2026-07-30T08:58:31-05:00 2025-12-31 992923038 BRADY MARTZ PLLC PO BOX 1297 BISMARCK ND 585021297 990 2025-01-01 450218423 KEM ELECTRIC COOPERATIVE INC KEME 7012544666 PO BOX 790 LINTON ND 58552 ALEX CRAIGMILE CFO 7012544666 2026-07-10 1 LANCE RAMBOUSEK P01212867 7012231717 2026-07-10 2025 2025-03-06 01:10:19Z ALEX CRAIGMILE PO BOX 790 LINTON ND 58552 15380732 0 X KEMELECTRIC.COM X 1944 ND 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. 7 7 14 0 92795 86143 0 0 14716489 14675638 52864 30518 552129 647853 15321482 15354009 0 0 1547139 1320469 348128 511712 0 0 0 13426215 13521828 15321482 15354009 0 0 50491566 51770788 32547391 32799560 17944175 18971228 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. 0 0 RURAL ELECTRIC POWER COOP SUPPLYING POWER TO RURAL MEMBERS 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 1 86 0 1 14 1 1 1 0 0 0 0 0 0 14675638 706642 0 0 0 X 7 7 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X ALEX CRAIGMILE 7012544666 107 S BROADWAY LINTON ND 58552 X VICTOR WALD CHAIRMAN 5.31 X X 15000 0 0 JOHN BECK VICE CHAIRMAN 8.00 X X 13200 0 0 CARTER VANDERWAL SECRETARY/TREASURER 6.12 X X 16200 0 0 DEAN DEWALD DIRECTOR 4.37 X 12000 0 0 CARMEN ESSIG DIRECTOR 7.63 X 22800 0 0 NEIL MEIDINGER DIRECTOR 4.50 X 9600 0 0 TODD SCHNABEL DIRECTOR 2.85 X 9800 0 0 DALE NAGEL CHIEF OF STAFF 40.34 X 157031 0 72396 KEVIN HORNER AREA FOREMAN 44.03 X 139294 0 56424 MARTIN MESSER AREA FOREMAN 43.15 X 134121 0 53815 TYLER SCHUMMER JOURNEYMAN LINEMAN 43.56 X 128614 0 46106 GERALD ZINK JOURNEYMAN LINEMAN 43.53 X 127187 0 61106 TYLER JACOB JOURNEYMAN LINEMAN 43.91 X 126171 0 43975 JASON BENTZ IEA CO-MANAGER 0.00 40.00 X 0 0 0 TRAVIS KUPPER IEA CO-MANAGER 0.00 40.00 X 0 0 0 ALEX CRAIGMILE IEA CFO 0.00 40.00 X 0 0 0 911018 0 333822 10 0 1 0 INNOVATIVE ENERGY ALLIANCE COOPERATIVE PO BOX 338 NEW ENGLAND ND 58647 MANAGEMENT AND OFFICE SERVICES 1135780 K & H ELECTRIC 4601 CENTURION DR BISMARCK ND 58504 ELECTRICIAN 423410 3C CONSTRUCTION LLC 4001 30TH AVE NW MANDAN ND 58554 LINE MAINTENANCE SERVICES 376357 MAINTENANCE SOLUTIONS COOPERATIVE PO BOX 1038 DICKINSON ND 58602 LINE MAINTENANCE SERVICES 260922 4 SALE OF POWER 221000 14675638 14675638 14675638 30518 30518 26875 26723 152 152 CAPITAL CREDITS 900099 464630 464630 K-1 WDUS HOLDINGS 230000 115105 7903 92795 14407 MISCELLANEOUS INCOME 900099 67966 67966 647701 15354009 15216289 92795 44925 1320469 255631 256081 218777 1156409 1443313 COST OF POWER 7284185 DISTRIBUTION/TRANSMISSI 2243030 ADMINISTRATIVE & GENERA 750849 CONSUMER SERVICES AND S 409871 15394 15354009 1262284 1202776 625000 400000 1377017 613872 2889887 2313508 72275 65283 66367325 26726347 37129515 39640978 7125856 7532162 9732 2209 50491566 51770788 992448 1064662 30835698 31193383 719245 541515 32547391 32799560 X 0 0 0 0 17944175 18971228 17944175 18971228 50491566 51770788 X 0 1027053 