Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
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 right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$372,260J 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) 161,083
2 Check right arrow.............
3 Interest on savings and temporary cash investments 2 2  
4 Dividends and interest from securities... 22,889 22,889  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10  
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)... 0
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........ 183,974 22,891  
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
List of Attached Documents:
// Content
9,000 0   0
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
560 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
11,871 0   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 21,431 0   0
25 Contributions, gifts, grants paid....... 158,000 158,000
26 Total expenses and disbursements. Add lines 24 and 25 179,431 0   158,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 4,543
b Net investment income (if negative, enter -0-) 22,891
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
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......... 52,692 8,246 8,246
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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) right arrow  
Less: allowance for doubtful accounts right arrow        
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 right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 322,527 Click to see attachment
List of Attached Documents:
// Content
364,014 		364,014
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 375,219 372,260 372,260
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 right arrow) Click to see attachment
List of Attached Documents:
// Content
55,369 		Click to see attachment
List of Attached Documents:
// Content
28,869
23 Total liabilities (add lines 17 through 22)......... 55,369 28,869
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 313,125 339,166
25 Net assets with donor restrictions............ 6,725 4,225
Foundations that do not follow FASB ASC 958, check here right arrow
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)..... 319,850 343,391
30 Total liabilities and net assets/fund balances (see instructions). 375,219 372,260
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
319,850
2
Enter amount from Part I, line 27a .....................
2
4,543
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
18,998
4
Add lines 1, 2, and 3 ..........................
4
343,391
5
Decreases not included in line 2 (itemize) right arrow
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
343,391
Form 990-PF (2023)
Form 990-PF (2023)
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.)
1a
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
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
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 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
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 right arrow 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) 1 318
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........................... 3 318
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- ..... 5 318
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 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.......right arrow 9 318
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
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. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 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:
round bullet By language in the governing instrument, or
round bullet 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)
right arrowAL
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 2023 or the taxable year beginning in 2023? 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
List of Attached Documents:
// Content
...............................
10
Yes
 
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 addressright arrowWWW.AREAPOWER.COM
14
The books are in care ofright arrowBRIAN MATNEY Telephone no.right arrow (334) 215-2732

Located atright arrow340 TECHNACENTER DRIVEMONTGOMERYAL ZIP+4right arrow36117
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, 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 right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
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
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
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 2023? .............
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 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 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.
right arrow20, 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 2023 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 2023.) .....................
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 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
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
Organizations relying on a current notice regarding disaster assistance check .........right arrow
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
PHILLIP BRYANT DIRECTOR
1.00 		0 0 0
PO BOX 244014
MONTGOMERY,AL36124
TERRY EDMONDSON DIRECTOR
1.00 		0 0 0
PO BOX 244014
MONTGOMERY,AL36124
GENE KANIKOVSKY DIRECTOR
1.00 		0 0 0
PO BOX 244014
MONTGOMERY,AL36124
STEVE SHEFFIELD DIRECTOR
1.00 		0 0 0
PO BOX 244014
MONTGOMERY,AL36124
ROLAND HENDON 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...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
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.............right arrow0
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. 158,000
2  
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.........................right arrow0
Form 990-PF (2023)
Form 990-PF (2023)
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
330,603
b
Average of monthly cash balances.......................
1b
57,486
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
388,089
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
388,089
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
5,821
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
382,268
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
19,113
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
19,113
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
318
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
318
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
18,795
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
18,795
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
18,795
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
158,000
b
Program-related investments—total from Part VIII-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 XII, line 4. .......
4
158,000
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 18,795
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 145,428
b From 2019...... 186,469
c From 2020...... 158,045
d From 2021...... 191,037
e From 2022...... 130,884
f Total of lines 3a through e ........ 811,863
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 158,000
a Applied to 2022, 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 2023 distributable amount..... 18,795
e Remaining amount distributed out of corpus 139,205
5 Excess distributions carryover applied to 2023. 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 5 951,068
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 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		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 2018 not
applied on line 5 or line 7 (see instructions) ... 		145,428
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		805,640
10 Analysis of line 9:
a Excess from 2019.... 186,469
b Excess from 2020.... 158,045
c Excess from 2021.... 191,037
d Excess from 2022.... 130,884
e Excess from 2023.... 139,205
Form 990-PF (2023)
Form 990-PF (2023)
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 2023, enter the date of the ruling ...... right arrow
 
