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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Corn Belt Energy Corporation

Corn Belt Energy Corporation

Fiscal year ending 2024. Filed on November 11, 2025.

One Energy Way
Bloomington, Illinois 61705

Corn Belt Energy Corporation (EIN: 37-0228808) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Corn Belt Energy Corporation, a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 9 out of 81 total employees. Among the employees shown here, the average compensation is $295,714. The highest compensated employee at Corn Belt Energy Corporation is Don Taylor with fiscal year 2024 compensation of $668,980.

Revenue, expenses, and employee compensation

Revenue

$88,250,529

Expenses

$88,250,529

Employee compensation

$2,868,873
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Don Taylor
President
$668,980
$519,416 No related comp$149,564
Ryan Campbell
Vice President Electric Distribtuion
$335,103
$216,250 No related comp$118,853
Leonard Joe Priestley
Vice President Utility Services
$273,172
$208,453 No related comp$64,719
Greg Yakle
Engineering Manager
$261,459
$180,204 No related comp$81,255
Lynn Oleson
Director of Accounting and Finance
$255,987
$151,383 No related comp$104,604
Brian Felker
Construction Foreman
$255,424
$209,878 No related comp$45,546
Chris Burnett
Journeyman
$214,006
$174,899 No related comp$39,107
Mike Conway
Area Serviceman
$204,379
$160,405 No related comp$43,974
Whitney Lee Shanholtz
Area Serviceman
$192,913
$162,390 No related comp$30,523

Benchmark Employee Compensation

Non-Employee Board Members

Rae Payne
Board Chair
$29,100
$29,100 No related compNo other comp
Jerry Starkey
Director
$23,950
$23,950 No related compNo other comp
Peter Borowski
Secretary and Treasurer
$20,550
$20,550 No related compNo other comp
Dennis Fredrickson
Vice Chair
$19,950
$19,950 No related compNo other comp
Barbara Metzger
Director
$18,900
$18,900 No related compNo other comp
Beth Beachy
Director
$18,650
$18,650 No related compNo other comp
Kay Werts
Director
$18,450
$18,450 No related compNo other comp
Janice Reimer
Assist Sec-Treasurer
$18,300
$18,300 No related compNo other comp
Denise Mayes
Director
$14,250
$14,250 No related compNo other comp
Terry Longman
Director
$12,750
$12,750 No related compNo other comp
Frank Koblisek
Director
$12,600
$12,600 No related compNo other comp

Contractors

Fletcher-Reinhardt Co
Material Vendor
$5,734,815
Usic Locating Services
Line Location
$4,576,270
Solential Energy Solutions
Contract
$2,334,701
United Utility Supply
Material Vendor
$1,702,218
LandisGYR Technology
Material Vendor
$1,493,098

Mission Statement

To enhance the quality of life of our members and support the communities we serve by cooperatively providing reasonably priced energy with exceptional service.

Revisions to this organization profile

November 11, 2025:
2024 Corn Belt Energy Corporation 990 filed
September 24, 2024:
2023 Corn Belt Energy Corporation 990 filed
September 29, 2023:
2022 Corn Belt Energy Corporation 990 filed

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