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
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
Name of foundation
Otter Tail Power Company Foundation
 
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)

(218) 739-8758
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$5,214,191J Accounting method:
Modified Cash Basi
(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) 1,500,000
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 127,085 127,085  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 130,340
b Gross sales price for all assets on line 6a 1,179,222
7 Capital gain net income (from Part IV, line 2)... 130,340
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........ 1,757,425 257,425  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
20,449 20,449   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
2,394 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
20,695 0   195
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 43,538 20,449   195
25 Contributions, gifts, grants paid....... 866,863 866,863
26 Total expenses and disbursements. Add lines 24 and 25 910,401 20,449   867,058
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 847,024
b Net investment income (if negative, enter -0-) 236,976
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
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.............      
2 Savings and temporary cash investments.........      
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
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..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 219,475 Click to see attachment
List of Attached Documents:
// Content
263,281 		263,280
b Investments—corporate stock (attach schedule)....... 2,946,409 Click to see attachment
List of Attached Documents:
// Content
3,872,847 		3,872,847
c Investments—corporate bonds (attach schedule)....... 914,835 Click to see attachment
List of Attached Documents:
// Content
1,078,064 		1,078,064
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
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) 4,080,719 5,214,192 5,214,191
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
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........... 4,080,719 4,736,692
25 Net assets with donor restrictions............   477,500
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)..... 4,080,719 5,214,192
30 Total liabilities and net assets/fund balances (see instructions). 4,080,719 5,214,192
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
4,080,719
2
Enter amount from Part I, line 27a .....................
2
847,024
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
286,449
4
Add lines 1, 2, and 3 ..........................
4
5,214,192
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
5,214,192
Form 990-PF (2024)
Form 990-PF (2024)
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 Publicily traded Securities      
b Capital Gains Dividends P    
c
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 1,157,284   1,048,882 108,402
b 21,938     21,938
c
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       108,402
b       21,938
c
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 2 130,340
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  
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 3,294
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 3,294
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 3,294
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 1,500
b Exempt foreign organizations—tax withheld at source...... 6b 0
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 1,500
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 109
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 1,903
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 2025 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2024)
Form 990-PF (2024)
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 2024 or the taxable year beginning in 2024? 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 arrowwww.otpco.com
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 arrow565372801
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 2024, 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 (2024)
Form 990-PF (2024)
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)
Yes
 
(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
 
No
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 2024? .............
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 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
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 2024 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 2024.) .....................
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 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
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)
Yes
 
(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
Yes
 
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
 
 
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 S Cascade St
Fergus Falls,MN565372801
Cary Stephenson Vice President
0.25 		0 0 0
215 S Cascade St
Fergus Falls,MN565372801
Steve Schoeneck Vice President
0.25 		0 0 0
215 S Cascade St
Fergus Falls,MN565372801
Rebecca Michael Secretary
1.50 		0 0 0
215 S Cascade St
Fergus Falls,MN565372801
Janelle Johnson Treasurer
0.25 		0 0 0
215 S Cascade St
Fergus Falls,MN565372801
Heather Johnson Assistant Treasurer
0.25 		0 0 0
215 S Cascade St
Fergus Falls,MN565372801
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 0
Form 990-PF (2024)
Form 990-PF (2024)
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 arrow0
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 arrow0
Form 990-PF (2024)
Form 990-PF (2024)
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
5,151,305
b
Average of monthly cash balances.......................
1b
0
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
5,151,305
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
5,151,305
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
77,270
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
5,074,035
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
253,702
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
253,702
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
3,294
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
3,294
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
250,408
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
250,408
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
250,408
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 ..........
1a
867,058
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
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
867,058
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7 250,408
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019...... 297,410
b From 2020...... 330,204
c From 2021...... 465,102
d From 2022...... 464,872
e From 2023...... 495,565
f Total of lines 3a through e ........ 2,053,153
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 867,058
a Applied to 2023, 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 2024 distributable amount..... 250,408
e Remaining amount distributed out of corpus 616,650
5 Excess distributions carryover applied to 2024. 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 2,669,803
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 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		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 2019 not
applied on line 5 or line 7 (see instructions) ... 		297,410
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		2,372,393
10 Analysis of line 9:
a Excess from 2020.... 330,204
b Excess from 2021.... 465,102
c Excess from 2022.... 464,872
d Excess from 2023.... 495,565
e Excess from 2024.... 616,650
Form 990-PF (2024)
Form 990-PF (2024)
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 2024, 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) 2024 (b) 2023 (c) 2022 (d) 2021
         
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 if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
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 Otter Tail Power Company Foundation application and information 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 aboutus foundation grant-application-process.
Form 990-PF (2024)
Form 990-PF (2024)
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

