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
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
Name of foundation
ELECTRIC COOPERATIVE FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)340 TECHNACENTER DRIVE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MONTGOMERY, AL36117
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$395,629J 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) 173,397
2 Check right arrow.............
3 Interest on savings and temporary cash investments 1 1  
4 Dividends and interest from securities... 45,421 45,421  
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........ 218,819 45,422  
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
13,500 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
730 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
12,428 0   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 26,658 0   0
25 Contributions, gifts, grants paid....... 164,000 164,000
26 Total expenses and disbursements. Add lines 24 and 25 190,658 0   164,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 28,161
b Net investment income (if negative, enter -0-) 45,422
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
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......... 8,246 6,973 6,973
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).......... 364,014 Click to see attachment
List of Attached Documents:
// Content
388,656 		388,656
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) 372,260 395,629 395,629
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
28,869 		Click to see attachment
List of Attached Documents:
// Content
17,855
23 Total liabilities (add lines 17 through 22)......... 28,869 17,855
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........... 339,166 373,549
25 Net assets with donor restrictions............ 4,225 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)..... 343,391 377,774
30 Total liabilities and net assets/fund balances (see instructions). 372,260 395,629
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
343,391
2
Enter amount from Part I, line 27a .....................
2
28,161
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
6,222
4
Add lines 1, 2, and 3 ..........................
4
377,774
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
377,774
Form 990-PF (2024)
Form 990-PF (2024)
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) 1 631
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........................... 3 631
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- ..... 5 631
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 412
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.............. 7 412
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 1
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 220
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 2025 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2024)
Form 990-PF (2024)
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 2024 or the taxable year beginning in 2024? 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 2024, 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 (2024)
Form 990-PF (2024)
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 2024? .............
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 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
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 2024 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 2024.) .....................
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 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
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
BRUCE BOSWELL DIRECTOR
1.00 		0 0 0
PO BOX 244014
MONTGOMERY,AL36124
TERRY EDMONDSON DIRECTOR
1.00 		0 0 0
PO BOX 244014
MONTGOMERY,AL36124
DARYL JONES DIRECTOR
1.00 		0 0 0
PO BOX 244014
MONTGOMERY,AL36124
MARK PARKER 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/SECRETARY
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 (2024)
Form 990-PF (2024)
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. 164,000
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 (2024)
Form 990-PF (2024)
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
392,114
b
Average of monthly cash balances.......................
1b
34,380
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
426,494
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
426,494
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
6,397
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
420,097
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
21,005
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
21,005
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
631
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
631
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
20,374
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
20,374
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
20,374
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
164,000
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
164,000
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7 20,374
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019...... 186,469
b From 2020...... 158,045
c From 2021...... 191,037
d From 2022...... 130,884
e From 2023...... 139,205
f Total of lines 3a through e ........ 805,640
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 164,000
a Applied to 2023, 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 2024 distributable amount..... 20,374
e Remaining amount distributed out of corpus 143,626
5 Excess distributions carryover applied to 2024. 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 5 949,266
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 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		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 2019 not
applied on line 5 or line 7 (see instructions) ... 		186,469
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		762,797
10 Analysis of line 9:
a Excess from 2020.... 158,045
b Excess from 2021.... 191,037
c Excess from 2022.... 130,884
d Excess from 2023.... 139,205
e Excess from 2024.... 143,626
Form 990-PF (2024)
Form 990-PF (2024)
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 2024, 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) 2024 (b) 2023 (c) 2022 (d) 2021
         
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 if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
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 23, 2024
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 (2024)
Form 990-PF (2024)
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
AARON HARRIS


2065 LEE ROAD 330
SMITHS STATION,AL36877 		  I EDUCATIONAL SCHOLARSHIP 2,000
AIDAN BLUM


345 HILLABEE DRIVE
MONTGOMERY,AL36117 		  I EDUCATIONAL SCHOLARSHIP 3,000
ALLI BUTTS


1602 OLD STAGE RD
GREENVILLE,AL36037 		  I EDUCATIONAL SCHOLARSHIP 1,000
ALLIE LOVRICH


34 BOYKIN LAKES BOULEVARD
PIKE ROAD,AL36064 		  I DISASTER ASSISTANCE 3,000
AMBER WILKINSON


1157 MCGOUGH RD
LUVERNNE,AL36049 		  I EDUCATIONAL SCHOLARSHIP 1,000
AMBER KING


809 BOOKERS MILL ROAD
EVERGREEN,AL36401 		  I EDUCATIONAL SCHOLARSHIP 1,000
AMELIA ESKEW


6061 ANDHURST DRIVE
GULF SHORES,AL36542 		  I EDUCATIONAL SCHOLARSHIP 500
ANNA MALONE


6139 COUNTY ROAD 19
DEMOPOLIS,AL36732 		  I EDUCATIONAL SCHOLARSHIP 500
ANNA KILCREASE


247 COUNTY ROAD 109
BRUNDIDGE,AL36010 		  I EDUCATIONAL SCHOLARSHIP 1,000
ANNA HAWSEY


1131 KEEGO ROAD
BREWTON,AL36426 		  I EDUCATIONAL SCHOLARSHIP 1,000
ANNALEE ALLEN


512 COUNTY ROAD 732
CULLMAN,AL35055 		  I EDUCATIONAL SCHOLARSHIP 1,000
ASHLYNN STEPHENS


403 7TH STREET NE
ARAB,AL35016 		  I EDUCATIONAL SCHOLARSHIP 1,000
AUSTIN GONTARSKI


25325 LAKESIDE TERRACE
LOXLEY,AL36551 		  I EDUCATIONAL SCHOLARSHIP 500
BAYLEE SMITH


29010 WYATT FARM ROAD
OPP,AL36467 		  I EDUCATIONAL SCHOLARSHIP 1,000
BRADY SHELL


1947 EBENEZER ROAD
GEORGIANA,AL36033 		  I EDUCATIONAL SCHOLARSHIP 1,000
BRANT SMITH


42458 US HWY 11
VALLEY HEAD,AL35989 		  I EDUCATIONAL SCHOLARSHIP 1,000
BRICE MCKENZIE


4879 SWEETWATER ROAD
HIGHLAND HOME,AL36041 		  I EDUCATIONAL SCHOLARSHIP 1,000
BRILEE WHITTEN


271 FACTORY FALLS ROAD
SPRUCE PINE,AL35585 		  I EDUCATIONAL SCHOLARSHIP 1,000
BRILEY DOUGLAS


6996 US HWY 29
ANDALUSIA,AL36420 		  I EDUCATIONAL SCHOLARSHIP 1,000
BRITTON PAUL


3773 COUNTY ROAD 2287
GOSHEN,AL36035 		  I EDUCATIONAL SCHOLARSHIP 1,000
BRODY WORRELL


1033 FIRETOWER ROAD
WETUMPKA,AL36093 		  I EDUCATIONAL SCHOLARSHIP 2,500
BROOKE BENEFIELD


1873 OAK GROVE ROAD
CROSSVILLE,AL35967 		  I EDUCATIONAL SCHOLARSHIP 1,000
BROOKLYN HALL


248 JOE HOPE DRIVE
GERALDINE,AL35974 		  I EDUCATIONAL SCHOLARSHIP 1,000
BROOKS RILEY


700 LEE ROAD 613
SMITHS STATION,AL36877 		  I EDUCATIONAL SCHOLARSHIP 2,000
CADEN AUTREY


8520 U S HIGHWAY 80 E
SELMA,AL36701 		  I EDUCATIONAL SCHOLARSHIP 1,000
CADEN BLAIR


1891 PALIN AVENUE
OPELIKA,AL36801 		  I EDUCATIONAL SCHOLARSHIP 2,000
CALEB BROOKS


3055 PINEAPPLE HYW
GREENVILLE,AL36037 		  I EDUCATIONAL SCHOLARSHIP 1,000
CALEIGH WALKER


71 TESS DRIVE
VERNON,AL35592 		  I EDUCATIONAL SCHOLARSHIP 1,000
CAMMIE WILKS


644 LIBERTY ROAD
HENAGAR,AL35978 		  I EDUCATIONAL SCHOLARSHIP 1,000
CANNON SPILLER


