Overview
What is Corn Belt Energy Corporation?
The Corn Belt Energy Corporation is a cooperative based in Bloomington, Illinois, serving over 35,000 homes and businesses across 18 counties in central Illinois. Their mission is to improve the lives of their members and support their communities by collectively providing affordable energy with excellent customer service. The corporation operates in Bureau, Champaign, De Witt, Ford, Henry, Kendall, Knox, LaSalle, Livingston, Logan, Macon, Marshall, McLean, Piatt, Putnam, Stark, Tazewell, and Woodford Counties. With a workforce of 88 employees, they are dedicated to enhancing the quality of life for their members and contributing positively to their communities.
Official website here: www.cornbeltenergy.com
What are the reviews and ratings of this charity?
Corn Belt Energy Corporation is not currently rated by Charity Navigator, as it does not meet the necessary criteria for evaluation. Charity Navigator typically assesses nonprofits based on categories such as Accountability & Finance, and Impact & Measurement, among others. However, because Corn Belt Energy is not registered as a 501(c)(3) organization, these evaluations are not applicable.
The organization does not have available revenue, expenses, or salary data for assessment, further limiting the potential for a comprehensive rating by Charity Navigator. The lack of historical financial data means that even a retrospective analysis of its financial health is challenging, rendering it outside the conventional review methodologies used by Charity Navigator.
According to Charity Navigator, the absence of a rating does not necessarily reflect negatively on Corn Belt Energy. Instead, it indicates that the organization's nonprofit status is categorized differently, and it operates independently of the typical structures that charity evaluators review. This independence means that it neither adheres to nor deviates from typical nonprofit financial and operational expectations, based simply on Charity Navigator's criteria.
No user reviews were found on GreatNonprofits to provide further insight into public perception or personal experiences with Corn Belt Energy Corporation.
This AI summary has been generated from information found on Charity Navigator.
Is Corn Belt Energy Corporation legitimate?
Corn Belt Energy Corporation is a legitimate nonprofit organization registered as a 501(c)(12) entity. Corn Belt Energy Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,605,248
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,185,990
For more financial information, click here
Official website here: www.cornbeltenergy.com
What is the mission statement of Corn Belt Energy Corporation?
Corn Belt Energy Corporation strives to enhance the quality of life of its members and contribute to the communities it serves. It does so by cooperatively providing reasonably priced energy with exceptional service. This mission statement is reflected in the corporation's efforts to provide electric services to approximately 35,000 homes and businesses across 18 counties. By focusing on reasonable energy prices and exceptional service, Corn Belt Energy Corporation aims to make a positive impact on the lives of its customers. The corporation's commitment to its community is evident in its dedication to delivering reliable energy and exceptional customer service.
Official website here: www.cornbeltenergy.com
What is the revenue of Corn Belt Energy Corporation?
Corn Belt Energy Corporation's revenue in 2023 was $91,331,713.
Official website here: www.cornbeltenergy.com
Who are the executives of Corn Belt Energy Corporation and what are their salaries?
The average compensation at Corn Belt Energy Corporation during 2023 was $30,673. There are 91 employees at Corn Belt Energy Corporation.
Here are 20 key members and their salaries:
- Compensation: $474,744
- Related: $0
- Other: $143,541
- Compensation: $196,912
- Related: $0
- Other: $103,392
- Compensation: $202,803
- Related: $0
- Other: $61,050
- Compensation: $140,309
- Related: $0
- Other: $109,718
- Compensation: $165,326
- Related: $0
- Other: $75,803
- Compensation: $161,875
- Related: $0
- Other: $74,217
- Compensation: $142,181
- Related: $0
- Other: $88,781
- Compensation: $183,952
- Related: $0
- Other: $43,829
- Compensation: $138,127
- Related: $0
- Other: $87,129
- Compensation: $29,500
- Related: $0
- Other: $0
- Compensation: $22,450
- Related: $0
- Other: $0
- Compensation: $21,650
- Related: $0
- Other: $0
- Compensation: $20,600
- Related: $0
- Other: $0
- Compensation: $20,550
- Related: $0
- Other: $0
- Compensation: $20,050
- Related: $0
- Other: $0
- Compensation: $14,700
- Related: $0
- Other: $0
- Compensation: $13,550
- Related: $0
- Other: $0
- Compensation: $13,400
- Related: $0
- Other: $0
- Compensation: $11,700
- Related: $0
- Other: $0
- Compensation: $9,400
- Related: $0
- Other: $0
Official website here: www.cornbeltenergy.com
Where can I find the form 990 for Corn Belt Energy Corporation?
Corn Belt Energy Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.cornbeltenergy.com
Learn more at the official website: www.cornbeltenergy.com
Mission Statement of Corn Belt Energy Corporation
Corn Belt Energy Corporation, a cooperative entity, strives to improve the living standards of its members and contribute to the communities it serves. The organization is dedicated to providing affordable energy solutions alongside exceptional customer service. With a presence in Central Illinois, Corn Belt Energy Corporation powers over 35,000 homes and businesses across 18 counties, including Bureau, Champaign, De Witt, Ford, Henry, Kendall, Knox, LaSalle, Livingston, Logan, Macon, Marshall, McLean, Piatt, Putnam, Stark, Tazewell, and Woodford.
At the heart of Corn Belt Energy Corporation's mission lies the commitment to enhancing the quality of life for its members and the communities it supports. By collaborating cooperatively, the organization provides energy services that cater to the needs of its clients, ensuring that the energy they consume is both reasonable in price and reliable in delivery. This approach not only benefits the consumers but also fosters a strong sense of community and mutual support among its members.
Corn Belt Energy Corporation's unwavering mission extends beyond the provision of energy services. The organization's focus on exceptional customer service ensures that its members receive personalized attention, addressing their queries and concerns in a timely and effective manner. This commitment to service excellence has earned Corn Belt Energy Corporation a reputation as a trusted energy provider in Central Illinois. In conclusion, Corn Belt Energy Corporation, a cooperative entity serving Central Illinois, is dedicated to enhancing the quality of life of its members and supporting the communities it serves by cooperatively providing affordable energy with exceptional customer service.
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Impact
October, 2024
Corn Belt Energy Corporation plays a vital role in enhancing the quality of life for its members across 18 counties in central Illinois. By providing electric services to over 35,000 homes and businesses, the organization ensures access to reasonably priced energy while maintaining exceptional service standards. This commitment not only supports individual households but also contributes to the overall economic stability and growth of the communities it serves, including areas such as Bureau, Champaign, and Tazewell counties.
In addition to energy provision, Corn Belt Energy emphasizes community support, recognizing that a reliable energy supply is fundamental to fostering vibrant neighborhoods and local economies. Their efforts help create a foundation upon which residents and businesses can thrive, making a significant positive impact on the lives of their members and the broader social fabric of the region.
This information is meant to be a general summary of Corn Belt Energy Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $151,234
- Program Service Revenue: $91,022,597
- Gross Receipts: $91,371,554
Assets and Liabilities:
- Total Assets: $222,517,545
- Total Liabilities: $110,500,164
- Net Assets: $112,017,381
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Sale of Electricity
Revenue
$87,602,534
Capital Credits
Revenue
$3,352,008
Pole Attachment
Revenue
$68,453
Other Program Services
Revenue
-$398
Organization Details
Founding Year
1938
Principal Officer
Don Taylor
Website
www.cornbeltenergy.comNTEE Category
Code: W80 - Public benefit
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