2024-05-01T09:11:00-05:00 2023-06-30 135565207 KPMG LLP 1212 NORTH 96TH STREET SUITE 300 OMAHA NE 68114 990 2022-07-01 470376525 HASTINGS COLLEGE HAST 4024632402 710 N TURNER AVE HASTINGS NE 689017696 STEPHANIE OURADA CFO 4024632402 2024-04-29 1 STEPHANIE OURADA 999009999 0 HOLLY K MOEN P01800653 4023481450 2024-04-26 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z STEPHANIE OURADA 710 N TURNER AVE HASTINGS NE 689017696 54550436 0 X WWW.HASTINGS.EDU X 1882 NE HASTINGS COLLEGE IS A PRIVATE, CO-EDUCATION, RESIDENTIAL, LIBERAL ARTS COLLEGE FOUNDED IN 1882. 25 25 611 26 0 0 13303769 6933551 36671241 37642130 9048686 5129157 347031 4595428 59370727 54300266 22403706 21468700 0 0 13179904 13728297 0 0 1350737 15678024 17479351 51261634 52676348 8109093 1623918 144552590 147958834 28479134 27868027 116073456 120090807 X HASTINGS COLLEGE IS A PRIVATE, CO-EDUCATION, RESIDENTIAL, LIBERAL ARTS COLLEGE FOUNDED IN 1882. 0 0 49770601 21468700 38279110 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 978 STUDENTS FROM 37 STATES AND 25 FOREIGN COUNTRIES; AND IS FULLY ACCREDITED BY THE HIGHER LEARNING COMMISSION. 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.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: "FORMED THROUGH EXCEPTIONAL TEACHING, DELIBERATE MENTORING, WELCOMING AND PARTICIPATORY COMMUNITY, HASTINGS COLLEGE SENDS FORTH CREATIVE, CURIOUS, CARING STUDENTS WHO THRIVE AS CITIZENS AND LEADERS 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, BIOLOGY, STUDIO ART, AND CRIMINOLOGY. WITH A STUDENT-TO-FACULTY RATIO OF 14-TO-1, THE 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.IN FALL 2023, HASTINGS COLLEGE WELCOMED 347 FIRST-YEAR STUDENTS, THE LARGEST INCOMING STUDENT CLASS IN A DECADE. WITH TRANSFER STUDENTS INCLUDED, THE INCOMING STUDENT COUNT EXCEEDED 400. IN SEPTEMBER 2023, THE EDUCATION CENTER FOR A NURSING WORKFORCE PARTNERSHIP BETWEEN HASTINGS COLLEGE, BRYAN COLLEGE OF HEALTH SCIENCES, AND MARY LANNING HEALTHCARE OPENED FOR CLASSES. LOCATED IN THE MEDICAL OFFICE BUILDING AT MARY LANNING HEALTHCARE, THE DAUGHERTY EDUCATIONAL CENTER FOR HEALTH PROFESSIONS PROVIDES CLASSROOMS AND LABORATORIES FOR STUDENTS IN THE FOUR-YEAR BACHELOR OF SCIENCE IN NURSING PROGRAM, WHICH IS EXPECTED TO ENROLL MORE THAN 100 STUDENTS WITHIN FOUR YEARS. HASTINGS COLLEGE HAS ANNOUNCED AMBITIOUS PLANS TO BUILD A NEW STATE OF THE ART RESIDENCE HALL AND TRANSFORM ITS EXISTING HOUSING AND DINING SPACES. THE IMPROVEMENTS WILL BEGIN IN SUMMER 2024, AND THE NEW RESIDENTIAL COMPLEX WILL OPEN BY FALL 2026. THE INVESTMENTS ARE SUPPORTED BY