Civic Intelligence

Hatch Detroit

990 • Fiscal year 2014 • EIN 45-2450389

Jan 01, 2014 to Dec 31, 2014 • Filed on Aug 14, 2015

Organization ProfileWWW.HATCHDETROIT.COM
645 Griswold StRoom/Suite 2600Detroit, MI 48226

(248) 766-6485

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

78th percentile

22%

Higher net margin than 78% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

94th percentile

167%

Faster asset growth than 94% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

93rd percentile

114%

Faster revenue growth than 93% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets55th percentile

Assets

Up

$156,299

Up $97,742 (+167%) from 2013

Net Assets

Up

$156,299

Up $97,742 (+167%) from 2013

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin78th percentile

Revenue

Up

$407,598

Up $217,107 (+114%) from 2013

Expenses

Up

$318,227

Up $104,947 (+49%) from 2013

Net Income

Up

$89,371

Up $112,160 (+492%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth94th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$200K$150K$100K$50K$0Assets 2011: $74,682Liabilities 2011: $02011Assets 2012: $81,346Net Assets 2012: $81,3462012Assets 2013: $58,557Net Assets 2013: $58,5572013Assets 2014: $156,299Liabilities 2014: $0Net Assets 2014: $156,2992014Assets 2015: $165,742Liabilities 2015: $0Net Assets 2015: $165,7422015Assets 2016: $179,638Liabilities 2016: $0Net Assets 2016: $179,6382016Assets 2017: $107,693Liabilities 2017: $0Net Assets 2017: $107,6932017Assets 2018: $90,195Liabilities 2018: $0Net Assets 2018: $90,1952018Assets 2019: $53,748Liabilities 2019: $0Net Assets 2019: $53,7482019Assets 2020: $94,941Liabilities 2020: $0Net Assets 2020: $94,9412020Assets 2021: $179,648Liabilities 2021: $71,460Net Assets 2021: $108,1882021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2014

Assets$156,299
Liabilities$0
Net Assets$156,299
Open 2014 Filing

Operations Trend

Revenue Growth93rd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2011: $83,891Expenses 2011: $9,208Net Income 2011: $74,6832011Revenue 2012: $123,240Expenses 2012: $116,576Net Income 2012: $6,6642012Revenue 2013: $190,491Expenses 2013: $213,280Net Income 2013: -$22,7892013Revenue 2014: $407,598Expenses 2014: $318,227Net Income 2014: $89,3712014Revenue 2015: $316,148Expenses 2015: $306,705Net Income 2015: $9,4432015Revenue 2016: $50,906Expenses 2016: $37,010Net Income 2016: $13,8962016Revenue 2017: $192,207Expenses 2017: $264,152Net Income 2017: -$71,9452017Revenue 2018: $192,358Expenses 2018: $209,856Net Income 2018: -$17,4982018Revenue 2019: $197,866Expenses 2019: $234,313Net Income 2019: -$36,4472019Revenue 2020: $259,451Expenses 2020: $218,258Net Income 2020: $41,1932020Revenue 2021: $231,328Expenses 2021: $218,081Net Income 2021: $13,2472021Revenue 2022: $78,233Expenses 2022: $197,916Net Income 2022: -$119,6832022

Highlighted filing

2014

Revenue$407,598
Expenses$318,227
Net Income$89,371
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Aug 14, 2015
Return Version
2014v5.0
Gross Receipts
$407,598
Mission and Program Overview

Mission

Assist entrepreneurs in Detroit with cash funding, store renovation costs, education, etc.

