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 06/2022, Hastings College employed 682 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 06/2022, Hastings College generated $59.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $51.3m during the year ending 06/2022. 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
2022
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 936 STUDENTS FROM 35 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 ARE BUSINESS ADMINISTRATION, EXERCISE SCIENCE, PSYCHOLOGY, AND BIOLOGY.WITH A STUDENT-TO-FACULTY RATIO OF 12-TO-1, HASTINGS COLLEGE OFFERS ITS STUDENTS PERSONALIZED CONTACT WITH DEDICATED PROFESSORS FROM SOME OF THE NATION'S TOP GRADUATE PROGRAMS. EIGHTY-SEVEN PERCENT OF FULL-TIME FACULTY HAVE A DOCTORATE OR OTHER TERMINAL DEGREE.HASTINGS COLLEGE OPERATES ON A MODIFIED BLOCK SCHEDULE TO PROVIDE MORE INTENSIVE LEARNING INTERACTIONS BETWEEN STUDENTS AND FACULTY. 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 THAT COMMENCED WITH A BACHELOR OF SCIENCE IN NURSING PROGRAM IN HASTINGS. STUDENTS 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, SCHEDULED FOR COMPLETION IN JUNE 2023.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. FUNDING FROM A PROMINENT NEBRASKA FOUNDATION IS ALLOWING THE COLLEGE TO IMPLEMENT DEI INITIATIVES WITH THE ASSISTANCE OF CONSULTANT PETE FERGUSON OF LINCOLN, NEB.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 OFFERS A SERVICE LEARNING CERTIFICATE FOR STUDENTS WISHING TO ALIGN THEIR SERVICE WORK WITH ACADEMIC REFLECTION AND INTELLECTUAL INQUIRY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
William Barrett Trustee | Trustee | 1 | $0 |
Jill Farrell Trustee | Trustee | 1 | $0 |
Jennifer Erickson Baak Trustee | Trustee | 1 | $0 |
Alex Eisele Trustee | Trustee | 1 | $0 |
Rob Andrews Trustee | Trustee | 1 | $0 |
Carmen Maurer Trustee | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Mammoth Sports Construction Llc Turf Replacement | 6/29/22 | $423,560 |
Mary Lanning Healthcare - Live Athletic Trainer | 6/29/22 | $193,157 |
Rutt's Heating & Air Conditioning Hvac Maintenance | 6/29/22 | $600,517 |
National Management Resources Corp Custodial/maint | 6/29/22 | $1,905,808 |
Chartwells Compass Group Usa Food Service Vendor | 6/29/22 | $1,336,812 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $5,795,473 |
All other contributions, gifts, grants, and similar amounts not included above | $7,508,296 |
Noncash contributions included in lines 1a–1f | $280,309 |
Total Revenue from Contributions, Gifts, Grants & Similar | $13,303,769 |
Total Program Service Revenue | $36,671,241 |
Investment income | $8,989,800 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $42,522 |
Net Gain/Loss on Asset Sales | $58,886 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $59,370,727 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $22,403,706 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $527,546 |
Compensation of current officers, directors, key employees. | $150,054 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $10,198,662 |
Pension plan accruals and contributions | $447,362 |
Other employee benefits | $1,288,826 |
Payroll taxes | $717,508 |
Fees for services: Management | $0 |
Fees for services: Legal | $81,923 |
Fees for services: Accounting | $149,725 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $270,355 |
Fees for services: Other | $0 |
Advertising and promotion | $230,018 |
Office expenses | $2,435,019 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $1,462,479 |
Travel | $1,222,467 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $95,565 |
Interest | $690,040 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $2,945,814 |
Insurance | $651,014 |
All other expenses | $501,200 |
Total functional expenses | $51,261,634 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $3,761,958 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $258,701 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $740,176 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $53,538,853 |
Investments—publicly traded securities | $85,276,566 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $976,336 |
Total assets | $144,552,590 |
Accounts payable and accrued expenses | $2,191,751 |
Grants payable | $0 |
Deferred revenue | $192,807 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $100,000 |
Secured mortgages and notes payable | $22,596,322 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $3,398,254 |
Total liabilities | $28,479,134 |
Net assets without donor restrictions | $36,308,277 |
Net assets with donor restrictions | $79,765,179 |
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 | $144,552,590 |