MID-ATLANTIC BROADBAND COMMUNITIES CORPORATION: Form 990, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- MID-ATLANTIC BROADBAND COMMUNITIES CORPORATION (EIN 27-0076588)
- Tax period
- 2016-07-01 to 2017-06-30
- Filed
- 2017-12-05
- IRS object ID
- 201703409349300100
- Schema version
- 2016v3.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2017-12-05T10:59:38-05:00 | ReturnTs |
| Tax Period End | 2017-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 541896113 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ROBINSON FARMER COX ASSOCIATES | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 530 WESTFIELD RD | AddressLine1Txt |
| City | CHARLOTTESVILLE | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 229011726 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2016-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 270076588 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MID-ATLANTIC BROADBAND COMMUNITIES | BusinessNameLine1Txt |
| Business Name Line2 | CORPORATION | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MID- | BusinessNameControlTxt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1100 CONFROY DRIVE STE 4 | AddressLine1Txt |
| City | SOUTH BOSTON | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 24592 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | THOMAS DERISO | PersonNm |
| Person Title | PRESIDENT & CEO | PersonTitleTxt |
| Signature | 2017-11-14 | SignatureDt |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | DAVID E FOLEY | PreparerPersonNm |
| PTIN | P01457488 | PTIN |
| Phone | 4349738314 | PhoneNum |
| Preparation | 2017-12-05 | PreparationDt |
Filing Security Information FilingSecurityInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| At Submission Creation Device Id | 5DE83D308AF21EAAC4F44A572013746C71D0E517 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 5DE83D308AF21EAAC4F44A572013746C71D0E517 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2016 | TaxYr |
| Build TS | 2017-02-10 21:41:12Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | THOMAS DERISO | PrincipalOfficerNm |
| Gross Receipts | $14,480,323 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.MBC-VA.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2004 | FormationYr |
| Legal Domicile State | VA | LegalDomicileStateCd |
| Activity Or Mission | THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR SOCIAL WELFARE PURPOSES WITHIN THE MEANING OF SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE, INCLUDING, BUT NOT LIMITED TO PROMOTING ECONOMIC DEVELOPMENT, LESSENING THE BURDENS OF GOVERNMENT, AND REVITALIZING ECONOMICALLY DISTRESSED RURAL AREAS BY CONSTRUCTION AND OPERATING A PUBLICLY FUNDED FIBER-OPTIC NETWORK FOR THE BENEFIT OF THE COMMUNITIES AND CITIZENS OF SOUTHERN VIRGINIA. ADDITIONALLY, THE CORPORATION IS BRIDGING THE DIGITAL DIVIDE IN RURAL AREAS WHERE COMMERCIAL PROVIDERS HAVE NOT FOUND IT TO BE ECONOMICALLY FEASIBLE TO INVEST. | ActivityOrMissionDesc |
| Voting Members Governing Body | 13 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 13 | VotingMembersIndependentCnt |
| Total Employee | 19 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $624,621 | PYContributionsGrantsAmt |
| CY Contributions Grants | $396,819 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $10,152,853 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $14,053,813 | CYProgramServiceRevenueAmt |
| PY Investment Income | $9,602 | PYInvestmentIncomeAmt |
| CY Investment Income | -$268,473 | CYInvestmentIncomeAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $10,787,076 | PYTotalRevenueAmt |