X X 0 1 X 1 0 801398 801398 1067764 916593 151171 56651816 25809754 30842062 7846347 7846347 39640978 PATRONAGE CAPITAL CREDITS 4875207 C VARIOUS 10130 C TERM CERTIFICATES - NATIONAL RURAL 111896 C MEMBERSHIP 1595 C WDUS HOLDINGS INVESTMENT 2533334 C 7532162 PREPAYMENTS 141515 RUS APPROVED DEFERRALS 400000 541515 X 15354009 0 15354009 0 15354009 14033540 0 14033540 1320469 1320469 15354009 PART X, LINE 2: THE COOPERATIVE IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE. THE COOPERATIVE'S POLICY IS TO EVALUATE THE LIKELIHOOD THAT ITS UNCERTAIN TAX POSITIONS WILL PREVAIL UPON EXAMINATION BASED ON THE EXTENT TO WHICH THOSE POSITIONS HAVE SUBSTANTIAL SUPPORT WITHIN THE INTERNAL REVENUE CODE AND REGULATIONS, REVENUE RULINGS, COURT DECISIONS, AND OTHER EVIDENCE. IT IS THE OPINION OF MANAGEMENT THAT THE COOPERATIVE HAS NO SIGNIFICANT UNCERTAIN TAX POSITIONS THAT WOULD BE SUBJECT TO CHANGE UPON EXAMINATION. THE FEDERAL INCOME TAX RETURNS OF THE COOPERATIVE ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. PART XII, LINE 4B - OTHER ADJUSTMENTS: ALLOCATED CAPITAL CREDITS 1,320,469. 0 0 0 DALE NAGEL CHIEF OF STAFF 156499 0 110 0 422 0 42468 0 29928 0 229427 0 0 0 KEVIN HORNER AREA FOREMAN 138955 0 0 0 339 0 28284 0 28140 0 195718 0 0 0 MARTIN MESSER AREA FOREMAN 133504 0 0 0 617 0 25675 0 28140 0 187936 0 0 0 TYLER SCHUMMER JOURNEYMAN LINEMAN 128031 0 0 0 583 0 17465 0 28641 0 174720 0 0 0 GERALD ZINK JOURNEYMAN LINEMAN 126839 0 0 0 348 0 31499 0 29607 0 188293 0 0 0 TYLER JACOB JOURNEYMAN LINEMAN 125776 0 0 0 395 0 15953 0 28022 0 170146 0 0 0 INNOVATIVE ENERGY ALLIANCE COOPERATIVE TRAVIS K, JASON B AND ALEX C ARE OFFICERS OF BOTH ENTITIES 1135780 PAYMENT OF MANAGEMENT AND OTHER SERVICES 0 FORM 990, PART VI, SECTION A, LINE 3 INNOVATIVE ENERGY ALLIANCE COOPERATIVE PROVIDES MANAGEMENT SERVICES TO RURAL ELECTRIC COOPERATIVES IN THE STATE OF NORTH DAKOTA. TRAVIS KUPPER AND JASON BENTZ SERVE IN THE ROLE AS CO-MANAGERS FOR THE COOPERATIVE, AND BOTH INDIVIDUALS WORK IN EXCESS OF 40 HOURS A WEEK FOR INNOVATIVE ENERGY ALLIANCE COOPERATIVE. FORM 990, PART VI, SECTION A, LINE 6 INDIVIDUALS AND ENTITIES RECEIVING ELECTRICAL POWER FROM THE COOPERATIVE ARE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS ELECT ALL BOARD OF DIRECTORS AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7B AT THE ANNUAL MEETING, ALL BYLAW CHANGES MUST BE APPROVED BY THE MEMBERS AND THE MEMBERS MAY VOTE ON MOTIONS CONCERNING THE OPERATIONS OF THE COOPERATIVE. FORM 990, PART VI, SECTION B, LINE 11B A COMMITTEE COMPILED OF THE BOARD OF DIRECTORS CHAIRMAN, VICE CHAIRMAN, SECRETARY-TREASURER WILL REVIEW FORM 990 EACH YEAR BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C AT EACH BOARD METTING, ANY DIRECTOR WHO ACTUALLY OR POTENTIALLY IS INVOLVED WITH A SELF-DEALING MATTER, SHALL MAKE FULL DISCLOSURE OF THE INTEREST, SHALL NOT VOTE