Overview
What is Business Leadership Organized For Catholic Schools?
Business Leadership Organized for Catholic Schools, or BLOCS, is a Pennsylvania-based nonprofit that bridges the gap between businesses, individuals, and Catholic schools. Through their involvement in the Educational Improvement Tax Credit (EITC), Opportunity Scholarship Tax Credit (OSTC), and Pre-Kindergarten Tax Credit programs, BLOCS facilitates significant financial contributions from businesses and taxpayers. These contributions enable the awarding of over 16,000 scholarships to families in financial need across various Pennsylvania counties. Despite the substantial progress made, the need for additional financial assistance remains significant, with over 30,000 applications and over $87 million dollars in qualified need. To address emergency situations, BLOCS has established an emergency scholarship program, offering financial support to families facing extraordinary circumstances that hinder their ability to pay for education. In the current year, BLOCS provided approximately $1.8 million in assistance to around 1,000 students. Moreover, BLOCS has launched the Urban Endowment Initiative, which focuses on supporting schools in poor and low-performing school district areas. Through this program, nine schools collaborate with BLOCS to adopt successful marketing and management practices. The schools maintain an open enrollment policy, and BLOCS helps them meet operational needs through endowment distributions. In the current year, this support totaled approximately $1 million. Overall, BLOCS plays a vital role in establishing financial assistance for families, bolstering school infrastructures, and expanding educational opportunities in Pennsylvania.
Official website here: www.blocs.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 96%
Business Leadership Organized For Catholic Schools (BLOCS) has received an impressive Four-Star out of Four Star rating from Charity Navigator, reflecting strong accountability and financial management. With a remarkable score of 97 in Accountability & Finance and a 93 in Culture & Community, the organization showcases a commitment to transparency and responsible governance. Notably, BLOCS boasts a fully independent board, a comprehensive conflict of interest policy, and minimal liabilities, indicating sound fiscal health.
User feedback highlights BLOCS' significant impact on Catholic education in Philadelphia. A donor review praises the organization as transformative, asserting that without BLOCS, access to Catholic education would be severely limited in the Archdiocese. This positive sentiment illustrates the organization's effectiveness and its vital role in supporting educational opportunities within the community.
While the ratings are overwhelmingly positive, the review data does not indicate any specific limitations or areas for improvement. Overall, BLOCS appears to be a well-managed nonprofit with a strong reputation and a dedicated mission to enhance Catholic education access.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Business Leadership Organized For Catholic Schools legitimate?
Business Leadership Organized For Catholic Schools is a legitimate nonprofit organization registered as a 501(c)(3) entity. Business Leadership Organized For Catholic Schools 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: $618,276
Professional Fundraising Fees: $0
Other Salaries and Wages: $566,182
For more financial information, click here
Official website here: www.blocs.org
What is the mission statement of Business Leadership Organized For Catholic Schools?
Business Leadership Organized For Catholic Schools (BLOCS) bridges the business community and individuals with schools in Pennsylvania to establish financial assistance for families in need, bolster school infrastructures, and expand educational opportunities. Through the EITC, OSTC, and Pre-K Tax Credit programs offered by the state, BLOCS has awarded over 16,000 scholarships to families in financial need, working with over 200 businesses and over 1,500 individual taxpayers. However, the need for additional financial assistance remains significant, with over 30,000 applications and over $87 million in qualified need. In response, BLOCS has established an emergency scholarship program to provide support for families facing extenuating circumstances that greatly affect their income and ability to pay for education. This year, BLOCS provided approximately $1.8 million in support for approximately 1,000 students. Additionally, the Urban Endowment Initiative was developed to sustain targeted schools in poor and low-performing school district areas, with nine schools adopting successful practices in marketing and management while maintaining an open enrollment policy. BLOCS assists these schools in meeting operational needs through endowment distributions, totaling approximately $1 million in support for the current year.
Official website here: www.blocs.org
Who is the CEO of Business Leadership Organized For Catholic Schools?
David Rowan is the Director of Business Leadership Organized For Catholic Schools. The CEO's salary of Business Leadership Organized For Catholic Schools is $384,760 and their total compensation is $442,835.
