Overview
What is Finger Lakes Regional Telecommunications Development Corp?
Finger Lakes Regional Telecommunications Development Corp is a nonprofit organization based in Canandаigua, New York, specifically at 70 Ontario Street, ZIP code 14424. Their primary mission is to enhance the Finger Lakes region's economic growth by preserving and attracting existing and potential employers through the provision of fiber optic infrastructure. The organization has developed and operates a municipal, open-access fiber optic network, aiming to promote technology-driven economic development across the county, without any prejudice towards geographic location or demographic profile. This network currently spans over 200 miles, contributing to a more connected and technologically advanced region.
Official website here: www.axcessontario.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Star rating)
Finger Lakes Regional Telecommunications Development Corp has received a commendable score of 85%, reflecting its solid performance in accountability and finance. This high rating demonstrates the organization’s commitment to transparency and responsible financial management, with a focus solely on its Accountability & Finance metrics.
The organization boasts a fully independent board, with all eight members meeting the criteria for independence, which is a significant strength. Additionally, it has scored full points in various categories, including financial oversight and conflict of interest policies. The program expense ratio is notably high at 95.56%, indicating that the majority of its expenditures are directed towards its programs rather than administrative costs.
While the financial framework appears strong, the focus on a single beacon score suggests that a broader evaluation of service effectiveness and impact might be beneficial. Nonetheless, the organization’s adherence to accountability standards and sound governance practices is a positive indicator for potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Finger Lakes Regional Telecommunications Development Corp legitimate?
Finger Lakes Regional Telecommunications Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Finger Lakes Regional Telecommunications Development Corp 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.axcessontario.com
What is the mission statement of Finger Lakes Regional Telecommunications Development Corp?
The Finger Lakes Regional Telecommunications Development Corp is committed to developing and operating a municipal, open-access fiber optic network. This network aims to foster technology-driven economic development across the county, without any bias towards geographic location or demographic profile. The organization's mission is to provide telecommunication fiber optic infrastructure, aiming to retain and attract current and potential employers in the region. Currently, the fiber optic network spans over 200 miles.
Official website here: www.axcessontario.com
Who is the CEO of Finger Lakes Regional Telecommunications Development Corp?
Sean Barry is the Ceo of Finger Lakes Regional Telecommunications Development Corp. The CEO's salary of Finger Lakes Regional Telecommunications Development Corp is $0 and their total compensation is $0.
Official website here: www.axcessontario.com
What is the revenue of Finger Lakes Regional Telecommunications Development Corp?
Finger Lakes Regional Telecommunications Development Corp's revenue in 2022 was $508,031.
Official website here: www.axcessontario.com
Who are the executives of Finger Lakes Regional Telecommunications Development Corp and what are their salaries?
Here are 9 key members and their salaries (Finger Lakes Regional Telecommunications Development Corp's CEO's salary is $0 and their total compensation is $0):
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Official website here: www.axcessontario.com
Where can I find the form 990 for Finger Lakes Regional Telecommunications Development Corp?
Finger Lakes Regional Telecommunications Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.axcessontario.com
Learn more at the official website: www.axcessontario.com
Mission Statement of Finger Lakes Regional Telecommunications Development Corp
Finger Lakes Regional Telecommunications Development Corp is dedicated to the development and operation of a municipal-based open-access fiber optic network. This mission aims to foster technology-driven economic growth throughout the county, without any bias towards geographic location or demographic profile. By providing telecommunications fiber optic infrastructure, this nonprofit organization intends to support the Finger Lakes region of New York, helping to retain existing employers and attract prospective ones. Currently, the fiber optic network spans over 200 miles, demonstrating its commitment to enhancing the region's connectivity and technological capabilities.
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Impact
July, 2024
The Finger Lakes Regional Telecommunications Development Corp's impact lies in the development and operation of a municipal-based open access fiber optic network. This initiative aims to create technology-led economic development throughout the county without bias to geographic location or demographic profile. By providing telecommunication fiber optic infrastructure, the organization supports the Finger Lakes region of New York by retaining and attracting current and prospective employers. The existing fiber optic network spans over 200 miles, showcasing the organization's commitment to enhancing connectivity and driving economic growth in the region.
This information is meant to be a general summary of Finger Lakes Regional Telecommunications Development Corp. 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 2022.
- Investment Income: $124,018
- Program Service Revenue: $4,776
- Gross Receipts: $508,031
Assets and Liabilities:
- Total Assets: $4,416,836
- Total Liabilities: $4,788,097
- Net Assets: -$371,261
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACT REVENUE
Revenue
$4,776
Organization Details
Founding Year
2007
Phone
(585) 396-4502Principal Officer
Sean Barry
Main Address
70 ONTARIO STREET, CANANDAIGUA, NY, 14424
Website
www.axcessontario.comNTEE Category
Code: W19 - Public benefit
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