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Hatch Avl Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 814712143 ✦ Asheville, NC ✦ Designated as a 501(c)(3)

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Overview

What is Hatch Avl Foundation?

The Hatch AVL Foundation is a pivotal organization that supports high-growth entrepreneurs in Asheville and Western North Carolina. It offers a 90-day Pressure Test program, where founders collaborate with mentors to identify business challenges and devise strategies for success. This initiative has aided 15 companies thus far. Additionally, the foundation hosts 1 Million Cups events on a weekly basis, which connects entrepreneurs, mentors, and investors within the local startup ecosystem. These events attract an average of 45 attendees annually, with 36 businesses sharing their insights and experiences through presentations in 2022. The Hatch AVL Foundation serves as a hub for fostering entrepreneurial growth and innovation in the region.


Official website here: www.hatchinnovationhub.org

Is Hatch Avl Foundation legitimate?

Hatch Avl Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hatch Avl Foundation submitted a form 990EZ, 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.


Official website here: www.hatchinnovationhub.org

What is the mission statement of Hatch Avl Foundation?

The Hatch Avl Foundation serves as a hub for high-growth entrepreneurs, offering them necessary support. Its primary mission is to facilitate the success of these entrepreneurs by providing a 90-day Pressure Test program that helps identify business challenges and develop solutions. The foundation has assisted 15 companies through this initiative so far. Besides this, Hatch Avl Foundation organizes 1 Million Cups, an event that brings together founders, mentors, and investors, fostering connections within the local startup ecosystem. This weekly event attracts an average of 45 attendees, providing a platform for 36 companies to share their insights and experiences through presentations in 2022.


Official website here: www.hatchinnovationhub.org

Who is the CEO of Hatch Avl Foundation?

Charlie Ball is the Treasurer of Hatch Avl Foundation.


Official website here: www.hatchinnovationhub.org

What is the revenue of Hatch Avl Foundation?

Hatch Avl Foundation's revenue in 2022 was $185,030.


Official website here: www.hatchinnovationhub.org

Who are the executives of Hatch Avl Foundation and what are their salaries?


Here are 13 key members and their salaries:


George Glackin (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Buehler (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charlie Ball (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Laura Juarez (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Baer (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Meghan Bausone (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Angela Brandt (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jesse Fripp (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eileen Hutchison (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jon Jones (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Kaplan (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Meg Ragland (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Maui Vang (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.hatchinnovationhub.org

Where can I find the form 990EZ for Hatch Avl Foundation?

Hatch Avl Foundation's most recent form 990EZ was submitted in 2022 and can be accessed here.


Official website here: www.hatchinnovationhub.org

Learn more at the official website: www.hatchinnovationhub.org

Mission Statement of Hatch Avl Foundation

The Hatch AVL Foundation plays a vital role in supporting high-growth entrepreneurs in their journey. Its mission is to serve as a hub for these budding business leaders, offering them the resources and guidance they need to overcome challenges and chart a path to success. One of the foundation's primary initiatives is the Pressure Test program, a 90-day mentorship program designed to help founders identify and address business obstacles. To date, this program has benefited 15 companies.

Beyond the Pressure Test program, Hatch AVL Foundation also hosts 1 Million Cups, an event that brings together founders, mentors, and investors to engage with the local startup ecosystem. This weekly event attracts an average of 45 attendees, providing a platform for 36 companies to share their knowledge and experience through presentations in 2022. By facilitating such interactions, Hatch AVL Foundation fosters a supportive community where entrepreneurs can learn, grow, and network with like-minded individuals.

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Impact




October, 2024

Hatch AVL Foundation significantly impacts the entrepreneurial landscape in Asheville and Western North Carolina. By serving as a central hub for high-growth entrepreneurs, it facilitates the development of sustainable businesses through its innovative 90-day Pressure Test program. This program connects founders with experienced mentors, enabling them to identify and overcome business obstacles while creating a tailored path to success. So far, 15 companies have benefited from this rigorous support framework.

Additionally, Hatch AVL Foundation actively fosters community engagement and knowledge sharing within the startup ecosystem through its weekly event, 1 Million Cups. This gathering not only brings together founders and mentors but also engages potential investors, strengthening the network of resources available to entrepreneurs. With an average attendance of 45 participants and 36 companies presenting insights and learnings in 2022, the event highlights a vibrant exchange of ideas and experiences. Ultimately, Hatch AVL Foundation plays a crucial role in nurturing the growth and sustainability of local startups, thereby contributing to the overall improvement of the community.




This information is meant to be a general summary of Hatch Avl Foundation. 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.

Revenue
$185,030 (2022)
Expenses
$114,484 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $185,030

Assets and Liabilities:

  • Total Assets: $195,857
  • Total Liabilities: $0
  • Net Assets: $195,857

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Organization Details

Principal Officer

Charlie Ball

Main Address

PO Box 5199, Asheville, NC, 28813

NTEE Category

Code: S43 - Community improvement

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