Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 01-01-2018 , and ending 12-31-2018
Name of foundation
ELECTRIC COOPERATIVE FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 244014
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MONTGOMERY, AL36124
A Employer identification number

63-1190086
B Telephone number (see instructions)

(334) 215-2732
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$267,604J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 157,455
2 Check bullet.............
3 Interest on savings and temporary cash investments 155 155  
4 Dividends and interest from securities... 24,760 24,760  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 7,340
b Gross sales price for all assets on line 6a 20,000
7 Capital gain net income (from Part IV, line 2)... 7,340
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 189,710 32,255  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 5,950 0   0
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 211 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications.......... 1,212 0   0
23 Other expenses (attach schedule)....... Click to see attachment 8,484 0   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 15,857 0   0
25 Contributions, gifts, grants paid....... 160,750 160,750
26 Total expenses and disbursements. Add lines 24 and 25 176,607 0   160,750
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 13,103
b Net investment income (if negative, enter -0-) 32,255
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 10,432 19,876 19,876
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 285,015 Click to see attachment247,728 247,728
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 295,447 267,604 267,604
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment4,882 Click to see attachment13,323
23 Total liabilities (add lines 17 through 22)......... 4,882 13,323
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................. 290,565 254,281
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)..... 290,565 254,281
31 Total liabilities and net assets/fund balances (see instructions). 295,447 267,604
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year’s return) ...............
1
290,565
2
Enter amount from Part I, line 27a .....................
2
13,103
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
303,668
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
49,387
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
254,281
Form 990-PF (2018)
Form 990-PF (2018)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a SALE OF PUBLICLY TRADED SECURITIES P    
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 20,000   12,660 7,340
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       7,340
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 7,340
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2017 142,039 272,006 0.522191
2016 112,212 266,673 0.420785
2015 85,017 266,417 0.319113
2014 57,250 264,096 0.216777
2013 46,000 235,432 0.195386
2
Total of line 1, column (d) .....................
2
1.674252
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years ......
3
0.334850
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
312,901
5
Multiply line 4 by line 3......................
5
104,775
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
323
7
Add lines 5 and 6........................
7
105,098
8
Enter qualifying distributions from Part XII, line 4,.............
8
160,750
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form 990-PF (2018)
Form 990-PF (2018)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket includes lines 1a and 1b
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 323
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 323
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 323
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 0
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 0
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 323
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
     
    No
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletAL
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. Click to see attachment...............................
    10
    Yes
     
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.AREAPOWER.COM
    14
    The books are in care ofbulletKARL RAYBORN Telephone no.bullet (334) 215-2732