4-H of Big Stone County

11 SE 2nd Street
Ortonville,MN56278 		N/A PC General Operations 250

Alexandria Technical and Community College Foundation

2761 12 Ave S
Fargo,ND58103 		N/A PC General Operations 250

American Heart Association

7272 Greenville Ave
Dallas,TX75231 		N/A PC General Operations 129

Apostolic Christian Church Morris North dba Sharing Love and Hope

307 6th St
Edgeley,ND58433 		N/A PC General Operations 2,000

Argyle Parks & Recreation

PO Box 288
Argyle,MN56713 		N/A PC General Operations 1,000

Ashby Legacy Fund

699 8th Ave S
Wahpeton,ND58075 		N/A PC General Operations 1,000

Ashby Public School

712 S Cascade St
Fergus Falls,MN56537 		N/A GOV ArrowBot Team 8878 2,500

Band of Brothers Outdoors

3217 361st St
Foxhome,MN56543 		N/A PC General Operations 250

Battle Lake Youth Sports Association

21280 Westwood Drive
Clitherall,MN56524 		N/A PC General Operations 500

BIO Girls

4225 38th St S
Fargo,ND58104 		N/A PC General Operations 500

BIO Girls

PO Box 00434
Fergus Falls,MN56538 		N/A PC General Operations 250

Bismarck State College Foundation

PO Box 05587
Bismarck,ND585065587 		N/A PC General Operations 11,000

Bottineau Fire Department

PO Box 81
Bottineau,ND58318 		N/A PC General Operations 500

Bottineau Fire Department

304 5th St S
Wahpeton,ND58075 		N/A PC General Operations 250

Bulldog Booster Club

8700 37th ST SE
Jamestown,ND58401 		N/A PC General Operations 750

BW Blades Youth Hockey Association

PO Box 145
Breckenridge,MN56520 		N/A PC General Operations 250

Canby Wrestling Boosters INC

2168 190TH AVE
Canby,MN56220 		N/A PC General Operations 250

Casselton Parks and Recreation

302 6th Avenue South PO Box 97
Casselton,ND58012 		N/A PC General Operations 250

Castlewood Community Foundation

PO Box 263
Castlewood,SD57223 		N/A PC General Operations 5,000

Central Cass Public Schools

802 5th St N
Casselton,ND58012 		N/A GOV Baseball Field Project 10,000

Central Cass Treehouse

PO Box 184
Wahpeton,ND58074 		N/A PC General Operations 2,000

Childrens Dental Services

636 Broadway St NE
Minneapolis,MN55413 		N/A PC General Operations 2,500

City of Dumont

5791 650 Ave
Dumont,MN56236 		N/A GOV To obtain new turn out gear for the fire department. 2,500

City of Fergus Falls

112 W Washington Ave
Fergus Falls,MN56758 		N/A GOV Riverfront Development in Fergus Falls 50,000

City of Kennedy

PO Box 7
Kennedy,MN58103 		N/A GOV Baseball Field lighting updates 2,500

City of Marietta

PO Box 123
Marietta,MN56257 		N/A GOV Construction of a handicap accessible community center in Marietta, MN. 5,000

City of New York Mills

PO Box H 28 Centennial 84 Dr W
New York Mills,MN56601 		N/A GOV Repairs to Community Pool 2,000

City of Sunburg

211 Isola Street PO Box 84
Sunburg,MN58054 		N/A GOV Backboard units and pagers for the Sunburg, MN Ambulance Service 525

City of Sunburg

211 Isola St
Sunburg,MN56289 		N/A GOV Purchase of a Ferno Stretcher and "Stair-Chair" for the Sunburg Ambulance Service 2,500

Clear Lake Area Development

310 1/2 3rd Ave S
Clear Lake,SD57226 		N/A PC General Operations 1,000

Community of Care

PO Box 73
Casselton,ND58012 		N/A PC General Operations 1,000

Concordia Language Villages Passport Fund

901 8th St S
Moorhead,MN56562 		N/A PC General Operations 250

Crookston Farmers Market

1512 Cedar Court
Crookston,MN56716 		N/A PC General Operations 500

Cub Scout Pack 318

24444 230th Ave
Elbow Lake,MN56531 		N/A PC General Operations 1,000

Cub Scout Pack 318

24444 230th Ave
Elbow Lake,MN56531 		N/A PC General Operations 250

Dakota College at Bottineau

105 Simrall Blvd
Bottineau,ND58318 		N/A PC General Operations 3,000

De Smet Community Foundation Concert Series

PO Box 42
De Smet,SD57231 		N/A PC General Operations 1,000

Devils Lake Park Board

PO Box 446
Devils Lake,ND56201 		N/A GOV Fund for a Family Entertainment Center in Devils Lake 10,000

Devils Lake Volunteer Fire Department

621 College Drive North
Devils Lake,ND58301 		N/A PC General Operations 250

Devils Lake Volunteer Fire Department

621 College Drive
Devils Lake,ND58301 		N/A PC General Operations 250

Dickey County

PO Box 215
Ellendale,ND56289 		N/A GOV Concrete to build a picnic shelter on 1,000