| CY Total Revenue | $14,182,159 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $179,222 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $129,999 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $1,898,523 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $2,238,414 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $10,355,369 | PYOtherExpensesAmt |
| CY Other Expenses | $13,329,056 | CYOtherExpensesAmt |
| PY Total Expenses | $12,433,114 | PYTotalExpensesAmt |
| CY Total Expenses | $15,697,469 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$1,646,038 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$1,515,310 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $74,142,409 | TotalAssetsBOYAmt |
| Total Assets EOY | $78,790,006 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $14,185,595 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $20,348,502 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $59,956,814 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $58,441,504 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR SOCIAL WELFARE PURPOSES WITHIN THE MEANING OF SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE, INCLUDING, BUT NOT LIMITED TO PROMOTING ECONOMIC DEVELOPMENT, LESSENING THE BURDENS OF GOVERNMENT, AND REVITALIZING ECONOMICALLY DISTRESSED RURAL AREAS BY CONSTRUCTION AND OPERATING A PUBLICLY FUNDED FIBER-OPTIC NETWORK FOR THE BENEFIT OF THE COMMUNITIES AND CITIZENS OF SOUTHERN VIRGINIA. ADDITIONALLY, THE CORPORATION IS BRIDGING THE DIGITAL DIVIDE IN RURAL AREAS WHERE COMMERCIAL PROVIDERS HAVE NOT FOUND IT TO BE ECONOMICALLY FEASIBLE TO INVEST. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $11,103,411 | ExpenseAmt |
| Grant | $129,999 | GrantAmt |
| Revenue | $14,053,813 | RevenueAmt |
| Desc | MID-ATLANTIC BROADBAND COMMUNITIES CORPORATION ("MBC") CONDUCTS THE FOLLWING ACTIVITIES WITH RESPECT TO THE FIBER OPTIC NETWORK, OPTICAL TRANSPORT SERVICES, CO-LOCATION SERVICES AND DARK FIBER LEASES. THROUGH OPTICAL TRANSPORT SERVICES, MBC PROVIDES DEDICATED OPTICAL TRANSPORT INTERNET SERVICES TO RURAL UNSERVED AND UNDERSERVED AREAS OF SOUTHERN VIRGININIA. THE OPEN ACCESS FIBER-OPTIC NETWORK PROVIDES ACCESS FOR RURAL VIRGINIA AND PROMOTES ECONOMIC DEVELOPMENT, PRIVATE INVESTMENT AND JOB CREATION. THROUGH CO-LOCATION SERVICES, MBC LEASES RACK SPACE FOR LOCATING NETWORK SERVERS AND ELECTRONIC STORAGE EQUIPMENT TO INTERCONNECT WITH TELECOMMUICATIONS NETWORK PROVIDERS. THROUGH DARK FIBER LEASES, MBC PROVIDES FIBER FREE OF CHARGE TO THE VIRGINIA DEPARTMENT OF TRANSPORTATION FOR GOVERNMENT NEEDS AND IN EXCHANGE FOR RIGHT OF WAY ACCESS. IN SOME SITUATIONS, UNUSED FIBERS MAY BE LEASED TO NETWORK PROVIDERS FOR INTERNET ACCESS TO CERTAIN RURAL AREAS. | Desc |
| Total Program Service Expenses | $11,103,411 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Temp Or Permanent Endowments | false | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | false | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (true) | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | Yes (true) | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | false | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | Yes (true) | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (true) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (true) | TransactionWithControlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 22 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 19 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 13 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 13 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | false | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | false | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | Yes (true) | InvestmentInJointVentureInd |
