Nonprofit · EIN 52-0891669
NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP
Tax-exempt · DULLES, VA 20166
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990 | $2,071,222,273 | $1,836,035,643 | $235,186,630 | $38,295,081,990 | $35,206,469,341 | $3,088,612,649 |
| May 31, 2024 | 990 | $2,006,337,656 | $1,733,194,225 | $273,143,431 | $36,153,418,188 | $33,155,819,935 | $2,997,598,253 |
Financial details: 990 for the year ended May 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,054,726,116
- Investment income
- $9,044,902
- Net gain from sales of assets
- -$2,510,473
- Other revenue
- $7,451,255
Expenses
- Grants and similar amounts paid
- $1,124,281
- Compensation of officers, directors and key employees
- $13,897,620
- Other salaries and wages
- $42,022,817
- Salaries, compensation and benefits (total)
- $75,128,903
- Professional fundraising fees
- $0
- Legal fees
- $286,546
- Accounting fees
- $1,853,113
- Occupancy
- $3,078,589
- Travel
- $3,252,505
- Depreciation
- $12,615,127
- Program services (functional)
- $1,686,835,981
- Management and general (functional)
- $149,199,662
Balance sheet and other
- Total assets, start of year
- $36,153,418,188
- Total assets, end of year
- $38,295,081,990
- Total liabilities, end of year
- $35,206,469,341
- Net assets, end of year
- $3,088,612,649
- Land, buildings and equipment
- $81,667,224
- Publicly traded securities
- $124,915,007
- Gross receipts
- $2,187,984,733
- Employees
- 372
- Volunteers
- 0
- Year formed
- 1969
- State of legal domicile
- VA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended May 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JONATHAN ANDREW DON | CEO Officer | 70 | $2,551,220 | $270,040 |
| BRAD CAPTAIN | SVP & CHIEF CORPORATE AFFAIRS OFFICER Officer | 55 | $603,563 | $528,875 |
| JOEL ALLEN | SVP AND CHIEF BANKING OFFICER Officer | 55 | $673,366 | $304,657 |
| YU LING WANG | SVP & CFO Officer | 65 | $650,311 | $212,710 |
| GARY A BRADBURY | SVP & CHIEF OPERATING OFFICER Officer | 55 | $570,156 | $188,356 |
| JILL MAISON | SVP & CHIEF RELATIONSHIP MANAGEMENT OFFICER Officer | 55 | $500,392 | $230,514 |
| GHOLAM M SALEH | SVP & CHIEF RISK OFFICER Officer | 70 | $561,488 | $101,622 |
| JOHN FREDERICK SUTER | VP, ECONOMIC RESEARCH Highest-paid employee | 40 | $397,289 | $217,099 |
| RICHARD PERREAULT UNTIL 62025 | VP AND CIO Key employee | 40 | $475,066 | $122,891 |
| NATHAN HOWARD | SVP & GENERAL COUNSEL Officer | 55 | $495,932 | $59,124 |
| AMY S LUONGO | SVP, STRATEGIC SERVICES Officer | 50 | $424,006 | $95,790 |
| DAVID W OLAH | VP, PORTFOLIO MANAGEMENT Key employee | 50 | $398,184 | $109,236 |
| LAWRENCE SAUNDERS | VP, CREDIT RISK MANAGEMENT Highest-paid employee | 50 | $391,540 | $112,070 |
| JONATHAN J POLETTI | DIRECTOR, INFO. SYSTEMS & DEPUTY CIO Highest-paid employee | 40 | $367,855 | $122,184 |
| W DANIEL CAWOOD | VP, PORTFOLIO MANAGEMENT Key employee | 50 | $363,798 | $122,396 |
32 more people on this return
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PANKAJ SHAH | VP, CHIEF ACCOUNTING OFFICER Highest-paid employee | 55 | $370,001 | $60,174 |
| KIMBERLY MILLER | VP AND DEPUTY GENERAL COUNSEL Highest-paid employee | 50 | $359,714 | $57,344 |
