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Kankakee Valley Rural Electric Membership Corporation

Organization summary

Type of Nonprofit

Designated as a Benevolent life insurance associations, irrigation companies, telephone companies, etc., which have a mutually beneficial nature.

Donations to this organization are not tax deductible.

Details

According to its Dec. 2023 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$43.5M (2023)

Expenses
$40.8M (2023)

Total Assets
$104M (2023)

Total Liabilities
$48.1M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$43,530,628
Expenses
$40,803,340
Net Income
$2,727,288
Net Assets
$55,740,991
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $42,174,726
96.9%
Investment Income $270,526
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $8,021
0.0%
Net Fundraising $0
Sales of Assets $16,561
0.0%
Net Inventory Sales $0
Other Revenue $1,060,794
2.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $103,833,079
Total Liabilities $48,092,088
Net Assets $55,740,991
Club or Co-Op Income
Income From Members $41,674,726
Income From Other Sources $1,909,932
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Scott Sears (Ceo) $205,888 $0 $133,907
Scott Hanson (Director Of Operations) $150,891 $0 $39,209
Brittany Travis (Director Of Engineering) $141,338 $0 $6,721
Jason Hughes (Journeyman Lineman) $125,508 $0 $35,718
Jesse Webb (Line Superintendent) $122,158 $0 $34,541
Scott Sikora (Journeyman Lineman) $119,519 $0 $47,169
Dean Moretton (Director) $15,300 $0 $0
Michael Yankauskas (President) $14,700 $0 $0
David Janney (Vice President) $12,000 $0 $0
Katrina Harper (Director) $12,000 $0 $0
William Bohling (Secretary) $11,400 $0 $0
Christian Birky (Director) $10,500 $0 $0
Russell Guse (Director) $10,500 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$41,267,905
Expenses
$39,369,908
Net Income
$1,897,997
Net Assets
$54,762,909
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $40,180,452
97.4%
Investment Income $96,931
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$25,460
Net Inventory Sales $0
Other Revenue $1,015,982
2.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $92,935,164
Total Liabilities $38,172,255
Net Assets $54,762,909
Club or Co-Op Income
Income From Members $40,180,452
Income From Other Sources $1,087,454
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Scott Sears (Ceo) $186,175 $0 $142,459
Scott Hanson (Director Of Operations) $137,728 $0 $25,910
Chris Frank (Journeyman Lineman) $117,115 $0 $44,568
Jeffery Newburn (Line Superintendent) $114,396 $0 $53,448
Ron Pych (Journeyman Lineman) $112,288 $0 $52,393
Jesse Webb (Journeyman Lineman) $112,190 $0 $42,289
Michael Yankauskas (President) $13,800 $0 $0
Katrina Harper (Director) $13,200 $0 $0
David Janney (Vice President) $12,900 $0 $0
Dean Moretton (Director) $11,400 $0 $0
William Bohling (Secretary) $11,100 $0 $0
Christian Birky (Director) $9,900 $0 $0
Russell Guse (Director) $9,900 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$40,240,258
Expenses
$36,819,114
Net Income
$3,421,144
Net Assets
$53,040,244
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $37,443,179
93.0%
Investment Income $273,069
0.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,524,010
6.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $81,950,710
Total Liabilities $28,910,466
Net Assets $53,040,244
Club or Co-Op Income
Income From Members $37,443,179
Income From Other Sources $2,860,284
Compensation
Key Employees and Officers Compensation Related Other
Scott Sears (Ceo) $179,403 $0 $137,471
Josh Pepple (Director Of Operations) $127,244 $0 $20,058
Chris Frank (Journeyman Lineman) $115,080 $0 $43,072
Scott Sikora (Journeyman Lineman) $113,733 $0 $44,838
Jesse Webb (Journeyman Lineman) $112,276 $0 $40,777
Ron Pych (Journeyman Lineman) $111,720 $0 $49,792
Jeffery Newburn (Line Superintendent) $107,943 $0 $53,254
Michael Yankauskas (Board President) $12,900 $0 $0
Russell Guse (Director) $12,900 $0 $0
David Janney (Board Vice President) $11,700 $0 $0
Christian Birky (Director) $11,100 $0 $0
Dean Moretton (Director) $8,600 $0 $0
Otto Werner (Director) $7,600 $0 $0
Susan Bachert (Board Secretary) $6,700 $0 $0
William Bohling (Board Secretary) $3,800 $0 $0
Katrina Harper (Director) $3,200 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$39,130,098
Expenses
$35,840,749
Net Income
$3,289,349
Net Assets
$50,858,857
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $36,764,224
94.0%
Investment Income $402,492
1.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $8,500
0.0%
Net Inventory Sales $0
Other Revenue $1,954,882
5.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $74,486,415
Total Liabilities $23,627,558
Net Assets $50,858,857
Club or Co-Op Income
Income From Members $36,764,224
Income From Other Sources $2,365,874
Compensation
Key Employees and Officers Compensation Related Other
Scott Sears (Ceo) $168,523 $0 $110,337
Josh Pepple (Director Of Operations) $129,156 $0 $53,203
Jeffery Newburn (Line Superintendent) $104,054 $0 $46,614
Jesse Webb (Journeyman Lineman) $100,325 $0 $36,475
Chris Frank (Journeyman Lineman) $100,084 $0 $38,449
David Janney (Director) $14,300 $0 $0
Dean Moretton (Director) $13,200 $0 $0
Otto Werner (Board President) $13,200 $0 $0
Michael Yankauskas (Board Vice President) $11,700 $0 $0
Christian Birky (Director) $11,100 $0 $0
Susan Bachert (Board Secretary) $10,800 $0 $0
Andy Blastick (Director) $8,200 $0 $0
Russell Guse (Director) $3,500 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$38,355,621
Expenses
$34,738,051
Net Income
$3,617,570
Net Assets
$47,837,983
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $36,506,510
