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Nonprofit · EIN 56-6208927

NATIONAL RURAL ELECTRIC COOPERATIVE

Tax-exempt · ARLINGTON, VA 22203

Financials

$824.7M$764.5M2023$838.3M$844.1M2024
Revenue Expenses · by fiscal year end
Financials of NATIONAL RURAL ELECTRIC COOPERATIVE by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$838,293,694$844,136,338-$5,842,644$862,266,478$167,630,227$694,636,251
December 31, 2023990$824,688,034$764,466,134$60,221,900$777,585,780$166,722,018$610,863,762
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$848,189,531
Investment income
-$9,895,837
Net gain from sales of assets
-$28,134,921
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$805,354,568
Compensation of officers, directors and key employees
$69,168
Salaries, compensation and benefits (total)
$69,168
Professional fundraising fees
$0
Legal fees
$11,115
Accounting fees
$103,152
Depreciation
$741,888

Balance sheet and other

Total assets, start of year
$777,585,780
Total assets, end of year
$862,266,478
Total liabilities, end of year
$167,630,227
Net assets, end of year
$694,636,251
Land, buildings and equipment
$7,930,694
Publicly traded securities
$803,956,271
Gross unrelated business income
$19,625
Gross receipts
$2,324,731,062
Employees
0
Volunteers
0
Year formed
1978
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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
PETER BAXTERSENIOR VICE PRESIDENT
Trustee or director, Officer
20$0$1,235,344$139,737
MEL COLEMANVICE CHAIRMAN
Trustee or director, Officer
1$0$602,148$33,143
JENNIFER MEASONMEMBER (AS OF 03/24)
Trustee or director
1$0$338,630$175,370
BRYAN CASECHAIRMAN
Trustee or director, Officer
2$0$319,893$156,520
DAVID SPRADLINMEMBER
Trustee or director
2$0$299,811$170,040
GENE MORRISMEMBER (AS OF 03/24)
Trustee or director
1$0$91,682$0
STATE STREET CORPORATIONINSTITUTIONAL TRUSTEE
Institutional trustee
5$69,168$0$0
RANDALL KLEAVINGMEMBER (AS OF 03/24)
Trustee or director
2$0$54,800$0
LYNN JACOBSONMEMBER
Trustee or director
1$0$40,282$12,000
DON DOUGLASMEMBER
Trustee or director
1$0$41,750$0
JAMES WEBBMEMBER
Trustee or director
1$0$37,500$0
HUNTER EMORYVICE CHAIRMAN (THRU 03/24)
Trustee or director, Officer
1$0$0$0
STEVEN W WALTERMEMBER (THRU 03/24)
Trustee or director
1$0$0$0
TIMOTHY J SMITHMEMBER (THRU 03/24)
Trustee or director
1$0$0$0
990 for the year ended December 31, 2023: 11 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
PETER BAXTERSENIOR VICE PRESIDENT
Trustee or director, Officer
20$0$1,107,481$203,454
TIM SMITHMEMBER
Trustee or director
1$0$363,533$172,682
STEVEN W WALTERMEMBER
Trustee or director
1$0$304,246$171,295
MEL COLEMANMEMBER
Trustee or director
2$0$422,964$33,325
BRYAN CASECHAIRMAN
Trustee or director, Officer
2$0$294,003$123,372
DAVID SPRADLINMEMBER
Trustee or director
2$0$277,003$128,533
STATE STREET CORPORATIONINSTITUTIONAL TRUSTEE
Institutional trustee
5$53,247$0$0
LYNN JACOBSONMEMBER
Trustee or director
1$0$51,232$0
HUNTER EMORYVICE CHAIRMAN
Trustee or director, Officer
0$0$43,800$0
DON DOUGLASMEMBER
Trustee or director
0$0$29,000$0
JAMES WEBBMEMBER
Trustee or director
0$0$25,250$0

Address and contacts

Address (IRS master file)
4301 WILSON BOULEVARD, ARLINGTON, VA 22203-1860
In care of
% CHRISTINE MCCAMANTSR MGR AC
Principal officer (990 for 2024)
DIGNA LOUIS, 4301 WILSON BOULEVARD, ARLINGTON, VA 222031860
Signed the 990
DIGNA LOUIS, CFO
Phone
(703) 907-5960
Return prepared by
BDO USA

Mission

PROVIDE HEALTH AND WELFARE BENEFITS TO MEMBERS OF THE NATIONAL RURAL ELECTRIC COOPERATIVE ASSOCIATION AND ITS MEMBERS.

990 for the year ended December 31, 2024

Program accomplishments

  • TOTAL PROGRAM EXPENSES RELATED TO PROVIDING HEALTH AND WELFARE SERVICES TO MEMBERS.
    Expenses $844,136,338

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 December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
56-6208927
Tax-exempt status
501(c)(9): Voluntary employees' beneficiary association
Donations deductible
No
Exempt since
1980
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$862,266,478
Income (IRS master file)
$2,324,731,062

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$838,293,694$844,136,338$862,266,478XML
990December 2023$824,688,034$764,466,134$777,585,780XML
990December 2022$725,995,934$716,314,025$694,733,318IRS
990December 2021–––IRS
990December 2020–––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 56-6208927).

Questions about NATIONAL RURAL ELECTRIC COOPERATIVE

What is the EIN of NATIONAL RURAL ELECTRIC COOPERATIVE?
The employer identification number (EIN) of NATIONAL RURAL ELECTRIC COOPERATIVE is 56-6208927.
Is NATIONAL RURAL ELECTRIC COOPERATIVE tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 1980.
Are donations to NATIONAL RURAL ELECTRIC COOPERATIVE tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does NATIONAL RURAL ELECTRIC COOPERATIVE 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 ELECTRIC COOPERATIVE due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did NATIONAL RURAL ELECTRIC COOPERATIVE last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of NATIONAL RURAL ELECTRIC COOPERATIVE?
The 990 for the year ended December 31, 2024 names DIGNA LOUIS.
Who are the officers and directors of NATIONAL RURAL ELECTRIC COOPERATIVE?
The 990 for the year ended December 31, 2024 lists 14 people; 1 received compensation from the organization.
How much revenue does NATIONAL RURAL ELECTRIC COOPERATIVE have?
On its 990 for the year ended December 31, 2024 it reported revenue of $838,293,694, expenses of $844,136,338 and total assets of $862,266,478 at year end.

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