Overview
What is Southern Maryland Electric Cooperative Inc?
Southern Maryland Electric Cooperative Inc is a nonprofit organization based in Hughesville, Maryland. Their primary focus is on delivering safe and reliable electricity to their members in the region. The cooperative's operations include significant investments in power acquisition, with expenses totaling $328.87 million. Depreciation and employee wages are also substantial expenses, amounting to $44.28 million and $51.55 million, respectively. The organization employs a total workforce of 571 individuals dedicated to ensuring the effective distribution of electricity to the Southern Maryland community.
Official website here: www.smeco.coop
What are the reviews and ratings of this charity?
Southern Maryland Electric Cooperative Inc is not currently rated by Charity Navigator due to its status as a non-501(c)(3) organization. Charity Navigator typically assesses organizations' Accountability & Finance, among other beacons, to assign ratings, but can only evaluate those with a 501(c)(3) designation. The absence of a rating does not imply any positive or negative connotation, merely a limitation within their evaluation criteria.
The cooperative lacks available financial data, such as total revenue and expenses or salaries of key persons, commonly used by Charity Navigator to give a comprehensive view of an organization's financial health and accountability. Despite being available in IRS Published Data, these details are not conducive to a holistic rating without the nonprofit designation.
Given the unavailability of an Impact & Measurement, Culture & Community, or Leadership & Adaptability assessment due to its status, Southern Maryland Electric Cooperative Inc stands as an independent organization. This compels potential stakeholders to review other aspects beyond traditional charity evaluation metrics to understand its operations and community impact.
This AI summary has been generated from information found on Charity Navigator.
Is Southern Maryland Electric Cooperative Inc legitimate?
Southern Maryland Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Southern Maryland Electric Cooperative Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $4,724,055
Professional Fundraising Fees: $0
Other Salaries and Wages: $51,548,483
For more financial information, click here
Official website here: www.smeco.coop
What is the mission statement of Southern Maryland Electric Cooperative Inc?
Southern Maryland Electric Cooperative Inc is dedicated to ensuring the safe and efficient delivery of electricity to its members. The cooperative prioritizes the effective distribution of power to its community. The primary expenses of the cooperative include the cost of power, depreciation, and other salaries and wages. The mission of Southern Maryland Electric Cooperative Inc revolves around providing a reliable source of electricity to its members, maintaining safety standards, and ensuring an effective power distribution system.
Official website here: www.smeco.coop
Who is the CEO of Southern Maryland Electric Cooperative Inc?
Sonja M Cox is the President & Ceo of Southern Maryland Electric Cooperative Inc. The CEO's salary of Southern Maryland Electric Cooperative Inc is $697,696 and their total compensation is $988,579.
Official website here: www.smeco.coop
What is the revenue of Southern Maryland Electric Cooperative Inc?
Southern Maryland Electric Cooperative Inc's revenue in 2022 was $558,196,918.
Official website here: www.smeco.coop
Who are the executives of Southern Maryland Electric Cooperative Inc and what are their salaries?
The average compensation at Southern Maryland Electric Cooperative Inc during 2022 was $98,551. There are 571 employees at Southern Maryland Electric Cooperative Inc.
