Hatch Hsv
- Assets
- $202.6k
- Revenue
- $321.3k
- Investments
- $0.0
- Employees
- 15
- Location
- Huntsville, AL
- Founding
- Data as of
- 12/2023
- EIN
- 84-4149292
Organization Overview
Hatch Hsv is located in Huntsville, AL. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 12/2023, Hatch Hsv employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hatch Hsv 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 12/2023, Hatch Hsv generated $321.3k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 17.3% each year . All expenses for the organization totaled $295.8k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO COMBINE LIFE SKILLS WORKSHOPS WITH HOSPITALITY AND CULINARY TRAINING INTO AN INTENSIVE EIGHT-WEEK LIFE CHANGING PROGRAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HATCH PARTICIPANTS TRAIN FOR ALL AREAS OF OUR GROWING HOSPITALITY INDUSTRY BY PARTICIPATING IN KITCHEN INSTRUCTION TIME. STUDENTS WILL WORK WITH THE EXECUTIVE CHEF IN THE KITCHEN AS EARLY AS THE SECOND WEEK OF CLASSES TO HONE THEIR SKILLS IN THE KITCHEN.THEY WILL BE GIVEN THE OPPORTUNITY TO WORK AS BUSSER, RUNNER, SERVER, HOST, DISH, SALAD, PREP AND FRY STATION PREPARING THEM FOR THEIR FUTURE CAREER. STUDENTS PREPARE AND SHARE TWO MEALS PER DAY WITH THE OTHER STUDENTS IN THE COHORT. THESE MEALS, ALONG WITH OTHER GROUP PROJECTS AND KITCHEN COMPETITIONS, TEACH TEAMWORK AND FORM BONDS BETWEEN STUDENTS. TIME IS SPENT CREATING RESUMES, HONING INTERVIEW SKILLS, AND MANAGING ONLINE SOCIAL MEDIA PRESENCE SO THAT EACH STUDENT CAN PRESENT THE BEST POSSIBLE VERSION OF THEMSELVES TO POTENTIAL EMPLOYERS. HATCH HSV RECEIVED THE DONATED USE OF A FACILITIY FOR TRAINING USE AT A VALUE OF $60,000.
FINANCIAL LITERACY IS A CORNERSTONE OF THE HATCH PROGRAM. STUDENTS ARE GIVEN A $1250 STIPEND AS AN INCENTIVE WHILE PARTICIPATING IN THE PROGRAM. BY PARTNERING WITH LOCAL BANKS, STUDENTS ARE INTRODUCED TO FUNDAMENTAL BANKING AND BUDGETING SKILLS TO GIVE THEM THE ABILITY TO MANAGE FINANCES TODAY AND TO BUILD FOR A BETTER FUTURE.
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 |
|---|---|---|---|
Beth S Boyer President | OfficerTrustee | 10 | $0 |
Garrett P Coyne Vice President | OfficerTrustee | 10 | $0 |
Maximilian J Grelier III Director | Trustee | 1 | $0 |
Remy F Gross III Director | Trustee | 1 | $0 |
Demarco Mcclain Member | Trustee | 1 | $0 |
Brenda Martin Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $280,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $45,930 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $325,930 |
| Total Program Service Revenue | $0 |
| Investment income | $5,526 |
| 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 | -$10,196 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $321,260 |
| 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 | $106,720 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,060 |
| 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 | $1,323 |
| Advertising and promotion | $1,732 |
| Office expenses | $237 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $4,322 |
| All other expenses | $23,201 |
| Total functional expenses | $295,837 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,397 |
| Savings and temporary cash investments | $189,234 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $202,631 |
| Accounts payable and accrued expenses | $2,822 |
| 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 | $2,822 |
| 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 | $127,396 |
| Total liabilities and net assets/fund balances | $202,631 |