Electric Cooperative Foundation Inc
No verified information about Electric Cooperative Foundation Inc was found in the provided sources. The sources contain information about various electric cooperative associations and individual electric cooperatives across multiple states (Alabama, Louisiana, Montana, Illinois, and Iowa), but do not include a profile or details about an organization specifically named "Electric Cooperative Foundation Inc."
Key facts about Electric Cooperative Foundation Inc
- EIN
- 63-1190086
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $164,000
- Grants made (2024)
- 132
- Average grant
- $1,242
- Median grant
- $1,000
- Total assets
- $395,629
- Primary geography
- Alabama (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Electric Cooperative Foundation Inc funds
By grant dollars, the top recipient states for Electric Cooperative Foundation Inc's 132 itemized 2024 grants were Alabama (100%). The most frequent recipient cities were Brewton, AL (7 grants), Montgomery, AL (6 grants), Evergreen, AL (5 grants) and Troy, AL (5 grants). None of its 132 grants with a stated purpose were described as general or operating support. Recurring purposes include "Educational Scholarship" (130 grants).
How Electric Cooperative Foundation Inc gives
- Giving fell 23% from 2021 to 2024. Method
- In 2024 it paid out 805% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with Electric Cooperative Foundation Inc
- How to evaluate Electric Cooperative Foundation Inc as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$396K
+6.3% YoY
Annual Giving
$164K
+3.8% YoY
Grant Count
132
+1.5% YoY
Avg Grant Size
$1K
+2.2% YoY
Under IRS private-foundation payout rules, Electric Cooperative Foundation Inc reported a distributable amount of $20K for 2024 — the minimum it must pay out in qualifying distributions.
Ready to take the next step with Electric Cooperative Foundation Inc?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 132 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $395,629 | $372,260 | $375,219 |
| Revenue | $218,819 | $183,974 | $191,450 |
| Expenses | $190,658 | $179,431 | $173,689 |
| Qualifying Distributions | $164,000 | $158,000 | $150,500 |
| Net Investment Income | $45,422 | $22,891 | $39,690 |
| Distributable Amount | $20,374 | $18,795 | $19,616 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
656 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Olivia Moore ($6,000), Aidan Blum ($3,000), Allie Lovrich ($3,000).
| Recipient | Purpose | Amount |
|---|---|---|
| OLIVIA MOORE Auburn, AL | EDUCATIONAL SCHOLARSHIP | $6,000 |
| AIDAN BLUM Montgomery, AL | EDUCATIONAL SCHOLARSHIP | $3,000 |
| ALLIE LOVRICH Pike Road, AL | DISASTER ASSISTANCE | $3,000 |
| COOPER FISHER Pike Road, AL | EDUCATIONAL SCHOLARSHIP | $3,000 |
| EMILY CUTLER Montgomery, AL | EDUCATIONAL SCHOLARSHIP | $3,000 |
| ETHAN JONES Pike Road, AL | EDUCATIONAL SCHOLARSHIP | $3,000 |
| IRENE PARK Montgomery, AL | EDUCATIONAL SCHOLARSHIP | $3,000 |
| KELDRICK HURTS Union Springs, AL | EDUCATIONAL SCHOLARSHIP | $3,000 |
| KENNETH JIMMERSON JR Montgomery, AL | EDUCATIONAL SCHOLARSHIP | $3,000 |
| MAYA HALL Montgomery, AL | EDUCATIONAL SCHOLARSHIP | $3,000 |
Leadership & Key People
Officers and directors from IRS filings
Electric Cooperative Foundation Inc is led by Karl Rayborn, Executive Director & Secretary since 2021 (on filings since 2020); none of the 7 officers listed in 2024 report compensation.
Officers on the 2024 filing
Karl Rayborn
Executive Director & Secretary
Treasurer → Executive Director & Secretary, 2021
On filings since 2020
1 hr/week
No compensation reported
Roland Hendon
Chairman
On filings since 2023
1 hr/week
No compensation reported
Terry Edmondson
Director
On filings since 2023
1 hr/week
No compensation reported
Bruce Boswell
Director
New on the 2024 filing
1 hr/week
No compensation reported
Daryl Jones
Director
New on the 2024 filing
1 hr/week
No compensation reported
Mark Parker
Director
New on the 2024 filing
1 hr/week
No compensation reported
Brian Matney
Treasurer
On filings since 2021
2 hrs/week
No compensation reported
Former officers (12)
- Former: Steve Sheffield (2021–2023) — Director
- Former: Gene Kanikovsky (2023) — Director
- Former: Phillip Bryant (2023) — Director
- Former: Parks Tubbs (2020–2022) — Director
- Former: Bobby Ballard (2021–2022) — Director
- Former: George Kitchens (2021–2022) — Director
- Former: Vince Johnson (2021–2022) — Chairman
- Former: David Bailey (2020) — Director
- Former: David Cook Jr. (2020) — Director
- Former: Fred Braswell (2020) — Executive Director & Secretary
- Former: Scott Bobo (2020) — Director
- Former: Tommie Werneth (2020) — Chairman
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What size grants does Electric Cooperative Foundation Inc award?
In 2024, Electric Cooperative Foundation Inc awarded 132 grants totaling $164K — an average of about $1K per grant, based on its IRS Form 990 filings.
How much is Electric Cooperative Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Electric Cooperative Foundation Inc reported a distributable amount of $20K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Electric Cooperative Foundation Inc's EIN?
Electric Cooperative Foundation Inc's EIN (Employer Identification Number) is 63-1190086. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.