Nonprofit · EIN 81-4712143
HATCH AVL FOUNDATION
Tax-exempt · ASHEVILLE, NC 28813
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $274,169 | $172,443 | $101,726 | $222,896 | $630 | $222,266 |
| December 31, 2023 | 990-EZ | $113,316 | $188,633 | -$75,317 | $122,766 | $2,226 | $120,540 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $271,828
- Program service revenue
- $2,341
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $8,120
- Legal fees
- $1,675
- Accounting fees
- $5,141
- Occupancy
- $7,944
- Depreciation
- $2,074
- Program services (functional)
- $132,856
- Management and general (functional)
- $31,259
- Fundraising (functional)
- $8,328
Balance sheet and other
- Total assets, start of year
- $122,766
- Total assets, end of year
- $222,896
- Total liabilities, end of year
- $630
- Net assets, end of year
- $222,266
- Land, buildings and equipment
- $661
- Net assets without donor restrictions
- $22,707
- Net assets with donor restrictions
- $199,559
- Gross receipts
- $274,169
- Employees
- 0
- Volunteers
- 50
- Year formed
- 2016
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Mike Baer | Chair Trustee or director, Officer | 8 | $0 |
| Maui Vang | Vice Chair Trustee or director, Officer | 8 | $0 |
| Isaac Rowles | Treasurer Trustee or director, Officer | 8 | $0 |
| Jesse Fripp | Member Trustee or director | 1 | $0 |
| Eileen Hutchinson | Member Trustee or director | 8 | $0 |
| Susan Clark Muntean | Member Trustee or director | 1 | $0 |
| Kim Celentano | Member Trustee or director | 1 | $0 |
990-EZ for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Charlie Ball | Board Member | 2 | $2,500 |
| Mike Baer | Chair | 15 | $0 |
| Maui Vang | Vice Chair | 5 | $0 |
| Chris Buehler | Treasurer | 2 | $0 |
| Laura Juarez | Secretary | 2 | $0 |
| Angela Brandt | Board Member | 2 | $0 |
| Kim Celentano | Board Member | 2 | $0 |
| Chris Devault | Board Member | 2 | $0 |
| Jesse Fripp | Board Member | 2 | $0 |
| Eileen Hutchison | Board Member | 2 | $0 |
| Jon Jones | Board Member | 2 | $0 |
| Jeff Kaplan | Board Member | 2 | $0 |
| Susan Clark Muntean | Board Member | 2 | $0 |
| Meg Ragland | Board Member | 2 | $0 |
| Betty Shotton | Board Member | 2 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 5199, ASHEVILLE, NC 28813-5199
- Mailing address (990-N for 2020)
- PO Box 5199, Asheville NC 28813
- Principal officer (990 for 2024)
- Isaac Rowles, 45 S French Broad Ave, Asheville, NC 28801
- Principal officer (990-N for 2020)
- Charles Ball, P O Box 5519, Asheville NC 28813
- Signed the 990
- Isaac Rowles, Treasurer
- Phone
- (828) 337-5955
- Website
- hatchinnovationhub.org
- Return prepared by
- CORLISS & SOLOMON PLLC
Mission
The Hatch Innovation Hub is the home of high growth focused entrepreneurs in Asheville and Western North Carolina.
Program accomplishments
- Pressure Tests: This 30-to-90-day sprint with expert, handpicked mentors help entrepreneurs pinpoint obstacles and pave the way to success. In 2024 six companies completed pressure tests.Expenses $132,856 · revenue $2,341
- 1-Million Cups: This program connects founders, mentors, and investors to the WNC Startup ecosystem. This weekly event averages over 50 attendees. In 2024 52 companies presented, sharing a wealth of knowledge with participants.
- Pitch Parties: This program provides a safe environment for entrepreneurs to pitch their ideas to peers, founders, and investors, which is a crucial skill for success. In 2024 there were 7 pitch parties with 5-8 companies presenting at each with an average of 30 attendees.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 81-4712143
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2017
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S43)
- Assets (IRS master file)
- $222,896
- Income (IRS master file)
- $274,169
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $274,169 | $172,443 | $222,896 | XML |
| 990-EZ | December 2023 | $113,316 | $188,633 | $122,766 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-N for 2020 Officer: Charles Ball | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: Charles Ball | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 81-4712143).
Questions about HATCH AVL FOUNDATION
- What is the EIN of HATCH AVL FOUNDATION?
- The employer identification number (EIN) of HATCH AVL FOUNDATION is 81-4712143.
- Is HATCH AVL FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to HATCH AVL FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HATCH AVL FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of HATCH AVL FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HATCH AVL FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of HATCH AVL FOUNDATION?
- The 990 for the year ended December 31, 2024 names Isaac Rowles.
- Who are the officers and directors of HATCH AVL FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does HATCH AVL FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $274,169, expenses of $172,443 and total assets of $222,896 at year end.
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All nonprofits in ASHEVILLE · North Carolina · Community improvement and capacity building