Hastings College is located in Hastings, NE. The organization was established in 1952. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2021, Hastings College employed 666 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hastings College 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 06/2021, Hastings College generated $47.0m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $47.2m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
HASTINGS COLLEGE IS A PRIVATE, CO-EDUCATION, RESIDENTIAL, LIBERAL ARTS COLLEGE FOUNDED IN 1882.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE OFOUNDED IN 1882, HASTINGS COLLEGE IS A FOUR-YEAR, PRIVATE, LIBERAL ARTS COLLEGE IN HASTINGS, NEBRASKA. THE COLLEGE SITS ON 120 ACRES WITH MORE THAN 40 ACADEMIC, RESIDENTIAL, AND ATHLETIC BUILDINGS; ENROLLS NEARLY 1,000 STUDENTS FROM 39 STATES AND 20 FOREIGN COUNTRIES; AND IS FULLY ACCREDITED BY THE HIGHER LEARNING COMMISSION. HASTINGS COLLEGE STRIVES TO PROVIDE THE HIGHEST QUALITY LIBERAL ARTS EDUCATION FOR ITS STUDENTS WHILE SERVING AS AN IMPORTANT EDUCATIONAL AND CULTURAL CENTER FOR THE HASTINGS COMMUNITY AND SOUTH CENTRAL NEBRASKA. ITS MISSION IS AS FOLLOWS: "DRAWING INSPIRATION FROM OUR GREAT PLAINS HOME, OUR PRESBYTERIAN HERITAGE, AND OUR LIBERAL ARTS HISTORY, HASTINGS COLLEGE WILL GRADUATE CREATIVE, CURIOUS, AND CARING STUDENTS EQUIPPED THROUGH EXCEPTIONAL TEACHING AND DELIBERATE MENTORING TO THRIVE AS CITIZENS OF THEIR LOCAL AND GLOBAL COMMUNITIES."HASTINGS COLLEGE OFFERS MORE THAN 40 ACADEMIC MAJORS AND 14 PRE-PROFESSIONAL PROGRAMS AND BESTOWS BACHELOR OF ARTS, BACHELOR OF MUSIC, AND MASTER OF ARTS IN TEACHING DEGREES. THE TOP PRIMARY MAJORS OF FULL-TIME STUDENTS, THIS YEAR, ARE BUSINESS ADMINISTRATION, EXERCISE SCIENCE, PSYCHOLOGY, ELEMENTARY EDUCATION, AND BIOLOGY.WITH A STUDENT-TO-FACULTY RATIO OF 13-TO-1, HASTINGS COLLEGE OFFERS ITS STUDENTS PERSONALIZED CONTACT WITH DEDICATED PROFESSORS FROM SOME OF THE NATION'S TOP GRADUATE PROGRAMS, INCLUDING NOTRE DAME, YALE, AND CORNELL. MORE THAN 86 PERCENT OF FULL-TIME FACULTY HAVE A DOCTORATE OR OTHER TERMINAL DEGREE.IN 2019, THE COLLEGE TRANSITIONED TO A MODIFIED BLOCK SCHEDULE TO PROVIDE MORE INTENSIVE LEARNING INTERACTIONS BETWEEN STUDENTS AND FACULTY. EACH SEMESTER, STUDENTS TAKE TWO SEVEN-WEEK BLOCKS AND ONE TWO-WEEK BLOCK. IN A TWO-WEEK BLOCK, STUDENTS ENROLL IN ONE COURSE; IN A SEVEN-WEEK BLOCK, THEY ENROLL IN TWO COURSES. GRADUATION REQUIREMENTS INCLUDE COMPLETION OF 120 HOURS OF CREDITS.IN 2020, HASTINGS COLLEGE AND BRYAN COLLEGE OF HEALTH SCIENCES IN LINCOLN, NEB., ANNOUNCED A UNIQUE LEADERSHIP ARRANGEMENT WHEREBY DR. RICH LLOYD JOINED HASTINGS COLLEGE AS EXECUTIVE PRESIDENT WHILE REMAINING PRESIDENT OF BRYAN COLLEGE, WHERE HE HAS SERVED SINCE 2016. HASTINGS COLLEGE'S SHARED PRESIDENTIAL LEADERSHIP ANNOUNCEMENT COINCIDED WITH PLANS FOR A HEALTH CARE EDUCATION AND WORKFORCE DEVELOPMENT PARTNERSHIP COMMENCING IN FALL 2022 WITH A BACHELOR OF SCIENCE IN NURSING PROGRAM IN HASTINGS, A SECOND INSTRUCTIONAL SITE FOR BRYAN COLLEGE OF HEALTH SCIENCES' CURRENT BSN PROGRAM IN LINCOLN. STUDENTS WILL LIVE IN HASTINGS COLLEGE RESIDENCE HALLS AND TAKE SCIENCE AND GENERAL EDUCATION COURSES ON CAMPUS. IN THE SECOND THROUGH FOURTH YEARS, THEY WILL COMPLETE NURSING COURSES AND CLINICALS WITH BRYAN FACULTY IN EDUCATIONAL FACILITIES AT A NEW MARY LANNING HEALTHCARE MEDICAL OFFICE BUILDING. IN 2021, A FACULTY, STAFF, AND STUDENT TASK FORCE DEVELOPED HASTINGS COLLEGE'S FIRST-EVER DIVERSITY STRATEGIC PLAN FOCUSED ON CREATING A MORE DIVERSE, EQUITABLE, AND INCLUSIVE CAMPUS COMMUNITY. IN 2021, HASTINGS COLLEGE, THE UNIVERSITY OF NEBRASKA AT OMAHA, AND THE UNIVERSITY OF NEBRASKA MEDICAL CENTER ANNOUNCED AN ACADEMIC PARTNERSHIP THAT PROVIDES ADDITIONAL EDUCATIONAL OPPORTUNITIES AT UNO AND UNMC FOR HASTINGS STUDENTS WHO CAN REGISTER FOR REMOTE AND ONLINE UPPER DIVISION COURSES AT UNO AND SOME AREAS OF UNMC WHILE CONTINUING THEIR PROGRAMS AT HASTINGS.HASTINGS COLLEGE IS DEEPLY ENTRENCHED IN THE LOCAL COMMUNITY AND HIGHLY REGARDED FOR ITS EDUCATIONAL AND CULTURAL PROGRAMS, MANY OF WHICH ARE FREE AND OPEN TO THE PUBLIC. THESE INCLUDE GUEST LECTURES AND SYMPOSIA, CONCERTS AND RECITALS, ART EXHIBITS, AND THEATER PRODUCTIONS. STUDENTS, FACULTY, AND STAFF ARE ACTIVE IN THE COMMUNITY AS CIVIC LEADERS AND VOLUNTEERS. IN RECOGNITION OF STUDENTS' COMMUNITY SERVICE, HASTINGS COLLEGE IN 2019 BEGAN OFFERING A SERVICE LEARNING CERTIFICATE FOR STUDENTS WISHING TO ALIGN THEIR SERVICE WORK WITH ACADEMIC REFLECTION AND INTELLECTUAL INQUIRY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Gary Freeman Executive Director | Officer | 10 | $206,356 |
