2024-11-15T13:08:50-08:00 2023-12-31 833282714 Kite Point Accounting & Advisory 22815 Elm Ave Torrance CA 90505 990 2023-01-01 351888396 ELECTRICORE INC ELEC 6616070260 28009 SMYTH DRIVE VALENCIA CA 91355 ILKER BAYRAKTAR PRESIDENT & CEO 6616070260 2024-03-22 true true CAROLYN MESCHER CPA P01825315 8057060890 2024-11-15 2023 2024-10-15 13:58:12Z ILKER BAYRAKTAR 28009 SMYTH DRIVE SUITE 300 VALENCIA CA 91355 5472803 false X WWW.ELECTRICORE.ORG X 1993 CA ELECTRICORE IS ACTING AS A CONSORTIUM FOR ADVANCED TECHNOLOGY, DEVELOPMENT AND EDUCATION IN SCIENCE AND TECHNOLOGY, CONTRIBUTING TO THE SUCCESS OF THE UNITED STATES RESEARCH & DEVELOPMENT AND EDUCATION VIA COLLABORATIVE PROGRAMS WITH FEDERAL, STATE AND LOCAL GOVERNMENTS, UNIVERSITIES AND PRIVATE SECTOR COMPANIES. 7 5 4 0 0 0 252937 333188 16049178 5129525 2765 4340 15967 5750 16320847 5472803 7500 1500 0 890571 1178244 0 0 15324052 4362843 16222123 5542587 98724 -69784 8259190 3043026 7803240 2656861 455950 386165 ELECTRICORE IS ACTING AS A CONSORTIUM FOR ADVANCED TECHNOLOGY, DEVELOPMENT AND EDUCATION IN SCIENCE AND TECHNOLOGY, CONTRIBUTING TO THE SUCCESS OF THE UNITED STATES RESEARCH & DEVELOPMENT AND EDUCATION VIA COLLABORATIVE PROGRAMS WITH FEDERAL, STATE AND LOCAL GOVERNMENTS, UNIVERSITIES AND PRIVATE SECTOR COMPANIES. false false 4696225 0 5129525 THE ORGANIZATION FULFILLS ITS EXEMPT PURPOSE BY SERVICING CONTRACTS WITH US. GOVERNMENT ENTITIES TO CARRY OUT RESEARCH, TECHNOLOGY DEVELOPMENT AND EDUCATION. 4696225 true false false false false false false false false false false false false true true false true false false false true false false false false false false false false true false false false false false true true false false false false false false false false false false true 6 0 4 true false false false false false false false false false false false false X 7 5 true false false false false false false true true false false true true true true true true true false false CA X X SARA ODOM 6616070260 28009 SMYTH DRIVE SUITE 300 VALENCIA CA 91355 ILKER BAYRAKTAR PRESIDENT & CEO 30.00 X X 225084 0 39505 DEBORAH JELEN EXECUTIVE DIRECTOR 30.00 X X 258392 0 27034 SARA J ODOM SR PROGRAM MANAGER 40.00 X 294796 0 38559 CLAUDE LETOURNEAU CHAIRMAN 2.00 X 0 0 0 JACQUES DELISLE DIRECTOR 2.00 X 0 0 0 JOHN WATERS DIRECTOR 2.00 X 0 0 0 ONER YURTSEVEN DIRECTOR 2.00 X 0 0 0 KENNETH ZURAWSKI DIRECTOR 2.00 X 11075 0 0 KATHRYN FAGUNDO PROGRAM MANAGER 40.00 X 224330 0 22358 1013677 0 127456 4 false true false SVANTE INC 8528 GLENYON PARKWAY UNIT 143 BURNABY CA PROJECT SUBCONTRACTOR 657406 KIEWIT POWER CONSTRUCTORS CO PO BOX 51072 LOS ANGELES CA 900741072 PROJECT SUBCONTRACTOR 640686 OTSL 700 LOUISIANA ST SUITE 3950 HOUSTON TX 77002 PROJECT SUBCONTRACTOR 2326414 CARMEUSE AMERICAS PO BOX 712604 CINCINNATI OH 452712601 PROJECT SUBCONTRACTOR 289230 KIEWIT ENGINEERING GROUP INC PO BOX 841025 DALLAS TX 752841025 PROJECT SUBCONTRACTOR 197219 8 333188 333188 PROGRAM REVENUE 541300 5129525 0 