| Written Policy Or Procedure | false | WrittenPolicyOrProcedureInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | PHILLIP D LLOYD | PersonNm |
| Phone | 4345701301 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1100 CONFROY DRIVE STE 4 | AddressLine1Txt |
| City | SOUTH BOSTON | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 24592 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (17 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| PHILLIP LLOYD | |||||||
| SECRETARY | 40.00 | Yes (X) | $79,770 | $0 | $16,059 | ||
| ERNEST R LAIL | |||||||
| DIRECTOR, CH | 1.00 | Yes (X) | $20,560 | $0 | $0 | Yes (X) | |
| EDWARD HODGES | |||||||
| DIRECTOR, VI | 1.00 | Yes (X) | $17,595 | $0 | $0 | Yes (X) | |
| BOB PICCHI | |||||||
| DIRECTOR | 1.00 | Yes (X) | $16,744 | $0 | $0 | ||
| BRYAN DAVID | |||||||
| DIRECTOR | 1.00 | Yes (X) | $15,493 | $0 | $0 | ||
| DUANE DAHLQUIST | |||||||
| DIRECTOR | 1.00 | Yes (X) | $13,333 | $0 | $0 | ||
| GARY WALKER | |||||||
| DIRECTOR | 1.00 | Yes (X) | $12,920 | $0 | $0 | ||
| DAVID HUDGINS | |||||||
| DIRECTOR | 1.00 | Yes (X) | $12,560 | $0 | $0 | ||
| MARK D HEATH | |||||||
| DIRECTOR | 1.00 | Yes (X) | $10,260 | $0 | $0 | ||
| BEN DAVENPORT | |||||||
| DIRECTOR | 1.00 | Yes (X) | $9,850 | $0 | $0 | ||
| RICHARD SHUMAKER | |||||||
| DIRECTOR | 1.00 | Yes (X) | $9,621 | $0 | $0 | ||
| WANDA BOSTICK JEFFRESS | |||||||
| DIRECTOR | 1.00 | Yes (X) | $9,540 | $0 | $0 | ||
| EARVING L BLYTHE | |||||||
| DIRECTOR | 1.00 | Yes (X) | $9,430 | $0 | $0 | ||
| CHARLEY MAJORS | |||||||
| DIRECTOR | 1.00 | Yes (X) | $9,005 | $0 | $0 | ||
| THOMAS DERISO | |||||||
| PRESIDENT & | 40.00 | $296,552 | $0 | $36,321 | Yes (X) | ||
| GRAHAM RAMSEY | |||||||
| VICE PRESIDE | 40.00 | $186,189 | $0 | $36,442 | Yes (X) | ||
| DAVID J KELLER | |||||||
| EMPLOYEE | 40.00 | $157,274 | $0 | $22,284 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $886,696 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $111,106 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 3 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| BETTER CABLE SYSTEMS INC | |||||
| 1230 N MAIN ST | ROXBORO | NC | 27573 | CONSTRUCTION | $815,296 |
| RACO INC | |||||
| 2000 LOTUS DR | GRETNA | VA | 24557 | CONSTRUCTION | $370,958 |
| VFP INC | |||||
| PO BOX 1809 | SALEM | VA | 24592 | CONSTRUCTION | $215,428 |
| GCR | |||||
| PO BOX 511 | SOUTH BOSTON | VA | 24592 | CONSTRUCTION | $195,110 |
| WADDELL SPLICING | |||||
| 261 TAYLORS MILL ROAD | TAZEWELL | VA | 24651 | CONSTRUCTION | $133,903 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 5 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $396,819 | AllOtherContributionsAmt |
| Total Contributions | $396,819 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|
| BROADBAND SERVICES | $11,180,782 | $11,180,782 |
| ECONOMIC EXPANSION | $2,873,031 | $2,873,031 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $14,053,813 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $9,691 | TotalRevenueColumnAmt |
| Exclusion | $9,691 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $20,000 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $298,164 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | -$278,164 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$278,164 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | -$278,164 | RelatedOrExemptFuncIncomeAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $14,182,159 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $13,775,649 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $9,691 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $129,999 | TotalAmt |
