Startup Hutch Inc
- Assets
- $416.9k
- Revenue
- $248.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Hutchinson, KS
- Founding
- 07/1988
- Data as of
- 12/2021
- EIN
- 48-1039882
Organization Overview
Startup Hutch Inc, operating under the name Quest Center For Entrepreneurs Inc, is located in Hutchinson, KS. The organization was established in 1988. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Quest Center For Entrepreneurs 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 12/2021, Quest Center For Entrepreneurs Inc generated $248.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.2% each year . All expenses for the organization totaled $241.2k during the year ending 12/2021. While expenses have increased by 18.6% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE RESOURCES TO STIMULATE JOB CREATION, JOB RETENTION, AND ECONOMIC DEVELOPMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANAGEMENT, MARKETING, FINANCIAL ASSISTANCE, AND FACILITIES FOR NEW BUSINESSES TO STIMULATE ECONOMIC DEVELOPMENT FOR SMALL BUSINESSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jackson Swearer Program Director | Officer | 40 | $68,724 |
Eric Spurgeon Vice Chair | OfficerTrustee | 1 | $0 |
Daniel Freisen Chair; Resign 01/21 | OfficerTrustee | 1 | $0 |
Jeni Bryan Chairman | OfficerTrustee | 1 | $0 |
Julia Doerksen Treasurer | OfficerTrustee | 1 | $0 |
Nick Baldetti Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $202,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $36,101 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $238,601 |
| Total Program Service Revenue | $0 |
| Investment income | $10,160 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$641 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $248,120 |
| 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 | $163,220 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,167 |
| Payroll taxes | $10,261 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,996 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $41,344 |
| Office expenses | $3,950 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,114 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $225 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $828 |
| All other expenses | $1,319 |
| Total functional expenses | $241,215 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $80,240 |
| Savings and temporary cash investments | $58,533 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $206 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $270,587 |
| Intangible assets | $0 |
| Other assets | $7,293 |
| Total assets | $416,859 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $416,859 |
| 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 | $416,859 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Startup Hutch Inc has recieved totaling $60,050.
| Awarding Organization | Amount |
|---|---|
Hutchinson Community Foundation Hutchinson, KS PURPOSE: COMMUNITY IMPROVEMENT | $60,050 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tulsa Economic Development Corporation Tulsa, OK | $33,851,725 | $32,973,039 |
Technology Entrepreneur Center Inc St Louis, MO | $14,793,185 | $1,740,629 |
South Central Ozark Council Of Governments Pomona, MO | $2,561,241 | $1,014,983 |
Foundation For Black Entrepreneurship Denver, CO | $394,455 | $1,255,984 |
Custer County Foundation Inc Broken Bow, NE | $7,035,087 | $2,062,629 |
Exponential Impact Colorado Springs, CO | $3,022,764 | $1,129,971 |
Civico Denver, CO | $298,946 | $905,043 |
Pipeline Inc Kansas City, KS | $850,172 | $659,645 |
Frontier Financial Partners Inc Emporia, KS | $2,116,575 | $668,462 |
Community Development Resources Lincoln, NE | $1,656,225 | $319,240 |
Small Business Capital Corporation Tulsa, OK | $360,944 | $280,630 |
Enterprise Development Corp Columbia, MO | $297,250 | $238,595 |