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CORN BELT ELECTRIC COOPERATIVE INC: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
CORN BELT ELECTRIC COOPERATIVE INC (EIN 37-0228808)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-09-29
IRS object ID
202322729349301117
Schema version
2022v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2023-09-29T11:24:36-04:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN743040374PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1KELSO LYNCH PC PABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line16700 SQUIBB RD STE 215AddressLine1Txt
CityMISSIONCityNm
State AbbreviationKSStateAbbreviationCd
ZIP662023252ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2022-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN370228808EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CORN BELT ENERGY CORPORATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlCORNBusinessNameControlTxt
Phone3096625330PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1ONE ENERGY WAYAddressLine1Txt
CityBLOOMINGTONCityNm
State AbbreviationILStateAbbreviationCd
ZIP617056356ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDON TAYLORPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone3096625330PhoneNum
Signature2023-09-28SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstDONPersonFirstNm
Person LastTAYLORPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrfalseIRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonTHOMAS F HANCOCK CPAPreparerPersonNm
PTINP00501575PTIN
Phone9138311150PhoneNum
Preparation2023-09-29PreparationDt
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerDON TAYLORPrincipalOfficerNm
Gross Receipts$84,620,298GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressWWW.CORNBELTENERGY.COMWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1938FormationYr
Legal Domicile StateILLegalDomicileStateCd
Activity Or MissionTO ENHANCE THE QUALITY OF LIFE OF OUR MEMBERS AND SUPPORT THE COMMUNITIES WE SERVE BY COOPERATIVELY PROVIDING REASONABLY PRICED ENERGY WITH EXCEPTIONAL SERVICE.ActivityOrMissionDesc
Voting Members Governing Body11VotingMembersGoverningBodyCnt
Voting Members Independent11VotingMembersIndependentCnt
Total Employee88TotalEmployeeCnt
Total Gross UBI$48,763TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$16,608NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$2,280,400PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$81,083,994PYProgramServiceRevenueAmt
CY Program Service Revenue$84,000,367CYProgramServiceRevenueAmt
PY Investment Income$453,278PYInvestmentIncomeAmt
CY Investment Income-$18,859CYInvestmentIncomeAmt
PY Other Revenue$500,242PYOtherRevenueAmt
CY Other Revenue$71,981CYOtherRevenueAmt
PY Total Revenue$84,317,914PYTotalRevenueAmt
CY Total Revenue$84,053,489CYTotalRevenueAmt
CY Grants And Similar Paid$5,625CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$5,743,839PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$4,713,509CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$2,533,003PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$2,686,937CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$73,760,672PYOtherExpensesAmt
CY Other Expenses$76,647,418CYOtherExpensesAmt
PY Total Expenses$82,037,514PYTotalExpensesAmt
CY Total Expenses$84,053,489CYTotalExpensesAmt
PY Revenues Less Expenses$2,280,400PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$0CYRevenuesLessExpensesAmt
Total Assets BOY$225,280,163TotalAssetsBOYAmt
Total Assets EOY$222,517,545TotalAssetsEOYAmt
Total Liabilities BOY$111,832,148TotalLiabilitiesBOYAmt
Total Liabilities EOY$110,500,164TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$113,448,015NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$112,017,381NetAssetsOrFundBalancesEOYAmt
MissionTO ENHANCE THE QUALITY OF LIFE OF OUR MEMBERS AND SUPPORT THE COMMUNITIES WE SERVE BY COOPERATIVELY PROVIDING REASONABLY PRICED ENERGY WITH EXCEPTIONAL SERVICE.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
DescPROVIDE 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.Desc
Described In Section501c3falseDescribedInSection501c3Ind
Schedule B RequiredfalseScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstYes (true)ReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (true)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (true)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsYes (true)GrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredYes (true)ScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document48IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee88EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (true)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (true)Form990TFiledInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Members And Shr Gross Income$85,400,740MembersAndShrGrossIncomeAmt
