Southern Maryland Electric Cooperative Inc

Hughesville, MD
Tax-exempt since Aug. 1938
EIN: 52-0492367

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Type of Nonprofit

Designated as a 501(c)(12) Benevolent life insurance associations, irrigation companies, telephone companies, etc., which have a mutually beneficial nature.

Category: Public, Society Benefit — Multipurpose and Other / Public Utilities (NTEE)

Donations to this organization are not tax deductible.

Revenue

$558M (2022)

Expenses

$552M (2022)

Total Assets

$1.21B (2022)

Total Liabilities

$896M (2022)

Source: Form 990 tax filings from 2011 to 2022

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2022

Revenue

$558,196,918

Expenses

$551,662,359

Net Income

$6,534,559

Net Assets

$317,219,406

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$552,873,580	99.0%
Investment Income	$67,165	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$2,478,653	0.4%
Net Fundraising	$0
Sales of Assets	-$55,365
Net Inventory Sales	$0
Other Revenue	$2,832,885	0.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$4,724,055	0.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$51,548,483	9.3%

Assets/Debt
Total Assets	$1,212,996,814
Total Liabilities	$895,777,408
Net Assets	$317,219,406

Club or Co-Op Income
Income From Members	$532,309,204
Income From Other Sources	$6,550,089

Compensation

Key Employees and Officers	Compensation	Related	Other
Sonja M Cox (President & Ceo)	$697,696	$0	$290,883
Mark A Mac Dougall (Sr Vp & Counsel)	$586,736	$0	$265,128
Joseph Trentacosta (Sr Vp & Cio)	$484,199	$0	$216,307
Roger Schneider (Sr Vp & Coo)	$389,970	$0	$156,156
Campbell B Hawkins (Senior Vp Csio)	$333,775	$0	$51,585
Beth A Kennedy (Sr Vp & Cfo)	$304,029	$0	$99,242
Cindy M Rauner (Sr, Vp & Chro)	$292,278	$0	$59,271
Eugene Bradford (Vp Rates & Eng. Pr)	$238,185	$0	$57,066
John Bredenkamp (Vp Transm E&O)	$226,885	$0	$41,503
Thomas Dennison (Vp Govt. & Pub Af.)	$211,985	$0	$48,841
Jeffrey S Shaw (Vp Dist Eng. Sust.)	$208,561	$0	$29,738
Kenneth Mc Kenzie (It Infrastruct Dir)	$205,260	$0	$44,392
Peter S White (Chairman)	$42,400	$0	$0
Richard A Winkler (Director)	$40,100	$0	$0
Joseph Gilbert Murphy (Director)	$37,100	$0	$0
Kenneth W Cross (Director)	$36,900	$0	$0
William R Cullins Iii (Director)	$34,300	$0	$0
Susan Hance Wells (Director)	$34,200	$0	$0
W Michael Phipps (Vice Chairman)	$34,000	$0	$0
Joseph D Frederick (Director)	$33,400	$0	$0
William L Purnell (Director)	$32,800	$0	$0
Nancy W Zinn (Sec. / Treas)	$31,800	$0	$0
Daniel W Dyer (Director)	$31,000	$0	$0
W Rayner Blair Iii (Director)	$30,000	$0	$0
Kenneth L Dyson (Asst. Sec/Treas)	$28,000	$0	$0
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990

Filed on Nov. 16, 2023

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Fiscal Year Ending Dec.
2021

Revenue

$461,053,058

Expenses

$455,327,370

Net Income

$5,725,688

Net Assets

$295,499,945

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$447,945,949	97.2%
Investment Income	$267,007	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$2,958,172	0.6%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$9,881,930	2.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,269,124	0.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$48,337,843	10.6%

Assets/Debt
Total Assets	$1,114,931,504
Total Liabilities	$819,431,559
Net Assets	$295,499,945

Club or Co-Op Income
Income From Members	$427,825,535
Income From Other Sources	$7,847,741

