Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
OTTER TAIL POWER COMPANY FOUNDATION
 
% Janelle Johnson
Number and street (or P.O. box number if mail is not delivered to street address)215 S CASCADE ST
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
FERGUS FALLS, MN565372801
A Employer identification number

83-2710944
B Telephone number (see instructions)

C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$4,080,719J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 2,300,000
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 101,676 101,676  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -135
b Gross sales price for all assets on line 6a 677,006
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 2,401,541 101,676  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... 0 0   0
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
245 85   160
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
14,138 14,138   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
2,055 1,578   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 16,438 15,801   160
25 Contributions, gifts, grants paid....... 668,440 668,440
26 Total expenses and disbursements. Add lines 24 and 25 684,878 15,801   668,600
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,716,663
b Net investment income (if negative, enter -0-) 85,875
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 1,002 0 0
2 Savings and temporary cash investments......... 0 0 0
3 Accounts receivable right arrow0
Less: allowance for doubtful accounts right arrow0 0 0 0
4 Pledges receivable right arrow0
Less: allowance for doubtful accounts right arrow0 0 0 0
5 Grants receivable................. 0 0 0
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use.............. 0 0 0
9 Prepaid expenses and deferred charges.......... 0 0 0
10a Investments—U.S. and state government obligations (attach schedule) 41,486 Click to see attachment
List of Attached Documents:
// Content
219,475 		219,475
b Investments—corporate stock (attach schedule)....... 1,487,436 Click to see attachment
List of Attached Documents:
// Content
2,946,409 		2,946,409
c Investments—corporate bonds (attach schedule)....... 443,352 Click to see attachment
List of Attached Documents:
// Content
914,835 		914,835
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans............. 0 0 0
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,973,276 4,080,719 4,080,719
Liabilities 17 Accounts payable and accrued expenses.......... 0 0
18 Grants payable................. 0 0
19 Deferred revenue................. 0 0
20 Loans from officers, directors, trustees, and other disqualified persons 0 0
21 Mortgages and other notes payable (attach schedule)...... 0 0
22 Other liabilities (describe right arrow) 0 0
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 1,973,276 4,080,719
25 Net assets with donor restrictions............ 0 0
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 1,973,276 4,080,719
30 Total liabilities and net assets/fund balances (see instructions). 1,973,276 4,080,719
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
1,973,276
2
Enter amount from Part I, line 27a .....................
2
1,716,663
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
390,780
4
Add lines 1, 2, and 3 ..........................
4
4,080,719
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
4,080,719
Form 990-PF (2023)
Form 990-PF (2023)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a KPB - Capital Gain Dividends P 2022-08-15 2023-12-15
b Publicly Traded Securities - KPB - Investments ST      
c Publicly Traded Securities - KPB - Investments LT      
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 13,211 0 0 13,211
b 409,783 0 423,916 -14,133
c 254,012 0 253,225 787
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       13,211
b       -14,133
c       787
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 -135
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3 -14,133
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 1,194
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 1,194
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 1,194
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 0
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 0
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 1,194
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow0 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowMN
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. Click to see attachment
List of Attached Documents:
// Content
...............................
10
Yes
 
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowhttps://www.otpco.com/about-us/foundation/
14
The books are in care ofright arrowOtter Tail Power Company Telephone no.right arrow (218) 739-8758

