ELECTRICORE INC: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- ELECTRICORE INC (EIN 35-1888396)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-11-15
- IRS object ID
- 202413209349319476
- Schema version
- 2023v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-11-15T13:08:50-08:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 833282714 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Kite Point Accounting & Advisory | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 22815 Elm Ave | AddressLine1Txt |
| City | Torrance | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90505 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 351888396 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ELECTRICORE INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | ELEC | BusinessNameControlTxt |
| Phone | 6616070260 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 28009 SMYTH DRIVE | AddressLine1Txt |
| City | VALENCIA | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 91355 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ILKER BAYRAKTAR | PersonNm |
| Person Title | PRESIDENT & CEO | PersonTitleTxt |
| Phone | 6616070260 | PhoneNum |
| Signature | 2024-03-22 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | CAROLYN MESCHER CPA | PreparerPersonNm |
| PTIN | P01825315 | PTIN |
| Phone | 8057060890 | PhoneNum |
| Preparation | 2024-11-15 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | ILKER BAYRAKTAR | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 28009 SMYTH DRIVE SUITE 300 | AddressLine1Txt |
| City | VALENCIA | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 91355 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $5,472,803 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.ELECTRICORE.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1993 | FormationYr |
| Legal Domicile State | CA | LegalDomicileStateCd |
| Activity Or Mission | 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. | ActivityOrMissionDesc |
| Voting Members Governing Body | 7 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 5 | VotingMembersIndependentCnt |
| Total Employee | 4 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $252,937 | PYContributionsGrantsAmt |
| CY Contributions Grants | $333,188 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $16,049,178 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $5,129,525 | CYProgramServiceRevenueAmt |
| PY Investment Income | $2,765 | PYInvestmentIncomeAmt |
| CY Investment Income | $4,340 | CYInvestmentIncomeAmt |
| PY Other Revenue | $15,967 | PYOtherRevenueAmt |
| CY Other Revenue | $5,750 | CYOtherRevenueAmt |
| PY Total Revenue | $16,320,847 | PYTotalRevenueAmt |
| CY Total Revenue | $5,472,803 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $7,500 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $1,500 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $890,571 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $1,178,244 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $15,324,052 | PYOtherExpensesAmt |
| CY Other Expenses | $4,362,843 | CYOtherExpensesAmt |
| PY Total Expenses | $16,222,123 | PYTotalExpensesAmt |
| CY Total Expenses | $5,542,587 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $98,724 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$69,784 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $8,259,190 | TotalAssetsBOYAmt |
| Total Assets EOY | $3,043,026 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $7,803,240 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $2,656,861 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $455,950 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $386,165 | NetAssetsOrFundBalancesEOYAmt |
| Mission | 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. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $4,696,225 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $5,129,525 | RevenueAmt |
| Desc | THE ORGANIZATION FULFILLS ITS EXEMPT PURPOSE BY SERVICING CONTRACTS WITH US. GOVERNMENT ENTITIES TO CARRY OUT RESEARCH, TECHNOLOGY DEVELOPMENT AND EDUCATION. | Desc |
| Total Program Service Expenses | $4,696,225 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | false | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (true) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | Yes (true) | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | Yes (true) | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | Yes (true) | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 6 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 4 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 7 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 5 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (true) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | false | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | SARA ODOM | PersonNm |
| Phone | 6616070260 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 28009 SMYTH DRIVE SUITE 300 | AddressLine1Txt |
| City | VALENCIA | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 91355 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (9 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| ILKER BAYRAKTAR | |||||||
| PRESIDENT & CEO | 30.00 | Yes (X) | Yes (X) | $225,084 | $0 | $39,505 | |
| DEBORAH JELEN | |||||||
| EXECUTIVE DIRECTOR | 30.00 | Yes (X) | Yes (X) | $258,392 | $0 | $27,034 | |
| SARA J ODOM | |||||||
| SR PROGRAM MANAGER | 40.00 | $294,796 | $0 | $38,559 | Yes (X) | ||
| CLAUDE LETOURNEAU | |||||||
| CHAIRMAN | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| JACQUES DELISLE | |||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| JOHN WATERS | |||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| ONER YURTSEVEN | |||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| KENNETH ZURAWSKI | |||||||
| DIRECTOR | 2.00 | Yes (X) | $11,075 | $0 | $0 | ||
| KATHRYN FAGUNDO | |||||||