Compensation

Key Employees and Officers	Compensation	Related	Other
Sonja M Cox (President & Ceo)	$435,630	$0	$91,363
Mark A Mac Dougall (Sr Vp & Counsel)	$397,915	$0	$52,380
Joseph Trentacosta (Sr Vp & Cio)	$370,251	$0	$75,735
Campbell B Hawkins (Senior Vp Csio)	$327,391	$0	$52,410
Roger Schneider (Sr Vp & Coo)	$278,106	$0	$74,520
Christopher Norton (Elec Ops Dir)	$276,077	$0	$37,277
Eugene Bradford (Vp Rates & Eng. Pr)	$231,470	$0	$53,854
Beth A Kennedy (Sr, Vp & Cfo)	$228,308	$0	$44,375
Arthur Kingsley (Vp Trans & Subst)	$222,434	$0	$84,942
Cindy M Rauner (Sr, Vp & Chro)	$216,518	$0	$30,377
Jeffrey S Shaw (Vp Dist Eng. Sust.)	$204,131	$0	$28,695
John Bredenkamp (Proj. Mgmt. & Sd)	$203,203	$0	$35,679
Kenneth M Capps (Sr Vp & Coo)	$59,409	$0	$84,036
Peter S White (Chairman)	$40,450	$0	$0
Richard A Winkler (Director)	$34,050	$0	$0
Daniel W Dyer (Director)	$31,250	$0	$0
W Michael Phipps (Vice Chairman)	$30,600	$0	$0
Joseph Gilbert Murphy (Director)	$30,000	$0	$0
Nancy W Zinn (Sec. / Treas)	$29,900	$0	$0
William R Cullins Iii (Director)	$29,250	$0	$0
Joseph D Frederick (Director)	$29,000	$0	$0
James A Richards (Director)	$28,800	$0	$0
W Rayner Blair Iii (Director)	$28,500	$0	$0
William L Purnell (Director)	$28,000	$0	$0
Susan Hance Wells (Director)	$27,600	$0	$0
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990

Filed on Nov. 13, 2022

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Fiscal Year Ending Dec.
2020

Revenue

$421,088,627

Expenses

$417,143,719

Net Income

$3,944,908

Net Assets

$257,571,418

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$415,997,953	98.8%
Investment Income	$389,219	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$2,352,251	0.6%
Net Fundraising	$0
Sales of Assets	$15,468	0.0%
Net Inventory Sales	$0
Other Revenue	$2,333,736	0.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,248,379	0.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$47,086,177	11.3%

Assets/Debt
Total Assets	$1,077,937,193
Total Liabilities	$820,365,775
Net Assets	$257,571,418

Club or Co-Op Income
Income From Members	$396,516,526
Income From Other Sources	$5,696,220

Compensation

Key Employees and Officers	Compensation	Related	Other
Sonja M Cox (President & Ceo)	$411,868	$0	$87,051
Mark A Mac Dougall (Sr Vp & Counsel)	$355,669	$0	$86,740
Kenneth M Capps (Sr Vp & Coo)	$349,528	$0	$130,097
Joseph Trentacosta (Sr Vp & Cio)	$326,526	$0	$75,251
Austin J Slater Jr (President & Ceo)	$314,744	$0	$34,200
Eugene Bradford (Vp Rates & Eng. Pr)	$215,586	$0	$74,953
Arthur Kingsley (Vp Trans & Subst)	$206,771	$0	$80,843
Kenneth Mc Kenzie (It Infra. Dir.)	$194,898	$0	$40,783
Jeffrey S Shaw (Vp Dist Eng. Sust.)	$193,477	$0	$27,107
Christopher Norton (Elec Ops Dir)	$192,992	$0	$38,358
Beth A Kennedy (Vp & Cfo)	$190,653	$0	$39,796
Cindy M Rauner (Vp Hr)	$174,941	$0	$24,681
Campbell B Hawkins (Senior Vp Csio)	$174,798	$0	$14,086
Peter S White (Chairman)	$41,500	$0	$0
Richard A Winkler (Director)	$33,950	$0	$0
W Michael Phipps (Vice Chairman)	$32,200	$0	$0
Nancy W Zinn (Director)	$32,000	$0	$0
William L Purnell (Director)	$31,750	$0	$0
William R Cullins Iii (Director)	$31,050	$0	$0
Daniel W Dyer (Director)	$30,600	$0	$0
W Rayner Blair Iii (Director)	$30,550	$0	$0
Fern G Brown (Sec/Treas)	$30,350	$0	$0
Joseph D Frederick (Director)	$30,050	$0	$0
Gilbert O Bowling (Director)	$29,950	$0	$0
Kenneth L Dyson (Asst. Sec/Treas)	$29,350	$0	$0
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990

