Hatch Innovation Inc
- Assets
- $133.6k
- Revenue
- $289.4k
- Investments
- $0.0
- Employees
- 8
- Location
- Portland, OR
- Founding
- 09/2006
- Data as of
- 12/2019
- EIN
- 34-1996112
Organization Overview
Hatch Innovation Inc is located in Portland, OR. The organization was established in 2006. According to its NTEE Classification (B02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Education and related organizations. As of 12/2019, Hatch Innovation Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hatch Innovation 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 12/2019, Hatch Innovation Inc generated $289.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $307.8k during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (7.9%) per year over the past 5 years. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
LOCALLY AND GLOBALLY, THE ORGANIZATION HAS BEEN OPERATING PROGRAMS DESIGNED TO INCREASE THE CAPACITY OF INDIVIDUALS AND ENTERPRISE TO SOLVE COMMUNITY PROPBLEMS. OUR APPROACH HAS BEEN TO CULTIVATE AN INNOVATIVE ECOSYSTEM IN WHICH LEADERS CAN FLOURISH IN ANY COMMUNITY. THIS FRAMEWORK CONTINUES TO DRIVE OUR PROGRAMS: 1 TEACH THE CHANGE MAKER INSIDE EACH OF US 2 CREATE A HOME FOR COMMUNITY INNOVATORS TO FIND WHAT THEY NEED 3 CREATE NEW TOOLS THAT GROW COMMUNITY CAPITAL 4 BUILD ECOSYSTEMS FOR CITIZEN-LED CHANGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HATCH COMMUNITY INNOVATION LABS: AS SOCIAL ENTREPRENEURS DEVELOP THEIR BUSINESSES, THEY NEED PLACES TO WORK, LEARN AND GROW. WE LAUNCHED HATCH COMMUNITY LABS HATCH LABS IN LATE 2013 IN PORTLAND TO PROVIDE SUCH A PLACE - A PLACE FOR CHANGE LEADERS TO CALL HOME. THIS PROGRAM PROVIDES REVENUE FOR EDUCATIONAL PROGRAMS AND COMMUNITY EVENTS AS WELL AS PAYS FOR ITS EXPENSES. BECAUSE OF OUR SUCCESS IN PORTLAND, WE WERE INVITED TO A RURAL TOWN IN NE OREGON TO OPEN A SECOND HATCHLAB IN BAKER CITY. THIS OPENED IN OCTOBER 2016 ON MAIN STREET. IT HAS DEVELOPED PARTNERSHIPS WITH LEADING AGENCIES THROUGHOUT THE REGION, RECEIVED FUNDING SUPPORT FROM THE USDA AND BUSINESS OREGON, AND HAS FOUR TENANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Danielle Olson Executive Dir. | Officer | 40 | $28,427 |
Kristin Wolff Chairman | OfficerTrustee | 5 | $0 |
Bryson Davis Vice President | OfficerTrustee | 5 | $0 |
David Garnand Treasurer | OfficerTrustee | 5 | $0 |
Stephanie Fleming Chairman | OfficerTrustee | 5 | $0 |
Jeff Bailey Chairman | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $10,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,000 |
| Total Program Service Revenue | $279,405 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $289,430 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $310 |
| 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. | $28,427 |
| Compensation of current officers, directors, key employees. | $28,427 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $40,351 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,041 |
| Fees for services: Management | $974 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,446 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,001 |
| Office expenses | $14,823 |
| Information technology | $5,052 |
| Royalties | $0 |
| Occupancy | $180,461 |
| Travel | $205 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $271 |
| Interest | $1,508 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,805 |
| Insurance | $4,247 |
| All other expenses | $0 |
| Total functional expenses | $307,769 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,484 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $475 |
| 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 | $62,978 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $41,113 |
| Other assets | $6,556 |
| Total assets | $133,606 |
| Accounts payable and accrued expenses | $22,384 |
| 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 | $109,660 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $1,275 |
| Other liabilities | $11,276 |
| Total liabilities | $144,595 |
| 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 | -$10,989 |
| Total liabilities and net assets/fund balances | $133,606 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hatch Innovation Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Columbus Foundation Columbus, OH PURPOSE: URBAN AFFAIRS | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Corporation For Education Network Initiatives In California La Mirada, CA | $84,912,543 | $65,989,362 |
Gradient Learning Walnut, CA | $26,856,355 | $31,271,500 |
Green Dot Public Schools National Los Angeles, CA | $10,551,526 | $15,630,320 |
Equal Opportunity Schools Seattle, WA | $27,164,509 | $21,501,552 |
Excellent Education Development Los Angeles, CA | $11,092,379 | $14,067,993 |
Digital Green Foundation San Francisco, CA | $24,571,129 | $22,099,634 |
Rio Hondo Education Consortium Whittier, CA | $3,342,079 | $7,995,836 |
Beyond 12 Education Inc Oakland, CA | $8,854,205 | $13,660,419 |
Accrediting Commission For Schools Western Association Of Schools An Burlingame, CA | $8,710,989 | $6,512,676 |
Propel A Charter Management Group Inc Covina, CA | $5,751,248 | $5,358,058 |
Internet Archive Us San Francisco, CA | $536,242 | $3,003,154 |
California Farmlink Aptos, CA | $29,554,658 | $8,944,569 |