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
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
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$399,647J 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) 178,655
2 Check bullet.............
3 Interest on savings and temporary cash investments 75 75  
4 Dividends and interest from securities... 44,381 44,381  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,946
b Gross sales price for all assets on line 6a 7,500
7 Capital gain net income (from Part IV, line 2)... 1,946
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........ 225,057 46,402  
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 7,000 0   0
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 472 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications.......... 1,578 0   0
23 Other expenses (attach schedule)....... Click to see attachment 11,102 0   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 20,152 0   0
25 Contributions, gifts, grants paid....... 174,500 174,500
26 Total expenses and disbursements. Add lines 24 and 25 194,652 0   174,500
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 30,405
b Net investment income (if negative, enter -0-) 46,402
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
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......... 18,490 92,068 92,068
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).......... 294,193 Click to see attachment307,579 307,579
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) 312,683 399,647 399,647
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 attachment11,000 Click to see attachment93,000
23 Total liabilities (add lines 17 through 22)......... 11,000 93,000
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 301,683 302,922
25 Net assets with donor restrictions............   3,725
Foundations that do not follow FASB ASC 958, check here bullet
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)..... 301,683 306,647
30 Total liabilities and net assets/fund balances (see instructions). 312,683 399,647
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
301,683
2
Enter amount from Part I, line 27a .....................
2
30,405
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
332,088
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
25,441
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
306,647
Form 990-PF (2020)
Form 990-PF (2020)
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 SALES OF PUBLICLY TRADED SECURITES 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 7,500   5,554 1,946
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       1,946
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 1,946
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
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
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 for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 645
c All other domestic foundations enter 1.39% 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........................... 3 645
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- ..... 5 645
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 0
b Exempt foreign organizations—tax withheld at source...... 6b 0
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 10
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 655
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 2021 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 the instructions
for the 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 2020 or the taxable year beginning in 2020? 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 (2020)
    Form 990-PF (2020)
    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 2020, 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 2020?.............
    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 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    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 2020 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 2020.)..................
    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 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    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
    DAVID BAILEY 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 COOK JR DIRECTOR
    1.00     		0 0 0
    PO BOX 244014
    MONTGOMERY,AL36124
    PARKS TUBBS DIRECTOR
    1.00     		0 0 0
    PO BOX 244014
    MONTGOMERY,AL36124
    TOMMIE WERNETH CHAIRMAN
    1.00     		0 0 0
    PO BOX 244014
    MONTGOMERY,AL36124
    KARL RAYBORN TREASURER
    2.00     		0 0 0
    PO BOX 244014
    MONTGOMERY,AL36124
    FRED BRASWELL EXECUTIVE DIRECTOR/SECRETA
    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 (2020)
    Form 990-PF (2020)
    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. 174,500
    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.........................bullet0
    Form 990-PF (2020)
    Form 990-PF (2020)
    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
    267,117
    b
    Average of monthly cash balances.......................
    1b
    80,097
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    347,214
    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
    347,214
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    5,208
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    342,006
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    17,100
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    17,100
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    645
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    645
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    16,455
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    16,455
    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
    16,455
    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
    174,500
    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
    174,500
    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
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    174,500
    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 (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 16,455
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 72,162
    b From 2016...... 99,454
    c From 2017...... 128,861
    d From 2018...... 145,428
    e From 2019...... 186,469
    fTotal of lines 3a through e........ 632,374
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 174,500
    a Applied to 2019, 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 2020 distributable amount..... 16,455
    e Remaining amount distributed out of corpus 158,045
    5 Excess distributions carryover applied to 2020. 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 5 790,419
    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 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		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 2015 not
    applied on line 5 or line 7 (see instructions) ...     		72,162
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		718,257
    10 Analysis of line 9:
    a Excess from 2016.... 99,454
    b Excess from 2017.... 128,861
    c Excess from 2018.... 145,428
    d Excess from 2019.... 186,469
    e Excess from 2020.... 158,045
    Form 990-PF (2020)
    Form 990-PF (2020)
    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 2020, 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) 2020 (b) 2019 (c) 2018 (d) 2017
             