    Located atbullet340 TECHNACENTER DRIVEMONTGOMERYAL ZIP+4bullet36117
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2018?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2018 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2018.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    DARYL JONES CHAIRMAN
    1.00     		0 0 0
    PO BOX 244014
    MONTGOMERY,AL36124
    FRED BRASWELL EXECUTIVE DIRECTOR/SECRETA
    1.00     		0 0 0
    PO BOX 244014
    MONTGOMERY,AL36124
    KARL RAYBORN TREASURER
    2.00     		0 0 0
    PO BOX 244014
    MONTGOMERY,AL36124
    TERRY MITCHELL DIRECTOR
    1.00     		0 0 0
    PO BOX 244014
    MONTGOMERY,AL36124
    MAX HYATT DIRECTOR
    1.00     		0 0 0
    PO BOX 244014
    MONTGOMERY,AL36124
    SCOTT BOBO DIRECTOR
    1.00     		0 0 0
    PO BOX 244014
    MONTGOMERY,AL36124
    DAVID BAILEY DIRECTOR
    1.00     		0 0 0
    PO BOX 244014
    MONTGOMERY,AL36124
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 THE ELECTRIC COOPERATIVE FOUNDATION AWARDED EDUCATIONAL SCHOLARSHIPS TO DEPENDENTS OF ELECTRIC COOPERATIVE MEMBERS ACROSS THE STATE OF ALABAMA FOR THE 2017 ACADEMIC YEAR. 176,608
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    275,895
    b
    Average of monthly cash balances.......................
    1b
    41,771
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    317,666
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    317,666
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    4,765
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    312,901
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    15,645
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    15,645
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    323
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    323
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    15,322
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    15,322
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    15,322
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    160,750
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    160,750
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    323
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    160,427
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2017     		(c)
    2017     		(d)
    2018
    1 Distributable amount for 2018 from Part XI, line 7 15,322
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2018:
    a From 2013...... 34,377
    b From 2014...... 44,256
    c From 2015...... 72,162
    d From 2016...... 99,454
    e From 2017...... 128,861
    fTotal of lines 3a through e........ 379,110
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 160,750
    a Applied to 2017, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2018 distributable amount..... 15,322
    e Remaining amount distributed out of corpus 145,428
    5 Excess distributions carryover applied to 2018. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 524,538
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		34,377
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		490,161
    10 Analysis of line 9:
    a Excess from 2014.... 44,256