Official website here: www.blocs.org
What is the revenue of Business Leadership Organized For Catholic Schools?
Business Leadership Organized For Catholic Schools's revenue in 2022 was $72,219,078.
Official website here: www.blocs.org
Who are the executives of Business Leadership Organized For Catholic Schools and what are their salaries?
The average compensation at Business Leadership Organized For Catholic Schools during 2022 was $131,606. There are 9 employees and 46 volunteers at Business Leadership Organized For Catholic Schools.
Here are 48 key members and their salaries (Business Leadership Organized For Catholic Schools's CEO's salary is $384,760 and their total compensation is $442,835):
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Official website here: www.blocs.org
Where can I find the form 990 for Business Leadership Organized For Catholic Schools?
Business Leadership Organized For Catholic Schools's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.blocs.org
Learn more at the official website: www.blocs.org
Mission Statement of Business Leadership Organized For Catholic Schools
Business Leadership Organized For Catholic Schools (BLOCS) bridges the business community and individuals with schools in Pennsylvania to establish financial assistance for families in need, strengthen school infrastructures, and expand educational opportunities. Pennsylvania taxpayers and businesses have contributed significantly to the Educational Improvement Tax Credit (EITC), Opportunity Scholarship Tax Credit (OSTC), and Pre-K Tax Credit programs. These substantial contributions have enabled BLOCS to award over 16,000 scholarships to families in various counties across Pennsylvania, providing crucial financial support for Catholic and private schools.
Despite the remarkable progress, the demand for financial assistance continues to be substantial, with over 30,000 applications and approximately $87 million in qualified needs. To address this need, BLOCS has established an emergency scholarship program, which reviews requests for financial assistance from families based on extenuating circumstances that negatively impact their income and ability to pay for education. This year, BLOCS has provided approximately $1.8 million in support for approximately 1,000 students.
Moreover, BLOCS has launched the Urban Endowment Initiative to sustain targeted schools in impoverished and low-performing school district areas. Nine schools currently collaborate with BLOCS, adopting successful marketing and management practices. These schools maintain an open enrollment policy, and BLOCS assists them in meeting operational needs through endowment distributions. This support amounted to approximately $1 million for the current year.
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Impact
October, 2024
Business Leadership Organized For Catholic Schools (BLOCS) plays a vital role in enhancing educational opportunities for families in Pennsylvania by connecting the business community and individual taxpayers with schools in need of support. Through various tax credit programs, such as the Educational Improvement Tax Credit (EITC) and the Opportunity Scholarship Tax Credit (OSTC), BLOCS has successfully facilitated over $69 million in tax credits by engaging close to 200 businesses and over 1,500 individual taxpayers.
This collaboration has enabled the awarding of more than 16,000 scholarships to families facing financial hardship. Despite these efforts, the demand for assistance continues to grow, with over 30,000 applications and more than $87 million in qualified needs reported.
BLOCS has also implemented an Emergency Scholarship Program to respond to urgent financial challenges faced by families, providing approximately $1.8 million in support for around 1,000 students this year alone. Additionally, the Urban Endowment Initiative strengthens schools in economically disadvantaged areas by promoting effective marketing and management practices, ensuring that these institutions can thrive amidst operational challenges with around $1 million in support allocated this year.
Overall, BLOCS is significantly impacting the landscape of education in Pennsylvania by bolstering school infrastructures, expanding access to quality education, and supporting families in navigating financial barriers to their children's education.
This information is meant to be a general summary of Business Leadership Organized For Catholic Schools. 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: $2,292,913
- Gross Receipts: $74,029,498
Assets and Liabilities:
- Total Assets: $88,869,360
- Total Liabilities: $9,180,308
- Net Assets: $79,689,052
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Organization Details
Founding Year
2001
Phone
(484) 704-2307Principal Officer
David Rowan
Main Address
555 CROTON ROAD 310, KING OF PRUSSIA, PA, 19406
Website
www.blocs.orgNTEE Category
Code: B82 - Education
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