Corn Belt Electric Cooperative Inc

Bloomington, IL
Tax-exempt since April 1940
EIN: 37-0228808

Receive an email when new data is available for this organization.

Type of Nonprofit

Designated as a 501(c)(12) Benevolent life insurance associations, irrigation companies, telephone companies, etc., which have a mutually beneficial nature.

Donations to this organization are not tax deductible.

Revenue

$91.3M (2023)

Expenses

$91.3M (2023)

Total Assets

$224M (2023)

Total Liabilities

$105M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Revenue

$91,331,713

Expenses

$91,331,713

Net Income

Net Assets

$119,034,348

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$91,022,597	99.7%
Investment Income	$151,234	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$49,685	0.1%
Net Fundraising	$0
Sales of Assets	$83,470	0.1%
Net Inventory Sales	$0
Other Revenue	$24,727	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,605,248	1.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,185,990	1.3%

Assets/Debt
Total Assets	$224,077,494
Total Liabilities	$105,043,146
Net Assets	$119,034,348

Club or Co-Op Income
Income From Members	$88,860,351
Income From Other Sources	$6,231,466

Compensation

Key Employees and Officers	Compensation	Related	Other
Don Taylor (President)	$474,744	$0	$143,541
Leonard Joe Priestley (Vp Utility Services)	$202,803	$0	$61,050
Ryan Campbell (Vp Electric Distribtuion)	$196,912	$0	$103,392
Brian Felker (Construction Foreman)	$183,952	$0	$43,829
Greg Yakle (Manager Of Engineering)	$165,326	$0	$75,803
Mark Schaley (Maintenance Foreman)	$161,875	$0	$74,217
Mike Nelson (Northern Region Manager)	$142,181	$0	$88,781
Norm Dunlap (Mgr Construction & Maintenanc)	$140,309	$0	$109,718
Lynn Oleson (Dir Of Accounting & Finance)	$138,127	$0	$87,129
Rae Payne (Chairman Of The Board)	$29,500	$0	$0
Jerry Starkey (Director)	$22,450	$0	$0
Barbara Metzger (Director)	$21,650	$0	$0
Dennis Fredrickson (Vice Chairman)	$20,600	$0	$0
Peter Borowski (Secretary Treasurer)	$20,550	$0	$0
Janice Reimer (Assist Sec Treasurer)	$20,050	$0	$0
Kay Werts (Director)	$14,700	$0	$0
Frank Koblisek (Director)	$13,550	$0	$0
Terry Longman (Director)	$13,400	$0	$0
Denise Mayes (Director)	$11,700	$0	$0
Beth Beachy (Director)	$9,400	$0	$0

+ View more people

990

Filed on Sept. 24, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$84,053,489

Expenses

$84,053,489

Net Income

Net Assets

$112,017,381

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$84,000,367	99.9%
Investment Income	$215,719	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$51,697	0.1%
Net Fundraising	$0
Sales of Assets	-$234,578
Net Inventory Sales	$0
Other Revenue	$20,284	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,497,998	1.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,188,939	1.4%

Assets/Debt
Total Assets	$222,517,545
Total Liabilities	$110,500,164
Net Assets	$112,017,381

Club or Co-Op Income
Income From Members	$85,400,740
Income From Other Sources	$2,249,264

Compensation

Key Employees and Officers	Compensation	Related	Other
Don Taylor (President)	$434,645	$0	$54,129
Leonard Joe Priestley (Vp Utility S)	$189,980	$0	$81,311
Ryan Campbell (Vp Electric)	$179,763	$0	$121,656
Brian Felker (Ug Foreman)	$170,303	$0	$59,115
Greg Yakle (Mgr Of Engin)	$154,978	$0	$86,012
Mark Schaley (Maintenance)	$137,589	$0	$87,465
Mike Nelson (Northern Reg)	$136,973	$0	$105,660
Norm Dunlop (Mgr Of Const)	$133,494	$0	$117,350
Lynn Oleson (Dir Of Acctg)	$131,042	$0	$106,172
Rae Payne (Chairman Of)	$26,600	$0	$0
Peter Borowski (Secretary Tr)	$20,500	$0	$0
Jerry Starkey (Director)	$19,100	$0	$0
Dennis Fredrickson (Vice Chairma)	$18,500	$0	$0
Janice Reimer (Assist Sec T)	$17,700	$0	$0
Kay Werts (Director)	$17,650	$0	$0
Jesse Slager (Director)	$16,850	$0	$0
Frank Kobilsek (Director)	$16,750	$0	$0
Barbara Metzger (Director)	$15,650	$0	$0
Terry Longman (Director)	$12,900	$0	$0
Denise Mayes (Director)	$10,500	$0	$0
Robert Angus (Director)	$6,600	$0	$0