    b Excess from 2015.... 72,162
    c Excess from 2016.... 99,454
    d Excess from 2017.... 128,861
    e Excess from 2018.... 145,428
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2018, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2018 (b) 2017 (c) 2016 (d) 2015
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    ELECTRIC COOPERATIVE FOUNDATION INC
    PO BOX 244014
    MONTGOMERY,AL361244014
    (334) 215-2732
    bThe form in which applications should be submitted and information and materials they should include:
    SCHOLARSHIP APPLICATIONS SHOULD INCLUDE: NAME, RELATIONSHIP TO ELECTRIC COOPERATIVE, ADDRESS AND PHONE NUMBER, HIGH SCHOOL ATTENDED, GPA AND SAT OR ACT SCORE, AND COLLEGE IN WHICH APPLICANT PLANS TO ENROLL.
    cAny submission deadlines:
    FEBRUARY 24, 2017
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    SCHOLARSHIPS ARE FOR POST-SECONDARY EDUCATION OF DEPENDENTS OF MEMBERS OF AN ALABAMA ELECTRIC COOPERATIVE THAT HAS CONTRIBUTED PRINCIPAL FUNDS TO THE FOUNDATION.
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ALEXANDRA JACKSON
    1204 MERRITT ROAD
    CASTLEBERRY,AL36432     		  I EDUCATIONAL SCHOLARSHIP 1,000
    ANDREW MARKWELL
    2525 AIMEE DRIVE
    MONTGOMERY,AL36106     		  I EDUCATIONAL SCHOLARSHIP 2,500
    ANDREW WELCH
    1738 OLD FOSHEE ROAD
    BREWTON,AL36426     		  I EDUCATIONAL SCHOLARSHIP 1,000
    ASHLEY CARLISLE
    1877 CARLISLE ROAD
    GILBERTOWN,AL36908     		  I EDUCATIONAL SCHOLARSHIP 500
    AUSTIN PHILLIPS
    3055 PINEAPPLE HIGHWAY
    GREENVILLE,AL36037     		  I EDUCATIONAL SCHOLARSHIP 1,000
    AUTUMN JONES
    368 COUNTY HIGHWAY 141
    HALEYVILLE,AL35565     		  I EDUCATIONAL SCHOLARSHIP 1,000
    AVA JACOBS
    1887 COUNTY ROAD 49
    DAWSON,AL35963     		  I EDUCATIONAL SCHOLARSHIP 1,000
    AVERY PARKER
    9165 US HIGHWAY 72
    WOODVILLE,AL35776     		  I EDUCATIONAL SCHOLARSHIP 500
    AVERY BARNES
    1401 HIGHWAY 84 WEST
    REPTON,AL36475     		  I EDUCATIONAL SCHOLARSHIP 1,000
    BENJAMIN MALONE
    220 E 25TH AVENUE
    GULF SHORES,AL36542     		  I EDUCATIONAL SCHOLARSHIP 500
    BENJAMIN KEY
    890 COUNTY HIGHWAY 61
    GUIN,AL35563     		  I EDUCATIONAL SCHOLARSHIP 1,000
    BETHANIE HARTZOG
    14622 HIGHWAY 51
    ARITON,AL36311     		  I EDUCATIONAL SCHOLARSHIP 1,000
    BETHANY KNIGHT
    392 COUNTY HIGHWAY 257
    HAMILTON,AL35570     		  I EDUCATIONAL SCHOLARSHIP 1,000
    BRIAN WHITE
    50 SPRINGBROOK DRIVE
    WETUMPKA,AL36093     		  I EDUCATIONAL SCHOLARSHIP 2,500
    BRIANNA EVANS
    680 COUNTY ROAD 69
    DANVILLE,AL35619     		  I EDUCATIONAL SCHOLARSHIP 500
    BRIANNA JONES
    20220 GOLDVILLE ROAD
    DAVISTON,AL36256     		  I EDUCATIONAL SCHOLARSHIP 1,000
    BRITTNEY SHELTON
    811 MACON COUNTY ROAD
    CECIL,AL36013     		  I EDUCATIONAL SCHOLARSHIP 2,500
    CHANDLER MCILWAIN
    1883 MOUNT STERLING ROAD
    BUTLER,AL36904     		  I EDUCATIONAL SCHOLARSHIP 500
    CHAUNTINA WHITTLE
    365 CHEROKEE HOUSE ROAD
    RUTLEDGE,AL36071     		  I EDUCATIONAL SCHOLARSHIP 1,000
    COLLIER CANTRELL
    1353 COUNTY HIGHWAY 118
    HACKLEBURG,AL35564     		  I EDUCATIONAL SCHOLARSHIP 1,000
    COLLIN DEAN
    101 MARIGOLD LANE
    DOTHAN,AL36305     		  I EDUCATIONAL SCHOLARSHIP 1,000
