Civic Intelligence

Rural Development Finance Corporation

EIN 45-0437973 • 501(c)4 • Mandan, ND

Profile

Rdfc encourages economic diversification and community vitality through the generation of funding that supports sustainable asset building.

3201 Nygren Drive NW PO Box 727Mandan, ND 58554-0727

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

28th percentile

0.01x

Higher debt load relative to assets than 28% of similar nonprofits.

501(c)4 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

34th percentile

0.06x

Higher debt load relative to revenue than 34% of similar nonprofits.

501(c)4 • $10M-$25M nonprofits • Source year 2024

Net Margin

96th percentile

86%

Higher net margin than 96% of similar nonprofits.

501(c)4 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

88th percentile

27%

Faster asset growth than 88% of similar nonprofits.

501(c)4 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

93rd percentile

150%

Faster revenue growth than 93% of similar nonprofits.

501(c)4 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$11,378,141

Up $2,438,235 (+27%) from 2023

Liabilities

Up

$165,649

Up $162,416 (+5024%) from 2023

Net Assets

Up

$11,212,492

Up $2,275,819 (+25%) from 2023

Revenue

Up

$2,649,061

Up $1,587,594 (+150%) from 2023

Expenses

Up

$373,242

Up $152,152 (+69%) from 2023

Net Income

Up

$2,275,819

Up $1,435,442 (+171%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0Assets 2010: $1,102,267Liabilities 2010: $0Net Assets 2010: $1,102,2672010Assets 2011: $1,861,314Liabilities 2011: $0Net Assets 2011: $1,861,3142011Assets 2012: $2,299,067Liabilities 2012: $0Net Assets 2012: $2,299,0672012Assets 2013: $2,382,860Liabilities 2013: $0Net Assets 2013: $2,382,8602013Assets 2014: $3,121,404Liabilities 2014: $0Net Assets 2014: $3,121,4042014Assets 2015: $3,414,348Liabilities 2015: $0Net Assets 2015: $3,414,3482015Assets 2016: $4,553,984Liabilities 2016: $0Net Assets 2016: $4,553,9842016Assets 2017: $4,900,799Liabilities 2017: $2,520Net Assets 2017: $4,898,2792017Assets 2018: $5,829,220Liabilities 2018: $33Net Assets 2018: $5,829,1872018Assets 2019: $7,084,320Liabilities 2019: $513Net Assets 2019: $7,083,8072019Assets 2020: $7,689,006Liabilities 2020: $0Net Assets 2020: $7,689,0062020Assets 2021: $8,006,076Liabilities 2021: $315Net Assets 2021: $8,005,7612021Assets 2022: $8,375,287Liabilities 2022: $0Net Assets 2022: $8,375,2872022Assets 2023: $8,939,906Liabilities 2023: $3,233Net Assets 2023: $8,936,6732023Assets 2024: $11,378,141Liabilities 2024: $165,649Net Assets 2024: $11,212,4922024

Highlighted filing

2024

Assets$11,378,141
Liabilities$165,649
Net Assets$11,212,492

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0Expenses 2010: $13,7292010Expenses 2011: $41,0372011Expenses 2012: $35,9362012Revenue 2013: $99,725Expenses 2013: $15,932Net Income 2013: $83,7932013Revenue 2014: $754,779Expenses 2014: $16,235Net Income 2014: $738,5442014Revenue 2015: $314,102Expenses 2015: $21,158Net Income 2015: $292,9442015Revenue 2016: $947,753Expenses 2016: $71,065Net Income 2016: $876,6882016Revenue 2017: $418,104Expenses 2017: $73,919Net Income 2017: $344,1852017Revenue 2018: $1,086,243Expenses 2018: $155,335Net Income 2018: $930,9082018Revenue 2019: $1,416,861Expenses 2019: $162,241Net Income 2019: $1,254,6202019Revenue 2020: $891,105Expenses 2020: $298,406Net Income 2020: $592,6992020Revenue 2021: $472,705Expenses 2021: $155,950Net Income 2021: $316,7552021Revenue 2022: $526,227Expenses 2022: $156,701Net Income 2022: $369,5262022Revenue 2023: $1,061,467Expenses 2023: $221,090Net Income 2023: $840,3772023Revenue 2024: $2,649,061Expenses 2024: $373,242Net Income 2024: $2,275,8192024

