NonprofitsCorn Belt Electric Cooperative Inc

Corn Belt Electric Cooperative Inc

BLOOMINGTON, IL

Total revenue

$88.3M

Total expenses

$88.3M

Net assets

$115.1M

Grants received

EIN

370228808

Tax year

2024

Mission

To enhance the quality of life of our members and support the communities we serve by cooperatively providing reasonably priced energy with exceptional service.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$87.3M
Investment income$829K
Other revenue$73K
Total revenue$88.3M

Expenses

Grants paid$15K
Salaries & benefits$2.9M
Fundraising
Other expenses$80.0M
Total expenses$88.3M
Total assets$240.9M
Net assets$115.1M

People

20 listed

NameRoleCompensation

Don Taylor

President

Board

$519K

50 hrs/wk

Lynn Oleson

Dir of Accounting & Finance

Board

$151K

56 hrs/wk

Rae Payne

Chairman of the Board

Board

$29K

7.33 hrs/wk

Jerry Starkey

Director

Board

$24K

7.34 hrs/wk

Peter Borowski

Secretary-Treasurer

Board

$21K

5.36 hrs/wk

Dennis Fredrickson

Vice Chairman

Board

$20K

7.3 hrs/wk

Barbara Metzger

Director

Board

$19K

7.65 hrs/wk

Beth Beachy

Director

Board

$19K

4.08 hrs/wk

Kay Werts

Director

Board

$18K

8.54 hrs/wk

Janice Reimer

Assist Sec-Treasurer

Board

$18K

5.32 hrs/wk

Denise Mayes

Director

Board

$14K

3.52 hrs/wk

Terry Longman

Director

Board

$13K

3.61 hrs/wk

Frank Koblisek

Director

Board

$13K

3.62 hrs/wk

Ryan Campbell

VP Electric Distribtuion

Staff

$216K

50 hrs/wk

Brian Felker

Construction Foreman

Staff

$210K

57 hrs/wk

Leonard Joe Priestley

VP Utility Services

Staff

$208K

50 hrs/wk

Greg Yakle

Manager of Engineering

Staff

$180K

50 hrs/wk

Chris Burnett

Journeyman

Staff

$175K

52 hrs/wk

Whitney Lee Shanholtz

Area Serviceman

Staff

$162K

50 hrs/wk

Mike Conway

Area Serviceman

Staff

$160K

50 hrs/wk

Independent contractors

Fletcher-Reinhardt Co

Material Vendor

$5.7M

USIC Locating Services

Line Location

$4.6M

Solential Energy Solutions

Contract Services

$2.3M

United Utility Supply

Material Vendor

$1.7M

LandisGYR Technology

Material Vendor

$1.5M

Details

EIN370228808
Subsection12
Ruling date1940-04
Formed1938
Employees81
CORN BELT ELECTRIC COOPERATIVE INC — Mission, Financials & Grants Received | Grantivo