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Nonprofiteer
← THE HORMEL FOUNDATION

Form 990 for tax year 2024

Filed by THE HORMEL FOUNDATION.

Totals

Total revenue
$40,078,641
Total expenses
$37,931,759
Contributions and grants received
$1,200
Grants paid
$36,866,954
Program service revenue
not reported
Investment income
not reported
Other revenue
not reported
Total assets, end of year
not reported
Total liabilities, end of year
not reported
Net assets or fund balances, end of year
not reported
Program services expenses (Part IX)
$37,029,749
Management and general expenses
$902,010
Fundraising expenses
$0
Program service expenses (Part III)
$37,029,749

Program services were 97.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • M R Ciota

    Director

    Total calculated
    $954,359
    From this org
    $10,200
    From related orgs
    $828,600
    Other
    $115,559

    Schedule J breakdown matched by us

    Base
    $10,200 + $828,600 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $85,587 related
    Nontaxable benefits
    not reported + $29,972 related
    Filer's total
    $10,200 + $944,159 related

  • R R Clarke

    Director

    Total calculated
    $435,425
    From this org
    $10,350
    From related orgs
    $366,459
    Other
    $58,616
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $10,350 + $366,459 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported + $58,616 related
    Filer's total
    $10,350 + $425,075 related

  • K L Linaker

    Director

    Total calculated
    $307,789
    From this org
    $12,775
    From related orgs
    $248,274
    Other
    $46,740
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $12,775 + $248,274 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $18,115 related
    Nontaxable benefits
    not reported + $28,625 related
    Filer's total
    $12,775 + $295,014 related

  • J M Page

    Director

    Total calculated
    $256,631
    From this org
    $14,975
    From related orgs
    $191,506
    Other
    $50,150
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $14,975 + $191,506 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $22,191 related
    Nontaxable benefits
    not reported + $30,959 related
    Filer's total
    $14,975 + $244,656 related

  • S S Dankert

    Secretary/Treasurer

    Total calculated
    $214,477
    From this org
    $208,230
    From related orgs
    $0
    Other
    $6,247
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $208,230
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $6,247
    Filer's total
    $214,477

  • T J Dankert

    Director

    Total calculated
    $205,206
    From this org
    $17,500
    From related orgs
    $152,029
    Other
    $35,677
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $17,500 + $152,029 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported + $35,677 related
    Filer's total
    $17,500 + $187,706 related

  • R R Pavek

    Director

    Total calculated
    $194,146
    From this org
    $13,825
    From related orgs
    $146,671
    Other
    $33,650
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $13,825 + $142,171 related
    Bonus
    not reported + $600 related
    Other
    not reported + $3,900 related
    Deferred
    not reported + $25,015 related
    Nontaxable benefits
    not reported + $8,635 related
    Filer's total
    $13,825 + $180,321 related

  • D B Baker

    Director

    Total calculated
    $141,084
    From this org
    $19,275
    From related orgs
    $115,829
    Other
    $5,980
    Hours/week
    1

  • S Y Salas-Ramirez

    Director

    Total calculated
    $107,470
    From this org
    $12,875
    From related orgs
    $94,595
    Other
    $0
    Hours/week
    1 + 40 related

  • M S Lanke

    Director

    Total calculated
    $105,038
    From this org
    $13,825
    From related orgs
    $88,724
    Other
    $2,489
    Hours/week
    1 + 40 related

  • R G Gentzler

    Treasurer

    Total calculated
    $78,817
    From this org
    $78,817
    From related orgs
    $0
    Other
    $0

    Schedule J breakdown matched by us

    Base
    $78,817
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $78,817

  • J A Woodard

    Director

    Total calculated
    $49,251
    From this org
    $0
    From related orgs
    $27,505
    Other
    $21,746
    Hours/week
    1

  • B B Rietz

    Director

    Total calculated
    $46,917
    From this org
    $46,917
    From related orgs
    $0
    Other
    $0

    Schedule J breakdown matched by us

    Base
    $46,917
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $46,917

  • S T Rizzi Jr

    Acting Chair

    Total calculated
    $20,525
    From this org
    $20,525
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • R J Kramer

    Director

    Total calculated
    $15,500
    From this org
    $15,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • M M King

    Director

    Total calculated
    $14,350
    From this org
    $14,350
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • N C Jandragholica

    Director

    Total calculated
    $12,875
    From this org
    $12,875
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • J W Erichson

    Director

    Total calculated
    $12,250
    From this org
    $12,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • J M Ettinger

    Director/Prior Chair

    Total calculated
    $0
    Hours/week
    5

  • J P Snee

    Director

    Total calculated
    $0
    Hours/week
    1

  • D S Aakre

    Director

    Total calculated
    $0
    Hours/week
    1

  • J Hernandez

    Director

    Total calculated
    $0
    Hours/week
    1

  • J E Poppe

    Director

    Total calculated
    $0
    Hours/week
    1

  • T R Ruzek

    Director

    Total calculated
    $0
    Hours/week
    1

  • JN Sheehan

    Acting Vice Chair

    Total calculated
    $0
    Hours/week
    5

  • P Varkey

    Director

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
30 March 2026
IRS schema version
2024v5.2
Source object
202640899349300214

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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