2024-11-15T13:28:15-06:00 2023-12-31 872525370 CITRIN COOPERMAN ADVISORS LLC 11155 RED RUN BLVD STE 410 OWINGS MILLS MD 21117 990 2023-01-01 263827474 THE WILLIAM AND LANAEA C FEATHERSTONE FOUNDATION WILL 4102944055 11101 RESORT ROAD 107 ELLICOTT CITY MD 21042 LANAEA FEATHERSTONE FOUNDER 4102944055 2024-11-15 1 0 DOUGLAS RUSSENBERGER P01338068 4104159700 2024-11-15 2023 2024-10-15 13:58:12Z LANAEA FEATHERSTONE 11101 RESORT ROAD 107 ELLICOTT CITY MD 21042 224131 0 X WWW.THEFEATHERSTONEFOUNDATION.ORG X 2008 MD 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." 5 4 5 0 0 0 179490 224131 0 0 0 0 0 0 179490 224131 59000 53698 0 0 74367 88528 0 0 0 61416 107713 194783 249939 -15293 -25808 110002 89113 4851 5793 105151 83320 X 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." 0 0 163833 53698 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. 163833 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 8 0 1 5 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 4 1 0 0 0 0 0 0 1 1 0 0 0 1 0 0 1 1 0 0 0 MD X LANAEA FEATHERSTONE 4102944055 11101 RESORT ROAD 107 ELLICOTT CITY MD 21042 JOHNNY YATACO BOARD MEMBER 1.00 X 0 0 0 WILLIAM FEATHERSTONE BOARD MEMBER 1.00 X 0 0 0 PETER SAVAGE BOARD MEMBER 1.00 X 0 0 0 LANAEA FEATHERSTONE FOUNDER 12.00 X X 30000 0 0 JULIANA LOPEZ EXECUTIVE DIRECTOR 15.00 X X 29942 0 0 59942 0 0 0 0 0 0 0 11187 212944 15000 224131 224131 0 0 0 X 53698 53698 59592 27902 31690 22935 10739 12196 6001 2810 3191 44583 22252 22331 7068 3530 3538 14525 9963 4562 22458 19763 2695 7125 3976 3149 8824 8671 153 424 424 DUES AND SUBSCRIPTIONS 1871 529 1342 LICENSES AND FEES 688 0 688 BANK SERVICE CHARGES 147 0 147 249939 163833 86106 0 103238 62477 5705 26000 2119 1483 1059 636 110002 89113 4851 5793 4851 5793 X -4902 83320 110053 0 105151 83320 110002 89113 -25808 3976 1 0 X 0 1 X 0 0 X 134411 164425 241205 179490 224131 943662 134411 164425 241205 179490 224131 943662 943662 943662 1.00000 1.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2119 1483 636 636 X 228107 3976 3976 224131 0 224131 249939 0 249939 0 249939 PART X, LINE 2: THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THAT GUIDANCE, THE FOUNDATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITIONS. THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022. THE FOUNDATION FILES FEDERAL AND STATE INFORMATION RETURNS. THE FOUNDATION'S FEDERAL FORM 990 REMAINS OPEN FOR THREE YEARS FOR FEDERAL AND STATE EXAMINATION. 1 COLLEGE SCHOLARSHIP PROGRAM 30 53698 PART I, LINE 2: ONCE STUDENTS HAVE BEEN SELECTED, THE FEATHERSTONE FOUNDATION WILL TRANSFER THE FUNDS DIRECTLY TO THE STUDENTS' ACCOUNTS AT OUR PARTNER INSTITUTIONS. NO FUNDS WILL BE TRANSFERRED DIRECTLY TO THE STUDENTS. THIS POLICY ENSURES THAT THE FULL SCHOLARSHIP AMOUNT HAS BEEN RECEIVED BY THE UNIVERSITY AND APPLIED TO THE STUDENTS' ACCOUNT TO COVER THE COSTS OF TUITION AND FEES. FORM 990, PART VI, SECTION A, LINE 2 WILLIAM FEATHERSTONE AND LANAEA FEATHERSTONE ARE BOTH BOARD MEMBERS AND OFFICERS OF THE ORGANIZATION AND ARE HUSBAND AND WIFE. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS PREPARED BY EXTERNAL ACCOUNTANTS AND A DRAFT OF THE RETURN IS PROVIDED TO THE FOUNDER OF THE ORGANIZATION, WHO IS ALSO A MEMBER OF THE BOARD OF DIRECTORS. PRIOR TO THE RETURN BEING FILED, THE FOUNDER OF THE ORGANIZATION HAS THE OPPORTUNITY TO REVIEW THE RETURN, ASK QUESTIONS AND PROPOSE CHANGES BE MADE TO THE RETURN. AFTER THE RETURN IS FILED, THE RETURN IS PROVIDED TO THE OTHER MEMBERS OF THE BOARD OF DIRECTORS AS PART OF THEIR BOARD MEETING MATERIALS. FORM 990, PART VI, SECTION C, LINE 19 THE CHARITY MAY UPON REQUEST MAKE ITS ORGANIZATIONAL AND FINANCIAL DOCUMENTS AVAILABLE FOR INSPECTION. THE TIME AND MANNER OF ANY INSPECTION WILL BE AT THE FOUNDATIONS LOCATION UNLESS OTHERWISE AGREED UPON. FORM 990, PART IX, LINE 11G CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 22,252. MANAGEMENT AND GENERAL EXPENSES 22,331. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 44,583.