Roc the Block Inc
Nonprofit profile at a glance
- EIN
- 932379477
- IRS 990-EZ coverage
- 2024–2024
- Forms available
- Form 990-EZ 2024
- Location
- Riverview, FL, USA
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Arts, Cultural Organizations - Multipurpose
Reported finances
- Revenue
- $59,227
- Expenses
- $61,619
- Assets
- $475
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
1 person listed
People named in this filing
- BOLAJI AJIKE (MANAGING MEM)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Mission statement: roc the block roc the block inc. Is dedicated to reconditioning communities through cultural celebration, historical education, and active community engagement. By organizing dynamic events and festivals, such as the tampa bay juneteenth festival, we honor our shared heritage, foster unity, and inspire awareness of our shared history. Our mission is to create inclusive spaces that educate, entertain, and uplift, while also empowering local businesses by providing opportunities to showcase their goods and services. Through these events, we attract tourists to local areas, contributing to the growth of the media, transportation, hospitality, and tourism sectors, and ensuring lasting economic and cultural impact for the region.
What it reported doing in 2024
Roc the block inc. Is a community-focused organization dedicated to enriching our communities through community driven initiatives and cultural festivals. They are dedicated to bringing visitors to immerse themselves in vibrant communities across the united states. They create inclusive spaces that educate while they bring the community together in a family-oriented atmosphere for kids and adults to display the rich and diverse culture of that community. Their festivals contributes to the lasting cultural impact in communities. Admission is free for the community. They active a kidzone, art district, educational programs, and much more. In 2023 3,210 attended and 2024 an increase to 13,357 guests showed up to participate.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 82
- Sustainability: 26
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -4%; rating input score 38; 38th percentile among comparable filings
- Total-asset coverage ratio: 0.01; rating input score 6; 6th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $62K in reported program spending
- Leadership: top reported pay $0 · 1 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 2 filed schedules
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Sustainability: Operating margin scored 38/100.
- High — Sustainability: Total-asset coverage ratio scored 6/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.