034,612 | $31,340,985 |
Management Leadership For Tomorrow Washington, DC | $53,416,960 | $49,396,463 |
Civic Nation Washington, DC | $14,143,972 | $26,153,225 |
Lundeberg Maryland Seamanship School Inc Camp Springs, MD | $45,157,117 | $7,542,637 |
Conservative Partnership Institute Washington, DC | $31,688,292 | $45,707,730 |
The Council For Professional Recognition Washington, DC | $70,372,041 | $16,997,488 |
Iuoe Training And Education Center Inc Washington, DC | $150,888,644 | $4,876,068 |
Umbc Training Enterprises Inc Columbia, MD | $4,982,165 | $14,677,321 |
Briya Public Charter School Washington, DC | $25,664,437 | $15,256,943 |
Council For A Strong America Washington, DC | $10,213,790 | $6,648,495 |
American Board For Certification In Orthotics & Prosthetics Inc Alexandria, VA | $27,674,862 | $8,130,856 |
International Womens Forum Washington, DC | $15,476,406 | $6,642,996 |