Cause IQ organization profile

Cooperative Finance Corporation (CFC)

Form 990s | Financials | Vendors | Personnel | Peers

CFC is a public sector improvement organization based in Dulles, VA that was founded in 1969. As of 2019 they had $1.4 billion in revenue and $27 billion in assets.

Cooperative Finance Corporation (CFC) was incorporated on April 10, 1969 as a member-owned, nonprofit financing cooperative charged with raising funds from the capital markets on behalf of electric cooperatives.

Cooperative Finance Corporation (CFC) makes grants to other organizations, such as $310,974 to National Rural Electric Cooperative Association (NRECA) for "Educational Fund-Cooperative.Com"; $125,000 to South Texas Electric Cooperative for "Integrity Fund - Territory Threat"; $125,000 to Grand Canyon State Electric Cooperative Association (GCSECA) for "Integrity Fund - Territory Threat"; $105,608 to Pedernales Electric Cooperative for "Integrity Fund - Territory Threat"; and $104,630 to Association of Louisiana Electric Cooperatives (ALEC) for "Integrity Fund - Territory Threat".

Previous legal names or variations of their name include: National Rural Utilities Cooperative Finance Corporation.

Fiscal year end:
Revenue trends:
Asset trends:

Form 990s for CFC

Fiscal year endingDate received by IRSFormPDF link
2019-05Jan 9, 2020990View PDF
2018-05Dec 22, 2018990View PDF
2017-05Nov 22, 2017990OView PDF
2016-05Apr 19, 2017990OView PDF
2015-05Jul 26, 2016990OView PDF
...and six more Form 990 PDFs

Financials for CFC

Total grants, contributions, etc.$0
Program services$1,390,394,359
Investment income and dividends$24,605,080
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$55,619
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$6,444,026
Total revenues$1,421,499,084

Vendors for CFC

VendorServicesAmount paidDate
KPMG LLPTax accounting2018-11-16
█████████ ████████Software2018-10-26
█████████ ██ ███It Services$1,475,5002018-05-01
█████████ ███████ ███It Services$1,708,1982018-05-01
███████ ████████████ ███████ ███It Services$2,063,6602018-05-01
███████ █████ █████████████ ███It Services$1,471,6782018-05-01
██████████ █████████ ███It Services$1,774,9512018-05-01

Personnel at CFC

NameTitleCompensationMost recent data
Sheldon PetersenChief Executive Officer$1.8 millionJune 28, 2020
John T EvansExecutive Vice President and Chief Operating Officer$1.2 millionMay 31, 2019
██████ ███Senior Vice President and Chief Financial Officer-Nov. 1, 2017
██ ██████ ███Senior Vice President and Chief Financial Officer X J Andrew Don-June 28, 2020
████████ ██████ ███Senior Vice President and Chief Financial Officer$623,078May 31, 2019
███████ █████████Vice President and Chief Information Officer$376,276May 31, 2019
███ █ ██████Vice President , Portfolio Management$307,512May 31, 2019
█████ █ ████Vice President , Portfolio Management / Associate Vice President$256,174May 31, 2019
██████ █ █████Vice President , Financial Risk Managem$294,630May 31, 2019
████████ ████████Vice President , Portfolio Management$332,591May 31, 2019
...and 26 more key personnel

Peer public sector reform and improvement organizations

1Northern Virginia Electric Co-Op (NOVEC)501(c)(12)$538 millionManassas, VA
2Old Dominion Electric Cooperative501(c)(12)$787 millionGlen Allen, VA
3Brazos Electric Power Cooperative501(c)(12)$905 millionWaco, TX
4Cooperative Energy501(c)(12)$829 millionHattiesburg, MS
5Wolverine Power Supply Cooperative501(c)(12)$476 millionCadillac, MI
6Kenergy Corporation501(c)(12)$405 millionHenderson, KY
7South Texas Electric Cooperative501(c)(12)$529 millionNursery, TX
8Coserv Electric501(c)(12)$489 millionCorinth, TX
9North Carolina Electric Membership Corporation501(c)(12)$1.2 billionRaleigh, NC