3072 COUNTY HIGHWAY 61
GUIN,AL35563 		  I EDUCATIONAL SCHOLARSHIP 1,000
CAROLINE REEVES


11612 BROOKLYN ROAD
ANDALUSIA,AL36421 		  I EDUCATIONAL SCHOLARSHIP 1,000
CARTER RENN


14985 HIGHWAY 11 SOUTH
FOSTERS,AL35463 		  I EDUCATIONAL SCHOLARSHIP 500
CHARLES JOHNSON


85 FAWN DRIVE
DEMOPOLIS,AL36732 		  I EDUCATIONAL SCHOLARSHIP 500
CHARLIE CARD


190 COATOPA DR
LIVINGSTON,AL35470 		  I EDUCATIONAL SCHOLARSHIP 500
CHLOE DUNCAN


7536 COUNTY ROAD 7708
TROY,AL36081 		  I EDUCATIONAL SCHOLARSHIP 1,000
CHRISTIAN BURKS


720 HILL ROAD
BOAZ,AL35957 		  I EDUCATIONAL SCHOLARSHIP 1,000
CHRISTIAN CLAY


32 HANK WILLIAMS ROAD
GEORGIANA,AL36033 		  I EDUCATIONAL SCHOLARSHIP 1,000
CHRISTIAN FAIN


125 KEEGO ROAD
BREWTON,AL36426 		  I EDUCATIONAL SCHOLARSHIP 1,000
CLAYTON DONOVAN


1071 PINEVIEW ROAD
BUTLER,AL36904 		  I EDUCATIONAL SCHOLARSHIP 500
COLIN ARNOLD


2391 HIGHWAY 84
ELBA,AL36323 		  I EDUCATIONAL SCHOLARSHIP 1,000
COOPER FISHER


250 DOE RUN COURT
PIKE ROAD,AL360644500 		  I EDUCATIONAL SCHOLARSHIP 3,000
DAVID PINKSTON


255 ROCKFIELD ROAD
TITUS,AL36080 		  I EDUCATIONAL SCHOLARSHIP 2,500
DAYRET GARCIA


853 HWY 144
RUSSELLVILLE,AL35654 		  I EDUCATIONAL SCHOLARSHIP 1,000
ELI COVINGTON


360 HOWARD PAGE LANE
ATMORE,AL36502 		  I EDUCATIONAL SCHOLARSHIP 1,000
ELLA COOPER


922 COUNTY ROAD 420
OPP,AL36467 		  I EDUCATIONAL SCHOLARSHIP 1,000
ELLA TIMMONS


84 ARBOR LANE PO BOX 661
RAINSVILLE,AL35986 		  I EDUCATIONAL SCHOLARSHIP 1,000
ELLA CARDEN


455 KEEGO ROAD
BREWTON,AL36426 		  I EDUCATIONAL SCHOLARSHIP 1,000
ELLA-KATE TOMLIN


3528 QUAIL TOWER RD
LUVERNE,AL36049 		  I EDUCATIONAL SCHOLARSHIP 1,000
ELLIS KNIGHTEN


3744 SHEEP TRAIL RD
BRANTLEY,AL36009 		  I EDUCATIONAL SCHOLARSHIP 1,000
ELSIE COPPAGE


102 MARGARET LANE
TROY,AL36079 		  I EDUCATIONAL SCHOLARSHIP 1,000
EMILY MASON


125 BLANKENSHIP LANE
WETUMPKA,AL36092 		  I EDUCATIONAL SCHOLARSHIP 2,500
EMILY CUTLER


8100 WYNLAKES BOULEVARD
MONTGOMERY,AL36117 		  I EDUCATIONAL SCHOLARSHIP 3,000
EMILY DAVIS


939 COUNTY ROAD 287
STEVENSON,AL35772 		  I EDUCATIONAL SCHOLARSHIP 500
EMMA PUGH


28675 STILLMAN RD
ANDALUSIA,AL36421 		  I EDUCATIONAL SCHOLARSHIP 1,000
ESMERALDA SANCHEZ


164 COUNTY ROAD 9097
CROSSVILLE,AL35962 		  I EDUCATIONAL SCHOLARSHIP 1,000
ETHAN JONES


452 MOCKINGBIRD LANE
PIKE ROAD,AL36063 		  I EDUCATIONAL SCHOLARSHIP 3,000
GARRETT BARNES


1794 TREE FARM ROAD
SULLIGENT,AL35586 		  I EDUCATIONAL SCHOLARSHIP 1,000
GRACE OLDHAM


221 ASHWORTH LANS
GUNTERSVILLE,AL35976 		  I EDUCATIONAL SCHOLARSHIP 1,000
GRETCHEN GUNTER


335 RECO ROAD
