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Nonprofiteer
← BEAT THE STREETS WRESTLING INC

Form 990 for tax year 2024

Filed by BEAT THE STREETS WRESTLING INC.

Totals

Total revenue
$1,674,374
Total expenses
$1,577,499
Contributions and grants received
$1,546,297
Grants paid
$17,773
Program service revenue
$199,818
Investment income
$0
Other revenue
-$71,741
Total assets, end of year
$500,271
Total liabilities, end of year
$583,184
Net assets or fund balances, end of year
-$82,913
Program services expenses (Part IX)
$633,011
Management and general expenses
$668,060
Fundraising expenses
$276,428
Program service expenses (Part III)
$633,011

Program services were 40.1% 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

    $869,796

  • 1f · All other contributions, gifts and grants

    $676,501

  • 1g · Noncash contributions included above

    $13,957

  • 2a · Program service revenue: TOURNAMENT REVENUE

    total $199,818 · related or exempt $199,818

  • 8a · Fundraising events: gross income

    $283,205

  • 8a · Fundraising events: contributions included on line 1c

    $869,796

  • 8b · Fundraising events: direct expenses

    $356,559

  • 8c · Net income from fundraising events

    total -$73,354 · excluded -$73,354

  • 11a · Other revenue: OTHER INCOME

    total $1,613 · excluded $1,613

  • 11e · Other revenue, total

    $1,613

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $17,773 · program services $17,773

  • 5 · Compensation of officers, directors and key employees

    total $316,501 · program services $63,300 · management and general $189,901 · fundraising $63,300

  • 7 · Other salaries and wages

    total $320,810 · program services $162,397 · management and general $78,558 · fundraising $79,855

  • 8 · Pension plan contributions

    total $5,286 · program services $983 · management and general $2,706 · fundraising $1,597

  • 9 · Other employee benefits

    total $46,154 · program services $9,159 · management and general $26,039 · fundraising $10,956

  • 10 · Payroll taxes

    total $64,766 · program services $26,624 · management and general $23,541 · fundraising $14,601

  • 11b · Fees: legal

    total $200 · management and general $200

  • 11c · Fees: accounting

    total $94,611 · management and general $94,611

  • 11e · Fees: professional fundraising services

    total $18,000 · fundraising $18,000

  • 11g · Fees: other

    total $150,298 · program services $123,335 · management and general $21,593 · fundraising $5,370

  • 12 · Advertising and promotion

    total $8,566 · program services $750 · fundraising $7,816

  • 13 · Office expenses

    total $55,857 · program services $5,906 · management and general $36,082 · fundraising $13,869

  • 14 · Information technology

    total $228 · management and general $228

  • 16 · Occupancy

    total $201,789 · program services $77,137 · management and general $80,656 · fundraising $43,996

  • 17 · Travel

    total $58,492 · program services $43,530 · management and general $14,716 · fundraising $246

  • 20 · Interest

    total $4,203 · management and general $4,203

  • 22 · Depreciation, depletion and amortization

    total $7,685 · management and general $7,685

  • 23 · Insurance

    total $68,295 · program services $24,688 · management and general $28,186 · fundraising $15,421

  • 24a · Other expenses: TOURNAMENT FEES

    total $48,859 · program services $33,494 · management and general $15,365

  • 24b · Other expenses: MAINTENANCE

    total $29,197 · management and general $29,197

  • 24c · Other expenses: EQUIPMENT

    total $20,519 · program services $20,519

  • 24d · Other expenses: MEALS

    total $18,668 · program services $14,579 · management and general $2,688 · fundraising $1,401