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 IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
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 right arrow
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 (2023)
Form 990-PF (2023)
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
ABBY TURBERVILLE


97 AUSTIN DRIVE
MONROEVILLE,AL36460 		  I EDUCATIONAL SCHOLARSHIP 1,000
ABIGAIL TURNER


2112 OIL WELL ROAD
FLOMATON,AL36441 		  I EDUCATIONAL SCHOLARSHIP 1,000
ALLISON GODWIN


304 NORTH BROAD STREET
SAMSON,AL36477 		  I EDUCATIONAL SCHOLARSHIP 1,000
ALYSON GALLOWAY


3315 LEE ROAD 165
OPELIKA,AL36804 		  I DISASTER ASSISTANCE 2,000
ANDREW GALLOWAY


3781 COUNTY ROAD 3304
TROY,AL36079 		  I EDUCATIONAL SCHOLARSHIP 1,000
ANNA MCLLWAIN


3102 MOSLEY BRIDGE ROAD
GILBERTOWN,AL36908 		  I EDUCATIONAL SCHOLARSHIP 500
ANNSLEY WALLACE


4128 FORT DALE ROAD
GREENVILLE,AL36037 		  I EDUCATIONAL SCHOLARSHIP 1,000
AQUAVIS PEARSON


222 COUNTY ROAD 5516 LOT D37
TROY,AL36081 		  I EDUCATIONAL SCHOLARSHIP 1,000
ASHLIANNE CARAWAY


148 3RD STREET
MONROW,AL36460 		  I EDUCATIONAL SCHOLARSHIP 1,000
ASPEN GERALD


56550 SPLINTER HILL
PERDIDO,AL36562 		  I EDUCATIONAL SCHOLARSHIP 1,000
AUBREY HALLAM


121 LEE ROAD 468
SMITH STATION,AL36877 		  I EDUCATIONAL SCHOLARSHIP 2,000
AUBURN MORRELL


69 SLAUGHTER ROAD
LUVERNE,AL36049 		  I EDUCATIONAL SCHOLARSHIP 1,000
AVERY LEY


1870 WATERFALL ROAD
AUBURN,AL36830 		  I EDUCATIONAL SCHOLARSHIP 2,000
AYSHA MACK


8501 TWIN GABLES DRIVE
MONTGOMERY,AL36116 		  I EDUCATIONAL SCHOLARSHIP 3,000
AZARIA HALL


4607 HIGHWAY 239
BANKS,AL36005 		  I EDUCATIONAL SCHOLARSHIP 3,000
BELLA WORRELL


1033 FIRETOWER ROAD
WETUMPKA,AL36093 		  I EDUCATIONAL SCHOLARSHIP 2,500
BRANT YANKIE


106 WATKINS GLEN DRIVE
WETUMPKA,AL36093 		  I EDUCATIONAL SCHOLARSHIP 2,500
BRAXTON BOGGS


39 MEDLINE AVENUE
FRISCO CITY,AL36445 		  I EDUCATIONAL SCHOLARSHIP 1,000
BRIAN BLAIR II


202 MOCKINGBIRD LANE
RED BAY,AL35582 		  I EDUCATIONAL SCHOLARSHIP 1,000
BRIANA STUCKEY


425 PINE ROAD
BREWTON,AL36426 		  I EDUCATIONAL SCHOLARSHIP 1,000
BRIANN SNYDER


6230 COUNTY ROAD 2290
GOSHEN,AL36035 		  I EDUCATIONAL SCHOLARSHIP 1,000
BRODY STRINGER


8453 RIDGE ROAD
GREENVILLE,AL36037 		  I EDUCATIONAL SCHOLARSHIP 1,000
BRYCE HINNANT


418 SCHOOL STREET
FRISCO CITY,AL36445 		  I EDUCATIONAL SCHOLARSHIP 1,000
CADE WHORTON


104 LEE HOLCOB ROAD
BOAZ,AL35956 		  I EDUCATIONAL SCHOLARSHIP 1,000
CARTIYAH SALINAS


5 BOATWRIGHT ROAD
FRISCO CITY,AL36445 		  I EDUCATIONAL SCHOLARSHIP 1,000
