KANKAKEE VALLEY RURAL ELECTRIC MEMBERSHIP CORPORATION: Form 990, tax year 2022
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- Organization
- KANKAKEE VALLEY RURAL ELECTRIC MEMBERSHIP CORPORATION (EIN 35-0431792)
- Tax period
- 2022-01-01 to 2022-12-31
- Filed
- 2023-09-28
- IRS object ID
- 202302719349300800
- Schema version
- 2022v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-09-28T07:27:15-05:00 | ReturnTs |
| Tax Period End | 2022-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 363163136 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LWG CPAS & ADVISORS | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1776 N MERIDIAN ST STE 500 | AddressLine1Txt |
| City | INDIANAPOLIS | CityNm |
| State Abbreviation | IN | StateAbbreviationCd |
| ZIP | 46202 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2022-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 350431792 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KANKAKEE VALLEY RURAL ELECTRIC | BusinessNameLine1Txt |
| Business Name Line2 | MEMBERSHIP CORPORATION | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | KANK | BusinessNameControlTxt |
| Phone | 2197332511 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 157 | AddressLine1Txt |
| City | WANATAH | CityNm |
| State Abbreviation | IN | StateAbbreviationCd |
| ZIP | 463900157 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | SCOTT SEARS | PersonNm |
| Person Title | CEO | PersonTitleTxt |
| Phone | 2197332511 | PhoneNum |
| Signature | 2023-09-12 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | SCOTT | PersonFirstNm |
| Person Last | SEARS | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | BRIAN D CHERRY | PreparerPersonNm |
| PTIN | P01355823 | PTIN |
| Phone | 3176344747 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | SCOTT A SEARS | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 157 | AddressLine1Txt |
| City | WANATAH | CityNm |
| State Abbreviation | IN | StateAbbreviationCd |
| ZIP | 46390 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $41,293,365 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.KVREMC.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1939 | FormationYr |
| Legal Domicile State | IN | LegalDomicileStateCd |
| Activity Or Mission | KANKAKEE VALLEY REMC IS A RURAL ELECTRIC UTILITY SERVING MEMBERS IN PARTS OF SEVEN COUNTIES. | ActivityOrMissionDesc |
| Voting Members Governing Body | 7 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 7 | VotingMembersIndependentCnt |
| Total Employee | 59 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | -$2,145 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $37,443,179 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $40,180,452 | CYProgramServiceRevenueAmt |
| PY Investment Income | $273,069 | PYInvestmentIncomeAmt |
| CY Investment Income | $71,471 | CYInvestmentIncomeAmt |
| PY Other Revenue | $2,524,010 | PYOtherRevenueAmt |
| CY Other Revenue | $1,015,982 | CYOtherRevenueAmt |
| PY Total Revenue | $40,240,258 | PYTotalRevenueAmt |
| CY Total Revenue | $41,267,905 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $0 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $0 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $36,819,114 | PYOtherExpensesAmt |
| CY Other Expenses | $39,369,908 | CYOtherExpensesAmt |
| PY Total Expenses | $36,819,114 | PYTotalExpensesAmt |
| CY Total Expenses | $39,369,908 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $3,421,144 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $1,897,997 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $81,950,710 | TotalAssetsBOYAmt |
