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Nonprofiteer
← KANKAKEE VALLEY RURAL ELECTRIC MEMBERSHIP CORPORATION

Form 990 for tax year 2025

Filed by KANKAKEE VALLEY RURAL ELECTRIC MEMBERSHIP CORPORATION.

Totals

Total revenue
$48,630,284
Total expenses
$44,302,796
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$45,937,055
Investment income
$258,840
Other revenue
$2,434,389
Total assets, end of year
$121,573,567
Total liabilities, end of year
$60,648,062
Net assets or fund balances, end of year
$60,925,505
Program services expenses (Part IX)
$44,302,796
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$44,302,796

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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: ELECTRIC SALES

    total $45,937,055 · related or exempt $45,937,055

  • 3 · Investment income

    total $231,490 · excluded $231,490

  • 6a · Gross rents

    real property $101,396

  • 6b · Less rental expenses

    real property $27,370

  • 6c · Rental income or loss

    real property $74,026

  • 6d · Net rental income or loss

    total $74,026 · unrelated business $74,026

  • 7a · Gross sales of assets other than inventory

    other assets $239,740

  • 7b · Less cost or other basis and sales expenses

    other assets $212,390

  • 7c · Gain or loss

    other assets $27,350

  • 7d · Net gain or loss

    total $27,350 · excluded $27,350

  • 10b · Cost of goods sold

    $2,556

  • 10c · Net income from sales of inventory

    total -$2,556 · excluded -$2,556

  • 11a · Other revenue: PATRONAGE REVENUE

    total $1,691,931 · related or exempt $1,691,931

  • 11b · Other revenue: EQUITY IN EARNINGS OF SUBSIDIARY

    total $359,889 · related or exempt $359,889

  • 11c · Other revenue: MISC NONOPERATING INCOME

    total $311,099 · related or exempt $311,099

  • 11e · Other revenue, total

    $2,362,919

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $532,691 · program services $532,691

  • 7 · Other salaries and wages

    total $983,798 · program services $983,798

  • 12 · Advertising and promotion

    total $148,555 · program services $148,555

  • 13 · Office expenses

    total $214,596 · program services $214,596

  • 16 · Occupancy

    total $729,907 · program services $729,907

  • 20 · Interest

    total $2,238,329 · program services $2,238,329

  • 22 · Depreciation, depletion and amortization

    total $3,583,491 · program services $3,583,491

  • 24a · Other expenses: PURCHASED POWER

    total $26,931,346 · program services $26,931,346

  • 24b · Other expenses: OPERATIONS & MAINTENANC

    total $6,824,987 · program services $6,824,987

  • 24c · Other expenses: GENERAL & ADMINISTRATIV

    total $1,137,172 · program services $1,137,172

  • 24d · Other expenses: CONSUMER SERVICE

    total $958,322 · program services $958,322

  • 24e · All other expenses

    total $19,602 · program services $19,602

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,692,206 · end of year $2,686,775

  • 2 · Savings and temporary cash investments

    beginning of year $387,421 · end of year $118,164

  • 4 · Accounts receivable

    beginning of year $3,285,506 · end of year $2,096,499

  • 8 · Inventories for sale or use

    beginning of year $1,630,614 · end of year $1,585,396

  • 9 · Prepaid expenses and deferred charges

    beginning of year $98,571 · end of year $94,337

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

    $131,770,108

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

    $34,022,517

  • 10c · Land, buildings and equipment, net

    beginning of year $90,506,210 · end of year $97,747,591

  • 12 · Investments: other securities

    beginning of year $15,420,200 · end of year $16,477,227

  • 15 · Other assets

    beginning of year $861,332 · end of year $767,578

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,469,622 · end of year $4,178,932

  • 23 · Secured mortgages and notes payable

    beginning of year $50,978,393 · end of year $55,337,016

  • 25 · Other liabilities

    beginning of year $1,176,444 · end of year $1,132,114

  • 29 · Capital stock, trust principal or current funds

    beginning of year $644,205 · end of year $644,205

  • 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 $57,613,396 · end of year $60,281,300

Mission and programs · 2025

Mission

DISTRIBUTION OF ELECTRICITY TO RURAL CUSTOMERS.

