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Filing year 2024

Corn Belt Energy Corporation

Bloomington, Illinois·EIN 37-0228808·12
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 · Schedule J · 20 reported individuals · Filing year 2024

$669k
$720k
Base
$519k
Bonus
Other
Benefits
$44k
VP Electric Distribtuion
vice president
$335k
$360k
Base
$216k
Bonus
Other
Benefits
$27k
VP Utility Services
vice president
$273k
$294k
Base
$208k
Bonus
Other
Benefits
$14k
Manager of Engineering
highest compensated employee
$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
$255k
$275k
Base
$210k
Bonus
Other
Benefits
$16k
Journeyman
highest compensated employee
$214k
$230k
Base
$175k
Bonus
Other
Benefits
$25k
Area Serviceman
highest compensated employee
$204k
$220k
Base
$160k
Bonus
Other
Benefits
$22k
Area Serviceman
highest compensated employee
$193k
$208k
Base
$162k
Bonus
Other
Benefits
$25k
Chairman of the Board
board chair
$29k
$31k
Director
board member
$24k
$26k
Secretary-treasurer
board treasurer
$21k
$22k
Vice Chairman
board vice chair
$20k
$21k
Director
board member
$19k
$20k
Director
board member
$19k
$20k
Director
board member
$18k
$20k
Assist Sec-treasurer
board treasurer
$18k
$20k
Director
board member
$14k
$15k
Director
board member
$13k
$14k
Director
board member
$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.

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.
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