2023-09-28T07:27:15-05:00 2022-12-31 363163136 LWG CPAS & ADVISORS 1776 N MERIDIAN ST STE 500 INDIANAPOLIS IN 46202 990 2022-01-01 350431792 KANKAKEE VALLEY RURAL ELECTRIC MEMBERSHIP CORPORATION KANK 2197332511 PO BOX 157 WANATAH IN 463900157 SCOTT SEARS CEO 2197332511 2023-09-12 1 SCOTT SEARS 999009999 0 BRIAN D CHERRY P01355823 3176344747 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z SCOTT A SEARS PO BOX 157 WANATAH IN 46390 41293365 0 X WWW.KVREMC.COM X 1939 IN KANKAKEE VALLEY REMC IS A RURAL ELECTRIC UTILITY SERVING MEMBERS IN PARTS OF SEVEN COUNTIES. 7 7 59 0 -2145 0 0 0 37443179 40180452 273069 71471 2524010 1015982 40240258 41267905 0 0 0 0 0 0 0 0 0 36819114 39369908 36819114 39369908 3421144 1897997 81950710 92935164 28910466 38172255 53040244 54762909 DISTRIBUTION OF ELECTRICITY TO RURAL CUSTOMERS. 0 0 39369908 40180452 DISTRIBUTION OF ELECTRICITY TO RURAL CUSTOMERS. 39369908 0 0 1 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 1 0 0 0 1 41 0 1 59 1 0 0 0 0 0 0 0 40180452 1087454 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 IN X ANGELA SWANSON 2197332511 PO BOX 157 WANATAH IN 463900157 WILLIAM BOHLING SECRETARY 4.08 X X 11100 0 0 CHRISTIAN BIRKY DIRECTOR 2.99 X 9900 0 0 DEAN MORETTON DIRECTOR 4.52 X 11400 0 0 DAVID JANNEY VICE PRESIDENT 6.46 X X 12900 0 0 RUSSELL GUSE DIRECTOR 1.53 X 9900 0 0 KATRINA HARPER DIRECTOR 5.06 X 13200 0 0 MICHAEL YANKAUSKAS PRESIDENT 8.06 X X 13800 0 0 SCOTT SEARS CEO 45.00 X 186175 0 142459 SCOTT HANSON DIRECTOR OF OPERATIONS 45.00 X 137728 0 25910 CHRIS FRANK JOURNEYMAN LINEMAN 45.40 X 117115 0 44568 JEFFERY NEWBURN LINE SUPERINTENDENT 41.40 X 114396 0 53448 RON PYCH JOURNEYMAN LINEMAN 43.80 X 112288 0 52393 JESSE WEBB JOURNEYMAN LINEMAN 44.30 X 112190 0 42289 862092 0 361067 13 0 1 0 LINETEC SERVICES LLC 19820 NORTH 7TH AVENUE SUITE 120 PHOENIX AZ 85027 LINE CONTRACTOR 1292356 ELECTRICOM LLC PO BOX 319 PAOLI IN 47454 FIBER INSTALLATION CONTRACTOR 782505 ALPHA ENGINEERING INC 7760 W NEW YORK STREET INDIANAPOLIS IN 46214 ENGINEERING COSULTANT 734112 YATES ENGINEERING SERVICES 2536 W INDUSTRIAL PARK DR 1 BLOOMINGTON IN 47404 ENGINEERING COSULTANT 536424 STATEWIDE TREE INC 1142 S 100 E KNOX IN 46534 TREE TRIMMING CONTRACTOR 523705 9 ELECTRIC SALES 221000 40180452 40180452 40180452 96931 96931 25460 -25460 -25460 -25460 PATRONAGE REVENUE 900000 820592 820592 MISC. REVENUE-EXCLUDED-990 221000 197535 197535 NON-BUSINESS INCOME 900000 -2145 -2145 1015982 41267905 40180452 -2145 1089598 1249986 1249986 2682586 2682586 PURCHASED POWER 26278402 26278402 OPERATIONS & MAINTENANC 4672762 4672762 GENERAL & ADMINISTRATIV 2975251 2975251 CONSUMER SERVICE 1249850 1249850 261071 261071 39369908 39369908 0 0 3283224 3739331 1534660 1562441 3132833 3337156 813267 1083250 88531 124151 102119599 33449649 59024281 68669950 12951113 13481624 1122801 937261 81950710 92935164 3573826 3734047 24073203 33206165 1263437 1232043 28910466 38172255 X 644205 644205 0 0 52396039 54118704 53040244 54762909 81950710 92935164 X 1897997 -175332 X 0 0 0 2000 2000 2000 1 INDIANA FORE 720 N HIGH SCHOOL ROAD INDIANAPOLIS IN 46214 351998087 2000 PART I-A, LINE 1: MONETARY DONATIONS 501873 501873 6606905 2075565 4531340 95010821 31374084 63636737 68669950 WVPA PATRONAGE ALLOCATIONS 11869356 C CFC PATRONAGE ALLOCATIONS 117454 C INVEST IN CAP TERM CERT-CFC-NONG 664725 C OTHER INVEST IN ASSOC ORGAN-NONG 113209 C OTH INVEST-FARM BUREAU 108 C OTH INVEST-UNITED UTILITY SUPPLY 101823 C OTH INVEST-FEDERATED R.E. INSUR 232996 C OTH INVEST-S.E.D.C. 188408 C NATIONAL RURAL TELECOMMUNICATION 42789 C INVESTMENT IN CRC 23651 C INVESTMENT IN CO-BANK 120596 C OTH INVEST-PIONEER UTILITY RESOURCE -763 C OTH INVEST - NISC 7272 C 13481624 CONSUMER DEPOSITS 954241 DEFERRED CREDITS 277802 1232043 X PART X, LINE 2: THE COMPANY BELEIVES THEY HAVE NOT TAKEN ANY UNCERTAIN TAX POSITIONS. X X 0 1 0 SCOTT SEARS CEO 186175 0 0 0 0 0 118293 0 24166 0 328634 0 0 0 JEFFERY NEWBURN LINE SUPERINTENDENT 114396 0 0 0 0 0 29386 0 24062 0 167844 0 0 0 RON PYCH JOURNEYMAN LINEMAN 112288 0 0 0 0 0 31434 0 20959 0 164681 0 0 0 SCOTT HANSON DIRECTOR OF OPERATIONS 137728 0 0 0 0 0 1815 0 24095 0 163638 0 0 0 CHRIS FRANK JOURNEYMAN LINEMAN 117115 0 0 0 0 0 20421 0 24147 0 161683 0 0 0 JESSE WEBB JOURNEYMAN LINEMAN 112190 0 0 0 0 0 18235 0 24054 0 154479 0 0 0 PART I, LINE 3 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. DAVID JANNEY BOARD DIRECTOR 26278402 0 MICHAEL YANKAUSKAS BOARD DIRECTOR 359806 0 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. 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. KV SERVICES LLC PO BOX 157 WANATAH IN 46390 320004376 SERVICES IN KANKAKEE VALLEY REMC