Dough 4 Joe

PO Box 672
Fergus Falls,MN56537 		N/A PC General Operations 250

Edgeley Public School

1002 43rd St S
Fargo,ND58103 		N/A GOV The new Career Academy construction project 25,000

Fellowship of Christian Athletes

300 Birch Ave
Ashby,MN56309 		N/A PC General Operations 1,000

Fergus Area College Foundation

1414 College Way
Fergus Falls,MN56537 		N/A PC General Operations 2,000

Fergus Falls Area Dollars for Scholars

318 17th Avenue East
Alexandria,MN56308 		N/A PC General Operations 250

Fergus Falls Area Dollars for Scholars

601 Randolph Ave
Fergus Falls,MN56537 		N/A PC General Operations 250

Fergus Falls Area Habitat for Humanity Affiliate Inc

1000 Western Avenue
Fergus Falls,MN56537 		N/A PC General Operations 250

Fergus Falls Area Youth Football Association

630 W Birch Ave
Fergus Falls,MN56537 		N/A PC General Operations 250

Fergus Falls Backcourt Club

PO Box 361
Fergus Falls,MN56537 		N/A PC General Operations 250

Fergus Falls Backcourt Club

PO Box 361
Fergus falls,MN56537 		N/A PC General Operations 250

Fergus Falls Concert Association

PO Box 711
Fergus Falls,MN56537 		N/A PC General Operations 250

Fergus Falls Concert Association

PO Box 711
Fergus Falls,MN565380711 		N/A PC General Operations 250

Fergus Falls Fish & Game Club

4225 38th St S Ste 202
Fargo,ND58104 		N/A PC General Operations 250

Fergus Falls High School

601 Randolph Ave
Fergus Falls,MN56537 		N/A GOV FRC Team 3293 2,500

Fergus Falls Hockey Association

PO Box 691
Fergus Falls,MN56537 		N/A PC General Operations 250

Fergus Falls Junior Rifle Club

508 West Adolphus Avenue
Fergus Falls,MN56537 		N/A PC General Operations 250

Fergus Falls Police Department

122 W Junius
Fergus Falls,MN56537 		N/A GOV Shop with a Hero Program 250

Fergus Falls Public Library Foundation

PO Box 00081
Bottineau,ND58318 		N/A PC General Operations 250

Fergus Falls Salvation Army

622 E Vernon Ave
Fergus Falls,MN56537 		N/A PC General Operations 250

Fergus Falls Salvation Army

622 Vernon Ave
Fergus Falls,MN56537 		N/A PC General Operations 2,500

Fergus Falls Sertoma Club

PO Box 621
Fergus Falls,MN56537 		N/A PC General Operations 250

Fergus Falls Softball

14757 310th Ave
Fergus Falls,MN56324 		N/A PC General Operations 250

Fergus Falls Wrestling Club Inc

1220 North Tower Road
Fergus Falls,MN56537 		N/A PC General Operations 250

Fergus Falls Wrestling Club Inc

1220 North Tower Rd
Fergus Falls,MN56537 		N/A PC General Operations 250

Fergus Falls Youth Archery

23745 Highland Trl
Fergus Falls,MN56537 		N/A PC General Operations 500

Fergus Falls Youth Baseball

PO Box 1071
Fergus Falls,MN565381071 		N/A PC General Operations 250

Fergus Falls Youth Baseball

PO Box 1071
Fergus Falls,MN56537 		N/A PC General Operations 250

Fergus Falls Youth Football Association

630 N Birch Ave
Fergus Falls,MN56537 		N/A PC General Operations 250

Firemens Relief Association of Rothsay

108 2nd St NW
Rothsay,MN56579 		N/A PC General Operations 250

First Lutheran Church of Battle Lake

327 Havana Ave W
Havana,ND58043 		N/A PC General Operations 1,000

Foundation for Innovation in Education

1420 East College Dr
Marshall,MN56258 		N/A PC General Operations 1,000

Friberg 4H Club

30150 County Hwy 43
Erhard,MN56534 		N/A PC General Operations 250

Friends of the Prairie Wetlands Learning Center (PWLC)

