2024-10-02T14:38:28-04:00 2023-12-31 541320089 ADAMS JENKINS & CHEATHAM 231 WYLDEROSE DR MIDLOTHIAN VA 23113 990 2023-01-01 520492367 SOUTHERN MARYLAND ELECTRIC COOPERATIVE INC SOUT 3012744328 P O BOX 1937 HUGHESVILLE MD 206371937 SONJA M COX PRESIDENT & CEO 3012748250 2024-09-09 true true G STEVEN GILLIAM CPA P00348264 8043231313 2024-09-17 2023 2024-10-15 13:58:12Z SONJA M COX PO BOX 1937 HUGHESVILLE MD 20637 482421515 false X WWW.SMECO.COOP X 1937 MD SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF SOUTHERN MARYLAND ELECTRIC COOPERATIVE. 15 15 583 91045 70961 0 552873580 474449442 11800 496700 5311538 7174480 558196918 482120622 0 12088355 0 69663254 70201365 0 0 469910750 409350397 551662359 479551762 6534559 2568860 1212996814 1187119903 895777408 875376078 317219406 311743825 SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF SOUTHERN MARYLAND ELECTRIC COOPERATIVE. false false SAFE AND EFFECTIVE DELIVERY OF ELECTRICITY TO THE MEMBERS OF SOUTHERN MARYLAND ELECTRIC COOPERATIVE. THE THREE LARGEST PROGRAM EXPENSES WERE: COST OF POWER 255,046,268 OTHER SALARIES AND WAGES 55,135,370 DEPRECIATION 47,441,508 false false false false false false false false false true false false true true false false true false false false false false false false false false false false true false false false false false false false false false false false true true true false true 170 0 true 583 true true true false false false false 454436398 7509225 false false false X 15 15 false false false false true true true true true false false true true true true true true true true false CA MD X SOUTHERN MARYLAND ELECTRIC 3012744328 15035 BURNT STORE ROAD HUGHESVILLE MD 206371937 SONJA M COX PRESIDENT & 50.00 0.20 X 671400 0 212305 CAMPBELL B HAWKINS SR VP & CSIO 50.00 X 458832 0 161755 MARK A MACDOUGALL SR VP & COUN 50.00 0.10 X 440628 0 121440 JOSEPH TRENTACOSTA SR VP & CIO 50.00 X 414705 0 143195 ROGER SCHNEIDER SR VP & COO 50.00 X 368339 0 129782 BETH A KENNEDY SR VP & CFO 50.00 0.20 X 367916 0 111160 CINDY M RAUNER SR VP & CHRO 50.00 X 353409 0 69648 EUGENE BRADFORD VP RATES & E 50.00 X 237981 0 58628 THOMAS DENNISON VP GOVT. & P 50.00 X 230812 0 53017 JOHN BREDENKAMP VP TRANSM E& 50.00 X 234202 0 42487 DAMON KRIEGER VP LEGAL AFF 50.00 X 233791 0 40417 JEFFREY S SHAW VP DIST. ENE 50.00 X 220605 0 31952 PETER S WHITE CHAIRMAN UNT 6.00 0.20 X X 42700 0 0 RICHARD A WINKLER DIRECTOR 5.00 0.20 X 39100 0 0 W RAYNER BLAIR III CHAIRMAN 4.00 X X 35700 0 0 W MICHAEL PHIPPS VICE CHAIR U 4.00 0.20 X X 35000 0 0 F GEORGE HEINZE DIRECTOR 3.00 X 34800 0 0 KENNETH W CROSS DIRECTOR 4.00 X 34500 0 0 NANCY W ZINN SEC. / TREAS 3.00 X X 34000 0 0 JOSEPH GILBERT MURPHY DIRECTOR 3.00 0.20 X 33600 0 0 WILLIAM R CULLINS III VICE CHAIRMA 3.00 X X 33200 0 0 DANIEL W DYER DIRECTOR 3.00 X 30700 0 0 SUSAN HANCE-WELLS DIRECTOR 3.00 0.20 X 29800 0 0 J DOUGLAS FREDERICK DIRECTOR 2.00 X 29000 0 0 KENNETH L DYSON ASST. SEC/TR 2.00 X X 27700 0 0 JAMES A RICHARDS DIRECTOR 2.00 X 26000 0 0 WILLIAM L PURNELL DIRECTOR UNT 4.00 X 24800 0 0 CHARLES B BOWLING JR DIRECTOR 4.00 X 6500 0 0 4729720 1175786 255 false true false ICF RESOURCES INC 9300 LEE HIGHWAY FAIRFAX VA 22079 MGR EMPOWER MD 7239612 PENN LINE TREE SERVICE INC 300 SCOTTDALE AVE SCOTTDALE PA 15683 ROW MAINT 6548820 SOUTHERN MARYLAND CABLE INC 5932 SOLOMONS ISLAND RD PO BOX 30 TRACYS LANDING MD 20779 CONSTRUCTION 4550614 SUMTER UTILITIES INC 1151 NORTH PIKE WEST SUMTER SC 29151 CONSTRUCTION 3967236 ITRON INC 2111 NORTH MOLTER ROAD LIBERTY LAKE WA 99019 EM VERIFICATION 2861166 57 SALE AND DIST. OF ELECT. 