Beat The Streets Wrestling Program Philadelphia
- Assets
- $1.5m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 5
- Location
- Philadelphia, PA
- Founding
- 02/2010
- Data as of
- 07/2024
- EIN
- 80-0413630
Organization Overview
Beat The Streets Wrestling Program Philadelphia is located in Philadelphia, PA. The organization was established in 2010. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 07/2024, Beat The Streets Wrestling Program Philadelphia employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beat The Streets Wrestling Program Philadelphia is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 07/2024, Beat The Streets Wrestling Program Philadelphia generated $1.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $1.4m during the year ending 07/2024. While expenses have increased by 4.0% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
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 LIFES TRAJECTORY
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clinton Matter Chairman | OfficerTrustee | 3 | $0 |
Edward Mcbride Vice-Chairman | OfficerTrustee | 3 | $0 |
Andrew Lenzi Treasurer | OfficerTrustee | 3 | $0 |
Brett Matter Board Secretary | Trustee | 3 | $0 |
Gary Baker Member At Large | Trustee | 3 | $0 |
Chris Keith Member At Large | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,343,755 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,343,755 |
| Total Program Service Revenue | $0 |
| Investment income | $36,755 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $9,000 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,392,473 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $138,384 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $37,217 |
| Payroll taxes | $30,762 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $31,260 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $61,168 |
| Advertising and promotion | $1,846 |
| Office expenses | $13,275 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $246,549 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $12,848 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,183 |
| Insurance | $29,829 |
| All other expenses | $188,141 |
| Total functional expenses | $1,391,657 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,049,909 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $43,407 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $393,429 |
| Total assets | $1,486,745 |
| Accounts payable and accrued expenses | $294,878 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $613,593 |
| Total liabilities | $908,471 |
| Net assets without donor restrictions | $578,274 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,486,745 |