SOUTHERN MARYLAND ELECTRIC COOPERATIVE INC: Form 990, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- SOUTHERN MARYLAND ELECTRIC COOPERATIVE INC (EIN 52-0492367)
- Tax period
- 2021-01-01 to 2021-12-31
- Filed
- 2022-11-13
- IRS object ID
- 202213179349301531
- Schema version
- 2021v4.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-11-13T12:01:06-08:00 | ReturnTs |
| Tax Period End | 2021-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 541320089 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ADAMS JENKINS CHEATHAM PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 231 WYLDEROSE DR | AddressLine1Txt |
| City | MIDLOTHIAN | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 23113 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2021-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 520492367 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SOUTHERN MARYLAND | BusinessNameLine1Txt |
| Business Name Line2 | ELECTRIC COOPERATIVE INC | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | SOUT | BusinessNameControlTxt |
| Phone | 3012744328 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1937 | AddressLine1Txt |
| City | HUGHESVILLE | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 20637 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Sonja M Cox | PersonNm |
| Person Title | President & CEO | PersonTitleTxt |
| Signature | 2022-11-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | Sonja M | PersonFirstNm |
| Person Last | Cox | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | G STEVEN GILLIAM CPA | PreparerPersonNm |
| PTIN | P00348264 | PTIN |
| Phone | 8043231313 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Federated Assurance Level | FAL1 | FederatedAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Sonja M Cox | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1937 | AddressLine1Txt |
| City | HUGHESVILLE | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 206371937 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $461,241,498 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | www.smeco.coop | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1937 | FormationYr |
| Legal Domicile State | MD | LegalDomicileStateCd |
| Activity Or Mission | Safe and effective distribution of electricity to the members of Southern Maryland Electric Cooperative. | ActivityOrMissionDesc |
| Voting Members Governing Body | 15 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 15 | VotingMembersIndependentCnt |
| Total Employee | 555 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $66,274 | NetUnrelatedBusTxblIncmAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $415,997,953 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $447,945,949 | CYProgramServiceRevenueAmt |
| PY Investment Income | $404,687 | PYInvestmentIncomeAmt |
| CY Investment Income | $267,007 | CYInvestmentIncomeAmt |
| PY Other Revenue | $4,685,987 | PYOtherRevenueAmt |
| CY Other Revenue | $12,840,102 | CYOtherRevenueAmt |
| PY Total Revenue | $421,088,627 | PYTotalRevenueAmt |
| CY Total Revenue | $461,053,058 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $27,109,541 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $23,478,865 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $63,350,765 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $62,725,706 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $326,683,413 | PYOtherExpensesAmt |
| CY Other Expenses | $369,122,799 | CYOtherExpensesAmt |
| PY Total Expenses | $417,143,719 | PYTotalExpensesAmt |
| CY Total Expenses | $455,327,370 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $3,944,908 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $5,725,688 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $1,077,937,193 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,114,931,504 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $820,365,775 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $819,431,559 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $257,571,418 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $295,499,945 | NetAssetsOrFundBalancesEOYAmt |
| Mission | Safe and effective distribution of electricity to the members of Southern Maryland Electric Cooperative. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Desc | Safe and effective delivery of electricity to the members of Southern Maryland Electric Cooperative. The three largest program expenses were:Cost of power $230,473,112Depreciation $42,048,617Other Salaries and Wages $48,337,843 | Desc |
