Hastings Community Foundation Inc

Nonprofit profile at a glance

EIN
363569968
IRS 990 coverage
2010–2025
Forms available
Form 990 2025
Location
Hastings, NE, USA
Phone
4024625152
Rating
88
Verdict
STRONG
Rating confidence
Moderate
Sector
Community Foundations

Official website

Reported finances

Revenue
$4,597,362
Expenses
$4,733,241
Assets
$19,159,334
Liabilities
$1,381,668

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

18 people listed

Executive titles in this filing

  • SCOTT KVOLS (PRESIDENT)
  • JESSI HOEFT (VICE-PRESIDENT)
  • COLLEEN ADAM (VICE-PRESIDENT)
  • DANIEL PETERS (EXECUTIVE DIRECTOR)

Highest reported compensation

  • DANIEL PETERS (EXECUTIVE DIRECTOR): $101,313 total reported compensation
  • STEPHANIE BLISS (DIRECTOR): $18,997 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The hastings community foundation works to perpetuate and enrich the quality of life in hastings and the surrounding area through the prudent investment and management of philanthropic donations.

What it reported doing in 2025

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).

Operating model

Revenue model
Donor-supported. 88% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing does not identify recipients for some grant dollars and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 96
  • Transparency & Controls: 78
  • Accountability: 96
  • Sustainability: 46
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 98.8%; rating input score 99
  • Program expense ratio: 92%; rating input score 92
  • Fundraising efficiency: $125.5 raised per $1 spent on fundraising; rating input score 90; 90th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 94.4%; rating input score 94; 25th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 51.2%; rating input score 51; 21st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 94.4%; rating input score 94; 25th percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -3%; rating input score 19; 19th percentile among comparable filings
  • Total-asset coverage ratio: 4.05; rating input score 77; 77th percentile among comparable filings
  • Liabilities to assets ratio: 0.07; rating input score 54; 54th percentile among comparable filings
  • Officer compensation ratio: 2.5%; rating input score 72; 72nd percentile among comparable filings

Growth

  • Program expense growth: 12.9% per year; rating input score 100; 70th percentile among comparable filings
  • Revenue growth: 9.9% per year; rating input score 100; 66th percentile among comparable filings
  • Asset growth: 6.8% per year; rating input score 100; 43rd percentile among comparable filings

Details

  • Where the money goes: 98.8% of revenue deployed · 92% of spending went to programs
  • Governance: 17 of 18 board members independent · 8 of 8 filing controls reported
  • Programs: 4 filed program accomplishments · $4.4M in reported program spending
  • Leadership: top reported pay $101K · 18 people listed
  • Highest-paid contractors: 1 contractor listed · $1.3M reported
  • Consistency: 36 of 37 current checks pass · 1 finding to review
  • Schedules: 7 filed schedules · includes major donors and grants
  • Filing history: 15 filing years from 2010 to 2025
  • Contacts: How to reach this organization
  • Money network: 80 filed money-flow records
  • Related organizations: 78 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Transparency & Controls: Grant itemization coverage scored 51/100.
  • High — Sustainability: Operating margin scored 19/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Review — Sustainability: Liabilities to assets ratio scored 54/100.