NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP: Form 990, tax year 2013
View the entire original 990 at ProPublica ↗
- Organization
- NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP (EIN 52-0891669)
- Tax period
- 2013-06-01 to 2014-05-31
- Filed
- 2015-03-25
- IRS object ID
- 201520849349300412
- Schema version
- 2013v4.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2015-03-25T13:18:29-05:00 | ReturnTs |
| Tax Period End | 2014-05-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 135565207 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KPMG LLP | BusinessNameLine1 |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1676 INTERNATIONAL DRIVE | AddressLine1 |
| City | MCLEAN | City |
| State | VA | State |
| ZIP Code | 22102 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2013-06-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 520891669 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NATIONAL RURAL UTILITIES COOPERATIVE | BusinessNameLine1 |
| Business Name Line2 | FINANCE CORPORATION | BusinessNameLine2 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | NATI | BusinessNameControlTxt |
| Phone | 7034671800 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 20701 COOPERATIVE WAY | AddressLine1 |
| City | DULLES | City |
| State | VA | State |
| ZIP Code | 20166 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | SHELDON PETERSEN | PersonNm |
| Person Title | GOVERNOR AND CEO | PersonTitleTxt |
| Phone | 7034671800 | PhoneNum |
| Signature | 2015-03-25 | SignatureDt |
| Discuss With Paid Preparer | 0 | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JOCELYNE C MILLER | PreparerPersonNm |
| PTIN | P00634378 | PTIN |
| Phone | 7032868000 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2013 | TaxYr |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | SHELDON PETERSEN | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 20701 COOPERATIVE WAY | AddressLine1 |
| City | DULLES | City |
| State | VA | State |
| ZIP Code | 20166 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $1,094,861,665 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.NRUCFC.COOP | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1969 | FormationYr |
| Legal Domicile State | VA | LegalDomicileStateCd |
| Activity Or Mission | TAX EXEMPT COOPERATIVE ORGANIZATION PROVIDING FINANCING TO RURAL ELECTRIC COOPERATIVES | ActivityOrMissionDesc |
| Voting Members Governing Body | 23 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 23 | VotingMembersIndependentCnt |
| Total Employee | 223 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $1,234,946,454 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $1,084,153,256 | CYProgramServiceRevenueAmt |
| PY Investment Income | $6,372,192 | PYInvestmentIncomeAmt |
| CY Investment Income | $5,376,265 | CYInvestmentIncomeAmt |
| PY Other Revenue | $5,128,000 | PYOtherRevenueAmt |
| CY Other Revenue | $5,304,455 | CYOtherRevenueAmt |
| PY Total Revenue | $1,246,446,646 | PYTotalRevenueAmt |
| CY Total Revenue | $1,094,833,976 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $1,290,000 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $1,424,338 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $55,593,958 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $40,382,966 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $970,787,391 | PYOtherExpensesAmt |
| CY Other Expenses | $898,996,843 | CYOtherExpensesAmt |
| PY Total Expenses | $1,027,671,349 | PYTotalExpensesAmt |
| CY Total Expenses | $940,804,147 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $218,775,297 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $154,029,829 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $22,015,161,447 | TotalAssetsBOYAmt |
| Total Assets EOY | $22,179,066,737 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $21,209,554,141 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $21,229,385,922 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $805,607,306 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $949,680,815 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | TO BRIDGE THE FINANCIAL NEEDS OF THE RURAL ELECTRIC NETWORK WITH THE EXPECTATIONS OF THE GLOBAL CAPITAL MARKETS, ONE COOPERATIVE AT A TIME. NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION ("CFC") IS A MEMBER-OWNED COOPERATIVE ASSOCIATION INCORPORATED UNDER THE LAWS OF THE DISTRICT OF COLUMBIA IN APRIL 1969. CFC'S PRINCIPAL PURPOSE IS TO PROVIDE ITS MEMBERS WITH FINANCING TO SUPPLEMENT THE LOAN PROGRAMS OF THE RURAL UTILITIES SERVICE ("RUS") OF THE UNITED STATES DEPARTMENT OF AGRICULTURE. CFC MAKES LOANS PRIMARILY TO ITS RURAL ELECTRIC MEMBERS SO THEY CAN ACQUIRE, CONSTRUCT AND OPERATE ELECTRIC DISTRIBUTION, GENERATION, TRANSMISSION AND RELATED FACILITIES. CFC ALSO PROVIDES ITS MEMBERS WITH CREDIT ENHANCEMENTS IN THE FORM OF LETTERS OF CREDIT AND GUARANTEES OF DEBT OBLIGATIONS. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $853,256,481 | ExpenseAmt |
| Revenue | $1,089,457,711 | RevenueAmt |
| Desc | INTEREST EXPENSE - CFC PROVIDES LOANS TO ITS MEMBERS, RURAL ELECTRIC COOPERATIVES AND THEIR RELATED ORGANIZATIONS. CFC RAISES FUNDS IN THE CAPITAL MARKETS AND PAYS A RATE OF RETURN COMMENSURATE WITH CURRENT ECONOMIC CONDITIONS FOR THE USE OF THOSE FUNDS. THESE BORROWED FUNDS PERMIT CFC TO MEET THE BORROWING NEEDS OF ITS MEMBERS SO THEY CAN CONTINUE TO PROVIDE ELECTRIC AND POWER SERVICE TO THE CONSUMERS AND BUSINESSES IN THE RURAL TERRITORIES SERVICED BY THOSE MEMBERS/BORROWERS. CFC OPERATES IN SUCH MANNER TO ACHIEVE THE LOWEST COST OF FUNDING AVAILABLE TO IT AND PASSES THE COSTS AND RESULTING SAVINGS ALONG TO ITS BORROWERS. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $1,419,000 | ExpenseAmt |
| Desc | LOSS ON EARLY EXTINGUISHEMENT OF DEBT - AS PART OF OUR STRATEGY TO OFFER COMPETITIVELY PRICED CREDIT PRODUCTS TO OUR MEMBERS,WE REDEEM OUTSTANDING DEBT EARLY FROM TIME TO TIME TO MANAGE LIQUIDITY AND INTEREST RATE RISK. WHEN WE REDEEM OUTSTANDING DEBT EARLY, WE MAY RECOGNIZE A GAIN OR LOSS RELATED TO THE DIFFERENCE BETWEEN THE AMOUNT PAID TO REDEEM THE DEBT AND THE NET BOOK VALUE OF THE EXTINGUISHED DEBT AS A COMPONENT OF NON-INTEREST EXPENSE IN THE GAIN (LOSS) ON EARLY EXTINGUISHMENT OF DEBT LINE ITEM.ON DECEMBER 16, 2013, WE REDEEMED $150 MILLION OF OUR $600 MILLION, 4.75 PERCENT, COLLATERAL TRUST BONDS DUE MARCH 1, 2014 AT A PREMIUM. THE PREMIUM AND UNAMORTIZED ISSUANCE COSTS TOTALING $1.5 MILLION WERE RECORDED AS A LOSS ON EXTINGUISHMENT OF DEBT DURING THE THIRD QUARTER OF THE YEAR ENDED MAY 31, 2014. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $1,424,338 | ExpenseAmt |
| Grant | $1,424,338 | GrantAmt |
| Desc | GRANTS - AS A COOPERATIVE FORMED UNDER THE LAWS OF THE DISTRICT OF COLUMBIA, CFC IS REQUIRED TO ALLOCATE A MINIMUM OF 1/4 OF 1% OF ITS NET EARNINGS TO AN EDUCATIONAL FUND. UNDER THE LAWS OF THE DISTRICT OF COLUMBIA, COOPERATIVES ARE REQUIRED TO MAKE GRANTS IN SUPPORT OF EDUCATING THE PUBLIC ABOUT COOPERATIVE PRINCIPLES. THE EDUCATIONAL FUND GRANTS MADE BY CFC ARE MAINLY TO STATEWIDE MEMBERSHIP ORGANIZATIONS THAT USE THESE GRANTS TO EDUCATE CUSTOMERS AND CITIZENS ABOUT COOPERATIVE PRINCIPLES. ADDITIONALLY, CFC MANAGES A VOLUNTARY FUND ESTABLISHED FOR THE PURPOSE OF ASSISTING COOPERATIVES IN DEFENDING THEIR COOPERATIVE TERRITORIES AND PROTECTING COOPERATIVE PRINCIPLES. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $15,743,119 | ExpenseAmt |
| Desc | OTHER PROGRAM SERVICES: LOSS ON WHOLE LOAN SALE: $75,250 BANK FEES: $2,174,273 RESULTS OF FORECLOSED ASSETS: $13,493,596 TOTAL OTHER PROGRAM SERVICES: $15,743,119 LOSS ON WHOLE LOAN SALE - CFC ACCOUNTS FOR THE SALE OF LOANS IN SECURITIZATION TRANSACTIONS BY DERECOGNIZING FINANCIAL ASSETS WHEN CONTROL HAS BEEN SURRENDERED. DEFERRED TRANSACTION COSTS AND UNAMORTIZED DEFERRED LOAN ORIGINATION COSTS RELATED TO THE LOANS SOLD ARE INCLUDED IN THE CALCULATION OF THE GAIN OR LOSS ON THE SALE.RESULTS OF FORECLOSED ASSETS - AS PART OF OUR NORMAL OPERATING ACTIVITIES AS A LENDER, WE MAY BE REQUIRED TO FORECLOSE ON ASSETS OR BUSINESS OPERATIONS OF BORROWERS WHO DEFAULT ON THEIR LOANS DUE TO US. OUR OBJECTIVE IS TO REHABILITATE THE FORECLOSED ASSETS OR BUSINESS OPERATIONS IN ORDER SELL THEM AT A PRICE THAT MAXIMIZES OUR RECOVERY ON THOSE DEFAULTED LOANS. THE INVESTMENT IN FORECLOSED ASSETS OR BUSINESS OPERATIONS DOES NOT REPRESENT A NEW OR SEPARATE LINE OF BUSINESS FOR CFC. THE RESULTS OF OPERATIONS OF FORECLOSED ASSETS REPRESENTS THE COMBINED OPERATING LOSSES OF CFC'S WHOLLY OWNED SUBSIDIARY CARIBBEAN ASSET HOLDINGS ("CAH") AND DENTON REALTY PARTNERS LP, RESPECTIVELY FOR THE YEAR ENDED MAY 31, 2014. DURING FISCAL YEAR 2014, THE OPERATING COMPANIES OF CFC'S WHOLLY OWNED SUBSIDIARY CAH, HAD A $11,853,000 LOSS FROM OPERATIONS. OPERATIONS INCLUDE TELECOMMUNICATIONS AND CABLE TELEVISION SERVICES IN THE U.S. VIRGIN ISLANDS, BRITISH VIRGIN ISLANDS AND ST. MAARTEN. DENTON REALTY PARTNERS ("DRP") HOLDS ASSETS INCLUDING A LAND DEVELOPMENT LOAN, LIMITED PARTNERSHIP INTERESTS IN CERTAIN REAL ESTATE DEVELOPMENTS AND DEVELOPED LOTS AND LAND, RAW LAND AND UNDERGROUND MINERAL RIGHTS IN TEXAS. THESE FORECLOSED ASSETS ARE HELD BY TWO WHOLLY OWNED SUBSIDIARIES OF CFC. DURING THE YEAR, DRP EXPERIENCED LOSS FROM OPERATIONS OF $1,641,000. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $15,743,119 | TotalOtherProgSrvcExpenseAmt |
