Overview
What is The Bloc?
The Bloc is a nonprofit organization situated in Chicago, Illinois, specifically at 1345 N Karlov Ave. Their primary mission is to enhance the future of Chicago's youth and communities by utilizing the sport of boxing. They accomplish this by providing various resources and opportunities, including athletic training, academic support, mentorship, college visits, and cultural field trips. The youth who participate in The Bloc have shown remarkable achievements, as they have maintained a 100% high school graduation and college acceptance rate. Moreover, The Bloc extends its reach beyond its own programs by distributing a substantial amount of fresh produce and household items to the local community. With a team of 10 dedicated individuals, The Bloc is committed to making a positive impact in Chicago.
Official website here: www.theblocchicago.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
The Bloc has achieved an impressive 96% rating from Charity Navigator, indicating a strong commitment to accountability and financial health. This rating reflects the organization's exemplary governance, with 88% of its board members being independent and a well-structured oversight committee that received full points. The charity’s fiscal responsibility is further highlighted by a low liabilities to assets ratio of just 2.42%, showing robust financial management.
Additionally, The Bloc exhibits a commendable program expense ratio of 72.59%, meaning a significant majority of its expenditures are directed towards its mission-related programs. The organization maintains transparency with critical policies such as conflict of interest and whistleblower protections clearly posted and adhered to. These factors contribute to its high rating and trustworthiness among donors and stakeholders.
While the data presents a very positive picture of The Bloc, potential supporters should remain cognizant of the broader context in which the organization operates. As with any nonprofit, continuous engagement and monitoring of its activities and impact are essential to ensure sustained effectiveness and responsiveness to community needs. Overall, The Bloc stands out as a well-managed nonprofit poised to make a meaningful difference.
This AI summary has been generated from information found on Charity Navigator.
Is The Bloc legitimate?
The Bloc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Bloc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $87,583
Professional Fundraising Fees: $0
Other Salaries and Wages: $321,347
For more financial information, click here
Official website here: www.theblocchicago.org
What is the mission statement of The Bloc?
The Bloc's mission is centered around improving the future of communities by utilizing the sport of boxing. This organization provides resources and opportunities for Chicago's youth, aiming to foster their growth and development. Through collaborative efforts, they offer athletic training, academic support, mentorship, and educational experiences. The participants of The Bloc have shown remarkable success, with a 100% high school graduation and college acceptance rate. Additionally, The Bloc extends its reach beyond the boxing ring, contributing to the local community by distributing fresh produce and household items.
Official website here: www.theblocchicago.org
Who is the CEO of The Bloc?
Jaymle Cannon is the Principal Officer of The Bloc.
Official website here: www.theblocchicago.org
What is the revenue of The Bloc?
The Bloc's revenue in 2022 was $956,972.
Official website here: www.theblocchicago.org
Who are the executives of The Bloc and what are their salaries?
The average compensation at The Bloc during 2022 was $40,893. There are 10 employees and 45 volunteers at The Bloc.
Here are 9 key members and their salaries:
- Compensation: $87,583
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Official website here: www.theblocchicago.org
Where can I find the form 990 for The Bloc?
The Bloc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.theblocchicago.org
Learn more at the official website: www.theblocchicago.org
Mission Statement of The Bloc
The Bloc, a nonprofit organization, aims to enhance Chicago's future by utilizing the sport of boxing as a medium to offer resources and opportunities to the city's youth and communities. Their mission is centered around improving the lives of young individuals, providing them with athletic training, academic support, mentorship, and college visit opportunities. The Bloc's dedication extends beyond boxing, as they also organize field trips to cultural institutions and attractions, aiming to broaden the horizons of their participants.
The organization's efforts have yielded significant results. With a strong focus on education, The Bloc boasts a 100% high school graduation and college acceptance rate among its fighters. In addition to their academic achievements, The Bloc also extends its reach into the local community by distributing substantial amounts of fresh produce and household items. This holistic approach to community development allows The Bloc to positively impact the lives of Chicago's youth and families, contributing to a brighter future for all.
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Impact
July, 2024
The Bloc's impact is significant in improving Chicago's future by using the sport of boxing to provide resources and opportunities to the city's youth and communities. Through its programs, The Bloc has been able to partner with 220 youth, offering athletic training, academic support, mentorship, college visits, and field trips to various cultural institutions and attractions. It is notable that fighters in The Bloc have maintained a 100% high school graduation and college acceptance rate. Additionally, leveraging its relationships with youth, The Bloc has distributed over 70,000 pounds of fresh produce and various household items to the local community. This demonstrates the organization's commitment to serving and empowering underserved communities in Chicago.
This information is meant to be a general summary of The Bloc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$653
- Gross Receipts: $960,777
Assets and Liabilities:
- Total Assets: $445,810
- Total Liabilities: $18,650
- Net Assets: $427,160
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Organization Details
Founding Year
2016
Phone
(773) 395-1363Principal Officer
Jaymle Cannon
Main Address
1345 N Karlov Ave, Chicago, IL, 60651
Website
www.theblocchicago.orgNTEE Category
Code: P30 - Human services
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