Electricore INC FY2024 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.
88¢ of each $1 spent went to programs.
$877K 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

FY2024 · 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
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$877K
to officers and key staff · 12% of spending
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
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
$4.2M
85% of total assets
Concern: liabilities are 85% of assets; over 80%.
Pt X · Ln 26
Independent board members
3
of 5 voting members
Looks good: 3 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$7.8M
+43% vs prior year
Spent
$7.5M
To programs
88%
Net assets
$735K
By yearFY2020–FY2025
Revenue
$7.8M
FY2024▲ +43%
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
$7.5M
FY2024▲ +35%
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
$735K
FY2024▲ +90%
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 FY2024 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 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

88 cents of each dollar spent went to programs.

Program services 88% · $6.6M Management & general 12% · $864K

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; $877K paid to officers and key staff.

Part VII, Section A · reportable compensation
SR Program Director
$233,704Pt VII · Sec A
Executive Director - Part Year
$228,195Pt VII · Sec A
President & CEO
$227,773Pt VII · Sec A
Program Manager
$185,107Pt VII · Sec A
$2,400Pt VII · Sec A
Director - Part Year
$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
  • Loans to or from officersSch L · Pt II3 listed

Programs and updates

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

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1 program · $6.6M · in their own filed words · FY2024
01

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

$6.6Mprogram 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$7.8M
Ln 12
Fees for servicesLn 2g$7.5M
Gifts and grantsLn 1h$325K
Investment incomeLn 3$18K
Money outPt IX
$7.5M
Ln 25
Programscol B$6.6M
Managementcol C$864K
Owns and owesPt X
$735K
net assets · Ln 32
Cash and savingsLn 1–2$843K
Total assetsLn 16$4.9M
LiabilitiesLn 26$4.2M
PeoplePt VI, VII
9
listed · VII A
PaidVII A5
Voting boardVI 1a5
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$325K
Fees for servicesLn 2g$7.5M
Investment incomeLn 3$18K
Total revenueLn 12$7.8M
Assets in detailPt X, end of year
CashLn 1$430K
SavingsLn 2$414K
Cash and savings togetherLn 1–2$843K
Accounts receivableLn 4$3.7M
Prepaid expenses and deferred chargesLn 9$56K
Land, buildings, equipmentLn 10c$56K
Other assetsLn 15$327K
Total assetsLn 16$4.9M
LiabilitiesLn 26$4.2M
Net assetsLn 32$735K
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 FY24End FY24
Cash and savingsLn 1–2$655K$843K
Land, buildings, equipmentLn 10c$0$56K
Total assetsLn 16$3.0M$4.9M
LiabilitiesLn 26$2.7M$4.2M
Net assetsLn 32$386K$735K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2.6M$2.6M
Pay of current officers, directors and key staffLn 5$596K$240K$356K
Other salaries and wagesLn 7$278K$96K$182K
Other employee benefitsLn 9$59K$24K$36K
Payroll taxesLn 10$55K$22K$33K
Legal feesLn 11b$30K$30K
Accounting feesLn 11c$37K$37K
Other fees for servicesLn 11g$121K$75K$46K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$14K$6K$8K
OccupancyLn 16$9K$4K$5K
TravelLn 17$43K$43K
Conferences, conventions and meetingsLn 19$2K$2K
InterestLn 20$4K$4K
Depreciation, depletion and amortizationLn 22$25K$25K
InsuranceLn 23$45K$45K
Other expenses (24a–d)Ln 24$3.5M$3.5M$42K
Total functional expensesLn 25$7.5M$6.6M$864K$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
FY2024 ViewingFiled with the IRS Sep 24, 2025 $7.8M$7.5M$348K$735K 990 PDF
FY2023Filed 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 FY2024 990 (6 parts)
Part I · Summary $7,822,666 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $333,188$325,395
I-9 Program service revenuePrior year $5,129,525$7,479,705
I-10 Investment incomePrior year $4,340$17,566
I-11 Other revenuePrior year $5,750$0
I-12 Total revenuePrior year $5,472,803$7,822,666
I-13 Grants and similar amounts paidPrior year $1,500$2,630,449
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,178,244$989,225
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $4,362,843$3,854,572
I-18 Total expensesPrior year $5,542,587$7,474,246
I-19 Revenue less expensesPrior year −$69,784$348,420
Part VI · Governance 3 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members3
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 $7,822,666 across 5 lines filed
VIII-1b Membership dues$325,395
VIII-1h Total contributions, gifts and grants$325,395
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $7,479,705$7,479,705
VIII-3 Investment incomeExcluded from tax $17,566$17,566
VIII-12 Total revenueRelated to mission $7,479,705 · Unrelated business $0 · Excluded from tax $17,566$7,822,666
Part IX · Statement of functional expenses $7,474,246 across 17 lines filed
IX-1 Grants to domestic organizationsPrograms $2,630,449$2,630,449
IX-5 Pay of current officers, directors and key staffPrograms $239,948 · Management $356,421$596,369
IX-7 Other salaries and wagesPrograms $96,481 · Management $181,698$278,179
IX-9 Other employee benefitsPrograms $23,791 · Management $35,698$59,489
IX-10 Payroll taxesPrograms $22,072 · Management $33,116$55,188
IX-11b Legal feesPrograms $29,800$29,800
IX-11c Accounting feesManagement $37,250$37,250
IX-11g Other fees for servicesPrograms $74,555 · Management $45,963$120,518
IX-12 Advertising and promotionManagement $2,000$2,000
IX-13 Office expensesPrograms $5,973 · Management $7,813$13,786
IX-16 OccupancyPrograms $4,045 · Management $5,123$9,168
IX-17 TravelManagement $43,265$43,265
IX-19 Conferences, conventions and meetingsPrograms $2,170$2,170
IX-20 InterestManagement $4,197$4,197
IX-22 Depreciation, depletion and amortizationManagement $24,772$24,772
IX-23 InsuranceManagement $45,248$45,248
IX-24 Other expenses (24a–d)Programs $3,480,746 · Management $41,652$3,522,398
IX-25 Total functional expensesPrograms $6,610,030 · Management $864,216 · Fundraising $0$7,474,246
Part X · Balance sheet $4,945,669 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $259,066$429,860
X-2 Savings and temporary cash investmentsStart of year $395,527$413,578
X-4 Accounts receivableStart of year $504,635$3,662,375
X-9 Prepaid expenses and deferred chargesStart of year $28,381$56,275
X-10c Land, buildings and equipment, netStart of year $0$56,324
X-15 Other assetsStart of year $1,855,417$327,257
X-16 Total assetsStart of year $3,043,026$4,945,669
X-17 Accounts payable and accrued expensesStart of year $2,108,237$3,592,758
X-19 Deferred revenueStart of year $546,854$490,309
X-22 Loans from officers and insiders$7,054
X-23 Secured mortgages and notes payable$52,942
X-25 Other liabilitiesStart of year $1,770$68,021
X-26 Total liabilitiesStart of year $2,656,861$4,211,084
X-27 Net assets without donor restrictionsStart of year $386,165$734,585
X-32 Total net assets or fund balancesStart of year $386,165$734,585
X-33 Total liabilities and net assetsStart of year $3,043,026$4,945,669
Part XI · Reconciliation of net assets $734,585 net assets at year end
XI-1 Total revenue$7,822,666
XI-2 Total expenses$7,474,246
XI-3 Revenue less expenses$348,420
XI-4 Net assets at start of year$386,165
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$734,585

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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