Is operated for the benefit of, and to assist in performing the functions and in carrying out the purpose of the Supported Organizations.
Executive compensation, broken down
Form 990 · Part VII & Schedule J · 18 reported individuals · Filing year 2023
Percentile bands compare each position's total pay with the same role at Philanthropy, Voluntarism & Grantmaking organizations in Minnesota.
- Base
- $198k
- Bonus
- —
- Other
- —
- Benefits
- —
- Base
- $10k
- Bonus
- —
- Other
- —
- Benefits
- —
- Base
- $15k
- Bonus
- —
- Other
- —
- Benefits
- —
- Base
- $14k
- Bonus
- —
- Other
- —
- Benefits
- —
- Base
- $18k
- Bonus
- —
- Other
- —
- Benefits
- —
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
Assistant Sec-treas Officer (Unspecified) | $198k | — | — | — | $204k $226k |
Treasurer Officer (Unspecified) | — | — | — | — | $95k $105k |
Director Board Member Above 90th percentile | $10k | — | — | — | $66k $73k |
Director Board Member Above 90th percentile | $15k | — | — | — | $65k $72k |
Director Board Member Above 90th percentile | $14k | — | — | — | $64k $71k |
Director Board Member 75th to 90th percentile | $18k | — | — | — | $49k $55k |
Vice Chair Board Vice Chair 75th to 90th percentilevs Philanthropy, Voluntarism & Grantmaking peers nationwide | — | — | — | — | $40k $44k |
Director Board Member 75th to 90th percentile | — | — | — | — | $33k $37k |
Director Board Member Median to 75th percentile | — | — | — | — | $27k $29k |
Director Board Member Median to 75th percentile | — | — | — | — | $26k $28k |
Director Board Member Median to 75th percentile | — | — | — | — | $22k $24k |
Secretary Officer (Unspecified) | — | — | — | — | $20k $22k |
Director Board Member Median to 75th percentile | — | — | — | — | $19k $21k |
Director Board Member Median to 75th percentile | — | — | — | — | $16k $18k |
Director Board Member Median to 75th percentile | — | — | — | — | $15k $17k |
Director Board Member Median to 75th percentile | — | — | — | — | $14k $15k |
Director Board Member Median to 75th percentile | — | — | — | — | $10k $12k |
Director Board Member 25th percentile to median | — | — | — | — | $8k $8k |
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 3 unpaid individuals.
Browse compensation in Philanthropy, Voluntarism & Grantmaking →
Top pay as a share of expenses
In 2023, the highest total compensation at The Hormel Foundation equaled 0.6% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.
Based on 35,946 philanthropy, voluntarism & grantmaking organizations, each measured at its most recent filing year with reported expenses and compensation.
Down 73%
from 2022
From $743k in 2022 to $204k in 2023.
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.
Board Member pay fell 91% from 2022 to 2023, while revenue rose 9%.
- Board Vice Chair pay rose 168% from 2022 to 2023.
Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about The Hormel Foundation
What does the Board Member of The Hormel Foundation earn?
In 2023, the Board Member of The Hormel Foundation received $65,890 in total compensation. This pay is in the top 10% for Board Member roles among Philanthropy, Voluntarism & Grantmaking organizations in Minnesota: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.
How does Board Member pay at The Hormel Foundation compare with similar nonprofits?
Compared with the same role at Philanthropy, Voluntarism & Grantmaking organizations in Minnesota, the 2023 pay of the Board Member at The Hormel Foundation falls in the top 10%. In 2023, the highest total compensation at The Hormel Foundation equaled 0.6% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.
What are The Hormel Foundation's revenue and expenses?
In 2023, The Hormel Foundation reported $40.8M in total revenue and $33.6M in total expenses on its IRS Form 990.
Compare any role, sector, or revenue band
Build your own benchmark from millions of reported positions.
Learn More About Nonprofit Compensation
Guides to help you understand and use this data
How to Look Up Nonprofit Salaries
Two approaches to finding executive compensation at any tax-exempt organization, from raw IRS filings to searchable databases.
Read moreAre Nonprofit Salaries Public?
What IRS Form 990 discloses about executive compensation, who has to report it, and how to look it up.
Read moreHow to Benchmark Nonprofit Executive Compensation
A step-by-step approach to using IRS Form 990 data for compensation benchmarking and peer comparison.
Read more