THE WALTER SCOTT FAMILY FOUNDATION AND OTHER FOUNDATIONS, TRUSTEES, AND DONORS.HASTINGS COLLEGE RECEIVED A $1.12 MILLION GRANT FROM LILLY ENDOWMENT INC. TO ESTABLISH ASPIRE, THE ACADEMY OF STUDENT PREACHERS INSPIRING RELIGIOUS ENGAGEMENT. THE PROGRAM IS FUNDED THROUGH THE ENDOWMENT'S COMPELLING PREACHING INITIATIVE. THE AIM OF THE INITIATIVE IS TO FOSTER AND SUPPORT PREACHING THAT INSPIRES, ENCOURAGES, AND GUIDES PEOPLE TO LIVE OUT THEIR CHRISTIAN FAITH MORE FULLY.U.S. NEWS AND WORLD REPORT RANKS HASTINGS COLLEGE 11TH ON THE LIST OF BEST VALUE COLLEGES IN THE MIDWEST, WHICH TAKES INTO ACCOUNT ACADEMIC QUALITY AND NET COST OF ATTENDANCE. U.S. NEWS ALSO PLACES HASTINGS COLLEGE ON A LIST RECOGNIZING COLLEGES THAT ARE SUCCESSFUL IN ADVANCING SOCIAL MOBILITY BY ENROLLING AND GRADUATING FEDERAL PELL GRANT RECIPIENTS. THE WASHINGTON MONTHLY RANKS HASTINGS COLLEGE IN THE TOP 20 PERCENT OF BACHELOR DEGREE-FOCUSED SCHOOLS THAT CONTRIBUTE TO THE PUBLIC GOOD IN THREE CATEGORIES: SOCIAL MOBILITY, RESEARCH, AND PROMOTING PUBLIC SERVICE.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. 49770601 1 1 0 0 0 0 1 1 0 1 1 0 0 0 1 1 0 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 1536 0 1 611 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 25 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 X STEPHANIE OURADA 4024617300 710 N TURNER AVE HASTINGS NE 689017621 GLEN MOSS TRUSTEE 1.00 2.00 X 0 0 0 HAROLD DITTMER TRUSTEE 1.00 2.00 X 0 0 0 ANN MARTIN BOARD CHAIR 1.00 2.00 X X 0 0 0 JESSICA MEESKE TRUSTEE 1.00 0.00 X 0 0 0 JUSTIN OSBORNE TRUSTEE 1.00 0.00 X 0 0 0 KIM DINSDALE TRUSTEE 1.00 2.00 X 0 0 0 GREG ALLEN-PICKETT TRUSTEE 1.00 0.00 X 0 0 0 RICHARD LOUTZENHEISER TRUSTEE 1.00 0.00 X 0 0 0 MARCY LUTH TRUSTEE 1.00 2.00 X 0 0 0 WILLIAM BARRETT TRUSTEE 1.00 2.00 X 0 0 0 PAUL KRIEGER TRUSTEE 1.00 0.00 X 0 0 0 SCOTT DEBOER TRUSTEE 1.00 0.00 X 0 0 0 GARY FREEMAN TRUSTEE 1.00 2.00 X 0 0 0 VINCE COOK BOARD SECRETARY 1.00 0.00 X X 0 0 0 JOHN DEBOER BOARD VICE CHAIR 1.00 0.00 X X 0 0 0 CARMEN MAURER TRUSTEE 1.00 0.00 X 0 0 0 ROB ANDREWS TRUSTEE 1.00 0.00 X 0 0 0 ALEX EISELE TRUSTEE 1.00 0.00 X 0 0 0 JENNEIFER ERICKSON BAAK TRUSTEE 1.00 0.00 X 0 0 0 JILL FARRELL TRUSTEE 1.00 0.00 X 0 0 0 JILLIAN FICKENSCHER TRUSTEE 1.00 0.00 X 0 0 0 ATL MARTINEZ TRUSTEE 1.00 0.00 X 0 0 0 DANETTE ANDLEY TRUSTEE 1.00 0.00 X 0 0 0 JEREMY ARENSDORF TRUSTEE 1.00 0.00 X 0 0 0 MICHAEL MOODY TRUSTEE (END 10/22) 1.00 0.00 X 0 0 0 CATHY PEETZ TRUSTEE 1.00 0.00 X 0 0 0 ROBERT UNGER TRUSTEE (END 10/22) 1.00 0.00 X 0 0 0 STEPHANIE OURADA CHIEF FINANCIAL OFFICER 40.00 0.00 X 