Nonprofit · EIN 41-0694716
THE HORMEL FOUNDATION
Tax-exempt · AUSTIN, MN 55912
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| November 30, 2025 | 990 | $40,078,641 | $37,931,759 | $2,146,882 | $911,683,026 | $53,060,782 | $858,622,244 |
| November 30, 2024 | 990 | $40,768,849 | $33,637,788 | $7,131,061 | $1,163,741,723 | $46,378,300 | $1,117,363,423 |
| November 30, 2023 | 990 | $37,415,875 | $29,418,311 | $7,997,564 | $1,069,654,211 | $40,238,295 | $1,029,415,916 |
Financial details: 990 for the year ended November 30, 2025
Revenue
- Contributions, gifts and grants
- $1,200
- Program service revenue
- $0
- Investment income
- $38,527,374
- Net rental income
- $664,742
- Net gain from sales of assets
- -$20,099
- Other revenue
- $1,550,067
Expenses
- Grants and similar amounts paid
- $36,866,954
- Compensation of officers, directors and key employees
- $559,450
- Other salaries and wages
- $90,380
- Salaries, compensation and benefits (total)
- $680,056
- Professional fundraising fees
- $0
- Legal fees
- $54,121
- Accounting fees
- $36,662
- Occupancy
- $22,593
- Travel
- $1,652
- Program services (functional)
- $37,029,749
- Management and general (functional)
- $902,010
Balance sheet and other
- Total assets, start of year
- $1,163,741,723
- Total assets, end of year
- $911,683,026
- Total liabilities, end of year
- $53,060,782
- Net assets, end of year
- $858,622,244
- Land, buildings and equipment
- $18,187,196
- Publicly traded securities
- $126,997,383
- Net assets without donor restrictions
- $832,457,541
- Net assets with donor restrictions
- $26,164,703
- Gross unrelated business income
- -$4,522
- Gross receipts
- $41,620,035
- Employees
- 3
- Volunteers
- 2
- Year formed
- 1941
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended November 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| M R Ciota | Director Former | – | $10,200 | $828,600 | $115,559 |
| R R Clarke | Director Trustee or director | 1 | $10,350 | $366,459 | $58,616 |
| K L Linaker | Director Trustee or director | 1 | $12,775 | $248,274 | $46,740 |
| J M Page | Director Trustee or director | 1 | $14,975 | $191,506 | $50,150 |
| S S Dankert | Secretary/Treasurer Officer | 40 | $208,230 | $0 | $6,247 |
| T J Dankert | Director Trustee or director | 1 | $17,500 | $152,029 | $35,677 |
| R R Pavek | Director Trustee or director | 1 | $13,825 | $146,671 | $33,650 |
| D B Baker | Director Trustee or director | 1 | $19,275 | $115,829 | $5,980 |
| S Y Salas-Ramirez | Director Trustee or director | 1 | $12,875 | $94,595 | $0 |
| M S Lanke | Director Trustee or director | 1 | $13,825 | $88,724 | $2,489 |
| R G Gentzler | Treasurer Former | – | $78,817 | $0 | $0 |
| J A Woodard | Director Trustee or director | 1 | $0 | $27,505 | $21,746 |
| B B Rietz | Director Former | – | $46,917 | $0 | $0 |
| S T Rizzi Jr | Acting Chair Trustee or director, Officer | 5 | $20,525 | $0 | $0 |
| R J Kramer | Director Trustee or director | 1 | $15,500 | $0 | $0 |
11 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| M M King | Director Trustee or director | 1 | $14,350 |
| N C Jandragholica | Director Trustee or director | 1 | $12,875 |
| J W Erichson | Director Trustee or director | 1 | $12,250 |
| J M Ettinger | Director/Prior Chair Trustee or director, Officer | 5 | $0 |
| J P Snee | Director Trustee or director | 1 | $0 |
| D S Aakre | Director Trustee or director | 1 | $0 |
| J Hernandez | Director Trustee or director | 1 | $0 |
| J E Poppe | Director Trustee or director | 1 | $0 |
| T R Ruzek | Director Trustee or director | 1 | $0 |
| JN Sheehan | Acting Vice Chair Trustee or director, Officer | 5 | $0 |
| P Varkey | Director Trustee or director | 1 | $0 |
990 for the year ended November 30, 2024: 21 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| M R Ciota | Director Trustee or director | 1 | $0 | $810,891 | $33,220 |
