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. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 01-01-2021 , and ending 12-31-2021
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$431,210J 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) 215,842
2 Check bullet.............
3 Interest on savings and temporary cash investments 15 15  
4 Dividends and interest from securities... 30,182 30,182  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 3,058
b Gross sales price for all assets on line 6a 8,000
7 Capital gain net income (from Part IV, line 2)... 3,058
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........ 249,097 33,255  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 8,000 0   0
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 1,335 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications.......... 1,518 0   0
23 Other expenses (attach schedule)....... Click to see attachment 9,375 0   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 20,228 0   0
25 Contributions, gifts, grants paid....... 213,450 213,450
26 Total expenses and disbursements. Add lines 24 and 25 233,678 0   213,450
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 15,419
b Net investment income (if negative, enter -0-) 33,255
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
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......... 92,068 55,064 55,064
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).......... 307,579 Click to see attachment376,146 376,146
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) 399,647 431,210 431,210
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 attachment93,000 Click to see attachment65,816
23 Total liabilities (add lines 17 through 22)......... 93,000 65,816
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........... 302,922 358,669
25 Net assets with donor restrictions............ 3,725 6,725
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)..... 306,647 365,394
30 Total liabilities and net assets/fund balances (see instructions). 399,647 431,210
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
306,647
2
Enter amount from Part I, line 27a .....................
2
15,419
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
43,328
4
Add lines 1, 2, and 3 ..........................
4
365,394
5
Decreases not included in line 2 (itemize) bullet
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
365,394
Form 990-PF (2021)
Form 990-PF (2021)
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 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 8,000   4,942 3,058
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       3,058
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 3,058
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  
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
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 All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) 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........................... 3 462
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- ..... 5 462
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 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 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 462
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 2022 estimated taxBullet   RefundedBullet 11  
Part VI-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 XIV..................................
    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 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    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 (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-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 ofbulletBRIAN MATNEY 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 2021, 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 VI-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? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
     
    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)? ......................
    1a(5)
     
    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.) ...............
    1a(6)
     
    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
     
     
    c
    ........bullet
    d
    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 2021? .............
    1d
     
    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 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    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? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 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 2021.) .....................
    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 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-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))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    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? .............
    5a(5)
     
    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
     
     
    c
    .........bullet
    d
    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? .................
    5d
     
     
    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? .............................
    6a
     
    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?
    7a
     
    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? .........................
    8
     
    No
    Part VII
    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
    BOBBY BALLARD DIRECTOR
    1.00     		0 0 0
    PO BOX 244014
    MONTGOMERY,AL36124
    GEORGE KITCHENS DIRECTOR
    1.00     		0 0 0
    PO BOX 244014
    MONTGOMERY,AL36124
    STEVE SHEFFIELD DIRECTOR
    1.00     		0 0 0
    PO BOX 244014
    MONTGOMERY,AL36124
    PARKS TUBBS DIRECTOR
    1.00     		0 0 0
    PO BOX 244014
    MONTGOMERY,AL36124
    VINCE JOHNSON CHAIRMAN
    1.00     		0 0 0
    PO BOX 244014
    MONTGOMERY,AL36124
    BRIAN MATNEY TREASURER
    2.00     		0 0 0
    PO BOX 244014
    MONTGOMERY,AL36124
    KARL RAYBORN 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 (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    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 VIII-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. 152,750
    2 THE ELECTRIC COOPERATIVE FOUNDATION PROVIDED DISASTER RELIEF CONTRIBUTIONS. 60,700
    3  
    4  
    Part VIII-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 (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    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
    347,871
    b
    Average of monthly cash balances.......................
    1b
    116,593
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    464,464
    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
    464,464
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    6,967
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    457,497
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    22,875
    Part X
    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 IX, line 6..................
    1
    22,875
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    462
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    462
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    22,413
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    22,413
    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 XII, line 1 ...
    7
    22,413
    Part XI
    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
     
    b
    Program-related investments—total from Part VIII-B..................
    1b
     