5129525 5129525 4340 0 4340 TAX REFUND 541300 5750 0 0 5750 5750 5472803 0 0 5139615 1500 1500 883370 451934 431436 0 220562 91388 129174 0 6859 2737 4122 0 14137 5641 8496 0 53316 26199 27117 0 3838 3838 0 0 50101 0 50101 0 106770 40819 65951 0 12447 6039 6408 0 2576 0 2576 0 12704 6231 6473 0 43484 8978 34506 0 2120 0 2120 0 45147 0 45147 0 MILESTONE PAYMENTS 4045525 4045525 0 0 MISCELLANEOUS EXPENSE 33902 1167 32735 0 PROGRAM MATERIALS 4229 4229 0 0 5542587 4696225 846362 0 238338 259066 391420 395527 437461 504635 31957 28381 7160014 1855417 8259190 3043026 7044275 2108237 735935 546854 23030 1770 7803240 2656861 X 455950 386165 455950 386165 8259190 3043026 -69784 X false true X true true true X 0 113417 182725 207461 252937 333188 1089728 0 0 113417 182725 207461 252937 333188 1089728 0 1089728 4442 4349 2055 2765 4340 17951 0 177 11 5750 5938 1113617 0 0.97850 0.98140 X 0 0 0 Pt II Ln 10 Other Income Part II, Line 10 Description: IRS FEDERAL TAX REFUND 2023: $5,750. Pt II Ln 10 Other Income Part II, Line 10 Description: FEDERAL TRADE COMMISSION REFUND 2019: $177. 2020: $11. Pt II Ln 10 Other Income Part II, Line 10 Description: FEDERAL TRADE COMMISSION REFUND 2019: 177. 2020: 11. Description: IRS FEDERAL TAX REFUND 2023: 5750. CONTRACT ASSETS (ASC 606) 1853647 OPERATING LEASE RIGHT-OF-USE ASSETS 1770 1855417 LEASE LIABILITY (OPERATING LEASE) 1770 1770 5472803 5472803 5472803 5542588 5542588 5542588 true North America 0 1 PROGRAM SERVICES CONSULTING & RESEARCH 657406 Europe 0 2 PROGRAM SERVICES SUBCONTRACTOR 135549 0 3 0 3 792955 792955 false false false false false false Pt I Line 2 THE PROGRAM MANAGER MONITORS THE WORK OF ALL FOREIGN SUBCONTRACTORS TO ENSURE THE GRANTS AND ASSISTANCE USED OUTSIDE THE UNITED STATES ARE UTILIZED APPROPRIATELY. X true true X X X false false false false false false false true false ILKER BAYRAKTAR 125084 0 100000 0 0 0 7505 0 31574 0 264163 0 0 0 DEBORAH JELEN 137732 0 120000 0 660 0 8264 0 18520 0 285176 0 0 0 SARA J ODOM 151687 0 140000 0 3109 0 9101 0 29066 0 332963 0 0 0 KATHRYN FAGUNDO 114330 0 110000 0 0 0 6860 0 15292 0 246482 0 0 0 Pt I Line 7 PERFORMANCE BONUSES WERE INCLUDED IN COMPENSATION WITH ALL PERSONS LISTED IN FORM 990, PART VII, SECTION A, LINE 1A EMPIRICAL SYSTEMS AEROSPACE OFFICERS/BOD 2400 RENT PAID - OFFICE SPACE false EMPIRICAL SYSTEMS AEROSPACE OFFICERS/BOD 18500 CONSORTIUM MEMBER FEES false SVANTE OFFICERS/BOD 657406 CONTRACT COSTS false KATHRYN FAGUNDO RELATED PARTY 224330 PAYROLL false KENNETH ZURAWSKI DIRECTOR 10850 PROFESSIONAL SERVICES false EMPIRICAL SYSTEMS AEROSPACE OFFICERS/BOD 24448 PROFESSIONAL SERVICES false PART IV, LINE 1, 2, AND 6 ELECTRICORES OFFICERS DEBORAH JELEN & ILKER BAYRAKTAR ARE MEMBERS OF THE BOARD OF DIRECTORS FOR EMPIRICAL SYSTEMS AEROSPACE (ESAERO). ILKER BAYRAKTAR SERVES AS THE CHAIRMAN OF THE BOARD AND IS A MINORITY SHAREHOLDER OF ESAERO. DEBORAH JELEN SERVES AS THE VICE CHAIRMAN OF THE BOARD AND IS A MINORITY SHAREHOLDER OF ESAERO. ELECTRICORE