CORN BELT ELECTRIC COOPERATIVE INC: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization: CORN BELT ELECTRIC COOPERATIVE INC (EIN 37-0228808)
Tax period: 2023-01-01 to 2023-12-31
Filed: 2024-09-24
IRS object ID: 202412689349300036
Schema version: 2023v5.1
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule D
Schedule I
Schedule J
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2024-09-24T13:56:30-04:00	ReturnTs
Tax Period End	2023-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	743040374	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	Kelso Lynch PC PA	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	6700 Squibb Rd Ste 215	AddressLine1Txt
City	Mission	CityNm
State Abbreviation	KS	StateAbbreviationCd
ZIP	662023252	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2023-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	370228808	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Corn Belt Energy Corporation	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	CORN	BusinessNameControlTxt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	One Energy Way	AddressLine1Txt
City	Bloomington	CityNm
State Abbreviation	IL	StateAbbreviationCd
ZIP	617056356	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	Don Taylor	PersonNm
Person Title	President	PersonTitleTxt
Phone	3096625330	PhoneNum
Signature	2024-09-18	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	Yes (true)	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	George Lynch	PreparerPersonNm
PTIN	P00187596	PTIN
Phone	9138311150	PhoneNum
Preparation	2024-09-24	PreparationDt

Field	Value	IRS element (for citing)
Tax	2023	TaxYr
Build TS	2024-08-08 14:25:15Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	Don Taylor	PrincipalOfficerNm
Gross Receipts	$91,371,554	GrossReceiptsAmt
Group Return For Affiliates	false	GroupReturnForAffiliatesInd
Organization501c	Yes (X)	Organization501cInd
Website Address	www.cornbeltenergy.com	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1938	FormationYr
Legal Domicile State	IL	LegalDomicileStateCd
Activity Or Mission	To enhance the quality of life of our members and support the communities we serve by cooperatively providing reasonably priced energy with exceptional service.	ActivityOrMissionDesc
Voting Members Governing Body	11	VotingMembersGoverningBodyCnt
Voting Members Independent	11	VotingMembersIndependentCnt
Total Employee	91	TotalEmployeeCnt
Total Gross UBI	$45,361	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$44,361	NetUnrelatedBusTxblIncmAmt
CY Contributions Grants	$0	CYContributionsGrantsAmt
PY Program Service Revenue	$84,000,367	PYProgramServiceRevenueAmt
CY Program Service Revenue	$91,022,597	CYProgramServiceRevenueAmt
PY Investment Income	-$18,859	PYInvestmentIncomeAmt
CY Investment Income	$234,704	CYInvestmentIncomeAmt
PY Other Revenue	$71,981	PYOtherRevenueAmt
CY Other Revenue	$74,412	CYOtherRevenueAmt
PY Total Revenue	$84,053,489	PYTotalRevenueAmt
CY Total Revenue	$91,331,713	CYTotalRevenueAmt
PY Grants And Similar Paid	$5,625	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$19,500	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$4,713,509	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$5,704,140	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$2,686,937	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$2,791,238	CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$76,647,418	PYOtherExpensesAmt
CY Other Expenses	$82,816,835	CYOtherExpensesAmt
PY Total Expenses	$84,053,489	PYTotalExpensesAmt
CY Total Expenses	$91,331,713	CYTotalExpensesAmt
CY Revenues Less Expenses	$0	CYRevenuesLessExpensesAmt
Total Assets BOY	$222,517,545	TotalAssetsBOYAmt
Total Assets EOY	$224,077,494	TotalAssetsEOYAmt
Total Liabilities BOY	$110,500,164	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$105,043,146	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$112,017,381	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$119,034,348	NetAssetsOrFundBalancesEOYAmt
Mission	To enhance the quality of life of our members and support the communities we serve by cooperatively providing reasonably priced energy with exceptional service.	MissionDesc
Significant New Program Srvc	false	SignificantNewProgramSrvcInd
Significant Change	false	SignificantChangeInd
Desc	Provide 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.	Desc
Described In Section501c3	false	DescribedInSection501c3Ind
Schedule B Required	false	ScheduleBRequiredInd
Political Campaign Acty	false	PoliticalCampaignActyInd
Donor Advised Fund	false	DonorAdvisedFundInd
Conservation Easements	false	ConservationEasementsInd
Collections Of Art	false	CollectionsOfArtInd
Credit Counseling	false	CreditCounselingInd
Donor Rstr Or Quasi Endowments	false	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (true)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	false	ReportInvestmentsOtherSecInd
Report Program Related Invst	Yes (true)	ReportProgramRelatedInvstInd
Report Other Assets	false	ReportOtherAssetsInd
Report Other Liabilities	Yes (true)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (true)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (true)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	false	ConsolidatedAuditFinclStmtInd
School Operating	false	SchoolOperatingInd
Foreign Office	false	ForeignOfficeInd
Foreign Activities	false	ForeignActivitiesInd
More Than5000 K To Org	false	MoreThan5000KToOrgInd
More Than5000 K To Individuals	false	MoreThan5000KToIndividualsInd
Professional Fundraising	false	ProfessionalFundraisingInd
Fundraising Activities	false	FundraisingActivitiesInd
Gaming Activities	false	GamingActivitiesInd
Operate Hospital	false	OperateHospitalInd
