Beat The Streets Inc
- Assets
- $74.8k
- Revenue
- $498.6k
- Investments
- $0.0
- Employees
- 3
- Location
- Jersey City, NJ
- Founding
- 05/2019
- Data as of
- 08/2022
- EIN
- 82-2662383
Organization Overview
Beat The Streets Inc is located in Jersey City, NJ. The organization was established in 2019. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 08/2022, Beat The Streets Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beat The Streets Inc 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 08/2022, Beat The Streets Inc generated $498.6k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 46.3% each year . All expenses for the organization totaled $502.3k during the year ending 08/2022. While expenses have increased by 45.0% per year over the past 5 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HIGH LEVEL WRESTLING INSTRUCTION AS WELL AS TEACHING THE FUNDAMENTALS OF SELF-DISCIPLINE, TEAMWORK, PERSEVERANCE, AND SUCCESS
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT TO LOCAL BEAT THE STEET AFFILIATES IN MEMBER CITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Benjamin Reiter CEO | Officer | 40 | $42,308 |
Jesse Jantzen Vice Chair | OfficerTrustee | 1 | $0 |
Cathy Yen Treasurer | OfficerTrustee | 1 | $0 |
Clinton Matter Chair | OfficerTrustee | 1 | $0 |
Bior Guini Secretary | OfficerTrustee | 1 | $0 |
Mike Powell Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $75,000 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $406,081 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $481,081 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $498,559 |
| 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. | $42,308 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $109,539 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $27,757 |
| Payroll taxes | $15,083 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $100 |
| Fees for services: Accounting | $950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,430 |
| Advertising and promotion | $4,380 |
| Office expenses | $8,854 |
| Information technology | $1,428 |
| Royalties | $0 |
| Occupancy | $5,566 |
| Travel | $29,982 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,242 |
| All other expenses | $28,500 |
| Total functional expenses | $502,291 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,562 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $46,251 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $74,813 |
| Accounts payable and accrued expenses | $2,761 |
| 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 | $0 |
| Total liabilities | $2,761 |
| Net assets without donor restrictions | $72,052 |
| 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 | $74,813 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Beat The Streets Inc has recieved totaling $17,500.
| Awarding Organization | Amount |
|---|---|
James And Amy Bennett Foundation Stamford, CT PURPOSE: TO CARRY OUT CHARITABLE PURPOSE OF ORGANIZATION | $17,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Aspira Inc Of Pennsylvania Philadelphia, PA | $16,896,454 | $35,689,519 |
Imentor Incorporated New York, NY | $37,583,739 | $20,234,827 |
Jpc Charities Newark, NJ | $110,330,624 | $14,483,540 |
West Side Center For Community Life Inc New York, NY | $9,114,399 | $14,422,692 |
Shira Association Inc Brooklyn, NY | $274,073 | $8,368,956 |
Chdfs Inc New York, NY | $4,427,558 | $6,216,072 |
Metropolitan Development Center Inc Brooklyn, NY | $2,978,131 | $7,487,789 |
Deal Sephardic Youth Center Inc Oakhurst, NJ | $15,545,893 | $7,918,218 |
Exalt Youth New York, NY | $8,260,540 | $8,836,761 |
Nyc Kids Rise Inc Long Island City, NY | $4,984,268 | $4,157,127 |
Urban Dove Inc Long Island City, NY | $5,170,319 | $5,441,041 |
Zichron Chaim Inc Monsey, NY | $8,440,547 | $4,476,093 |