2026-07-13T16:33:40-05:00 2025-12-31 952772601 GLENN BURDETTE 1150 PALM STREET SAN LUIS OBISPO CA 93401 990 2025-01-01 351888396 ELECTRICOREINC ELEC 6616070260 28009 SMYTH DRIVE 300 VALENCIA CA 91355 ILKER BAYRAKTAR PRESIDENT&CEO 6616070260 2026-07-13 1 MICAL W BOVEE CPA P01023187 8055441441 2025 2025-03-06 01:10:19Z ILKER BAYRAKTAR 28009 SMYTH DRIVE 300 VALENCIA CA 91355 12581378 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. 6 3 4 3 0 0 325395 200833 7479705 12364214 17566 16331 0 0 7822666 12581378 2630449 2627063 0 0 989225 741966 0 0 0 3854572 9079073 7474246 12448102 348420 133276 4945669 3237069 4211084 2369208 734585 867861 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 11794177 2627063 12364214 THE ORGANIZATION FULFILLS ITS EXEMPT PURPOSE BY SERVICING CONTRACTS WITH U.S. GOVERNMENT ENTITIES TO CARRY OUT RESEARCH, TECHNOLOGY DEVELOPMENT AND EDUCATION. 11794177 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 7 0 1 4 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 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 CLAUDE LETOURNEAU CHAIRMAN 2.00 X X 0 0 0 ILKER BAYRAKTAR SEC & TREAS/PRESIDENT & CEO 30.00 X X 113629 0 40295 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 24450 0 0 SARA ODOM DIRECTOR/EXECUTIVE DIRECTOR 40.00 X X 204114 0 42024 KATHRYN FAGUNDO SR. PROGRAM MANAGER 40.00 X 144808 0 25614 DEBORAH JELEN FORMER EXECUTIVE DIRECTOR 0.00 X 171861 0 0 658862 0 107933 4 1 1 0 TECHNIP ENERGIES USA INC 15377 MEMORIAL DRIVE SUITE 1400 HOUSTON TX 77079 SUBCONTACTOR 4350933 AIR LIQUIDE GLOBAL E&C SOLUTIONS US INC 9811 KATY FREEWAY SUITE 100 HOUSTON TX 77024 SUBCONTACTOR 2599266 KIEWIT POWER CONSTRUCTORS CO PO BOX 51072 LOS ANGELES CA 900741072 SUBCONTRACTOR 1312350 AIR LIQUIDE LARGE INDUSTRIES US LP 9811 KATY FREEWAY HOUSTON TX 77024 SUBCONTACTOR 981038 BLACK & VEATCH PO BOX 505618 ST LOUIS MO 63150 SUBCONTACTOR 907231 5 200833 200833 PROGRAM REVENUE 541300 12364214 12364214 12364214 16331 16331 12581378 12364214 0 16331 2627063 2627063 596373 231938 364435 72097 58265 13832 24737 8974 15763 48759 17689 31070 21807 21807 43627 43627 72434 56826 15608 13455 5392 8063 9581 3905 5676 26422 26422 1870 1870 14640 14640 67079 67079 MILESTONE PAYMENTS 8762142 8762142 MISCELLANEOUS 45516 176 45340 CHARITABLE CONTRIBUTION 500 500 12448102 11794177 653925 0 429860 799222 413578 429908 3662375 1125028 56275 32367 64994 50326 56324 14668 327257 835876 4945669 3237069 3592758 1768896 490309 546823 7054 1856 52942 14780 68021 36853 4211084 2369208 X 734585 867861 734585 867861 4945669 3237069 133276 0 X 0 1 X 1 1 1 X 207461 252937 333188 325395 200833 1319814 207461 252937 333188 325395 200833 1319814 1319814 2055 2765 4340 17566 16331 43057 5750 5750 1368621 0.96430 0.97250 X 40543 25904 14639 24451 24422 29 14668 CONTRACT ASSETS (ASC 606) 799023 