    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 15, 2020
    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 (2020)
    Form 990-PF (2020)
    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
    LINDSEY PHILLIPS
    467 HICKORY CIRCLE
    UNION GROVE,AL35175     		  I EDUCATIONAL SCHOLARSHIP 1,000
    PHILIP SPEEGLE
    236 HAMNER AVENUE
    LACEYS SPRING,AL35754     		  I EDUCATIONAL SCHOLARSHIP 1,000
    COLEMAN GREGORIUS
    12299 MYRTLE STREET
    FAIRHOPE,AL36532     		  I EDUCATIONAL SCHOLARSHIP 500
    ELLIOTT TAYLOR
    27544 EAST BEACH BOULEVARD
    ORANGE BEACH,AL36561     		  I EDUCATIONAL SCHOLARSHIP 500
    MADISON COLLINS
    PO BOX 459
    PINE HILL,AL36769     		  I EDUCATIONAL SCHOLARSHIP 500
    MARY GLASS
    82 SUNFLOWER LANE
    LINDEN,AL36748     		  I EDUCATIONAL SCHOLARSHIP 500
    LILLIAN HOLMES
    1127 CYPRESS COVE ROAD
    FORKLAND,AL36740     		  I EDUCATIONAL SCHOLARSHIP 500
    KIMBERLY LONERGAN
    13645 COUNTY ROAD 44
    LINDEN,AL36748     		  I EDUCATIONAL SCHOLARSHIP 500
    MACKENZIE MILLER
    82 CEDAR STREET
    SILAS,AL36919     		  I EDUCATIONAL SCHOLARSHIP 500
    MADISON PHILLIPS
    65 QUAIL RIDGE DRIVE
    LINDEN,AL36748     		  I EDUCATIONAL SCHOLARSHIP 500
    TAYLOR SMITH
    1775 COUNTY ROAD 12
    GALLION,AL36742     		  I EDUCATIONAL SCHOLARSHIP 500
    NIGEL SPEIGHTS
    221 LIL NAES DRIVE
    BOLIGEE,AL35443     		  I EDUCATIONAL SCHOLARSHIP 500
    PAXTON WESTBROOK
    221 WESTBROOK ROAD
    PINE HILL,AL36769     		  I EDUCATIONAL SCHOLARSHIP 500
    KATHRYN WIGLEY
    2691 WOMACK HILL ROAD
    GILBERTOWN,AL36980     		  I EDUCATIONAL SCHOLARSHIP 500
    ETHAN HUGHES
    359 OVERLOOK VALLEY ROAD
    WETUMPKA,AL36093     		  I EDUCATIONAL SCHOLARSHIP 2,500
    HOPE JOHNSON
    2530 WYNGATE DRIVE
    PRATTVILLE,AL36067     		  I EDUCATIONAL SCHOLARSHIP 2,500
    WALTER ROUSE
    368 WINDSONG LOOP
    WETUMPKA,AL36093     		  I EDUCATIONAL SCHOLARSHIP 2,500
    ANNA LEI SINGLETON
    525 NOBLES ROAD
    WETUMPKA,AL36092     		  I EDUCATIONAL SCHOLARSHIP 2,500
    CHOLE CLAUSEN
    4070 COUNTY ROAD 14
    PIEDMONT,AL36272     		  I EDUCATIONAL SCHOLARSHIP 500
    SAMUEL HOTALEN
    4370 COUNTY ROAD 99
    GAYLESVILLE,AL35973     		  I EDUCATIONAL SCHOLARSHIP 500
    ANNA BUSH
    168 NORTH CHURCH STREET
    GROVE HILL,AL36451     		  I EDUCATIONAL SCHOLARSHIP 1,000
    HALLE DANTZLER
    693 SPRINGBANK CHURCH ROAD
    CHATOM,AL36518     		  I EDUCATIONAL SCHOLARSHIP 1,000
    BRANDON HOLSTON
    184 HOLSTON DIXON ROAD
    MILLRY,AL36558     		  I EDUCATIONAL SCHOLARSHIP 1,000
    JOSHUA SIMS
    12750 OLD LINE ROAD
    DICKINSON,AL36436     		  I EDUCATIONAL SCHOLARSHIP 1,000
    JOSEPH VICK
    2903 COUNTY ROAD 23
    CAMDEN,AL36726     		  I EDUCATIONAL SCHOLARSHIP 1,000
    REAGHAN WILEY
    108 NEW ROAD
    MILLRY,AL36558     		  I EDUCATIONAL SCHOLARSHIP 1,000
    XAVIER BURNETT
    67 PECAN CIRCLE
    BRANTLEY,AL36009     		  I EDUCATIONAL SCHOLARSHIP 1,000