    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 XII, line 4.
    4
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 9
    Part XII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2020     		(c)
    2020     		(d)
    2021
    1 Distributable amount for 2021 from Part X, line 7 22,413
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016...... 99,454
    b From 2017...... 128,861
    c From 2018...... 145,428
    d From 2019...... 186,469
    e From 2020...... 158,045
    f Total of lines 3a through e ........ 718,257
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 213,450
    a Applied to 2020, 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 2021 distributable amount..... 22,413
    e Remaining amount distributed out of corpus 191,037
    5 Excess distributions carryover applied to 2021. 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 5 909,294
    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 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		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 2016 not
    applied on line 5 or line 7 (see instructions) ...     		99,454
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		809,840
    10 Analysis of line 9:
    a Excess from 2017.... 128,861
    b Excess from 2018.... 145,428
    c Excess from 2019.... 186,469
    d Excess from 2020.... 158,045
    e Excess from 2021.... 191,037
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-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 2021, 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) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    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 IX, 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 XIV
    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 12, 2021
    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 (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    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
    ABBIGAIL LUSTER
    1200 W CENTRAL ROAD
    WETUMPKA,AL36092     		  I EDUCATIONAL SCHOLARSHIP 2,500
    ABBY PHILLIPS
    PO BOX 244014
    MONTGOMERY,AL36124     		  I EDUCATIONAL SCHOLARSHIP 1,000
    ADDISON GARROTT
    691 COUNTY ROAD 3310
    TROY,AL36079     		  I EDUCATIONAL SCHOLARSHIP 1,000
    ALESHA PHILLIPS
    19152 HIGHWAY 31
    EVERGREEN,AL36401     		  I EDUCATIONAL SCHOLARSHIP 1,000
    ALEXA HARPER
    16047 OLD SCHOOL ROAD
    OPP,AL36467     		  I EDUCATIONAL SCHOLARSHIP 1,000
    ALEXANDER BURGESS
    41 RIVERSIDE LANDING
    FORT MITCHELL,AL36856     		  I EDUCATIONAL SCHOLARSHIP 2,000
    ALLEN WILSON
    2550 JUDEGE SMITH ROAD
    ANDALUSIA,AL36421     		  I EDUCATIONAL SCHOLARSHIP 1,000
    ALLY-ANNA OUTLAW
    1205 COUNTY ROAD 3328
    BRUNDIDGE,AL36010     		  I EDUCATIONAL SCHOLARSHIP 1,000
    ALLYSON CUMLANDER
    2675 ALLEN ROAD
    GROVE HILL,AL36451     		  I EDUCATIONAL SCHOLARSHIP 1,000
    ALYSSA JONES
    255 MOBBS SCHOOL ROAD
    ARAB,AL35016     		  I EDUCATIONAL SCHOLARSHIP 1,000
    ALYSSA LONG
    56490 SPLINTER HILL ROAD
    PERDIDO,AL36562     		  I EDUCATIONAL SCHOLARSHIP 1,000
    ANAKARINA
    7215 COUNTY ROAD 16
    CENTRE,AL35960     		  I EDUCATIONAL SCHOLARSHIP 500
    ANDREW DAWSON
    68599 SCRANAGE ROAD
    ATMORE,AL36502     		  I EDUCATIONAL SCHOLARSHIP 1,000
    ANNA SANDLIN
    120 TOM BOY ROAD
    SULLIGENT,AL35586     		  I EDUCATIONAL SCHOLARSHIP 1,000
    ANNSLEY NUSS
