Nonprofit · EIN 26-3827474
WILLIAM AND LANAEA C FEATHERSTONE FOUNDATION INC
Tax-exempt · ELLICOTT CITY, MD 21042
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $150,415 | $197,798 | -$47,383 | $35,937 | $0 | $35,937 |
| December 31, 2023 | 990 | $224,131 | $249,939 | -$25,808 | $89,113 | $5,793 | $83,320 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $150,415
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $45,000
- Compensation of officers, directors and key employees
- $35,936
- Other salaries and wages
- $15,543
- Salaries, compensation and benefits (total)
- $55,315
- Professional fundraising fees
- $0
- Legal fees
- $762
- Occupancy
- $4,907
- Travel
- $911
- Depreciation
- $514
- Program services (functional)
- $122,256
- Management and general (functional)
- $75,542
Balance sheet and other
- Total assets, start of year
- $89,113
- Total assets, end of year
- $35,937
- Total liabilities, end of year
- $0
- Net assets, end of year
- $35,937
- Land, buildings and equipment
- $122
- Net assets without donor restrictions
- $35,937
- Gross receipts
- $150,415
- Employees
- 5
- Volunteers
- 0
- Year formed
- 2008
- State of legal domicile
- MD
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LANAEA FEATHERSTONE | FOUNDER Trustee or director, Officer | 12 | $32,500 |
| JULIANA LOPEZ | EXECUTIVE DIRECTOR Trustee or director, Officer | 15 | $3,436 |
| JOHNNY YATACO | BOARD MEMBER Trustee or director | 1 | $0 |
| WILLIAM FEATHERSTONE | BOARD MEMBER Trustee or director | 1 | $0 |
| PETER SAVAGE | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LANAEA FEATHERSTONE | FOUNDER Trustee or director, Officer | 12 | $30,000 |
| JULIANA LOPEZ | EXECUTIVE DIRECTOR Trustee or director, Officer | 15 | $29,942 |
| JOHNNY YATACO | BOARD MEMBER Trustee or director | 1 | $0 |
| WILLIAM FEATHERSTONE | BOARD MEMBER Trustee or director | 1 | $0 |
| PETER SAVAGE | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 11101 RESORT ROAD SUITE 107, ELLICOTT CITY, MD 21042-2086
- Principal officer (990 for 2024)
- JULIANA LOPEZ, 11101 RESORT ROAD 107, ELLICOTT CITY, MD 21042
- Signed the 990
- JULIANA LOPEZ, EXECUTIVE DIRECTOR
- Phone
- (410) 294-4055
- Return prepared by
- CITRIN COOPERMAN ADVISORS LLC
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.
Program accomplishments
- 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.Expenses $122,256 · grants $45,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 26-3827474
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2009
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B60)
- Assets (IRS master file)
- $35,937
- Income (IRS master file)
- $150,415
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $150,415 | $197,798 | $35,937 | IRS |
| 990 | December 2023 | $224,131 | $249,939 | $89,113 | XML |
| 990 | December 2022 | $179,490 | $194,783 | $110,002 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 26-3827474).
Questions about WILLIAM AND LANAEA C FEATHERSTONE FOUNDATION INC
- What is the EIN of WILLIAM AND LANAEA C FEATHERSTONE FOUNDATION INC?
- The employer identification number (EIN) of WILLIAM AND LANAEA C FEATHERSTONE FOUNDATION INC is 26-3827474.
- Is WILLIAM AND LANAEA C FEATHERSTONE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
- Are donations to WILLIAM AND LANAEA C FEATHERSTONE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WILLIAM AND LANAEA C FEATHERSTONE FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of WILLIAM AND LANAEA C FEATHERSTONE FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WILLIAM AND LANAEA C FEATHERSTONE FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of WILLIAM AND LANAEA C FEATHERSTONE FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names JULIANA LOPEZ.
- Who are the officers and directors of WILLIAM AND LANAEA C FEATHERSTONE FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 5 people; 2 received compensation from the organization, the highest $32,500 (LANAEA FEATHERSTONE, FOUNDER).
- How much revenue does WILLIAM AND LANAEA C FEATHERSTONE FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $150,415, expenses of $197,798 and total assets of $35,937 at year end.
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