+ View more people

990

Filed on Sept. 29, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2021

Revenue

$84,317,914

Expenses

$82,037,514

Net Income

$2,280,400

Net Assets

$113,448,015

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,280,400	2.7%
Program Services	$81,083,994	96.2%
Investment Income	$317,555	0.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$78,497	0.1%
Net Fundraising	$0
Sales of Assets	$135,723	0.2%
Net Inventory Sales	$0
Other Revenue	$421,745	0.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,492,127	1.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,040,876	1.3%

Assets/Debt
Total Assets	$225,280,163
Total Liabilities	$111,832,148
Net Assets	$113,448,015

Club or Co-Op Income
Income From Members	$79,999,517
Income From Other Sources	$3,120,313

Compensation

Key Employees and Officers	Compensation	Related	Other
Don Taylor (President)	$403,828	$0	$195,867
Leonard Joe Priestley (Vp Utility S)	$185,410	$0	$27,926
Brian Felker (Ug Foreman)	$182,791	$0	$38,765
Ryan Campbell (Vp Electric)	$169,547	$0	$122,350
Greg Yakle (Mgr Of Engin)	$148,111	$0	$79,480
Mark Schaley (Maintenance)	$147,783	$0	$64,099
Brandon Curtis (Construction)	$140,004	$0	$39,511
Mike Nelson (Northern Reg)	$134,123	$0	$66,209
Lynn Oleson (Dir Of Acctg)	$127,055	$0	$73,719
Rae Payne (Chairman Of)	$28,825	$0	$0
Kay Werts (Director)	$20,350	$0	$0
Peter Borowski (Secretary Tr)	$18,575	$0	$0
Jerry Starkey (Director)	$16,900	$0	$0
Jesse Slager (Director)	$16,850	$0	$0
Janice Reimer (Assist Sec T)	$16,475	$0	$0
Dennis Fredrickson (Vice Chairma)	$14,075	$0	$0
Frank Kobilsek (Director)	$13,900	$0	$0
Robert Angus (Director)	$10,250	$0	$0
Terry Longman (Director)	$9,100	$0	$0
Laverne Malone (Director)	$7,225	$0	$0
Denise Mayes (Director)	$6,700	$0	$0
Barbara Metzger (Director)	$3,875	$0	$0
Charles Meissenheimer (Director)	$3,325	$0	$0
Albert Hagenbuch (Director)	$0	$0	$0

+ View more people

990

Filed on Sept. 7, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$80,848,248

Expenses

$80,848,248

Net Income

Net Assets

$106,468,104

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$80,469,058	99.5%
Investment Income	$192,946	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$74,399	0.1%
Net Fundraising	$0
Sales of Assets	$47,538	0.1%
Net Inventory Sales	$0
Other Revenue	$64,307	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,401,443	1.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,039,523	1.3%

Assets/Debt
Total Assets	$225,445,470
Total Liabilities	$118,977,366
Net Assets	$106,468,104

Club or Co-Op Income
Income From Members	$79,355,441
Income From Other Sources	$3,655,627

Compensation

Key Employees and Officers	Compensation	Related	Other
Don Taylor (President)	$355,334	$0	$197,384
Steve Hancock (Vp Electric)	$174,183	$0	$80,491
Brian Felker (Ug Foreman)	$173,119	$0	$47,049
Leonard Joe Priestley (Vp Utility S)	$171,653	$0	$52,213
Adam Knudsen (Journeyman)	$164,003	$0	$42,967
Jamie Lind (Construction)	$154,225	$0	$59,716
Mark Schaley (Maintenance)	$152,838	$0	$72,793
Joe Law (Journeyman)	$148,495	$0	$24,318
Lynn Oleson (Dir Of Acctg)	$122,122	$0	$88,314
Rae Payne (Chairman Of)	$23,850	$0	$0
Peter Borowski (Director)	$16,275	$0	$0
Jerry Starkey (Director)	$14,975	$0	$0
Kay Werts (Director)	$13,225	$0	$0
Janice Reimer (Assist Sec T)	$12,250	$0	$0
Dennis Fredrickson (Director)	$11,675	$0	$0
Robert Angus (Director)	$11,225	$0	$0
Jesse Slager (Director)	$11,075	$0	$0
Laverne Malone (Director)	$10,375	$0	$0
Terry Longman (Director)	$10,125	$0	$0
Albert Hagenbuch (Secretary Tr)	$8,424	$0	$0
Denise Mayes (Director)	$6,225	$0	$0
Charles Meissenheimer (Vice Chairma)	$6,175	$0	$0
Frank Kobilsek (Director)	$3,875	$0	$0

