-
TIN:
Form
990-PF
Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
Do not enter social security numbers on this form as it may be made public.
Go to
www.irs.gov/Form990PF
for instructions and the latest information.
OMB No. 1545-0052
20
19
Open to Public Inspection
For calendar year 2019, or tax year beginning
01-01-2019
, and ending
12-31-2019
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
,
AL
36124
A Employer identification number
63-1190086
B
Telephone number (see instructions)
(334) 215-2732
C
If exemption application is pending, check here
G
Check all that apply:
Initial return
Initial return of a former public charity
Final return
Amended return
Address change
Name change
D 1.
Foreign organizations, check here.............
2
. Foreign organizations meeting the 85%
test, check here and attach computation ...
E
If private foundation status was terminated
under section 507(b)(1)(A), check here .......
H
Check type of organization:
Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust
Other taxable private foundation
F
If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here .......
I
Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)
$
312,683
J
Accounting method:
Cash
Accrual
Other (specify)
(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)
1
Contributions, gifts, grants, etc., received (attach schedule)
194,776
2
Check
.............
3
Interest on savings and temporary cash investments
399
399
4
Dividends and interest from securities
...
39,498
39,498
5a
Gross rents
............
b
Net rental income or (loss)
6a
Net gain or (loss) from sale of assets not on line 10
7,286
b
Gross sales price for all assets on line 6a
20,000
7
Capital gain net income (from Part IV, line 2)
...
7,286
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
........
241,959
47,183
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)
.......
3,500
0
0
c
Other professional fees (attach schedule)
....
17
Interest
...............
18
Taxes (attach schedule) (see instructions)
...
323
0
0
19
Depreciation (attach schedule) and depletion
...
20
Occupancy
..............
21
Travel, conferences, and meetings
.......
22
Printing and publications
..........
1,141
0
0
23
Other expenses (attach schedule)
.......
8,775
0
0
24
Total operating and administrative expenses.
Add lines 13 through 23
..........
13,739
0
0
25
Contributions, gifts, grants paid
.......
200,500
200,500
26
Total expenses and disbursements.
Add lines 24 and 25
214,239
0
200,500
27
Subtract line 26 from line 12:
a
Excess of revenue over expenses and disbursements
27,720
b
Net investment income
(if negative, enter -0-)
47,183
c
Adjusted net income
(if negative, enter -0-)
...
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X
Form
990-PF
(2019)
Form 990-PF (2019)
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
1
Cash—non-interest-bearing
.............
2
Savings and temporary cash investments
.........
19,876
18,490
18,490
3
Accounts receivable
Less: allowance for doubtful accounts
4
Pledges receivable
Less: allowance for doubtful accounts
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)
Less: allowance for doubtful accounts
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
Less: accumulated depreciation (attach schedule)
12
Investments—mortgage loans
.............
13
Investments—other (attach schedule)
..........
247,728
294,193
294,193
14
Land, buildings, and equipment: basis
Less: accumulated depreciation (attach schedule)
15
Other assets (describe
)
16
Total assets
(to be completed by all filers—see the
instructions. Also, see page 1, item I)
267,604
312,683
312,683
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
)
13,323
11,000
23
Total liabilities
(add lines 17 through 22)
.........
13,323
11,000
Foundations that follow FASB ASC 958, check here
and complete lines 24, 25, 29 and 30.
24
Net assets without donor restrictions
...........
254,281
301,683
25
Net assets with donor restrictions
............
Foundations that do not follow FASB ASC 958, check here
and complete lines 26 through 30.
26
Capital stock, trust principal, or current funds
........
27
Paid-in or capital surplus, or land, bldg., and equipment fund
28
Retained earnings, accumulated income, endowment, or other funds
29
Total net assets or fund balances
(see instructions)
.....
254,281
301,683
30
Total liabilities and net assets/fund balances
(see instructions)
.
267,604
312,683
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 29 (must agree with end-of-year figure reported on prior year’s return)
...............
1
254,281
2
Enter amount from Part I, line 27a
.....................
2
27,720
3
Other increases not included in line 2 (itemize)
3
19,682
4
Add lines 1, 2, and 3
..........................
4
301,683
5
Decreases not included in line 2 (itemize)
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29
.
6
301,683
Form
990-PF
(2019)
Form 990-PF (2019)
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
12,714
7,286
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
7,286
b
c
d
e
2
Capital gain net income or (net capital loss)
If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7
2
7,286
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
...................
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?
Yes
No
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))
2018
160,427
312,901
0.512708
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
2
Total
of line 1, column (d)
.....................
2
1.991574
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
0.398315
4
Enter the net value of noncharitable-use assets for 2019 from Part X, line 5
......
4
290,069
5
Multiply line 4 by line 3
......................
5
115,539
6
Enter 1% of net investment income (1% of Part I, line 27b)
...........
6
472
7
Add lines 5 and 6
........................
7
116,011
8
Enter qualifying distributions from Part XII, line 4
,.............
8
200,500
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
(2019)
Form 990-PF (2019)
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
and enter “N/A" on line 1.
