2021-09-01T18:42:48-05:00 2020-12-31 743040374 KELSO LYNCH PC PA 6700 SQUIBB RD STE 215 MISSION KS 662023252 990 2020-01-01 370228808 CORN BELT ENERGY CORPORATION CORN 3096625330 ONE ENERGY WAY BLOOMINGTON IL 617056356 DON TAYLOR PRESIDENT 3096625330 2021-08-27 true DON TAYLOR 999009999 THOMAS F HANCOCK CPA P00501575 9138311150 2021-09-01 2020 2022-09-23 18:48:47Z DON TAYLOR 80860166 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 87 98893 0 82161762 80469058 176973 240484 106124 138706 82444859 80848248 0 5690836 6255693 1362967 2440966 0 0 75391056 72151589 82444859 80848248 0 212494414 225445470 108615909 118977366 103878505 106468104 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 41 0 true 87 true true true false false false false 79355441 3655627 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 355334 0 197384 STEVE HANCOCK VP ELECTRIC 50.00 X 174183 0 80491 MARK SCHALEY MAINTENANCE 52.00 X 152838 0 72793 LEONARD JOE PRIESTLEY VP UTILITY S 50.00 X 171653 0 52213 BRIAN FELKER UG FOREMAN 55.00 X 173119 0 47049 JAMIE LIND CONSTRUCTION 51.00 X 154225 0 59716 LYNN OLESON DIR OF ACCTG 50.00 X 122122 0 88314 ADAM KNUDSEN JOURNEYMAN 54.00 X 164003 0 42967 JOE LAW JOURNEYMAN 51.00 X 148495 0 24318 RAE PAYNE CHAIRMAN OF 6.62 X 23850 0 0 PETER BOROWSKI DIRECTOR 5.82 X 16275 0 0 JERRY STARKEY DIRECTOR 4.68 X 14975 0 0 KAY WERTS DIRECTOR 4.36 X 13225 0 0 JANICE REIMER ASSIST SEC-T 3.84 X 12250 0 0 DENNIS FREDRICKSON DIRECTOR 4.87 X 11675 0 0 ROBERT ANGUS DIRECTOR 3.61 X 11225 0 0 JESSE SLAGER DIRECTOR 2.81 X 11075 0 0 LAVERNE MALONE DIRECTOR 2.85 X 10375 0 0 TERRY LONGMAN DIRECTOR 2.95 X 10125 0 0 ALBERT HAGENBUCH SECRETARY-TR 5.78 X 8424 0 0 DENISE MAYES DIRECTOR 1.49 X 6225 0 0 CHARLES MEISSENHEIMER VICE CHAIRMA 2.28 X 6175 0 0 FRANK KOBILSEK DIRECTOR 3.62 X 3875 0 0 1775721 665245 45 false true false ENDRIZZI CONTRACTING 965 CORZINE ROAD BUNCOMBE IL 62912 TREE CONTRACTOR 1142051 GOUND TREE SERVICE INC 464 E WHITE HALL ROAD WHITE HALL IL 62092 TREE CONTRACTOR 621360 SHEARER TREE SERVICE PO BOX 52 OGLESBY IL 61348 TREE CONTRACTOR 448772 USIC LOCATING SERVICES P O BOX 713359 CINCINNATI OH 45271 CONTRACT SERVIC 428208 GEORGE GILDNER INC 2031 IRELAND GROVE ROAD BLOOMINGTON IL 61702 MECHANICAL CONT 205175 8 ELECTRIC SALES 221000 77473386 77473386 CAPITAL CREDITS 221000 2947017 2947017 POLE ATTACHMENT 221000 60640 60640 OTHER PROGRAM SERVICES 221000 -11985 -11985 80469058 192946 192946 86317 11918 74399 74399 74399 47538 47538 47538 47538 MISCELLANEOUS 221000 39813 39813 NGAS 221000 24494 24494 64307 80848248 80495769 98893 253586 X 6255693 1401443 1039523 4038990 6287637 COST OF ENERGY 48016692 DISTRIBUTION 8577743 ADMIN & GENERAL 3619644 MEMBER SERVICES 1608626 2257 80848248 0 0 0 874155 2748613 9839975 9685809 1936231 2049288 2858682 1740294 243483281 76692524 165372988 166790757 31612383 42430709 212494414 225445470 8612419 7390138 1518986 1612810 91872362 102456613 6612142 7517805 108615909 118977366 X 6969650 7519398 96908855 98948706 103878505 106468104 212494414 225445470 X 0 2589599 X false true X true false 1205600 1205600 5767488 1901900 3865588 236510193 74790624 161719569 166790757 INVEST IN ASSOCIATED ORGANIZAT 28118139 C OTHER INVESTMENTS 10680324 C SUBORDINATED CERTIFICATES 2318352 C NON-UTILITY PROPERTY 1313894 C 42430709 POST RETIREMENT BENEFIT OBLIGATION 7517805 7517805 X 80848248 80848248 80848248 74592555 74592555 6255693 6255693 80848248 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 ADJUSTMENTS 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 ASSESSED BY TAXING AUTHORITIES IN INCOME TAX EXPENSE AND WITH FEW EXCEPTIONS IS NO LONGER SUJECT TO FEDERAL, STATE OR LOCAL INCOME TAX EXAMINATIONS BY TAX AUTORITIES FOR YEARS BEFORE 2017. SCHEDULE D, PAGE 4, PART XII, LINE 4B MARGINS ASSIGNED TO MEMBERS 6,255,693 X true true X false false false DON TAYLOR PRESIDENT 355334 176051 21333 552718 STEVE HANCOCK VP ELECTRIC DISTRIB 174183 64928 15563 254674 MARK SCHALEY MAINTENANCE FOREMAN 152838 50652 22141 225631 LEONARD JOE PRIESTLEY VP UTILITY SERVICES 171653 42626 9587 223866 BRIAN FELKER UG FOREMAN 173119 32310 14739 220168 JAMIE LIND CONSTRUCTION FOREMAN 154225 37575 22141 213941 LYNN OLESON DIR OF ACCTG & FIN 122122 72751 15563 210436 ADAM KNUDSEN JOURNEYMAN 164003 20826 22141 206970 JOE LAW JOURNEYMAN 148495 24318 172813 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 2020 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, 2020. FORM 990, PART XI, LINE 9 MARGINS ASSIGNED TO MEMBERS 6,255,693 RETIREMENT OF CAPITAL CREDITS -3,448,796 OTHER CHANGES -217,298 TOTAL 2,589,599