| Total Assets EOY | $92,935,164 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $28,910,466 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $38,172,255 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $53,040,244 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $54,762,909 | NetAssetsOrFundBalancesEOYAmt |
| Mission | DISTRIBUTION OF ELECTRICITY TO RURAL CUSTOMERS. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $39,369,908 | ExpenseAmt |
| Revenue | $40,180,452 | RevenueAmt |
| Desc | DISTRIBUTION OF ELECTRICITY TO RURAL CUSTOMERS. | Desc |
| Total Program Service Expenses | $39,369,908 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | Yes (1) | PoliticalCampaignActyInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | Yes (1) | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 41 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 59 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Members And Shr Gross Income | $40,180,452 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $1,087,454 | OtherSourcesGrossIncomeAmt |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 7 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 7 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | IN | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ANGELA SWANSON | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2197332511 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 157 | AddressLine1Txt |
| City | WANATAH | CityNm |
| State Abbreviation | IN | StateAbbreviationCd |
| ZIP | 463900157 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (13 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| WILLIAM BOHLING | |||||||
| SECRETARY | 4.08 | Yes (X) | Yes (X) | $11,100 | $0 | $0 | |
| CHRISTIAN BIRKY | |||||||
| DIRECTOR | 2.99 | Yes (X) | $9,900 | $0 | $0 | ||
| DEAN MORETTON | |||||||
| DIRECTOR | 4.52 | Yes (X) | $11,400 | $0 | $0 | ||
| DAVID JANNEY | |||||||
| VICE PRESIDENT | 6.46 | Yes (X) | Yes (X) | $12,900 | $0 | $0 | |
| RUSSELL GUSE | |||||||
| DIRECTOR | 1.53 | Yes (X) | $9,900 | $0 | $0 | ||
| KATRINA HARPER | |||||||
| DIRECTOR | 5.06 | Yes (X) | $13,200 | $0 | $0 | ||
| MICHAEL YANKAUSKAS | |||||||
| PRESIDENT | 8.06 | Yes (X) | Yes (X) | $13,800 | $0 | $0 | |
| SCOTT SEARS | |||||||
| CEO | 45.00 | Yes (X) | $186,175 | $0 | $142,459 | ||
| SCOTT HANSON | |||||||
| DIRECTOR OF OPERATIONS | 45.00 | $137,728 | $0 | $25,910 | Yes (X) | ||
| CHRIS FRANK | |||||||
| JOURNEYMAN LINEMAN | 45.40 | $117,115 | $0 | $44,568 | Yes (X) | ||
| JEFFERY NEWBURN | |||||||
| LINE SUPERINTENDENT | 41.40 | $114,396 | $0 | $53,448 | Yes (X) | ||
| RON PYCH | |||||||
| JOURNEYMAN LINEMAN | 43.80 | $112,288 | $0 | $52,393 | Yes (X) | ||
| JESSE WEBB | |||||||
| JOURNEYMAN LINEMAN | 44.30 | $112,190 | $0 | $42,289 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $862,092 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $361,067 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 13 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| LINETEC SERVICES LLC | |||||
| 19820 NORTH 7TH AVENUE SUITE 120 | PHOENIX | AZ | 85027 | LINE CONTRACTOR | $1,292,356 |
| ELECTRICOM LLC | |||||
| PO BOX 319 | PAOLI | IN | 47454 | FIBER INSTALLATION CONTRACTOR | $782,505 |
| ALPHA ENGINEERING INC | |||||
| 7760 W NEW YORK STREET | INDIANAPOLIS | IN | 46214 | ENGINEERING COSULTANT | $734,112 |
| YATES ENGINEERING SERVICES | |||||
| 2536 W INDUSTRIAL PARK DR 1 | BLOOMINGTON | IN | 47404 | ENGINEERING COSULTANT | $536,424 |
| STATEWIDE TREE INC | |||||
| 1142 S 100 E | KNOX | IN | 46534 | TREE TRIMMING CONTRACTOR | $523,705 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 9 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ELECTRIC SALES | Desc |
| Business | 221000 | BusinessCd |