| ANDREW COLEMAN | VP, PORTFOLIO MANAGEMENT Key employee | 45 | $339,075 | $66,487 |
| VU LY | VP, CAPITAL MARKETS Key employee | 50 | $296,677 | $86,315 |
| HEESUN CHOI | VP, CAPITAL MARKETS RELATIONS Key employee | 40 | $285,983 | $58,500 |
| AAMER ARSHAD | VP, PORTFOLIO MANAGEMENT Key employee | 40 | $239,721 | $52,730 |
| MATTHEW AUGUSTOSKY | VP, PORTFOLIO MANAGEMENT Key employee | 50 | $245,738 | $16,026 |
| GORDON ANTHONY NORTON | PRESIDENT Trustee or director | 17 | $95,000 | $0 |
| MARK SUGGS | VICE PRESIDENT Trustee or director | 10 | $95,000 | $0 |
| BRENT MCRAE | SECRETARY TREASURER Trustee or director | 5 | $92,917 | $0 |
| BARBARA E HAMPTON | DIRECTOR Trustee or director | 6 | $90,000 | $0 |
| WILLIAM KEITH HAYWARD | DIRECTOR Trustee or director | 5 | $90,000 | $0 |
| SHANE LUCAS LARSON | DIRECTOR Trustee or director | 8 | $87,917 | $0 |
| JEFFREY A REHDER | DIRECTOR Trustee or director | 8 | $87,917 | $0 |
| TIMOTHY S ELDRIDGE | DIRECTOR Trustee or director | 7 | $87,083 | $0 |
| CHARLES ABEL II | DIRECTOR Trustee or director | 4 | $85,000 | $0 |
| ANTHONY ANDERSON UNTIL 32025 | FORMER DIRECTOR Trustee or director | 4 | $85,000 | $0 |
| THOMAS A BAILEY | DIRECTOR Trustee or director | 6 | $85,000 | $0 |
| DONALD BIDEGAIN | DIRECTOR Trustee or director | 3 | $85,000 | $0 |
| JARED ECHTERNACH | DIRECTOR Trustee or director | 10 | $85,000 | $0 |
| DARICK EISENBRAUN | DIRECTOR Trustee or director | 8 | $85,000 | $0 |
| BRUCE EVERHART | DIRECTOR Trustee or director | 10 | $85,000 | $0 |
| DENNIS R FULK | DIRECTOR Trustee or director | 10 | $85,000 | $0 |
| MICHAEL J HEINEN | DIRECTOR Trustee or director | 3 | $85,000 | $0 |
| BRADLEY P JANORSCHKE | DIRECTOR Trustee or director | 6 | $85,000 | $0 |
| ANTHONY LARSON | DIRECTOR Trustee or director | 12 | $85,000 | $0 |
| JOHN METCALF | DIRECTOR Trustee or director | 6 | $85,000 | $0 |
| KENDALL J MONTGOMERY | DIRECTOR Trustee or director | 11 | $85,000 | $0 |
| TERRY MICHAEL PARTIN | DIRECTOR Trustee or director | 10 | $75,000 | $0 |
| JOHN BARTLEY START 62024 | DIRECTOR Trustee or director | 5 | $52,500 | $0 |
| DAVID E FELKEL UNTIL 62024 | FORMER DIRECTOR Trustee or director | 5 | $36,667 | $0 |
| JEANETTE INGRID KESSLER | DIRECTOR (START 3/2025) Trustee or director | 3 | $0 | $0 |
990 for the year ended May 31, 2024: 47 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JONATHAN ANDREW DON | CEO Officer | 70 | $2,331,689 | $274,645 |
| BRAD CAPTAIN | SVP & CHIEF CORPORATE AFFAIRS OFFICER Officer | 55 | $580,621 | $511,155 |
| JOEL ALLEN | SVP AND CHIEF BANKING OFFICER Officer | 50 | $644,417 | $268,874 |
| YU LING WANG | SVP & CFO Officer | 75 | $609,887 | $192,003 |
| GARY A BRADBURY | SVP & COO Officer | 55 | $522,603 | $158,321 |
| GHOLAM M SALEH | SVP & CHIEF RISK OFFICER Officer | 70 | $544,701 | $93,567 |
| JILL MAISON | SVP, RELATIONSHIP MANAGEMENT Officer | 50 | $458,374 | $146,509 |
| JOHN FREDERICK SUTER | VP, ECONOMIC RESEARCH Highest-paid employee | 40 | $383,683 | $193,055 |
| RICHARD PERREAULT | VP AND CIO Key employee | 40 | $466,171 | $109,872 |
| NATHAN HOWARD | SVP & GEN COUNSEL Officer | 55 | $452,434 | $46,369 |
| DAVID W OLAH | VP, PORTFOLIO MANAGEMENT Key employee | 50 | $384,849 | $106,247 |
