Overview
What is Electricore Inc?
Electricore Inc, located at 28009 Smyth Drive, Valencia, CA 91355, is a consortium for advanced technology development and education in science and technology. With a team of four employees, Electricore contributes significantly to the United States' research and development and education sector by collaborating with federal, state, and local governments, universities, and private sector companies. Their mission involves fulfilling their exempt purpose through contracts with US government entities, focusing on research, technology development, and education. Electricore acts as a hub for innovation, driving progress in science and technology for the benefit of the nation.
Official website here: www.electricore.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 81% - Three-Star out of Four Star Rating
Electricore Inc has received an 81% rating from Charity Navigator, indicating a solid level of accountability and finance management. The charity's score is derived entirely from its accountability metrics, demonstrating a commitment to financial transparency and responsible governance.
The organization boasts a robust independent board, with 71% of its board members being independent, thereby enhancing its credibility. Additionally, Electricore has a high program expense ratio of 93.18%, which suggests that a significant portion of its funds is directed towards programmatic activities rather than administrative costs.
While the organization excels in various accountability measures, it’s important for potential supporters to consider their own criteria for nonprofit engagement, as the rating primarily reflects financial governance without additional context on program impact or community engagement.
This AI summary has been generated from information found on Charity Navigator.
Is Electricore Inc legitimate?
Electricore Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Electricore Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $689,031
Professional Fundraising Fees: $0
Other Salaries and Wages: $144,973
For more financial information, click here
Official website here: www.electricore.org
What is the mission statement of Electricore Inc?
Electricore Inc functions as a consortium, spearheading advanced technology development, research, and education in the realm of science and technology. Through collaborative programs with federal, state and local governments, universities, and private sector companies, this organization plays a significant role in contributing to the success of the United States' research and development and education sectors. By servicing contracts with US government entities, Electricore facilitates research, technology development, and education, fulfilling its exempt purpose.
Official website here: www.electricore.org
Who is the CEO of Electricore Inc?
Ilker Bayraktar is the President & Ceo of Electricore Inc. The CEO's salary of Electricore Inc is $184,368 and their total compensation is $223,777.
Official website here: www.electricore.org
What is the revenue of Electricore Inc?
Electricore Inc's revenue in 2022 was $16,320,847.
Official website here: www.electricore.org
Who are the executives of Electricore Inc and what are their salaries?
The average compensation at Electricore Inc during 2022 was $208,501. There are 4 employees at Electricore Inc.
Here are 9 key members and their salaries (Electricore Inc's CEO's salary is $184,368 and their total compensation is $223,777):
- Compensation: $184,368
- Related: $0
- Other: $39,409
- Compensation: $196,262
- Related: $0
- Other: $26,317
- Compensation: $205,356
- Related: $0
- Other: $37,319
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $144,509
- Related: $0
- Other: $9,111
Official website here: www.electricore.org
Where can I find the form 990 for Electricore Inc?
Electricore Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.electricore.org
Learn more at the official website: www.electricore.org
Mission Statement of Electricore Inc
Electricore Inc, a consortium for advanced technology, development, and education in science and technology, is dedicated to contributing to the success of the United States' research and development and education sector. This organization fulfills its exempt purpose by servicing contracts with federal, state, and local governments, universities, and private sector companies. Electricore acts as a catalyst, bringing together various entities to collaborate on innovative projects and initiatives. Through these partnerships, Electricore aims to drive advancements in science and technology, ultimately benefiting society as a whole.
By engaging in collaborative programs, Electricore plays a vital role in the research and development process. The organization's work extends to the creation and refinement of new technologies, ensuring they align with current and future needs. In addition, Electricore is committed to education, fostering a culture of learning and innovation. This commitment is reflected in its collaborations with educational institutions, which provide opportunities for students and professionals to expand their knowledge and skills in the field of science and technology.
Electricore's mission is multifaceted, encompassing both research and development and education. Its contributions to the United States' research and development sector help drive progress and innovation, keeping the country at the forefront of scientific advancements. Meanwhile, its focus on education empowers the next generation of scientists, engineers, and researchers to continue building upon this foundation and tackle the challenges of tomorrow. Electricore's role as a consortium bridges the gap between the public and private sectors, creating synergies that lead to groundbreaking discoveries and advancements.
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Impact
October, 2024
Electricore Inc plays a pivotal role in advancing technology and education within the United States. By acting as a consortium, it facilitates collaboration among various stakeholders, including federal, state, and local governments, universities, and private sector companies. This collaborative approach enhances research and development initiatives, ultimately contributing to the country's technological advancement.
The organization's activities are centered on executing contracts with U.S. government entities, which enables it to conduct research, develop new technologies, and provide education in science and technology. This focus on advanced technology not only fosters innovation but also supports workforce development and training, ensuring that the next generation is equipped with the skills needed to thrive in a rapidly evolving technological landscape.
Through its various programs and partnerships, Electricore Inc is instrumental in shaping the future of science and technology education, thereby bolstering the United States' position in global research and development. This impact is vital for maintaining competitiveness in an increasingly technology-driven world.
This information is meant to be a general summary of Electricore Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,765
- Program Service Revenue: $16,049,178
- Gross Receipts: $16,320,847
Assets and Liabilities:
- Total Assets: $8,259,190
- Total Liabilities: $7,803,240
- Net Assets: $455,950
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM REVENUE
Revenue
$16,049,178
Organization Details
Founding Year
1993
Phone
(661) 607-0260Principal Officer
Ilker Bayraktar
Main Address
28009 SMYTH DRIVE, VALENCIA, CA, 91355
Website
www.electricore.orgNTEE Category
Code: B99Z - Education
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