The Hormel Foundation
Austin, MN · EIN 41-0694716 · Philanthropy and grantmaking · Rank 11,778 by total revenue
To serve as a charitable organization to benefit the Austin community and as a trustee to various family trusts.
Money, Form 990 for tax year 2024
- Total revenue
- $40,078,641
- Total expenses
- $37,931,759
- Total assets
- $911,683,026
- Salary base (all salaries and wages)
- $649,830
- Salaries, other pay and benefits
- $680,056
- Employees
- 3
- Salary base per employee
- $216,610
"Salary base" is Form 990 Part IX lines 5 to 7. "Employees" is everyone who got a W-2 that year, full or part time. Form 990-EZ and 990-PF report pay differently; see About the data.
Leadership (23)
| Name | Title | Role | Hours/week | Total pay |
|---|---|---|---|---|
| S S Dankert | Secretary/Treasurer | Officer | 40 | $214,477 |
| S T Rizzi Jr | Acting Chair | Board, Officer | 5 | $20,525 |
| J M Ettinger | Director/Prior Chair | Board, Officer | 5 | None reported |
| JN Sheehan | Acting Vice Chair | Board, Officer | 5 | None reported |
| R R Clarke | Director | Board | 1 | $435,425 |
| K L Linaker | Director | Board | 1 | $307,789 |
| J M Page | Director | Board | 1 | $256,631 |
| T J Dankert | Director | Board | 1 | $205,206 |
| R R Pavek | Director | Board | 1 | $194,146 |
| D B Baker | Director | Board | 1 | $141,084 |
| S Y Salas-Ramirez | Director | Board | 1 | $107,470 |
| M S Lanke | Director | Board | 1 | $105,038 |
| J A Woodard | Director | Board | 1 | $49,251 |
| R J Kramer | Director | Board | 1 | $15,500 |
| M M King | Director | Board | 1 | $14,350 |
| N C Jandragholica | Director | Board | 1 | $12,875 |
| J W Erichson | Director | Board | 1 | $12,250 |
| J P Snee | Director | Board | 1 | None reported |
| D S Aakre | Director | Board | 1 | None reported |
| J Hernandez | Director | Board | 1 | None reported |
| J E Poppe | Director | Board | 1 | None reported |
| T R Ruzek | Director | Board | 1 | None reported |
| P Varkey | Director | Board | 1 | None reported |
Top 10 paid people listed
These 10 people received $2,921,625, which is 449.6% of the $649,830 salary base shared by 3 employees.
| Name | Title | Role | Hours/week | From this org | From related orgs | Other pay | Total |
|---|---|---|---|---|---|---|---|
| M R Ciota | Director | Former | $10,200 | $828,600 | $115,559 | $954,359 | |
| R R Clarke | Director | Board | 1 | $10,350 | $366,459 | $58,616 | $435,425 |
| K L Linaker | Director | Board | 1 | $12,775 | $248,274 | $46,740 | $307,789 |
| J M Page | Director | Board | 1 | $14,975 | $191,506 | $50,150 | $256,631 |
| S S Dankert | Secretary/Treasurer | Officer | 40 | $208,230 | $0 | $6,247 | $214,477 |
| T J Dankert | Director | Board | 1 | $17,500 | $152,029 | $35,677 | $205,206 |
| R R Pavek | Director | Board | 1 | $13,825 | $146,671 | $33,650 | $194,146 |
| D B Baker | Director | Board | 1 | $19,275 | $115,829 | $5,980 | $141,084 |
| S Y Salas-Ramirez | Director | Board | 1 | $12,875 | $94,595 | $0 | $107,470 |
| M S Lanke | Director | Board | 1 | $13,825 | $88,724 | $2,489 | $105,038 |
Sources
- IRS e-file return 202640899349300214 (Form 990, period ending 2025-11-30): readable copy at ProPublica Nonprofit Explorer
- IRS Tax Exempt Organization Search for EIN 41-0694716
- Organization website (as filed): www.thehormelfoundation.com