Grants To Organizations	Yes (true)	GrantsToOrganizationsInd
Grants To Individuals	Yes (true)	GrantsToIndividualsInd
Schedule J Required	Yes (true)	ScheduleJRequiredInd
Tax Exempt Bonds	false	TaxExemptBondsInd
Loan Outstanding	false	LoanOutstandingInd
Grant To Related Person	false	GrantToRelatedPersonInd
Business Rln With Org Mem	false	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	false	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	false	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	false	DeductibleNonCashContriInd
Deductible Art Contribution	false	DeductibleArtContributionInd
Terminate Operations	false	TerminateOperationsInd
Partial Liquidation	false	PartialLiquidationInd
Disregarded Entity	false	DisregardedEntityInd
Related Entity	false	RelatedEntityInd
Related Organization Ctrl Ent	false	RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp	false	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (true)	ScheduleORequiredInd
IRP Document	46	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (true)	BackupWthldComplianceInd
Employee	91	EmployeeCnt
Employment Tax Returns Filed	Yes (true)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	Yes (true)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (true)	Form990TFiledInd
Foreign Financial Account	false	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Taxable Party Notification	false	TaxablePartyNotificationInd
Nondeductible Contributions	false	NondeductibleContributionsInd
Members And Shr Gross Income	$88,860,351	MembersAndShrGrossIncomeAmt
Other Sources Gross Income	$6,231,466	OtherSourcesGrossIncomeAmt
Indoor Tanning Services	false	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	false	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	11	GoverningBodyVotingMembersCnt
Independent Voting Member	11	IndependentVotingMemberCnt
Family Or Business Rln	false	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	false	DelegationOfMgmtDutiesInd
Change To Org Documents	false	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	false	MaterialDiversionOrMisuseInd
Members Or Stockholders	Yes (true)	MembersOrStockholdersInd
Election Of Board Members	Yes (true)	ElectionOfBoardMembersInd
Decisions Subject To Approva	Yes (true)	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (true)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (true)	MinutesOfCommitteesInd
Officer Mailing Address	false	OfficerMailingAddressInd
Local Chapters	false	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (true)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (true)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (true)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (true)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (true)	WhistleblowerPolicyInd
Document Retention Policy	Yes (true)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (true)	CompensationProcessCEOInd
Compensation Process Other	Yes (true)	CompensationProcessOtherInd
Investment In Joint Venture	false	InvestmentInJointVentureInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Field	Value	IRS element (for citing)
Person	Lynn Oleson	PersonNm
Phone	3096625330	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	One Energy Way	AddressLine1Txt
City	Bloomington	CityNm
State Abbreviation	IL	StateAbbreviationCd
ZIP	617056356	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (20 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Key EmployeeKeyEmployeeInd	Highest Compensated EmployeeHighestCompensatedEmployeeInd	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd
Don Taylor
President	50.00	0.00	Yes (X)	$474,744	$0	$143,541
Ryan Campbell
VP Electric Distribtuion	50.00	0.00		$196,912	$0	$103,392	Yes (X)
Leonard Joe Priestley
VP Utility Services	50.00	0.00		$202,803	$0	$61,050	Yes (X)
Norm Dunlap
Mgr Construction & Maintenanc	50.00	0.00		$140,309	$0	$109,718		Yes (X)
Greg Yakle
Manager of Engineering	50.00	0.00		$165,326	$0	$75,803		Yes (X)
Mark Schaley
Maintenance Foreman	48.00	0.00		$161,875	$0	$74,217		Yes (X)
Mike Nelson
Northern Region Manager	50.00	0.00		$142,181	$0	$88,781		Yes (X)
Brian Felker
Construction Foreman	54.00	0.00		$183,952	$0	$43,829		Yes (X)
Lynn Oleson
Dir of Accounting & Finance	50.00	0.00	Yes (X)	$138,127	$0	$87,129
Rae Payne
Chairman of the Board	9.99	0.00		$29,500	$0	$0			Yes (X)
Jerry Starkey
Director	6.15	0.00		$22,450	$0	$0			Yes (X)
Barbara Metzger
Director	15.11	0.00		$21,650	$0	$0			Yes (X)
Dennis Fredrickson
Vice Chairman	7.02	0.00		$20,600	$0	$0			Yes (X)
Peter Borowski
Secretary-Treasurer	7.46	0.00		$20,550	$0	$0			Yes (X)
Janice Reimer
Assist Sec-Treasurer	5.32	0.00		$20,050	$0	$0			Yes (X)
Kay Werts
Director	7.78	0.00		$14,700	$0	$0			Yes (X)
Frank Koblisek
Director	5.03	0.00		$13,550	$0	$0			Yes (X)
Terry Longman
Director	4.14	0.00		$13,400	$0	$0			Yes (X)
Denise Mayes
Director	2.74	0.00		$11,700	$0	$0			Yes (X)
Beth Beachy
Director	1.79	0.00		$9,400	$0	$0			Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$2,003,779	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$787,460	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	42	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	false	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (true)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	false	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
Shearer Tree Service
PO Box 52	Oglesby	IL	61348	Contract Tree Crew	$882,762
Endrizzi Contracting
965 Corzine Road	Buncombe	IL	62912	Contract Tree Cree	$1,175,033
USIC Locating Services
PO Box 713359	Cincinnati	OH	45271	Line Location	$414,763
Tarter Construction
1012 Ekstam Dr Suite 1	Bloomington	IL	61704	Construction	$456,790
NISC
P O Box 1147	Mandan	ND	58554	Software	$481,506