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
472
here
and 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
472
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
472
6
Credits/Payments:
a
2019 estimated tax payments and 2018 overpayment credited to 2019
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
472
d
Backup withholding erroneously withheld
...........
6d
0
7
Total credits and payments. Add lines 6a through 6d
..............
7
472
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
.......
9
0
10
Overpayment.
If line 7 is more than the total of lines 5 and 8, enter the
amount overpaid
...
10
11
Enter the amount of line 10 to be:
Credited to 2020 estimated tax
Refunded
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.
$
0
(2)
On foundation managers.
$
0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.
$
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)
AL
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 2019 or the taxable year beginning in 2019? 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.
...............................
10
Yes
Form
990-PF
(2019)
Form 990-PF (2019)
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 address
WWW.AREAPOWER.COM
14
The books are in care of
KARL RAYBORN
Telephone no.
(334) 215-2732
Located at
340 TECHNACENTER DRIVE
MONTGOMERY
AL
ZIP+4
36117
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of
Form 1041
—check here
.........
and enter the amount of tax-exempt interest received or accrued during the year
........
15
16
At any time during calendar year 2019, did the foundation have an interest in or a signature or other authority over
Yes
No
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
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?
Yes
No
(2)
Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person?
......................
Yes
No
(3)
Furnish goods, services, or facilities to (or accept them from) a disqualified person?
Yes
No
(4)
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
Yes
No
(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)?
...............
Yes
No
(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.)
.......
Yes
No
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
Organizations relying on a current notice regarding disaster assistance check here
........
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 2019?
.............
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 2019, did the foundation have any undistributed income (lines 6d
and 6e, Part XIII) for tax year(s) beginning before 2019?
.............
Yes
No
If "Yes," list the years
20
,
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.
20
,
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?
......................
Yes
No
b
If "Yes," did it have excess business holdings in 2019 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 2019.)
..................
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 2019?
4b
No
Form
990-PF
(2019)
Form 990-PF (2019)
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))?
Yes
No
(2)
Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive?
.............
Yes
No
(3)
Provide a grant to an individual for travel, study, or other similar purposes?
Yes
No
(4)
Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions
................
Yes
No
(5)
Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals?
.....
Yes
No
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
Organizations relying on a current notice regarding disaster assistance check here
.........
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?
..........
Yes
No
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?
.....................
Yes
No
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?
Yes
No
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?
.................
Yes
No
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
DAVID HEMBREE
CHAIRMAN
1.00
0
0
0
PO BOX 244014
MONTGOMERY
,
AL
36124
FRED BRASWELL
EXECUTIVE DIRECTOR/SECRETA
1.00
0
0
0
PO BOX 244014
MONTGOMERY
,
AL
36124
KARL RAYBORN
TREASURER
2.00
0
0
0
PO BOX 244014
MONTGOMERY
,
AL
36124
STEVE FORSHEE
DIRECTOR
1.00
0
0
0
PO BOX 244014
MONTGOMERY
,
AL
36124
MAX HYATT
DIRECTOR
1.00
0
0
0
PO BOX 244014
MONTGOMERY
,
AL
36124
VINCE JOHNSON
DIRECTOR
1.00
0
0
0
PO BOX 244014
MONTGOMERY
,
AL
36124
DELANEY KERVIN
DIRECTOR
1.00
0
0
0
PO BOX 244014
MONTGOMERY
,
AL
36124
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
...................
0
Form
990-PF
(2019)
Form 990-PF (2019)
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
.............
0
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.
200,500
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
.........................
0
Form
990-PF
(2019)
Form 990-PF (2019)
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
271,816
b
Average of monthly cash balances
.......................
1b
22,670
c
Fair market value of all other assets (see instructions)
................
1c
0
d
Total
(add lines 1a, b, and c)
.........................
1d
294,486
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
294,486
4
Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
instructions)
.............................
4
4,417
5
Net value of noncharitable-use assets.
Subtract line 4 from line 3. Enter here and on Part V, line 4
5
290,069
6
Minimum investment return.
Enter 5% of line 5
..................
6
14,503
Part XI
Distributable Amount
(see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here
and do not complete this part.)
1
Minimum investment return from Part X, line 6
....................
1
14,503
2a
Tax on investment income for 2019 from Part VI, line 5
......
2a
472
b
Income tax for 2019. (This does not include the tax from Part VI.)
...
2b
c
Add lines 2a and 2b
............................
2c
472
3
Distributable amount before adjustments. Subtract line 2c from line 1
............
3
14,031
4
Recoveries of amounts treated as qualifying distributions
................
4
0
5
Add lines 3 and 4
............................
5
14,031
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
14,031
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
200,500
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
200,500
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
472
6
Adjusted qualifying distributions.
Subtract line 5 from line 4
..............
6
200,028
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
(2019)
Form 990-PF (2019)
Page
9
Part XIII
Undistributed Income
(see instructions)
(a)
Corpus
(b)
Years prior to 2018
(c)
2018
(d)
2019
1
Distributable amount for 2019 from Part XI, line 7
14,031
2
Undistributed income, if any, as of the end of 2019:
a
Enter amount for 2018 only
.......
