Overview
What is Telecommunications Development Fund Inc?
Telecommunications Development Fund Inc, abbreviated as TDF, is a nonprofit organization established under the Telecommunications Act of 1996. Based in Washington DC and Silicon Valley, TDF Ventures serves as their venture capital arm, investing in startups that cater to enterprise markets in infrastructure, software, and services. They operate with a permanent pool of $150M capital, currently investing from Fund IV, with a mission to support technology-driven development initiatives. The organization is guided by the belief that technology can positively impact lives, and they support this mission through their venture activities, as well as TDF Foundation's community development projects. TDF's original purpose, as a not-for-profit organization, is to promote competition within the telecommunications industry, stimulate new technology development, support universal service, and deliver telecommunications services to underserved rural and urban areas.
Official website here: www.tdfventures.com
Is Telecommunications Development Fund Inc legitimate?
Telecommunications Development Fund Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Telecommunications Development Fund 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: $212,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.tdfventures.com
What is the mission statement of Telecommunications Development Fund Inc?
The Telecommunications Development Fund Inc., established under the Telecommunications Act of 1996, operates as a not-for-profit organization with a mission to promote competition in the telecommunications industry. This is achieved by providing capital access to small businesses. Additionally, the fund stimulates new technology development and employment opportunities, as well as supports universal service and the delivery of telecommunications services to underserved rural and urban areas. The organization also accepts contributions and donations, and reinvest any repayments or payments related to loans, equity, or other extensions of credit made.
Official website here: www.tdfventures.com
Who is the CEO of Telecommunications Development Fund Inc?
James Pastoriza is the Director of Telecommunications Development Fund Inc. The CEO's salary of Telecommunications Development Fund Inc is $0 and their total compensation is $0.
Official website here: www.tdfventures.com
What is the revenue of Telecommunications Development Fund Inc?
Telecommunications Development Fund Inc's revenue in 2022 was -$5,477,154.
Official website here: www.tdfventures.com
Who are the executives of Telecommunications Development Fund Inc and what are their salaries?
Here are 6 key members and their salaries (Telecommunications Development Fund Inc's CEO's salary is $0 and their total compensation is $0):
- Compensation: $52,500
- Related: $0
- Other: $0
- Compensation: $45,625
- Related: $0
- Other: $0
- Compensation: $41,250
- Related: $0
- Other: $0
- Compensation: $38,750
- Related: $0
- Other: $0
- Compensation: $34,375
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.tdfventures.com
Where can I find the form 990 for Telecommunications Development Fund Inc?
Telecommunications Development Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tdfventures.com
Learn more at the official website: www.tdfventures.com
Mission Statement of Telecommunications Development Fund Inc
Telecommunications Development Fund Inc, established in 1996, was created with a mission to promote access to capital for small businesses in the telecommunications industry. By doing so, the organization aims to enhance competition in this sector. In addition to this, the Fund also seeks to stimulate new technology development and foster employment and training opportunities.
Beyond this, Telecommunications Development Fund Inc is dedicated to supporting universal service and promoting the delivery of telecommunications services to underserved rural and urban areas. This commitment to serving underserved communities is a significant part of its mission. The organization also accepts contributions or donations to the Fund, and any repayment of or other payments with respect to loans, equity, or other extensions of credit made from the Fund are reinvested back into the organization. This cycle of reinvestment not only supports the Fund's ongoing operations but also allows it to continue its mission of promoting competition, technology development, and universal service in the telecommunications industry.
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Impact
October, 2024
Telecommunications Development Fund Inc significantly impacts the telecommunications sector by providing early-stage venture capital to startups that enhance enterprise markets within infrastructure, software, and services (IaaS, SaaS, XaaS). With a $150 million permanent capital pool, TDF Ventures invests in innovative solutions that drive technological advancement and competition.
By focusing on underserved rural and urban areas, TDF promotes universal service, ensuring that more communities have access to essential telecommunications services. Their efforts support job creation and development by fostering new technology and training, bridging gaps in the industry. Additionally, through the TDF Foundation, they align their venture initiatives with broader development goals, enhancing social and economic outcomes through technology.
Overall, TDF's commitment to promoting access to capital and advancing technology contributes to a more competitive telecommunications landscape, benefiting both entrepreneurs and consumers alike.
This information is meant to be a general summary of Telecommunications Development Fund 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: -$5,442,560
Assets and Liabilities:
- Total Assets: $123,416,262
- Total Liabilities: $0
- Net Assets: $123,416,262
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Organization Details
Founding Year
1998
Phone
(240) 483-4286Principal Officer
James Pastoriza
Main Address
1875 I ST NW 5TH FLOOR SUITE 920, WASHINGTON, DC, 20006
Website
www.tdfventures.comNTEE Category
Code: A30 - Arts
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