2025-05-08T13:08:37-05:00 2024-06-30 135565207 KPMG LLP 1212 NORTH 96TH STREET SUITE 300 OMAHA NE 68114 990 2023-07-01 470376525 HASTINGS COLLEGE HAST 4024632402 710 N TURNER AVE HASTINGS NE 689017696 STEPHANIE OURADA CFO 4024632402 2025-05-01 1 0 SOPHIE R KING P02233384 4023481450 2025-05-01 2023 2025-03-06 01:10:19Z STEPHANIE OURADA 710 N TURNER AVE HASTINGS NE 689017696 68933269 0 X WWW.HASTINGS.EDU X 1882 NE HASTINGS COLLEGE IS A PRIVATE, CO-EDUCATION, RESIDENTIAL, LIBERAL ARTS COLLEGE FOUNDED IN 1882. 24 24 574 26 0 0 6933551 22770556 37642130 41798911 5129157 2771723 4595428 1526921 54300266 68868111 21468700 23570678 0 0 13728297 13946434 0 0 1007997 17479351 19603419 52676348 57120531 1623918 11747580 147958834 167088563 27868027 29211752 120090807 137876811 X HASTINGS COLLEGE IS A PRIVATE, CO-EDUCATION, RESIDENTIAL, LIBERAL ARTS COLLEGE FOUNDED IN 1882. 0 0 54321831 23570678 43320968 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 916 STUDENTS FROM 37 STATES AND 21 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, BIOLOGY, HEALTH SYSTEMS, AND WILDLIFE BIOLOGY. WITH A STUDENT-TO-FACULTY RATIO OF 13-TO-1, THE COLLEGE OFFERS ITS STUDENTS PERSONALIZED CONTACT WITH DEDICATED PROFESSORS FROM SOME OF THE NATION'S TOP GRADUATE PROGRAMS. EIGHTY-FIVE PERCENT OF FULL-TIME FACULTY HAVE A DOCTORATE OR OTHER TERMINAL DEGREE.IN RECENT YEARS, HASTINGS COLLEGE HAS DEVELOPED IMPORTANT WORKFORCE PARTNERSHIPS, ENHANCED ITS CAMPUS FACILITIES, AND SECURED SIGNIFICANT SUPPORT FROM TRUSTEES, ALUMNI, AND FOUNDATIONS. IN 2023, HASTINGS COLLEGE, BRYAN COLLEGE OF HEALTH SCIENCES, AND MARY LANNING HEALTHCARE OPENED THE LINDA AND TIM DAUGHERTY EDUCATIONAL CENTER FOR HEALTH PROFESSIONS AT MARY LANNING'S NEW MEDICAL OFFICE BUILDING. THE 15,000-SQUARE-FOOT CENTER, WHICH CONTAINS CLASSROOMS, SKILLS LABORATORY, AND SIMULATION CENTER, SERVES STUDENTS ENROLLED IN THE BACHELOR OF SCIENCE IN NURSING PROGRAM WHO TAKE SCIENCE AND GENERAL EDUCATION COURSES AT HASTINGS COLLEGE AND LIVE IN CAMPUS RESIDENCE HALLS. THIS WORKFORCE CATALYST ADDRESSES THIS REGION'S CRITICAL NEED FOR MORE REGISTERED NURSES WHILE INCREASING HASTINGS COLLEGE'S NET TUITION REVENUE AND STUDENT HOUSING OCCUPANCY. IN PARTNERSHIP WITH THE SUZANNE AND WALTER SCOTT FOUNDATION AND SCOTT RESIDENTIAL MANAGEMENT (SRM), HASTINGS COLLEGE LAUNCHED THE FIRST PHASE OF AN AMBITIOUS PLAN TO IMPROVE RESIDENTIAL INFRASTRUCTURE. IN SUMMER 2024, SRM UPGRADED TWO BRONCO VILLAGE APARTMENTS (BVA) WITH KITCHEN UPDATES AND NEW FURNISHINGS AND THREE RESIDENCE HALLS (ALTMAN, BRONC, AND TAYLOR) WITH COMMON SPACE IMPROVEMENTS. OVER THE NEXT TWO SUMMERS, SRM WILL UPGRADE THE REMAINING FOUR BVA APARTMENTS. IN OCTOBER 2024, THE PARTNERS BROKE GROUND ON A 322-BED, 136,000-SQUARE-FOOT RESIDENCE HALL CALLED "THE 1882" IN HONOR OF THE COLLEGE'S FOUNDING YEAR. THE FOUR-STORY, U-SHAPED BUILDING, SCHEDULED TO OPEN IN FALL 2026, WILL FEATURE FOUR- AND TWO-BEDROOM UNITS AND STUDIO-STYLE ROOMS, AS WELL AS WORKOUT SPACE, CENTER COURTYARD, AND