Frank Hatch Community Youth Fund Inc
- Assets
- $210.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Castine, ME
- Founding
- 03/2012
- Data as of
- 12/2023
- EIN
- 45-3702614
Organization Overview
Frank Hatch Community Youth Fund Inc is located in Castine, ME. The organization was established in 2012. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Frank Hatch Community Youth Fund 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 12/2023, Frank Hatch Community Youth Fund Inc generated $118.5k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $92.7k during the year ending 12/2023. While expenses have increased by 2.7% per year over the past 9 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE HATCH COMMUNITY YOUTH FUND WORKS TO IMPROVE THE QUALIFY OF LIFE FOR THE RESIDENT YOUTH OF BROOKSVILLE, CASTINE & PENOBSCOT BY UNDERWRITING PARTICIPATION IN SPORTS AND RECREATION THROUGH INDIVIDUAL SCHOLARSHIPS AND PROGRAM GRANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emerson E Bruns Secretary | 2 | $0 | |
Andrea Hatch Director | 1 | $0 | |
Marianne Buchanan Vice Preside | 2 | $0 | |
Beth Sims Director | 1 | $0 | |
Serena Whitridge Director | 1 | $0 | |
Bud Fisher Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $114,819 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $3,890 |
| Gain or Loss | -$249 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $118,460 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $12,150 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $108 |
| Other expenses | $6,382 |
| Total expenses | $92,746 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $210,176 |
| Other assets | $0 |
| Total assets | $210,176 |
| Total liabilities | $0 |
| Net assets or fund balances | $210,176 |