Civic Intelligence

Four Block Foundation Inc.

990 • Fiscal year 2020 • EIN 46-3575713

Jan 01, 2020 to Dec 31, 2020 • Filed on Oct 06, 2021

230 Park Avenue 29th FloorNew York, NY 10169

(518) 929-0519

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

57th percentile

0.14x

Higher debt load relative to assets than 57% of similar nonprofits.

2020 filings • NTEE J • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

66th percentile

0.17x

Higher debt load relative to revenue than 66% of similar nonprofits.

2020 filings • NTEE J • $1M-$5M nonprofits • Source year 2020

Net Margin

60th percentile

12%

Higher net margin than 60% of similar nonprofits.

2020 filings • NTEE J • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

64th percentile

$163,140

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 6.8% of source-year revenue.

2020 filings • NTEE J • $1M-$5M nonprofits • Source year 2020

Asset Growth

78th percentile

30%

Faster asset growth than 78% of similar nonprofits.

2020 filings • NTEE J • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

13th percentile

-22%

Faster revenue growth than 13% of similar nonprofits.

2020 filings • NTEE J • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$3,027,663

Up $702,692 (+30%) from 2019

Net Assets

Up

$2,613,173

Up $295,981 (+13%) from 2019

Liabilities

Up

$414,490

Up $406,711 (+5228%) from 2019

Revenue

Down

$2,390,376

Down $672,782 (-22%) from 2019

Expenses

Down

$2,094,395

Down $207,213 (-9.0%) from 2019

Net Income

Down

$295,981

Down $465,569 (-61%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2013: $50,500Liabilities 2013: $0Net Assets 2013: $50,5002013Assets 2014: $150,217Net Assets 2014: $150,2172014Assets 2015: $377,143Liabilities 2015: $0Net Assets 2015: $377,1432015Assets 2016: $723,828Liabilities 2016: $0Net Assets 2016: $723,8282016Assets 2017: $741,277Liabilities 2017: $6,515Net Assets 2017: $734,7622017Assets 2018: $1,572,271Liabilities 2018: $16,629Net Assets 2018: $1,555,6422018Assets 2019: $2,324,971Liabilities 2019: $7,779Net Assets 2019: $2,317,1922019Assets 2020: $3,027,663Liabilities 2020: $414,490Net Assets 2020: $2,613,1732020Assets 2021: $2,669,375Liabilities 2021: $512,416Net Assets 2021: $2,156,9592021Assets 2022: $4,713,378Liabilities 2022: $147,685Net Assets 2022: $4,565,6932022Assets 2023: $3,297,277Liabilities 2023: $171,231Net Assets 2023: $3,126,0462023Assets 2024: $2,647,170Liabilities 2024: $180,961Net Assets 2024: $2,466,2092024

Highlighted filing

2020

Assets$3,027,663
Liabilities$414,490
Net Assets$2,613,173

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2013: $50,500Expenses 2013: $0Net Income 2013: $50,5002013Revenue 2014: $140,103Expenses 2014: $40,386Net Income 2014: $99,7172014Revenue 2015: $384,807Expenses 2015: $157,881Net Income 2015: $226,9262015Revenue 2016: $707,424Expenses 2016: $360,739Net Income 2016: $346,6852016Revenue 2017: $1,009,406Expenses 2017: $998,472Net Income 2017: $10,9342017Revenue 2018: $2,685,236Expenses 2018: $1,864,356Net Income 2018: $820,8802018Revenue 2019: $3,063,158Expenses 2019: $2,301,608Net Income 2019: $761,5502019Revenue 2020: $2,390,376Expenses 2020: $2,094,395Net Income 2020: $295,9812020Revenue 2021: $2,550,639Expenses 2021: $3,006,853Net Income 2021: -$456,2142021Revenue 2022: $4,550,708Expenses 2022: $2,141,974Net Income 2022: $2,408,7342022Revenue 2023: $1,305,430Expenses 2023: $2,751,539Net Income 2023: -$1,446,1092023Revenue 2024: $3,074,669Expenses 2024: $3,720,514Net Income 2024: -$645,8452024

Highlighted filing

2020

Revenue$2,390,376
Expenses$2,094,395
Net Income$295,981
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Oct 6, 2021
Return Version
2020v4.0
Gross Receipts
$2,390,376
Mission and Program Overview

Mission

We support, educate, and prepare returning enlisted service members with pursuing meaningful careers that capitalize on their interests, strengths, and capabilities. We also assist and advise employers with attracting and on-boarding veterans that are a skills and cultural match at their companies. Our mantra is "the right veteran, the right career."