    ADAM CARLISLE
    5262 SPRINGHILL ROAD
    BRANTLEY,AL36009     		  I EDUCATIONAL SCHOLARSHIP 1,000
    RILEY CHEN
    1495 PINEWOOD ROAD
    ANDALUSIA,AL36421     		  I EDUCATIONAL SCHOLARSHIP 1,000
    MICHAELA COOPER
    922 COUNTY ROAD 420
    OPP,AL36467     		  I EDUCATIONAL SCHOLARSHIP 1,000
    ANNA COURSON
    30243 US HIGHWAY 84
    OPP,AL36467     		  I EDUCATIONAL SCHOLARSHIP 1,000
    KADE GREEN
    34912 ALABAMA HIGHWAY 55
    RED LEVEL,AL36474     		  I EDUCATIONAL SCHOLARSHIP 1,000
    IVY GRIGGS
    35139 WELCOME CHURCH ROAD
    RED LEVEL,AL36474     		  I EDUCATIONAL SCHOLARSHIP 1,000
    ABBIGAIL JOHNSON
    3876 COUNTY ROAD 417
    ELBA,AL36323     		  I EDUCATIONAL SCHOLARSHIP 1,000
    HALEY LEWIS
    32428 FOLEY ROAD
    RED LEVEL,AL36474     		  I EDUCATIONAL SCHOLARSHIP 1,000
    MICHAEL WILLIAMS
    850 LEON TOWER ROAD
    BRANTLEY,AL36009     		  I EDUCATIONAL SCHOLARSHIP 1,000
    ELIZABETH MILLER
    298 COUNTY ROAD 1403
    CULLMAN,AL35058     		  I EDUCATIONAL SCHOLARSHIP 1,000
    KAYLA BOROFF
    836 KERINGTON LANE
    PIKE ROAD,AL36064     		  I EDUCATIONAL SCHOLARSHIP 3,000
    LEANNA BRUNER
    2221 WEST GANTTS MILL ROAD
    TALLASSEE,AL36078     		  I EDUCATIONAL SCHOLARSHIP 3,000
    ANA CERVANTES
    5055 YELLOW PINE DRIVE
    MONTGOMERY,AL36116     		  I EDUCATIONAL SCHOLARSHIP 3,000
    ELIZABETH COWDEN
    7918 LAKERIDGE DRIVE
    MONTGOMERY,AL36117     		  I EDUCATIONAL SCHOLARSHIP 3,000
    JOSIE HUSSEY
    10167 MERIWETHER TRAIL
    GRADY,AL36036     		  I EDUCATIONAL SCHOLARSHIP 3,000
    CATE LOVRICH
    34 BOYKIN LAKES BOULEVARD
    PIKE ROAD,AL36064     		  I EDUCATIONAL SCHOLARSHIP 3,000
    JAYLON MCGHEE
    1500 JOSEPHINE CIRCLE - 15208
    MONTGOMERY,AL36117     		  I EDUCATIONAL SCHOLARSHIP 3,000
    CHLOE METCALF
    1524 HALLWOOD LANE
    MONTGOMERY,AL36117     		  I EDUCATIONAL SCHOLARSHIP 3,000
    CARRIE NABORS
    4805 RED ROAD
    TUSKEGEE,AL36083     		  I EDUCATIONAL SCHOLARSHIP 3,000
    JALIYAH ROBINSON
    251 COUNTY ROAD 100
    UNION SPRINGS,AL36089     		  I EDUCATIONAL SCHOLARSHIP 3,000
    RACHEL SARGENT
    419 COUNTY ROAD 40
    SHORTER,AL36075     		  I EDUCATIONAL SCHOLARSHIP 3,000
    SERENITEE SIMMONS
    2293 COUNTY ROAD 22
    UNION SPRINGS,AL36089     		  I EDUCATIONAL SCHOLARSHIP 3,000
    ELEANOR STREETON
    8613 LILLIAN PLACE
    MONTGOMERY,AL36117     		  I EDUCATIONAL SCHOLARSHIP 3,000
    KARRI WILLIAMS
    153 COUNTY ROAD 52
    UNION SPRINGS,AL36089     		  I EDUCATIONAL SCHOLARSHIP 3,000
    BAILEY BOLTON
    1406 COUNTRY CLUB DRIVE
    RED BAY,AL35582     		  I EDUCATIONAL SCHOLARSHIP 500
    ADRIANA BORDEN
    1503 HIGHWAY 77
    RUSSELLVILLE,AL35654     		  I EDUCATIONAL SCHOLARSHIP 500
    ANNA DEMPSEY
    3175 HIGHWAY 227
    SPRUCE PINE,AL35585     		  I EDUCATIONAL SCHOLARSHIP 500
    SYDNEY MEDLEY
    24242 HIGHWAY 24
    RUSSELLVILLE,AL35653     		  I EDUCATIONAL SCHOLARSHIP 500
    HANNAH GREGORY
    2306 LEN CIRCLE NW
