Civic Intelligence

Hatch Avl Foundation

990 • Fiscal year 2024 • EIN 81-4712143

Jan 01, 2024 to Dec 31, 2024 • Filed on Oct 17, 2025

Organization Profilehatchinnovationhub.org
PO Box 5199Asheville, NC 28813

(828) 337-5955

Siviq Scores

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

Liabilities / Assets

59th percentile

0.00x

Higher debt load relative to assets than 59% of similar nonprofits.

2024 filings • NTEE S • <$500k nonprofits • Source year 2024

Liabilities / Revenue

59th percentile

0.00x

Higher debt load relative to revenue than 59% of similar nonprofits.

2024 filings • NTEE S • <$500k nonprofits • Source year 2024

Net Margin

82nd percentile

37%

Higher net margin than 82% of similar nonprofits.

2024 filings • NTEE S • <$500k nonprofits • Source year 2024

Top Officer Pay

83rd percentile

$0

Higher top officer pay than 83% of similar nonprofits.

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

2024 filings • NTEE S • <$500k nonprofits • Source year 2024

Asset Growth

88th percentile

82%

Faster asset growth than 88% of similar nonprofits.

2024 filings • NTEE S • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

91st percentile

142%

Faster revenue growth than 91% of similar nonprofits.

2024 filings • NTEE S • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets59th percentile

Assets

Up

$222,896

Up $100,130 (+82%) from 2023

Net Assets

Up

$222,266

Up $101,726 (+84%) from 2023

Liabilities

Down

$630

Down $1,596 (-72%) from 2023

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin82nd percentile

Revenue

Up

$274,169

Up $160,853 (+142%) from 2023

Expenses

Down

$172,443

Down $16,190 (-8.6%) from 2023

Net Income

Up

$101,726

Up $177,043 (+235%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth88th percentile

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

$300K$200K$100K$0Assets 2021: $123,276Net Assets 2021: $123,2762021Assets 2022: $195,857Net Assets 2022: $195,8572022Assets 2023: $122,766Liabilities 2023: $2,226Net Assets 2023: $120,5402023Assets 2024: $222,896Liabilities 2024: $630Net Assets 2024: $222,2662024

Highlighted filing

2024

Assets$222,896
Liabilities$630
Net Assets$222,266
Open 2024 Filing

Operations Trend

Revenue Growth91st percentile

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

$300K$200K$100K$0-$100KRevenue 2021: $122,809Expenses 2021: $57,793Net Income 2021: $65,0162021Revenue 2022: $185,030Expenses 2022: $114,484Net Income 2022: $70,5462022Revenue 2023: $113,316Expenses 2023: $188,633Net Income 2023: -$75,3172023Revenue 2024: $274,169Expenses 2024: $172,443Net Income 2024: $101,7262024

Highlighted filing

2024

Revenue$274,169
Expenses$172,443
Net Income$101,726
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 17, 2025
Return Version
2024v5.2
Gross Receipts
$274,169
Mission and Program Overview

Mission

The Hatch Innovation Hub is the home of high growth focused entrepreneurs in Asheville and Western North Carolina

The Hatch Innovation Hub is the home of high growth focused entrepreneurs in Asheville and Western North Carolina.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$120,031$222,235▲ $102,204
Land, Buildings, and Equipment, Net$2,735$661▼ $2,074
Total Assets$122,766$222,896▲ $100,130
Liabilities
Accounts Payable and Accrued Expenses$2,226$630▼ $1,596
Total Liabilities$2,226$630▼ $1,596
Net Assets / Fund Balance
Net Assets With Donor Restrictions$22,771$199,559▲ $176,788
Net Assets Without Donor Restrictions$97,769$22,707▼ $75,062
Total Net Assets Fund Balance$120,540$222,266▲ $101,726
Total Liabilities and Net Assets / Fund Balance$122,766$222,896▲ $100,130

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$661$11,909$12,570
Land$0--
Compensation and Service Providers
Top Officer Pay83rd percentile

Board Members and Trustees

NameTitle
Mike BaerChair
Maui VangVice Chair
Eileen HutchinsonMember
Jesse FrippMember
Kim CelentanoMember
Susan Clark MunteanMember
Isaac RowlesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$271,828
Program Service Revenue
$2,341
Investment Income
$0
Other Revenue
$0
All Other Contributions
$271,828
Change in Net Assets
$101,726
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$164,323
Total Fundraising Expense$8,328
Professional Fundraising Fees$8,120
Grants and Similar Amounts Paid$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$60,568$546$0$61,114
Advertising$49,840$0$0$49,840
Fees for Services Professional Fundraising--$8,120$8,120
Other Expenses$0$8,007$0$8,007
Occupancy$4,344$3,600$0$7,944
Office Expenses$0$7,767$0$7,767
Fees for Services Accounting$0$5,141$0$5,141
Information Technology$1,500$2,465$0$3,965
Insurance$651$1,851$0$2,502
Depreciation Depletion$1,659$207$208$2,074
Fees for Services Legal$0$1,675$0$1,675
Total Functional Expenses$132,856$31,259$8,328$172,443
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$8,120
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 35% controlled entity
No
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
Filing and Contact Details