| Program Services | $129,999 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $791,379 | TotalAmt |
| Management And General | $791,379 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,050,812 | TotalAmt |
| Management And General | $1,050,812 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $85,996 | TotalAmt |
| Management And General | $85,996 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $197,931 | TotalAmt |
| Management And General | $197,931 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $112,296 | TotalAmt |
| Management And General | $112,296 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $60,341 | TotalAmt |
| Management And General | $60,341 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $78,297 | TotalAmt |
| Management And General | $78,297 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $461,111 | TotalAmt |
| Management And General | $461,111 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $111,926 | TotalAmt |
| Management And General | $111,926 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $56,992 | TotalAmt |
| Management And General | $56,992 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $110,286 | TotalAmt |
| Management And General | $110,286 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $182,735 | TotalAmt |
| Management And General | $182,735 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $257,568 | TotalAmt |
| Management And General | $257,568 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $46,036 | TotalAmt |
| Management And General | $46,036 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,671,181 | TotalAmt |
| Program Services | $5,671,181 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $64,482 | TotalAmt |
| Management And General | $64,482 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| NETWORK OPERATIONS | $2,741,559 | $2,741,559 | |
| ECONOMIC EXPANSION | $2,560,672 | $2,560,672 | |
| BOARD MEETING EXPENSE | $245,968 | $245,968 | |
| RESEARCH & DEVELOPMENT | $243,441 | $243,441 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $436,461 | TotalAmt |
| Management And General | $436,461 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,697,469 | TotalAmt |
| Program Services | $11,103,411 | ProgramServicesAmt |
| Management And General | $4,594,058 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $267,396 | BOYAmt |
| EOY | $11,487,836 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,997,438 | BOYAmt |
| EOY | $250,000 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $201,919 | BOYAmt |
| EOY | $195,157 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $746,914 | BOYAmt |
| EOY | $1,454,539 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $700,441 | BOYAmt |
| EOY | $568,314 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $785,491 | BOYAmt |
| EOY | $446,102 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $109,432,392 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $45,855,572 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $65,738,179 | BOYAmt |
| EOY | $63,576,820 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $704,631 | BOYAmt |
| EOY | $811,238 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $74,142,409 | BOYAmt |
| EOY | $78,790,006 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $565,875 | BOYAmt |
| EOY | $1,759,823 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,619,720 | BOYAmt |
| EOY | $18,588,679 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,185,595 | BOYAmt |
| EOY | $20,348,502 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,628,589 | BOYAmt |
