Hatchery Arts
- Assets
- $251.7k
- Revenue
- $573.5k
- Investments
- $0.0
- Employees
- 17
- Location
- Sherman Oaks, CA
- Founding
- 09/2008
- Data as of
- 09/2022
- EIN
- 26-2429241
Organization Overview
Hatchery Arts is located in Sherman Oaks, CA. The organization was established in 2008. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2023, Hatchery Arts employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hatchery Arts 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 09/2022, Hatchery Arts generated $573.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $487.4k during the year ending 09/2022. 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
HATCHERY ARTS IS THE COMPANY BEHIND THE HOLLYWOOD FRINGE FESTIVAL WITH A SINGULAR MISSION: PRODUCE NEW AND PROVOCATIVE WORKS BY UNDISCOVERED ARTISTS FOR THE BENEFIT OF THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN JUNE 2023, HATCHERY ARTS HOSTED A PERFORMING ARTS FESTIVAL. OVER 301 PARTICIPANT COMPANIES PERFORMED THEIR SHOWS VIA OUR PLATFORM. TO PREPARE FOR THE EVENT, WE HOSTED SEVERAL EVENTS DEDICATED TO DIGITAL + IN PERSON PRODUCTION, COMMUNITY BUILDING, MARKETING AND PRODUCING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Mckeever Secretary | OfficerTrustee | 10 | $0 |
Kanchan Mattoo President | OfficerTrustee | 2 | $0 |
Benjamin Hill Director | Trustee | 10 | $0 |
Stacy Mckee Director | Trustee | 1 | $0 |
Angela Babcock Director | Trustee | 1 | $0 |
Jenn Crafts Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $181,627 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,511 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $194,138 |
| Total Program Service Revenue | $374,780 |
| Investment income | $1,004 |
| 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 | $3,474 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $573,512 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $9,750 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $48,330 |
| Compensation of current officers, directors, key employees. | $14,916 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $32,474 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $21,675 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,061 |
| Advertising and promotion | $23,698 |
| Office expenses | $18,474 |
| Information technology | $23,286 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8,562 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,656 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $158 |
| Insurance | $7,218 |
| All other expenses | $1,284 |
| Total functional expenses | $487,427 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $227,581 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,730 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,902 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $6,438 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $251,651 |
| Accounts payable and accrued expenses | $60,731 |
| 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 | $60,731 |
| Net assets without donor restrictions | $190,920 |
| 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 | $251,651 |