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (true) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (true) | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (true) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (true) | TransactionWithControlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 161 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 555 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Members And Shr Gross Income | $427,825,535 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $7,847,741 | OtherSourcesGrossIncomeAmt |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 15 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 15 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (true) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | AR | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | AZ | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | CO | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | FL | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | GA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | IA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | IL | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | IN | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | KS | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | KY | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | LA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MD | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MN | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MO | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MS | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NC | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | RI | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | SC | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | the corporation | PersonNm |
| Phone | 3012744328 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 15035 Burnt Store Road | AddressLine1Txt |
| City | Hughesville | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 206371937 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | Yes (X) | InfoInScheduleOPartVIIInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (29 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|---|
| Sonja M Cox | |||||||
| President & CEO | 50.00 | 0.20 | Yes (X) | $435,630 | $0 | $91,363 | |
| Mark A MacDougall | |||||||
| SR VP & COUNSEL | 50.00 | 0.10 | Yes (X) | $397,915 | $0 | $52,380 | |
| Joseph Trentacosta | |||||||
| SR VP & CIO | 50.00 | 0.00 | Yes (X) | $370,251 | $0 | $75,735 | |
| Campbell B Hawkins | |||||||
| Senior VP CSIO | 50.00 | 0.00 | Yes (X) | $327,391 | $0 | $52,410 | |
| Roger Schneider | |||||||
| SR VP & COO | 50.00 | 0.00 | Yes (X) | $278,106 | $0 | $74,520 | |
| Christopher Norton | |||||||
| Elec Ops dir | 50.00 | 0.00 | $276,077 | $0 | $37,277 | ||
| Arthur Kingsley | |||||||
| VP Trans & Subst | 50.00 | 0.00 | $222,434 | $0 | $84,942 | ||
| Eugene Bradford | |||||||
| VP Rates & Eng. Pr | 50.00 | 0.00 | $231,470 | $0 | $53,854 | ||
| Beth A Kennedy | |||||||
| SR, VP & CFO | 50.00 | 0.20 | Yes (X) | $228,308 | $0 | $44,375 | |
| Cindy M Rauner | |||||||
| SR, VP & CHRO | 50.00 | 0.00 | Yes (X) | $216,518 | $0 | $30,377 | |
| John Bredenkamp | |||||||
| Proj. Mgmt. & SD | 50.00 | 0.00 | $203,203 | $0 | $35,679 | ||
| Jeffrey S Shaw | |||||||
| VP Dist Eng. Sust. | 50.00 | 0.00 | $204,131 | $0 | $28,695 | ||
| Kenneth M Capps | |||||||
| SR VP & COO | 40.00 | 0.00 | Yes (X) | $59,409 | $0 | $84,036 | |
| Peter S White | |||||||
| Chairman | 4.00 | 0.10 | Yes (X) | $40,450 | $0 | $0 | Yes (X) |
| Richard A Winkler | |||||||
| Director | 4.00 | 0.10 | $34,050 | $0 | $0 | Yes (X) | |
| Daniel W Dyer | |||||||
| Director | 3.00 | 0.00 | $31,250 | $0 | $0 | Yes (X) | |
| W Michael Phipps | |||||||
| Vice Chairman | 3.00 | 0.10 | Yes (X) | $30,600 | $0 | $0 | Yes (X) |
| Joseph Gilbert Murphy | |||||||
| Director | 4.00 | 0.10 | $30,000 | $0 | $0 | Yes (X) | |
| Nancy W Zinn | |||||||
| Sec. / Treas | 3.00 | 0.00 | Yes (X) | $29,900 | $0 | $0 | Yes (X) |
| William R Cullins III | |||||||
| Director | 3.00 | 0.00 | $29,250 | $0 | $0 | Yes (X) | |
| Joseph D Frederick | |||||||
| Director | 3.00 | 0.00 | $29,000 | $0 | $0 | Yes (X) | |
| James A Richards | |||||||
| Director | 2.00 | 0.00 | $28,800 | $0 | $0 | Yes (X) | |
| W Rayner Blair III | |||||||
| Director | 3.00 | 0.10 | $28,500 | $0 | $0 | Yes (X) | |
| William L Purnell | |||||||
| Director | 2.00 | 0.10 | $28,000 | $0 | $0 | Yes (X) | |
| Susan Hance-Wells | |||||||
| director | 3.00 | 0.10 | $27,600 | $0 | $0 | Yes (X) | |
| Kenneth L Dyson | |||||||
| Asst. SEC/TREAS | 2.00 | 0.00 | Yes (X) | $27,600 | $0 | $0 | Yes (X) |
| Gilbert O Bowling | |||||||
| Director | 2.00 | 0.00 | $27,200 | $0 | $0 | Yes (X) | |
| Fern G Brown | |||||||
| SEC. / TREAS. | 2.00 | 0.00 | Yes (X) | $21,400 | $0 | $0 | Yes (X) |
| Kenneth W Cross | |||||||
