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The Hormel Foundation
Community Development · Austin, Minnesota
329 N Main St Ste 102L, Austin, MN 55912-3478
EIN: 410694716· Founded: Apr 1943· 83 years active· Filing Year: 2023
Annual Revenue
$37.4M
Total Expenses
$29.4M
Total Assets
$1.1B
Program Spending
0%
of expenses go to programs
Compensation & Payroll
Total Officer Compensation
$473K
1.6% of total expenses
All officers, directors, and key employees combined
Other Salaries & Wages
$84K
Total Payroll
$557K
2% of total expenses
Where the Money Goes
0%
Programs: 0%
Payroll: 2%
Other overhead: 100%
0
Total Expenses$29.4M (79%)
Payroll$557K (2%)
Overhead (non-program)100%
Trust Score Breakdown
Program Spending Ratio
0% of expenses go to programs
Revenue & Stability
$37.4M annual revenue
Executive Compensation
$473K total officer comp (1.6% of expenses)
Filing Recency
Most recent filing: 2023
Asset Strength
$1.1B in assets
Data from IRS Form 990 filing (2023). Trust scores are calculated from public financial data and do not constitute endorsement or investment advice.