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The Hormel Foundation

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Public Foundations (NTEE)

Donations to this organization are tax deductible.

Details

According to its Nov. 2023 tax filing, this nonprofit:

Provided first-class or charter travel
Organization provided first-class or charter travel to key employees or officers. Details are reported on Schedule J.
Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$37.4M (2023)

Expenses
$29.4M (2023)

Total Assets
$1.07B (2023)

Total Liabilities
$40.2M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Nov.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$37,415,875
Expenses
$29,418,311
Net Income
$7,997,564
Net Assets
$1,029,415,916
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,200
0.0%
Program Services $0
Investment Income $35,950,591
96.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $631,628
1.7%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $832,456
2.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $472,517
1.6%
Professional Fundraising Fees $0
Other Salaries and Wages $84,217
0.3%
Assets/Debt
Total Assets $1,069,654,211
Total Liabilities $40,238,295
Net Assets $1,029,415,916
Other
Provided first-class or charter travel
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
S S Dankert (Assistant Sec Treas) $187,090 $0 $5,613
R G Gentzler (Treasurer) $87,700 $0 $0
M M King (Director) $17,200 $0 $0
S T Rizzi Jr (Secretary) $16,300 $0 $0
T J Dankert (Director) $16,200 $147,519 $31,655
R J Kramer (Director) $15,700 $0 $0
B B Rietz (Vice Chair) $14,800 $0 $0
A O Atewologun (Director) $12,700 $261,191 $52,798
D B Baker (Director) $12,700 $103,781 $5,980
G J Alvarado Guerrero (Director) $12,700 $83,266 $0
M S Lanke (Director) $12,700 $69,553 $0
J M Page (Director) $11,800 $176,814 $47,221
R R Pavek (Director) $11,800 $107,076 $58,698
N C Jandragholica (Director) $11,700 $0 $0
L J Pfeil (Director) $11,400 $0 $0
R R Clarke (Director) $9,900 $341,364 $52,520
M R Ciota (Director) $0 $795,919 $743,111
J L Strickler (Director) $0 $199,923 $23,478
J M Ettinger (Chair/Executive Director) $0 $0 $0
Jp Snee (Director) $0 $0 $0
S Y Salas Ramirez (Director) $0 $0 $0
J W Erichson (Director) $0 $0 $0
K L Linaker (Director) $0 $0 $0

Document Links

Fiscal Year Ending Nov.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$34,366,937
Expenses
$28,627,138
Net Income
$5,739,799
Net Assets
$1,503,247,113
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,800
0.0%
Program Services $0
Investment Income $32,946,666
95.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $589,955
1.7%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $828,516
2.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $424,093
1.5%
Professional Fundraising Fees $0
Other Salaries and Wages $79,889
0.3%
Assets/Debt
Total Assets $1,540,722,314
Total Liabilities $37,475,201
Net Assets $1,503,247,113
Other
Provided first-class or charter travel
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
S S Dankert (Assistant Sec Treas) $176,500 $0 $5,295
R G Gentzler (Treasurer) $85,950 $0 $0
S T Rizzi Jr (Secretary) $20,450 $0 $0
B B Rietz (Vice Chair) $18,450 $0 $0
M M King (Director) $18,200 $0 $0
T J Dankert (Director) $16,700 $139,346 $23,370
D B Baker (Director) $15,700 $97,460 $5,980
R J Kramer (Director) $15,700 $0 $0
A O Atewologun (Director) $15,200 $248,681 $50,066
R R Pavek (Director) $13,200 $131,489 $44,377
G J Alvarado Guerrero (Director) $13,200 $86,223 $0
C W Johnson (Director) $12,700 $0 $0
M S Lanke (Director) $12,300 $65,520 $0
R R Clarke (Director) $11,700 $309,748 $55,268
L J Pfeil (Director) $11,300 $0 $0
J M Page (Director) $4,950 $84,643 $23,417
M R Ciota (Director) $0 $796,656 $536,087
J L Strickler (Director) $0 $30,361 $22,944
J M Ettinger (Chair/Executive Director) $0 $0 $0
Jp Snee (Director) $0 $0 $0

