Overview
What is The Hormel Foundation?
The Hormel Foundation is a charitable organization based in Austin, Minnesota. It primarily functions as a grant provider to local Qualified Organizations, with the Hormel Institute, a renowned cancer research center, being its major recipient, as per a 1942 agreement. Education is the second significant area of investment for the Foundation, with contributions directed towards Austin Public Schools and Riverland Community College. The Foundation's mission is to benefit the Austin community and act as a trustee for various family trusts. With a modest team of two employees, it continues to serve its purpose.
Official website here: www.thehormelfoundation.com
Is The Hormel Foundation legitimate?
The Hormel Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Hormel Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $424,093
Professional Fundraising Fees: $0
Other Salaries and Wages: $79,889
For more financial information, click here
Official website here: www.thehormelfoundation.com
What is the mission statement of The Hormel Foundation?
The Hormel Foundation functions as a charitable organization, serving to benefit designated organizations and acting as a trustee to various family trusts. Its primary role is to offer grant funding and assistance to these Qualified Organizations, with a world-renowned cancer research center and local education institutions being the major recipients. The foundation's mission is geared towards enhancing the capabilities of these organizations and contributing to their purpose. Through its annual contributions, The Hormel Foundation significantly impacts the chosen organizations and the communities they serve.
Official website here: www.thehormelfoundation.com
Who is the CEO of The Hormel Foundation?
R G Gentzler is the Treasurer of The Hormel Foundation.
Official website here: www.thehormelfoundation.com
What is the revenue of The Hormel Foundation?
The Hormel Foundation's revenue in 2022 was $34,366,937.
Official website here: www.thehormelfoundation.com
Who are the executives of The Hormel Foundation and what are their salaries?
The average compensation at The Hormel Foundation during 2022 was $251,991. There are 2 employees and 2 volunteers at The Hormel Foundation.
Here are 20 key members and their salaries:
- M R Ciota (Director)
- R R Clarke (Director)
- A O Atewologun (Director)
- R R Pavek (Director)
- S S Dankert (Assistant Sec-Treas)
- T J Dankert (Director)
- D B Baker (Director)
- J M Page (Director)
- G J Alvarado-Guerrero (Director)
- R G Gentzler (Treasurer) [Trustee/Director]
- M S Lanke (Director)
- J L Strickler (Director)
- S T Rizzi Jr (Secretary) [Trustee/Director]
- B B Rietz (Vice Chair) [Trustee/Director]
- M M King (Director)
- R J Kramer (Director)
- C W Johnson (Director)
- L J Pfeil (Director)
- J M Ettinger (Chair/Executive Director)
- Jp Snee (Director)
Official website here: www.thehormelfoundation.com
Where can I find the form 990 for The Hormel Foundation?
The The Hormel Foundation’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.thehormelfoundation.com
Learn more at the official website: www.thehormelfoundation.com
Mission Statement of The Hormel Foundation
The Hormel Foundation, a charitable organization based in Minnesota, operates with the primary objective of serving the Austin community and acting as a trustee to various family trusts. Its mission is geared towards providing grant funding and assistance to a select group of Qualified Organizations in the Austin area.
One of the most significant beneficiaries of The Hormel Foundation's generosity is The Hormel Institute, a globally recognized cancer research center. This partnership was established through a 1942 agreement between The Hormel Foundation and the University of Minnesota's Board of Regents. Over the years, the foundation has made substantial contributions to the institute to further its research endeavors.
Besides supporting cancer research, education has become another major area of focus for The Hormel Foundation. They extend their philanthropy to Austin Public Schools and Riverland Community College, significantly contributing to their financial needs. These educational institutions benefit greatly from the foundation's support, enabling them to provide quality education to their students.
Through its various grant programs, The Hormel Foundation plays a pivotal role in strengthening the community by empowering its key institutions to thrive and make a positive impact.
Impact
This information is meant to be a general summary of The Hormel Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
The Hormel Foundation's impact is significant in benefitting the Austin community through its charitable activities. It provides grant funding and assistance to Qualified Organizations in the Austin, MN area, with a particular focus on supporting the renowned cancer research center, The Hormel Institute. Additionally, the Foundation contributes to education in the community by supporting Austin Public Schools and Riverland Community College. This philanthropic work reflects the Foundation's commitment to improving the well-being and opportunities for the people of Austin.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Organization Details
Founding Year
1941
Phone
(507) 437-9800
Principal Officer
R G Gentzler
Main Address
329 North Main Street Suite 102L, Austin, MN, 559123478
Website
www.thehormelfoundation.com
NTEE Category
Code: T30 - Philanthropy
If you are a representative of The Hormel Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.