| EOY | $16,179,993 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $46,328,225 | BOYAmt |
| EOY | $42,261,511 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $59,956,814 | BOYAmt |
| EOY | $58,441,504 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $74,142,409 | BOYAmt |
| EOY | $78,790,006 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$1,515,310 | ReconcilationRevenueExpnssAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $271,438 | OtherCostOrOtherBasisAmt |
| Depreciation | $120,671 | DepreciationAmt |
| Book Value | $150,767 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $116,479 | OtherCostOrOtherBasisAmt |
| Depreciation | $40,089 | DepreciationAmt |
| Book Value | $76,390 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $106,547,767 | OtherCostOrOtherBasisAmt |
| Depreciation | $45,694,812 | DepreciationAmt |
| Book Value | $60,852,955 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,496,708 | OtherCostOrOtherBasisAmt |
| Book Value | $2,496,708 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $63,576,820 | TotalBookValueLandBuildingsAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE D, PAGE 3, PART X | FormAndLineReferenceDesc |
| Explanation | THE CORPORATION HAS ANALYZED FILING POSITIONS IN ALL OF THE FEDERAL AND STATE JURSIDICTIONS WHERE IT IS REQUIRED TO FILE INCOME TAX RETURNS, INCLUDING THE CORPORATION'S STATUS AS A TAX EXEMPT ENTITY. THE CORPORATION RECOGNIZES INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST AND INCOME TAX EXPENSE, RESPECTIVELY. THE CORPORATION BELIEVES ITS INCOME TAX FILING POSITIONS, INCLUDING STATUS AS A TAX EXEMPT ENTITY WILL BE SUSTAINED ON AUDIT AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WILL RESULT IN A MATERIAL CHANGE TO ITS FINANCIAL POSITION. THEREFORE, NO RESERVES FOR UNCERTAIN TAX POSITIONS, NOR INTEREST AND PENALTIES HAVE BEEN RECORDED IN THE FINANCIAL STATEMENTS. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (11 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|
| SOUTHER VIRGINIA HIGHER EDUCATION C | |||||||
| 820 BRUCE STREET | SOUTH BOSTON | VA | 24592 | 141931584 | 501(C) | $60,000 | IT ACADEMY |
| ALTAVISTA HIGH SCHOOL ROBOTICS | |||||||
| 904 BEDFORD AVENUE | ALTAVISTA | VA | 24517 | 546001185 | GOV | $9,333 | ROBOTICS PROGRAM |
| PIEDMONT GOVERNOR'S SCHOOL | |||||||
| 191 FAYETTE STREET | MARTINSVILLE | VA | 24112 | 546001348 | GOV | $9,333 | ROBOTICS PROGRAM |
| TUNSTALL ROBOTICS BOOSTER CLUB | |||||||
| 100 TROJAN CIRCLE | DRY FORK | VA | 24549 | 546001510 | GOV | $6,000 | ROBOTICS PROGRAM |
| CENTRAL HIGH SCHOOL | |||||||
| 131 KV RD | VICTORIA | VA | 23974 | 546001403 | GOV | $6,000 | ROBOTICS PROGRAM |
| SUSSEX COUNTY PUBLIC SCHOOLS | |||||||
| 21302 SUSSEX DRIVE | STONY CREEK | VA | 23882 | 546001644 | GOV | $6,000 | ROBOTICS PROGRAM |
| CUMBERLAND HIGH SCHOOL | |||||||
| PO BOX 140 | CUMBERLAND | VA | 23040 | 546001241 | GOV | $6,000 | ROBOTICS PROGRAM |
| GW HIGH SCHOOL FIRST ROBOTICS CLUB | |||||||
| 701 BROAD STREET | DANVILLE | VA | 24540 | 546001248 | GOV | $9,333 | ROBOTICS PROGRAM |
| MARTINSVILLE CITY PUBLIC SCHOOLS | |||||||
| PO BOX 5548 | MARTINSVILLE | VA | 24115 | 546001415 | GOV | $6,000 | ROBOTICS PROGRAM |
| BLUESTONE HIGH SCHOOL ROBOTICS | |||||||
| 6825 SKIPWITH ROAD | SKIPWITH | VA | 23968 | 546001423 | GOV | $6,000 | ROBOTICS PROGRAM |
| HALIFAX COUNTY ROBOTICS TEAM | |||||||
| PO BOX 310 | SOUTH BOSTON | VA | 24592 | 546001335 | GOV | $6,000 | ROBOTICS PROGRAM |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE I, PAGE 1, PART I, LINE 2 | FormAndLineReferenceDesc |
