Hatch Inc
- Assets
- $195.5k
- Revenue
- $406.2k
- Investments
- $0.0
- Employees
- 3
- Location
- Brattleboro, VT
- Founding
- 09/2014
- Data as of
- 12/2021
- EIN
- 46-2309129
Organization Overview
Hatch Inc is located in Brattleboro, VT. The organization was established in 2014. According to its NTEE Classification (A65) the organization is classified as: Theater, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Hatch Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hatch 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, Hatch Inc generated $406.2k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 38.1% each year . All expenses for the organization totaled $323.7k during the year ending 12/2021. 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 PROMOTE THE VALUE AND PRACTICE OF CRAFT BY PROVIDING THE INSTRUCTION, TOOLS AND SPACE TO SUPPORT A COMMUNITY OF MAKERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HATCH OPERATES HATCHSPACE, A COMMUNITY-SUPPORTED FACILITY DEDICATED TO PRESERVING THE ARTISTRY OF WOODWORKERS THROUGH ADVANCEMENT OF TRADITIONAL AND CONTEMPORARY WOODWORKING SKILLS AND METHODS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Bodett President | OfficerTrustee | 1 | $0 |
Phil Feidelseit VP | OfficerTrustee | 1 | $0 |
Stephen Shriner Treasurer | OfficerTrustee | 1 | $0 |
Lars Hasselblad Torres Executive Director | Officer | 20 | $0 |
Dyllan Nguyen Director | Trustee | 1 | $0 |
Gail Grycel Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $8,785 |
| Fundraising events | $7,090 |
| Related organizations | $0 |
| Government grants | $10,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $307,237 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $333,112 |
| Total Program Service Revenue | $71,197 |
| Investment income | $122 |
| 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 | $1,759 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $406,190 |
| 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 | $100,251 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,500 |
| Payroll taxes | $7,801 |
| Fees for services: Management | $18,500 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,101 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,324 |
| Advertising and promotion | $5,985 |
| Office expenses | $4,648 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $42,736 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $697 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,397 |
| Insurance | $5,257 |
| All other expenses | $87,495 |
| Total functional expenses | $323,687 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,271 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,026 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,958 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $127,289 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $195,544 |
| Accounts payable and accrued expenses | $17,023 |
| 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 | $96,261 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $113,284 |
| 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 | $82,260 |
| Total liabilities and net assets/fund balances | $195,544 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Hatch Inc has recieved totaling $21,020.
| Awarding Organization | Amount |
|---|---|
American Endowment Foundation Hudson, OH PURPOSE: ARTS, CULTURE | $16,000 |
Windham Foundation Grafton, VT PURPOSE: GENERAL SUPPORT | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $20 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York Shakespeare Festival New York, NY | $141,889,359 | $47,421,313 |
Fractured Atlas Inc New York, NY | $26,189,611 | $36,358,780 |
Roundabout Theatre Company Inc New York, NY | $173,392,210 | $30,369,133 |
Vivian Beaumont Theater Inc New York, NY | $199,499,593 | $19,952,200 |
American Repertory Theatre Cambridge, MA | $28,732,151 | $12,990,237 |
Signature Theatre Company New York, NY | $62,849,854 | $11,675,589 |
Playwrights Horizons Inc New York, NY | $27,151,743 | $13,749,281 |
Huntington Theatre Company Inc Boston, MA | $85,399,357 | $14,500,477 |
Manhattan Theatre Club Inc New York, NY | $95,784,807 | $15,978,594 |
Stella Adler Studio Of Acting New York, NY | $5,616,573 | $9,953,377 |
Storyville Center For The Spoken Word Inc New York, NY | $12,362,100 | $12,256,751 |
Second Stage Theatre New York, NY | $62,708,833 | $8,654,071 |