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Filing year 2024

Corn Belt Energy Corporation

Bloomington, Illinois·EIN 37-0228808·501(c)(12)
Total revenue
$88.3M
Total assets
$240.9M
Total expenses
$88.3M
Reported officers
20
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.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 20 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

President
Above 90th percentile
$669k
$720k
Base
$519k
Bonus
Other
Benefits
$44k
VP Electric Distribtuion
Board Vice President
Above 90th percentile
$335k
$360k
Base
$216k
Bonus
Other
Benefits
$27k
VP Utility Services
Board Vice President
75th to 90th percentile
$273k
$294k
Base
$208k
Bonus
Other
Benefits
$14k
Manager of Engineering
Highest Compensated Employee
75th to 90th percentile
$261k
$281k
Base
$180k
Bonus
Other
Benefits
$31k
Dir of Accounting & Finance
Officer (Unspecified)
$256k
$275k
Base
$151k
Bonus
Other
Benefits
$25k
Construction Foreman
Highest Compensated Employee
75th to 90th percentile
$255k
$275k
Base
$210k
Bonus
Other
Benefits
$16k
Journeyman
Highest Compensated Employee
Median to 75th percentile
$214k
$230k
Base
$175k
Bonus
Other
Benefits
$25k
Area Serviceman
Highest Compensated Employee
Median to 75th percentile
$204k
$220k
Base
$160k
Bonus
Other
Benefits
$22k
Area Serviceman
Highest Compensated Employee
Median to 75th percentile
$193k
$208k
Base
$162k
Bonus
Other
Benefits
$25k
Chairman of the Board
Board Chair
Median to 75th percentile
$29k
$31k
Director
Board Member
Median to 75th percentile
$24k
$26k
Secretary-treasurer
Board Treasurer
75th to 90th percentile
$21k
$22k
Vice Chairman
Board Vice Chair
Median to 75th percentile
$20k
$21k
Director
Board Member
Median to 75th percentile
$19k
$20k
Director
Board Member
Median to 75th percentile
$19k
$20k
Director
Board Member
Median to 75th percentile
$18k
$20k
Assist Sec-treasurer
Board Treasurer
75th to 90th percentile
$18k
$20k
Director
Board Member
25th percentile to median
$14k
$15k
Director
Board Member
25th percentile to median
$13k
$14k
Director
Board Member
25th percentile to median
$13k
$14k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Up 8%
from 2023

From $618k in 2023 to $669k in 2024.

$618k
2023
$669k
2024
In today's dollarsEst.
Up 5% in real terms$683k to $720k

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 8% from 2023 to 2024, while revenue fell 3%.

$618k in 2023 to $669k in 2024.
  • Board Vice President pay rose 12% from 2023 to 2024.
  • Highest Compensated Employee pay rose 5% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

Corn Belt Energy Corporation reported revenue and expenses across 2 filing years.

RevenueExpenses
$91.3M
$91.3M
2023
$88.3M
$88.3M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about Corn Belt Energy Corporation

What does the Chief Executive Officer of Corn Belt Energy Corporation earn?

In 2024, the Chief Executive Officer of Corn Belt Energy Corporation received $668,980 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at Corn Belt Energy Corporation compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at Corn Belt Energy Corporation falls in the top 10%.

What are Corn Belt Energy Corporation's revenue and expenses?

In 2024, Corn Belt Energy Corporation reported $88.3M in total revenue and $88.3M in total expenses on its IRS Form 990.

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