Hatch Foundation
- Assets
- $44.3m
- Revenue
- $1.4m
- Investments
- $43.8m
- Employees
- 0
- Location
- Springfield, MO
- Founding
- Data as of
- 12/2021
- EIN
- 84-3891130
Organization Overview
Hatch Foundation is located in Springfield, MO. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hatch Foundation 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 Foundation generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (65.9%) each year.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erin N Danastasio Executive Di | 10 | $15,600 | |
Tyler D Hellweg President | 1 | $0 | |
Kurt D Hellweg Director | 1 | $0 | |
Katherine R Hellweg Director | 1 | $0 | |
Cody S Danastasio Secretary/tr | 1 | $0 | |
Sheryl D Hellweg Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $96,170 |
| Dividends & Interest | $841,522 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $415,660 |
| Capital Gain Net Income | $415,660 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $77 |
| Total Revenue | $1,353,429 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $15,600 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $1,483 |
| Interest | $0 |
| Taxes | $142,536 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,923 |
| Printing and publications | $0 |
| Other expenses | $43,325 |
| Total operating and administrative expenses | $268,335 |
| Contributions, gifts, grants paid | $82,082 |
| Total expenses and disbursements | $350,417 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $488,805 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $44,298,410 |
| Accounts payable and accrued expenses | $247 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $247 |
Grants Awarded
Over the last fiscal year, Hatch Foundation has awarded $82,082 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
MIDXMIDWEST PURPOSE: COMMUNITY ART PROMOTION | $50,000 |
DOWNTOWN COUNCIL OF CHAMPIONS PURPOSE: BETTER BLOCK SGF | $12,680 |
Springfield, MO PURPOSE: CLEAN GREEN SPFLD INITIATIVE | $11,902 |
Springfield, MO PURPOSE: GIVE OZARKS | $5,000 |
Springfield, MO PURPOSE: SINGLE TRACK MIND FESTIVAL | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fund For The Arts Inc Louisville, KY | $9,833,007 | $6,108,558 |
Bravo Greater Des Moines Inc Des Moines, IA | $3,545,703 | $5,885,208 |
Net Foundation For Television Lincoln, NE | $25,243,567 | $5,881,957 |
Allied Arts Of Oklahoma Inc Oklahoma City, OK | $9,236,321 | $5,698,295 |
Civic Center Foundation Oklahoma City, OK | $10,342,313 | $5,787,753 |
Richard J Stern Foundation For The Arts Kansas City, MO | $50,258,336 | $4,476,999 |
Robert Allerton Trust Under Will Dated April 15 1964 Chicago, IL | $38,402,099 | $3,836,329 |
Memphis Museums Inc Memphis, TN | $7,243,926 | $3,293,679 |
Artsbuild Chattanooga, TN | $20,819,407 | $7,133,514 |
Lithuanian Foundation Lemont, IL | $53,188,345 | $6,129,593 |
David C & Sarajean Ruttenberg Arts Foundation Chicago, IL | $0 | $66,826 |
Richard & Ellen Sandor Art Foundation Chicago, IL | $0 | $3,100 |