Filer

Filer Name
Hatch AVL Foundation
EIN
81-4712143
Phone
8283375955
Address
PO Box 5199, Asheville, NC 28813
Doing Business As
Hatch Innovation Hub

Signing Officer

Name
Isaac Rowles
Title
Treasurer
Phone
8283375955
Signed
2025-10-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Isaac Rowles
Formed
2016
Legal Domicile
Nc
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
50

Preparer

Firm
Corliss & Solomon Pllc
Address
242 CHARLOTTE ST SUITE 1, ASHEVILLE, NC 28801
Preparer
Todd Oldenburg
Phone
8282360206
Supplemental Narrative

Additional Explanations

Pt VI, Line 18

“Forms 990 are available through the websites of many charity watch organizations and upon request.”

Pt VI, Line 11B

“The 990 is prepared by independent accountants, reviewed by management, presented to the Board for review, proposed revisions and final approval.”

Pt VI, Line 12C

“Enforced as necessary. Any Board Member with a conflict of interest on any specific issue informs the Board and abstains from voting on the issue.”

Pt XII, Line 1

“The Organization does not compensate any officers.”

Form 990, Part IX, Line 11G

“Community Manager 24700. 24700. 0. 0.”

Form 990, Part IX, Line 11G

“Program Manager 21223. 21223. 0. 0.”

Form 990, Part IX, Line 11G

“Contract Labor 12764. 12764. 0. 0.”

Form 990, Part IX, Line 11G

“Other Professional Services 1881. 1881. 0. 0.”

Form 990, Part IX, Line 11G

“Copywriter 546. 0. 546. 0.”

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

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Forms 990 are available through the websites of many charity watch organizations and upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The 990 is prepared by independent accountants, reviewed by management, presented to the Board for review, proposed revisions and final approval.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Enforced as necessary. Any Board Member with a conflict of interest on any specific issue informs the Board and abstains from voting on the issue.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Organization does not compensate any officers.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Community Manager 24700. 24700. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Program Manager 21223. 21223. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Contract Labor 12764. 12764. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Other Professional Services 1881. 1881. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Copywriter 546. 0. 546. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt XII, Line 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 11g
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NC
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0122766
IRS990/TotalAssetsEOYAmt0222896
IRS990/TotalAssetsGrp/BOYAmt0122766
IRS990/TotalAssetsGrp/EOYAmt0222896
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0271828
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt08328
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt031259
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0132856
IRS990/TotalFunctionalExpensesGrp/TotalAmt0172443
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02226
IRS990/TotalLiabilitiesEOYAmt0630
IRS990/TotalLiabilitiesGrp/BOYAmt02226
IRS990/TotalLiabilitiesGrp/EOYAmt0630
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0120540
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0222266
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0132856
IRS990/TotalProgramServiceRevenueAmt02341
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02341
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0274169
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt050
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0122766
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0222896
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt045 S French Broad Ave
IRS990/USAddress/CityNm0Asheville
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028801
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0hatchinnovationhub.org
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Isaac Rowles
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum08283375955
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-10-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Hatch AVL Foundation
ReturnHeader/Filer/BusinessNameControlTxt0HATC
ReturnHeader/Filer/EIN0814712143
ReturnHeader/Filer/PhoneNum08283375955
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 5199
ReturnHeader/Filer/USAddress/CityNm0Asheville
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028813
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0202571677
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CORLISS & SOLOMON PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0242 CHARLOTTE ST SUITE 1
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ASHEVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd028801
ReturnHeader/PreparerPersonGrp/PhoneNum08282360206
ReturnHeader/PreparerPersonGrp/PreparationDt02025-10-20
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Todd Oldenburg
ReturnHeader/ReturnTs02025-10-20T14:23:04-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$222,896
Liabilities
$630
Net assets
$222,266
Revenue
$274,169
Expenses
$172,443
Net income
$101,726
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.23$0.01$2.22$2.74$1.72$1.02
2023Detailed filing. Detailed filing data is available for this year.$1.23$0.02$1.21$1.13$1.89$0.75
2022Detailed filing. Detailed filing data is available for this year.$1.96$1.96$1.85$1.14$0.71
2021Detailed filing. Detailed filing data is available for this year.$1.23$1.23$1.23$0.58$0.65
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