Virginia · Nonprofit
NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION
NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION (Virginia) receives grants from 9 organizations whose IRS filings report $223,073 to it, the largest being FIRST ELECTRIC COOPERATIVE CORPORATION ($39,909). 7 of them have funded it in more than one year.
- Revenue FY2025
- $2.1B
- Funders on record
- 9
- Grants received
- $223k
- Net assets
- $3.1B
What National Rural Utilities Cooperative Finance Corporation does
Mission
To bridge the financial needs of the rural electric network with the expectations of the global capital markets, one cooperative at a time.
As stated on its FY2025 Form 990.
Programs
Lending services -- cfc provides loans to its members, rural electric cooperatives and their related organizations, and generates interest income from these loans. To fund its lending services, cfc raises funds in the capital markets or private third party transactions and pays arate of return commensurate with current economic conditions for the use of those funds. These raised funds permit cfc to meet the borrowing needs of its members so they can continue to provide electric and power services to the consumers and businesses in the rural territoriesserviced by those members/borrowers. Cfc operates in such manner to obtain funding based on cost available to it and passes the costs and resulting savings along to its borrowers.
$1,685,714,700 spentof which $3,000 as grants$2,061,913,124 earned by the program100% of program spendingEducation fund -- each statewide association and eligible regional association will submit an application form describing the program for which the grant will be used. Cfc calculates the amount allotted to each applicant during the fiscal year based upon the total number of co-ops which are members of cfc and of the association, with respect to statewide associations, the number of states each applicant represents, and the number of co-ops that are 100% cfc borrowers. The senior vice president of cfc's corporate relations group approves the applications made by the associations.
$1,049,909 spentof which $1,049,909 as grants0% of program spendingIntegrity fund -- utilizing a restricted cash account, cfc manages a voluntary fund established for the purpose of assisting cooperatives in defending their cooperative territories and protecting cooperative principles.
$71,372 spentof which $71,372 as grants$264,247 earned by the program0% of program spending
The 3 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $1,686,835,981.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $31.2B to $34.0B (+9%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Jonathan Andrew Don
CEO
As listed on its FY2025 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 2 funders to 6 funders, grant income rose $12k → $55k.
From the IRS filings of NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION has a broad base — no single funder exceeds 18% of grant income, and it takes 4 funders to reach half.
the vertical line marks half of all grant income — 4 funders to its left
100% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION.
Largest funder’s share by year: 2017 59% · 2018 67% · 2019 49% · 2020 100% · 2021 30% · 2022 31% · 2023 42% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
60% of NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION's funders are still giving 3 years after their first grant; 78% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION draws 100% of its grant income from funders outside Virginia, across 6 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Organizations like NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Virginia
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
92% of spending goes to programs.
Governance
Footprint & structure
Files a return copy in 2 states
Screen this organization
A dated, signed PDF of the compliance screen for NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION?
- NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION (Virginia) receives grants from 9 organizations whose IRS filings report $223,073 to it, the largest being FIRST ELECTRIC COOPERATIVE CORPORATION ($39,909). 7 of them have funded it in more than one year.
- How many funders does NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION have?
- IRS filings report 9 organizations giving $223,073 in grants to NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION, 7 of which have funded it in more than one year.
- Who is the largest funder of NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION?
- FIRST ELECTRIC COOPERATIVE CORPORATION is the largest funder on record, with $39,909 in grants. The full list of funders is on this page.
- How can an organization like NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Virginia. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 9 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing