2023-11-07T14:18:33-08:00 2022-12-31 833282714 Kite Point Accounting & Advisory 22815 Elm Ave Torrance CA 90505 990 2022-01-01 351888396 ELECTRICORE INC ELEC 6616070260 28009 SMYTH DRIVE VALENCIA CA 91355 ILKER BAYRAKTAR PRESIDENT & CEO 6616070260 2023-10-02 true ILKER BAYRAKTAR XXX-XX-XXXX true CAROLYN MESCHER CPA P01825315 8057060890 2023-11-07 0 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z X ILKER BAYRAKTAR 28009 SMYTH DRIVE SUITE 300 VALENCIA CA 91355 16320847 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 207461 252937 10455221 16049178 2055 2765 6279 15967 10671016 16320847 5000 7500 0 865356 890571 0 0 9697384 15324052 10567740 16222123 103276 98724 6400669 8259190 6043443 7803240 357226 455950 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 15438695 0 16049178 THE ORGANIZATION FULFILLS ITS EXEMPT PURPOSE BY SERVICING CONTRACTS WITH US. GOVERNMENT ENTITIES TO CARRY OUT RESEARCH, TECHNOLOGY DEVELOPMENT AND EDUCATION. 15438695 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 4 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 184368 0 39409 DEBORAH JELEN EXECUTIVE DIRECTOR 30.00 X X 196262 0 26317 SARA J ODOM SR PROGRAM MANAGER 40.00 X 205356 0 37319 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 0 0 0 KATHRYN FAGUNDO PROGRAM MANAGER 40.00 X 144509 0 9111 730495 0 112156 4 false true false SVANTE INC 8528 GLENYON PARKWAY UNIT 143 BURNABY CA PROJECT SUBCONTRACTOR 6066431 KIEWIT POWER CONSTRUCTORS CO PO BOX 51072 LOS ANGELES CA 900741072 PROJECT SUBCONTRACTOR 3747308 CLIMEWORKS BIRCHSTRASSE 155 CH-8050 ZURICH SZ PROJECT SUBCONTRACTOR 1515147 KIEWIT ENGINEERING GROUP INC PO BOX 841025 DALLAS TX 752841025 PROJECT SUBCONTRACTOR 977086 BENNETT PUMP COMPANY 1218 E PONTALUNA ROAD SPRING LAKE MI 49456 PROJECT SUBCONTRACTOR 372485 8 252937 252937 PROGRAM REVENUE 541300 16049178 0 16049178 16049178 2765 0 2765 IN-KIND INCOME 541300 15967 0 0 15967 15967 16320847 0 0 16067910 7500 7500 689031 306201 382830 0 144973 70049 74924 0 6885 3330 3555 0 1836 888 948 0 47846 22630 25216 0 6108 4760 1348 0 35669 0 35669 0 86384 4994 81390 0 13031 5898 7133 0 10100 4571 5529 0 80363 16620 63743 0 45604 0 45604 0 MILESTONE PAYMENTS 14987256 14987256 0 0 MISCELLANEOUS EXPENSE 40667 1095 39572 0 IN-KIND EXPENSES 15967 0 15967 0 PROGRAM MATERIALS 2903 2903 0 0 16222123 15438695 783428 0 294577 238338 388652 391420 2964155 437461 35543 31957 2717742 7160014 6400669 8259190 5393642 7044275 645227 735935 4574 23030 6043443 7803240 X 357226 455950 357226 455950 6400669 8259190 98724 X false true X true true true X 0 102624 113417 182725 207461 252937 859164 0 0 102624 113417 182725 207461 252937 859164 0 859164 2496 4442 4349 2055 2765 16107 0 177 11 188 875459 0 0.98140 0.97980 X 0 0 0 Pt II Ln 10 Other Income Part II, Line 10 Description: FEDERAL TRADE COMMISSION REFUND 2019: 177. 2020: 11. CONTRACT ASSETS (ASC 606) 7136984 OPERATING LEASE RIGHT-OF-USE ASSETS 23030 7160014 CONTRACT LIABILITIES (ASC 606) 0 LEASE LIABILITY (OPERATING LEASE) 23030 23030 16320847 16320847 16320847 16222123 16222123 16222123 true North America 0 1 PROGRAM SERVICES CONSULTING & RESEARCH 3454056 Europe 0 2 PROGRAM SERVICES SUBCONTRACTOR 1109587 0 3 0 3 4563643 4563643 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 126368 0 58000 0 0 0 7582 0 31827 0 223777 0 0 0 DEBORAH JELEN 134563 0 58000 0 3699 0 8074 0 18243 0 222579 0 0 0 SARA J ODOM 134827 0 65161 0 5368 0 8090 0 29229 0 242675 0 0 0 KATHRYN FAGUNDO 105670 0 38839 0 0 0 6340 0 2771 0 153620 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 3454056 CONTRACT COSTS false KATHRYN FAGUNDO RELATED PARTY 144509 PAYROLL false KENNETH ZURAWSKI DIRECTOR 9400 PROFESSIONAL SERVICES false PART IV, LINE 1 AND 2 ELECTRICORE'S 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 2022. ELECTRICORE PAID ESAERO $2,400 FOR OFFICE SPACE RENT IN 2022. 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 $3,454,056 WITH SVANTE IN 2022. THE AFOREMENTIONED CONTRACT COSTS WERE RELATED TO PROGRAM EXPENSES UNDER FEDERAL CONTRACTS. AS OF 12/31/22, ELECTRICORE OWED $376,921 IN ACCOUNTS PAYABLE TO SVANTE. THE ACCOUNTS PAYABLE BALANCE RELATED TO PROGRAM EXPENSES UNDER FEDERAL CONTRACTS. PART IV, LINE 5 AS OF 12/31/22, ELECTRICORE OWED KENNETH ZURAWSKI $600 FOR PROFESSIONAL SERVICES. PART IV AS OF 12/31/22, ELECTRICORE OWED $100 TO ILKER BAYRAKTAR TO REIMBURSE FOR BUSINESS TRAVEL. 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 ELECTRICORE'S 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 2022, 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. THE FOLLOWING OFFICER IS THE CHIEF EXECUTIVE OFFICER OF SVANTE: CHAIRMAN CLAUDE LETOURNEAU IN 2022, ELECTRICORE INCURRED CONTRACT COSTS TO SVANTE IN THE AMOUNT OF $3,454,056 AND MADE PAYMENTS TO SVANTE IN THE AMOUNT OF $6,066,431. THE AFOREMENTIONED CONTRACT COSTS WERE FEDERAL PROGRAM EXPENSES. AS OF 12/31/22, ELECTRICORE OWED $376,921 IN ACCOUNTS PAYABLE 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.