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
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 not tax deductible.
Here 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
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:
- Thomas Deriso (President &)
- Mark Varah (Key Employee)
- David Keller (Key Employee)
- Mark Petty (Key Employee)
- Sarah Miller (Highest Cmp)
- Phillip Lloyd (Secretary/Tr)
- Ernest R Lail (Director, Ch)
- Edward Hodges (Director, Vi)
- Bob Picchi (Director)
- Bryan David (Director)
- Duane Dahlquist (Director)
- Mark D Heath (Director)
- Gary Walker (Director)
- Ben Davenport (Director)
- David Hudgins (Director)
- Charles Majors (Director)
- Earving L Blythe (Director)
- Richard Shumaker (Director)
Official website here: www.mbc-va.com
Where can I find the form 990 for Mid-Atlantic Broadband Communities Corporation?
The 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.
Impact
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.
Thursday, August 15, 2024
Mid-Atlantic Broadband Communities Corporation's impact is significant in Southern Virginia, where it is bridging the digital divide in rural areas that commercial providers have overlooked for economic reasons. By constructing and operating a publicly funded fiber-optic network, MBC is providing dedicated optical transport internet services to unserved and underserved rural communities. This open-access network not only offers internet access but also promotes economic development, private investment, and job creation in the region.
Through activities like optical transport services, co-location services, and dark fiber leases, MBC is ensuring that rural Virginia has access to essential telecommunications infrastructure. By providing fiber free of charge to government entities like the Virginia Department of Transportation and leasing unused fibers to network providers, MBC is supporting critical public services and expanding connectivity to areas in need.
Overall, Mid-Atlantic Broadband Communities Corporation is making a tangible impact on the communities and citizens of Southern Virginia by fostering economic development, lessening the burden on government resources, and revitalizing economically distressed rural areas through strategic investments in telecommunications infrastructure.
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.
- Assets and Liabilities:
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.com
NTEE Category
Code: S32 - Community improvement
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