    CONNER NEWELL
    3031 BUD ODOM ROAD
    DEER PARK,AL36529     		  I EDUCATIONAL SCHOLARSHIP 1,000
    DAN'CHELLA PALMER
    4287 COUNTY ROAD 7
    LISMAN,AL36912     		  I EDUCATIONAL SCHOLARSHIP 500
    ELIZABETH MELBY
    2016 COUNTY ROAD 57
    SKIPPERVILLE,AL36374     		  I EDUCATIONAL SCHOLARSHIP 1,000
    EMILY SIKES
    4074 BRANCH ROAD
    SILAS,AL36919     		  I EDUCATIONAL SCHOLARSHIP 500
    EMILY SIMS
    1162 MITCHELL ROAD
    BRANTLEY,AL36009     		  I EDUCATIONAL SCHOLARSHIP 1,000
    EMMA STRICKLAND
    1702 ENZOR ROAD
    TROY,AL36079     		  I EDUCATIONAL SCHOLARSHIP 1,000
    EMMA CULP
    1855 COUNTY HIGHWAY 3
    GUIN,AL35563     		  I EDUCATIONAL SCHOLARSHIP 1,000
    EMME FRASER
    218 POWELL FARM ROAD
    LEROY,AL36548     		  I EDUCATIONAL SCHOLARSHIP 1,000
    ERAYZHA RAY
    205 NAVAJO DRIVE
    MONTGOMERY,AL36117     		  I EDUCATIONAL SCHOLARSHIP 2,500
    ETHAN FLOWERS
    13217 OPP HIGHWAY
    BRANTLEY,AL36009     		  I EDUCATIONAL SCHOLARSHIP 1,000
    GAVIN PUTTOVIS
    2145 4TH STREET NW
    ARAB,AL35016     		  I EDUCATIONAL SCHOLARSHIP 500
    GRIFFIN HOWARD
    405 SIMMONS CREEK ROAD
    GROVE HILL,AL36451     		  I EDUCATIONAL SCHOLARSHIP 1,000
    HAGEN HALL
    593 COUNTY ROAD 472
    KINSTON,AL36453     		  I EDUCATIONAL SCHOLARSHIP 1,000
    HEALEY WEEKS
    2991 HONORAVILLE ROAD
    LUVERNE,AL36049     		  I EDUCATIONAL SCHOLARSHIP 1,000
    HANNAH YOST
    685 FARMINGTON LANE
    PIKE ROAD,AL36064     		  I EDUCATIONAL SCHOLARSHIP 2,500
    HANNAH CORNETT
    2841 COUNTY ROAD 155
    FLAT ROCK,AL35966     		  I EDUCATIONAL SCHOLARSHIP 1,000
    HARRISON KILCREASE
    91 EAST MILL AVENUE
    BRANTLEY,AL36009     		  I EDUCATIONAL SCHOLARSHIP 1,000
    HENRY WATSON
    1069 WILDWOOD DRIVE
    CECIL,AL36013     		  I EDUCATIONAL SCHOLARSHIP 2,500
    JACKSON SMITH
    1076 OLD SARDINE ROAD
    FLOMATON,AL36441     		  I EDUCATIONAL SCHOLARSHIP 1,000
    JACOB ODOM
    1935 MURDER CREEK ROAD
    BREWTON,AL36426     		  I EDUCATIONAL SCHOLARSHIP 1,000
    JAMAYA GROOMS
    300 HEMLOCK ROAD
    UNION SPRINGS,AL36089     		  I EDUCATIONAL SCHOLARSHIP 2,500
    JAMES RUTLAND
    8439 MARSH POINTE DRIVE
    MONTGOMERY,AL36117     		  I EDUCATIONAL SCHOLARSHIP 2,500
    JAQAEVIUS PORTER-SCOTT
    3015 LEE ROAD 393
    AUBURN,AL36832     		  I EDUCATIONAL SCHOLARSHIP 5,000
    JONATHAN RAINER
    1080 COUNTY ROAD 767
    CEDAR BLUFF,AL35959     		  I EDUCATIONAL SCHOLARSHIP 500
    JOSHUA SULLIVAN
    15110 HIGHWAY 51
    ARITON,AL36311     		  I EDUCATIONAL SCHOLARSHIP 1,000
    JUSTIN EILAND
    3081 SPRINGHILL ROAD
    BRANTLEY,AL36009     		  I EDUCATIONAL SCHOLARSHIP 1,000
    KAMEICKA BOYD
    611 ARD CREEK ROAD
    RED LEVEL,AL36474     		  I EDUCATIONAL SCHOLARSHIP 1,000
    KATIE WIGGINS
    1802 HOLLINGER ROAD
    ATMORE,AL36502     		  I EDUCATIONAL SCHOLARSHIP 1,000
    KAYLAN MARTIN
    2092 OLIVER MYERS ROAD
    HIGHLAND HOME,AL36041     		  I EDUCATIONAL SCHOLARSHIP 1,000
    KEISHA BRUNO
    40 FINCH DRIVE
    SWEETWATER,AL36782     		  I EDUCATIONAL SCHOLARSHIP 500
    KERA PRICE
    311 CONNIE ROAD
    VERNON,AL35592     		  I EDUCATIONAL SCHOLARSHIP 1,000
    KERRIGAN WELCH
    824 SALTER LANE
