NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP: Form 990, tax year 2015
View the entire original 990 at ProPublica ↗
- Organization
- NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP (EIN 52-0891669)
- Tax period
- 2015-06-01 to 2016-05-31
- Filed
- 2016-12-15
- IRS object ID
- 201633509349300803
- Schema version
- 2015v2.1
- 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 | 2016-12-15T10:02:32-06:00 | ReturnTs |
| Tax Period End | 2016-05-31 | 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 | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1676 INTERNATIONAL DRIVE | AddressLine1Txt |
| City | MCLEAN | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 22102 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2015-06-01 | 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 | BusinessNameLine1Txt |
| Business Name Line2 | FINANCE CORPORATION | BusinessNameLine2Txt |
| 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 | AddressLine1Txt |
| City | DULLES | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 20166 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | SHELDON PETERSEN | PersonNm |
| Person Title | GOVERNOR AND CEO | PersonTitleTxt |
| Phone | 7034671800 | PhoneNum |
| Signature | 2016-12-15 | SignatureDt |
| Discuss With Paid Preparer | 0 | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | NANCY T MURPHY | PreparerPersonNm |
| PTIN | P00482451 | PTIN |
| Phone | 7032868000 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2015 | TaxYr |
| Build TS | 2017-02-10 21:41:12Z | 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 | AddressLine1Txt |
| City | DULLES | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 20166 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $1,165,142,533 | 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 | 274 | 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 | $1,116,024,363 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $1,151,024,902 | CYProgramServiceRevenueAmt |
| PY Investment Income | $7,906,316 | PYInvestmentIncomeAmt |
| CY Investment Income | $8,189,026 | CYInvestmentIncomeAmt |
| PY Other Revenue | $5,091,249 | PYOtherRevenueAmt |
| CY Other Revenue | $5,413,153 | CYOtherRevenueAmt |
| PY Total Revenue | $1,129,021,928 | PYTotalRevenueAmt |
| CY Total Revenue | $1,164,627,081 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $3,018,563 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $2,330,061 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $44,083,522 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $44,950,187 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $989,305,939 | PYOtherExpensesAmt |
| CY Other Expenses | $947,593,738 | CYOtherExpensesAmt |
| PY Total Expenses | $1,036,408,024 | PYTotalExpensesAmt |
| CY Total Expenses | $994,873,986 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $92,613,904 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $169,753,095 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $22,836,360,828 | TotalAssetsBOYAmt |
| Total Assets EOY | $24,218,773,492 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $21,945,902,386 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $23,421,345,166 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $890,458,442 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $797,428,326 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | SEE SCHEDULE OTO 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 FORMED 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 | $911,821,351 | ExpenseAmt |
| Grant | $2,330,061 | GrantAmt |
| Revenue | $1,156,438,055 | RevenueAmt |
| Desc | LENDING SERVICESCFC PROVIDES LOANS TO ITS MEMBERS, RURAL ELECTRIC COOPERATIVES AND THEIR RELATED ORGANIZATIONS, AND GENERATES INTEREST INCOME FROM THESE LOANS. TO FUND ITS LENDING SERVICES, CFC RAISES FUNDS IN THE CAPITAL MARKETS OR PRIVATE THIRD PARTY TRANSACTIONS AND PAYS A RATE OF RETURN COMMENSURATE WITH CURRENT ECONOMIC CONDITIONS FOR THE USE OF THOSE FUNDS. THESE RAISED FUNDS PERMIT CFC TO MEET THE BORROWING NEEDS OF ITS MEMBERS SO THEY CAN CONTINUE TO PROVIDE ELECTRIC AND POWER SERVICE TO THE CONSUMERS AND BUSINESSES IN THE RURAL TERRITORIES SERVICED BY THOSE MEMBERS/BORROWERS. CFC OPERATES IN SUCH MANNER TO OBTAIN FUNDING BASED ON COST AVAILABLE TO IT AND PASSES THE COSTS AND RESULTING SAVINGS ALONG TO ITS BORROWERS. SEE SCHEDULE O FOR FUTHER INFORMATION.AS CFC IS A COOPERATIVE FORMED UNDER THE LAWS OF THE DISTRICT OF COLUMBIA, THE COMPANY IS REQUIRED TO ALLOCATE A PORTION OF ITS NET EARNINGS TO AN EDUCATIONAL FUND. CFC'S BYLAWS REQUIRE THAT IT ALLOCATE A MINIMUM OF 1/4 OF 1% OF ITS NET EARNINGS TO AN EDUCATIONAL FUND IN ORDER 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.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")FOR THE FISCAL YEAR ENDED MAY 31, 2016. DURING FISCAL YEAR 2016, THE OPERATING COMPANIES OF CFC'S WHOLLY OWNED SUBSIDIARY CAH, HAD A $8,979,216 LOSS FROM OPERATIONS AND IMPAIRMENT. OPERATIONS INCLUDE TELECOMMUNICATIONS AND CABLE TELEVISION SERVICES IN THE U.S. VIRGIN ISLANDS, BRITISH VIRGIN ISLANDS AND ST. MAARTEN. | Desc |
| Total Program Service Expenses | $911,821,351 | 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 | 0 | 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 | 60 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 274 | 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 |