Located atright arrow215 S CASCADE STFERGUS FALLSMN ZIP+4right arrow56537
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
No
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
No
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
Stephanie Hoff President
1.00 		0 0 0
215 South Cascade Street
Fergus Falls,MN56537
Peter Wasberg Vice President
0.25 		0 0 0
215 South Cascade Street
Fergus Falls,MN56537
Janelle Johnson Treasurer
0.50 		0 0 0
215 South Cascade Street
Fergus Falls,MN56537
Rebecca Michael Secretary
1.50 		0 0 0
215 South Cascade Street
Fergus Falls,MN56537
Steve Schoeneck Vice President
0.25 		0 0 0
215 South Cascade Street
Fergus Falls,MN56537
Cary Stephenson Vice President
0.25 		0 0 0
215 South Cascade Street
Fergus Falls,MN56537
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow  
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow  
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
3,536,848
b
Average of monthly cash balances.......................
1b
794
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
3,537,642
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
3,537,642
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
53,065
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
3,484,577
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
174,229
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
174,229
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
1,194
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
0
c
Add lines 2a and 2b............................
2c
1,194
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
173,035
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
173,035
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
173,035
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 Click to see attachment
List of Attached Documents:
// Content
..........
1a
668,600
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
668,600
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 173,035
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:2021, 2020, 2019 0
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 0
b From 2019...... 297,410
c From 2020...... 330,204
d From 2021...... 465,102
e From 2022...... 464,872
f Total of lines 3a through e ........ 1,557,588
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 668,600
a Applied to 2022, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2023 distributable amount..... 173,035
e Remaining amount distributed out of corpus 495,565
5 Excess distributions carryover applied to 2023. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 2,053,153
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		2,053,153
10 Analysis of line 9:
a Excess from 2019.... 297,410
b Excess from 2020.... 330,204
c Excess from 2021.... 465,102
d Excess from 2022.... 464,872
e Excess from 2023.... 495,565
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
Otter Tail Power Foundation
215 South Cascade Street
Fergus Falls,MN56537
(218) 739-8200
foundation@otpco.com
bThe form in which applications should be submitted and information and materials they should include:
The information for the Otter Tail Power Company Foundation application is available online at https: www.otpco.com about-us foundation
cAny submission deadlines:
N A
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
The Otter Tail Power Company Foundation dedicates our resources primarily to charitable educational and volunteer efforts of qualifying organizations that directly impact local communities we serve. For more information please check our website at https: www.otpco.com about-us foundation grant-application-process
Form 990-PF (2023)
Form 990-PF (2023)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year
Rothsay School


2040 County Highway 52
Rothsay,MN56579 		  GOV Community Civic & Cultural Development 2,500
City of Erhard Minnesota


804 Main St
Erhard,MN56534 		  GOV Community Civic & Cultural Development 2,500
Appleton Recreation Association


323 West Schlieman Ave
Appleton,MN56208 		  PC Community Civic & Cultural Development 5,000
Fergus Falls Center for the ArtsInc


124 W LINCOLN AVE
Fergus Falls,MN56537 		  PC Community Civic & Cultural Development 5,000
Appleton Golf Club


331 E Wyman Ave
Appleton,MN56208 		  PC Community Civic & Cultural Development 2,500
Fergus Falls Hockey Foundation


PO Box 691
Fergus Falls,MN56538 		  PC Community Civic & Cultural Development 10,000
Perham Area Community Center


620 3rd Ave SE
Perham,MN56573 		  PC Community Civic & Cultural Development 20,000
Parkers Prairie Independent School


411 South Otter Avenue
Parkers Prairie,MN56361 		  GOV Community Civic & Cultural Development 5,000
Greater Bemidji


102 1ST ST W STE 101
Bemidji,MN56601 		  PC Community Civic & Cultural Development 60,000
Browns Valley Historical Society


737 Broadway Street
Browns Valley,MN56219 		  PC Community Civic & Cultural Development 2,500
City of Mahnomen


104 W Madison Ave
Mahnomen,MN56557 		  GOV Community Civic & Cultural Development 2,500
Hornets Hive dba CornerStone


PO BOX 113
Frazee,MN56544 		  PC Community Civic & Cultural Development 5,000
OTC Summer Baseball Inc - Power of


PO BOX 247
Underwood,MN56586 		  PC Community Civic & Cultural Development 250
Prairie Rivers Baseball Association


11393 Big Island Rd
Ashby,MN56309 		  PC Community Civic & Cultural Development 250
United Way of Otter Tail and Wadena


120 East Washington Ave
Fergus Falls,MN56537 		  PC Community Civic & Cultural Development 15,500
Northwest Technical College Northwe


201 3rd St NW
Bemidji,MN56601 		  PC Education 3,000
Bemidji State University


1500 Birchmont Dr NE 7
Bemidji,MN56601 		  PC Education 3,000
Fergus Falls High School Trap team


PO Box 101
Fergus Falls,MN56537 		  GOV Education 250
Underwood Rockets Trap BoostersClub


