2022-09-07T17:57:50-04:00 2021-12-31 743040374 KELSO LYNCH PC PA 6700 SQUIBB RD STE 215 MISSION KS 662023252 990 2021-01-01 370228808 CORN BELT ENERGY CORPORATION CORN 3096625330 ONE ENERGY WAY BLOOMINGTON IL 617056356 DON TAYLOR PRESIDENT 3096625330 2022-08-26 true DON TAYLOR 999009999 THOMAS F HANCOCK CPA P00501575 9138311150 2022-09-01 2021 2022-09-23 18:48:47Z DON TAYLOR 84328713 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. 13 13 93 78497 2280400 80469058 81083994 240484 453278 138706 500242 80848248 84317914 0 6255693 5743839 2440966 2533003 0 0 72151589 73760672 80848248 82037514 2280400 225445470 225280163 118977366 111832148 106468104 113448015 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 false true false true false true true true false false false false false false false false false false false false true false false false false false false false false false false false false false false true 50 0 true 93 true true true false false false false 79999517 3120313 false false false X 13 13 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 X 403828 0 195867 RYAN CAMPBELL VP ELECTRIC 50.00 X 169547 0 122350 GREG YAKLE MGR OF ENGIN 50.00 X 148111 0 79480 BRIAN FELKER UG FOREMAN 56.00 X 182791 0 38765 LEONARD JOE PRIESTLEY VP UTILITY S 50.00 X 185410 0 27926 MARK SCHALEY MAINTENANCE 51.00 X 147783 0 64099 LYNN OLESON DIR OF ACCTG 50.00 X 127055 0 73719 MIKE NELSON NORTHERN REG 50.00 X 134123 0 66209 BRANDON CURTIS CONSTRUCTION 48.00 X 140004 0 39511 RAE PAYNE CHAIRMAN OF 8.67 X 28825 0 0 KAY WERTS DIRECTOR 7.12 X 20350 0 0 PETER BOROWSKI SECRETARY-TR 5.30 X 18575 0 0 JERRY STARKEY DIRECTOR 5.78 X 16900 0 0 JESSE SLAGER DIRECTOR 6.34 X 16850 0 0 JANICE REIMER ASSIST SEC-T 4.74 X 16475 0 0 DENNIS FREDRICKSON VICE CHAIRMA 5.00 X 14075 0 0 FRANK KOBILSEK DIRECTOR 5.53 X 13900 0 0 ROBERT ANGUS DIRECTOR 3.67 X 10250 0 0 TERRY LONGMAN DIRECTOR 3.14 X 9100 0 0 LAVERNE MALONE DIRECTOR 2.59 X 7225 0 0 DENISE MAYES DIRECTOR 1.63 X 6700 0 0 BARBARA METZGER DIRECTOR 2.89 X 3875 0 0 CHARLES MEISSENHEIMER DIRECTOR 2.92 X 3325 0 0 ALBERT HAGENBUCH DIRECTOR X 0 0 0 1825077 707926 46 false true false ENDRIZZI CONTRACTING 965 CORZINE ROAD BUNCOMBE IL 62912 TREE CONTRACTOR 797910 USIC LOCATING SERVICES P O BOX 713359 CINCINNATI OH 45271 CONTRACT SERVIC 395463 GOUND TREE SERVICE INC 464 E WHITE HALL ROAD WHITE HALL IL 62092 TREE CONTRACTOR 327412 SHEARER TREE SERVICE PO BOX 52 OGLESBY IL 61348 TREE CONTRACTOR 310725 LILLY TIMBER SERVICES INC 228 N 2100 E RD MODE IL 62444 TREE SVC 231500 8 2280400 2280400 ELECTRIC SALES 221000 79149523 79149523 CAPITAL CREDITS 221000 1880959 1880959 POLE ATTACHMENT 221000 67258 67258 OTHER PROGRAM SERVICES 221000 -13746 -13746 81083994 317555 317555 89296 10799 78497 78497 78497 135723 135723 135723 135723 MISCELLANEOUS 221000 421745 421745 421745 84317914 81574204 78497 384813 X 5743839 1492127 1040876 3713274 6420075 COST OF ENERGY 50479527 DISTRIBUTION 8177946 ADMIN & GENERAL 3446591 MEMBER SERVICES 1523259 82037514 0 0 0 2748613 885920 9685809 9059851 2049288 2347236 1740294 1108033 249914311 80482725 166790757 169431586 42430709 42447537 225445470 225280163 7390138 7318877 1612810 3777822 102456613 94785564 7517805 5949885 118977366 111832148 X 7519398 7605587 98948706 105842428 106468104 113448015 225445470 