| Foreign Country | NN | ForeignCountryCd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| 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 | Yes (1) | 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 | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 7034671800 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 20701 COOPERATIVE WAY | AddressLine1Txt |
| City | DULLES | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 20166 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (47 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| MIKE CAMPBELL | ||||||||
| VICE PRESIDENT-DIRECTOR | 10.00 | Yes (X) | Yes (X) | $56,500 | $0 | $0 | ||
| HARRY NPARK | ||||||||
| SECRETARY-TREASURER | 15.00 | Yes (X) | Yes (X) | $51,500 | $0 | $0 | ||
| RAY BEAVERS UNTIL 32016 | ||||||||
| PRESIDENT-DIRECTOR | 10.00 | Yes (X) | Yes (X) | $57,500 | $0 | $0 | ||
| RGRANT CLAWSON | ||||||||
| PRESIDENT-DIRECTOR | 9.50 | Yes (X) | Yes (X) | $57,500 | $0 | $0 | ||
| KIRK A THOMPSON | ||||||||
| DIRECTOR | 8.00 | Yes (X) | $51,500 | $0 | $0 | |||
| PATRICK L BRIDGES | ||||||||
| DIRECTOR | 3.00 | Yes (X) | $51,500 | $0 | $0 | |||
| MEL COLEMAN | ||||||||
| DIRECTOR | 6.00 | Yes (X) | $51,500 | $0 | $0 | |||
| ROMAN EGILLEN | ||||||||
| DIRECTOR | 8.00 | Yes (X) | $51,500 | $0 | $0 | |||
| ROBERT MHILL | ||||||||
| DIRECTOR | 12.00 | Yes (X) | $51,500 | $0 | $0 | |||
| CURTIN RRAKESTRAW II | ||||||||
| DIRECTOR | 15.00 | Yes (X) | $51,500 | $0 | $0 | |||
| KENT D FARMER | ||||||||
| DIRECTOR | 8.00 | Yes (X) | $51,500 | $0 | $0 | |||
| THOMAS L HAYES | ||||||||
| DIRECTOR | 10.00 | Yes (X) | $51,500 | $0 | $0 | |||
| LYLE KORVER UNTIL 32016 | ||||||||
| DIRECTOR | 6.00 | Yes (X) | $51,500 | $0 | $0 | |||
| STEPHEN C VAIL | ||||||||
| DIRECTOR | 7.00 | Yes (X) | $51,500 | $0 | $0 | |||
| PHILLIP A CARSON | ||||||||
| DIRECTOR | 4.00 | Yes (X) | $43,500 | $0 | $0 | |||
| DOYLE JAY HANSON | ||||||||
| DIRECTOR | 3.00 | Yes (X) | $43,500 | $0 | $0 | |||
| JIMMY A LAFOY | ||||||||
| DIRECTOR | 9.20 | Yes (X) | $43,500 | $0 | $0 | |||
| BRADLEY J SCHARDIN | ||||||||
| DIRECTOR | 6.00 | Yes (X) | $43,500 | $0 | $0 | |||
| MARK D SNOWDEN | ||||||||
| DIRECTOR | 3.00 | Yes (X) | $43,500 | $0 | $0 | |||
| DEAN R TESCH | ||||||||
| DIRECTOR | 11.00 | Yes (X) | $43,500 | $0 | $0 | |||
| TODD P WARE | ||||||||
| DIRECTOR | 4.00 | Yes (X) | $43,500 | $0 | $0 | |||
| GREGORY D WILLIAMS | ||||||||
| DIRECTOR | 7.00 | Yes (X) | $43,500 | $0 | $0 | |||
| ROBERT BROCKMAN BEGIN 102015 | ||||||||
| DIRECTOR | 9.00 | Yes (X) | $13,750 | $0 | $0 | |||
| DEBRA L ROBINSON BEGIN 32016 | ||||||||
| DIRECTOR | 4.00 | Yes (X) | $0 | $0 | $0 | |||
| ALAN W WATTLES BEGIN 32016 | ||||||||
| DIRECTOR | 3.00 | Yes (X) | $0 | $0 | $0 | |||
| SHELDON C PETERSEN | ||||||||
| GOVERNOR AND CEO | 62.00 | Yes (X) | $1,900,960 | $0 | $102,095 | |||
| JOHN T EVANS | ||||||||
| EVP & COO | 61.00 | Yes (X) | $767,010 | $0 | $110,104 | |||
| STEVEN L LILLY | ||||||||
| SVP, SPECIAL ASSET MANAGEMENT | 67.00 | Yes (X) | $564,832 | $0 | $83,417 | |||
| JONATHON ANDREW DON | ||||||||
| SVP AND CFO | 65.00 | Yes (X) | $530,942 | $0 | $228,117 | |||
| ROBERTA B ARONSON | ||||||||
| SVP AND GENERAL COUNSEL | 50.00 | Yes (X) | $441,640 | $0 | $166,438 | |||
| JOEL ALLEN | ||||||||
| SVP, MEMBER SERVICES GROUP | 50.00 | Yes (X) | $341,967 | $0 | $136,950 | |||
| JOHN M BORAK | ||||||||
| SVP, CREDIT RISK MANAGEMENT | 62.00 | Yes (X) | $340,816 | $0 | $92,885 | |||
| ROBIN REED | ||||||||
| SVP, MEMBER SERVICES GROUP | 60.00 | Yes (X) | $333,381 | $0 | $121,115 | |||
| STEVEN M KETTLER | ||||||||
| SVP, STRATEGIC SERVICES | 66.00 | Yes (X) | $327,917 | $0 | $130,402 | |||
| GRACEANN CLENDENEN | ||||||||
| SVP, CORPORATE SERVICES | 50.00 | Yes (X) | $323,533 | $0 | $202,108 | |||
| BRAD CAPTAIN | ||||||||
| SVP, CORPORATE RELATIONS | 55.00 | Yes (X) | $302,305 | $0 | $76,837 | |||
| GREGORY STARHEIM | ||||||||
| SVP, BUSINESS & INDUSTRY DEVELOPMENT | 60.00 | Yes (X) | $279,554 | $0 | $48,303 | |||
| JOHN J LIST UNTIL 915 | ||||||||
| SVP, CHIEF LENDING OFFICER | 59.00 | Yes (X) | $547,215 | $0 | $27,426 | |||
| DANIEL W CAWOOD | ||||||||
| VP, PORTFOLIO MANAGEMENT | 50.00 | $293,388 | $0 | $23,431 | Yes (X) | |||
| LAWRENCE SAUNDERS | ||||||||
| VP, PORTFOLIO MANAGEMENT | 50.00 | $290,407 | $0 | $57,727 | Yes (X) | |||
| BRUCE E MACNEIL | ||||||||
| VP, CAPITAL MARKET FUNDING | 45.00 | $265,422 | $0 | $54,844 | Yes (X) | |||
| AMY S LUONGO | ||||||||
| VP, PORTFOLIO MANAGEMENT | 45.00 | $249,378 | $0 | $57,828 | Yes (X) | |||
| ALLYN J AMATO | ||||||||
| VP AND DEPUTY GENERAL COUNSEL | 48.00 | $326,171 | $0 | $130,636 | Yes (X) | |||
| RICHARD PERREAULT | ||||||||
| VP AND CIO | 40.00 | $310,255 | $0 | $45,515 | Yes (X) | |||
| KRISHNA MURTHY | ||||||||
| VP, ELECTRIC AND ENERGY INDUSTRY ANALYSIS | 45.00 | $300,258 | $0 | $93,648 | Yes (X) | |||
| ROBERT E GEIER JR | ||||||||
| VP AND CONTROLLER | 60.00 | $298,047 | $0 | $93,349 | Yes (X) | |||
| JOHN FREDERICK SUTER | ||||||||
| VP, CAPITAL MARKET RESEARCH AND ANALYSIS | 51.00 | $295,848 | $0 | $118,572 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $10,730,996 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $2,201,747 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 142 | 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/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| NORTON ROSE FULBRIGHT US LLP | |||||
| PO BOX 844284 | DALLAS | TX | 752844284 | ATTORNEY FEES | $1,536,651 |
| KPMG LLP | |||||
| DEPT 0970 PO BOX 120970 | DALLAS | TX | 753120970 | AUDITOR | $1,504,336 |
| CASSIOPAE US INC | |||||
| 224 MAIN STREET STE 3A | SALEM | NH | 03079 | IT CONSULTANTS | $1,400,732 |
| MOODY'S INVESTOR SERVICE | |||||
