Otter Tail Corporation Foundation

Organization Overview

Otter Tail Corporation Foundation is located in Fergus Falls, MN. The organization was established in 2019. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Otter Tail Corporation Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Otter Tail Corporation Foundation generated $4.5m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 30.6% each year . All expenses for the organization totaled $154.3k during the year ending 12/2021. While expenses have increased by 28.4% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2020, Otter Tail Corporation Foundation has awarded 75 individual grants totaling $333,567. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

NONE


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $4,500,000
Interest on Savings $544
Dividends & Interest $0
Net Rental Income$0
Net Gain on Sale of Assets $0
Capital Gain Net Income $0
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $4,500,544

Grants Awarded

Over the last fiscal year, Otter Tail Corporation Foundation has awarded $148,900 in support to 33 organizations.

Grant RecipientAmount

UND FOUNDATION

PURPOSE: BUILDING FUND GIFT AGREEMENT PMT 2

$25,000

DUCKS UNLIMITED INC

Org PageRecipient Profile

Memphis, TN

PURPOSE: EASTERN SD-RURAL WETLAND MANAGEMENT

$15,000

ARTS PARTNERSHIP OF THE RED RIVER V

Org PageRecipient Profile

Fargo, ND

PURPOSE: CULTIVATE ARTS IN THE COMMUNITY

$10,000

LIFEWORKS

PURPOSE: EMPLOYMENT EQUITY FOR PEOPLE

$10,000

MENTAL HEALTH AMERICA

Org PageRecipient Profile

Alexandria, VA

PURPOSE: DONATION FOR SHAREHOLDER VOTES

$10,000

HERO HEALTHCARE EQUIP RECYCLE ORG

PURPOSE: WAIVED FEE PROGRAM

$7,500
View Grant Profile

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