THE HORMEL FOUNDATION
AUSTIN,
Minnesota,
55912
EIN: 41-0694716
Philanthropy, Voluntarism and Grantmaking Foundations
DEMOGRAPHIC
ADDRESS
329 N MAIN ST STE 102L
55912
COUNTY
mower county, MN
ORGANIZATIONAL OVERVIEW & RANKINGS
THE HORMEL FOUNDATION is a based in AUSTIN, MN, focused on Philanthropy, Voluntarism and Grantmaking Foundations causes , specifically Public Foundations. Established in April 1943, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $1,069,654,211.00, this ranks 1,278 among 2,656,690 nonprofits nationally (Top 1%), demonstrating exceptional financial capacity relative to its peers. At the state level, it stands at 37 out of 53,624 organizations in MN (Top 1%).
In mower county, MN, the organization ranks 1 out of 369 nonprofits by assets (Top 1%), while locally in austin, it stands at 1 among 271 organizations (Top 1%).
The organization reported annual revenue of $37,415,875.00, ranking 10,690 nationally (Top 1%) and 245 in MN (Top 1%).
Within its specific NTEE classification (T30 - T: Philanthropy, Voluntarism and Grantmaking Foundations), which includes 17,619 similar organizations, THE HORMEL FOUNDATION ranks 12 in assets (Top 1%) and 52 in revenue (Top 1%).
The organization files a 990 (all other) or 990EZ return and operates on a October fiscal year.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
Scientific research diseases
Contact or sponsored scientific research for industry
Other school related activities
NTEE COMMON CODE
T: Philanthropy, Voluntarism and Grantmaking Foundations
NTEE CODE
T30: Public Foundations
FOUNDATION CODE
17: Organizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above. 509(a)(3)
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
TAX PERIOD
11/2023
ACCOUNTING PERIOD
11
INCOME CODE
8: $10,000,000 to $49,999,999
INCOME AMOUNT
$38,961,619.00
FORM 990 REVENUE AMOUNT
$37,415,875.00
RULING DATE
04/1943
ASSET CODE
9: $50,000,000 to greater
ASSET AMOUNT
$1,069,654,211.00
FILING REQUIREMENT CODE
990 (all other) or 990EZ return
PF FILING REQUIREMENT CODE
No 990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
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