Filed on Oct. 20, 2021

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Fiscal Year Ending Dec.
2019

Revenue

$459,796,369

Expenses

$455,338,791

Net Income

$4,457,578

Net Assets

$228,834,554

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$454,675,379	98.9%
Investment Income	$535,565	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$2,386,618	0.5%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$2,198,807	0.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,878,170	0.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$45,717,205	10.0%

Assets/Debt
Total Assets	$1,049,770,342
Total Liabilities	$820,935,788
Net Assets	$228,834,554

Club or Co-Op Income
Income From Members	$434,700,669
Income From Other Sources	$5,642,896

Compensation

Key Employees and Officers	Compensation	Related	Other
Austin J Slater Jr (President & Ceo)	$616,373	$0	$90,573
Kenneth M Capps (Sr Vp & Coo)	$339,526	$0	$150,835
Sonja M Cox (Sr Vp & Cfo)	$322,602	$0	$102,563
Mark A Mac Dougall (Sr Vp & Counsel)	$316,472	$0	$91,461
Joseph Trentacosta (Sr Vp & Cio)	$311,834	$0	$77,231
Arthur Kingsley (Vp Trans & Subst)	$207,889	$0	$82,260
Kenneth Mc Kenzie (It Infra. Dir.)	$188,678	$0	$47,341
Eugene Bradford (Vp Rates & Eng. Pr)	$183,744	$0	$74,981
Thomas Dennison (Govt & Pub Aff Dir)	$183,438	$0	$45,618
John Bredenkamp (Proj. Mgr Ser Dir)	$182,819	$0	$32,583
Peter S White (Chairman)	$40,150	$0	$0
William L Purnell (Director)	$34,600	$0	$0
W Michael Phipps (Vice Chairman)	$32,350	$0	$0
Richard A Winkler (Director)	$31,850	$0	$0
W Rayner Blair Iii (Director)	$31,350	$0	$0
William R Cullins Iii (Director)	$31,100	$0	$0
Kenneth L Dyson (Asst. Sec/Treas)	$30,900	$0	$0
Joseph D Frederick (Director)	$30,700	$0	$0
James A Richards (Director)	$30,000	$0	$0
Fern G Brown (Sec/Treas)	$29,800	$0	$0
Joseph V Stone Jr (Director)	$29,550	$0	$0
Nancy W Zinn (Director)	$28,200	$0	$0
Samuel J Hammett (Director)	$26,550	$0	$0
Gilbert O Bowling (Director)	$26,400	$0	$0
Daniel W Dyer (Director)	$25,200	$0	$0

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990

Filed on Oct. 14, 2020

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Fiscal Year Ending Dec.
2018

Revenue

$472,543,814

Expenses

$468,940,417

Net Income

$3,603,397

Net Assets

$205,323,653

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$468,307,740	99.1%
Investment Income	$227,735	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$1,147,957	0.2%
Net Fundraising	$0
Sales of Assets	$333,450	0.1%
Net Inventory Sales	$0
Other Revenue	$2,526,932	0.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,530,864	0.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$47,069,309	10.0%

Assets/Debt
Total Assets	$1,032,050,106
Total Liabilities	$826,726,453
Net Assets	$205,323,653

Club or Co-Op Income
Income From Members	$448,808,186
Income From Other Sources	$5,834,452

