Overview
What is Corn Belt Power Cooperative?
Corn Belt Power Cooperative is a nonprofit organization headquartered in Humboldt, Iowa. Their primary focus revolves around generating and transmitting electrical energy to nine rural service cooperatives and one municipal electrical cooperative within their network. By executing this mission, they aim to improve the overall quality of life for their members, employees, and the communities they serve. The cooperative employs a team of 93 individuals, all contributing to the larger process of power production and distribution.
Official website here: www.cbpower.coop
What do the Facebook reviews say about Corn Belt Power Cooperative?
82% of reviewers on Facebook recommend Corn Belt Power Cooperative. Here is a summary of their reviews:
The feedback indicates that employees find the workplace environment to be quite positive, highlighting it as a "great place to work." While the number of reviews is limited, the shared sentiment reflects a level of satisfaction with the cooperative's culture and overall work experience.
Overall, it appears that Corn Belt Power Cooperative is viewed favorably by its team members, suggesting that the organization fosters a supportive atmosphere conducive to professional growth and collaboration.
This AI summary has been generated from reviews found on Facebook.
Is Corn Belt Power Cooperative legitimate?
Corn Belt Power Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Corn Belt Power Cooperative 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: $1,840,582
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,606,416
For more financial information, click here
Official website here: www.cbpower.coop
What is the mission statement of Corn Belt Power Cooperative?
The Corn Belt Power Cooperative is dedicated to enhancing the quality of life for its members, employees, and local communities. This mission is carried out through the cooperative's primary activity of generating and transmitting electrical energy to nine rural service cooperatives and one municipal electrical cooperative. Each aspect of this process contributes to the overall goal of improving lives. By providing reliable and efficient energy services, the cooperative plays a crucial role in supporting the daily needs and economic development of the communities it serves. Additionally, the cooperative's commitment to its mission extends beyond energy production, as it strives to make a positive impact on the well-being of its members and employees.
Official website here: www.cbpower.coop
Who is the CEO of Corn Belt Power Cooperative?
David Onken is the President of Corn Belt Power Cooperative.
Official website here: www.cbpower.coop
What is the revenue of Corn Belt Power Cooperative?
Corn Belt Power Cooperative's revenue in 2022 was $168,893,187.
Official website here: www.cbpower.coop
Who are the executives of Corn Belt Power Cooperative and what are their salaries?
The average compensation at Corn Belt Power Cooperative during 2022 was $80,075. There are 93 employees at Corn Belt Power Cooperative.
Here are 21 key members and their salaries:
- Compensation: $217,165
- Related: $0
- Other: $300,989
- Compensation: $354,038
- Related: $0
- Other: $150,836
- Compensation: $200,251
- Related: $0
- Other: $282,764
- Compensation: $195,429
- Related: $0
- Other: $171,149
- Compensation: $171,985
- Related: $0
- Other: $191,521
- Compensation: $155,918
- Related: $0
- Other: $148,043
- Compensation: $123,251
- Related: $0
- Other: $167,779
- Compensation: $140,572
- Related: $0
- Other: $89,589
- Compensation: $139,429
- Related: $0
- Other: $11,031
- Compensation: $119,457
- Related: $0
- Other: $22,693
- Compensation: $27,875
- Related: $0
- Other: $0
- Compensation: $18,895
- Related: $0
- Other: $0
- Compensation: $14,525
- Related: $0
- Other: $0
- Compensation: $13,900
- Related: $0
- Other: $0
- Compensation: $13,750
- Related: $0
- Other: $0
- Compensation: $11,150
- Related: $0
- Other: $0
- Compensation: $10,450
- Related: $0
- Other: $0
- Compensation: $9,900
- Related: $0
- Other: $0
- Compensation: $5,250
- Related: $0
- Other: $0
- Compensation: $2,750
- Related: $0
- Other: $0
- Compensation: $1,400
- Related: $0
- Other: $0
Official website here: www.cbpower.coop
Where can I find the form 990 for Corn Belt Power Cooperative?
Corn Belt Power Cooperative's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cbpower.coop
Learn more at the official website: www.cbpower.coop
Mission Statement of Corn Belt Power Cooperative
Corn Belt Power Cooperative, a key player in the electrical energy sector, is dedicated to improving the living standards for its members, employees, and the communities it serves. This Midwest cooperative's mission is multifaceted, encompassing the generation and transmission of electrical energy to nine rural member cooperatives and one municipal cooperative.
At the heart of Corn Belt Power Cooperative's operations lies the transformation of raw energy sources into usable electrical power. This process is vital to the cooperative's mission of enhancing the quality of life for its members. Each step in this process - from the generation of electrical energy to its transmission to the cooperatives - contributes to the larger goal of providing reliable and efficient power to its members.
Corn Belt Power Cooperative's mission goes beyond just the provision of electrical energy. It strives to make a positive impact on the lives of its members and the communities it serves. By focusing on the betterment of its members, employees, and the communities it touches, Corn Belt Power Cooperative is able to create a stronger and more connected network of individuals and organizations. In doing so, it fosters a sense of community and collaboration, ultimately enhancing the overall quality of life for all those involved.
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Impact
October, 2024
Corn Belt Power Cooperative plays a vital role in generating and transmitting electrical energy to its members, which include nine rural service cooperatives and one municipal electrical cooperative. Based in Humboldt, Iowa, the organization focuses on enhancing the quality of life for its members, employees, and the surrounding communities. Through its dedicated efforts, Corn Belt Power Cooperative supports reliable and sustainable energy access, contributing to the overall well-being and development of the areas it serves. Its commitment to public benefit underscores its impact on the local economy and environment, fostering a sense of community and shared responsibility.
This information is meant to be a general summary of Corn Belt Power Cooperative. 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 2022.
- Investment Income: $1,341,738
- Program Service Revenue: $167,546,382
- Gross Receipts: $168,893,187
Assets and Liabilities:
- Total Assets: $515,608,745
- Total Liabilities: $330,568,964
- Net Assets: $185,039,781
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Electric Energy sales
Revenue
$133,281,214
RTO revenue
Revenue
$14,982,828
Patronage allocation
Revenue
$14,968,534
Substation and tower use fees
Revenue
$4,087,537
Wheeling Fees
Revenue
$34,357
Organization Details
Founding Year
1947
Phone
(515) 332-2571Principal Officer
David Onken
Main Address
PO Box 508, Humboldt, IA, 50548
Website
www.cbpower.coopNTEE Category
Code: W80 - Public benefit
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