Electricore INC FY2023 filing

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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.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
$1.0M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $112K a year · 1% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.0M
to officers and key staff · 18% of spending
Fine: pay to officers and key staff is 18% of spending; 15% to 20%.
Pt VII · Sec A
1 mo
of spending, in cash
Fine: 1.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.7M
87% of total assets
Concern: liabilities are 87% of assets; over 80%.
Pt X · Ln 26
Independent board members
5
of 7 voting members
Looks good: 5 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.5M
-66% vs prior year
Spent
$5.5M
To programs
85%
Net assets
$386K
By yearFY2020–FY2025
Revenue
$5.5M
FY2023▼ -66%
Tap a bar for its year
Revenue by fiscal year
FY2020$3.4M
FY2021$10.7M
FY2022$16.3M
FY2023$5.5M
FY2024$7.8M
FY2025$12.6M
Expenses
$5.5M
FY2023▼ -66%
Tap a bar for its year
Expenses by fiscal year
FY2020$3.4M
FY2021$10.6M
FY2022$16.2M
FY2023$5.5M
FY2024$7.5M
FY2025$12.4M
Net assets
$386K
FY2023▼ -15%
Tap a bar for its year
Net assets by fiscal year
FY2020$254K
FY2021$357K
FY2022$456K
FY2023$386K
FY2024$735K
FY2025$868K

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1994.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $4.7M Management & general 15% · $846K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990; $1.0M paid to officers and key staff.

Part VII, Section A · reportable compensation
SR Program Manager
$294,796Pt VII · Sec A
Executive Director
$258,392Pt VII · Sec A
President & CEO
$225,084Pt VII · Sec A
Program Manager
$224,330Pt VII · Sec A
$11,075Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Sara Odom’s $204K as Director/Executive Director is at the 39th percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Sara J Odom——$294,796$205,356$187,497$150,951
Deborah Jelen$171,861$228,195$258,392$196,262$209,303$174,249
Sara Odom$204,114$233,704————
Ilker Bayraktar$113,629$227,773$225,084$184,368$195,084$140,849
Kathryn Fagundo$144,808$185,107$224,330$144,509——
Kenneth Zurawski$24,450$2,400$11,075———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Electricore INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Electricore INC is an education nonprofit based in Valencia, CA, formed in 1993.

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1 program · $4.7M · in their own filed words · FY2023
01

The organization fulfills its exempt purpose by servicing contracts with us. Government entities to carry out research, technology development and education.

$4.7Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 6 grants · $5.3M · 2024–2025
Air Liquide Large Industries US LPFY2025$2,451,825
Individual RecipientFY2025$157,614
Bennett Pump CompanyFY2025$17,624
Air Liquide Large Industries US LPFY2024$1,713,508
Individual RecipientFY2024$900,274
Bennett Pump CompanyFY2024$16,667

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Dec 2025 · $4.4M federal money spent
Fossil Energy Research and DevelopmentDepartment of Energy · ALN 81.089 · Direct and through Chevron USA, INC. and 1 more$3.1M
Clean Energy DemonstrationsDepartment of Energy · ALN 81.255 · Through Hyvelocity Hydrogen Hub and 3 more$993K
Grid Infrastructure Deployment and ResilienceDepartment of Energy · ALN 81.254 · Through Central Maine Power Company$224K
Renewable Energy Research and DevelopmentDepartment of Energy · ALN 81.087 · Through Geysers Power Co LLC$50K
Conservation Research and DevelopmentDepartment of Energy · ALN 81.086 · Direct and through American Axle & Manufacturing Holdings, INC.$19K

The auditor reported no findings.

Year ending Dec 2024 · $3.9M federal money spent
Fossil Energy Research and DevelopmentDepartment of Energy · ALN 81.089 · Direct and through Chevron U.s.a and 1 more$3.4M
Clean Energy DemonstrationsDepartment of Energy · ALN 81.255 · Through Hyvelocity Hydrogen Hub and 3 more$229K
Renewable Energy Research and DevelopmentDepartment of Energy · ALN 81.087 · Through Geyers Power Co LLC$126K
Conservation Research and DevelopmentDepartment of Energy · ALN 81.086 · Direct and through American Axle & Manufacturing$109K
Grid Infrastructure Deployment and ResilienceDepartment of Energy · ALN 81.254 · Through Central Maine Power Company$76K

The auditor reported no findings.