| director | 6.00 | 0.00 | $6,800 | $0 | $0 | Yes (X) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $3,901,243 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $745,643 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 236 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Penn Line Service Inc | |||||
| 300 Scottdale Ave | Scottdale | PA | 15683 | ROW maintenance | $8,054,003 |
| ICF Resources INC | |||||
| 9300 Lee Highway | Fairfax | VA | 22031 | Mgr EmPower MD EEP | $6,961,982 |
| Scheibel Construction | |||||
| 115 Prospect Drive | Huntingtown | MD | 20639 | Construction Cont. | $9,647,893 |
| Sumter Utilities Inc | |||||
| 1151 North Pike West | Sumter | SC | 29151 | Construction Cont. | $4,864,963 |
| Itron Inc | |||||
| 2111 North Molter Rd | Liberty lake | WA | 99019 | Emp MD. Verification | $3,593,695 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 68 | CntrctRcvdGreaterThan100KCnt |
| Info In Schedule O Part VIII | Yes (X) | InfoInScheduleOPartVIIIInd |
| Total Contributions | $0 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| CONTRIB. IN AID OF CONST. | 221000 | $6,342,033 | $6,342,033 |
| PATRONAGE ALLOC. RECEIVED | 221000 | $2,496,667 | $2,496,667 |
| SALE AND DIST. OF ELECT. | 221000 | $439,107,249 | $439,107,249 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $447,945,949 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $267,007 | TotalRevenueColumnAmt |
| Exclusion | $267,007 | ExclusionAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $315,780 | RealAmt |
| Personal | $2,700,850 | PersonalAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $58,458 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $257,322 | RealAmt |
| Personal | $2,700,850 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,958,172 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $79,799 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $2,878,373 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $129,982 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $129,982 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| DSM Recovery | 221000 | $2,173,167 | $2,173,167 |
| Power solutions & other | 221000 | $1,596,682 | $1,596,682 |
| PPP Loan Forgiveness | 221000 | $6,034,241 | $6,034,241 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $77,840 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $77,840 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $9,881,930 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $461,053,058 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $457,907,678 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $3,145,380 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $23,478,865 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,269,124 | TotalAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $48,337,843 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,662,350 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,718,565 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,737,824 | TotalAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $451,405 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $409,537 | TotalAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,336,081 | TotalAmt |
Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $334,073 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $24,060,510 | TotalAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $42,048,617 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| Cost of power | $230,473,112 |
| Customer service and informati | $26,702,995 |
| Admin & General | $14,537,915 |
| Taxes | $14,348,444 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,420,110 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $455,327,370 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,414,243 | BOYAmt |
| EOY | $1,931,104 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $55,793 | BOYAmt |
| EOY | $55,932 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $56,367,383 | BOYAmt |
| EOY | $57,571,257 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,738,450 | BOYAmt |
| EOY | $14,969,686 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $65,278,683 | BOYAmt |
| EOY | $35,570,743 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $1,313,035,445 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $460,242,737 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $806,053,630 | BOYAmt |
| EOY | $852,792,708 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,222,491 | BOYAmt |
| EOY | $14,145,757 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,494,159 | BOYAmt |
| EOY | $25,940,814 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $101,312,361 | BOYAmt |
| EOY | $111,953,503 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,077,937,193 | BOYAmt |
| EOY | $1,114,931,504 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $28,587,420 | BOYAmt |