| PO BOX 102597 | ATLANTA | GA | 303680597 | INVESTOR SERVICES | $985,000 |
| HOGAN LOVELLS US LLP | |||||
| 555 13TH ST NW | WASHINGTON | DC | 200041109 | ATTORNEY FEES | $861,114 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 36 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| INTEREST FROM PSA | 522299 | $992,594,031 | $992,594,031 |
| DERIVATIVE CASH SETTLEMENTS | 522299 | $136,251,933 | $136,251,933 |
| OTHER INCOME-LOAN FEES | 522299 | $21,164,195 | $21,164,195 |
| RECOVERY FOR LOSSES | 522299 | $1,014,743 | $1,014,743 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $1,151,024,902 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $8,646,658 | TotalRevenueColumnAmt |
| Exclusion | $8,646,658 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $57,820 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $515,452 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | -$457,632 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$457,632 | TotalRevenueColumnAmt |
| Exclusion | -$457,632 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| MANAGEMENT FEES | 522299 | $4,504,000 | $4,504,000 |
| INTEGRITY FUND COLLECTIONS FROM M | 522299 | $909,153 | $909,153 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $5,413,153 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,164,627,081 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,156,438,055 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $8,189,026 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,330,061 | TotalAmt |
| Program Services | $2,330,061 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,220,470 | TotalAmt |
| Management And General | $7,220,470 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $28,208,255 | TotalAmt |
| Management And General | $28,208,255 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,017,135 | TotalAmt |
| Management And General | $5,017,135 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,532,581 | TotalAmt |
| Management And General | $2,532,581 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,971,746 | TotalAmt |
| Management And General | $1,971,746 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $809,270 | TotalAmt |
| Management And General | $809,270 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,369,195 | TotalAmt |
| Management And General | $1,369,195 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,715,013 | TotalAmt |
| Management And General | $8,715,013 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $854,803 | TotalAmt |
| Management And General | $854,803 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,055,468 | TotalAmt |
| Management And General | $1,055,468 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,530,654 | TotalAmt |
| Management And General | $3,530,654 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,889,200 | TotalAmt |
| Management And General | $2,889,200 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,859,308 | TotalAmt |
| Management And General | $2,859,308 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,684,912 | TotalAmt |
| Management And General | $4,684,912 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $902,228,308 | TotalAmt |
| Program Services | $902,228,308 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,326,621 | TotalAmt |
| Management And General | $7,326,621 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $704,918 | TotalAmt |
| Management And General | $704,918 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| FORECLOSED ASSETS | $6,899,161 | $6,899,161 | |
| BANK FEES | $360,225 | $360,225 | |
| DUES, SUBSCRIPTIONS & R | $358,957 | $358,957 | |
| LOSS ON EARLY EXTINGUIS | $333,000 | $333,000 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,614,725 | TotalAmt |
| Program Services | $30,821 | ProgramServicesAmt |
| Management And General | $2,583,904 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $994,873,986 | TotalAmt |
| Program Services | $911,821,351 | ProgramServicesAmt |
| Management And General | $83,052,635 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $60,261,568 | BOYAmt |
| EOY | $58,222,228 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $173,756,977 | BOYAmt |
| EOY | $149,062,209 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $193,423,588 | BOYAmt |
| EOY | $161,415,450 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,408,033,881 | BOYAmt |
| EOY | $23,089,635,112 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,468,975 | BOYAmt |
| EOY | $6,000,341 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $148,154,797 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $35,592,356 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $110,539,822 | BOYAmt |
| EOY | $112,562,441 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $32,321,875 | BOYAmt |
| EOY | $33,690,365 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $537,150,000 | BOYAmt |
| EOY | $394,250,000 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $116,507,001 | BOYAmt |
| EOY | $102,967,376 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $198,897,141 | BOYAmt |
| EOY | $110,967,970 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,836,360,828 | BOYAmt |
| EOY | $24,218,773,492 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,266,801,643 | BOYAmt |
| EOY | $3,089,268,167 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $75,579,597 | BOYAmt |
| EOY | $75,394,170 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,708,727,153 | BOYAmt |