    PO BOX 244014
    MONTGOMERY,AL36124     		  I EDUCATIONAL SCHOLARSHIP 1,000
    ASHLYN PETTIS
    970 HAMDEN RIDGE ROAD
    EVERGREEN,AL36401     		  I EDUCATIONAL SCHOLARSHIP 1,000
    ASPEN ADAMS
    678 HIGHWAY 51 N
    UNION SPRINGS,AL36089     		  I EDUCATIONAL SCHOLARSHIP 2,500
    AVERY PYLES
    65 VALLEYS EDGE
    WETUMPKA,AL36093     		  I EDUCATIONAL SCHOLARSHIP 2,500
    BAILEY BROOKINS
    13055 COUNTY ROAD 54
    DAPHNE,AL36526     		  I EDUCATIONAL SCHOLARSHIP 500
    BAILEY JONES
    108 ALEXANDER DRIVE
    BREWTON,AL36426     		  I EDUCATIONAL SCHOLARSHIP 1,000
    BAILEY OLIVER
    1593 HIGHWAY 41
    RUSSELLVILLE,AL35653     		  I EDUCATIONAL SCHOLARSHIP 750
    BAYLEE OWEN
    704 NEW HOPE ROAD
    NEEDHAM,AL36915     		  I EDUCATIONAL SCHOLARSHIP 500
    BRIANNA MORROW
    5011 SARDIS CHURCH ROAD
    ATMORE,AL36502     		  I EDUCATIONAL SCHOLARSHIP 1,000
    BRITTANY BELL
    836 GRIGGERS ROAD
    FRISCO CITY,AL36445     		  I EDUCATIONAL SCHOLARSHIP 1,000
    CADEN BAILEY
    748 BAILEY ROAD
    CRAGFORD,AL36255     		  I EDUCATIONAL SCHOLARSHIP 2,000
    CALEB SIMMONS
    PO BOX 244014
    MONTGOMERY,AL36124     		  I EDUCATIONAL SCHOLARSHIP 1,000
    CALLIE CLARK
    2470 CLARK ROAD
    GILBERTOWN,AL36908     		  I EDUCATIONAL SCHOLARSHIP 500
    CAMERON BETTIS
    2115 PRESTWICK ROAD
    LEROY,AL36548     		  I EDUCATIONAL SCHOLARSHIP 1,000
    CARSON SPILLER
    3072 COUNTY HIGHWAY 61
    GUIN,AL35563     		  I EDUCATIONAL SCHOLARSHIP 1,000
    CHLOE SMITH
    8890 APPLETON ROAD
    BREWTON,AL36426     		  I EDUCATIONAL SCHOLARSHIP 1,000
    CLEVELAND STOCKMAN
    402 LOWER GAINSVILLE ROAD
    PRATTVILLE,AL36067     		  I EDUCATIONAL SCHOLARSHIP 2,500
    CODY LANE DYE
    PO BOX 244014
    MONTGOMERY,AL36124     		  I EDUCATIONAL SCHOLARSHIP 1,000
    COURTNEY TEEL
    768 COUNTY ROAD 432
    KINSTON,AL36453     		  I EDUCATIONAL SCHOLARSHIP 1,000
    DARBY CULPEPPER
    124 STANTELION LANE
    RAINSVILLE,AL35986     		  I EDUCATIONAL SCHOLARSHIP 1,000
    DAVID THRASH
    485 COUNTY ROAD 128
    JACK,AL36346     		  I EDUCATIONAL SCHOLARSHIP 1,000
    DILLON COOK
    3032 COUNTY ROAD 128
    IDER,AL35981     		  I EDUCATIONAL SCHOLARSHIP 1,000
    DILLON JOHNSON
    154 WILDWOOD LANE
    FLOMATON,AL36441     		  I EDUCATIONAL SCHOLARSHIP 1,000
    ELIZABETH MERRITT
    1842 SHADOW BEND LANE
    AUBURN,AL36830     		  I EDUCATIONAL SCHOLARSHIP 2,000
    ELLA SPEEGLE
    236 HAMMER DRIVE
    LACEYS SPRING,AL35754     		  I EDUCATIONAL SCHOLARSHIP 1,000
    EMILY MCBEE
    1609 WELCOME HOME ROAD
    GRANT,AL35747     		  I EDUCATIONAL SCHOLARSHIP 500
    EMMA JONES
    325 COUNTY ROAD 82
    MOULTON,AL35650     		  I EDUCATIONAL SCHOLARSHIP 500
    EMMA MARTIN
    3446 SOUTH STATE HIGHWAY 103
    SLOCOMB,AL36375     		  I EDUCATIONAL SCHOLARSHIP 1,000
    EMMA MURPHREE
    2212 LAKE SHORE DRIVE SW
    CULLMAN,AL35057     		  I EDUCATIONAL SCHOLARSHIP 1,000
    ETHAN LANEY
    170 COUNTY ROAD 23
    LEESBURG,AL35983     		  I EDUCATIONAL SCHOLARSHIP 500
    GAVIN CUMMINGS
    847 SAWMILL ROAD
    BRILLIANT,AL35548     		  I EDUCATIONAL SCHOLARSHIP 1,000
    GRAYSON VAUGHN
    3903 BELLAMY 21
    LOXLEY,AL36551     		  I EDUCATIONAL SCHOLARSHIP 500
    GRIFFIN KNIGHT
    3148 COUNTY ROAD 3
    CROSSVILLE,AL35962     		  I EDUCATIONAL SCHOLARSHIP 1,000
    HAILEY WHITE
    19746 LINDSEY BRIDGE ROAD
    ANDALUSIA,AL36420     		  I EDUCATIONAL SCHOLARSHIP 1,000