| Explanation | PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS CONSIST OF A COROPORATION STAFF MEMBER PERFORMING REGULAR FIELD VISITS TO DISCUSS AND REVIEW GRANT FUNDED PROJECTS. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| First Class Or Charter Travel | Yes (X) | FirstClassOrCharterTravelInd |
| Written Policy Ref T And E Expnss | false | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (true) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (true) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (3 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt |
|---|---|---|---|---|---|---|
| THOMAS DERISO | ||||||
| PRESIDENT & CEO | $199,908 | $93,788 | $2,856 | $20,655 | $15,666 | $332,873 |
| GRAHAM RAMSEY | ||||||
| VICE PRESIDENT | $147,719 | $37,600 | $870 | $15,265 | $21,177 | $222,631 |
| DAVID J KELLER | ||||||
| EMPLOYEE | $127,274 | $30,000 | $12,750 | $9,534 | $179,558 | |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE J, PAGE 1, PART I, LINE 1B | CHARTER AIR TRAVEL IS USED RARELY BY THE CORPORATION IF THE TOTAL COSTS ARE SIMILAR TO COMMERCIAL AIR TRAVEL AND SIGNIFICANT TIME SAVINGS ARE AVAILABLE OVER OTHER FORMS OF TRANSPORTATION. |
| SCHEDULE J, PAGE 1, PART I, LINE 7 | UNDER THE TERMS OF HIS EMPLOYMENT AGREEMENT, THE PRESIDENT MAY BE AWARDED A DISCRETIONARY PERFORMANCE BONUS EACH YEAR BASED ON SUCCESSFUL ACHIEVEMENT OF THE PERFORMANCE INDICATORS SET FORTH SOLELY BY THE BOARD OF DIRECTORS. IN ADDITION, OTHER OFFICERS OF THE ORGANIZATION MAY BE AWARDED A DISCRETIONARY PERFORMANCE BONUS EACH YEAR BASED ON SUCCESSFUL ACHIEVEMENT OF THE PERFORMANCE INDICATORS SET FORTH SOLELY BY THE BOARD OF DIRECTORS. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990 - ORGANIZATION'S MISSION | THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR SOCIAL WELFARE PURPOSES WITHIN THE MEANING OF SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE, INCLUDING, BUT NOT LIMITED TO PROMOTING ECONOMIC DEVELOPMENT, LESSENING THE BURDENS OF GOVERNMENT, AND REVITALIZING ECONOMICALLY DISTRESSED RURAL AREAS BY CONSTRUCTION AND OPERATING A PUBLICLY FUNDED FIBER-OPTIC NETWORK FOR THE BENEFIT OF THE COMMUNITIES AND CITIZENS OF SOUTHERN VIRGINIA. ADDITIONALLY, THE CORPORATION IS BRIDGING THE DIGITAL DIVIDE IN RURAL AREAS WHERE COMMERCIAL PROVIDERS HAVE NOT FOUND IT TO BE ECONOMICALLY FEASIBLE TO INVEST. |
| FORM 990, PAGE 2, PART III, LINE 4A | FOR GOVERNMENT NEEDS AND IN EXCHANGE FOR RIGHT OF WAY ACCESS. IN SOME SITUATIONS, UNUSED FIBERS MAY BE LEASED TO NETWORK PROVIDERS FOR INTERNET ACCESS TO CERTAIN RURAL AREAS. |
| FORM 990, PART VI | LINE 16A - DURING THE TAX YEAR, MID-ATLANTIC BROADBAND COMMUNITIES CORPORATION ("MBC") WAS THE MEMBER-MANAGER OF LIT NETWORKS LLC ("THE COMPANY"), A DELAWARE LIMITED LIABILITY COMPANY. LIT NETWORKS LLC IS A BROADBAND TELECOMMUNICATIONS COMPANY, WHOSE PURPOSE IS TO SELL WHOLESALE LONG-HAUL ROUTES OF DARK FIBER OPTIC STRANDS TO ITS MEMBERS AND OTHER COMMERCIAL CARRIERS. LIT NETWORKS LLC IS A JOINT VENTURE BETWEEN MBC AND SIX OTHER MEMBERS, CONSISTING OF AN UTILITIES AUTHORITY, COOPERATIVES AND COMPANIES. EACH MEMBER RECEIVES A SHARE OF THE COMPANY'S INCOME BASED ON THEIR PROPORTIONATE SHARE OF MILES OF FIBER CONTRIBUTED AS CAPITAL. MBC'S SHARE OF THE COMPANY'S REVENUE IS 38.87%. AS MANAGER OF THE COMPANY, MBC HAS CONTROL OVER THE COMPANY'S DAY-TO-DAY BUSINESS AND AFFAIRS. IN CREATING THIS JOINT VENTURE, MBC IS FURTHERING ITS MISSION BY CONTINUING TO PROMOTE ECONOMIC DEVELOPMENT AND EXPANDING THE FIBER-OPTIC NETWORK WITHIN SOUTHERN VIRGINIA. |
| FORM 990, PAGE 6, PART VI, LINE 11B | CORPORATION STAFF PREPARES AND SUBMITS FORM 990 INFORMATION TO CPA FIRM, A DRAFT FORM 990 IS PREPARED BY CPA FIRM, AND CORPORATION STAFF AND CPA FIRM STAFF REVIEW AND FINALIZE DRAFT. THE PREPARED FORM 990 IS THEN REVIEWED BY THE CORPORATION'S PRESIDENT AND BY THE CHAIRMAN OF THE BOARD OF DIRECTORS PRIOR TO BEING FILED WITH THE IRS. |