| R R Clarke | Director Trustee or director | 1 | $10,350 | $354,023 | $55,540 |
| J M Page | Director Trustee or director | 1 | $15,400 | $180,275 | $49,804 |
| S S Dankert | Assistant Sec-Treas Officer | 40 | $198,315 | $0 | $5,949 |
| T J Dankert | Director Trustee or director | 1 | $17,500 | $151,168 | $31,932 |
| R R Pavek | Director Trustee or director | 1 | $13,825 | $120,234 | $50,392 |
| D B Baker | Director Trustee or director | 1 | $17,825 | $109,762 | $7,871 |
| J L Strickler | Director Trustee or director | 1 | $0 | $113,498 | $21,726 |
| K L Linaker | Director Trustee or director | 1 | $5,242 | $100,483 | $21,406 |
| S Y Salas-Ramirez | Director Trustee or director | 1 | $10,467 | $85,041 | $0 |
| R G Gentzler | Treasurer Trustee or director, Officer | 10 | $94,900 | $0 | $0 |
| M S Lanke | Director Trustee or director | 1 | $13,825 | $72,649 | $1,230 |
| B B Rietz | Vice Chair Trustee or director, Officer | 4 | $39,675 | $0 | $0 |
| S T Rizzi Jr | Secretary Trustee or director, Officer | 2 | $20,275 | $0 | $0 |
| M M King | Director Trustee or director | 1 | $19,075 | $0 | $0 |
| R J Kramer | Director Trustee or director | 1 | $16,450 | $0 | $0 |
| N C Jandragholica | Director Trustee or director | 1 | $13,825 | $0 | $0 |
| J W Erichson | Director Trustee or director | 1 | $7,650 | $0 | $0 |
| J A Woodard | Director Trustee or director | 1 | $0 | $0 | $0 |
| J M Ettinger | Chair/Executive Director Trustee or director, Officer | 5 | $0 | $0 | $0 |
| J P Snee | Director Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended November 30, 2023: 23 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| M R Ciota | Director Trustee or director | 1 | $0 | $795,919 | $743,111 |
| R R Clarke | Director Trustee or director | 1 | $9,900 | $341,364 | $52,520 |
| A O Atewologun | Director Trustee or director | 1 | $12,700 | $261,191 | $52,798 |
| J M Page | Director Trustee or director | 1 | $11,800 | $176,814 | $47,221 |
| J L Strickler | Director Trustee or director | 1 | $0 | $199,923 | $23,478 |
| T J Dankert | Director Trustee or director | 1 | $16,200 | $147,519 | $31,655 |
| S S Dankert | Assistant Sec-Treas Officer | 40 | $187,090 | $0 | $5,613 |
| R R Pavek | Director Trustee or director | 1 | $11,800 | $107,076 | $58,698 |
| D B Baker | Director Trustee or director | 1 | $12,700 | $103,781 | $5,980 |
| G J Alvarado-Guerrero | Director Trustee or director | 1 | $12,700 | $83,266 | $0 |
| R G Gentzler | Treasurer Trustee or director, Officer | 10 | $87,700 | $0 | $0 |
| M S Lanke | Director Trustee or director | 1 | $12,700 | $69,553 | $0 |
| M M King | Director Trustee or director | 1 | $17,200 | $0 | $0 |
| S T Rizzi Jr | Secretary Trustee or director, Officer | 2 | $16,300 | $0 | $0 |
| R J Kramer | Director Trustee or director | 1 | $15,700 | $0 | $0 |
| B B Rietz | Vice Chair Trustee or director, Officer | 2 | $14,800 | $0 | $0 |
| N C Jandragholica | Director Trustee or director | 1 | $11,700 | $0 | $0 |
| L J Pfeil | Director Trustee or director | 1 | $11,400 | $0 | $0 |
| J M Ettinger | Chair/Executive Director Trustee or director, Officer | 5 | $0 | $0 | $0 |
| JP Snee | Director Trustee or director | 1 | $0 | $0 | $0 |
| S Y Salas-Ramirez | Director Trustee or director | 1 | $0 | $0 | $0 |
| J W Erichson | Director Trustee or director | 1 | $0 | $0 | $0 |
| K L Linaker | Director Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 329 N MAIN ST STE 102L, AUSTIN, MN 55912-3478
- In care of
- % STEVEN T RIZZI JR
- Principal officer (990 for 2024)
- Steven T Rizzi JR, 329 N Main Street STE 102L, Austin, MN 55912
- Signed the 990
- Sheri S Dankert, Treasurer
- Phone
- (507) 437-9800
- Website
- www.thehormelfoundation.com
- Return prepared by
- CliftonLarsonAllen LLP
Mission
Is operated for the benefit of, and to assist in performing the functions and in carrying out the purpose of the Supported Organizations.
