Overview
What is Corn Belt Power Cooperative?
Corn Belt Power Cooperative is a nonprofit organization headquartered in Humboldt, Iowa. Their primary focus revolves around generating and transmitting electrical energy to nine rural service cooperatives and one municipal electrical cooperative within their network. By executing this mission, they aim to improve the overall quality of life for their members, employees, and the communities they serve. The cooperative employs a team of 93 individuals, all contributing to the larger process of power production and distribution.
Official website here: www.cbpower.coop
Is Corn Belt Power Cooperative legitimate?
Corn Belt Power Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Corn Belt Power Cooperative 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: $1,840,582
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,606,416
For more financial information, click here
Official website here: www.cbpower.coop
What is the mission statement of Corn Belt Power Cooperative?
The Corn Belt Power Cooperative is dedicated to enhancing the quality of life for its members, employees, and local communities. This mission is carried out through the cooperative's primary activity of generating and transmitting electrical energy to nine rural service cooperatives and one municipal electrical cooperative. Each aspect of this process contributes to the overall goal of improving lives. By providing reliable and efficient energy services, the cooperative plays a crucial role in supporting the daily needs and economic development of the communities it serves. Additionally, the cooperative's commitment to its mission extends beyond energy production, as it strives to make a positive impact on the well-being of its members and employees.
Official website here: www.cbpower.coop
Who is the CEO of Corn Belt Power Cooperative?
David Onken is the President of Corn Belt Power Cooperative.
Official website here: www.cbpower.coop
What is the revenue of Corn Belt Power Cooperative?
Corn Belt Power Cooperative's revenue in 2022 was $168,893,187.
Official website here: www.cbpower.coop
Who are the executives of Corn Belt Power Cooperative and what are their salaries?
The average compensation at Corn Belt Power Cooperative during 2022 was $80,075. There are 93 employees at Corn Belt Power Cooperative.
Here are 21 key members and their salaries:
- Karen K Berte (Sr Vp Finance And Administration)
- Kenneth H Kuyper (Executive Vp And General Manager)
- Kevin W Bornhoft (Vp Engineering And System Operations)
- Jacob Olberding (Vp Power Supply)
- Ryan Cornelius (Vp Corporate Relations)
- Patrick Connor (Plant Manager)
- Daniel Shiflett (Row & Construction Superintendent)
- Larry Brusseau (Compliance Director)
- Brittany Dickey (Vp Business Development)
- Jon Behounek (Chief System Operator)
- David Onken (President) [Trustee/Director]
- Dale Schaefer (Vice President) [Trustee/Director]
- Brad Honold (Director)
- Gary Poppe (Director)
- Larry Rohach (Treasurer) [Trustee/Director]
- Ted Hall (Director)
- Jerry Beck (Secretary) [Trustee/Director]
- Laverne Arndt (Director)
- Rick Thompson (Director)
- Charles Gilbert (Director)
- Steve Boedecker (Director)
Official website here: www.cbpower.coop
Where can I find the form 990 for Corn Belt Power Cooperative?
The Corn Belt Power Cooperative’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.cbpower.coop
Learn more at the official website: www.cbpower.coop
Mission Statement of Corn Belt Power Cooperative
Corn Belt Power Cooperative, a key player in the electrical energy sector, is dedicated to improving the living standards for its members, employees, and the communities it serves. This Midwest cooperative's mission is multifaceted, encompassing the generation and transmission of electrical energy to nine rural member cooperatives and one municipal cooperative.
At the heart of Corn Belt Power Cooperative's operations lies the transformation of raw energy sources into usable electrical power. This process is vital to the cooperative's mission of enhancing the quality of life for its members. Each step in this process - from the generation of electrical energy to its transmission to the cooperatives - contributes to the larger goal of providing reliable and efficient power to its members.
Corn Belt Power Cooperative's mission goes beyond just the provision of electrical energy. It strives to make a positive impact on the lives of its members and the communities it serves. By focusing on the betterment of its members, employees, and the communities it touches, Corn Belt Power Cooperative is able to create a stronger and more connected network of individuals and organizations. In doing so, it fosters a sense of community and collaboration, ultimately enhancing the overall quality of life for all those involved.
Impact
This information is meant to be a general summary of Corn Belt Power Cooperative. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Corn Belt Power Cooperative's impact lies in its crucial role in generating and transmitting electrical energy to its member organizations. By effectively carrying out these activities, Corn Belt Power Cooperative significantly contributes to meeting the energy needs of its 9 member rural service cooperatives and its one member municipal electrical cooperative. This, in turn, helps in powering homes, businesses, and communities, thereby enhancing the overall quality of life for individuals residing in these areas.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Electric Energy sales
Revenue
$133,281,214
RTO revenue
Revenue
$14,982,828
Patronage allocation
Revenue
$14,968,534
Substation and tower use fees
Revenue
$4,087,537
Wheeling Fees
Revenue
$34,357
Organization Details
Founding Year
1947
Phone
(515) 332-2571
Principal Officer
David Onken
Main Address
PO Box 508, Humboldt, IA, 50548
Website
www.cbpower.coop
NTEE Category
Code: W80 - Public benefit
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