    HANNA MCDONALD
    PO BOX 244014
    MONTGOMERY,AL36124     		  I EDUCATIONAL SCHOLARSHIP 1,000
    HANNAH GRIGGS
    970 IVY GREEN DRIVE
    MONTGOMERY,AL36117     		  I EDUCATIONAL SCHOLARSHIP 2,500
    HARLEU SUDDUTH
    10511 FERNBANK ROAD
    MILPORT,AL35576     		  I EDUCATIONAL SCHOLARSHIP 1,000
    HEATHER GLADNEY
    17634 GEORGEHARTIN ROAD
    BUHL,AL35446     		  I EDUCATIONAL SCHOLARSHIP 500
    HUNTEHOLMES
    12593 BROOKWOOD ROAD
    ANDALUSIA,AL36420     		  I EDUCATIONAL SCHOLARSHIP 1,000
    ISABELLA OWENS
    705 CAMERON ROAD
    RED LEVEL,AL36474     		  I EDUCATIONAL SCHOLARSHIP 1,000
    IZABELLA JANUSH-HERNANDEZ
    112 GLYNLAKES DRIVE
    PIKE ROAD,AL36064     		  I EDUCATIONAL SCHOLARSHIP 2,500
    IZAYAH GLENON
    PO BOX 244014
    MONTGOMERY,AL36124     		  I EDUCATIONAL SCHOLARSHIP 1,000
    JACKSON BROOKS
    233 COUNTY ROAD 12
    UNION SPRINGS,AL36089     		  I EDUCATIONAL SCHOLARSHIP 2,500
    JACKSON DULLARD
    410 JACKSON LANE
    BREWTON,AL36426     		  I EDUCATIONAL SCHOLARSHIP 1,000
    JACKSON MURPHREE
    PO BOX 244014
    MONTGOMERY,AL36124     		  I EDUCATIONAL SCHOLARSHIP 1,000
    JACOB HELMS
    4520 COUNTY ROAD 3328
    BRUNDIDGE,AL36010     		  I EDUCATIONAL SCHOLARSHIP 1,000
    JADEN LASTER
    6082 HIGHWAY 56
    RUSSELVILLE,AL35654     		  I EDUCATIONAL SCHOLARSHIP 750
    JAKARI THOMAS
    124 MENDY LANE
    TROY,AL36079     		  I EDUCATIONAL SCHOLARSHIP 1,000
    JAMES BOZEMAN
    12918 STATE HIGHWAY 253
    BRILLIANT,AL35548     		  I EDUCATIONAL SCHOLARSHIP 1,000
    JAMIE PICKENS
    3438 PETTIBONE ROAD
    GREENVILLE,AL36037     		  I EDUCATIONAL SCHOLARSHIP 1,000
    JASHON MCKEE
    92 SOUTH MCGHEE ROAD
    RUTLEDGE,AL36071     		  I EDUCATIONAL SCHOLARSHIP 1,000
    JASMINE MULLINAX
    427 COUNTY ROAD 21
    CROSSVILLE,AL35962     		  I EDUCATIONAL SCHOLARSHIP 1,000
    JASMINE WEAVER
    7070 TOPTON ROAD
    MCINTOSH,AL36553     		  I EDUCATIONAL SCHOLARSHIP 1,000
    JASON WINGHAM
    2497 WINGHAM ROAD
    MILRY,AL36558     		  I EDUCATIONAL SCHOLARSHIP 1,000
    JATHAN UNDERWOOD
    69 VISTA VIEW DRIVE
    RAINSVILLE,AL35986     		  I EDUCATIONAL SCHOLARSHIP 1,000
    JOHN HARDY
    386 DAKOTA SPRINGS
    HEADLAND,AL36345     		  I EDUCATIONAL SCHOLARSHIP 1,000
    JOHN LOARD
    8336 LONGNEEDLE DRIVE
    MONTGOMERY,AL36117     		  I EDUCATIONAL SCHOLARSHIP 2,500
    JOSEPH BOONE
    1864 SIMPSON ROAD
    DAVISTON,AL36256     		  I EDUCATIONAL SCHOLARSHIP 2,000
    JOSEPH RILEY
    330 COUNTY ROAD 3333
    BRUNDIDGE,AL36010     		  I EDUCATIONAL SCHOLARSHIP 1,000
    JOSHUA RAY
    222 LAURELWOOD DRIVE
    RUSSELVILLE,AL35653     		  I EDUCATIONAL SCHOLARSHIP 750
    JUSTIN PETRY
    101 HOWARDS END
    JACKSON,AL36545     		  I EDUCATIONAL SCHOLARSHIP 1,000
    KAGE MALONE
    10929 HIGHWAY 43
    RUSSELVILLE,AL35653     		  I EDUCATIONAL SCHOLARSHIP 750
    KAMPBELL WIGGINS
    2802 BUTLER STREET
    FRISCO CITY,AL36445     		  I EDUCATIONAL SCHOLARSHIP 1,000
    KATELYNN GRIGGS
    28868 SMILEY STREET
    RED LEVEL,AL36474     		  I EDUCATIONAL SCHOLARSHIP 1,000
    KATIE GOUGH
    1941 GREEN BRIAR COVE ROAD
    UNION GROVE,AL35175     		  I EDUCATIONAL SCHOLARSHIP 1,000
    KATLYN HURST
    3450 BLACKMON ROAD
    BRANTLEY,AL36009     		  I EDUCATIONAL SCHOLARSHIP 1,000
    KIRKLAND PUGH
    7484 HIGHWAY 82
    UNION SPRINGS,AL36089     		  I EDUCATIONAL SCHOLARSHIP 2,500
    LANCE THIERFELDER
    203 THIERFELDER PLACE
