Non-precious metal electrocatalysts obtained by pyrolysis of precursors of metal, nitrogen, and carbon (MNC) are viewed as an inexpensive replacement for platinum-based electrocatalysts for the oxygen reduction reaction (ORR) in fuel cells. The hypothesized ORR active site structure of typical MNC catalysts consists of a transition metal coordinated to the pyridinic/pyrollic type of nitrogen covalently attached to the edges of the graphitic crystallites. One of the drawbacks of all the reported procedures to synthesize these MNC electrocatalysts is the inability to control the formation of a specific active site structure suitable for ORR. Lack of clarity on the active site structure limits the researcher's ability to design a synthesis methodology that maximizes the specific active site density. In this study, we have synthesized a Co(III) dimer ([Co 2 (OH) 2 (OOCCH 3 ) 3 (bpy) 2 ] NO 3 ⋅ 1.5 H 2 O) and demonstrated its ORR activity in alkaline medium. The ORR activity and methanol tolerance property of the Co(III) dimer were compared with those of Ketjenblack carbon (used as support for Co(III) dimer) and commercial 20 wt% Pt/C, respectively. Since Co(III) dimer is a molecular material, its characterization by single-crystal X-ray diffraction, nuclear magnetic resonance, and infrared studies revealed the chemical structure unambiguously. Density functional theory calculation predicted the possibility of both end-on and side-on oxygen adsorption at the metal center of the Co(III) dimer.