Beat the Streets Providence

IRS exemption revoked

Providence, RIUnknown exempt organizationEIN 90-1005526Revenue $144K in FY2021

On file with the IRSbeatthestreetsprovidence.orgPo Box 2464 · Providence, RI

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To start co-ed wrestling programs as a form of youth development in under-privileged communities.

80¢ of each $1 spent went to programs.
Run by 12 volunteers and 3 employees.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average deficit $13K a year · 9% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $185
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2K
11% of total assets
Looks good: liabilities are 11% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$144K
-10% vs prior year
Spent
$123K
To programs
80%
Net assets
$15K
By yearFY2020–FY2021
Revenue
$144K
FY2021▼ -10%
Tap a bar for its year
Revenue by fiscal year
FY2020$161K
FY2021$144K
Expenses
$123K
FY2021▼ -41%
Tap a bar for its year
Expenses by fiscal year
FY2020$208K
FY2021$123K
Net assets
$15K
FY2021▲ +334%
Tap a bar for its year
Net assets by fiscal year
FY2020−$6K
FY2021$15K

From the FY2021 Form 990 · see the original

990 PDF Claim
IRS revoked this organization's tax-exempt status on May 15, 2025

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2021.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $99K Management & general 20% · $24K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
See Beat the Streets Providence executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Develops youth through co-ed wrestling programs in underprivileged communities.

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Provided by the organization

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1 program · $99K · in their own filed words · FY2021
01

After school wrestling programs and events for at risk youth

$99Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$185
Grants paid · 2 grants · $38K · 2020–2021
Unitemized GrantFY2021$5,297
Unitemized GrantFY2020$32,298

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$144K
Ln 12
Gifts and grantsLn 1h$82K
Fees for servicesLn 2g$62K
Money outPt IX
$123K
Ln 25
Programscol B$99K
Managementcol C$24K
Owns and owesPt X
$15K
net assets · Ln 32
Cash and savingsLn 1–2$15K
Total assetsLn 16$16K
LiabilitiesLn 26$2K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$82K
Government grantsLn 1e$27K
Fees for servicesLn 2g$62K
Total revenueLn 12$144K
Assets in detailPt X, end of year
CashLn 1$15K
Cash and savings togetherLn 1–2$15K
Land, buildings, equipmentLn 10c$1K
Total assetsLn 16$16K
LiabilitiesLn 26$2K
Net assetsLn 32$15K
OperationsPt I, VI
EmployeesI 53
VolunteersI 612
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$11K$15K
Land, buildings, equipmentLn 10c$4K$1K
Total assetsLn 16$14K$16K
LiabilitiesLn 26$21K$2K
Net assetsLn 32−$6K$15K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$5K$5K
Other salaries and wagesLn 7$48K$48K
Payroll taxesLn 10$4K$4K
Accounting feesLn 11c$10K$10K
Other fees for servicesLn 11g$21K$21K
Office expensesLn 13$14K$14K
TravelLn 17$648$648
Depreciation, depletion and amortizationLn 22$3K$3K
Other expenses (24a–d)Ln 24$17K$17K
All other expensesLn 24e$30$30
Total functional expensesLn 25$123K$99K$24K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest Viewing $144K$123K$21K$15K 990 PDF
FY2020 $161K$208K−$48K−$6K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $144,212 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $142,394$81,847
I-9 Program service revenuePrior year $17,134$62,365
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $1,355$0
I-12 Total revenuePrior year $160,883$144,212
I-13 Grants and similar amounts paidPrior year $32,298$5,297
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $78,448$52,769
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $97,719$65,198
I-18 Total expensesPrior year $208,465$123,264
I-19 Revenue less expensesPrior year −$47,582$20,948
Part VI · Governance 8 of 8 board members independent, 4 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $144,212 across 5 lines filed
VIII-1e Government grants$26,857
VIII-1f All other contributions, gifts and grants$54,990
VIII-1h Total contributions, gifts and grants$81,847
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $62,365$62,365
VIII-12 Total revenueRelated to mission $62,365 · Unrelated business $0 · Excluded from tax $0$144,212
Part IX · Statement of functional expenses $123,264 across 10 lines filed
IX-2 Grants to domestic individualsPrograms $5,297$5,297
IX-7 Other salaries and wagesPrograms $48,308$48,308
IX-10 Payroll taxesPrograms $4,461$4,461
IX-11c Accounting feesManagement $10,343$10,343
IX-11g Other fees for servicesPrograms $20,794$20,794
IX-13 Office expensesManagement $14,145$14,145
IX-17 TravelPrograms $648$648
IX-22 Depreciation, depletion and amortizationPrograms $2,539$2,539
IX-24 Other expenses (24a–d)Programs $16,699$16,699
IX-24e All other expensesPrograms $30$30
IX-25 Total functional expensesPrograms $98,776 · Management $24,488 · Fundraising $0$123,264
Part X · Balance sheet $16,444 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $10,531$15,175
X-10c Land, buildings and equipment, netStart of year $3,808$1,269
X-16 Total assetsStart of year $14,339$16,444
X-17 Accounts payable and accrued expensesStart of year $3,747$1,761
X-25 Other liabilitiesStart of year $16,857$0
X-26 Total liabilitiesStart of year $20,604$1,761
X-27 Net assets without donor restrictionsStart of year −$6,265$14,683
X-32 Total net assets or fund balancesStart of year −$6,265$14,683
X-33 Total liabilities and net assetsStart of year $14,339$16,444
Part XI · Reconciliation of net assets $14,683 net assets at year end
XI-1 Total revenue$144,212
XI-2 Total expenses$123,264
XI-3 Revenue less expenses$20,948
XI-4 Net assets at start of year−$6,265
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$14,683

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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