Highlighted filing

2024

Revenue$2,649,061
Expenses$373,242
Net Income$2,275,819

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$11.4$0.17$11.2$2.65$0.37$2.28
2023Summary only. Only limited summary data is available for this year.$8.94$0.00$8.94$1.06$0.22$0.84
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.38$0.00$8.38$0.53$0.16$0.37
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.01$0.00$8.01$0.47$0.16$0.32
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.69$0.00$7.69$0.89$0.30$0.59
2019Summary only. Only limited summary data is available for this year.$7.08$0.00$7.08$1.42$0.16$1.25
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.83$0.00$5.83$1.09$0.16$0.93
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.90$0.00$4.90$0.42$0.07$0.34
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.55$0.00$4.55$0.95$0.07$0.88
2015Detailed filing. Detailed filing data is available for this year.$3.41$0.00$3.41$0.31$0.02$0.29
2014Detailed filing. Detailed filing data is available for this year.$3.12$0.00$3.12$0.75$0.02$0.74
2013Detailed filing. Detailed filing data is available for this year.$2.38$0.00$2.38$0.10$0.02$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.30$0.00$2.30$0.04
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.86$0.00$1.86$0.04
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.10$0.00$1.10$0.01
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 24, 2025
Return Version
2024v5.2
Gross Receipts
$2,649,061
Mission and Program Overview

Mission

RDFC encourages economic diversification and community vitality through the generation of funding that supports sustainable asset building.

To provide financing for new or expanding businesses and community development projects in nd.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$8,936,673$11,212,492▲ $2,275,819
Other Notes and Loans Receivable, Net$4,722,723$9,051,430▲ $4,328,707
Savings and Temporary Cash Investments$3,709,014$1,622,922▼ $2,086,092
Investments Other Securities$470,705$577,228▲ $106,523
Cash and Non-Interest-Bearing Accounts$16,100$120,936▲ $104,836
Accounts Receivable$2,500--
Land, Buildings, and Equipment, Net$116$0▼ $116
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$8,939,906$11,378,141▲ $2,438,235
Other Assets Total$18,748$5,625▼ $13,123
Liabilities
Deferred Revenue-$150,000-
Accounts Payable and Accrued Expenses$3,233$15,649▲ $12,416
Total Liabilities$3,233$165,649▲ $162,416
Net Assets / Fund Balance
Total Net Assets Fund Balance$8,936,673$11,212,492▲ $2,275,819
Total Liabilities and Net Assets / Fund Balance$8,939,906$11,378,141▲ $2,438,235

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$5,090$5,090
Other Securities$238--
Compensation and Service Providers

Board Members and Trustees

NameTitle
David SiglohPresident
Paula AndersonVice President
Allan EnghDirector
Andy WeissDirector
Cheryl OsowskiDirector
Greg RauschendorferDirector
Michelle BerryDirector
Deon VilhauerSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,974,816
Program Service Revenue
$572,067
Investment Income
$102,178
Other Revenue
$0
Change in Net Assets
$2,275,819

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,649,061
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,649,061
Total Revenue per Form 990
$2,649,061
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$276,992
Grants and Similar Amounts Paid$96,250
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$127,961--$127,961
Fees for Services Management$85,133$25,750-$110,883
Grants to Domestic Orgs$96,250--$96,250
Fees for Services Accounting-$24,380-$24,380
Conferences and Meetings-$3,731-$3,731
Insurance$3,581--$3,581
Fees for Services Legal$2,118$962-$3,080
Office Expenses$1,913$847-$2,760
Advertising$500--$500
Depreciation Depletion$116--$116
Total Functional Expenses$317,572$55,670$0$373,242

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$373,242
Total Expenses per Audited Statements$373,242
Total Expenses per Form 990$373,242
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

North dakota association of rural electric cooperatives (ndarec) provides staff that head up directives of the board in the areas of finance, program development and loan management.

