NonprofitsHatch Avl Foundation

Community Improvement & Capacity Building

Hatch Avl Foundation

ASHEVILLE, NC

Total revenue

$274K

Total expenses

$172K

Net assets

$222K

Grants received

$339K

11 grants

EIN

814712143

Tax year

2024

Mission

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

Programs

2 programs

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.

Financials

FY 2024

Revenue

Contributions & grants$272K
Program service revenue$2K
Investment income
Other revenue
Total revenue$274K

Expenses

Grants paid
Salaries & benefits
Fundraising$8K
Other expenses$164K
Total expenses$172K
Total assets$223K
Net assets$222K

People

7 listed

NameRoleCompensation

Mike Baer

Chair

Board

8 hrs/wk

Maui Vang

Vice Chair

Board

8 hrs/wk

Isaac Rowles

Treasurer

Board

8 hrs/wk

Jesse Fripp

Member

Board

1 hrs/wk

Eileen Hutchinson

Member

Board

8 hrs/wk

Susan Clark Muntean

Member

Board

1 hrs/wk

Kim Celentano

Member

Board

1 hrs/wk

Grants received

Showing 11 of 11

FromAmountPurposeYear
$20K
GENERAL SUPPORT RELATED TO HURRICANE HELENE RELIEF
2024
$50K
GENERAL OPERATING
2022
$5K
For grant recipient's exempt purposes
2022
$10K
For grant recipient's exempt purposes
2021
$10K
For grant recipient's exempt purposes
2021
$12K
OPERATIONAL GRANT
2020

Funded by

$339K from 6 funders · 11 grants · 2017–2024

Stonecutter Foundation Inc

$227K · 4 grants · 2021–2024

Truist Foundation Inc

$50K · 1 grant · 2022

Fidelity Investments Charitable Gift Fund

$25K · 3 grants · 2021–2022

Green River Foundation

$20K · 1 grant · 2024

Dogwood Health Trust

$12K · 1 grant · 2020

Details

EIN814712143
NTEE codeS43
Subsection03
Ruling date2017-04
Formed2016
Employees0
Volunteers50
HATCH AVL FOUNDATION — Mission, Financials & Grants Received | Grantivo