    HARTSELLE,AL35640     		  I EDUCATIONAL SCHOLARSHIP 500
    HOLLEE MASON
    513 CHAREST ROAD
    SOMERVILLE,AL35670     		  I EDUCATIONAL SCHOLARSHIP 500
    JENNIFER ARAGON
    694 HORTON ROAD
    HORTON,AL35980     		  I EDUCATIONAL SCHOLARSHIP 1,000
    WILLIAM AYCOCK
    1065 COUNTY ROAD 568
    ALBERTVILLE,AL35951     		  I EDUCATIONAL SCHOLARSHIP 1,000
    JACKSON BEARDEN
    1257 COUNTY ROAD 58
    GERALDINE,AL35974     		  I EDUCATIONAL SCHOLARSHIP 1,000
    ASHLEE BISSONNETTE
    1933 ALABAMA HIGHWAY 68
    ALBERTVILLE,AL35951     		  I EDUCATIONAL SCHOLARSHIP 1,000
    ZACHARY CALVERT
    1009 BRUCE ROAD
    BOAZ,AL35957     		  I EDUCATIONAL SCHOLARSHIP 1,000
    MORGAN CRISSON
    5392 COUNTY ROAD 104
    CROSSVILLE,AL35962     		  I EDUCATIONAL SCHOLARSHIP 1,000
    CHANCE DENDY
    1365 HAMBRICK DRIVE
    BOAZ,AL35957     		  I EDUCATIONAL SCHOLARSHIP 1,000
    ANNA JONES
    206 CHURCH STREET
    STEVENSON,AL35772     		  I EDUCATIONAL SCHOLARSHIP 500
    LAUREN WRIGHT
    6345 BUTLER MILL ROAD
    WOODVILLE,AL35776     		  I EDUCATIONAL SCHOLARSHIP 500
    JORDAN FREEMAN
    PO BOX 276
    EUFAULA,AL36072     		  I EDUCATIONAL SCHOLARSHIP 1,000
    BONNIE HOUSTON
    12968 HALSO MILL ROAD
    GREENVILLE,AL36037     		  I EDUCATIONAL SCHOLARSHIP 1,000
    CAROLINE THOMAS
    115 MALLORY DRIVE
    SELMA,AL36701     		  I EDUCATIONAL SCHOLARSHIP 1,000
    WILLIAM ASHLEY
    8419 COUNTY ROAD 38
    SECTION,AL35771     		  I EDUCATIONAL SCHOLARSHIP 1,000
    ASHLEY CISCO
    2701 COUNTY ROAD 432
    FYFFE,AL35971     		  I EDUCATIONAL SCHOLARSHIP 1,000
    LAUREN PEEK
    861 COUNTY ROAD 260
    PISGAH,AL35765     		  I EDUCATIONAL SCHOLARSHIP 1,000
    BENJAMIN SMITH
    5615 COUNTY ROAD 445
    FT PAYNE,AL35968     		  I EDUCATIONAL SCHOLARSHIP 1,000
    HANNAH ARNOLD
    29289 HIGHWAY 87
    JACK,AL36346     		  I EDUCATIONAL SCHOLARSHIP 1,000
    ALEXIS BARKER
    1037 COUNTY ROAD 223
    JACK,AL36346     		  I EDUCATIONAL SCHOLARSHIP 1,000
    ANNA COWLES
    1535 OLD MERIWETHER TRAIL
    LAPINE,AL36046     		  I EDUCATIONAL SCHOLARSHIP 1,000
    ARIEL CROSWELL
    160 SANKEY DRIVE
    GRADY,AL36036     		  I EDUCATIONAL SCHOLARSHIP 1,000
    JAYLEN DEVERIDGE
    116 MEADOWS LANE
    TROY,AL36079     		  I EDUCATIONAL SCHOLARSHIP 1,000
    SARAH FLOYD
    137 NORMAN ROAD
    TROY,AL36081     		  I EDUCATIONAL SCHOLARSHIP 1,000
    ALI HENDRICK
    3697 OLD BRANTLEY LUVERNE ROAD
    BRANTLEY,AL36009     		  I EDUCATIONAL SCHOLARSHIP 1,000
    CAITLIN HUGHES
    PO BOX 173
    GLENWOOD,AL36034     		  I EDUCATIONAL SCHOLARSHIP 1,000
    HANNAH HUNER
    110 WILDRIDGE DRIVE
    TROY,AL36079     		  I EDUCATIONAL SCHOLARSHIP 1,000
    ELIZABETH JONES
    3353 CAMPGROUND CHURCH ROAD
    LUVERNE,AL36049     		  I EDUCATIONAL SCHOLARSHIP 1,000
    ANNA KIMBRO
    PO BOX 654
    BRANTLEY,AL36009     		  I EDUCATIONAL SCHOLARSHIP 1,000
    OLIVIA KYZAR
    246 COUNTY ROAD 2238
    TROY,AL36079     		  I EDUCATIONAL SCHOLARSHIP 1,000