500 School Ave
Henning,MN56551 		N/A PC General Operations 1,000

Girl Scouts Dakota Horizons

PO Box 483
Casselton,ND58012 		N/A PC General Operations 1,000

Glendalough State Park Citizens Advisory Committee

PO Box 901
Battle Lake,MN565150901 		N/A PC General Operations 25,000

Golden Valley Rural Fire Protection District

110 1st Ave SW
Golden Valley,ND58541 		N/A PC General Operations 250

Good Samaritan Health Services Foundation

800 S Main Ave
Rugby,ND583682118 		N/A PC General Operations 30,000

Grant County Humane Society

1015 MN-79
Elbow Lake,MN56537 		N/A PC General Operations 250

Grant County Humane Society

1015 MN-79
Elbow Lake,MN56531 		N/A PC General Operations 250

Greater Bemidji

610 2nd Ave NE
East Grand Forks,MN56721 		N/A PC General Operations 60,000

Greater Fergus Falls

101 W Lincoln
Fergus Falls,MN56537 		N/A PC General Operations 250

Greater Fergus Falls

101 West Lincoln
Fergus Falls,MN56537 		N/A PC General Operations 250

Gwinner First Responders Association

4 1st St SE
Gwinner,ND58040 		N/A PC General Operations 2,500

Hack Club Foundation- Bemidji FIRST Lego League

PO Box 215
Ellendale,ND58436 		N/A PC General Operations 2,500

Hallock Youth Hockey

163 3rd Street North
Hallock,MN56728 		N/A PC General Operations 250

Harvey Ambulance Service

PO Box 4
Harvey,ND58341 		N/A PC General Operations 500

Harvey Kiwanis

PO Box 245
Harvey,ND58341 		N/A PC General Operations 250

Harvey Volunteer Fire Department

PO Box 3
Harvey,ND58341 		N/A PC General Operations 750

Havana Community Club

104 2nd St
Marion,ND58466 		N/A PC General Operations 1,000

Hazen Fire & Rescue

502 7th St NE
Hazen,ND58545 		N/A PC General Operations 500

Health Resources Center

126 E Lincoln Ave
Fergus Falls,MN56537 		N/A PC General Operations 250

Health Resources Center

126 E Lincoln Ave
Fergus Falls,MN56537 		N/A PC General Operations 250

Health Resources Center

126 E Lincoln Ave
Fergus Falls,MN56537 		N/A PC General Operations 250

Health Resources Center

126 East Lincoln
Fergus Falls,MN56537 		N/A PC General Operations 250

Hendricks Motorcycle Riders

PO Box 172
Hendricks,MN56136 		N/A PC General Operations 250

Henning Public School

604 Irving St
Alexandria,MN56308 		N/A GOV Library Update Project 3,000

Highland Elementary Inclusive Playground Committee

801 Central Ave
Crookston,MN567162622 		N/A PC General Operations 10,000

Holmes City First Responders

PO Box 1C
Farwell,MN56327 		N/A PC General Operations 1,000

Horizon Cancer Team

13678 468th Ave
Wilmot,SD57279 		N/A PC General Operations 250

Humane Society of Otter Tail County

1933 W Fir Ave
Fergus Falls,MN56537 		N/A PC General Operations 250

Humane Society of Otter Tail County

PO Box 00221
Fergus Falls,MN56537 		N/A PC General Operations 200

Humane Society of Otter Tail County

1933 W Fir Ave
Fergus Falls,MN56538 		N/A PC General Operations 250

International Music Camp

111 11th Ave SW
Minot,ND58701 		N/A PC General Operations 2,500

ISD 544 Foundation

601 Randolph Ave
Fergus Falls,MN56537 		N/A PC General Operations 500

James River Humane Society

1933 West Fir Ave
Fergus Falls,MN56537 		N/A PC General Operations 250

Jamestown Fine Arts Association Inc

115 2nd St SW
Jamestown,ND58401 		N/A PC General Operations 15,000

Jamestown Parks and Recreation Foundation Inc

1002 2nd Ave SE
Jamestown,ND584015504 		N/A PC General Operations 10,000

Jamestown Regional Medical Center

2422 20th St SW
Jamestown,ND58401 		N/A PC General Operations 5,000

Jamestown Regional Medical Center Foundation

2422 20th St SW
Jamestown,ND58401 		N/A SO I General Operations 50

Jamestown Rual Fire department

1209 9th St SE
Jamestown,ND584022220 		N/A PC General Operations 250

Jamestown Rural Fire Department

1209 9th St SE
Jamestown,ND584014937 		N/A PC General Operations 10,000

Junior Rifle Club

508 West Adolphus Avenue
Fergus Falls,MN56537 		N/A PC General Operations 250

Kittson County Volunteer Ambulance Service

PO Box 700
Hallock,MN56728 		N/A PC General Operations 5,000

Knights Wrestling Boosters

301 Cty Rd 2
Barrett,MN56311 		N/A PC General Operations 250

Lake Benton Area Foundation

304 Lakeview St S
Lake Benton,SD56149 		N/A PC General Operations 5,000

Lake Norden Fire Department

PO Box 104