| EOY | $14,347,801,230 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,470,256,315 | BOYAmt |
| EOY | $5,299,823,893 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $424,537,678 | BOYAmt |
| EOY | $609,057,706 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,945,902,386 | BOYAmt |
| EOY | $23,421,345,166 | 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 | $976,000 | BOYAmt |
| EOY | $974,200 | 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 | $889,482,442 | BOYAmt |
| EOY | $796,454,126 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $890,458,442 | BOYAmt |
| EOY | $797,428,326 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,836,360,828 | BOYAmt |
| EOY | $24,218,773,492 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $169,753,095 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $3,468,490 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$266,251,701 | 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 | $14,051,198 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $23,795,972 | OtherCostOrOtherBasisAmt |
| Book Value | $37,847,170 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $55,611,244 | OtherCostOrOtherBasisAmt |
| Depreciation | $11,751,390 | DepreciationAmt |
| Book Value | $43,859,854 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $54,696,383 | OtherCostOrOtherBasisAmt |
| Depreciation | $23,840,966 | DepreciationAmt |
| Book Value | $30,855,417 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $112,562,441 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (5 entries)
| DescDesc | AmtAmt |
|---|---|
| GUARANTEE LIABILITY | $17,108,010 |
| OTHER ACCRUED EXPENSES | $11,986,240 |
| CREDIT LOSSES ALLOWANCE | $108,000 |
| MEMB APP FEES-MEMBERSHIP APPL | $1,000 |
| DERIVATIVE LIABILITY | $579,854,456 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $609,057,706 | 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 | $102,967,376 | 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 | $102,967,376 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $102,967,376 | 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, LINE 3 COLUMN (F) | FormAndLineReferenceDesc |
| Explanation | CFC FOLLOWS U.S. GAAP ACCOUNTING. THE AMOUNT 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 DOES 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 (74 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|
| AMICALOLA ELECTRIC MEMBERSHIP CORP | |||||||
| 544 HIGHWAY 515 SOUTH | JASPER | GA | 30143 | 580140201 | 501(C)(12) | $6,430 | INTEGRITY FUND - TERRITORY THREAT |
| BALDWIN COUNTY ELECTRIC MEMBERSHIP CORPORATION | |||||||
| PO BOX 220 | SUMMERDALE | AL | 365800220 | 630014658 | 501(C)(12) | $25,000 | INTEGRITY FUND - TERRITORY THREAT |
| BENCO ELECTRIC COOPERATIVE | |||||||
| PO BOX 8 | MANKATO | MN | 560020008 | 410155615 | 501(C)(12) | $16,387 | INTEGRITY FUND - TERRITORY THREAT |
| BLACK WARRIOR ELECTRIC MEMBERSHIP CORPORATION | |||||||
| PO BOX 779 | DEMOPOLIS | AL | 36732 | 630023263 | 501(C)(12) | $25,000 | INTEGRITY FUND - TERRITORY THREAT |
| CAPITAL ELECTRIC COOPERATIVE INC | |||||||
| PO BOX 730 | BISMARCK | ND | 585020730 | 450217628 | 501(C)(12) | $43,400 | INTEGRITY FUND - TERRITORY THREAT |
| THE CARROLL ELECTRIC MEMBERSHIP CORPORATION | |||||||
| 155 NORTH HWY 113 | CARROLLTON | GA | 301177501 | 580184715 | 501(C)(12) | $27,725 | INTEGRITY FUND - TERRITORY THREAT |
| CENTRAL TEXAS ELECTRIC COOPERATIVE INC | |||||||
| PO BOX 553 | FREDERICKSBURG | TX | 786240553 | 741095072 | 501(C)(12) | $100,000 | INTEGRITY FUND - TERRITORY THREAT |
| TENNESSEE VALLEY AUTHORITY CHEROKEE ELECTRIC COOPERATIVE | |||||||
| PO BOX O | CENTRE | AL | 35960 | 630040445 | 501(C)(12) | $24,567 | INTEGRITY FUND - TERRITORY THREAT |
| COLUMBIA BASIN ELECTRIC COOPERATIVE INC | |||||||
| PO BOX 398 | HEPPNER | OR | 978360398 | 930337164 | 501(C)(12) | $8,770 | INTEGRITY FUND - TERRITORY THREAT |
| COVINGTON ELECTRIC COOPERATIVE INC | |||||||
| 18836 US HIGHWAY 84 | ANDALUSIA | AL | 364211223 | 630462077 | 501(C)(12) | $25,000 | INTEGRITY FUND - TERRITORY THREAT |
| CULLMAN ELECTRIC COOPERATIVE | |||||||
| PO BOX 1168 | CULLMAN | AL | 350561168 | 630052772 | 501(C)(12) | $25,000 | INTEGRITY FUND - TERRITORY THREAT |
| DELTA-MONTROSE ELECTRIC ASSOCIATION | |||||||
| PO BOX 910 | MONTROSE | CO | 814020910 | 840185658 | 501(C)(12) | $71,734 | INTEGRITY FUND - TERRITORY THREAT |
| FEDERATED RURAL ELECTRIC ASSOCIATION | |||||||
| PO BOX 69 | JACKSON | MN | 561430069 | 410252540 | 501(C)(12) | $14,642 | INTEGRITY FUND - TERRITORY THREAT |
| FLORIDA ELECTRIC COOPERATIVE ASSOCIATION | |||||||
| 2916 APALACHEE PARKWAY | TALLAHASSEE | FL | 32301 | 590633990 | 501(C)(6) | $37,500 | INTEGRITY FUND - TERRITORY THREAT |
| GRAHAM COUNTY ELECTRIC COOPERATIVE INC | |||||||
| PO DRAWER B | PIMA | AZ | 855430290 | 860079733 | 501(C)(12) | $11,554 | INTEGRITY FUND - TERRITORY THREAT |
| INDIANA STATEWIDE ASSOCIATION OF RURAL ELECTRIC COOPERATIVES INC | |||||||
| 720 N HIGH SCHOOL ROAD | INDIANAPOLIS | IN | 46214 | 351499808 | 501(C)(6) | $26,000 | INTEGRITY FUND - TERRITORY THREAT |
| JOE WHEELER ELECTRIC MEMBERSHIP CORPORATION | |||||||
| PO BOX 460 | TRINITY | AL | 35673 | 630224987 | 501(C)(12) | $25,000 | INTEGRITY FUND - TERRITORY THREAT |
| KENERGY CORP | |||||||
| PO BOX 18 | HENDERSON | KY | 424190018 | 611345109 | 501(C)(12) | $39,759 | INTEGRITY FUND - TERRITORY THREAT |
| MARSHALL-DEKALB ELECTRIC COOPERATIVE | |||||||
| PO BOX 724 | BOAZ | AL | 35957 | 630132555 | 501(C)(12) | $23,476 | INTEGRITY FUND - TERRITORY THREAT |
