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Hut Foundation

Organization summary

Organization summary might be incomplete or out of date

This organization is not listed in the IRS's most recent list of tax exempt organizations, but we have data associated with this Employer Identification Number.

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 / Private Grantmaking Foundations (NTEE)

Summary charts: organization finances over time

Revenue
$304k (2020)

Expenses
$1.28M (2020)

Total Assets
$0 (2020)

Total Liabilities
$0 (2020)

Source: Form 990 tax filings from 2011 to 2020

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 Oct.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$303,830
Expenses
$1,279,633
Net Income
-$975,803
Net Assets
$0
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $4,500
1.5%
Interest Revenue $62
0.0%
Dividends $17,647
5.8%
Sales of Assets $281,621
92.7%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,254,221
98.0%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $0
Total Liabilities $0
Net Assets $0
Compensation
Key Employees and Officers Compensation Other
Alison Webb (President) $0 $0
Elizabeth Hormel (Director) $0 $0
Anne C Hormel (Director) $0 $0
Thomas Everett (Treasurer) $0 $0
James C Hormel Jr (Director) $0 $0
Aven Hormel Kinley (Secretary) $0 $0
Bernie Webb (Director) $0 $0

Document Links

Fiscal Year Ending Oct.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$59,936
Expenses
$78,122
Net Income
-$18,186
Net Assets
$975,803
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $2,500
4.2%
Interest Revenue $306
0.5%
Dividends $23,791
39.7%
Sales of Assets $33,339
55.6%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $70,500
90.2%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $975,803
Total Liabilities $0
Net Assets $975,803
Compensation
Key Employees and Officers Compensation Other
Alison Webb (President) $0 $0
Elizabeth Hormel (Director) $0 $0
Anne C Hormel (Director) $0 $0
Thomas Everett (Treasurer) $0 $0
James C Hormel Jr (Treasurer) $0 $0
Aven Hormel Kinley (Secretary) $0 $0

Document Links

Fiscal Year Ending Oct.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$97,989
Expenses
$80,497
Net Income
$17,492
Net Assets
$993,989
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $3,500
3.6%
Interest Revenue $152
0.2%
Dividends $24,007
24.5%
Sales of Assets $70,330
71.8%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $70,500
87.6%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $993,989
Total Liabilities $0
Net Assets $993,989
Compensation
Key Employees and Officers Compensation Other
James C Hormel Jr (Secretary / Treasurer) $0 $0
Heather N Hormel (Director) $0 $0
Bernard C Webb (President) $0 $0

Document Links

Fiscal Year Ending Oct.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$110,779
Expenses
$79,981
Net Income
$30,798
Net Assets
$976,497
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $4,000
3.6%
Interest Revenue $64
0.1%
Dividends $16,655
15.0%
Sales of Assets $87,640
79.1%
Other Income $2,420
2.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $70,000
87.5%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $976,497
Total Liabilities $0
Net Assets $976,497
Compensation
Key Employees and Officers Compensation Other
James C Hormel Jr (Secretary/Treas) $0 $0
Heather N Hormel (Director) $0 $0
Bernard C Webb (President) $0 $0

Document Links

Fiscal Year Ending Oct.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$59,556
Expenses
$87,093
Net Income
-$27,537
Net Assets
$945,699
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $3,500
5.9%
Interest Revenue $14
0.0%
Dividends $18,100
30.4%
Sales of Assets $37,942
63.7%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $75,400
86.6%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $945,699
Total Liabilities $0
Net Assets $945,699
Compensation
Key Employees and Officers Compensation Other
James C Hormel Jr (Secretary/Treas) $0 $0
Heather N Hormel (Director) $0 $0
Bernard C Webb (President) $0 $0

Document Links

Fiscal Year Ending Oct.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$171,032
Expenses
$76,492
Net Income
$94,540
Net Assets
$973,236
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $3,500
2.0%
Interest Revenue $13
0.0%
Dividends $15,456
9.0%
Sales of Assets $152,063
88.9%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $60,400
79.0%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $973,614
Total Liabilities $378
Net Assets $973,236
Compensation
Key Employees and Officers Compensation Other
James C Hormel Jr (Secretary/Treas) $0 $0
Heather N Hormel (Director) $0 $0
Bernard C Webb (President) $0 $0

Document Links

Fiscal Year Ending Oct.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$146,926
Expenses
$60,623
Net Income
$86,303
Net Assets
$878,696
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $4,500
3.1%
Interest Revenue $10
0.0%
Dividends $20,016
13.6%
Sales of Assets $122,400
83.3%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $46,000
75.9%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $878,982
Total Liabilities $286
Net Assets $878,696

Document Links

Fiscal Year Ending Oct.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$123,246
Expenses
$83,622
Net Income
$39,624
Net Assets
$792,393
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $4,000
3.2%
Interest Revenue $15
0.0%
Dividends $16,783
13.6%
Sales of Assets $102,448
83.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $69,500
83.1%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $792,393
Total Liabilities $0
Net Assets $792,393

Document Links

Fiscal Year Ending Oct.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$104,894
Expenses
$69,239
Net Income
$35,655
Net Assets
$752,769
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $3,000
2.9%
Interest Revenue $18
0.0%
Dividends $13,451
12.8%
Sales of Assets $88,425
84.3%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $56,000
80.9%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $752,807
Total Liabilities $38
Net Assets $752,769

Document Links

Fiscal Year Ending Oct.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$94,263
Expenses
$78,557
Net Income
$15,706
Net Assets
$717,114
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $3,000
3.2%
Interest Revenue $26
0.0%
Dividends $14,537
15.4%
Sales of Assets $76,700
81.4%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $65,400
83.3%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $718,192
Total Liabilities $1,078
Net Assets $717,114

Document Links

Fiscal Year Ending Oct.
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 Oct.
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 Oct.
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 Oct.
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 Oct.
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 Oct.
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 Oct.
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 Oct.
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 Oct.
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 Oct.
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

What Is 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 »

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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.
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  • 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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