225280163 X 2280400 4699511 X false true X true false 1205600 1205600 6138129 2013493 4124636 242570582 78469232 164101350 169431586 INVEST IN ASSOCIATED ORGANIZAT 29362168 C OTHER INVESTMENTS 9466809 C SUBORDINATED CERTIFICATES 2304666 C NON-UTILITY PROPERTY 1313894 C 42447537 POST RETIREMENT BENEFIT OBLIGATION 5949885 5949885 X 82037514 82037514 2280400 2280400 84317914 76293675 76293675 5743839 5743839 82037514 SCHEDULE D, PAGE 3, PART X MANAGEMENT HAS EVALUATED THE COOPERATIVE'S TAX POSITIONS AND CONCLUDED THAT THE COOPERATIVE HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. WHILE THE COOPERATIVE BELIEVES IT HAS ADEQUATELY PROVIDED FOR ALL TAX POSITIONS, AMOUNTS ASSERTED BY TAXING AUTHORITIES COULD BE DIFFERENT THAN THE POSITIONS TAKEN BY THE COOPERATIVE. THE COOPERATIVE RECOGNIZES ANY INTEREST AND PENALTIES ASSERTED BY TAXING AUTHORITIES IN INCOME TAX EXPENSE AND WITH FEW EXCEPTIONS, IS NO LONGER SUBJECT TO FEDERAL, STATE, OR LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIEES FOR YEARS BEFORE 2018. SCHEDULE D, PAGE 4, PART XI, LINE 4B PPP LOAN FORGIVENESS 2,280,400 SCHEDULE D, PAGE 4, PART XII, LINE 4B MARGINS ASSIGNED TO MEMBERS 5,743,839 X true true X false false false DON TAYLOR PRESIDENT 403828 170862 25005 599695 RYAN CAMPBELL VP ELECTRIC DISTRIB 169547 108939 13411 291897 GREG YAKLE MGR OF ENGINEERING 148111 51935 27545 227591 BRIAN FELKER UG FOREMAN 182791 22257 16508 221556 LEONARD JOE PRIESTLEY VP UTILITY SERVICES 185410 26614 1312 213336 MARK SCHALEY MAINTENANCE FOREMAN 147783 39350 24749 211882 LYNN OLESON DIR OF ACCTG & FIN 127055 51483 22236 200774 MIKE NELSON NORTHERN REGION MGR 134123 43859 22350 200332 BRANDON CURTIS CONSTRUCTION FOREMAN 140004 14796 24715 179515 SCHEDULE J, PAGE 1, PART I, LINE 1A THE COOPERATIVE WILL PAY 10 PER MONTH TOWARD THE COST OF HEALTH CLUB DUES AS PART OF THE WELLNESS PROGRAM. ALL EMPLOYEES ARE ELIGIBLE FOR THIS BENEFIT AND ALL AMOUNTS ARE TAXED AS FRINGE BENEFITS. FORM 990, PAGE 6, PART VI, LINE 6 CORN BELT ENERGY CORPORATION IS A MEMBER OWNED COOPERATIVE. FORM 990, PAGE 6, PART VI, LINE 7A ALL BOARD MEMBERS ARE ELECTED BY THE MEMBERSHIP FORM 990, PAGE 6, PART VI, LINE 7B MEMBERS APPROVE ALL BYLAW CHANGES FORM 990, PAGE 6, PART VI, LINE 11B COOPERATIVE'S PROCESS TO REVIEW FORM 990 - FORM 990 IS REVIEWED BY MANAGEMENT AND THE BOARD, THEN THE BOARD APPROVES BEFORE FILING. FORM 990, PAGE 6, PART VI, LINE 12C AN ANNUAL INTERNAL REVIEW IS PERFORMED FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION FOR THE TOP OFFICIAL IS REVIEWED BY THE BOARD ON AN ANNUAL BASIS. FORM 990, PAGE 6, PART VI, LINE 15B THE PROCESS FOR DETERMINING COMPENSATION OF THE ORGANIZATION'S OFFICERS OR KEY EMPLOYEES IS UNDERTAKEN AS PART OF THE GENERAL REVIEW OF OTHER COOPERATIVE DATA. FORM 990, PAGE 6, PART VI, LINE 19 BYLAWS ARE AVAILABLE ONLINE ON THE COOPERATIVE'S WEBSITE. POLICIES, FINANCIALS, AND TAX DOCUMENTS ARE AVAILABLE UPON WRITTEN REQUEST FORM 990, PART X FORM 990, PART IX, LINE 4 THE INSTRUCTIONS TO THE 2021 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, 2021. FORM 990, PART XI, LINE 9 MARGINS ASSIGNED TO MEMBERS 5,743,839 CHANGE IN OTHER COMPREHENSIVE INCOME 1,328,587 OTHER CHANGES 9,636 RETIREMENT OF CAPITAL CREDITS -102,151 PPP LOAN FORGIVENESS MOVED TO DEFERRED REVENUE -2,280,400 TOTAL 4,699,511