Overview
What is Maryland Broadband Cooperative Inc?
Maryland Broadband Cooperative Inc is a nonprofit organization based in Salisbury, Maryland, with an aim to advance economic development in the region. Their primary objective is to develop, construct, operate, maintain, and market a fiber optic cable network within Maryland and adjacent states. By doing so, they aim to provide universal, open-access to broadband services, particularly in rural communities across Eastern, Southern, and Western Maryland. This initiative is supported by its member organizations, which provide the "last mile" services, ensuring an advanced, world-class broadband network is built and maintained in these areas, benefiting the region's citizens.
Official website here: www.mdbc.us
Is Maryland Broadband Cooperative Inc legitimate?
Maryland Broadband Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Maryland Broadband 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: $1,444,695
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,080,716
For more financial information, click here
Official website here: www.mdbc.us
What is the mission statement of Maryland Broadband Cooperative Inc?
Maryland Broadband Cooperative Inc's mission is centered around promoting economic development by establishing and maintaining a fiber optic cable network. Their primary goal is to provide universal, open access to broadband services, particularly focusing on rural areas. By building an advanced, world-class broadband network, they aim to enhance connectivity in communities located in eastern, southern, and western Maryland. This initiative is supported by its member organizations, who contribute to the provision of "last mile" services.
Official website here: www.mdbc.us
Who is the CEO of Maryland Broadband Cooperative Inc?
Andrew Van Dopp is the CEO of Maryland Broadband Cooperative Inc The CEO's salary of Maryland Broadband Cooperative Inc is $303,903 and their total compensation is $375,987.
Official website here: www.mdbc.us
What is the revenue of Maryland Broadband Cooperative Inc?
Maryland Broadband Cooperative Inc's revenue in 2024 was $8,762,416.
Official website here: www.mdbc.us
Who are the executives of Maryland Broadband Cooperative Inc and what are their salaries?
The average compensation at Maryland Broadband Cooperative Inc during 2024 was $97,131. There are 26 employees at Maryland Broadband Cooperative Inc.
Here are 16 key members and their salaries (Maryland Broadband Cooperative Inc's CEO's salary is $303,903 and their total compensation is $375,987):
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- Compensation: $303,903
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- Compensation: $203,714
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- Compensation: $236,206
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- Other: $53,550
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- Compensation: $164,837
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- Other: $49,628
- Compensation: $120,304
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- Other: $50,209
Official website here: www.mdbc.us
Where can I find the form 990 for Maryland Broadband Cooperative Inc?
Maryland Broadband Cooperative Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.mdbc.us
Learn more at the official website: www.mdbc.us
Mission Statement of Maryland Broadband Cooperative Inc
Maryland Broadband Cooperative Inc, with a mission to drive economic development, aims to promote the region's prosperity by providing universal, open access to broadband services. They achieve this by constructing, operating, maintaining, and marketing a fiber optic cable network within Maryland and adjacent states. The cooperative's primary focus is on rural areas, where they build an advanced, world-class broadband network to serve the communities in Eastern, Southern, and Western Maryland. This initiative is supported by its member organizations, which provide the "last mile" services, ensuring that the cooperative's mission reaches every citizen in the region.
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Impact
October, 2024
Maryland Broadband Cooperative Inc significantly impacts the region by developing and operating a comprehensive fiber optic cable network, enhancing connectivity across rural Maryland and adjacent states. By focusing on universal, open access to broadband services, the Cooperative plays a crucial role in bridging the digital divide, ensuring that underserved communities can access reliable high-speed internet.
This initiative not only promotes economic development but also supports local businesses, facilitates educational opportunities, and improves access to essential services. The Cooperative’s commitment to building a world-class broadband network enables communities in Eastern, Southern, and Western Maryland to thrive in an increasingly digital society. By collaborating with its members to provide "last mile" services, it fosters mutual benefit, empowering citizens and businesses alike to leverage technology for growth and innovation.
This information is meant to be a general summary of Maryland Broadband 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 2024.
- Investment Income: $221
- Program Service Revenue: $7,169,805
- Gross Receipts: $8,828,305
Assets and Liabilities:
- Total Assets: $10,221,710
- Total Liabilities: $3,795,397
- Net Assets: $6,426,313
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FIBER LEASES
Revenue
$4,134,637
SPLICING
Revenue
$2,123,635
MAINTENANCE FEE
Revenue
$657,909
INSTALLATION AND PREMIUMS
Revenue
$215,252
OUTSIDE CONSTRUCTION
Revenue
$38,372
Organization Details
Founding Year
2000
Principal Officer
Timothy Hayes
Website
www.mdbc.usNTEE Category
Code: Y22 - Mutual benefit
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