Skip to content
Nonprofiteer
← HATCH INC

Form 990 for tax year 2022

Filed by HATCH INC.

Totals

Total revenue
$3,737,704
Total expenses
$3,607,979
Contributions and grants received
$3,135,159
Grants paid
$2,704,745
Program service revenue
$0
Investment income
$29,904
Other revenue
$572,641
Total assets, end of year
$564,003
Total liabilities, end of year
$442,208
Net assets or fund balances, end of year
$121,795
Program services expenses (Part IX)
$2,985,083
Management and general expenses
$437,780
Fundraising expenses
$185,116
Program service expenses (Part III)
$2,985,083

Program services were 82.7% 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

    $3,135,159

  • 1g · Noncash contributions included above

    $2,691,224

  • 7a · Gross sales of assets other than inventory

    other assets $67,000

  • 7b · Less cost or other basis and sales expenses

    other assets $37,096

  • 7c · Gain or loss

    other assets $29,904

  • 7d · Net gain or loss

    total $29,904 · excluded $29,904

  • 10a · Gross sales of inventory

    $7,625,608

  • 10b · Cost of goods sold

    $7,052,967

  • 10c · Net income from sales of inventory

    total $572,641 · related or exempt $572,641

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,704,745 · program services $2,704,745

  • 5 · Compensation of officers, directors and key employees

    total $339,238 · program services $115,094 · management and general $161,098 · fundraising $63,046

  • 7 · Other salaries and wages

    total $139,690 · program services $48,296 · management and general $64,111 · fundraising $27,283

  • 9 · Other employee benefits

    total $14,259 · program services $4,245 · management and general $8,231 · fundraising $1,783

  • 10 · Payroll taxes

    total $37,482 · program services $14,009 · management and general $20,216 · fundraising $3,257

  • 11b · Fees: legal

    total $90 · fundraising $90

  • 11c · Fees: accounting

    total $11,323 · fundraising $11,323

  • 11g · Fees: other

    total $183,456 · program services $46,504 · management and general $61,732 · fundraising $75,220

  • 12 · Advertising and promotion

    total $55,321 · management and general $55,321

  • 13 · Office expenses

    total $7,440 · program services $190 · management and general $6,845 · fundraising $405

  • 14 · Information technology

    total $7,326 · program services $187 · management and general $6,741 · fundraising $398

  • 16 · Occupancy

    total $29,066 · program services $24,492 · management and general $4,574

  • 17 · Travel

    total $36,541 · program services $1,588 · management and general $32,642 · fundraising $2,311

  • 19 · Conferences, conventions and meetings

    total $7,347 · program services $1,200 · management and general $6,147

  • 20 · Interest

    total $8,608 · management and general $8,608

  • 22 · Depreciation, depletion and amortization

    total $17,258 · program services $17,258

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

    total $8,388 · program services $7,275 · management and general $1,113

  • 24b · Other expenses: MISCELLANEOUS

    total $401 · program services $0 · management and general $401

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,140 · end of year $12,151

  • 4 · Accounts receivable

    beginning of year $85,035 · end of year $551,852

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $54,353 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $13,532 · end of year $442,208

  • 25 · Other liabilities

    beginning of year $136,926 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year -$7,930 · end of year $47,446

  • 28 · Net assets with donor restrictions

    end of year $74,349

Mission and programs · 2022

Mission

HATCH FOR HUNGER CONNECTS EGG PRODUCERS WITH FOOD BANKS AND PANTRIES TO PROVIDE QUALITY PROTEIN TO UNDERNOURISHED PEOPLE. IN 2022, WE EXPANDED FROM 12 TO 48 FOOD BANKS IN 20 STATES, DELIVERING 5.1 MILLION DOZEN EGGS (OVER 30,000,000 TWO-EGG MEALS).

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 $2,985,083 · Grants $2,704,745 · Revenue $7,625,608

As filed on the 2022 return.

Listed in Part VII

  • Jeff Simmons

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Bailey Rayford

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Marcus Rust

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Alan Dorantes

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Sam Krouse

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Randall Reichmann

    CHIEF FINANCIAL OFFICER

    Total calculated
    $165,171
    From this org
    $143,000
    From related orgs
    $0
    Other
    $22,171
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $114,400
    Bonus
    $28,600
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $22,171
    Filer's total
    $165,171

  • Daniel Leckie

    EXECUTIVE DIRECTOR

    Total calculated
    $174,066
    From this org
    $150,550
    From related orgs
    $0
    Other
    $23,516
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $135,200
    Bonus
    $15,000
    Other
    $350
    Deferred
    $0
    Nontaxable benefits
    $23,516
    Filer's total
    $174,066

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

None.

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
2022
Filed
6 October 2023
IRS schema version
2022v5.0
Source object
202312829349300421

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.