| Total Program Service Expenses | $871,842,938 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | Yes (1) | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | Yes (1) | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (1) | TransactionWithControlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 64 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 223 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | Yes (1) | ForeignFinancialAccountInd |
| Foreign Country | VI | ForeignCountryCd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 23 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 23 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | AZ | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | GA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ROBERT GEIER | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 7034671800 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 20701 COOPERATIVE WAY | AddressLine1 |
| City | DULLES | City |
| State | VA | State |
| ZIP Code | 20166 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionAGrp (51 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|---|
| KIRK A THOMPSON | |||||||||
| DIRECTOR | 4.30 | Yes (X) | $34,500 | $0 | $0 | ||||
| CURTIS NOLAN | |||||||||
| DIRECTOR | 6.00 | Yes (X) | $39,800 | $0 | $0 | ||||
| FRED BROG | |||||||||
| DIRECTOR | 11.20 | Yes (X) | $44,650 | $0 | $0 | ||||
| PATRICK L BRIDGES | |||||||||
| DIRECTOR | 2.90 | Yes (X) | $40,300 | $0 | $0 | ||||
| MEL COLEMAN | |||||||||
| DIRECTOR | 2.60 | Yes (X) | $35,300 | $0 | $0 | ||||
| FREDERICK CANDERSON | |||||||||
| DIRECTOR (UNTIL 3/2014) | 9.20 | Yes (X) | $46,750 | $0 | $0 | ||||
| GLENN WMILLER | |||||||||
| DIRECTOR | 7.30 | Yes (X) | $46,900 | $0 | $0 | ||||
| ROMAN EGILLEN | |||||||||
| DIRECTOR | 8.30 | Yes (X) | $40,450 | $0 | $0 | ||||
| CHRISTOPHER LHAMON | |||||||||
| DIRECTOR | 14.10 | Yes (X) | $45,400 | $0 | $0 | ||||
| ROBERT MHILL | |||||||||
| DIRECTOR | 7.50 | Yes (X) | $40,450 | $0 | $0 | ||||
| JIM LDOERSTLER UNTIL 32014 | |||||||||
| DIRECTOR | 8.80 | Yes (X) | $45,100 | $0 | $0 | ||||
| BURNS EMERCER UNTIL 32014 | |||||||||
| DIRECTOR | 7.60 | Yes (X) | $50,950 | $0 | $0 | ||||
| MIKE CAMPBELL | |||||||||
| DIRECTOR | 8.20 | Yes (X) | $45,250 | $0 | $0 | ||||
| DWIGHT ROSSOW UNTIL 32014 | |||||||||
| DIRECTOR | 5.00 | Yes (X) | $54,550 | $0 | $0 | ||||
| HARRY NPARK | |||||||||
| DIRECTOR | 8.70 | Yes (X) | $40,450 | $0 | $0 | ||||
| CURTIN RRAKESTRAW II | |||||||||
| DIRECTOR | 5.60 | Yes (X) | $40,300 | $0 | $0 | ||||
| SCOTT W HANDY | |||||||||
| DIRECTOR | 6.60 | Yes (X) | $45,250 | $0 | $0 | ||||
| WALTER K CROOK | |||||||||
| DIRECTOR | 5.80 | Yes (X) | $30,750 | $0 | $0 | ||||
| RANDY D RENTH | |||||||||
| DIRECTOR | 7.40 | Yes (X) | $46,600 | $0 | $0 | ||||
| JOEL CUNNINGHAM | |||||||||
| PRESIDENT-DIRECTOR | 10.50 | Yes (X) | $50,650 | $0 | $0 | Yes (X) | |||
| RAY BEAVERS | |||||||||
| VICE PRESIDENT-DIRECTOR | 6.90 | Yes (X) | $49,950 | $0 | $0 | Yes (X) | |||
| RGRANT CLAWSON | |||||||||
| DIRECTOR | 10.30 | Yes (X) | $45,400 | $0 | $0 | ||||
| KENT FARMER | |||||||||
| DIRECTOR | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| THOMAS L HAYES | |||||||||
| DIRECTOR | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| LYLE KORVER | |||||||||
| DIRECTOR | 7.70 | Yes (X) | $45,400 | $0 | $0 | ||||
| RW MATHENY | |||||||||
| DIRECTOR | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| STEPHEN VAIL | |||||||||
| DIRECTOR | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| SHELDON C PETERSEN | |||||||||
| GOVERNOR AND CEO | 65.00 | $1,518,179 | $0 | $143,350 | Yes (X) | 0.00 | |||
| RICHARD E LAROCHELLE | |||||||||
| SVP,CORPORATE RELATIONS UNTIL 12/31/13 | 60.00 | $896,895 | $0 | $133,837 | Yes (X) | ||||
| JOHN T EVANS | |||||||||
| EVP AND COO | 58.00 | $665,225 | $0 | $103,669 | Yes (X) | 0.00 | |||
| JOHN J LIST | |||||||||
| SVP & CHIEF LENDING OFFICER | 60.00 | $592,068 | $0 | $90,684 | Yes (X) | 0.00 | |||
| STEVEN L LILLY | |||||||||
| SVP & SPECIAL ASSET MANAGEMENT | 55.00 | $571,860 | $0 | $84,569 | Yes (X) | 0.00 | |||
| LAWRENCE ZAWALICKUNTIL 41714 | |||||||||
| SVP, AFFLIATE ORGANIZATIONS | 55.00 | $583,864 | $0 | $120,564 | Yes (X) | ||||
| JONATHON ANDREW DON | |||||||||
| SVP AND CFO | 60.00 | $480,203 | $0 | $183,608 | Yes (X) | ||||
| JOHN M BORAK | |||||||||
| SVP, CREDIT RISK MANAGEMENT | 60.00 | $337,597 | $0 | $102,947 | Yes (X) | 0.00 | |||
| ROBERTA B ARONSON | |||||||||
| SVP AND GENERAL COUNSEL | 57.00 | $379,884 | $0 | $126,119 | Yes (X) | 0.00 | |||
| LEIGH GRANTHAM UNTIL 412014 | |||||||||
| SVP, STRATEGY AND BUSINESS DEVELOPMENT | 57.00 | $342,397 | $0 | $84,574 | Yes (X) | ||||
| STEVEN M KETTLER | |||||||||
| SVP, STRATEGIC BUSINESS DEVELOPMENT AND SUPPORT | 65.00 | $282,983 | $0 | $101,711 | Yes (X) | ||||
| JOEL ALLEN | |||||||||
| SVP, MEMBER SERVICES | 50.00 | $281,956 | $0 | $120,192 | Yes (X) | ||||
| ROBIN C REED | |||||||||
| SVP, MEMBER SERVICES | 55.00 | $287,286 | $0 | $96,272 | Yes (X) | ||||
| GRACEANN CLENDENEN | |||||||||
| SVP,CORPORATE SERVICES | 48.00 | $263,097 | $0 | $143,299 | Yes (X) | ||||
| BRAD CAPTAIN | |||||||||
| SVP, CORPORATE RELATIONS | 55.00 | $237,207 | $0 | $53,096 | Yes (X) | ||||
| JOHN F SUTER | |||||||||
| VP,CAPITAL MARKETS RESEARCH & ANALYSIS | 50.00 | $283,922 | $0 | $134,073 | Yes (X) | ||||
| BRUCE E MACNEIL | |||||||||
| VP,CAPITAL MARKETS FUNDING | 50.00 | $203,599 | $0 | $42,335 | Yes (X) | ||||
| LAWRENCE SAUNDERS | |||||||||
| VP, PORTFOLIO MANAGEMENT | 60.00 | $323,055 | $0 | $52,517 | Yes (X) | ||||
| AMY S LUONGO | |||||||||
| VP, PORTFOLIO MANAGEMENT | 50.00 | $222,022 | $0 | $39,852 | Yes (X) | ||||
| KRISHNA MURTHY | |||||||||
| VP,ELECTRIC AND ENERGY INDUSTRY | 45.00 | $293,952 | $0 | $99,087 | Yes (X) | ||||
| MICHAEL H CARR UNTIL 10913 | |||||||||
| VP & CIO | 50.00 | $313,190 | $0 | $13,265 | Yes (X) | ||||
| ROBERT E GEIER JR | |||||||||
| VP & CONTROLLER | 60.00 | $290,227 | $0 | $128,122 | 0.00 | Yes (X) | |||
| ALLYN JAMATO | |||||||||
| VP & DEPUTY GENERAL COUNSEL | 50.00 | $289,065 | $0 | $105,541 | 0.00 | Yes (X) | |||
| FRANK E VAUGHN | |||||||||
| ASSISTANT GENERAL COUNSEL | 48.00 | $261,752 | $0 | $76,391 | 0.00 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $11,206,585 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $2,379,674 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 138 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1 | CityContractorAddress/USAddress/City | StateContractorAddress/USAddress/State | ZIP CodeContractorAddress/USAddress/ZIPCode | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| SAPIENT | |||||
| PO BOX 4886 | BOSTON | MA | 02212 | IT CONSULTANTS | $3,964,358 |
| CASSIOPAE | |||||
| 224 MAIN STREET STE 3A | SALEM | NH | 03079 | IT CONSULTANTS | $1,817,583 |
| NRECA | |||||
| PO BOX 775670 | ST LOUIS | MO | 631798000 | ADMIN FEES | $1,502,219 |
| DELOITTE & TOUCHE LLP | |||||
| 4301 WILSON BLVD | ARLINGTON | VA | 222031860 | AUDITOR | $1,310,800 |
| HOGAN LOVELLS US LLP | |||||
| 555 THIRTEENTH STREET NW | WASHINGTON | DC | 200041109 | ATTORNEY FEES | $1,296,495 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 12 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| INTEREST FROM PSA | 522200 | $937,214,074 | $937,214,074 |
| DERIVATVE CASH SETTLEMENTS | 522200 | $133,405,570 | $133,405,570 |
| OTHER INCOME-LOAN FEES | 522200 | $17,276,265 | $17,276,265 |
| RECOVERY FOR LOSSES | 522200 | -$3,742,653 | -$3,742,653 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $1,084,153,256 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $5,397,093 | TotalRevenueColumnAmt |
| Exclusion | $5,397,093 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $6,861 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $27,689 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | -$20,828 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$20,828 | TotalRevenueColumnAmt |
| Exclusion | -$20,828 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MANAGEMENT FEES | Desc |
| Business | 522200 | BusinessCd |
| Total Revenue Column | $5,304,455 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $5,304,455 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $5,304,455 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,094,833,976 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,089,457,711 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $5,376,265 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,424,338 | TotalAmt |
