Nonprofit · EIN 52-0492367
SOUTHERN MARYLAND ELECTRIC COOPERATIVE INC
Tax-exempt · HUGHESVILLE, MD 20637
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $542,483,099 | $531,320,214 | $11,162,885 | $1,242,664,312 | $920,632,504 | $322,031,808 |
| December 31, 2023 | 990 | $482,120,622 | $479,551,762 | $2,568,860 | $1,187,119,903 | $875,376,078 | $311,743,825 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $536,537,265
- Investment income
- $362,860
- Net rental income
- $2,821,249
- Net gain from sales of assets
- -$62,489
- Other revenue
- $5,582,974
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $4,056,362
- Other salaries and wages
- $59,603,584
- Salaries, compensation and benefits (total)
- $74,315,720
- Professional fundraising fees
- $0
- Legal fees
- $1,203,383
- Accounting fees
- $132,575
- Travel
- $3,087,527
- Depreciation
- $50,067,501
Balance sheet and other
- Total assets, start of year
- $1,187,119,903
- Total assets, end of year
- $1,242,664,312
- Total liabilities, end of year
- $920,632,504
- Net assets, end of year
- $322,031,808
- Land, buildings and equipment
- $964,871,862
- Gross unrelated business income
- $93,911
- Gross receipts
- $542,816,043
- Employees
- 579
- Year formed
- 1937
- State of legal domicile
- MD
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SONJA M COX | PRESIDENT & Officer | 50 | $967,272 | $115,107 |
| JOSEPH TRENTACOSTA | SR VP & CIO Officer | 50 | $438,541 | $98,456 |
| MARK A MACDOUGALL | SR VP & COUN Officer | 50 | $457,073 | $77,824 |
| BETH A KENNEDY | SR VP & CFO Officer | 50 | $415,450 | $79,862 |
| ROGER SCHNEIDER | SR VP & COO Officer | 50 | $400,406 | $94,315 |
| CINDY M RAUNER | SR VP & CHRO Officer | 50 | $382,708 | $52,793 |
| DAMON KRIEGER | VP LEGAL AFF Highest-paid employee | 50 | $351,124 | $50,182 |
| EUGENE BRADFORD | VP RATES & E Highest-paid employee | 50 | $275,556 | $61,843 |
| JOHN BREDENKAMP | VP TRANSM E& Highest-paid employee | 50 | $266,015 | $43,539 |
| CALVIN THOMAS | SERVICEMAN Highest-paid employee | 69 | $247,182 | $55,344 |
| THOMAS DENNISON | VP GOVT. & P Highest-paid employee | 50 | $254,246 | $45,421 |
| W RAYNER BLAIR III | CHAIRMAN Trustee or director, Officer | 5 | $42,200 | $0 |
| RICHARD A WINKLER | DIRECTOR Trustee or director | 5 | $37,600 | $0 |
| NANCY W ZINN | SEC. / TREAS Trustee or director, Officer | 4 | $34,400 | $0 |
| P SCOTT WHITE | DIRECTOR Trustee or director | 4 | $33,800 | $0 |
13 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| W MICHAEL PHIPPS | DIRECTOR Trustee or director | 4 | $33,300 |
| F GEORGE HEINZE | DIRECTOR Trustee or director | 4 | $32,200 |
| CHARLES B BOWLING JR | DIRECTOR Trustee or director | 3 | $31,800 |
| KENNETH W CROSS | ASST. SEC. / Trustee or director, Officer | 3 | $31,400 |
| SUSAN HANCE-WELLS | DIRECTOR Trustee or director | 3 | $31,400 |
| J DOUGLAS FREDERICK | DIRECTOR Trustee or director | 3 | $30,900 |
| WILLIAM R CULLINS III | VICE CHAIRMA Trustee or director, Officer | 3 | $29,800 |
| JOSEPH GILBERT MURPHY | DIRECTOR Trustee or director | 2 | $28,700 |
| DANIEL W DYER | DIRECTOR Trustee or director | 2 | $27,150 |
| KENNETH L DYSON | FMR ASST. SE Trustee or director, Officer | 2 | $20,900 |
| DAVID A CROSS JR | DIRECTOR Trustee or director | 2 | $17,550 |
| EDWARD HOLLAND | DIRECTOR Trustee or director | 2 | $7,300 |
| JAMES A RICHARDS | FMR DIRECTOR Trustee or director | 2 | $6,150 |
990 for the year ended December 31, 2023: 28 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SONJA M COX | PRESIDENT & Officer | 50 | $671,400 | $212,305 |
| CAMPBELL B HAWKINS | SR VP & CSIO Officer | 50 | $458,832 | $161,755 |
| MARK A MACDOUGALL | SR VP & COUN Officer | 50 | $440,628 | $121,440 |
| JOSEPH TRENTACOSTA | SR VP & CIO Officer | 50 | $414,705 | $143,195 |
| ROGER SCHNEIDER | SR VP & COO Officer | 50 | $368,339 | $129,782 |
| BETH A KENNEDY | SR VP & CFO Officer | 50 | $367,916 | $111,160 |
| CINDY M RAUNER | SR VP & CHRO Officer | 50 | $353,409 | $69,648 |
