Hatch FY2021 filing

EIN 30-0261283 Public charity (501(c)(3)) Bozeman, MT

Form 990 (PDF)

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Size

$100K–1M

What they do

Connects leaders to innovate solutions for global issues, inspiring a better world.

Leadership

Yarrow Kraner · Chairman · $108K

Money in and out

$644K revenue, $625K expenses

Bottom line

80% program efficiency

Connects leaders to innovate solutions for global issues, inspiring a better world. For fiscal year 2021 it reported $644K in revenue, $625K in expenses, and $130K in net assets.Pt I

Where the money goes · FY2021

Total revenue

$644K

Pt VIII · Ln 12

Total expenses

$625K

Pt IX · Ln 25

Net assets

$130K

Pt X · Ln 32

Revenue less expenses (Pt I · Ln 19): $19K

Where spending went · Part IX cols B–D

80%

20%

Program services $0.80 Management & general $0.20

Program efficiency

80%

of spending reaches programs

Operating runway

3.5mo

months of highly liquid reserves at operating expense rate

Surplus margin

+3%

revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990

Revenue

$644K

FY2021

Expenses

$625K

FY2021

Total assets

$195K

FY2021

Total liabilities

$66K

FY2021

Total revenue

$644K

Pt VIII · Ln 12

Total expenses

$625K

Pt IX · Ln 25

Net assets

$130K

Pt X · Ln 32

Revenue less expensesPt I · Ln 19$19K

Total assetsPt X · Ln 16$195K

Program-expense ratioPt IX · col B80%

Voting members of governing bodyPt I · Ln 38

Independent voting membersPt I · Ln 46

Mission & Programs · Part III

Where the work happens

1 program service account for $500K of program spending, described in the organization's own filed words · FY2021.

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.

$500Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File

Legal nameHdr · item CHatch

EINHdr · item D30-0261283

Principal addressHdr · item CBozeman, MT

WebsiteHdr · item Jhatchexperience.org

Year of formationHdr · item Lpending

State of legal domicileHdr · item MMT

Exempt statusHdr · item I501(c)(3) · active

NTEE classificationIRS BMFArts & Culture (A40)

Ruling yearIRS BMFJul 2005

Governance & Policies

Part VI

Voting members of the governing bodyPt VI · Ln 1a8

Independent voting membersPt VI · Ln 1b6

Conflict-of-interest policyPt VI · Ln 12aYes

Whistleblower policyPt VI · Ln 13No

Document retention policyPt VI · Ln 14No

CEO/top-official compensation independently reviewedPt VI · Ln 15aNo

Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation

Yarrow Kraner

Chairman

$107,500Pt VII · Sec A

Jared Silverman

Director

$85,833Pt VII · Sec A

Elke Govertsen

Secretary

$0Pt VII · Sec A

Jay Hirschton

Chairman

$0Pt VII · Sec A

Susan Carstensen

Treasurer

$0Pt VII · Sec A

Erica Mackey

Chairman

$0Pt VII · Sec A

Renay Loper

Chairman

$0Pt VII · Sec A

Tony Bond

President

$0Pt VII · Sec A

Yarrow Kraner’s $100K as Chairman is at the 88th percentile of top reported officer pay among 2213 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

Name	FY2024	FY2023	FY2022	FY2021
Yarrow Kraner	$100,000	$100,000	$100,000	$107,500
Jared Silverman	$100,000	$88,333	$80,000	$85,833

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII

Contributions & grants$547K · 85%

Program service revenue$95K · 15%

Contributions & grants85%$547K

Program service revenue15%$95K

Other revenue$2K

Total revenueLn 12$644K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising

Allocation · columns B–D

80%

20%

Program services $0.80 Management & general $0.20

Program services80%$500K

Management & general20%$125K

Total functional expensesLn 25$625K

Balance Sheet

Part X · end of year

CashLn 1$180K

Total assetsLn 16$195K

Total liabilitiesLn 26$66K

Total net assetsLn 32$130K

Months of cash on handcomputed3.5

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it

Liquidity & Payout

Operating runway

Highly liquid reserves $180K · Operating expenses/yr $625K

3.5 months

Where the money goes

Program services

Program services $500K · Total expenses $625K

80%

Management & General

Management & general $125K · Total expenses $625K

20%

Fundraising

Fundraising $0 · Total expenses $625K

Cost to raise $1

Fundraising expense $0 · Solicited contributions $547K

Solicited contributions below reporting floor

Where the money comes from

Contribution dependence

Contributions & grants $547K · Total revenue $644K

85%

Government reliance

Government grants — · Total revenue $644K

—

Earned-income share

Program service revenue $95K · Total revenue $644K

15%

Investment reliance

Investment income $0 · Total revenue $644K

Program self-sufficiency

Program service revenue $95K · Total expenses $625K

15%

Growth & trend

Revenue growth (YoY)

This year $644K · Prior year —

No prior year on file

Net-asset trend (YoY)

End of year $130K · Beginning of year —

Beginning net assets not meaningfully positive — showing dollar change

Balance sheet

Surplus Margin

Revenue $644K · Expenses $625K

+3%

Liabilities-to-Assets

Total liabilities — · Total assets $195K

—

Net-asset ratio

Net assets $130K · Total assets $195K

66%

Marketable Investment Share

Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $195K

People & payroll

Highest Reported Total Compensation

Individual Yarrow Kraner · Reported title Chairman · Highest reported compensation $108K · Total expenses $625K

17%

Personnel share

Salaries, benefits & payroll (Pt IX 5-10) $293K · Total expenses $625K

47%

Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

Metric	This org	Peer median	Percentile
Program ratio	80%	—	—
Overhead ratio	20%	—	—
Fundraising cost ratio	0%	—	—
Investment management fee ratio	0%	—	—
Legal fee ratio	0%	—	—
Accounting fee ratio	1%	—	—
Fundraising fee ratio	0%	—	—

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record

Grants received · FY2024

PolicylinkFY2024$68K

Total grants receivedfrom 1 funder$68K

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Filings & Schedule Manifest

Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

FY2024 (Latest)$939K revenue · ⤓ 990 PDF

FY2023$1.0M revenue · ⤓ 990 PDF

FY2022$691K revenue · ⤓ 990 PDF

FY2021$644K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings

Form 990 e-file (XML) · FY2021IRS

Classification, formation year, addressIRS Business Master File

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