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EIN 41-0694716

The Hormel Foundation

IRS 501(c) type
501(c)(3)
Num. employees
2
City
Austin
State
Minnesota
Year formed
1941
Most recent tax filings
2023-11-01
NTEE code, primary
T30: Public Foundations
Description
Is operated for the benefit of, and to assist in performing the functions and in carrying out the purpose of the Qualified Organizations. To serve as a charitable organization to benefit the Austin community and as a trustee to various family trusts.
Related structure
The Hormel Foundation is a subordinate organization under Mayo Clinic Health System-Albert Lea and Austin.
Total revenues
$37,415,875
2023
20192020202120222023$20m$60m$0.1b
Total expenses
$29,418,311
2023
20192020202120222023$10m$30m
Total assets
$1,069,654,211
2023
20192020202120222023$1b$1.4b
Num. employees
2
2023
20192020202120222023012

Program areas at The Hormel Foundation

To provide grant funding and assistance to the supported organizations in the Austin, MN area. The Hormel Institute, a world-renowned cancer research center, is the principal recipient of The Hormel Foundations yearly contributions, as established by a 1942 agreement between the Board of Regents of the University of Minnesota and The Hormel Foundation. Education has become the second largest beneficiary of the Foundation through its contributions to Austin Public Schools as well as Riverland Community College.

Grants made by The Hormel Foundation

GranteeGrant descriptionAmount
United Way of Mower CountySupport of Various Tax-Exempt Programs$1,045,355
Parenting Resource CenterCommunity Programs$318,872
Austin Community Charitable FundCommunity Projects$311,988
...and 7 more grants made

Who funds The Hormel Foundation

Grants from foundations and other nonprofits
GrantmakerAmount
Blooming Prairie Cancer Group$100,000

Personnel at The Hormel Foundation

NameTitleCompensation
J M EttingerChair and Executive Director$0
R G GentzlerPast Treasurer$87,700
S S DankertAssistant Secretary - Treasurer$187,090

Financials for The Hormel Foundation

RevenuesFYE 11/2023
Total grants, contributions, etc.$1,200
Program services$0
Investment income and dividends$35,950,591
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$631,628
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$832,456
Total revenues$37,415,875

Form 990s for The Hormel Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-112024-02-26990View PDF
2022-112023-03-09990View PDF
2021-112022-04-11990View PDF
2020-112021-04-21990View PDF
2019-112021-04-19990View PDF
...and 10 more Form 990s

Organizations like The Hormel Foundation

OrganizationLocationRevenue
Abington Health FoundationPhiladelphia, PA$38,747,170
Centracare Health FoundationSaint Cloud, MN$11,665,508
Lankenau Medical Center FoundationWynnewood, PA$12,576,070
Telescope FundWashington, DC$69,446,551
John Muir Health FoundationWalnut Creek, CA$34,657,013
St Joseph Healthcare FoundationBangor, ME$13,921,850
Providence Portland Medical FoundationPortland, OR$31,116,107
Marshfield Clinic Health System FoundationMarshfield, WI$21,005,915
Vail Health FoundationVail, CO$29,911,578
Orlando Health FoundationOrlando, FL$33,936,893
Data update history
September 25, 2024
Updated personnel
Identified 6 new personnel
July 15, 2024
Received grants
Identified 1 new grant, including a grant for $100,000 from Blooming Prairie Cancer Group
May 25, 2024
Posted financials
Added Form 990 for fiscal year 2023
May 21, 2024
Updated personnel
Identified 4 new personnel
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Grantmaking organizationsCorporate foundationsChapter / child organizationsCharities
Issues
No issues found
Characteristics
Provides grantsState / local levelTax deductible donationsAccepts online donations
General information
Address
329 N Main St Suite 102l
Austin, MN 55912
County
Mower County, MN
Website URL
thehormelfoundation.com 
Phone
(507) 437-9800
IRS details
EIN
41-0694716
Fiscal year end
November
Taxreturn type
Form 990
Year formed
1941
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T30: Public Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Subordinate organization
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