| AMY S LUONGO | VP, PORTFOLIO MGMT & LOAN SERVICES Key employee | 50 | $401,296 | $88,686 |
| LAWRENCE SAUNDERS | VP, CREDIT RISK MANAGEMENT Highest-paid employee | 50 | $364,763 | $108,474 |
| JONATHAN J POLETTI | DIRECTOR, INFO. SYSTEMS & DEPUTY CIO Highest-paid employee | 40 | $358,105 | $112,063 |
| W DANIEL CAWOOD | VP, PORTFOLIO MANAGEMENT Key employee | 50 | $346,250 | $114,461 |
| ANDREW COLEMAN | VP, PORTFOLIO MANAGEMENT Key employee | 44 | $329,586 | $61,497 |
| KIMBERLY MILLER | ASSISTANT GENERAL COUNSEL Highest-paid employee | 50 | $331,794 | $57,753 |
| PANKAJ SHAH | VP AND CONTROLLER Highest-paid employee | 65 | $343,743 | $38,539 |
| VU LY | VP, CAPITAL MARKETS Key employee | 60 | $285,518 | $80,828 |
| HEESUN CHOI | VP, CAPITAL MARKETS RELATIONS Key employee | 40 | $248,020 | $48,905 |
| DAVID E FELKEL | PRESIDENT Trustee or director, Officer | 5 | $70,000 | $0 |
| G ANTHONY NORTON | VICE PRESIDENT Trustee or director, Officer | 17 | $70,000 | $0 |
| MARK A SUGGS | SECRETARY TREASURER Trustee or director, Officer | 6 | $67,917 | $0 |
| BARBARA E HAMPTON | DIRECTOR Trustee or director | 6 | $65,000 | $0 |
| TIMOTHY ELDRIDGE | DIRECTOR Trustee or director | 6 | $62,917 | $0 |
| WILLIAM KEITH HAYWARD | DIRECTOR Trustee or director | 13 | $62,917 | $0 |
| BRENT MCRAE | DIRECTOR Trustee or director | 8 | $62,917 | $0 |
| DENNIS FULK | DIRECTOR Trustee or director | 10 | $62,500 | $0 |
| BRADLEY P JANORSCHKE | DIRECTOR Trustee or director | 6 | $62,500 | $0 |
| ANTHONY LARSON | DIRECTOR Trustee or director | 10 | $60,000 | $0 |
| ANTHONY A ANDERSON | DIRECTOR Trustee or director | 4 | $60,000 | $0 |
| THOMAS A BAILEY | DIRECTOR Trustee or director | 6 | $60,000 | $0 |
| JARED ECHTERNACH | DIRECTOR Trustee or director | 8 | $60,000 | $0 |
| MICHAEL HEINEN | DIRECTOR Trustee or director | 3 | $60,000 | $0 |
| JOHN METCALF | DIRECTOR Trustee or director | 6 | $60,000 | $0 |
| KENDALL MONTGOMERY | DIRECTOR Trustee or director | 9 | $60,000 | $0 |
| JEFFREY ALLEN REHDER | DIRECTOR Trustee or director | 3 | $60,000 | $0 |
| CHARLES A ABEL II | DIRECTOR Trustee or director | 5 | $60,000 | $0 |
| SHANE LUCAS LARSON | DIRECTOR Trustee or director | 5 | $60,000 | $0 |
| BRUCE ANTHONY EVERHART | DIRECTOR Trustee or director | 4 | $60,000 | $0 |
| JOSEPH D MARTIN | DIRECTOR (THRU 3/24) Trustee or director | 2 | $50,000 | $0 |
| BRUCE A VITOSH | DIRECTOR (THRU 6/23) Trustee or director | 10 | $35,000 | $0 |
| DONALD BIDEGAIN | DIRECTOR Trustee or director | 2 | $35,000 | $0 |
| DARICK EISENBRAUN | DIRECTOR Trustee or director | 5 | $35,000 | $0 |
| MARSHA L THOMPSON | DIRECTOR (THRU 6/23) Trustee or director | 11 | $30,000 | $0 |
| CHRIS CHRISTENSEN | FORMER DIRECTOR (THRU 3/23) Trustee or director | 1 | $15,000 | $0 |
| MICHAEL PARTIN | DIRECTOR Trustee or director | 0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 20701 COOPERATIVE WAY, DULLES, VA 20166-6691
- Principal officer (990 for 2024)
- JONATHAN ANDREW DON, 20701 COOPERATIVE WAY, DULLES, VA 20166
- Signed the 990
- JONATHOAN ANDREW DON, CEO
- Phone
- (703) 467-1800
- Website
- WWW.NRUCFC.COOP
- Return prepared by
- KPMG LLP
Mission
