Overview
What is National Rural Utilities Cooperative Finance Corporation?
The National Rural Utilities Cooperative Finance Corporation, based in Dulles, VA, serves as a vital bridge between the financial needs of rural electric cooperatives and the global capital markets. As a nonprofit organization, CFC provides loans to its member cooperatives and their related organizations, generating interest income in return. They fund their lending services through capital markets or private transactions, passing along the costs and savings to their borrowers. With a workforce of around 312 employees, CFC helps rural electric cooperatives continue providing essential electric and power services to consumers and businesses in the rural territories they serve.
Official website here: www.nrucfc.coop
Is National Rural Utilities Cooperative Finance Corporation legitimate?
National Rural Utilities Cooperative Finance Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. National Rural Utilities Cooperative Finance Corporation 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: $12,811,074
Professional Fundraising Fees: $0
Other Salaries and Wages: $32,759,197
For more financial information, click here
Official website here: www.nrucfc.coop
What is the mission statement of National Rural Utilities Cooperative Finance Corporation?
The National Rural Utilities Cooperative Finance Corporation serves to bridge the financial gaps of rural electric cooperatives by connecting them with global capital markets. With a mission to align the financial needs of these cooperatives with the expectations of global investors, CFC provides loans to its member cooperatives and their related organizations. In turn, CFC raises funds from the capital markets or private transactions, generating interest income, and passing along the costs and savings to its borrowers. By securing funding based on market conditions, CFC enables its members to continue providing electric and power services to consumers and businesses in rural areas.
Official website here: www.nrucfc.coop
Who is the CEO of National Rural Utilities Cooperative Finance Corporation?
J Andrew Don is the President of National Rural Utilities Cooperative Finance Corporation. The CEO's salary of National Rural Utilities Cooperative Finance Corporation is $2,216,387 and their total compensation is $2,393,058.
Official website here: www.nrucfc.coop
What is the revenue of National Rural Utilities Cooperative Finance Corporation?
National Rural Utilities Cooperative Finance Corporation's revenue in 2023 was $1,630,263,995.
Official website here: www.nrucfc.coop
Who are the executives of National Rural Utilities Cooperative Finance Corporation and what are their salaries?
The average compensation at National Rural Utilities Cooperative Finance Corporation during 2023 was $146,059. There are 312 employees at National Rural Utilities Cooperative Finance Corporation.
Here are 48 key members and their salaries (National Rural Utilities Cooperative Finance Corporation's CEO's salary is $2,216,387 and their total compensation is $2,393,058):
- Compensation: $70,000
- Related: $0
- Other: $0
- Compensation: $70,000
- Related: $0
- Other: $0
- Compensation: $67,917
- Related: $0
- Other: $0
- Compensation: $65,000
- Related: $0
- Other: $0
- Compensation: $65,000
- Related: $0
- Other: $0
- Compensation: $62,917
- Related: $0
- Other: $0
- Compensation: $62,917
- Related: $0
- Other: $0
- Compensation: $62,083
- Related: $0
- Other: $0
- Compensation: $60,000
- Related: $0
- Other: $0
- Compensation: $60,000
- Related: $0
- Other: $0
- Compensation: $60,000
- Related: $0
- Other: $0
- Compensation: $60,000
- Related: $0
- Other: $0
- Compensation: $60,000
- Related: $0
- Other: $0
- Compensation: $60,000
- Related: $0
- Other: $0
- Compensation: $60,000
- Related: $0
- Other: $0
- Compensation: $60,000
- Related: $0
- Other: $0
- Compensation: $60,000
- Related: $0
- Other: $0
- Compensation: $60,000
- Related: $0
- Other: $0
- Compensation: $60,000
- Related: $0
- Other: $0
- Compensation: $60,000
- Related: $0
- Other: $0
- Compensation: $40,000
- Related: $0
- Other: $0
- Compensation: $35,000
- Related: $0
- Other: $0
- Compensation: $35,000
- Related: $0
- Other: $0
- Compensation: $29,167
- Related: $0
- Other: $0
- Compensation: $25,000
- Related: $0
- Other: $0
- Compensation: $15,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $2,216,387
- Related: $0
- Other: $176,671
- Compensation: $629,645
- Related: $0
- Other: $370,804
- Compensation: $534,048
- Related: $0
- Other: $243,444
- Compensation: $508,214
- Related: $0
- Other: $124,185
- Compensation: $446,228
- Related: $0
- Other: $175,721
- Compensation: $585,496
- Related: $0
- Other: -$1,644
- Compensation: $432,251
- Related: $0
- Other: $71,567
- Compensation: $308,074
- Related: $0
- Other: $158,266
- Compensation: $335,825
- Related: $0
- Other: $55,838
- Compensation: $342,633
- Related: $0
- Other: $154,346
- Compensation: $359,793
- Related: $0
- Other: $116,296
- Compensation: $319,785
- Related: $0
- Other: $124,517
- Compensation: $258,958
- Related: $0
- Other: $87,117
- Compensation: $197,126
- Related: $0
- Other: $56,102
- Compensation: $349,332
- Related: $0
- Other: $251,118
- Compensation: $424,547
- Related: $0
- Other: $124,634
- Compensation: $365,049
- Related: $0
- Other: $127,127
- Compensation: $347,239
- Related: $0
- Other: $115,586
- Compensation: $308,475
- Related: $0
- Other: $120,132
- Compensation: $448,448
- Related: $0
- Other: $26,970
- Compensation: $206,689
- Related: $0
- Other: -$101,409
Official website here: www.nrucfc.coop
Where can I find the form 990 for National Rural Utilities Cooperative Finance Corporation?