0
b
Total for prior years:
20
,
20
,
20
0
3
Excess distributions carryover, if any, to 2019:
a
From 2014
......
44,256
b
From 2015
......
72,162
c
From 2016
......
99,454
d
From 2017
......
128,861
e
From 2018
......
145,428
f
Total
of lines 3a through e
........
490,161
4
Qualifying distributions for 2019 from Part
XII, line 4:
$
200,500
a
Applied to 2018, 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 2019 distributable amount
.....
14,031
e
Remaining amount distributed out of corpus
186,469
5
Excess distributions carryover applied to 2019.
0
0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6
Enter the net total of each column as
indicated below:
a
Corpus. Add lines 3f, 4c, and 4e. Subtract line 5
676,630
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 2018. Subtract line
4a from line 2a. Taxable amount—see
instructions
.............
0
f
Undistributed income for 2019. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2020
..........
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 2014 not
applied on line 5 or line 7 (see instructions)
...
44,256
9
Excess distributions carryover to 2020.
Subtract lines 7 and 8 from line 6a
......
632,374
10
Analysis of line 9:
a
Excess from 2015
....
72,162
b
Excess from 2016
....
99,454
c
Excess from 2017
....
128,861
d
Excess from 2018
....
145,428
e
Excess from 2019
....
186,469
Form
990-PF
(2019)
Form 990-PF (2019)
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 2019, enter the date of the ruling
.......
b
Check box to indicate whether the organization is a private operating foundation described in section
4942(j)(3)
or
4942(j)(5)
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)
2019
(b)
2018
(c)
2017
(d)
2016
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.)
1
Information Regarding Foundation Managers:
a
List 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).)
b
List 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.
2
Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here
if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
a
The 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
,
AL
361244014
(334) 215-2732
b
The 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.
c
Any submission deadlines:
FEBRUARY 15, 2019
d
Any 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
(2019)
Form 990-PF (2019)
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)
a
Paid during the year
PHUNG NGUYEN
1438 GOLFVIEW DRIVE
ARAB
,
AL
35016
I
EDUCATIONAL SCHOLARSHIP
1,000
ROSE SPARKS
2056 WEDGEWOOD DRIVE NE
ARAB
,
AL
35016
I
EDUCATIONAL SCHOLARSHIP
1,000
PETERSON JONES
23360 MAIN STREET
FAIRHOPE
,
AL
36532
I
EDUCATIONAL SCHOLARSHIP
500
MICIAH MILLER
10625 POSER DRIVE
FAIRHOPE
,
AL
36532
I
EDUCATIONAL SCHOLARSHIP
500
MARIE BROUSSARD
33241 ALABAMA HIGHWAY 25
FAUNSDALE
,
AL
36738
I
EDUCATIONAL SCHOLARSHIP
500
LEDELL PEARSON
208 EAST CEDAR AVENUE
MYRTLEWOOD
,
AL
36763
I
EDUCATIONAL SCHOLARSHIP
500
PAIGE MEANS
6208 US HIGHWAY 43
EUTAW
,
AL