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$727,771$1,147,463▲ $419,692
Accounts Receivable$420,000$960,800▲ $540,800
Land, Buildings, and Equipment, Net$1,177,200$915,600▼ $261,600
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$2,324,971$3,027,663▲ $702,692
Other Assets Total-$3,800-
Liabilities
Mortgage Notes Payable Secured by Investment Property-$310,245-
Accounts Payable and Accrued Expenses$7,779$104,245▲ $96,466
Total Liabilities$7,779$414,490▲ $406,711
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,317,192$1,652,373▼ $664,819
Net Assets With Donor Restrictions-$960,800-
Total Net Assets Fund Balance$2,317,192$2,613,173▲ $295,981
Total Liabilities and Net Assets / Fund Balance$2,324,971$3,027,663▲ $702,692

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$915,600$393,778-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael Abrams non votingPresidentFT$159,157$3,983$163,140

Board Members and Trustees

NameTitle
Bill MurrayChairman
Darren SumterDirector
Jo Ann RossDirector
Lindsey PollakDirector
Missy OwensDirector
Charles Krulak non votingHonorary Chrman
Rich StehlSecretary
Rick MinersTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,390,376
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$2,390,376
Change in Net Assets
$295,981

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Other Non Cash Contri Table1$229,500
Total Noncash Contributions1$229,500

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,390,376
Total Revenue per Audited Statements
$2,390,376
Total Revenue per Form 990
$2,390,376
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,205,280
Other Expenses$889,115
Total Fundraising Expense$68,119
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$778,696$51,913$34,608$865,217
Depreciation Depletion$196,200$65,400-$261,600
Payroll Taxes$159,231$10,615$7,077$176,923
Current Officers, Directors, Trustees, and Key Employees$146,826$9,788$6,526$163,140
Fees for Services Other$104,937$23,611$2,623$131,171
Advertising$63,931-$15,983$79,914
Travel$17,152$1,906-$19,058
Office Expenses$11,396$1,341$670$13,407
Information Technology$6,476$1,619-$8,095
Insurance-$6,927-$6,927
Other Expenses$3,939$463$232$4,634
Interest-$3,558-$3,558
All Other Expenses$615$154-$769
Total Functional Expenses$1,837,250$189,026$68,119$2,094,395

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,094,395
Total Expenses per Audited Statements$2,094,395
Total Expenses per Form 990$2,094,395
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

990 is presented to the board by the auditors. It is then reviewed at length and approved before filing.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Board meetings take place regularly to ensure compliance

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The board conducts meetings to discuss and approve the hiring of all top management positions

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

The board conducts meetings to discuss and approve the salaries and rates of all management positions and contractors

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Four Block Foundation Inc
EIN
46-3575713
Phone
5189290519
Address
230 Park Avenue 29th Floor, New York, NY 10169

Signing Officer

Name
Rick Miners
Title
Treasurer
Signed
2021-10-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rick Miners
Formed
2013
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
7
Employees
40

Preparer

Firm
Morse and Company Cpas
Address
505 8th Ave, New York, NY 10018
Preparer
Dexter A Morse CPA
Phone
2127652200
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IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/FundraisingAmt0670
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01341
IRS990/OfficeExpensesGrp/ProgramServicesAmt011396
IRS990/OfficeExpensesGrp/TotalAmt013407
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt03800
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Direct Program Expense
IRS990/OtherExpensesGrp/Desc1Bank Charges
IRS990/OtherExpensesGrp/Desc2Dues and Subscriptions
IRS990/OtherExpensesGrp/Desc3Printing and Publications
IRS990/OtherExpensesGrp/FundraisingAmt0400
IRS990/OtherExpensesGrp/FundraisingAmt1232
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt010931
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1800
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2463
IRS990/OtherExpensesGrp/ProgramServicesAmt0341047
IRS990/OtherExpensesGrp/ProgramServicesAmt16804
IRS990/OtherExpensesGrp/ProgramServicesAmt23939
IRS990/OtherExpensesGrp/TotalAmt0341047
IRS990/OtherExpensesGrp/TotalAmt110931
IRS990/OtherExpensesGrp/TotalAmt28004
IRS990/OtherExpensesGrp/TotalAmt34634
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt034608
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt051913
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0778696
IRS990/OtherSalariesAndWagesGrp/TotalAmt0865217
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt07077
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt010615
IRS990/PayrollTaxesGrp/ProgramServicesAmt0159231
IRS990/PayrollTaxesGrp/TotalAmt0176923
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Rick Miners
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt03063158
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01584453
IRS990/PYRevenuesLessExpensesAmt0761550
IRS990/PYSalariesCompEmpBnftPaidAmt0717155
IRS990/PYTotalExpensesAmt02301608
IRS990/PYTotalRevenueAmt03063158
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0295981
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02159826
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0916289
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01935236
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01009406
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0707424
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt06728181
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt06728181
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02159826
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0916289
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01935236
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01009406
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0707424
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt06728181
IRS990ScheduleA/TotalSupportAmt06728181
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt0915600
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0393778
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt01309378
IRS990ScheduleD/ExpensesSubtotalAmt02094395
IRS990ScheduleD/RevenueSubtotalAmt02390376
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0915600
IRS990ScheduleD/TotalExpensesPerForm990Amt02094395
IRS990ScheduleD/TotalRevenuePerForm990Amt02390376
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02390376
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02094395
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0159157
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt03983
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Michael Abrams non voting
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0President
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0163140
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt01
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt0229500
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0990 is presented to the board by the auditors. It is then reviewed at length and approved before filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Board meetings take place regularly to ensure compliance
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The board conducts meetings to discuss and approve the hiring of all top management positions
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The board conducts meetings to discuss and approve the salaries and rates of all management positions and contractors
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02324971
IRS990/TotalAssetsEOYAmt03027663
IRS990/TotalAssetsGrp/BOYAmt02324971
IRS990/TotalAssetsGrp/EOYAmt03027663
IRS990/TotalCompGreaterThan150KInd0true

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