2025-11-11T13:10:26-05:00 2024-12-31 743040374 Kelso Lynch PC PA 6700 Squibb Rd Ste 215 Mission KS 662023252 990 2024-01-01 370228808 Corn Belt Energy Corporation % Don Taylor CORN 3096625330 One Energy Way Bloomington IL 617056356 DON TAYLOR President 3096625330 2025-11-05 true true GEORGE LYNCH P00187596 9138311150 2025-11-11 2024 2025-03-06 01:10:19Z Don Taylor One Energy Way Bloomington IL 617056356 88286922 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 81 40990 0 0 91022597 87349265 234704 828535 74412 72729 91331713 88250529 19500 14750 5704140 5339510 2791238 2868873 0 0 82816835 80027396 91331713 88250529 0 224077494 240916473 105043146 125796594 119034348 115119879 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 62 0 true 81 true true true false false false false 91317878 4418636 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 519416 0 149564 Ryan Campbell VP Electric Distribtuion 50.00 0.00 X 216250 0 118853 Leonard Joe Priestley VP Utility Services 50.00 0.00 X 208453 0 64719 Greg Yakle Manager of Engineering 50.00 0.00 X 180204 0 81255 Lynn Oleson Dir of Accounting & Finance 56.00 0.00 X 151383 0 104604 Brian Felker Construction Foreman 57.00 0.00 X 209878 0 45546 Chris Burnett Journeyman 52.00 0.00 X 174899 0 39107 Mike Conway Area Serviceman 50.00 0.00 X 160405 0 43974 Whitney Lee Shanholtz Area Serviceman 50.00 0.00 X 162390 0 30523 Rae Payne Chairman of the Board 7.33 0.00 X 29100 0 0 Jerry Starkey Director 7.34 0.00 X 23950 0 0 Peter Borowski Secretary-Treasurer 5.36 0.00 X 20550 0 0 Dennis Fredrickson Vice Chairman 7.30 0.00 X 19950 0 0 Barbara Metzger Director 7.65 0.00 X 18900 0 0 Beth Beachy Director 4.08 0.00 X 18650 0 0 Kay Werts Director 8.54 0.00 X 18450 0 0 Janice Reimer Assist Sec-Treasurer 5.32 0.00 X 18300 0 0 Denise Mayes Director 3.52 0.00 X 14250 0 0 Terry Longman Director 3.61 0.00 X 12750 0 0 Frank Koblisek Director 3.62 0.00 X 12600 0 0 2190728 0 678145 49 false true false Fletcher-Reinhardt Co 3105 Corporate Exchange CT Bridgeton MO 63044 Material Vendor 5734815 Solential Energy Solutions 13277 N Illinois Suite 110 Carmel IN 46032 Contract Services 2334701 USIC Locating Services PO Box 713359 Cincinnati OH 45271 Line Location 4576270 United Utility Supply PO Box 32170 Louisville KY 40232 Material Vendor 1702218 LandisGYR Technology PO Box 781482 Detroit MI 48278 Material Vendor 1493098 21 Sale of Electricity 221000 83963844 83963844 Capital Credits 221000 3042887 3042887 Pole Attachment 221000 54123 54123 Other Operating 221000 288411 288411 87349265 524362 524362 79670 36393 43277 43277 43277 304173 304173 304173 304173 0 Misc Non-Operating 221000 31739 31739 K-1 Cooperative Balloon 221000 -2287 -2287 29452 88250529 87631054 40990 578485 X 6250 8500 5339510 1740692 1128181 4086146 7197723 Cost of Energy 54023238 54023238 Distribtution 9014776 9014776 Admin & General 4043857 4043857 Member Services 1659080 1659080 2576 88250529 0 0 0 765607 5081745 251680 377555 11120806 11799064 3196957 3561996 717444 812119 272676815 93634406 169176895 179042409 38848105 40241585 224077494 240916473 9169572 10943951 7656330 12811853 81455687 96675619 1825623 301764 4935934 5063407 105043146 125796594 X 9741780 11056096 109292568 104063783 119034348 115119879 224077494 240916473 X 0 -3914469 X false true X true false 1211182 1211182 8262934 2271616 5991318 263202699 91362790 171839909 179042409 Subordinated Certificates 2259453 C Invest in Assocaited Organizations 35794983 C Other Investments 873255 C Non-Utility Property 1313894 C 40241585 Post Retirement Benefit Obligation 5063407 5063407 X 88250529 88250529 88250529 82911019 82911019 5339510 5339510 88250529 Part XII, Line 4b-Other expenses not included on Sch D but on 990 Margins Assigned to Members $5,339,510 Part X, Line 2-Text in footnote regarding FIN 48 (ASC 740) The Cooperative has a letter of exemption from federal income tax, issued by the Internal Revenue Service and files IRS Form 990 annually. An evaluation of whether or not it has any uncertain tax positions is determined on an annual basis by the Cooperative. 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 subject to federal, state and local tax examinations for years prior to 2021. false Eastern Central Illinois Agency 2714 McGraw DR Bloomington IL 61701 370982325 501c3 6250 Cash Grant Education Grant Scholarships 6 8500 X true true X false false false Chris Burnett Journeyman 174899 14511 24596 214006 Don Taylor President 519416 105631 43933 668980 Lynn Oleson Dir of Accounting & Finance 151383 79560 25044 255987 Leonard Joe Priestley VP Utility Services 208453 51130 13589 273172 Ryan Campbell VP Electric Distribtuion 216250 91761 27092 335103 Brian Felker Construction Foreman 209878 29468 16078 255424 Whitney Lee Shanholtz Area Serviceman 162390 5887 24636 192913 Greg Yakle Manager of Engineering 180204 49786 31469 261459 Mike Conway Area Serviceman 160405 21820 22154 204379 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 $ 5,339,510Change in Other Comprehensive Income $ -215,184Other Changes $ 544,559Retirement of Capital Credits $ -9,583,354Total $ -3,914,469 Part IX response or note to any line in Part IX Form 990, Part IX, Line 4The instructions to the 2024 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, 2024.