Hatch
- Assets
- $195.5k
- Revenue
- $644.3k
- Investments
- $0.0
- Employees
- 3
- Location
- Bozeman, MT
- Founding
- 07/2005
- Data as of
- 12/2021
- 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 12/2021, 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 12/2021, Hatch generated $644.3k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $625.0k during the year ending 12/2021. While expenses have increased by 11.2% per year over the past 6 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
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yarrow Kraner Chairman | Trustee | 40 | $107,500 |
Jared Silverman Director | OfficerTrustee | 40 | $85,833 |
Elke Govertsen Secretary | Trustee | 0.4 | $0 |
Jay Hirschton Chairman | Trustee | 0.4 | $0 |
Susan Carstensen Treasurer | Trustee | 0.4 | $0 |
Renay Loper Chairman | Trustee | 0.4 | $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 | $546,682 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $546,682 |
| Total Program Service Revenue | $95,195 |
| 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 | $2,396 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $644,273 |
| 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. | $193,333 |
| Compensation of current officers, directors, key employees. | $38,667 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $64,167 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,235 |
| Payroll taxes | $20,508 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,578 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $67,170 |
| Advertising and promotion | $8,581 |
| Office expenses | $295 |
| Information technology | $10,552 |
| Royalties | $0 |
| Occupancy | $138,921 |
| Travel | $14,969 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $177 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,704 |
| Insurance | $6,495 |
| All other expenses | $12,930 |
| Total functional expenses | $625,046 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $180,166 |
| 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 | $0 |
| Net Land, buildings, and equipment | $2,029 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $6,248 |
| Other assets | $7,052 |
| Total assets | $195,495 |
| Accounts payable and accrued expenses | $4,896 |
| 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 | $7,204 |
| Total liabilities | $65,639 |
| Net assets without donor restrictions | $129,856 |
| 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 | $195,495 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hatch has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Moonlight Community Foundation Big Sky, MT PURPOSE: HATCH SMART PROGRAM: NEXTGEN TO BUILD OFF SUCCESS WITH THE SMART PROGRAM, A NATIONALLY RECOGNIZED STEM PROGRAM, TO INSPIRE STEWARDSHIP OF THE YELLOWSTONE AND GALLATIN WATERSHEDS. | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Art Association Of Jackson Hole Jackson, WY | $1,265,273 | $1,643,063 |
Hatch Bozeman, MT | $195,495 | $644,273 |
Sculpturewalk Inc Sioux Falls, SD | $2,909,587 | $385,029 |
T-Craft Aero Club Inc Nampa, ID | $670,757 | $340,728 |
Lander Art Center Lander, WY | $97,694 | $213,430 |
Waterworks Art Museum Miles City, MT | $922,320 | $146,998 |
Surels Place Inc Boise, ID | $243,296 | $0 |
Western Montana Creative Initiatives Missoula, MT | $29,528 | $0 |
Clay Arts Guild Of Helena Helena, MT | $103,794 | $0 |
Teton Arts Council Driggs, ID | $111,557 | $0 |
Blackfoot Pathways Sculpture In The Wild Lincoln, MT | $341,308 | $109,847 |
Citizens Council For The Arts Inc Coeur Dalene, ID | $238,040 | $0 |