| Program Services | $1,424,338 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,548,302 | TotalAmt |
| Management And General | $9,548,302 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $22,208,108 | TotalAmt |
| Management And General | $22,208,108 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,387,556 | TotalAmt |
| Management And General | $4,387,556 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,338,265 | TotalAmt |
| Management And General | $2,338,265 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,900,735 | TotalAmt |
| Management And General | $1,900,735 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,685,537 | TotalAmt |
| Management And General | $1,685,537 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,377,535 | TotalAmt |
| Management And General | $1,377,535 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,378,421 | TotalAmt |
| Management And General | $3,378,421 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $609,762 | TotalAmt |
| Management And General | $609,762 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,242,938 | TotalAmt |
| Management And General | $2,242,938 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,556,882 | TotalAmt |
| Management And General | $2,556,882 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,426,762 | TotalAmt |
| Management And General | $2,426,762 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,050,874 | TotalAmt |
| Management And General | $4,050,874 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,658,172 | TotalAmt |
| Management And General | $2,658,172 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $853,256,481 | TotalAmt |
| Program Services | $853,256,481 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,646,470 | TotalAmt |
| Management And General | $5,646,470 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $702,502 | TotalAmt |
| Management And General | $702,502 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt |
|---|---|---|
| FORECLOSED ASSETS | $13,493,596 | $13,493,596 |
| BANK FEES | $2,174,273 | $2,174,273 |
| LOSS ON EARLY EXTINGUIS | $1,419,000 | $1,419,000 |
| WHOLE LOAN SALE | $75,250 | $75,250 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,242,388 | TotalAmt |
| Management And General | $1,242,388 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $940,804,147 | TotalAmt |
| Program Services | $871,842,938 | ProgramServicesAmt |
| Management And General | $68,961,209 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $32,199,515 | BOYAmt |
| EOY | $106,333,921 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $139,435,477 | BOYAmt |
| EOY | $220,846,872 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $174,789,132 | BOYAmt |
| EOY | $199,068,670 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,216,670,396 | BOYAmt |
| EOY | $20,386,356,645 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,324,416 | BOYAmt |
| EOY | $4,682,098 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $131,937,465 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $24,867,487 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $104,507,559 | BOYAmt |
| EOY | $107,069,978 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $31,632,425 | BOYAmt |
| EOY | $29,677,320 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $700,000,000 | BOYAmt |
| EOY | $575,500,000 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $261,472,115 | BOYAmt |
| EOY | $245,651,494 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $349,130,412 | BOYAmt |
| EOY | $303,879,739 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,015,161,447 | BOYAmt |
| EOY | $22,179,066,737 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,216,006,876 | BOYAmt |
| EOY | $4,025,012,867 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $25,717,236 | BOYAmt |
| EOY | $78,039,547 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,562,218,876 | BOYAmt |
| EOY | $7,771,660,135 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,916,952,110 | BOYAmt |
| EOY | $8,952,044,600 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $488,659,043 | BOYAmt |
| EOY | $402,628,773 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,209,554,141 | BOYAmt |
| EOY | $21,229,385,922 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $973,000 | BOYAmt |
| EOY | $973,000 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $804,634,306 | BOYAmt |
| EOY | $948,707,815 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $805,607,306 | BOYAmt |
| EOY | $949,680,815 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,015,161,447 | BOYAmt |
| EOY | $22,179,066,737 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $154,029,829 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$1,455,104 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$8,501,216 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $14,054,949 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $23,792,221 | OtherCostOrOtherBasisAmt |
| Book Value | $37,847,170 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $55,079,182 | OtherCostOrOtherBasisAmt |
| Depreciation | $6,585,881 | DepreciationAmt |
| Book Value | $48,493,301 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $143,880 | OtherCostOrOtherBasisAmt |
| Depreciation | $125,895 | DepreciationAmt |
| Book Value | $17,985 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $38,867,233 | OtherCostOrOtherBasisAmt |
| Depreciation | $18,155,711 | DepreciationAmt |
| Book Value | $20,711,522 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $107,069,978 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (5 entries)
| DescDesc | AmtAmt |
|---|---|
| GUARANTEE LIABILITY | $21,620,807 |
| OTHER ACCRUED EXPENSES | $7,889,190 |
| CREDIT LOSSES ALLOWANCE | $123,000 |
| MEMB APP FEES-MEMBERSHIP APPL | $5,000 |
| DERIVATIVE LIABILITY | $372,990,776 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $402,628,773 | TotalLiabilityAmt |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | CENTRAL AMERICA AND THE CARIBBEAN - | RegionTxt |
| Offices | 1 | OfficesCnt |
| Employee | 5 | EmployeeCnt |
| Type Of Activities Conducted | INVESTMENTS | TypeOfActivitiesConductedTxt |
| Region Total Expenditures | $239,119,227 | RegionTotalExpendituresAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 1 | SubtotalOfficesCnt |
| Subtotal Employees | 5 | SubtotalEmployeesCnt |
| Continutation Total Office | 0 | ContinutationTotalOfficeCnt |
| Continutation Total Employee | 0 | ContinutationTotalEmployeeCnt |
| Total Office | 1 | TotalOfficeCnt |
| Total Employee | 5 | TotalEmployeeCnt |
| Subtotal Spent | $239,119,227 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $239,119,227 | TotalSpentAmt |
| Transfer To Foreign Corp | 0 | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (1) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | 0 | PassiveForeignInvestmestCoInd |
| Foreign Partnership | 0 | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINES 3 COLUMN (F) | FormAndLineReferenceDesc |
| Explanation | CFC FOLLOWS U.S. GAAP ACCOUNTING. AMOUNTS REPORTED IN PART I, COLUMN (F) REPRESENTS THE CARRYING VALUE, NET OF EARNINGS AND/OR IMPAIRMENT CHARGES OF CFC'S INVESTMENT IN ORGANIZATIONS IN FOREIGN COUNTRIES AS OF THE END OF THE TAX YEAR AND DO NOT REFLECT EXPENDITURES MADE BY CFC INTO THESE COUNTRIES. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (50 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|
| ALASKA POWER ASSOCIATION | |||||||
| 703 WEST TUDOR ROAD SUITE 200 | ANCHORAGE | AK | 995036650 | 920069880 | 501 (C)(6) | $13,200 | EDUCATION FUND GRANT - YOUTH LEADERSHIP PROGRAMS |
| ELECTRIC POWER ASSOC OF MISSISSIPPI | |||||||
| PO BOX 3300 | RIDGELAND | MS | 391583300 | 640926385 | 501 (C)(9) | $14,400 | EDUCATION FUND GRANT - 2014 AREA SUMMER CONFERENCE |
| ARKANSAS ELECTRIC COOPERATIVES INC | |||||||
| PO BOX 194208 | LITTLE ROCK | AR | 72219 | 710219756 | 501 (C)(12) | $12,800 | EDUCATION FUND GRANT - ORIENTATION TO CO-OP PRINCIPALS & LEADERSHIP |
| GRAND CANYON STATE ELECTRIC COOPERATIVE ASSOCIATION | |||||||
| 120 NORTH 44TH STREET | PHOENIX | AZ | 85034 | 866056759 | 501 (C)(6) | $12,400 | EDUCATION FUND GRANT - AZ/CA WASHINGTON YOUTH TOUR |
| GOLDEN STATE POWER COOPERATIVE | |||||||
| 14619 HAMLIN STREET | VAN NUYS | CA | 91411 | 680441905 | 501 (C)(6) | $5,600 | EDUCATION FUND GRANT - ENERGY COOPERATIVE DEVELOPMENT & EDUCATION |
| WHEATLAND ELECTRIC CO-OP | |||||||
| POBOX 230 | SCOTT CITY | KS | 67861 | 480532188 | 501 (C)(12) | $12,821 | INTEGRITY FUND GRANT - TERRITORY THREAT |
| FLORIDA ELECTRIC COOPERATIVES ASSOCIATION INC | |||||||