154367 0 7716 RICHARD LLOYD EXECUTIVE PRESIDENT 32.00 8.00 X 0 0 0 ANNETTE VARGAS VP- STUDENT ACCESS/ENROLLMENT 40.00 0.00 X 118460 0 5915 JONAS PRIDA VP - ACADEMIC/STUDENT AFFAIRS 40.00 0.00 X 117121 0 33578 MICHAEL KARLOFF VP - FOUNDATION (THRU 1/2023) 10.00 30.00 X 111368 0 14228 501316 0 61437 4 0 1 0 NATIONAL MANAGEMENT RESOURCES CORPORATIO 113 CORPORATE PARK EAST DRIVE LAGRANGE GA 30241 CUSTODIAL / MAINTENANCE CONTRACTOR 1772620 CHARTWELLS COMPASS GROUP USA PO BOX 91337 CHICAGO IL 60693 FOOD SERVICE VENDOR 1478941 AKADEMOS LLC (VITAL TOPCO LP) 227 FAYETTEVILLE ST STE 400 RALEIGH NC 27601 STUDENT BOOK PROVIDER 585553 RUTT'S HEATING AND AIR 1001 WEST 1ST STREET HASTINGS NE 68901 VARIOUS HEATING AND AIR CONDITIONG PARTS 566835 MAMMOTH SPORTS CONSTRUCTION LLC 601 E WYANDOTTE ST MERIDEN KS 66512 FOOTBALL TURF FIELD REPLACEMENT 564747 17 912497 6021054 209019 6933551 TUITION AND FEES 611310 30634430 30634430 SALES & SVCS OF AUX EN 611310 7007700 7007700 37642130 5186913 5186913 54579 32254 22325 22325 22325 160160 217916 -57756 -57756 -57756 INSURANCE PROCEEDS 900099 3936123 3936123 OTHER REVENUE 900099 636980 636980 4573103 54300266 38279110 0 9087605 21468700 21468700 501262 117067 272827 111368 10959305 9705784 540116 713405 493746 418480 40189 35077 992724 855740 80955 56029 781260 664644 56519 60097 38576 12364 26212 109500 109500 284537 284537 226574 217099 9475 2267174 2243731 4213 19230 1741429 1741429 2146196 1875026 20731 250439 151171 139075 7866 4230 718574 718574 2731282 2731282 1006708 1006708 CONTRACT SERVICES 3164568 2776114 327316 61138 CONTRACT FOOD SERVICE 1508483 1508483 BOOKS AND COMPUTER 623540 616919 1071 5550 ANNUITY OBLIGATION EXP 215651 215651 545388 453194 67495 24699 52676348 49770601 1555010 1350737 0 0 3761958 1602826 0 281728 258701 283339 0 0 0 0 0 0 740176 792561 0 0 100989283 46873698 53538853 54115585 85276566 89991017 0 0 0 0 0 0 976336 891778 144552590 147958834 2191751 3398824 0 0 192807 126812 0 0 100000 22596322 21241189 0 0 3398254 3101202 28479134 27868027 X 36308277 38350796 79765179 81740011 116073456 120090807 144552590 147958834 1623918 2393433 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 1 1 0 1 X X 0 101507493 1272406 7028489 6763720 103044668 113074932 3946549 -8961507 6552481 101507493 98322617 2393549 19847781 7489015 113074932 101297743 936354 527534 4439014 98322617 100284262 2469683 4111313 5567515 101297743 0.27820 0.60860 0.11320 0 0 6170127 2088964 8259091 70059837 31621885 38437952 6141602 2711165 3430437 14895618 12340581 2555037 1433068 1433068 54115585 US GOVT STUDENT