| MEEKER COOPERATIVE LIGHT & POWER ASSOCIATION | |||||||
| 1725 US HWY 12 E SUITE 100 | LITCHFIELD | MN | 55355 | 410404900 | 501(C)(12) | $15,630 | INTEGRITY FUND - TERRITORY THREAT |
| NOBLES COOPERATIVE ELECTRIC | |||||||
| PO BOX 788 | WORTHINGTON | MN | 561870788 | 410443755 | 501(C)(12) | $13,895 | INTEGRITY FUND - TERRITORY THREAT |
| NORTHERN VIRGINIA ELECTRIC CO-OP | |||||||
| PO BOX 2710 | MANASSAS | VA | 201080875 | 540346923 | 501(C)(12) | $100,000 | INTEGRITY FUND - TERRITORY THREAT |
| PIONEER ELECTRIC COOPERATIVE INC | |||||||
| PO BOX 468 | GREENVILLE | AL | 36037 | 630033945 | 501(C)(12) | $17,662 | INTEGRITY FUND - TERRITORY THREAT |
| PKM ELECTRIC COOPERATIVE INC | |||||||
| PO BOX 108 | WARREN | MN | 56762 | 410484875 | 501(C)(12) | $188,409 | INTEGRITY FUND - TERRITORY THREAT |
| PRESQUE ISLE ELECTRIC & GAS CO-OP | |||||||
| PO BOX 308 | ONAWAY | MI | 49765 | 380941545 | 501(C)(12) | $23,972 | INTEGRITY FUND - TERRITORY THREAT |
| SAND MOUNTAIN ELECTRIC COOPERATIVE | |||||||
| PO BOX 277 | RAINSVILLE | AL | 35986 | 630182345 | 501(C)(12) | $16,730 | INTEGRITY FUND - TERRITORY THREAT |
| SOCORRO ELECTRIC COOPERATIVE INC | |||||||
| PO BOX H | SOCORRO | NM | 87801 | 850084968 | 501(C)(12) | $93,023 | INTEGRITY FUND - TERRITORY THREAT |
| SOUTH ALABAMA ELECTRIC COOPERATIVE | |||||||
| PO BOX 449 | TROY | AL | 360810449 | 630193841 | 501(C)(12) | $25,000 | INTEGRITY FUND - TERRITORY THREAT |
| SUMTER ELECTRIC COOPERATIVE INC | |||||||
| PO BOX 301 | SUMTERVILLE | FL | 335850301 | 590469125 | 501(C)(12) | $138,132 | INTEGRITY FUND - TERRITORY THREAT |
| TOMBIGBEE ELECTRIC COOPERATIVE INC | |||||||
| 3196 COUNTY HIGHWAY 55 | HAMILTON | AL | 35570 | 630211368 | 501(C)(12) | $25,000 | INTEGRITY FUND - TERRITORY THREAT |
| TRI-COUNTY ELECTRIC COOPERATIVE | |||||||
| PO DRAWER 309 | MT VERNON | IL | 628640008 | 370555013 | 501(C)(12) | $100,000 | INTEGRITY FUND - TERRITORY THREAT |
| TRI COUNTY ELECTRIC COOPERATIVE | |||||||
| PO BOX 626 | RUSHFORD | MN | 55971 | 410254835 | 501(C)(12) | $16,258 | INTEGRITY FUND - TERRITORY THREAT |
| WHEATLAND ELECTRIC COOPERATIVE INC | |||||||
| PO BOX 1078 | GARDEN CITY | KS | 67846 | 480532188 | 501(C)(12) | $10,561 | INTEGRITY FUND - TERRITORY THREAT |
| ALASKA POWER ASSOCIATION | |||||||
| 703 WEST TUDOR ROAD SUITE 200 | ANCHORAGE | AK | 995036650 | 920069880 | 501(C)(6) | $14,200 | EDUCATION FUND - NRECA YOUTH TOUR OF WASHINGTON, DC |
| ALABAMA RURAL ELECTRIC ASSOCIATION OF COOPERATIVES | |||||||
| PO BOX 244014 | MONTGOMERY | AL | 361244014 | 630264081 | 501(C)(6) | $15,600 | EDUCATION FUND - AREA SUMMER CONFERENCE |
| ASSOCIATION OF ILLINOIS ELECTRIC COOPERATIVES | |||||||
| PO BOX 3787 | SPRINGFIELD | IL | 627083787 | 370159736 | 501(C)(6) | $22,200 | EDUCATION FUND - STATEWIDE SURVEY PROJECT |
| ASSOCIATION OF MISSOURI ELECTRIC COOPERATIVES | |||||||
| PO BOX 1645 | JEFFERSON CITY | MO | 65102 | 430631824 | 501(C)(6) | $30,400 | EDUCATION FUND - MO COOPERATIVE YOUTH CONFERENCE & YOUTH TOUR |
| COLORADO RURAL ELECTRIC ASSOCIATION | |||||||
| 5400 NORTH WASHINGTON STREET | DENVER | CO | 80216 | 840411220 | 501(C)(6) | $16,400 | EDUCATION FUND - DIRECTOR COURSES; WASHINGTON YOUTH TOUR |
| ELECTRIC POWER ASSOCIATIONS OF MISSISSIPPI | |||||||
| PO BOX 3300 | RIDGELAND | MS | 391583300 | 640200697 | 501(C)(6) | $15,000 | EDUCATION FUND - ELECTRIC COOPERATIVE YOUTH TOUR |
| FLORIDA ELECTRIC COOPERATIVES ASSOCIATION INC | |||||||
| 2916 APALACHEE PARKWAY | TALLAHASSEE | FL | 32301 | 590633990 | 501(C)(6) | $11,000 | EDUCATION FUND - FECA SUMMER LEADERSHIP CONFERENCE |
| GEORGIA ELECTRIC MEMBERSHIP CORPORATION | |||||||
| PO BOX 1707 | TUCKER | GA | 300851707 | 580530279 | 501(C)(6) | $25,600 | EDUCATION FUND - ELECTRIC CO-OPS OF GEORGIA EXHIBIT |
| GOLDEN STATE POWER COOPERATIVE | |||||||
| 14619 HAMLIN STREET | VAN NUYS | CA | 91411 | 680441905 | 501(C)(6) | $6,000 | EDUCATION FUND - ENERGY COOPERATIVE DEVELOPMENT & EDUCATION |
| GRAND CANYON STATE ELECTRIC COOPERATIVE ASSOCIATION | |||||||
| 120 NORTH 44TH STREET | PHOENIX | AZ | 85034 | 866056759 | 501(C)(6) | $13,800 | EDUCATION FUND - AZ/CA WASHINGTON YOUTH TOUR |
| IDAHO CONSUMER OWNED UTILITIES ASSOCIATION | |||||||
| 407 WEST JEFFERSON ST | BOISE | ID | 83702 | 820502739 | 501(C)(6) | $11,600 | EDUCATION FUND - ICUA YOUTH RALLY & ICUA MEMBERS CONFERENCE |
| INDIANA STATEWIDE ASSOCIATION OF RURAL ELECTRIC COOPERATIVES INC | |||||||
| PO BOX 24517 | INDIANAPOLIS | IN | 46224 | 351499808 | 501(C)(6) | $26,800 | EDUCATION FUND - EMPLOYEE TRAINING, BOARD DEVELOPMENT & MEMBER EDUCATION |
| IOWA ASSOCIATION OF ELECTRIC COOPERATIVES | |||||||
| 8525 DOUGLAS AVENUE STE 48 | URBANDALE | IA | 503222992 | 420662488 | 501(C)(6) | $26,200 | EDUCATION FUND - LIVING WITH ENERGY IN IOWA, ARTICLES |
| KANSAS ELECTRIC COOPERATIVES INC | |||||||
| PO BOX 4267 | TOPEKA | KS | 666044267 | 480541902 | 501(C)(12) | $20,200 | EDUCATION FUND - BACK TO BASICS EDUCATIONAL PROGRAM |
| KAUAI ISLAND UTILITY COOPERATIVE | |||||||
| 4463 PAHEE STREET SUITE 1 | LIHUE KAUAI | HI | 967662000 | 990346113 | 501(C)(12) | $8,800 | EDUCATION FUND - KIUC ZAPS ENERGY CLASSROOM/YOUTH TOUR |
| KENTUCKY ASSOCIATION OF ELECTRIC COOPERATIVES INC | |||||||
| PO BOX 32170 | LOUISVILLE | KY | 402322170 | 610420165 | 501(C)(6) | $15,200 | EDUCATION FUND - NEW EMPLOYEE AND DIRECTOR ORIENTATIONS |
| MICHIGAN ELECTRIC COOPERATIVE ASSOCIATION | |||||||
| 2859 W JOLLY ROAD | OKEMOS | MI | 488641182 | 382214287 | 501(C)(6) | $10,000 | EDUCATION FUND - RURAL ELECTRIC YOUTH TOUR TO WASHINGTON, D.C. |
| MINNESOTA RURAL ELECTRIC ASSOCIATION | |||||||