| 2916 APALACHEE PARKWAY | TALLAHASSEE | FL | 32301 | 590633990 | 501 (C)(6) | $19,449 | INTEGRITY FUND GRANT - TERRITORY THREAT |
| GEORGIA ELECTRIC MEMBERSHIP CORPORATION | |||||||
| PO BOX 1707 | TUCKER | GA | 300851707 | 580530279 | 501 (C)(6) | $25,400 | EDUCATION FUND GRANT - ELECTRIC COOPERATIVES OF GEORGIA EXHIBIT AT THE 2013 SUNBELT AGRICULTURAL EXPOSITION |
| KAUAI ISLAND UTILITY CO-OP | |||||||
| 4463 PAHEE STREET | LIHUE | HI | 96766 | 990346113 | 501(C)(12) | $4,400 | EDUCATION FUND GRANT - KIUC ZAPS ENERGY CLASSROOM |
| ASSOCIATION OF ILLINOIS ELECTRIC COOPERATIVES | |||||||
| PO BOX 3787 | SPINGFIELD | IL | 62708 | 370159736 | 502 (C)(6) | $20,800 | EDUCATION FUND GRANT- TOUCHSTONE ENERGY SERVICE EXCELLELNCE WORKSHOP |
| CHOCTAWHATCHEE ELECTRIC CO-OP (CHELCO) | |||||||
| 1350 WBALDWIN AVE | DE FUNIAK SPRINGS | FL | 324350512 | 590192831 | 501 (C)(12) | $37,082 | INTEGRITY FUND GRANT - TERRITORIAL DISPUTE |
| INDIANA STATEWIDE ASSOCIATION OF RURAL ELECTRIC COOPERATIVES INC | |||||||
| PO BOX 24517 | INDIANAPOLIS | IN | 46224 | 351499808 | 501 (C)(6) | $26,200 | EDUCATION FUND GRANT - EMPLOYEE TRAINING, BOARD DEVELOPMENT AND MEMBER EDUCATION |
| KANSAS ELECTRIC COOPERATIVES INC | |||||||
| PO BOX 4267 | TOPEKA | KS | 666044267 | 480541902 | 501 (C)(12) | $19,200 | EDUCATION FUND GRANT - "BACK TO BASICS" PROGRAM |
| KENTUCKY ASSOCATION OF ELECTRIC COOPERATIVES | |||||||
| PO BOX 32170 | LOUISVILLE | KY | 40232 | 610420165 | 501(C)(6) | $15,200 | EDUCATION FUND GRANT - KALP (INCORP. COOPERATIVE EDUCATION INTO THE KY AG LEADERSHIP PROGRAM) |
| THE ASSOCIATION OF LOUISIANA ELECTRIC COOPERATIVES INC | |||||||
| 10725 AIRLINE HIGHWAY | BATON ROUGE | LA | 708164299 | 720400467 | 501 (C)(6) | $9,200 | EDUCATION FUND GRANT - LOUISIANA ELECTRIC COOPERATIVES YOUTH TOUR |
| MICHIGAN ELECTRIC COOPERATIVE ASSOCIATION | |||||||
| 2859 W JOLLY ROAD | OKEMOS | MI | 488641182 | 382214287 | 501 (C)(6) | $9,600 | EDUCATION FUND GRANT - RURAL ELECTRIC YOUTH TOUR TO WASHGTON, D.C. |
| MINNESOTA RURAL ELECTRIC ASSOCIATION | |||||||
| 11640 - 73RD AVENUE NORTH | MAPLE GROVE | MN | 55369 | 410417193 | 501 (C)(6) | $24,600 | EDUCATION FUND GRANT - 2013 NRECA BOARD LEADERSHIP COURSES |
| ASSOCIATION OF MISSOURI ELECTRIC COOPERATIVES | |||||||
| PO BOX 1645 | JEFFERSON CITY | MO | 65102 | 430631824 | 501 (C)(6) | $29,000 | EDUCATION FUND GRANT - MO COOP. YOUTH CONFERENCE & LEADERSHIP EXPERIENCE & YOUTH TOUR |
| ELECTRIC POWER ASSOCIATIONS OF MISSISSIPPI | |||||||
| PO BOX 3300 | RIDGELAND | MS | 391583300 | 640200697 | 501 (C)(6) | $16,200 | EDUCATION FUND GRANT - ELECTRIC COOPERATIVE YOUTH TOUR |
| MONTANA ELECTRIC COOPERATIVES' ASSOCIATION | |||||||
| PO BOX 1306 | GREAT FALLS | MT | 59403 | 810229220 | 501 (C)(6) | $16,200 | EDUCATION FUND GRANT - THE TODAY'S MEMBERS PROGRAM |
| DIVERSE POWER INC AN ELECTRIC MEMBERSHIP CORP | |||||||
| 1400 SOUTH DAVIS ROAD | LAGRANGE | GA | 302416112 | 580465897 | 501 (C)(12) | $5,226 | INTEGRITY FUND GRANT - TERRITORY THREAT |
| NORTH CAROLINA ASSOCIATION OF ELECTRIC COOPERATIVES INC | |||||||
| PO BOX 27306 | RALEIGH | NC | 27611 | 561189186 | 501 (C)(6) | $16,000 | EDUCATION FUND GRANT - BRIGHT IDEAS EDUCATION GRANT PROGRAM |
| SOUTHERN RIVERS ENERGYINC | |||||||
| 1367 HIGHWAY 341 SOUTH | BARNESVILLE | GA | 30204 | 580319365 | 501 (C)(12) | $48,228 | INTEGRITY FUND GRANT - FACILITY TAKEOVER BY CITY OF BARNES |
| NEBRASKA RURAL ELECTRIC ASSOCIATION | |||||||
| PO BOX 82048 | LINCOLN | NE | 68501 | 470394033 | 501 (C)(6) | $18,200 | EDUCATION FUND GRANT - NEBRASKA RURAL ELECT. WASHINGTON YOUTH TOUR |
| NEW MEXICO RURAL ELECTRIC COOPERATIVE ASSOCIATION INC | |||||||
| 614 DON GASPAR AVENUE | SANTA FE | NM | 87501 | 850155370 | 501 (C)(6) | $10,400 | EDUCATION FUND GRANT - NRECA CREDENTIALED COOPERATIVE DIRECTOR COURSES |
| NEVADA RURAL ELECTRIC ASSOCIATION | |||||||
| PO BOX 365 | WELLS | NV | 89835 | 880237046 | 501 (C)(6) | $8,800 | EDUCATION FUND GRANT - STATEWIDE SMART ENERGY PROGRAM |
| NEW YORK STATE RURAL ELECTRIC COOPERATIVE ASSOCIATION INC | |||||||
| 9 WILSON AVENUE | HARTWICK | NY | 14810 | 161264464 | 501 (C)(6) | $5,600 | EDUCATION FUND GRANT - STUDENT PARTICIPATION - NRECA LEG. CONFERENCE |
| NORTHEAST ASSOCIATION OF ELECTRIC COOPERATIVES INC | |||||||
| 9 WILSON AVENUE | BATH | NY | 148101633 | 222153529 | 501 (C)(12) | $15,400 | EDUCATION FUND GRANT - CONTINUING EDUCATION-DIRECTORS AND EMPLOYEES |
| OHIO RURAL ELECTRIC COOPERATIVES | |||||||
| PO BOX 26036 | COLUMBUS | OH | 432260036 | 510174617 | 501 (C)(6) | $21,400 | EDUCATION FUND GRANT - TRUSTEES' NRECA COURSES; REVISE & PRINT "THE COOPERATIVE DIFFERENCE" AND NEW EMPLOYEE PROGRAM |
| OKLAHOMA ASSOCIATION OF ELECTRIC COOPERATIVES INCORPORATED | |||||||
| PO BOX 54309 | OKLAHOMA CITY | OK | 731541309 | 730556236 | 501 (C)(6) | $18,400 | EDUCATION FUND GRANT - CRISIS COMMUNICATIONS PLAN WORKSHOPS |
| OREGON RURAL ELECTRIC COOPERATIVE ASSOCIATION | |||||||
| 1750 LIBERTY ST SE | SALEM | OR | 97302 | 930593238 | 501 (C)(6) | $17,600 | EDUCATION FUND GRANT - LEGISLATOR OUTREACH PROGRAM |
| PENNSYLVANIA RURAL ELECTRIC ASSOCIATION | |||||||
| PO BOX 1266 | HARRISBURG | PA | 171081266 | 236291530 | 501 (C)(6) | $19,200 | EDUCATION FUND GRANT - PREA COMMUNICATIONS WORKSHOP |
| THE ELECTRIC COOPERATIVES OF SOUTH CAROLINA INC | |||||||
| 808 KNOX ABBOTT DRIVE | CAYCE | SC | 29033 | 570308664 | 501 (C)(6) | $14,000 | EDUCATION FUND GRANT - NRECA TRAINING COURSES |
| SOUTH DAKOTA RURAL ELECTRIC ASSOCIATION INC | |||||||
| PO BOX 1138 | PIERRE | SD | 57501 | 460231254 | 501 (C)(12) | $15,600 | EDUCATION FUND GRANT - YOUTH EXCURSION |
| JO-CARROLL ENERGY INC | |||||||
| 79793 W US HIGHWAY 20 | ELIZABETH | IL | 610280390 | 361284865 | 501 (C)(12) | $58,090 | INTEGRITY FUND GRANT - TERRITORY THREAT |
| TENNESSEE ELECTRIC COOPERATIVE ASSOCIATION | |||||||
| PO BOX 100912 | NASHVILLE | TN | 37224 | 620461379 | 501 (C)(6) | $13,200 | EDUCATION FUND GRANT - YOUTH LEADERSHIP SUMMIT |
| TEXAS ELECTRIC COOPERATIVES INC | |||||||
| 1122 COLORADO ST STE 2400 | AUSTIN | TX | 787012167 | 741007829 | 501 (C)(6) | $42,800 | EDUCATION FUND GRANT - EDUCATION AND TRAINING |
| UTAH RURAL ELECTRIC ASSOCIATION | |||||||
| 10714 SOUTH JORDAN GATEWAY | SOUTH JORDAN | UT | 84095 | 870402010 | 501 (C)(6) | $9,000 | EDUCATION FUND GRANT - UREA YOUTH LEADERSHIP CHALLENGE |
| KENTUCKY ASSOCATION OF ELECTRIC COOPERATIVES | |||||||
| 4515 BISHOP LANE | LOUISVILLE | KY | 40218 | 610420165 | $14,697 | INTEGRITY FUND GRANT - REGULATORY THREAT | |
| WASHINGTON RURAL ELECTRIC COOPERATIVE ASSOCIATION | |||||||
| PO BOX 7219 | OLYMPIA | WA | 985077219 | 911236389 | 501 (C)(6) | $12,600 | EDUCATION FUND GRANT - WRECA ANNUAL MEETING |
| COOPERATIVE NETWORK ELECTRIC DIVISION | |||||||
| 1 SOUTH PINCKNEY STREET | MADISON | WI | 537032869 | 391128018 | 501(C)(6) | $20,200 | EDUCATION FUND GRANT - 2014 WECA YOUTH LEADERSHIP CONGRESS |
| WYOMING RURAL ELECTRIC ASSOCIATION | |||||||
| 2312 CAREY AVENUE | CHEYENNE | WY | 820013627 | 830207211 | 501 (C)(12) | $9,600 | EDUCATION FUND GRANT - SPONSOR YOUTH TOUR & AG IN THE CLASSROOM |
| KAY ELECTRIC COOPERATIVE | |||||||
| 300 WEST DOOLIN | BLACKWELL | OK | 74631 | 730308955 | 501 (C)(12) | $141,981 | INTEGRITY FUND GRANT - TERRITORY THREAT |
| COLUMBIA BASIN ELECTRIC COOPERATIVE | |||||||
| 171 LINDEN WAY | HEPPNER | OR | 97836 | 930337164 | 501 (C)(12) | $31,680 | INTEGRITY FUND GRANT - TERRITORY THREAT |
| AMICALOLA ELECTRIC MEMBERSHIP CORPORATION | |||||||
| 544 HIGHWAY 515 SOUTH | JASPER | GA | 30143 | 580140201 | 501 (C)(6) | $16,642 | INTEGRITY FUND GRANT - TERRITORY THREAT |
| CHARLES MIX ELECTRIC ASSOCIATION | |||||||
| 440 LAKE STREET | LAKE ANDES | SD | 57356 | 460212103 | 501 (C)(12) | $3,267 | INTEGRITY FUND GRANT - TERRITORY THREAT |
| NORTHERN RIO ARRIBA ELECTRIC COOPERATIVE | |||||||
| PO BOX 217 | CHAMA | NM | 87520 | 850098999 | 501 (C)(6) | $83,056 | INTEGRITY FUND GRANT - TERRITORY THREAT |
| HIGH WEST ENERGY | |||||||
| 6270 COUNTRY ROAD | PINE BLUFFS | WY | 82082 | 830143525 | 501 (C)(12) | $110,000 | INTEGRITY FUND GRANT - TERRITORY THREAT |
| NRECA | |||||||
| 4301 WILSON BLVD FIN8-110 | ARLINGTON | VA | 22203 | 530116145 | 501 (C)(6) | $129,824 | EDUCATION FUND GRANT - CO-OP.COM |
| GARKANE ENERGY CO-OP INC | |||||||
| POBOX 465 | LOA | UT | 84747 | 870133588 | 501 (C)(12) | $137,644 | INTEGRITY FUND GRANT - REGULATORY PURPOSES |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 0 | Total501c3OrgCnt |