221000 466330950 466330950 CONTRIB. IN AID OF CONST. 221000 5962504 5962504 PATRONAGE ALLOC. RECEIVED 221000 2155988 2155988 474449442 496700 496700 325436 2886949 59837 265599 2886949 3152548 91045 3061503 241056 241056 DSM RECOVERY 221000 2332928 2332928 POWER SOLUTIONS & OTHER 221000 1410018 1410018 EQUITY EARNINGS SMECO SOL 241881 241881 37105 37105 4021932 482120622 478471374 91045 3558203 X 4521613 55135370 6358222 783053 3403107 732185 309999 3418261 263127 27788167 47441508 COST OF POWER 255046268 CUSTOMER SERVICE AND INFO 25318878 ADMINISTRATIVE AND GENERA 18979201 TAXES 15404107 14648696 479551762 0 0 0 670731 2218682 2318215 2049007 84045987 57696787 18938881 24261990 38850367 45911734 1437099718 501419439 873795780 935680279 38812814 21548872 23695353 26769132 131868686 70983420 1212996814 1187119903 23355274 32828053 778625075 764325778 93797059 78222247 895777408 875376078 X 317219406 311743825 317219406 311743825 1212996814 1187119903 X 2568860 -8044441 X false true X true true true 1437099718 501419439 935680279 935680279 REGULATORY ASSETS - DR AND EMPOWER 41607868 OTHER ACCRUED UTILITY REVENUE 22258509 OTHER ACCOUNTS REC & ACCR. INT 5150004 OTHER REGULATORY ASSET 1570826 RECS 337605 AR ASSOC. COMPANY 58608 70983420 DERIVATIVE LIABILITIES 19202470 ACCRUED PENSION AND POST-RETIREMENT 17337547 ADVANCE BILLING 9076168 CUSTOMER DEPOSITS 6751010 ACCRUED VACATION 6724155 ACCRUED PAYROLL 5125089 DEFERRED CREDITS 4386514 CAPITAL LEASE OBLIGATION 4337198 ACCRUED INTEREST 3261614 CIS REFUNDS PAT CAP 824342 DUE TO RETAIL CHOICE SUPPLIERS 673852 OTHER 392390 INTER ENTITY PAYABLE 67318 ACCRUED TAXES 62580 78222247 X true true X X X X X true true false SONJA M COX PRESIDENT & CEO 525000 50000 96400 186392 25913 883705 CAMPBELL B HAWKINS SR VP & CSIO 186729 19420 252683 147378 14377 620587 MARK A MACDOUGALL SR VP & COUNSEL 363913 21689 55026 112324 9116 562068 JOSEPH TRENTACOSTA SR VP & CIO 349664 20840 44201 120562 22633 557900 ROGER SCHNEIDER SR VP & COO 311250 17928 39161 107315 22467 498121 BETH A KENNEDY SR VP & CFO 308374 16322 43220 96377 14783 479076 CINDY M RAUNER SR VP & CHRO 308374 16322 28713 67394 2254 423057 EUGENE BRADFORD VP RATES & ENG. PR 229716 13691 -5426 39035 19593 296609 THOMAS DENNISON VP GOVT. & PUB AF. 206519 12982 11311 51086 1931 283829 JOHN BREDENKAMP VP TRANSM E&O 222032 12789 -619 39805 2682 276689 DAMON KRIEGER VP LEGAL AFFAIRS 230769 3022 20820 19597 274208 JEFFREY S SHAW VP DIST. ENERGY 204479 11369 4757 30723 1229 252557 SCHEDULE J, PAGE 1, PART I, LINE 1A SOUTHERN MARYLAND ELECTRIC COOPERATIVE HAS A CORPORATE WELLNESS POLICY AVAILABLE TO ALL FULL-TIME EMPLOYEES OF THE COOPERATIVE. GYM MEMBERSHIPS ARE