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 not tax deductible.
Here 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):
- Jonathon Andrew Don (Ceo)
- Joel Allen (Svp, Member Services Group)
- Yu Ling Wang (Svp & Cfo)
- Gholam M Saleh (Svp & Chief Risk Officer)
- Gary A Bradbury (Svp & Coo)
- John Frederick Suter (Vp, Economic Research)
- Brad Captain (Svp & Chief Corp Affairs Officer)
- Richard Perreault (Vp And Cio)
- Mark Snowden 422 To 323 (Svp, Strategic Services)
- David W Olah (Vp, Portfolio Management)
- Lawrence Saunders (Vp, Credit Risk Management)
- Amy S Luongo (Vp, Portfolio Management)
- Roberta B Aronson To 322 (Former Svp & Gen Counsel)
- Jill Maison As Of 123 (Svp, Relationship Management)
- Michael Ryan Thomas (Vp, Strat Facilitation Svcs)
- W Daniel Cawood (Vp, Portfolio Management)
- Jonathan J Poletti (Dir, Info Sys & Deputy Cio)
- Nathan Howard As Of 422 (Svp & Gen Counsel)
- Vu Ly (Vp, Capital Markets)
- Heesun Choi As Of 822 (Vp, Capital Market Relations)
- Graceann Clendenen To 621 (Former Svp & Cao)
- Bruce A Vitosh (President) [Trustee/Director]
- David E Felkel (Vice President) [Trustee/Director]
- G Anthony Norton (Secy Treasurer) [Trustee/Director]
- Dennis Fulk (Director)
- Barbara E Hampton (Director)
- Bradley P Janorschke (Director)
- Mark A Suggs (Director)
- Anthony Larson (Director)
- Anthony A Anderson (Director)
- Thomas A Bailey (Director)
- Chris Christensen To 323 (Director)
- Jared Echternach (Director)
- Timothy Eldridge (Director)
- William Keith Hayward (Director)
- Michael Heinen (Director)
- Brent Mcrae (Director)
- John Metcalf (Director)
- Kendall Montgomery (Director)
- Jeffrey Allen Rehder (Director)
- Marsha L Thompson (Director)
- Kevin M Bender To 0822 (Director)
- Charles A Abel Ii Begin 0622 (Director)
- Shane Larson Begin 0622 (Director)
- Alan W Wattles To 0622 (Director)
- Robert Brockman To 0622 (Director)
- Bruce Anthony Everhart Begin 1022 (Director)
- Joseph D Martin Begin 0323 (Director)
Official website here: www.nrucfc.coop
Where can I find the form 990 for National Rural Utilities Cooperative Finance Corporation?
The 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.
Impact
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.
Thursday, August 15, 2024
The National Rural Utilities Cooperative Finance Corporation bridges the financial needs of the rural electric cooperative network with global capital markets through its lending services. By providing loans to rural electric cooperatives and their related organizations, it enables these entities to continue providing electric and power services to consumers and businesses in rural areas. This support helps to ensure the sustainability and stability of electric services in these underserved regions.
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.
- Assets and Liabilities:
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) 467-1800
Principal Officer
J Andrew Don
Main Address
20701 COOPERATIVE WAY, DULLES, VA, 20166
Website
www.nrucfc.coop
NTEE Category
Code: W20 - Public benefit
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