    HONORAVILLE,AL36042     		  I EDUCATIONAL SCHOLARSHIP 1,000
    LAUREN HUDSON
    800 CAMERON CHAPEL ROAD
    BRANTLEY,AL36009     		  I EDUCATIONAL SCHOLARSHIP 1,000
    LEAH QUALLS
    9532 COUNTY ROAD 2290
    GOSHEN,AL36035     		  I EDUCATIONAL SCHOLARSHIP 1,000
    LILLIAN BONNER
    9810 HIGHWAY 31
    ATMORE,AL36502     		  I EDUCATIONAL SCHOLARSHIP 1,000
    LILLYIAN SMITH
    5073 HORTON NIXON CHAPEL ROAD
    HORTON,AL35980     		  I EDUCATIONAL SCHOLARSHIP 1,000
    LOGAN BLANCHERI
    1479 OLD ATMORE ROAD
    FLOMATON,AL36441     		  I EDUCATIONAL SCHOLARSHIP 1,000
    LUCAS KILCREASE
    5865 SOUTH GLENWOOD ROAD
    BRANTLEY,AL36009     		  I EDUCATIONAL SCHOLARSHIP 1,000
    LYNN PHAM
    14 COUNTY ROAD 5
    GALLION,AL36742     		  I EDUCATIONAL SCHOLARSHIP 500
    MACY MANSMANN
    3355 NEW EBENEEZER ROAD
    LAPINE,AL36046     		  I EDUCATIONAL SCHOLARSHIP 1,000
    MADELINE MITCHELL
    PO BOX 244014
    MONTGOMERY,AL36124     		  I EDUCATIONAL SCHOLARSHIP 1,000
    MADISON KIRKLAND
    4844 KIRKLAND ROAD
    BREWTON,AL36426     		  I EDUCATIONAL SCHOLARSHIP 1,000
    MAGGIE SHELTON
    9107 ALABAMA HIGHWAY 157
    MOULTON,AL35650     		  I EDUCATIONAL SCHOLARSHIP 500
    MAGGIE WILKERSON
    31543 FOLEY ROAD
    RED LEVEL,AL36474     		  I EDUCATIONAL SCHOLARSHIP 1,000
    MAKENNA FAULK
    1351 COUNTY ROAD 325
    TROY,AL36079     		  I EDUCATIONAL SCHOLARSHIP 1,000
    MALLORY ROE
    1224 COUNTY ROAD 11 S
    PINE HILL,AL36769     		  I EDUCATIONAL SCHOLARSHIP 500
    MARIA CERVANTES
    5055 YELLOW PINE DRIVE
    MONTGOMERY,AL36116     		  I EDUCATIONAL SCHOLARSHIP 2,500
    MARK NICHOLS
    278 TURNER HILL ROAD
    BRANTLEY,AL36009     		  I EDUCATIONAL SCHOLARSHIP 1,000
    MARSHAL HUGHES
    3989 COUNTY ROAD 104
    CROSSVILLE,AL35962     		  I EDUCATIONAL SCHOLARSHIP 1,000
    MARY MASSENGALE
    422 SANDPIPER DRIVE
    GREENSBORO,AL36744     		  I EDUCATIONAL SCHOLARSHIP 500
    MEGAN WILSON
    1643 HIGHWAY 31
    ATMORE,AL36502     		  I EDUCATIONAL SCHOLARSHIP 1,000
    MICHAEL POWELL
    8123 COUNTY ROAD 65
    ROANOKE,AL36274     		  I EDUCATIONAL SCHOLARSHIP 2,000
    MICHAEL SHEWBART
    428 BOSTICK ROAD
    RED BAY,AL35582     		  I EDUCATIONAL SCHOLARSHIP 750
    MIRIANNE PICHARDO
    PO BOX 244014
    MONTGOMERY,AL36124     		  I EDUCATIONAL SCHOLARSHIP 1,000
    MORGAN BUNDY
    1757 COUNTY ROAD 6640
    BANKS,AL36005     		  I EDUCATIONAL SCHOLARSHIP 1,000
    NATALIE CAIN
    5616 COUNTY ROAD 8
    WOODVILLE,AL35776     		  I EDUCATIONAL SCHOLARSHIP 500
    NICHOLAS CARTWRIGHT
    1471 SHELL ROAD
    GEORGIANA,AL36033     		  I EDUCATIONAL SCHOLARSHIP 1,000
    PEYTON ARMSTRONG
    453 LEE ROAD 419
    OPELIKA,AL36804     		  I EDUCATIONAL SCHOLARSHIP 2,000
    REDDERICK RUTLEDGE III
    9191 CORETTA SCOTT KING HIGHWAY
    MARION,AL36756     		  I EDUCATIONAL SCHOLARSHIP 500
    RILEY NEWTON
    5296 COUNTY ROAD 30
    MAGNOLIA,AL36754     		  I EDUCATIONAL SCHOLARSHIP 500
    ROBERT MEYER
    2009 WYNFIELD DRIVE
    PRATTVILLE,AL36067     		  I EDUCATIONAL SCHOLARSHIP 2,500
    SABRYN RILEY
    29 HILLTOP ROAD
    EVERGREEN,AL36401     		  I EDUCATIONAL SCHOLARSHIP 1,000
    SAMUEL FIELDS
    903 BARNETT HIGHWAY
    BREWTON,AL36426     		  I EDUCATIONAL SCHOLARSHIP 1,000
    SARA ROBERTS
    189 GANN ROAD
    BEAVERTON,AL35544     		  I EDUCATIONAL SCHOLARSHIP 1,000
    SARA SCOTT
    3 LONG BOULEVARD