Form 990, Part VI, Section A, Line 6

Membership in the corporation is limited to rural electric cooperatives and rural broadband cooperatives operating in the state of north dakota, the north dakota association of rural electric cooperatives, and the broadband association of north dakota.

Form 990, Part VI, Section A, Line 7A

Prior to each annual meeting, the board of directors or president may establish a nominating committee which shall be responsible for obtaining names of qualified candidates who are willing to serve as a district director.

Form 990, Part VI, Section A, Line 7B

The membership must approve changes to the organization's bylaws.

Form 990, Part VI, Section A, Line 8B

There are no committees with the authorization to act on behalf of the board.

Form 990, Part VI, Section B, Line 11B

A draft of the form 990 will be reviewed by the finance director of ndarec prior to filing the form with the irs. The final form 990 will be provided to all board members.

Form 990, Part VI, Section B, Line 12C

All directors of rdfc are covered by the policy. They must disclose annually, in writing, by method of formal questionnaire, whether they have any conflicts of interest. If there are any disclosures of conflict of interest, the president of the board will implement required action as defined by policy.

Form 990, Part VI, Section C, Line 19

These documents are not made available to the public.

Filing and Contact Details

Filer

Filer Name
Rural Development Finance Corporation
EIN
45-0437973
Phone
7016636501
Address
3201 NYGREN DRIVE NW PO BOX 727, MANDAN, ND 58554-0727

Signing Officer

Name
David Sigloh
Title
President
Phone
7016636501
Signed
2025-10-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Sigloh
Formed
1994
Legal Domicile
Nd
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
8

Preparer

Firm
Brady Martz & Associates Pc
Address
PO BOX 14296, GRAND FORKS, ND 58208-4296
Preparer
Ashley Engel
Phone
7017754685
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The board of directors oversaw selection of the independent auditor.

Financial Statement Notes

PART X, LINE 2:

The organization is exempt from federal income under section 501(c)(4) of the internal revenue code. It is annually required to file irs form 990, return of organization exempt from income tax. The organization's policy is to evaluate the likelihood that its uncertain tax positions will prevail upon examination based on the extent to which those positions have substantial support within the internal revenue code and regulations, revenue rulings, court decisions and other evidence. It is the opinion of management that the organization has no significant uncertain tax positions that would be subject to change upon examination. The federal information returns of the organization are subject to examination by the irs, generally for three years after they are filed. All required filings are current.