TO BRIDGE THE FINANCIAL NEEDS OF THE RURAL ELECTRIC NETWORK WITH THE EXPECTATIONS OF THE GLOBAL CAPITAL MARKETS, ONE COOPERATIVE AT A TIME.
Program accomplishments
- 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 ARATE 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 TERRITORIESSERVICED 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.Expenses $1,685,714,700 · grants $3,000 · revenue $2,061,913,124
- 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.Expenses $1,049,909 · grants $1,049,909
- 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.Expenses $71,372 · grants $71,372 · revenue $264,247
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | Not on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990 on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990 on file |
IRS record
- EIN
- 52-0891669
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1969
- Accounting year ends
- May
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $38,295,081,990
- Income (IRS master file)
- $2,187,984,733
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | May 2025 | $2,071,222,273 | $1,836,035,643 | $38,295,081,990 | XML |
| 990 | May 2024 | $2,006,337,656 | $1,733,194,225 | $36,153,418,188 | XML |
| 990 | May 2023 | $1,630,263,995 | $1,378,195,724 | $33,983,672,971 | IRS |
| 990 | May 2022 | – | – | – | IRS |
| 990 | May 2021 | – | – | – | IRS |
| 990 | May 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 52-0891669).
Questions about NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP
- What is the EIN of NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP?
- The employer identification number (EIN) of NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP is 52-0891669.
- Is NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1969.
- Are donations to NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP due?
- The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended May 2025.
- Who is the principal officer of NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP?
- The 990 for the year ended May 31, 2025 names JONATHAN ANDREW DON.
- Who are the officers and directors of NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP?
- The 990 for the year ended May 31, 2025 lists 47 people; 46 received compensation from the organization, the highest $2,551,220 (JONATHAN ANDREW DON, CEO).
- How much revenue does NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP have?
- On its 990 for the year ended May 31, 2025 it reported revenue of $2,071,222,273, expenses of $1,836,035,643 and total assets of $38,295,081,990 at year end.
Other nonprofits in DULLES
- TIS LTD EIN 98-0399712 · last filed 990 for 2025
- ASSOCIATED BUILDERS & CONTRACTORS INC EIN 54-0836531 · last filed 990 for 2024
- DULLES SOUTH FOOD PANTRY EIN 47-2847067 · last filed 990 for 2025
- WASHINGTON AIRPORTS TASK FORCE EIN 62-1135981 · last filed 990 for 2025
- ANDREAS FAMILY FOUNDATION EIN 54-1691040 · last filed 990-PF for 2024
- COMMITTEE FOR DULLES EIN 52-1384239 · last filed 990 for 2026
- COMMITTEE FOR DULLES COMMUNITY OUTREACH EIN 46-0847743 · last filed 990-EZ for 2025
- BRENDA B MACDONALD MELANOMA FOUNDATION EIN 20-3498814 · last filed 990-PF for 2025