Cenic California Middle Mile Broadband Initiative Llc
- Assets
- $8.0m
- Revenue
- $10.3m
- Investments
- $0.0
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- Data as of
- 06/2022
- EIN
- 87-2397970
Organization Overview
Cenic California Middle Mile Broadband Initiative Llc, operating under the name Goldenstatenet, is located in San Francisco, CA. According to its NTEE Classification (W50) the organization is classified as: Telecommunications, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Goldenstatenet is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CENIC FORMED GOLDENSTATENET TO BUILD AFFORDABLE OPEN-ACCESS BROADBAND CONNECTIONS THROUGH MIDDLE-MILE INFRASTRUCTURE ACROSS CALIFORNIA. THE MIDDLE MILE PROVIDES VITAL CONNECTIONS BETWEEN THE GLOBAL INTERNET AND LAST MILE PROVIDERS. THE EFFORT PRIORITIZES AREAS THAT HAVE NO ACCESS TO THE GLOBAL INTERNET OR SLOW AND INEFFECTIVE CONNECTIONS. THIS LEAVES MANY HOUSEHOLDS AND COMMUNITY ANCHOR INSTITUTIONS AT A SEVERE DISADVANTAGE AS THEY ARE UNABLE TO TAKE ADVANTAGE OF BROADBAND-ENABLED SERVICES SUCH AS TELEHEALTH, REMOTE WORK, AND REMOTE EDUCATIONAL ENVIRONMENTS. GOLDENSTATENET INTENDS TO WORK WITH PUBLIC AND PRIVATE SECTOR PARTNERS TO BRIDGE THIS DIGITAL DIVIDE AND TO CREATE DIGITAL EQUITY FOR ALL CALIFORNIANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CENIC FORMED GOLDENSTATENET TO BUILD AFFORDABLE OPEN-ACCESS BROADBAND CONNECTIONS THROUGH MIDDLE-MILE INFRASTRUCTURE ACROSS CALIFORNIA. THE MIDDLE MILE PROVIDES VITAL CONNECTIONS BETWEEN THE GLOBAL INTERNET AND LAST MILE PROVIDERS. THE EFFORT PRIORITIZES AREAS THAT HAVE NO ACCESS TO THE GLOBAL INTERNET OR SLOW AND INEFFECTIVE CONNECTIONS. THIS LEAVES MANY HOUSEHOLDS AND COMMUNITY ANCHOR INSTITUTIONS AT A SEVERE DISADVANTAGE AS THEY ARE UNABLE TO TAKE ADVANTAGE OF BROADBAND-ENABLED SERVICES SUCH AS TELEHEALTH, REMOTE WORK, AND REMOTE EDUCATIONAL ENVIRONMENTS. GOLDENSTATENET INTENDS TO WORK WITH PUBLIC AND PRIVATE SECTOR PARTNERS TO BRIDGE THIS DIGITAL DIVIDE AND TO CREATE DIGITAL EQUITY FOR ALL CALIFORNIANS.
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PDF Copies of 990 Filings
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $200,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $200,000 |
| Total Program Service Revenue | $10,107,156 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,307,156 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $921,630 |
| Fees for services: Accounting | $30,827 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,859,290 |
| Advertising and promotion | $0 |
| Office expenses | $10,367 |
| Information technology | $6,586 |
| Royalties | $0 |
| Occupancy | $64,147 |
| Travel | $10,776 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,981 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $800 |
| Total functional expenses | $8,906,404 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,300,198 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,728,211 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,028,409 |
| Accounts payable and accrued expenses | $6,627,657 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,627,657 |
| Net assets without donor restrictions | $1,400,752 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $8,028,409 |