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Nonprofiteer
← KEM ELECTRIC COOPERATIVE INC

Form 990 for tax year 2025

Filed by KEM ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$15,354,009
Total expenses
$15,354,009
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$14,675,638
Investment income
$30,518
Other revenue
$647,853
Total assets, end of year
$51,770,788
Total liabilities, end of year
$32,799,560
Net assets or fund balances, end of year
$18,971,228
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: SALE OF POWER

    total $14,675,638 · related or exempt $14,675,638

  • 3 · Investment income

    total $30,518 · excluded $30,518

  • 10a · Gross sales of inventory

    $26,875

  • 10b · Cost of goods sold

    $26,723

  • 10c · Net income from sales of inventory

    total $152 · related or exempt $152

  • 11a · Other revenue: CAPITAL CREDITS

    total $464,630 · related or exempt $464,630

  • 11b · Other revenue: K-1 WDUS HOLDINGS

    total $115,105 · related or exempt $7,903 · unrelated business $92,795 · excluded $14,407

  • 11c · Other revenue: MISCELLANEOUS INCOME

    total $67,966 · related or exempt $67,966

  • 11e · Other revenue, total

    $647,701

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $1,320,469

  • 5 · Compensation of officers, directors and key employees

    total $255,631

  • 8 · Pension plan contributions

    total $256,081

  • 11a · Fees: management

    total $218,777

  • 20 · Interest

    total $1,156,409

  • 22 · Depreciation, depletion and amortization

    total $1,443,313

  • 24a · Other expenses: COST OF POWER

    total $7,284,185

  • 24b · Other expenses: DISTRIBUTION/TRANSMISSI

    total $2,243,030

  • 24c · Other expenses: ADMINISTRATIVE & GENERA

    total $750,849

  • 24d · Other expenses: CONSUMER SERVICES AND S

    total $409,871

  • 24e · All other expenses

    total $15,394

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,262,284 · end of year $1,202,776

  • 2 · Savings and temporary cash investments

    beginning of year $625,000 · end of year $400,000

  • 4 · Accounts receivable

    beginning of year $1,377,017 · end of year $613,872

  • 8 · Inventories for sale or use

    beginning of year $2,889,887 · end of year $2,313,508

  • 9 · Prepaid expenses and deferred charges

    beginning of year $72,275 · end of year $65,283

  • 10a · Land, buildings and equipment: cost or other basis

    $66,367,325

  • 10b · Land, buildings and equipment: accumulated depreciation

    $26,726,347

  • 10c · Land, buildings and equipment, net

    beginning of year $37,129,515 · end of year $39,640,978

  • 12 · Investments: other securities

    beginning of year $7,125,856 · end of year $7,532,162

  • 15 · Other assets

    beginning of year $9,732 · end of year $2,209

  • 17 · Accounts payable and accrued expenses

    beginning of year $992,448 · end of year $1,064,662

  • 23 · Secured mortgages and notes payable

    beginning of year $30,835,698 · end of year $31,193,383

  • 25 · Other liabilities

    beginning of year $719,245 · end of year $541,515

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $17,944,175 · end of year $18,971,228

Mission and programs · 2025

Mission

THE PURPOSE OF KEM ELECTRIC IS TO MAKE ITS MEMBERS MORE PRODUCTIVE AND INCREASE THEIR QUALITY OF LIFE. THIS WILL BE ACCOMPLISHED BY: PROVIDING SAFE, RELIABLE, QUALITY ELECTRIC SERVICE; PROVIDING OTHER SERVICES THAT WILL BENEFIT THE MEMBERSHIP.

Activities or mission (Part I)

KEM ELECTRIC COOPERATIVE, INC., IS A DISTRIBUTION COOPERATIVE THAT PROVIDES ELECTRICAL ENERGY TO CONSUMERS IN THE RURAL AREAS OF FOUR SOUTH CENTRAL COUNTIES IN NORTH DAKOTA.

