Featherston Foundation Inc
- Assets
- $862.6k
- Revenue
- $44.3k
- Investments
- $832.0k
- Employees
- 0
- Location
- York, ME
- Founding
- 05/2000
- Data as of
- 12/2023
- EIN
- 54-1985894
Organization Overview
Featherston Foundation Inc is located in York, ME. The organization was established in 2000. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Featherston 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 12/2023, Featherston Foundation Inc generated $44.3k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $56.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Featherston Foundation Inc has awarded 124 individual grants totaling $476,850. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel E Eubank President | 6 | $0 | |
Kirk F Jordan Secretary | 6 | $0 | |
Jonathan F Eubank Dr Director | 4 | $0 | |
Gerard S Rugel ESQ Agent | 4 | $0 | |
Stephen G Eubank Dr Treasurer | 12 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $136 |
| Dividends & Interest | $783 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $19,189 |
| Capital Gain Net Income | $19,189 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $24,169 |
| Total Revenue | $44,277 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $395 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $9,502 |
| Contributions, gifts, grants paid | $46,500 |
| Total expenses and disbursements | $56,002 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $30,587 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $818,307 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $862,556 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Featherston Foundation Inc has awarded $46,500 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
ARC OF NORTHERN VA PURPOSE: PROVIDING ADVOCACY & DIRECT SERVICES FOR FAMILIES | $4,000 |
BLUE RIDGE PANTRY PURPOSE: HELP PROVIDE FOOD | $1,500 |
CENTRAL METHODIST UNIVERSITY PURPOSE: UNIV FOR TEACHING AND LEARNING ABOUT AUTISTIC ST | $4,000 |
CORNERSTONES INC-LAUREL LEARNING PURPOSE: SELF SUFFICIENCY FOR THOSE IN NEED | $3,000 |
VIRGINIA DOWNS SYNDROME ASSOCIATION PURPOSE: EDUCATE ADVOCATE AWARENESS & UNDERSTANDING | $7,000 |
FEATHERSTON LIVING MEMORIAL SCHOLAR PURPOSE: SCHOLARSHIP | $8,000 |