AMENITIES OPEN TO ALL STUDENTS. IN COORDINATION WITH CENTRAL COMMUNITY COLLEGE, HASTINGS COLLEGE WILL OFFER TWO NEW MAJORS PREPARING EDUCATION GRADUATES TO TEACH CAREER-READY COURSES IN NEBRASKA'S HIGH SCHOOLS. AGRICULTURAL EDUCATION GRADUATES WILL TEACH COURSES IN AGRICULTURE, FOOD, AND NATURAL RESOURCES. SKILLED AND TECHNICAL SCIENCES MAJORS WILL TEACH IN ARCHITECTURE AND CONSTRUCTION; ENERGY AND ENGINEERING; MANUFACTURING; AND TRANSPORTATION, DISTRIBUTION, AND LOGISTICS. THE DEPARTMENT OF EDUCATION HAS DESIGNATED "CAREER AND TECHNICAL EDUCATION" A TEACHER SHORTAGE AREA IN NEBRASKA. IN 2024, HASTINGS COLLEGE RECEIVED AN ESTATE GIFT OF MORE THAN $9 MILLION, THE LARGEST GIFT IN COLLEGE HISTORY, FROM ED OSTERMAN, AN ALUMNUS FROM CENTRAL CITY WHO DIRECTED HIS ESTATE TO DEFERRED MAINTENANCE NEEDS.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. 54321831 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 1519 0 1 574 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 24 24 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 ALEX EISELE TRUSTEE (END 10/2024) 1.00 0.00 X 0 0 0 ANN MARTIN BOARD CHAIR 1.00 2.00 X X 0 0 0 ATL MARTINEZ TRUSTEE 1.00 0.00 X 0 0 0 CARMEN MAURER TRUSTEE 1.00 0.00 X 0 0 0 CATHY PEETZ TRUSTEE 1.00 0.00 X 0 0 0 DANETTE ANDLEY TRUSTEE 1.00 0.00 X 0 0 0 GARY FREEMAN TRUSTEE 1.00 2.00 X 0 0 0 GLEN MOSS TRUSTEE 1.00 2.00 X 0 0 0 GREG ALLEN-PICKETT TRUSTEE 1.00 0.00 X 0 0 0 HAROLD DITTMER TRUSTEE 1.00 2.00 X 0 0 0 JENNIFER ERICKSON BAAK TRUSTEE 1.00 0.00 X 0 0 0 JEREMY ARENSDORF TRUSTEE 1.00 0.00 X 0 0 0 JESSICA MEESKE 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 JOHN DEBOER BOARD VICE CHAIR 1.00 0.00 X X 0 0 0 JOHN HEWITT TRUSTEE (START 7/2024) 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 MARCY LUTH TRUSTEE 1.00 2.00 X 0 0 0 PAUL KRIEGER TRUSTEE 1.00 0.00 X 0 0 0 RICHARD LOUTZENHEISER TRUSTEE 1.00 0.00 X 0 0 0 ROB ANDREWS TRUSTEE 1.00 0.00 X 0 0 0 SCOTT DEBOER TRUSTEE (END 3/2024) 1.00 0.00 X 0 0 0 VINCE COOK BOARD SECRETARY 1.00 0.00 X X 0 0 0 WILLIAM BARRETT TRUSTEE 1.00 2.00 X 0 0 0 RICHARD LLOYD EXECUTIVE PRESIDENT 32.00 8.00 X 0 0 0 STEPHANIE OURADA CHIEF FINANCIAL OFFICER 40.00 0.00 X 164784 0 18656 ANNETTE VARGAS VP- STUDENT ACCESS/ENROLLMENT 40.00 0.00 X 123045 0 6149 CHELSEA LEMAR FOUNDATION EXECUTIVE DIRECTOR 0.00 40.00 X 122750 0 15670 CHRISTOPHER CLEMENTS ATHLETIC DIRECTOR 40.00 0.00 X 102275 0 21659 KITTIE GRACE ASSOC DEAN/ACADEMIC AFFAIRS 40.00 0.00 X 103318 0 4757 PATRICIA KINGSLEY CHIEF INFORMATION OFFICER 40.00 0.00 X 100899 0 15172 MICHAEL KARLOFF FORMER - VP - FOUNDATION 10.00 30.00 X 151083 0 13457 868154 0 95520 7 1 1 0 COMMERCIAL RESTORATION GROUP (CRG) PO BOX 206 WAVERLY NE 68462 CONSTRUCTION 3364270 NATIONAL MANAGEMENT RESOURCES CORPORATIO 113 CORPORATE PARK EAST DRIVE LAGRANGE GA 30241 CUSTODIAL / MAINTENANCE CONTRACTOR 1785706 CHARTWELLS COMPASS GROUP USA PO BOX 91337 CHICAGO IL 60693 FOOD SERVICE VENDOR 1700191 BRYAN MEDICAL CENTER PO BOX 82557 LINCOLN NE 685012557 EXEC PRES LEASE & REIMB. FOR FURNITURE 484015 AKADEMOS LLC (VITAL TOPCO LP) 227 FAYETTEVILLE ST STE 400 RALEIGH NC 27601 STUDENT BOOK PROVIDER 422547 13 786313 21984243 8571160 22770556 TUITION AND FEES 611310 33658544 33658544 SALES & SVCS OF AUX EN 611310 8140367 8140367 41798911 2792307 2792307 49438 44574 4864 4864 4864 20584 -20584 -20584 -20584 OTHER REVENUE 900099 1522057 1522057 1522057 68868111 43320968 0 2776587 23570678 23570678 868154 205593 388728 273833 10079362 9185217 547202 346943 486282 408362 46520 31400 1788926 1577834 139687 71405 723710 614018 65238 44454 40053 36548 960 2545 185660 185660 268155 268155 206230 205675 150 405 1628885 1529208 4092 95585 1846654 1843243 3411 1719922 1618781 15294 85847 166298 159707 5092 1499 1135822 1135822 2641197 2641197 1092537 1092537 CONTRACT SERVICES 5184877 4830131 316092 38654 CONTRACT FOOD SERVICE 1776037 1776037 BOOKS AND COMPUTER 863407 835192 26009 2206 DUES AND SUBS 226701 170630 49441 6630 620984 617266 538 3180 57120531 54321831 1790703 1007997 0 0 1602826 5800212 281728 609810 283339 175106 0 0 0 0 0 0 792561 1242756 0 0 107164279 48574333 54115585 58589946 89991017 96947478 0 0 0 0 0 0 891778 3723255 147958834 167088563 3398824 2240603 0 0 126812 253072 0 0 0 0 0 0 21241189 23727913 0 0 3101202 2990164 27868027 29211752 X 38350796 39954964 81740011 97921847 120090807 137876811 147958834 167088563 11747580 6038424 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 103044668 976647 7960656 6196849 105785122 101507493 1272406 7028489 6763720 103044668 113074932 3946549 -8961507 6552481 101507493 98322617 2393549 19847781 7489015 113074932 101297743 936354 527534 4439014 98322617 0.26840 0.59930 0.13230 0 0 8858269 2883740 11742009 71889046 33102748 38786298 6631247 2980680 3650567 14934219 12490905 2443314 1967758 1967758 58589946 US GOVT STUDENT LOANS 3485 CUSTODIAL FUNDS 184546 ANNUITIES PAYABLE 1302907 ASSET RETIREMENT OBLIGATION 1499226 2990164 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 STATMENTS 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, 2024 AND 2023, 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. 1 0 0 SCHOLARSHIPS 998 23570678 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 $ 18,316,590 STATE AID $ 479,628 PRIVATE SCHOLARSHIPS $ 4,584,337 SCOTT SCHOLARS $ 190,123 TOTAL $ 23,570,678 X X 0 1 X X 0 0 0 0 0 0 0 0 0 STEPHANIE OURADA CHIEF FINANCIAL OFFICER 159730 0 5054 0 0 0 8243 0 10413 0 183440 0 0 0 MICHAEL KARLOFF FORMER - VP - FOUNDATION 91992 0 0 0 59091 0 4841 0 8616 0 164540 0 0 0 PART I, LINE 1B SOCIAL CLUB MEMBERSHIP HASTINGS COLLEGE PAYS FOR THE PRESIDENT'S AND EXECUTIVE DIRECTOR OF THE FOUNDATION'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 35 5213615 FMV X 2 3195000 FMV X OTHER 26 162545 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 SHARES CONTRIBUTED. COLUMN B, LINE 16 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 2025 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 292482 BOOK HASTINGS COLLEGE FOUNDATION O 768035 BOOK