Raw XML AppendixShowing 400 of 404 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt03233
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt015649
IRS990/AccountsReceivableGrp/BOYAmt02500
IRS990/ActivitiesConductedPrtshpInd01
IRS990/ActivityOrMissionDesc0TO PROVIDE FINANCING FOR NEW OR EXPANDING BUSINESSES AND COMMUNITY DEVELOPMENT PROJECTS IN ND.
IRS990/AdvertisingGrp/ProgramServicesAmt0500
IRS990/AdvertisingGrp/TotalAmt0500
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0BRENNA OHMAN
IRS990/BooksInCareOfDetail/PhoneNum07016636501
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt03201 NYGREN DR PO BOX 727
IRS990/BooksInCareOfDetail/USAddress/CityNm0MANDAN
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0ND
IRS990/BooksInCareOfDetail/USAddress/ZIPCd058554
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IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt016100
IRS990/CashNonInterestBearingGrp/EOYAmt0120936
IRS990/ChangeToOrgDocumentsInd00
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IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt03731
IRS990/ConferencesMeetingsGrp/TotalAmt03731
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01974816
IRS990/CYGrantsAndSimilarPaidAmt096250
IRS990/CYInvestmentIncomeAmt0102178
IRS990/CYOtherExpensesAmt0276992
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0572067
IRS990/CYRevenuesLessExpensesAmt02275819
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0373242
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02649061
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/EOYAmt0150000
IRS990/DelegationOfMgmtDutiesInd01
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0116
IRS990/DepreciationDepletionGrp/TotalAmt0116
IRS990/Desc0TO ENCOURAGE ECONOMIC DIVERSIFICATION AND REVITALIZATION OF RURAL COMMUNITIES IN NORTH DAKOTA AND ADJACENT STATES, CREATE EMPLOYMENT AND INCREASE INCOME FOR DISPLACED FARMERS AND LOW-INCOME PERSONS, AND TO ENHANCE ESSENTIAL COMMUNITY SERVICES AND FACILITIES.TO ACT AS AN INTERMEDIARY LENDER AND TO DEVELOP A SUSTAINABLE REVOLVING LOAN POOL FOR RURAL DEVELOPMENT LENDING PURSUANT TO FEDERAL REGULATIONS AND STATUTES AND TO PROVIDE TECHNICAL ASSISTANCE FOR RURAL ECONOMIC DEVELOPMENT PROJECTS.TO DO ALL THINGS NECESSARY, SUITABLE, AND PROPER FOR THE ACCOMPLISHMENT OF ANY OF THE PURPOSES OR THE ATTAINMENT OF THE OBJECTIVES HEREINABOVE STATED, EITHER ALONE OR WITH OTHER CORPORATIONS, COOPERATIVES, ASSOCIATIONS, FIRMS OR INDIVIDUALS, AND TO EVERY OTHER ACT OR THING INCIDENTAL TO OR GROWING OUT OF SUCH PURPOSE.
IRS990/DescribedInSection501c3Ind00
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IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0221322
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditPerformedInd01
IRS990/FederalGrantAuditRequiredInd01
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IRS990/FeesForServicesAccountingGrp/TotalAmt024380
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IRS990/FeesForServicesLegalGrp/ProgramServicesAmt02118
IRS990/FeesForServicesLegalGrp/TotalAmt03080
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt025750
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt085133
IRS990/FeesForServicesManagementGrp/TotalAmt0110883
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt04.00
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IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
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IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
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IRS990/Form990PartVIISectionAGrp/PersonNm0DAVID SIGLOH
IRS990/Form990PartVIISectionAGrp/PersonNm1PAULA ANDERSON
IRS990/Form990PartVIISectionAGrp/PersonNm2DEON VILHAUER
IRS990/Form990PartVIISectionAGrp/PersonNm3MICHELLE BERRY
IRS990/Form990PartVIISectionAGrp/PersonNm4GREG RAUSCHENDORFER
IRS990/Form990PartVIISectionAGrp/PersonNm5CHERYL OSOWSKI
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
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IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
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IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
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IRS990/InsuranceGrp/TotalAmt03581
IRS990/InvestmentIncomeGrp/ExclusionAmt0102178
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0102178
IRS990/InvestmentInJointVentureInd01
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0470705
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0577228
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt05090
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0116
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LandBldgEquipCostOrOtherBssAmt05090
IRS990/LegalDomicileStateCd0ND