CHATOM,AL36518 		  I EDUCATIONAL SCHOLARSHIP 1,000
HAILEY WARD


3190 BARTON RD
WING,AL36483 		  I EDUCATIONAL SCHOLARSHIP 1,000
HALEY CHANCE


32303 HESTERS STORE ROAD
RED LEVEL,AL36474 		  I EDUCATIONAL SCHOLARSHIP 1,000
HANNAH WHITE


1600 BEULAH CAMPGROUND ROAD
REPTON,AL36475 		  I EDUCATIONAL SCHOLARSHIP 1,000
HARLEE BENNETT


70 COUNTY ROAD 2481
GLENWOOD,AL36034 		  I EDUCATIONAL SCHOLARSHIP 1,000
HARLEY WYATT


2055 NILES RD
BOAZ,AL35957 		  I EDUCATIONAL SCHOLARSHIP 1,000
HATTIE HURST


703 THE COVE
DEMOPOLIS,AL36732 		  I EDUCATIONAL SCHOLARSHIP 500
HOPE CHALLANCIN


2112 ELM ST RD
TROY,AL36081 		  I EDUCATIONAL SCHOLARSHIP 1,000
IRENE PARK


1485 MEADOW GLEN RD
MONTGOMERY,AL36117 		  I EDUCATIONAL SCHOLARSHIP 3,000
ISABEL HORTON


491 COUNTY ROAD 1814
JOPPA,AL35087 		  I EDUCATIONAL SCHOLARSHIP 1,000
ISABELLA GRIFFIN


4914 MIDDLE ROAD
EVERGREEN,AL36401 		  I EDUCATIONAL SCHOLARSHIP 1,000
ISABELLA VICE


121 VICE ROAD
KENNEDY,AL35574 		  I EDUCATIONAL SCHOLARSHIP 1,000
JACKSON ADCOCK


27439 HIGHWAY 87
JACK,AL36346 		  I EDUCATIONAL SCHOLARSHIP 1,000
JACOB DAVIS


560 HUGGINS HURT RD
GALLION,AL36742 		  I EDUCATIONAL SCHOLARSHIP 500
JACOB MORGAN


3834 HIGHWAY 61
SPRUCE PINE,AL35585 		  I EDUCATIONAL SCHOLARSHIP 1,000
JACOB RUSSELL


265 COUNTY HIGHWAY 348
HACKLEBURG,AL35564 		  I EDUCATIONAL SCHOLARSHIP 1,000
JAMES PIEDRA


110 ANTHEM AVENUE
DOTHAN,AL36305 		  I EDUCATIONAL SCHOLARSHIP 1,000
JASMINE DUBOSE


72 REDBUG ROAD
BUTLER,AL36904 		  I EDUCATIONAL SCHOLARSHIP 500
JAYLA THORNE


90 SEMINOLE TRAIL
FORT MITCHELL,AL36856 		  I EDUCATIONAL SCHOLARSHIP 2,000
JESSIE MITCHELL


760 COUNTY ROAD 65
MOULTON,AL35650 		  I EDUCATIONAL SCHOLARSHIP 500
JOHN FIGGERS


3415 OLD HIGHWAY 5 SOUTH
THOMASVILLE,AL36784 		  I EDUCATIONAL SCHOLARSHIP 1,000
JORDAN JONES


387 GEORGIA LANE
BREWTON,AL36426 		  I EDUCATIONAL SCHOLARSHIP 1,000
JOSEPH CARNLEY


28310 HWY 87
JACK,AL36346 		  I EDUCATIONAL SCHOLARSHIP 1,000
KAITLIN SPECK


118 TANGLEWOOD DRIVE
RUSSELLVILLE,AL35653 		  I EDUCATIONAL SCHOLARSHIP 1,000
KATELYN TURNER


277 CANTERBURY RD
GREENVILLE,AL36037 		  I EDUCATIONAL SCHOLARSHIP 1,000
KATHRYN LORD


21636 LOANGO RD
RED LEVEL,AL36474 		  I EDUCATIONAL SCHOLARSHIP 1,000
KAYLEIGH ROWELL


277 MYSTERY ROAD
FLOMATON,AL36441 		  I EDUCATIONAL SCHOLARSHIP 1,000
KELDRICK HURTS


1406 HICKS INDUSTRIAL BLVD APT D1
UNION SPRINGS,AL36089 		  I EDUCATIONAL SCHOLARSHIP 3,000
KENDAL BOOKER


298 BARNES ROAD
MONROEVILLE,AL36460 		  I EDUCATIONAL SCHOLARSHIP 1,000
KENDAL NICHOLS


278 TURNER HILL ROAD
BRANTLEY,AL36009 		  I EDUCATIONAL SCHOLARSHIP 1,000