| Total Other Org | 50 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | INTEGRITY FUND IN ORDER TO BE CONSIDERED FOR A GRANT FROM THE INTEGRITY FUND, A RURAL ELECTRIC SYSTEM MUST ESTABLISH THAT THERE IS AT LEAST ONE OF THE FOLLOWING THREE THREATS TO THE INTEGRITY OF ITS SYSTEM: (I) ALL, OR A SIGNIFICANT PORTION, OF ITS GEOGRAPHICALLY DEFINED TERRITORY OR SPECIFICALLY IDENTIFIED PRESENT OR ANTICIPATED CONSUMERS AND/OR ELECTRIC FACILITIES FACE A THREAT OF ACQUISITION BY A COMPETING ENTITY, (II) THE COOPERATIVE FACES A THREAT OF ITS RIGHT TO OFFER NON-ELECTRIC ENERGY SERVICES TO CONSUMERS, OR (III) THE COOPERATIVE IS FACING REGULATORY, JUDICIAL OR LEGISLATIVE CHALLENGES THAT HAVE THE POTENTIAL TO MATERIALLY AFFECT THE SYSTEM INTEGRITY OF OTHER COOPERATIVES IN A STATE, REGION OR NATION. EDUCATION FUND EACH STATEWIDE ASSOCIATION AND ELIGIBLE REGIONAL ASSOCIATIONS WILL SUBMIT AN APPLICATION FORM DESCRIBING THE PROGRAM FOR WHICH THE GRANT WILL BE USED. EARLIER IN THE YEAR, THEY SUBMIT A MEMBERSHIP LIST OF THE ASSOCIATION VERIFIED BY ITS GENERAL MANAGER. CFC USES THAT LIST AS WELL AS ITS OWN MEMBERSHIP LIST TO CALCULATE HOW MUCH EACH ASSOCIATION IS ALLOTTED DURING THE FISCAL YEAR. OUR FORMULA IS BASED UPON THE NUMBER OF SYSTEMS WITHIN AN ASSOCIATION, THE TOTAL NUMBER OF CO-OPS WHICH ARE MEMBERS OF CFC AND OF THE ASSOCIATION, 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. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| First Class Or Charter Travel | Yes (X) | FirstClassOrCharterTravelInd |
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Idemnification Gross Up Pmts | Yes (X) | IdemnificationGrossUpPmtsInd |
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Written Policy Ref T And E Expnss | 0 | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | 0 | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | Yes (1) | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (1) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (24 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SHELDON C PETERSEN | ||||||||||||||
| GOVERNOR AND CEO | $1,208,581 | $0 | $231,494 | $0 | $78,104 | $0 | $234,730 | $0 | $23,680 | $0 | $1,776,589 | $0 | $0 | $0 |
| RICHARD E LAROCHELLE | ||||||||||||||
| SVP,CORPORATE RELATIONS UNTIL 12/31/ | $717,895 | $0 | $133,132 | $0 | $45,868 | $0 | $112,828 | $0 | $15,580 | $0 | $1,025,303 | $0 | $0 | $0 |
| JOHN T EVANS | ||||||||||||||
| EVP AND COO | $472,058 | $0 | $145,546 | $0 | $47,621 | $0 | $99,106 | $0 | $26,688 | $0 | $791,019 | $0 | $0 | $0 |
| JOHN J LIST | ||||||||||||||
| SVP & CHIEF LENDING OFFICER | $413,196 | $0 | $126,622 | $0 | $52,250 | $0 | $120,199 | $0 | $26,596 | $0 | $738,863 | $0 | $0 | $0 |
| STEVEN L LILLY | ||||||||||||||
| SVP & SPECIAL ASSET MANAGEMENT | $441,473 | $0 | $124,122 | $0 | $6,265 | $0 | $139,501 | $0 | $22,591 | $0 | $733,952 | $0 | $0 | $0 |
| LAWRENCE ZAWALICKUNTIL 41714 | ||||||||||||||
| SVP, AFFLIATE ORGANIZATIONS | $441,540 | $0 | $100,780 | $0 | $41,544 | $0 | $166,275 | $0 | $14,874 | $0 | $765,013 | $0 | $0 | $0 |
| JONATHON ANDREW DON | ||||||||||||||
| SVP AND CFO | $353,680 | $0 | $101,423 | $0 | $25,100 | $0 | $167,257 | $0 | $26,859 | $0 | $674,319 | $0 | $0 | $0 |
| JOHN M BORAK | ||||||||||||||
| SVP, CREDIT RISK MANAGEMENT | $210,402 | $0 | $79,963 | $0 | $47,232 | $0 | $90,005 | $0 | $23,259 | $0 | $450,861 | $0 | $0 | $0 |
| ROBERTA B ARONSON | ||||||||||||||
| SVP AND GENERAL COUNSEL | $283,356 | $0 | $70,446 | $0 | $26,082 | $0 | $144,978 | $0 | $16,697 | $0 | $541,559 | $0 | $0 | $0 |
| LEIGH GRANTHAM UNTIL 412014 | ||||||||||||||
| SVP, STRATEGY AND BUSINESS DEVELOPME | $264,860 | $0 | $28,522 | $0 | $49,015 | $0 | $78,005 | $0 | $11,990 | $0 | $432,392 | $0 | $0 | $0 |
| STEVEN M KETTLER | ||||||||||||||
| SVP, STRATEGIC BUSINESS DEVELOPMENT | $199,563 | $0 | $58,160 | $0 | $25,260 | $0 | $85,359 | $0 | $29,026 | $0 | $397,368 | $0 | $0 | $0 |
| JOEL ALLEN | ||||||||||||||
| SVP, MEMBER SERVICES | $204,358 | $0 | $59,292 | $0 | $18,306 | $0 | $104,021 | $0 | $29,541 | $0 | $415,518 | $0 | $0 | $0 |
| ROBIN C REED | ||||||||||||||
| SVP, MEMBER SERVICES | $204,486 | $0 | $58,680 | $0 | $24,120 | $0 | $88,512 | $0 | $13,384 | $0 | $389,182 | $0 | $0 | $0 |
| GRACEANN CLENDENEN | ||||||||||||||
| SVP,CORPORATE SERVICES | $187,084 | $0 | $50,830 | $0 | $25,183 | $0 | $145,554 | $0 | $28,925 | $0 | $437,576 | $0 | $0 | $0 |
| BRAD CAPTAIN | ||||||||||||||
| SVP, CORPORATE RELATIONS | $164,678 | $0 | $44,790 | $0 | $27,739 | $0 | $134,363 | $0 | $5,689 | $0 | $377,259 | $0 | $0 | $0 |
| JOHN F SUTER | ||||||||||||||
| VP,CAPITAL MARKETS RESEARCH & ANALYS | $203,934 | $0 | $56,760 | $0 | $23,228 | $0 | $117,722 | $0 | $24,066 | $0 | $425,710 | $0 | $0 | $0 |
| BRUCE E MACNEIL | ||||||||||||||
| VP,CAPITAL MARKETS FUNDING | $162,954 | $0 | $36,115 | $0 | $4,530 | $0 | $25,984 | $0 | $24,887 | $0 | $254,470 | $0 | $0 | $0 |
| LAWRENCE SAUNDERS | ||||||||||||||
| VP, PORTFOLIO MANAGEMENT | $216,442 | $0 | $43,750 | $0 | $62,863 | $0 | $37,976 | $0 | $23,860 | $0 | $384,891 | $0 | $0 | $0 |
| AMY S LUONGO | ||||||||||||||
| VP, PORTFOLIO MANAGEMENT | $164,072 | $0 | $40,062 | $0 | $17,888 | $0 | $39,671 | $0 | $1,339 | $0 | $263,032 | $0 | $0 | $0 |
| KRISHNA MURTHY | ||||||||||||||
| VP,ELECTRIC AND ENERGY INDUSTRY | $186,340 | $0 | $63,683 | $0 | $43,929 | $0 | $76,596 | $0 | $24,905 | $0 | $395,453 | $0 | $0 | $0 |
| MICHAEL H CARR UNTIL 10913 | ||||||||||||||
| VP & CIO | $197,833 | $0 | $60,240 | $0 | $55,117 | $0 | $3,916 | $0 | $14,909 | $0 | $332,015 | $0 | $0 | $0 |
| ROBERT E GEIER JR | ||||||||||||||
| VP & CONTROLLER | $211,366 | $0 | $54,692 | $0 | $24,169 | $0 | $169,767 | $0 | $8,105 | $0 | $468,099 | $0 | $0 | $0 |
| ALLYN JAMATO | ||||||||||||||
| VP & DEPUTY GENERAL COUNSEL | $204,031 | $0 | $59,903 | $0 | $25,131 | $0 | $96,999 | $0 | $14,399 | $0 | $400,463 | $0 | $0 | $0 |
| FRANK E VAUGHN | ||||||||||||||
| ASSISTANT GENERAL COUNSEL | $183,190 | $0 | $49,754 | $0 | $28,808 | $0 | $64,729 | $0 | $17,252 | $0 | $343,733 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | THE PERQUISITES PROVIDED TO THE CEO ARE LIMITED TO AN ANNUAL AUTOMOBILE ALLOWANCE AS WELL AS AN ANNUAL SPOUSAL AIR TRAVEL ALLOWANCE. ADDITIONALLY, THE CEO MAY RECEIVE AN ANNUAL EXECUTIVE PHYSICAL PAID FOR BY CFC. ONE OFFICER AND ONE KEY EMPLOYEE LISTED IN PART VII, SECTION A RECEIVED A GROSS UP PAYMENT REPRESENTING A TEMPORARY HOUSING ALLOWANCE AND TAXABLE RELOCATION REIMBURSEMENT FOR PERSONAL USE DUE TO A RELOCATION TO HEADQUARTERS. THESE PAYMENTS WERE TREATED AS TAXABLE COMPENSATION. BECAUSE THE CEO IS FREQUENTLY REQUIRED TO TRAVEL TO MEMBER SITES IN RURAL PARTS OF THE COUNTRY, THE BOARD OF DIRECTORS HAS AUTHORIZED HIM TO OCCASIONALLY UTILIZE A PRIVATE PLANE SERVICE TO FACILITATE HIS EXTENSIVE BUSINESS TRAVEL. THIS SERVICE HAS BEEN USED INFREQUENTLY AND IS SOLELY FOR BUSINESS PURPOSES. DURING FY14, HE USED THIS SERVICE FOR ONE LEG OF HIS TRAVEL ON FIVE OCCASIONS. |
| PART I, LINE 1B | THESE PAYMENTS WERE TREATED AS TAXABLE COMPENSATION. TO PROVIDE THE ANNUAL AUTOMOBILE AND SPOUSAL AIR TRAVEL PERQUISITES IN AN EFFICIENT FASHION, THE BOARD AUTHORIZES AN ANNUAL ALLOWANCE RATHER THAN PROVIDING UNLIMITED REIMBURSEMENT OR USE OF A COMPANY-OWNED VEHICLE. THE AMOUNT OF EACH ALLOWANCE IS AUTHORIZED ANNUALLY BY THE BOARD AND IS DETERMINED BASED ON THE ESTIMATED COST FOR OPERATION AND MAINTENANCE OF AN AUTOMOBILE AND THE ANTICIPATED COST OF AIR TRAVEL BY THE CEO'S SPOUSE. THESE PAYMENTS WERE TREATED AS TAXABLE COMPENSATION. CFC DOES NOT HAVE A FORMAL POLICY REGARDING PAYMENTS OR REIMBURSMENT OF THESE EXPENSES. EACH PAYMENT FOR THE GROSS-UP, TAXABLE HOUSING AND RELOCATION ALLOWANCE WAS MADE IN ACCORDANCE WITH A WRITTEN RELOCATION AGREEMENT. |
| PART I, LINES 4A-B | PART I, LINE 4A A LUMP SUM SEVERANCE PAYMENT OF $35,215.64 WAS PAID AT THE TIME OF TERMINATION TO MR.CARR. PART I, LINE 4B CFC OFFERS A PENSION RESTORATION PLAN WHICH IS A COMPONENT OF THE RETIREMENT SECURITY PLAN TO EXECUTIVE OFFICERS OF THE COMPANY. THE PENSION RESTORATION PLAN, WHICH IS A 457(F) PLAN, RESTORES THE VALUE OF THE RETIREMENT SECURITY PLAN FOR EACH OFFICER TO THE LEVEL IT WOULD BE IF THE IRS LIMITS ON ANNUAL PAY AND ANNUAL ANNUITY BENEFITS WERE NOT IN PLACE. THE BENEFIT AND PAYOUT FORMULA UNDER THIS RESTORATION COMPONENT OF THE RETIREMENT SECURITY PLAN IS SIMILAR TO THAT UNDER THE QUALIFIED PLAN COMPONENT. HOWEVER, SEVEN OF THE EXECUTIVE OFFICERS HAVE SATISFIED THE PROVISIONS ESTABLISHED TO RECEIVE THE BENEFIT FROM THIS PLAN. SINCE THESE OFFICERS NO LONGER HAVE A RISK OF FORFEITURE OF THE BENEFITS UNDER THE PENSION RESTORATION PLAN, DISTRIBUTIONS ARE MADE FROM THE PLAN TO EACH EXECUTIVE OFFICER ANNUALLY. FOR 2013 THE FOLLOWING DISTRIBUTIONS WERE MADE: JOHN BORAK $ 9 JOHN EVANS $ 53,636 RICHARD LAROCHELLE $ 255,761 STEVEN LILLY $ 42,310 JOHN LIST $ 59,278 SHELDON PETERSEN $444,684 LAWRENCE ZAWALICK $ 164,710 |