OPERATING LEASE RIGHT-OF-USE ASSETS 36853 835876 LEASE LIABILITIES (OPERATING LEASE) 36853 36853 12669883 88505 88505 12581378 0 12581378 12536607 88505 88505 12448102 0 12448102 1 AIR LIQUIDE LARGE INDUSTRIES US LP 9811 KATY FWY HOUSTON TX 77024 2451825 0 FMV FOR WORK PERFORMED AS SUBRECIPIENTS UNDER U. S. DEPARTMENT OF ENERGY COOPERATIVE AGREEMENTS CARMEUSE AMERICANS PO BOX 712604 CINCINATTI OH 45271 157614 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 17624 0 FMV FOR WORK PERFORMED AS SUBRECIPIENTS UNDER U. S. DEPARTMENT OF ENERGY COOPERATIVE AGREEMENTS X 1 1 X X X 1 0 0 0 0 0 0 1 0 ILKER BAYRAKTAR SEC & TREAS/PRESIDENT & CEO 98629 0 15000 0 0 0 5918 0 34377 0 153924 0 0 0 SARA ODOM DIRECTOR/EXECUTIVE DIRECTOR 174114 0 30000 0 0 0 9941 0 32083 0 246138 0 0 0 KATHRYN FAGUNDO SR. PROGRAM MANAGER 129808 0 15000 0 0 0 7459 0 18155 0 170422 0 0 0 DEBORAH JELEN FORMER EXECUTIVE DIRECTOR 0 0 70000 0 101861 0 0 0 0 0 171861 0 0 0 PART I, LINE 4A SEPARATION AGREEMENT PAYMENT TO DEBORAH JELEN, FORMER EXECUTIVE DIRECTOR: $171,861 PART I, LINE 7 PERFORMANCE BONUSES WERE INCLUDED IN COMPENSATION WITH ALL PERSONS LISTED IN FORM 990, PART VII,SECTION A, LINE 1A KENNETH ZURAWSKI DIRECTOR PROFESSIONAL FEES X 5200 1500 0 0 0 SARA ODOM EXECUTIVE DIRECTOR BUSINESS EXPENSE REIMBURSEMENTS X 356 0 0 0 1856 EMPIRICAL SYSTEMS AEROSPACE OFFICERS/BOD 2400 RENT PAID - OFFICE SPACE 0 EMPIRICAL SYSTEMS AEROSPACE OFFICERS/BOD 18500 CONSORTIUM MEMBERSHIP FEES 0 SVANTE OFFICERS/BOD 247350 CONTRACT COSTS 0 KENNETH ZURAWSKI OFFICERS/BOD 24450 PROFESSIONAL FEES 0 SVANTE OFFICERS/BOD 40000 PROGRAM SUPPORT 0 SVANTE OFFICERS/BOD 14292 CONSORTIUM MEMBERSHIP FEES 0 PART IV, LINE 1 AND 2: ELECTRICORE'S OFFICER ILKER BAYRAKTAR AND SARA ODOM 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 RECOGNIZED $18,500 OF PARTICIPANT FEES FROM ESAERO IN 2025. ELECTRICORE PAID ESAERO $2,400 FOR OFFICE SPACE RENT IN 2025. PART IV, LINE 3,4, AND 5: CLAUDE LETOURNEAU, CHAIRMAN OF THE BOARD FOR ELECTRICORE, WORKS FOR SVANTE. SVANTE IS A SUBCONTRACTOR TO ELECTRICORE ON SEVERAL DEPARTMENT OF ENERGY GRANTS. ELECTRICORE HAD CONTRACT COSTS OF $247,350 WITH SVANTE IN 2025. ELECTRICORE RECOGNIZED $14,292 OF PARTICIPANT FEES AND $40,000 OF PROGRAM SUPPORT FROM SVANTE IN 2025.THE AFOREMENTIONED CONTRACT COSTS WERE RELATED TO PROGRAM EXPENSES UNDER FEDERAL CONTRACTS.AS OF 12/31/25, ELECTRICORE OWED $107,583.07 IN ACCOUNTS PAYABLE TO SVANTE. FORM 990, PART VI, SECTION A, LINE 2 THE FOLLOWING OFFICERS ARE ON THE BOARD OF DIRECTORS OF EMPIRICAL SYSTEMS AEROSPACE: BOARD MEMBER ILKER BAYRAKTAR BOARD MEMBER/EXECUTIVE DIRECTOR SARA ODOM THE FOLLOWING OFFICER IS THE CHIEF EXECUTIVE OFFICER OF SVANTE: CHAIRMAN CLAUDE LETOURNEAU FORM 990, PART VI, SECTION B, LINE 11B THE EXECUTIVE DIRECTOR 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.