EIN 27-0076588

Mid-Atlantic Broadband Communities Corporation

IRS 501(c) type
501(c)(4)
Num. employees
29
City
South Boston
Year formed
2004
Most recent tax filings
2023-06-01
Description
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 revitaliz...
Also known as...
Mid-Atlantic Broadband Cooperative
Total revenues
$17,476,892
2023
Total expenses
$18,034,342
2023
Total assets
$103,844,542
2023
Num. employees
29
2023

Program areas at Mid-Atlantic Broadband Communities Corporation

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.

Grants made by Mid-Atlantic Broadband Communities Corporation

GranteeGrant descriptionAmount
Sova Innovation Hub CorporationContribution$250,000

Personnel at Mid-Atlantic Broadband Communities Corporation

NameTitleCompensation
Thomas DerisoPresident and Chief Executive Officer$624,764
Ben BurchetteDirector$107,064
Christopher FewaxHighest CMP$103,679
Phillip LloydSecretary and Treasurer$136,211
Edward HodgesDirector , Vi$16,360
...and 2 more key personnel

Financials for Mid-Atlantic Broadband Communities Corporation

RevenuesFYE 06/2023
Total grants, contributions, etc.$411,020
Program services$16,680,703
Investment income and dividends$204,143
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-52,331
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$233,357
Total revenues$17,476,892

Form 990s for Mid-Atlantic Broadband Communities Corporation

Fiscal year endingDate received by IRSFormPDF link
2023-062024-04-23990View PDF
2022-062023-02-27990View PDF
2021-062021-11-15990View PDF
2019-062020-01-14990View PDF
2018-062019-03-15990View PDF
...and 9 more Form 990s

Organizations like Mid-Atlantic Broadband Communities Corporation

OrganizationLocationRevenue
Peoples Rural Telephone Cooperative CorporationMckee, KY$21,635,112
Merit NetworkAnn Arbor, MI$33,834,611
South Slope Cooperative Telephone CompanyNorth Liberty, IA$41,648,044
Maryland Broadband CooperativeSalisbury, MD$9,031,284
Vernon Communications CooperativeWestby, WI$18,047,667
St Louis Development Corporation (SLDC)Saint Louis, MO$25,186,270
Greater Lafayette Commerce / Lafayette-West Lafayette Development CorporationLafayette, IN$4,383,419
Alloy DevelopmentCincinnati, OH$10,336,501
City CorporationRussellville, AR$19,696,336
Roosevelt County Rural Telephone CooperativePortales, NM$4,594,858
Data update history
May 20, 2024
Updated personnel
Identified 2 new personnel
May 18, 2024
Used new vendors
Identified 3 new vendors, including , , and
June 26, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 17, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 15, 2023
Used new vendors
Identified 2 new vendors, including , and
Nonprofit Types
Public utilitiesPublic sector nonprofits
Issues
Community improvementPublic policyEconomic development
Characteristics
Receives government fundingManagement and technical assistance
General information
Address
715 Wilborn Ave
South Boston, VA 24592
County
Halifax County, VA
Website URL
mbc-va.com/ 
Phone
(434) 570-1311
IRS details
EIN
27-0076588
Fiscal year end
June
Taxreturn type
Form 990
Year formed
2004
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W50: Telephone, Telegraph, and Telecommunications Services
NAICS code, primary
517: Telecommunications
Parent/child status
Independent
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