Hatch detroit retail contest - public votes in a contest to select a retail business winner which is granted 50,000 to assist with the opening of their business in detroit. Hatch detroit neighborhood initiative - provide financial assistance and awareness to local businesses in six historical neighborhoods of detroit.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$-3,481$156,299▲ $159,780
Other Notes and Loans Receivable, Net$70,409--
Total Assets$66,928$156,299▲ $89,371
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$66,928$156,299▲ $89,371
Total Net Assets Fund Balance$66,928$156,299▲ $89,371
Total Liabilities and Net Assets / Fund Balance$66,928$156,299▲ $89,371
Compensation and Service Providers
Top Officer Pay74th percentile

Board Members and Trustees

NameTitle
Nicholas GorgaPresident
Aaron Michael-
Allen Coleman-
Angie Kelly-
Anika Goss-foster-
Austin Black-
Chris Uhl-
Erin Rose-
Lori Mazurek-
Mary King-
Rob Wooley-
Rod Wright-
Rufus Bartell-
Ryan Cooley-
Revenue and Support

Revenue Composition

Contributions and Grants
$407,574
Program Service Revenue
$0
Investment Income
$24
Other Revenue
$0
All Other Contributions
$401,949
Change in Net Assets
$89,371
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$144,197
Salaries, Compensation, and Employee Benefits$119,030
Grants and Similar Amounts Paid$55,000
Total Fundraising Expense$23,807
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$120,187--$120,187
Other Salaries and Wages$83,321$11,902$23,807$119,030
Grants to Domestic Orgs$55,000--$55,000
Office Expenses-$7,592-$7,592
Fees for Services Accounting-$6,550-$6,550
Insurance-$4,650-$4,650
Information Technology-$1,899-$1,899
Other Expenses-$1,794-$1,794
Conferences and Meetings-$1,525-$1,525
Total Functional Expenses$258,508$35,912$23,807$318,227
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Sister PieDetroit, MI-Contest Winner$30,000
Batch Brewing CompanyDetroit, MI-Contest Winner$25,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 4

“Yes, see "material diversion of assets" disclosure on schedule o.”

Form 990, Page 6, Part VI, Line 5

“Yes, in july 2014 the organization became aware that a former director had been misappropriating cash. The director was immediately terminated and the misappropriated funds were reimbursed to the organization. The organization has enhanced the cash management controls to improve segregation of duties and monitoring of cash. The organization also created an audit committee and corporate governance committee in 2014 and enhanced the director code of conduct and non for profit by-laws.”

Form 990, Page 6, Part VI, Line 11B

“The director of the audit committee, day-to-day operations director and chairman of the board of directors receives and is responsible for reviewing the completion and accuracy of the form 990 which is prepared by an independent cpa.”

Form 990, Page 6, Part VI, Line 12C

“YES”

Form 990, Page 6, Part VI, Line 15A

“Ceo and board members do not receive compensation.”

Form 990, Page 6, Part VI, Line 15B

“The organization has two employees receiving compensation which is reviewed by the board of directors annually to ensure market wages are adhered to.”

Form 990, Page 6, Part VI, Line 18

“Form 990 is filed with the state of michigan and available to the public.”

Form 990, Page 6, Part VI, Line 19

“Form 990 is filed with the state of michigan and available to the public.”

Filing and Contact Details

Filer

Filer Name
Hatch Detroit
EIN
45-2450389
Address
645 GRISWOLD ST, ROOM/SUITE 2600, DETROIT, MI 48226

Signing Officer

Name
Vittoria Katanski
Title
Director
Signed
2015-08-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Vittoria Katanski
Formed
2011
Legal Domicile
Mi
Voting Board Members
15
Independent Board Members
15
Employees
2

Preparer

Firm
Macavage Financial Services
Address
3896 TOP VIEW CT, BLOOMFIELD HILLS, MI 48304-3156
Preparer
Michael J Macavage
Phone
2483218762
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Hatch detroit retail contest - public votes in a contest to select a retail business winner which is granted 50,000 to assist with the opening of their business in detroit. Hatch detroit neighborhood initiative - provide financial assistance and awareness to local businesses in six historical neighborhoods of detroit.”