| PART I, LINE 7 | WE PROVIDED ONE-TIME CASH PAYMENTS TO EACH OF THE EXECUTIVE OFFICERS AS PART OF OUR SHORT-TERM AND LONG-TERM INCENTIVE PROGRAMS. CFC'S SHORT-TERM CASH INCENTIVE PROGRAM IS A ONE-YEAR CASH INCENTIVE THAT IS TIED TO THE ANNUAL PERFORMANCE OF THE ORGANIZATION AS A WHOLE. WE BELIEVE THAT BY PAYING A SHORT-TERM INCENTIVE TIED TO THE ACHIEVEMENT OF ANNUAL OPERATING GOALS, ALL EMPLOYEES, INCLUDING EXECUTIVE OFFICERS, WILL FOCUS THEIR EFFORTS ON THE MOST IMPORTANT STRATEGIC OBJECTIVES WHICH HELP US TO FULFILL OUR MISSION TO OUR MEMBERS AND OUR OBLIGATIONS TO THE FINANCIAL MARKETS. THE SHORT-TERM INCENTIVE PROGRAM PROVIDES ANNUAL CASH INCENTIVE OPPORTUNITIES BASED UPON THE LEVEL OF THE POSITION WITHIN OUR BASE PAY STRUCTURE, RANGING FROM 15 PERCENT - 25 PERCENT OF BASE PAY. EXECUTIVE OFFICERS ARE ELIGIBLE TO RECEIVE SHORT-TERM CASH INCENTIVE COMPENSATION UP TO 25 PERCENT OF THEIR BASE PAY. KEY EMPLOYEES AND HIGHLY COMPENSATED EMPLOYEES ARE ELIGIBLE TO RECEIVE SHORT-TERM CASH INCENTIVE COMPENSATION UP TO 20 PERCENT OF THEIR BASE PAY. THE LONG-TERM INCENTIVE PROGRAM IS A THREE-YEAR PLAN THAT IS TIED TO CFC'S LONG-TERM STRATEGIC OBJECTIVES. THE LONG-TERM INCENTIVE PROGRAM WAS IMPLEMENTED TO CREATE DYNAMIC TENSION BETWEEN SHORT-TERM OBJECTIVES AND LONG-TERM GOALS. EXECUTIVE OFFICERS, KEY EMPLOYEES AND HIGHLY COMPENSATED EMPLOYEES ARE ELIGIBLE TO PARTICIPATE IN THE PLAN AND RECEIVE PERFORMANCE UNITS THAT ARE CALCULATED AT 20% - 25% OF BASE PAY. THE VALUE OF THE PERFORMANCE UNITS WILL RANGE FROM $0 TO $150 PER PERFORMANCE UNIT ACCORDING TO THE LEVEL OF NATIONAL RURAL'S SECURED DEBT RATINGS BY THE RATING AGENCIES. |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (9 entries)
| Relationship DescriptionRelationshipDescriptionTxt | TransactionTransactionAmt | TransactionTransactionDesc | Sharing Of RevenuesSharingOfRevenuesInd |
|---|---|---|---|
| ARKANSAS ELECTRIC COOPERATIVE CORPORATION | |||
| MEMBER/BORROWER W/ CFC'S BOARD MEMBER | $1,762,280,984 | INTEREST AND PRINCIPAL PAID ON INVESTMENTS/ CERTIFICATES | 0 |
| ARKANSAS ELECTRIC COOPERATIVE CORPORATION | |||
| MEMBER/BORROWER W/ CFC'S BOARD MEMBER | $172,313 | SYNDICATION FEES COLLECTED | 0 |
| TRI-STATE GENERATION AND TRANSMISSION ASSOCIATION | |||
| MEMBER/BORROWER W/ CFC'S BOARD MEMBER | $27,883,638 | INTEREST AND PRINCIPAL COLLECTED ON LOANS FROM BORROWER | 0 |
| TRI-STATE GENERATION AND TRANSMISSION ASSOCIATION | |||
| MEMBER/BORROWER W/ CFC'S BOARD MEMBER | $267,523,198 | INTEREST AND PRINCIPAL PAID ON INVESTMENTS/ CERTIFICATES | 0 |
| TRI-STATE GENERATION AND TRANSMISSION ASSOCIATION | |||
| MEMBER/BORROWER W/ CFC'S BOARD MEMBER | $400,099 | PATRONAGE ALLOCATION RETIRED | 0 |
| TRI-STATE GENERATION AND TRANSMISSION ASSOCIATION | |||
| MEMBER/BORROWER W/ CFC'S BOARD MEMBER | $666,435 | SYNDACATION FEES COLLECTED | 0 |
| (no name) | |||
| 0 | |||
| TRI-STATE GENERATION AND TRANSMISSION ASSOCIATION | |||
| MEMBER/BORROWER W/ CFC'S BOARD MEMBER | $323,705,587 | AMOUNTS INVESTED IN CFC DEBT PRODUCTS | 0 |
| ARKANSAS ELECTRIC COOPERATIVE CORPORATION | |||
| MEMBER/BORROWER W/ CFC'S BOARD MEMBER | $1,815,500,000 | AMOUNTS INVESTED IN CFC DEBT PRODUCTS | 0 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION IS A NON-STOCK, MEMBERSHIP ORGANIZATION. AS OF MAY 31, 2014, THERE WERE 1,023 MEMBERS AND ASSOCIATES. MEMBERSHIP INCLUDED: CLASS A. THERE WERE 838 CLASS A MEMBERS - COOPERATIVE OR NONPROFIT CORPORATIONS, PUBLIC CORPORATIONS, UTILITY DISTRICTS, AND OTHER PUBLIC BODIES, WHICH HAVE RECEIVED OR ARE ELIGIBLE TO RECEIVE A LOAN OR COMMITMENT FOR A LOAN FROM THE RURAL UTILITIES SERVICE OR ANY SUCCESSOR AGENCY, AND WHICH ARE ENGAGED OR PLANNING TO ENGAGE IN THE FURNISHING OF UTILITY SERVICES TO THEIR MEMBERS AND PATRONS FOR THEIR USE AS ULTIMATE CONSUMERS. CLASS B. THERE WERE 71 CLASS B MEMBERS - COOPERATIVE OR NONPROFIT CORPORATIONS WHICH ARE FEDERATIONS OF CLASS A MEMBERS OR OF OTHER CLASS B MEMBERS, OR BOTH, OR WHICH ARE OWNED AND CONTROLLED BY CLASS A MEMBERS OR BY OTHER CLASS B MEMBERS, OR BOTH, AND WHICH ARE ENGAGED OR PLANNING TO ENGAGE IN THE FURNISHING OF UTILITY SERVICES PRIMARILY TO CLASS A MEMBERS OR OTHER CLASS B MEMBERS. CLASS C. THERE WERE 64 CLASS C MEMBERS - STATEWIDE AND REGIONAL ASSOCIATIONS WHICH ARE WHOLLY-OWNED OR CONTROLLED BY CLASS A MEMBERS OR CLASS B MEMBERS, OR BOTH, OR WHICH ARE WHOLLY-OWNED SUBSIDIARIES OF A CFC MEMBER, AND WHICH DO NOT FURNISH UTILITY SERVICES BUT WHICH SUPPLY OTHER FORMS OF SERVICE TO THEIR MEMBERS. CLASS D THERE WAS 1 CLASS D MEMBER. CLASS D MEMBERS ARE NATIONAL ASSOCIATIONS OF COOPERATIVES COMPRISED OF CLASS A, CLASS B AND CLASS C MEMBERS. IN ORDER TO BE ELIGIBLE FOR MEMBERSHIP TO CFC, A NATIONAL ASSOCIATION MUST HAVE, AT THE TIME OF ADMISSION TO CFC, MEMBER COOPERATIVES DOMICILED IN AT LEAST 80% OF THE STATES OF THE UNITED STATES. IN ADDITION TO MEMBERS, ASSOCIATES (NUMBERING 49) ARE NOT-FOR-PROFIT ENTITIES ORGANIZED ON A COOPERATIVE BASIS WHICH ARE OWNED, CONTROLLED OR OPERATED BY CLASS A, B OR C MEMBERS AND WHICH PROVIDE NON-ELECTRIC SERVICES PRIMARILY FOR THE BENEFIT OF CONSUMERS. ASSOCIATES ARE NOT ENTITLED TO VOTE AT ANY MEETING OF THE MEMBERS AND ARE NOT ELIGIBLE TO BE REPRESENTED ON OUR BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION A, LINE 7A | CFC'S MEMBERS ARE DIVIDED INTO ELEVEN DISTRICTS. EACH DISTRICT APPOINTS TWO DIRECTORS. FOR DISTRICTS 1 THROUGH 10, THE TWO DIRECTORS MUST INCLUDE ONE WHO IS A TRUSTEE OR DIRECTOR OF A MEMBER ORGANIZED WITHIN THE DISTRICT, AND ONE WHO IS MANAGER OF A MEMBER ORGANIZATION WITHIN THE DISTRICT; PROVIDED THAT, EXCEPT FOR DISTRICT 11 AND IN THE CASE WHERE ONLY ONE STATE IS LOCATED IN A DISTRICT, NO TWO DIRECTORS CAN REPRESENT MEMBERS WITH THEIR HEADQUARTERS IN THE SAME STATE. EACH DIRECTOR SERVES FOR A TERM OF THREE YEARS. UPON EXPIRATION OF THE TERM OF A DIRECTOR, MEMBERS FROM THAT DISTRICT ELECT A DIRECTOR MEETING THE QUALIFICATIONS OUTLINED ABOVE TO REPRESENT THEM ON CFC'S BOARD. A DIRECTOR MAY NOT BE ELECTED TO SERVE MORE THAN TWO CONSECUTIVE THREE YEAR TERMS ON THE CFC BOARD. IF THE BOARD OF DIRECTORS IN ITS DISCRETION SO DETERMINES, THEN THERE MAY BE ONE ADDITIONAL DIRECTOR ELECTED BY THE MEMBERS TO SERVE ON THE BOARD OF DIRECTORS FROM TIME TO TIME WHO MEETS THE QUALIFICATIONS AS MAY BE REQUIRED BY THE SECURITIES AND EXCHANGE COMMISSION, GOVERNMENTAL AGENCY OR AUTHORITY, OR NATIONAL STOCK EXCHANGE TO SERVE AS AN AUDIT COMMITTEE FINANCIAL EXPERT. |
| FORM 990, PART VI, SECTION B, LINE 11 | THE BOARD OF DIRECTORS OF CFC REVIEWED THE 2013 FORM 990 FOR FISCAL YEAR ENDED MAY 31, 2014 AT A REGULARLY SCHEDULED BOARD MEETING PRIOR TO FILING THE FORM 990 WITH THE INTERNAL REVENUE SERVICE. A DRAFT OF THE FORM 990 WAS PREPARED BY CFC STAFF, REVIEWED BY INTERNAL COUNSEL AND SENIOR MANAGEMENT, REVIEWED BY EXTERNAL TAX ADVISORS, KPMG LLP, AND PRESENTED TO THE BOARD FOR REVIEW. A DETAILED PRESENTATION ABOUT THE FORM 990 WAS MADE BY CFC STAFF TO THE BOARD AT A REGULARLY SCHEDULED BOARD MEETING. |
| FORM 990, PART VI, SECTION B, LINE 12C | CONFLICTS OF INTERESTS ARE ADDRESSED BY CFC THROUGH ITS RELATED PERSON TRANSACTIONS AND RELATED CREDITS POLICY (THE "POLICY"). CFC ESTABLISHED THE POLICY IN MAY 2007, AS AMENDED FROM TIME TO TIME, TO FACILITATE DISCLOSURE WITH RESPECT TO TRANSACTIONS IN WHICH ITS EXECUTIVE OFFICERS, DIRECTORS AND KEY EMPLOYEES AND THEIR IMMEDIATE FAMILY MEMBERS ("RELATED PERSON") HAVE A SUBSTANTIAL INTEREST. A RELATED PERSONS TRANSACTION IS DEFINED AS ANY TRANSACTION IN WHICH (I) CFC WAS, IS, OR PROPOSES TO BE A PARTICIPANT, (II) THE AMOUNT INVOLVED EXCEEDS $120,000 AND (III) A RELATED PERSON HAS OR WILL HAVE A DIRECT OR INDIRECT MATERIAL INTEREST IN THE TRANSACTION IN QUESTION. THE POLICY APPLIES TO ALL EXECUTIVE OFFICERS, DIRECTORS AND KEY EMPLOYEES OF CFC ("COVERED EMPLOYEES") AND REQUIRES SIMILAR DISCLOSURE TO THAT REQUIRED BY ITEM 404 OF REGULATION S-K OF THE SECURITIES ACT OF 1933, AS AMENDED. ON A QUARTERLY BASIS, EACH COVERED EMPLOYEE IS REQUIRED TO REVIEW THE POLICY AND COMPLETE A RELATED PERSON DISCLOSURE IF HE OR SHE OR AN IMMEDIATE FAMILY MEMBER IS INVOLVED IN A TRANSACTION WITH CFC. OUTSIDE OF REGULARLY SCHEDULED BOARD MEETINGS, COVERED EMPLOYEES ARE REQUIRED TO COMPLETE RELATED PERSON DISCLOSURE NOTICES WHENEVER THEY BECOME AWARE OF A POTENTIAL CONFLICT OF INTEREST. THE RELATED PERSON DISCLOSURE NOTICE REQUIRES A DESCRIPTION OF THE PARTIES INVOLVED IN THE TRANSACTION, THE APPROXIMATE DOLLAR AMOUNT OF THE TRANSACTION, AND ANY OTHER MATERIAL FACTS AND CIRCUMSTANCES, AS WELL AS AN UPDATE WITH RESPECT TO THE TIMING AND STATUS OF THE TRANSACTION. UPON RECEIPT OF A RELATED PERSON DISCLOSURE NOTICE, CFC'S GENERAL COUNSEL IS RESPONSIBLE FOR THE REVIEW, APPROVAL AND RATIFICATION OF ANY RELATED PERSON TRANSACTION IF IT MEETS THE CRITERIA BELOW. THOSE RELATED PERSON TRANSACTIONS INVOLVING A SUBSTANTIAL INTEREST OF CFC'S GENERAL COUNSEL ARE REQUIRED TO BE REFERRED TO THE BOARD FOR REVIEW, APPROVAL AND RATIFICATION. IN REVIEWING A RELATED PERSON TRANSACTION, THE GENERAL COUNSEL, AND WHEN APPLICABLE, THE BOARD, MUST REASONABLY DETERMINE, BASED ON A REVIEW OF THE AVAILABLE INFORMATION, THAT THE TRANSACTION IS FAIR AND REASONABLE TO CFC AND CONSISTENT WITH THE BEST INTERESTS OF CFC. IN THE EVENT THE GENERAL COUNSEL BECOMES