Overview
What is Southern Tier Network Inc?
Southern Tier Network Inc, established in 2011, is a not-for-profit organization situated in Corning, New York. It was formed through public-private collaborations with a vision to enhance broadband access in rural areas, boost competition in telecommunications services, and create a competitive edge for job creation in the Southern Tier region. The organization is working in conjunction with service providers to bring fiber to cell towers, thereby improving consumer services and extending fiber connectivity to underserved rural areas. Southern Tier Network Inc strives to enrich the quality of life in the regions it serves by providing high-speed broadband connections via a quality open-access model, aiming to contribute to local and regional economic development, public safety, education, municipal government, and healthcare. The organization currently employs a team of four individuals.
Official website here: www.southerntiernetwork.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Stars)
Southern Tier Network Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in terms of accountability and finance. The charity's high score reflects transparency and good governance, with a fully independent board and strong financial oversight measures in place. Praise is given for their effective conflict of interest and whistleblower policies, as well as the posting of essential documents such as meeting minutes and tax forms on their website.
One of the standout strengths includes their high program expense ratio at 83.73%, suggesting that a significant portion of their budget is directed towards fulfilling their mission rather than administrative costs. Additionally, they have demonstrated no material diversion of assets, which reassures donors about the integrity of their financial practices.
However, the organization faces some challenges with its liabilities to assets ratio, which stands at 65.97%, indicating potential financial risks that may need addressing. While the overall accountability and finance score is commendable, future improvements in financial management could enhance their sustainability and further boost donor confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Southern Tier Network Inc legitimate?
Southern Tier Network Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southern Tier Network 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: $268,826
Professional Fundraising Fees: $0
Other Salaries and Wages: $125,425
For more financial information, click here
Official website here: www.southerntiernetwork.org
What is the mission statement of Southern Tier Network Inc?
The Southern Tier Network Inc, operating as a not-for-profit organization, aims to enhance the quality of life in the regions it serves through public and private partnerships. Its primary objective is to provide high-speed broadband connections using a quality open-access model. The network, established in January 2011, was built to cater to the needs of public safety, improve broadband access in rural areas, increase competition in telecommunications services, and foster a globally competitive advantage for job creation. The Southern Tier Network is collaborating with service providers to bring fiber to cell towers, which not only enhances services for consumers but also extends fiber into rural and underserved areas. This resource is being marketed for local and regional economic development, as well as for public safety, education, municipal government, and healthcare purposes.
Official website here: www.southerntiernetwork.org
Who is the CEO of Southern Tier Network Inc?
Jeffrey Gasper is the Chair of Southern Tier Network Inc. The CEO's salary of Southern Tier Network Inc is $115,385 and their total compensation is $128,114.
Official website here: www.southerntiernetwork.org
What is the revenue of Southern Tier Network Inc?
Southern Tier Network Inc's revenue in 2022 was $3,267,128.
Official website here: www.southerntiernetwork.org
Who are the executives of Southern Tier Network Inc and what are their salaries?
The average compensation at Southern Tier Network Inc during 2022 was $98,563. There are 4 employees and 15 volunteers at Southern Tier Network Inc.
Here are 17 key members and their salaries (Southern Tier Network Inc's CEO's salary is $115,385 and their total compensation is $128,114):
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- Compensation: $115,385
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- Compensation: $139,313
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- Other: $1,399
Official website here: www.southerntiernetwork.org
Where can I find the form 990 for Southern Tier Network Inc?
Southern Tier Network Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.southerntiernetwork.org
Learn more at the official website: www.southerntiernetwork.org
Mission Statement of Southern Tier Network Inc
Southern Tier Network, a not-for-profit organization, strives to enhance the quality of life in the regions it serves through strategic public-private partnerships. Its primary mission is to provide high-speed broadband connections utilizing a quality open-access model. This mission is aimed at addressing the need for improved broadband access in rural areas, fostering competition in telecommunications services, and creating a globally competitive edge for job creation in the Southern Tier region.
To achieve this mission, Southern Tier Network has built an optical fiber network, which it operates on an open-access basis. This network supports various sectors, including public safety, education, municipal government, healthcare, and local and regional economic development. By collaborating with service providers, the network is working to bring fiber to cell towers, thereby improving services for consumers and extending these services into under-served rural areas.
In essence, Southern Tier Network's mission is to leverage the power of partnerships to bridge digital divides, promote competition, and drive economic growth in the regions it serves, all while ensuring reliable high-speed broadband connections for its community.
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Impact
October, 2024
Southern Tier Network Inc significantly enhances the quality of life in the regions it serves by providing high-speed broadband access through a robust open-access optical fiber network. Established in January 2011, the network was developed to address critical needs in public safety and to improve broadband access, particularly in rural areas. By increasing competition and elevating telecommunications services, the Southern Tier Network fosters a more connected and empowered community.
The network’s initiatives aim to create a globally competitive advantage for job creation in the Southern Tier region. By partnering with service providers to extend fiber connections to cell towers, the Southern Tier Network not only improves consumer services but also facilitates access in underserved and rural areas. This infrastructure supports local and regional economic development, enhancing services in sectors like education, public safety, municipal government, and healthcare.
Through these efforts, the Southern Tier Network has become an essential resource for community improvement, driving both technological advancement and socioeconomic growth in the areas it serves.
This information is meant to be a general summary of Southern Tier Network 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 2022.
- Investment Income: $76,595
- Program Service Revenue: $2,023,794
- Gross Receipts: $3,267,128
Assets and Liabilities:
- Total Assets: $25,178,929
- Total Liabilities: $16,199,361
- Net Assets: $8,979,568
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TELECOM DARK FIBER CON
Revenue
$1,369,975
INSTALLATION REVENUE
Revenue
$653,819
Organization Details
Founding Year
2011
Phone
(607) 962-5092Principal Officer
Jeffrey Gasper
Main Address
8 DENISON PARKWAY EAST 205, CORNING, NY, 14830
Website
www.southerntiernetwork.orgNTEE Category
Code: S30 - Community improvement
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