Ira Block Foundation Inc
- Assets
- $305.0k
- Revenue
- $82.6k
- Investments
- $148.1k
- Employees
- 0
- Location
- West Mystic, CT
- Founding
- 04/2002
- Data as of
- 12/2022
- EIN
- 22-3770758
Organization Overview
Ira Block Foundation Inc is located in West Mystic, CT. The organization was established in 2002. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Ira Block Foundation Inc 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, Ira Block Foundation Inc generated $82.6k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $366.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Ira Block Foundation Inc has awarded 125 individual grants totaling $445,797. 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 |
|---|---|---|---|
Peter Block President | 0 | $0 | |
Cathy Ellen Kramer Vice President | 0 | $0 | |
Margaret Rogers Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,500 |
| Interest on Savings | $124 |
| Dividends & Interest | $6,156 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $72,033 |
| Capital Gain Net Income | $72,033 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,799 |
| Total Revenue | $82,612 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,416 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $27,761 |
| Total operating and administrative expenses | $33,927 |
| Contributions, gifts, grants paid | $332,411 |
| Total expenses and disbursements | $366,338 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $132,307 |
| 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 | $13,800 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $102 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $127,977 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $10,750 |
| Total assets | $305,035 |
| 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, Ira Block Foundation Inc has awarded $221,407 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
MEDIA WORKING GROUP PURPOSE: UNRESTRICTED USE - GENERAL OPERATIONS | $10,000 |
ELEMENTZ PURPOSE: UNRESTRICTED USE - GENERAL OPERATIONSUNRESTRICTED USE - GENERAL OPERATIONS | $21,480 |
CINCINNATI PUBLIC RADIO PURPOSE: UNRESTRICTED USE - GENERAL OPERATIONS | $2,000 |
OTRCH PURPOSE: UNRESTRICTED USE - GENERAL OPERATIONS | $4,610 |
OHIO JUSTICE & POLICY CENTER PURPOSE: UNRESTRICTED USE - GENERAL OPERATIONS | $6,000 |
WOMEN'S FUND GREATER CINCINNATI FOUNDATION PURPOSE: UNRESTRICTED USE - GENERAL OPERATIONS | $1,000 |