| EOY | $39,780,292 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $681,821,934 | BOYAmt |
| EOY | $699,408,326 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,560,877 | BOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $101,395,544 | BOYAmt |
| EOY | $80,242,941 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $820,365,775 | BOYAmt |
| EOY | $819,431,559 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $257,571,418 | BOYAmt |
| EOY | $295,499,945 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $257,571,418 | BOYAmt |
| EOY | $295,499,945 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,077,937,193 | BOYAmt |
| EOY | $1,114,931,504 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $5,725,688 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $32,202,839 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,313,035,445 | OtherCostOrOtherBasisAmt |
| Depreciation | $460,242,737 | DepreciationAmt |
| Book Value | $852,792,708 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $852,792,708 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp (7 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| Capital Term Certificates | $4,089,533 | C |
| NRUCFC | $4,032,754 | C |
| Federated Rural Electric Insurance Corp. | $1,467,580 | C |
| CoBank | $10,909,287 | C |
| Other | $351,978 | C |
| Alliance for COOP Energy Svcs. Power Mkt | $1,296,974 | C |
| OTHER - NYMEX | $3,792,708 | F |
Other Assets Org OtherAssetsOrgGrp (6 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| AR Assoc. Company | $28,395 |
| Other accounts receivable & accr. int. | $6,370,256 |
| Other Accrued Utility Revenue | $29,983,848 |
| RECS | $2,170,495 |
| Regulatory Assets - AMI | $41,434,580 |
| Regulatory assets - DR and Empower prog, | $31,965,929 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $111,953,503 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (14 entries)
| DescDesc | AmtAmt |
|---|---|
| ACCRUED INTEREST | $2,799,324 |
| Accrued Payroll | $4,453,956 |
| Accrued Pension and post-retirement ben. | $35,725,816 |
| Accrued Taxes | $396,306 |
| Accrued vacation | $6,123,558 |
| Advance billing | $5,958,262 |
| Capital Lease Obligation | $1,279,551 |
| CIS Refunds Pat Cap | $804,252 |
| Customer Deposits | $6,798,634 |
| Deferred Credits | $12,019,171 |
| Derivative Liabilities | $2,684,276 |
| Due to Retail Choice Suppliers | $724,551 |
| Inter entity payable | $63,698 |
| OTHER | $411,586 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $80,242,941 | TotalLiabilityAmt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (true) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (true) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | Yes (true) | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (true) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (12 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt |
|---|---|---|---|---|---|---|
| Arthur Kingsley | ||||||
| VP Trans & Subst | $201,667 | $12,876 | $7,891 | $77,185 | $7,757 | $307,376 |
| Beth A Kennedy | ||||||
| SR, VP & CFO | $204,863 | $17,377 | $6,068 | $37,230 | $7,145 | $272,683 |
| Campbell B Hawkins | ||||||
| Senior VP CSIO | $313,664 | $21,546 | -$7,819 | $29,016 | $23,394 | $379,801 |
| Christopher Norton | ||||||
| Elec Ops dir | $109,851 | $14,245 | $151,981 | $24,883 | $12,394 | $313,354 |
| Cindy M Rauner | ||||||
| SR, VP & CHRO | $199,698 | $13,994 | $2,826 | $28,404 | $1,973 | $246,895 |
| Eugene Bradford | ||||||
| VP Rates & Eng. Pr | $213,926 | $15,805 | $1,739 | $35,636 | $18,218 | $285,324 |
| Jeffrey S Shaw | ||||||
| VP Dist Eng. Sust. | $188,599 | $12,143 | $3,389 | $27,334 | $1,361 | $232,826 |
| John Bredenkamp | ||||||
| Proj. Mgmt. & SD | $188,047 | $14,287 | $869 | $32,837 | $2,842 | $238,882 |
| Joseph Trentacosta | ||||||
| SR VP & CIO | $327,391 | $28,008 | $14,852 | $54,523 | $21,212 | $445,986 |
| Mark A MacDougall | ||||||
| SR VP & COUNSEL | $340,913 | $35,743 | $21,259 | $45,305 | $7,075 | $450,295 |
| Roger Schneider | ||||||
| SR VP & COO | $263,830 | $14,218 | $58 | $53,536 | $20,984 | $352,626 |
| Sonja M Cox | ||||||
| President & CEO | $400,000 | $31,562 | $4,068 | $67,659 | $23,704 | $526,993 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 1a: Relevant information in regards to selections on 1a. | FormAndLineReferenceDesc |
| Explanation | 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 | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (18 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder | Southern Maryland Electric Cooperative is an Electric Membership Corporation that delivers electricity to the members of the Cooperative. |
| Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body | 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, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders | The Cooperatives by-laws are voted on by the members of the Cooperative. |
