Otter Tail Power Company Foundation

Organization Overview

Otter Tail Power Company Foundation is located in Fergus Falls, MN. The organization was established in 2019. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Otter Tail Power Company 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 12/2022, Otter Tail Power Company Foundation generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 32.4% each year . All expenses for the organization totaled $564.8k during the year ending 12/2022. While expenses have increased by 16.2% per year over the past 4 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 Power Company Foundation has awarded 313 individual grants totaling $1,435,743. 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.

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Board, Officers & Key Employees

Name (title)Compensation
Stephanie Hoff
President
$0
Cary Stephenson
Vice President
$0
Peter Wasberg
Chair
$0
Janelle Johnson
Treasurer
$0
Steve Schoeneck
Director
$0
Rebecca Michael
Secretary
$0

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $1,500,000
Interest on Savings $59
Dividends & Interest $35,568
Net Rental Income$0
Net Gain on Sale of Assets $2,332
Capital Gain Net Income $2,332
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $1,537,959

Grants Awarded

Over the last fiscal year, Otter Tail Power Company Foundation has awarded $556,343 in support to 120 organizations.

Grant RecipientAmount

LUND TOWNSHIP

PURPOSE: COMMUNITY CIVIC CULTURAL DEVELOPMENT

$1,000

BOYS AND GIRLS CLUB OF THE BEMIDJI

PURPOSE: COMMUNITY CIVIC CULTURAL DEVELOPMENT

$1,500

KARLSTAD PARK BOARD

PURPOSE: COMMUNITY CIVIC AND CULTURAL DEVELOPMENT

$1,500

CROOKSTON AREA SENIORS ASSOCIATION

PURPOSE: COMMUNITY CIVIC CULTURAL DEVELOPMENT

$2,500

KIDSON CARES

PURPOSE: COMMUNITY CIVIC CULTURAL DEVELOPMENT

$5,000

SWIFT COUNTY FAIR ASSOCIATION

PURPOSE: COMMUNITY CIVIC & CULTURAL DEVELOPMENT

$10,000
View Grant Profile

Peer Organizations

Organization NameAssets
The Robert D And Patricia E Kern Family Foundation Inc
Waukesha, WI
$170,205,304
Fred C And Katherine B Andersen Foundation
Bayport, MN
$55,268,450
The Richard M Schulze Family Foundation
Minneapolis, MN
$68,904,176
Bader Philanthropies Inc
Milwaukee, WI
$41,185,717
Kiewit Companies Foundation
Milwaukee, WI
$36,875,183
Northwest Area Foundation
St Paul, MN
$54,713,221
U S Bancorp Foundation
Milwaukee, WI
$567,434
J A Wedum Foundation
Plymouth, MN
$32,945,038
General Mills Foundation
Minneapolis, MN
-$304,053
Target Foundation
Minneapolis, MN
$57,393,098
Medtronic Communities Foundation
Minneapolis, MN
$2,010,402
Charles K Blandin Foundation
Grand Rapids, MN
$25,783,880
Schoeneckers Foundation
Minneapolis, MN
$12,855,958
Principal Financial Group Foundation Inc
Des Moines, IA
$8,162,842
Argosy Foundation
Milwaukee, WI
$16,686,500
The Ceres Trust
Milwaukee, WI
$1,828,277
American Family Insurance Dreams Foundation Inc
Madison, WI
$25,226,375
We Energies Foundation Inc
Milwaukee, WI
$22,116,769
Joseph And Vera Zilber Family
Milwaukee, WI
$24,555,392
The Aditi Foundation
Sioux Falls, SD
$13,301,042
Cargill Foundation
Minneapolis, MN
-$2,654,031
The Curtis L Carlson Family Foundation
Minnetonka, MN
$21,132,663
Hall-Perrine Foundation
Cedar Rapids, IA
$3,785,805
Wenger Foundation
Wayzata, MN
-$944,880
Herbert H Kohl Charities Inc
Milwaukee, WI
$4,430,173

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