| 11640 - 73RD AVENUE NORTH | MAPLE GROVE | MN | 55369 | 410417193 | 501(C)(6) | $25,200 | EDUCATION FUND - 2015 BOARD LEADERSHIP CERTIFICATION (BLC) COURSES |
| MONTANA ELECTRIC COOPERATIVES' ASSOCIATION | |||||||
| PO BOX 1306 | GREAT FALLS | MT | 59403 | 810229220 | 501(C)(6) | $17,600 | EDUCATION FUND - THE TODAY'S MEMBERS PROGRAM |
| NEBRASKA RURAL ELECTRIC ASSOCIATION | |||||||
| PO BOX 82048 | LINCOLN | NE | 68501 | 470394033 | 501(C)(6) | $19,200 | EDUCATION FUND - NEBRASKA RURAL ELECTRIC WASHINGTON YOUTH TOUR |
| NEVADA RURAL ELECTRIC ASSOCIATION | |||||||
| PO BOX 365 | WELLS | NV | 89835 | 880237046 | 501(C)(6) | $8,800 | EDUCATION FUND - STATEWIDE SMART ENERGY PROGRAM |
| NEW MEXICO RURAL ELECTRIC COOPERATIVE ASSOCIATION INC | |||||||
| 614 DON GASPAR AVENUE | SANTA FE | NM | 87501 | 850155370 | 501(C)(6) | $11,200 | EDUCATION FUND - NRECA CREDENTIALED COOPERATIVE DIRECTOR COURSES |
| NEW YORK STATE RURAL ELECTRIC COOPERATIVE ASSOCIATION INC | |||||||
| 9 WILSON AVENUE | HARTWICK | NY | 14810 | 161264464 | 501(C)(6) | $6,600 | EDUCATION FUND - STUDENT PARTICIPATION - NRECA LEG. CONFERENCE |
| NORTH CAROLINA ASSOCIATION OF ELECTRIC COOPERATIVES INC | |||||||
| PO BOX 27306 | RALEIGH | NC | 27611 | 561189186 | 501(C)(6) | $17,200 | EDUCATION FUND - BRIGHT IDEAS EDUCATION GRANT PROGRAM |
| NORTH DAKOTA ASSOCIATION OF RURAL ELECTRIC COOPERATIVES | |||||||
| PO BOX 727 | MANDAN | ND | 585540727 | 450231058 | 501(C)(6) | $25,600 | EDUCATION FUND - NDAREC MENU OF EDUCATION PROGRAMS |
| NORTHEAST ASSOCIATION OF ELECTRIC COOPERATIVES INC | |||||||
| 9 WILSON AVENUE | BATH | NY | 148101633 | 222153529 | 501(C)(12) | $16,200 | EDUCATION FUND - CONTINUING EDUCATION FOR DIRECTORS AND EMPLOYEES |
| OHIO RURAL ELECTRIC COOPERATIVES | |||||||
| PO BOX 26036 | COLUMBUS | OH | 432260036 | 510174617 | 501(C)(6) | $21,800 | EDUCATION FUND - NRECA COURSES, ASSOC. MGMT & ORIENTATION PROGRAMS |
| OKLAHOMA ASSOCIATION OF ELECTRIC COOPERATIVES INC | |||||||
| PO BOX 54309 | OKLAHOMA CITY | OK | 731541309 | 730556236 | 501(C)(6) | $18,800 | EDUCATION FUND - YOUTH TOUR PROMOTIONAL MATERIALS & T-SHIRTS |
| OREGON RURAL ELECTRIC COOPERATIVE ASSOCIATION | |||||||
| 1750 LIBERTY ST SE | SALEM | OR | 97302 | 930593238 | 501(C)(6) | $19,000 | EDUCATION FUND - LEGISLATOR OUTREACH PROGRAM & DIR. CONFERENCE |
| PENNSYLVANIA RURAL ELECTRIC ASSOCIATION | |||||||
| PO BOX 1266 | HARRISBURG | PA | 171081266 | 236291530 | 501(C)(6) | $20,800 | EDUCATION FUND - PREA COMMUNICATIONS WORKSHOP |
| SOUTH DAKOTA RURAL ELECTRIC ASSOCIATION INC | |||||||
| PO BOX 1138 | PIERRE | SD | 57501 | 460231254 | 501(C)(12) | $16,600 | EDUCATION FUND - YOUTH EXCURSION |
| TENNESSEE ELECTRIC COOPERATIVE ASSOCIATION | |||||||
| PO BOX 100912 | NASHVILLE | TN | 37224 | 620461379 | 501(C)(6) | $14,000 | EDUCATION FUND - YOUTH LEADERSHIP SUMMIT |
| TEXAS ELECTRIC COOPERATIVES INC | |||||||
| 1122 COLORADO ST STE 2400 | AUSTIN | TX | 787012167 | 741007829 | 501(C)(6) | $48,000 | EDUCATION FUND - EDUCATION AND TRAINING CATALOG |
| THE ASSOCIATION OF LOUISIANA ELECTRIC COOPERATIVES INC | |||||||
| 10725 AIRLINE HIGHWAY | BATON ROUGE | LA | 708164299 | 720400467 | 501(C)(6) | $10,200 | EDUCATION FUND - LOUISIANA ELECTRIC COOPERATIVES YOUTH TOUR |
| THE ELECTRIC COOPERATIVES OF SOUTH CAROLINA INC | |||||||
| 808 KNOX ABBOTT DRIVE | CAYCE | SC | 29033 | 570308664 | 501(C)(6) | $16,600 | EDUCATION FUND - NRECA TRAINING COURSES (STATEWIDE BASIS) |
| UTAH RURAL ELECTRIC ASSOCIATION | |||||||
| 10714 SOUTH JORDAN GATEWAY | SOUTH JORDAN | UT | 84095 | 870402010 | 501(C)(6) | $8,800 | EDUCATION FUND - LEGISLATOR EDUCATION/UREA YOUTH PROGRAM |
| VA MD & DE ASSOCIATION OF ELECTRIC COOPERATIVES | |||||||
| 4201 DOMINION BLVD SUITE 101 | GLEN ALLEN | VA | 23060 | 540553861 | 501(C)(6) | $19,000 | EDUCATION FUND - MEMBER COOPERATIVE DIRECTOR TRAINING |
| WASHINGTON RURAL ELECTRIC COOPERATIVE ASSOCIATION | |||||||
| PO BOX 7219 | OLYMPIA | WA | 985077219 | 911236389 | 501(C)(6) | $13,800 | EDUCATION FUND - WRECA ANNUAL MEMBERSHIP MEETING EDUC. MATERIAL |
| WISCONSIN - COOPERATIVE NETWORK ELECTRIC DIVISION | |||||||
| 1 SOUTH PINCKNEY STREET | MADISON | WI | 537032869 | 391128018 | 501(C)(6) | $22,000 | EDUCATION FUND - WECA YOUTH LEADERSHIP CONGRESS |
| WYOMING RURAL ELECTRIC ASSOCIATION | |||||||
| 2312 CAREY AVENUE | CHEYENNE | WY | 820013627 | 830207211 | 501(C)(12) | $10,800 | EDUCATION FUND - SPONSOR YOUTH TOUR & AG IN THE CLASSROOM |
| NRECA | |||||||
| 4301 WILSON BLVD FIN8-110 | ARLINGTON | VA | 22203 | 530116145 | 501(C)(6) | $272,044 | EDUCATION FUND - COOPERATIVE.COM |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 0 | Total501c3OrgCnt |
| Total Other Org | 73 | 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 THREATEN ITS EXISTENCE UNDER THE COOPERATIVE BUSINESS MODEL. EDUCATION FUND EACH STATEWIDE ASSOCIATION AND ELIGIBLE REGIONAL ASSOCIATIONS WILL SUBMIT (1) AN APPLICATION FORM DESCRIBING THE PROGRAM FOR WHICH THE GRANT WILL BE USED AND (2) 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 STRATEGIC SERVICES 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 | 0 | 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 (22 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 | $1,567,921 | $0 | $253,435 | $0 | $79,604 | $0 | $58,309 | $0 | $27,706 | $0 | $1,986,975 | $0 | $0 | $0 |
| JOHN T EVANS | ||||||||||||||
| EVP & COO | $553,659 | $0 | $154,920 | $0 | $58,431 | $0 | $75,122 | $0 | $28,906 | $0 | $871,038 | $0 | $0 | $0 |
| STEVEN L LILLY | ||||||||||||||
