2013-02-13T10:51:29-06:00 2012-06-30 KPMG LLP Two Central Park Plaza Suite 1501 Omaha NE 681021626 990 2011-07-01 470376525 Hastings College % KAY L LANGSETH HAST 4024613700 710 N TURNER AVE HASTINGS NE 689017696 Kay Langseth 2013-02-13 true LORRAINE A EGGER 4023481450 2011 2016-03-07 17:11:31Z DENNIS TROTTER 710 N TURNER AVE HASTINGS NE 689017696 44460420 false X www.hastings.edu X 1882 NE HASTINGS COLLEGE IS A PRIVATE, CO-EDUCATION, RESIDENTIAL, LIBERAL ARTS COLLEGE FOUNDED IN 1882. 29 29 1058 0 0 7040326 10086432 29733674 32984097 10503496 1081476 215958 187748 47493454 44339753 12509218 14670837 0 0 13804913 15053869 44000 0 1251310 11068151 10720991 37426282 40445697 10067172 3894056 113144809 117278180 16720122 16959437 96424687 100318743 X HASTINGS COLLEGE IS A PRIVATE, CO-EDUCATION, RESIDENTIAL, LIBERAL ARTS COLLEGE FOUNDED IN 1882. false false 38473894 14670837 33190678 Hastings College has in place a number of academic partnerships to increase opportunities for students, open doors for underserved students, and assist the community. Creighton University in Omaha collaborates with Hastings College on a nursing partnership whereby students earn a Bachelor of Arts degree from Hastings College and then enroll in the one-year Creighton university accelerated nursing program to earn a Bachelor of Science degree in nursing. Hastings College also offers a 3-2 engineering program that leads to degrees in mechanical, electrical, civil, chemical, and aeronautical engineering. Students spend the first three years at Hastings taking pre-engineering and liberal arts courses and the last two years at a partner engineering school such as Washington University - St. Louis, Columbia University, university of Nebraska, and the University of Colorado. Additionally, Hastings college partners with central community college (CCC), a public, two-year college with campuses in Hastings, grand island, and Columbus, Nebraska, to offer college bound, a transfer initiative for students who have earned associate's degrees, and college bound education, an articulation program for teacher education candidates. International partnerships include student exchange agreements between Hastings College and universities in Germany, England, Spain, Ireland, Italy, Russia, Thailand, and the Netherlands. 38473894 true true false true false false true false false true true false false false true true false true true false false false false false false false false true true true true false false false false false false false false false false true false false false false true true true false false true 65 0 true 1058 true false false false false false false false false false false X 29 29 true false false false false false false true true false false true true true true false false false false false X KAY L LANGSETH 4024617300 710 N TURNER AVE HASTINGS NE 689017621 X Kristin M Allen 1.0 X Clayton C Anderson 1.0 X William C Barrett 1.0 X X Gale Beirow 1.0 X David Burkholder 1.0 X James C Creigh 1.0 X J T Daugherty 1.0 X Kim Dinsdale 1.0 X Harold E Dittmer 1.0 X X Lyle Fleharty 1.0 X Robert L Gottsch 1.0 X X Bruce Gulliver 1.0 X Donald E Jackson 1.0 X X Calvin R Johnson 1.0 X Paul R Krieger 1.0 X William W Marshall III 1.0 X Jessica A Meeske 1.0 X Michael E Moody 1.0 X Rick J Moore 1.0 X Glen A Moss 1.0 X William G Nottage-Tacey 1.0 X Rhonda S Pauley 1.0 X ANNE PRATT 1.0 X JAMES L THOM 1.0 X RUDY M THOMAS 1.0 X ROBERT A UNGER 1.0 X DOUGLAS S USHER 1.0 X GRETCHEN K VONDRAK 1.0 X PHILIP F WERNER JR 1.0 X GORDON D WHITTEN JR 1.0 X X GARY FREEMAN 1.0 X MARK HERBEK 1.0 X PHILLIP DUDLEY 40.0 X 218831 0 23470 KAY LANGSETH 32.0 X 142096 0 15505 DENNIS TROTTER 32.0 X 178246 0 23669 RICHARD LLOYD 40.0 X 105555 0 13158 RON CHESBROUGH 40.0 X 100148 11146 SUSAN MEESKE 40.0 X 130916 8200 875792 0 95148 6 false true false Morgan Stanley Smith Barney LLC 13625 California St OMAHA NE 68103 Financial Services 113216 Sungard Higher Education 4 County View Road MALVERN PA 19355 IT Services 170764 SCOTT ENTERPRISES INC 9684 N 109TH AVE OMAHA NE 681421124 ROOFING CONTRACTOR 313512 PERFORMA HIGHER EDUCATION 940 GOLF HOUSE ROAD W 200 WHITSETT NC 27377 PLANNING SERVICES 113653 AGB SEARCH 1133 20TH