P O Box 93
Underwood,MN56586 		  PC Education 250
RUSC Kinship Mentoring


215 Atlantic Ave
Morris,MN56267 		  PC Education 1,000
Otter Cove Children's Museum


105 W Lincoln Ave
Fergus Falls,MN56573 		  PC Education 2,540
Boys and Girls Club of DetroitLakes


PO Box 67
Perham,MN56537 		  PC Education 5,000
Henning Public School Library


500 School Avenue
Henning,MN56551 		  GOV Education 2,000
Garfield School Alexandria Public S


303 Sanstead St PO Box 58
Garfield,MN56332 		  GOV Education 2,000
University of Minnesota Foundation


200 Oak St SE Ste 500
Minneapolis,MN55455 		  PC Education 5,000
Gene Dillon FIRST Lego League Team


3795 Division Street W
Bemidji,MN56601 		  PC Education 2,500
Ashby Public School ArrowBot Team 8


300 Birch Ave
Ashby,MN56309 		  GOV Education 2,500
Fisher Robotics


313 Park Ave
Fisher,MN56723 		  PC Education 2,500
Isd 544 in conjunction with 544 fou


518 Friberg Ave
Fergus Falls,MN56537 		  PC Education 2,500
Hancock Athletic Booster Club


803 7th St
Hancock,MN56244 		  PC Education 3,000
KAOTIC Robotics FRC Team 4539


304 Willow Ave West
Frazee,MN56544 		  PC Education 2,500
Fergus Area College Foundation


1414 College Way
Fergus Falls,MN56537 		  PC Education 5,000
Minnesota State Community Technical


405 Colfax Ave SW
Wadena,MN56482 		  PC Education 9,000
University of Minnesota Crookston


200 Oak Street SE Suite 500
Minneapolis,MN55455 		  GOV Education 3,000
University of Minnesota Morris


600 East 4th St
Morris,MN56334 		  GOV Education 2,000
M State Foundation


1900 28th Ave S
Moorhead,MN56560 		  PC Education 500
FOUNDATION FOR INNOVATION IN EDUCAT


1420 East College Dr
Marshall,MN56258 		  PC Education 1,000
Fergus Falls Kennedy School - Otter


601 Randolph Ave
Fergus Falls,MN56537 		  GOV Education 2,500
Hillcrest Lutheran Academy - Girls


610 Hillcrest Dr
Fergus Falls,MN56537 		  PC Education 250
Glendalough State park Citizens Adv


24869 Whitetail Lane
Battle Lake,MN56515 		  PC Environmental 25,000
Lake Benton Area Community Foundati


304 Lakeview Street S PO Box 145
Lake Benton,MN56149 		  PC Environmental 1,000
Boys Girls Club of the Bemidji Area


PO BOX 191
Bemidji,MN56619 		  PC Environmental 2,500
TNT Kids Fitness Gymnastics


2800 Main Ave S
Fargo,ND58103 		  PC Health and Human Services 15,000
Someplace Safe Fergus Falls Advovac


PO Box 815
Fergus Falls,MN56537 		  PC Health and Human Services 1,000
Tailwinds Bemidji


403 4th St NW 300
Bemidji,MN56601 		  PF Health and Human Services 2,500
The Salvation Army of Fergus Falls


622 E Vernon Ave
Fergus Falls,MN56537 		  PC Health and Human Services 5,000
PC's for People


2492 Doswell Ave
St Paul,MN55108 		  PC Health and Human Services 2,500
Argyle Fire and Rescue


701 Pacific Avenue
Argyle,MN56713 		  GOV Health and Human Services 2,500
City of Taunton 1st Responders


301 Lincoln
Tauton,MN56291 		  GOV Health and Human Services 3,000
Lake Region Recovery Home


217 N Union Ave
Fergus Falls,MN56537 		  PC Health and Human Services 10,000
Young Life Ottertail County


128 W Lincoln Ave
Fergus Falls,MN56537 		  PC Health and Human Services 5,000
Argyle Area Food Shelf


511 3rd street
Argyle,MN56713 		  PC Health and Human Services 500
Barnesville Area Food Shelf