| PROGRAM MANAGER | 40.00 | $224,330 | $0 | $22,358 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,013,677 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $127,456 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 4 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/ForeignAddress/AddressLine1Txt | CityContractorAddress/ForeignAddress/CityNm | CountryContractorAddress/ForeignAddress/CountryCd | ServicesServicesDesc | CompensationCompensationAmt | Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd |
|---|---|---|---|---|---|---|---|---|
| SVANTE INC | ||||||||
| 8528 GLENYON PARKWAY UNIT 143 | BURNABY | CA | PROJECT SUBCONTRACTOR | $657,406 | ||||
| KIEWIT POWER CONSTRUCTORS CO | ||||||||
| PROJECT SUBCONTRACTOR | $640,686 | PO BOX 51072 | LOS ANGELES | CA | 900741072 | |||
| OTSL | ||||||||
| PROJECT SUBCONTRACTOR | $2,326,414 | 700 LOUISIANA ST SUITE 3950 | HOUSTON | TX | 77002 | |||
| CARMEUSE AMERICAS | ||||||||
| PROJECT SUBCONTRACTOR | $289,230 | PO BOX 712604 | CINCINNATI | OH | 452712601 | |||
| KIEWIT ENGINEERING GROUP INC | ||||||||
| PROJECT SUBCONTRACTOR | $197,219 | PO BOX 841025 | DALLAS | TX | 752841025 | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 8 | CntrctRcvdGreaterThan100KCnt |
| Membership Dues | $333,188 | MembershipDuesAmt |
| Total Contributions | $333,188 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PROGRAM REVENUE | Desc |
| Business | 541300 | BusinessCd |
| Total Revenue Column | $5,129,525 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $5,129,525 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $5,129,525 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $4,340 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $4,340 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | TAX REFUND | Desc |
| Business | 541300 | BusinessCd |
| Total Revenue Column | $5,750 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $5,750 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $5,750 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $5,472,803 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $5,139,615 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,500 | TotalAmt |
| Program Services | $1,500 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $883,370 | TotalAmt |
| Program Services | $451,934 | ProgramServicesAmt |
| Management And General | $431,436 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $220,562 | TotalAmt |
| Program Services | $91,388 | ProgramServicesAmt |
| Management And General | $129,174 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,859 | TotalAmt |
| Program Services | $2,737 | ProgramServicesAmt |
| Management And General | $4,122 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,137 | TotalAmt |
| Program Services | $5,641 | ProgramServicesAmt |
| Management And General | $8,496 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $53,316 | TotalAmt |
| Program Services | $26,199 | ProgramServicesAmt |
| Management And General | $27,117 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,838 | TotalAmt |
| Program Services | $3,838 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $50,101 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $50,101 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $106,770 | TotalAmt |
| Program Services | $40,819 | ProgramServicesAmt |
| Management And General | $65,951 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,447 | TotalAmt |
| Program Services | $6,039 | ProgramServicesAmt |
| Management And General | $6,408 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,576 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $2,576 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,704 | TotalAmt |
| Program Services | $6,231 | ProgramServicesAmt |
| Management And General | $6,473 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $43,484 | TotalAmt |
| Program Services | $8,978 | ProgramServicesAmt |
| Management And General | $34,506 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,120 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $2,120 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $45,147 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $45,147 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| MILESTONE PAYMENTS | $4,045,525 | $4,045,525 | $0 | $0 |
| MISCELLANEOUS EXPENSE | $33,902 | $1,167 | $32,735 | $0 |
| PROGRAM MATERIALS | $4,229 | $4,229 | $0 | $0 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,542,587 | TotalAmt |
| Program Services | $4,696,225 | ProgramServicesAmt |
| Management And General | $846,362 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $238,338 | BOYAmt |
| EOY | $259,066 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $391,420 | BOYAmt |
| EOY | $395,527 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $437,461 | BOYAmt |
| EOY | $504,635 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $31,957 | BOYAmt |
| EOY | $28,381 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,160,014 | BOYAmt |
| EOY | $1,855,417 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,259,190 | BOYAmt |
| EOY | $3,043,026 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,044,275 | BOYAmt |
| EOY | $2,108,237 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $735,935 | BOYAmt |
| EOY | $546,854 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,030 | BOYAmt |
| EOY | $1,770 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,803,240 | BOYAmt |
| EOY | $2,656,861 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $455,950 | BOYAmt |
| EOY | $386,165 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $455,950 | BOYAmt |
| EOY | $386,165 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,259,190 | BOYAmt |
| EOY | $3,043,026 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$69,784 | ReconcilationRevenueExpnssAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (true) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (true) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
