CORN BELT ENERGY CORPORATION Charity Report

Public IRS 990 nonprofit record

CORN BELT ENERGY CORPORATION

EIN 37-0228808 · Mutual & Membership Benefit (Y)

What they do

to Enhance The Quality of Life of Our Members and Support The Communities We Serve By Cooperatively Providing Reasonably Priced Energy With Exceptional Service.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $95.20 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders20 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

86.16%of revenue went to mission work95.2% of expenses · Program services

$100.00spent for every $100 of revenueRevenue covered expenses this year.

4.37%of revenue went to management and office costs4.8% of expenses

$2.73in assets for every $1 spent this yearSome assets cannot be spent right away.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $668,980 for DON TAYLOR (PRESIDENT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$84,502,854

Mission workProgram services$72,805,18486.16% of revenue95.2% of expenses

ManagementOffice and general costs$3,694,2964.37% of revenue4.8% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$8,003,3749.47% of revenueShown in gray on the chart

Total expenses$76,499,48090.53% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Money in and money out

Revenue$88,250,529

Expenses$88,250,529

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$72,805,184 · 82.5% of expenses

Management and office costs$3,694,296 · 4.2% of expenses

See all reported dollar amounts

Revenue$88,250,529

Expenses$88,250,529

Assets$240,916,473

Income$88,286,922

Mission work (program services)$72,805,184

Grants given$28,125

Average grant$7,031

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

DON TAYLORPRESIDENT · 50 hrs/week $668,980Base $519,416 · Other $149,564

RYAN CAMPBELLVP ELECTRIC DISTRIBTUION · 50 hrs/week $335,103Base $216,250 · Other $118,853

LEONARD JOE PRIESTLEYVP UTILITY SERVICES · 50 hrs/week $273,172Base $208,453 · Other $64,719

GREG YAKLEMANAGER OF ENGINEERING · 50 hrs/week $261,459Base $180,204 · Other $81,255

LYNN OLESONDIR OF ACCOUNTING & FINANCE · 56 hrs/week $255,987Base $151,383 · Other $104,604

BRIAN FELKERCONSTRUCTION FOREMAN · 57 hrs/week $255,424Base $209,878 · Other $45,546

CHRIS BURNETTJOURNEYMAN · 52 hrs/week $214,006Base $174,899 · Other $39,107

MIKE CONWAYAREA SERVICEMAN · 50 hrs/week $204,379Base $160,405 · Other $43,974

WHITNEY LEE SHANHOLTZAREA SERVICEMAN · 50 hrs/week $192,913Base $162,390 · Other $30,523

RAE PAYNECHAIRMAN OF THE BOARD · 7 hrs/week $29,100

JERRY STARKEYDIRECTOR · 7 hrs/week $23,950

PETER BOROWSKISECRETARY-TREASURER · 5 hrs/week $20,550

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (20)

DON TAYLORPRESIDENT

RYAN CAMPBELLVP ELECTRIC DISTRIBTUION

LEONARD JOE PRIESTLEYVP UTILITY SERVICES

GREG YAKLEMANAGER OF ENGINEERING

LYNN OLESONDIR OF ACCOUNTING & FINANCE

BRIAN FELKERCONSTRUCTION FOREMAN

CHRIS BURNETTJOURNEYMAN

MIKE CONWAYAREA SERVICEMAN

WHITNEY LEE SHANHOLTZAREA SERVICEMAN

RAE PAYNECHAIRMAN OF THE BOARD

JERRY STARKEYDIRECTOR

PETER BOROWSKISECRETARY-TREASURER

DENNIS FREDRICKSONVICE CHAIRMAN

BARBARA METZGERDIRECTOR

BETH BEACHYDIRECTOR

KAY WERTSDIRECTOR

JANICE REIMERASSIST SEC-TREASURER

DENISE MAYESDIRECTOR

TERRY LONGMANDIRECTOR

FRANK KOBLISEKDIRECTOR

About this charity

Recognized since: January 1940
Location: 1 ENERGY WAY, BLOOMINGTON, IL 61705-6356
County: McLean
In care of: % DON TAYLOR
Primary officer: DON TAYLOR, President

How to reach them

WebsiteVisit the charity’s website Phone(309) 662-5330

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: KELSO LYNCH PC PA
NTEE classification: Mutual & Membership Benefit (Y)
IRS tax category: Mutual & Membership Benefit
Grant-giving organization: Yes