2017-12-05T10:59:38-05:00 2017-06-30 541896113 ROBINSON FARMER COX ASSOCIATES 530 WESTFIELD RD CHARLOTTESVILLE VA 229011726 990 2016-07-01 270076588 MID-ATLANTIC BROADBAND COMMUNITIES CORPORATION MID- 1100 CONFROY DRIVE STE 4 SOUTH BOSTON VA 24592 THOMAS DERISO PRESIDENT & CEO 2017-11-14 DAVID E FOLEY P01457488 4349738314 2017-12-05 5DE83D308AF21EAAC4F44A572013746C71D0E517 5DE83D308AF21EAAC4F44A572013746C71D0E517 2016 2017-02-10 21:41:12Z THOMAS DERISO 14480323 false X WWW.MBC-VA.COM X 2004 VA 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. 13 13 19 0 624621 396819 10152853 14053813 9602 -268473 0 10787076 14182159 179222 129999 0 1898523 2238414 0 0 10355369 13329056 12433114 15697469 -1646038 -1515310 74142409 78790006 14185595 20348502 59956814 58441504 X 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. false false 11103411 129999 14053813 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. 11103411 false true false false false false false false false true false false false false true false true false false false false false false false false false true false true false false false false false false false false false false false false true true true true false true 22 0 true 19 true false false false false false false X 13 13 false false false false false false false true true false false false true true true false true true true true false PHILLIP D LLOYD 4345701301 1100 CONFROY DRIVE STE 4 SOUTH BOSTON VA 24592 PHILLIP LLOYD SECRETARY 40.00 X 79770 0 16059 ERNEST R LAIL DIRECTOR, CH 1.00 X X 20560 0 0 EDWARD HODGES DIRECTOR, VI 1.00 X X 17595 0 0 BOB PICCHI DIRECTOR 1.00 X 16744 0 0 BRYAN DAVID DIRECTOR 1.00 X 15493 0 0 DUANE DAHLQUIST DIRECTOR 1.00 X 13333 0 0 GARY WALKER DIRECTOR 1.00 X 12920 0 0 DAVID HUDGINS DIRECTOR 1.00 X 12560 0 0 MARK D HEATH DIRECTOR 1.00 X 10260 0 0 BEN DAVENPORT DIRECTOR 1.00 X 9850 0 0 RICHARD SHUMAKER DIRECTOR 1.00 X 9621 0 0 WANDA BOSTICK JEFFRESS DIRECTOR 1.00 X 9540 0 0 EARVING L BLYTHE DIRECTOR 1.00 X 9430 0 0 CHARLEY MAJORS DIRECTOR 1.00 X 9005 0 0 THOMAS DERISO PRESIDENT & 40.00 X 296552 0 36321 GRAHAM RAMSEY VICE PRESIDE 40.00 X 186189 0 36442 DAVID J KELLER EMPLOYEE 40.00 X 157274 0 22284 886696 111106 3 false true false BETTER CABLE SYSTEMS INC 1230 N MAIN ST ROXBORO NC 27573 CONSTRUCTION 815296 RACO INC 2000 LOTUS DR GRETNA VA 24557 CONSTRUCTION 370958 VFP INC PO BOX 1809 SALEM VA 24592 CONSTRUCTION 215428 GCR PO BOX 511 SOUTH BOSTON VA 24592 CONSTRUCTION 195110 WADDELL SPLICING 261 TAYLORS MILL ROAD TAZEWELL VA 24651 CONSTRUCTION 133903 5 396819 396819 BROADBAND SERVICES 11180782 11180782 ECONOMIC EXPANSION 2873031 2873031 14053813 9691 9691 20000 298164 -278164 -278164 -278164 14182159 13775649 9691 129999 129999 791379 791379 1050812 1050812 85996 85996 197931 197931 112296 112296 60341 60341 78297 78297 461111 461111 111926 111926 56992 56992 110286 110286 182735 182735 257568 257568 46036 46036 5671181 5671181 64482 64482 NETWORK OPERATIONS 2741559 2741559 ECONOMIC EXPANSION 2560672 2560672 BOARD MEETING EXPENSE 245968 245968 RESEARCH & DEVELOPMENT 243441 243441 436461 436461 15697469 11103411 4594058 0 267396 11487836 4997438 250000 201919 195157 746914 1454539 700441 568314 785491 446102 109432392 45855572 65738179 63576820 704631 811238 74142409 78790006 565875 1759823 13619720 18588679 14185595 20348502 X 13628589 16179993 46328225 42261511 59956814 58441504 74142409 78790006 -1515310 X false true X true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 271438 120671 150767 116479 40089 76390 106547767 45694812 60852955 2496708 2496708 63576820 X SCHEDULE D, PAGE 3, PART X 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. true SOUTHER VIRGINIA HIGHER EDUCATION C 820 BRUCE STREET SOUTH BOSTON VA 24592 141931584 501(C) 60000 IT ACADEMY ALTAVISTA HIGH SCHOOL ROBOTICS 904 BEDFORD AVENUE ALTAVISTA VA 24517 546001185 GOV 9333 ROBOTICS PROGRAM PIEDMONT GOVERNOR'S SCHOOL 191 FAYETTE STREET MARTINSVILLE VA 24112 546001348 GOV 9333 ROBOTICS PROGRAM TUNSTALL ROBOTICS BOOSTER CLUB 100 TROJAN CIRCLE DRY FORK VA 24549 546001510 GOV 6000 ROBOTICS PROGRAM CENTRAL HIGH SCHOOL 131 KV RD VICTORIA VA 23974 546001403 GOV 6000 ROBOTICS PROGRAM SUSSEX COUNTY PUBLIC SCHOOLS 21302 SUSSEX DRIVE STONY CREEK VA 23882 546001644 GOV 6000 ROBOTICS PROGRAM CUMBERLAND HIGH SCHOOL PO BOX 140 CUMBERLAND VA 23040 546001241 GOV 6000 ROBOTICS PROGRAM GW HIGH SCHOOL FIRST ROBOTICS CLUB 701 BROAD STREET DANVILLE VA 24540 546001248 GOV 9333 ROBOTICS PROGRAM MARTINSVILLE CITY PUBLIC SCHOOLS PO BOX 5548 MARTINSVILLE VA 24115 546001415 GOV 6000 ROBOTICS PROGRAM BLUESTONE HIGH SCHOOL ROBOTICS 6825 SKIPWITH ROAD SKIPWITH VA 23968 546001423 GOV 6000 ROBOTICS PROGRAM HALIFAX COUNTY ROBOTICS TEAM PO BOX 310 SOUTH BOSTON VA 24592 546001335 GOV 6000 ROBOTICS PROGRAM SCHEDULE I, PAGE 1, PART I, LINE 2 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. X false true X X X X X X false false false false false false false true false THOMAS DERISO PRESIDENT & CEO 199908 93788 2856 20655 15666 332873 GRAHAM RAMSEY VICE PRESIDENT 147719 37600 870 15265 21177 222631 DAVID J KELLER EMPLOYEE 127274 30000 12750 9534 179558 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. 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. 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