| Total Revenue Column | $40,180,452 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $40,180,452 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $40,180,452 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $96,931 | TotalRevenueColumnAmt |
| Exclusion | $96,931 | ExclusionAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $25,460 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | -$25,460 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$25,460 | TotalRevenueColumnAmt |
| Exclusion | -$25,460 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | ExclusionExclusionAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| PATRONAGE REVENUE | 900000 | $820,592 | $820,592 | |
| MISC. REVENUE-EXCLUDED-990 | 221000 | $197,535 | $197,535 | |
| NON-BUSINESS INCOME | 900000 | -$2,145 | -$2,145 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $1,015,982 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $41,267,905 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $40,180,452 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | -$2,145 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,089,598 | ExclusionAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,249,986 | TotalAmt |
| Program Services | $1,249,986 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,682,586 | TotalAmt |
| Program Services | $2,682,586 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt |
|---|---|---|
| PURCHASED POWER | $26,278,402 | $26,278,402 |
| OPERATIONS & MAINTENANC | $4,672,762 | $4,672,762 |
| GENERAL & ADMINISTRATIV | $2,975,251 | $2,975,251 |
| CONSUMER SERVICE | $1,249,850 | $1,249,850 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $261,071 | TotalAmt |
| Program Services | $261,071 | ProgramServicesAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $39,369,908 | TotalAmt |
| Program Services | $39,369,908 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,283,224 | BOYAmt |
| EOY | $3,739,331 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,534,660 | BOYAmt |
| EOY | $1,562,441 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,132,833 | BOYAmt |
| EOY | $3,337,156 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $813,267 | BOYAmt |
| EOY | $1,083,250 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $88,531 | BOYAmt |
| EOY | $124,151 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $102,119,599 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $33,449,649 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $59,024,281 | BOYAmt |
| EOY | $68,669,950 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,951,113 | BOYAmt |
| EOY | $13,481,624 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,122,801 | BOYAmt |
| EOY | $937,261 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $81,950,710 | BOYAmt |
| EOY | $92,935,164 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,573,826 | BOYAmt |
| EOY | $3,734,047 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $24,073,203 | BOYAmt |
| EOY | $33,206,165 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,263,437 | BOYAmt |
| EOY | $1,232,043 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $28,910,466 | BOYAmt |
| EOY | $38,172,255 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $644,205 | BOYAmt |
| EOY | $644,205 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $52,396,039 | BOYAmt |
| EOY | $54,118,704 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $53,040,244 | BOYAmt |
| EOY | $54,762,909 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $81,950,710 | BOYAmt |
| EOY | $92,935,164 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $1,897,997 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | -$175,332 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | 0 | FSAuditedInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Political Expenditures | $2,000 | PoliticalExpendituresAmt |