LOANS 136312 CUSTODIAL FUNDS 151746 ANNUITIES PAYABLE 1418625 ASSET RETIREMENT OBLIGATION 1394519 3101202 X PART II, LINE 9: CONSERVATION EASEMENTS THIS RELATES TO A HISTORIC CLASSROOM THAT IS CURRENTLY BEING USED AND BEING REPORTED ON THE BALANCE SHEET. CURRENTLY THERE ARE NO PRESERVATION OR RESTORATION ACTIVITIES RELATED TO THE CLASSROOM. PART III, LINE 4: HASTINGS COLLEGE HAS AN ART COLLECTION THAT IS KEPT IN THE DINSDALE ART BUILDING WHICH IS USED TO SUPPORT THE LIBERAL ARTS EDUCATION AT THE COLLEGE. PART V, LINE 4: ENDOWMENT FUNDS ARE ALL USED FOR THE COLLEGE'S EXEMPT PURPOSE, INCLUDING SCHOLARSHIPS TO STUDENTS, SALARIES FOR ENDOWED DEPARTMENT CHAIRS, MAINTENANCE OF CLASSROOM BUILDINGS, THE LIBRARY AND EQUIPMENT. PART X, LINE 2: THE COLLEGE'S OPERATIONS ARE TAX EXEMPT UNDER 501(C)(3) OF THE INTERNAL REVENUE CODE, AND ACCORDINGLY, THE FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES. THE COLLEGE ACCOUNTS FOR UNCERTAINTIES IN ACCOUNTING FOR INCOME TAX ASSETS AND LIABILITIES USING THE GUIDANCE INCLUDED IN FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) TOPIC 740, INCOME TAXES. THE COLLEGE RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. DURING THE YEARS ENDED JUNE 30, 2023 AND 2022, THE COLLEGE DID NOT RECORD ANY AMOUNTS RELATED TO UNCERTAIN TAX POSITIONS OR ANY ACCRUED INTEREST AND PENALTIES. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE NONDISCRIMINATORY POLICY IS MADE KNOWN THROUGH VARIOUS HASTINGS COLLEGE PUBLICATIONS READ PRIMARILY BY STUDENTS AND OTHER COLLEGE PERSONNEL. THE POLICY IS NOTED IN THE ADMISSIONS CATALOG AND THE COLLEGE HAS USED THE HASTINGS DAILY TRIBUNE, WHICH IS THE LOCAL DAILY NEWSPAPER. THE COLLEGE ATTEMPTS THROUGH OTHER NEWS MEDIA TO MAKE THIS KNOWN, BUT THE ONES LISTED ABOVE ARE THE MOST COMMONLY USED. SCHEDULE E, PART I, LINE 6 GOVERNMENT GRANTS INCLUDE STATE AND FEDERAL GRANTS AWARDED TO STUDENTS WITH FINANCIAL NEED INCLUDING THE COLLEGE WORK-STUDY PROGRAM. THESE GRANT DOLLARS ARE AWARDED DIRECTLY TO QUALIFYING STUDENTS. IN ADDITION, HASTINGS COLLEGE RECEIVED FUNDS FROM THE HIGHER EDUCATION EMERGENCY RELIEF FUND (HEERF), WHICH A PORTION OF THE GRANT FUNDING WAS AWARDED DIRECTLY TO STUDENTS AS AID. 1 0 0 SCHOLARSHIPS 959 21468700 FMV CASH N/A PART I, LINE 2: MONITORING USE OF FUNDS THE ONLY GRANTS MADE ARE TO THE STUDENTS OF HASTINGS COLLEGE IN THE FORM OF SCHOLARSHIPS TO ASSIST IN PAYING FOR EDUCATION. GRANTS WERE AS FOLLOWS: INSTITUTIONAL AID $ 16,620,564 STATE AID $ 383,399 PRIVATE SCHOLARSHIPS $ 4,313,051 SCOTT SCHOLARS $ 151,686 TOTAL $ 21,468,700 X X 0 1 X X 0 0 0 0 0 0 