The Hormel Foundation is a charitable organization in Austin, Minnesota. Its tax id (EIN) is 41-0694716. It was granted tax-exempt status by IRS in April, 1943. For detailed information such as income and other financial data of The Hormel Foundation, refer to the following table.
| Organization Name | The Hormel Foundation |
|---|---|
| Tax Id (EIN) | 41-0694716 |
| Address | 329 N Main St Ste 102l, Austin, MN 55912-3478 |
| All tax-exempt organizations in zip code 55912 | |
| Tax Period | Asset | Income | Revenue |
|---|---|---|---|
| November, 2013 | $703,706,545 | $28,103,259 | $13,187,207 |
| November, 2015 | $1,112,791,126 | $67,181,739 | $44,596,803 |
| November, 2016 | $1,017,274,067 | $55,037,988 | $21,715,069 |
| November, 2017 | $1,089,311,204 | $92,204,590 | $27,304,605 |
| November, 2018 | $1,334,608,656 | $27,070,273 | $25,370,690 |
| November, 2019 | $1,367,471,084 | $78,519,711 | $76,811,912 |
| November, 2020 | $1,460,095,517 | $31,722,695 | $29,596,789 |
| November, 2021 | $1,383,157,373 | $95,540,433 | $93,848,142 |
| November, 2022 | $1,540,722,314 | $35,963,440 | $34,366,937 |
| November, 2023 | $1,069,654,211 | $38,961,619 | $37,415,875 |
| November, 2024 | $1,163,741,723 | $43,204,378 | $40,768,849 |
| IRS Exempt Status Ruling Date | April, 1943 |
|---|---|
| Exempt Status | Unconditional Exemption |
| Deductibility | Contributions are deductible |
| Tax Exempt Classification | Philanthropy, Voluntarism and Grantmaking Foundations |
| Tax Exempt Activity | Public Foundations |
| NTEE Code | T30 |
| Organization's purposes, activities, & operations |
Scientific research (diseases)
(note: this activity classification has been replaced by the Tax Exempt Classification shown above since 1995.) |
| Foundation Type | Organizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above. 509(a)(3) |
| Organization Type | Corporation |
| Organization Classification | Charitable Organization |
| Affiliation | Independent - This organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations). |
| Primary Return(s) Required to File | 990 (all other) or 990EZ return |
| Private Foundation Filing Requirement | No need to 990-PF return |
| Asset Range Reported on Form 990 | $50,000,000 to greater |
| Income Range Reported on Form 990 | $10,000,000 to 49,999,999 |
| Accounting Period | 11 |