2025-09-30T10:40:37-04:00 2024-12-31 541320089 ADAMS JENKINS & CHEATHAM 231 WYLDEROSE DR MIDLOTHIAN VA 23113 990 2024-01-01 520492367 SOUTHERN MARYLAND ELECTRIC COOPERATIVE INC SOUT 3012744328 P O BOX 1937 HUGHESVILLE MD 206371937 SONJA M COX PRESIDENT & CEO 3012748250 2025-09-15 true true G STEVEN GILLIAM CPA P00348264 8043231313 2025-09-22 2024 2025-03-06 01:10:19Z SONJA M COX PO BOX 1937 HUGHESVILLE MD 20637 542816043 false X WWW.SMECO.COOP X 1937 MD SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF SOUTHERN MARYLAND ELECTRIC COOPERATIVE. 15 15 579 93911 90993 0 474449442 536537265 496700 362860 7174480 5582974 482120622 542483099 0 0 70201365 74315720 0 0 409350397 457004494 479551762 531320214 2568860 11162885 1187119903 1242664312 875376078 920632504 311743825 322031808 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 290,986,243 OTHER SALARIES AND WAGES 59,603,584 DEPRECIATION 50,067,501 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 165 0 true 579 true true true false false false false 516403308 6302634 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 967272 0 115107 JOSEPH TRENTACOSTA SR VP & CIO 50.00 X 438541 0 98456 MARK A MACDOUGALL SR VP & COUN 50.00 0.10 X 457073 0 77824 BETH A KENNEDY SR VP & CFO 50.00 0.20 X 415450 0 79862 ROGER SCHNEIDER SR VP & COO 50.00 X 400406 0 94315 CINDY M RAUNER SR VP & CHRO 50.00 X 382708 0 52793 DAMON KRIEGER VP LEGAL AFF 50.00 X 351124 0 50182 EUGENE BRADFORD VP RATES & E 50.00 X 275556 0 61843 JOHN BREDENKAMP VP TRANSM E& 50.00 X 266015 0 43539 CALVIN THOMAS SERVICEMAN 69.00 X 247182 0 55344 THOMAS DENNISON VP GOVT. & P 50.00 X 254246 0 45421 W RAYNER BLAIR III CHAIRMAN 5.00 X X 42200 0 0 RICHARD A WINKLER DIRECTOR 5.00 0.20 X 37600 0 0 NANCY W ZINN SEC. / TREAS 4.00 X X 34400 0 0 P SCOTT WHITE DIRECTOR 4.00 0.20 X 33800 0 0 W MICHAEL PHIPPS DIRECTOR 4.00 0.20 X 33300 0 0 F GEORGE HEINZE DIRECTOR 4.00 X 32200 0 0 CHARLES B BOWLING JR DIRECTOR 3.00 0.20 X 31800 0 0 KENNETH W CROSS ASST. SEC. / 3.00 X X 31400 0 0 SUSAN HANCE-WELLS DIRECTOR 3.00 0.20 X 31400 0 0 J DOUGLAS FREDERICK DIRECTOR 3.00 X 30900 0 0 WILLIAM R CULLINS III VICE CHAIRMA 3.00 X X 29800 0 0 JOSEPH GILBERT MURPHY DIRECTOR 2.00 0.20 X 28700 0 0 DANIEL W DYER DIRECTOR 2.00 X 27150 0 0 KENNETH L DYSON FMR ASST. SE 2.00 X X 20900 0 0 DAVID A CROSS JR DIRECTOR 2.00 X 17550 0 0 EDWARD HOLLAND DIRECTOR 2.00 X 7300 0 0 JAMES A RICHARDS FMR DIRECTOR 2.00 X 6150 0 0 4932123 774686 276 false true false ICF RESOURCES INC 9300 LEE HIGHWAY FAIRFAX VA 22079 MGR EMPOWER MD 13192344 PENN LINE TREE SERVICE INC 300 SCOTTDALE AVE SCOTTDALE PA 15683 ROW MAINT 10955629 SOUTHERN MARYLAND CABLE INC 5932 SOLOMONS ISLAND RD PO BOX 30 TRACYS LANDING MD 20779 CONSTRUCTION 5763374 SUMTER UTILITIES INC 1151 NORTH PIKE WEST SUMTER SC 29151 CONSTRUCTION 4504509 AUI INC 1600 W PULASKI HIGHWAY ELKTON MD 21921 CONSTRUCTION 4061558 71 SALE AND DIST. OF ELECT. 221000 527972109 527972109 CONTRIB. IN AID OF CONST. 