CHARLIE MCVAY


3067 BLACKWELL ROAD
HIGHLAND HOME,AL36041 		  I EDUCATIONAL SCHOLARSHIP 1,000
CLAIR HART


255 HART FARM ROAD
BREWTON,AL36441 		  I EDUCATIONAL SCHOLARSHIP 1,000
CLAIRE MCREYNOLDS


PO BOX 103
KINSTON,AL36453 		  I EDUCATIONAL SCHOLARSHIP 1,000
CONNER THRASH


485 COUNTY ROAD 128
JACK,AL36346 		  I EDUCATIONAL SCHOLARSHIP 1,000
COULTER BUMGARNER


2901 COUNTY ROAD 148
BOLIGEE,AL35443 		  I EDUCATIONAL SCHOLARSHIP 500
DALTON BOYKIN


PO BOX 532
GROVE HILL,AL36451 		  I EDUCATIONAL SCHOLARSHIP 1,000
DAMARI THOMAS


310 COUNTY ROAD 4435
BRUNDIDGE,AL36010 		  I EDUCATIONAL SCHOLARSHIP 1,000
DAVIS KILCREASE


8577 COUNTY ROAD 7708
TROY,AL36081 		  I EDUCATIONAL SCHOLARSHIP 1,000
DELANEY HAWTHORNE


345 DANSBY COURT
PIKE ROAD,AL36064 		  I EDUCATIONAL SCHOLARSHIP 3,000
EDEN SKIPPER


1909 RIDGE ROAD
GREENVILLE,AL36037 		  I EDUCATIONAL SCHOLARSHIP 1,000
ELI NICHOLS


278 TURNER HILL ROAD
BRANTLEY,AL36009 		  I EDUCATIONAL SCHOLARSHIP 1,000
ELIZABETH CRAWLEY


10681 NORTH US HIGHWAY 29
BANKS,AL36005 		  I EDUCATIONAL SCHOLARSHIP 1,000
ELIZABETH YOUNG


77 EMMY LANE
FLOMATON,AL36441 		  I EDUCATIONAL SCHOLARSHIP 1,000
ELLA CRUMPTON


2729 COUNTY HIGHWAY 14
WINFIELD,AL35594 		  I EDUCATIONAL SCHOLARSHIP 500
EMILEE PAUL


360 CREEHILL CREEK ROAD
FORKLAND,AL36740 		  I EDUCATIONAL SCHOLARSHIP 1,000
EMILY PRICE


18209 ROCKHOLE BRIDGE ROAD
ANDALUSIA,AL36420 		  I EDUCATIONAL SCHOLARSHIP 1,000
EMMA BURTTRAM


1639 ENZOR ROAD
TROY,AL36079 		  I EDUCATIONAL SCHOLARSHIP 1,000
EMMA KILLINGSWORTH


1395 COUNTY ROAD 2278
GLENWOOD,AL36064 		  I EDUCATIONAL SCHOLARSHIP 1,000
ERIC FORD


355 3RD AVENUE
GRANT,AL35747 		  I EDUCATIONAL SCHOLARSHIP 500
ERIN COOPER


80 WOODBINE ROAD
GILBERTOWN,AL36908 		  I EDUCATIONAL SCHOLARSHIP 500
ETHAN PERRIGIN


24469 AVALON BOULEVARD
DAPHNE,AL36526 		  I EDUCATIONAL SCHOLARSHIP 500
FRANCES LEWIS


5376 WOMACK HILL ROAD
GILBERTOWN,AL36908 		  I EDUCATIONAL SCHOLARSHIP 500
GERRI-RYAN ESPEY


761 LONESOME PINE ROAD
ATMORE,AL36502 		  I EDUCATIONAL SCHOLARSHIP 1,000
GRACESON POOLE


385 COUNTY ROAD 12
PIEDMONT,AL36272 		  I EDUCATIONAL SCHOLARSHIP 500
GRACIE WELCH


10970 HIGHWAY 215
FRISCO CITY,AL36445 		  I EDUCATIONAL SCHOLARSHIP 1,000
GRAY BRENDLE


8013 LAKERIDGE DRIVE
MONTGOMERY,AL36117 		  I EDUCATIONAL SCHOLARSHIP 3,000
GUNNER SAWYER


273 COUNTY ROAD 123
JACK,AL36346 		  I EDUCATIONAL SCHOLARSHIP 1,000
HALLE SUDDUTH


10511 FERNBANK ROAD
MILLPORT,AL35576 		  I EDUCATIONAL SCHOLARSHIP 1,000
HANNAH SCRUGGS


748 GORUM ROAD
