The Blocker Foundation
- Assets
- $109.7m
- Revenue
- $1.5m
- Investments
- $105.9m
- Employees
- 0
- Location
- Suffolk, VA
- Founding
- 05/1983
- Data as of
- 12/2023
- EIN
- 54-1217447
Organization Overview
The Blocker Foundation is located in Suffolk, VA. The organization was established in 1983. 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. Blocker 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 12/2023, Blocker Foundation generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 43.8% each year . All expenses for the organization totaled $5.4m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Blocker Foundation has awarded 337 individual grants totaling $7,939,985. 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 |
|---|---|---|---|
John E Bissett Treasurer | 1 | $12,500 | |
William H George Secretary | 1 | $12,500 | |
Fredrick V Martin Vice President | 1 | $12,500 | |
Whitney G Saunders President | 1 | $242,800 | |
Reginald Corinaldi Board Member | 1 | $12,500 | |
Sarah Taylor Grants Manager | 40 | $129,005 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $452,523 |
| Interest on Savings | $2 |
| Dividends & Interest | $2,242,756 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,384,524 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $185,939 |
| Total Revenue | $1,496,696 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $292,800 |
| Other employee salaries and wages | $214,281 |
| Pension plans, employee benefits | $13,712 |
| Interest | $0 |
| Taxes | $80,712 |
| Depreciation | $0 |
| Occupancy | $20,701 |
| Travel, conferences, and meetings | $4,609 |
| Printing and publications | $31,784 |
| Other expenses | $83,552 |
| Total operating and administrative expenses | $989,439 |
| Contributions, gifts, grants paid | $4,431,261 |
| Total expenses and disbursements | $5,420,700 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,505,717 |
| Savings and temporary cash investments | $2,347,615 |
| 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 | $94,591,005 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $109,737,664 |
| 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, The Blocker Foundation has awarded $4,995,838 in support to 65 organizations.
| Grant Recipient | Amount |
|---|---|
SUFFOLK CHRISTIAN FELLOWSHIP CENTER PURPOSE: GENERAL OPERATING | $69,239 |
BON SECOURS HAMPTON ROADS FOUNDATION PURPOSE: GENERAL OPERATING | $30,000 |
THE HAMPTON ROADS WORKFORCE FOUNDATION PURPOSE: GENERAL OPERATING | $100,000 |
VIRGINIA FOUNDATION FOR COMMUNITY PURPOSE: GENERAL OPERATING | $123,200 |
COMMUNITIES IN SCHOOLS OF HAMPTON ROADS PURPOSE: GENERAL OPERATING | $48,440 |
ALBEMARLE AREA UNITED WAY PURPOSE: GENERAL OPERATING | $30,000 |