Compensation

Key Employees and Officers	Compensation	Related	Other
Austin J Slater Jr (President & Ceo)	$1,134,841	$0	$306,555
Kenneth M Capps (Sr Vp & Coo)	$333,173	$0	$131,385
Mark A Mac Dougall (Sr Vp & Counsel)	$323,118	$0	$82,086
Sonja M Cox (Sr Vp & Cfo)	$318,168	$0	$78,646
Joseph Trentacosta (Sr Vp & Cio)	$312,005	$0	$71,767
Arthur Kingsley (Tran & Subt. Oper.)	$205,598	$0	$75,864
Ron Fuller (Dir. Asset Mgmt.)	$188,409	$0	$68,816
Kenneth Mc Kenzie (It Infra. Dir.)	$187,419	$0	$45,762
Christopher Norton (Oper. & Const. Dir)	$181,454	$0	$36,150
Thomas Dennison (Govt & Pub Aff Dir)	$179,676	$0	$41,792
Richard A Winkler (Director)	$37,400	$0	$8
Peter S White (Chairman)	$35,100	$0	$8
W Michael Phipps (Vice Chairman)	$30,800	$0	$8
W Rayner Blair Iii (Director)	$30,400	$0	$8
Joseph V Stone Jr (Director)	$29,000	$0	$8
Joseph D Frederick (Director)	$28,900	$0	$8
William L Purnell (Director)	$28,800	$0	$8
James A Richards (Director)	$28,800	$0	$8
Fern G Brown (Asst. Sec/Treas)	$28,500	$0	$8
Nancy W Zinn (Director)	$28,400	$0	$8
William R Cullins Iii (Director)	$27,500	$0	$8
Kenneth L Dyson (Sec/Treas)	$27,000	$0	$8
Daniel W Dyer (Director)	$26,800	$0	$8
Gilbert O Bowling (Director)	$26,400	$0	$8
Samuel J Hammett (Director)	$25,200	$0	$8

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990

Filed on Nov. 5, 2019

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Fiscal Year Ending Dec.
2017

Revenue

$430,492,755

Expenses

$426,250,912

Net Income

$4,241,843

Net Assets

$183,224,384

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$426,492,155	99.1%
Investment Income	$265,125	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$1,272,856	0.3%
Net Fundraising	$0
Sales of Assets	$181,980	0.0%
Net Inventory Sales	$0
Other Revenue	$2,280,639	0.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,801,074	0.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$46,573,933	10.9%

Assets/Debt
Total Assets	$1,013,535,107
Total Liabilities	$830,310,723
Net Assets	$183,224,384

Club or Co-Op Income
Income From Members	$423,020,130
Income From Other Sources	$7,208,921

Compensation

Key Employees and Officers	Compensation	Related	Other
Austin J Slater Jr (President & Ceo)	$523,477	$0	$283,156
Kenneth M Capps (Sr Vp & Coo)	$313,215	$0	$122,759
Mark A Mac Dougall (Sr Vp & Counsel)	$301,302	$0	$79,044
Sonja M Cox (Sr Vp & Cfo)	$297,593	$0	$71,888
Joseph Trentacosta (Sr Vp & Cio)	$291,195	$0	$70,367
Arthur Kingsley (Tran & Subt. Oper.)	$192,323	$0	$72,672
Thomas Dennison (Govt & Pub Aff Dir)	$175,280	$0	$40,966
Kenneth Mc Kenzie (It Infra. Dir.)	$174,819	$0	$43,160
Ron Fuller (Dir. Asset Mgmt.)	$172,888	$0	$68,820
Christopher Norton (Oper. & Const. Dir)	$169,337	$0	$33,526
Richard A Winkler (Chairman)	$38,450	$0	$8
Peter S White (Director)	$36,450	$0	$8
Joseph V Stone Jr (Director)	$32,400	$0	$8
Fern G Brown (Asst. Sec/Treas)	$31,450	$0	$8
Joseph D Frederick (Director)	$30,850	$0	$8
Nancy W Zinn (Director)	$30,650	$0	$8
W Michael Phipps (Director)	$30,450	$0	$8
James A Richards (Director)	$30,150	$0	$8
Kenneth L Dyson (Sec/Treas)	$29,050	$0	$8
William R Cullins Iii (Director)	$28,250	$0	$8
Daniel W Dyer (Director)	$27,400	$0	$8
Samuel J Hammett (Director)	$26,950	$0	$8
W Rayner Blair Iii (Vice Chairman)	$26,050	$0	$8
Victor B Allen (Director)	$25,450	$0	$8
Gilbert O Bowling (Director)	$15,750	$0	$8
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990