KENNETH JIMMERSON JR


628 STONEYBROOKE WAY
MONTGOMERY,AL36117 		  I EDUCATIONAL SCHOLARSHIP 3,000
LANDON WHIGHAM


28270 HIGHWAY 17
MILLRY,AL365584618 		  I EDUCATIONAL SCHOLARSHIP 1,000
LANDON BOZEMAN


116 COUNTY ROAD 36
ROANOKE,AL36274 		  I EDUCATIONAL SCHOLARSHIP 2,000
LAWSYN ROGERS


6419 COUNTY ROAD 6
SILAS,AL36919 		  I EDUCATIONAL SCHOLARSHIP 500
LENA WHATLEY


513 PALMER CIR
LEROY,AL36548 		  I EDUCATIONAL SCHOLARSHIP 1,000
LEXIE EVANS


300 HALLS CROSSROADS ROAD
FRISCO CITY,AL36445 		  I EDUCATIONAL SCHOLARSHIP 1,000
LOGAN ROBINSON


1606 COUNTY ROAD 12
EVERGREEN,AL36401 		  I EDUCATIONAL SCHOLARSHIP 1,000
LUCAS ASHLEY


8419 COUNTY ROAD 38
SECTION,AL35771 		  I EDUCATIONAL SCHOLARSHIP 1,000
LYDIA EAST


4280 COUNTY ROAD 5
LEESBURG,AL35983 		  I EDUCATIONAL SCHOLARSHIP 500
MACY FREDERICK


899 SMITH DRIVE
HORTON,AL35980 		  I EDUCATIONAL SCHOLARSHIP 1,000
MADELYN CLARK


3658 ANTIOCH ROAD
WETUMPKA,AL36092 		  I EDUCATIONAL SCHOLARSHIP 2,500
MADELYN MILLS


301 5TH AVE SE
RED BAY,AL35582 		  I EDUCATIONAL SCHOLARSHIP 1,000
MADISON DAWKINS


3371 RIDGE ROAD
BREWTON,AL36426 		  I EDUCATIONAL SCHOLARSHIP 1,000
MAYA HALL


5472 ROCKBRIDGE CIRCLE
MONTGOMERY,AL36116 		  I EDUCATIONAL SCHOLARSHIP 3,000
MICHAEL PEARCE II


25998 HIGHWAY 77
WADLEY,AL36276 		  I EDUCATIONAL SCHOLARSHIP 2,000
MICHAEL MORGAN


35 BLUEBERRY STREET
BREWTON,AL36426 		  I EDUCATIONAL SCHOLARSHIP 1,000
MITCHELL DEES


1835 WATT ROAD
FRANKLIN,AL36444 		  I EDUCATIONAL SCHOLARSHIP 1,000
MORGAN COOK


387 COUNTY ROAD 35
EVERGREEN,AL36401 		  I EDUCATIONAL SCHOLARSHIP 1,000
NATALEE NEWTON


5296 COUNTY ROAD 30
MAGNOLIA,AL36754 		  I EDUCATIONAL SCHOLARSHIP 500
NOUR JABNOUNI


284 HOWARDTOWN ROAD
TIBBIE,AL36583 		  I EDUCATIONAL SCHOLARSHIP 1,000
OLIVIA MOORE


625 CECIL WARD RD
AUBURN,AL36830 		  I EDUCATIONAL SCHOLARSHIP 6,000
OLIVIA PELUSO


158 COUNTY ROAD 382
DECATUR,AL35603 		  I EDUCATIONAL SCHOLARSHIP 500
OWEN MCNEAL


7837 E DOGWOOD TRAIL
GREENVILLE,AL36037 		  I EDUCATIONAL SCHOLARSHIP 1,000
PAITIN RILEY


3781 COUNTY ROAD 3304
TROY,AL36079 		  I EDUCATIONAL SCHOLARSHIP 1,000
PATRICK BYRD


323 MOCKINGBIRD LANE
ATMORE,AL36502 		  I EDUCATIONAL SCHOLARSHIP 1,000
ROBERT DUETT


1060 PANOLA ROAD
LAPINE,AL36046 		  1 DISASTER RELIEF 1,000
ROOSEVELT ROBINSON JR


366 NEW HAVEN BOULEVARD
MONTGOMERY,AL36117 		  I EDUCATIONAL SCHOLARSHIP 3,000
SAMANTHA CALLOWAY


5150 COUNTY HIGHWAY 45
GUIN,AL35563 		  I EDUCATIONAL SCHOLARSHIP 1,000
SARA HAMMAC


994 JAY ROAD
BREWTON,AL36426 		  I EDUCATIONAL SCHOLARSHIP 1,000
SARAH LEE