  • RURAL ELECTRIC POWER COOP SUPPLYING POWER TO RURAL MEMBERS

As filed on the 2025 return.

Listed in Part VII

  • Victor Wald

    CHAIRMAN

    Total calculated
    $15,000
    From this org
    $15,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.31

  • John Beck

    VICE CHAIRMAN

    Total calculated
    $13,200
    From this org
    $13,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Carter Vanderwal

    SECRETARY/TREASURER

    Total calculated
    $16,200
    From this org
    $16,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.12

  • Dean Dewald

    DIRECTOR

    Total calculated
    $12,000
    From this org
    $12,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.37

  • Carmen Essig

    DIRECTOR

    Total calculated
    $22,800
    From this org
    $22,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    7.63

  • Neil Meidinger

    DIRECTOR

    Total calculated
    $9,600
    From this org
    $9,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.5

  • Todd Schnabel

    DIRECTOR

    Total calculated
    $9,800
    From this org
    $9,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.85

  • Dale Nagel

    CHIEF OF STAFF

    Total calculated
    $229,427
    From this org
    $157,031
    From related orgs
    $0
    Other
    $72,396
    Hours/week
    40.34

    Schedule J breakdown matched by us

    Base
    $156,499
    Bonus
    $110
    Other
    $422
    Deferred
    $42,468
    Nontaxable benefits
    $29,928
    Filer's total
    $229,427

  • Kevin Horner

    AREA FOREMAN

    Total calculated
    $195,718
    From this org
    $139,294
    From related orgs
    $0
    Other
    $56,424
    Hours/week
    44.03

    Schedule J breakdown matched by us

    Base
    $138,955
    Bonus
    $0
    Other
    $339
    Deferred
    $28,284
    Nontaxable benefits
    $28,140
    Filer's total
    $195,718

  • Martin Messer

    AREA FOREMAN

    Total calculated
    $187,936
    From this org
    $134,121
    From related orgs
    $0
    Other
    $53,815
    Hours/week
    43.15

    Schedule J breakdown matched by us

    Base
    $133,504
    Bonus
    $0
    Other
    $617
    Deferred
    $25,675
    Nontaxable benefits
    $28,140
    Filer's total
    $187,936

  • Tyler Schummer

    JOURNEYMAN LINEMAN

    Total calculated
    $174,720
    From this org
    $128,614
    From related orgs
    $0
    Other
    $46,106
    Hours/week
    43.56

    Schedule J breakdown matched by us

    Base
    $128,031
    Bonus
    $0
    Other
    $583
    Deferred
    $17,465
    Nontaxable benefits
    $28,641
    Filer's total
    $174,720

  • Gerald Zink

    JOURNEYMAN LINEMAN

    Total calculated
    $188,293
    From this org
    $127,187
    From related orgs
    $0
    Other
    $61,106
    Hours/week
    43.53

    Schedule J breakdown matched by us

    Base
    $126,839
    Bonus
    $0
    Other
    $348
    Deferred
    $31,499
    Nontaxable benefits
    $29,607
    Filer's total
    $188,293

  • Tyler Jacob

    JOURNEYMAN LINEMAN

    Total calculated
    $170,146
    From this org
    $126,171
    From related orgs
    $0
    Other
    $43,975
    Hours/week
    43.91

    Schedule J breakdown matched by us

    Base
    $125,776
    Bonus
    $0
    Other
    $395
    Deferred
    $15,953
    Nontaxable benefits
    $28,022
    Filer's total
    $170,146

  • Jason Bentz Iea

    CO-MANAGER

    Total calculated
    $0
    Hours/week
    0 + 40 related

  • Travis Kupper Iea

    CO-MANAGER

    Total calculated
    $0
    Hours/week
    0 + 40 related

  • Alex Craigmile Iea

    CFO

    Total calculated
    $0
    Hours/week
    0 + 40 related

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.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2025
Filed
10 July 2026
IRS schema version
2025v4.2
Source object
202612119349300911

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