Beat the Streets Wrestling Inc

“The organization has its form 990 prepared by an outside accounting firm. The return is reviewed by the senior director of finance and operations, and a complete copy is provided to all members of the board for their review after filing with the irs.”

“The organization has a conflict of interest policy applicable to board members, staff, and volunteers. The policy requires that upon hiring/appointment, all board members and staff disclose potential conflicts of interest. Annually, the organization electronically surveys the board for them to disclose if they have any conflicts of interest. The policy is monitored by the executive director and director of operations and finance. If a conflict arises with a board member, the interested person is excluded from board discussion, deliberation and voting on the course of action. The remaining board members decide by majority vote whether to conduct any transaction involving a conflict of interest.”

“The compensation of the organization's executive director is determined by the board of directors, led by the board chairman. Form 990s from similar organizations are utilized in this determination. The process was last conducted in 2023 and was contemporaneously documented.”

“The organization makes its form 990, governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“The organization contracted with a professional employer organization (peo) for services, including but not limited to, payroll, timekeeping, employee benefits, hr administration and workforce regulatory compliance needs. As the employer of record for tax purposes, forms w-2 and w-3 are issued by the peo and filed under the peo's federal ein. In this co-employment arrangement, the organization is the common law employer and, accordingly, compensation is reported on form 990, part vii, section a and part ix, lines 5-10.”

“Coaching/referee fees: program service expenses 10,430. Management and general expenses 0. Fundraising expenses 0. Total expenses 10,430. Consulting/other professional fees: program service expenses 21,273. Management and general expenses 2,934. Fundraising expenses 8,550. Total expenses 32,757. Payroll processing: program service expenses 0. Management and general expenses 6,052. Fundraising expenses 0. Total expenses 6,052. Contract labor: program service expenses 128,688. Management and general expenses 47,831. Fundraising expenses 0. Total expenses 176,519.”

“The organization has a committee that assumes responsibility for the oversight of the audit of its financial statements and the selection of its independent auditor. The process has not changed from the prior year.”