Lake Norden,SD57248 		N/A PC General Operations 250

Lake Region Anglers Association

PO Box 456
Devils Lake,ND58301 		N/A PC General Operations 250

Lake Region Healthcare Foundation

32256 Co Hwy 21
Rothsay,MN56579 		N/A PC General Operations 50,000

Lake Region Pioneer Threshermens Association

PO Box 752
Dalton,MN56324 		N/A PC General Operations 100

Lake Region State College

1801 College Drive N
Devils Lake,ND583011598 		N/A PC General Operations 2,000

Langdon Area Hockey

9295 104th Ave NE
Langdon,ND58249 		N/A PC General Operations 250

Langdon Area Hockey

1801 11th Ave NE
Langdon,ND58249 		N/A PC General Operations 250

Langdon Fire & Rescue

PO Box 336
Langdon,ND58249 		N/A PC General Operations 250

Langdon Prairie Health Foundation

909 Second St
Langdon,ND58249 		N/A PC General Operations 1,500

Lisbon Fire department

1401 Elm St
Lisbon,ND58054 		N/A PC General Operations 500

Lisbon Fire department

1401 Elm St
Lisbon,ND58054 		N/A PC General Operations 250

Litchville-Marion School District

412 2nd Ave Ne
Jamestown,ND58401 		N/A PC General Operations 3,000

Little Hoop Cankdeska Cikana Community College

214 1st Ave
Fort Totten,ND58335 		N/A PC General Operations 1,000

Ludden Outdoorsmen & Youth Habitat

901 Burlwood Dr
Oakes,ND58474 		N/A PC General Operations 250

Manvel Community Center

PO Box 63
Manvel,ND58256 		N/A PC General Operations 1,941

Manvel Park Board

PO Box 145
Manvel,ND58256 		N/A PC General Operations 2,500

Mapleton Volunteer Fire Department

651 2nd St
Mapleton,ND58059 		N/A GOV Purchase of a multi gas detectors 1,190

Marketplace of IdeasMarketplace for Kids Inc

106 Mathews St
Mantador,ND580580009 		N/A PC General Operations 2,500

Matthew House

PO Box 91
Fergus Falls,MN56538 		N/A PC General Operations 1,500

Middle River Legacy Committee

PO Box 27
Middle River,MN56737 		N/A PC General Operations 2,500

Milbank Ball Diamond

505 Holdt St W
Battle Lake,MN56515 		N/A PC General Operations 5,000

Milbank Fire Rescue

301 East 4th Ave
Milbank,SD57252 		N/A PC General Operations 500

Milbank Volunteer Fire Department

301 E 4th Ave
Milbank,SD57252 		N/A PC General Operations 250

Minnesota Deer Hunters Association Fergus Falls Chapter

1811 E Fir Ave
Fergus Falls,MN56537 		N/A PC General Operations 250

Minnesota State Community & Technical College (Wadena)

405 Colfax Ave SW
Wadena,MN56482 		N/A PC General Operations 9,000

Minnesota State High School Clay Target League

PO Box 101
Fergus Falls,MN56537 		N/A PC Fergus Falls Clay Busters Trap Team 250

Minnesota West Foundation

PO Box 00269
Jackson,MN56143 		N/A PC General Operations 9,000

Mitchell Technical Institute

1800 East Spruce Street
Mitchell,SD57301 		N/A PC General Operations 11,000

MN State High School Trap League

6533 County Road 87 SE
Alexandria,MN56308 		N/A PC General Operations 250

Munich Public School District #19

PO Box 39
Munich,ND58352 		N/A GOV New Playground Structure 2,500

Neche Park District

PO Box 177
Neche,ND58265 		N/A PC General Operations 10,000

New Rockford Area Betterment Corporation

117 1st St S
New Rockford,ND58356 		N/A PC General Operations 25,000

North Country Food Bank

8034 Hwy 32
Gwinner,ND58040 		N/A PC General Operations 1,500

North Dakota State College of Science Automotive Technology Department

800 North Sixth St
Wahpeton,ND580760001 		N/A PC General Operations 3,200

North Dakota State College of Science Foundation

800 Sixth Street North
Wahpeton,ND58076 		N/A PC General Operations 2,000

Northeast South Dakota Community Action Program Inc dba GROW South Dakota

104 Ash Street East
Sisseton,SD57270 		N/A PC General Operations 5,000

Northern Lights Arts Council

PO Box 162
Langdon,ND58249 		N/A PC General Operations 1,000

Northern Lights Council Boy Scouts of America

PO Box 227
Sawyer,ND58781 		N/A PC General Operations 1,000

Northern Minnesota Robotics Conference (NMRC)

PO Box 416
Bemidji,MN56619 		N/A PC General Operations 2,500

Northern Pines Stables

600 31st Ave SW
Minot,ND58701 		N/A PC General Operations 2,500

Northwest Technical College Foundation

201 3rd Street NW
Bemidji,MN56601 		N/A PC General Operations 2,000

Oakes Rural Fire District

1011 11th Ave NE
East Grand Forks,MN56721 		N/A GOV Construction of a new fire hall 5,000