National Rural Utilities Cooperative Finance Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.nrucfc.coop
Learn more at the official website: www.nrucfc.coop
Mission Statement of National Rural Utilities Cooperative Finance Corporation
The National Rural Utilities Cooperative Finance Corporation (CFC) is on a mission to bridge the financial gaps of rural electric cooperatives within the rural network and align their needs with the global capital markets. In simple terms, CFC serves as a vital link between these cooperatives and the financial markets, ensuring they have the necessary funds to provide electric and power services to their consumers and businesses in rural areas.
CFC offers lending services to its members, which primarily consist of rural electric cooperatives and their related organizations. By securing funds from the capital markets or private third-party transactions, CFC generates interest income and provides loans to its members at a rate that matches current economic conditions. This financial support enables the cooperatives to meet their borrowing needs, ultimately allowing them to continue providing essential electric and power services to their communities.
CFC's approach to financing is designed to obtain funding based on cost availability and effectively passes the costs and savings onto its borrowers. By acting as a financial intermediary, CFC plays a crucial role in ensuring the financial stability and growth of its rural electric cooperative members, which in turn benefits the consumers and businesses they serve.
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Impact
October, 2024
The National Rural Utilities Cooperative Finance Corporation (CFC) plays a crucial role in supporting rural electric cooperatives by facilitating access to capital. By connecting the financial needs of these cooperatives to global capital markets, CFC provides essential lending services that enable its members and related organizations to secure the funding necessary for operating and expanding their electric and power services.
CFC raises funds through capital markets and private transactions, ensuring that it can meet the diverse borrowing needs of its members. This approach allows the organization to offer competitive rates, which translate into cost savings for the cooperatives. As a result, these cooperatives can continue delivering reliable electric services to consumers and businesses in rural areas, fostering economic growth and stability.
The CFC's mission emphasizes its commitment to bridging the gap between rural cooperatives and capital markets, ensuring that these vital organizations can thrive and meet the energy demands of their communities. By supporting rural electric cooperatives, CFC contributes significantly to the improvement of infrastructure and the quality of life in rural territories.
This information is meant to be a general summary of National Rural Utilities Cooperative Finance Corporation. 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 2023.
- Investment Income: $17,689,759
- Program Service Revenue: $1,604,203,073
- Gross Receipts: $2,127,109,667
Assets and Liabilities:
- Total Assets: $33,983,672,971
- Total Liabilities: $31,415,478,177
- Net Assets: $2,568,194,794
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST FROM PSA
Revenue
$1,321,660,783
DERIVATIVE CASH SETTLEMENTS
Revenue
$265,197,106
OTHER INCOME-LOAN FEES
Revenue
$17,649,159
RECOVERY FOR LOSSES
Revenue
-$43,000
G/L EARLY EXTINGUISHMENT OF DEBT
Revenue
-$260,975
Organization Details
Founding Year
1969
Phone
(703) 467-1800Principal Officer
J Andrew Don
Main Address
20701 COOPERATIVE WAY, DULLES, VA, 20166
Website
www.nrucfc.coopNTEE Category
Code: W20 - Public benefit
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