    MONROEVILLE,AL36460     		  I EDUCATIONAL SCHOLARSHIP 1,000
    KYAJA BATES
    285 BALSA AVENUE
    GREENSBORO,AL36744     		  I EDUCATIONAL SCHOLARSHIP 500
    LAUREN HOPPER
    1476 COUNTY ROAD 234
    MOULTON,AL35650     		  I EDUCATIONAL SCHOLARSHIP 500
    LAUREN SELF
    11982 STATE HIGHWAY 129
    BRILLIANT,AL35548     		  I EDUCATIONAL SCHOLARSHIP 1,000
    LAURYN CUNNINGHAM
    10996 LOREE ROAD
    REPTON,AL36475     		  I EDUCATIONAL SCHOLARSHIP 1,000
    LILLI CLAIR HOVEN
    3000 WIGGINS ROAD
    JACKSON,AL36545     		  I EDUCATIONAL SCHOLARSHIP 1,000
    LOGAN MASSEY
    802 BLACKBERRY COVE
    OPELIKA,AL36804     		  I EDUCATIONAL SCHOLARSHIP 1,000
    LUKAS FERGUSON
    3854 CRAGFORD ROAD
    ASHLAND,AL36251     		  I EDUCATIONAL SCHOLARSHIP 1,000
    MACY HANSON
    90 ALABAMA HIGHWAY 9 S
    PIEDMONT,AL36272     		  I EDUCATIONAL SCHOLARSHIP 500
    MADISON HARGETT
    204 GRISSOM LANE
    RUSSELLVILLE,AL35653     		  I EDUCATIONAL SCHOLARSHIP 500
    MARIAH THOMPKINS
    35622 HIGHWAY 17
    BUTLER,AL36904     		  I EDUCATIONAL SCHOLARSHIP 500
    MARK WASHINGTON
    1330 SPRING VALLEY DRIVE NE
    ARAB,AL35016     		  I EDUCATIONAL SCHOLARSHIP 500
    MARY MORRIS
    509 MAXWELL AVENUE
    DAPHNE,AL36526     		  I EDUCATIONAL SCHOLARSHIP 500
    MORGAN MCPHAUL
    1043 BEULAH CAMPGROUND ROAD
    REPTON,AL36475     		  I EDUCATIONAL SCHOLARSHIP 1,000
    MYA THOMPKINS
    35622 HIGHWAY 17
    BUTLER,AL36904     		  I EDUCATIONAL SCHOLARSHIP 500
    MYRA REISS
    5379 APPLETON ROAD
    BREWTON,AL36426     		  I EDUCATIONAL SCHOLARSHIP 1,000
    NICOLAS WOODS
    9493 KELLEY FARM ROAD
    ANDALUSIA,AL36420     		  I EDUCATIONAL SCHOLARSHIP 1,000
    NOAH GLENN
    4267 COUNTY ROAD 44
    JEMISON,AL35085     		  I EDUCATIONAL SCHOLARSHIP 2,500
    OLIVIA PAYNE
    3415 COUNTY ROAD 21
    MAPLESVILLE,AL36750     		  I EDUCATIONAL SCHOLARSHIP 2,500
    NOAH PETTIS
    11375 COUNTY ROAD 6
    CASTLEBERRY,AL36432     		  I EDUCATIONAL SCHOLARSHIP 1,000
    PATRICIA MASSEY
    313 CARSON ROAD
    LEROY,AL36548     		  I EDUCATIONAL SCHOLARSHIP 1,000
    RAMSEY MORROW
    30899 COUNTY ROAD 107
    RED LEVEL,AL36474     		  I EDUCATIONAL SCHOLARSHIP 1,000
    REID KNIGHTEN
    1417 COUNTY ROAD 2203
    GOSHEN,AL36035     		  I EDUCATIONAL SCHOLARSHIP 1,000
    ROBERT BAREFOOT
    165 KIRKLAND ROAD
    SEALE,AL36875     		  I EDUCATIONAL SCHOLARSHIP 1,000
    SARA WILSON
    22268 OAK MOORE LANE
    ANDALUSIA,AL36421     		  I EDUCATIONAL SCHOLARSHIP 1,000
    SARA WELSH
    1055 COUNTY ROAD 530
    WADLEY,AL36276     		  I EDUCATIONAL SCHOLARSHIP 1,000
    SARAH MCCLUNG
    8329 US HIGHWAY 29
    ANDALUSIA,AL36420     		  I EDUCATIONAL SCHOLARSHIP 1,000
    SHELBY COLLINS
    5342 SIENNA CIRCLE
    MONTGOMERY,AL36116     		  I EDUCATIONAL SCHOLARSHIP 2,500
    SIDNEY ARMSTRONG
    108 MARHARET LANE
    TROY,AL36079     		  I EDUCATIONAL SCHOLARSHIP 1,000
    TANNA NORRIS
    2375 COUNTY ROAD 2201
    GOSHEN,AL36035     		  I EDUCATIONAL SCHOLARSHIP 1,000
    TATEN PHILLIPS
    9329 COUNTY ROAD 2290
    GOSHEN,AL36035     		  I EDUCATIONAL SCHOLARSHIP 1,000
    TAYLOR TURNER
    29420 HIGHWAY 31
    MCKENZIE,AL36456     		  I EDUCATIONAL SCHOLARSHIP 1,000