Document Links

Fiscal Year Ending Nov.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$93,848,142
Expenses
$32,074,053
Net Income
$61,774,089
Net Assets
$1,344,088,700
Notable Sources of Revenue Percent of Total Revenue
Contributions $62,695,118
66.8%
Program Services $0
Investment Income $29,918,489
31.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $435,272
0.5%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $799,263
0.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $433,365
1.4%
Professional Fundraising Fees $0
Other Salaries and Wages $76,683
0.2%
Assets/Debt
Total Assets $1,383,157,373
Total Liabilities $39,068,673
Net Assets $1,344,088,700
Other
Provided first-class or charter travel
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
S S Dankert (Assistant Sec Treas) $168,000 $0 $5,040
A M Bode (Director Former) $120,650 $185,564 $30,806
R G Gentzler (Treasurer) $81,625 $0 $0
S T Rizzi Jr (Secretary) $21,325 $0 $0
B B Rietz (Vice Chair) $19,225 $0 $0
M M King (Director) $17,325 $0 $0
T J Dankert (Director) $15,900 $141,321 $23,361
R J Kramer (Director) $14,950 $0 $0
C W Johnson (Director) $13,275 $0 $0
D M Krenz (Director Part Year) $13,050 $176,975 $46,860
D B Baker (Director) $12,575 $86,520 $5,980
G J Alvarado Guerrero (Director) $12,575 $81,266 $2,498
M S Lanke (Director) $12,575 $63,083 $0
A O Atewologun (Director) $11,725 $244,873 $47,359
R R Pavek (Director) $11,625 $124,460 $46,653
L J Pfeil (Director) $11,350 $0 $0
R R Clarke (Director) $3,000 $123,407 $15,866
M R Ciota (Director) $0 $918,346 $175,308
J L Strickler (Director) $0 $32,991 $23,139
J M Ettinger (Chair/Executive Director) $0 $0 $0
Jp Snee (Director) $0 $0 $0
J M Page (Director) $0 $0 $0

Document Links

Fiscal Year Ending Nov.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$29,596,789
Expenses
$18,582,274
Net Income
$11,014,515
Net Assets
$1,431,709,466
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,820
0.0%
Program Services $0
Investment Income $28,122,766
95.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $861,547
2.9%
Net Fundraising $0
Sales of Assets -$156,078
Net Inventory Sales $0
Other Revenue $766,734
2.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $412,275
2.2%
Professional Fundraising Fees $0
Other Salaries and Wages $74,217
0.4%
Assets/Debt
Total Assets $1,460,095,517
Total Liabilities $28,386,051
Net Assets $1,431,709,466
Other
Provided first-class or charter travel
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
S S Dankert (Assistant Sec Treas) $160,500 $0 $4,815
A M Bode (Director) $112,250 $160,307 $26,589
Z Dong (Director) $80,150 $420,038 $47,902
R G Gentzler (Treasurer) $73,300 $0 $0
S T Rizzi Jr (Secretary) $18,000 $0 $0
M M King (Director) $17,800 $0 $0
T J Dankert (Director) $15,900 $111,754 $21,448
B B Rietz (Vice Chair) $15,900 $0 $0
L J Pfeil (Director) $15,900 $0 $0
C W Johnson (Director) $13,275 $0 $0
D M Krenz (Director) $13,050 $171,006 $46,347
D B Baker (Director) $13,050 $117,833 $13,050
R R Pavek (Director) $12,575 $122,047 $39,162
R J Kramer (Director) $12,300 $0 $0
A O Atewologun (Director) $12,200 $218,843 $42,984
G J Alvarado Guerrero (Director) $11,725 $67,964 $2,174
M S Lanke (Director) $6,000 $54,711 $0
M R Ciota (Director) $0 $891,756 $86,377
J L Strickler (Director) $0 $18,635 $15,579
J M Ettinger (Chair/Executive Director) $0 $0 $0
Jp Snee (Director) $0 $0 $0
R R Clarke (Director) $0 $0 $0

Document Links

Fiscal Year Ending Nov.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$76,811,912
Expenses
$21,094,632
Net Income
$55,717,280
Net Assets
$1,336,167,923
Notable Sources of Revenue Percent of Total Revenue
Contributions $50,167,777
65.3%
Program Services $0
Investment Income $25,371,743
33.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $556,128
0.7%
Net Fundraising $0
Sales of Assets -$177
Net Inventory Sales $0
Other Revenue $716,441
0.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $393,400
1.9%
Professional Fundraising Fees $0
Other Salaries and Wages $70,727
0.3%
Assets/Debt
Total Assets $1,367,471,084
Total Liabilities $31,303,161
Net Assets $1,336,167,923

Document Links

Fiscal Year Ending Nov.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$25,370,690
Expenses
$26,467,945
Net Income
-$1,097,255
Net Assets
$1,282,099,320
Notable Sources of Revenue Percent of Total Revenue
Contributions $8,798
0.0%
Program Services $0
Investment Income $22,140,635
87.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $2,460,233
9.7%
Net Fundraising $0
Sales of Assets $652
0.0%
Net Inventory Sales $0
Other Revenue $760,372
3.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $383,067
1.4%
Professional Fundraising Fees $0
Other Salaries and Wages $68,675
0.3%
Assets/Debt
Total Assets $1,334,608,656
Total Liabilities $52,509,336
Net Assets $1,282,099,320