3689 COUNTY ROAD 1166
TROY,AL36079 		  I EDUCATIONAL SCHOLARSHIP 1,000
SAVANNAH HILLIS


608 BURT ROAD
ALBERTVILLE,AL35951 		  I EDUCATIONAL SCHOLARSHIP 1,000
TAYLOR CAMPBELL


2230 COUNTY ROAD 51
MCKENZIE,AL36456 		  I EDUCATIONAL SCHOLARSHIP 1,000
THOMAS GIDDENS


3002 COUNTY ROAD 94
LAFAYETTE,AL368625314 		  I EDUCATIONAL SCHOLARSHIP 2,000
THOMAS KINMAN


4701SIMPSON ROAD
DAVISTON,AL36256 		  I EDUCATIONAL SCHOLARSHIP 2,000
TREVOR PIKE


4652 ALABAMA HIGHWAY 95
PIEDMONT,AL36272 		  I EDUCATIONAL SCHOLARSHIP 500
T'YANA WOODS


97 WOODS LANE
EVERGREEN,AL36401 		  I EDUCATIONAL SCHOLARSHIP 1,000
TYLER MCKINNELL


4254 CHESTNUT COURT
AUBURN,AL36830 		  I EDUCATIONAL SCHOLARSHIP 3,000
TYSON GRANT


4264 MORGAN MILL RD
BRANTLEY,AL36009 		  I EDUCATIONAL SCHOLARSHIP 1,000
VIVIAN CHAMBERLIN


243 AGNES LANE
OZARK,AL36360 		  I EDUCATIONAL SCHOLARSHIP 1,000
WAYLON TAYLOR


29289 AL HWY 35
WOODVILLE,AL357767843 		  I EDUCATIONAL SCHOLARSHIP 500
WILLIAM BAXLEY


22038 HENDERSON BRIDGE RD
OPP,AL36467 		  I EDUCATIONAL SCHOLARSHIP 1,000
WILLIAM THOMAS


1495 HIGHWAY 136 WEST
MONROEVILLE,AL36460 		  I EDUCATIONAL SCHOLARSHIP 1,000
WYATT CORNETT


8708 TROY HIGHWAY
LUVERNE,AL36049 		  I EDUCATIONAL SCHOLARSHIP 1,000
ZACHARY RODGERS


855 COUNTY ROAD 2219
GOSHEN,AL36035 		  I EDUCATIONAL SCHOLARSHIP 1,000
Total .................................right arrow 3a 164,000
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2024)
Form 990-PF (2024)
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 1  
4 Dividends and interest from securities ....     14 45,421  
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 45,422 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
45,422
(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 (2024)
Form 990-PF (2024)
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.
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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 Check if self-
employed right arrow		 PTIN
Firm's name Right Arrow
 Firm's EIN Right Arrow
Firm's address Right Arrow


 Phone no.
Form 990-PF (2024)
Additional Data


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Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

right arrow Attach to Form 990, 990-EZ, or 990-PF.
right arrow Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
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
501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization


Form 990-PF
501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation
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
