Form 990 for tax year 2024
Filed by BUSINESS LEADERSHIP ORGANIZED FOR CATHOLIC SCHOOLS.
Totals
- Total revenue
- $213,597,549
- Total expenses
- $100,723,260
- Contributions and grants received
- $207,716,876
- Grants paid
- $95,343,008
- Program service revenue
- $0
- Investment income
- $6,061,577
- Other revenue
- -$180,904
- Total assets, end of year
- $255,517,927
- Total liabilities, end of year
- $9,283,006
- Net assets or fund balances, end of year
- $246,234,921
- Program services expenses (Part IX)
- $98,673,948
- Management and general expenses
- $1,812,310
- Fundraising expenses
- $237,002
- Program service expenses (Part III)
- $98,673,948
Program services were 98.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$124,938
-
1f · All other contributions, gifts and grants
$207,591,938
-
3 · Investment income
total $6,209,983 · excluded $6,209,983
-
7a · Gross sales of assets other than inventory
securities $67,827,733
-
7b · Less cost or other basis and sales expenses
securities $67,976,139
-
7c · Gain or loss
securities -$148,406
-
7d · Net gain or loss
total -$148,406 · excluded -$148,406
-
8a · Fundraising events: gross income
$105,913
-
8a · Fundraising events: contributions included on line 1c
$124,938
-
8b · Fundraising events: direct expenses
$286,817
-
8c · Net income from fundraising events
total -$180,904 · excluded -$180,904
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $95,343,008 · program services $95,343,008
-
5 · Compensation of officers, directors and key employees
total $887,711 · program services $364,286 · management and general $508,854 · fundraising $14,571
-
7 · Other salaries and wages
total $1,570,233 · program services $1,211,809 · management and general $324,029 · fundraising $34,395
-
8 · Pension plan contributions
total $74,983 · program services $54,173 · management and general $19,344 · fundraising $1,466
-
9 · Other employee benefits
total $215,791 · program services $146,226 · management and general $64,629 · fundraising $4,936
-
10 · Payroll taxes
total $162,120 · program services $108,888 · management and general $49,557 · fundraising $3,675
-
11b · Fees: legal
total $163,687 · management and general $163,687
-
11c · Fees: accounting
total $118,818 · program services $71,291 · management and general $47,527
-
11f · Fees: investment management
total $91,420 · management and general $91,420
-
11g · Fees: other
total $351,942 · program services $218,433 · management and general $127,951 · fundraising $5,558
-
12 · Advertising and promotion
total $790,793 · program services $608,911 · management and general $79,079 · fundraising $102,803
-
13 · Office expenses
total $255,389 · program services $122,266 · management and general $132,237 · fundraising $886
-
14 · Information technology
total $450,945 · program services $347,224 · management and general $45,099 · fundraising $58,622
-
16 · Occupancy
total $79,108 · program services $47,465 · management and general $31,643
-
17 · Travel
total $18,007 · management and general $18,007
-
22 · Depreciation, depletion and amortization
total $19,616 · program services $11,770 · management and general $7,846
-
23 · Insurance
total $89,305 · management and general $89,305
-
24a · Other expenses: SPECIAL EVENTS
total $40,384 · program services $18,198 · management and general $12,096 · fundraising $10,090
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $14,294,938 · end of year $49,565,351
-
2 · Savings and temporary cash investments
beginning of year $31,459,049 · end of year $75,107,677
-
4 · Accounts receivable
beginning of year $68,746 · end of year $78,008,100
-
9 · Prepaid expenses and deferred charges
beginning of year $17,413 · end of year $81,475
-
10a · Land, buildings and equipment: cost or other basis
$212,530
-
10b · Land, buildings and equipment: accumulated depreciation
$147,131
-
10c · Land, buildings and equipment, net
beginning of year $18,435 · end of year $65,399
-
11 · Investments: publicly traded securities
beginning of year $91,104,923 · end of year $52,429,675
-
15 · Other assets
beginning of year $328,232 · end of year $260,250
-
17 · Accounts payable and accrued expenses
beginning of year $561,537 · end of year $1,987,342
-
18 · Grants payable
beginning of year $841,615 · end of year $873,645
-
19 · Deferred revenue
end of year $1,000,000
-
21 · Escrow or custodial account liability
beginning of year $4,800,972 · end of year $5,155,108
-
25 · Other liabilities
beginning of year $333,286 · end of year $266,911
-
27 · Net assets without donor restrictions
beginning of year $9,551,262 · end of year $11,307,332
-
28 · Net assets with donor restrictions
beginning of year $121,203,064 · end of year $234,927,589
Mission and programs · 2024
Mission
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.
-
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 19,000 CATHOLIC AND PRIVATE SCHOOL SCHOLARSHIPS TO NUMEROUS COUNTIES IN PENNSYLVANIA FOR FAMILIES IN FINANCIAL NEED.SEE SCHEDULE O.FOR THIS YEAR, BLOCS HAS WORKED WITH CLOSE TO 200 BUSINESSES AND OVER 2,000 INDIVIDUAL TAXPAYERS TO TAKE ADVANTAGE OF OVER $200 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 $595,000. 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.
