2025-03-12T11:07:17-05:00 2024-06-30 521224986 PKS & COMPANY PA 1801 SWEETBAY DRIVE SALISBURY MD 21804 990 2023-07-01 020783564 MARYLAND BROADBAND COOPERATIVE INC MARY 4103416322 2129 NORTHWOOD DRIVE SUITE A SALISBURY MD 21801 TIMOTHY HAYES VP OF FINANCE 4103416322 2025-03-04 1 0 JAMES D MAYBURY CPA P01082211 4105465600 2023 2025-03-06 01:10:19Z TIMOTHY HAYES 2129A NORTHWOOD DR SALISBURY MD 21801 8828305 0 X WWW.MDBC.US X 2000 MD TO ORGANIZE, DEVELOP, CONSTRUCT, OPERATE, MAINTAIN, AND MARKET A FIBER OPTIC CABLE NETWORK WITHIN THE STATE OF MARYLAND AND ADJACENT STATES, IN ORDER TO PROMOTE ECONOMIC DEVELOPMENT OF THIS REGION FOR THE BENEFIT OF ALL ITS CITIZENS. 11 11 26 0 15703 14703 175497 75172 8732801 7169805 15216 221 107770 1517218 9031284 8762416 0 0 0 0 2838603 3014878 0 0 0 5897548 6169644 8736151 9184522 295133 -422106 13982344 14793277 7260898 8493937 6721446 6299340 X TO DRIVE ECONOMIC DEVELOPMENT THROUGH UNIVERSAL, OPEN ACCESS TO BROADBAND SERVICES VIA A FIBER OPTIC NETWORK THAT SERVES RURAL MARYLAND BY BUILDING AN ADVANCED, WORLD-CLASS BROADBAND NETWORK ACROSS THE RURAL COMMUNITIES OF EASTERN, SOUTHERN AND WESTERN MARYLAND. SUPPORTED BY ITS MEMBERS WHO PROVIDE "LAST MILE" SERVICES 0 0 9184522 8636344 TO ORGANIZE DEVELOP, CONSTRUCT, OPERATE, MAINTAIN, AND MARKET A FIBER OPTIC CABLE NETWORK WITHIN THE STATE OF MARYLAND AND ADJACENT STATES, IN ORDER TO PROMOTE ECONOMIC DEVELOPMENT OF THIS REGION FOR THE BENEFIT OF ALL ITS CITIZENS. 9184522 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 11 0 1 26 1 1 1 0 0 0 0 0 0 0 0 6786614 383191 0 0 0 X 11 11 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MD X ANDREW VAN DOPP 4103416322 2129A NORTHWOOD DRIVE SALISBURY MD 21804 TIM MCGAHA CHAIRMAN 2.00 X X 0 0 0 TOM DENNISON DIRECTOR 2.00 X 0 0 0 SCOTT WARNER DIRECTOR 2.00 X 0 0 0 GREGORY PADGHAM DIRECTOR 2.00 X 0 0 0 BRIAN ROCHE VICE CHAIRMAN 2.00 X X 0 0 0 NATHANIAL WATKINS TREASURER 2.00 X X 0 0 0 TED BOOK SECRETARY 2.00 X X 0 0 0 SUSAN O'NEILL DIRECTOR 2.00 X 0 0 0 ANDREW VAN DOPP CEO/PRESIDENT 40.00 X X 303903 0 72084 GUY WINTERBERG DIRECTOR 2.00 X 0 0 0 JEREMEY SWEENEY DIRECTOR 2.00 X 0 0 0 TIM HAYES CFO 40.00 X X 203714 0 20371 ROB THOMPSON COO 40.00 X 236206 0 53550 DAVID MILLER EMPLOYEE 40.00 X 104929 0 0 WAYNE M HOWARD EMPLOYEE 40.00 X 164837 0 49628 THURMAN PETERMAN EMPLOYEE 40.00 X 120304 0 50209 1133893 0 245842 6 0 1 0 LTE FIBERS LLC 706 NAYLOR MILL RD SUITE B SALISBURY MD 21801 FIBER SERVICE 977409 KCI COMMUNICATIONS INFRASTRUCTURE 921 MERCANTILE