Activities or mission (Part I)

KANKAKEE VALLEY REMC IS A RURAL ELECTRIC UTILITY SERVING MEMBERS IN PARTS OF SEVEN COUNTIES.

  • DISTRIBUTION OF ELECTRICITY TO RURAL CUSTOMERS.

    Expenses $44,302,796 · Revenue $48,299,974

As filed on the 2025 return.

Listed in Part VII

  • Christian Birky

    DIRECTOR

    Total calculated
    $14,500
    From this org
    $14,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.33

  • David Janney

    PRESIDENT

    Total calculated
    $16,500
    From this org
    $16,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.31

  • Dean Moretton

    DIRECTOR

    Total calculated
    $19,000
    From this org
    $19,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.66

  • Michael Yankauskas

    VICE-PRESIDENT

    Total calculated
    $19,500
    From this org
    $19,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    7.73

  • Russell Guse

    DIRECTOR

    Total calculated
    $16,000
    From this org
    $16,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.14

  • William Bohling

    SECRETARY

    Total calculated
    $14,500
    From this org
    $14,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.11

  • Katrina Harper

    DIRECTOR

    Total calculated
    $14,500
    From this org
    $14,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.13

  • Scott Sears

    CEO

    Total calculated
    $418,191
    From this org
    $250,066
    From related orgs
    $0
    Other
    $168,125
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $250,066
    Bonus
    $0
    Other
    $0
    Deferred
    $137,366
    Nontaxable benefits
    $30,759
    Filer's total
    $418,191

  • Scott Hanson

    DIRECTOR OF OPERATIONS

    Total calculated
    $203,029
    From this org
    $158,313
    From related orgs
    $0
    Other
    $44,716
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $158,313
    Bonus
    $0
    Other
    $0
    Deferred
    $18,526
    Nontaxable benefits
    $26,190
    Filer's total
    $203,029

  • Brittany Travis

    DIRECTOR OF ENGINEERING

    Total calculated
    $177,506
    From this org
    $158,498
    From related orgs
    $0
    Other
    $19,008
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $158,498
    Bonus
    $0
    Other
    $0
    Deferred
    $8,077
    Nontaxable benefits
    $10,931
    Filer's total
    $177,506

  • Jason Hughes

    JOURNEYMAN LINEMAN

    Total calculated
    $186,421
    From this org
    $141,093
    From related orgs
    $0
    Other
    $45,328
    Hours/week
    47.6

    Schedule J breakdown matched by us

    Base
    $141,093
    Bonus
    $0
    Other
    $0
    Deferred
    $14,717
    Nontaxable benefits
    $30,611
    Filer's total
    $186,421

  • Brandon Sutter

    IT SYSTEMS SUPERVISOR

    Total calculated
    $200,858
    From this org
    $158,337
    From related orgs
    $0
    Other
    $42,521
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $158,337
    Bonus
    $0
    Other
    $0
    Deferred
    $18,050
    Nontaxable benefits
    $24,471
    Filer's total
    $200,858

  • Andrew Norris

    JOURNEYMAN LINEMAN

    Total calculated
    $152,206
    From this org
    $131,926
    From related orgs
    $0
    Other
    $20,280
    Hours/week
    46.4

    Schedule J breakdown matched by us

    Base
    $131,926
    Bonus
    $0
    Other
    $0
    Deferred
    $4,115
    Nontaxable benefits
    $16,165
    Filer's total
    $152,206

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

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

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

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • KV SERVICES LLC

    SERVICES · IN

    Directly controlled by KANKAKEE VALLEY REMC

Provenance

Return type
form_990
Tax year
2025
Filed
24 June 2026
IRS schema version
2025v4.1
Source object
202641759349300709

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