Overview
What is Mid-Atlantic Broadband Communities Corporation?
Mid-Atlantic Broadband Communities Corporation (MBC) is a socially-focused organization based in South Boston, Virginia. With a mission to promote economic development and revitalize distressed rural areas, MBC constructs and operates a publicly-funded fiber-optic network for the benefit of Southern Virginia's communities and citizens. By bridging the digital divide, they provide dedicated optical transport internet services to underserved and unserved areas. The network offers co-location services and dark fiber leases, allowing network servers and electronic storage equipment to be interconnected with telecommunications network providers. The corporation's activities include promoting government needs and right-of-way access in exchange for unused fibers. Boasting a team of 23 employees, MBC is a significant contributor to economic growth and digital connectivity in rural Virginia.
Official website here: www.mbc-va.com
What are the reviews and ratings of this charity?
The Mid-Atlantic Broadband Communities Corporation is not currently rated by Charity Navigator. This absence of a rating indicates that the organization has not yet been evaluated under Charity Navigator’s criteria for fiscal accountability and other metrics, such as Impact & Measurement. This lack of evaluation is due to the organization not being a registered 501(c)(3) nonprofit with the IRS, which precludes it from being assessed by the standard methodologies.
Charity Navigator's process typically considers several beacons, including Accountability & Finance, Culture & Community, and Leadership & Adaptability. However, the corporation's foundation status and affiliation show it is independent, which could suggest robust operational autonomy. Despite this, no specific data about its total revenue, expenses, or key persons' salaries are available, limiting comprehensive financial analysis.
Without user reviews on GreatNonprofits, community feedback is not available to provide an additional perspective. This leaves a gap in understanding how the organization's work is perceived by those it serves and supports, emphasizing the need for potential stakeholders to seek further information elsewhere.
This AI summary has been generated from information found on Charity Navigator.
Is Mid-Atlantic Broadband Communities Corporation legitimate?
Mid-Atlantic Broadband Communities Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Mid-Atlantic Broadband Communities Corporation 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: $2,250,207
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,297,428
For more financial information, click here
Official website here: www.mbc-va.com
What is the mission statement of Mid-Atlantic Broadband Communities Corporation?
Mid-Atlantic Broadband Communities Corporation is a social welfare organization, as defined by Section 501(c)(4) of the Internal Revenue Code. Its primary objectives include promoting economic development, lessening government burdens, and revitalizing economically distressed rural areas. This is accomplished through constructing and operating a publicly funded fiber-optic network to benefit the communities and citizens of Southern Virginia. Furthermore, the corporation bridges the digital divide in rural regions where commercial providers find it uneconomical to invest, ensuring equitable access to digital infrastructure.
Official website here: www.mbc-va.com
Who is the CEO of Mid-Atlantic Broadband Communities Corporation?
Thomas Deriso is the President & of Mid-Atlantic Broadband Communities Corporation.
Official website here: www.mbc-va.com
What is the revenue of Mid-Atlantic Broadband Communities Corporation?
Mid-Atlantic Broadband Communities Corporation's revenue in 2022 was $16,699,414.
Official website here: www.mbc-va.com
Who are the executives of Mid-Atlantic Broadband Communities Corporation and what are their salaries?
The average compensation at Mid-Atlantic Broadband Communities Corporation during 2022 was $154,245. There are 23 employees at Mid-Atlantic Broadband Communities Corporation.
Here are 18 key members and their salaries:
- Compensation: $19,960
- Related: $0
- Other: $0
- Compensation: $11,400
- Related: $0
- Other: $0
- Compensation: $15,838
- Related: $0
- Other: $0
- Compensation: $10,400
- Related: $0
- Other: $0
- Compensation: $118,722
- Related: $0
- Other: $28,020
- Compensation: $12,800
- Related: $0
- Other: $0
- Compensation: $12,000
- Related: $0
- Other: $0
- Compensation: $12,200
- Related: $0
- Other: $0
- Compensation: $16,360
- Related: $0
- Other: $0
- Compensation: $11,000
- Related: $0
- Other: $0
- Compensation: $12,200
- Related: $0
- Other: $0
- Compensation: $10,400
- Related: $0
- Other: $0
- Compensation: $16,208
- Related: $0
- Other: $0
- Compensation: $471,687
- Related: $0
- Other: $58,399
- Compensation: $286,036
- Related: $0
- Other: $32,425
- Compensation: $255,954
- Related: $0
- Other: $44,006
- Compensation: $363,435
- Related: $0
- Other: $48,154
- Compensation: $122,817
- Related: $0
- Other: $32,420
Official website here: www.mbc-va.com
Where can I find the form 990 for Mid-Atlantic Broadband Communities Corporation?
Mid-Atlantic Broadband Communities Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mbc-va.com
Learn more at the official website: www.mbc-va.com
Mission Statement of Mid-Atlantic Broadband Communities Corporation
Mid-Atlantic Broadband Communities Corporation, a social welfare organization under Section 501(c)(4) of the Internal Revenue Code, strives to improve the socio-economic conditions of communities in rural areas of Virginia. The corporation's primary objective is to construct and operate a publicly-funded fiber-optic network, providing benefits to the citizens of Southern Virginia. By investing in this infrastructure, Mid-Atlantic Broadband Communities Corporation is making strides in economic development and lessening the governmental burdens of these communities.
Moreover, the corporation addresses a critical issue in rural areas where commercial providers find it unfeasible to invest. Through its efforts, Mid-Atlantic Broadband Communities Corporation is bridging the digital divide, ensuring that residents in economically distressed rural areas have access to high-speed internet. This not only enables them to stay connected in today's digital world but also offers opportunities for economic growth, education, and access to essential services. The corporation's mission is a testament to its commitment to improving the quality of life for people in rural Virginia by providing them with a vital resource for the 21st century.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
August, 2024
Mid-Atlantic Broadband Communities Corporation has had a significant impact on Southern Virginia by bridging the digital divide in rural areas where commercial providers have not found it feasible to invest. Through its publicly funded fiber-optic network, MBC provides internet services to unserved and underserved rural communities, promoting economic development, private investment, and job creation. By offering co-location services and dark fiber leases, MBC supports the infrastructure needs of various entities, including the Virginia Department of Transportation, further enhancing connectivity in the region. Overall, MBC's efforts contribute to the revitalization of economically distressed rural areas, lessening the burdens of government, and improving the quality of life for the communities and citizens of Southern Virginia.
This information is meant to be a general summary of Mid-Atlantic Broadband Communities Corporation. 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: $35,382
- Program Service Revenue: $15,977,303
- Gross Receipts: $16,720,013
Assets and Liabilities:
- Total Assets: $87,739,365
- Total Liabilities: $36,730,364
- Net Assets: $51,009,001
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BROADBAND SERVICES
Revenue
$15,977,303
Organization Details
Founding Year
2004
Principal Officer
Thomas Deriso
Main Address
715 WILBORN AVENUE, SOUTH BOSTON, VA, 24592
Website
www.mbc-va.comNTEE Category
Code: S32 - Community improvement
If you are a representative of Mid-Atlantic Broadband Communities Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.