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Nonprofiteer
← HASTINGS COMMUNITY FOUNDATION INC

Form 990 for tax year 2025

Filed by HASTINGS COMMUNITY FOUNDATION INC.

Totals

Total revenue
$4,597,362
Total expenses
$4,733,241
Contributions and grants received
$3,902,362
Grants paid
$4,356,939
Program service revenue
$0
Investment income
$677,444
Other revenue
$17,556
Total assets, end of year
$19,159,334
Total liabilities, end of year
$1,381,668
Net assets or fund balances, end of year
$17,777,666
Program services expenses (Part IX)
$4,356,939
Management and general expenses
$345,207
Fundraising expenses
$31,095
Program service expenses (Part III)
$4,356,939

Program services were 92.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $18,259

  • 1f · All other contributions, gifts and grants

    $3,884,103

  • 1g · Noncash contributions included above

    $1,537,528

  • 3 · Investment income

    total $498,153 · excluded $498,153

  • 7a · Gross sales of assets other than inventory

    securities $6,223,378

  • 7b · Less cost or other basis and sales expenses

    securities $6,044,087

  • 7c · Gain or loss

    securities $179,291

  • 7d · Net gain or loss

    total $179,291 · excluded $179,291

  • 8a · Fundraising events: gross income

    $3,699

  • 8a · Fundraising events: contributions included on line 1c

    $18,259

  • 8b · Fundraising events: direct expenses

    $3,699

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: ADMINISTRATIVE FEES

    total $17,263 · excluded $17,263

  • 11b · Other revenue: INCREASE IN CSV OF LIFE INSURANCE

    total $293 · excluded $293

  • 11e · Other revenue, total

    $17,556

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,293,218 · program services $4,293,218

  • 2 · Grants to domestic individuals

    total $63,721 · program services $63,721

  • 5 · Compensation of officers, directors and key employees

    total $114,597 · management and general $103,137 · fundraising $11,460

  • 7 · Other salaries and wages

    total $56,443 · management and general $50,799 · fundraising $5,644

  • 9 · Other employee benefits

    total $7,570 · management and general $6,813 · fundraising $757

  • 10 · Payroll taxes

    total $12,504 · management and general $11,254 · fundraising $1,250

  • 11b · Fees: legal

    total $10,729 · management and general $10,729

  • 11c · Fees: accounting

    total $6,749 · management and general $6,749

  • 11f · Fees: investment management

    total $91,093 · management and general $91,093

  • 11g · Fees: other

    total $4,214 · management and general $4,214

  • 12 · Advertising and promotion

    total $11,984 · fundraising $11,984

  • 13 · Office expenses

    total $30,414 · management and general $30,414

  • 16 · Occupancy

    total $5,243 · management and general $5,243

  • 17 · Travel

    total $381 · management and general $381

  • 19 · Conferences, conventions and meetings

    total $1,082 · management and general $1,082

  • 22 · Depreciation, depletion and amortization

    total $8,506 · management and general $8,506

  • 23 · Insurance

    total $4,365 · management and general $4,365

  • 24a · Other expenses: POSTAGE

    total $4,392 · management and general $4,392

  • 24b · Other expenses: TELEPHONE

    total $2,960 · management and general $2,960

  • 24c · Other expenses: EQUIPMENT RENT

    total $1,397 · management and general $1,397

  • 24d · Other expenses: UTILITIES

    total $1,290 · management and general $1,290

  • 24e · All other expenses

    total $389 · management and general $389

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $301,179 · end of year $352,787

  • 10a · Land, buildings and equipment: cost or other basis

    $631,557

  • 10b · Land, buildings and equipment: accumulated depreciation

    $8,506

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $623,051

  • 11 · Investments: publicly traded securities

    beginning of year $17,087,074 · end of year $18,156,853

  • 15 · Other assets

    beginning of year $201,125 · end of year $26,643

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,725 · end of year $4,063

  • 21 · Escrow or custodial account liability

    beginning of year $1,107,573 · end of year $1,226,024

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $151,581

  • 27 · Net assets without donor restrictions

    beginning of year $172,131 · end of year $251,910

  • 28 · Net assets with donor restrictions

    beginning of year $16,305,949 · end of year $17,525,756

Mission and programs · 2025

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.

Activities or mission (Part I)

COMMUNITY FOUNDATION

  • 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).

    Expenses $4,332,555 · Grants $4,332,555

  • 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).

    Expenses $20,884 · Grants $20,884

  • 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).

    Expenses $3,500 · Grants $3,500

  • 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.

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Scott Kvols

    PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • Jessi Hoeft

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Colleen Adam

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Jeff Kully

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Matthew Baack

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Dean Moors

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Stephanie Bliss

    DIRECTOR

    Total calculated
    $18,997
    From this org
    $18,997
    From related orgs
    $0
    Other
    $0
    Hours/week
    13

  • Roger Doerr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Adam Jacobitz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael Nevrivy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Rippe

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Hauli Sabatka

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Daniel Peters

    EXECUTIVE DIRECTOR

    Total calculated
    $101,313
    From this org
    $94,500
    From related orgs
    $0
    Other
    $6,813
    Hours/week
    40

  • Ryan Samuelson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Aaron Shardt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brandee Schram

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Charles Shoemaker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Amy Skalka

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2025
Filed
15 September 2026
IRS schema version
2025v4.2
Source object
202622589349300747

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.