Blocs

What it reported doing in 2024

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.

Financial Efficiency

• Mission deployment rate: 47.7%; rating input score 48
• Program expense ratio: 98%; rating input score 98
• Fundraising efficiency: $876.44 raised per $1 spent on fundraising; rating input score 96; 96th percentile among comparable filings

Transparency & Controls

• Consistency checks: 94.1%; rating input score 94; 28th percentile among comparable filings
• Pay-setting controls: 3 of 6 controls in place; rating input score 50
  • Compensation committee: Pass
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 99%; rating input score 99; 38th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 52.8%; rating input score 97; 97th percentile among comparable filings
• Total-asset coverage ratio: 2.54; rating input score 71; 71st percentile among comparable filings
• Liabilities to assets ratio: 0.04; rating input score 91; 91st percentile among comparable filings
• Officer compensation ratio: 1.8%; rating input score 60; 60th percentile among comparable filings

Growth

• Program expense growth: 19% per year; rating input score 100; 91st percentile among comparable filings
• Revenue growth: 19% per year; rating input score 100; 93rd percentile among comparable filings
• Asset growth: 15.7% per year; rating input score 100; 87th percentile among comparable filings