| SVP, SPECIAL ASSET MANAGEMENT | $436,226 | $0 | $116,551 | $0 | $12,055 | $0 | $73,471 | $0 | $20,845 | $0 | $659,148 | $0 | $0 | $0 |
| JONATHON ANDREW DON | ||||||||||||||
| SVP AND CFO | $381,688 | $0 | $121,010 | $0 | $28,244 | $0 | $210,741 | $0 | $30,274 | $0 | $771,957 | $0 | $0 | $0 |
| ROBERTA B ARONSON | ||||||||||||||
| SVP AND GENERAL COUNSEL | $304,019 | $0 | $92,063 | $0 | $45,558 | $0 | $148,065 | $0 | $7,339 | $0 | $597,044 | $0 | $0 | $0 |
| JOEL ALLEN | ||||||||||||||
| SVP, MEMBER SERVICES GROUP | $252,306 | $0 | $70,687 | $0 | $18,974 | $0 | $119,788 | $0 | $28,848 | $0 | $490,603 | $0 | $0 | $0 |
| JOHN M BORAK | ||||||||||||||
| SVP, CREDIT RISK MANAGEMENT | $213,299 | $0 | $79,011 | $0 | $48,506 | $0 | $64,214 | $0 | $12,778 | $0 | $417,808 | $0 | $0 | $0 |
| ROBIN REED | ||||||||||||||
| SVP, MEMBER SERVICES GROUP | $239,047 | $0 | $70,000 | $0 | $24,334 | $0 | $113,138 | $0 | $14,142 | $0 | $460,661 | $0 | $0 | $0 |
| STEVEN M KETTLER | ||||||||||||||
| SVP, STRATEGIC SERVICES | $231,154 | $0 | $70,200 | $0 | $26,563 | $0 | $113,026 | $0 | $27,059 | $0 | $468,002 | $0 | $0 | $0 |
| GRACEANN CLENDENEN | ||||||||||||||
| SVP, CORPORATE SERVICES | $211,400 | $0 | $67,597 | $0 | $44,536 | $0 | $169,594 | $0 | $23,082 | $0 | $516,209 | $0 | $0 | $0 |
| BRAD CAPTAIN | ||||||||||||||
| SVP, CORPORATE RELATIONS | $203,888 | $0 | $63,560 | $0 | $34,857 | $0 | $73,299 | $0 | $7,918 | $0 | $383,522 | $0 | $0 | $0 |
| GREGORY STARHEIM | ||||||||||||||
| SVP, BUSINESS & INDUSTRY DEVELOPMENT | $179,359 | $0 | $0 | $0 | $100,195 | $0 | $9,226 | $0 | $12,492 | $0 | $301,272 | $0 | $0 | $0 |
| JOHN J LIST UNTIL 915 | ||||||||||||||
| SVP, CHIEF LENDING OFFICER | $385,218 | $0 | $124,051 | $0 | $37,946 | $0 | $1,397 | $0 | $19,118 | $0 | $567,730 | $0 | $0 | $0 |
| DANIEL W CAWOOD | ||||||||||||||
| VP, PORTFOLIO MANAGEMENT | $184,756 | $0 | $22,154 | $0 | $86,478 | $0 | $6,432 | $0 | $19,344 | $0 | $319,164 | $0 | $0 | $0 |
| LAWRENCE SAUNDERS | ||||||||||||||
| VP, PORTFOLIO MANAGEMENT | $227,931 | $0 | $55,301 | $0 | $7,175 | $0 | $45,514 | $0 | $19,151 | $0 | $355,072 | $0 | $0 | $0 |
| BRUCE E MACNEIL | ||||||||||||||
| VP, CAPITAL MARKET FUNDING | $209,741 | $0 | $46,100 | $0 | $9,581 | $0 | $37,469 | $0 | $25,798 | $0 | $328,689 | $0 | $0 | $0 |
| AMY S LUONGO | ||||||||||||||
| VP, PORTFOLIO MANAGEMENT | $185,519 | $0 | $45,409 | $0 | $18,450 | $0 | $49,747 | $0 | $13,347 | $0 | $312,472 | $0 | $0 | $0 |
| ALLYN J AMATO | ||||||||||||||
| VP AND DEPUTY GENERAL COUNSEL | $239,877 | $0 | $58,257 | $0 | $28,037 | $0 | $116,810 | $0 | $26,409 | $0 | $469,390 | $0 | $0 | $0 |
| RICHARD PERREAULT | ||||||||||||||
| VP AND CIO | $232,319 | $0 | $52,475 | $0 | $25,461 | $0 | $28,353 | $0 | $31,925 | $0 | $370,533 | $0 | $0 | $0 |
| KRISHNA MURTHY | ||||||||||||||
| VP, ELECTRIC AND ENERGY INDUSTRY ANA | $192,471 | $0 | $59,188 | $0 | $48,599 | $0 | $75,316 | $0 | $8,988 | $0 | $384,562 | $0 | $0 | $0 |
| ROBERT E GEIER JR | ||||||||||||||
| VP AND CONTROLLER | $217,611 | $0 | $55,220 | $0 | $25,216 | $0 | $87,519 | $0 | $9,924 | $0 | $395,490 | $0 | $0 | $0 |
| JOHN FREDERICK SUTER | ||||||||||||||
| VP, CAPITAL MARKET RESEARCH AND ANAL | $203,931 | $0 | $65,595 | $0 | $26,322 | $0 | $101,197 | $0 | $25,914 | $0 | $422,959 | $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. 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. IN ACCCORDANCE WITH A WRITTEN RELOCATION AGREEMENT, 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. |
| 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. |
| PART I, LINE 4B | CFC OFFERS A PENSION RESTORATION PLAN OR AN EXECUTIVE BENEFIT RESTORATION PLAN WHICH ARE SUPPLEMENTS TO THE RETIREMENT SECURITY PLAN TO ELIGIBLE EXECUTIVE OFFICERS OF THE COMPANY. BOTH 457(F)PLANS RESTORE 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 THESE RESTORATION COMPONENTS ARE SIMILAR TO THAT UNDER THE QUALIFIED PLAN COMPONENT. HOWEVER, FIVE OF THE EXECUTIVE OFFICERS PARTICIPATING IN THE PENSION RESTORATION PLAN HAVE SATISFIED THE PROVISIONS ESTABLISHED TO RECEIVE THE BENEFIT FROM THESE PLANS. 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 SHOULD THEY HAVE AN ACCRUED BENEFIT. FOR 2015 THE FOLLOWING DISTRIBUTIONS WERE MADE: JOHN EVANS $ 81,439 STEVEN LILLY $ 36,515 JOHN LIST $ 112,057 SHELDON PETERSEN $645,750 CFC OFFERS A DEFERRED COMPENSATION PLAN WHICH IS A NONQUALIFIED 457(B) PLAN FOR A SELECT GROUP OF MANAGEMENT INCLUDING THE EXECUTIVE OFFICERS. PARTICIPANTS MAY ELECT TO DEFER A PORTION OF THEIR COMPENSATION UP TO THE IRS STATUTORY DOLLAR LIMIT IN EFFECT FOR THAT CALENDAR YEAR. WHEN AN EMPLOYEE CEASES TO BE AN EMPLOYEE FOR ANY REASON, DISTRIBUTION OF THE ACCOUNT WILL GENERALLY BE MADE IN ANNUAL PAYMENTS OR IN A LUMP SUM WHICHEVER THE PARTICIPANT CHOOSES. THE AMOUNT PAID IS BASED ON THE ACCUMULATED VALUE OF THE ACCOUNT AND THEIR ELECTION. FOR 2015 THERE WERE NO DISTRIBUTIONS MADE FROM THIS PLAN TO OFFICERS. |
| 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 ISSUER CREDIT RATINGS BY THE RATING AGENCIES. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (10 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, 2016, THERE WERE 1,026 MEMBERS AND ASSOCIATES. MEMBERSHIP INCLUDED: CLASS A. THERE WERE 839 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 RUS 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 66 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 DIRECTOR, WHO IS A TRUSTEE OR DIRECTOR OF A MEMBER ORGANIZED WITHIN THE DISTRICT, AND ONE, WHO IS A MANAGER OF A MEMBER ORGANIZATION WITHIN THE DISTRICT; PROVIDED THAT, EXCEPT FOR DISTRICT 11 WHICH CONTAINS OUR SOLE CLASS D MEMBER, 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,OTHER THAN THE DIRECTORS FROM DISTRICT 11, 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 A, LINE 7B | PURSUANT TO THE BUSINESS ORGANIZATIONS CODE OF THE DISTRICT OF COLUMBIA, CFC MEMBERS MUST APPROVE THE SALE OR DISPOSITION OF MORE THAN 75% OF THE COMPANY'S ASSETS, MERGERS FOR WHICH THE COMPANY WILL NOT BE THE SURVIVING ENTITY, AND THE DISSOLUTION OF THE COMPANY. |