    BREWTON,AL36426     		  I EDUCATIONAL SCHOLARSHIP 1,000
    SAVANNA JOHNSTON
    1070 COUNTY ROAD 109
    BRUNDIDGE,AL36010     		  I EDUCATIONAL SCHOLARSHIP 1,000
    SHELBIE OLINGER
    PO BOX 244014
    MONTGOMERY,AL36124     		  I EDUCATIONAL SCHOLARSHIP 1,000
    SKYLAR CARMONA
    8425 NATHAN JORDAN ROAD
    MILLRY,AL36558     		  I EDUCATIONAL SCHOLARSHIP 1,000
    SYDNEY BABB
    PO BOX 244014
    MONTGOMERY,AL36124     		  I EDUCATIONAL SCHOLARSHIP 1,000
    TANITA THOMAS
    6908 WENDOVER WAY
    MONTGOMERY,AL36116     		  I EDUCATIONAL SCHOLARSHIP 2,500
    TANNER COWART
    4520 COUNTY ROAD 72
    FORT PAYNE,AL35968     		  I EDUCATIONAL SCHOLARSHIP 1,000
    TANNER MOORE
    1468 BARGANIER ROAD
    CECIL,AL36013     		  I EDUCATIONAL SCHOLARSHIP 2,500
    THOMAS COMPTON
    607 NICHOLAS BLUFF ROAD
    BRANTLEY,AL36009     		  I EDUCATIONAL SCHOLARSHIP 1,000
    THOMAS FOSTER
    40 LEE ROAD 994
    CUSSETA,AL36852     		  I EDUCATIONAL SCHOLARSHIP 2,000
    TIMOTHY MULLECK JR
    19907 ADAMS ACRES ROAD
    ROBERTSDALE,AL36567     		  I EDUCATIONAL SCHOLARSHIP 500
    TREASURE FRANKLIN
    281 COUNTY ROAD 750
    ENTERPRISE,AL36330     		  I EDUCATIONAL SCHOLARSHIP 1,000
    TREVOR HORNE
    9421 LEE ROAD 379
    VALLEY,AL36854     		  I EDUCATIONAL SCHOLARSHIP 2,000
    TRISTEN BURNS
    717 WINDSOR ROAD
    ALBERTVILLE,AL35950     		  I EDUCATIONAL SCHOLARSHIP 1,000
    WILL COCHRAN
    PO BOX 244014
    MONTGOMERY,AL36124     		  I EDUCATIONAL SCHOLARSHIP 1,000
    WILLIAM CHRISTOPHER
    926 TIMBERLANE ROAD
    BUTLER,AL36904     		  I EDUCATIONAL SCHOLARSHIP 500
    WILLIAM DAVIS
    177 AIRPORT ROAD
    LUVERNE,AL36049     		  I EDUCATIONAL SCHOLARSHIP 1,000
    WILLIAM REED
    33 RIALS ROAD
    GRADY,AL36036     		  I EDUCATIONAL SCHOLARSHIP 2,500
    WILLIAM SNYDER
    5840 COUNTY ROAD 2290
    GOSHEN,AL36035     		  I EDUCATIONAL SCHOLARSHIP 1,000
    ZACHARY POTTER
    1929 FRED JORDAN ROAD LOT 6
    MONROEVILLE,AL36460     		  I EDUCATIONAL SCHOLARSHIP 1,000
    ALLISON TAYLOR
    1500 STAVE CREEK ROAD
    JACKSON,AL36545     		  I DISASTER ASSISTANCE 2,500
    MICHAEL MURPHY
    23131 SASSY LANE
    ANDALUSIA,AL36421     		  I DISASTER ASSISTANCE 29,100
    HEATH WILLIAMSON
    32497 STRAUGHN SCHOOL ROAD
    ANDALUSIA,AL36241     		  I DISASTER ASSISTANCE 29,100
    Total .................................bullet 3a 213,450
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-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 15  
    4 Dividends and interest from securities ....          
    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 3,058  
    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 33,255 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    33,255
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-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 XV-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 (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    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 (2021)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990)
    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
    2021
    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) (2021)
    Schedule B (Form 990) (2021) 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
    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
    2
    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
    3
    ED SHORT
     