| EUGENE BRADFORD | VP RATES & E Highest-paid employee | 50 | $237,981 | $58,628 |
| THOMAS DENNISON | VP GOVT. & P Highest-paid employee | 50 | $230,812 | $53,017 |
| JOHN BREDENKAMP | VP TRANSM E& Highest-paid employee | 50 | $234,202 | $42,487 |
| DAMON KRIEGER | VP LEGAL AFF Highest-paid employee | 50 | $233,791 | $40,417 |
| JEFFREY S SHAW | VP DIST. ENE Highest-paid employee | 50 | $220,605 | $31,952 |
| PETER S WHITE | CHAIRMAN UNT Trustee or director, Officer | 6 | $42,700 | $0 |
| RICHARD A WINKLER | DIRECTOR Trustee or director | 5 | $39,100 | $0 |
| W RAYNER BLAIR III | CHAIRMAN Trustee or director, Officer | 4 | $35,700 | $0 |
| W MICHAEL PHIPPS | VICE CHAIR U Trustee or director, Officer | 4 | $35,000 | $0 |
| F GEORGE HEINZE | DIRECTOR Trustee or director | 3 | $34,800 | $0 |
| KENNETH W CROSS | DIRECTOR Trustee or director | 4 | $34,500 | $0 |
| NANCY W ZINN | SEC. / TREAS Trustee or director, Officer | 3 | $34,000 | $0 |
| JOSEPH GILBERT MURPHY | DIRECTOR Trustee or director | 3 | $33,600 | $0 |
| WILLIAM R CULLINS III | VICE CHAIRMA Trustee or director, Officer | 3 | $33,200 | $0 |
| DANIEL W DYER | DIRECTOR Trustee or director | 3 | $30,700 | $0 |
| SUSAN HANCE-WELLS | DIRECTOR Trustee or director | 3 | $29,800 | $0 |
| J DOUGLAS FREDERICK | DIRECTOR Trustee or director | 2 | $29,000 | $0 |
| KENNETH L DYSON | ASST. SEC/TR Trustee or director, Officer | 2 | $27,700 | $0 |
| JAMES A RICHARDS | DIRECTOR Trustee or director | 2 | $26,000 | $0 |
| WILLIAM L PURNELL | DIRECTOR UNT Trustee or director | 4 | $24,800 | $0 |
| CHARLES B BOWLING JR | DIRECTOR Trustee or director | 4 | $6,500 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1937, HUGHESVILLE, MD 20637-1937
- Principal officer (990 for 2024)
- SONJA M COX, PO BOX 1937, HUGHESVILLE, MD 20637
- Signed the 990
- SONJA M COX, PRESIDENT & CEO
- Phone
- (301) 274-4328
- Website
- WWW.SMECO.COOP
- Return prepared by
- ADAMS JENKINS & CHEATHAM
Mission
SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF SOUTHERN MARYLAND ELECTRIC COOPERATIVE.
Program accomplishments
- 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
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 52-0492367
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1938
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W80Z)
- Assets (IRS master file)
- $1,242,664,312
- Income (IRS master file)
- $542,816,043
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $542,483,099 | $531,320,214 | $1,242,664,312 | XML |
| 990 | December 2023 | $482,120,622 | $479,551,762 | $1,187,119,903 | XML |
| 990 | December 2022 | $558,196,918 | $551,662,359 | $1,212,996,814 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 52-0492367).
Questions about SOUTHERN MARYLAND ELECTRIC COOPERATIVE INC
- What is the EIN of SOUTHERN MARYLAND ELECTRIC COOPERATIVE INC?
- The employer identification number (EIN) of SOUTHERN MARYLAND ELECTRIC COOPERATIVE INC is 52-0492367.
- Is SOUTHERN MARYLAND ELECTRIC COOPERATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1938.
- Are donations to SOUTHERN MARYLAND ELECTRIC COOPERATIVE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does SOUTHERN MARYLAND ELECTRIC COOPERATIVE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SOUTHERN MARYLAND ELECTRIC COOPERATIVE INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SOUTHERN MARYLAND ELECTRIC COOPERATIVE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of SOUTHERN MARYLAND ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2024 names SONJA M COX.
- Who are the officers and directors of SOUTHERN MARYLAND ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2024 lists 28 people; 28 received compensation from the organization, the highest $967,272 (SONJA M COX, PRESIDENT &).
- How much revenue does SOUTHERN MARYLAND ELECTRIC COOPERATIVE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $542,483,099, expenses of $531,320,214 and total assets of $1,242,664,312 at year end.
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