HORMEL FOUNDATION
329 North Main Street Suite 102L, Austin, MN 55912 www.thehormelfoundation.com

Total Revenue
$29,596,789
Total Expenses
$18,582,274
Net Assets
$1,431,709,466

Organizations Filed Purposes: 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.

To provide grant funding and assistance to the Qualified 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.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
S S DankertAssistant Sec-Treas40$160,500
A M BodeDirector1$112,250
Z DongDirector0$80,150
R G GentzlerTreasurer20$73,300
S T Rizzi JrSecretary2$18,000
M M KingDirector1$17,800
L J PfeilDirector1$15,900
B B RietzVice Chair2$15,900
T J DankertDirector1$15,900
C W JohnsonDirector1$13,275
D B BakerDirector1$13,050
D M KrenzDirector1$13,050
R R PavekDirector1$12,575
R J KramerDirector1$12,300
A O AtewologunDirector1$12,200
G J Alvarado-GuerreroDirector1$11,725
M S LankeDirector1$6,000
R R ClarkeDirector1$0
Jp SneeDirector1$0
J M EttingerChair/Executive Director5$0
J L StricklerDirector1$0
M R CiotaDirector1$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202111029349300406_public.xml