Block Foundation
- Assets
- $5.6m
- Revenue
- $99.8k
- Investments
- $5.3m
- Employees
- 0
- Location
- Northville, MI
- Founding
- 01/2007
- Data as of
- 12/2022
- EIN
- 20-5848397
Organization Overview
Block Foundation is located in Northville, MI. The organization was established in 2007. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Block Foundation 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 12/2022, Block Foundation generated $99.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (20.3%) each year. All expenses for the organization totaled $377.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Block Foundation has awarded 111 individual grants totaling $1,876,333. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey T Snyder President/ Treasurer | 0 | $0 | |
Theresa A Snyder Secretary | 0 | $0 | |
Marie T Mccormick Board Member | 0 | $0 | |
Susan E Young Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $400,000 |
| Interest on Savings | $1,163 |
| Dividends & Interest | $130,564 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$431,940 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $99,787 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $24,880 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $73,791 |
| Contributions, gifts, grants paid | $304,000 |
| Total expenses and disbursements | $377,791 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $289,981 |
| Savings and temporary cash investments | $0 |
| 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 | $5,268,124 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,558,105 |
| 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, Block Foundation has awarded $304,000 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
ALTERNATIVES FOR GIRLS PURPOSE: PROMOTE THE HEALTH, SAFETY, AND SUPPORT OF HOMELESS AND HIGH-RISK GIRLS AND YOUNG WOMEN | $20,000 |
AMERICAN CANCER SOCIETY OF MICHIGAN PURPOSE: FUNDING CANCER RESEARCH AND SUPPORTING PATIENTS | $7,500 |
CAPUCHIN SOUP KITCHEN PURPOSE: PROVIDE FOOD AND CLOTHING TO THE POOR. | $10,000 |
CATHOLIC CHARITIES OF SOUTHEAST MICHIGAN PURPOSE: TO PROVIDE PEOPLE WITH FOOD, PLACE FOSTER CHILDREN WITH FAMILIES AND SUPPORT INDIVIDUALS OVERCOMING ADDICTION | $10,000 |
DETROIT CATHOLIC CENTRAL HIGH SCHOOL PURPOSE: SNYDER FAMILY SCHOLARSHIP FUND | $50,000 |
FORGOTTEN HARVEST PURPOSE: PROVIDE FOOD TO FOOD-INSECURE FAMILIES IN THE METRO DETROIT AREA | $10,000 |