+ View more people

990

Filed on Sept. 1, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2019

Revenue

$82,444,859

Expenses

$82,444,859

Net Income

Net Assets

$103,878,505

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$82,161,762	99.7%
Investment Income	$100,009	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$60,869	0.1%
Net Fundraising	$0
Sales of Assets	$76,964	0.1%
Net Inventory Sales	$0
Other Revenue	$45,255	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,362,967	1.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$212,494,414
Total Liabilities	$108,615,909
Net Assets	$103,878,505

Club or Co-Op Income
Income From Members	$80,441,161
Income From Other Sources	$3,166,238

Compensation

Key Employees and Officers	Compensation	Related	Other
Don Taylor (President)	$310,335	$0	$196,987
Steve Hancock (V P Of Electric Distribution)	$159,940	$0	$130,526
Brian Felker (Ug Foreman)	$149,707	$0	$41,159
Leonard Joe Priestley (Vice President Of Utility Services)	$148,728	$0	$36,708
Mark Schaley (Maint Foreman)	$135,902	$0	$68,221
Ryan Campbell (Op Manager Central)	$135,701	$0	$55,457
Michael Nelson (Op Manager North)	$132,196	$0	$71,501
Adam Knudsen (Journeyman)	$128,375	$0	$41,211
Lynn Oleson (Controller)	$116,685	$0	$74,083
Rae Payne (Chairman)	$23,850	$0	$0
Peter Borowski (Director)	$20,900	$0	$0
Janice Reimer (Treasurer)	$19,875	$0	$0
Jerry Starkey (Director)	$18,250	$0	$0
Dennis Fredrickson (Director)	$17,600	$0	$0
Albert Hagenbuch (Secretary)	$13,625	$0	$0
Terry Longman (Director)	$13,250	$0	$0
Jesse Slager (Director)	$13,050	$0	$0
Robert Angus (Director)	$11,925	$0	$0
Laverne Malone (Director)	$11,650	$0	$0
Charles Meissenheimer (Vice President)	$10,600	$0	$0
Gary Archey (Director)	$7,475	$0	$0
Denise Mayes (Director)	$6,450	$0	$0
Kay Werts (Director)	$475	$0	$0

+ View more people

990

Filed on Sept. 25, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2018

Revenue

$84,666,168

Expenses

$84,664,564

Net Income

$1,604

Net Assets

$105,284,648

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$84,134,608	99.4%
Investment Income	$95,061	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$60,982	0.1%
Net Fundraising	$0
Sales of Assets	$2,694	0.0%
Net Inventory Sales	$0
Other Revenue	$372,823	0.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,240,583	1.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$210,271,203
Total Liabilities	$104,986,555
Net Assets	$105,284,648

Club or Co-Op Income
Income From Members	$81,878,282
Income From Other Sources	$3,667,410

Compensation

Key Employees and Officers	Compensation	Related	Other
Don Taylor (President)	$278,277	$0	$174,831
Brian Felker (Ug Foreman)	$160,126	$0	$42,671
Steve Hancock (Vice President Of Electric Distribution)	$158,793	$0	$76,155
Kacy Wickenhauser (Vice President Of Utility Services)	$138,497	$0	$48,315
Mark Schaley (Maintenance Foreman)	$138,254	$0	$69,033
Ryan Campbell (Operations Manager Central)	$132,456	$0	$62,983
Jamie Lind (Maintenance Foreman)	$131,888	$0	$57,980
Michael Conway (Maintenance Foreman)	$129,801	$0	$37,107
Lynn Oleson (Director Of Accounting & Finance)	$113,013	$0	$76,652
Rae Payne (Chairman Of Board)	$21,450	$0	$0
Peter Borowski (Board Member)	$18,650	$0	$0
Jerry Starkey (Board Member)	$18,275	$0	$0
Dennis Fredrickson (Board Member)	$15,925	$0	$0
Janice Reimer (Assist. Secretary Treasurer)	$15,475	$0	$0
Robert Angus (Board Member)	$15,025	$0	$0
Jesse Slager (Board Member)	$13,775	$0	$0
Laverne Malone (Board Member)	$12,225	$0	$0
Albert Hagenbuch (Secretary Treasurer)	$11,075	$0	$0
Charles Meisenheimer (Vice Chairman Of Board)	$9,650	$0	$0
Gary Archey (Board Member)	$8,775	$0	$0
Terry Longman (Board Member)	$8,250	$0	$0
Denise Mayes (Board Member)	$6,450	$0	$0
Stephen Schertz (Board Member)	$1,050	$0	$0

