NonprofitsCorn Belt Power Cooperative

Corn Belt Power Cooperative

HUMBOLDT, IA

Total revenue

$171.6M

Total expenses

$168.9M

Net assets

$207.6M

Grants received

EIN

420655796

Tax year

2024

Mission

Generating and transmitting electrical energy to our members.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$170.1M
Investment income$1.5M
Other revenue$5K
Total revenue$171.6M

Expenses

Grants paid
Salaries & benefits$11.9M
Fundraising
Other expenses$141.1M
Total expenses$168.9M
Total assets$570.1M
Net assets$207.6M

People

23 listed

NameRoleCompensation

Jacob Olberding eff April 24

Executive VP and General Manager

Board

$279K

40 hrs/wk

Kenneth H Kuyper retired April 24

Executive VP and General Manager

Board

$213K

40 hrs/wk

Ryan Cornelius

VP Corporate Relations

Board

$203K

40 hrs/wk

Michael Thatcher

VP Power Supply

Board

$203K

40 hrs/wk

Brittany Dickey

VP Business Development

Board

$177K

40 hrs/wk

Michael Finnegan eff March 24

VP Engineering and System Operations

Board

$164K

40 hrs/wk

Karen K Berte retired June 24

Sr VP Finance and Administration

Board

$160K

40 hrs/wk

Faith Warden eff June 24

VP Finance and Administration

Board

$127K

40 hrs/wk

Kevin Bornhoft retired March 24

SR VP, Engineering

Board

$97K

40 hrs/wk

David Onken

President

Board

$22K

8 hrs/wk

Brad Honold

Director

Board

$20K

8 hrs/wk

Dale Schaefer

Vice President

Board

$18K

6 hrs/wk

Larry Rohach

Treasurer

Board

$17K

6 hrs/wk

Steve Boedecker

Director

Board

$17K

5 hrs/wk

Rick Thompson

Director

Board

$16K

4 hrs/wk

Jerry Beck

Secretary

Board

$15K

7 hrs/wk

Gary Poppe

Asst Secretary/Treasurer

Board

$15K

5 hrs/wk

Ted Hall

Director

Board

$11K

5 hrs/wk

Patrick Connor

Plant Manager

Staff

$167K

40 hrs/wk

Larry Brusseau

Compliance Director

Staff

$149K

40 hrs/wk

Daniel Shiflett

ROW & Construction Superintendent

Staff

$142K

40 hrs/wk

Jon Behounek

Chief System Operator

Staff

$138K

40 hrs/wk

Brad Hill

Communications Superintendent

Staff

$137K

40 hrs/wk

Independent contractors

Highline Construction Inc

Line construction

$8.0M

IES Commercial Inc

Line Construction

$5.9M

Cable Communications Services LLC

Line Construction

$1.6M

Friest Tree Experts LLC

Tree Trimming

$1.1M

Open System International Inc

Equipment design and installation

$552K

Details

EIN420655796
Subsection12
Ruling date1949-09
Formed1947
Employees95
Volunteers0
CORN BELT POWER COOPERATIVE — Mission, Financials & Grants Received | Grantivo