AWARE OF A RELATED PERSON TRANSACTION THAT HAS NOT BEEN APPROVED UNDER THE POLICY PRIOR TO CONSUMMATION, THE GENERAL COUNSEL SHALL NOTIFY THE BOARD OF DIRECTORS AND TAKE SUCH OTHER ACTIONS AS MAY BE NECESSARY TO SUSPEND THE CONSUMMATION OF THE TRANSACTION PENDING BOARD OF DIRECTORS' REVIEW. DIRECTOR COMPENSATION ARRANGEMENTS, EXECUTIVE OFFICER COMPENSATION ARRANGEMENTS AND KEY EMPLOYEE COMPENSATION ARRANGEMENTS ARE EACH EXCLUDED FROM THE DEFINITION OF RELATED PERSON TRANSACTIONS, AS WELL AS TRANSACTIONS IN WHICH THE RELATED PERSON'S INTEREST ARISES ONLY FROM THE PERSON'S POSITION AS A DIRECTOR OF ANOTHER ENTITY THAT IS A PARTY TO THE TRANSACTIONS. FINALLY, RELATED CREDITS ARE ALSO EXCLUDED FROM THE DEFINITION OF A RELATED PERSON TRANSACTION. A RELATED CREDIT IS DEFINED AS THE EXTENSION OF CREDIT TO OR FOR THE BENEFIT OF COVERED EMPLOYEES OR RELATED ENTITIES THAT ARE MADE ON SUBSTANTIALLY THE SAME TERMS AND FOLLOW THE UNDERWRITING PROCEDURES THAT ARE NO LESS STRINGENT THAN THOSE PREVAILING AT THE TIME FOR COMPARABLE TRANSACTIONS GENERALLY OFFERED BY CFC. THE POLICY PROHIBITS CFC FROM EXTENDING CREDIT IN THE FORM OF A PERSONAL LOAN TO A COVERED EMPLOYEE. RELATED ENTITIES INCLUDE CFC'S MEMBER COOPERATIVES AS WELL AS ANY ENTITY FOR WHICH A RELATED PERSON (I) SERVES AS AN OFFICER, DIRECTOR, TRUSTEE, ALTERNATIVE DIRECTOR OR TRUSTEE OR EMPLOYEE (INCLUDING PART TIME EMPLOYEE), (II) CONTROLS THE ENTITY, OR (III) HAS A SUBSTANTIAL BENEFICIAL INTEREST IN THE ENTITY. THE BOARD HAS DELEGATED TO THE CEO, WITH AUTHORITY TO REDELEGATE TO SUCH OFFICER OF CFC AS THE CEO DEEMS APPROPRIATE, THE AUTHORITY TO APPROVE ALL RELATED CREDITS IN AN AMOUNT EQUAL TO OR LESS THAN $250,000 AND EMERGENCY AND CERTAIN OTHER LINES OF CREDIT. RELATED CREDITS IN EXCESS OF $250,000 MUST BE APPROVED BY THE BOARD. ALL RELATED PERSONS ARE REQUIRED TO ABSTAIN FROM PARTICIPATING, DIRECTLY OR INDIRECTLY, IN THE CREDIT APPROVAL PROCESS INVOLVING A RELATED CREDIT. ADDITIONALLY, ALL RELATED PERSONS ARE REQUIRED TO LEAVE THE BOARD MEETING OR DISCONNECT FROM THE CONFERENCE CALL WHILE THE RELATED CREDIT IS BEING CONSIDERED AND DISCUSSED AND RELATED PERSONS ARE NOT PROVIDED WITH ANY WRITTEN MATERIALS PERTAINING TO SUCH RELATED CREDIT. |
| FORM 990, PART VI, SECTION B, LINE 15A | CFC'S COMPENSATION COMMITTEE (THE "COMMITTEE"),WHICH IS COMPRISED OF CFC EXECUTIVE COMMITTEE BOARD MEMBERS, DETERMINES AND APPROVES THE COMPENSATION OF CFC'S CEO. THE COMMITTEE ANNUALLY REVIEWS AND APPROVES APPROPRIATE CORPORATE GOALS AND OBJECTIVES RELATED TO THE CEO'S COMPENSATION AND EVALUATES PERFORMANCE IN LIGHT OF THOSE GOALS AND OBJECTIVES. THE CEO'S COMPENSATION IS COMPRISED OF BASE PAY, SHORT AND LONG TERM INCENTIVE COMPENSATION AND PERQUISITES. IN FISCAL YEAR 2014, THE INDEPENDENT CONSULTANT WAS ENGAGED BY THE COMMITTEE TO CONDUCT A COMPENSATION SURVEY AND PROVIDE COMPENSATION DATA FOR THE CEO POSITION USING PEER ORGANIZATIONS IDENTIFIED BY THE INDEPENDENT CONSULTANT THROUGH DISCUSSIONS WITH THE COMMITTEE. THE INDEPENDENT CONSULTANT INCLUDED COMPANIES IN THE COMPENSATION COMPARISON GROUP THAT WERE SIMILAR TO CFC IN ASSET SIZE, INDUSTRY AND BUSINESS DESCRIPTION. THE GROUP INCLUDED FINANCIAL INSTITUTIONS THAT ARE PRIVATE MARKET, COMMERCIAL AND/OR MISSION-DRIVEN LENDERS, OFFERING FULL SERVICE FINANCING, INVESTMENT AND RELATED SERVICES. THE COMPANIES TARGETED AS PEER COMPANIES INCLUDED TWO MEMBERS OF THE FARM CREDIT SYSTEM AND 12 REGIONAL BANKS OR FINANCIAL SERVICES COMPANIES. THESE COMPANIES WERE CHOSEN BECAUSE THEIR BUSINESSES ARE SIMILAR TO CFC'S. ALTHOUGH CFC IS NOT FOCUSED ON PROFITS LIKE THE INSTITUTIONS IN THE PEER GROUP, THE COMMITTEE BELIEVES THAT THESE COMPANIES EMPLOY EXECUTIVES THAT HAVE SKILLS AND EXPERTISE CONSISTENT WITH WHAT CFC WOULD SEEK IF IT HAD TO REPLACE THE CEO. THE TARGETED COMPANIES HAD ASSETS RANGING FROM APPROXIMATELY 50 PERCENT TO 200 PERCENT OF CFC'S FEBRUARY 2013 TOTAL ASSETS OF $21.5 BILLION, AND INCLUDED FIVE COMPANIES WITH GREATER TOTAL ASSETS THAN CFC'S. THE COMPARATOR GROUP CONSISTED OF THE FOLLOWING FINANCIAL SERVICES ORGANIZATIONS: NEW YORK COMMUNITY BANCORP, INC., ASTORIA FINANCIAL CORP., NELNET, INC., WEBSTER FINANCIAL CORP., FLAGSTAR BANCORP, PEOPLE'S UNITED FINANCIAL CORP., WASHINGTON FEDERAL INC., HUDSON CITY BANCORP INC., FIRST NIAGARA FINANCIAL GROUP, TFS FINANCIAL CORPORATION, EVERBANK FINANCIAL CORPORATION AND FEDERAL AGRICULTURAL MORTGAGE CORPORATION, AS WELL AS TWO FARM CREDIT SYSTEM PEERS. HUDSON CITY BANCORP INC.'S 2012 ASSETS ARE OUTSIDE OF THE NORMAL TARGETED ASSET RANGE, AND THEY HAVE AGREED TO A MERGER WITH M&T BANK CORP. THE INDEPENDENT CONSULTANT RECOMMENDED THAT THIS COMPANY REMAIN IN THE PEER GROUP FOR THIS YEAR AND WILL REEVALUATE THE PEER GROUP FOR NEXT YEAR'S ANALYSIS. THE INDEPENDENT CONSULTANT LED THE COMMITTEE THROUGH AN ASSESSMENT OF CEO COMPENSATION DATA AT THE COMPARISON GROUP COMPANIES USING BOTH A ONE-YEAR AND A THREE-YEAR COMPENSATION ANALYSIS. THE INDEPENDENT CONSULTANT'S DATA INCLUDED BOTH ACTUAL COMPENSATION AND TARGET COMPENSATION BASED ON INFORMATION OBTAINED FROM EACH COMPARATOR GROUP COMPANY'S MOST RECENT ANNUAL REPORT OR PROXY STATEMENT. THE ELEMENTS OF COMPENSATION REVIEWED INCLUDE CURRENT BASE SALARY AS WELL AS ANY ADDITIONAL BONUS, INCENTIVES OR SPECIAL AWARDS. THE COMMITTEE REVIEWED TOTAL COMPENSATION DATA FOR THE COMPARATOR GROUP FOR INFORMATIONAL PURPOSES AND USED THIS DATA SOLELY TO DETERMINE THE COMPETITIVENESS OF OUR CEO BASE PAY. CFC'S SHORT-TERM CASH INCENTIVE PROGRAM IS A ONE-YEAR CASH INCENTIVE THAT IS TIED TO THE ANNUAL PERFORMANCE OF THE ORGANIZATION AS A WHOLE. CORPORATE PERFORMANCE IS MEASURED USING A BALANCED SCORECARD APPROVED BY THE BOARD OF DIRECTORS PRIOR TO THE START OF THE FISCAL YEAR. THE BALANCED SCORECARD IS A PERFORMANCE MANAGEMENT TOOL THAT ARTICULATES THE CORPORATE STRATEGY INTO SPECIFIC, QUANTIFIABLE, MEASURABLE GOALS. THE SCORECARD IS DIVIDED INTO FOUR QUADRANTS, REFLECTING CRUCIAL AREAS OF BUSINESS PERFORMANCE. SPECIFIC GOALS ARE ESTABLISHED WITHIN THOSE QUADRANTS TO FOCUS ALL EMPLOYEES ON THE TARGET RESULTS AND MEASURES THAT MUST BE ACHIEVED IF WE ARE TO SUCCEED AT REALIZING OUR STRATEGIC PLAN. THE INTENT IS TO ALIGN ORGANIZATIONAL, DEPARTMENTAL AND INDIVIDUAL INITIATIVES TO ACHIEVE A COMMON SET OF GOALS. EVERY EMPLOYEE PARTICIPATES IN THE SHORT-TERM INCENTIVE PROGRAM, AND THE CORPORATE STRATEGIC GOALS ARE THE SAME FOR ALL EMPLOYEES, INCLUDING THE EXECUTIVE OFFICERS. THE BOARD OF DIRECTORS ESTABLISHES CORPORATE GOALS AND MEASURES THAT THEY BELIEVE ARE ACHIEVABLE ONLY IF EACH INDIVIDUAL PERFORMS WELL IN HIS OR HER ROLE AND CFC MEETS ITS INTERNAL BUSINESS PLAN GOALS. THE SHORT-TERM INCENTIVE PROGRAM PROVIDES ANNUAL CASH INCENTIVE OPPORTUNITIES BASED UPON THE LEVEL OF THE POSITION WITHIN CFC'S BASE PAY STRUCTURE, RANGING FROM 15% - 25% OF BASE PAY. THE CEO IS ELIGIBLE FOR AN ANNUAL INCENTIVE OPPORTUNITY AT 25% OF HIS BASE PAY. THE LONG-TERM INCENTIVE PROGRAM IS A THREE-YEAR PLAN THAT IS TIED TO CFC'S LONG-TERM STRATEGIC OBJECTIVES. THE MEASURE FOR ALL ACTIVE LONG-TERM INCENTIVE PLANS IS THE ACHIEVEMENT OF BOND RATING TARGETS FOR CFC'S SENIOR SECURED DEBT BY RATING AGENCIES: STANDARD & POOR'S CORPORATION AND MOODY'S INVESTORS SERVICE. ELIGIBLE PARTICIPANTS IN THE PLAN CYCLE WILL RECEIVE PERFORMANCE UNITS THAT ARE CALCULATED AT 15% - 25% OF BASE PAY, DIVIDED BY THE TARGET OBJECTIVE, CURRENTLY $100. THE CEO'S PERFORMANCE UNITS ARE CALCULATED AT 25% OF HIS BASE PAY DIVIDED BY THE TARGET OBJECTIVE. THE COMMITTEE ALSO CONSIDERS PERQUISITES FOR THE CEO IN CONNECTION WITH ITS ANNUAL REVIEW OF THE CEO'S TOTAL COMPENSATION PACKAGE DESCRIBED ABOVE. THE PERQUISITES PROVIDED TO CFC'S CEO ARE LIMITED TO AN ANNUAL AUTOMOBILE ALLOWANCE AS WELL AS AN ANNUAL SPOUSAL AIR TRAVEL ALLOWANCE. TO PROVIDE THESE PERQUISITES IN AN EFFICIENT FASHION, THE BOARD AUTHORIZES AN ANNUAL ALLOWANCE RATHER THAN PROVIDING UNLIMITED REIMBURSEMENT OR USE OF A COMPANY-OWNED VEHICLE. THE AMOUNT OF EACH ALLOWANCE IS AUTHORIZED ANNUALLY BY THE BOARD AND IS DETERMINED BASED ON THE ESTIMATED COST FOR OPERATION AND MAINTENANCE OF AN AUTOMOBILE AND THE ANTICIPATED COST OF AIR TRAVEL BY THE CEO'S SPOUSE. ADDITIONALLY, CFC'S CEO MAY RECEIVE AN ANNUAL EXECUTIVE PHYSICAL PAID FOR BY CFC. THE COMMITTEE DELEGATES THE POWER TO REVIEW AND APPROVE ALL EMPLOYEE COMPENSATION TO THE CEO, WHO EXERCISES HIS JUDGMENT TO SET THE ANNUAL BASE PAY FOR THE OTHER EXECUTIVE OFFICERS AND KEY EMPLOYEES, AS WELL AS EACH EMPLOYEE BASED ON GENERAL MARKET DATA, OVERALL PERFORMANCE AND LEADERSHIP ACCOMPLISHMENTS. IN DETERMINING THE BASE COMPENSATION PAID TO CFC'S EXECUTIVE OFFICERS AND KEY EMPLOYEES, THE CEO REVIEWED NATIONAL,CREDIBLE COMPENSATION SURVEYS FOR FINANCIAL SERVICES ORGANIZATIONS OF SIMILAR ASSET SIZE TO OBTAIN A GENERAL UNDERSTANDING OF CURRENT COMPENSATION PRACTICES AND TO ENSURE THAT THE BASE PAY COMPONENT IS COMPETITIVE, MEANING GENERALLY WITHIN THE 50TH PERCENTILE OF COMPARATIVE PAY FOR SIMILAR POSITIONS. THE CEO DID NOT REVIEW OR CONSIDER THE UNDERLYING ORGANIZATIONS COMPRISING THE SURVEY INFORMATION, BUT INSTEAD CONSIDERED ONLY THE AGGREGATE COMPENSATION DATA. EACH EXECUTIVE OFFICER AND KEY EMPLOYEE IS ELIGIBLE TO PARTICIPATE IN CFC'S SHORT TERM AND LONG TERM INCENTIVE PLANS AS DESCRIBED ABOVE WITH RESPECT TO CFC'S CEO. CFC DOES NOT PROVIDE SIGNIFICANT PERQUISITES OR PERSONAL BENEFITS TO ITS EXECUTIVE OFFICERS OR KEY EMPLOYEES. |
