2026-06-24T08:22:16-05:00 2025-12-31 363163136 LWG CPAS & ADVISORS 101 WEST OHIO ST STE 1401 INDIANAPOLIS IN 46204 990 2025-01-01 350431792 KANKAKEE VALLEY RURAL ELECTRIC MEMBERSHIP CORPORATION KANK 2197332511 PO BOX 157 WANATAH IN 463900157 SCOTT A SEARS CEO 2197332511 2026-06-24 1 BRIAN D CHERRY P01355823 3176344747 2025 2025-03-06 01:10:19Z SCOTT A SEARS PO BOX 157 WANATAH IN 46390 48872600 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 57 0 74026 73027 0 0 44479957 45937055 242647 258840 2320340 2434389 47042944 48630284 0 0 0 0 1362878 1516489 0 0 0 42092298 42786307 43455176 44302796 3587768 4327488 114882060 121573567 56624459 60648062 58257601 60925505 DISTRIBUTION OF ELECTRICITY TO RURAL CUSTOMERS. 0 0 44302796 0 48299974 DISTRIBUTION OF ELECTRICITY TO RURAL CUSTOMERS. 44302796 0 0 1 0 0 0 0 0 0 1 1 0 0 1 0 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 45 0 57 1 1 1 0 0 0 0 0 0 45937055 2489088 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 CHRISTIAN BIRKY DIRECTOR 3.33 X 14500 0 0 DAVID JANNEY PRESIDENT 6.31 X X 16500 0 0 DEAN MORETTON DIRECTOR 4.66 X 19000 0 0 MICHAEL YANKAUSKAS VICE-PRESIDENT 7.73 X X 19500 0 0 RUSSELL GUSE DIRECTOR 1.14 X 16000 0 0 WILLIAM BOHLING SECRETARY 5.11 X X 14500 0 0 KATRINA HARPER DIRECTOR 3.13 X 14500 0 0 SCOTT SEARS CEO 40.00 X 250066 0 168125 SCOTT HANSON DIRECTOR OF OPERATIONS 40.00 X 158313 0 44716 BRITTANY TRAVIS DIRECTOR OF ENGINEERING 40.00 X 158498 0 19008 JASON HUGHES JOURNEYMAN LINEMAN 47.60 X 141093 0 45328 BRANDON SUTTER IT SYSTEMS SUPERVISOR 45.00 X 158337 0 42521 ANDREW NORRIS JOURNEYMAN LINEMAN 46.40 X 131926 0 20280 1112733 0 339978 24 0 1 0 LINETEC SERVICES LLC 19820 NORTH 7TH AVENUE SUITE 120 PHOENIX AZ 85027 LINE CONTRACTORS 3032641 CSU INC 3919 CLARKS CREEK RD PLAINFIELD IN 46168 FIBER INSTALLATION 1456498 STATEWIDE TREE 1142 S 1000 E KNOX IN 46534 TREE TRIMMING 520835 MINT CITY UTILITY SERVICES LLC PO BOX 210 BREMEN IN 46506 TREE TRIMMING 505107 SPAULDING'S TREE SERVICE INC 204 SPECTACLE DR VALPARAISO IN 46383 TREE TRIMMING 445399 8 ELECTRIC SALES 221000 45937055 45937055 45937055 231490 231490 101396 27370 74026 74026 74026 239740 212390 27350 27350 27350 2556 -2556 -2556 PATRONAGE REVENUE 900000 1691931 1691931 EQUITY IN EARNINGS OF SUBSIDIARY 900001 359889 359889 MISC NONOPERATING INCOME 221000 311099 311099 2362919 48630284 48299974 74026 256284 532691 532691 983798 983798 148555 148555 214596 214596 729907 729907 2238329 2238329 3583491 3583491 PURCHASED POWER 26931346 26931346 OPERATIONS & MAINTENANC 6824987 6824987 GENERAL & ADMINISTRATIV 1137172 1137172 CONSUMER SERVICE 958322 958322 19602 19602 44302796 44302796 0 0 2692206 2686775 387421 118164 3285506 2096499 1630614 1585396 98571 94337 131770108 34022517 90506210 97747591 15420200 16477227 861332 767578 114882060 121573567 4469622 4178932 50978393 55337016 1176444 1132114 56624459 60648062 X 644205 644205 0 0 57613396 60281300 58257601 60925505 114882060 121573567 X 4327488 -1659584 X 0 0 0 2000 1 IEC STATE PAC 11805 N PENNSYLVANIA ST CARMEL IN 46032 351499808 2000 PART I-A, LINE 1: MONETARY DONATIONS 567237 567237 7209336 2493337 4715999 123993535 31529180 92464355 97747591 WVPA PATRONAGE ALLOCATIONS 14565379 C CFC PATRONAGE ALLOCATIONS 144541 C INVEST IN CAP TERM CERT-CFC-NONG 646825 C OTHER INVEST IN ASSOC ORGAN-NONG 106207 C OTH INVEST-FARM BUREAU 108 C OTH INVEST-UNITED UTILITY SUPPLY 311050 C OTH INVEST-FEDERATED R.E. INSUR 260706 C OTH INVEST-S.E.D.C. 178023 C NATIONAL RURAL TELECOMMUNICATION 41351 C INVESTMENT IN CRC 25763 C INVESTMENT IN CO-BANK 168802 C OTH INVEST - NISC 28472 C 16477227 CONSUMER DEPOSITS 1119271 DEFERRED CREDITS 12843 1132114 X X 0 1 0 SCOTT SEARS CEO 250066 0 0 0 0 0 137366 0 30759 0 418191 0 0 0 SCOTT HANSON DIRECTOR OF OPERATIONS 158313 0 0 0 0 0 18526 0 26190 0 203029 0 0 0 BRANDON SUTTER IT SYSTEMS SUPERVISOR 158337 0 0 0 0 0 18050 0 24471 0 200858 0 0 0 JASON HUGHES JOURNEYMAN LINEMAN 141093 0 0 0 0 0 14717 0 30611 0 186421 0 0 0 BRITTANY TRAVIS DIRECTOR OF ENGINEERING 158498 0 0 0 0 0 8077 0 10931 0 177506 0 0 0 ANDREW NORRIS JOURNEYMAN LINEMAN 131926 0 0 0 0 0 4115 0 16165 0 152206 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. PART I, LINE 4B SCOTT SEARS: DEFERRED COMPENSATION $16,295.40 DAVID JANNEY BOARD DIRECTOR 26931346 SEE BELOW 0 MICHAEL YANKAUSKAS BOARD DIRECTOR 395568 SEE BELOW 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 DIRECTORS 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 2,170. PATRONAGE RETIREMENT -1,755,253. UNCLAIMED PROPERTY 93,499. KV SERVICES LLC PO BOX 157 WANATAH IN 46390 320004376 SERVICES IN KANKAKEE VALLEY REMC