+ View more people

990

Filed on Oct. 14, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2017

Revenue

$81,398,729

Expenses

$85,000,144

Net Income

-$3,601,415

Net Assets

$97,158,498

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$81,088,294	99.6%
Investment Income	$100,055	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$76,860	0.1%
Net Fundraising	$0
Sales of Assets	$77,476	0.1%
Net Inventory Sales	$0
Other Revenue	$56,044	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,492,160	1.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$3,522,615	4.1%

Assets/Debt
Total Assets	$207,746,400
Total Liabilities	$110,587,902
Net Assets	$97,158,498

Club or Co-Op Income
Income From Members	$76,605,051
Income From Other Sources	$3,147,779

Compensation

Key Employees and Officers	Compensation	Related	Other
Don Taylor (President)	$258,193	$0	$140,788
Steve Hancock (Vp Of Electric Distribution)	$155,825	$0	$61,758
Brian Felker (Ug Foreman)	$147,565	$0	$38,718
Ryan Campbell (Operations Manager Central)	$129,125	$0	$58,111
Bret Richards (Construction Foreman)	$129,010	$0	$43,360
Shane Bollhorst (Maintenance Foreman)	$128,896	$0	$46,693
Mark Schaley (Maintenance Foreman)	$128,145	$0	$62,810
Kacy Wickenhauser (Vp Of Utility Services)	$127,093	$0	$42,160
Lynn Oleson (Director Of Accounting & Finance)	$109,658	$0	$73,622
Rae Payne (Chairman Of The Board)	$20,300	$0	$0
Peter Borowski (Director)	$18,650	$0	$0
Robert Angus (Director)	$18,300	$0	$0
Dennis Fredrickson (Director)	$17,200	$0	$0
Jesse Slager (Director)	$17,150	$0	$0
Jerry Starkey (Director)	$15,400	$0	$0
Janice Reimer (Asst. Secretary Treasurer)	$15,150	$0	$0
Albert Hagenbush (Sectretary Treasurer)	$12,950	$0	$0
Charles Meisenheimer (Vice Chair)	$10,050	$0	$0
Laverne Malone (Director)	$9,900	$0	$0
Stephen Schertz (Director)	$9,650	$0	$0
Gary Archey (Director)	$7,700	$0	$0
Denise Mayes (Director)	$6,250	$0	$0

+ View more people

990

Filed on Sept. 30, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2016

Revenue

$84,502,854

Expenses

$76,499,480

Net Income

$8,003,374

Net Assets

$98,989,371

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$81,504,183	96.5%
Investment Income	$94,019	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$70,022	0.1%
Net Fundraising	$0
Sales of Assets	-$1,967
Net Inventory Sales	$0
Other Revenue	$2,836,597	3.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$501,838	0.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$3,976,531	5.2%

Assets/Debt
Total Assets	$205,926,416
Total Liabilities	$106,937,045
Net Assets	$98,989,371

Club or Co-Op Income
Income From Members	$81,452,521
Income From Other Sources	$3,050,755

