Block Foundation
- Assets
- $5.9m
- Revenue
- $1.3m
- Investments
- $5.7m
- Employees
- 0
- Location
- Northville, MI
- Founding
- 01/2007
- Data as of
- 12/2021
- 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 12/2021, Block Foundation generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.4% each year . All expenses for the organization totaled $267.5k during the year ending 12/2021. While expenses have increased by 14.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Block Foundation has awarded 90 individual grants totaling $1,775,333. 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 |
|---|---|---|---|
Theresa A Snyder Secretary | 0 | $0 | |
Jeffrey T Snyder President/ Treasurer | 0 | $0 | |
Susan E Young Board Member | 0 | $0 | |
Marie T Mccormick Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $396,228 |
| Interest on Savings | $21 |
| Dividends & Interest | $107,635 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $817,871 |
| Capital Gain Net Income | $817,871 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,321,755 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $396 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $48,480 |
| Contributions, gifts, grants paid | $219,000 |
| Total expenses and disbursements | $267,480 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $179,015 |
| 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 | $5,719,991 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,899,006 |
| 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 $219,000 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
Lansing, MI PURPOSE: PROMOTION AND ADVANCEMENT OF THE MASONRY INDUSTRY AND TO FUND PART OF THE EXECUTIVE DIRECTOR/STRUCTURAL ENGINEER SEARCH AND TRAINING INITIATIVE. | $40,000 |
NEW MEXICO STATE UNIVERSITY PURPOSE: ESTABLISHMENT OF THE BLOCK FOUNDATION ENDOWED SCHOLARSHIP FOR MBA STUDENTS | $25,000 |
Novi, MI PURPOSE: SNYDER FAMILY SCHOLARSHIP FUND | $25,000 |
Algonquin, IL PURPOSE: TO ADVANCE THE MASONRY INDUSTRY THROUGH EDUCATION, RESEARCH AND TRAINING. | $25,000 |
Detroit, MI PURPOSE: PROMOTE THE HEALTH, SAFETY, AND SUPPORT OF HOMELESS AND HIGH-RISK GIRLS AND YOUNG WOMEN | $15,000 |
LASALLE VOLUNTEERS PURPOSE: RECRUITING AND SCREENING OF FUTURE LASALLIAN VOLUNTEERS, INITIAL FORMATION OF NEW LASALLIAN VOLUNTEERS, ONGOING FORMATION AND SUPPORT OF CURRENT LASALLIAN VOLUNTEERS | $12,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
George Gund Foundation Cleveland, OH | $524,945,754 | $120,923,136 |
Lumina Foundation For Education Inc Indianapolis, IN | $0 | $124,727,424 |
The Robert D And Patricia E Kern Family Foundation Inc Waukesha, WI | $717,991,169 | $43,480,423 |
The Meijer Foundation Grand Rapids, MI | $118,103,895 | $43,970,388 |
Nationwide Foundation Columbus, OH | $86,187,581 | $42,470,606 |
Ford Motor Co Fund Dearborn, MI | $173,752,828 | $51,364,996 |
Farmer Family Foundation Cincinnati, OH | $165,004,074 | $63,392,827 |
American Electric Power Foundation Columbus, OH | $61,577,266 | $10,199,855 |
Anthem Foundation Inc Indianapolis, IN | $153,394,091 | $25,472,782 |
U S Bancorp Foundation Milwaukee, WI | $68,350,907 | $6,892,078 |
Dean & Barbara White Family Foundation Inc Merrillville, IN | $792,865,434 | $81,802,743 |
Wilson Sheehan Foundation Springfield, OH | $57,339,515 | $15,119,930 |