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EIN 81-4712143

Hatch AVL Foundation

IRS 501(c) type
501(c)(3)
Num. employees
Unknown
City
Asheville
State
North Carolina
Year formed
2017
Most recent tax filings
2023-12-01
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
Description
The Hatch AVL Foundation serves as the epicenter for high-growth entrepreneurs in Asheville and Western North Carolina. It provides a 90-day Pressure Test program with mentors that helps founders identify business obstacles and chart a path to success; this initiative has benefited 15 companies so far. The foundation also hosts 1 Million Cups, which introduces founders, mentors, and investors to the WNC startup ecosystem. This weekly event draws an average of 45 attendees, where in 2022, 36 companies shared their knowledge and experience through presentations.
Total revenues
$113,316
2023
Total expenses
$188,633
2023
Total assets
$122,766
2023
Num. employees
n/a

Who funds Hatch AVL Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Stonecutter FoundationEducation$60,000
Avista Business Development CorporationEconomic Development$50,000
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$5,050

Personnel at Hatch AVL Foundation

NameTitle
Charles BallDirector
Christopher BuehlerVice - Chair

Financials for Hatch AVL Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$113,316
Program services$0
Membership dues$0
Investment income and dividends$0
Net gain from sale of non-inventory assets$0
Net income from gaming activities and fundraising events, combined$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$113,316

Form 990s for Hatch AVL Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-14990EZView PDF
2022-122023-06-09990EZView PDF
2021-122022-10-05990EZView PDF
Data update history
September 21, 2024
Received grants
Identified 1 new grant, including a grant for $60,000 from Stonecutter Foundation
December 26, 2023
Received grants
Identified 2 new grant, including a grant for $97,250 from Stonecutter Foundation
August 2, 2023
Posted financials
Added Form 990EZ for fiscal year 2022
July 23, 2023
Updated personnel
Identified 1 new personnel
June 12, 2023
Posted financials
Added Form 990EZ for fiscal year 2021
Nonprofit Types
Grantmaking organizationsBusiness and community development organizationsCharities
Issues
Business and industry
Characteristics
State / local levelTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
PO Box 5199
Asheville, NC 28813
Metro area
Asheville, NC
County
Buncombe County, NC
Website URL
hatchinnovationhub.org/ 
Phone
(828) 337-5955
IRS details
EIN
81-4712143
Fiscal year end
December
Taxreturn type
Form 990-EZ
Year formed
2017
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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