Other Sources Gross Income$2,249,264OtherSourcesGrossIncomeAmt
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members11GoverningBodyVotingMembersCnt
Independent Voting Member11IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsYes (true)ChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersYes (true)MembersOrStockholdersInd
Election Of Board MembersYes (true)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (true)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherYes (true)CompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonLYNN OLESONPersonNm
Phone3096625330PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1ONE ENERGY WAYAddressLine1Txt
CityBLOOMINGTONCityNm
State AbbreviationILStateAbbreviationCd
ZIP617056356ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (21 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeIndIndividual Trustee Or DirectorIndividualTrusteeOrDirectorInd
DON TAYLOR
PRESIDENT50.00Yes (X)$434,645$0$54,129
RYAN CAMPBELL
VP ELECTRIC50.00$179,763$0$121,656Yes (X)
LEONARD JOE PRIESTLEY
VP UTILITY S50.00$189,980$0$81,311Yes (X)
NORM DUNLOP
MGR OF CONST50.00$133,494$0$117,350Yes (X)
MIKE NELSON
NORTHERN REG50.00$136,973$0$105,660Yes (X)
GREG YAKLE
MGR OF ENGIN50.00$154,978$0$86,012Yes (X)
LYNN OLESON
DIR OF ACCTG50.00Yes (X)$131,042$0$106,172
BRIAN FELKER
UG FOREMAN54.00$170,303$0$59,115Yes (X)
MARK SCHALEY
MAINTENANCE48.00$137,589$0$87,465Yes (X)
RAE PAYNE
CHAIRMAN OF8.18$26,600$0$0Yes (X)
PETER BOROWSKI
SECRETARY-TR6.76$20,500$0$0Yes (X)
JERRY STARKEY
DIRECTOR6.29$19,100$0$0Yes (X)
DENNIS FREDRICKSON
VICE CHAIRMA7.04$18,500$0$0Yes (X)
JANICE REIMER
ASSIST SEC-T5.89$17,700$0$0Yes (X)
KAY WERTS
DIRECTOR7.71$17,650$0$0Yes (X)
JESSE SLAGER
DIRECTOR4.99$16,850$0$0Yes (X)
FRANK KOBILSEK
DIRECTOR5.44$16,750$0$0Yes (X)
BARBARA METZGER
DIRECTOR8.56$15,650$0$0Yes (X)
TERRY LONGMAN
DIRECTOR4.42$12,900$0$0Yes (X)
DENISE MAYES
DIRECTOR2.51$10,500$0$0Yes (X)
ROBERT ANGUS
DIRECTOR1.93$6,600$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$1,868,067TotalReportableCompFromOrgAmt
Total Other Compensation$818,870TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K45IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (true)TotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
SHEARER TREE SERVICE
PO BOX 52OGLESBYIL61348TREE CONTRACTOR$1,138,275
ENDRIZZI CONTRACTING
965 CORZINE ROADBUNCOMBEIL62912TREE CONTRACTOR$1,064,371
USIC LOCATING SERVICES
P O BOX 713359CINCINNATIOH45271CONTRACT SERVIC$459,669
OTC SERVICES INC
1776 CONSTITUTION AVELOUISVILLEOH44641REPAIR TRANSFOR$276,035
HOERR CONSTRUCTION
PO BOX 65 1416 COUNTY RD 200NGOODFIELDIL61742BORING SVCS$134,836
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K14CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtExclusionExclusionAmt
ELECTRIC SALES221000$82,147,200$82,147,200
CAPITAL CREDITS221000$1,806,207$1,806,207
POLE ATTACHMENT221000$48,980$48,980
OTHER PROGRAM SERVICES221000-$2,020-$2,020
FieldValueIRS element (for citing)
Total Program Service Revenue$84,000,367TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$215,719TotalRevenueColumnAmt
Exclusion$215,719ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$88,240RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$36,543RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$51,697RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$51,697TotalRevenueColumnAmt
Unrelated Business Revenue$51,697UnrelatedBusinessRevenueAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Other$295,688OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Other$530,266OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Other-$234,578OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column-$234,578TotalRevenueColumnAmt
Related Or Exempt Func Income-$234,578RelatedOrExemptFuncIncomeAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmt
MISCELLANEOUS221000$23,218$23,218
K-1 COOPERATIVE BALLOON ASSOC221000-$2,934-$2,934
FieldValueIRS element (for citing)
Other Revenue Total$20,284OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$84,053,489TotalRevenueColumnAmt
Related Or Exempt Func Income$83,740,027RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$48,763UnrelatedBusinessRevenueAmt
Exclusion$264,699ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$5,625TotalAmt

