National Rural Utilities Cooperative Finance Corp

Organization Overview

National Rural Utilities Cooperative Finance Corp is located in Dulles, VA. The organization was established in 1969. According to its NTEE Classification (W02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Public & Societal Benefit and related organizations. As of 05/2022, National Rural Utilities Cooperative Finance Corp employed 299 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Rural Utilities Cooperative Finance Corp is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.

For the year ending 05/2022, National Rural Utilities Cooperative Finance Corp generated $1.3b in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $983.5m during the year ending 05/2022. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, National Rural Utilities Cooperative Finance Corp has awarded 418 individual grants totaling $13,471,806. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

BRIDGING THE FINANCIAL NEEDS OF THE RURAL ELECTRIC COOPERATIVE NETWORK WITH GLOBAL CAPITAL MARKETS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

LENDING SERVICES:CFC PROVIDES LOANS TO ITS MEMBERS, RURAL ELECTRIC COOPERATIVES AND THEIR RELATED ORGANIZATIONS, AND GENERATES INTEREST INCOME FROM THESE LOANS. TO FUND ITS LENDING SERVICES, CFC RAISES FUNDS IN THE CAPITAL MARKETS OR PRIVATE THIRD PARTY TRANSACTIONS AND PAYS A RATE OF RETURN COMMENSURATE WITH CURRENT ECONOMIC CONDITIONS FOR THE USE OF THOSE FUNDS. THESE RAISED FUNDS PERMIT CFC TO MEET THE BORROWING NEEDS OF ITS MEMBERS SO THEY CAN CONTINUE TO PROVIDE ELECTRIC AND POWER SERVICES TO THE CONSUMERS AND BUSINESSES IN THE RURAL TERRITORIES SERVICED BY THOSE MEMBERS/BORROWERS. CFC OPERATES IN SUCH MANNER TO OBTAIN FUNDING BASED ON COST AVAILABLE TO IT AND PASSES THE COSTS AND RESULTING SAVINGS ALONG TO ITS BORROWERS.


INTEGRITY FUND -- UTILIZING A RESTRICTED CASH ACCOUNT, CFC MANAGES A VOLUNTARY FUND ESTABLISHED FOR THE PURPOSE OF ASSISTING COOPERATIVES IN DEFENDING THEIR COOPERATIVE TERRITORIES AND PROTECTING COOPERATIVE PRINCIPLES.


EDUCATION FUND -- EACH STATEWIDE ASSOCIATION AND ELIGIBLE REGIONAL ASSOCIATION WILL SUBMIT AN APPLICATION FORM DESCRIBING THE PROGRAM FOR WHICH THE GRANT WILL BE USED. CFC CALCULATES THE AMOUNT ALLOTTED TO EACH APPLICANT DURING THE FISCAL YEAR BASED UPON THE TOTAL NUMBER OF CO-OPS WHICH ARE MEMBERS OF CFC AND OF THE ASSOCIATION, WITH RESPECT TO STATEWIDE ASSOCIATIONS, THE NUMBER OF STATES EACH APPLICANT REPRESENTS, AND THE NUMBER OF CO-OPS THAT ARE 100% CFC BORROWERS. THE SENIOR VICE PRESIDENT OF CFC'S CORPORATE RELATIONS GROUP APPROVES THE APPLICATIONS MADE BY THE ASSOCIATIONS.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$1,233,158,933
Investment income $15,951,011
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$1,352,307
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,254,440,999

Grants Awarded

Over the last fiscal year, National Rural Utilities Cooperative Finance Corp has awarded $1,227,258 in support to 41 organizations.

Grant RecipientAmount

Arlington, VA

PURPOSE: EDUCATIONAL FUND NRECA

$193,054

MISSOURI ELECTRIC COOPERATIVES

Org PageRecipient Profile

Jefferson City, MO

PURPOSE: INTEGRITY FUND & EDUC FUND - YOUTH TOUR /CONF & LEADERSHIP EXP. (CYCLE)

$170,200

SOUTHEAST COLORADO POWER ASSOCIATION

Org PageRecipient Profile

La Junta, CO

PURPOSE: INTEGRITY FUND - TERRITORY THREAT

$110,000

THE ASSOCIATION OF ILLINOIS ELECTRIC COOPERATIVES

Org PageRecipient Profile

Springfield, IL

PURPOSE: EDUCATIONAL FUND-EDUCATIONAL PROGRAMS

$48,000

TEXAS ELECTRIC COOPERATIVES INC

PURPOSE: EDUCATIONAL FUND-YOUR TOUR MAGAZINE AND TEXAS CO-OP POWER TOOL KIT

$47,800

WISCONSIN ELECTRIC COOPERATIVE ASSOCIATION

Org PageRecipient Profile

Madison, WI

PURPOSE: EDUCATIONAL FUND-WISCONSIN YOUTH LEADERSHIP CONGRESS

$42,200
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 3 grants that National Rural Utilities Cooperative Finance Corp has recieved totaling $25,002.

Awarding OrganizationAmount
First Electric Cooperative Corporation

Jacksonville, AR

PURPOSE: INTEGRITY FUND DONATION FOR COOPERATIVE SUPPORT

$10,000
Tri-County Electric Cooperative Inc

Hooker, OK

PURPOSE: FUNDING OF INTEGRITY FUND

$10,000
Mountain View Electric Assoc Inc

Limon, CO

PURPOSE: INTEGRITY FUND CONTRIBUTION

$5,002
View Grant Recipient Profile

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