Program accomplishments
- 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.Expenses $37,029,749
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in November, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2024 | November 30, 2025 | April 15, 2026 | 990 on file |
| 2023 | November 30, 2024 | April 15, 2025 | 990 on file |
| 2022 | November 30, 2023 | April 15, 2024 | 990 on file |
IRS record
- EIN
- 41-0694716
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1943
- Accounting year ends
- November
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $911,683,026
- Income (IRS master file)
- $41,620,035
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | November 2025 | $40,078,641 | $37,931,759 | $911,683,026 | XML |
| 990 | November 2024 | $40,768,849 | $33,637,788 | $1,163,741,723 | XML |
| 990 | November 2023 | $37,415,875 | $29,418,311 | $1,069,654,211 | XML |
| 990 | November 2022 | $34,366,937 | $28,627,138 | $1,540,722,314 | IRS |
| 990 | November 2021 | – | – | – | IRS |
| 990 | November 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-0694716).
Questions about THE HORMEL FOUNDATION
- What is the EIN of THE HORMEL FOUNDATION?
- The employer identification number (EIN) of THE HORMEL FOUNDATION is 41-0694716.
- Is THE HORMEL FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1943.
- Are donations to THE HORMEL FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does THE HORMEL FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of THE HORMEL FOUNDATION due?
- The return for tax year 2025 (the year ending November 30, 2026) is due April 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE HORMEL FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended November 2025.
- Who is the principal officer of THE HORMEL FOUNDATION?
- The 990 for the year ended November 30, 2025 names Steven T Rizzi JR.
- Who are the officers and directors of THE HORMEL FOUNDATION?
- The 990 for the year ended November 30, 2025 lists 26 people; 17 received compensation from the organization, the highest $10,200 (M R Ciota, Director).
- How much revenue does THE HORMEL FOUNDATION have?
- On its 990 for the year ended November 30, 2025 it reported revenue of $40,078,641, expenses of $37,931,759 and total assets of $911,683,026 at year end.
Other nonprofits in AUSTIN
- UNITED WAY OF MOWER COUNTY INC EIN 41-0831896 · last filed 990 for 2025
- HORMEL FOODS CORPORATION CHARTIBLE TR EIN 01-0761416 · last filed 990-PF for 2025
- AUSTIN AREA FOUNDATION EIN 58-2671449 · last filed 990 for 2024
- AUSTIN AREA COMMISSION FOR THE ARTS INC EIN 41-1650727 · last filed 990 for 2024
- COOPERATIVE RESPONSE CENTER FOUNDATION EIN 93-2520062 · last filed 990-PF for 2025
- MENTAL HEALTH AWARENESS BENEFIT EIN 33-2071806 · last filed 990-N for 2025
- WITH ELLA EIN 99-2112343 · last filed 990-N for 2025
- ADELIA DUNDAS FOUNDATION INC EIN 93-3537507 · last filed 990-N for 2025
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