Corn Belt Energy Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 370228808 ✦ Bloomington, IL ✦ Designated as a 501(c)(12)

Overview

What is Corn Belt Energy Corporation?

The Corn Belt Energy Corporation is a cooperative based in Bloomington, Illinois, serving over 35,000 homes and businesses across 18 counties in central Illinois. Their mission is to improve the lives of their members and support their communities by collectively providing affordable energy with excellent customer service. The corporation operates in Bureau, Champaign, De Witt, Ford, Henry, Kendall, Knox, LaSalle, Livingston, Logan, Macon, Marshall, McLean, Piatt, Putnam, Stark, Tazewell, and Woodford Counties. With a workforce of 88 employees, they are dedicated to enhancing the quality of life for their members and contributing positively to their communities.


Official website here: www.cornbeltenergy.com

Is Corn Belt Energy Corporation legitimate?

Corn Belt Energy Corporation is a legitimate nonprofit organization registered as a 501(c)(12) entity. Corn Belt Energy Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $1,497,998
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,188,939

For more financial information, click here


Official website here: www.cornbeltenergy.com

What is the mission statement of Corn Belt Energy Corporation?

Corn Belt Energy Corporation strives to enhance the quality of life of its members and contribute to the communities it serves. It does so by cooperatively providing reasonably priced energy with exceptional service. This mission statement is reflected in the corporation's efforts to provide electric services to approximately 35,000 homes and businesses across 18 counties. By focusing on reasonable energy prices and exceptional service, Corn Belt Energy Corporation aims to make a positive impact on the lives of its customers. The corporation's commitment to its community is evident in its dedication to delivering reliable energy and exceptional customer service.


Official website here: www.cornbeltenergy.com

Who is the CEO of Corn Belt Energy Corporation?

Don Taylor is the President of Corn Belt Energy Corporation.


Official website here: www.cornbeltenergy.com

What is the revenue of Corn Belt Energy Corporation?

Corn Belt Energy Corporation's revenue in 2022 was $84,053,489.


Official website here: www.cornbeltenergy.com

Who are the executives of Corn Belt Energy Corporation and what are their salaries?

The average compensation at Corn Belt Energy Corporation during 2022 was $30,533. There are 88 employees at Corn Belt Energy Corporation.

Here are 21 key members and their salaries:

    Don Taylor (President)
  • Compensation: $434,645
  • Related: $0
  • Other: $54,129

    • Ryan Campbell (Vp Electric)
  • Compensation: $179,763
  • Related: $0
  • Other: $121,656

    • Leonard Joe Priestley (Vp Utility S)
  • Compensation: $189,980
  • Related: $0
  • Other: $81,311

    • Norm Dunlop (Mgr Of Const)
  • Compensation: $133,494
  • Related: $0
  • Other: $117,350

    • Mike Nelson (Northern Reg)
  • Compensation: $136,973
  • Related: $0
  • Other: $105,660

    • Greg Yakle (Mgr Of Engin)
  • Compensation: $154,978
  • Related: $0
  • Other: $86,012

    • Lynn Oleson (Dir Of Acctg)
  • Compensation: $131,042
  • Related: $0
  • Other: $106,172

    • Brian Felker (Ug Foreman)
  • Compensation: $170,303
  • Related: $0
  • Other: $59,115

    • Mark Schaley (Maintenance)
  • Compensation: $137,589
  • Related: $0
  • Other: $87,465

    • Rae Payne (Chairman Of) [Trustee/Director]
  • Compensation: $26,600
  • Related: $0
  • Other: $0

    • Peter Borowski (Secretary-Tr) [Trustee/Director]
  • Compensation: $20,500
  • Related: $0
  • Other: $0

    • Jerry Starkey (Director)
  • Compensation: $19,100
  • Related: $0
  • Other: $0

    • Dennis Fredrickson (Vice Chairma) [Trustee/Director]
  • Compensation: $18,500
  • Related: $0
  • Other: $0