Filed on Oct. 25, 2018

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Fiscal Year Ending Dec.
2016

Revenue

$447,786,039

Expenses

$437,789,681

Net Income

$9,996,358

Net Assets

$150,812,679

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$444,246,790	99.2%
Investment Income	$223,407	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$867,379	0.2%
Net Fundraising	$0
Sales of Assets	$130,839	0.0%
Net Inventory Sales	$0
Other Revenue	$2,317,624	0.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,654,187	0.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$47,274,744	10.8%

Assets/Debt
Total Assets	$980,730,772
Total Liabilities	$829,918,093
Net Assets	$150,812,679

Club or Co-Op Income
Income From Members	$440,534,057
Income From Other Sources	$33,923,237

Compensation

Key Employees and Officers	Compensation	Related	Other
Austin J Slater Jr (President & Ceo)	$474,639	$0	$266,706
Kenneth M Capps (Sr Vp & Coo)	$305,475	$0	$121,250
Sonja M Cox (Sr Vp & Cfo)	$294,388	$0	$66,530
Mark A Mac Dougall (Sr Vp & Counsel)	$293,373	$0	$74,419
Joseph Trentacosta (Sr Vp & Cio)	$270,328	$0	$66,359
Arthur Kingsley (Tran & Subt. Oper.)	$186,988	$0	$69,372
Kenneth Mc Kenzie (It Infra. Dir.)	$173,549	$0	$41,472
Thomas Dennison (Govt & Pub Aff Dir)	$168,057	$0	$38,691
Ron Fuller (Dir. Asset Mgmt.)	$166,000	$0	$65,100
John T Bredenkamp (Proj Mgmt Ser Dir)	$163,573	$0	$29,415
Richard A Winkler (Chairman)	$36,050	$0	$8
Peter S White (Director)	$30,550	$0	$8
Victor B Allen (Director)	$30,450	$0	$8
Fern G Brown (Asst. Sec/Treas)	$29,250	$0	$8
Joseph D Frederick (Director)	$29,250	$0	$8
Nancy W Zinn (Director)	$28,650	$0	$8
Kenneth L Dyson (Sec/Treas)	$27,750	$0	$8
Joseph V Stone Jr (Director)	$27,050	$0	$8
W Michael Phipps (Director)	$26,750	$0	$8
James A Richards (Director)	$26,250	$0	$8
Gilbert O Bowling (Director)	$26,200	$0	$8
Samuel J Hammett (Director)	$25,950	$0	$8
William R Cullins Iii (Director)	$25,650	$0	$8
W Rayner Blair Iii (Vice Chairman)	$25,550	$0	$8
Daniel W Dyer (Director)	$25,250	$0	$8

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990

Filed on Nov. 15, 2017

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Fiscal Year Ending Dec.
2015

Revenue

$451,681,439

Expenses

$447,187,007

Net Income

$4,494,432

Net Assets

$132,449,766

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$433,572,001	96.0%
Investment Income	$477,535	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$1,004,763	0.2%
Net Fundraising	$0
Sales of Assets	$14,568,063	3.2%
Net Inventory Sales	$0
Other Revenue	$2,059,077	0.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,560,830	0.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$44,892,478	10.0%

Assets/Debt
Total Assets	$971,348,373
Total Liabilities	$838,898,607
Net Assets	$132,449,766

Club or Co-Op Income
Income From Members	$430,277,981
Income From Other Sources	$53,801,619