ST NW SUITE 300 WASHINGTON DC 20036 Recruitment Services 134784 5 234792 249031 9602609 5521218 10086432 TUITION AND FEES 900099 26702060 26702060 SALES AND SERVICES OF AUXILIARY ENTERPRISES 900099 6282037 6282037 32984097 1155306 1155306 0 0 28004 46837 -18833 -18833 -18833 73830 -73830 -73830 -73830 0 0 0 OTHER REVENUE 900099 206581 206581 206581 44339753 33190678 1062643 25000 25000 14645837 14645837 0 0 476485 256080 119121 101284 0 10976185 10346009 111415 518761 600782 545435 15044 40303 2218008 2052554 45372 120082 782409 717054 17922 47433 0 96961 96961 93020 93020 3270 3270 0 0 0 0 1529074 1391020 14960 123094 0 0 1115290 1109233 3319 2738 1345261 1156220 37292 151749 0 61322 56809 4513 425033 425033 0 2129138 2129138 386624 366546 20078 CONTRACT FOOD SERVICES 1004746 1004746 CONTRACTED SERVICES 1050894 840035 91185 119674 COST OF GOODS SOLD 448152 448152 OTHER EXPENSES 1032206 958993 51534 21679 40445697 38473894 720493 1251310 0 0 2282678 3449403 0 0 150437 68780 0 0 0 0 1167163 1314257 122622 103023 254286 503854 68972597 25323882 44354951 43648715 63049580 66256550 0 0 0 0 0 0 1763092 1933598 113144809 117278180 2173929 2183374 0 0 0 0 10335000 10030000 0 0 0 0 0 0 0 0 4211193 4746063 16720122 16959437 X 37370210 35014453 16876928 15535732 42177549 49768558 96424687 100318743 113144809 117278180 3894056 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false true 3270 false false false 3270 false SCHEDULE C, PART II-B, LINE 1F HASTINGS COLLEGE PAID DUES TO A PROFESSIONAL ORGANIZATION, OF WHICH A PERCENTAGE OF THE DUES WERE USED FOR LOBBYING. X 1 0.00 1 0 0 1 false 0.00 0 true 41979533 7573225 11468 -6316 49570542 38562501 3416117 915 41979533 37415661 1133287 826 -12727 38562501 36733771 680966 924 37415661 1.00000 false false 685364 685364 53583990 17370621 36213369 4176494 974158 3202336 10198970 6979103 3219867 327779 327779 43648715 0 US GOVT STUDENT LOANS 984533 CUSTODIAL FUNDS 568118 ANNUITIES PAYABLE 824007 ASSET RETIREMENT OBLIGATION 1123928 DUE TO AFFILIATE 1245477 4746063 SCHEDULE D, 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. SCHEDULE D, PART V, LINE 4 ENDOWMENT FUNDS 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. SCHEDULE D, PART X, LINE 2 FIN 48 FOOTNOTE THE COLLEGE'S OPERATIONS ARE TAX EXEMPT UNDER 501(C)(3) OF THE INTERNAL REVENUE CODE, AND ACCORDINGLY, THE FINANCIALS 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. AT JUNE 30, 2012 AND 2011, THE COLLEGE HAD NO UNCERTAIN TAX POSITIONS ACCRUED. true true true true true true true false false false false false false false false true false true 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 6A 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. true crane meadows nature center 9325 S ALDA RD WOOD RIVER NE 688839558 363788194 501(C)(3) 25000 SUPPORT EXEMPT PURPOSE 1 SCHOLARSHIPS 1188 14645837 SCHEDULE I, 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, AND 501(C)(3) ORGANIZATIONS. GRANTS WERE AS FOLLOWS: INSTITUTIONAL AID $14,202,597 STATE AID 185,920 PRIVATE SCHOLARHIPS 257,320 TOTAL 14,645,837 X X false true true true false false false false false false false PHILLIP DUDLEY 131183 0 0 0 87648 0 12730 0 15807 0 247368 0 0 0 KAY LANGSETH 140509 0 0 0 1587 0 9336 0 6722 0 158154 0 0 0 DENNIS TROTTER 165441 0 0 0 12805 0 17500 0 16127 0 211873 0 0 0 SOCIAL CLUB MEMBERSHIP SCHEDULE J PART I LINE 1B 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. RESIDENCE FOR PERSONAL USE SCHEDULE J PART I LINE 1A Hastings College pays for the personal residence for the president of Hastings College. SCHEDULE J, PART I, LINE 4A SEVERANCE PAYMENT THE FOLLOWING REPORTABLE INDIVIDUAL RECEIVED A SERVANCE PAYMENT AS THE COLLEGE PRESIDENT DURING THE 2011 CALENDAR YEAR AND THE SEVERANCE PAYMENT WAS INCLUDED IN HIS W-2 INCOME AND REPORTABLE AS COMPENSATION ON SCHEDULE J: PHILLIP DUDLEY - $81,198. SCHEDULE J, PART I, LINE 4B SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN THE FORMER COLLEGE PRESIDENT, PHILLIP DUDLEY, PARTICIPATES IN HASTINGS COLLEGE'S 457B PLAN. DURING THE 2011 CALENDAR YEAR, THE COLLEGE CONTRIBUTED $5,000 TO THE PLAN. NEBRASKA EDUCATIONAL FINANCE AUTHORITY 521293953 63966PLN2 2004-02-12 6913021 APARTMENT CONSTRUCTION