Hormel Foods Corporation Chartible Tr
Hormel Foods Charitable Trust consistently grants millions with zero executive compensation.
EIN: 10761416 · Austin, MN · NTEE: T20 · Updated: 2026-03-28
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Hormel Foods Corporation Chartible Tr is mapped to EIN 10761416.
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| Metric | Value |
|---|---|
| Total Revenue | $356K |
| Total Expenses | $2.4M |
| Program Spending | 100% |
| Net Assets | $1.3M |
| Transparency Score | 95/100 |
Search Intent Cockpit
Hormel Foods Corporation Chartible Tr Form 990, Revenue, CEO Pay, and IRS Filing Signals
Hormel Foods Corporation Chartible Tr is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Hormel Foods Corporation Chartible Tr in one place.
Form 990 Filing Summary
10 filing years are available, with latest revenue of $2.1M and expenses of $2.4M.
Revenue and Expenses
Hormel Foods Corporation Chartible Tr reported $2.1M in revenue and $2.4M in expenses, a deficit of $325K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
95/100 mission score, 0 red flags, and 5 strengths are shown from structured and AI review.
Is Hormel Foods Corporation Chartible Tr Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
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Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $2.4M (100%) |
Across stored filings, Hormel Foods Corporation Chartible Tr shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Appears Legitimate | Good filing record; no red flags identified |
| Mission spend | 100% to programs | Excellent |
| Financial durability | Grade B | 10 stored filing years |
| Peer context | Compare with North American Lake Management Society | Minnesota and Philanthropy context |
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Hormel Foods Corporation Chartible Tr directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hormel Foods Corporation Chartible Tr
Hormel Foods Corporation Chartible Tr (EIN: 10761416) is a nonprofit organization based in Austin, MN, classified under NTEE code T20. The organization reported total revenue of $356K and total assets of $130K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hormel Foods Corporation Chartible Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hormel Foods Corporation Chartible Tr is a small nonprofit that has been operating for 23 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.1M |
| Total Expenses | $2.4M |
| Surplus / Deficit | $-324,809 |
| Total Assets | $1.3M |
| Total Liabilities | $1 |
| Net Assets | $1.3M |
| Operating Margin | -15.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 6.4 months |
Financial Health Grade: B
In 2023, Hormel Foods Corporation Chartible Tr reported a deficit of $325K with expenses exceeding revenue, holds 6.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Hormel Foods Corporation Chartible Tr's revenue has grown at a compound annual growth rate (CAGR) of 2.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -45.6% | +4.4% | -19.5% |
| 2022 | +119.2% | +23.5% | +176.9% |
| 2021 | +16.7% | +1.7% | +218.4% |
| 2020 | +0.0% | +31.9% | -65.3% |
| 2019 | +0.0% | -17.2% | +7.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Hormel Foods Corporation Chartible Tr with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 0%
- programs: 100%
- fundraising: 0%
According to IRS 990 filings, Hormel Foods Corporation Chartible Tr allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $325K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly efficient for an organization of this size and type.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Hormel Foods Corporation Chartible Tr:
- 100% program spending ratio, indicating high efficiency.
- Consistent reporting of zero officer compensation, enhancing transparency and trust.
- Significant and consistent grantmaking activity, demonstrating strong mission fulfillment.
- Healthy asset base, providing financial stability for future operations.
- Low or non-existent liabilities across most filing periods.
Frequently Asked Questions about Hormel Foods Corporation Chartible Tr
Is Hormel Foods Corporation Chartible Tr a legitimate charity?
Hormel Foods Corporation Chartible Tr (EIN: 10761416) is a registered tax-exempt nonprofit based in Minnesota. Our AI analysis gives it a Mission Score of 95/100. It has 10 years of IRS 990 filings on record. Total revenue: $356K. No red flags identified. 5 strengths noted. Financial health grade: B.
How does Hormel Foods Corporation Chartible Tr spend its money?
Hormel Foods Corporation Chartible Tr directs 100% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Hormel Foods Corporation Chartible Tr tax-deductible?
