2022-11-13T12:01:06-08:00 2021-12-31 541320089 ADAMS JENKINS CHEATHAM PC 231 WYLDEROSE DR MIDLOTHIAN VA 23113 990 2021-01-01 520492367 SOUTHERN MARYLAND ELECTRIC COOPERATIVE INC SOUT 3012744328 PO BOX 1937 HUGHESVILLE MD 20637 Sonja M Cox President & CEO 2022-11-13 true Sonja M Cox 999009999 G STEVEN GILLIAM CPA P00348264 8043231313 2 AAL1 IAL1 FAL1 2021 2022-09-23 18:48:47Z Sonja M Cox PO BOX 1937 HUGHESVILLE MD 206371937 461241498 false X www.smeco.coop X 1937 MD Safe and effective distribution of electricity to the members of Southern Maryland Electric Cooperative. 15 15 555 0 66274 0 415997953 447945949 404687 267007 4685987 12840102 421088627 461053058 0 27109541 23478865 63350765 62725706 0 0 326683413 369122799 417143719 455327370 3944908 5725688 1077937193 1114931504 820365775 819431559 257571418 295499945 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 $230,473,112Depreciation $42,048,617Other Salaries and Wages $48,337,843 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 161 0 true 555 true true true false false false false 427825535 7847741 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 AR AZ CA CO FL GA IA IL IN KS KY LA MD MN MO MS NC RI SC X the corporation 3012744328 15035 Burnt Store Road Hughesville MD 206371937 X Sonja M Cox President & CEO 50.00 0.20 X 435630 0 91363 Mark A MacDougall SR VP & COUNSEL 50.00 0.10 X 397915 0 52380 Joseph Trentacosta SR VP & CIO 50.00 0.00 X 370251 0 75735 Campbell B Hawkins Senior VP CSIO 50.00 0.00 X 327391 0 52410 Roger Schneider SR VP & COO 50.00 0.00 X 278106 0 74520 Christopher Norton Elec Ops dir 50.00 0.00 276077 0 37277 Arthur Kingsley VP Trans & Subst 50.00 0.00 222434 0 84942 Eugene Bradford VP Rates & Eng. Pr 50.00 0.00 231470 0 53854 Beth A Kennedy SR, VP & CFO 50.00 0.20 X 228308 0 44375 Cindy M Rauner SR, VP & CHRO 50.00 0.00 X 216518 0 30377 John Bredenkamp Proj. Mgmt. & SD 50.00 0.00 203203 0 35679 Jeffrey S Shaw VP Dist Eng. Sust. 50.00 0.00 204131 0 28695 Kenneth M Capps SR VP & COO 40.00 0.00 X 59409 0 84036 Peter S White Chairman 4.00 0.10 X X 40450 0 0 Richard A Winkler Director 4.00 0.10 X 34050 0 0 Daniel W Dyer Director 3.00 0.00 X 31250 0 0 W Michael Phipps Vice Chairman 3.00 0.10 X X 30600 0 0 Joseph Gilbert Murphy Director 4.00 0.10 X 30000 0 0 Nancy W Zinn Sec. / Treas 3.00 0.00 X X 29900 0 0 William R Cullins III Director 3.00 0.00 X 29250 0 0 Joseph D Frederick Director 3.00 0.00 X 29000 0 0 James A Richards Director 2.00 0.00 X 28800 0 0 W Rayner Blair III Director 3.00 0.10 X 28500 0 0 William L Purnell Director 2.00 0.10 X 28000 0 0 Susan Hance-Wells director 3.00 0.10 X 27600 0 0 Kenneth L Dyson Asst. SEC/TREAS 2.00 0.00 X X 27600 0 0 Gilbert O Bowling Director 2.00 0.00 X 27200 0 0 Fern G Brown SEC. / TREAS. 2.00 0.00 X X 21400 0 0 Kenneth W Cross director 6.00 0.00 X 6800 0 0 3901243 745643 236 false true false Penn Line Service Inc 300 Scottdale Ave Scottdale PA 15683 ROW maintenance 8054003 ICF Resources INC 9300 Lee Highway Fairfax VA 22031 Mgr EmPower MD EEP 6961982 Scheibel Construction 115 Prospect Drive Huntingtown MD 20639 Construction Cont. 9647893 Sumter Utilities Inc 1151 North Pike West Sumter SC 29151 Construction Cont. 4864963 Itron Inc 2111 North Molter Rd Liberty lake WA 99019 Emp MD. Verification 3593695 68 X 0 CONTRIB. IN AID OF CONST. 