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Nonprofiteer
← HATCH INC

Form 990 for tax year 2023

Filed by HATCH INC.

Totals

Total revenue
$3,259,356
Total expenses
$3,448,709
Contributions and grants received
$2,003,158
Grants paid
$1,923,867
Program service revenue
$0
Investment income
$1
Other revenue
$1,256,197
Total assets, end of year
$807,473
Total liabilities, end of year
$1,036,031
Net assets or fund balances, end of year
-$228,558
Program services expenses (Part IX)
$2,384,411
Management and general expenses
$793,661
Fundraising expenses
$270,637
Program service expenses (Part III)
$2,384,411

Program services were 69.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $2,003,158

  • 1g · Noncash contributions included above

    $1,923,027

  • 3 · Investment income

    total $1 · excluded $1

  • 10a · Gross sales of inventory

    $15,524,546

  • 10b · Cost of goods sold

    $14,268,349

  • 10c · Net income from sales of inventory

    total $1,256,197 · related or exempt $1,256,197

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,923,867 · program services $1,923,867

  • 5 · Compensation of officers, directors and key employees

    total $344,467 · program services $88,712 · management and general $176,467 · fundraising $79,288

  • 7 · Other salaries and wages

    total $292,715 · program services $75,384 · management and general $149,955 · fundraising $67,376

  • 9 · Other employee benefits

    total $46,848 · program services $18,231 · management and general $16,942 · fundraising $11,675

  • 10 · Payroll taxes

    total $52,871 · program services $13,616 · management and general $27,085 · fundraising $12,170

  • 11c · Fees: accounting

    total $10,900 · management and general $10,900

  • 11g · Fees: other

    total $365,756 · program services $91,318 · management and general $192,820 · fundraising $81,618

  • 12 · Advertising and promotion

    total $95,911 · management and general $95,911

  • 13 · Office expenses

    total $17,523 · program services $626 · management and general $12,732 · fundraising $4,165

  • 14 · Information technology

    total $10,774 · program services $385 · management and general $7,828 · fundraising $2,561

  • 16 · Occupancy

    total $22,753 · management and general $22,753

  • 17 · Travel

    total $45,544 · program services $11,386 · management and general $22,772 · fundraising $11,386

  • 19 · Conferences, conventions and meetings

    total $29,584 · management and general $29,584

  • 20 · Interest

    total $17,297 · management and general $17,297

  • 23 · Insurance

    total $5,209 · program services $5,209

  • 24a · Other expenses: EVENTS AND PROGRAM

    total $156,814 · program services $148,973 · management and general $7,443 · fundraising $398

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $9,190 · program services $6,704 · management and general $2,486

  • 24c · Other expenses: BAD DEBTS

    total $686 · management and general $686

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $12,151 · end of year $23,258

  • 4 · Accounts receivable

    beginning of year $551,852 · end of year $784,215

  • 17 · Accounts payable and accrued expenses

    beginning of year $442,208 · end of year $736,031

  • 23 · Secured mortgages and notes payable

    end of year $300,000

  • 27 · Net assets without donor restrictions

    beginning of year $47,446 · end of year -$228,558

  • 28 · Net assets with donor restrictions

    beginning of year $74,349 · end of year $0

Mission and programs · 2023

Mission

HATCH FOR HUNGER CONNECTS EGG PRODUCERS WITH FOOD BANKS AND PANTRIES TO PROVIDE QUALITY PROTEIN TO UNDERNOURISHED PEOPLE. IN 2023, WE EXPANDED FROM 48 TO 80+ FOOD BANKS IN 36 STATES, DELIVERING 11.15 MILLION DOZEN EGGS AND OVER 80,000 POUNDS OF CHICKEN.

Activities or mission (Part I)

HATCH FOR HUNGER IS A NEW WAY TO FIGHT HUNGER THAT MAKES IT EASY FOR CONSUMERS, GROCERY STORES, AND LOCAL FARMERS TO PROVIDE QUALITY PROTEIN TO UNDERNOURISHED PEOPLE OF ALL AGES.

  • PROVIDE QUALITY PROTEIN TO UNDERNOURISHED PEOPLE OF ALL AGES.

    Expenses $2,384,411 · Grants $1,923,867 · Revenue $1,256,197

As filed on the 2023 return.

Listed in Part VII

  • Jeff Simmons

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Tim Hassinger

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Alan Dorantes

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Bailey Rayford

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Mitch Frazier

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Marcus Rust

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Sam Krouse

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Randall Reichmann

    CFO/TREASURER

    Total calculated
    $146,508
    From this org
    $143,825
    From related orgs
    $0
    Other
    $2,683
    Hours/week
    40

  • Daniel Leckie

    ED/SECRETARY

    Total calculated
    $197,959
    From this org
    $183,111
    From related orgs
    $0
    Other
    $14,848
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,711
    Bonus
    $33,800
    Other
    $600
    Deferred
    $0
    Nontaxable benefits
    $14,848
    Filer's total
    $197,959

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
7 August 2024
IRS schema version
2023v5.1
Source object
202422209349300987

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