| FORM 990, PART VI, SECTION B, LINE 11 | THE BOARD OF DIRECTORS OF CFC REVIEWED THE 2015 FORM 990 FOR FISCAL YEAR ENDED MAY 31, 2016 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 HAD, 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 PARTIES") 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 PARTY 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 PARTIES 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. RELATED PERSON TRANSACTIONS DO NOT INCLUDE COMPENSATION OR EXPENSE REIMBURSEMENT ARRANGEMENTS WITH DIRECTORS, OFFICERS OR KEY EMPLOYEES (NOTWITHSTANDING THAT OFFICER COMPENSATION MAY BE DISCLOSED IN "ITEM 13. RELATED-PERSON TRANSACTION" IN OUR ANNUAL REPORT ON FORM 10-K, ELSEWHERE IN THE CFC'S PERIODIC REPORTS FILED WITH THE SEC OR OTHERWISE DISCLOSED PUBLICLY AS A RELATED PERSON TRANSACTION); TRANSACTIONS WHERE THE RELATED PERSON'S INTEREST ARISES ONLY FROM THE PERSON'S POSITION AS A DIRECTOR OF ANOTHER ENTITY THAT IS A PARTY TO THE TRANSACTION; AND TRANSACTIONS DEEMED TO BE RELATED CREDITS. 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 2016, AN 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 MAY 2015 TOTAL ASSETS OF $22.9 BILLION, AND INCLUDED EIGHT 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. HAS 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. 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 CFC IS TO SUCCEED AT REALIZING ITS 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 ISSUER CREDIT RATING BY RATING AGENCIES: S & P GLOBAL, FITCH RATINGS INC., 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 FISCAL 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 -39,383,734. OTHER COMPREHENSIVE INCOME -6,491,002. DERIVATIVE FORWARD VALUE -220,827,229. NET MEMBERSHIP FEES -1,800. INTEGRITY FUND CONTRIBUTIONS -909,152. INTEGRITY FUND GRANTS 1,361,216. |
| FORM 990, PART XII, 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 REGISTERED 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
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CARIBBEAN ASSET HOLDINGS LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | C/O NRUCFC 20701 COOPERATIVE WAY | AddressLine1Txt |
| City | DULLES | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 20166 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 264752447 | EIN |
| Primary Activities | HOLDING COMPANY | PrimaryActivitiesTxt |
| Legal Domicile State | DE | LegalDomicileStateCd |
| Total Income | $109,999,256 | TotalIncomeAmt |
| End Of Year Assets | $178,334,443 | EndOfYearAssetsAmt |
| Direct Controlling NA | N/A | DirectControllingNACd |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (13 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile Foreign CountryLegalDomicileForeignCountryCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Entity TypeEntityTypeTxt | Share Of Total IncomeShareOfTotalIncomeAmt | Share Of EOY AssetsShareOfEOYAssetsAmt | OwnershipOwnershipPct | Controlled OrganizationControlledOrganizationInd | Legal Domicile StateLegalDomicileStateCd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DTR HOLDINGS LLC | |||||||||||||
| C/O CAH 20701 COOPERATIVE WAY | DULLES | VA | 20166 | 660728522 | HOLDING COMPANY | VQ | CARIBBEAN ASSET HOLDINGS LLC | C | $102,493,548 | $2,489,276 | 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 | $4,465,405 | $3,695,491 | 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 | $3,040,303 | $8,959,008 | 1.00000 | Yes (1) | DE | |
| VI POWERNET LLC | |||||||||||||
| C/O DTR HOLDINGS LLC 20701 COOPERAT | DULLES | VA | 20166 | 660728523 | INTERNET SERVICE | VQ | DTR HOLDINGS LLC | C | $6,183,853 | $17,667,277 | 1.00000 | Yes (1) | |
| CARIBBEAN COMMUNICATION CORP | |||||||||||||
| C/O DTR HOLDINGS LLC 20701 COOPERAT | DULLES | VA | 20166 | 670253554 | CABLE NETWORKS | VQ | DTR HOLDINGS LLC | C | $13,331,367 | $20,050,068 | 0.99500 | Yes (1) | |
| ST CROIX CABLE TV INC | |||||||||||||
| C/O DTR HOLDINGS LLC 20701 COOPERAT | DULLES | VA | 20166 | 660380487 | CABLE NETWORKS | VQ | DTR HOLDINGS LLC | C | $7,880,178 | $7,700,107 | 0.99500 | Yes (1) | |
| ICC TV INC | |||||||||||||
| C/O DTR HOLDINGS LLC 20701 COOPERAT | DULLES | VA | 20166 | 669572552 | TELEVISION | VQ | DTR HOLDINGS LLC | C | $605,188 | $348,377 | 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 | $3,240,754 | $1,601,249 | 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 | $69,543,008 | $104,532,643 | 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 | $1,639,760 | $9,720,620 | 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 | $69,440 | $1,570,328 | 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 | $4,465,405 | $3,695,491 | 1.00000 | Yes (1) | ||
| CARRIBEAN TELEVIEW SERVICES NV | |||||||||||||
| C/O STM ASSET HOLDINGS LLC 20701 CO | DULLES | VA | 20166 | 999999999 | CABLE NETWORKS | NN | STM ASSET HOLDINGS LLC | $3,040,303 | $8,959,008 | 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 | $4,626,591 | ACCRUAL |
| DTR HOLDINGS LLC | ||
| D | $5,129,398 | NET VALUE |
| BVI ASSET HOLDINGS LLC | ||
| A | $156,356 | ACCRUAL |
| STM ASSET HOLDINGS LLC | ||
| A | $155,486 | ACCRUAL |