    THOMAS LOGAN
    158 COLONIAL DRIVE
    EUTAW,AL35462     		  I EDUCATIONAL SCHOLARSHIP 500
    THOMAS RUTLAND
    13372 HIGHWAY 110
    FITZPATRICK,AL36029     		  I EDUCATIONAL SCHOLARSHIP 2,500
    THOMAS KIMBRO
    PO BOX 654
    BRANTLEY,AL36009     		  I EDUCATIONAL SCHOLARSHIP 1,000
    TOMMIA HERRING
    33 BIG TIME ROAD
    MARION,AL36756     		  I EDUCATIONAL SCHOLARSHIP 500
    TREVOR POTTS
    239 LEE ROAD 807
    OPELIKA,AL36804     		  I EDUCATIONAL SCHOLARSHIP 1,000
    TYLER LITTLES
    2640 HALCYON DOWNS LOOP
    MONTGOMERY,AL36117     		  I EDUCATIONAL SCHOLARSHIP 2,500
    VALERIA VELA
    38239 HIGHWAY 724
    RUSSELLVILLE,AL35654     		  I EDUCATIONAL SCHOLARSHIP 500
    VICTORIA CROWNOVER
    109 COUNTY ROAD 98
    BRIDGEPORT,AL35740     		  I EDUCATIONAL SCHOLARSHIP 500
    WILLIAM CLARK III
    112 3RD AVENUE
    ANDALUSIA,AL36420     		  I EDUCATIONAL SCHOLARSHIP 1,000
    WILLIAM REID
    577 COUNTY ROAD 1265
    VINEMONT,AL35179     		  I EDUCATIONAL SCHOLARSHIP 1,000
    WILLIAM SUMLIN
    7361 BOGEY BEND
    MONTGOMERY,AL36116     		  I EDUCATIONAL SCHOLARSHIP 2,500
    WILLIAM FREEMAN
    476 COUNTY ROAD 2251
    GOSHEN,AL36035     		  I EDUCATIONAL SCHOLARSHIP 1,000
    WYATT ALBERTSON
    1516 COUNTY ROAD 180
    LANETT,AL36863     		  I EDUCATIONAL SCHOLARSHIP 1,000
    CATHERINE CHON
    1213 HALLWOOD LANE
    MONTGOMERY,AL36117     		  I EDUCATIONAL SCHOLARSHIP 2,500
    HANNAH SEXTON
    1140 SOUTH GRAVEL HILL ROAD
    LUVERNE,AL36049     		  I EDUCATIONAL SCHOLARSHIP 1,000
    KERI SULLIVAN
    4698 GAINESTOWN ROAD
    JACKSON,AL36545     		  I EDUCATIONAL SCHOLARSHIP 1,000
    KOBE BOWEN
    4304 OLD STAGE ROAD
    GREENVILLE,AL36037     		  I EDUCATIONAL SCHOLARSHIP 1,000
    REGINALD LOWE JR
    3604 VILLAGE CREEK COURT
    OPELIKA,AL36801     		  I EDUCATIONAL SCHOLARSHIP 1,000
    ALAN CRISOLOGO
    1646 CANTOMA LANE NE
    CULLMAN,AL35055     		  I EDUCATIONAL SCHOLARSHIP 1,000
    ALLISON FLOWERS
    1489 COUNTY ROAD 69
    PRATTVILLE,AL36067     		  I EDUCATIONAL SCHOLARSHIP 250
    AUDREY KETHCUM
    392 VINING DRIVE
    DOTHAN,AL36303     		  I EDUCATIONAL SCHOLARSHIP 1,000
    AUSTIN WHITEHEAD
    440 HANGING MOSS TRAIL
    COTTONWOOD,AL36320     		  I EDUCATIONAL SCHOLARSHIP 1,000
    BAILEY ANDERSON
    255 PATTERSON ROAD
    DOTHAN,AL36301     		  I EDUCATIONAL EXPENSE 500
    BAILEY BIRDSONG
    311 N SHILOH ROAD
    HARTFORD,AL36344     		  I EDUCATIONAL SCHOLARSHIP 1,000
    BREA MURPHY
    7489 NORTH STATE HIGHWAY 123
    SLOCOMB,AL36375     		  I EDUCATIONAL SCHOLARSHIP 1,000
    CAMERON COTTON
    1370 COACH ROAD
    SLOCOMB,AL36375     		  I EDUCATIONAL SCHOLARSHIP 1,000
    CARLEY COOK
    454 WOODHAM ROAD
    ASHFORD,AL36312     		  I EDUCATIONAL SCHOLARSHIP 1,000
    CARRIE DOSS
    381 COUNTY ROAD 557
    HANCEVILLE,AL35077     		  I EDUCATIONAL SCHOLARSHIP 1,000
    CHRISTIAN NANCE
    1670 STATE HIGHWAY 85
    GENEVA,AL36340     		  I EDUCATIONAL SCHOLARSHIP 1,500
    DAWSON BOYD
    2166 COUNTY ROAD 1527
    CULLMAN,AL35058     		  I EDUCATIONAL SCHOLARSHIP 1,000
    DESTINY WILKERSON
    165 COUNTY ROAD 3703
    ADDISON,AL35540     		  I EDUCATIONAL SCHOLARSHIP 1,000
    DEVIN SIMMONS
    104 RESEDA LANE
