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CORN BELT POWER COOPERATIVE

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Public IRS 990 nonprofit record

CORN BELT POWER COOPERATIVE

EIN 42-0655796 · Mutual & Membership Benefit (Y)

What they do

to Enhance The Quality of Life for Our Members, Employees and Communities.

Before you give

Should I give to this charity?

Easy charity check
We do not have enough spending detail

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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 2025The 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

$98.60spent for every $100 of revenueRevenue covered expenses this year.
$3.39in assets for every $1 spent this yearSome assets cannot be spent right away.

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  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. 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 $359,278 for JACOB OLBERDING (EXECUTIVE VP AND GENERAL MANAGER). 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 2025

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.

Money in and money out

Revenue$179,857,821
Expenses$177,333,272
Annual surplus $2,524,549 Revenue was higher than expenses for this filing year.
See all reported dollar amounts
Revenue$179,857,821
Expenses$177,333,272
Assets$600,300,691
Income$179,857,821
Stocks and bonds$78,938,649
Accounting fees$88,252
People

Leadership and board

Tax year 2025

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

People reported as paid

Person and titleCompensation
JACOB OLBERDINGEXECUTIVE VP AND GENERAL MANAGER · 40 hrs/week $359,278Base $303,671 · Other $55,607
MICHAEL FINNEGANVP ENGINEERING AND SYSTEM OPERATIONS · 40 hrs/week $342,302Base $193,950 · Other $148,352
MICHAEL THATCHERVP POWER SUPPLY · 40 hrs/week $276,395Base $225,869 · Other $50,526
PATRICK CONNORPLANT MANAGER · 40 hrs/week $260,388Base $174,195 · Other $86,193
RYAN CORNELIUSVP CORPORATE RELATIONS · 40 hrs/week $240,528Base $210,017 · Other $30,511
BRITTANY DICKEYVP BUSINESS DEVELOPMENT · 40 hrs/week $235,280Base $189,476 · Other $45,804
FAITH WARDENVP FINANCE AND ADMINISTRATION · 40 hrs/week $233,135Base $201,067 · Other $32,068
LARRY BRUSSEAUCOMPLIANCE DIRECTOR · 40 hrs/week $208,177Base $154,989 · Other $53,188
BRAD HILLCOMMUNICATIONS SUPERINTENDENT · 40 hrs/week $182,301Base $143,318 · Other $38,983
JON BEHOUNEKCHIEF SYSTEM OPERATOR · 40 hrs/week $163,747Base $145,033 · Other $18,714
JON MYERMANGER OF INFORMATION TECHNOLOGY · 40 hrs/week $162,332Base $142,369 · Other $19,963
DAVID ONKENPRESIDENT · 10 hrs/week $27,600

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)

JACOB OLBERDINGEXECUTIVE VP AND GENERAL MANAGER

MICHAEL FINNEGANVP ENGINEERING AND SYSTEM OPERATIONS

MICHAEL THATCHERVP POWER SUPPLY

PATRICK CONNORPLANT MANAGER

RYAN CORNELIUSVP CORPORATE RELATIONS

BRITTANY DICKEYVP BUSINESS DEVELOPMENT

FAITH WARDENVP FINANCE AND ADMINISTRATION

LARRY BRUSSEAUCOMPLIANCE DIRECTOR

BRAD HILLCOMMUNICATIONS SUPERINTENDENT

JON BEHOUNEKCHIEF SYSTEM OPERATOR

JON MYERMANGER OF INFORMATION TECHNOLOGY

DAVID ONKENPRESIDENT

LARRY ROHACHTREASURER

DALE SCHAEFERVICE PRESIDENT

RICK THOMPSONDIRECTOR

BRAD HONOLDDIRECTOR

GARY POPPEASST SECRETARY/TREASURER

STEVE BOEDECKERDIRECTOR

TED HALLDIRECTOR

JERRY BECKSECRETARY

About this charity

Recognized since
January 1949
Location
PO Box 508, Humboldt, IA 50548
County
Humboldt
In care of
Faith Warden
Primary officer
Faith Warden, VP Finance & Administration

How to reach them

Filing and classification

Latest tax year
2025
Tax period began
January 1, 2025
Return type
990
NTEE classification
Mutual & Membership Benefit (Y)
IRS tax category
Mutual & Membership Benefit

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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