35462
I
EDUCATIONAL SCHOLARSHIP
500
BEYONCE' JACKSON
6491 HIGHWAY 183
UNION TOWN
,
AL
36786
I
EDUCATIONAL SCHOLARSHIP
500
ANNE BRADLEY
8441 SUMTER 23
LIVINGSTON
,
AL
35470
I
EDUCATIONAL SCHOLARSHIP
500
NYKOLE BRAXTON
631 JUNIPER STREET
GALLION
,
AL
36772
I
EDUCATIONAL SCHOLARSHIP
500
DALTON SEWELL
134 BAKER ROAD
GALLION
,
AL
36742
I
EDUCATIONAL SCHOLARSHIP
500
DWAYNE MANNING
4831 WIMBERLY ROAD
TOXEY
,
AL
36921
I
EDUCATIONAL SCHOLARSHIP
500
DAVID WILSON
1886 PLEASANT HILL ROAD
GILBERTOWN
,
AL
36908
I
EDUCATIONAL SCHOLARSHIP
500
RAY GANDY
3878 MCDOWELL ROAD
LIVINGSTON
,
AL
35470
I
EDUCATIONAL SCHOLARSHIP
500
VANESSA ADAMS
1989 SUNRISE DRIVE
PRATTVILLE
,
AL
36067
I
EDUCATIONAL SCHOLARSHIP
2,500
KATHERINE BURDETT
5351 JANE ROAD
MILLBROOK
,
AL
36054
I
EDUCATIONAL SCHOLARSHIP
2,500
DEAN PARRETT
1585 NEW COUNTY LINE ROAD
SYLACAUGA
,
AL
35151
I
EDUCATIONAL SCHOLARSHIP
2,500
ANDREW GOODWIN
176 PINEWOOD DRIVE
MILLBROOK
,
AL
36054
I
EDUCATIONAL SCHOLARSHIP
2,500
ELIZABETH GRAVES
1125 COUNTY ROAD 79
CENTRE
,
AL
35960
I
EDUCATIONAL SCHOLARSHIP
500
BROOKE CARROLL
220 LAKEFRONT DRIVE
LEESBURG
,
AL
35983
I
EDUCATIONAL SCHOLARSHIP
500
DENISE NIX
103 CLARKE STREET
GROVE HILL
,
AL
36451
I
EDUCATIONAL SCHOLARSHIP
1,000
ADDISON ODOM
4750 WINN ROAD
JACKSON
,
AL
36545
I
EDUCATIONAL SCHOLARSHIP
1,000
JAMES COOKE
221 BUGGS BUNNY ROAD
GROVE HILL
,
AL
36451
I
EDUCATIONAL SCHOLARSHIP
1,000
DWAIN SINGLETON
PO BOX 1372
CHATOM
,
AL
36518
I
EDUCATIONAL SCHOLARSHIP
1,000
DIANA PERRY
PO BOX 225
LEROY
,
AL
36548
I
EDUCATIONAL SCHOLARSHIP
1,000
MORGAN BRUNSON
160 MICHAEL DRIVE E
JACKSON
,
AL
36545
I
EDUCATIONAL SCHOLARSHIP
1,000
DARLING GARNER
14259 PINEWOOD ROAD
ANDALUSIA
,
AL
36421
I
EDUCATIONAL SCHOLARSHIP
1,000
GARVIN AYERS
1032 GEORGIANA HIGHWAY
BRANTLEY
,
AL
36009
I
EDUCATIONAL SCHOLARSHIP
1,000
COOPER EDSON
28758 EALUM MILL ROAD
RED LEVEL
,
AL
36474
I
EDUCATIONAL SCHOLARSHIP
1,000
DANIELLE FREE
9597 WEST EMMETT AVENUE
BRANTLEY
,
AL
36009
I
EDUCATIONAL SCHOLARSHIP
1,000
THOMAS WATSON
23453 OLD DRAGSTRIP ROAD
ANDALUSIA
,
AL
36421
I
EDUCATIONAL SCHOLARSHIP
1,000
JACOB WOOD
1233 COUNTY ROAD 455
KINSTON
,
AL
36453
I
EDUCATIONAL SCHOLARSHIP
1,000
TAYLOR HALL
259 MORGAN MILL ROAD
BRANTLEY
,
AL
36009
I
EDUCATIONAL SCHOLARSHIP
1,000
GRACE WORLEY
11368 GRASSLAND ROAD
ANDALUSIA
,
AL
36420
I
EDUCATIONAL SCHOLARSHIP
1,000
GREGORY HATAWAY
2384 COUNTY ROAD 477
KINSTON
,
AL
36453
I
EDUCATIONAL SCHOLARSHIP
1,000
ELLYN RABREN
31441 FIVE POINTS ROAD
DOZIER
,
AL
36028
I
EDUCATIONAL SCHOLARSHIP
1,000
SHANDRAY COOK
404 W EWING STREET
SAMSON
,
AL
36477
I
EDUCATIONAL SCHOLARSHIP
1,000
LYNN SMITH
1896 COUNTY ROAD 643
CULLMAN
,
AL
35055
I
EDUCATIONAL SCHOLARSHIP
1,000
JAMAL FEAGIN
94 PLANT ROAD
UNION SPRINGS
,
AL
36089
I
EDUCATIONAL SCHOLARSHIP
2,500
MORGAN GANDY
181 EDGEWOOD COURT
MATHEWS
,
AL
36052
I
EDUCATIONAL SCHOLARSHIP
2,500
PHILLIP LANKFORD
8410 CHADBURN CROSSING
MONTGOMERY
,
AL
36116
I
EDUCATIONAL SCHOLARSHIP
2,500
EILEEN PARKER
7815 EBURY STREET
MONTGOMERY
,
AL
36116
