NonprofitsMid-Atlantic Broadband Communities Corporation

Community Improvement & Capacity Building

Mid-Atlantic Broadband Communities Corporation

SOUTH BOSTON, VA

Total revenue

$19.0M

Total expenses

$19.9M

Net assets

$49.5M

Grants received

EIN

270076588

Tax year

2023

Mission

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.

Financials

FY 2023

Revenue

Contributions & grants$125K
Program service revenue$18.3M
Investment income$309K
Other revenue$264K
Total revenue$19.0M

Expenses

Grants paid$510K
Salaries & benefits$4.6M
Fundraising
Other expenses$14.9M
Total expenses$19.9M
Total assets$143.4M
Net assets$49.5M

People

23 listed

NameRoleCompensation

THOMAS DERISO

PRESIDENT &

Board

$398K

40 hrs/wk

PHILLIP LLOYD

SECRETARY/TR

Board

$152K

40 hrs/wk

ERNEST R LAIL

DIRECTOR, CH

Board

$20K

1 hrs/wk

EDWARD HODGES

DIRECTOR, VI

Board

$16K

1 hrs/wk

BRYAN DAVID

DIRECTOR

Board

$16K

1 hrs/wk

BOB PICCHI

DIRECTOR

Board

$16K

1 hrs/wk

DUANE DAHLQUIST

DIRECTOR

Board

$13K

1 hrs/wk

MARK D HEATH

DIRECTOR

Board

$12K

1 hrs/wk

GARY WALKER

DIRECTOR

Board

$12K

1 hrs/wk

DAVID HUDGINS

DIRECTOR

Board

$11K

1 hrs/wk

CHARLES MAJORS

DIRECTOR

Board

$11K

1 hrs/wk

EARVING L BLYTHE

DIRECTOR

Board

$10K

1 hrs/wk

RICHARD SHUMAKER

DIRECTOR

Board

$10K

1 hrs/wk

TELLY TUCKER

DIRECTOR

Board

$8K

1 hrs/wk

BEN DAVENPORT

DIRECTOR

Board

$6K

1 hrs/wk

DAVID KELLER

KEY EMPLOYEE

Staff

$271K

40 hrs/wk

MARK PETTY

KEY EMPLOYEE

Staff

$243K

40 hrs/wk

MARK VARAH

FORMER KEY E

Staff

$180K

15 hrs/wk

PATRICIA CONNER

HIGHEST CMP

Staff

$141K

40 hrs/wk

CHASE WEDDLE

DIRECTOR

Staff

$133K

40 hrs/wk

BEN BURCHETTE

DIRECTOR

Staff

$130K

40 hrs/wk

SARAH MILLER

HIGHEST CMP

Staff

$120K

40 hrs/wk

CHRISTOPHER FEWAX

HIGHEST CMP

Staff

$104K

40 hrs/wk

Independent contractors

COSTAL FIBER LLC

FIBER CONST

$6.1M

BROADBAND ENGINEERING CONSTRUCTION

FIBER CONSTR

$4.5M

UTILITY SERVICE CONTRACTORS

FIBER CONST

$4.1M

SUMMIT DESIGN AND ENGINEERING

ENGINEERING SVC

$597K

BETTER CABLE SYSTEMS INC

CONSTRUCTION

$539K

Details

EIN270076588
NTEE codeS32
Subsection04
Ruling date2013-02
Formed2004
Employees24
MID-ATLANTIC BROADBAND COMMUNITIES CORPORATION — Mission, Financials & Grants Received | Grantivo