Otter Tail Power Company Foundation
The Otter Tail Power Company Foundation is a private grantmaking foundation established in 2018 and based in Fergus Falls, Minnesota. It operates as a 501(c)(3) public charity dedicated to supporting nonprofit organizations and educational institutions in the communities served by Otter Tail Power Company, an investor-owned electric utility serving approximately 133,000 customers across Minnesota, North Dakota, and South Dakota.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$5.2M
+27.8% YoY
Annual Giving
$867K
+29.7% YoY
Grant Count
233
+62.9% YoY
Avg Grant Size
$4K
-20.4% YoY
Mission & Focus Areas
The Foundation's mission is to support young minds, invest in the current and future workforce, create vibrant culture and vital communities, improve health and human services, and protect natural resources.
The Foundation provides financial support across five primary focus areas:
Community, Civic, and Cultural Development: Support for economic and cultural development, with emphasis on expanding access to arts and culture for underserved communities.
Education: Funding for early childhood education programs that build physical, mental, and social strength in youth, as well as higher education support focusing on curricula and capital improvements in business, political science, economics, engineering, and the sciences—particularly those related to energy and industry.
Environment: Support for sustainability and environmental education programs that protect land, water, and air, especially those building strong partnerships between businesses and communities.
Health and Human Services: Programs assisting individuals and families facing challenges including hunger, poverty, domestic violence, homelessness, and disabilities.
Grantmaking
Grant Range
s:** Typical awards range from $100 to $60,000.
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Geographic Focus
Where this funder awards grants
The Foundation funds organizations in the service area of Otter Tail Power Company, which spans Minnesota, North Dakota, and South Dakota. Specific communities mentioned include Bemidji and other rural communities served by the utility.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2023 (most recent available):
- Total Assets: $4,080,719
- Total Giving: $668,440
- Annual Revenue: $2.4 million
- Annual Expenses: $685,000
- Total Liabilities: $0
The Foundation has been tax-exempt since May 2019.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $5,214,192 | $4,080,719 | $1,973,276 |
| Revenue | $1,757,425 | $2,401,541 | $1,537,959 |
| Expenses | $910,401 | $684,878 | $564,759 |
| Qualifying Distributions | $867,058 | $668,600 | $561,143 |
| Net Investment Income | $236,976 | $85,875 | $34,343 |
| Distributable Amount | $250,408 | $173,035 | $96,271 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Stephanie Hoff | President | 1 | — |
| Cary Stephenson | Vice President | 0.25 | — |
| Steve Schoeneck | Vice President | 0.25 | — |
| Rebecca Michael | Secretary | 1.5 | — |
| Janelle Johnson | Treasurer | 0.25 | — |
| Heather Johnson | Assistant Treasurer | 0.25 | — |
Recent News & Activity
Recent developments and announcements
The Foundation actively supports community organizations through its grantmaking and employee engagement initiatives. The "Power of Two" program demonstrates ongoing commitment to leveraging employee volunteerism and charitable giving to amplify community impact across its service region.
Subject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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