Year ending Dec 2023 · $2.3M federal money spent
Fossil Energy Research and DevelopmentDepartment of Energy · ALN 81.089 · Direct and through Chevron, U.s.a, INC. and 1 more$1.7M
Conservation Research and DevelopmentDepartment of Energy · ALN 81.086 · Direct and through American Axle & Manufacturing Holdings, INC.$514K
Renewable Energy Research and DevelopmentDepartment of Energy · ALN 81.087 · Direct and through Geysers Power Co LLC$35K

The auditor reported no findings.

Year ending Dec 2022 · $11.0M federal money spent
Fossil Energy Research and DevelopmentDepartment of Energy · ALN 81.089 · Direct and through Chevron U.s.a. INC. and 1 more$9.8M
Conservation Research and DevelopmentDepartment of Energy · ALN 81.086 · Direct and through American Axle & Manufacturing Holdings, INC.$1.2M
Renewable Energy Research and DevelopmentDepartment of Energy · ALN 81.087 · Direct$35K

The auditor reported: a weakness in money controls.

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$5.5M
Ln 12
Fees for servicesLn 2g$5.1M
Gifts and grantsLn 1h$333K
Other incomeLn 4–11$6K
Money outPt IX
$5.5M
Ln 25
Programscol B$4.7M
Managementcol C$846K
Owns and owesPt X
$386K
net assets · Ln 32
Cash and savingsLn 1–2$655K
Total assetsLn 16$3.0M
LiabilitiesLn 26$2.7M
PeoplePt VI, VII
9
listed · VII A
PaidVII A5
Voting boardVI 1a7
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$333K
Fees for servicesLn 2g$5.1M
Investment incomeLn 3$4K
Other incomeLn 4–11$6K
Total revenueLn 12$5.5M
Assets in detailPt X, end of year
CashLn 1$259K
SavingsLn 2$396K
Cash and savings togetherLn 1–2$655K
Accounts receivableLn 4$505K
Prepaid expenses and deferred chargesLn 9$28K
Other assetsLn 15$1.9M
Total assetsLn 16$3.0M
LiabilitiesLn 26$2.7M
Net assetsLn 32$386K
OperationsPt I, VI
EmployeesI 54
VolunteersI 63
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$630K$655K
Total assetsLn 16$8.3M$3.0M
LiabilitiesLn 26$7.8M$2.7M
Net assetsLn 32$456K$386K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2K$2K
Pay of current officers, directors and key staffLn 5$883K$452K$431K$0
Other salaries and wagesLn 7$221K$91K$129K$0
Pension plan contributionsLn 8$7K$3K$4K$0
Other employee benefitsLn 9$14K$6K$8K$0
Payroll taxesLn 10$53K$26K$27K$0
Legal feesLn 11b$4K$4K$0$0
Accounting feesLn 11c$50K$0$50K$0
Other fees for servicesLn 11g$107K$41K$66K$0
Office expensesLn 13$12K$6K$6K$0
Information technologyLn 14$3K$0$3K$0
OccupancyLn 16$13K$6K$6K$0
TravelLn 17$43K$9K$35K$0
Conferences, conventions and meetingsLn 19$2K$0$2K$0
InsuranceLn 23$45K$0$45K$0
Other expenses (24a–d)Ln 24$4.1M$4.1M$33K$0
Total functional expensesLn 25$5.5M$4.7M$846K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Jul 13, 2026 $12.6M$12.4M$133K$868K 990 PDF
FY2024Filed with the IRS Sep 24, 2025 $7.8M$7.5M$348K$735K 990 PDF
FY2023 ViewingFiled with the IRS Nov 15, 2024 $5.5M$5.5M−$70K$386K 990 PDF
FY2022Filed with the IRS Nov 7, 2023 $16.3M$16.2M$99K$456K 990 PDF
FY2021Filed with the IRS Sep 16, 2022 $10.7M$10.6M$103K$357K 990 PDF
FY2020Filed with the IRS Jul 23, 2021 $3.4M$3.4M$56K$254K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $5,472,803 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $252,937$333,188
I-9 Program service revenuePrior year $16,049,178$5,129,525
I-10 Investment incomePrior year $2,765$4,340
I-11 Other revenuePrior year $15,967$5,750
I-12 Total revenuePrior year $16,320,847$5,472,803
I-13 Grants and similar amounts paidPrior year $7,500$1,500
