Corn Belt Power Cooperative

Organization Overview

Corn Belt Power Cooperative is located in Humboldt, IA. The organization was established in 1949. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2022, Corn Belt Power Cooperative employed 93 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Corn Belt Power Cooperative is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.

For the year ending 12/2022, Corn Belt Power Cooperative generated $168.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $167.6m during the year ending 12/2022. While expenses have increased by 3.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

GENERATING AND TRANSMITTING ELECTRICAL ENERGY TO OUR MEMBERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

EACH ACTIVITY IS PART OF THE WHOLE PROCESS OF GENERATING AND TRANSMITTING ELECTRICAL ENERGY TO OUR 9 MEMBER RURAL SERVICE COOPERATIVES AND OUR ONE MEMBER MUNICIPAL ELECTRICAL COOPERATIVE.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Sullivan & Ward Pc
Legal Services
$192,484
Burns & Mcdonell
Engineering Consulting
$158,529
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$167,546,382
Investment income $350,347
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $4,635
Net Gain/Loss on Asset Sales $991,391
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $168,893,187

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