Compensation

Key Employees and Officers	Compensation	Related	Other
Austin J Slater Jr (President & Ceo)	$416,498	$0	$265,836
Kenneth M Capps (Sr Vp & Coo)	$292,089	$0	$121,497
Sonja M Cox (Sr Vp & Cfo)	$285,912	$0	$72,579
Mark A Mac Dougall (Sr Vp Ext. Aff)	$282,158	$0	$80,028
Joseph Trentacosta (Sr Vp & Cio)	$251,308	$0	$66,655
William A Lawman Sr (Vp Elec Ops & Cons)	$190,584	$0	$94,627
Arthur Kingsley (Tran & Subt. Oper.)	$172,949	$0	$65,134
Kenneth Mc Kenzie (It Infra. Dir.)	$168,485	$0	$40,398
John T Bredenkamp (Proj Mgmt Ser Dir)	$161,609	$0	$27,055
Patricia Mc Conkey (Treas & Fa Direct.)	$159,727	$0	$24,308
Richard A Winkler (Chairman)	$39,250	$0	$8
Peter S White (Director)	$34,750	$0	$8
Joseph V Stone Jr (Director)	$32,300	$0	$8
Victor B Allen (Director)	$30,600	$0	$8
Samuel J Hammett (Director)	$29,650	$0	$8
W Michael Phipps (Director)	$29,250	$0	$8
W Rayner Blair Iii (Vice Chairman)	$28,050	$0	$8
Fern G Brown (Asst. Sec/Treas)	$27,700	$0	$8
Joseph D Frederick (Director)	$26,950	$0	$8
William R Cullins Iii (Director)	$26,500	$0	$8
James A Richards (Director)	$26,200	$0	$8
Kenneth L Dyson (Sec/Treas)	$25,750	$0	$8
Gilbert O Bowling (Director)	$24,400	$0	$8
Nancy Zinn (Director)	$23,900	$0	$8
Daniel W Dyer (Director)	$20,900	$0	$8

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990

Filed on Oct. 26, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

View Filing (2 of 2)

Fiscal Year Ending Dec.
2014

Revenue

$490,075,132

Expenses

$488,569,470

Net Income

$1,505,662

Net Assets

$127,585,632

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$486,502,312	99.3%
Investment Income	$1,103,757	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$699,564	0.1%
Net Fundraising	$0
Sales of Assets	$10,430	0.0%
Net Inventory Sales	$0
Other Revenue	$1,759,069	0.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,363,119	0.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$42,738,762	8.7%

Assets/Debt
Total Assets	$906,434,608
Total Liabilities	$778,848,976
Net Assets	$127,585,632

Club or Co-Op Income
Income From Members	$484,463,237
Income From Other Sources	$46,036,606

Compensation

Key Employees and Officers	Compensation	Related	Other
Austin J Slater Jr (President & Ceo)	$433,552	$0	$250,347
Kenneth M Capps (Sr Vp & Coo)	$291,511	$0	$108,704
Mark A Mac Dougall (Sr Vp Ext. Aff)	$279,955	$0	$68,158
Sonja M Cox (Sr Vp & Cfo)	$278,850	$0	$60,572
Joseph Trentacosta (Sr Vp & Cio)	$252,806	$0	$59,626
William A Lawman Sr (Vp Elec Ops & Cons)	$186,074	$0	$87,102
Arthur Kingsley (Tran & Subt. Oper.)	$173,321	$0	$62,321
Kenneth Mc Kenzie (It Infra. Dir.)	$171,805	$0	$39,325
John T Bredenkamp (Proj Mgmt Ser Dir)	$163,200	$0	$24,776
Patricia Mc Conkey (Treas & Fa Direct.)	$162,571	$0	$24,542
Richard A Winkler (Chairman)	$27,650	$0	$8
Peter S White (Director)	$23,100	$0	$8
W Michael Phipps (Director)	$19,900	$0	$8
Joseph D Frederick (Director)	$19,400	$0	$8
James A Richards (Director)	$19,300	$0	$8
Fern G Brown (Asst. Sec/Treas)	$19,150	$0	$8
Kenneth L Dyson (Sec/Treas)	$18,450	$0	$8
Samuel J Hammett (Director)	$18,250	$0	$8
Joseph V Stone Jr (Director)	$17,300	$0	$8
Nancy Zinn (Director)	$17,200	$0	$8
W Rayner Blair Iii (Vice Chairman)	$16,400	$0	$8
William R Cullins Iii (Director)	$16,200	$0	$8
Daniel W Dyer (Director)	$14,400	$0	$8
Gilbert O Bowling (Director)	$14,100	$0	$8
John H Bloom Jr (Director)	$13,410	$0	$8
See filing for compensation of 2 other people →

