NonprofitsThe Hormel Foundation

Public Foundations

The Hormel Foundation

AUSTIN, MN

Total revenue

$40.8M

Total expenses

$33.6M

Net assets

$1.1B

Grants received

$210K

3 grants

EIN

410694716

Tax year

2023

Mission

To serve as a charitable organization to benefit the Austin community and as a trustee to various family trusts.

Financials

FY 2023

Revenue

Contributions & grants$463K
Program service revenue
Investment income$38.8M
Other revenue$1.5M
Total revenue$40.8M

Expenses

Grants paid$32.5M
Salaries & benefits$601K
Fundraising
Other expenses$581K
Total expenses$33.6M
Total assets$1.2B
Net assets$1.1B

People

21 listed

NameRoleCompensation

S S Dankert

Assistant Sec-Treas

Board

$198K

40 hrs/wk

R G Gentzler

Treasurer

Board

$95K

10 hrs/wk

B B Rietz

Vice Chair

Board

$40K

4 hrs/wk

S T Rizzi Jr

Secretary

Board

$20K

2 hrs/wk

M M King

Director

Board

$19K

1 hrs/wk

D B Baker

Director

Board

$18K

1 hrs/wk

T J Dankert

Director

Board

$18K

1 hrs/wk

R J Kramer

Director

Board

$16K

1 hrs/wk

J M Page

Director

Board

$15K

1 hrs/wk

N C Jandragholica

Director

Board

$14K

1 hrs/wk

R R Pavek

Director

Board

$14K

1 hrs/wk

M S Lanke

Director

Board

$14K

1 hrs/wk

S Y Salas-Ramirez

Director

Board

$10K

1 hrs/wk

R R Clarke

Director

Board

$10K

1 hrs/wk

J W Erichson

Director

Board

$8K

1 hrs/wk

K L Linaker

Director

Board

$5K

1 hrs/wk

J P Snee

Director

Board

1 hrs/wk

J L Strickler

Director

Board

1 hrs/wk

J A Woodard

Director

Board

1 hrs/wk

J M Ettinger

Chair/Executive Director

Board

5 hrs/wk

M R Ciota

Director

Board

1 hrs/wk

Grants received

Showing 3 of 3

Funded by

$210K from 1 funder · 3 grants · 2022–2024

Blooming Prairie Cancer Group

$210K · 3 grants · 2022–2024

Details

EIN410694716
NTEE codeT30
Subsection03
Ruling date1943-04
Formed1941
Employees3
Volunteers2
THE HORMEL FOUNDATION — Mission, Financials & Grants Received | Grantivo