2021-11-15T08:18:03-06:00 2020-12-31 PricewaterhouseCoopers LLP 2001 MARKET ST SUITE 1800 PHILADELPHIA PA 19103 990 2020-01-01 522077863 TELECOMMUNICATIONS DEVELOPMENT FUND INC % THE ORGANIZATION TELE 2404834286 1875 I ST NW 5TH FLOOR SUITE 920 WASHINGTON DC 20006 JAMES PASTORIZA CEO 2404834289 2021-10-15 JAMES PASTORIZA 999009999 ROBERTSON L BERTRAND P00789740 2673303000 2021-10-15 2 2020 2022-09-23 18:48:47Z James Pastoriza 1875 I ST NW 5TH FLOOR Washington DC 20006 18354243 false X www.tdfventures.com X 1998 DC See attachment 1 5 5 0 0 0 0 0 0 -6106196 18351118 871 3125 -6105325 18354243 0 0 0 0 188125 192671 0 0 0 1082213 2306656 1270338 2499327 -7375663 15854916 99665049 115521376 0 0 99665049 115521376 X THE TELECOMMUNICATIONS ACT OF 1996 (THE ACT), ENACTED ON FEBRUARY 8, 1996, CREATED A BODY CORPORATE TO BE KNOWN AS THE TELECOMMUNCATIONS DEVELOPMENT FUND, TDF. THE CONFERENCE REPORT WHICH ACCOMPANIED THE ACT PROVIDED THAT TDF WILL BE ADMINISTERED AS A NOT FOR PROFIT ORGANIZATION. ON MARCH 30, 1998, TDF WAS INCORPORATED IN THE DISTRICT OF COLUMBIA AS A CIVIC ORGANIZATION WITHIN THE MEANING OF SECTION 501 (C)(4) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED. THE PURPOSE OF THE FUND IS: (A) TO PROMOTE ACCESS TO CAPITAL FOR SMALL BUSINESSES IN ORDER TO ENHANCE COMPETITION IN THE TELECOMMUNICATIONS INDUSTRY; (B) TO STIMULATE NEW TECHNOLOGY DEVELOPMENT, AND TO PROMOTE EMPLOYMENT AND TRAINING; (C) TO SUPPORT UNIVERSAL SERVICE AND PROMOTE DELIVERY OF TELECOMMUNICATIONS SERVICES TO UNDERSERVED RURAL AND URBAN AREAS; AND (D) TO RECEIVE CONTRIBUTIONS OR DONATIONS TO THE FUND AND TO REINVEST ANY REPAYMENT OF, OR OTHER PAYMENT WITH RESPECT TO, LOAN, EQUITY, OR OTHER EXTENSIONS OF CREDIT MADE FRO false false See attachment 1 1676294 false false false false false false false false false false false true false false false true false false false false false false false false false false false false false false false false false false false false false false false false false false true true true false true 0 0 0 false false false false false false X 5 5 false false false false false false false true true false false true false false true true true false X THE ORGANIZATION 2404834286 1875 I ST NW 5TH FLOOR WASHINGTON DC 20006 X Richard Bodman director 5.0 0.0 X 47671 0 0 Brian Bailey Director 5.0 0.0 X 40000 0 0 Marvin Bush Director 5.0 0.0 X 37500 0 0 Michael Meece director 0.0 0.0 X 35000 0 0 Brooke Coburn Director 5.0 0.0 X 32500 0 0 James Pastoriza CEO 5.0 35.0 X 0 0 0 192671 0 0 0 false false false Twenty-First Century Group 434 New Jersey Ave WASHINGTON DC 20003 Consulting 5150 PricewaterhouseCoopers LLP PO Box 7247-8001 PHILADELPHIA PA 19170 Consulting 34396 0 X 0 0 172354 172354 0 0 0 0 0 18178764 0 18178764 18178764 18178764 0 0 0 0 0 0 0 0 0 OTHER INCOME/(LOSS) 3125 3125 3125 18354243 18354243 0 0 0 0 192671 192671 0 0 0 0 0 585105 585105 7783 7783 34396 34396 0 0 5150 5150 35549 35549 0 0 0 0 0 1985 1985 0 0 0 0 0 12275 12275 SPONSORSHIPS 1605000 1605000 TAXES, LICENSES & FEES 1705 1705 DUES AND MEMBERSHIPS 8000 8000 BOARD FEES 9708 9708 2499327 1676294 823033 0 X 0 0 5489561 27378611 0 0 0 0 0 0 0 0 0 0 0 0 6391 6630 0 0 9079063 3721518 0 0 84949623 84289333 0 0 140411 125284 99665049 115521376 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 99665049 115521376 0 0 99665049 115521376 99665049 115521376 15854916 1411 X false true true false INVESTMENT IN SUBSIDIARIES 84289333 C 84289333 18354243 18354243 18354243 2499327 2499327 2499327 Part VI, SECTION B, LINE 11 The CEO will review the form 990 with the organization's accountants prior to filing the form. PART VI, SECTION B, LINE 15 COMPENSATION IS DETERMINED BY AN ANNUAL MANAGEMENT FEE AGREEMENT. PART VI, SECTION C, LINE 19 Yes, on annual basis the organization prepares a Report to Congress, which includes information about the organization, as well as a copy of the organization's audited financial statements. All information is made available upon request. PART VII, SECTION A, LINE 1 THE DIRECTORS OF TELECOMMUNICATIONS DEVELOPMENT FUND, INC. ARE NOT COMPENSATED FOR SERVICES RENDERED AS DIRECTORS. TDFund II LP 1875 I ST NW 5TH FLOOR WASHINGTON DC 20006 202289907 investment DC TDF Inc -51574 false false 0.80000 TD Fund III LP 1875 I ST NW 5TH FLOOR WASHINGTON DC 20006 371699033 investment DC TDF Inc 8259097 false false 0.99020 TDF VENTURES IV LP 1875 I STREET NW 5TH FLOOR WASHINGTON DC 20006 813502198 INVESTMNET DC TDF INC 9645196 false false 0.98002 true true false false false true false false false false false true false true false false false false true TDFund III LP A 22168 TDFUND II LP A 2 TDF VENTURES FUND IV LP A 117503 TDFUND III LP B 584005 TDFUND II LP B 41069 TDF VENTURES IV LP B 8118651 TDFUND III LP F 2720 TDFUND III LP S 15801390 TDFUND IV LP S 11453999