2023-09-29T11:24:36-04:00 2022-12-31 743040374 KELSO LYNCH PC PA 6700 SQUIBB RD STE 215 MISSION KS 662023252 990 2022-01-01 370228808 CORN BELT ENERGY CORPORATION CORN 3096625330 ONE ENERGY WAY BLOOMINGTON IL 617056356 DON TAYLOR PRESIDENT 3096625330 2023-09-28 true DON TAYLOR 999009999 false THOMAS F HANCOCK CPA P00501575 9138311150 2023-09-29 2022 2023-04-26 12:10:37Z DON TAYLOR 84620298 false X WWW.CORNBELTENERGY.COM X 1938 IL TO ENHANCE THE QUALITY OF LIFE OF OUR MEMBERS AND SUPPORT THE COMMUNITIES WE SERVE BY COOPERATIVELY PROVIDING REASONABLY PRICED ENERGY WITH EXCEPTIONAL SERVICE. 11 11 88 48763 16608 2280400 0 81083994 84000367 453278 -18859 500242 71981 84317914 84053489 5625 5743839 4713509 2533003 2686937 0 0 73760672 76647418 82037514 84053489 2280400 0 225280163 222517545 111832148 110500164 113448015 112017381 TO ENHANCE THE QUALITY OF LIFE OF OUR MEMBERS AND SUPPORT THE COMMUNITIES WE SERVE BY COOPERATIVELY PROVIDING REASONABLY PRICED ENERGY WITH EXCEPTIONAL SERVICE. false false PROVIDE 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. false false false false false false false false false true false true false true true true false false false false false false false false false false true false true false false false false false false false false false false false false false false true 48 0 true 88 true true true false false false false 85400740 2249264 false false false X 11 11 false false true false true true true true true false false true true true true true true true true false X LYNN OLESON 3096625330 ONE ENERGY WAY BLOOMINGTON IL 617056356 DON TAYLOR PRESIDENT 50.00 X 434645 0 54129 RYAN CAMPBELL VP ELECTRIC 50.00 X 179763 0 121656 LEONARD JOE PRIESTLEY VP UTILITY S 50.00 X 189980 0 81311 NORM DUNLOP MGR OF CONST 50.00 X 133494 0 117350 MIKE NELSON NORTHERN REG 50.00 X 136973 0 105660 GREG YAKLE MGR OF ENGIN 50.00 X 154978 0 86012 LYNN OLESON DIR OF ACCTG 50.00 X 131042 0 106172 BRIAN FELKER UG FOREMAN 54.00 X 170303 0 59115 MARK SCHALEY MAINTENANCE 48.00 X 137589 0 87465 RAE PAYNE CHAIRMAN OF 8.18 X 26600 0 0 PETER BOROWSKI SECRETARY-TR 6.76 X 20500 0 0 JERRY STARKEY DIRECTOR 6.29 X 19100 0 0 DENNIS FREDRICKSON VICE CHAIRMA 7.04 X 18500 0 0 JANICE REIMER ASSIST SEC-T 5.89 X 17700 0 0 KAY WERTS DIRECTOR 7.71 X 17650 0 0 JESSE SLAGER DIRECTOR 4.99 X 16850 0 0 FRANK KOBILSEK DIRECTOR 5.44 X 16750 0 0 BARBARA METZGER DIRECTOR 8.56 X 15650 0 0 TERRY LONGMAN DIRECTOR 4.42 X 12900 0 0 DENISE MAYES DIRECTOR 2.51 X 10500 0 0 ROBERT ANGUS DIRECTOR 1.93 X 6600 0 0 1868067 818870 45 false true false SHEARER TREE SERVICE PO BOX 52 OGLESBY IL 61348 TREE CONTRACTOR 1138275 ENDRIZZI CONTRACTING 965 CORZINE ROAD BUNCOMBE IL 62912 TREE CONTRACTOR 1064371 USIC LOCATING SERVICES P O BOX 713359 CINCINNATI OH 45271 CONTRACT SERVIC 459669 OTC SERVICES INC 1776 CONSTITUTION AVE LOUISVILLE OH 44641 REPAIR TRANSFOR 276035 HOERR CONSTRUCTION PO BOX 65 1416 COUNTY RD 200N GOODFIELD IL 61742 BORING SVCS 