Form 990, Part IX, Line 11G

“Contractor expense - contest 27,883 0 0 contractor expense - nh initi 92,304 0 0”

Raw XML Appendix370 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0HATCH DETROIT RETAIL CONTEST - PUBLIC VOTES IN A CONTEST TO SELECT A RETAIL BUSINESS WINNER WHICH IS GRANTED 50,000 TO ASSIST WITH THE OPENING OF THEIR BUSINESS IN DETROIT. HATCH DETROIT NEIGHBORHOOD INITIATIVE - PROVIDE FINANCIAL ASSISTANCE AND AWARENESS TO LOCAL BUSINESSES IN SIX HISTORICAL NEIGHBORHOODS OF DETROIT.
IRS990/AddressChangeInd0X
IRS990/AllOtherContributionsAmt0401949
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0HATCH DETROIT
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine2Txt0HATCH DETROIT
IRS990/BooksInCareOfDetail/PhoneNum02487666485
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0645 GRISWOLD SUITE 2600
IRS990/BooksInCareOfDetail/USAddress/CityNm0DETROIT
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd048226
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0-3481
IRS990/CashNonInterestBearingGrp/EOYAmt0156299
IRS990/ChangeToOrgDocumentsInd0true
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt01525
IRS990/ConferencesMeetingsGrp/TotalAmt01525
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/ContriRptFundraisingEventAmt05625
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0407574
IRS990/CYGrantsAndSimilarPaidAmt055000
IRS990/CYInvestmentIncomeAmt024
IRS990/CYOtherExpensesAmt0144197
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt089371
IRS990/CYSalariesCompEmpBnftPaidAmt0119030
IRS990/CYTotalExpensesAmt0318227
IRS990/CYTotalFundraisingExpenseAmt023807
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0407598
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0HATCH DETROIT RETAIL CONTEST - PUBLIC VOTES IN A CONTEST TO SELECT A RETAIL BUSINESS WINNER WHICH IS GRANTED 50,000 TO ASSIST WITH THE OPENING OF THEIR BUSINESS IN DETROIT. IN ADDITION, GRANTS ARE PROVIDED TO ALUMNI AND FINALISTS OF THE CONTEST TO SUPPORT THE OPENING OR CONTINUATION OF THEIR BUSINESSES IN DETROIT.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt02
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0123353
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt06550
IRS990/FeesForServicesAccountingGrp/TotalAmt06550
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0120187
IRS990/FeesForServicesOtherGrp/TotalAmt0120187
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt010.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt62.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt72.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt82.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt92.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt102.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt112.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt122.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt132.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/PersonNm0NICHOLAS GORGA
IRS990/Form990PartVIISectionAGrp/PersonNm1AUSTIN BLACK
IRS990/Form990PartVIISectionAGrp/PersonNm2ANGIE KELLY
IRS990/Form990PartVIISectionAGrp/PersonNm3ROB WOOLEY
IRS990/Form990PartVIISectionAGrp/PersonNm4CHRIS UHL
IRS990/Form990PartVIISectionAGrp/PersonNm5ALLEN COLEMAN
IRS990/Form990PartVIISectionAGrp/PersonNm6ERIN ROSE
IRS990/Form990PartVIISectionAGrp/PersonNm7ROD WRIGHT
IRS990/Form990PartVIISectionAGrp/PersonNm8LORI MAZUREK
IRS990/Form990PartVIISectionAGrp/PersonNm9RYAN COOLEY
IRS990/Form990PartVIISectionAGrp/PersonNm10MARY KING
IRS990/Form990PartVIISectionAGrp/PersonNm11RUFUS BARTELL
IRS990/Form990PartVIISectionAGrp/PersonNm12AARON MICHAEL
IRS990/Form990PartVIISectionAGrp/PersonNm13ANIKA GOSS-FOSTER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr02011
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/FundraisingAmt05625
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt015
IRS990/GrantAmt055000
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt055000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt055000
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0407598
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt015
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt01899
IRS990/InformationTechnologyGrp/TotalAmt01899
IRS990/InsuranceGrp/ManagementAndGeneralAmt04650
IRS990/InsuranceGrp/TotalAmt04650
IRS990/InvestmentIncomeGrp/ExclusionAmt024
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt024
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt07