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	8	CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	ExclusionExclusionAmt
Sale of Electricity	221000	$87,602,534	$87,602,534
Capital Credits	221000	$3,352,008	$3,352,008
Pole Attachment	221000	$68,453		$68,453
Other Program Services	221000	-$398	-$398

Field	Value	IRS element (for citing)
Total Program Service Revenue	$91,022,597	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$151,234	TotalRevenueColumnAmt
Exclusion	$151,234	ExclusionAmt

Gross Rents GrossRentsGrp

Field	Value	IRS element (for citing)
Real	$89,526	RealAmt

Less Rental Expenses LessRentalExpensesGrp

Field	Value	IRS element (for citing)
Real	$39,841	RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Real	$49,685	RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$49,685	TotalRevenueColumnAmt
Unrelated Business Revenue	$49,685	UnrelatedBusinessRevenueAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Other	$83,470	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Other	$83,470	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$83,470	TotalRevenueColumnAmt
Related Or Exempt Func Income	$83,470	RelatedOrExemptFuncIncomeAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	Unrelated Business RevenueUnrelatedBusinessRevenueAmt
Misc Non-Operating	221000	$29,051	$29,051
K-1 Cooperative Balloon	221000	-$4,324		-$4,324

Field	Value	IRS element (for citing)
Other Revenue Total	$24,727	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$91,331,713	TotalRevenueColumnAmt
Related Or Exempt Func Income	$91,066,665	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$45,361	UnrelatedBusinessRevenueAmt
Exclusion	$219,687	ExclusionAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part IX	Yes (X)	InfoInScheduleOPartIXInd

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$10,000	TotalAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