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 331/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Right Arrow $  
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) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025) Page 2
Name of organization
ELECTRIC COOPERATIVE FOUNDATION INC
  		Employer identification number
63-1190086
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
CENTRAL ALABAMA ELECTRIC COOPERATIVE
 
103 JESSE SAMUEL HUNT BLVD
 
PRATTVILLE, AL36066

$ 9,000


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

$ 5,000


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

$ 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

$ 38,000


(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

$ 6,000


(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

$ 16,000


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Name of organization
ELECTRIC COOPERATIVE FOUNDATION INC
  		Employer identification number
63-1190086
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
7
SOUTHERN PINE ELECTRIC COOPERATIVE
 
PO BOX 528
 
BREWTON, AL36427

$ 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) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
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) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
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.) $  
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) (Rev. 1-2025)
Additional Data


Software ID:  
Software Version:  

TY 2024 AccountingFeesSchedule
Name:
ELECTRIC COOPERATIVE FOUNDATION INC
EIN:
63-1190086
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 13,500 0   0

TY 2024 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 388,656 388,656

TY 2024 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
BANK CHARGES 30 0   0
POSTAGE 490 0   0
OFFICE EXPENSE 10,945 0   0
MISCELLANEOUS 963 0   0


TY 2024 OtherIncreasesSchedule
Name:
ELECTRIC COOPERATIVE FOUNDATION INC
EIN:
63-1190086
Description Amount
UNREALIZED LOSS ON MARKETABLE SECURITIES 6,222


TY 2024 OtherLiabilitiesSchedule
Name:
ELECTRIC COOPERATIVE FOUNDATION INC
EIN:
63-1190086
Description Beginning of Year - Book Value End of Year - Book Value
DEFERRED SCHOLARSHIPS 28,869 17,855


TY 2024 SubstantialContributorsSch
Name:
ELECTRIC COOPERATIVE FOUNDATION INC
EIN:
63-1190086
Name Address
ALABAMA RURAL ELECTRIC ASSOCIATION  
 


TY 2024 TaxesSchedule
Name:
ELECTRIC COOPERATIVE FOUNDATION INC
EIN:
63-1190086
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAXES 730 0   0