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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 2019. Filed on September 25, 2020.

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 2019 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 96 total employees. Among the employees shown here, the average compensation is $237,047. The highest compensated employee at Corn Belt Energy Corporation is Don Taylor with fiscal year 2019 compensation of $507,322.

Revenue, expenses, and employee compensation

Revenue

$82,444,859

Expenses

$82,444,859

Employee compensation

$1,362,967
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Don Taylor
President
$507,322
$310,335 No related comp$196,987
Steve Hancock
Vice President of Electric Distribution
$290,466
$159,940 No related comp$130,526
Mark Schaley
Maint Foreman
$204,123
$135,902 No related comp$68,221
Michael Nelson
Op Manager - North
$203,697
$132,196 No related comp$71,501
Ryan Campbell
Op Manager-Central
$191,158
$135,701 No related comp$55,457
Brian Felker
UG Foreman
$190,866
$149,707 No related comp$41,159
Lynn Oleson
Controller
$190,768
$116,685 No related comp$74,083
Leonard Joe Priestley
Vice President of Utility Services
$185,436
$148,728 No related comp$36,708
Adam Knudsen
Journeyman
$169,586
$128,375 No related comp$41,211

Benchmark Employee Compensation

Non-Employee Board Members

Rae Payne
Chair
$23,850
$23,850 No related compNo other comp
Peter Borowski
Director
$20,900
$20,900 No related compNo other comp
Janice Reimer
Treasurer
$19,875
$19,875 No related compNo other comp
Jerry Starkey
Director
$18,250
$18,250 No related compNo other comp
Dennis Fredrickson
Director
$17,600
$17,600 No related compNo other comp
Albert Hagenbuch
Secretary
$13,625
$13,625 No related compNo other comp
Terry Longman
Director
$13,250
$13,250 No related compNo other comp
Jesse Slager
Director
$13,050
$13,050 No related compNo other comp
Robert Angus
Director
$11,925
$11,925 No related compNo other comp
Laverne Malone
Director
$11,650
$11,650 No related compNo other comp
Charles Meissenheimer
Vice President
$10,600
$10,600 No related compNo other comp
Gary Archey
Director
$7,475
$7,475 No related compNo other comp

Contractors

Four Seasons Tree & Landscaping Svc
Tree Contractor
$852,220
Stark Excavating
Construction Crew
$676,834
Enterprise Fm Trust
Vehicle Leasing
$620,921
Nisc
Software Agreement
$479,113
Usic Locating Services LLC
Contract
$407,589

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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