ELIGIBLE FOR UP TO A 20 REIMBURSEMENT MONTHLY. THE FOLLOWING INDIVIDUALS LISTED ON THIS SCHEDULE PARTICIPATED IN THIS PROGRAM: JOSEPH TRENTACOSTA SCHEDULE J, PAGE 1, PART I, LINE 4 SONJA M. COX 0 103,085 0 CAMPBELL B. HAWKINS 110,844 127,246 0 MARK A. MACDOUGALL 0 51,659 0 JOSEPH TRENTACOSTA 0 52,610 0 ROGER SCHNEIDER 0 43,355 0 BETH A. KENNEDY 0 41,870 0 CINDY M. RAUNER 0 21,973 0 THOMAS DENNISON 0 10,326 0 FORM 990, PAGE 6, PART VI, LINE 6 SOUTHERN MARYLAND ELECTRIC COOPERATIVE IS AN ELECTRIC MEMBERSHIP CORPORATION THAT DELIVERS ELECTRICITY TO THE MEMBERS OF THE COOPERATIVE. FORM 990, PAGE 6, PART VI, LINE 7A MEMBERS OF THE GOVERNING BOARD ARE ELECTED BY THE MEMBERSHIP OF THE COOPERATIVE. EACH MEMBER RECEIVES ONE VOTE. THE BOARD HAS MONTHLY MEETINGS AND AN ANNUAL MEETING THAT IS OPEN TO THE ENTIRE MEMBERSHIP. FORM 990, PAGE 6, PART VI, LINE 7B THE COOPERATIVE BY-LAWS ARE VOTED ON BY THE MEMBERS OF THE COOPERATIVE. FORM 990, PAGE 6, PART VI, LINE 11B A DRAFT COPY OF THE FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS THE WEEK PRIOR TO THE BOARD MEETING. THE DAY OF THE BOARD MEETING, THE 990 IS PRESENTED TO THE POLICY, AUDIT AND BUDGET COMMITTEE BY THE INDEPENDENT CPA FIRM. THE COMMITTEE THEN MAKES A RECOMMENDATION FOR APPROVAL AT THE FULL BOARD MEETING THAT FOLLOWS. THE PRESIDENT & CEO AND SENIOR VICE PRESIDENT AND CFO ARE PRESENT AT THE BOARD MEETING TO ANSWER ANY ADDITIONAL QUESTIONS THE BOARD MEMBERS MAY HAVE REGARDING THE FORM. ONCE APPROVED, THE FORM 990 IS THEN FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PAGE 6, PART VI, LINE 12C A QUESTIONNAIRE IS COMPLETED BY THE DIRECTORS, OFFICERS AND KEY EMPLOYEES OF THE COOPERATIVE. FORM 990, PAGE 6, PART VI, LINE 15A A SALARY STRUCTURE AND COMPARISON STUDY IS OBTAINED FROM AN INDEPENDENT CONSULTANT. THE BOARD OF DIRECTORS COMPLETES AN APPRAISAL AND DISCUSSES WITH THE CEO. FORM 990, PAGE 6, PART VI, LINE 15B A SALARY STRUCTURE AND COMPARISON STUDY IS OBTAINED FROM AN INDEPENDENT CONSULTANT. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS AND POLICIES ARE AVAILABLE UPON REQUEST. FINANCIAL DATA IS ALSO INCLUDED ON THE 990 WHICH IS AVAILABLE UPON REQUEST. FINANCIAL DATA IS ALSO AVAILABLE ON THE COOPERATIVE'S WEBSITE. FORM 990, PART XI, LINE 9 NON CASH PATRONAGE NOT REVENUE PER IRS 1,065,832 PRIOR YEAR UNCLAIMED CAPITAL CREDITS 695,208 NET OCI ADJUSTMENT 20,274 CIAC NOT REVENUE PER GAAP -5,962,504 DISTRIBUTION OF CAPITAL CREDITS TO MEMBERS -3,845,167 EQUITY INVESTMENT ADJUSTMENT TO MATCH K-1 -18,084 TOTAL -8,044,441 SMECO WORKERS COMPENSATION PLAN 15035 BURNT STORE RD PO BOX 193 HUGHESVILLE MD 206371937 521309853 BENEFITS MD 501C4 SMECO false SMECO CHARITABLE FOUNDATION INC PO BOX 74 HUGHESVILLE MD 20637 813611883 CHARITY MD 501C3 SMECO false SMECO SOLAR LLC 15035 BURNT STORE ROAD HUGHESVILLE MD 20637 453047686 SOLAR MD N/A true true false false false false false false false false false false false false false true true true true false SMECO WORKERS COMPENSATION PLAN R 914812 COST SMECO SOLAR LLC A 91045 FMV SMECO SOLAR LLC O 25668 FULLY DIST COST SMECO SOLAR LLC P 1680162 FMV SMECO SOLAR LLC Q 55828 FULLY DIST COST