| Internal Funds Contributed | $2,000 | InternalFundsContributedAmt |
| Total Exempt Function Expend | $2,000 | TotalExemptFunctionExpendAmt |
| Form1120 POL Filed | Yes (1) | Form1120POLFiledInd |
Section527 Political Org Section527PoliticalOrgGrp
Organization Business Name OrganizationBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | INDIANA FORE | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 720 N HIGH SCHOOL ROAD | AddressLine1Txt |
| City | INDIANAPOLIS | CityNm |
| State Abbreviation | IN | StateAbbreviationCd |
| ZIP | 46214 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 351998087 | EIN |
| Paid Internal Funds | $2,000 | PaidInternalFundsAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I-A, LINE 1: | FormAndLineReferenceDesc |
| Explanation | MONETARY DONATIONS | ExplanationTxt |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $501,873 | InvestmentCostOrOtherBasisAmt |
| Book Value | $501,873 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $6,606,905 | InvestmentCostOrOtherBasisAmt |
| Depreciation | $2,075,565 | DepreciationAmt |
| Book Value | $4,531,340 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $95,010,821 | InvestmentCostOrOtherBasisAmt |
| Depreciation | $31,374,084 | DepreciationAmt |
| Book Value | $63,636,737 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $68,669,950 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (13 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| WVPA PATRONAGE ALLOCATIONS | $11,869,356 | C |
| CFC PATRONAGE ALLOCATIONS | $117,454 | C |
| INVEST IN CAP TERM CERT-CFC-NONG | $664,725 | C |
| OTHER INVEST IN ASSOC ORGAN-NONG | $113,209 | C |
| OTH INVEST-FARM BUREAU | $108 | C |
| OTH INVEST-UNITED UTILITY SUPPLY | $101,823 | C |
| OTH INVEST-FEDERATED R.E. INSUR | $232,996 | C |
| OTH INVEST-S.E.D.C. | $188,408 | C |
| NATIONAL RURAL TELECOMMUNICATION | $42,789 | C |
| INVESTMENT IN CRC | $23,651 | C |
| INVESTMENT IN CO-BANK | $120,596 | C |
| OTH INVEST-PIONEER UTILITY RESOURCE | -$763 | C |
| OTH INVEST - NISC | $7,272 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $13,481,624 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| CONSUMER DEPOSITS | $954,241 |
| DEFERRED CREDITS | $277,802 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $1,232,043 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE COMPANY BELEIVES THEY HAVE NOT TAKEN ANY UNCERTAIN TAX POSITIONS. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (6 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SCOTT SEARS | ||||||||||||||
| CEO | $186,175 | $0 | $0 | $0 | $0 | $0 | $118,293 | $0 | $24,166 | $0 | $328,634 | $0 | $0 | $0 |
| JEFFERY NEWBURN | ||||||||||||||
| LINE SUPERINTENDENT | $114,396 | $0 | $0 | $0 | $0 | $0 | $29,386 | $0 | $24,062 | $0 | $167,844 | $0 | $0 | $0 |
| RON PYCH | ||||||||||||||
| JOURNEYMAN LINEMAN | $112,288 | $0 | $0 | $0 | $0 | $0 | $31,434 | $0 | $20,959 | $0 | $164,681 | $0 | $0 | $0 |
| SCOTT HANSON | ||||||||||||||
| DIRECTOR OF OPERATIONS | $137,728 | $0 | $0 | $0 | $0 | $0 | $1,815 | $0 | $24,095 | $0 | $163,638 | $0 | $0 | $0 |
| CHRIS FRANK | ||||||||||||||
| JOURNEYMAN LINEMAN | $117,115 | $0 | $0 | $0 | $0 | $0 | $20,421 | $0 | $24,147 | $0 | $161,683 | $0 | $0 | $0 |
| JESSE WEBB | ||||||||||||||
| JOURNEYMAN LINEMAN | $112,190 | $0 | $0 | $0 | $0 | $0 | $18,235 | $0 | $24,054 | $0 | $154,479 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 3 | FormAndLineReferenceDesc |
| Explanation | THE CEO'S COMPENSATION IS BASED ON AN ANNUAL REVIEW BY THE BOARD OF DIRECTORS. THE BOARD TAKES INTO CONSIDERATION THE INFORMATION RECEIVED FROM A STATE AND NATIONAL COMPENSATION SURVEY. THEY COMBINE ALL THE ABOVE INFORMATION AND REVIEW THE GOALS SET FORTH FOR THE YEAR TO DETERMINE THE CEO'S COMPENSATION FOR THE YEAR. | ExplanationTxt |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (2 entries)
