FourBlock Foundation
Meets Standards
Standards For Charity Accountability
Governance
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Board Oversight
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Board Size
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Board Meetings
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Board Compensation
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Conflict of Interest
Measuring Effectiveness
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Effectiveness Policy
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Effectiveness Report
Finances
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Program Expenses
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Fundraising Expenses
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Accumulating Funds
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Audit Report
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Detailed Expense Breakdown
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Accurate Expense Reporting
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Budget Plan
Fundraising & Info
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Truthful Materials
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Annual Report
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Website Disclosures
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Donor Privacy
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Cause Marketing Disclosures
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Complaints
FourBlock Foundation meets the 20 Standards for Charity Accountability.
Stated Purpose:
Our mission is to equip veterans and military spouses to successfully transition to meaningful civilian careers. Our vision is to build a national professional network where transitioning veterans and military spouses can connect locally and attain the skills, resources, and relationship-building opportunities necessary to reach their career potential.
Year, State Incorporated:
2013, NY
The FourBlock Career Readiness Program is a semester-long program that provides the professional development, career exploration, and network that today's generation of veterans need to be competitive for great careers.
We offer our program twice a year in major metropolitan cities across the country during each fall and spring academic semester. Our veterans join a cohort and meet once a week for ten weeks to receive over thirty hours of in-person lectures, networking events, and practical application. Furthermore, one-on-one mentorship is provided to each veteran in order to address personal transition and career search strategies.
Their Career Readiness Program is taught by associate and guest lecturers who are professionals and senior executives from leading companies. This ensures that our veterans can begin building their professional and senior executives from leading companies. This ensures that our veterans can begin building their professional network during the program, while also ensuring that they are receiving course content that is current with the latest career readiness and hiring practices.
Upon completion of the program, our veterans emerge with a personalized career search strategy, an improved ability to communicate their military experiences, a better understanding of corporate culture, and a professional network to build upon. All FourBlock alumni are offered follow-on support in the form of continued FourBlock career counseling and access to all FourBlock networking events nationwide.
For veterans who do not have a program near their city, FourBlock provides career counseling services on a case-by-case basis.
For the year ended December 31, 2022, FourBlock Foundation's program expenses were:
| Programs | $2,802,446 |
| Total Program Expenses | $2,802,446 |
Chief Executive
Michael Abrams, Founder/Executive Director
Chair of the Board
Mr. Darren Sumter, Global Accounts Manager
Chair's Profession / Business Affiliation
Board Size
7
Paid Staff Size
50
Method(s) Used:
Invitations to fund raising events, Grant proposals, Internet, Appeals via Social Media (Facebook, etc.)
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on FourBlock Foundation's audited financial statements for the year ended December 31, 2022.
Source of Funds
| Grants | $4,030,124 |
| Contributions of nonfinancial assets | $1,283,940 |
| PPP loan forgiveness | $201,399 |
| Contributions of cash and other financial assets | $158,013 |
| Employee Retention Credit income | $147,539 |
| Other revenue | $13,633 |
| Total Income | $5,834,648 |
Programs: 82% Fundraising: 6% Administrative: 12%
| Total Income | $5,834,648 |
| Total expenses: | $3,425,914 |
| Program expenses | $2,802,446 |
| Fundraising expenses | $203,839 |
| Administrative expenses | $419,629 |
| Other expenses | $0 |
| Income in Excess of Expenses | $2,408,734 |
| Beginning Net Assets | $2,156,959 |
| Other Changes In Net Assets | $0 |
| Ending Net Assets | $4,565,693 |
| Total Liabilities | $147,685 |
| Total Assets | $4,713,378 |
An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.
This report is not to be used for fundraising or promotional purposes.
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Standards Not Met
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Review in Progress
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Unable to Verify
Report completed by:
BBB Foundation of Metropolitan New York