MCKENZIE,AL36456 		  I EDUCATIONAL SCHOLARSHIP 1,000
HARLEE TURNER


1560 COUNTY ROAD 698
PISGAH,AL35765 		  I EDUCATIONAL SCHOLARSHIP 1,000
HARLEY WILSON


6489 APPLETON ROAD
BREWTON,AL36426 		  I EDUCATIONAL SCHOLARSHIP 1,000
HAYDEN STELL


26 MARY MCCLENDON ROAD
OZARK,AL36360 		  I EDUCATIONAL SCHOLARSHIP 1,000
HAYLEY PLATT


556 ESCATAWPA ROAD
FRUITDALE,AL36539 		  I EDUCATIONAL SCHOLARSHIP 1,000
ISABELLA PARMER


976 HUXFORD
ATMORE,AL36502 		  I EDUCATIONAL SCHOLARSHIP 1,000
JACK JONES


452 MOCKINGBIRD LANE
PIKE ROAD,AL36064 		  I EDUCATIONAL SCHOLARSHIP 3,000
JACKSON GREGORIUS


12255 MYRTILE STREET
FAIRHOPE,AL36532 		  I EDUCATIONAL SCHOLARSHIP 500
JACKSON WEBB


16487 COUNTY ROAD 15
EVERGREEN,AL36401 		  I EDUCATIONAL SCHOLARSHIP 1,000
JACOB BARNES


601 COUNTY ROAD 622
VALLEY HEAD,AL35989 		  I EDUCATIONAL SCHOLARSHIP 1,000
JACOB SHARPE


1233 CHESSON HILL DRIVE
FITZPATRICK,AL36029 		  I EDUCATIONAL SCHOLARSHIP 3,000
JACOBI GREEN


189 COUNTY ROAD 7714
TROY,AL36081 		  I EDUCATIONAL SCHOLARSHIP 1,000
JAMIE CRISWELL


324 TURNER STREET
CHATOM,AL36518 		  I EDUCATIONAL SCHOLARSHIP 1,000
JASPER GIBSON


90 LOTTS FERRY ROAD
BUTLER,AL36904 		  I EDUCATIONAL SCHOLARSHIP 500
JENESIS FOSTER


1206 STAFFORD DRIVE
MONTGOMERY,AL36117 		  I EDUCATIONAL SCHOLARSHIP 6,000
JOHN YOUNGBLOOD


3 HOUSTON PARK GARDENS
SELMA,AL36701 		  I EDUCATIONAL SCHOLARSHIP 1,000
JOHN BREWTON


149 PINEVILLE ROAD
MONROEVILLE,AL36460 		  I EDUCATIONAL SCHOLARSHIP 1,000
JONAH WILLIAMS


83 COUNTY ROAD 9061
CROSSVILLE,AL35962 		  I EDUCATIONAL SCHOLARSHIP 1,000
JONATHAN SMITH


475 OAK HILLS DRIVE
RUSSELLVILLE,AL35653 		  I EDUCATIONAL SCHOLARSHIP 1,000
JONATHON ENGLAND


1976 AUTUMN CREEK DRIVE
ARAB,AL35016 		  I EDUCATIONAL SCHOLARSHIP 1,000
JOSEPH GLEESON


438 HOLLINGER ROAD
ATMORE,AL36502 		  I EDUCATIONAL SCHOLARSHIP 1,000
JOSHUA VAUGN


527 SEMINOLE DRIVE
MONTGOMERY,AL36117 		  I EDUCATIONAL SCHOLARSHIP 3,000
JULEYDI FRANCO-RAMOS


142 COUNTY ROAD 9098
CROSSVILLE,AL35962 		  I EDUCATIONAL SCHOLARSHIP 1,000
KACI WILKES


1882 COUNTY ROAD 2203
GOSHEN,AL36035 		  I EDUCATIONAL SCHOLARSHIP 1,000
KAILEY FRANKLIN


702 ETHAN LANE
PRATTVILLE,AL36067 		  I EDUCATIONAL SCHOLARSHIP 2,500
KALYN NELSON


546 COUNTY ROAD 316
TRINITY,AL35673 		  I EDUCATIONAL SCHOLARSHIP 500
KARSYN YOUNTZ


2701 OLD COLUMBUS ROAD
OPELIKA,AL36804 		  I EDUCATIONAL SCHOLARSHIP 2,000
KATHRYN LANCASTER


606 LESTER DRIVE
BOAZ,AL35957 		  I EDUCATIONAL SCHOLARSHIP 500
KATIE DAVIS


16379 WOODLAND ESTATES ROAD