| Form 990, Part VI, Line 11b: Form 990 Review Process | 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 & 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, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts | A questionnaire is completed by the directors, officers and key employees of the Cooperative. |
| Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management | 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, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees | A salary structure and comparison study is obtained from an independent consultant. |
| Form 990, Part VI, Line 19: Other Organization Documents Publicly Available | 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. |
| Other Changes In Net Assets Or Fund Balances - Other Decreases | Contributions in aid of construction not revenue per gaap = -$6342033 |
| Other Changes In Net Assets Or Fund Balances - Other Decreases | Distribution of capital credits to members = -$4807715 |
| Other Changes In Net Assets Or Fund Balances - Other Decreases | equity investment adjustment to match k-1 = -$13109 |
| Other Changes In Net Assets Or Fund Balances - Other Increases | Net OCI Adjustment = $18591536 |
| Other Changes In Net Assets Or Fund Balances - Other Increases | Non cash patronage capital allocations not revenue per IRS = $1295295 |
| Other Changes In Net Assets Or Fund Balances - Other Increases | Patronage Div. paid to members' accts not expense per gaap = $23478865 |
| 990 Part IX Line 17 Travel | Travel costs include the expenses of purchasing, leasing, operating, and repairing any vehicles owned by the organization and used for the organization's activities. |
| 990 Part IX Line 4 Benefits paid to or for members | Patronage dividends are paid / allocated to members' accounts in accordance with pre-existing obligation in Cooperative's by-laws. The Corporation is obligated to pay by credits (allocate) to a capital account for each patron all such amounts in excess of operating costs and expenses.IRS instructions for line 4 changed in 2011 to include patronage dividends paid by section 501(c)(12) organizations to their members. Accordingly, these amounts are now reported on line 4. |
| 990 Part VII Compensation | The following officers and directors retired during 2021:Fern G. Brown 8/17/21Kenneth M. Capps 1/4/21 |
| 990 Part VIII Line 11 A | Represents forgiveness of PPP loan that was used to offset qualified operating expenses. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|
| SMECO WORKERS COMPENSATION PLAN | |||||||||
| 15035 BURNT STORE RD PO BOX 1937 | HUGHESVILLE | MD | 206371937 | 521309853 | PROVIDES WORKERS COMP. BENEFITS TO EMPLOYEES & BENEFICIARIES | MD | 501 (c) 4 | SOUTHERN MARYLAND ELECTRIC COOPERATIVE | false |
| SMECO Charitable Foundation Inc | |||||||||
| PO Box 74 | Hughesville | MD | 20637 | 813611883 | Charitable Activities | MD | 501 (c) 3 | SOUTHERN MARYLAND ELECTRIC COOPERATIVE | false |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SMECO Solar LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 15035 Burnt Store Road | AddressLine1Txt |
| City | Hughesville | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 20637 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 453047686 | EIN |
| Primary Activities | Solar Energy | PrimaryActivitiesTxt |
| Legal Domicile State | MD | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SMECO | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Entity Type | C corp | EntityTypeTxt |
| Share Of Total Income | $61,146 | ShareOfTotalIncomeAmt |
| Share Of EOY Assets | $11,154,323 | ShareOfEOYAssetsAmt |
| Ownership | 1.00000 | OwnershipPct |
| Controlled Organization | Yes (true) | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | Yes (true) | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | false | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | false | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | false | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | false | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | false | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (true) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (true) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (true) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | Yes (true) | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (6 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| SMECO WORKERS COMPENSATION PLAN | ||
| r | $818,139 | Cost |
| SMECO Charitable Foundation Inc | ||
| q | $3,710 | Cost |
| SMECO Solar LLC | ||
| a | $79,799 | FMV |
| SMECO Solar LLC | ||
| o | $13,550 | Fully Dist Cost |
| SMECO Solar LLC | ||
| p | $1,676,013 | FMV |
| SMECO Solar LLC | ||
| q | $41,205 | Fully Dist Cost |