Business Leadership Organized For Catholic Schools

Organization Overview

Business Leadership Organized For Catholic Schools, operating under the name Blocs, is located in King Of Prussia, PA. The organization was established in 2009. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 06/2023, Blocs employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Blocs 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 06/2023, Blocs generated $115.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 30.1% each year . All expenses for the organization totaled $76.9m during the year ending 06/2023. While expenses have increased by 21.0% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2014, Blocs has awarded 2,218 individual grants totaling $335,488,659. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

BLOCS BRIDGES THE BUSINESS COMMUNITY AND INDIVIDUALS WITH SCHOOLS IN PENNSYLVANIA TO ESTABLISH FINANCIAL ASSISTANCE TO FAMILIES IN NEED, BOLSTER SCHOOL INFRASTRUCTURES, AND EXPAND EDUCATIONAL OPPORTUNITIES FOR FAMILIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PENNSYLVANIA BUSINESSES AND INDIVIDUAL TAXPAYERS HAVE PARTICIPATED IN THE EITC, OSTC AND PRE-K TAX CREDIT PROGRAMS OFFERED BY THE STATE DEPARTMENT OF COMMUNITY AND ECONOMIC DEVELOPMENT (DCED). THE SIGNIFICANT CONTRIBUTIONS AND PARTICIPATION PROVIDED BY THESE BUSINESSES AND INDIVIDUALS ALLOWED BLOCS TO AWARD OVER 17,000 CATHOLIC AND PRIVATE SCHOOL SCHOLARSHIPS TO NUMEROUS COUNTIES IN PENNSYLVANIA FOR FAMILIES IN FINANCIAL NEED. FOR THIS YEAR, BLOCS HAS WORKED WITH CLOSE TO 200 BUSINESSES AND OVER 1,700 INDIVIDUAL TAXPAYERS TO TAKE ADVANTAGE OF OVER $110 MILLION IN TAX CREDITS. HOWEVER, THE NEED FOR ADDITIONAL FINANCIAL ASSISTANCE REMAINS SIGNIFICANT AS BLOCS RECEIVED OVER 30,000 APPLICATIONS AND OVER $100 MILLION DOLLARS IN QUALIFIED NEED. BLOCS THROUGH THE SCHOLARSHIP COMMITTEE HAS ESTABLISHED AN EMERGENCY SCHOLARSHIP PROGRAM WHICH REVIEWS EMERGENCY REQUESTS FOR FINANCIAL ASSISTANCE FOR FAMILIES BASED ON EXTENUATING CIRCUMSTANCES THAT GREATLY AFFECT A FAMILY'S INCOME AND ABILITY TO PAY FOR EDUCATION. FOR THE CURRENT YEAR, BLOCS PROVIDED SUPPORT OF APPROXIMATELY $1.2 MILLION FOR APPROXIMATELY 1,000 STUDENTS. BLOCS HAS ALSO DEVELOPED THE URBAN ENDOWMENT INITIATIVE TO SUSTAIN TARGETED SCHOOLS IN POOR AND LOW PERFORMING SCHOOL DISTRICT AREAS. UNDER THIS INITIATIVE, NINE SCHOOLS WORK WITH BLOCS TO ADOPT SUCCESSFUL PRACTICES IN MARKETING AND MANAGEMENT. THE SCHOOLS MAINTAIN AN OPEN ENROLLMENT POLICY AND BLOCS ASSISTS THE SCHOOLS TO HELP MEET OPERATIONAL NEEDS THROUGH ENDOWMENT DISTRIBUTIONS. FOR THE CURRENT YEAR THIS SUPPORT TOTALED APPROXIMATELY $1 MILLION.


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Board, Officers & Key Employees

Name (title)Compensation
Brian Mcelwee
Director
$0
Francis Van Kirk
Director
$0
Daniel Astolfi
Director
$0
Charlie Bernier
Director
$0
Jerry Buckley
Director
$0
Sean P Fahey
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$250,031
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$110,782,103
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$111,032,134
Total Program Service Revenue$0
Investment income $4,185,265
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$69,443
Net Income from Fundraising Events -$103,341
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $115,044,615

Grants Awarded

Over the last fiscal year, Business Leadership Organized For Catholic Schools has awarded $73,554,481 in support to 307 organizations.

Grant RecipientAmount

ALL SAINTS CATHOLIC

PURPOSE: SCHOLARSHIPS

$20,000

ARCHBISHOP CARROLL HIGH SCHOOL

PURPOSE: SCHOLARSHIPS

$823,534

ANCILLAE-ASSUMPTA ACADEMY

PURPOSE: SCHOLARSHIPS

$323,713

ARCHBISHOP WOOD HIGH SCHOOL

PURPOSE: SCHOLARSHIPS

$472,458

ARCHBISHOP RYAN HIGH SCHOOL

PURPOSE: SCHOLARSHIPS

$780,488

ARMENIAN SISTERS ACADEMY

PURPOSE: SCHOLARSHIPS

$123,000
View Grant Profile

Peer Organizations

Organization NameAssets
Andrew W Mellon Foundation
New York, NY
$1,146,757,446
Stephen Siller Tunnel To Towers Foundation
Staten Island, NY
$373,003,492
The Annenberg Foundation
Conshohocken, PA
$131,626,861
Alfred P Sloan Foundation
New York, NY
$118,438,028
Business Leadership Organized For Catholic Schools
King Of Prussia, PA
$115,044,615
Central Pennsylvania Scholarship Fund
Tyrone, PA
$55,334,922
Mastercard Impact Fund
Purchase, NY
$70,446,588
Arcus Foundation
New York, NY
$38,129,838
Foundation For Advanced Education In The Sciences Inc
Bethesda, MD
$42,449,991
The Childrens Scholarship Fund
New York, NY
$29,582,645
Math For America Inc
New York, NY
$24,004,679
The Posse Foundation Inc
New York, NY
$33,725,316
Joan And Irwin Jacobs Technion-Cornell Innovation Instit
New York, NY
$32,551,602
College Now Greater Cleveland Inc
Cleveland, OH
$24,635,286
Tikvah Fund
New York, NY
$19,881,947
Partnership For Ed Advancement Inc
New York, NY
$11,458,290
Inner-City Scholarship Fund Inc
New York, NY
$19,320,352
Somerset Community Services Inc
Marion Station, MD
$21,032,696
Echoing Green Inc
New York, NY
$29,712,980
Cigna Foundation
Philadelphia, PA
-$17,425,376
Target Als Foundation Inc
New York, NY
$79,570,641
Foundation For Jewish Day Schools Of Greater Philadelphia
Philadelphia, PA
$16,684,787
Children Scholarship Fund Philadelphia
Philadelphia, PA
$15,728,213
James Annenberg La Vea Charitable Foundation
Philadelphia, PA
$9,031,566
Knowledgeworks Foundation
Cincinnati, OH
$7,717,304

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