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990

Filed on Nov. 12, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2013

Revenue

$466,658,154

Expenses

$463,442,374

Net Income

$3,215,780

Net Assets

$161,985,990

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$463,872,179	99.4%
Investment Income	$249,465	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$629,830	0.1%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$1,906,680	0.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,255,613	0.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$40,708,415	8.8%

Assets/Debt
Total Assets	$869,608,040
Total Liabilities	$707,622,050
Net Assets	$161,985,990

Club or Co-Op Income
Income From Members	$458,976,195
Income From Other Sources	$10,682,032

Compensation

Key Employees and Officers	Compensation	Related	Other
Austin J Slater Jr (President & Ceo)	$426,637	$0	$251,537
Kenneth M Capps (Sr Vp & Coo)	$272,153	$0	$104,108
Mark A Mac Dougall (Sr Vp Ext. Aff)	$266,905	$0	$64,371
Sonja M Cox (Sr Vp & Cfo)	$261,081	$0	$58,940
Joseph Trentacosta (Sr Vp & Cio)	$233,131	$0	$54,730
William A Lawman Sr (Elec. Oper. Dir.)	$174,034	$0	$84,294
John T Bredenkamp (Proj Mgmt Ser Dir)	$162,481	$0	$22,882
Kenneth Mc Kenzie (It Infra. Dir.)	$161,790	$0	$36,533
Arthur Kingsley (Tran & Subt. Oper.)	$158,298	$0	$64,698
Ronald Fuller (Mgr Dir Asset Mgmt)	$147,361	$0	$51,857
Joseph V Stone Jr (Director)	$23,300	$0	$8
Richard A Winkler (Chairman)	$21,250	$0	$8
Peter S White (Director)	$18,400	$0	$8
Nancy Zinn (Director)	$17,850	$0	$8
Samuel J Hammett (Director)	$17,800	$0	$8
William R Cullins Iii (Director)	$17,800	$0	$8
James A Richards (Director)	$17,600	$0	$8
Fern G Brown (Sec./Treasurer)	$17,350	$0	$8
W Michael Phipps (Director)	$17,050	$0	$8
W Rayner Blair Iii (Vice Chairman)	$17,000	$0	$8
Kenneth L Dyson (Asst. Sec/Treas)	$16,750	$0	$8
Joseph D Frederick (Director)	$15,950	$0	$8
John H Bloom Jr (Director)	$14,900	$0	$8
Daniel W Dyer (Director)	$14,700	$0	$8
Gilbert O Bowling (Director)	$14,200	$0	$8
See filing for compensation of 1 other people →

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990

Filed on Nov. 12, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2012

Revenue

$427,245,965

Expenses

$423,721,105

Net Income

$3,524,860

Net Assets

$120,367,405

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$422,946,120	99.0%
Investment Income	$331,047	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$618,265	0.1%
Net Fundraising	$0
Sales of Assets	$2,981,591	0.7%
Net Inventory Sales	$0
Other Revenue	$368,942	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,214,874	0.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$39,582,465	9.3%

Assets/Debt
Total Assets	$770,238,819
Total Liabilities	$649,871,414
Net Assets	$120,367,405

Club or Co-Op Income
Income From Members	$418,003,649
Income From Other Sources	$25,022,089

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$454,313,689

Expenses

$451,388,011

Net Income

$2,925,678

Net Assets

$129,921,802

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$453,032,637	99.7%
Investment Income	$275,292	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$698,126	0.2%
Net Fundraising	$0
Sales of Assets	$3,169	0.0%
Net Inventory Sales	$0
Other Revenue	$304,465	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,105,649	0.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$38,194,406	8.5%

Assets/Debt
Total Assets	$671,795,973
Total Liabilities	$541,874,171
Net Assets	$129,921,802

Club or Co-Op Income
Income From Members	$450,663,693
Income From Other Sources	$5,873,869

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

Raw filing data. Includes EINs and summary financials as structured data.
Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated October 30, 2024

Southern Maryland Electric Cooperative Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $558M (2022)

Expenses $552M (2022)

Total Assets $1.21B (2022)

Total Liabilities $896M (2022)

Tax Filings by Year

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2011

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2010

Revenue

$558M (2022)

Expenses

$552M (2022)

Total Assets

$1.21B (2022)

Total Liabilities

$896M (2022)

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2004