    DOTHAN,AL36305     		  I EDUCATIONAL SCHOLARSHIP 1,000
    EDWARD LOVETT
    1584 COUNTY ROAD 1225
    VINEMONT,AL35179     		  I EDUCATIONAL SCHOLARSHIP 1,000
    EMILY BELL
    836 CAMPBELL ROAD
    GENEVA,AL36344     		  I EDUCATIONAL SCHOLARSHIP 5,000
    EMILY JOINER
    4470 COUNTY ROAD 36
    HARTFORD,AL36344     		  I EDUCATIONAL SCHOLARSHIP 1,000
    EMILY TANTON
    593 SAMMONS ROAD
    HARTFORD,AL36344     		  I EDUCATIONAL SCHOLARSHIP 1,000
    GABRIEL HAMM
    7797 EAST COUNTY ROAD 22
    ASHFORD,AL36312     		  I EDUCATIONAL SCHOLARSHIP 500
    GAVIN WEBER
    7145 JUDGE LOGUE ROAD
    NEWTON,AL36352     		  I EDUCATIONAL SCHOLARSHIP 1,000
    HANNAH SHIVER
    386 ROY MARTIN ROAD
    DOTHAN,AL36301     		  I EDUCATIONAL SCHOLARSHIP 500
    HANNAH PHILLIPS
    2814 COUNTY ROAD 44
    HARTFORD,AL36344     		  I EDUCATIONAL SCHOLARSHIP 1,000
    HUNTER WEEKS
    1585 HILLTOP ROAD
    NEWTON,AL36352     		  I EDUCATIONAL SCHOLARSHIP 1,000
    ISSAC SMITH
    2191 COUNTY ROAD 1674
    CULLMAN,AL35058     		  I EDUCATIONAL SCHOLARSHIP 1,000
    JAMES GREGGS
    599 HIGHBLUFF ROAD
    HARTFORD,AL36344     		  I EDUCATIONAL SCHOLARSHIP 1,000
    JARED FAULK
    1580 COUNTY LINE ROAD
    DOTHAN,AL36305     		  I EDUCATIONAL SCHOLARSHIP 1,000
    JONI RUDD
    1203 COUNTY ROAD 12
    ARLEY,AL35541     		  I EDUCATIONAL SCHOLARSHIP 1,000
    KAITLYN MCKNIGHT
    1442 NORTH STATE HIGHWAY 87
    SAMSON,AL36477     		  I EDUCATIONAL SCHOLARSHIP 1,000
    KATIE MCALLISTER
    850 HILLTOP ROAD
    NEWTON,AL36352     		  I EDUCATIONAL SCHOLARSHIP 1,000
    KENLEIGH MCCART
    144 HARVEST LANE
    DOTHAN,AL36301     		  I EDUCATIONAL SCHOLARSHIP 1,000
    LAURYN TANKERSLEY
    386 COUNTY ROAD 1522
    CULLMAN,AL35058     		  I EDUCATIONAL SCHOLARSHIP 1,000
    LEAH STRICKLAND
    622 HARVEST LANE
    DOTHAN,AL36301     		  I EDUCATIONAL SCHOLARSHIP 1,000
    LESLIE GLASS
    1061 BODIFORD ROAD
    PANSEY,AL36370     		  I EDUCATIONAL SCHOLARSHIP 1,000
    LUKE MARTI
    175 COUNTY ROAD 471
    CULLMAN,AL35055     		  I EDUCATIONAL SCHOLARSHIP 1,000
    MARLA LINDSEY
    25009 NORTH CREEK ROAD
    OPP,AL36467     		  I EDUCATIONAL SCHOLARSHIP 500
    MORGAN BROWN
    226 RIVER ROAD
    SAMSON,AL36477     		  I EDUCATIONAL SCHOLARSHIP 1,500
    MORGAN CALVERT
    506 COUNTY ROAD 107
    BREMEN,AL35033     		  I EDUCATIONAL SCHOLARSHIP 1,000
    SAIGE MCNIEL
    1995 STATE HIGHWAY 103
    SLOCOMB,AL36375     		  I EDUCATIONAL SCHOLARSHIP 1,000
    SERAH HUDSON
    2170 COUNTY ROAD 599
    HANCEVILLE,AL35077     		  I EDUCATIONAL SCHOLARSHIP 1,000
    THOMAS BAKER
    287 COUNTY ROAD 1396
    FALKVILLE,AL35622     		  I EDUCATIONAL SCHOLARSHIP 1,000
    TREVOR ADAMS
    406 OLYMPIA DRIVE
    DOTHAN,AL36301     		  I EDUCATIONAL SCHOLARSHIP 1,000
    Total .................................bullet 3a 160,750
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 155  
    4 Dividends and interest from securities....     14 24,760  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 7,340  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 32,255 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    32,255
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
    Yes
     