Compensation

Key Employees and Officers	Compensation	Related	Other
Don Taylor (President)	$241,976	$0	$125,907
Steve Hancock (Vp Electric)	$152,320	$0	$77,013
Michael Volker (Vp Of Utilit)	$141,205	$0	$89,051
Ron Hopkins (Special Proj)	$130,614	$0	$73,254
Ryan Campbell (Operations M)	$125,878	$0	$51,773
Mark Schaley (Maintenance)	$122,620	$0	$59,747
Lynn Oleson (Accounting D)	$104,212	$0	$67,822
Rae Payne (Board Chairm)	$22,150	$0	$0
Jerry Starkey (Board Member)	$16,250	$0	$0
Janice Reimer (Asst.Secreta)	$15,200	$0	$0
Robert Angus (Board Member)	$14,350	$0	$0
Jesse Slager (Board Member)	$12,300	$0	$0
Charles Meisenheimer (Vice Chairma)	$10,650	$0	$0
Albert Hagenbuch (Secretary/Tr)	$10,050	$0	$0
Stephen Schertz (Board Member)	$9,900	$0	$0
Laverne Malone (Board Member)	$9,650	$0	$0
Dennis Fredrickson (Board Member)	$9,550	$0	$0
Denise Mayes (Board Member)	$8,100	$0	$0
Gary Archey (Board Member)	$7,900	$0	$0
Peter Borowski (Board Member)	$6,300	$0	$0
Robert Whitwood (Board Member)	$3,300	$0	$0

+ View more people

990

Filed on Oct. 31, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$83,011,198

Expenses

$76,006,918

Net Income

$7,004,280

Net Assets

$91,119,695

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$80,419,069	96.9%
Investment Income	$97,216	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$74,500	0.1%
Net Fundraising	$0
Sales of Assets	-$25,412
Net Inventory Sales	$0
Other Revenue	$2,445,825	2.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$479,982	0.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$3,928,520	5.2%

Assets/Debt
Total Assets	$202,032,646
Total Liabilities	$110,912,951
Net Assets	$91,119,695

Club or Co-Op Income
Income From Members	$80,361,080
Income From Other Sources	$2,722,700

Compensation

Key Employees and Officers	Compensation	Related	Other
Don Taylor (President)	$227,816	$0	$116,184
Steve Hancock (Vp Electric)	$145,573	$0	$69,861
Michael Volker (Vp Of Utilit)	$143,225	$0	$88,861
Brian Felker (Maintenance)	$128,554	$0	$29,693
Ron Hopkins (Operations M)	$125,099	$0	$80,287
Mark Schaley (Maintenance)	$122,722	$0	$59,757
Robert Fischbach (Mgr Of Offic)	$118,506	$0	$3,492
Lynn Oleson (Accounting D)	$98,566	$0	$61,782
Rae Payne (Board Chairm)	$20,650	$0	$0
Janice Reimer (Secretary/Tr)	$17,350	$0	$0
Jerry Starkey (Board Member)	$15,750	$0	$0
Dennis Fredrickson (Board Member)	$13,800	$0	$0
Albert Hagenbuch (Board Member)	$12,850	$0	$0
Stephen Schertz (Board Member)	$11,850	$0	$0
Robert Angus (Board Member)	$11,350	$0	$0
Charles Meisenheimer (Vice Chairma)	$10,350	$0	$0
Jesse Slager (Board Member)	$9,400	$0	$0
Gary Archey (Board Member)	$9,350	$0	$0
Robert Whitwood (Board Member)	$9,150	$0	$0
Laverne Malone (Board Member)	$7,500	$0	$0
Denise Mayes (Board Member)	$4,250	$0	$0

+ View more people

990

Filed on Aug. 2, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

PDF (2 of 2)

Fiscal Year Ending Dec.
2014

Revenue

$85,961,215

Expenses

$78,826,847

Net Income

$7,134,368

Net Assets

$90,993,834

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$83,051,037	96.6%
Investment Income	$93,030	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$437,445	0.5%
Net Inventory Sales	$0
Other Revenue	$2,379,703	2.8%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$509,407	0.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$4,032,210	5.1%

Assets/Debt
Total Assets	$205,142,367
Total Liabilities	$114,148,533
Net Assets	$90,993,834

Club or Co-Op Income
Income From Members	$82,929,163
Income From Other Sources	$2,993,005

