2024-02-26T08:14:41-00:00 2023-11-30 410746749 CliftonLarsonAllen LLP 2689 Commerce Drive NW Suite 201 Rochester MN 55901 990 2022-12-01 410694716 The Hormel Foundation HORM 5074379800 329 North Main Street Suite 102L Austin MN 559123478 Roland G Gentzler Treasurer 5074379800 2024-02-26 true Roland Gentzler 999009999 true Katherine Lutzke P01760889 5072802300 2024-02-26 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Bonnie B Rietz 329 N Main Street Austin MN 55912 38961619 false X www.thehormelfoundation.com X 1941 MN To serve as a charitable organization to benefit the Austin community and as a trustee to various family trusts. 18 8 2 2 0 1800 1200 0 32946666 35950591 1418471 1464084 34366937 37415875 27651474 28364605 0 527648 582221 0 0 448016 471485 28627138 29418311 5739799 7997564 1540722314 1069654211 37475201 40238295 1503247113 1029415916 Is operated for the benefit of, and to assist in performing the functions and in carrying out the purpose of the Supported Organizations. false false 28502212 To provide grant funding and assistance to the supported organizations in the Austin, MN area. The Hormel Institute, a world-renowned cancer research center, is the principal recipient of The Hormel Foundations yearly contributions, as established by a 1942 agreement between the Board of Regents of the University of Minnesota and The Hormel Foundation. Education has become the second largest beneficiary of the Foundation through its contributions to Austin Public Schools as well as Riverland Community College. 28502212 true false false false false false false false false false true true false false true true false true false false false false false false false false false true false true false false false false false true false true false false false false true true false false false true 31 0 2 true false false false false false false false false false false false false X 18 8 true false false false false false false true true false false true true true true true true true true false MN X Sheri S Dankert 5074379800 329 North Main Street Suite 102L Austin MN 559123478 X M R Ciota Director 001.00 040.00 X 0 795919 743111 R R Clarke Director 001.00 040.00 X 9900 341364 52520 A O Atewologun Director 001.00 040.00 X 12700 261191 52798 J M Page Director 001.00 040.00 X 11800 176814 47221 J L Strickler Director 001.00 040.00 X 0 199923 23478 T J Dankert Director 001.00 040.00 X 16200 147519 31655 S S Dankert Assistant Sec-Treas 040.00 X 187090 0 5613 R R Pavek Director 001.00 040.00 X 11800 107076 58698 D B Baker Director 001.00 040.00 X 12700 103781 5980 G J Alvarado-Guerrero Director 001.00 040.00 X 12700 83266 0 R G Gentzler Treasurer 010.00 X X 87700 0 0 M S Lanke Director 001.00 040.00 X 12700 69553 0 M M King Director 001.00 X 17200 0 0 S T Rizzi Jr Secretary 002.00 X X 16300 0 0 R J Kramer Director 001.00 X 15700 0 0 B B Rietz Vice Chair 002.00 X X 14800 0 0 N C Jandragholica Director 001.00 X 11700 0 0 L J Pfeil Director 001.00 X 11400 0 0 J M Ettinger Chair/Executive Director 005.00 X X 0 0 0 JP Snee Director 001.00 X 0 0 0 S Y Salas-Ramirez Director 001.00 X 0 0 0 J W Erichson Director 001.00 X 0 0 0 K L Linaker Director 001.00 040.00 X 0 0 0 462390 2286406 1021074 9 false true false 1200 1200 35950591 35950591 2177372 1545744 631628 631628 631628 Reimburse Admin Expenses from Family Trusts 561000 831524 831524 Miscellaneous revenue 561000 932 932 832456 37415875 37414675 28364605 28364605 0 0 0 472517 46221 426296 0 84217 20212 64005 2527 535 1992 3723 670 3053 19237 2884 16353 102694 12994 89700 37766 37766 33910 33910 0 350 350 39694 27555 12139 629 629 19406 541 18865 22671 10043 12628 0 25465 4584 20881 3126 3126 0 2138 2138 0 0 0 167963 1930 166033 Real Estate taxes 7238 7238 Distributions to Special Trusts 2200 2200 Dues and subscriptions 3058 3058 Bank Fees 3177 3177 0 29418311 28502212 916099 0 94021 74525 29369362 39999367 1375000 1375000 8299298 8529267 39856955 19122269 22042522 20734686 73780586 83996574 1405761516 914944783 9 9 1540722314 1069654211 44243 50634 37253500 40006539 162188 165852 15270 15270 37475201 40238295 X 1450263872 994931717 52983241 34484199 1503247113 1029415916 1540722314 1069654211 7997564 -481828761 X false true X true false X X X 15 University of Minnesota - The Hormel Institute 416007513 2 true 16866540 0 Austin Area Foundation 582671449 7 true 19968 0 Austin Community Scholarship Committee 416020807 7 true 25000 0 Mayo Clinic Health Systems - Austin 410695606 3 true 135201 0 Austin Public Schools 411676826 2 true 2214178 0 Cedar Valley Services Inc 410870082 7 true 286888 0 City of Austin 416004947 6 true 1107793 0 The Salvation Army 410698597 1 true 238263 0 United Way of Mower County 410831896 7 true 1520345 0 Young Men's Christian Association 410718359 10 