    • Janice Reimer (Assist Sec-T) [Trustee/Director]
  • Compensation: $17,700
  • Related: $0
  • Other: $0

    • Kay Werts (Director)
  • Compensation: $17,650
  • Related: $0
  • Other: $0

    • Jesse Slager (Director)
  • Compensation: $16,850
  • Related: $0
  • Other: $0

    • Frank Kobilsek (Director)
  • Compensation: $16,750
  • Related: $0
  • Other: $0

    • Barbara Metzger (Director)
  • Compensation: $15,650
  • Related: $0
  • Other: $0

    • Terry Longman (Director)
  • Compensation: $12,900
  • Related: $0
  • Other: $0

    • Denise Mayes (Director)
  • Compensation: $10,500
  • Related: $0
  • Other: $0

    • Robert Angus (Director)
  • Compensation: $6,600
  • Related: $0
  • Other: $0


  • Official website here: www.cornbeltenergy.com

    Where can I find the form 990 for Corn Belt Energy Corporation?

    The Corn Belt Energy Corporation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.cornbeltenergy.com

    Learn more at the official website: www.cornbeltenergy.com

    Mission Statement of Corn Belt Energy Corporation

    Corn Belt Energy Corporation, a cooperative entity, strives to improve the living standards of its members and contribute to the communities it serves. The organization is dedicated to providing affordable energy solutions alongside exceptional customer service. With a presence in Central Illinois, Corn Belt Energy Corporation powers over 35,000 homes and businesses across 18 counties, including Bureau, Champaign, De Witt, Ford, Henry, Kendall, Knox, LaSalle, Livingston, Logan, Macon, Marshall, McLean, Piatt, Putnam, Stark, Tazewell, and Woodford.

    At the heart of Corn Belt Energy Corporation's mission lies the commitment to enhancing the quality of life for its members and the communities it supports. By collaborating cooperatively, the organization provides energy services that cater to the needs of its clients, ensuring that the energy they consume is both reasonable in price and reliable in delivery. This approach not only benefits the consumers but also fosters a strong sense of community and mutual support among its members.

    Corn Belt Energy Corporation's unwavering mission extends beyond the provision of energy services. The organization's focus on exceptional customer service ensures that its members receive personalized attention, addressing their queries and concerns in a timely and effective manner. This commitment to service excellence has earned Corn Belt Energy Corporation a reputation as a trusted energy provider in Central Illinois. In conclusion, Corn Belt Energy Corporation, a cooperative entity serving Central Illinois, is dedicated to enhancing the quality of life of its members and supporting the communities it serves by cooperatively providing affordable energy with exceptional customer service.

    Impact

    This information is meant to be a general summary of Corn Belt Energy Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Corn Belt Energy Corporation's impact is significant in enhancing the quality of life for its members and supporting the communities it serves by cooperatively providing reasonably priced energy with exceptional service. The organization provides electric services to over 35,000 homes and businesses throughout 18 counties in central Illinois, including Bureau, Champaign, De Witt, Ford, Henry, Kendall, Knox, La Salle, Livingston, Logan, Macon, Marshall, McLean, Piatt, Putnam, Stark, Tazewell, and Woodford counties. This directly contributes to the economic development, comfort, and well-being of individuals and businesses in the region.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $-18,859
  • Program Service Revenue: $84,000,367
  • Gross Receipts: $84,620,298

    • Assets and Liabilities:
  • Total Assets: $222,517,545
  • Total Liabilities: $110,500,164
  • Net Assets: $112,017,381
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    ELECTRIC SALES

    Revenue

    $82,147,200

    CAPITAL CREDITS

    Revenue

    $1,806,207

    POLE ATTACHMENT

    Revenue

    $48,980

    OTHER PROGRAM SERVICES

    Revenue

    $-2,020

    Organization Details

    Founding Year

    1938

    Principal Officer

    Don Taylor

    Main Address

    ONE ENERGY WAY, BLOOMINGTON, IL, 617056356

    NTEE Category

    Code: W80 - Public benefit

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