Mid-Atlantic Broadband Communities Corporation

Organization Overview

Mid-Atlantic Broadband Communities Corporation is located in South Boston, VA. The organization was established in 2013. According to its NTEE Classification (S32) the organization is classified as: Rural Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Mid-Atlantic Broadband Communities Corporation employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mid-Atlantic Broadband Communities Corporation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.

For the year ending 06/2022, Mid-Atlantic Broadband Communities Corporation generated $16.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $17.7m during the year ending 06/2022. While expenses have increased by 5.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Mid-Atlantic Broadband Communities Corporation has awarded 80 individual grants totaling $1,535,660. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR SOCIAL WELFARE PURPOSES WITHIN THE MEANING OF SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE, INCLUDING, BUT NOT LIMITED TO PROMOTING ECONOMIC DEVELOPMENT, LESSENING THE BURDENS OF GOVERNMENT, AND REVITALIZING ECONOMICALLY DISTRESSED RURAL AREAS BY CONSTRUCTION AND OPERATING A PUBLICLY FUNDED FIBER-OPTIC NETWORK FOR THE BENEFIT OF THE COMMUNITIES AND CITIZENS OF SOUTHERN VIRGINIA. ADDITIONALLY, THE CORPORATION IS BRIDGING THE DIGITAL DIVIDE IN RURAL AREAS WHERE COMMERCIAL PROVIDERS HAVE NOT FOUND IT TO BE ECONOMICALLY FEASIBLE TO INVEST.

Describe the Organization's Program Activity:

Part 3 - Line 4a

MID-ATLANTIC BROADBAND COMMUNITIES CORPORATION ("MBC") CONDUCTS THE FOLLWING ACTIVITIES WITH RESPECT TO THE FIBER OPTIC NETWORK, OPTICAL TRANSPORT SERVICES, CO-LOCATION SERVICES AND DARK FIBER LEASES. THROUGH OPTICAL TRANSPORT SERVICES, MBC PROVIDES DEDICATED OPTICAL TRANSPORT INTERNET SERVICES TO RURAL UNSERVED AND UNDERSERVED AREAS OF SOUTHERN VIRGINIA. THE OPEN ACCESS FIBER-OPTIC NETWORK PROVIDES ACCESS FOR RURAL VIRGINIA AND PROMOTES ECONOMIC DEVELOPMENT, PRIVATE INVESTMENT AND JOB CREATION. THROUGH CO-LOCATION SERVICES, MBC LEASES RACK SPACE FOR LOCATING NETWORK SERVERS AND ELECTRONIC STORAGE EQUIPMENT TO INTERCONNECT WITH TELECOMMUNICATIONS NETWORK PROVIDERS. THROUGH DARK FIBER LEASES, MBC PROVIDES FIBER FREE OF CHARGE TO THE VIRGINIA DEPARTMENT OF TRANSPORTATION FOR GOVERNMENT NEEDS AND IN EXCHANGE FOR RIGHT OF WAY ACCESS. IN SOME SITUATIONS, UNUSED FIBERS MAY BE LEASED TO NETWORK PROVIDERS FOR INTERNET ACCESS TO CERTAIN RURAL AREAS.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Thomas Deriso
President &
$471,687
Mark Varah
Key Employee
$363,435
David Keller
Key Employee
$286,036
Mark Petty
Key Employee
$255,954
Sarah Miller
Highest Cmp
$122,817
Phillip Lloyd
Secretary/tr
$118,722

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Utility Service Contractors
Construction
$436,463
Gcr
Elec. Install
$236,713
Usic Locating Services Llc
Locating
$168,458
Better Cable Systems Inc
Construction
$840,291
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$488,804
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$488,804
Total Program Service Revenue$15,977,303
Investment income $29,302
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $6,080
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $16,699,414

Grants Awarded

Over the last fiscal year, Mid-Atlantic Broadband Communities Corporation has awarded $296,500 in support to 8 organizations.

Grant RecipientAmount

SOVA INNOVATION HUB CORPORATION

Org PageRecipient Profile

South Boston, VA

PURPOSE: CONTRIBUTION

$250,000

CENTRAL HIGH SCHOOL

PURPOSE: ROBOTICS PROGRAM

$9,000

CUMBERLAND PUBLIC SCHOOLS

PURPOSE: ROBOTICS PROGRAM

$7,500

HALIFAX COUNTY ROBOTICS TEAM

PURPOSE: ROBOTICS PROGRAM

$6,000

NEW COLLEGE INSTITUTE

PURPOSE: ROBOTICS PROGRAM

$6,000

MARTINSVILLE HIGH SCHOOL ROBOTICS

PURPOSE: ROBOTICS PROGRAM

$6,000
View Grant Profile

Create an account to unlock the data you need.

or