true 303168 0 Austin Community Charitable Fund 363487772 7 true 97483 0 Riverland Community College 411687554 2 true 1850658 0 Austin Community Growth Ventures 475042107 8 true 69319 0 Parenting Resource Center 411307920 7 true 876761 0 Mayo Clinic Health System-Austin Foundation 300107471 7 true 0 0 15 25611565 0 true true false false false false false false false false false false false false false false true false Part IV Section A Line 2 All supported organizations have an IRS determination letter except those not requiring the determination due to their status as a church, school or governmental unit. false 4353066 4353066 31812593 15825238 15987355 3241975 2847710 394265 449321 449321 20734686 Financial derivatives and other financial products Closely-held equity interests Hormel Foods Corporation common stock 914935031 F Apache Corporation I J Holton Estate 9752 F 914944783 Federal income taxes Undistributable Income - Life Interest 15000 Federal Tax Withholding 270 15270 X X 2 The Foundation is exempt from federal income taxes as a public foundation under Section 501c3 of the Internal Revenue Code. Accounting principles generally accepted in the United States of America require management to evaluate uncertain tax positions taken by the Foundation. The financial statement effects of a tax position are recognized when the position is more likely than not, based on the technical merits, to be sustained upon examination by the Internal Revenue Service. Management has analyzed the tax positions taken by the Foundation and has concluded that as of November 30, 2023 and 2022, there are no uncertain positions taken or expected to be taken. The Foundation has recognized no interest or penalties related to uncertain tax positions. The Foundation is subject to routine audits by taxing jurisdictions however, there are no audits for any tax periods in progress. The Foundations tax returns are subject to review and examination by federal and state authorities. true Austin Area Foundation 1110 1st Ave SE Austin MN 55912 582671449 501c3 14968 N/A Community Projects Austin Community Charitable Fund 329 N Main St Suite 106L Austin MN 55912 363487772 501c3 311988 N/A Community Projects Austin Community Growth Ventures 329 N Main St Suite 106L Austin MN 55912 475042107 501c3 138813 N/A Community Projects Austin Community Scholarship Committee 508 5th Ave SW Austin MN 55912 416020807 501c3 25000 N/A Scholarships Austin Public Schools 401 3rd Ave NW Austin MN 55912 416002526 Govt 1596028 N/A Educational Programs Cedar Valley Services 2111 4th St NW Austin MN 55912 410870082 501c3 237063 N/A Equipment City of Austin 500 4th Ave NE Austin MN 55912 416004947 Govt 404181 N/A Community Projects Mayo Clinic Health Systems-Austin campus 1000 1st Drive NW Austin MN 55912 411404075 501c3 152956 N/A Community Program and Equipment Parenting Resource Center 301 N Main St Austin MN 55912 411307920 501c3 318872 N/A Community Programs Riverland Community College 1900 8th Ave NW Austin MN 55912 411687554 Govt 1948949 N/A Scholarships and Educational Programs The Salvation Army 409 1st Ave NE Austin MN 55912 410698597 501c3 250175 N/A Operations and Programming United Way of Mower County 111 N Main St Austin MN 55912 410831896 501c3 1045355 N/A Support of various tax-exempt programs University of Minnesota-The Hormel Institute 801 16th Ave NE Austin MN 55912 416007513 Govt 21522800 N/A Support of Operations YMCA of Austin 501 4th Ave NE Austin MN 55912 410718359 501c3 281931 N/A Operations and programming 14 Part I Line 2 The receipient organizations must provide documentation to substantiate the use of funds prior to the grant dollars being released to the organization. Grant use reports are completed by the organizations for any grant greater than 5,000 to note the impact of the funds. X true true X X X false false false false false false false false false A O Atewologun Director 12700 261191 23794 29003 12700 313988 M R Ciota Director 795919 743111 1539030 T J Dankert Director 16200 147519 10009 21989 16200 179517 R R Pavek Director 11800 102676 500 3900 34738 23960 11800 165774 J L Strickler Director 31387 168536 23478 223401 S S Dankert Assistant Sec-Treas 187090 5613 192703 R R Clarke Director 9900 341364 30500 22020 9900 393884 J M Page Director 11800 176814 20416 26805 11800 224035 Part I Line 1a The board chair also serves the Executive Director role. As he does not take compensation for his role, first class vs. coach air fare has been allowed for his travel which is not included in taxable income and is reimbursed based on documenation provided as per policy. No first class travel was reimbused in 2023. Part I Line 3 Although the board chair who also serves as the Executive Director does not take compensation for his role, if he