2023-04-25T13:59:43-05:00 2022-06-30 135565207 KPMG LLP 1212 NORTH 96TH STREET SUITE 300 OMAHA NE 68114 990 2021-07-01 470376525 HASTINGS COLLEGE HAST 4024632402 710 N TURNER AVE HASTINGS NE 689017696 STEPHANIE OURADA CFO 4024632402 2023-04-25 1 STEPHANIE OURADA 999009999 HOLLY K MOEN P01800653 4023481450 2023-04-25 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z STEPHANIE OURADA 710 N TURNER AVE HASTINGS NE 689017696 59564405 0 X WWW.HASTINGS.EDU X 1882 NE HASTINGS COLLEGE IS A PRIVATE, CO-EDUCATION, RESIDENTIAL, LIBERAL ARTS COLLEGE FOUNDED IN 1882. 23 22 682 26 0 0 8590656 13303769 36114876 36671241 2069044 9048686 258427 347031 47033003 59370727 20954028 22403706 0 0 12140346 13179904 0 0 1176417 14140324 15678024 47234698 51261634 -201695 8109093 158855744 144552590 33150365 28479134 125705379 116073456 X HASTINGS COLLEGE IS A PRIVATE, CO-EDUCATION, RESIDENTIAL, LIBERAL ARTS COLLEGE FOUNDED IN 1882. 0 0 48589266 22403706 36975750 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. 48589266 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 1 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 0 0 1 682 1 0 0 0 0 0 1 1 1 1 0 1 0 0 0 X 23 22 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 WILLIAM BARRETT TRUSTEE 1.00 1.00 X 0 0 0 JILL FARRELL TRUSTEE 1.00 0.00 X 0 0 0 JENNIFER ERICKSON BAAK TRUSTEE 1.00 0.00 X 0 0 0 ALEX EISELE TRUSTEE 1.00 0.00 X 0 0 0 ROB ANDREWS TRUSTEE 1.00 0.00 X 0 0 0 CARMEN MAURER TRUSTEE 1.00 0.00 X 0 0 0 JOHN DEBOER BOARD VICE CHAIR 1.00 0.00 X X 0 0 0 VINCE COOK BOARD SECRETARY 1.00 0.00 X X 0 0 0 SCOTT DEBOER TRUSTEE 1.00 0.00 X 0 0 0 PAUL KRIEGER TRUSTEE 1.00 0.00 X 0 0 0 JILLIAN FICKENSCHER TRUSTEE 1.00 0.00 X 0 0 0 ROBERT UNGER TRUSTEE 1.00 0.00 X 0 0 0 BRUCE GULLIVER TRUSTEE (END 10/21) 1.00 0.00 X 0 0 0 RICHARD LOUTZENHEISER TRUSTEE 1.00 0.00 X 0 0 0 HAROLD DITTMER TRUSTEE 1.00 1.00 X 0 0 0 ANN MARTIN BOARD CHAIR 3.00 0.00 X X 0 0 0 JESSICA MEESKE TRUSTEE 1.00 0.00 X 0 0 0 MARCY LUTH TRUSTEE 1.00 1.00 X 0 0 0 KIM DINSDALE TRUSTEE 1.00 3.00 X 0 0 0 JUSTIN OSBORNE TRUSTEE 1.00 0.00 X 0 0 0 MICHAEL MOODY TRUSTEE 1.00 0.00 X 0 0 0 ROGER DOERR TRUSTEE (END 10/21) 3.00 1.00 X 0 0 0 RICH KOOPMANN TRUSTEE (END 10/21) 1.00 0.00 X 0 0 0 GREG ALLEN-PICKETT TRUSTEE 1.00 0.00 X 0 0 0 ATL MARTINEZ TRUSTEE 1.00 0.00 X 0 0 0 GLEN MOSS TRUSTEE 1.00 1.00 X 0 0 0 GARY FREEMAN EXECUTIVE DIRECTOR - THRU 6/22 10.00 30.00 X 167654 0 34201 STEPHANIE OURADA VP - FINANCE / CFO 40.00 0.00 X 150054 0 5875 RICH LLOYD EXECUTIVE PRESIDENT 32.00 8.00 X 0 0 0 BURT PUMROY ATHLETIC DIRECTOR 40.00 0.00 X 104994 0 31663 ANNETTE VARGAS VP- STUDENT ACCESS/ENROLLMENT 40.00 0.00 X 104898 0 4495 527600 0 76234 4 0 1 0 NATIONAL MANAGEMENT RESOURCES CORP PO BOX 1224 LAGRANGE GA 30241 CUSTODIAL/MAINT 1905808 CHARTWELLS COMPASS GROUP USA PO BOX 91337 CHICAGO IL 60693 FOOD SERVICE VENDOR 1336812 RUTT'S HEATING & AIR CONDITIONING 1001 WEST 1ST STREET HASTINGS NE 68901 HVAC MAINTENANCE 600517 MAMMOTH SPORTS CONSTRUCTION LLC 601 E WYANDOTTE ST MERIDEN KS 66512 TURF REPLACEMENT 423560 MARY LANNING HEALTHCARE - LIVE ATTN TRACEY KARR HASTINGS NE 68901 ATHLETIC TRAINER 193157 13 5795473 7508296 280309 13303769 TUITION AND FEES 611310 30072418 30072418 SALES & SVCS OF AUX EN 611310 6598823 6598823 36671241 8989800 8989800 63620 21098 42522 42522 42522 231466 172580 58886 58886 58886 OTHER REVENUE 