| Other Support Sum | $0 | OtherSupportSumAmt |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $113,417 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $182,725 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $207,461 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $252,937 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $333,188 | CurrentTaxYearAmt |
| Total | $1,089,728 | TotalAmt |
Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $113,417 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $182,725 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $207,461 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $252,937 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $333,188 | CurrentTaxYearAmt |
| Total | $1,089,728 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $0 | SubstantialContributorsTotAmt |
| Public Support Total170 | $1,089,728 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $4,442 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $4,349 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,055 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,765 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $4,340 | CurrentTaxYearAmt |
| Total | $17,951 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $177 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $11 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year | $5,750 | CurrentTaxYearAmt |
| Total | $5,938 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $1,113,617 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $0 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.97850 | PublicSupportCY170Pct |
| Public Support PY170 | 0.98140 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
| Public Support Total509 | $0 | PublicSupportTotal509Amt |
| Public Support CY509 | 0 | PublicSupportCY509Pct |
| Investment Income CY | 0 | InvestmentIncomeCYPct |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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. |
Schedule D IRS990ScheduleD
Other Assets Org OtherAssetsOrgGrp (2 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| CONTRACT ASSETS (ASC 606) | $1,853,647 |
| OPERATING LEASE RIGHT-OF-USE ASSETS | $1,770 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $1,855,417 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | LEASE LIABILITY (OPERATING LEASE) | Desc |
| Amt | $1,770 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $1,770 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $5,472,803 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $5,472,803 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $5,472,803 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $5,542,588 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $5,542,588 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $5,542,588 | TotalExpensesPerForm990Amt |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Account Activities Outside US AccountActivitiesOutsideUSGrp (2 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|---|
| North America | 0 | 1 | PROGRAM SERVICES | CONSULTING & RESEARCH | $657,406 |
| Europe | 0 | 2 | PROGRAM SERVICES | SUBCONTRACTOR | $135,549 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 3 | SubtotalEmployeesCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 3 | TotalEmployeeCnt |
| Subtotal Spent | $792,955 | SubtotalSpentAmt |
| Total Spent | $792,955 | TotalSpentAmt |
| Transfer To Foreign Corp | false | TransferToForeignCorpInd |
| Interest In Foreign Trust | false | InterestInForeignTrustInd |
| Foreign Corp Ownership | false | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | false | PassiveForeignInvestmestCoInd |
| Foreign Partnership | false | ForeignPartnershipInd |
| Boycott Countries | false | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Pt I Line 2 | FormAndLineReferenceDesc |
| Explanation | THE PROGRAM MANAGER MONITORS THE WORK OF ALL FOREIGN SUBCONTRACTORS TO ENSURE THE GRANTS AND ASSISTANCE USED OUTSIDE THE UNITED STATES ARE UTILIZED APPROPRIATELY. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (true) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (true) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (true) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (4 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ILKER BAYRAKTAR | |||||||||||||
| $125,084 | $0 | $100,000 | $0 | $0 | $0 | $7,505 | $0 | $31,574 | $0 | $264,163 | $0 | $0 | $0 |
| DEBORAH JELEN | |||||||||||||
| $137,732 | $0 | $120,000 | $0 | $660 | $0 | $8,264 | $0 | $18,520 | $0 | $285,176 | $0 | $0 | $0 |
| SARA J ODOM | |||||||||||||
| $151,687 | $0 | $140,000 | $0 | $3,109 | $0 | $9,101 | $0 | $29,066 | $0 | $332,963 | $0 | $0 | $0 |
| KATHRYN FAGUNDO | |||||||||||||
| $114,330 | $0 | $110,000 | $0 | $0 | $0 | $6,860 | $0 | $15,292 | $0 | $246,482 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Pt I Line 7 | FormAndLineReferenceDesc |
| Explanation | PERFORMANCE BONUSES WERE INCLUDED IN COMPENSATION WITH ALL PERSONS LISTED IN FORM 990, PART VII, SECTION A, LINE 1A | ExplanationTxt |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (6 entries)
| Relationship DescriptionRelationshipDescriptionTxt | TransactionTransactionAmt | TransactionTransactionDesc | Sharing Of RevenuesSharingOfRevenuesInd |
|---|---|---|---|
| EMPIRICAL SYSTEMS AEROSPACE | |||
| OFFICERS/BOD | $2,400 | RENT PAID - OFFICE SPACE | false |
| EMPIRICAL SYSTEMS AEROSPACE | |||
| OFFICERS/BOD | $18,500 | CONSORTIUM MEMBER FEES | false |
| SVANTE | |||
| OFFICERS/BOD | $657,406 | CONTRACT COSTS | false |
| KATHRYN FAGUNDO | |||
| RELATED PARTY | $224,330 | PAYROLL | false |
| KENNETH ZURAWSKI | |||
| DIRECTOR | $10,850 | PROFESSIONAL SERVICES | false |
| EMPIRICAL SYSTEMS AEROSPACE | |||
| OFFICERS/BOD | $24,448 | PROFESSIONAL SERVICES | false |
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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. |
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