110 Front St N
Barnesville,MN56514 		  PC Health and Human Services 1,000
Battle Lake Emergency Food Shelf


205 W Main St
Battle Lake,MN56515 		  PC Health and Human Services 1,000
Becker County Food Pantry


1308 Rossman Ave
Detroit Lakes,MN56501 		  PC Health and Human Services 1,000
Bemidji Community Food Shelf


1260 Exchange Ave SE
Bemidji,MN56619 		  PC Health and Human Services 5,000
Browns Valley Food Shelf


106 4th St S
Browns Valley,MN56219 		  PF Health and Human Services 500
Climax Parish Food Shelf


104 W Broadway
Climax,MN56523 		  PC Health and Human Services 500
Cornerstone Food Pantry


321 S Birch Ave
Hallock,MN56728 		  PC Health and Human Services 500
Fergus falls Community Food Shelf


1512 1st Ave N
Fergus Falls,MN56538 		  PC Health and Human Services 5,000
Fertile-Beltrami Food Shelf


101 S Mill St
Fertile,MN56540 		  PC Health and Human Services 500
Grace Community Food Shelf


332 Vance Ave
Erskine,MN56535 		  PC Health and Human Services 500
Greenbush Community Food Shelf


244 Main St N
Greenbush,MN56726 		  PC Health and Human Services 500
Helping Hands Food Shelf


119 S Main St
Mahnomen,MN56557 		  PC Health and Human Services 1,000
Hoffman-Kensington Food Shelf


100 3rd St
Hoffman,MN56339 		  PC Health and Human Services 500
Kittson Co Care Share


106 Main St
Lake Bronson,MN56734 		  PC Health and Human Services 500
Inter-County Comm Council FS


207 Main St
Oklee,MN56742 		  PC Health and Human Services 500
New Hope Food Shelf


220 E 3rd St
Crookston,MN56716 		  PC Health and Human Services 2,500
New York Mills Area Food Shelf


400 S Walker Ave
New York Mills,MN56567 		  PC Health and Human Services 1,000
Pelican Rapids Community Food Shelf


28 West Mill St
Pelican Rapids,MN56572 		  PC Health and Human Services 1,000
Perham Community Food Pantry The Br


501 4th Ave NW
Perham,MN56573 		  PC Health and Human Services 1,000
Prairie Five Big Stone Lake Area Fo


125 NW 2nd St
Ortonville,MN56278 		  PC Health and Human Services 1,000
Red Lake Falls Food Shelf


15475 110th Ave SW
Red Lake Falls,MN56750 		  PC Health and Human Services 1,000
Stevens County Food Shelf


701 Iowa Ave
Morris,MN56267 		  PC Health and Human Services 2,500
Strandquist Food Shelf


204 Main St
Strandquist,MN56758 		  PC Health and Human Services 500
Traverse County Food Shelf


15 10th St S
Wheaton,MN56296 		  PC Health and Human Services 1,000
St John's Lutheran Church


410 E SCHARF AVE
Vergas,MN56587 		  PC Health and Human Services 1,320
Lutheran Social Service of Minnesot


3101 S Frontage Rd Ste 100
Bemidji,MN56560 		  PC Health and Human Services 2,500
Holloway First Responders


PO BOX 18
Holloway,MN56249 		  PC Health and Human Services 1,000
Habitat for Humanity


PO BOX 434
Fergus Falls,MN56537 		  PC Health and Human Services 5,000
Band of Brothers Outdoors - Power o


3217 360th St
Foxhome,MN56543 		  PC Health and Human Services 250
Central Cass Public Schools


802 5th St N
Casselton,ND58012 		  GOV Community Civic & Cultural Development 10,000
Jamestown Parks and Recreation Foun


1002 2nd Ave SE
Jamestown,ND58401 		  PC Community Civic & Cultural Development 10,000
Rugby Park District


PO Box 365
Rugby,ND58368 		  GOV Community Civic & Cultural Development 5,000
Enderlin Historical Society and Mus


13296 55th St SE
Enderlin,ND58027 		  PC Community Civic & Cultural Development 2,500
Devils Lake Park District


501 Firebird Lane NW
Devils Lake,ND58301 		  GOV Community Civic & Cultural Development 10,000
Surrey Rural Fire Protection Distri