| FORM 990, PART VI, SECTION C, LINE 19 | CFC'S ARTICLES OF INCORPORATION AND BYLAWS, AS AMENDED, AND ANNUAL AND PERIODIC FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC THROUGH THE SECURITIES AND EXCHANGE COMMISSION'S "SEC'S" WEBSITE. CFC'S ARTICLES OF INCORPORATION AND BYLAWS, AS AMENDED, ARE ALSO AVAILABLE ON CFC'S WEBSITE AT WWW.NRUCFC.COOP. CFC'S CONFLICT OF INTEREST POLICY, TITLED THE RELATED PERSONS TRANSACTIONS AND RELATED CREDITS POLICY, IS AVAILABLE ON CFC'S WEBSITE AT WWW.NRUCFC.COOP. CFC'S ARTICLES OF INCORPORATION ARE FILED AS EXHIBIT 3.1 TO ANNUAL REPORT ON FORM 10-K FOR THE YEAR ENDED MAY 31, 2014 (FILED AUGUST 28, 2014). CFC'S BYLAWS ARE FILED AS EXHIBIT 3.2 TO THE FORM 10-Q FOR THE QUARTER ENDED FEBRUARY 28, 2011, FILED ON APRIL 13, 2011. CFC'S ANNUAL AND PERIODIC FINANCIAL STATEMENTS ARE PERIODICALLY FILED WITH THE SEC ON FORM 10-K AND FORM 10-Q. |
| FORM 990, PART XI, LINE 9: | PATRONAGE CAPITAL DISTRIBUTION -40,564,180. OTHER COMPREHENSIVE INCOME -3,269,665. DERIVATIVE FORWARD VALUE 34,612,767. FUND 719,863. ROUNDING DIFFERENCE -1. |
| FORM 990, PART XI, LINE 2C | WHILE THERE IS NO SEPARATE AUDIT PERFORMED OF THE CFC FINANCIAL STATEMENTS, THE CFC FINANCIAL STATEMENTS ARE CONSOLIDATED WITH THE STATEMENTS OF NATIONAL COOPERATIVE SERVICES CORPORATION AND RURAL TELEPHONE FINANCE COOPERATIVE. THE CONSOLIDATED FINANCIAL STATEMENTS ARE AUDITED. CFC'S AUDIT COMMITTEE IS SOLELY RESPONSIBLE FOR THE NOMINATION, APPROVAL, COMPENSATION, EVALUATION AND DISCHARGE OF THE INDEPENDENT PUBLIC ACCOUNTANTS. THE INDEPENDENT REGISTERED PUBLIC ACCOUNTANTS REPORT DIRECTLY TO THE AUDIT COMMITTEE AND THE AUDIT COMMITTEE IS RESPONSIBLE FOR THE RESOLUTION OF DISAGREEMENTS BETWEEN MANAGEMENT AND THE INDEPENDENT REGISTERED PUBLIC ACCOUNTANTS. CONSISTENT WITH SEC REQUIREMENTS, THE AUDIT COMMITTEE HAS ADOPTED A POLICY TO PRE-APPROVE ALL AUDIT AND PERMISSIBLE NON-AUDIT SERVICES PROVIDED BY THE INDEPENDENT REGISTERED PUBLIC ACCOUNTANTS. THE POLICY PROVIDES THAT PRE-APPROVAL IS NOT REQUIRED FOR TAX COMPLIANCE AND TAX PLANNING AND ADVICE ENGAGEMENTS FOR CFC AND ITS AFFILIATES PROVIDED THE FEES OF EACH SUCH ENGAGEMENT ARE NOT MORE THAN FIVE PERCENT OF TOTAL REVENUES PAID TO THE INDEPENDENT PUBLIC ACCOUNTANTS AND DO NOT IMPAIR THEIR INDEPENDENCE. THE COMMITTEE MEETS WITH OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM, INTERNAL AUDITORS, CHIEF EXECUTIVE OFFICER AND FINANCIAL MANAGEMENT EXECUTIVES TO REVIEW THE SCOPE AND RESULTS OF AUDITS AND RECOMMENDATIONS MADE BY THOSE PERSONS WITH RESPECT TO INTERNAL AND EXTERNAL ACCOUNTING CONTROLS AND SPECIFIC ACCOUNTING AND FINANCIAL REPORTING ISSUES AND TO ASSESS CORPORATE RISK. THE BOARD HAS ADOPTED A WRITTEN CHARTER FOR THE AUDIT COMMITTEE WHICH MAY BE FOUND ON OUR WEBSITE, WWW.NRUCFC.COOP. THE PROCESS HAS NOT CHANGED FROM THE PRIOR PERIOD. |
| FORM 990, PART VI, QUESTION 16B | AS A LENDER, CFC, FROM TIME TO TIME, MAY HAVE TO FORECLOSE ON THE ASSETS OF A BORROWER. AS PART OF SUCH ACTIONS, THE COMPANY MAY RECEIVE INTERESTS IN JOINT VENTURES WITH TAXABLE ENTITIES. CFC TAKES SUCH INTERESTS ONLY IN ORDER TO MAXIMIZE ITS RECOVERY ON THE LOAN RECEIVABLE. CFC DOES NOT ENTER INTO JOINT VENTURES WITH TAXABLE ENTITIES AS PART OF ITS CORE LENDING BUSINESS. TO DATE, THE COMPANY'S INVESTMENT IN THESE JOINT VENTURES HAS BEEN NOMINAL. CFC HAS DEVELOPED A WRITTEN POLICY THAT REQUIRES THE COMPANY TO EVALUATE ITS PARTICIPATION IN JOINT VENTURE ARRANGEMENTS AND TAKE STEPS TO SAFEGUARD THE COMPANY'S 501(C)(4) TAX EXEMPT STATUS. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (6 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | End Of Year AssetsEndOfYearAssetsAmt | Direct Controlling NADirectControllingNACd | Business Name Line1DirectControllingEntityName/BusinessNameLine1 |
|---|---|---|---|---|---|---|---|---|---|
| CFC ADVANTAGE LLC | |||||||||
| C/O NRUCFC 20701 COOPERATIVE WAY | DULLES | VA | 20166 | 205755206 | BUY AND SELL LOANS | VA | $21,024 | N/A | |
| DENTON REALTY PARTNERS LP | |||||||||
| C/O NRUCFC 20701 COOPERATIVE WAY | DULLES | VA | 20166 | 062967876 | HOLDING COMPANY | DE | $7,268,002 | DENTON REALTY HOLDINGS LLC AND DENTON REALTY INVESTORS LLC | |
| DENTON REALTY HOLDINGS LLC | |||||||||
| C/O NRUCFC 20701 COOPERATIVE WAY | DULLES | VA | 20166 | 061673239 | HOLDING COMPANY | DE | N/A | ||
| DENTON REALTY INVESTORS LLC | |||||||||
| C/O NRUCFC 20701 COOPERATIVE WAY | DULLES | VA | 20166 | HOLDING COMPANY | DE | N/A | |||
| CARIBBEAN ASSET HOLDINGS LLC | |||||||||
| C/O NRUCFC 20701 COOPERATIVE WAY | DULLES | VA | 20166 | 264752447 | HOLDING COMPANY | DE | $295,355,000 | N/A | |
| DRP COUNTRY LAKES LLC | |||||||||
| C/O NRUCFC 20701 COOPERATIVE WAY | DULLES | VA | 20166 | 272847626 | OWN OPERATE MANAGE AND SELL IMPROVE REAL PROPERTY | TX | $0 | N/A | |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (13 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile Foreign CountryLegalDomicileForeignCountryCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1 | Entity TypeEntityTypeTxt | Share Of EOY AssetsShareOfEOYAssetsAmt | OwnershipOwnershipPct | Controlled OrganizationControlledOrganizationInd | Legal Domicile StateLegalDomicileStateCd | Share Of Total IncomeShareOfTotalIncomeAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DTR HOLDINGS LLC | |||||||||||||
| C/O CAH 20701 COOPERATIVE WAY | DULLES | VA | 20166 | 660728522 | HOLDING COMPANY | VQ | CARIBBEAN ASSET HOLDINGS LLC | C | $273,837,000 | 1.00000 | Yes (1) | ||
| VI POWERNET LLC | |||||||||||||
| C/O DTR HOLDINGS LLC 20701 COOPERAT | DULLES | VA | 20166 | 660728523 | INTERNET SERVICE | VQ | DTR HOLDINGS LLC | C | $22,440,000 | 1.00000 | Yes (1) | ||
| BVI ASSET HOLDINGS LLC | |||||||||||||
| C/O CAH 20701 COOPERATIVE WAY | DULLES | VA | 20166 | 264752636 | HOLDING COMPANY | CARIBBEAN ASSET HOLDINGS LLC | C | $7,369,000 | 1.00000 | Yes (1) | DE | ||
| STM ASSET HOLDINGS LLC | |||||||||||||
| C/O CAH 20701 COOPERATIVE WAY | DULLES | VA | 20166 | 264752724 | HOLDING COMPANY | CARIBBEAN ASSET HOLDINGS LLC | C | $13,974,000 | 1.00000 | Yes (1) | DE | ||
| CARIBBEAN COMMUNICATION CORP | |||||||||||||
| C/O DTR HOLDINGS LLC 20701 COOPERAT | DULLES | VA | 20166 | 670253554 | CABLE NETWORKS | VQ | DTR HOLDINGS LLC | C | $32,818,000 | 0.99500 | Yes (1) | $1,151,000 | |
| ST CROIX CABLE TV INC | |||||||||||||
| C/O DTR HOLDINGS LLC 20701 COOPERAT | DULLES | VA | 20166 | 660380487 | CABLE NETWORKS | VQ | DTR HOLDINGS LLC | C | $19,230,000 | 0.99500 | Yes (1) | ||
| ICC TV INC | |||||||||||||
| C/O DTR HOLDINGS LLC 20701 COOPERAT | DULLES | VA | 20166 | 669572552 | TELEVISION | VQ | DTR HOLDINGS LLC | C | $1,226,000 | 0.99500 | Yes (1) | ||
| VITELCOM CELLULAR INC | |||||||||||||
| C/O DTR HOLDINGS LLC 20701 COOPERAT | DULLES | VA | 20166 | 660449394 | WIRELESS SERVICE | VQ | DTR HOLDINGS LLC | C | $10,310,000 | 0.99500 | Yes (1) | ||
| VIRGIN ISLANDS TELEPHONE CORPORATION | |||||||||||||
| C/O DTR HOLDINGS LLC 20701 COOPERAT | DULLES | VA | 20166 | 670251357 | TELECOMMUNICATION | VQ | DTR HOLDINGS LLC | C | $181,591,000 | 1.00000 | Yes (1) | ||
| INNOVATIVE LONG DISTANCE INC | |||||||||||||
| C/O DTR HOLDINGS LLC 20701 COOPERAT | DULLES | VA | 20166 | 660591568 | TELECOMMUNICATION | VQ | DTR HOLDINGS LLC | C | $9,192,000 | 1.00000 | Yes (1) | ||
| GROUP B-200 INC | |||||||||||||
| C/O DTR HOLDINGS LLC 20701 COOPERAT | DULLES | VA | 20166 | 660732664 | AIRPLANE HOLDING CO. | VQ | DTR HOLDINGS LLC | C | $1,465,000 | 1.00000 | Yes (1) | ||
| BVI CABLE TV LTD | |||||||||||||
| C/O BVI ASSET HOLDINGS LLC 20701 CO | DULLES | VA | 20166 | 999999999 | CABLE NETWORKS | VI | BVI ASSET HOLDINGS LLC | $7,368,000 | 1.00000 | Yes (1) | |||
| CARRIBEAN TELEVIEW SERVICES NV | |||||||||||||
| C/O STM ASSET HOLDINGS LLC 20701 CO | DULLES | VA | 20166 | 999999999 | CABLE NETWORKS | VI | STM ASSET HOLDINGS LLC | $13,974,000 | 1.00000 | Yes (1) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | Yes (1) | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | Yes (1) | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (4 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| DTR HOLDINGS LLC | ||
| A | $375,000 | ACCRUAL |
| DTR HOLDINGS LLC | ||
| D | $5,233,000 | NET VALUE |
| BVI ASSET HOLDINGS LLC | ||
| A | $17,000 | ACCRUAL |
| STM ASSET HOLDINGS LLC | ||
| A | $13,000 | ACCRUAL |
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