Totals
- Total revenue
- $1,083,986
- Total expenses
- $930,359
- Contributions and grants received
- $578,625
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $505,158
- Other revenue
- $203
- Total assets, end of year
- $17,015,069
- Total liabilities, end of year
- $5,011,866
- Net assets or fund balances, end of year
- $12,003,203
- Program services expenses (Part IX)
- $527,520
- Management and general expenses
- $326,924
- Fundraising expenses
- $75,915
- Program service expenses (Part III)
- $527,520
Program services were 56.7% 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.
-
1c · Fundraising events
$205,925
-
1f · All other contributions, gifts and grants
$372,700
-
3 · Investment income
total $527,382 · excluded $527,382
-
7a · Gross sales of assets other than inventory
securities $8,146,899
-
7b · Less cost or other basis and sales expenses
securities $8,169,123
-
7c · Gain or loss
securities -$22,224
-
7d · Net gain or loss
total -$22,224 · excluded -$22,224
-
8a · Fundraising events: gross income
$27,375
-
8a · Fundraising events: contributions included on line 1c
$205,925
-
8b · Fundraising events: direct expenses
$28,172
-
8c · Net income from fundraising events
total -$797 · excluded -$797
-
11d · All other revenue
total $1,000 · related or exempt $1,000
-
11e · Other revenue, total
$1,000
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $244,126 · program services $170,888 · management and general $48,825 · fundraising $24,413
-
7 · Other salaries and wages
total $219,420 · program services $153,594 · management and general $43,884 · fundraising $21,942
-
8 · Pension plan contributions
total $8,502 · program services $5,951 · management and general $1,700 · fundraising $851
-
9 · Other employee benefits
total $22,153 · program services $15,507 · management and general $4,431 · fundraising $2,215
-
10 · Payroll taxes
total $30,257 · program services $21,180 · management and general $6,051 · fundraising $3,026
-
11c · Fees: accounting
total $23,546 · program services $2,306 · management and general $20,897 · fundraising $343
-
11f · Fees: investment management
total $91,414 · management and general $91,414
-
11g · Fees: other
total $126,811 · program services $97,151 · management and general $18,137 · fundraising $11,523
-
12 · Advertising and promotion
total $4,353 · management and general $4,353
-
13 · Office expenses
total $12,743 · program services $7,032 · management and general $2,157 · fundraising $3,554
-
16 · Occupancy
total $35,237 · program services $25,623 · management and general $5,622 · fundraising $3,992
-
17 · Travel
total $8,385 · program services $7,126 · fundraising $1,259
-
19 · Conferences, conventions and meetings
total $40,985 · management and general $40,985
-
23 · Insurance
total $9,872 · management and general $9,872
-
24a · Other expenses: DUES AND SUBSCRIPTION
total $30,969 · program services $20,997 · management and general $7,285 · fundraising $2,687
-
24b · Other expenses: MISCELLANEOUS
total $16,648 · program services $50 · management and general $16,598
-
24c · Other expenses: CREDIT CARD/BANK FEES
total $4,938 · program services $115 · management and general $4,713 · fundraising $110
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $3,317,359 · end of year $1,518,217
-
3 · Pledges and grants receivable
beginning of year $600,000 · end of year $450,000
-
11 · Investments: publicly traded securities
beginning of year $12,838,918 · end of year $15,046,852
-
17 · Accounts payable and accrued expenses
beginning of year $13,095 · end of year $11,866
-
18 · Grants payable
beginning of year $6,000,000 · end of year $5,000,000
-
27 · Net assets without donor restrictions
beginning of year $9,782,513 · end of year $11,320,959
-
28 · Net assets with donor restrictions
beginning of year $960,669 · end of year $682,244
Mission and programs · 2023
Mission
THE ORRIN G. HATCH FOUNDATION IS AN INCUBATOR FOR POLICY SCHOLARSHIP, A FORUM FOR POLITICAL DISCOURSE, A SPRINGBOARD FOR CIVIC ENGAGEMENT, AND A WORLD-CLASS REPOSITORY OF MODERN AMERICAN LEGISLATIVE HISTORY KNOWN AS THE ORRIN G. HATCH COLLECTION.
-
THE ORGANIZATION CONTINUES TO HOST NUMEROUS SENATORS, FOREIGN POLICY EXPERTS, INDUSTRY LEADERS, AND LEADING SCHOLARS TO DISCUSS THE CHALLENGES FACING OUR COUNTRY. IN-PERSON AND VIRTUAL EVENTS ARE PERIODICALLY HELD, ADDRESSING LEGISLATIVE ISSUES OF THE DAY AND BRINGING STAKEHOLDERS TOGETHER FOR CIVIL, BIPARTISAN SOLUTIONS. 2023 SAW THE CONTINUATION OF THE SENATE PROJECT DEBATE SERIES, WITH SENATORS PARTICIPATING IN DEBATES IN JUNE AND SEPTEMBER. THE YEAR'S POLICY PROGRAMMING INCLUDED A CONGRESSIONAL CLIMATE BOOTCAMP IN WASHINGTON, DC, A WEBINAR HIGHLIGHTING INTELLECTUAL PROPERTY RIGHTS IN JUNE, AND A WEBINAR DISCUSSING 30 YEARS OF THE RELIGIOUS FREEDOM RESTORATION ACT IN NOVEMBER. THE ORGANIZATION ALSO DEDICATED AN INTERN HOUSING FACILITY IN DC AND HELD ITS INAUGURAL TITAN OF PUBLIC SERVICE GALA.
Expenses $527,520
As filed on the 2023 return.
Listed in Part VII
-
Matthew SandgrenMATTHEW SANDGREN
EXECUTIVE DIRECTOR
- Total calculated
- $244,125
- From this org
- $232,500
- From related orgs
- $0
- Other
- $11,625
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $230,000
- Bonus
- $2,500
- Other
- $0
- Deferred
- $11,625
- Nontaxable benefits
- $0
- Filer's total
- $244,125
-
A Scott AndersonA SCOTT ANDERSON
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 5
-
Gordon SmithGORDON SMITH
TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
John K CastleJOHN K CASTLE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Kem C GardnnerKEM C GARDNNER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Spencer ZwickSPENCER ZWICK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Jess HatchJESS HATCH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Carine ClarkCARINE CLARK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
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 · Form 990 of other organizations
- 3 · Written employment contract
- 3 · Compensation survey or study
- 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
The filer's explanations (Part III)
- PART I, LINE 3
- THE ORGANIZATION DOES BOTH A COMPENSATION SURVEY OR STUDY AS WELL AS COMPARING TO OTHER ORGANIZATIONS' 990.
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 23 July 2024
- IRS schema version
- 2023v5.1
- Source object
- 202432329349300628
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