2024-09-24T13:56:30-04:00 2023-12-31 743040374 Kelso Lynch PC PA 6700 Squibb Rd Ste 215 Mission KS 662023252 990 2023-01-01 370228808 Corn Belt Energy Corporation CORN One Energy Way Bloomington IL 617056356 Don Taylor President 3096625330 2024-09-18 true true George Lynch P00187596 9138311150 2024-09-24 2023 2024-08-08 14:25:15Z Don Taylor 91371554 false X www.cornbeltenergy.com X 1938 IL To enhance the quality of life of our members and support the communities we serve by cooperatively providing reasonably priced energy with exceptional service. 11 11 91 45361 44361 0 84000367 91022597 -18859 234704 71981 74412 84053489 91331713 5625 19500 4713509 5704140 2686937 2791238 0 0 76647418 82816835 84053489 91331713 0 222517545 224077494 110500164 105043146 112017381 119034348 To enhance the quality of life of our members and support the communities we serve by cooperatively providing reasonably priced energy with exceptional service. false false 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. false false false false false false false false true false true false true true true false false false false false false false false false false true true true false false false false false false false false false false false false false false true 46 0 true 91 true true true false false false false 88860351 6231466 false false false X 11 11 false false false false true true true true true false false true true true true true true true true false X Lynn Oleson 3096625330 One Energy Way Bloomington IL 617056356 Don Taylor President 50.00 0.00 X 474744 0 143541 Ryan Campbell VP Electric Distribtuion 50.00 0.00 X 196912 0 103392 Leonard Joe Priestley VP Utility Services 50.00 0.00 X 202803 0 61050 Norm Dunlap Mgr Construction & Maintenanc 50.00 0.00 X 140309 0 109718 Greg Yakle Manager of Engineering 50.00 0.00 X 165326 0 75803 Mark Schaley Maintenance Foreman 48.00 0.00 X 161875 0 74217 Mike Nelson Northern Region Manager 50.00 0.00 X 142181 0 88781 Brian Felker Construction Foreman 54.00 0.00 X 183952 0 43829 Lynn Oleson Dir of Accounting & Finance 50.00 0.00 X 138127 0 87129 Rae Payne Chairman of the Board 9.99 0.00 X 29500 0 0 Jerry Starkey Director 6.15 0.00 X 22450 0 0 Barbara Metzger Director 15.11 0.00 X 21650 0 0 Dennis Fredrickson Vice Chairman 7.02 0.00 X 20600 0 0 Peter Borowski Secretary-Treasurer 7.46 0.00 X 20550 0 0 Janice Reimer Assist Sec-Treasurer 5.32 0.00 X 20050 0 0 Kay Werts Director 7.78 0.00 X 14700 0 0 Frank Koblisek Director 5.03 0.00 X 13550 0 0 Terry Longman Director 4.14 0.00 X 13400 0 0 Denise Mayes Director 2.74 0.00 X 11700 0 0 Beth Beachy Director 1.79 0.00 X 9400 0 0 2003779 0 787460 42 false true false Shearer Tree Service PO Box 52 Oglesby IL 61348 Contract Tree Crew 882762 Endrizzi Contracting 965 Corzine Road Buncombe IL 62912 Contract Tree Cree 1175033 USIC Locating Services PO Box 713359 Cincinnati OH 45271 Line Location 414763 Tarter Construction 1012 Ekstam Dr Suite 1 Bloomington IL 61704 Construction 456790 NISC P O Box 1147 Mandan ND 58554 Software 481506 8 Sale of Electricity 221000 87602534 87602534 Capital Credits 221000 3352008 3352008 Pole Attachment 221000 68453 68453 Other Program Services 221000 -398 -398 91022597 151234 151234 89526 39841 49685 49685 49685 83470 83470 83470 83470 Misc Non-Operating 221000 29051 29051 K-1 Cooperative Balloon 221000 -4324 -4324 24727 91331713 91066665 45361 219687 X 10000 9500 5704140 1605248 1185990 3631649 12025281 Cost of Energy 53098163 53098163 Distribtution 8307572 8307572 Admin & General 4150585 4150585 Member Services 1588300 1588300 15285 91331713 0 0 0 828518 765607 251680 10907480 11120806 2891290 3196957 774589 717444 264938887 95761992 170889577 169176895 36226091 38848105 222517545 224077494 9607621 9169572 5724221 7656330 89574265 81455687 1825623 5594057 4935934 110500164 105043146 X 9021497 9741780 102995884 109292568 112017381 119034348 222517545 224077494 X 0 7016967 X false true X true false 1209271 1209271 7228273 2129445 5098828 256501343 93632547 162868796 169176895 Subordinated Certificates 2275258 C Invest in Assocaited Organizations 33306532 C Other Investments 1952421 C Non-Utility Property 1313894 C 38848105 Post Retirement Benefit Obligation 4935934 4935934 X 91331713 91331713 91331713 85627573 85627573 5704140 5704140 91331713 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. false UIF Illinois Fire Safety Institute 506 S Wright St 209 HAB MC-339 Urbana IL 61801 376000511 501c3 10000 Donation 1 Education Grant Scholarships 6 9500 Monitoring procedures (Part I, line 2) 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 X true true X false false false Norm Dunlap Mgr Construction & Maintenance 140309 84133 25585 250027 Don Taylor President 474744 101169 42372 618285 Lynn Oleson Dir of Accounting & Finance 138127 63271 23858 225256 Leonard Joe Priestley VP Utility Services 202803 47514 13536 263853 Ryan Campbell VP Electric Distribtuion 196912 77132 26260 300304 Brian Felker Construction Foreman 183952 28041 15788 227781 Mark Schaley Maintenance Foreman 161875 50113 24104 236092 Greg Yakle Manager of Engineering 165326 45835 29968 241129 Mike Nelson Northern Region Manager 142181 64846 23935 230962 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.