Electricore Inc
- Assets
- $6.4m
- Revenue
- $10.7m
- Investments
- $0.0
- Employees
- 5
- Location
- Valencia, CA
- Founding
- 12/1994
- Data as of
- 12/2021
- EIN
- 35-1888396
Organization Overview
Electricore Inc is located in Valencia, CA. The organization was established in 1994. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2021, Electricore Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Electricore Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Electricore Inc generated $10.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.7% each year . All expenses for the organization totaled $10.6m during the year ending 12/2021. While expenses have increased by 25.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION FULFILLS ITS EXEMPT PURPOSE BY SERVICING CONTRACTS WITH US GOVERNMENT ENTITIES TO CARRY OUT RESEARCH, TECHNOLOGY DEVELOPMENT AND EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Jelen Executive Dir. | OfficerTrustee | 30 | $209,303 |
Ilker Bayraktar President & CEO | OfficerTrustee | 30 | $195,084 |
Sara J Odom Sr Program Mgr | 40 | $187,497 | |
Claude Letourneau Chairman | Trustee | 2 | $0 |
Jacques Delisle Director | Trustee | 2 | $0 |
Oner Yurtseven Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Svante Inc Project Subcontractor | 12/30/21 | $1,845,599 |
Bennett Pump Company Project Subcontractor | 12/30/21 | $367,074 |
Climeworks Project Subcontractor | 12/30/21 | $382,486 |
Kiewit Engineering Group Project Subcontractor | 12/30/21 | $1,545,418 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $207,461 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $207,461 |
| Total Program Service Revenue | $10,455,221 |
| Investment income | $2,055 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,671,016 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $404,388 |
| Compensation of current officers, directors, key employees. | $386,697 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $385,553 |
| Pension plan accruals and contributions | $28,130 |
| Other employee benefits | $0 |
| Payroll taxes | $47,285 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,835 |
| Fees for services: Accounting | $25,348 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $77,347 |
| Advertising and promotion | $0 |
| Office expenses | $10,035 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,751 |
| Travel | $26,965 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $42,742 |
| All other expenses | $0 |
| Total functional expenses | $10,567,740 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $294,577 |
| Savings and temporary cash investments | $388,652 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,964,155 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $35,543 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,717,742 |
| Total assets | $6,400,669 |
| Accounts payable and accrued expenses | $5,393,642 |
| Grants payable | $0 |
| Deferred revenue | $645,227 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,574 |
| Total liabilities | $6,043,443 |
| Net assets without donor restrictions | $357,226 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,400,669 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Electricore Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Cal Poly Corporation San Luis Obispo, CA PURPOSE: SUBAWARD UNDER SPONSORED PROGRAMS GRANT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Prager University Foundation Sherman Oaks, CA | $86,724,321 | $65,499,557 |
The Oakland Public Education Fund Oakland, CA | $29,835,630 | $28,210,005 |
Unicare Community Health Center Inc Ontario, CA | $12,734,998 | $31,780,162 |
Spectrum Healthcare Group Inc Cottonwood, AZ | $17,862,058 | $29,292,227 |
University Studies Abroad Consortium Reno, NV | $41,233,258 | $28,044,577 |
Califa Group San Francisco, CA | $13,975,341 | $20,958,873 |
Innovative Education Management Inc Placerville, CA | $19,923,777 | $24,530,780 |
Honolulu Community Action Program Honolulu, HI | $11,226,920 | $21,057,375 |
The Duffield Family Foundation Pleasanton, CA | $258,368,317 | $20,065,038 |
American Indian Model Schools Oakland, CA | $18,645,472 | $19,971,757 |
Partnership For Los Angeles Schools Los Angeles, CA | $63,718,377 | $31,128,437 |
Hamburger Home Los Angeles, CA | $14,127,988 | $18,500,267 |