Overview
What is Hastings Community Foundation Inc?
Hastings Community Foundation Inc, located in Hastings, Nebraska, is a 501(c)(3) nonprofit organization with a mission to enrich and improve the quality of life in the Hastings area. They achieve this by managing and investing philanthropic donations in a prudent manner. The foundation distributes these funds to qualified organizations, adhering to the instructions or limitations set in the gift or the will of the testator. The organization, with a team of five dedicated individuals, plays a crucial role in supporting the community's exempt purposes as outlined in Regulation 1.501(c)(3)-1(D).
What are the reviews and ratings of this charity?
Charity Navigator Rating: 78%, Three-Star out of Four Star rating
Hastings Community Foundation Inc has received a solid Three-Star rating from Charity Navigator, indicating a commitment to accountability and financial health. The organization excels in areas such as having a majority of independent board members and a low liabilities to assets ratio, which reflects strong financial management practices. With a program expense ratio of nearly 93%, it demonstrates a dedication to directing resources towards its mission.
Despite its strengths, the foundation's Culture & Community score is lower at 73%. This suggests some room for improvement in fostering an inclusive and community-oriented environment. While the organization has established policies on conflict of interest and whistleblower protections, further initiatives could enhance its equity strategies.
Overall, Hastings Community Foundation Inc shows a commitment to transparency and effective financial practices, making it a responsible steward of donations. However, focusing on community engagement and equity measures could further strengthen its impact and community trust.
This AI summary has been generated from information found on Charity Navigator.
Is Hastings Community Foundation Inc legitimate?
Hastings Community Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hastings Community Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $90,513
Professional Fundraising Fees: $0
Other Salaries and Wages: $36,885
For more financial information, click here
What is the mission statement of Hastings Community Foundation Inc?
The Hastings Community Foundation's mission is geared towards enhancing and sustaining the quality of life in its surrounding area. It accomplishes this by responsibly managing philanthropic donations. These donations are then distributed to qualified 501(c)(3) organizations and governmental bodies. The receiving organizations utilize these donations to advance their exempt purposes, as outlined in Regulation 1.501(c)(3)-1(D). The distributions are disbursed according to the instructions or limitations contained in the gift or the will of the testator. The foundation's activities are centered around perpetuating and enriching the community's well-being.
Who is the CEO of Hastings Community Foundation Inc?
Roger Doerr is the Director of Hastings Community Foundation Inc.
What is the revenue of Hastings Community Foundation Inc?
Hastings Community Foundation Inc's revenue in 2022 was $1,453,084.
Who are the executives of Hastings Community Foundation Inc and what are their salaries?
The average compensation at Hastings Community Foundation Inc during 2022 was $25,480. There are 5 employees at Hastings Community Foundation Inc.
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Where can I find the form 990 for Hastings Community Foundation Inc?
Hastings Community Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hastings Community Foundation Inc
The Hastings Community Foundation works diligently to preserve and enhance the quality of life in its surrounding area. As a community foundation, its primary mission is to manage and invest philanthropic donations prudently. This philanthropic capital is then disbursed to qualifying 501(c)(3) organizations and governmental entities. These receiving organizations utilize the donations to further their exempt purposes, as outlined in Regulation 1.501(c)(3)-1(D). The Hastings Community Foundation adheres to the instructions or limitations contained in the gift or the will of the testator, ensuring that the donations are distributed in alignment with the intended purpose.
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Impact
October, 2024
Hastings Community Foundation Inc plays a crucial role in enhancing the quality of life in Hastings and its surrounding areas through strategic philanthropy. By managing and investing philanthropic donations, the foundation is able to distribute funds to qualified 501(c)(3) organizations and governmental bodies. These donations are essential for the receiving organizations, as they utilize the funds to fulfill their missions and serve the community effectively. The foundation ensures that these distributions align with the specific instructions or limitations set forth in the gift or will, focusing on areas that have the greatest potential for positive impact. Through its work, Hastings Community Foundation Inc fosters community enrichment, supports vital services, and promotes the overall well-being of residents in the region.
This information is meant to be a general summary of Hastings Community Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$586,906
- Gross Receipts: $15,806,351
Assets and Liabilities:
- Total Assets: $14,500,500
- Total Liabilities: $1,010,472
- Net Assets: $13,490,028
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Organization Details
Founding Year
1988
Phone
(402) 462-5152Principal Officer
Roger Doerr
Main Address
PO BOX 703, HASTINGS, NE, 68902
NTEE Category
Code: T310 - Philanthropy
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