Hastings Community Foundation Inc

Organization Overview

Hastings Community Foundation Inc is located in Hastings, NE. The organization was established in 1988. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Hastings Community Foundation Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hastings Community Foundation Inc 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 12/2021, Hastings Community Foundation Inc generated $10.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 29.6% each year . All expenses for the organization totaled $2.5m during the year ending 12/2021. While expenses have increased by 11.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Hastings Community Foundation Inc has awarded 344 individual grants totaling $9,502,975. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

COMMUNITY FOUNDATION

Describe the Organization's Program Activity:

Part 3 - Line 4a

DISTRIBUTIONS TO QUALIFIED 501(C)(3) ORGANIZATIONS AND GOVERNMENTAL ORGANIZATIONS - THESE DONATIONS ARE USED BY THE RECEIVING ORGANIZATIONS TO FURTHER THEIR EXEMPT PURPOSE. DISTRIBUTIONS SHALL BE DISBURSED ACCORDING TO THE INSTRUCTIONS OR LIMITATIONS CONTAINED IN THE GIFT OR IN THE WILL OF THE TESTATOR. THESE PURPOSES ARE DEFINED IN REG. 1.501(C)(3) - 1(D).


SCHOLARSHIPS - UNDER ARTICLE IV OF ARTICLES, THE PURPOSE OF THE ORGANIZATION IS TO RECEIVE, ADMINISTER, INVEST, AND DISPENSE FUNDS FOR "EDUCATIONAL AND OTHER PURPOSES AS DEFINED IN REG. 1.501(C)(3) - 1(D).


SCHOLARSHIPS - TOM OSBORNE SCHOLARSHIPS: UNDER AGREEMENT, THE PURPOSE OF THE ORGANIZATION IS TO RECEIVE, ADMINISTER, INVEST, AND DISPENSE FUNDS FOR "EDUCATIONAL AND OTHER PURPOSES AS DEFINED IN REG. 1.501(C)(3) - 1(D).


FUNDS USED TO REIMBURSE SADDLE UP CLUB LEADERS SINCE THE FOUNDATION ACTS AS THE FISCAL SPONSOR FOR THE ORGANIZATION. ACTIVITY DESIGNED TO FURTHER COMMUNITY FELLOWSHIP.


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Board, Officers & Key Employees

Name (title)Compensation
Daniel Peters
Executive Director
$72,181
Stephanie Bliss
Director
$10,878
Scott Kvols
Vice-President
$0
Jessi Hoeft
Vice-President
$0
Roger Doerr
Treasurer
$0
Dean Moors
President
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$5,115,353
Noncash contributions included in lines 1a–1f $1,327,394
Total Revenue from Contributions, Gifts, Grants & Similar$5,115,353
Total Program Service Revenue$0
Investment income $454,680
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $5,241,356
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $10,811,389

Grants Awarded

Over the last fiscal year, Hastings Community Foundation Inc has awarded $2,191,346 in support to 63 organizations.

Grant RecipientAmount

HASTINGS COLLEGE FOUNDATION

Org PageRecipient Profile

Hastings, NE

PURPOSE: GENERAL OPERATIONS, ARTS DEPARTMENT, BRIDGE THE GAP, BAND CHALLENGE, SCHOLARSHIPS

$244,562

PRAIRIE LOFT CENTER INC

Org PageRecipient Profile

Hastings, NE

PURPOSE: GENERAL OPERATIONS, CAPITAL CAMPAIGNS

$158,811

HASTINGS CATHOLIC SCHOOLS FOUNDATION

Org PageRecipient Profile

Hastings, NE

PURPOSE: GENERAL OPERATIONS

$148,402

HASTINGS FAMILY YMCA

Org PageRecipient Profile

Hastings, NE

PURPOSE: GENERAL OPERATIONS, CAPITAL CAMPAIGN

$127,876

CITY OF HASTINGS

PURPOSE: FOR CAPITAL PROJECTS AND COMMUNITY GRANTS

$112,478

FIDELITY CHARITABLE

Org PageRecipient Profile

Boston, MA

PURPOSE: GENERAL OPERATIONS

$108,562
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Hastings Community Foundation Inc has recieved totaling $2,112,897.

Awarding OrganizationAmount
Jeffery Wallace Ellis Trust

Hastings, NE

PURPOSE: EDUCATIONAL (INCLUDING SCHOLARSHIPS) AND CHARITABLE

$2,003,404
Hastings Community Foundation Inc

Hastings, NE

PURPOSE: GENERAL OPERATIONS, GIVE HASTINGS DAY

$103,493
Leroy Thom Jean Thom And T-L Foundation Inc

Hastings, NE

PURPOSE: PUBLIC SUPPORT

$6,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$5,597,892
Earnings$668,732
Admin Expense$38,342
Net Contributions$98,138
Grants$249,177
Ending Balance$6,077,243

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