Hatch Inc
- Assets
- $154.6k
- Revenue
- $522.3k
- Investments
- $0.0
- Employees
- 4
- Location
- Brattleboro, VT
- Founding
- 09/2014
- Data as of
- 12/2022
- EIN
- 46-2309129
Organization Overview
Hatch Inc is located in Brattleboro, VT. The organization was established in 2014. According to its NTEE Classification (A65) the organization is classified as: Theater, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Hatch Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hatch 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 12/2022, Hatch Inc generated $522.3k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 36.2% each year . All expenses for the organization totaled $568.9k during the year ending 12/2022. 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
THE PURPOSE OF THE HATCH, INC IS TO PRODUCE CULTURAL EVENTS FOR CHARITABLE PURPOSES. THE HATCH OPERATES HATCHSPACE, A COMMUNITY WORKSHOP DEDICATED TO PROMOTING THE VALUE AND PRACTICE OF CRAFT BY PROVIDING THE INSTRUCTION, TOOLS AND SPACE TO SUPPORT A COMMUNITY OF WOODWORKERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HATCH OPERATES HATCHSPACE, A COMMUNITY-SUPPORTED FACILITY DEDICATED TO PRESERVING THE ARTISTRY OF WOODWORKERS THROUGH ADVANCEMENT OF TRADITIONAL AND CONTEMPORARY WOODWORKING SKILLS AND METHODS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gail Fletcher Director | Trustee | 1 | $0 |
Gail Grycel Director | Trustee | 1 | $0 |
Monica Hastings Director | Trustee | 2 | $0 |
Phil Feidelseit VP | OfficerTrustee | 1 | $0 |
Dyllan Nguyen Secretary | OfficerTrustee | 1 | $0 |
Stephen Shriner Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $25,322 |
| Fundraising events | $1,000 |
| Related organizations | $0 |
| Government grants | $68,437 |
| All other contributions, gifts, grants, and similar amounts not included above | $352,395 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $447,154 |
| Total Program Service Revenue | $71,536 |
| Investment income | $48 |
| 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 | $3,529 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $522,267 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $181,325 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,395 |
| Payroll taxes | $14,251 |
| Fees for services: Management | $30,273 |
| Fees for services: Legal | $10,929 |
| 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 | $0 |
| Advertising and promotion | $5,690 |
| Office expenses | $5,695 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $48,086 |
| Travel | $6,138 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,684 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,970 |
| Insurance | $3,050 |
| All other expenses | $106,451 |
| Total functional expenses | $568,943 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,229 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,011 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,246 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $96,136 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $154,622 |
| Accounts payable and accrued expenses | $28,006 |
| 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 | $94,362 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $122,368 |
| Net assets without donor restrictions | $0 |
| 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 | $32,254 |
| Total liabilities and net assets/fund balances | $154,622 |