Here are 28 key members and their salaries (Southern Maryland Electric Cooperative Inc's CEO's salary is $697,696 and their total compensation is $988,579):
- Compensation: $697,696
- Related: $0
- Other: $290,883
- Compensation: $586,736
- Related: $0
- Other: $265,128
- Compensation: $484,199
- Related: $0
- Other: $216,307
- Compensation: $389,970
- Related: $0
- Other: $156,156
- Compensation: $304,029
- Related: $0
- Other: $99,242
- Compensation: $333,775
- Related: $0
- Other: $51,585
- Compensation: $292,278
- Related: $0
- Other: $59,271
- Compensation: $238,185
- Related: $0
- Other: $57,066
- Compensation: $226,885
- Related: $0
- Other: $41,503
- Compensation: $211,985
- Related: $0
- Other: $48,841
- Compensation: $205,260
- Related: $0
- Other: $44,392
- Compensation: $208,561
- Related: $0
- Other: $29,738
- Compensation: $42,400
- Related: $0
- Other: $0
- Compensation: $40,100
- Related: $0
- Other: $0
- Compensation: $37,100
- Related: $0
- Other: $0
- Compensation: $36,900
- Related: $0
- Other: $0
- Compensation: $34,300
- Related: $0
- Other: $0
- Compensation: $34,200
- Related: $0
- Other: $0
- Compensation: $34,000
- Related: $0
- Other: $0
- Compensation: $33,400
- Related: $0
- Other: $0
- Compensation: $32,800
- Related: $0
- Other: $0
- Compensation: $31,800
- Related: $0
- Other: $0
- Compensation: $31,000
- Related: $0
- Other: $0
- Compensation: $30,000
- Related: $0
- Other: $0
- Compensation: $28,000
- Related: $0
- Other: $0
- Compensation: $24,800
- Related: $0
- Other: $0
- Compensation: $18,000
- Related: $0
- Other: $0
- Compensation: $8,000
- Related: $0
- Other: $0
Official website here: www.smeco.coop
Where can I find the form 990 for Southern Maryland Electric Cooperative Inc?
Southern Maryland Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.smeco.coop
Learn more at the official website: www.smeco.coop
Mission Statement of Southern Maryland Electric Cooperative Inc
Southern Maryland Electric Cooperative Inc, a dedicated organization, is committed to ensuring the safe and efficient delivery of electricity to its valued members. The Cooperative's mission in action translates to providing reliable power to enhance the daily lives of its community.
The core activity of Southern Maryland Electric Cooperative Inc revolves around the delivery of electricity, ensuring that power reaches each household and business safely and effectively. This priority is reflected in the Cooperative's substantial investments. Among the largest of these expenditures are the costs for power acquisition, totaling over $328 million. Additionally, the Cooperative allocates significant resources towards the maintenance and upgrade of its infrastructure, with depreciation expenses amounting to over $44 million. Furthermore, the organization dedicates a considerable portion of its budget to salaries and wages, employing a team of professionals to oversee operations and ensure the seamless delivery of electricity.
In summary, Southern Maryland Electric Cooperative Inc is an unwavering steward of electricity, ensuring its safe and effective distribution to the communities it serves. Through its substantial investments in power acquisition, infrastructure maintenance, and personnel, it has established a reputation for dependability and commitment to its members.
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Impact
October, 2024
Southern Maryland Electric Cooperative Inc plays a vital role in ensuring the safe and effective distribution of electricity to its members in Southern Maryland. With a focus on reliability, the cooperative facilitates a stable power supply that meets the needs of the community.
In its commitment to service, the cooperative incurred significant expenses in key areas, with the largest being the cost of power, amounting to $328,871,292, followed by depreciation at $44,275,730 and salaries and wages totaling $51,548,483. These investments reflect the cooperative's dedication to maintaining infrastructure and providing quality service.
The impact of Southern Maryland Electric Cooperative Inc extends beyond mere electricity delivery; it enhances the quality of life for residents and businesses in the region, supporting economic growth and community development. Through its operations, the cooperative reinforces the importance of reliable power, contributing to the overall public benefit in Hughesville, Maryland, and surrounding areas.
This information is meant to be a general summary of Southern Maryland Electric Cooperative Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $11,800
- Program Service Revenue: $552,873,580
- Gross Receipts: $558,375,460
Assets and Liabilities:
- Total Assets: $1,212,996,814
- Total Liabilities: $895,777,408
- Net Assets: $317,219,406
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRIB. IN AID OF CONST.
Revenue
$7,116,661
PATRONAGE ALLOC. RECEIVED
Revenue
$2,416,146
SALE AND DIST. OF ELECT.
Revenue
$543,340,773
Organization Details
Founding Year
1937
Phone
(301) 274-4328Principal Officer
Sonja M Cox
Main Address
PO BOX 1937, HUGHESVILLE, MD, 20637
Website
www.smeco.coopNTEE Category
Code: W80Z - Public benefit
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