P O Box 428
Surrey,ND58785 		  GOV Community Civic & Cultural Development 5,000
University of Jamestown


6082 College Ln
Jamestown,ND58405 		  PC Community Civic & Cultural Development 10,000
Devils Lake Park Board


PO Box 446
Devils Lake,ND58301 		  GOV Community Civic & Cultural Development 10,000
Fellowship Of Christian Athletes


412 2nd ave ne
Jamestown,ND58401 		  PC Community Civic & Cultural Development 2,500
Stutsman County


205 6th St SE Suite 2
Jamestown,ND58401 		  GOV Community Civic & Cultural Development 2,500
Bio Girls - 3 Power of Two Donation


4225 38th St S Suite 202
Fargo,ND58104 		  PC Community Civic & Cultural Development 750
International Music Camp


111 11th Ave SW Suite 3
Minot,ND58701 		  PC Education 2,500
Marketplace for Kids Inc


106 Mathews St
Mantador,ND58058 		  PC Education 2,500
NDSU Society of Women Engineers


PO Box 6050 Dept 2837
Fargo,ND58108 		  PC Education 500
Theodore Roosevelt Presidential Lib


350 3rd Ave
Medora,ND58645 		  PC Education 50,000
Washburn Public School District


PO Box 280
Washburn,ND58577 		  GOV Education 10,000
Lake Region Community College Devil


1801 College Drive N
Devils Lake,ND58301 		  GOV Education 3,000
North Dakota State College of Scien


800 Sixth Street North
Wahpeton,ND58076 		  GOV Education 500
North Dakota State University NDSU


1241 N University Dr
Fargo,ND58105 		  GOV Education 8,000
University of North Dakota UND


3501 University Ave Stop 8157
Grand Forks,ND58202 		  GOV Education 10,000
Lake Region Anglers Association


PO Box 456
Devils Lake,ND58301 		  PC Environmental 250
Farm Rescue


PO BOX 28
Horace,ND58047 		  PC Environmental 5,000
Jamestown Regional Medical Center


2422 20th St SW
Jamestown,ND58401 		  PC Health & Human Services 5,000
Beulah Fire Department


100 7th St NE
Beulah,ND58523 		  PC Health & Human Services 250
Wahpeton Fire Department


204 5th street south
Wahpeton,ND58075 		  PC Health & Human Services 1,000
Bottineau Fire Department


115 6th Street West
Bottineau,ND58318 		  PC Health & Human Services 500
National Ski Patrol System Inc


133 S Van Gordon St Suite 100
Lakewood,CO80228 		  NC Health & Human Services 1,000
Mapleton Volunteer Fire Department


651 2nd St
Mapleton,ND58059 		  PC Health & Human Services 4,030
Jamestown Rural Fire Department


1209 9th St SE
Jamestown,ND58401 		  PC Health & Human Services 15,000
Good Samaritan Health Services Foun


800 S Main Ave
Rugby,ND58368 		  PC Health & Human Services 30,000
Richland Wilkin Food Shelf


699 8th Ave S
Wahpeton,ND58075 		  PC Health & Human Services 2,500
Hope Center Food Shelf


313 3rd St NE
Devils Lake,ND58301 		  PC Health & Human Services 2,500
Community Action Food Shelf


2105 Lee Ave
Bismarck,ND58504 		  PC Health & Human Services 1,000
Pierce County Food Shelf


203 SW 4th St
Rugby,ND58368 		  PC Health & Human Services 5,000
Rural Cass County Emergency Food Pa


PO BOX 392
Casselton,ND58012 		  PC Health & Human Services 1,000
Garrison Food Pantry


71 Main St S Ste B
Garrison,ND58540 		  PC Health & Human Services 2,500
Wilton Food Pantry


42 Dakota Ave
Wilton,ND58579 		  PC Health & Human Services 1,000
Community Action Partnership Jamest


1417 12th Ave NE
Jamestown,ND58401 		  PC Health & Human Services 5,000
Carrington's Daily Bread