Field	Value	IRS element (for citing)
Total	$9,500	TotalAmt

Benefits To Members BenefitsToMembersGrp

Field	Value	IRS element (for citing)
Total	$5,704,140	TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$1,605,248	TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$1,185,990	TotalAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$3,631,649	TotalAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$12,025,281	TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt
Cost of Energy	$53,098,163	$53,098,163
Distribtution	$8,307,572	$8,307,572
Admin & General	$4,150,585	$4,150,585
Member Services	$1,588,300	$1,588,300

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$15,285	TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$91,331,713	TotalAmt
Program Services	$0	ProgramServicesAmt
Management And General	$0	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$828,518	BOYAmt
EOY	$765,607	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
EOY	$251,680	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$10,907,480	BOYAmt
EOY	$11,120,806	EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

Field	Value	IRS element (for citing)
BOY	$2,891,290	BOYAmt
EOY	$3,196,957	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$774,589	BOYAmt
EOY	$717,444	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$264,938,887	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$95,761,992	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$170,889,577	BOYAmt
EOY	$169,176,895	EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

Field	Value	IRS element (for citing)
BOY	$36,226,091	BOYAmt
EOY	$38,848,105	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$222,517,545	BOYAmt
EOY	$224,077,494	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$9,607,621	BOYAmt
EOY	$9,169,572	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$5,724,221	BOYAmt
EOY	$7,656,330	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$89,574,265	BOYAmt
EOY	$81,455,687	EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

Field	Value	IRS element (for citing)
EOY	$1,825,623	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$5,594,057	BOYAmt
EOY	$4,935,934	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$110,500,164	BOYAmt
EOY	$105,043,146	EOYAmt

Field	Value	IRS element (for citing)
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

Field	Value	IRS element (for citing)
BOY	$9,021,497	BOYAmt
EOY	$9,741,780	EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

Field	Value	IRS element (for citing)
BOY	$102,995,884	BOYAmt
EOY	$109,292,568	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$112,017,381	BOYAmt
EOY	$119,034,348	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$222,517,545	BOYAmt
EOY	$224,077,494	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	$0	ReconcilationRevenueExpnssAmt
Other Changes In Net Assets	$7,016,967	OtherChangesInNetAssetsAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	false	AccountantCompileOrReviewInd
FS Audited	Yes (true)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (true)	AuditCommitteeInd
Federal Grant Audit Required	false	FederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$1,209,271	OtherCostOrOtherBasisAmt
Book Value	$1,209,271	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$7,228,273	OtherCostOrOtherBasisAmt
Depreciation	$2,129,445	DepreciationAmt
Book Value	$5,098,828	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$256,501,343	OtherCostOrOtherBasisAmt
Depreciation	$93,632,547	DepreciationAmt
Book Value	$162,868,796	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$169,176,895	TotalBookValueLandBuildingsAmt

Invst Program Related Org InvstProgramRelatedOrgGrp (4 entries)

DescDesc	Book ValueBookValueAmt	Method ValuationMethodValuationCd
Subordinated Certificates	$2,275,258	C
Invest in Assocaited Organizations	$33,306,532	C
Other Investments	$1,952,421	C
Non-Utility Property	$1,313,894	C

Field	Value	IRS element (for citing)
Total Book Value Program Rltd	$38,848,105	TotalBookValueProgramRltdAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

Field	Value	IRS element (for citing)
Desc	Post Retirement Benefit Obligation	Desc
Amt	$4,935,934	Amt

Field	Value	IRS element (for citing)
Total Liability	$4,935,934	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$91,331,713	TotalRevEtcAuditedFinclStmtAmt
Revenue Subtotal	$91,331,713	RevenueSubtotalAmt
Total Revenue Per Form990	$91,331,713	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$85,627,573	TotExpnsEtcAuditedFinclStmtAmt
Expenses Subtotal	$85,627,573	ExpensesSubtotalAmt
Other Expenses Not Included	$5,704,140	OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt	$5,704,140	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$91,331,713	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc

ExplanationExplanationTxt

Other expenses included on Form 990 (Part XII, line 4b)

Margins Assigned to Members $5,704,140

Footnote for uncertain tax position under FIN 48 (Part X)

Management has evaluated the Cooperatives tax positions and concluded thatthe Cooperative has taken no uncertain tax positions that requireadjustment to the financial statements. While the Cooperative believes ithas adequately provided for all tax positions, amounts asserted by taxingauthorities could be different than the positions taken by the Cooperative.The Cooperative recognizes any interest and penalties asserted by taxingauthorities in income tax expense and with few exceptions, is no longersubject to federal, state, or local income tax examinations by taxauthoritiees for years before 2020.