OneChild Global DBA OneChild

PO Box 62600
Colorado Springs,CO80962 		N/A PC General Operations 250

OTC Wrestling Boosters

210 East St S
Underwood,MN56586 		N/A PC General Operations 250

Otter Tail County Historical Society

1110 Lincoln Ave W
Fergus Falls,MN56537 		N/A PC General Operations 250

Our Lady of Victory School Home and School Association

426 West Cavour
Fergus Falls,MN56537 		N/A PC General Operations 200

Parkers Prairie Independent School District #547

PO Box 46
Parkers Prairie,MN57263 		N/A GOV Baseball and Football field update 5,000

Perham Area Community Center

502 Minnesota Ave NW
Bemidji,MN56601 		N/A PC General Operations 20,000

PioneerCare

1131 S Mabelle
Fergus Falls,MN56537 		N/A PC General Operations 250

PioneerCare Foundation

1131 Mabelle Ave S
Fergus Falls,MN56537 		N/A PC General Operations 60,000

Ramsey County Fair Foundation

8545 48th St NE
Devils Lake,ND583019557 		N/A PC General Operations 15,000

Ransom County Fair Association

PO Box 301
Ashby,MN56309 		N/A PC General Operations 25,000

Red Lake Falls Blue Line Club

PO Box 312
Red Lake Falls,MN56750 		N/A PC General Operations 250

Red Lake Falls Independent School District #630

PO Box 399
Red Lake Falls,MN56750 		N/A GOV Update to School's softball complex - dugouts/picnic shelter/storage 5,000

Re-Use-It Thrift Store

225 East Main PO Box 67
Perham,MN56573 		N/A PC General Operations 250

Richland-Wilkin Emergency Food Pantry

PO Box 153
Wyndmere,ND58081 		N/A PC General Operations 1,500

Riverside Christian School - Robotics Club

602 State Hwy 210 E
Fergus Falls,MN565374217 		N/A PC General Operations 2,000

Riverside Park Playground Renovation

PO Box 246
Red Lake,MN56750 		N/A PC General Operations 2,500

Rotary International (Rotary of Fergus Falls Noon)

1506 Viking Ct
Fergus Falls,MN56537 		N/A PC General Operations 250

Rothsay Baptist Church

122 2nd Street NW
Rothsay,MN56579 		N/A PC General Operations 200

Rothsay Baseball Initiative

112 W Washington Ave
Fergus Falls,MN56537 		N/A PC General Operations 2,000

Rothsay Community Fund (Rothsay Areawide EDA)

PO Box 318
Fergus Falls,MN56537 		N/A PC General Operations 250

Ruby's Pantry

5833 Pecan Street
North Brand,MN55056 		N/A PC General Operations 250

Rugby Public School

1123 Main Ave South
Rugby,ND58368 		N/A GOV Rugby Fastpitch Softball Field Construction 10,000

Rugby volunteer fire department

1410 Highway 3 S
Rugby,ND58368 		N/A PC General Operations 250

RUSC Kinship Mentoring

215 Atlantic Ave
Morris,MN56267 		N/A PC General Operations 2,500

SIC (Sawyer Improvement Committee)