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MI
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0true
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0HATCH DETROIT RETAIL CONTEST - PUBLIC VOTES IN A CONTEST TO SELECT A RETAIL BUSINESS WINNER WHICH IS GRANTED 50,000 TO ASSIST WITH THE OPENING OF THEIR BUSINESS IN DETROIT. HATCH DETROIT NEIGHBORHOOD INITIATIVE - PROVIDE FINANCIAL ASSISTANCE AND AWARENESS TO LOCAL BUSINESSES IN SIX HISTORICAL NEIGHBORHOODS OF DETROIT.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt066928
IRS990/NetAssetsOrFundBalancesEOYAmt0156299
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt07592
IRS990/OfficeExpensesGrp/TotalAmt07592
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherExpensesGrp/Desc0FEES AND DUES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01794
IRS990/OtherExpensesGrp/TotalAmt01794
IRS990/OtherInd0X
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt023807
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt011902
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt083321
IRS990/OtherSalariesAndWagesGrp/TotalAmt0119030
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt070409
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0VITTORIA KATANSKI
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0HATCH DETROIT NEIGHBORHOOD INITIATIVE - PROVIDE FINANCIAL ASSISTANCE AND AWARENESS TO LOCAL BUSINESSES IN SIX HISTORICAL NEIGHBORHOODS OF DETROIT.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0135155
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0190491
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt070025
IRS990/PYOtherExpensesAmt076343
IRS990/PYRevenuesLessExpensesAmt0-22789
IRS990/PYSalariesCompEmpBnftPaidAmt066912
IRS990/PYTotalExpensesAmt0213280
IRS990/PYTotalRevenueAmt0190491
IRS990/ReconcilationRevenueExpnssAmt089371
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0407598
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0190491
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0123240
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt082891
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0804220
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt0804220
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0407598
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0190491
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0123240
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt082891
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0804220
IRS990ScheduleA/TotalSupportAmt0804220
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/RecipientTable/CashGrantAmt030000
IRS990ScheduleI/RecipientTable/CashGrantAmt125000
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0CONTEST WINNER
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1CONTEST WINNER
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0SISTER PIE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1BATCH BREWING COMPANY
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt08066 KERCHEVAL ST
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt11400 PORTER ST
IRS990ScheduleI/RecipientTable/USAddress/CityNm0DETROIT
IRS990ScheduleI/RecipientTable/USAddress/CityNm1DETROIT
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1MI
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd048214
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd148216
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0HATCH DETROIT RETAIL CONTEST - PUBLIC VOTES IN A CONTEST TO SELECT A RETAIL BUSINESS WINNER WHICH IS GRANTED 50,000 TO ASSIST WITH THE OPENING OF THEIR BUSINESS IN DETROIT. HATCH DETROIT NEIGHBORHOOD INITIATIVE - PROVIDE FINANCIAL ASSISTANCE AND AWARENESS TO LOCAL BUSINESSES IN SIX HISTORICAL NEIGHBORHOODS OF DETROIT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1YES, SEE "MATERIAL DIVERSION OF ASSETS" DISCLOSURE ON SCHEDULE O.