Hormel Foods Corporation Chartible Tr is registered as a tax-exempt nonprofit (EIN: 10761416). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Hormel Foods Corporation Chartible Tr compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Hormel Foods Corporation Chartible Tr is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hormel Foods Corporation Chartible Tr located?
Hormel Foods Corporation Chartible Tr is headquartered in Austin, Minnesota and files with the IRS under EIN 10761416. It is classified under NTEE code T20.
How many years of IRS 990 filings does Hormel Foods Corporation Chartible Tr have?
Hormel Foods Corporation Chartible Tr has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $356K in total revenue.
Is Hormel Foods Corporation Charitable Trust a good charity?
Based on the provided IRS 990 data, the Hormel Foods Corporation Charitable Trust appears to be a highly effective and efficient charity. It consistently directs 100% of its expenses towards its programs (grantmaking) and reports zero executive compensation, indicating that funds are directly used for its mission.
How does the Trust manage its expenses relative to its revenue?
The Trust's expenses have generally been well-managed relative to its revenue. While there are periods where expenses slightly exceed revenue (e.g., $2,411,235 in expenses vs. $2,086,426 in revenue in 2023), this is typical for grantmaking organizations that may draw from accumulated assets to fulfill their charitable commitments. Overall, the Trust maintains a healthy asset base.
What is the primary financial strength of this organization?
The primary financial strength of this organization is its exceptional spending efficiency, evidenced by 100% of expenses allocated to programs and zero officer compensation. This ensures that virtually all funds are directly applied to its charitable mission.
Filing History
IRS 990 filing history for Hormel Foods Corporation Chartible Tr showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Hormel Foods Corporation Chartible Tr's revenue has grown by 39.1%, moving from $1.5M to $2.1M. Total assets decreased by 18% over the same period, from $1.6M to $1.3M. Total functional expenses rose by 118.4%, from $1.1M to $2.4M. In its most recent filing year (2023), Hormel Foods Corporation Chartible Tr reported a deficit of $325K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.1M | $2.4M | $1.3M | $1 | — | View 990 |
| 2022 | $3.8M | $2.3M | $1.6M | $1 | — | View 990 |
| 2021 | $1.8M | $1.9M | $573K | $513K | — | View 990 |
| 2020 | $1.5M | $1.8M | $180K | $1 | — | View 990 |
| 2019 | $1.5M | $1.4M | $518K | $0 | — | View 990 |
| 2015 | $1.5M | $1.7M | $482K | $0 | — | View 990 |
| 2014 | $1.0M | $1.6M | $665K | $0 | — | View 990 |
| 2013 | $1.0M | $1.4M | $1.2M | $0 | — | View 990 |
| 2012 | $1.5M | $1.5M | $1.6M | $0 | — | View 990 |
| 2011 | $1.5M | $1.1M | $1.6M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.1M, expenses of $2.4M, and assets of $1.3M (revenue -45.6% year-over-year).
- 2022: Revenue of $3.8M, expenses of $2.3M, and assets of $1.6M (revenue +119.2% year-over-year).
- 2021: Revenue of $1.8M, expenses of $1.9M, and assets of $573K (revenue +16.7% year-over-year).
- 2020: Revenue of $1.5M, expenses of $1.8M, and assets of $180K (revenue +0.0% year-over-year).
- 2019: Revenue of $1.5M, expenses of $1.4M, and assets of $518K (revenue +0.0% year-over-year).
- 2015: Revenue of $1.5M, expenses of $1.7M, and assets of $482K (revenue +50.0% year-over-year).
- 2014: Revenue of $1.0M, expenses of $1.6M, and assets of $665K (revenue +0.0% year-over-year).
- 2013: Revenue of $1.0M, expenses of $1.4M, and assets of $1.2M (revenue -33.3% year-over-year).
- 2012: Revenue of $1.5M, expenses of $1.5M, and assets of $1.6M (revenue +0.0% year-over-year).
- 2011: Revenue of $1.5M, expenses of $1.1M, and assets of $1.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hormel Foods Corporation Chartible Tr:
Data Sources and Methodology
This transparency report for Hormel Foods Corporation Chartible Tr is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.