Hastings College

What it reported doing in 2024

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 871 students from 34 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 majors of full-time students are business administration, exercise science, biology, elementary education, and wildlife biology. 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. Ninety 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 is improving its residential infrastructure by upgrading furnishings and common spaces in campus apartments and residence halls and renovating the hazelrigg student union. The partners are also constructing a 322-bed, 136,000-square-foot residence hall named "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. Another major construction project this past year was the refurbishing of the jack osborne track complex including a resurfaced, eight-lane track and bleachers seating 500.in 2024, the college announced the creation of the doerr center for civic engagement, which will include targeted initiatives pertaining to citizenship and active engagement across the curriculum.the center was funded by roger and karen doerr of hastings, Nebraska.in coordination with central community college, hastings college is offering 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

Financial Efficiency

• Mission deployment rate: 93.1%; rating input score 93
• Program expense ratio: 95.2%; rating input score 95
• Fundraising efficiency: $14.33 raised per $1 spent on fundraising; rating input score 50; 50th percentile among comparable filings

Transparency & Controls

• Consistency checks: 92.9%; rating input score 93; 17th percentile among comparable filings
• Pay-setting controls: 2 of 6 controls in place; rating input score 33
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 98.4%; rating input score 98; 35th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
• Governance controls: 8 of 9 controls in place; rating input score 89
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Fail
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 2.5%; rating input score 45; 45th percentile among comparable filings
• Total-asset coverage ratio: 2.99; rating input score 76; 76th percentile among comparable filings
• Liabilities to assets ratio: 0.15; rating input score 75; 75th percentile among comparable filings
• Officer compensation ratio: 2.1%; rating input score 54; 54th percentile among comparable filings

Growth

• Program expense growth: 1.6% per year; rating input score 100; 13th percentile among comparable filings
• Revenue growth: 1.9% per year; rating input score 100; 13th percentile among comparable filings
• Asset growth: 2.7% per year; rating input score 100; 18th percentile among comparable filings