Hillary Watter Faculty Professor Thru August 2020 | 40 | $133,461 | |
Susan Meeske VP Of Enrollment | Officer | 40 | $133,166 |
Barbara Sunderman VP Of Academic Affairs | Officer | 40 | $131,816 |
Stephanie Ourada VP - Finance / CFO | Officer | 39 | $130,926 |
Travis Feezell President Thru May 2020 | 0 | $130,097 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Fresh Ideas Food Service Management Food Service | 6/29/21 | $1,121,534 |
National Management Resources Corp Custodial/maint | 6/29/21 | $1,571,426 |
Mary Lanning Healthcare - Live Athletic Trainer | 6/29/21 | $156,098 |
Rutt's Heating & Air Conditioning Hvac Maintenance | 6/29/21 | $159,199 |
Marathon Press Printing/postage | 6/29/21 | $119,695 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $2,341,531 |
All other contributions, gifts, grants, and similar amounts not included above | $6,249,125 |
Noncash contributions included in lines 1a–1f | $310,078 |
Total Revenue from Contributions, Gifts, Grants & Similar | $8,590,656 |
Total Program Service Revenue | $36,114,876 |
Investment income | $2,096,715 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $12,105 |
Net Gain/Loss on Asset Sales | -$27,671 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $47,033,003 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $20,954,028 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $732,361 |
Compensation of current officers, directors, key employees. | $394,189 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $9,782,855 |
Pension plan accruals and contributions | $275,616 |
Other employee benefits | $671,215 |
Payroll taxes | $678,299 |
Fees for services: Management | $0 |
Fees for services: Legal | $30,067 |
Fees for services: Accounting | $73,164 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $244,150 |
Fees for services: Other | $0 |
Advertising and promotion | $303,623 |
Office expenses | $1,705,193 |
Information technology | $187,189 |
Royalties | $0 |
Occupancy | $1,420,470 |
Travel | $529,567 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $88,303 |
Interest | $724,416 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $3,114,538 |
Insurance | $546,943 |
All other expenses | $379,664 |
Total functional expenses | $47,234,698 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $3,475,982 |
Pledges and grants receivable | $325,000 |
Accounts receivable, net | $516,649 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $389,860 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $54,055,784 |
Investments—publicly traded securities | $98,561,949 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $1,530,520 |
Total assets | $158,855,744 |
Accounts payable and accrued expenses | $3,250,773 |
Grants payable | $0 |
Deferred revenue | $294,193 |
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 | $25,225,406 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $4,379,993 |
Total liabilities | $33,150,365 |
Net assets without donor restrictions | $38,389,435 |
Net assets with donor restrictions | $87,315,944 |
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 | $158,855,744 |
Over the last fiscal year, we have identified 2 grants that Hastings College has recieved totaling $49,811.
Awarding Organization | Amount |
---|---|
Hawkins Sisters Foundation Omaha, NE PURPOSE: GENERAL FUNDING | $40,000 |
Spotts Trust Hal Lainson Ttee Hastings, NE PURPOSE: EDUCATION | $9,811 |
Beg. Balance | $98,322,617 |
Earnings | $19,847,781 |
Net Contributions | $2,393,549 |
Other Expense | $7,489,015 |
Ending Balance | $113,074,932 |
Organization Name | Assets | Revenue |
---|---|---|
Luther College Decorah, IA | $330,055,480 | $125,968,312 |
Wartburg College Waverly, IA | $247,960,217 | $101,117,542 |
College Of The Ozarks Point Lookout, MO | $787,489,229 | $134,988,466 |
Coe College Cedar Rapids, IA | $182,564,776 | $91,175,984 |
Benedictine College Atchison, KS | $163,686,664 | $96,440,027 |
Augustana University Association Sioux Falls, SD | $281,200,572 | $99,152,573 |
Ottawa University Ottawa, KS | $107,254,264 | $83,319,178 |
Drury University Springfield, MO | $197,297,672 | $75,721,067 |
Nebraska Wesleyan University Lincoln, NE | $157,848,451 | $80,524,359 |
Central College Pella, IA | $182,044,293 | $65,374,610 |
Cornell College Mount Vernon, IA | $232,351,142 | $87,743,634 |
Doane University Crete, NE | $228,017,136 | $66,548,317 |