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	false	GrantRecordsMaintainedInd

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	UIF Illinois Fire Safety Institute	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	506 S Wright St 209 HAB MC-339	AddressLine1Txt
City	Urbana	CityNm
State Abbreviation	IL	StateAbbreviationCd
ZIP	61801	ZIPCd

Field	Value	IRS element (for citing)
Recipient EIN	376000511	RecipientEIN
IRC Section	501c3	IRCSectionDesc
Cash Grant	$10,000	CashGrantAmt
Purpose Of Grant	Donation	PurposeOfGrantTxt

Field	Value	IRS element (for citing)
Total501c3 Org	1	Total501c3OrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

Field	Value	IRS element (for citing)
Grant Type	Education Grant Scholarships	GrantTypeTxt
Recipient	6	RecipientCnt
Cash Grant	$9,500	CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	Monitoring procedures (Part I, line 2)	FormAndLineReferenceDesc
Explanation	The scholarship program is a project based competition and submissions are judged by a panel of judges. The checks are delivered directly to the schools	ExplanationTxt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Club Dues Or Fees	Yes (X)	ClubDuesOrFeesInd
Written Policy Ref T And E Expnss	Yes (true)	WrittenPolicyRefTAndEExpnssInd
Substantiation Required	Yes (true)	SubstantiationRequiredInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	false	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	false	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	false	EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (9 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt
Norm Dunlap
Mgr Construction & Maintenance	$140,309	$84,133	$25,585	$250,027
Don Taylor
President	$474,744	$101,169	$42,372	$618,285
Lynn Oleson
Dir of Accounting & Finance	$138,127	$63,271	$23,858	$225,256
Leonard Joe Priestley
VP Utility Services	$202,803	$47,514	$13,536	$263,853
Ryan Campbell
VP Electric Distribtuion	$196,912	$77,132	$26,260	$300,304
Brian Felker
Construction Foreman	$183,952	$28,041	$15,788	$227,781
Mark Schaley
Maintenance Foreman	$161,875	$50,113	$24,104	$236,092
Greg Yakle
Manager of Engineering	$165,326	$45,835	$29,968	$241,129
Mike Nelson
Northern Region Manager	$142,181	$64,846	$23,935	$230,962

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (10 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Members or stockholder classes and rights Part VI line 6	Corn Belt Energy Corporation is a member owned Cooperative.
Member election for additional members Part VI line 7a	All Board Members are elected by the membership.
Governing body decisions Part VI line 7b	Members approve all bylaw changes.
Form 990 governing body review Part VI line 11	Cooperatives process to review Form 990 - Form 990 is reviewed by management and the Board, then the Board approves before filing.
Conflict of interest policy compliance Part VI line 12c	An annual internal review is performed.
CEO executive director top management comp Part VI line 15a	Compensation for the top official is reviewed by the Board on an annual basis.
Other officer or key employee compensation Part VI line 15b	The process for determining compensation of the organizationss officersor key employees is undertaken as part of the general review of otherCooperative data
Governing documents etc available to public Part VI line 19	Bylaws are available online on the Cooperatives website. Policies,financials, and tax documents are available upon written request
Explanation of other changes in net assets or fund balances Part XI line 9	Margins Assigned to Members $ 5,704,140Change in Other Comprehensive Income $ 762,922Other Changes $ 655,641Retirement of Capital Credits $ - 105,736 Total $ 7,016,967
Part IX response or note to any line in Part IX	Form 990, Part IX, Line 4The instructions to the 2023 Form 990 indicate that organizations exempt under Section 501(c)(12) should report patronage dividends paid to their members in Part IX, Line 4 of the Form 990. The Cooperative has interpreted the words patronage dividends paid in the instructions to mean margins that are assigned or assignable to the members. The Cooperative assignes the net margins to its members each year. Therefore, the amount listed in Part IX, Line 4 represents the net margins assignable to the members for the calendar year ended December 31, 2023.