PO Box H
New York Mills,MN56567 		N/A PC General Operations 1,500

Safe Shelter

PO Box 1934
Jamestown,ND58402 		N/A PC General Operations 1,000

Sakakawea Fence Stretchers Inc Trail Assoc

PO Box 421
Garrison,ND58540 		N/A PC General Operations 250

Sanford Health Foundation of Northern Minnesota

1300 Anne St
Bemidji,MN56601 		N/A PC General Operations 250

Sanford Health Foundation of Northern Minnesota

406 Ivy Ave
Oakes,ND58474 		N/A PC General Operations 10,000

Sargent County Historical Society

620 3rd Ave SE
Perham,MN56573 		N/A PC General Operations 5,000

Science from Scientists Inc

9001 East Bloomington Frwy
Bloomington,MN55420 		N/A PC General Operations 2,500

Sheridan County 4-H Council

PO Box 439
McClusky,ND58463 		N/A PC General Operations 2,500

Sheridan County Food Shelf

PO Box 604
McClusky,ND58463 		N/A PC General Operations 1,500

Sheyenne GRIT

PO Box 98
Sheyenne,ND58374 		N/A PC General Operations 3,000

Sisseton Youth Baseball Association Inc

415 E Cherry St
Sisseton,SD572621521 		N/A PC General Operations 10,000

Someplace Safe Fergus Falls Advocacy Office

PO Box 815
Fergus Falls,MN56537 		N/A PC General Operations 1,500

South Dakota Farmers Union

1410 Dakota Ave S
Huron,SD57350 		N/A PC General Operations 500

South Shore Community Development

PO Box 5039
Sioux Falls,SD57117 		N/A PC General Operations 1,500

St Lawrence School

113 S 6th St
Milbank,SD57252 		N/A PC General Operations 250

St Lawrence School

113 S 6th Street
Milbank,SD57252 		N/A PC General Operations 175

Strandquist Food Shelf

6082 College Lane
Jamestown,ND58405 		N/A PC General Operations 1,500

Swan Lake Lutheran Church

18979 248th Ave
Fergus Falls,MN56538 		N/A PC General Operations 250

The Difference - A Holistic Approach

308 2nd Ave SW
Minot,ND58701 		N/A PC General Operations 2,500

Theodore Roosevelt Presidential Library

1401 E Calgary Ave
Bismarck,ND58503 		N/A PC General Operations 250

Theodore Roosevelt Presidential Library

350 Third Ave
Medora,ND58645 		N/A PC General Operations 50,000

Trail Life USA Troop MN-1977

120 1/2 W Cavour Avenue
Fergus Falls,MN56537 		N/A PC General Operations 250

TriCity United Soccer Club

3297 US Hwy 75
Breckenridge,ND56520 		N/A PC General Operations 250

Turtle Mountain Community College

10145 Bia Road 7
Belcourt,ND58316 		N/A PC General Operations 1,000

Underwood Rockets Trap Booster Club

PO Box 93
Underwood,MN56586 		N/A PC General Operations 250

Underwood Rockets Trap Boosters Club

PO Box 93
Underwood,MN56586 		N/A PC General Operations 250

Underwood School BandChoir

100 Southern Avenue East
Underwood,MN56586 		N/A PC General Operations 250

United Foundation For Disabled Archers

PO Box 251
Glenwood,MN56334 		N/A PC General Operations 250

United Way

120 E Washington Ave
Fergus Falls,MN56537 		N/A PC General Operations 20,053

United Way of Otter Tail and Wadena Counties

120 E Washington Ave
Fergus Falls,MN56537 		N/A PC General Operations 250

United Way of West Central Minnesota

47873 152nd St
Milbank,SD57252 		N/A PC General Operations 2,500

University of Jamestown

PO Box 446
Devils Lake,ND58301 		N/A PC General Operations 10,000

University of Minnesota Foundation

200 Oak St SE
Crookston,MN55455 		N/A PC General Operations 5,000

University of Minnesota Foundation Crookston

PO Box 860266
Minneapolis,MN554860266 		N/A PC General Operations 2,000

University of Minnesota Foundation Morris

600 East 4th Street
Morris,MN56267 		N/A PC General Operations 1,000

Vets R Us Inc

PO Box 33
Wendell,MN56590 		N/A PC General Operations 1,000

Wahpeton Baseball Association

411 South Otter Ave
Parkers Prairie,MN56361 		N/A PC General Operations 15,000

Wahpeton Fire Department

204 5th St S
Wahpeton,ND58075 		N/A PC General Operations 250

Wahpeton Fire Department

204 5th street s
Wahpeton,ND58075 		N/A PC General Operations 1,000

Wahpeton Fire Department

204 5th St S
Wahpeton,ND58075 		N/A PC General Operations 1,250

Wahpeton Parks and Rec

601 Randolph Ave
Fergus Falls,MN56537 		N/A PC General Operations 250

WCI Parkers Prairie Community Fund

102 N Otter Ave
Parkers Prairie,MN56361 		N/A PC General Operations 10,000

WDC Wrestling INC

PO Box 295
Wadena,MN56482 		N/A PC General Operations 250

West Central Initiative

PO Box 318
Fergus Falls,MN565380318 		N/A PC General Operations 1,000

Westhope Public School

395 Main Street
Westhope,ND58793 		N/A GOV Stem Class 2,900

Wilmot Fire Department

PO Box 70
Wilmot,SD57279 		N/A PC General Operations 250

Wilmot Fire Department

PO Box 70
Wilmot,SD57279 		N/A PC General Operations 500

Wilmot Fire Department

PO Box 70
Wilmot,SD57279 		N/A PC General Operations 250

Wyndmere Child and Adolescent Resources and Education (CARE)

102 1st St W
Bemidji,MN566014096 		N/A PC General Operations 5,000

YMCA of the Northern Sky

1164 Friberg Ave
Fergus Falls,MN56537 		N/A PC General Operations 250

Young Life of Ottertail County

1205 w Cavour Ave
Fergus Falls,MN56537 		N/A PC 3rd half program for 7-12 grade students after the varsity football/basketball program 250
Total .................................right arrow 3a 866,863
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2024)
Form 990-PF (2024)
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 ....     14 127,085  
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 ............ 		    18 130,340  
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) .. 0 257,425 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
257,425
(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 (2024)
Form 990-PF (2024)
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)
Yes
 