Compensation

Key Employees and Officers	Compensation	Related	Other
Jeff Reeves (President)	$448,270	$0	$395,616
Don Taylor (President)	$216,416	$0	$78,989
Robert Fischbach (Mgr Of Offic)	$129,411	$0	$82,540
Brian Felker (Maintenance)	$125,388	$0	$20,771
Ron Hopkins (Special Proj)	$121,836	$0	$63,941
Larry Young (Operations M)	$120,710	$0	$47,990
Ryan Campbell (Operations A)	$116,720	$0	$40,724
Mark Schaley (Maintenance)	$114,238	$0	$51,923
Rae Payne (Board Chairm)	$19,550	$0	$0
Jerry Starkey (Board Member)	$16,000	$0	$0
Dennis Fredrickson (Board Member)	$15,900	$0	$0
Robert Angus (Board Member)	$14,550	$0	$0
Ralph Steiger (Board Member)	$14,150	$0	$0
Janice Reimer (Secretary/Tr)	$13,680	$0	$0
Albert Hagenbuch (Board Member)	$13,500	$0	$0
Laverne Malone (Board Member)	$11,400	$0	$0
Robert Whitwood (Board Member)	$10,350	$0	$0
Stephen Schertz (Board Member)	$9,800	$0	$0
Gary Archey (Board Member)	$9,550	$0	$0
Charles Meisenheimer (Vice Chairma)	$9,250	$0	$0
James Adams (Board Member)	$5,900	$0	$0

+ View more people

990

Filed on Nov. 4, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2013

Revenue

$81,461,701

Expenses

$81,188,531

Net Income

$273,170

Net Assets

$84,074,534

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$78,850,022	96.8%
Investment Income	$97,109	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$100,406	0.1%
Net Inventory Sales	$0
Other Revenue	$2,414,164	3.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,266,748	1.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$3,015,536	3.7%

Assets/Debt
Total Assets	$198,386,494
Total Liabilities	$114,311,960
Net Assets	$84,074,534

Club or Co-Op Income
Income From Members	$81,263,642
Income From Other Sources	$3,358,839

Compensation

Key Employees and Officers	Compensation	Related	Other
Jeffrey Reeves (President)	$312,385	$0	$51,187
Timothy Muellenberg (Vp Of Electric Distribution)	$147,282	$0	$64,152
Donald Taylor (Vp Of Utility Services)	$145,489	$0	$73,407
Brian Felker (Journeyman Lineman)	$131,730	$0	$26,037
Robert Fischbach (Mgr Of Office Servics)	$121,720	$0	$65,506
Larry Young (Mgr Of Construction & Maint)	$116,857	$0	$110,342
Ron Hopkins (Mgr Of Engineering)	$115,705	$0	$62,330
Rae Payne (Director)	$18,350	$0	$0
Jerry Starkey (Director)	$17,350	$0	$0
Dennis Fredrickson (Director)	$15,950	$0	$0
Janice Reimer (Director)	$15,430	$0	$0
Ralph Steiger (Director)	$15,000	$0	$0
Albert Hagenbuch (Director)	$14,250	$0	$0
Laverne Malone (Director)	$13,550	$0	$0
Charles Meisenheimer (Director)	$12,250	$0	$0
Gary Archey (Director)	$12,000	$0	$0
Robert Angus (Director)	$11,900	$0	$0
Stephen Schertz (Director)	$11,700	$0	$0
Robert Whitwood (Director)	$9,250	$0	$0
James Adams (Director)	$8,600	$0	$0

+ View more people

990

Filed on Nov. 12, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2012

Revenue

$79,251,126

Expenses

$79,251,126

Net Income

Net Assets

$81,547,008

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$76,828,142	96.9%
Investment Income	$97,073	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$12,020
Net Inventory Sales	$0
Other Revenue	$2,337,931	3.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,208,962	1.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$3,151,645	4.0%

Assets/Debt
Total Assets	$186,574,063
Total Liabilities	$105,027,055
Net Assets	$81,547,008

Club or Co-Op Income
Income From Members	$79,187,523
Income From Other Sources	$3,128,055

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$78,720,163

Expenses

$78,716,212

Net Income

$3,951

Net Assets

$73,625,883

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$76,343,271	97.0%
Investment Income	$101,240	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$7,018	0.0%
Net Inventory Sales	$0
Other Revenue	$2,268,634	2.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,206,357	1.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,962,783	3.8%

Assets/Debt
Total Assets	$182,288,000
Total Liabilities	$108,662,117
Net Assets	$73,625,883

Club or Co-Op Income
Income From Members	$76,335,830
Income From Other Sources	$3,619,563

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

Raw filing data. Includes EINs and summary financials as structured data.
Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated December 20, 2024

Corn Belt Electric Cooperative Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $91.3M (2023)

Expenses $91.3M (2023)

Total Assets $224M (2023)

Total Liabilities $105M (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Revenue

$91.3M (2023)

Expenses

$91.3M (2023)

Total Assets

$224M (2023)

Total Liabilities

$105M (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004