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CORN BELT POWER COOPERATIVE

EIN 42-0655796 HUMBOLDT, IA

Largest nonprofits in Iowa

Revenue 2025
$179,857,821
Expenses 2025
$177,333,272

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
12
Classification
4000
Street
PO BOX 508

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2025

Mission

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

Activities or mission (Part I)

Generating and transmitting electrical energy to our members.

  • 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.

As filed on the 2025 return.

Officers and directors · 2025

As listed in Part VII of the 2025 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • Jacob Olberding

    Executive VP and General Manager

    Total calculated
    $359,278
    From this org
    $303,671
    From related orgs
    $0
    Other
    $55,607
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $302,042
    Bonus
    $0
    Other
    $1,629
    Deferred
    $61,890
    Nontaxable benefits
    $34,354
    Filer's total
    $399,915
  • Michael Finnegan

    VP Engineering and System Operations

    Total calculated
    $342,302
    From this org
    $193,950
    From related orgs
    $0
    Other
    $148,352
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $180,572
    Bonus
    $0
    Other
    $13,378
    Deferred
    $152,430
    Nontaxable benefits
    $34,233
    Filer's total
    $380,613
  • Michael Thatcher

    VP Power Supply

    Total calculated
    $276,395
    From this org
    $225,869
    From related orgs
    $0
    Other
    $50,526
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $209,369
    Bonus
    $0
    Other
    $16,499
    Deferred
    $55,275
    Nontaxable benefits
    $35,537
    Filer's total
    $316,680
  • Patrick Connor

    Plant Manager

    Total calculated
    $260,388
    From this org
    $174,195
    From related orgs
    $0
    Other
    $86,193
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,281
    Bonus
    $0
    Other
    $17,914
    Deferred
    $89,810
    Nontaxable benefits
    $32,780
    Filer's total
    $296,785
  • Ryan Cornelius

    VP Corporate Relations

    Total calculated
    $240,528
    From this org
    $210,017
    From related orgs
    $0
    Other
    $30,511
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $198,583
    Bonus
    $0
    Other
    $11,433
    Deferred
    $33,994
    Nontaxable benefits
    $34,549
    Filer's total
    $278,559
  • Brittany Dickey

    VP Business Development

    Total calculated
    $235,280
    From this org
    $189,476
    From related orgs
    $0
    Other
    $45,804
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $185,343
    Bonus
    $0
    Other
    $4,134
    Deferred
    $49,573
    Nontaxable benefits
    $5,190
    Filer's total
    $244,240
  • Faith Warden

    VP Finance and Administration

    Total calculated
    $233,135
    From this org
    $201,067
    From related orgs
    $0
    Other
    $32,068
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $189,223
    Bonus
    $0
    Other
    $11,844
    Deferred
    $36,307
    Nontaxable benefits
    $33,322
    Filer's total
    $270,696
  • Larry Brusseau

    Compliance Director

    Total calculated
    $208,177
    From this org
    $154,989
    From related orgs
    $0
    Other
    $53,188
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $151,774
    Bonus
    $0
    Other
    $3,215
    Deferred
    $53,188
    Nontaxable benefits
    $36,623
    Filer's total
    $244,800
  • Brad Hill

    Communications Superintendent

    Total calculated
    $182,301
    From this org
    $143,318
    From related orgs
    $0
    Other
    $38,983
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $128,843
    Bonus
    $0
    Other
    $14,476
    Deferred
    $41,893
    Nontaxable benefits
    $15,951
    Filer's total
    $201,163
  • Jon Behounek

    Chief System Operator

    Total calculated
    $163,747
    From this org
    $145,033
    From related orgs
    $0
    Other
    $18,714
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $140,332
    Bonus
    $0
    Other
    $4,701
    Deferred
    $21,608
    Nontaxable benefits
    $1,585
    Filer's total
    $168,226
  • Jon Myer

    Manger of Information Technology

    Total calculated
    $162,332
    From this org
    $142,369
    From related orgs
    $0
    Other
    $19,963
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,806
    Bonus
    $0
    Other
    $563
    Deferred
    $19,963
    Nontaxable benefits
    $32,168
    Filer's total
    $194,500
  • David Onken

    President

    Total calculated
    $27,600
    From this org
    $27,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    10
  • Larry Rohach

    Treasurer

    Total calculated
    $18,200
    From this org
    $18,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    7
  • Dale Schaefer

    Vice President

    Total calculated
    $16,400
    From this org
    $16,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    7
  • Rick Thompson

    Director

    Total calculated
    $15,600
    From this org
    $15,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    3
  • Brad Honold

    Director

    Total calculated
    $14,800
    From this org
    $14,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    7
  • Gary Poppe

    Asst Secretary/Treasurer

    Total calculated
    $14,800
    From this org
    $14,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    5
  • Steve Boedecker

    Director

    Total calculated
    $13,800
    From this org
    $13,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    3
  • Ted Hall

    Director

    Total calculated
    $10,800
    From this org
    $10,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    5
  • Jerry Beck

    Secretary

    Total calculated
    $10,200
    From this org
    $10,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us. Earlier years are each on their own filing page.

Filings

  • 2025
    Revenue
    $179,857,821
    Expenses
    $177,333,272
    Contributions
    $0
    Grants paid
    $0
  • 2024
    Revenue
    $171,564,846
    Expenses
    $168,932,021
    Contributions
    $0
    Grants paid
    $0
  • 2023
    Revenue
    $172,579,186
    Expenses
    $171,220,431
    Contributions
    $0
    Grants paid
    $0
  • 2022
    Revenue
    $168,893,187
    Expenses
    $167,570,093
    Contributions
    $0
    Grants paid
    $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $160,842,985
    Expenses
    $159,503,641
    Assets (EOY)
    $481,545,574
  • 2020 · 990

    Revenue
    $162,299,808
    Expenses
    $148,947,263
    Assets (EOY)
    $480,770,132

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

No itemized grant names this organization as a recipient. Only grants over $5,000 are itemized, and only by filers of the full Form 990.

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared as related by

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Related partnerships on its 2025 return

  • Grundy County Industrial Park LC

    Excluded · Economic development · IA · 50% owned · share of income -$1,351 · share of assets $378,807

  • Prairie Energy Development LLC

    Excluded · Economic Development · IA · 50% owned · share of income $1,545 · share of assets $540,311

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Not present in the most recent drop.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 1 November 2026, for every organization at once. Returns through tax year 2025, the newest we have parsed for this organization.