    PORTER LANKFORD
    3207 COUNTY ROAD 1128
    TROY,AL36079     		  I EDUCATIONAL SCHOLARSHIP 1,000
    ANNA LOWE
    1977 EL BETHEL ROAD
    LUVERNE,AL36049     		  I EDUCATIONAL SCHOLARSHIP 1,000
    MADISON LOWERY
    40 SIMS CIRCLE
    HONORAVILLE,AL36042     		  I EDUCATIONAL SCHOLARSHIP 1,000
    MEGAN MOUNT
    6090 MT IDA ROAD
    LUVERNE,AL36049     		  I EDUCATIONAL SCHOLARSHIP 1,000
    ADDISON ALBRITTON
    35 CHASIN LANE
    ATMORE,AL36502     		  I EDUCATIONAL SCHOLARSHIP 1,000
    BAYLEY BURGESS
    69750 SCRANAGE ROAD
    ATMORE,AL36502     		  I EDUCATIONAL SCHOLARSHIP 1,000
    KAYLEY BURGESS
    69750 SCRANAGE ROAD
    ATMORE,AL36502     		  I EDUCATIONAL SCHOLARSHIP 1,000
    PATRICK CHANDLER
    1583 HALLS CROSSROADS ROAD
    MONROEVILLE,AL36460     		  I EDUCATIONAL SCHOLARSHIP 1,000
    MEAGAN CHAUDRON
    3814 OLD ATMORE ROAD
    FLOMATON,AL36441     		  I EDUCATIONAL SCHOLARSHIP 1,000
    CAITLIN CHAVERS
    161 CHANEY ROAD
    BREWTON,AL36426     		  I EDUCATIONAL SCHOLARSHIP 1,000
    BRANDON COLEMAN
    52 HOMESTEAD LANE
    BREWTON,AL36426     		  I EDUCATIONAL SCHOLARSHIP 1,000
    LYNDSEY COOK
    PO BOX 983
    EVERGREEN,AL36401     		  I EDUCATIONAL SCHOLARSHIP 1,000
    MICHAEL DUNN
    6935 HIGHWAY 113
    BREWTON,AL36426     		  I EDUCATIONAL SCHOLARSHIP 1,000
    ELLA HART
    255 HART FARM ROAD
    FLOMATON,AL36441     		  I EDUCATIONAL SCHOLARSHIP 1,000
    HEATH JORDAN
    3527 BUTLER STREET
    FRISCO CITY,AL36445     		  I EDUCATIONAL SCHOLARSHIP 1,000
    PARKER KNOWLES
    1231 CLEARVIEW ROAD
    FLOMATON,AL36441     		  I EDUCATIONAL SCHOLARSHIP 1,000
    CARTER LEDKINS
    75 MIXON STREET
    MONROEVILLE,AL36460     		  I EDUCATIONAL SCHOLARSHIP 1,000
    HANNAH MCFERRIN
    29164 HIGHWAY 41
    REPTON,AL36475     		  I EDUCATIONAL SCHOLARSHIP 1,000
    LYDIA MIMS
    PO BOX 881
    FRISCO CITY,AL36445     		  I EDUCATIONAL SCHOLARSHIP 1,000
    SARAH MORGAN
    35 BLUEBERRY STREET
    BREWTON,AL36426     		  I EDUCATIONAL SCHOLARSHIP 1,000
    DEZTINI STEVENS
    601 COUNTY ROAD 5
    REPTON,AL36475     		  I EDUCATIONAL SCHOLARSHIP 1,000
    BROOKE WELCH
    1738 OLD FOSHEE ROAD
    BREWTON,AL36426     		  I EDUCATIONAL SCHOLARSHIP 1,000
    MATTIE WHITE
    76 STATE LINE ROAD
    FLOMATON,AL36441     		  I EDUCATIONAL SCHOLARSHIP 1,000
    TAYLOR WHITE
    4760 OLD HIGHWAY 31
    BREWTON,AL36426     		  I EDUCATIONAL SCHOLARSHIP 1,000
    BRAXTON ALLEN
    2220 COUNTY ROAD 48
    LAFAYETTE,AL36862     		  I EDUCATIONAL SCHOLARSHIP 2,000
    MARCUS CURRY
    3288 COUNTY ROAD 23
    LAFAYETTE,AL36862     		  I EDUCATIONAL SCHOLARSHIP 2,000
    JALAN DRUMMOND
    3104 COUNTY ROAD 267
    LAFAYETTE,AL36862     		  I EDUCATIONAL SCHOLARSHIP 2,000
    CHARLES GILMER
    7800 LEE ROAD 175
    SALEM,AL36874     		  I EDUCATIONAL SCHOLARSHIP 2,000
    ROBERT HARRIS
    7817 ALABAMA HIGHWAY 147 N
    AUBURN,AL36879     		  I EDUCATIONAL SCHOLARSHIP 2,000
    KORBIN KINMAN