0 0 0 STEPHANIE OURADA CHIEF FINANCIAL OFFICER 154313 0 54 0 0 0 7716 0 0 0 162083 0 0 0 JONAS PRIDA VP - ACADEMIC/STUDENT AFFAIRS 117067 0 54 0 0 0 6419 0 27159 0 150699 0 0 0 PART I, LINE 1B SOCIAL CLUB MEMBERSHIP HASTINGS COLLEGE PAYS FOR THE PRESIDENT'S SOCIAL MEMBERSHIP AT THE LOCAL COUNTRY CLUB. THE SOCIAL FEE IS MINIMAL AND ONLY BUSINESS RELATED EXPENSES ARE REIMBURSABLE. AS PART OF HASTINGS COLLEGE'S EXECUTIVE PRESIDENT LEASE AGREEMENT, HASTINGS COLLEGE PAYS BRYAN MEDICAL CENTER A MONTHLY PASS THROUGH TO DR. RICH LLOYD FOR HIS LIVING ALLOWANCE / TRAVEL COSTS. X 13 57838 FMV X LOAN FORGIVENESS 1 100352 X OTHER 29 50829 0 0 1 1 PART I, LINE 32B: THIRD PARTIES A BROKER IS USED TO SELL GIFTS OF STOCK AND REAL ESTATE. HASTINGS COLLEGE FOUNDATION, A RELATED ORGANIZATION, ALSO SOLICITS NONCASH CONTRIBUTIONS ON BEHALF OF THE COLLEGE. PART-I LINE-(B) COLUMN B, LINE 9 REPRESENTS THE NUMBER OF CONTRIBUTIONS. COLUMN B, LINE 25 REPRESENTS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION B, LINE 11B REVIEW OF 990 BY GOVERNING BODY THE BOARD OF TRUSTEES NAMED A THREE PERSON SUBCOMMITTEE TO REVIEW THE FORM 990 WITH THE VP FOR FINANCE AND ADMINISTRATION IN DETAIL PRIOR TO THE APRIL BOARD OF TRUSTEE MEETING. A SUMMARY OF THIS REVIEW, ALONG WITH HIGHLIGHTS OF THE INFORMATION AND THE FORM 990 WILL BE PROVIDED AND DISCUSSED WITH THE FULL BOARD OF TRUSTEES AT THE APRIL 2024 MEETING. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY HASTINGS COLLEGE ASKS FOR ANNUAL DISCLOSURE AND CROSS REFERENCES THE DISCLOSURE WITH KNOWN ACTIVITY. FORM 990, PART VI, SECTION B, LINE 15 FOR KEY EMPLOYEES, INCLUDING THE COLLEGE PRESIDENT, HASTINGS COLLEGE UTILIZES PEER INSTITUTION'S SALARY DATA FROM GUIDESTAR FOR COMPARABILITY PURPOSES. COMPENSATION IS RECOMMENDED BY THE EXECUTIVE COMMITTEE OF THE BOARD AND IS REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES. DELIBERATION AND DECISION IS DOCUMENTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 18 FORM 990 AND GOVERNING DOCUMENTS THE FORM 990 IS AVAILABLE IN THE OFFICE OF THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION. THE FORM IS ALSO AVAILABLE ON GUIDESTAR WEBSITE. FORM 990, PART VI, SECTION C, LINE 19 STATEMENTS MADE AVAILABLE TO THE PUBLIC HASTINGS COLLEGE DOES NOT MAKE THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. HASTINGS COLLEGE FOUNDATION 710 N TURNER AVE HASTINGS NE 68901 510247972 FOUNDATION NE 501(C)(3) 12-TYPE 1 HASTINGS COL 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 HASTINGS COLLEGE FOUNDATION N 824773 BOOK HASTINGS COLLEGE FOUNDATION O 837598 BOOK