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2YES, IN JULY 2014 THE ORGANIZATION BECAME AWARE THAT A FORMER DIRECTOR HAD BEEN MISAPPROPRIATING CASH. THE DIRECTOR WAS IMMEDIATELY TERMINATED AND THE MISAPPROPRIATED FUNDS WERE REIMBURSED TO THE ORGANIZATION. THE ORGANIZATION HAS ENHANCED THE CASH MANAGEMENT CONTROLS TO IMPROVE SEGREGATION OF DUTIES AND MONITORING OF CASH. THE ORGANIZATION ALSO CREATED AN AUDIT COMMITTEE AND CORPORATE GOVERNANCE COMMITTEE IN 2014 AND ENHANCED THE DIRECTOR CODE OF CONDUCT AND NON FOR PROFIT BY-LAWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE DIRECTOR OF THE AUDIT COMMITTEE, DAY-TO-DAY OPERATIONS DIRECTOR AND CHAIRMAN OF THE BOARD OF DIRECTORS RECEIVES AND IS RESPONSIBLE FOR REVIEWING THE COMPLETION AND ACCURACY OF THE FORM 990 WHICH IS PREPARED BY AN INDEPENDENT CPA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4YES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CEO AND BOARD MEMBERS DO NOT RECEIVE COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION HAS TWO EMPLOYEES RECEIVING COMPENSATION WHICH IS REVIEWED BY THE BOARD OF DIRECTORS ANNUALLY TO ENSURE MARKET WAGES ARE ADHERED TO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7FORM 990 IS FILED WITH THE STATE OF MICHIGAN AND AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8FORM 990 IS FILED WITH THE STATE OF MICHIGAN AND AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9CONTRACTOR EXPENSE - CONTEST 27,883 0 0 CONTRACTOR EXPENSE - NH INITI 92,304 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 5
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MI
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt066928
IRS990/TotalAssetsEOYAmt0156299
IRS990/TotalAssetsGrp/BOYAmt066928
IRS990/TotalAssetsGrp/EOYAmt0156299
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0407574
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt023807
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt035912
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0258508
IRS990/TotalFunctionalExpensesGrp/TotalAmt0318227
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt066928
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0156299
IRS990/TotalProgramServiceExpensesAmt0258508
IRS990/TotalRevenueGrp/ExclusionAmt024
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0407598
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt066928
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0156299
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt066928
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0156299
IRS990/USAddress/AddressLine1Txt0645 GRISWOLD ST SUITE 2600
IRS990/USAddress/CityNm0DETROIT
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd048226
IRS990/VotingMembersGoverningBodyCnt015
IRS990/VotingMembersIndependentCnt015
IRS990/WebsiteAddressTxt0WWW.HATCHDETROIT.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0VITTORIA KATANSKI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-08-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HATCH DETROIT
ReturnHeader/Filer/BusinessNameControlTxt0HATC
ReturnHeader/Filer/EIN0452450389
ReturnHeader/Filer/USAddress/AddressLine1Txt0645 GRISWOLD ST
ReturnHeader/Filer/USAddress/AddressLine2Txt0ROOM/SUITE 2600
ReturnHeader/Filer/USAddress/CityNm0DETROIT
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd048226
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MACAVAGE FINANCIAL SERVICES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03896 TOP VIEW CT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BLOOMFIELD HILLS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0483043156
ReturnHeader/PreparerPersonGrp/PhoneNum02483218762
ReturnHeader/PreparerPersonGrp/PreparationDt02015-08-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL J MACAVAGE
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02015-08-17T10:23:29-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$156,299
Liabilities
$0
Net assets
$156,299
Revenue
$407,598
Expenses
$318,227
Net income
$89,371
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.78$1.98$1.20
2021Detailed filing. Detailed filing data is available for this year.$1.80$0.71$1.08$2.31$2.18$0.13
2020Detailed filing. Detailed filing data is available for this year.$0.95$0.00$0.95$2.59$2.18$0.41
2019Detailed filing. Detailed filing data is available for this year.$0.54$0.00$0.54$1.98$2.34$0.36
2018Detailed filing. Detailed filing data is available for this year.$0.90$0.00$0.90$1.92$2.10$0.17
2017Detailed filing. Detailed filing data is available for this year.$1.08$0.00$1.08$1.92$2.64$0.72
2016Summary only. Only limited summary data is available for this year.$1.80$0.00$1.80$0.51$0.37$0.14
2015Detailed filing. Detailed filing data is available for this year.$1.66$0.00$1.66$3.16$3.07$0.09
2014Detailed filing. Detailed filing data is available for this year.$1.56$0.00$1.56$4.08$3.18$0.89
2013Detailed filing. Detailed filing data is available for this year.$0.59$0.59$1.90$2.13$0.23
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.81$0.81$1.23$1.17$0.07
2011Summary only. Only limited summary data is available for this year.$0.75$0.00$0.84$0.09$0.75