I
EDUCATIONAL SCHOLARSHIP
2,500
HAYDEN CENTER
275 PLANTATION TRAIL
MATHEWS
,
AL
36052
I
EDUCATIONAL SCHOLARSHIP
2,500
RA'SHAE JOHNSON
205 JENKINS ROAD
UNION SPRINGS
,
AL
36059
I
EDUCATIONAL SCHOLARSHIP
2,500
NAZEEH COLLINS
5342 SIENNA CIRCLE
MONTGOMERY
,
AL
36116
I
EDUCATIONAL SCHOLARSHIP
2,500
GABRIELLE ROSS
7319 ANNA ROSE DRIVE
MONTGOMERY
,
AL
36117
I
EDUCATIONAL SCHOLARSHIP
2,500
ISAAC SANSOM
2219 FANNIN MILL ROAD
GRADY
,
AL
36036
I
EDUCATIONAL SCHOLARSHIP
5,000
YANETHIA PATTERSON
3356 HIGHWAY 223
UNION SPRINGS
,
AL
36089
I
EDUCATIONAL SCHOLARSHIP
2,500
TANISE GACHETT
11653 COUNTY ROAD 7
TROY
,
AL
36081
I
EDUCATIONAL SCHOLARSHIP
2,500
P MADDOX
131 OLD PUMP COURT
MONTGOMERY
,
AL
36117
I
EDUCATIONAL SCHOLARSHIP
2,500
MARIE CABRAL
10 BOYKIN LAKES BOULEVARD
PIKE ROAD
,
AL
36064
I
EDUCATIONAL SCHOLARSHIP
2,500
JADIA WILLIAMS
9825 BLACK CHERRY COURT
PIKE ROAD
,
AL
36064
I
EDUCATIONAL SCHOLARSHIP
2,500
KATHRYN WILLIS
2679 HIGHWAY 56
RUSSELLVILLE
,
AL
35654
I
EDUCATIONAL SCHOLARSHIP
500
DEANN WINSTED
5821 WATERLOO ROAD
RUSSELLVILLE
,
AL
35653
I
EDUCATIONAL SCHOLARSHIP
500
KATHERINE PACE
305 DOMINION DRIVE
HARTSELLE
,
AL
35640
I
EDUCATIONAL SCHOLARSHIP
500
ELIZABETH GRAHAM
13340 COUNTY ROAD 9
MOULTON
,
AL
35650
I
EDUCATIONAL SCHOLARSHIP
500
JOSEPH DUCKETT
2924 BEULAH ROAD
BOAZ
,
AL
35957
I
EDUCATIONAL SCHOLARSHIP
1,000
LEIGH HOOD
51 ELROD STREET
CROSSVILLE
,
AL
35962
I
EDUCATIONAL SCHOLARSHIP
1,000
MELEIGHA ANDERSON
1873 OAK GROVE ROAD
CROSSVILLE
,
AL
35962
I
EDUCATIONAL SCHOLARSHIP
1,000
ALEXANDRIA BLACK
14367 ALABAMA HIGHWAY 68
CROSSVILLE
,
AL
35962
I
EDUCATIONAL SCHOLARSHIP
1,000
CATHRYN BURNS
110 WOODWIND DRIVE
BOAZ
,
AL
35957
I
EDUCATIONAL SCHOLARSHIP
1,000
ISSAC DOLLAR
332 MARTLING CUT-OFF ROAD
ALBERTVILLE
,
AL
35951
I
EDUCATIONAL SCHOLARSHIP
1,000
PAIGE PARKER
309 COUNTY ROAD 245
SCOTTSBORO
,
AL
35768
I
EDUCATIONAL SCHOLARSHIP
500
MARIE LANKFORD
383 DAYTON LANE
GRANT
,
AL
35747
I
EDUCATIONAL SCHOLARSHIP
500
NICOLE HARLOW
401 AGNES LANE
OZARK
,
AL
36360
I
EDUCATIONAL SCHOLARSHIP
1,000
ELLEN GRANTHUM
1086 COUNTY ROAD 439
SELMA
,
AL
36701
I
EDUCATIONAL SCHOLARSHIP
1,000
ASHLEY HARRELL
307 COLE ROAD
FOREST HOME
,
AL
36030
I
EDUCATIONAL SCHOLARSHIP
1,000
STONE YATES
27779 ALABAMA HIGHWAY 71
FLAT ROCK
,
AL
35966
I
EDUCATIONAL SCHOLARSHIP
1,000
QUINESHA DANIELS
106 DOE DRIVE
TROY
,
AL
36081
I
EDUCATIONAL SCHOLARSHIP
1,000
GRACE REDMON
2167 COUNTY ROAD 2214
TROY
,
AL
36079
I
EDUCATIONAL SCHOLARSHIP
1,000
NAVEON SCOTT
4695 COUNTY ROAD 7755
TROY
,
AL
36081
I
EDUCATIONAL SCHOLARSHIP
1,000
ROSE JOHNSON
1476 COUNTY ROAD 223
JACK
,
AL
36346
I
EDUCATIONAL SCHOLARSHIP
1,000
TACARA BURDEN
1435 COUNTY ROAD 1101
TROY
,
AL
36079
I
EDUCATIONAL SCHOLARSHIP
1,000
LILLIAN CALDWELL
8 DARIEN CHURCH ROAD
LUVERNE
,
AL
36049
I
EDUCATIONAL SCHOLARSHIPEDUCATIONAL SCHOLARSHIP
1,000
NICHOLE GRANT
6071 COUNTY ROAD 305
GLENWOOD
,
AL
36034
I
EDUCATIONAL SCHOLARSHIP
1,000
SIERRA LEWIS
2028 COUNTY ROAD 2281
GLENWOOD
,
AL
36034
I
EDUCATIONAL SCHOLARSHIP