ANDALUSIA,AL36421 		  I EDUCATIONAL SCHOLARSHIP 1,000
KAYLEY PEEBLES


25434 ZACCHINI ROAD
RED LEVEL,AL36474 		  I EDUCATIONAL SCHOLARSHIP 1,000
KAYLA GIBSON


69 COUNTY ROAD 430
ELBA,AL36323 		  I EDUCATIONAL SCHOLARSHIP 1,000
KENZIE MANNING


25 GROSS LANE
WOODVILLE,AL35776 		  I EDUCATIONAL SCHOLARSHIP 500
KERI JAMES


2417 DEER PARK BURBANK ROAD
VINEGAR BEND,AL36584 		  I EDUCATIONAL SCHOLARSHIP 1,000
KILEY TURBERVILLE


206 CEDAR RIDGE ROAD
REPTON,AL36475 		  I EDUCATIONAL SCHOLARSHIP 1,000
KIRA BRUNO


40 FINCH DRIVE
SWEETWATER,AL36782 		  I EDUCATIONAL SCHOLARSHIP 500
KORTNI DAVIS


1046 COUNTY ROAD 384
DUTTON,AL35744 		  I EDUCATIONAL SCHOLARSHIP 1,000
LAUREN PERSONS


4 HIDDEN LAKE ROAD
HATCHECHUBBEE,AL36858 		  I EDUCATIONAL SCHOLARSHIP 2,000
LAUREN ROWE


686 TURNER LANE
VERNON,AL35592 		  I EDUCATIONAL SCHOLARSHIP 1,000
LESLYE RIOS JARQUIN


80 NEEDMORE ROAD
ALBERTVILLE,AL35950 		  I EDUCATIONAL SCHOLARSHIP 1,000
LYDIA GOSA


2323 MOUNTAIN GAP ROAD
GUIN,AL35563 		  I EDUCATIONAL SCHOLARSHIP 1,000
MACKENZIE DANIEL


509 COUNTY ROAD 1135
TROY,AL36079 		  I EDUCATIONAL SCHOLARSHIP 1,000
MADDIE MCKENNEY


1277 COUNTY ROAD 1036
CULLMAN,AL35057 		  I EDUCATIONAL SCHOLARSHIP 1,000
MAISIE WAYNICK


6062 HIGHWAY 36 WEST
DANVILLE,AL35619 		  I EDUCATIONAL SCHOLARSHIP 500
MARY-CLAIRE BROWN


1340 LEE ROAD 166
OPELIKA,AL35804 		  I EDUCATIONAL SCHOLARSHIP 2,000
MAYA MULLEN


1723 OVERHILL COURT
AUBURN,AL36830 		  I EDUCATIONAL SCHOLARSHIP 2,000
MOLLY SIMMONS


2261 COUNTY ROAD 4420
BRUNDIDGE,AL36010 		  I EDUCATIONAL SCHOLARSHIP 1,000
NATHAN MCBRIDE


947 E SMITHVILLE ROAD
DOTHAN,AL36301 		  I EDUCATIONAL SCHOLARSHIP 1,000
NATHAN WILLIS


603 TINNER MAYO ROAD
UNION GROVE,AL35175 		  I EDUCATIONAL SCHOLARSHIP 1,000
MORGAN DUBOSE


114 MURPHY PARK DRIVE
BREWTON,AL36426 		  I EDUCATIONAL SCHOLARSHIP 1,000
NEELA LARKIN


1309 CYPRESS COVE ROAD
FORKLAND,AL36740 		  I EDUCATIONAL SCHOLARSHIP 500
NEHEMIAH SANDERS


2235 COOSA COUNTY ROAD 49
GOODWATER,AL35072 		  I EDUCATIONAL SCHOLARSHIP 2,500
NOAH CHISM


1505 CROSSLEY ROAD
VERNON,AL35592 		  I EDUCATIONAL SCHOLARSHIP 1,000
NOAH JORDAN


3527 BUTLER STREET
FRISCO CITY,AL36445 		  I EDUCATIONAL SCHOLARSHIP 1,000
PRESLEY LASTER


6082 HIGHWAY 56
RUSSELLVILLE,AL35654 		  I EDUCATIONAL SCHOLARSHIP 1,000
PRESTON BOURNE


15 COUNTY ROAD 756
ENTERPRISE,AL36330 		  I EDUCATIONAL SCHOLARSHIP 1,000
RICHARD BAKER


903 COUNTY ROAD 40
PHIL CAMBELL,AL35581 		  I EDUCATIONAL SCHOLARSHIP 1,000
RICHARD WEED


27 MORGAN MILL ROAD
