Civic Intelligence

Hatch Detroit

990 • Fiscal year 2015 • EIN 45-2450389

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 11, 2016

Organization ProfileWWW.HATCHDETROIT.COM
645 Griswold St 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.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

55th percentile

0.00x

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

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

49th percentile

3.0%

Higher net margin than 49% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

57th percentile

6.0%

Faster asset growth than 57% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

22nd percentile

-22%

Faster revenue growth than 22% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets55th percentile

Assets

Up

$165,742

Up $9,443 (+6.0%) from 2014

Net Assets

Up

$165,742

Up $9,443 (+6.0%) from 2014

Liabilities

Flat

$0

Flat from 2014

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin49th percentile

Revenue

Down

$316,148

Down $91,450 (-22%) from 2014

Expenses

Down

$306,705

Down $11,522 (-3.6%) from 2014

Net Income

Down

$9,443

Down $79,928 (-89%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth57th 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

2015

Assets$165,742
Liabilities$0
Net Assets$165,742
Open 2015 Filing

Operations Trend

Revenue Growth22nd 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

2015

Revenue$316,148
Expenses$306,705
Net Income$9,443
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 11, 2016
Return Version
2015v2.1
Gross Receipts
$316,148
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 after reaching certain business opening milestones. The organization also provides grants to previous year participants ("alumni") in the retail business contest to support their business development needs. Hatch detroit neighborhood initiative - provide financial assistance and awareness to local businesses in historical neighborhoods of detroit.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$156,299$165,742▲ $9,443
Total Assets$156,299$165,742▲ $9,443
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$156,299$165,742▲ $9,443
Total Net Assets Fund Balance$156,299$165,742▲ $9,443
Total Liabilities and Net Assets / Fund Balance$156,299$165,742▲ $9,443
Compensation and Service Providers
Top Officer Pay75th percentile

Board Members and Trustees

NameTitle
Nicholas GorgaPresident, B
Aaron MichaelBoard Member
Allen ColemanBoard Member
Angie KellyBoard Member
Anika Goss-fosterBoard Member
Austin BlackBoard Member
Chris UhlBoard Member
Mary Seaberg KingBoard Member
Patricia AlexanderBoard Member
Rj WolneyBoard Member
Rob WooleyBoard Member
Rod WrightBoard Member
Rufus BartellBoard Member
Erin RoseSecretary, B
Ryan CooleyTreasurer, B
Revenue and Support

Revenue Composition

Contributions and Grants
$316,105
Program Service Revenue
$0
Investment Income
$43
Other Revenue
$0
All Other Contributions
$303,330
Change in Net Assets
$9,443
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$161,623
Other Expenses$90,082
Grants and Similar Amounts Paid$55,000
Total Fundraising Expense$32,326
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$113,136$16,161$32,326$161,623
Fees for Services Other$66,326--$66,326
Grants to Domestic Orgs$55,000--$55,000
Fees for Services Accounting-$8,500-$8,500
Information Technology-$4,430-$4,430
Insurance-$3,657-$3,657
Conferences and Meetings-$3,246-$3,246
Office Expenses-$2,509-$2,509
Other Expenses-$1,414-$1,414
Total Functional Expenses$234,462$39,917$32,326$306,705
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Sister PieDetroit, MI-Contest Winner$20,000
Detroit Institute of BagelsDetroit, MI-Business Development$10,000
La FeriaDetroit, MI-Business Development$10,000
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
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
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 11B

“The director of the audit committee, day-to-day operations director and chairman of the board of directors receive and are 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

“The day-to-day operations director is responsible for identifying transactions for conflicts of interest and if identfied, provides the details of such transactions to the audit committees attention for review.”

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
Phone
2487666485
Address
645 GRISWOLD ST 2600, DETROIT, MI 48226

Signing Officer

Name
Nicholas Gorga
Title
President, Board Mbr
Phone
2487666485
Signed
2016-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nicholas Gorga
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 after reaching certain business opening milestones. The organization also provides grants to previous year participants ("alumni") in the retail business contest to support their business development needs. Hatch detroit neighborhood initiative - provide financial assistance and awareness to local businesses in historical neighborhoods of detroit.”

