Hatch
- Assets
- $206.3k
- Revenue
- $691.3k
- Investments
- $0.0
- Employees
- 3
- Location
- Bozeman, MT
- Founding
- 07/2005
- Data as of
- 12/2022
- EIN
- 30-0261283
Organization Overview
Hatch is located in Bozeman, MT. The organization was established in 2005. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Hatch employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hatch 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 12/2022, Hatch generated $691.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $679.1k during the year ending 12/2022. While expenses have increased by 8.9% per year over the past 7 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
HATCH IS A GLOBAL NETWORK OF PIVOTAL THOUGHT LEADERS WHOSE COLLABORATIONS RESULT IN INNOVATIONS ACROSS A BROAD SPECTRUM OF DISCIPLINES AND INDUSTRIES, ADDRESSING GLOBAL ISSUES, MENTORING AND INSPIRING, ALL IN AN EFFORT TO HATCH A BETTER WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HATCH LABS ACTS AS A THINK TANK OF DIVERSE INFLUENCERS BROUGHT TOGETHER TO WORK ON SOLVING REAL WORLD CHALLENGES. THE PLATFORM TAPS INTO THE INCREDIBLE RESOURCE OF THE HATCH NETWORK TO CURATE A TEAM OF CHANGE AGENTS WITH NEW WAYS OF THINKING AND EXECUTING TO COMPANIES AND ORGANIZATIONS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yarrow Kraner Chairman | Trustee | 40 | $100,000 |
Jared Silverman COO | Officer | 40 | $80,000 |
Elke Govertsen Secretary | OfficerTrustee | 2 | $0 |
Jay Hirschton Treasurer | OfficerTrustee | 1 | $0 |
Susan Carstensen President | OfficerTrustee | 1 | $0 |
Erica Mackey Chairman | Trustee | 2 | $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 | $411,739 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $411,739 |
| Total Program Service Revenue | $274,747 |
| 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 | $4,825 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $691,311 |
| 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. | $180,000 |
| Compensation of current officers, directors, key employees. | $36,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $60,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,661 |
| Payroll taxes | $19,166 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,254 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $123,726 |
| Advertising and promotion | $2,463 |
| Office expenses | $959 |
| Information technology | $8,228 |
| Royalties | $0 |
| Occupancy | $169,908 |
| Travel | $57,724 |
| 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 | $3,869 |
| Insurance | $4,974 |
| All other expenses | $6,841 |
| Total functional expenses | $679,122 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $173,112 |
| 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 | $14,772 |
| Net Land, buildings, and equipment | $3,931 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $3,976 |
| Other assets | $10,485 |
| Total assets | $206,276 |
| Accounts payable and accrued expenses | $3,741 |
| 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 | $17,039 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $36,500 |
| Other liabilities | $6,951 |
| Total liabilities | $64,231 |
| Net assets without donor restrictions | $142,045 |
| 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 | $206,276 |