BRANTLEY,AL36009 		  I EDUCATIONAL SCHOLARSHIP 1,000
RYESHA FIELDS


614 COUNTY ROAD 77
SAWYERVILLE,AL36776 		  I EDUCATIONAL SCHOLARSHIP 500
SADIE SMITH


280 COUNTY ROAD 877
FYFFE,AL35971 		  I EDUCATIONAL SCHOLARSHIP 1,000
SAMUEL WILLIAMS III


521 FAIRWAY CIRCLE
ARAB,AL35016 		  I EDUCATIONAL SCHOLARSHIP 1,000
SIERRA TERRELL


120 8TH STREET NE
RED BAY,AL35582 		  1 DISASTER RELIEF 1,000
STEVEN SMITH


323 SAMPSON ROAD
ALBERTVILLE,AL35951 		  I EDUCATIONAL SCHOLARSHIP 1,000
SUZANA WARTHEN


6913 D AND B LANE
WING,AL36483 		  I EDUCATIONAL SCHOLARSHIP 1,000
TAMAYA HASLEY


605 COOKBRIDGE ROAD
GEORGIANA,AL36033 		  I EDUCATIONAL SCHOLARSHIP 1,000
TANNA SINGLETON


4989 US HIGHWAY 231
BRUNDIDGE,AL36010 		  I EDUCATIONAL SCHOLARSHIP 1,000
VICTORIA GLOVER


736 COUNTY ROAD 7
GREENSBORO,AL36744 		  I EDUCATIONAL SCHOLARSHIP 500
VIRGINIA COX


242 LEE ROAD 2054
OPELIKA,AL36804 		  I EDUCATIONAL SCHOLARSHIP 2,000
VIVIAN GATES


60 VAUGHN LANE
FOREST HOME,AL36030 		  I EDUCATIONAL SCHOLARSHIP 1,000
WALKER SIMMONS


27998 COUNTY ROAD 21
RED LEVEL,AL36474 		  I EDUCATIONAL SCHOLARSHIP 1,000
WALTER JOHNSON


8152 OAK ALY
MONTGOMERY,AL36117 		  I EDUCATIONAL SCHOLARSHIP 3,000
WILLIAM DARLRYMPLE


2203 COUNTY ROAD 715
BANKS,AL36330 		  I EDUCATIONAL SCHOLARSHIP 1,000
WILLIAM MOSELEY


2975 MOBILE CUT OFF ROAD
ST STEPHENS,AL36569 		  I EDUCATIONAL SCHOLARSHIP 1,000
WYAT BURTON


PO BOX 621
CHATOM,AL36518 		  I EDUCATIONAL SCHOLARSHIP 1,000
XEQUAN HURT


33641 HIGHWAY 82
MIDWAY,AL36053 		  I EDUCATIONAL SCHOLARSHIP 3,000
ZANE WILLIAMS


17230 ALABAMA HIGHWAY 168
ALBERTVILLE,AL35951 		  I EDUCATIONAL SCHOLARSHIP 1,000
ZOE DURHAM


219 BLUE RIDGE ROAD
WINFIELD,AL35594 		  I EDUCATIONAL SCHOLARSHIP 1,000
ZOE MCMANIGIE


145 DEERFIELD ROAD
LUVERNE,AL36049 		  I EDUCATIONAL SCHOLARSHIP 1,000
Total .................................right arrow 3a 158,000
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
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 2  
4 Dividends and interest from securities ....     14 22,889  
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 ............ 		         
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 22,891 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
22,891
(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 (2023)
Form 990-PF (2023)
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.
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 Firm's EIN SmallBullet
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Form 990-PF (2023)