221000 6342033 6342033 PATRONAGE ALLOC. RECEIVED 221000 2496667 2496667 SALE AND DIST. OF ELECT. 221000 439107249 439107249 447945949 267007 267007 0 0 315780 2700850 58458 257322 2700850 2958172 79799 2878373 129982 129982 0 0 0 0 DSM Recovery 221000 2173167 2173167 Power solutions & other 221000 1596682 1596682 PPP Loan Forgiveness 221000 6034241 6034241 77840 77840 9881930 461053058 457907678 3145380 X 0 0 0 23478865 3269124 0 48337843 6662350 1718565 2737824 0 451405 409537 0 0 0 0 0 0 0 0 0 3336081 0 334073 24060510 0 42048617 0 Cost of power 230473112 Customer service and informati 26702995 Admin & General 14537915 Taxes 14348444 12420110 455327370 0 0 0 3414243 1931104 55793 55932 0 56367383 57571257 0 0 0 12738450 14969686 65278683 35570743 1313035445 460242737 806053630 852792708 0 5222491 14145757 27494159 25940814 0 101312361 111953503 1077937193 1114931504 28587420 39780292 681821934 699408326 8560877 101395544 80242941 820365775 819431559 X 257571418 295499945 257571418 295499945 1077937193 1114931504 X 5725688 32202839 X false true X true false 1313035445 460242737 852792708 852792708 Capital Term Certificates 4089533 C NRUCFC 4032754 C Federated Rural Electric Insurance Corp. 1467580 C CoBank 10909287 C Other 351978 C Alliance for COOP Energy Svcs. Power Mkt 1296974 C OTHER - NYMEX 3792708 F AR Assoc. Company 28395 Other accounts receivable & accr. int. 6370256 Other Accrued Utility Revenue 29983848 RECS 2170495 Regulatory Assets - AMI 41434580 Regulatory assets - DR and Empower prog, 31965929 111953503 ACCRUED INTEREST 2799324 Accrued Payroll 4453956 Accrued Pension and post-retirement ben. 35725816 Accrued Taxes 396306 Accrued vacation 6123558 Advance billing 5958262 Capital Lease Obligation 1279551 CIS Refunds Pat Cap 804252 Customer Deposits 6798634 Deferred Credits 12019171 Derivative Liabilities 2684276 Due to Retail Choice Suppliers 724551 Inter entity payable 63698 OTHER 411586 80242941 X true true X X X X X true true false Arthur Kingsley VP Trans & Subst 201667 12876 7891 77185 7757 307376 Beth A Kennedy SR, VP & CFO 204863 17377 6068 37230 7145 272683 Campbell B Hawkins Senior VP CSIO 313664 21546 -7819 29016 23394 379801 Christopher Norton Elec Ops dir 109851 14245 151981 24883 12394 313354 Cindy M Rauner SR, VP & CHRO 199698 13994 2826 28404 1973 246895 Eugene Bradford VP Rates & Eng. Pr 213926 15805 1739 35636 18218 285324 Jeffrey S Shaw VP Dist Eng. Sust. 188599 12143 3389 27334 1361 232826 John Bredenkamp Proj. Mgmt. & SD 188047 14287 869 32837 2842 238882 Joseph Trentacosta SR VP & CIO 327391 28008 14852 54523 21212 445986 Mark A MacDougall SR VP & COUNSEL 340913 35743 21259 45305 7075 450295 Roger Schneider SR VP & COO 263830 14218 58 53536 20984 352626 Sonja M Cox President & CEO 400000 31562 4068 67659 23704 526993 Part I, Line 1a: Relevant information in regards to selections on 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 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. 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 SMECO Solar LLC 15035 Burnt Store Road Hughesville MD 20637 453047686 Solar Energy MD SMECO C corp 61146 11154323 1.00000 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 818139 Cost SMECO Charitable Foundation Inc q 3710 Cost SMECO Solar LLC a 79799 FMV SMECO Solar LLC o 13550 Fully Dist Cost SMECO Solar LLC p 1676013 FMV SMECO Solar LLC q 41205 Fully Dist Cost