Benefits To Members BenefitsToMembersGrp

FieldValueIRS element (for citing)
Total$4,713,509TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$1,497,998TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$1,188,939TotalAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$3,505,694TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$6,527,697TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmt
COST OF ENERGY$52,723,669
DISTRIBUTION$8,775,801
ADMIN & GENERAL$3,614,184
MEMBER SERVICES$1,500,373

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$84,053,489TotalAmt
Program Services$0ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$885,920BOYAmt
EOY$828,518EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$9,059,851BOYAmt
EOY$10,907,480EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$2,347,236BOYAmt
EOY$2,891,290EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$1,108,033BOYAmt
EOY$774,589EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$256,125,279LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$85,235,702LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$169,431,586BOYAmt
EOY$170,889,577EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$42,447,537BOYAmt
EOY$36,226,091EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$225,280,163BOYAmt
EOY$222,517,545EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$7,318,877BOYAmt
EOY$9,607,621EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$3,777,822BOYAmt
EOY$5,724,221EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$94,785,564BOYAmt
EOY$89,574,265EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$5,949,885BOYAmt
EOY$5,594,057EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$111,832,148BOYAmt
EOY$110,500,164EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

FieldValueIRS element (for citing)
BOY$7,605,587BOYAmt
EOY$9,021,497EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY$105,842,428BOYAmt
EOY$102,995,884EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$113,448,015BOYAmt
EOY$112,017,381EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$225,280,163BOYAmt
EOY$222,517,545EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$0ReconcilationRevenueExpnssAmt
Other Changes In Net Assets-$1,430,634OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,208,629OtherCostOrOtherBasisAmt
Book Value$1,208,629BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$6,079,136OtherCostOrOtherBasisAmt
Depreciation$2,012,488DepreciationAmt
Book Value$4,066,648BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$248,837,514OtherCostOrOtherBasisAmt
Depreciation$83,223,214DepreciationAmt
Book Value$165,614,300BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$170,889,577TotalBookValueLandBuildingsAmt

Invst Program Related Org InvstProgramRelatedOrgGrp (4 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
INVEST IN ASSOCIATED ORGANIZAT$30,558,353C
SUBORDINATED CERTIFICATES$2,290,312C
OTHER INVESTMENTS$2,063,532C
NON-UTILITY PROPERTY$1,313,894C
FieldValueIRS element (for citing)
Total Book Value Program Rltd$36,226,091TotalBookValueProgramRltdAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescPOST RETIREMENT BENEFIT OBLIGATIONDesc
Amt$5,594,057Amt
FieldValueIRS element (for citing)
Total Liability$5,594,057TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$84,053,489TotalRevEtcAuditedFinclStmtAmt
Revenue Subtotal$84,053,489RevenueSubtotalAmt
Total Revenue Per Form990$84,053,489TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$79,339,980TotExpnsEtcAuditedFinclStmtAmt
Expenses Subtotal$79,339,980ExpensesSubtotalAmt
Other Expenses Not Included$4,713,509OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$4,713,509ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$84,053,489TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE D, PAGE 3, PART XMANAGEMENT HAS EVALUATED THE COOPERATIVE'S TAX POSITIONS AND CONCLUDED THAT THE COOPERATIVE HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. 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 ASSERTED BY TAXING AUTHORITIES IN INCOME TAX EXPENSE AND WITH FEW EXCEPTIONS, IS NO LONGER SUBJECT TO FEDERAL, STATE, OR LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIEES FOR YEARS BEFORE 2019.
SCHEDULE D, PAGE 4, PART XII, LINE 4BMARGINS ASSIGNED TO MEMBERS 4,713,509

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedfalseGrantRecordsMaintainedInd

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1UNITED WAY OF MCLEAN COUNTYBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 1348AddressLine1Txt
CityBLOOMINGTONCityNm
State AbbreviationILStateAbbreviationCd
ZIP61702ZIPCd
FieldValueIRS element (for citing)
Recipient EIN370661505RecipientEIN
IRC Section501C3IRCSectionDesc
Cash Grant$5,625CashGrantAmt
Purpose Of GrantDONATIONPurposeOfGrantTxt
FieldValueIRS element (for citing)
Total501c3 Org1Total501c3OrgCnt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Club Dues Or FeesYes (X)ClubDuesOrFeesInd
Written Policy Ref T And E ExpnssYes (true)WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (true)SubstantiationRequiredInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance PaymentfalseSeverancePaymentInd
Supplemental Nonqual Rtr PlanfalseSupplementalNonqualRtrPlanInd
Equity Based Comp ArrngmfalseEquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (9 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmt
DON TAYLOR
PRESIDENT$434,645$13,725$40,404$488,774
RYAN CAMPBELL
VP ELECTRIC DISTRIB$179,763$96,159$25,497$301,419
LEONARD JOE PRIESTLEY
VP UTILITY SERVICES$189,980$67,816$13,495$271,291
NORM DUNLOP
MGR OF CONSTR & MAIN$133,494$93,707$23,643$250,844
MIKE NELSON
NORTHERN REGION MGR$136,973$83,234$22,426$242,633
GREG YAKLE
MGR OF ENGINEERING$154,978$58,285$27,727$240,990
LYNN OLESON
DIR OF ACCTG & FIN$131,042$83,822$22,350$237,214
BRIAN FELKER
UG FOREMAN$170,303$43,121$15,994$229,418
MARK SCHALEY
MAINTENANCE FOREMAN$137,589$63,119$24,346$225,054

