2022-09-16T14:03:26-07:00 2021-12-31 952904018 Levy Sapin Ko & Freeman 4221 Wilshire Blvd ste 430 Los Angeles CA 90010 990 2021-01-01 351888396 ELECTRICORE INC ELEC 6616070260 27943 SMYTH DRIVE SUITE 108 VALENCIA CA 91355 ILKER BAYRAKTAR President & CEO 2022-09-16 true ILKER BAYRAKTAR 999009999 Scott A Freeman P00541898 3239368256 2 AAL1 IAL1 FAL1 2021 2022-09-23 18:48:47Z ILKER BAYRAKTAR 27943 SMYTH DRIVE SUITE 108 VALENCIA CA 91355 10671016 false X www.electricore.org X 1993 CA SEE SCHEDULE O. 7 5 5 0 182725 207461 3199888 10455221 4349 2055 61295 6279 3448257 10671016 5000 0 588506 865356 0 0 2803751 9697384 3392257 10567740 56000 103276 1448985 6400669 1195035 6043443 253950 357226 SEE SCHEDULE O. false false 9913670 THE ORGANIZATION FULFILLS ITS EXEMPT PURPOSE BY SERVICING CONTRACTS WITH US GOVERNMENT ENTITIES TO CARRY OUT RESEARCH, TECHNOLOGY DEVELOPMENT AND EDUCATION. 9913670 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 true false false true false false false false false false false false false false true 4 0 true 5 true false false false false false false false 0 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 IN X X SARA ODOM 6616070260 27943 SMYTH DRIVE SUITE 108 VALENCIA CA 91355 DEBORAH JELEN Executive Dir. 30.00 0.00 X X 209303 0 29011 ILKER BAYRAKTAR President & CEO 30.00 0.00 X X 195084 0 37869 Sara J Odom SR PROGRAM MGR 40.00 0.00 187497 0 35150 CLAUDE LETOURNEAU Chairman 2.00 0.00 X 0 0 0 JACQUES DELISLE Director 2.00 0.00 X 0 0 0 JOHN WATERS Director 2.00 0.00 X 0 0 0 ONER YURTSEVEN Director 2.00 0.00 X 0 0 0 KENNETH ZURAWSKI Director 2.00 0.00 X 0 0 0 591884 102030 3 false true false SVANTE INC 8528 GLENLYON PARKWAY UNIT 143 BURNABY BRITISH COLUMBIA CA V5J0B6 PROJECT SUBCONTRACTOR 1845599 BENNETT PUMP COMPANY 1218 E PONTALUNA ROAD SPRING LAKE MI 49456 PROJECT SUBCONTRACTOR 367074 CLIMEWORKS BIRCHSTRASSE 155 ZURICH SZ CH - 8050 PROJECT SUBCONTRACTOR 382486 KIEWIT ENGINEERING GROUP PO BOX 841025 DALLAS TX 752841025 PROJECT SUBCONTRACTOR 1545418 4 207461 207461 PROGRAM REVENUE 10455221 10455221 10455221 2055 2055 0 0 0 0 0 0 0 IN-KIND REVENUE 6279 6279 OTHER REVENUE 6279 10671016 10463555 5000 5000 0 0 0 404388 17691 386697 0 385553 385553 28130 14360 13770 0 47285 24138 23147 0 23835 9017 14818 25348 25348 0 0 0 77347 12260 65087 0 10035 4970 5065 0 0 8751 4467 4284 26965 535 26430 0 0 0 0 0 42742 42742 MILESTONE PAYMENTS 9429947 9429947 Miscellaneous Expense 40344 215 40129 IN-KIND EXPENSES 6279 6279 PROGRAM MATERIALS 5791 5517 274 0 10567740 9913670 654070 0 110156 294577 386597 388652 0 324029 2964155 0 0 0 0 25828 35543 0 0 0 0 0 602375 2717742 1448985 6400669 670011 5393642 406688 645227 100000 18336 4574 1195035 6043443 X 253950 357226 253950 357226 1448985 6400669 103276 X false true X true true true X 141167 102624 113417 182725 207461 747394 0 0 141167 102624 113417 182725 207461 747394 0 747394 1865 2496 4442 4349 2055 15207 0 177 11 188 762789 0.97980 0.97930 X CONTRACT ASSETS (ASC 606) 2717742 2717742 CONTRACT LIABILITIES (ASC 606) 4574 4574 10671016 10671016 10671016 10567740 10567740 10567740 true NORTH AMERICA 0 0 PROGRAM SERVICES CONSULTING & RESEARCH 4478456 EUROPE 0 0 PROGRAM SERVICES SUBCONTRACTOR 778523 5256979 5256979 false false false false false false X true true X X X false false false false false false