Expenses $98,673,948 · Grants $95,343,008
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
BILL LARKIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
BILL STREICH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
BRAD WILLIAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
BRIAN CASSIDY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
BRIAN HANNAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
BRIAN MCELWEE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
BRIAN VESEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
CHARLIE BERNIER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
DANIEL ASTOLFI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
DONALD SALESKI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
DORAE SUDELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
FRANCIS VAN KIRK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
GARY DEVITO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JB BLAUVELT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JEFFREY CORON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JERRY BUCKLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JOHN MCDONALD
DIRECTOR (THRU 5/25)
- Total calculated
- $0
- Hours/week
- 1
-
JOHN J MCGONIGAL JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JOHN SPAGNOLA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JOSEPH CHOTT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JUSTIN O'MALLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
KRISTIN HILLSLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MARTY CONNOR
DIRECTOR (THRU 5/25)
- Total calculated
- $0
- Hours/week
- 1
-
MATTHEW TOPLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MICHAEL F YOUNG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MICHAEL PRENDERGAST
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MICHAEL SAVAGE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MIKE O'MARA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
NATALIA DOMINGUEZ BUCKLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
NICK CIOCCA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
NICOLE CANIGLIA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
PAUL BECKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
PAUL LEARY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
SEAN FLYNN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
SEAN P FAHEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
TOM GALLAGHER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
TOM SHOEMAKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
TRACY BRALA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
WILLIAM MATTHEWS III
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ARCHBISHOP NELSON PEREZ
HONORARY CHAIRMAN (NON-VOTING)
- Total calculated
- $0
- Hours/week
- 1
-
MATT MCFILLIN
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
BRIAN GALLAGHER
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
ROBERT J DELANY SR
CHIEF EXECUTIVE OFFICER
- Total calculated
- $131,587
- From this org
- $113,077
- From related orgs
- $0
- Other
- $18,510
- Hours/week
- 40
-
THEODORE AICHER
CHIEF FINANCIAL OFFICER (THRU 1/25)
- Total calculated
- $291,510
- From this org
- $266,947
- From related orgs
- $0
- Other
- $24,563
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $236,947
- Bonus
- $30,000
- Other
- $0
- Deferred
- $10,678
- Nontaxable benefits
- $13,885
- Filer's total
- $291,510
-
DAVID BEAUPRE
CFO AND SECRETARY
- Total calculated
- $0
- Hours/week
- 40
-
JEFFREY GIBSON
DIRECTOR OF DEVELOPMENT
- Total calculated
- $219,753
- From this org
- $208,828
- From related orgs
- $0
- Other
- $10,925
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $148,828
- Bonus
- $60,000
- Other
- $0
- Deferred
- $8,353
- Nontaxable benefits
- $2,572
- Filer's total
- $219,753
-
JAMES DOWNEY
DIRECTOR OF DEVELOPMENT
- Total calculated
- $199,331
- From this org
- $158,968
- From related orgs
- $0
- Other
- $40,363
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $116,468
- Bonus
- $42,500
- Other
- $0
- Deferred
- $6,359
- Nontaxable benefits
- $34,004
- Filer's total
- $199,331
-
KATHLEEN HARVEY
DIRECTOR OF REVENUE OPTIMIZATION
- Total calculated
- $180,294
- From this org
- $137,294
- From related orgs
- $0
- Other
- $43,000
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $117,294
- Bonus
- $20,000
- Other
- $0
- Deferred
- $5,491
- Nontaxable benefits
- $37,509
- Filer's total
- $180,294
-
KATIE ROSE THORNTON
MARKETING DIRECTOR (THRU 12/24)
- Total calculated
- $146,125
- From this org
- $132,294
- From related orgs
- $0
- Other
- $13,831
- Hours/week
- 40
-
STEPHANIE MAIOCCO
DEVELOPMENT MANAGER
- Total calculated
- $149,294
- From this org
- $137,493
- From related orgs
- $0
- Other
- $11,801
- Hours/week
- 40
-
DAVID ROWAN
FORMER CHIEF EXECUTIVE OFFICER
- Total calculated
- $466,344
- From this org
- $439,428
- From related orgs
- $0
- Other
- $26,916
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $150,619
- Bonus
- $0
- Other
- $288,809
- Deferred
- $10,161
- Nontaxable benefits
- $16,755
- Filer's total
- $466,344
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4a · Severance or change-of-control payment
- 7 · Other non-fixed payments
Answered no
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 4A
- DAVID ROWAN, FORMER CHIEF EXECUTIVE OFFICER, RECEIVED SEVERANCE IN THE AMOUNT OF $288,809 DURING CALENDAR YEAR 2024.
- PART I, LINE 7
- PART II, COLUMN (B)(II) REPORTS BONUS AMOUNTS THAT WERE APPROVED BY THE BOARD BASED UPON PERFORMANCE. - THEODORE AICHER $30,000 - JEFFREY GIBSON $60,000 - JAMES DOWNEY $42,500 - KATHLEEN HARVEY $20,000 - KATIE THORNTON $15,000 - STEPHANIE MAIOCCO $10,000
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
$8,038,439
SCHOLARSHIPS
-
$3,404,948
SCHOLARSHIPS
-
$2,779,862
SCHOLARSHIPS
-
$2,485,381
SCHOLARSHIPS
-
$1,811,686
SCHOLARSHIPS
-
MERCY SCHOOL FOR SPECIAL LEARNING
$1,728,840
SCHOLARSHIPS
-
$1,609,235
SCHOLARSHIPS
-
$1,532,542
SCHOLARSHIPS
-
THE FOUNDATION FOR ENHANCING COMMUNITIES
$1,489,625
SCHOLARSHIPS
-
ACADEMY OF NOTRE DAME DE NAMUR
$1,439,805
SCHOLARSHIPS
The 10 largest by cash amount. The API serves every itemized grant.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 27 February 2026
- IRS schema version
- 2024v5.5
- Source object
- 202630659349300328
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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