Overview
What is Hatch?
Hatch is a forward-thinking nonprofit organization based in Bozeman, Montana. With a small team of three individuals, Hatch serves as a platform for assembling influential minds to tackle real-world challenges. Their unique approach leverages the vast resources of the Hatch Network to bring together a dynamic team of change agents, fostering fresh perspectives and innovative strategies to benefit companies and organizations worldwide. Embracing a global outlook, Hatch's collaborations aim to address pressing issues across various disciplines and industries, inspiring and mentoring others to contribute to a more improved world.
Official website here: www.hatchexperience.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Star rating)
Hatch has earned a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance as well as community engagement. With an impressive Accountability & Finance score of 83%, the organization demonstrates effective management of its resources, including a high program expense ratio of 81.92%, indicating that most of its funds are directed toward its programs. The organization benefits from a largely independent board, with 85% of its board members being independent, ensuring transparency and effective governance.
In terms of community engagement, Hatch scored exceptionally well with a Culture & Community score of 98%. The organization actively collects and utilizes feedback, scoring a perfect 100 in both feedback collection and usage. This strong commitment to equity is evidenced by its high scores in equity strategies and policies, showcasing a dedication to building an inclusive environment.
Despite these strengths, there are some areas for improvement. The absence of a whistleblower policy and a document retention and destruction policy indicates potential gaps in governance practices. Additionally, the nonprofit's tax form is not readily available on its website, which could hinder transparency efforts. Addressing these limitations could enhance its overall accountability and strengthen both donor trust and community engagement.
This AI summary has been generated from information found on Charity Navigator.
Is Hatch legitimate?
Hatch is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hatch submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $180,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $60,000
For more financial information, click here
Official website here: www.hatchexperience.org
What is the mission statement of Hatch?
Hatch is a global network that fosters collaborations among influential thinkers, driving innovations across various disciplines and industries. Their primary objective is to tackle global issues, inspire and mentor individuals, all with the aim of improving the world. Hatch operates as a think tank, bringing together a diverse group of change agents to address real-world challenges. The platform leverages the vast resources of the Hatch network to assemble teams with fresh perspectives and innovative approaches, providing solutions to companies and organizations.
Official website here: www.hatchexperience.org
Who is the CEO of Hatch?
Jared Silverman is the Chairman of Hatch.
Official website here: www.hatchexperience.org
What is the revenue of Hatch?
Hatch's revenue in 2022 was $691,311.
Official website here: www.hatchexperience.org
Who are the executives of Hatch and what are their salaries?
The average compensation at Hatch during 2022 was $80,000. There are 3 employees and 30 volunteers at Hatch.
Here are 8 key members and their salaries:
- Compensation: $100,000
- Related: $0
- Other: $0
- Compensation: $80,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.hatchexperience.org
Where can I find the form 990 for Hatch?
Hatch's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hatchexperience.org
Learn more at the official website: www.hatchexperience.org
Mission Statement of Hatch
Hatch, a global network of influential thinkers, is committed to fostering collaborations that lead to innovations spanning various disciplines and industries. Their mission is to address pressing global issues, inspire and mentor, all with the ultimate goal of creating a better world. By bringing together diverse influencers, Hatch serves as a think tank, assembling teams of change-makers with innovative approaches to tackle real-world challenges. The Hatch platform leverages the extensive resources within its network to curate teams of forward-thinking individuals who can offer fresh perspectives and effective execution strategies to companies and organizations.
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Impact
July, 2024
Hatch's impact lies in its ability to bring together diverse influencers and thought leaders to collaborate on solving real-world challenges. By tapping into the incredible resource of the Hatch network, Hatch Lab acts as a think tank that curates a team of change agents with new ways of thinking and executing solutions for companies and organizations. This results in innovations across various disciplines and industries, ultimately aiming to create a better world.
This information is meant to be a general summary of Hatch. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $274,747
- Gross Receipts: $691,311
Assets and Liabilities:
- Total Assets: $206,276
- Total Liabilities: $64,231
- Net Assets: $142,045
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HATCH TICKET FEES
Revenue
$274,247
OTHER PROGRAM INCOME
Revenue
$500
Organization Details
Founding Year
2004
Phone
(928) 203-6484Principal Officer
Jared Silverman
Main Address
PO BOX 6340, BOZEMAN, MT, 59771
Website
www.hatchexperience.orgNTEE Category
Code: A40 - Arts
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