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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Philanthropy, Voluntarism & Grantmaking The Hormel Foundation

The Hormel Foundation

Fiscal year ending 2024. Filed on March 17, 2025.

329 North Main Street Suite 102l
Austin, Minnesota 55912

The Hormel Foundation (EIN: 41-0694716) has filed an IRS Form 990 since fiscal year 2020. In its fiscal year 2024 IRS Form 990 filing, The Hormel Foundation, a 501(c)(3) charitable organization, reported compensation for 7 employees. Among the employees shown here, the average compensation is $313,388. The highest compensated employee at The Hormel Foundation is M R Ciota with fiscal year 2024 compensation of $844,111.

Revenue, expenses, and employee compensation

Revenue

$40,768,849

Expenses

$33,637,788

Employee compensation

$600,930
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

M R Ciota
Director
$844,111
$0 $810,891 $33,220
R R Clarke
Director
$419,913
$10,350 $354,023 $55,540
J M Page
Director
$245,479
$15,400 $180,275 $49,804
S S Dankert
Assistant Sec-Treas
$204,264
$198,315 No related comp$5,949
T J Dankert
Director
$200,600
$17,500 $151,168 $31,932
R R Pavek
Director
$184,451
$13,825 $120,234 $50,392
R G Gentzler
Treasurer
$94,900
$94,900 No related compNo other comp

Benchmark Employee Compensation

Non-Employee Board Members

D B Baker
Director
$135,458
$17,825 $109,762 $7,871
J L Strickler
Director
$135,224
$0 $113,498 $21,726
K L Linaker
Director
$127,131
$5,242 $100,483 $21,406
S Y Salas-Ramirez
Director
$95,508
$10,467 $85,041 No other comp
M S Lanke
Director
$87,704
$13,825 $72,649 $1,230
B B Rietz
Vice Chair
$39,675
$39,675 No related compNo other comp
S T Rizzi Jr
Secretary
$20,275
$20,275 No related compNo other comp
M M King
Director
$19,075
$19,075 No related compNo other comp
R J Kramer
Director
$16,450
$16,450 No related compNo other comp
N C Jandragholica
Director
$13,825
$13,825 No related compNo other comp
J W Erichson
Director
$7,650
$7,650 No related compNo other comp
J M Ettinger
Chair and Executive Director
No compensation reported

Mission Statement

Is operated for the benefit of, and to assist in performing the functions and in carrying out the purpose of the Supported Organizations.

Other organizations also named The Hormel Foundation

Thomas Dubois Hormel Foundation Inc.
Fort Lauderdale, Florida

Revisions to this organization profile

March 17, 2025:
2024 The Hormel Foundation 990 filed
February 26, 2024:
2023 The Hormel Foundation 990 filed
March 9, 2023:
2022 The Hormel Foundation 990 filed

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