RECOGNIZED $18,500 OF CONSORTIUM MEMBERSHIP FEES FROM ESAERO IN 2023. ELECTRICORE PAID ESAERO $2,400 FOR OFFICE SPACE RENT IN 2023 AND $24,448 FOR PROFESSIONAL SERVICES IN 2023. PART IV, LINE 3 CLAUDE LETOURNEAU, CHAIRMAN OF THE BOARD FOR ELECTRICORE, WORKS FOR SVANTE. SVANTE IS A SUBCONTRACTOR TO ELECTRICORE ON SEVERAL DOE GRANTS. ELECTRICORE HAD CONTRACT COSTS OF $657,406 WITH SVANTE IN 2023. THE AFOREMENTIONED CONTRACT COSTS WERE RELATED TO PROGRAM EXPENSES UNDER FEDERAL CONTRACTS. AS OF 12/31/23, ELECTRICORE OWED $54,054 IN ACCOUNTS PAYABLE TO SVANTE. PART IV AS OF 12/31/23, ELECTRICORE OWED DEBORAH JELEN $350 FOR BUSINESS EXPENSE REIMBURSEMENTS. PART IV AS OF 12/31/23, ELECTRICORE OWED KATHRYN FAGUNDO $162 FOR BUSINESS EXPENSE REIMBURSEMENTS. PART IV AS OF 12/31/23, ELECTRICORE OWED SARA ODOM $437 FOR BUSINESS EXPENSE REIMBURSEMENTS. PART IV AS OF 12/31/23, ELECTRICORE OWED KENNETH ZURAWSKI $375 FOR PROFESSIONAL SERVICES. Pt VI, Line 11b THE FINANCE MANAGER REVIEWS THE FORM 990 WHICH IS PREPARED BY A PROFESSIONAL SERVICES FIRM. SUBSEQUENTLY, THE FORM 990 IS SHARED WITH THE PRESIDENT OF ELECTRICORE FOR HIS REVIEW AND SIGNATURE. BEFORE THE FORM 990 IS FILED WITH THE INTERNAL REVENUE SERVICE, A COMPLETE COPY OF THE FORM 990 IS PROVIDED TO ALL THE BOARD MEMBERS OF ELECTRICORE. Pt VI, Line 19 DOCUMENTS ARE MADE AVAILABLE UPON REQUEST FROM ELECTRICORES OFFICES AND ON-LINE VIA GUIDESTAR. Pt VI, Line 2 THE FOLLOWING OFFICERS ARE MEMBERS IN COLIBRI ENTERPRISES, LLC: MEMBER ILKER BAYRAKTAR MEMBER DEBORAH JELEN THE FOLLOWING OFFICERS ARE ON THE BOARD OF DIRECTORS OF EMPIRICAL SYSTEMS AEROSPACE: BOARD MEMBER ILKER BAYRAKTAR BOARD MEMBER DEBORAH JELEN IN 2023, ELECTRICORE RECEIVED PARTICIPANT FEES FROM EMPIRICAL SYSTEMS AEROSPACE IN THE AMOUNT OF $18,500. ELECTRICORE RENTS OFFICE SPACE FOR $2,400 ANNUALLY IN AN EMPIRICAL SYSTEMS AEROSPACE OFFICE. ELECTRICORE PAID EMPIRICAL SYSTEMS AEROSPACE $24,448 FOR PROFESSIONAL SERVICES. THE FOLLOWING OFFICER IS THE CHIEF EXECUTIVE OFFICER OF SVANTE: CHAIRMAN CLAUDE LETOURNEAU IN 2023, ELECTRICORE INCURRED CONTRACT COSTS TO SVANTE IN THE AMOUNT OF $657,406 AND MADE PAYMENTS TO SVANTE IN THE AMOUNT OF $980,273. THE AFOREMENTIONED CONTRACT COSTS WERE FEDERAL PROGRAM EXPENSES. AS OF 12/31/23, ELECTRICORE OWED ACCOUNTS PAYABLE OF $54,054 TO SVANTE. Pt VI, Line 12c THE POLICY REQUIRES THAT ANY POTENTIAL CONFLICT OF INTEREST BE BROUGHT TO THE ATTENTION OF THE PRESIDENT/CEO WHO DECIDES IF A CONFLICT EXISTS AND, IF SO, DETERMINES AN APPROPRIATE COURSE OF ACTION WHICH MAY INCLUDE ESCALATION TO THE CONFLICT OF INTEREST COMMITTEE OF THE BOARD OF DIRECTORS. Pt VI, Line 15a A COMPENSATION COMMITTEE, MADE UP OF INDEPENDENT BOARD MEMBERS, REVIEW THE SALARIES OF THE PRESIDENT AND EXECUTIVE DIRECTOR. THE COMMITTEE DETERMINES THE EXECUTIVES COMPENSATION USING COMPARATIVE DATA. THE PROCEEDINGS OF THE COMMITTEE ARE RECORDED CONTEMPORANEOUSLY. ALL MANAGEMENT SALARIES ARE APPROVED BY THE BOARD OF DIRECTORS.