2025-09-24T00:17:42-05:00 2024-12-31 952772601 GLENN BURDETTE 1150 PALM STREET SAN LUIS OBISPO CA 93401 990 2024-01-01 351888396 ELECTRICOREINC ELEC 6616070260 28009 SMYTH DRIVE 300 VALENCIA CA 91355 ILKER BAYRAKTAR PRESIDENT&CEO 6616070260 2025-09-23 1 1 MICAL W BOVEE CPA P01023187 8055441441 2024 2025-03-06 01:10:19Z ILKER BAYRAKTAR 28009 SMYTH DRIVE 300 VALENCIA CA 91355 7822666 0 X WWW.ELECTRICORE.ORG X 1993 CA SEE FULL DESCRIPTION ON SCHEDULE O.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. 5 3 4 3 0 0 333188 325395 5129525 7479705 4340 17566 5750 0 5472803 7822666 1500 2630449 0 0 1178244 989225 0 0 0 4362843 3854572 5542587 7474246 -69784 348420 3043026 4945669 2656861 4211084 386165 734585 X 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. 0 0 6610030 2630449 7479705 THE ORGANIZATION FULFILLS ITS EXEMPT PURPOSE BY SERVICING CONTRACTS WITH U.S. GOVERNMENT ENTITIES TO CARRY OUT RESEARCH, TECHNOLOGY DEVELOPMENT AND EDUCATION. 6610030 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 6 0 1 4 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 3 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA IN X X X THE ORGANIZATION 6616070260 28009 SMYTH DRIVE 300 VALENCIA CA 91355 ILKER BAYRAKTAR PRESIDENT & CEO 30.00 X X 227773 0 39928 CLAUDE LETOURNEAU CHAIRMAN 2.00 X X 0 0 0 DEBORAH JELEN EXECUTIVE DIRECTOR - PART YEAR 30.00 X X 228195 0 28073 JAQUES DELISLE DIRECTOR - PART YEAR 2.00 X 0 0 0 JOHN WATERS DIRECTOR 2.00 X 0 0 0 DR ONER YURTSEVEN DIRECTOR 2.00 X 0 0 0 KENNETH ZURAWSKI DIRECTOR 2.00 X 2400 0 0 KATHRYN FAGUNDO PROGRAM MANAGER 40.00 X 185107 0 23348 SARA ODOM SR PROGRAM DIRECTOR 40.00 X 233704 0 39215 877179 0 130564 4 0 1 0 OTSL (US) INC 700 LOUISIANA STREET SUITE 3950 HOUSTON TX 77002 SUBCONTRACTOR 2020371 CARMEUSE AMERICAS PO BOX 712604 CINCINNATI OH 452712604 SUBCONTRACTOR 913805 KIEWIT POWER CONSTRUCTORS CO PO BOX 51072 LOS ANGELES CA 900741072 SUBCONTRACTOR 684842 KIEWIT ENGINEERING GROUP INC PO BOX 841025 DALLAS TX 752841025 SUBCONTACTOR 438612 SVANTE INC 8528 GLENLYON PARKWAY UNIT 143 BC V5J 0B6 CA SUBCONTACTOR 174785 7 325395 325395 PROGRAM REVENUE 541300 7479705 7479705 7479705 17566 17566 7822666 7479705 0 17566 2630449 2630449 596369 239948 356421 278179 96481 181698 59489 23791 35698 55188 22072 33116 29800 29800 37250 37250 120518 74555 45963 2000 2000 13786 5973 7813 9168 4045 5123 43265 43265 2170 2170 4197 4197 24772 24772 45248 45248 MILESTONE PAYMENTS 3479944 3479944 MISCELLANEOUS 42454 802 41652 7474246 6610030 864216 0 259066 429860 395527 413578 504635 3662375 28381 56275 105518 49194 0 56324 1855417 327257 3043026 4945669 2108237 3592758 546854 490309 7054 52942 1770 68021 2656861 4211084 X 386165 734585 386165 734585 3043026 4945669 348420 0 X 0 1 X 1 1 1 X 182725 207461 252937 333188 325395 1301706 182725 207461 252937 333188 325395 1301706 1301706 4349 2055 2765 4340 17566 31075 11 5750 5761 1338542 0.97250 0.97850 X 81067 24772 56295 24451 24422 29 56324 CONTRACT ASSETS (ASC 606) 259236 OPERATING LEASE RIGHT-OF-USE ASSETS 68021 327257 LEASE LIABILITIES (OPERATING LEASE) 68021 68021 7847284 24618 24618 7822666 0 7822666 7498864 24618 24618 7474246 0 7474246 PART IX AND X: MANAGEMENT BELIEVES THAT THE CORPORATION'S INCOME TAX FILING POSITIONS WILL BE SUSTAINED ON AUDIT AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WILL RESULT IN A MATERIAL CHANGE. 