  • 24e · All other expenses

    total $20,742 · program services $8,837 · management and general $11,905

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,120 · end of year $167,324

  • 2 · Savings and temporary cash investments

    beginning of year $90 · end of year $50

  • 3 · Pledges and grants receivable

    beginning of year $1,000 · end of year $31,000

  • 8 · Inventories for sale or use

    beginning of year $8,374 · end of year $8,374

  • 10a · Land, buildings and equipment: cost or other basis

    $937,585

  • 10b · Land, buildings and equipment: accumulated depreciation

    $892,049

  • 10c · Land, buildings and equipment, net

    beginning of year $11,880 · end of year $45,536

  • 15 · Other assets

    beginning of year $425,203 · end of year $247,987

  • 17 · Accounts payable and accrued expenses

    beginning of year $43,837 · end of year $186,271

  • 18 · Grants payable

    beginning of year $25,000 · end of year $10,000

  • 19 · Deferred revenue

    beginning of year $0 · end of year $6,000

  • 24 · Unsecured notes and loans payable

    beginning of year $154,415 · end of year $150,926

  • 25 · Other liabilities

    beginning of year $405,203 · end of year $229,987

  • 27 · Net assets without donor restrictions

    beginning of year -$179,788 · end of year -$92,913

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $10,000

Mission and programs · 2024

Mission

TO PROVIDE WRESTLING PROGRAMS IN NYC FOR K-12 STUDENTS WHO MAY NOT OTHERWISE HAVE ACCESS TO POSITIVE OUTLETS FOR THEIR TALENTS AND POTENTIAL. BTS SERVES STUDENTS IN THE PUBLIC SCHOOLS, 82% ARE CHILDREN OF COLOR AND 74% ARE CONSIDERED DISADVANTAGED BY THE NYC DEPARTMENT OF EDUCATION. THE PROGRAMS INCLUDE BEGINNER TO ADVANCED WRESTLING TRAINING TO PREPARE CAPABLE STUDENTS TO COMPETE AT THE CITY, STATE, AND NATIONAL LEVELS. IN ADDITION TO WRESTLING TRAINING, BTS EMPHASIZES OFF-THE-MAT DEVELOPMENT BY DRAWING PARALLELS BETWEEN WRESTLING AND LIFE CHALLENGES, AND BY OFFERING COLLEGE VISITS, SAT PREP TUTORING, FINANCIAL SKILLS WORKSHOPS, INTERNSHIPS, AND COLLEGE SCHOLARSHIPS.

Activities or mission (Part I)

TO DEVELOP THE FULL HUMAN AND ATHLETIC POTENTIAL OF URBAN YOUTH AND STRENGTHEN THE CULTURE OF NEW YORK CITY WRESTLING. THROUGH A PARTNERSHIP WITH THE DEPARTMENT OF EDUCATION, BEAT THE STREETS WRESTLING WORKS WITH MIDDLE AND HIGH SCHOOLS IN ALL FIVE BOROUGHS OF NYC TO PROVIDE STUDENT-ATHLETES WITH A SAFE, POSITIVE ATMOSPHERE IN WHICH THEY CAN LEARN THE ESSENTIAL LIFE LESSONS OF PERSONAL RESPONSIBILITY AND TEAMWORK, PHYSICAL FITNESS AND NUTRITION, SELF-CONFIDENCE, AND LIFE-LONG LEARNING, SETTING THEM ON THE PATH TOWARDS COLLEGE AND A PROFESSIONAL CAREER.

  • THE JUNIOR LEAGUE PROGRAM PROVIDES EQUIPMENT, COACHES, AND ORGANIZED COMPETITIONS TO NYC MIDDLE SCHOOLS TO CREATE AND IMPROVE WRESTLING PROGRAMS. JUNIOR LEAGUE STUDENT-ATHLETES LEARN HOW TO BE SELF RELIANT AND WORK ON A TEAM, IMPROVE THEIR FITNESS AND DEVELOP BASIC WRESTLING SKILLS. THE PROGRAM SUPPORTS 27 MIDDLE SCHOOL TEAMS, OFFERING PROGRAMS TO FIRST THROUGH EIGHTH GRADERS. IN THE 2024-2025 SEASON, THERE WERE 515 JUNIOR LEAGUE PARTICIPANTS, 135 OF WHOM WERE GIRLS. THERE IS A STRONG EMPHASIS ON CONTINUING AN ATHLETIC CAREER AT THE HIGH SCHOOL LEVEL, SERVING AS A FEEDER PROGRAM FOR HIGH SCHOOL LEVEL PUBLIC SCHOOL ATHLETIC LEAGUE (PSAL) WRESTLING PROGRAMS AS WELL AS SOME PRIVATE SCHOOLS.