1,000
NICOLE TAYLOR
2707 TAYLOR CROSS ROAD
LAPINE
,
AL
36046
I
EDUCATIONAL SCHOLARSHIP
1,000
RIVERS COPELAND
131 COUNTY ROAD 4410
BRUNDIDGE
,
AL
36010
I
EDUCATIONAL SCHOLARSHIP
1,000
GRACE DUBOSE
2331 COUNTY ROAD 2203
GOSHEN
,
AL
36035
I
EDUCATIONAL SCHOLARSHIP
1,000
LYNN HUSSEY
1010 COUNTY ROAD 220
ELBA
,
AL
36323
I
EDUCATIONAL SCHOLARSHIP
1,000
LAYSHANDIA LAMPLEY
836 COUNTY ROAD 201
BANKS
,
AL
36005
I
EDUCATIONAL SCHOLARSHIP
1,000
DARNELL OLIVER
1285 TUCKER ROAD
GRADY
,
AL
36036
I
EDUCATIONAL SCHOLARSHIP
1,000
ALEXANDER WATTS
2526 OLIVER MYERS ROAD
HIGHLAND HOME
,
AL
36041
I
EDUCATIONAL SCHOLARSHIP
1,000
BROOKS WILLIAMSON
4663 OLD BRANTLEY LUVERNE ROAD
BRANTLEY
,
AL
36009
I
EDUCATIONAL SCHOLARSHIP
1,000
ANDREW FULLER
PO BOX 615
LUVERNE
,
AL
36049
I
EDUCATIONAL SCHOLARSHIP
1,000
GREYSON LAYTON
7580 S GLENWOOD ROAD
BRANTLEY
,
AL
36009
I
EDUCATIONAL SCHOLARSHIP
1,000
SHYANNE ALLEN
1248 COUNTY ROAD 134
JACK
,
AL
36346
I
EDUCATIONAL SCHOLARSHIP
1,000
ASHTON CLIFTON
198 COUNTY ROAD 1135
GOSHEN
,
AL
36035
I
EDUCATIONAL SCHOLARSHIP
1,000
SCOTT NETTLES
921 COUNTY ROAD 9
EVERGREEN
,
AL
36401
I
EDUCATIONAL SCHOLARSHIP
1,000
ELLIOTT RICHARDSON
384 GILLIE ROACHE LANE
EVERGREEN
,
AL
36401
I
EDUCATIONAL SCHOLARSHIP
1,000
ELIZABETH RUSSELL
1756 WINSTON HARPER ROAD
EVERGREEN
,
AL
36401
I
EDUCATIONAL SCHOLARSHIP
1,000
RAY HENDERSON
312 W BYRD STREET
FRISCO CITY
,
AL
36445
I
EDUCATIONAL SCHOLARSHIP
1,000
KATHERINE KNOWLES
4605 OLD ATMORE ROAD
FLOMATON
,
AL
36441
I
EDUCATIONAL SCHOLARSHIP
1,000
DAVID LINAM
62539 PRESLEY ROAD
ATMORE
,
AL
36502
I
EDUCATIONAL SCHOLARSHIP
1,000
LYNN KIRKLAND
103 TESONE BOULEVARD
BREWTON
,
AL
36426
I
EDUCATIONAL SCHOLARSHIP
1,000
REED WINTON
2022 SOWELL ROAD
BREWTON
,
AL
36426
I
EDUCATIONAL SCHOLARSHIP
1,000
DELANEY HILL
910 ARENA ROAD
FRISCO CITY
,
AL
36445
I
EDUCATIONAL SCHOLARSHIP
1,000
JAY JACKSON
82 EMMY LANE
FLOMATON
,
AL
36441
I
EDUCATIONAL SCHOLARSHIP
1,000
LEIGH MOULDER
42 WHITE POST LANE
BREWTON
,
AL
36426
I
EDUCATIONAL SCHOLARSHIP
1,000
ELISABETH WIGGINS
4974 BEAVER CREEK ROAD
WING
,
AL
36483
I
EDUCATIONAL SCHOLARSHIP
1,000
MICHELLE WEBB
545 TIPPENS EDDY ROAD
BREWTON
,
AL
36426
I
EDUCATIONAL SCHOLARSHIP
1,000
COURSON WHITWORTH
228 LONG BOULEVARD
BREWTON
,
AL
36426
I
EDUCATIONAL SCHOLARSHIP
1,000
REBECCA LISENBY
19 KNOLLWOOD LANE
BREWTON
,
AL
36426
I
EDUCATIONAL SCHOLARSHIP
1,000
DANIELLE MOYE
2433 SHADOW HILL DRIVE
BREWTON
,
AL
36426
I
EDUCATIONAL SCHOLARSHIP
1,000
CATHERINE THOMAS
111 ALEXANDER DRIVE
BREWTON
,
AL
36426
I
EDUCATIONAL SCHOLARSHIP
1,000
MICHAEL BOATWRIGHT
1429 KELLY AVENUE
MONROEVILLE
,
AL
36460
I
EDUCATIONAL SCHOLARSHIP
1,000
JEANICE BAXTER
916 MCGOUGIN ROAD
BREWTON
,
AL
36426
I
EDUCATIONAL SCHOLARSHIP
1,000
JONES GODWIN
119 ALEXANDER DRIVE
BREWTON
,
AL
36426
I
EDUCATIONAL SCHOLARSHIP
1,000
LANDON CHEANEY
121 BLUE BIRD LANE
DAVISTON
,
AL
36256
I
EDUCATIONAL SCHOLARSHIP
1,500
MILLER DANIELS
1952 YEARLING COURT
AUBURN
,
AL
36880
I
EDUCATIONAL SCHOLARSHIP
1,500
RICHARD-CLAUDE HERRING