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (11 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PAGE 6, PART VI, LINE 4DURING THE YEAR, THE MEMBERS OF THE COOPERATIVE APPROVED TO AMEND THE THE FOLLOWING BYLAWS OF THE COOPERATIVE: ARTICLE III - DIRECTORS SECTION 1 - GENERAL POWERS -AMDENDED TO CHANGE THE BOARD OF DIRECTORS FROM 13 TO 11 DIRECTORS. SECTION 2 - QUALIFICATIONS AND TENURE - AMENDED TO REMOVE 2 DISTRICTS AND REDISTRICT THE REMAINING DISTRICTS. SECTION 4 - VACANCIES - AMENDED TO ADD THAT ANY VACANCIES FILLED BY THE BOARD OF DIRETORS IN THE EVENT OF A HEALTH EMERGENCY SHALL HOLD OFFICE UNTIL THE EXPIRATION OF THE THREE YEAR TERM OF THAT SEAT SO AS NOT TO AFFECT THE STAGGERED ELECTING OF DIRECTORS. ARTICLE IV - MEETINGS OF DIRECTORS SECTION 1 - REGULAR MEETINGS - AMMENDED TO ADD THAT A REGORANIZATINAL MEETING OF THE BOARD OF DIRECTORS, IN THE EVENT OF THE CANCELLATION OF THE ANNUAL MEETING OF THE MEMBERS DUE TO A HEALTH EMERGENCY, THE BOARD OF DIRECTORS MAY, BY RESOLUTION, SET A TIME AND PLACE FOR SUCH REORGANIZATIONAL MEETING TO OCCUR.
FORM 990, PAGE 6, PART VI, LINE 6CORN BELT ENERGY CORPORATION IS A MEMBER OWNED COOPERATIVE.
FORM 990, PAGE 6, PART VI, LINE 7AALL BOARD MEMBERS ARE ELECTED BY THE MEMBERSHIP.
FORM 990, PAGE 6, PART VI, LINE 7BMEMBERS APPROVE ALL BYLAW CHANGES.
FORM 990, PAGE 6, PART VI, LINE 11BCOOPERATIVE'S PROCESS TO REVIEW FORM 990 - FORM 990 IS REVIEWED BY MANAGEMENT AND THE BOARD, THEN THE BOARD APPROVES BEFORE FILING.
FORM 990, PAGE 6, PART VI, LINE 12CAN ANNUAL INTERNAL REVIEW IS PERFORMED.
FORM 990, PAGE 6, PART VI, LINE 15ACOMPENSATION FOR THE TOP OFFICIAL IS REVIEWED BY THE BOARD ON AN ANNUAL BASIS.
FORM 990, PAGE 6, PART VI, LINE 15BTHE PROCESS FOR DETERMINING COMPENSATION OF THE ORGANIZATION'S OFFICERS OR KEY EMPLOYEES IS UNDERTAKEN AS PART OF THE GENERAL REVIEW OF OTHER COOPERATIVE DATA.
FORM 990, PAGE 6, PART VI, LINE 19BYLAWS ARE AVAILABLE ONLINE ON THE COOPERATIVE'S WEBSITE. POLICIES, FINANCIALS, AND TAX DOCUMENTS ARE AVAILABLE UPON WRITTEN REQUEST.
FORM 990, PART XFORM 990, PART IX, LINE 4 THE INSTRUCTIONS TO THE 2022 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, 2022.
FORM 990, PART XI, LINE 9MARGINS ASSIGNED TO MEMBERS 4,713,509 CHANGE IN OTHER COMPREHENSIVE INCOME 481,084 OTHER CHANGES 500,104 RETIREMENT OF CAPITAL CREDITS -7,125,331 TOTAL -1,430,634

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