221000 6887605 6887605 PATRONAGE ALLOC. RECEIVED 221000 1677551 1677551 536537265 425349 425349 339877 2582456 101084 238793 2582456 2821249 93911 2727338 169371 231860 -62489 -62489 -62489 DSM RECOVERY 221000 2227065 2227065 POWER SOLUTIONS & OTHER 221000 313799 313799 EQUITY EARNINGS SMECO SOL 128184 128184 92677 92677 2761725 542483099 539298990 93911 3090198 4056362 59603584 6435118 773567 3447089 1203383 132575 3087527 283119 30526366 50067501 COST OF POWER 290986243 CUSTOMER SERVICE AND INFO 30304327 ADMINISTRATIVE AND GENERA 22330900 TAXES 14708153 13374400 531320214 0 0 0 2218682 1586548 2049007 5063080 57696787 68139510 24261990 28485148 45911734 51828334 1497079015 532207153 935680279 964871862 21548872 11823973 26769132 26083424 70983420 84782433 1187119903 1242664312 32828053 45439636 764325778 811202064 78222247 63990804 875376078 920632504 X 311743825 322031808 311743825 322031808 1187119903 1242664312 X 11162885 -874902 X false true X true false 1497079015 532207153 964871862 964871862 REGULATORY ASSETS - DR AND EMPOWER 41491237 OTHER ACCRUED UTILITY REVENUE 30061336 OTHER ACCOUNTS REC & ACCR. INT 9666246 RECS 2501163 OTHER REGULATORY ASSET 1013226 AR ASSOC. COMPANY 49225 84782433 DEFERRED CREDITS 15031949 ACCRUED PENSION AND POST-RETIREMENT 13038999 ACCRUED VACATION 7134847 CUSTOMER DEPOSITS 6835914 CAPITAL LEASE OBLIGATION 6302245 ADVANCE BILLING 5521417 ACCRUED PAYROLL 4762078 ACCRUED INTEREST 3801660 OTHER 542161 DUE TO RETAIL CHOICE SUPPLIERS 476070 DERIVATIVE LIABILITIES 411021 INTER ENTITY PAYABLE 71568 ACCRUED TAXES 60875 63990804 X true true X X X X X false true false SONJA M COX PRESIDENT & CEO 570769 50000 346503 87458 27649 1082379 JOSEPH TRENTACOSTA SR VP & CIO 368862 20610 49069 74433 24023 536997 MARK A MACDOUGALL SR VP & COUNSEL 382966 26398 47709 68081 9743 534897 BETH A KENNEDY SR VP & CFO 332258 25707 57485 58615 21247 495312 ROGER SCHNEIDER SR VP & COO 332258 18665 49483 70445 23870 494721 CINDY M RAUNER SR VP & CHRO 332258 18212 32238 50441 2352 435501 DAMON KRIEGER VP LEGAL AFFAIRS 319990 25404 5730 24200 25982 401306 EUGENE BRADFORD VP RATES & ENG. PR 242913 16522 16121 40935 20908 337399 JOHN BREDENKAMP VP TRANSM E&O 234788 12992 18235 40776 2763 309554 CALVIN THOMAS SERVICEMAN 112431 2490 132261 29985 25359 302526 THOMAS DENNISON VP GOVT. & PUB AF. 219962 11859 22425 43424 1997 299667 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 0 375,046 0 JOSEPH TRENTACOSTA 0 71,953 0 MARK A. MACDOUGALL 0 58,335 0 BETH A. KENNEDY 0 56,085 0 ROGER SCHNEIDER 0 63,837 0 CINDY M. RAUNER 0 29,253 0 EUGENE BRADFORD 0 22,464 0 JOHN BREDENKAMP 0 16,341 0 THOMAS DENNISON 0 28,205 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 561,464 NET OCI ADJUSTMENT 6,591,158 CIAC NOT REVENUE PER GAAP -6,887,605 DISTRIBUTION OF CAPITAL CREDITS TO MEMBERS -1,011,231 EQUITY INVESTMENT ADJUSTMENT TO MATCH K-1 -128,688 TOTAL -874,902 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 856839 COST SMECO SOLAR LLC A 93911 FMV SMECO SOLAR LLC O 24321 FULLY DIST COST SMECO SOLAR LLC P 1536985 FMV SMECO SOLAR LLC Q 45919 FULLY DIST COST