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0RDFC ENCOURAGES ECONOMIC DIVERSIFICATION AND COMMUNITY VITALITY THROUGH THE GENERATION OF FUNDING THAT SUPPORTS SUSTAINABLE ASSET BUILDING.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/NetAssetsOrFundBalancesEOYAmt011212492
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0847
IRS990/OfficeExpensesGrp/ProgramServicesAmt01913
IRS990/OfficeExpensesGrp/TotalAmt02760
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt018748
IRS990/OtherAssetsTotalGrp/EOYAmt05625
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0LOAN LOSS PROVISION
IRS990/OtherExpensesGrp/ProgramServicesAmt0127961
IRS990/OtherExpensesGrp/TotalAmt0127961
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt04722723
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt09051430
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0DAVID SIGLOH
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0525990
IRS990/ProgramServiceRevenueGrp/BusinessCd1522291
IRS990/ProgramServiceRevenueGrp/BusinessCd2522291
IRS990/ProgramServiceRevenueGrp/Desc0DAKOTAS AMERICA K-1 IN
IRS990/ProgramServiceRevenueGrp/Desc1LOAN INTEREST INCOME
IRS990/ProgramServiceRevenueGrp/Desc2ORIGINATION FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0377159
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1141318
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt253590
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0377159
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1141318
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt253590
IRS990/ProgSrvcAccomActy2Grp/Desc0THE RDFC GRANT PROGRAM HELPED RURAL COMMUNITIES IN NORTH DAKOTA ACHIEVE ECONOMIC DIVERSIFICATION AND REVITALIZATION.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt096250
IRS990/ProgSrvcAccomActy2Grp/GrantAmt096250
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt015724
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt085000
IRS990/PYInvestmentIncomeAmt0139294
IRS990/PYOtherExpensesAmt0136090
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0906449
IRS990/PYRevenuesLessExpensesAmt0840377
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0221090
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01061467
IRS990/ReconcilationRevenueExpnssAmt02275819
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0572067
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt08936673
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt011212492
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03709014
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01622922
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05090
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt05090
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0373242
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0576990
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1238
IRS990ScheduleD/OtherSecuritiesGrp/Desc0DAKOTAS AMERICA
IRS990ScheduleD/OtherSecuritiesGrp/Desc1FEDERATED RURAL ELECTRIC CAPITAL CREDITS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02649061
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME UNDER SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE. IT IS ANNUALLY REQUIRED TO FILE IRS FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX. THE ORGANIZATION'S POLICY IS TO EVALUATE THE LIKELIHOOD THAT ITS UNCERTAIN TAX POSITIONS WILL PREVAIL UPON EXAMINATION BASED ON THE EXTENT TO WHICH THOSE POSITIONS HAVE SUBSTANTIAL SUPPORT WITHIN THE INTERNAL REVENUE CODE AND REGULATIONS, REVENUE RULINGS, COURT DECISIONS AND OTHER EVIDENCE. IT IS THE OPINION OF MANAGEMENT THAT THE ORGANIZATION HAS NO SIGNIFICANT UNCERTAIN TAX POSITIONS THAT WOULD BE SUBJECT TO CHANGE UPON EXAMINATION. THE FEDERAL INFORMATION RETURNS OF THE ORGANIZATION ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY ARE FILED. ALL REQUIRED FILINGS ARE CURRENT.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt0577228
IRS990ScheduleD/TotalExpensesPerForm990Amt0373242
IRS990ScheduleD/TotalRevenuePerForm990Amt02649061
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02649061
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0373242
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NORTH DAKOTA ASSOCIATION OF RURAL ELECTRIC COOPERATIVES (NDAREC) PROVIDES STAFF THAT HEAD UP DIRECTIVES OF THE BOARD IN THE AREAS OF FINANCE, PROGRAM DEVELOPMENT AND LOAN MANAGEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERSHIP IN THE CORPORATION IS LIMITED TO RURAL ELECTRIC COOPERATIVES AND RURAL BROADBAND COOPERATIVES OPERATING IN THE STATE OF NORTH DAKOTA, THE NORTH DAKOTA ASSOCIATION OF RURAL ELECTRIC COOPERATIVES, AND THE BROADBAND ASSOCIATION OF NORTH DAKOTA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PRIOR TO EACH ANNUAL MEETING, THE BOARD OF DIRECTORS OR PRESIDENT MAY ESTABLISH A NOMINATING COMMITTEE WHICH SHALL BE RESPONSIBLE FOR OBTAINING NAMES OF QUALIFIED CANDIDATES WHO ARE WILLING TO SERVE AS A DISTRICT DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE MEMBERSHIP MUST APPROVE CHANGES TO THE ORGANIZATION'S BYLAWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THERE ARE NO COMMITTEES WITH THE AUTHORIZATION TO ACT ON BEHALF OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5A DRAFT OF THE FORM 990 WILL BE REVIEWED BY THE FINANCE DIRECTOR OF NDAREC PRIOR TO FILING THE FORM WITH THE IRS. THE FINAL FORM 990 WILL BE PROVIDED TO ALL BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ALL DIRECTORS OF RDFC ARE COVERED BY THE POLICY. THEY MUST DISCLOSE ANNUALLY, IN WRITING, BY METHOD OF FORMAL QUESTIONNAIRE, WHETHER THEY HAVE ANY CONFLICTS OF INTEREST. IF THERE ARE ANY DISCLOSURES OF CONFLICT OF INTEREST, THE PRESIDENT OF THE BOARD WILL IMPLEMENT REQUIRED ACTION AS DEFINED BY POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THESE DOCUMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE BOARD OF DIRECTORS OVERSAW SELECTION OF THE INDEPENDENT AUDITOR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XII, LINE 2C
IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/AllPartnersC3SInd00
IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/BusinessName/BusinessNameLine1Txt0DAKOTAS AMERICA LLC
IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd01
IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/EIN0202744964
IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd00
IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/LegalDomicileStateCd0SD
IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/OwnershipPct00.49000
IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/PredominateIncomeDesc0RELATED
IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt0DEBT AND EQUITY CAPITAL SUPPORT
IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/ShareOfEOYAssetsAmt0710672
IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/ShareOfTotalIncomeAmt0377159
IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt025795 475TH AVE SUITE 1
IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/USAddress/CityNm0RENNER
IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd0SD
IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/USAddress/ZIPCd0570556547
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt08939906
IRS990/TotalAssetsEOYAmt011378141
IRS990/TotalAssetsGrp/BOYAmt08939906
IRS990/TotalAssetsGrp/EOYAmt011378141
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01974816
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt055670
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0317572
IRS990/TotalFunctionalExpensesGrp/TotalAmt0373242
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03233
IRS990/TotalLiabilitiesEOYAmt0165649
IRS990/TotalLiabilitiesGrp/BOYAmt03233
IRS990/TotalLiabilitiesGrp/EOYAmt0165649
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt08936673
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt011212492
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0317572
IRS990/TotalProgramServiceRevenueAmt0572067
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0102178
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0572067
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02649061
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt08939906
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt011378141
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03201 NYGREN DRIVE NW PO BOX 727
IRS990/USAddress/CityNm0MANDAN
IRS990/USAddress/StateAbbreviationCd0ND
IRS990/USAddress/ZIPCd0585540727
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
IRS990/WrittenPolicyOrProcedureInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID SIGLOH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07016636501
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-10-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RURAL DEVELOPMENT FINANCE CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0RURA
ReturnHeader/Filer/EIN0450437973
ReturnHeader/Filer/PhoneNum07016636501
ReturnHeader/Filer/USAddress/AddressLine1Txt03201 NYGREN DRIVE NW PO BOX 727
ReturnHeader/Filer/USAddress/CityNm0MANDAN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0ND
ReturnHeader/Filer/USAddress/ZIPCd0585540727
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0450310328
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BRADY MARTZ & ASSOCIATES PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 14296
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GRAND FORKS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0ND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0582084296
ReturnHeader/PreparerPersonGrp/PhoneNum07017754685
ReturnHeader/PreparerPersonGrp/PreparationDt02025-10-24
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ASHLEY ENGEL
ReturnHeader/ReturnTs02025-10-31T12:26:40-05:00

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