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Filing year 2023

HORMEL HISTORIC HOME INC

Austin, Minnesota·EIN 41-0705219·3
Total revenue
$535k
Total assets
$2.1M
Total expenses
$556k
Reported officers
11
Mission

TO PRESERVE THE HISTORY AND VALUES OF THE GEORGE A AND LILLIAN HORMEL FAMILY THROUGH THE PRESERVATION OF THE HORMEL HISTORIC HOME AND SERVING THE COMMUNITY AS A MEETING PLACE TO PURSUE THE HORMEL FAMILY VALUES OF HOSPITALITY, EDUCATION, MUSIC APPRECIATION, AND ENTREPRENEURSHIP.

Executive compensation

Form 990 · Schedule J · 1 reported individual · Filing year 2023

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

Executive Dir.
Board Member
75th to 90th percentile
$53k
$58k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 10 unpaid individuals.

Up 10%
from 2022

From $48k in 2022 to $53k in 2023.

$48k
2022
$53k
2023
In today's dollarsEst.
Up 6% in real terms$55k to $58k

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Board Member pay rose 10% from 2022 to 2023, while revenue fell 17%.

$48k in 2022 to $53k in 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

HORMEL HISTORIC HOME INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$646k
$556k
2022
$535k
$556k
2023
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about HORMEL HISTORIC HOME INC

What does the Board Member of HORMEL HISTORIC HOME INC earn?

In 2023, the Board Member of HORMEL HISTORIC HOME INC received $52,805 in total compensation. This pay is in the top quarter for Board Member roles among nonprofits nationwide, across all sectors, though not the top 10% of comparable filings. Based on IRS Form 990 data.

How does Board Member pay at HORMEL HISTORIC HOME INC compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2023 pay of the Board Member at HORMEL HISTORIC HOME INC falls between the 75th and 90th percentiles.

What are HORMEL HISTORIC HOME INC's revenue and expenses?

In 2023, HORMEL HISTORIC HOME INC reported $535k in total revenue and $556k in total expenses on its IRS Form 990.

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