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    1c 0 ALABAMA RURAL ELECTRIC ASSOCIATION OF COOPERATIVES SHARES OFFICES AND PERFORMS ADMINITRATIVE FUNCTIONS FOR FOUNDATION.
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    ALABAMA RURAL ELECTRIC ASSOCIATION OF COOPERATIVES 501(C)(6) SHARES OFFICES AND PERFORMS ADMINISTRATIVE FUNCTIONS FOR FOUNDATION.
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2018)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2018
    Name of the organization
    ELECTRIC COOPERATIVE FOUNDATION INC
     
    Employer identification number

    63-1190086
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018) Page 2
    Name of organization
    ELECTRIC COOPERATIVE FOUNDATION INC
          		Employer identification number
    63-1190086
    Part I
    Contributors (See instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    CENTRAL ALABAMA ELECTRIC COOPERATIVE
     
    103 JESSE SAMUEL HUNT BLVD
     
    PRATTVILLE, AL36066

    		$ 9,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    CLARKE-WASHINGTON EMC
     
    PO BOX 398
     
    JACKSON, AL36545

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
    COVINGTON ELECTRIC COOPERATIVE
     
    PO BOX 1357
     
    ANDALUSIA, AL36420

    		$ 8,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    4
    CULLMAN ELECTRIC COOPERATIVE
     
    PO BOX 1168
     
    CULLMAN, AL35056

    		$ 12,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    5
    DIXIE ELECTRIC COOPERATIVE
     
    PO BOX 30
     
    UNION SPRINGS, AL36089

    		$ 34,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    6
    SOUTH ALABAMA ELECTRIC COOPERATIVE
     
    PO BOX 449
     
    TROY, AL360810449

    		$ 14,000


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Name of organization
    ELECTRIC COOPERATIVE FOUNDATION INC
          		Employer identification number
    63-1190086
    Part I
    Contributors (See instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    7
    SOUTHERN PINE ELECTRIC COOPERATIVE
     
    PO BOX 528
     
    BREWTON, AL36427

    		$ 11,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    8
    TALLAPOOSA RIVER ELECTRIC COOPERATIVE
     
    PO BOX 675
     
    LAFAYETTE, AL36862

    		$ 7,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    9
    WIREGRASS ELECTRIC COOPERATIVE
     
    PO BOX 158
     
    HARTFORD, AL36344

    		$ 26,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    10
    TOMBIGBEE ELECTRIC
     
    3196 CO RD 55
     
    HAMILTON, AL35570

    		$ 6,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 3
    Name of organization
    ELECTRIC COOPERATIVE FOUNDATION INC
          		Employer identification number

    63-1190086
    Part II
    Noncash Property (See instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 4
    Name of organization
    ELECTRIC COOPERATIVE FOUNDATION INC
          		Employer identification number

    63-1190086
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2018 AccountingFeesSchedule
    Name:
    ELECTRIC COOPERATIVE FOUNDATION INC
    EIN:
    63-1190086
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 5,950 0   0

    TY 2018 InvestmentsOtherSchedule2
    Name:
    ELECTRIC COOPERATIVE FOUNDATION INC
    EIN:
    63-1190086
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    MUTUAL FUNDS FMV 247,728 247,728

    TY 2018 OtherDecreasesSchedule
    Name:
    ELECTRIC COOPERATIVE FOUNDATION INC
    EIN:
    63-1190086
    Description Amount
    UNREALIZED GAIN ON MARKETABLE SECURITIES 49,387


    TY 2018 OtherExpensesSchedule
    Name:
    ELECTRIC COOPERATIVE FOUNDATION INC
    EIN:
    63-1190086
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    POSTAGE 667 0   0
    OFFICE EXPENSE 7,817 0   0


    TY 2018 OtherLiabilitiesSchedule
    Name:
    ELECTRIC COOPERATIVE FOUNDATION INC
    EIN:
    63-1190086
    Description Beginning of Year - Book Value End of Year - Book Value
    DEFERRED SCHOLARSHIPS 4,882 13,323


    TY 2018 SubstantialContributorsSch
    Name:
    ELECTRIC COOPERATIVE FOUNDATION INC
    EIN:
    63-1190086
    Name Address
    ALABAMA RURAL ELECTRIC ASSOCIATION  
     


    TY 2018 TaxesSchedule
    Name:
    ELECTRIC COOPERATIVE FOUNDATION INC
    EIN:
    63-1190086
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAXES 211 0   0