The William and Lanaea C Featherstone Foundation

Nonprofit profile at a glance

EIN
263827474
IRS 990 coverage
2022–2024
Forms available
Form 990 2024, Form 990-EZ 2020
Location
Ellicott City, MD, USA
Phone
4102944055
Rating
72
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Adult, Continuing Education

Official website

Reported finances

Revenue
$150,415
Expenses
$197,798
Assets
$35,937
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • JULIANA LOPEZ (EXECUTIVE DIRECTOR)

Highest reported compensation

  • LANAEA FEATHERSTONE (FOUNDER): $32,500 total reported compensation
  • JULIANA LOPEZ (EXECUTIVE DIRECTOR): $3,436 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The william & lanaea c. Featherstone foundation, an award-winning 501c3 nonprofit, empowers economically challenged communities by providing sustainable solutions for higher education, workforce development, and digital inclusion (stem), ultimately fostering long-term economic mobility and bridging the opportunity gap. Our mission is to create sustainable pathways to economic independence through education. For the past 17 years, we have been able to offer scalable solutions that empower communities to thrive.

What it reported doing in 2024

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 economically challenged communities. Over the past 17 years, the featherstone foundation's work has advanced economic equity. The foundation has been on the forefront empowering 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 $466,000 in scholarships to students who now attend 13 institutions. This scholarship aims to mitigate financial barriers to higher education and provide economically challenged 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 heights, helps communities receive higher paying jobs in the financial services industry.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 63% for direct work, and 37% for grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 66
  • Transparency & Controls: 94
  • Accountability: 65
  • Sustainability: 19
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 81.3%; rating input score 81
  • Program expense ratio: 61.8%; rating input score 62
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 80%; rating input score 80; 21st percentile among comparable filings
  • Governance controls: 4 of 9 controls in place; rating input score 44
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -31.5%; rating input score 9; 9th percentile among comparable filings
  • Total-asset coverage ratio: 0.18; rating input score 10; 10th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
  • Officer compensation ratio: 18.2%; rating input score 21; 21st percentile among comparable filings

Growth

  • Program expense growth: -6.1% per year; rating input score 0; 15th percentile among comparable filings
  • Revenue growth: 11.2% per year; rating input score 100; 75th percentile among comparable filings
  • Asset growth: 13.5% per year; rating input score 100; 74th percentile among comparable filings

Details

  • Where the money goes: 81.3% of revenue deployed · 61.8% of spending went to programs
  • Governance: 4 of 5 board members independent · 4 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $122K in reported program spending
  • Leadership: top reported pay $32K · 5 people listed
  • Consistency: 27 of 27 current checks pass
  • Schedules: 5 filed schedules · includes major donors and grants
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Accountability: Governance controls: 4 of 8 not reported.
  • High — Sustainability: Operating margin scored 9/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 10/100.
  • High — Sustainability: Officer compensation ratio scored 21/100.