3100 LAFAYETTE PARKWAY
OPELIKA
,
AL
36801
I
EDUCATIONAL SCHOLARSHIP
1,500
RUSSELL HORNE
926 LEE ROAD 307
PHENIX CITY
,
AL
36867
I
EDUCATIONAL SCHOLARSHIP
1,500
GARDNER OGBURN
2176 CONSERVATION DRIVE
WAVERLY
,
AL
36879
I
EDUCATIONAL SCHOLARSHIP
1,500
JALISE UPSHAW
7 RAMPART STREET
FT MITCHELL
,
AL
36856
I
EDUCATIONAL SCHOLARSHIP
1,500
ROBERT COONLEY
128 CAMP PARKMAN ROAD
PHENIX CITY
,
AL
36869
I
EDUCATIONAL SCHOLARSHIP
1,500
MORGAN YOUNTZ
2701 OLD COLUMBUS ROAD
OPELIKA
,
AL
36804
I
EDUCATIONAL SCHOLARSHIP
1,500
TYLER SLONE
166 SHADY ROAD
SULLIGENT
,
AL
35586
I
EDUCATIONAL SCHOLARSHIP
1,000
LANE MITCHELL
3311 COUNTY HIGHWAY 162
BRILLIANT
,
AL
35548
I
EDUCATIONAL SCHOLARSHIP
1,000
ELAINE OTTS
960 MT HEBRON ROAD
BEAVERTON
,
AL
35544
I
EDUCATIONAL SCHOLARSHIP
1,000
ILIANA MUJICA
752 COUNTY ROAD 112
HACKLEBURG
,
AL
35564
I
EDUCATIONAL SCHOLARSHIP
1,000
NICOLE PEARCE
PO BOX 128
GUIN
,
AL
35563
I
EDUCATIONAL SCHOLARSHIP
1,000
BRADLEY SCOTT
5399 CODY ROAD
KENNEDY
,
AL
35574
I
EDUCATIONAL SCHOLARSHIP
1,000
GRACE SMITH
1090 TAYLOR ROAD
HAMILTON
,
AL
35570
I
EDUCATIONAL SCHOLARSHIP
1,000
CHANNING HOLDBROOKS
1509 COUNTY ROAD 130
WINFIELD
,
AL
35594
I
EDUCATIONAL SCHOLARSHIP
1,000
JAMES ANDERSON
255 PATTERSON ROAD
DOTHAN
,
AL
36301
I
EDUCATIONAL SCHOLARSHIP
3,000
LEE BUTLER
21093 WESELY AVENUE N
CULLMAN
,
AL
35058
I
EDUCATIONAL SCHOLARSHIP
1,000
DEEP
231 COUNTY ROAD 1300
VINEMONT
,
AL
35179
I
EDUCATIONAL SCHOLARSHIP
1,000
RILEY FINCHER
64 NATHAN LOOP
ARLEY
,
AL
35541
I
EDUCATIONAL SCHOLARSHIP
1,000
ELIZABETH WOMACK
763 SARDIS AIRPORT ROAD
ADDISON
,
AL
35540
I
EDUCATIONAL SCHOLARSHIP
1,000
LAKAYE TUCKER
1221 LESSMAN STREET SW
CULLMAN
,
AL
35055
I
EDUCATIONAL SCHOLARSHIP
1,000
LYNN GRIMES
1717 BYRD ROAD
HARTSELLE
,
AL
35640
I
EDUCATIONAL SCHOLARSHIP
1,000
RILEY CARROLL
98 COUNTY ROAD 1489
CULLMAN
,
AL
35058
I
EDUCATIONAL SCHOLARSHIP
1,000
DYAN ALLEN
512 COUNTY ROAD 732
CULLMAN
,
AL
35055
I
EDUCATIONAL SCHOLARSHIP
1,000
LISSETH DIOS
4314 COUNTY ROAD 1141
CULLMAN
,
AL
35057
I
EDUCATIONAL SCHOLARSHIP
1,000
ALEXUS HAMBY
175 COUNTY ROAD 580
HANCEVILLE
,
AL
35077
I
EDUCATIONAL SCHOLARSHIP
1,000
DAWN MILLWOOD
176 COUNTY ROAD 1247
VINEMONT
,
AL
35057
I
EDUCATIONAL SCHOLARSHIP
1,000
NOELLE MEGRON
317 COUNTY ROAD 111
BREMEN
,
AL
35033
I
EDUCATIONAL SCHOLARSHIP
1,000
CLAIRE APLIN
450 WATERFORD WAY
ASHFORD
,
AL
36312
I
EDUCATIONAL SCHOLARSHIP
1,000
L AWAD
1394 WILLIE VARNUM ROAD
DOTHAN
,
AL
36301
I
EDUCATIONAL SCHOLARSHIP
1,000
R BAILEY
1392 N COUNTY ROAD 61
HARTFORD
,
AL
36344
I
EDUCATIONAL SCHOLARSHIP
1,000
L BIRGE
508 ORCHARD CIRCLE
DOTHAN
,
AL
36305
I
EDUCATIONAL SCHOLARSHIP
2,500
E BOATRIGHT
1728 WINDMILL ROAD
NEWTON
,
AL
36352
I
EDUCATIONAL SCHOLARSHIP
1,000
C COX
553 BAILEY ROAD
SLOCOMB
,
AL
36375
I
EDUCATIONAL SCHOLARSHIP
1,000
B GANTT
1621 ADKINSON ROAD
NEWTON
,
AL
36352
I
EDUCATIONAL SCHOLARSHIP
1,000
ROSS GOMEZ
729 WINDMILL ROAD
NEWTON
,
AL
36352
I
EDUCATIONAL SCHOLARSHIP
500
M GRUBB
263 COUNTY ROAD 679
COFFEE SPRINGS
,
AL
36318
I
