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The Hormel Foundation

Public charity
DBA: % STEVEN T RIZZI JR
Foundations · AUSTIN, MN · EIN 41-0694716
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About

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

In care of Steven T Rizzi JR

Donations are tax-deductible
Category
Foundations
Employees
3
Volunteers
2

Financial Snapshot

FY ending 2024-11-30
Revenue
$40.8M
Expenses
$33.6M
Assets
$1.2B
Liabilities
$46.4M

Financial history

$40.8M$20.4M$0
222324
RevenueExpenses
Latest FY2024: $40.8M · Avg: $37.5M
THE HORMEL FOUNDATION
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Address

329 N Main ST STE 102L
Austin, MN, 55912-347

Governance

Voting board members19
Independent members6
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planNo
Compensation committeeYes
Used comp surveyYes
Board approved compYes
Initial contract exceptionNo
Public records
ProPublica Nonprofit Explorer ↗
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