(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
1a(1) 1,000 Enderlin Lions Club #33009 Gift for community support.
1a(1) 250 Big Stone Co 4-H Gift for community support.
1a(1) 250 Big Stone Lake area Delta Waterfowl Gift for community support.
1a(1) 250 Breck-Wahp Swim Team Gift for community support.
1a(1) 250 Clinton Fire Department Gift for community support.
1a(1) 250 Ducks Unlimited Gift for community support.
1a(1) 250 Fergus Falls Firefighters Association Gift for community support.
1a(1) 250 Mahnomen Fire Department Gift for community support.
1a(1) 250 Otter Tail Central Baseball Gift for community support.
1a(1) 2,500 Pennock Lions Club Grant provided to regain & refurbish electrical power to the youth / city ball park in Pennock
1a(1) 250 Appleton Golf Course Gift for community support.
1a(1) 250 Bemidji Northwoods Riders Club Gift for community support.
1a(1) 250 Breck-Wahp Swim Team Gift for community support.
1a(1) 250 Elbow Lake Lions Club Grant for Cub Scout Pack 318.
1a(1) 250 Erhard 4th Of July Gift for community support.
1a(1) 250 Pheasants Forever Gift for community support.
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 Right Arrow
 Firm's EIN Right Arrow
Firm's address Right Arrow


 Phone no.
Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

right arrow Attach to Form 990, 990-EZ, or 990-PF.
right arrow Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
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
501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization


Form 990-PF
501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation
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
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 331/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Right Arrow $  
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) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025) Page 2
Name of organization
Otter Tail Power Company Foundation
  		Employer identification number
83-2710944
Part I
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

$ 1,500,000


(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.)
(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) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
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) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
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.) $  
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) (Rev. 1-2025)
Additional Data


Software ID:  
Software Version:  

TY 2024 InvestmentsCorpBondsSchedule
Name:
Otter Tail Power Company Foundation
EIN:
83-2710944
Name of Bond End of Year Book Value End of Year Fair Market Value
GUGGENHEIM TOTAL RETURN BOND FUND 258,056 258,056
JPMORGAN CORE BOND FUND 257,237 257,237
METROPOLITAN WEST T/R BOND FD 205,575 205,575
PIMCO MORTAGE OPPORTUNITIES & BOND 258,968 258,968
ISHARES GOLD TRUST 70,205 70,205
ISHARES BARCLAYS TIPS BOND FUND 28,023 28,023

TY 2024 InvestmentsCorpStockSchedule
Name:
Otter Tail Power Company Foundation
EIN:
83-2710944
Name of Stock End of Year Book Value End of Year Fair Market Value
INVESCO S&P 500 593,504 593,504
ISHARES CORE S&P 500 820,620 820,620
ISHARES MSCI USA 922,454 922,454
PRINCIPAL MIDCAP FUND 238,891 238,891
UNDISCOVERED MGRS BEHAVR VALUE FUND 233,171 233,171
GOLDMAN SACHS INTL EQUITY INSIGHTS FUND 277,761 277,761
GQG PARTNERS EMERGING MKTS EQUITY 143,229 143,229
JOHCM INTERNATIONAL SELECT 140,154 140,154
RBC EMERGING MARKETS EQUITY FUND 119,150 119,150
LAZARD GLOBAL LISTED INFRASTR PT 74,632 74,632
GMO RESOURCES FUND 60,460 60,460
BLACKROCK SYSTEMATIC MULT-STRAT 61,053 61,053
JPMORGAN HEDGED EQUITY FUND 66,478 66,478
MERGER FUND 62,106 62,106
PIMCO TRENDS MANAGED FUTURES STRAT FD 59,184 59,184

TY 2024 InvestmentsGovtObligationsSch
Name:
Otter Tail Power Company Foundation
EIN:
83-2710944
US Government Securities - End of Year Book Value:

263,281
US Government Securities - End of Year Fair Market Value:

263,280
State & Local Government Securities - End of Year Book Value:


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


0


TY 2024 OtherExpensesSchedule
Name:
Otter Tail Power Company Foundation
EIN:
83-2710944
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Filling Fees 195 0   195
Community Support 20,500 0   0


TY 2024 OtherIncreasesSchedule
Name:
Otter Tail Power Company Foundation
EIN:
83-2710944
Description Amount
Unrealized gains/(loss) 286,449


TY 2024 OtherProfessionalFeesSchedule
Name:
Otter Tail Power Company Foundation
EIN:
83-2710944
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Investment Management Fees 20,449 20,449   0


TY 2024 SubstantialContributorsSch
Name:
Otter Tail Power Company Foundation
EIN:
83-2710944
Name Address
Otter Tail Power Company 215 South Cascade Street
Fergus Falls,MN56537


TY 2024 TaxesSchedule
Name:
Otter Tail Power Company Foundation
EIN:
83-2710944
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Net Investment Income tax 2,394 0   0