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.
Key facts about Otter Tail Power Company Foundation
In short: Otter Tail Power Company Foundation gave $867K across 233 grants in 2024 (avg $4K), mostly in Minnesota. 79% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- EIN
- 83-2710944
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $866,863
- Grants made (2024)
- 233
- Average grant
- $3,720
- Median grant
- $750
- New grantees (estimate)
- 79% first-time grantees (163 of 206, 2024)
- Total assets
- $5,214,192
- Primary geography
- Minnesota (56% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Quick answers about Otter Tail Power Company Foundation
How much does Otter Tail Power Company Foundation give each year?
Otter Tail Power Company Foundation gave $867K across 233 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $668K across 143 grants.
What is Otter Tail Power Company Foundation's typical grant size?
Otter Tail Power Company Foundation's median grant in 2024 was $750, and its average grant was $3,720, across 233 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Otter Tail Power Company Foundation that year got $4K on average.
Where does Otter Tail Power Company Foundation give grants?
Otter Tail Power Company Foundation gives mostly in Minnesota: 56% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were North Dakota (39%) and South Dakota (5%). The most frequent recipient cities were Fergus Falls, MN (58 grants), Jamestown, ND (10 grants), Wahpeton, ND (8 grants) and Devils Lake, ND (7 grants).
Does Otter Tail Power Company Foundation give general operating support?
Yes: 90% of Otter Tail Power Company Foundation's 2024 grants with a stated purpose (209 of 233) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Otter Tail Power Company Foundation's largest grantees?
Otter Tail Power Company Foundation's largest 2024 grantees include Greater Bemidji ($60,000), PioneerCare Foundation ($60,000) and Theodore Roosevelt Presidential Library ($50,250 across 2 grants), according to its 2024 IRS Form 990-PF. Together they received 20% of its itemized 2024 grant dollars.
Is Otter Tail Power Company Foundation open to new grantees?
79%
first-time grantees, 2024
In 2024, 163 of 206 grantees (79%) were first-time recipients. First grants averaged $4K; repeat grants $6K. How we count
Medians: $1K first-time, $2K repeat.
- 10% of 2024 grantees were also funded in 2023. Method
- Giving grew 65% from 2021 to 2024. Method
- In 2024 it paid out 346% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Otter Tail Power Company Foundation
- How to evaluate Otter Tail Power Company Foundation as a funder
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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
Under IRS private-foundation payout rules, Otter Tail Power Company Foundation reported a distributable amount of $250K for 2024 — the minimum it must pay out in qualifying distributions.
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.
Ready to take the next step with Otter Tail Power Company Foundation?
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
Share of all 233 itemized 2024 grant dollars.
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 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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
689 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Greater Bemidji East Grand Forks, MN | General Operations | $60,000 |
| PioneerCare Foundation Fergus Falls, MN | General Operations | $60,000 |
| City of Fergus Falls Fergus Falls, MN | Riverfront Development in Fergus Falls | $50,000 |
| Lake Region Healthcare Foundation Rothsay, MN | General Operations | $50,000 |
| Theodore Roosevelt Presidential Library Medora, ND | General Operations | $50,000 |
| Good Samaritan Health Services Foundation Rugby, ND | General Operations | $30,000 |
| Edgeley Public School Fargo, ND | The new Career Academy construction project | $25,000 |
| Glendalough State Park Citizens Advisory Committee Battle Lake, MN | General Operations | $25,000 |
| New Rockford Area Betterment Corporation New Rockford, ND | General Operations | $25,000 |
| Ransom County Fair Association Ashby, MN | General Operations | $25,000 |
Leadership & Key People
Officers and directors from IRS filings
Otter Tail Power Company Foundation is led by Stephanie Hoff, President on every filing since 2020; none of the 6 officers listed in 2024 report compensation.
Officers on the 2024 filing
Stephanie Hoff
President
On filings since 2020
1 hr/week
No compensation reported
Cary Stephenson
Vice President
On filings since 2020
0.3 hrs/week
No compensation reported
Janelle Johnson
Treasurer
On filings since 2020
0.3 hrs/week
No compensation reported
Rebecca Michael
Secretary
On filings since 2020
1.5 hrs/week
No compensation reported
Steve Schoeneck
Vice President
Director → Vice President, 2023
On filings since 2020
0.3 hrs/week
No compensation reported
Heather Johnson
Assistant Treasurer
New on the 2024 filing
0.3 hrs/week
No compensation reported
Former officers (1)
- Former: Peter Wasberg (2020–2023) — Vice President
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
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
Frequently Asked Questions
What does Otter Tail Power Company Foundation fund?
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 child…
How do I apply for a grant from Otter Tail Power Company Foundation?
**Grant Sizes:** Typical awards range from $100 to $60,000. **Funding Restrictions:** The Foundation does not provide funding to: • Organizations without 501(c)(3) public charity status (with exceptions for public and private educational institutions, volunteer fire departments, and rural EMT services) • Private foundations • Organizations outside the service area • Individuals or employee salaries • Lobbying, political, or fraternal groups • Requests for specific building components (doors, wi…
How much is Otter Tail Power Company Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Otter Tail Power Company Foundation reported a distributable amount of $250K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Otter Tail Power Company Foundation's EIN?
Otter Tail Power Company Foundation's EIN (Employer Identification Number) is 83-2710944. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.