875 Main St
Carrington,ND58421 		  PC Health & Human Services 1,000
Ransom County Food Pantry


507 Forest St
Lisbon,ND58054 		  PC Health & Human Services 1,000
NationalSki Patrol System Inc Andes


4505 Andes Rd SW
Kensington,MN56343 		  PC Health & Human Services 1,000
Dakota Childrens Advocacy Center


1800 E Broadway Ave
Bismarck,ND58501 		  PC Health & Human Services 2,500
Lake Region Ambulance Service


P O Box 893
Devils Lake,ND58301 		  PC Health & Human Services 5,000
Anne Carlsen Center


701 3rd St NW
Jamestown,ND58402 		  PC Health & Human Services 20,000
Oakes Rural Fire District


406 Ivy Avenue
Oakes,ND58474 		  GOV Health & Human Services 5,000
Dakota College at Bottineau


105 Simrall Blvd
Bottineau,ND58318 		  PC Health & Human Services 9,000
McHenry County Sheriff's Office


407 Main St S 303
Velva,ND58788 		  GOV Health & Human Services 1,000
Children's Miracle Network


PO BOX 2010
Fargo,ND58122 		  PC Health & Human Services 3,000
Sisston Youth Baseball Association


415 E Cherry St
Sisseton,SD57262 		  PC Community Civic & Cultural Development 10,000
Town of Claire City


PO Box 84
Claire City,SD57224 		  GOV Community Civic & Cultural Development 3,000
Milbank Ball Diamond


47873 152nd St
Milbank,SD57252 		  PC Community Civic & Cultural Development 5,000
Britton Baseball and Softball Inc


PO Box 559
Britton,SD57430 		  PC Community Civic & Cultural Development 5,000
Wilmont School District


800 Ordway St
Wilmot,SD57279 		  GOV Education 5,000
South Dakota State University SDSU


815 Medary Ave
Brookings,SD57007 		  GOV Education 6,300
Astoria Volunteer Fire Dept


PO Box 113
Astoria,SD57213 		  NC Environmental 10,000
Wilmot Volunteer Fire Department


PO Box 70
Wilmot,SD57279 		  N A Health & Human Services 500
Kingsbury County Food Pantry


221 Calumet Ave SW
De Smet,SD57231 		  PC Health & Human Services 1,000
Marshall County Food Pantry


909 Main St
Britton,SD57430 		  PC Health & Human Services 1,000
Grant County Food Pantry


210 E 5th Ave
Milbank,SD57252 		  GOV Health & Human Services 5,000
SWO Food Pantry


45672 Veterans Memorial Dr
Sisseton,SD57262 		  GOV Health & Human Services 1,000
Sanford Health Foundation of Northe


PO Box 5039
Sioux Falls,SD57117 		  PC Health & Human Services 10,000
Northeast SD Community Action Progr


104 Ash Street East
Sisseton,SD57262 		  PC Health & Human Services 2,500
Total .................................right arrow 3a 668,440
bApproved for future payment
Jamestown Fine Arts Association

115 2nd Street SW
Jamestown,ND58401 		  PC To assist in the purchase and remodeling of a new space for The Arts Center through a Capital Campaign. Committed to pay $15,000 in 2024. 0
American Legion Post 181

PO Box 31
Lake Park,MN56554 		  NC Rebuild project for the American Legion POST 181 Lake Park MN Committed to pay $10,000 in 2024. 0
Ramsey County Fair Foundation

8545 48th St NE
Devils Lake,ND58301 		  PC Construction of the multi purpose event center. Committed to pay $15,000 in 2024. 0
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....   0 14 101,676 0
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		  0 18 -135 0
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 101,541 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
101,541
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID: 23017649
Software Version: V2.0


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2023
Name of the organization
OTTER TAIL POWER COMPANY FOUNDATION
 
Employer identification number

83-2710944
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
OTTER TAIL POWER COMPANY FOUNDATION
  		Employer identification number
83-2710944
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
Otter Tail Power Company
 
215 South Cascade Street
 
Fergus Falls, MN56537

$ 1,300,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
Otter Tail Corporation
 
215 South Cascade Street
 
Fergus Falls, MN56538

$ 1,000,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
OTTER TAIL POWER COMPANY FOUNDATION
  		Employer identification number

