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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 Power Cooperative

Corn Belt Power Cooperative

Fiscal year ending 2024. Filed on April 28, 2025.

PO Box 508
Humboldt, Iowa 50548

Corn Belt Power Cooperative (EIN: 42-0655796) has filed an IRS Form 990 since fiscal year 2020. In its fiscal year 2024 IRS Form 990 filing, Corn Belt Power Cooperative, a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 14 out of 95 total employees. Among the employees shown here, the average compensation is $232,757. The highest compensated employee at Corn Belt Power Cooperative is Jacob Olberding Eff April 24 with fiscal year 2024 compensation of $345,891.

Revenue, expenses, and employee compensation

Revenue

$171,564,846

Expenses

$168,932,021

Employee compensation

$11,920,520
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Jacob Olberding Eff April 24
Executive Vice President and General Manager
$345,891
$279,413 No related comp$66,478
Michael Finnegan Eff March 24
Vice President Engineering and System Operations
$310,809
$164,363 No related comp$146,446
Kenneth H Kuyper Retired April 24
Executive Vice President and General Manager
$291,568
$213,274 No related comp$78,294
Patrick Connor
Plant Manager
$275,719
$167,315 No related comp$108,404
Michael Thatcher
Vice President Power Supply
$270,246
$202,789 No related comp$67,457
Ryan Cornelius
Vice President Corporate Relations
$257,740
$202,855 No related comp$54,885
Karen K Berte Retired June 24
Senior Vice President Finance and Administration
$256,929
$160,348 No related comp$96,581
Larry Brusseau
Compliance Director
$223,368
$149,159 No related comp$74,209
Brittany Dickey
Vice President, Business Development
$214,017
$177,203 No related comp$36,814
Daniel Shiflett
ROW and Construction Superintendent
$210,544
$141,786 No related comp$68,758
Brad Hill
Communications Superintendent
$183,324
$137,367 No related comp$45,957
Faith Warden Eff June 24
Vice President, Finance and Administration
$167,572
$126,951 No related comp$40,621

Benchmark Employee Compensation

Non-Employee Board Members

David Onken
President
$22,200
$22,200 No related compNo other comp
Brad Honold
Director
$20,400
$20,400 No related compNo other comp
Dale Schaefer
Vice President
$17,800
$17,800 No related compNo other comp
Larry Rohach
Treasurer
$17,400
$17,400 No related compNo other comp
Steve Boedecker
Director
$16,600
$16,600 No related compNo other comp
Rick Thompson
Director
$16,000
$16,000 No related compNo other comp
Jerry Beck
Secretary
$15,400
$15,400 No related compNo other comp
Gary Poppe
Assistant Secretary and Treasurer
$15,200
$15,200 No related compNo other comp
Ted Hall
Director
$10,600
$10,600 No related compNo other comp

Contractors

Highline Construction Inc
Line Construction
$8,025,445
Ies Commercial Inc.
Line Construction
$5,872,557
Cable Communications Services LLC
Line Construction
$1,639,995
Friest Tree Experts
Tree Trimming
$1,136,649
Open System International Inc
Equipment Design and Installation
$552,280

Mission Statement

To enhance the quality of life for our members, employees and communities.

Revisions to this organization profile

April 28, 2025:
2024 Corn Belt Power Cooperative 990 filed
April 26, 2024:
2023 Corn Belt Power Cooperative 990 filed
March 31, 2023:
2022 Corn Belt Power Cooperative 990 filed

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