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The Hormel Foundation
The Hormel Foundation
Austin, MN, US
•
501(c)(3)
•
EIN
41-0694716
•
www.thehormelfoundation.com
•
Community Foundation
Regional Funder
The Hormel Foundation
Austin, MN, US
•
501(c)(3)
•
EIN
41-0694716
•
www.thehormelfoundation.com
•
Community Foundation
Regional Funder
Overview
Programs
990s
Income Statement
Balance Sheet
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Grants Received
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Income Statement
Fiscal Year Start:
Dec 1
Revenues in
2024
$40,768,849
Investments
92%
Other
6%
Contributions
1%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in
2024
$33,637,788
Grants
96%
Salaries & Benefits
2%
Other
<1%
Fees to Service Providers
<1%
Offices, Occupancy & IT
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$1,200
$463,471
+38523%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$35,950,591
$37,659,086
+5%
Other
$1,464,084
$2,646,292
+81%
Total Revenues
$37,415,875
$40,768,849
+9%
Expenses
2023
2024
Change
Grants
$28,364,605
$32,456,000
+14%
Benefits to Members
$0
$0
-
Salaries & Benefits
$582,221
$600,930
+3%
Fees to Service Providers
$214,414
$233,735
+9%
Advertising & Promotion
$629
$629
+0%
Offices, Occupancy & IT
$67,542
$91,292
+35%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$188,900
$255,202
+35%
Total Expenses
$29,418,311
$33,637,788
+14%
Net income
2023
2024
Change
Net income
+$7,997,564
+$7,131,061
-11%
Functional Expenses
Summary
2023
2024
Change
Program
$28,502,212
$32,693,479
+15%
Admin
$916,099
$944,309
+3%
Fundraising
$0
$0
-
Total Expenses
$29,418,311
$33,637,788
+14%
Income Statement
