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Hatch Hsv

Tax-deductible

Huntsville, AL501(c)(3)Youth DevelopmentEIN 84-4149292Revenue $205K in FY2024

On file with the IRShatchhsv.com512 Vincent Rd Se, 35802-2336 · Huntsville, ALTax-exempt since Jul 2020Publicly supported charity — 170(b)(1)(A)(vi)

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To combine life skills workshops with hospitality and culinary training into an intensive eight-week life changing program.

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
Run by 2 volunteers and 13 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $37K a year · 13% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 7.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $20K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$3K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$205K
-36% vs prior year
Spent
$251K
To programs
95%
Net assets
$154K
By yearFY2021–FY2024
Revenue
$205K
FY2024▼ -36%
Tap a bar for its year
Revenue by fiscal year
FY2021$199K
FY2022$366K
FY2023$321K
FY2024$205K
Expenses
$251K
FY2024▼ -15%
Tap a bar for its year
Expenses by fiscal year
FY2021$133K
FY2022$264K
FY2023$296K
FY2024$251K
Net assets
$154K
FY2024▼ -23%
Tap a bar for its year
Net assets by fiscal year
FY2021$72K
FY2022$174K
FY2023$200K
FY2024$154K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2020.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $239K Management & general 5% · $12K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
Beth S Boyer
President
$0Pt VII · Sec A
Garrett P Coyne
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Hatch Hsv executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Teaches life skills and culinary arts in an intensive program.

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Provided by the organization

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2 programs · $239K · in their own filed words · FY2024
01

Hatch participants train for all areas of our growing hospitality industry by participating in kitchen instruction time. Students will work with the executive chef in the kitchen as early as the second week of classes to hone their skills in the KITCHEN.THEY will be given the opportunity to work as busser, runner, server, host, dish…

$197Kprogram expense
02

Financial literacy is a cornerstone of the hatch program. Students are given a $1250 stipend as an incentive while participating in the program. By partnering with local banks, students are introduced to fundamental banking and budgeting skills to give them the ability to manage finances today and to build for a better future.

$42Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Paypal Charitable Giving FundFY2024$10K
Daffy Charitable FundFY2024$10K
Total grants receivedfrom 2 funders$20K

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$205K
Ln 12
Gifts and grantsLn 1h$214K
Investment incomeLn 3$9K
Money outPt IX
$251K
Ln 25
Programscol B$239K
Managementcol C$12K
Owns and owesPt X
$154K
net assets · Ln 32
Cash and savingsLn 1–2$157K
Total assetsLn 16$157K
LiabilitiesLn 26$3K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$214K
Government grantsLn 1e$190K
Investment incomeLn 3$9K
Total revenueLn 12$205K
Assets in detailPt X, end of year
CashLn 1$35K
SavingsLn 2$122K
Cash and savings togetherLn 1–2$157K
Total assetsLn 16$157K
LiabilitiesLn 26$3K
Net assetsLn 32$154K
OperationsPt I, VI
EmployeesI 513
VolunteersI 62
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$203K$157K
Total assetsLn 16$203K$157K
LiabilitiesLn 26$3K$3K
Net assetsLn 32$200K$154K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$135K$135K
Payroll taxesLn 10$11K$11K
Other fees for servicesLn 11g$2K$2K
Office expensesLn 13$727$727
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$77K$77K
All other expensesLn 24e$23K$17K$6K
Total functional expensesLn 25$251K$239K$12K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $205K$251K−$46K$154K 990 PDF
FY2023 $321K$296K$25K$200K 990 PDF
FY2022 $366K$264K$102K$174K 990 PDF
FY2021 $199K$133K$66K$72K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $205,108 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $325,930$214,417
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $5,526$9,132
I-11 Other revenuePrior year −$10,196−$18,441
I-12 Total revenuePrior year $321,260$205,108
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $114,780$145,976
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $181,057$105,393
I-18 Total expensesPrior year $295,837$251,369
I-19 Revenue less expensesPrior year $25,423−$46,261
Part VI · Governance 6 of 6 board members independent, 2 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $205,108 across 5 lines filed
Lines not itemized here account for −$18,441 of total revenue; see the IRS return.
VIII-1e Government grants$190,000
VIII-1f All other contributions, gifts and grants$24,417
VIII-1h Total contributions, gifts and grants$214,417
VIII-3 Investment incomeExcluded from tax $9,132$9,132
VIII-12 Total revenueRelated to mission $0 · Unrelated business −$18,441 · Excluded from tax $9,132$205,108
Part IX · Statement of functional expenses $251,369 across 7 lines filed
IX-7 Other salaries and wagesPrograms $134,613$134,613
IX-10 Payroll taxesPrograms $11,363$11,363
IX-11g Other fees for servicesManagement $1,610$1,610
IX-13 Office expensesManagement $727$727
IX-23 InsuranceManagement $3,404$3,404
IX-24 Other expenses (24a–d)Programs $76,633$76,633
IX-24e All other expensesPrograms $16,579 · Management $6,440$23,019
IX-25 Total functional expensesPrograms $239,188 · Management $12,181 · Fundraising $0$251,369
Part X · Balance sheet $156,631 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $13,397$35,053
X-2 Savings and temporary cash investmentsStart of year $189,234$121,578
X-16 Total assetsStart of year $202,631$156,631
X-17 Accounts payable and accrued expensesStart of year $2,822$3,083
X-26 Total liabilitiesStart of year $2,822$3,083
X-32 Total net assets or fund balancesStart of year $199,809$153,548
X-33 Total liabilities and net assetsStart of year $202,631$156,631
Part XI · Reconciliation of net assets $153,548 net assets at year end
XI-1 Total revenue$205,108
XI-2 Total expenses$251,369
XI-3 Revenue less expenses−$46,261
XI-4 Net assets at start of year$199,809
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$153,548

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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