95.2%
Investment Income $446,818
1.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $38,306
0.1%
Net Inventory Sales $0
Other Revenue $1,363,987
3.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $268,186
0.8%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $70,090,165
Total Liabilities $22,252,182
Net Assets $47,837,983
Club or Co-Op Income
Income From Members $36,506,510
Income From Other Sources $1,849,111
Compensation
Key Employees and Officers Compensation Related Other
Scott Sears (Ceo) $159,568 $0 $66,442
Jeffery Newburn (Line Superintendent) $106,956 $0 $39,993
Michael Yankauskas (Board Vice President) $16,200 $0 $0
Otto Werner (Board President) $14,079 $0 $0
David Janney (Director) $13,600 $0 $0
Christian Birky (Director) $13,500 $0 $0
Susan Bachert (Board Secretary) $12,900 $0 $0
Andy Blastick (Director) $12,900 $0 $0
Dean Moretton (Director) $5,800 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$11,329,642
Expenses
$12,336,370
Net Income
-$1,006,728
Net Assets
$44,390,787
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,320
0.0%
Program Services $10,911,218
96.3%
Investment Income $415,104
3.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $591,357
4.8%
Professional Fundraising Fees $0
Other Salaries and Wages $2,749,155
22.3%
Assets/Debt
Total Assets $65,785,085
Total Liabilities $21,394,298
Net Assets $44,390,787
Club or Co-Op Income
Income From Members $37,344,952
Income From Other Sources $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$14,375,022
Expenses
$13,076,762
Net Income
$1,298,260
Net Assets
$45,397,515
Notable Sources of Revenue Percent of Total Revenue
Contributions $6,110
0.0%
Program Services $13,941,425
97.0%
Investment Income $427,487
3.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $631,578
4.8%
Professional Fundraising Fees $0
Other Salaries and Wages $2,535,726
19.4%
Assets/Debt
Total Assets $68,156,479
Total Liabilities $22,758,964
Net Assets $45,397,515
Club or Co-Op Income
Income From Members $35,236,893
Income From Other Sources $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$15,297,977
Expenses
$12,603,927
Net Income
$2,694,050
Net Assets
$44,099,255
Notable Sources of Revenue Percent of Total Revenue
Contributions $4,935
0.0%
Program Services $14,945,236
97.7%
Investment Income $347,806
2.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $522,062
4.1%
Professional Fundraising Fees $0
Other Salaries and Wages $2,189,253
17.4%
Assets/Debt
Total Assets $66,794,359
Total Liabilities $22,695,104
Net Assets $44,099,255
Club or Co-Op Income
Income From Members $36,372,570
Income From Other Sources $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$12,577,639
Expenses
$11,389,021
Net Income
$1,188,618
Net Assets
$41,405,205
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,620
0.0%
Program Services $12,246,398
97.4%
Investment Income $327,621
2.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $447,535
3.9%
Professional Fundraising Fees $0
Other Salaries and Wages $1,614,319
14.2%
Assets/Debt
Total Assets $64,937,904
Total Liabilities $23,532,699
Net Assets $41,405,205
Club or Co-Op Income
Income From Members $34,890,781
Income From Other Sources $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$14,453,654
Expenses
$11,203,664
Net Income
$3,249,990
Net Assets
$40,216,587
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,560
0.0%
Program Services $12,979,478
89.8%
Investment Income $697,491
4.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $774,125
5.4%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $383,781
3.4%
Professional Fundraising Fees $0
Other Salaries and Wages $1,762,382
15.7%
Assets/Debt
Total Assets $65,175,494
Total Liabilities $24,958,907
Net Assets $40,216,587
Club or Co-Op Income
Income From Members $36,266,209
Income From Other Sources $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$12,977,058
Expenses
$10,368,893
Net Income
$2,608,165
Net Assets
$36,966,597
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,850
0.0%
Program Services $12,664,844
97.6%
Investment Income $309,364
2.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $262,911
2.5%
Professional Fundraising Fees $0
Other Salaries and Wages $1,935,934
18.7%
Assets/Debt
Total Assets $63,601,041
Total Liabilities $26,634,444
Net Assets $36,966,597
Club or Co-Op Income
Income From Members $35,634,351
Income From Other Sources $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$12,223,375
Expenses
$10,367,945
Net Income
$1,855,430
Net Assets
$34,290,852
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,525
0.0%
Program Services $12,059,170
98.7%
Investment Income $162,680
1.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $248,077
2.4%
Professional Fundraising Fees $0
Other Salaries and Wages $2,061,911
19.9%
Assets/Debt
Total Assets $62,135,682
Total Liabilities $27,844,830
Net Assets $34,290,852
Club or Co-Op Income
Income From Members $34,466,922
Income From Other Sources $0

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$11,391,616
Expenses
$10,292,569
Net Income
$1,099,047
Net Assets
$32,259,385
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,590
0.0%
Program Services $11,353,155
99.7%
Investment Income $35,871
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $237,408
2.3%
Professional Fundraising Fees $0
Other Salaries and Wages $2,081,491
20.2%
Assets/Debt
Total Assets $61,208,811
Total Liabilities $28,949,426
Net Assets $32,259,385
Club or Co-Op Income
Income From Members $32,869,571
Income From Other Sources $0

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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