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $890,571$1,178,244
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $15,324,052$4,362,843
I-18 Total expensesPrior year $16,222,123$5,542,587
I-19 Revenue less expensesPrior year $98,724−$69,784
Part VI · Governance 5 of 7 board members independent, 1 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $5,472,803 across 6 lines filed
VIII-1b Membership dues$333,188
VIII-1h Total contributions, gifts and grants$333,188
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $5,129,525$5,129,525
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $4,340$4,340
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $0 · Unrelated business $0 · Excluded from tax $5,750$5,750
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $5,139,615$5,472,803
Part IX · Statement of functional expenses $5,542,587 across 16 lines filed
IX-1 Grants to domestic organizationsPrograms $1,500$1,500
IX-5 Pay of current officers, directors and key staffPrograms $451,934 · Management $431,436 · Fundraising $0$883,370
IX-7 Other salaries and wagesPrograms $91,388 · Management $129,174 · Fundraising $0$220,562
IX-8 Pension plan contributionsPrograms $2,737 · Management $4,122 · Fundraising $0$6,859
IX-9 Other employee benefitsPrograms $5,641 · Management $8,496 · Fundraising $0$14,137
IX-10 Payroll taxesPrograms $26,199 · Management $27,117 · Fundraising $0$53,316
IX-11b Legal feesPrograms $3,838 · Management $0 · Fundraising $0$3,838
IX-11c Accounting feesPrograms $0 · Management $50,101 · Fundraising $0$50,101
IX-11g Other fees for servicesPrograms $40,819 · Management $65,951 · Fundraising $0$106,770
IX-13 Office expensesPrograms $6,039 · Management $6,408 · Fundraising $0$12,447
IX-14 Information technologyPrograms $0 · Management $2,576 · Fundraising $0$2,576
IX-16 OccupancyPrograms $6,231 · Management $6,473 · Fundraising $0$12,704
IX-17 TravelPrograms $8,978 · Management $34,506 · Fundraising $0$43,484
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $2,120 · Fundraising $0$2,120
IX-23 InsurancePrograms $0 · Management $45,147 · Fundraising $0$45,147
IX-24 Other expenses (24a–d)Programs $4,050,921 · Management $32,735 · Fundraising $0$4,083,656
IX-25 Total functional expensesPrograms $4,696,225 · Management $846,362 · Fundraising $0$5,542,587
Part X · Balance sheet $3,043,026 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $238,338$259,066
X-2 Savings and temporary cash investmentsStart of year $391,420$395,527
X-4 Accounts receivableStart of year $437,461$504,635
X-9 Prepaid expenses and deferred chargesStart of year $31,957$28,381
X-15 Other assetsStart of year $7,160,014$1,855,417
X-16 Total assetsStart of year $8,259,190$3,043,026
X-17 Accounts payable and accrued expensesStart of year $7,044,275$2,108,237
X-19 Deferred revenueStart of year $735,935$546,854
X-25 Other liabilitiesStart of year $23,030$1,770
X-26 Total liabilitiesStart of year $7,803,240$2,656,861
X-27 Net assets without donor restrictionsStart of year $455,950$386,165
X-32 Total net assets or fund balancesStart of year $455,950$386,165
X-33 Total liabilities and net assetsStart of year $8,259,190$3,043,026
Part XI · Reconciliation of net assets $386,165 net assets at year end
XI-1 Total revenue$5,472,803
XI-2 Total expenses$5,542,587
XI-3 Revenue less expenses−$69,784
XI-4 Net assets at start of year$455,950
XI-10 Net assets at end of year$386,165

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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