| FORM 990, PAGE 6, PART VI, LINE 12C | AN ANNUAL REQUEST FOR DISCLOSURE OF POTENTIAL CONFLICTS OF INTEREST IS COMPLETED BY ALL OFFICERS AND DIRECTORS TO DETERMINE IF THERE ARE ANY SIGNIFICANT RISKS TO THE ORGANIZATION. AFTER DISCLOSURE OF A FINANCIAL INTEREST AND ALL MATERIAL FACTS RELATING TO A FINANCIAL INTEREST, AND AFTER ANY DISCUSSION WITH AN INTEREST PERSON, HE/SHE SHALL RECUSE HIMSELF/HERSELF WHILE THE FINANCIAL INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OF EXECUTIVES COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. |
| FORM 990, PAGE 6, PART VI, LINE 15A | COMPENSATION REQUESTS FOR THE PRESIDENT WERE SUBMITTED TO THE INDEPENDENT COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS FOR REVIEW, CONSIDERATION AND RECOMMENDATION TO THE FULL BOARD OF DIRECTORS. COMPARABILITY DATA WAS USED FROM AN INDEPENDENT COMPENSATION STUDY TO ESTABLISH COMPENSATION FOR THIS POSITION. AFTER DELIBERATION, THE FULL BOARD VOTED AND APPROVED THE PROPOSED COMPENSATION REQUEST. THE DELIBERATIONS AND APPROVAL PROCESS ARE DOCUMENTED IN THE COMMITTEE AND FULL BOARD MEETING MINUTES. THIS PROCESS WAS LAST UNDERTAKEN DURING THE FISCAL YEAR 2017. |
| FORM 990, PAGE 6, PART VI, LINE 15B | COMPARABILITY DATA WAS USED FROM AN INDEPENDENT COMPENSATION STUDY TO ESTABLISH COMPENSATION FOR THESE POSITIONS. |
| FORM 990, PAGE 6, PART VI, LINE 19 | FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICIES ARE NOT REQUIRED TO BE DISCLOSED. ACCORDINGLY, THESE DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC AT THIS TIME. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MBCC DEVELOPMENT LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1100 CONFROY DRIVE ST 4 | AddressLine1Txt |
| City | SOUTH BOSTON | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 24592 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 474276831 | EIN |
| Primary Activities | FIBER | PrimaryActivitiesTxt |
| Legal Domicile State | VA | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MBC | BusinessNameLine1Txt |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MBC TOWERS INC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1100 CONFROY DRIVE SUITE 4 | AddressLine1Txt |
| City | SOUTH BOSTON | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 24592 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Primary Activities | TOWER INST | PrimaryActivitiesTxt |
| Legal Domicile State | VA | LegalDomicileStateCd |
| Direct Controlling NA | N/A | DirectControllingNACd |
| Share Of Total Income | $534,428 | ShareOfTotalIncomeAmt |
| Share Of EOY Assets | $497,392 | ShareOfEOYAssetsAmt |
| Ownership | 1.00000 | OwnershipPct |
| Controlled Organization | Yes (true) | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (true) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | false | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | false | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | false | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | false | SharingOfFacilitiesInd |
| Paid Employees Sharing | false | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp
Other Organization Name OtherOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MBC TOWERS INC | BusinessNameLine1Txt |
| Business Name Line2 | MBC TOWERS INC | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | B | TransactionTypeTxt |
| Involved | $80,017 | InvolvedAmt |
| Method Of Amount Determination | CAPITAL CONTRIBUTIONS | MethodOfAmountDeterminationTxt |