| Relationship DescriptionRelationshipDescriptionTxt | TransactionTransactionAmt | Sharing Of RevenuesSharingOfRevenuesInd |
|---|---|---|
| DAVID JANNEY | ||
| BOARD DIRECTOR | $26,278,402 | 0 |
| MICHAEL YANKAUSKAS | ||
| BOARD DIRECTOR | $359,806 | 0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART IV, LINE 1 | KANKAKEE VALLEY REMC HAS A COMMITMENT TO PURCHASE POWER FROM WABASH VALLEY POWER ASSOCIATION (WVPA), WHICH IS A TAXABLE COOPERATIVE ENTITY. MR. JANNEY SITS ON THE BOARD OF DIRECTORS OF WVPA. |
| PART IV, LINE 2 | KANKAKEE VALLEY REMC MAKES PAYMENTS TO INDIANA ELECTRIC COOPERATIVES (IEC) FOR DUES FEES, TRAINING, AND OTHER SERVICES. MR. YANKAUSKAS SITS ON THE BOARD OF DIRECTOS OF IEC. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (10 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | MEMBERS OF THE REMC CONSIST OF THOSE WHOM RECEIVE ELECTRICITY FROM THE REMC. THEY ARE CONSIDERED OWNERS OF THE REMC AND ARE ENTITLED TO A PORTION OF THE INCOME. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE MEMBERS ELECT THE BOARD OF DIRECTORS AT AN ANNUAL MEETING DEPENDING ON THE DISTRICT THEY LIVE IN. |
| FORM 990, PART VI, SECTION A, LINE 7B | CERTAIN DECISIONS TO BE MADE BY THE BOARD OF DIRECTORS MUST BE APPROVED BY THE MEMBERS. |
| FORM 990, PART VI, SECTION B, LINE 11B | COPIES OF THE 990 ARE REVIEWED BY THE BOARD BEFORE THEY ARE FILED. |
| FORM 990, PART VI, SECTION B, LINE 12C | OUR CONFLICT OF INTEREST POLICY PERTAINS TO THE DIRECTORS AND ALL EMPLOYEES. THE CEO ENFORCES THE POLICY FOR THE EMPLOYEES AND THE DIRECTORS ARE RESPONSIBLE FOR THE CEO AND THEMSELVES. DEPENDING ON THE EXTENT OF THE VIOLATION, THERE COULD BE DISCIPLINARY ACTION TAKEN OR TERMINATION OF EMPLOYMENT. A REVIEW OF EACH DIRECTOR'S FINANCIAL INTEREST IS COMPLETED ANNUALLY AS PART OF THE COMPLIANCE POLICIES ADOPTED BY THE BOARD. THE BYLAWS DIRECT THE MANNER IN WHICH THE DIRECTORS MAY BE REMOVED FROM OFFICE BY THE MEMBERS. IN ADDITION, DIRECTORS HAVE ADOPTED POLICIES WHICH EXPOSE THEMSELVES TO THE POSSIBILITY OF REMOVAL BY THE BOARD FOR VIOLATIONS OF CONFLICTS OF INTEREST RULES AND OTHER SPECIFIED OFFENSES AGAINST THE COOPERATIVE'S POLICIES OR CRIMINAL ACTS. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE CEO'S RAISE IS BASED ON A BOARD DECISION. OTHER KEY EMPLOYEES' RAISES ARE DETERMINED BY EXAMINING THE BUDGET AND THEN DETERMINING A RAISE PERCENTAGE. THE DEPARTMENT HEADS RECOMMEND THE RAISE AMOUNT, BUT IT IS SUBJECT TO CHANGE BY THE CEO. THE CEO DETERMINES THE SALARIES FOR THE TOP MANAGEMENT BASED ON GUIDELINES SET BY THE BOARD IN THE BUDGETING PROCESS. |
| FORM 990, PART VI, SECTION C, LINE 18 | THE TAX RETURNS ARE AVAILABLE UPON REQUEST AT THE REMC'S OFFICE. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST TO THE PUBLIC. IN ADDITION, THE GOVERNING DOCUMENTS ARE ALSO AVAILABLE ONLINE. FINANCIAL STATEMENTS ARE AVAILABLE AT THE ANNUAL MEETING. |
| FORM 990, PART XI, LINE 9: | CHANGE IN MEMBERSHIPS 3,205. PATRONAGE RETIREMENT -195,755. UNCLAIMED PROPERTY 17,218. |
| FORM 990, PART XII, LINE 2C | THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR IN REGARDS TO THE OVERSIGHT PROCESS OR SELECTION PROCESS. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KV SERVICES LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 157 | AddressLine1Txt |
| City | WANATAH | CityNm |
| State Abbreviation | IN | StateAbbreviationCd |
| ZIP | 46390 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 320004376 | EIN |
| Primary Activities | SERVICES | PrimaryActivitiesTxt |
| Legal Domicile State | IN | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KANKAKEE VALLEY REMC | BusinessNameLine1Txt |