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← BEAT THE STREETS WRESTLING PROGRAM PHILADELPHIA

Form 990 for tax year 2022

Filed by BEAT THE STREETS WRESTLING PROGRAM PHILADELPHIA.

Totals

Total revenue
$1,649,596
Total expenses
$1,380,699
Contributions and grants received
$1,616,754
Grants paid
$0
Program service revenue
$0
Investment income
$14,998
Other revenue
$17,844
Total assets, end of year
$1,087,176
Total liabilities, end of year
$509,718
Net assets or fund balances, end of year
$577,458
Program services expenses (Part IX)
$1,161,685
Management and general expenses
$85,696
Fundraising expenses
$133,318
Program service expenses (Part III)
$1,161,685

Program services were 84.1% 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.

  • 1f · All other contributions, gifts and grants

    $1,616,754

  • 3 · Investment income

    total $14,998 · unrelated business $0 · excluded $0

  • 6a · Gross rents

    real property $16,710

  • 6c · Rental income or loss

    real property $16,710

  • 6d · Net rental income or loss

    total $16,710 · related or exempt $16,710

  • 11a · Other revenue: Other

    total $1,134 · related or exempt $1,134 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $1,134

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $320,961 · program services $314,379 · management and general $3,291 · fundraising $3,291

  • 9 · Other employee benefits

    total $30,573 · program services $22,930 · management and general $7,643 · fundraising $0

  • 10 · Payroll taxes

    total $30,358 · program services $22,768 · management and general $3,795 · fundraising $3,795

  • 11c · Fees: accounting

    total $19,463 · program services $14,597 · management and general $4,866 · fundraising $0

  • 11g · Fees: other

    total $89,750 · program services $67,313 · management and general $22,437 · fundraising $0

  • 13 · Office expenses

    total $7,546 · program services $4,529 · management and general $1,509 · fundraising $1,508

  • 16 · Occupancy

    total $207,270 · program services $186,543 · management and general $20,727 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $20,979 · program services $20,979 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $37,418 · program services $33,676 · management and general $3,742 · fundraising $0

  • 24a · Other expenses: COACHING

    total $98,779 · program services $98,779 · management and general $0 · fundraising $0

  • 24b · Other expenses: MENTOR EXPENSE

    total $89,451 · program services $89,451 · management and general $0 · fundraising $0

  • 24c · Other expenses: BANQUETS/FUNDRAISING

    total $124,257 · program services $0 · management and general $0 · fundraising $124,257

  • 24d · Other expenses: TRANSPORTATION

    total $37,100 · program services $37,100 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $266,794 · program services $248,641 · management and general $17,686 · fundraising $467

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $755,895 · end of year $1,023,893

  • 4 · Accounts receivable

    beginning of year $35,000 · end of year $6,693

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

    $164,176

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

    $107,586

  • 10c · Land, buildings and equipment, net

    beginning of year $49,426 · end of year $56,590

  • 17 · Accounts payable and accrued expenses

    beginning of year $0

  • 23 · Secured mortgages and notes payable

    end of year $2,818

  • 24 · Unsecured notes and loans payable

    beginning of year $24,861

  • 25 · Other liabilities

    beginning of year $506,900 · end of year $506,900

  • 27 · Net assets without donor restrictions

    beginning of year $308,560 · end of year $577,458

Mission and programs · 2022

Mission

BEAT THE STREETS PHILADELPHIA (BTSP)IS A SPORTS-BASED YOUTH DEVELOPMENT NONPROFIT THAT IS COMMITTED TO FOSTERING THE HOLISTIC GROWTH OF STUDENT-ATHLETES LIVING IN AT-RISK UNDER-SERVED COMMUNITIES. BTSP IMPLEMENTS MENTORING, ACADEMIC SUPPORT, AND WRESTLING PROGRAMS THROUGHOUT THE GREATER PHILADELPHIA REGION AS VEHICLES TO 'POSITIVELY ALTER LIFE'S TRAJECTORY'

  • BTSP APPLIES EVIDENCE-BASED, INNOVATIVE STATEGIES TO ENGAGE YOUTH IN LEADERSHIP DEVELOPMENT, INCREASING SOFT SKILLS, AND CREATING A SENSE OF SELF DETERMINATION, SELF CONFIDENCE, AND CONNECTION WITH TEAMMATES AND THEIR COMMUNITY. AT THE CORE, THIS COMPREHENSIVE PROGRAM HINGES ON ESTABLISHING TRUST BETWEEN THE YOUTH ENROLLED AND THEIR COACHES AND MENTORS. THE CENTERPIECE OF THE PROGRAM IS THE SPECIALIZED AFTER SCHOOL WRESTLING AND HEALTH AND WELLNESS OPPORTUNITIES DELIVERED BY BTSP. WE BELIEVE THAT THE SPORT OF WRESTLING, COMBINED WITH STRUCTURED MENTORING, CREATES AN ENVIROMENT WHERE OUR YOUTH LEARN INVALUABLE SKILLS APPLICABLE IN THE CLASSROOM, RELATIONSHIPS, AND FUTURE CAREERS. OUR WRESTLING PROGRAM INSTILLS THE DISCIPLINE, FOCUS, SELF ESTEEM, HARD WORK AND RESPECT VITAL TO OVERCOMING STUDENTS' CHALLENGES OFF THE MAT. MEANWHILE, OUR SUPPLEMENTAL ACADEMIC MENTORING SUPPORT PROVIDES THE CRITICAL PIECE TO ENSURING OUR STUDENT-ATHLETES TRANSITION CHARACTER TRAITS LEARNED ON THE MAT INTO THE CLASSROOM AND LIFE.

    Expenses $1,161,685 · Revenue $1,616,754

As filed on the 2022 return.

Listed in Part VII

  • Clinton Matter

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    3

  • Edward McBride

    VICE-CHAIRMAN

    Total calculated
    $0
    Hours/week
    3

  • Andrew Lenzi

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • Brett Matter

    BOARD SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • Gary Baker

    MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    3

  • Chris Keith

    MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    3

  • Kirk Fullerton

    MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    3

  • Michi Jigarjian

    MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    3

  • Matt Pestronk

    MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    3

  • Steven Traendly

    MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    3

  • Brian Hamlet

    MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    3

  • James Mangan

    EXECUTIVE DIRECTOR

    Total calculated
    $131,635
    From this org
    $131,635
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
8 December 2023
IRS schema version
2022v5.0
Source object
202303479349300640

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