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
2023
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) (2023)
Schedule B (Form 990) (2023) 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
 
103 JESSE SAMUEL HUNT BLVD
 
PRATTVILLE, AL36066

$ 9,000


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

$ 5,000


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

$ 11,000


(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

$ 32,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
5
MARSHALL-DEKALB ELECTRIC COOPERATIVE
 
PO BOX 724
 
BOAZ, AL35957

$ 5,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
6
SOUTH ALABAMA ELECTRIC COOPERATIVE
 
PO BOX 449
 
TROY, AL36081

$ 17,000


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
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
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
8
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
9
TOMBIGBEE ELECTRIC COOPERATIVE
 
3196 COUNTY HWY 55
 
HAMILTON, AL35570

$ 5,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
10
PIONEER EC
 
300 HERBERT ST
 
GREENVILLE, AL36067

$ 6,000


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

$  


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

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
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) (2023)
Schedule B (Form 990) (2023)
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) (2023)
Additional Data


Software ID:  
Software Version:  

TY 2023 AccountingFeesSchedule
Name:
ELECTRIC COOPERATIVE FOUNDATION INC
EIN:
63-1190086
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 9,000 0   0

TY 2023 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 364,014 364,014

TY 2023 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 1,086 0   0
OFFICE EXPENSE 10,288 0   0
MISCELLANEOUS 497 0   0


TY 2023 OtherIncreasesSchedule
Name:
ELECTRIC COOPERATIVE FOUNDATION INC
EIN:
63-1190086
Description Amount
UNREALIZED LOSS ON MARKETABLE SECURITIES 18,998


TY 2023 OtherLiabilitiesSchedule
Name:
ELECTRIC COOPERATIVE FOUNDATION INC
EIN:
63-1190086
Description Beginning of Year - Book Value End of Year - Book Value
DEFERRED SCHOLARSHIPS 55,369 28,869


TY 2023 SubstantialContributorsSch
Name:
ELECTRIC COOPERATIVE FOUNDATION INC
EIN:
63-1190086
Name Address
ALABAMA RURAL ELECTRIC ASSOCIATION  
 


TY 2023 TaxesSchedule
Name:
ELECTRIC COOPERATIVE FOUNDATION INC
EIN:
63-1190086
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAXES 560 0   0