false true false DEBORAH JELEN Executive Dir. 132330 70000 6973 11780 17231 238314 ILKER BAYRAKTAR President & CEO 125084 70000 7505 30364 232953 Sara J Odom SR PROGRAM MGR 111188 70000 6309 6624 28526 222647 Part I, Line 1a: Relevant information in regards to selections on 1a. Part I, Line 7: Non-Fixed payments not listed above PERFORMANCE BONUSES WERE INCLUDED IN COMPENSATION WITH ALL PERSONS LISTED IN FORM 990, PART VII, SECTION A, LINE 1A. ILKER BAYRAKTAR OFFICER LIQUIDITY X 100000 false true true Empirical Systems Aerospa Officers/BOD 2400 RENT PAID - OFFICE SPACE false Empirical Systems Aerospa OFFICERS/BOD 50000 PROGRAM REVENUE false Empirical Systems Aerospa OFFICERS/BOD 18500 CONSORTIUM MEMBER FEES false SVANTE OFFICERS/BOD 4478756 CONTRACT COSTS false SVANTE OFFICERS/BOD PARTICIPANT FEES false KATHRYN FAGUNDO RELATED PARTY 89969 PAYROLL false Schedule L, Part V Supplemental Information 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. ELECTRICORE WORKS WITH ESAERO ON ONE PROJECT. ELECTRICORE RECOGNIZED $50,000 OF PROGRAM REVENUE & $18,500 OF CONSORTIUM MEMBERSHIP FEES FROM ESAERO IN 2021. ELECTRICORE PAID ESAERO $2,400 FOR OFFICE SPACE RENT IN 2021. CLAUDE LETORNEAU, CHAIRMAN OF THE BOARD FOR ELECTRICORE, WORKS FOR SVANTE (FORMERLY INVENTYS). SVANTE IS A SUBCONTRACTOR TO ELECTRICORE ON SEVERAL DOE GRANTS. ELECTRICORE HAD CONTRACT COSTS OF $4,478,756 WITH SVANTE IN 2021. THE AFOREMENTIONED CONTRACT COSTS WERE RELATED TO PROGRAM EXPENSES UNDER FEDERAL CONTRACTS. AS OF 12/31/21, ELECTRICORE OWED $2,989,296 IN ACCOUNTS PAYABLE TO SVANTE. THE ACCOUNTS PAYABLE BALANCE RELATED TO PROGRAM EXPENSES UNDER FEDERAL CONTRACTS. Form 990, Part VI, Line 11b: Form 990 Review Process 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, Line 19: Other Organization Documents Publicly Available DOCUMENTS ARE MADE AVAILABLE UPON REQUEST FROM ELECTRICORE'S OFFICES AND ON-LINE VIA GUIDESTAR. FORM 990 - ORGANIZATION'S 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. FORM 990, PART VI, LINE 12c - ENFORCEMENT OF CONFLICTS POLICY 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, LINE 15a - COMPENSATION PROCESS FOR TOP OFFICIALS A COMPENSATION COMMITTEE, MADE UP OF INDEPENDENT BOARD MEMBERS, REVIEW THE SALARIES FOR 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, LINE 2 - RELATED PARTY INFORMATION AMONG OFFICERS THE FOLLOWING OFFICERS ARE MEMBERS IN COLIBRI ENTERPRISES, LLC:MEMBER ILKER BAYRAKTARMEMBER DEBORAH JELENTHE FOLLOWING OFFICERS ARE ON THE BOARD OF DIRECTORS OF EMPIRICAL SYSTEMS AEROSPACE:BOARD MEMBER ILKER BAYRAKTARBOARD MEMBER DEBORAH JELENIN 2021, ELECTRICORE RECEIVED GRANT INCOME AND PARTICIPANT FEES FROM EMPIRICAL SYSTEMS AEROSPACE IN THE AMOUNTS OF $50,000 AND $18,500 RESPECTIVELY.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 LETOURNEAUIN 2021, ELECTRICORE ACCRUED CONTRACT COSTS TO SVANTE IN THE AMOUNT OF $4,478,756 AND MADE PAYMENTS TO SVANTE IN THE AMOUNT OF $1,845,599. THE AFOREMENTIONED CONTRACT COSTS WERE FEDERAL PROGRAM EXPENSES.AS OF 12/31/21, ELECTRICORE OWED $2,989,296 IN ACCOUNTS PAYABLE TO SVANTE.IN 2020, ILKER BAYRAKTAR, AN OFFICER OF ELECTRICORE, LOANED $100,000 TO ELECTRICORE FOR LIQUIDITY PURPOSES. THE LOAN WAS APPROVED BY ELECTRICORE'S BOARD OF DIRECTORS. AS OF FEBRUARY 2021 THIS LOAN HAS BEEN PAID BACK IN FULL.