900099 304509 304509 304509 59370727 36975750 0 9091208 22403706 22403706 527546 209838 150054 167654 10198662 9044299 583180 571183 447362 376293 34810 36259 1288826 1146934 95873 46019 717508 613893 51771 51844 81923 66352 11955 3616 149725 149725 270355 270355 230018 220712 9306 2435019 2347922 9248 77849 1462479 1455568 6911 1222467 1075844 18622 128001 95565 89864 4311 1390 690040 690040 2945814 2945814 651014 651014 CONTRACT SERVICES 2945939 2559391 336650 49898 CONTRACT FOOD SERVICE 1281586 1281586 BOOKS AND COMPUTER 506019 505301 479 239 ANNUITY OBLIGATION EXP 208861 208861 501200 425679 49273 26248 51261634 48589266 1495951 1176417 0 0 3475982 3761958 325000 0 516649 258701 0 0 0 0 0 0 389860 740176 0 0 98770467 45231614 54055784 53538853 98561949 85276566 0 0 0 0 0 0 1530520 976336 158855744 144552590 3250773 2191751 0 0 294193 192807 0 0 0 0 0 100000 25225406 22596322 0 0 4379993 3398254 33150365 28479134 X 38389435 36308277 87315944 79765179 125705379 116073456 158855744 144552590 8109093 -17741016 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED PART II-B, LINE 1: HASTINGS COLLEGE PAID DUES TO A PROFESSIONAL ORGANIZATION, OF WHICH A PERCENTAGE OF THE DUES WERE USED FOR LOBBYING. X 1 1 1 0 1 X X 0 113074932 3946549 -8961507 6552481 101507493 98322617 2393549 19847781 7489015 113074932 101297743 936354 527534 4439014 98322617 100284262 2469683 4111313 5567515 101297743 98159961 942446 5221820 4039965 100284262 0.28290 0.60530 0.11180 0 0 5746986 2088964 7835950 69718074 30160580 39557494 5185350 2457078 2728272 14844650 12613956 2230694 1186443 1186443 53538853 US GOVT STUDENT LOANS 299217 CUSTODIAL FUNDS 160127 ANNUITIES PAYABLE 1515019 ASSET RETIREMENT OBLIGATION 1423891 3398254 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, 2022 AND 2021, 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 960 22403706 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 $ 16,950,212 STATE AID $ 325,232 PRIVATE SCHOLARSHIPS $ 3,637,426 HEERF $1,281,795 SCOTT SCHOLARS $209,041 TOTAL $ 22,403,706 X X 0 1 X X 0 0 0 0 0 0 0 0 0 GARY FREEMAN EXECUTIVE DIRECTOR - THRU 6/22 164793 0 54 0 2807 0 7042 0 27159 0 201855 0 0 0 STEPHANIE OURADA VP - FINANCE / CFO 150000 0 54 0 0 0 5875 0 0 0 155929 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. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE AS A CONDITION OF HIS EMPLOYMENT, THE COLLEGE'S PRESIDENT WAS PROVIDED HOUSING CONTIGUOUS TO CAMPUS. THE PRESIDENT HOSTS COLLEGE EVENTS AT THE RESIDENCE. THE HOUSING IS FURNISHED FOR THE CONVENIENCE OF THE COLLEGE AND IS THEREFORE NOT INCLUDED IN HIS TAXABLE COMPENSATION. THE RESIDENCE IS OWNED AND MAINTAINED BY THE COLLEGE. CLEANING, MAINTENANCE, AND GROUNDS KEEPING SERVICES ARE PROVIDED BY THE COLLEGE FOR PUBLIC AREAS OF THE RESIDENCE ONLY. HASTINGS LEASES THE PRESIDENT THROUGH BRYAN HEALTH, AS HE SERVES AS THE PRESIDENT FOR HASTINGS COLLEGE AND BRYAN COLLEGE OF NURSING. PART OF THE PAYMENTS TO BRYAN INCLUDE THE HOUSING ALLOWANCE. JUSTIN OSBORNE TRUSTEE X 100000 100000 0 0 0 100000 X 23 249151 FMV X OTHER 39 31158 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 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 JANUARY 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 2023 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 738838 BOOK HASTINGS COLLEGE FOUNDATION O 437580 BOOK