134836 14 ELECTRIC SALES 221000 82147200 82147200 CAPITAL CREDITS 221000 1806207 1806207 POLE ATTACHMENT 221000 48980 48980 OTHER PROGRAM SERVICES 221000 -2020 -2020 84000367 215719 215719 88240 36543 51697 51697 51697 295688 530266 -234578 -234578 -234578 MISCELLANEOUS 221000 23218 23218 K-1 COOPERATIVE BALLOON ASSOC 221000 -2934 -2934 20284 84053489 83740027 48763 264699 X 5625 4713509 1497998 1188939 3505694 6527697 COST OF ENERGY 52723669 DISTRIBUTION 8775801 ADMIN & GENERAL 3614184 MEMBER SERVICES 1500373 84053489 0 0 0 885920 828518 9059851 10907480 2347236 2891290 1108033 774589 256125279 85235702 169431586 170889577 42447537 36226091 225280163 222517545 7318877 9607621 3777822 5724221 94785564 89574265 5949885 5594057 111832148 110500164 X 7605587 9021497 105842428 102995884 113448015 112017381 225280163 222517545 X 0 -1430634 X false true X true false 1208629 1208629 6079136 2012488 4066648 248837514 83223214 165614300 170889577 INVEST IN ASSOCIATED ORGANIZAT 30558353 C SUBORDINATED CERTIFICATES 2290312 C OTHER INVESTMENTS 2063532 C NON-UTILITY PROPERTY 1313894 C 36226091 POST RETIREMENT BENEFIT OBLIGATION 5594057 5594057 X 84053489 84053489 84053489 79339980 79339980 4713509 4713509 84053489 SCHEDULE D, PAGE 3, PART X MANAGEMENT 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 4B MARGINS ASSIGNED TO MEMBERS 4,713,509 false UNITED WAY OF MCLEAN COUNTY PO BOX 1348 BLOOMINGTON IL 61702 370661505 501C3 5625 DONATION 1 X true true X false false false DON TAYLOR PRESIDENT 434645 13725 40404 488774 RYAN CAMPBELL VP ELECTRIC DISTRIB 179763 96159 25497 301419 LEONARD JOE PRIESTLEY VP UTILITY SERVICES 189980 67816 13495 271291 NORM DUNLOP MGR OF CONSTR & MAIN 133494 93707 23643 250844 MIKE NELSON NORTHERN REGION MGR 136973 83234 22426 242633 GREG YAKLE MGR OF ENGINEERING 154978 58285 27727 240990 LYNN OLESON DIR OF ACCTG & FIN 131042 83822 22350 237214 BRIAN FELKER UG FOREMAN 170303 43121 15994 229418 MARK SCHALEY MAINTENANCE FOREMAN 137589 63119 24346 225054 FORM 990, PAGE 6, PART VI, LINE 4 DURING 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 6 CORN BELT ENERGY CORPORATION IS A MEMBER OWNED COOPERATIVE. FORM 990, PAGE 6, PART VI, LINE 7A ALL BOARD MEMBERS ARE ELECTED BY THE MEMBERSHIP. FORM 990, PAGE 6, PART VI, LINE 7B MEMBERS APPROVE ALL BYLAW CHANGES. FORM 990, PAGE 6, PART VI, LINE 11B COOPERATIVE'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 12C AN ANNUAL INTERNAL REVIEW IS PERFORMED. FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION FOR THE TOP OFFICIAL IS REVIEWED BY THE BOARD ON AN ANNUAL BASIS. FORM 990, PAGE 6, PART VI, LINE 15B THE 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 19 BYLAWS ARE AVAILABLE ONLINE ON THE COOPERATIVE'S WEBSITE. POLICIES, FINANCIALS, AND TAX DOCUMENTS ARE AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART X FORM 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 9 MARGINS 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