    1346 COWPENS WEST
    ALEX CITY,AL35010     		  I EDUCATIONAL SCHOLARSHIP 2,000
    WILSON REEVES
    2137 CONSERVATION DRIVE
    AUBURN,AL36879     		  I EDUCATIONAL SCHOLARSHIP 2,000
    ANDIE ROBERTS
    10080 VETERANS MEMORIAL PARKWAY
    LANETT,AL36863     		  I EDUCATIONAL SCHOLARSHIP 2,000
    RACHAEL FORESTER
    1215 SCUFFLEGRIT ROAD
    GUIN,AL35563     		  I EDUCATIONAL SCHOLARSHIP 1,000
    HANNAH GENTZ
    3448 COUNTY HIGHWAY 25
    HAMILTON,AL35570     		  I EDUCATIONAL SCHOLARSHIP 1,000
    HEATHER GETTINGS
    12499 STATE HIGHWAY 129
    BRILLIANT,AL35548     		  I EDUCATIONAL SCHOLARSHIP 1,000
    JAMES GRACE
    6102 COUNTY HIGHWAY 48
    HALEYVILLE,AL35565     		  I EDUCATIONAL SCHOLARSHIP 1,000
    HAYLEY HARRIS
    2540 MULBERRRY ROAD
    SULLIGENT,AL35586     		  I EDUCATIONAL SCHOLARSHIP 1,000
    ANNA LINDSEY
    320 VICE ROAD
    KENNEDY,AL35574     		  I EDUCATIONAL SCHOLARSHIP 1,000
    MACY WILLIAMS
    271 MITCHELL ROAD
    VERNON,AL35592     		  I EDUCATIONAL SCHOLARSHIP 1,000
    JENNA GOOLSBY
    13573 OLD FARM ROAD
    FLORALA,AL36442     		  I EDUCATIONAL SCHOLARSHIP 1,000
    MICHAELA KING
    3720 FRIENDSHIP ROAD
    ARAB,AL35016     		  I EDUCATIONAL SCHOLARSHIP 1,000
    YOLANDA L BARNETT
    1060 AMAZON DRIVE
    FOLEY,AL36535     		  I DISASTER RELIEF GRANT 2,500
    MIRANDA GRIFFITHS
    PO BOX 835
    SUMMERDALE,AL36580     		  I DISASTER RELIEF GRANT 2,500
    JULIE PITTS
    32775 DONOVAN CIRCLE
    SEMINOLE,AL36574     		  I DISASTER RELIEF GRANT 2,500
    VINCENT LAMAR
    8844 LOCKRIDGE ROAD
    FOLEY,AL36535     		  I DISASTER RELIEF GRANT 2,500
    ANTHONY ROBINSON
    4601 SPINNAKER WAY
    ORANGE BEACH,AL36561     		  I DISASTER RELIEF GRANT 2,500
    TERI NELSON
    7453 COOPER LANDING ROAD WEST
    FOLEY,AL36535     		  I DISASTER RELIEF GRANT 2,500
    DONNA GIVENS
    25570 CO RD 65
    LOXLEY,AL36551     		  I DISASTER RELIEF GRANT 2,500
    Total .................................bullet 3a 174,500
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    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 75  
    4 Dividends and interest from securities....     14 44,381  
    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 1,946  
    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 46,402 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    46,402
    (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 (2020)
    Form 990-PF (2020)
    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 instructions.
    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 (2020)
    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
    2020
    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) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2
    Name of organization
    ELECTRIC COOPERATIVE FOUNDATION INC
          		Employer identification number
    63-1190086
    Part I
    Contributors
    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
     