ON THE MATTER, AND SHALL LEAVE THE BOARD ROOM DURING THE DISCUSSION OF THE MATTER UNLESS REQUESTED TO STAY IN THE BOARD ROOM DURING THE DISCUSSION. FORM 990, PART VI, SECTION B, LINE 15 CEO/EXECUTIVE DIRECTOR: A QUESTIONAIRE TO REVIEW THE PERFORMANCE OF THE GENERAL MANAGER/CEO IS COMPLETED BY THE BOARD OF DIRECTORS EACH YEAR, WHICH IS COMPILED BY THE ATTORNEY. PROPER COMPENSATION IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS AND RECORDED APPROPRIATELY IN THE BOARD MINUTES EACH YEAR. OTHER KEY EMPLOYEES: THE BOARD OF DIRECTORS SET UP A UNION NEGOTIATION COMMITTEE COMPILED OF 3 BOARD MEMBERS. THE COMMITTEE MEETS AS NEEDED AND NEGOTIATES WAGES FOR THE UNION EMPLOYEES. THE BOARD NEGOTIATION COMMITTEE THEN PRESENTS THEIR PROPOSAL TO THE FULL BOARD OF DIRECTORS, WHO THEN APPROVES OR DISAPPROVES THE WAGE INCREASE, WHICH IS DOCUMENTED IN THE BOARD MINUTES. ALL OTHER NON-UNION WAGES ARE GENERALLY BASED UPON UNION RAISES. THE BOARD OF DIRECTORS ARE INFORMED OF ALL WAGE INCREASES. FORM 990, PART VI, SECTION C, LINE 19 BYLAWS & ARTICLES OF INCORPORATION ARE MAILED TO EACH NEW MEMBER OF THE COOPERATIVE AND ARE AVAILABLE UPON REQUEST. CONFLICT OF INTEREST POLICY IS AVILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE PUBLISHED EACH YEAR IN THE ANNUAL REPORT AND ARE AVAILABLE UPON REQUEST. FORM 990, PART VII JASON BENTZ, TRAVIS KUPPER AND ALEX CRAIGMILE ARE EMPLOYEES OF INNOVATIVE ENERGY ALLIANCE, A SEPARATE UNRELATED ENTITY THAT PROVIDES MANAGEMENT SERVICES TO RURAL ELECTRIC COOPERATIVES IN NORTH DAKOTA. FORM 990, PART VII, SECTION A, COLUMN F INCLUDED IN THE COLUMN "F" ESTIMATED AMOUNT OF OTHER COMPENSATION IS THE ESTIMATED ANNUAL INCREASE IN THE ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN. THE ESTIMATED INCREASE IS AS FOLLOWS FOR THOSE LISTED IN PART VII: DALE NAGEL - $37,651 KEVIN HORNER - $24,513 MARTIN MESSER - $21,917 TYLER SCHUMMER - $5,809 GERALD ZINK - $28,005 TYLER JACOB - $4,241 THE CURRENT YEAR EXPENSE FOR THIS DEFINED BENEFIT PLAN WAS AS FOLLOWS: DALE NAGEL - $39,082 KEVIN HORNER - $30,497 MARTIN MESSER - $30,497 TYLER SCHUMMER - $14,707 GERALD ZINK - $28,242 TYLER JACOB - $14,707 FORM 990, PART XI, LINE 9: ALLOCATED CAPITAL CREDITS 1,320,469. RETIREMENT OF CAPITAL CREDITS -293,416. PART XII, LINE 2C: THERE WAS NO CHANGE IN THE OVERSIGHT PROCESS IN THE CURRENT YEAR. THE FULL BOARD MEETS WITH THE AUDITOR AND REVIEWS THE AUDITED FINANCIAL STATEMENTS. PART IX, LINE 4: BENEFITS PAID TO MEMBERS THE AMOUNT ON THIS LINE IS FOR PATRONAGE DIVIDENDS. THE COOPERATIVE HAS INTERPRETED PATRONAGE DIVIDENDS TO MEAN THE AMOUNT OF CAPITAL CREDITS THAT WERE ALLOCATED TO MEMBERS IN THE CURRENT YEAR. KEM ELECTRIC OPERATION ROUNDUP INC 107 S BROADWAY LINTON ND 58552 481299784 CHARITABLE CONTRIBUTIONS TO LOW INCOME AND NEEDY FAMILIES ND 501(C)(3) LINE 7 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0