EDUCATIONAL SCHOLARSHIP
2,000
DAVIDHAGLER
254 BUD HAGLER ROAD
HARTFORD
,
AL
36344
I
EDUCATIONAL SCHOLARSHIP
500
TANNER HAMM
7797 E COUNTY ROAD 22
ASHFORD
,
AL
36312
I
EDUCATIONAL SCHOLARSHIP
1,000
T JONES
577 CLAYTON ROAD
ASHFORD
,
AL
36312
I
EDUCATIONAL SCHOLARSHIP
3,500
A KETCHUM
392 VINING DRIVE
DOTHAN
,
AL
36303
I
EDUCATIONAL SCHOLARSHIP
2,000
J LOPEZ
1218 TRAWICK ROAD
DOTHAN
,
AL
36305
I
EDUCATIONAL SCHOLARSHIP
1,000
A MCCLENNY
3040 COUNTY ROAD 655
COFFEE SPRINGS
,
AL
36318
I
EDUCATIONAL SCHOLARSHIP
1,000
L MAGES
111940 COUNTY ROAD 41
HARTFORD
,
AL
36344
I
EDUCATIONAL SCHOLARSHIP
3,500
DANIEL REEDER
1704 OLD CHIPLEY ROAD
SLOCOMB
,
AL
36375
I
EDUCATIONAL SCHOLARSHIP
500
E REGISTER
1485 GRADY GARNER ROAD
SLOCOMB
,
AL
36375
I
EDUCATIONAL SCHOLARSHIP
2,000
GRACE SHIVER
386 ROY MARTIN ROAD
DOTHAN
,
AL
36301
I
EDUCATIONAL SCHOLARSHIP
1,000
MELISSA SIMPSON
135 MUIRFIELD LANE
DOTHAN
,
AL
36305
I
EDUCATIONAL SCHOLARSHIP
500
G SMITH
100 OAK GROVE
DOTHAN
,
AL
36303
I
EDUCATIONAL SCHOLARSHIP
1,000
N STEWART
13045 FORTNER STREET
NEWTON
,
AL
36352
I
EDUCATIONAL SCHOLARSHIP
2,000
CSULLIVAN
763 MACEDONIA ROAD
GENEVA
,
AL
36344
I
EDUCATIONAL SCHOLARSHIP
1,000
B WALLACE
1339 FONDREN ROAD
DOTHAN
,
AL
36305
I
EDUCATIONAL SCHOLARSHIP
3,500
L WATKINS
9205 EAST COUNTY ROAD 16
HARTFORD
,
AL
36344
I
EDUCATIONAL SCHOLARSHIP
2,000
T WELLS
15141 COTTONWOOD ROAD
GORDON
,
AL
36343
I
EDUCATIONAL SCHOLARSHIP
1,000
Total
.................................
3a
200,500
b
Approved for future payment
Total
.................................
3b
0
Form
990-PF
(2019)
Form 990-PF (2019)
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.)
1
Program service revenue:
(a)
Business code
(b)
Amount
(c)
Exclusion code
(d)
Amount
a
b
c
d
e
f
g
Fees and contracts from government agencies
2
Membership dues and assessments
....
3
Interest on savings and temporary cash
investments
...........
14
399
4
Dividends and interest from securities
....
14
39,498
5
Net rental income or (loss) from real estate:
a
Debt-financed property
......
b
Not 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
7,286
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
47,183
0
13
Total.
Add line 12, columns (b), (d), and (e)
..................
13
47,183
(See worksheet in line 13 instructions to verify calculations.)
Part XVI-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
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
(2019)
Form 990-PF (2019)
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?
...........
Yes
No
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.
May the IRS discuss this return
with the preparer shown below
(see instr.)
Yes
No
Signature of officer or trustee
Date
Title
Paid Preparer Use Only
Print/Type preparer's name
Preparer's Signature
Date
Check if self-
employed
PTIN
Firm's name
Firm's EIN
Firm's address
Phone no.
Form
990-PF
(2019)
Additional Data
Software ID:
Software Version:
Form 990PF - Special Condition Description:
Special Condition Description