2020-09-25T07:32:13-07:00 2019-12-31 743040374 Kevin S Kelso CPA PC PA 6700 Squibb Road Suite 215 Mission KS 66202 990 2019-01-01 370228808 Corn Belt Energy Corporation CORN 3096625330 One Energy Way Bloomington IL 61705 Don Taylor President 2020-09-25 true George Lynch P00187596 9138311150 2019 2021-04-22 16:20:28Z Don Taylor One Energy Way Bloomington IL 617056356 82466894 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. 13 13 96 60869 0 84134608 82161762 97755 176973 433805 106124 84666168 82444859 0 7892823 5690836 1240583 1362967 0 0 75531158 75391056 84664564 82444859 1604 0 210271203 212494414 104986555 108615909 105284648 103878505 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 business 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 false false true false false false false false false false false false false false false false false true 44 0 true 96 true true true false false false false 80441161 3166238 false false false X 13 13 false false false 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 0.00 X 310335 0 196987 Steve Hancock V P of Electric Distribution 50.00 0.00 159940 0 130526 Mark Schaley Maint Foreman 50.00 0.00 135902 0 68221 Michael Nelson Op Manager - North 50.00 0.00 132196 0 71501 Ryan Campbell Op Manager-Central 50.00 0.00 135701 0 55457 Brian Felker UG Foreman 52.00 0.00 149707 0 41159 Lynn Oleson Controller 50.00 0.00 X 116685 0 74083 Leonard Joe Priestley Vice President of Utility Services 50.00 0.00 148728 0 36708 Adam Knudsen Journeyman 48.00 0.00 128375 0 41211 Rae Payne Chairman 10.13 0.00 X 23850 0 0 Peter Borowski Director 8.14 0.00 X 20900 0 0 Janice Reimer Treasurer 5.51 0.00 X 19875 0 0 Jerry Starkey Director 6.32 0.00 X 18250 0 0 Dennis Fredrickson Director 7.37 0.00 X 17600 0 0 Albert Hagenbuch Secretary 5.41 0.00 X 13625 0 0 Terry Longman Director 3.49 0.00 X 13250 0 0 Jesse Slager Director 5.20 0.00 X 13050 0 0 Robert Angus Director 4.16 0.00 X 11925 0 0 Laverne Malone Director 3.65 0.00 X 11650 0 0 Charles Meissenheimer Vice President 3.49 0.00 X 10600 0 0 Gary Archey Director 4.67 0.00 X 7475 0 0 Denise Mayes Director 1.54 0.00 X 6450 0 0 Kay Werts Director 1.00 0.00 X 475 0 0 1606544 715853 9 false true false Four Seasons Tree & Landscaping Svc 777 N Convent Street Bourbonnais IL 60914 Tree Contractor 852220 Stark Excavating 1805 W Washington Street Bloomington IL 61701 Construction Crew 676834 Enterprise FM Trust P O Box 800089 Kansas City MO 64180 Vehicle Leasing 620921 NISC P O Box 1147 Mandan ND 58554 Software Agreement 479113 USIC Locating Services P O Box 713359 Cincinnati OH 45271 Contract Services 407589 5 0 Capital Credits 221000 2866666 2866666 Electric Sales 221000 79218428 79218428 Other Program Services 221000 17470 17470 Pole Attachment 221000 59198 59198 82161762 100009 100009 0 0 82904 22035 60869 60869 60869 76964 76964 76964 76964 0 0 0 Miscellaneous 221000 45255 45255 45255 82444859 82324792 60869 59198 X 0 0 0 5690836 1362967 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3917813 0 6182003 0 Cost of Energy 50745110 Distribution 8629884 Admin & General 4085183 Member Services 1826813 4250 82444859 0 0 0 437488 874155 0 0 9668419 9839975 0 0 0 1916003 1936231 4362265 2858682 237663359 72290371 164203408 165372988 0 0 29678767 31612383 0 4853 0 210271203 212494414 7371748 8612419 1724719 1518986 89521591 91872362 6368497 6612142 104986555 108615909 X 6169306 6969650 99115342 96908855 105284648 103878505 210271203 212494414 X 0 -1406143 X false true X true false 1204571 1204571 5273369 1798332 3475037 231185419 70492039 160693380 165372988 31612383 Post Retirement Benefit Obligation 6612142 6612142 X 82444859 82444859 82444859 76754023 76754023 5690836 5690836 82444859 Part X : FIN48 Footnote Management has evaluated the Cooperative's tax positions and concluded that the Cooperative has taken no uncertain tax positions that require adjustments 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 assessed 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 authorities for years before 2016. Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S Margins Assigned to Members $5690836 X true true X false false false Adam Knudsen Journeyman 128375 14321 26890 169586 Brian Felker UG Foreman 149707 22257 18902 190866 Don Taylor President 310335 170789 26198 507322 Leonard Joe Priestley Vice President of Utility Services 148728 25494 11214 185436 Lynn Oleson Controller 116685 51147 22936 190768 Mark Schaley Maint Foreman 135902 39089 29132 204123 Michael Nelson Op Manager - North 132196 51083 20418 203697 Ryan Campbell Op Manager-Central 135701 43737 11720 191158 Steve Hancock V P of Electric Distribution 159940 108963 21563 290466 Part I, Line 1a: Relevant information in regards to selections on 1a. The Cooperative will pay $10 per month toward the cost of health club dues as part of the wellness program. All employees are eligible for this benefit and all amounts are taxed as fringe benefits Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder Corn Belt Energy Corporation is a members owned Cooperative Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body All Board Members are elected by the membership Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders Members approve all bylaw changes Form 990, Part VI, Line 11b: Form 990 Review Process The Board Members will review the Form 990, and bring up for discussion during the finance committee and regular board meeting Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts An annual internal review is performed Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management Compensation for the top official is reviewed by the Board on an annual basis Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees 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, Part VI, Line 19: Other Organization Documents Publicly Available Bylaws are available online on the Cooperative's website. Policies, financials, and tax documents are available upon written request Other Changes In Net Assets Or Fund Balances - Other Increases Margins Assigned to Members = $5690836 Other Changes In Net Assets Or Fund Balances - Other Increases Other Changes = $277420 Other Changes In Net Assets Or Fund Balances - Other Decreases Retirement of Capital Credits = -$7374399