Hastings Community Foundation Inc
- Assets
- $18.7m
- Revenue
- $10.8m
- Investments
- $0.0
- Employees
- 4
- Location
- Hastings, NE
- Founding
- 08/1988
- Data as of
- 12/2021
- EIN
- 36-3569968
Organization Overview
Hastings Community Foundation Inc is located in Hastings, NE. The organization was established in 1988. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Hastings Community Foundation Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hastings Community Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Hastings Community Foundation Inc generated $10.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 29.6% each year . All expenses for the organization totaled $2.5m during the year ending 12/2021. While expenses have increased by 11.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Hastings Community Foundation Inc has awarded 344 individual grants totaling $9,502,975. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
COMMUNITY FOUNDATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTIONS TO QUALIFIED 501(C)(3) ORGANIZATIONS AND GOVERNMENTAL ORGANIZATIONS - THESE DONATIONS ARE USED BY THE RECEIVING ORGANIZATIONS TO FURTHER THEIR EXEMPT PURPOSE. DISTRIBUTIONS SHALL BE DISBURSED ACCORDING TO THE INSTRUCTIONS OR LIMITATIONS CONTAINED IN THE GIFT OR IN THE WILL OF THE TESTATOR. THESE PURPOSES ARE DEFINED IN REG. 1.501(C)(3) - 1(D).
SCHOLARSHIPS - UNDER ARTICLE IV OF ARTICLES, THE PURPOSE OF THE ORGANIZATION IS TO RECEIVE, ADMINISTER, INVEST, AND DISPENSE FUNDS FOR "EDUCATIONAL AND OTHER PURPOSES AS DEFINED IN REG. 1.501(C)(3) - 1(D).
SCHOLARSHIPS - TOM OSBORNE SCHOLARSHIPS: UNDER AGREEMENT, THE PURPOSE OF THE ORGANIZATION IS TO RECEIVE, ADMINISTER, INVEST, AND DISPENSE FUNDS FOR "EDUCATIONAL AND OTHER PURPOSES AS DEFINED IN REG. 1.501(C)(3) - 1(D).
FUNDS USED TO REIMBURSE SADDLE UP CLUB LEADERS SINCE THE FOUNDATION ACTS AS THE FISCAL SPONSOR FOR THE ORGANIZATION. ACTIVITY DESIGNED TO FURTHER COMMUNITY FELLOWSHIP.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Peters Executive Director | Trustee | 40 | $72,181 |
Stephanie Bliss Director | Trustee | 1 | $10,878 |
Dean Moors President | OfficerTrustee | 3 | $0 |
Scott Kvols Vice-President | OfficerTrustee | 2 | $0 |
Jessi Hoeft Vice-President | OfficerTrustee | 2 | $0 |
Roger Doerr Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,115,353 |
| Noncash contributions included in lines 1a–1f | $1,327,394 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,115,353 |
| Total Program Service Revenue | $0 |
| Investment income | $454,680 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,241,356 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,811,389 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,298,777 |
| Grants and other assistance to domestic individuals. | $28,463 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $83,059 |
| Compensation of current officers, directors, key employees. | $83,059 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $42,184 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,101 |
| Payroll taxes | $9,580 |
| Fees for services: Management | $1,247 |
| Fees for services: Legal | $100 |
| Fees for services: Accounting | $4,025 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,945 |
| Office expenses | $30,503 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $917 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,465 |
| All other expenses | $25 |
| Total functional expenses | $2,515,157 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $196,094 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $18,507,273 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $18,703,367 |
| Accounts payable and accrued expenses | $5,101 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,704,982 |
| Total liabilities | $1,710,083 |
| Net assets without donor restrictions | $9,211,060 |
| Net assets with donor restrictions | $7,782,224 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $18,703,367 |
Grants Awarded
Over the last fiscal year, Hastings Community Foundation Inc has awarded $2,191,346 in support to 63 organizations.
| Grant Recipient | Amount |
|---|---|
Hastings, NE PURPOSE: GENERAL OPERATIONS, ARTS DEPARTMENT, BRIDGE THE GAP, BAND CHALLENGE, SCHOLARSHIPS | $244,562 |
Hastings, NE PURPOSE: GENERAL OPERATIONS, CAPITAL CAMPAIGNS | $158,811 |
Hastings, NE PURPOSE: GENERAL OPERATIONS | $148,402 |
Hastings, NE PURPOSE: GENERAL OPERATIONS, CAPITAL CAMPAIGN | $127,876 |
CITY OF HASTINGS PURPOSE: FOR CAPITAL PROJECTS AND COMMUNITY GRANTS | $112,478 |
Boston, MA PURPOSE: GENERAL OPERATIONS | $108,562 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Hastings Community Foundation Inc has recieved totaling $2,112,897.
| Awarding Organization | Amount |
|---|---|
Jeffery Wallace Ellis Trust Hastings, NE PURPOSE: EDUCATIONAL (INCLUDING SCHOLARSHIPS) AND CHARITABLE | $2,003,404 |
Hastings Community Foundation Inc Hastings, NE PURPOSE: GENERAL OPERATIONS, GIVE HASTINGS DAY | $103,493 |
Leroy Thom Jean Thom And T-L Foundation Inc Hastings, NE PURPOSE: PUBLIC SUPPORT | $6,000 |
Endowment Analysis
| Beg. Balance | $5,597,892 |
| Earnings | $668,732 |
| Admin Expense | $38,342 |
| Net Contributions | $98,138 |
| Grants | $249,177 |
| Ending Balance | $6,077,243 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Aspen Community Foundation Basalt, CO | $62,511,754 | $28,301,426 |
Jewish Community Foundation Of Greater Kansas City Overland Park, KS | $291,884,746 | $15,071,209 |
Impact Charitable Denver, CO | $10,724,494 | $21,202,015 |
Greater Salina Community Foundation Salina, KS | $322,187,245 | $17,442,186 |
Quad Cities Community Foundation Bettendorf, IA | $165,771,747 | $15,098,956 |
Greater Manhattan Community Foundation Manhattan, KS | $138,440,801 | $66,806,194 |
Jewishcolorado Denver, CO | $81,767,824 | $13,645,129 |
Greater Cedar Rapids Community Foundation Cedar Rapids, IA | $223,368,352 | $26,493,454 |
The Community Foundation Boulder, CO | $79,799,287 | $19,282,047 |
Wyoming Community Foundation Laramie, WY | $214,898,852 | $21,534,093 |
St Louis Community Foundation St Louis, MO | $112,098,850 | $20,148,169 |
Community Foundation Of Northern Colorado Fort Collins, CO | $185,330,639 | $37,336,720 |