false false false NEBRASKA EDUCATIONAL FINANCE AUTHORITY 521293953 63966PPF5 2005-04-26 3692848 APARTMENT CONSTRUCTION false false false NEBRASKA EDUCATIONAL FINANCE AUTHORITY 521293953 2009-04-02 5000000 BUILDING CONSTRUCTION false false false 1600000 0 6940253 486498 116354 0 112645 0 0 6224756 0 0 2004 false false true true 640000 0 3703670 256975 30163 0 73673 0 0 3342858 0 0 2005 false false true true 1700000 0 3300000 0 0 0 0 0 0 3000000 0 0 2009 false false true true false false false false false false 0.00000 0.00000 0.00000 true false false false false false false 0.00000 0.00000 0.00000 true false false false false false false 0 true false false false 0 false 0 false true false false false 0 false 0 false true false true false 0 false 0 false false PART II, LINE 3 0 The total proceeds do not agree to the issue price in Part I, Column (E) due to investment earnings. PART II, COLUMN C, LINE 3 0 This debt was issued on a draw down basis up to $5,000,000. The principal amount drawn of $3,300,000 was for payment of project costs. The remaining principal is not expected to be drawn. X 8451 416211 FMV X 4 5063750 FMV X GIFT IN KIND 3 41257 FMV 0 false false true SCHEDULE M PART I LINE 32A THIRD PARTIES A BROKER IS USED TO SELL GIFTS OF STOCK AND REAL ESTATE. 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 B LINE 11 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 January 2013 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 C LINE 19 STATEMENTS AVAILABLE TO THE PUBLIC Hastings college does not make the governing documents, conflict of interest policy, and financial statements available to the public. FORM 990 PART III LINE 4 ORGANIZATION ACHIEVEMENTS Founded in 1882, Hastings College is widely respected for its broad and innovative curriculum, commitment to servant-leadership, and managerial integrity. The college confers Bachelor of Arts, bachelor of music, and Master of Arts in teaching degrees. Eighty-six percent of tenured or tenure-track faculty have earned the PhD. or the highest terminal degree in their discipline. The college's national caliber professors come from top graduate programs such as Harvard, duke, Vanderbilt, Notre dame, rice, and Purdue. Three faculty members have been named Nebraska professor of the year by the Carnegie foundation for the advancement of teaching. Dedicated to fostering a culture of evidence and assessment, Hastings College continually measure student learning and student satisfaction. The college participates in a number of national surveys such as the noel-Levitz student satisfaction inventory, national survey of student engagement, and collegiate learning assessment. In the 2008 noel-Levitz survey, Hastings college students expressed greater satisfaction at the highest statistically significant level than did students from the national comparison group on 70 of 73 items related to quality of academic programs, teaching, advising, and student life. Intellectually driven and socially conscious, Hastings college students have, since 2004, served more than 100,000 hours locally and in places across the United States and around the world. For two consecutive years, the college has been named to the president's higher education community service honor roll. FORM 990 PART VI SECTION A LINE 2 BUSINESS RELATIONSHIPS RUDY THOMAS AND BRUCE GULLIVER HAVE A BUSINESS RELATIONSHIP. WILLIAM MARSHALL, JESSICA MEESKE (THROUGH JESSICA MEESKE'S SPOUSE), AND JAMES THOM HAVE A BUSINESS RELATIONSHIP. FAMILY RELATIONSHIPS SUSAN MEESKE AND JESSICA MEESKE HAVE A FAMILY RELATIONSHIP. GARY FREEMAN AND MARK HERBEK HAVE A FAMILY RELATIONSHIP. HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:KAY LANGSETH TITLE:VP FINANCE AND ADMIN HOURS:8 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:DENNIS TROTTER TITLE:PRESIDENT OF COLLEGE HOURS:8 HASTINGS COLLEGE FOUNDATION 11422 MIRACLE HILLS DRIVE OMAHA NE 68154 510247972 FOUNDATION NE 501(C)(3) 11 - Type 2 Hastings Col true false false true false false false false false false false false false true true false false false false HASTINGS COLLEGE FOUNDATION C 234792 Cash Hastings College Foundation M 631265 Book Hastings College Foundation N 620045 Book