Hatch INC EIN 46-2309129 Form 990 (PDF) Claim this org

Hatch INC FY2021 filing

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Teaches craft skills, provides tools and space for makers. For fiscal year 2021 it reported $406K in revenue, $324K in expenses, and $82K in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Brattleboro, VT
Website
hatchspace.org
Filings
5 on file (2020–2021)
Revenue
$406KFY2021
Expenses
$324K
Net assets
$82K
People
8
Filings
5
Updates
0
More identity details & actions ⌄
EIN  46-2309129 Public charity (501(c)(3)) Brattleboro, VT
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Teaches craft skills, provides tools and space for makers.
Leadership
Gail Grycel · Director
Money in and out
$406K revenue, $324K expenses
Bottom line
80% program efficiency
Where the money goes · FY2021
Total revenue
$406K
Pt VIII · Ln 12
Total expenses
$324K
Pt IX · Ln 25
Net assets
$82K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $83K
Where spending went · Part IX cols B–D
Program services $0.80 Management & general $0.14 Fundraising $0.05
Program efficiency
80%
of spending reaches programs
Operating runway
2.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
+20%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$406K
FY2021▲ +138%
Expenses
$324K
FY2021
Total assets
$196K
FY2021
Total liabilities
$113K
FY2021
Total revenue
$406K
Pt VIII · Ln 12
Total expenses
$324K
Pt IX · Ln 25
Net assets
$82K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$83K
Total assetsPt X · Ln 16$196K
Program-expense ratioPt IX · col B80%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CHatch INC
EINHdr · item D46-2309129
Principal addressHdr · item CBrattleboro, VT
WebsiteHdr · item Jhatchspace.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MVT
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A65)
Ruling yearIRS BMFSep 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aNo
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
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A

Shelton Walker’s $81K as Executive Director is at the 76th 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

NameFY2024FY2023
Lars Hasselblad Torres$129,531
Shelton Walker$80,840

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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Mission & Programs · Part III

Where the work happens

1 program service account for $260K of program spending, described in the organization's own filed words · FY2021.
01

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.

$260Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$333K · 82%
Program service revenue$71K · 18%
Contributions & grants82%$333K
Program service revenue18%$71K
Investment income$122
Other revenue$2K
— government grantsLn 1e$10K
Total revenueLn 12$406K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.80 Management & general $0.14 Fundraising $0.05
Program services80%$260K
Management & general14%$46K
Fundraising5%$17K
Total functional expensesLn 25$324K

Balance Sheet

Part X · end of year
CashLn 1$61K
Total assetsLn 16$196K
Total liabilitiesLn 26$113K
Total net assetsLn 32$82K
Months of cash on handcomputed2.3

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $61K · Operating expenses/yr $324K
2.3 months
Where the money goes
Program services
Program services $260K · Total expenses $324K
80%
Management & General
Management & general $46K · Total expenses $324K
14%
Fundraising
Fundraising $17K · Total expenses $324K
5%
Cost to raise $1
Fundraising expense $17K · Solicited contributions $323K
$0.05 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $333K · Total revenue $406K
82%
Government reliance
Government grants $10K · Total revenue $406K
2%
Earned-income share
Program service revenue $71K · Total revenue $406K
18%
Investment reliance
Investment income $122 · Total revenue $406K
+0.03%
Program self-sufficiency
Program service revenue $71K · Total expenses $324K
22%
Growth & trend
Revenue growth (YoY)
This year $406K · Prior year $170K
+138%
Net-asset trend (YoY)
End of year $82K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $406K · Expenses $324K
+20%
Liabilities-to-Assets
Total liabilities — · Total assets $196K
Net-asset ratio
Net assets $82K · Total assets $196K
42%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $196K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Gail Grycel · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $324K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $121K · Total expenses $324K
37%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 80%
Overhead ratio 14%
Fundraising cost ratio 5%
Revenue growth 138%
Accounting fee ratio 4%

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
Total grants receivedfrom 2 funders$17K

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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)$472K revenue · ⤓ 990 PDF
FY2023$706K revenue · ⤓ 990 PDF
FY2022$522K revenue · ⤓ 990 PDF
FY2021$406K revenue · viewing · ⤓ 990 PDF
FY2020$170K revenue · ⤓ 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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