did, the compensation would be determined as per the questions answered. Adams Rizzi & Sween PA Legal Counsel 32544 Legal Fees false Town Center Properties LLC Company owner is a board member 25465 Office Rent false Form 990, Part VI, Section A, Line 2 Tom Dankert and Sheri Dankert - family relationship Form 990, Part VI, Section B, Line 11b The Form 990 is prepared internally and reviewed by the organizations public accounting firm. The return is then reviewed by the Finance Committee and presented to the Board of Directors prior to filing. Form 990, Part VI, Section B, Line 12c The conflict of interest policy covers all board members and is reviewed annually with Board members and they are annually also required to disclose any conflicts and sign a form disclosing any conflicts. The signed forms are kept on file by the Assistant Secretary/Treasurer. At the start of each board meeting, members are requested to declare any conflicts. The chair of the board determines if such conflict requires said member to be excused from the meeting during the discussion and voting on the topic of conflict or if it only requres an abstention from voting. All such actions are documented in the board minutes. Form 990, Part VI, Section C, Line 19 All governing documents, conflict of interest policy and the audited financial statements are available upon request. Form 990, Part VII, Section XII, Line 2c The Finance Committee is responsible for oversight of the audit, review of the financial statements and selection of the independent auditors. Form 990, Part VI, Section B, Line 15a/b Annually the Compensation Committee reviews compensation for the Board Chair as that position is also acting as an Executive Director, Treasurer and Assistant Secretary/Treasurer. The committtee uses national salary surveys to complete its review. Their review is documented in committee minutes and the results of their review are shared with board members at a board meeting where the results are discussed and annual compensation amounts are voted on by the board. The last review was in November 2023 for compensation effective January 1, 2024. Form 990, Part VI, Section A, Line 8b The Executive Committee has the authority to act on behalf of the Board of Directors when given that authority in between board meetings. The details of the Executive Committee meetings are documented in their committee minutes which are shared with each board member. Form 990, Part VI, Section A, Line 1b As a supporting organization a majority of our board members come from those supported organizations to have control over the boards decisions. As such, they are not independent directors. Leaning Tree LLC 329 North Main Street Suite 102L Austin MN 55912 410694716 Charitable Educational MN 3288304 The Hormel Foundation Science Park Housing LLC 329 North Main Street Suite 102L Austin MN 55912 410694716 Charitable Educational MN 443200 7491888 The Hormel Foundation University of Minnesota - The Hormel Institute 801 16th Avenue NE Austin MN 55912 416007513 Research MN 2 N/A false Austin Area Foundation 1110 1st Avenue SE Austin MN 55912 582671449 Charitable giving MN 501c3 7 N/A false Austin Community Charitable Fund 329 North Main Street Suite 106L Austin MN 55912 363487772 Charitable giving MN 501c3 8 N/A false Austin Public Schools 401 3rd Avenue NW Austin MN 55912 416002526 Public education MN 2 N/A false Cedar Valley Services Inc 2111 4th Street NW Austin MN 55912 410870082 Services to developmentally disabled MN 501c3 7 N/A false City of Austin 500 4th Avenue NE Austin MN 55912 416004947 City government MN 6 N/A false Mayo Clinic Health Systems - Albert Lea and Austin 1000 First Drive NW Austin MN 55912 411404075 Hospital services MN 501c3 3 N/A false Riverland Community College 1900 8th Avenue NW Austin MN 55912 411687554 Secondary education MN 2 N/A false The Salvation Army 409 1st Avenue NE Austin MN 55912 410698597 Promotion of the public welfare MN 501c3 1 N/A false United Way of Mower County 301 North Main Street Austin MN 55912 410831896 Charitable giving MN 501c3 7 N/A false YMCA 501 4th Avenue NE Austin MN 55912 410718359 Health activities MN 501c3 9 N/A false Austin Community Scholarship Committee 508 5th Avenue SW Austin MN 55912 416020807 Charitable giving MN 501c3 7 N/A false Austin Community Growth Ventures 329 North Main Street Suite 106L Austin MN 55912 475042107 Educ and commercialization of science MN 501c3 8 N/A false Parenting Resource Center 105 1st Street SE Austin MN 55912 411307920 Family education MN 501c3 7 N/A false Mayo Clinic Health System-Austin Foundation 1000 1st Drive NW Austin MN 55912 300107471 Philanthropy MN 501c3 7 N/A false false true false false false false false false false true true false false false false false false false false