Form 990, Part IX, Line 11G

“Contractor expense - contest 47,496 0 0 contractor expense - nh initi 18,830 0 0”

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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt082891
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IRS990ScheduleA/TotalSupportAmt01120325
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleI/RecipientTable/CashGrantAmt020000
IRS990ScheduleI/RecipientTable/CashGrantAmt110000
IRS990ScheduleI/RecipientTable/CashGrantAmt210000
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0CONTEST WINNER
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1BUSINESS DEVELOPMENT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2BUSINESS DEVELOPMENT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0SISTER PIE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1LA FERIA
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2DETROIT INSTITUTE OF BAGELS
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt08066 KERCHEVAL ST
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt14130 CASS AVE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt21236 MICHIGAN AVE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0DETROIT
IRS990ScheduleI/RecipientTable/USAddress/CityNm1DETROIT
IRS990ScheduleI/RecipientTable/USAddress/CityNm2DETROIT
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IRS990ScheduleI/RecipientTable/USAddress/ZIPCd148201
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd248226
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0EXECUTIVE DIRECTOR APPROVES THE RELEASE OF GRANT FUNDS WHICH A LIST IS PROVIDED TO BOARD OF DIRECTORS DURING QUARTERLY REVIEWS FOR MONITORING.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
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 AFTER REACHING CERTAIN BUSINESS OPENING MILESTONES. THE ORGANIZATION ALSO PROVIDES GRANTS TO PREVIOUS YEAR PARTICIPANTS ("ALUMNI") IN THE RETAIL BUSINESS CONTEST TO SUPPORT THEIR BUSINESS DEVELOPMENT NEEDS. HATCH DETROIT NEIGHBORHOOD INITIATIVE - PROVIDE FINANCIAL ASSISTANCE AND AWARENESS TO LOCAL BUSINESSES IN HISTORICAL NEIGHBORHOODS OF DETROIT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE DIRECTOR OF THE AUDIT COMMITTEE, DAY-TO-DAY OPERATIONS DIRECTOR AND CHAIRMAN OF THE BOARD OF DIRECTORS RECEIVE AND ARE RESPONSIBLE FOR REVIEWING THE COMPLETION AND ACCURACY OF THE FORM 990 WHICH IS PREPARED BY AN INDEPENDENT CPA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE DAY-TO-DAY OPERATIONS DIRECTOR IS RESPONSIBLE FOR IDENTIFYING TRANSACTIONS FOR CONFLICTS OF INTEREST AND IF IDENTFIED, PROVIDES THE DETAILS OF SUCH TRANSACTIONS TO THE AUDIT COMMITTEES ATTENTION FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 IS FILED WITH THE STATE OF MICHIGAN AND AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FORM 990 IS FILED WITH THE STATE OF MICHIGAN AND AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CONTRACTOR EXPENSE - CONTEST 47,496 0 0 CONTRACTOR EXPENSE - NH INITI 18,830 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
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IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0156299
IRS990/TotalAssetsEOYAmt0165742
IRS990/TotalAssetsGrp/BOYAmt0156299
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IRS990/TotalContributionsAmt0316105
IRS990/TotalEmployeeCnt02
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt039917
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0234462
IRS990/TotalFunctionalExpensesGrp/TotalAmt0306705
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IRS990/USAddress/AddressLine1Txt0645 GRISWOLD ST SUITE 2600
IRS990/USAddress/CityNm0DETROIT
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd048226
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IRS990/VotingMembersIndependentCnt015
IRS990/WebsiteAddressTxt0WWW.HATCHDETROIT.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0NICHOLAS GORGA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT, BOARD MBR
ReturnHeader/BusinessOfficerGrp/PhoneNum02487666485
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-11-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HATCH DETROIT
ReturnHeader/Filer/BusinessNameControlTxt0HATC
ReturnHeader/Filer/EIN0452450389
ReturnHeader/Filer/PhoneNum02487666485
ReturnHeader/Filer/USAddress/AddressLine1Txt0645 GRISWOLD ST 2600
ReturnHeader/Filer/USAddress/CityNm0DETROIT
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd048226
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0461615253
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/PreparationDt02016-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL J MACAVAGE
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02016-11-15T14:44:50-06:00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$165,742
Liabilities
$0
Net assets
$165,742
Revenue
$316,148
Expenses
$306,705
Net income
$9,443
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