Document Links

Fiscal Year Ending Nov.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$27,304,605
Expenses
$16,753,321
Net Income
$10,551,284
Net Assets
$1,043,393,915
Notable Sources of Revenue Percent of Total Revenue
Contributions $209,483
0.8%
Program Services $0
Investment Income $20,089,430
73.6%
Bond Proceeds $0
Royalties $0
Rental Property Income -$110,223
Net Fundraising $0
Sales of Assets $6,328,014
23.2%
Net Inventory Sales $0
Other Revenue $787,901
2.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $412,749
2.5%
Professional Fundraising Fees $0
Other Salaries and Wages $66,607
0.4%
Assets/Debt
Total Assets $1,089,311,204
Total Liabilities $45,917,289
Net Assets $1,043,393,915

No Document Links

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

Fiscal Year Ending Nov.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$21,715,069
Expenses
$39,489,938
Net Income
-$17,774,869
Net Assets
$971,018,416
Notable Sources of Revenue Percent of Total Revenue
Contributions $693,633
3.2%
Program Services $0
Investment Income $17,537,059
80.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $953,827
4.4%
Net Fundraising $0
Sales of Assets $1,591,496
7.3%
Net Inventory Sales $0
Other Revenue $939,054
4.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $407,963
1.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,017,274,067
Total Liabilities $46,255,651
Net Assets $971,018,416

Document Links

Fiscal Year Ending Nov.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$44,596,803
Expenses
$19,573,247
Net Income
$25,023,556
Net Assets
$1,078,404,735
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,477,256
5.6%
Program Services $0
Investment Income $15,533,606
34.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $930,991
2.1%
Net Fundraising $0
Sales of Assets $24,902,315
55.8%
Net Inventory Sales $0
Other Revenue $752,635
1.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $447,880
2.3%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,112,791,126
Total Liabilities $34,386,391
Net Assets $1,078,404,735

Document Links

Fiscal Year Ending Nov.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$18,816,823
Expenses
$25,109,482
Net Income
-$6,292,659
Net Assets
$773,186,713
Notable Sources of Revenue Percent of Total Revenue
Contributions $650,134
3.5%
Program Services $0
Investment Income $13,036,443
69.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $1,078,552
5.7%
Net Fundraising $0
Sales of Assets $3,289,130
17.5%
Net Inventory Sales $0
Other Revenue $762,564
4.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $362,614
1.4%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $820,324,598
Total Liabilities $47,137,885
Net Assets $773,186,713

Document Links

Fiscal Year Ending Nov.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$13,187,207
Expenses
$32,679,356
Net Income
-$19,492,149
Net Assets
$666,120,234
Notable Sources of Revenue Percent of Total Revenue
Contributions $60,274
0.5%
Program Services $0
Investment Income $10,917,027
82.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $875,132
6.6%
Net Fundraising $0
Sales of Assets $681,906
5.2%
Net Inventory Sales $0
Other Revenue $652,868
5.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $327,965
1.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $703,706,545
Total Liabilities $37,586,311
Net Assets $666,120,234

Document Links

Fiscal Year Ending Nov.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$57,871,541
Expenses
$9,514,313
Net Income
$48,357,228
Net Assets
$483,769,225
Notable Sources of Revenue Percent of Total Revenue
Contributions $45,049,802
77.8%
Program Services $0
Investment Income $11,054,542
19.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $956,719
1.7%
Net Fundraising $0
Sales of Assets $129,268
0.2%
Net Inventory Sales $0
Other Revenue $681,210
1.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $312,575
3.3%
Professional Fundraising Fees $0
Other Salaries and Wages $67
0.0%
Assets/Debt
Total Assets $499,633,921
Total Liabilities $15,864,696
Net Assets $483,769,225

Document Links

Fiscal Year Ending Nov.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,606,923
Expenses
$10,506,578
Net Income
-$899,655
Net Assets
$420,510,788
Notable Sources of Revenue Percent of Total Revenue
Contributions $16,868
0.2%
Program Services $0
Investment Income $7,297,097
76.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $478,345
5.0%
Net Fundraising $0
Sales of Assets $1,231,079
12.8%
Net Inventory Sales $0
Other Revenue $583,534
6.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $280,673
2.7%
Professional Fundraising Fees $0
Other Salaries and Wages $5,833
0.1%
Assets/Debt
Total Assets $442,369,518
Total Liabilities $21,858,730
Net Assets $420,510,788

Document Links

Fiscal Year Ending Nov.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Nov.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Nov.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Nov.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Nov.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Nov.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Nov.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Nov.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Nov.
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Nov.
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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