    300 RAY STREET
     
    ANDALUSIA, AL36420

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    4
    NRUCFC
     
    20701 COOPERATIVE WAY
     
    DULLES, VA20166

    		$ 10,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    5
    SOUTH ALABAMA ELECTRIC COOPERATIVE
     
    PO BOX 449
     
    TROY, AL36081

    		$ 5,825


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    6
    SOUTHERN PINE ELECTRIC COOPERATIVE
     
    PO BOX 528
     
    BREWTON, AL36427

    		$ 19,000


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990) (2021)
    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
    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
    8
    WRIGHT BROTHERS LLC
     
    PO BOX 1086
     
    ANDALUSIA, AL36420

    		$ 5,000


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

    		$  


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

    		$  


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

    		$  


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

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    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) (2021)
    Schedule B (Form 990) (2021)
    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) (2021)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2021 AccountingFeesSchedule
    Name:
    ELECTRIC COOPERATIVE FOUNDATION INC
    EIN:
    63-1190086
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 8,000 0   0

    TY 2021 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 376,146 376,146

    TY 2021 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 656 0   0
    OFFICE EXPENSE 8,719 0   0


    TY 2021 OtherIncreasesSchedule
    Name:
    ELECTRIC COOPERATIVE FOUNDATION INC
    EIN:
    63-1190086
    Description Amount
    UNREALIZED LOSS ON MARKETABLE SECURITIES 43,328


    TY 2021 OtherLiabilitiesSchedule
    Name:
    ELECTRIC COOPERATIVE FOUNDATION INC
    EIN:
    63-1190086
    Description Beginning of Year - Book Value End of Year - Book Value
    DEFERRED SCHOLARSHIPS 93,000 65,816


    TY 2021 SubstantialContributorsSch
    Name:
    ELECTRIC COOPERATIVE FOUNDATION INC
    EIN:
    63-1190086
    Name Address
    ALABAMA RURAL ELECTRIC ASSOCIATION  
     


    TY 2021 TaxesSchedule
    Name:
    ELECTRIC COOPERATIVE FOUNDATION INC
    EIN:
    63-1190086
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAXES 1,335 0   0