William and Lanaea C Featherstone Foundation Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
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.
- Income
- $150,415
- Spending
- $197,798
- Spent on programs
- 62%
- Reserves
- 2.2 months of spending
- Largest source of income
- donations and private grants, 100%
- Employees
- 5
- Volunteers
- 0
- Highest pay
- $32,500, founder
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Weak: 38 out of 100. Higher than 8% of charities in its peer group (education, under $250k).
Reserves
10 of 35Spendable reserves would cover 2.2 months of spending.
Debt
20 of 20It owes 0% of what it owns.
Living within its means
0 of 15Spending exceeded income by 32% of income.
Income trend
0 of 15Income fell 33% on the year before.
Spending floor
8 of 1562% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Good: 82 out of 100. Higher than 81% of charities in its peer group (education, under $250k).
Independent board
25 of 254 of 5 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
0 of 10Did not give the board a copy of this return before filing it.
Pay set independently
0 of 5Reports no independent review process for its chief executive's pay.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $122,256 spent. 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.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since May 2009.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.