83-2710944
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
OTTER TAIL POWER COMPANY FOUNDATION
  		Employer identification number

83-2710944
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2023)
Additional Data


Software ID:  
Software Version:  

TY 2023 AccountingFeesSchedule
Name:
OTTER TAIL POWER COMPANY FOUNDATION
EIN:
83-2710944
Software ID:
23017649
Software Version:
V2.0
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Tax Filing Fees 245 85 0 160

TY 2023 InvestmentsCorpBondsSchedule
Name:
OTTER TAIL POWER COMPANY FOUNDATION
EIN:
83-2710944
Software ID:
23017649
Software Version:
V2.0
Name of Bond End of Year Book Value End of Year Fair Market Value
GUGGENHEIM TOTAL RETURN BOND FUND 226,544 226,544
METROPOLITAN WEST T/R BOND FD 225,205 225,205
PIMCO MORTAGE OPPORTUNITIES & BOND 224,540 224,540
WESTERN ASSET CORE PLUS BOND 189,484 189,484
ISHARES GOLD TRUST 28,531 28,531
ISHARES BARCLAYS TIPS BOND FUND 20,531 20,531

TY 2023 InvestmentsCorpStockSchedule
Name:
OTTER TAIL POWER COMPANY FOUNDATION
EIN:
83-2710944
Software ID:
23017649
Software Version:
V2.0
Name of Stock End of Year Book Value End of Year Fair Market Value
INVESCO S&P 500 608,003 608,003
ISHARES CORE S&P 500 481,929 481,929
ISHARES MSCI USA 601,950 601,950
PRINCIPAL MIDCAP FUND 198,051 198,051
UNDISCOVERED MGRS BEHAVR VALUE FUND 201,340 201,340
GOLDMAN SACHS INTL EQUITY INSIGHTS FUND 234,259 234,259
GQG PARTNERS EMERGING MKTS EQUITY 108,472 108,472
JOHCM INTERNATIONAL SELECT 118,880 118,880
RBC EMERGING MARKETS EQUITY FUND 91,237 91,237
NEUBERGER BERMAN EMERG MKTS EQTY 0 0
VANGUARD FTSE DEV MKTS 145,329 145,329
VANGUARD FTSE EMERGING MKTS 0 0
LAZARD GLOBAL LISTED INFRASTR PT 31,396 31,396
GMO RESOURCES FUND 23,035 23,035
BLACKROCK SYSTEMATIC MULT-STRAT 25,668 25,668
JPMORGAN HEDGED EQUITY FUND 28,026 28,026
MERGER FUND 25,466 25,466
PIMCO TRENDS MANAGED FUTURES STRAT FD 23,368 23,368

TY 2023 InvestmentsGovtObligationsSch
Name:
OTTER TAIL POWER COMPANY FOUNDATION
EIN:
83-2710944
Software ID:
23017649
Software Version:
V2.0
US Government Securities - End of Year Book Value:

219,475
US Government Securities - End of Year Fair Market Value:

219,475
State & Local Government Securities - End of Year Book Value:


0
State & Local Government Securities - End of Year Fair Market Value:


0


TY 2023 OtherIncreasesSchedule
Name:
OTTER TAIL POWER COMPANY FOUNDATION
EIN:
83-2710944
Software ID:
23017649
Software Version:
V2.0
Description Amount
Unrealized Gain from Investment KPB 390,780


TY 2023 OtherProfessionalFeesSchedule
Name:
OTTER TAIL POWER COMPANY FOUNDATION
EIN:
83-2710944
Software ID:
23017649
Software Version:
V2.0
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Investment Management Fees 14,138 14,138 0 0


TY 2023 SubstantialContributorsSch
Name:
OTTER TAIL POWER COMPANY FOUNDATION
EIN:
83-2710944
Software ID:
23017649
Software Version:
V2.0
Name Address
Otter Tail Corporation 215 South Cascade Street
Fergus Falls,MN56538


TY 2023 TaxesSchedule
Name:
OTTER TAIL POWER COMPANY FOUNDATION
EIN:
83-2710944
Software ID:
23017649
Software Version:
V2.0
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Foreign Tax Paid on Dividends 1,578 1,578 0 0
Excise Tax 477 0 0 0