    Expenses $268,904 · Revenue $199,818

  • THE BEAT THE STREETS ACADEMY IS A COMPREHENSIVE PROGRAM GEARED TO PROVIDING OUR MOST ENGAGED STUDENT-ATHLETES WITH A DYNAMIC AND HOLISTIC EXPERIENCE THROUGHOUT THE SCHOOL YEAR. ACADEMY MEMBERS WILL NOT ONLY LEARN VALUABLE WRESTLING SKILLS FROM BTS STAFF-COACHES BUT MORE IMPORTANTLY, THE ACADEMIC, SOCIAL, AND EMOTIONAL SKILLS THAT THEY NEED TO SUCCEED IN LIFE. THE PROGRAM RUNS THROUGHOUT THE SCHOOL YEAR AND IS CENTERED AROUND 10 ACADEMY DAYS, FEATURING WORLD-CLASS CLINICIANS AND SPEAKERS, AN ANNUAL CAREER DAY, COLLEGE VISITS, LIFE SKILLS WORKSHOPS, AND COLLEGE / CAREER PREPARATION. ACADEMY HAS MORE THAN TRIPLED IN SIZE OVER THE PAST THREE YEARS WITH 200 PARTICIPANTS.IN 2024-2025, THE ACADEMY HAD A 100% GRADUATION AND COLLEGE/MILITARY ENTRANCE RATE FOR PARTICIPATING HIGH SCHOOL SENIORS. 100% OF PARTICIPANTS INCREASED IN AT LEAST ONE SOCIAL EMOTIONAL LEARNING CAPACITY SUCH AS SELF-CONFIDENCE, COMMUNITY, SELF-MANAGEMENT, ETC. THROUGHOUT THE YEAR. OUR STUDENT-ATHLETES ALSO SUCCEEDED ON THE WRESTLING MAT AS WE HAD THE FIRST ACADEMY MEMBER BECOME A TWO-TIME NHSCA NATIONAL CHAMPION. ACADEMY MEMBERS ALSO WON STATE TITLES AND ALL-AMERICAN HONORS AT VARIOUS TOURNAMENTS THROUGHOUT THE YEAR. OFF THE MAT STUDENTS WERE SUCCESSFUL IN THEIR COMPLETION OF HIGH SCHOOL AS WELL AS CONTINUING THEIR ACADEMIC AND WRESTLING CAREERS AT SOME OF THE NATION'S BEST UNIVERSITIES.BTS SENDS STUDENT-ATHLETES TO LOCAL, REGIONAL, AND NATIONAL COMPETITIONS. BY FULLY FUNDING COMPETITION AND TRAVEL, BTS YOUTH FROM LOW-INCOME BACKGROUNDS CAN COMPETE WITH THE BEST ATHLETES IN THE COUNTRY AND BECOME EXPOSED TO COLLEGE COACHES AT THE D1, D2, AND D3 LEVELS. THEY ARE ALSO ABLE TO VISIT DIFFERENT PARTS OF THE COUNTRY AND DIFFERENT COLLEGE CAMPUSES AS A PART OF THE EXPERIENCE.

    Expenses $217,184 · Grants $17,773

  • THE TRAINING CENTER PROGRAM PROVIDES YEAR-ROUND TRAINING OPPORTUNITIES IN 2024-2025. THE TRAINING CENTER IS OPEN TO ALL STUDENTS FROM K-12TH GRADE, WITH PRACTICES OFFERED 3-4 DAYS PER WEEK. IN THE 2024-2025 SEASON, THERE WERE 2,474 REGISTERED STUDENT-ATHLETES, 532 OF WHOM WERE GIRLS. THIS WAS AN 11% OVERALL INCREASE FROM THE PREVIOUS YEAR BECAUSE OF INCREASED COMMUNITY ENGAGEMENT AND RECRUITMENT THROUGHOUT THE CITY WITH HIGH SCHOOL COACHES AND STUDENT-ATHLETES. THROUGH THE TRAINING CENTER, STUDENT ATHLETES HAVE ACCESS TO LOCAL, REGIONAL, AND NATIONAL COMPETITION OPPORTUNITIES AS WELL AS WORLD-CLASS COACHES TO HELP THEM DEVELOP THEIR SKILLS.

    Expenses $146,923

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • David Heidecorn

    CHAIR

    Total calculated
    $0
    Hours/week
    3

  • Emilio Collins

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    3

  • Dean Colucci

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • Chris Placca

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • Ryan Bernholz

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jaime Brodsky

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Bryan Carlson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Scott Feinstein

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Brad Giambrone

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Chris Henrich

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Rodrigo Nagle

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jaimie Nawaday

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Megan Olivi

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dorothy Ruderman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Frank Ryan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Corey Wright

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Brendan Buckley

    EXECUTIVE DIRECTOR

    Total calculated
    $211,410
    From this org
    $202,000
    From related orgs
    $0
    Other
    $9,410
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $202,000
    Bonus
    $0
    Other
    $0
    Deferred
    $8,210
    Nontaxable benefits
    $1,200
    Filer's total
    $211,410

  • John Rollins Sr Director

    OF FINANCE & OPS (THRU FEB 2025)

    Total calculated
    $166,951
    From this org
    $131,535
    From related orgs
    $0
    Other
    $35,416
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $131,535
    Bonus
    $0
    Other
    $0
    Deferred
    $5,600
    Nontaxable benefits
    $29,816
    Filer's total
    $166,951

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

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
THE EXECUTIVE DIRECTOR RECEIVES A REIMBURSEMENT OF $100 PER MONTH OF HIS MONTHLY GYM MEMBERSHIP. THE BENEFIT IS TREATED AS NONTAXABLE UNDER IRC SECTION 132 AS A WORKING CONDITION FRINGE BENEFIT.

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
15 July 2026
IRS schema version
2024v5.5
Source object
202631969349301133

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