1 AIR LIQUIDE LARGE INDUSTRIES US LP 9811 KATY FWY HOUSTON TX 77024 1713508 0 FMV FOR WORK PERFORMED AS SUBRECIPIENTS UNDER U. S. DEPARTMENT OF ENERGY COOPERATIVE AGREEMENTS CARMEUSE AMERICANS PO BOX 712604 CINCINATTI OH 45271 900274 0 FMV FOR WORK PERFORMED AS SUBRECIPIENTS UNDER U. S. DEPARTMENT OF ENERGY COOPERATIVE AGREEMENTS BENNETT PUMP COMPANY 1218 E PONTALUNA ROAD SPRING LAKE MI 49456 16667 0 FMV FOR WORK PERFORMED AS SUBRECIPIENTS UNDER U. S. DEPARTMENT OF ENERGY COOPERATIVE AGREEMENTS 3 X 1 1 X X X 0 0 0 0 0 0 0 1 0 ILKER BAYRAKTAR PRESIDENT & CEO 172773 0 55000 0 0 0 7366 0 32562 0 267701 0 0 0 DEBORAH JELEN EXECUTIVE DIRECTOR - PART YEAR 228195 0 0 0 0 0 8073 0 20000 0 256268 0 0 0 KATHRYN FAGUNDO PROGRAM MANAGER 120107 0 65000 0 0 0 6860 0 16488 0 208455 0 0 0 SARA ODOM SR PROGRAM DIRECTOR 158704 0 75000 0 0 0 9101 0 30114 0 272919 0 0 0 PART I, LINE 7 PERFORMANCE BONUSES WERE INCLUDED IN COMPENSATION WITH ALL PERSONS LISTED IN FORM 990, PART VII,SECTION A, LINE 1A KATHRYN FAGUNDO PROGRAM MANAGER BUSINESS EXPENSE REIMBURSEMENTS X 275 275 0 0 0 KENNETH ZURAWSKI DIRECTOR PROFESSIONAL FEES X 5200 5200 0 0 0 DEBORAH JELEN EXECUTIVE DIRECTOR - PART YEAR BUSINESS EXPENSE REIMBURSEMENTS X 1579 1579 0 0 0 7054 EMPIRICAL SYSTEMS AEROSPACE OFFICERS/BOD 2400 RENT PAID - OFFICE SPACE 0 EMPIRICAL SYSTEMS AEROSPACE OFFICERS/BOD 18500 CONSORTIUM MEMBERSHIP FEES 0 SVANTE OFFICERS/BOD 142290 CONTRACT COSTS 0 SVANTE OFFICERS/BOD 16415 CONSORTIUM MEMBERSHIP FEES 0 SVANTE OFFICERS/BOD 120000 PROGRAM SUPPORT 0 KENNETH ZURAWSKI OFFICERS/BOD 2400 PROFESSIONAL FEES 0 DEBORAH JELEN EXECUTIVE DIRECTOR - PART YEAR 70000 ACCRUED WAGES 0 PART IV, LINE 1 AND 2: ELECTRICORE'S OFFICER ILKER BAYRAKTAR AND DEBORAH JELEN 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 ON THE BOARD AND IS A MINORITY SHAREHOLDER OF ESAERO. ELECTRICORE RECOGNIZED $18,500 OF PARTICIPANT FEES FROM ESAERO IN 2024. ELECTRICORE PAID ESAERO $2,400 FOR OFFICE SPACE RENT IN 2024.ELECTRICORE OWED $200 IN ACCOUNTS PAYABLE TO EMPIRICAL SYSTEMS AEROSPACE (ESAERO). PART IV, LINE 3,4, AND 5: CLAUDE LETOURNEAU, CHAIRMAN OF THE BOARD FOR ELECTRICORE, WORKSFOR SVANTE. SVANTE IS A SUBCONTRACTOR TO ELECTRICORE ON SEVERAL DOE GRANTS. ELECTRICOREHAD CONTRACT COSTS OF $142,290 WITH SVANTE IN 2024. ELECTRICORE RECOGNIZED $16,415 OF PARTICIPANT FEES AND $120,000 OF PROGRAM SUPPORT FROM SVANTE IN 2024. THE AFOREMENTIONED CONTRACT COSTS WERE RELATED TO PROGRAM EXPENSES UNDER FEDERAL CONTRACTS.AS OF 12/31/24, ELECTRICORE OWED $21,559.58 IN ACCOUNTS PAYABLE TO SVANTE. FORM 990, PART VI, SECTION A, LINE 2 THE FOLLOWING OFFICERS ARE MEMBERS IN COLIBRI ENTERPRISES, LLC: BOARD MEMBER ILKER BAYRAKTAR EXECUTIVE DIRECTOR DEBORAH JELEN THE FOLLOWING OFFICERS ARE ON THE BOARD OF DIRECTORS OF EMPIRICAL SYSTEMS AEROSPACE: BOARD MEMBER ILKER BAYRAKTAR EXECUTIVE DIRECTOR DEBORAH JELEN THE FOLLOWING OFFICER IS THE CHIEF EXECUTIVE OFFICER OF SVANTE: CHAIRMAN CLAUDE LETOURNEAU FORM 990, PART VI, SECTION B, 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. FORM 990, PART VI, SECTION B, 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. FORM 990, PART VI, SECTION B, 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. FORM 990, PART VI, SECTION C, LINE 18 DOCUMENTS ARE MADE AVAILABLE UPON REQUEST FROM ELECTRICORE'S OFFICES AND ON-LINE VIA GUIDESTAR. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE MADE AVAILABLE UPON REQUEST FROM ELECTRICORE'S OFFICES AND ON-LINE VIA GUIDESTAR.