    637 COOSA RIVER PKWY
     
    WETUMPKA, AL36092

    		$ 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

    		$ 9,000


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

    		$ 41,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    5
    FRANKLIN ELECTRIC COOPERATIVE
     
    PO BOX 10
     
    RUSSELLVILLE, AL35653

    		$ 1,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    6
    MARSHALL DEKALB EC
     
    10025 AL-168
     
    BOAZ, AL35957

    		$ 6,000


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Name of organization
    ELECTRIC COOPERATIVE FOUNDATION INC
          		Employer identification number
    63-1190086
    Part I
    Contributors
    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
    PIONEER ELECTRIC COOPERATIVE
     
    300 HERBERT ST
     
    GREENVILLE, AL36037

    		$ 1,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    8
    SOUTH ALABAMA ELECTRIC COOPERATIVE
     
    PO BOX 449
     
    TROY, AL360810449

    		$ 15,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    9
    SOUTHERN PINE ELECTRIC COOPERATIVE
     
    PO BOX 528
     
    BREWTON, AL36427

    		$ 19,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    10
    TALLAPOOSA RIVER ELECTRIC COOPERATIVE
     
    PO BOX 675
     
    LAFAYETTE, AL36862

    		$ 15,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    11
    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.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    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) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    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) (2020)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2020 AccountingFeesSchedule
    Name:
    ELECTRIC COOPERATIVE FOUNDATION INC
    EIN:
    63-1190086
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 7,000 0   0

    TY 2020 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 307,579 307,579

    TY 2020 OtherDecreasesSchedule
    Name:
    ELECTRIC COOPERATIVE FOUNDATION INC
    EIN:
    63-1190086
    Description Amount
    UNREALIZED GAIN ON MARKETABLE SECURITIES 25,441


    TY 2020 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 743 0   0
    OFFICE EXPENSE 10,359 0   0


    TY 2020 OtherLiabilitiesSchedule
    Name:
    ELECTRIC COOPERATIVE FOUNDATION INC
    EIN:
    63-1190086
    Description Beginning of Year - Book Value End of Year - Book Value
    DEFERRED SCHOLARSHIPS 11,000 93,000


    TY 2020 SubstantialContributorsSch
    Name:
    ELECTRIC COOPERATIVE FOUNDATION INC
    EIN:
    63-1190086
    Name Address
    ALABAMA RURAL ELECTRIC ASSOCIATION  
     


    TY 2020 TaxesSchedule
    Name:
    ELECTRIC COOPERATIVE FOUNDATION INC
    EIN:
    63-1190086
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAXES 472 0   0