The Hormel Foundation
The Hormel Foundation
Austin, MN, US
•
501(c)(3)
•
EIN
41-0694716
•
•
Community Foundation
Regional Funder
The Hormel Foundation
Austin, MN, US
•
501(c)(3)
•
EIN
41-0694716
•
•
Community Foundation
Regional Funder
Balance Sheet
Fiscal Year Start:
Dec 1
Assets in 2024 (Year End)
$1,163,741,723
Investments
93%
Cash & Equivalents
5%
Property, Plant, & Equipment (net)
2%
Receivables (Non-Related)
<1%
Other Assets
<1%
Related-Party Receivables
0%
Inventories
0%
Prepaid Expenses
0%
Liabilities in 2024 (Year End)
$46,378,300
Grants Payable
>99%
Deferred Revenue
<1%
Payables & Accruals
<1%
Other Liabilities
<1%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$40,073,892
$55,885,666
+39%
Receivables (Non-Related)
$9,904,267
$8,753,416
-12%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
-
-
-
Investments
$998,941,357
$1,079,634,903
+8%
Property, Plant, & Equipment (net)
$20,734,686
$19,467,729
-6%
Other Assets
$9
$9
+0%
Total Assets
$1,069,654,211
$1,163,741,723
+9%
Liabilities
2023
2024
Change
Payables & Accruals
$50,634
$23,733
-53%
Grants Payable
$40,006,539
$46,282,297
+16%
Deferred Revenue
$165,852
$57,000
-66%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$15,270
$15,270
+0%
Total Liabilities
$40,238,295
$46,378,300
+15%
Net assets
2023
2024
Change
Restricted Net Assets
$34,484,199
$36,558,437
+6%
Unrestricted Net Assets
$994,931,717
$1,080,804,986
+9%
Net assets
2023
2024
Change
Net assets
+$1,029,415,916
+$1,117,363,423
+9%
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