DR SUITES KJH HANOVER MD 21076 FIBER SERVICE 900386 PILLAR INNOVATIONS 92 CORPORATE DRIVE GRANTSVILLE MD 21536 FIBER SERVICE 808300 MD LIGHT SOURCE 159 WALDO ROAD PASADENA MD 21122 SPLICE SERVICE 548762 EQUINIX 4252 SOLUTIONS CENTER CHICAGO IL 60677 COLOCATION SERVICE 318060 13 500 74672 75172 FIBER LEASES 900099 4134637 4134637 SPLICING 230000 2123635 2123635 MAINTENANCE FEE 900099 657909 657909 INSTALLATION AND PREMIUMS 541900 215252 215252 OUTSIDE CONSTRUCTION 230000 38372 38372 7169805 221 221 116789 65889 50900 50900 15703 35197 INSURANCE RECOVERIES 541900 1466318 1466318 1466318 8762416 8636344 15703 35197 X 1444695 1080716 74421 251374 163672 1644736 30136 104022 1199942 84015 48092 240803 65595 35262 9489 52820 881162 130320 HUT/ FIBER OPERATING CO 960236 FIBER LEASES 349568 BANDWIDTH COSTS 155995 AUTOMOBILE EXPENSES 144016 33435 9184522 617757 658556 456655 352921 720000 785831 977061 26949 554580 335307 128191 117338 63965818 6089162 57056561 57876656 -45644180 -46244562 13982344 14793277 3124373 4580942 2079020 2129771 1155418 1007395 902087 775829 7260898 8493937 X 0 0 0 0 6721446 6299340 6721446 6299340 13982344 14793277 -422106 0 X 0 1 X 1 0 1857364 1650132 446761 3060735 41576 34646 6930 4389135 3423014 3310059 4502090 46759552 5845045 2297696 50306901 57876656 OPERATING LEASE 775829 775829 X 8827805 65889 65889 8761916 500 500 8762416 9250411 65889 65889 9184522 0 9184522 PART X, LINE 2: AS OF JUNE 30, THE ORGANIZATION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS UNDER ASC TOPIC 450. FURTHER, NO INTEREST OR PENALTIES HAVE BEEN ACCRUED OR CHARGED TO EXPENSE. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 65,889. PART XI, LINE 4B - OTHER ADJUSTMENTS: MEMBER CONTRIBUTIONS ARE TREATED AS EQUITY TRANSACTIONS 500. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 65,889. X 1 1 X 0 0 0 ANDREW VAN DOPP CEO/PRESIDENT 267469 0 36434 0 0 0 29000 0 43084 0 375987 0 0 0 ROB THOMPSON COO 198614 0 37592 0 0 0 22946 0 30604 0 289756 0 0 0 TIM HAYES CFO 177614 0 26100 0 0 0 20371 0 0 0 224085 0 0 0 WAYNE M HOWARD EMPLOYEE 138358 0 26479 0 0 0 16349 0 33279 0 214465 0 0 0 THURMAN PETERMAN EMPLOYEE 115706 0 4598 0 0 0 11760 0 38449 0 170513 0 0 0 DAVID MILLER EMPLOYEE 92039 0 12890 0 0 0 0 0 0 0 104929 0 0 0 PART I, LINE 1A TRAVEL FOR SPOUSE FOR CERTAIN BUSINESS RELATED EVENTS/MEETINGS. ALLOWED PER BOARD POLICY. FORM 990, PART VI, SECTION A, LINE 6 MARYLAND BROADBAND COOPERATIVE OFFERS FIVE TYPES OF MEMBERSHIPS TO THE COOPERATIVE, DEPENDING ON THE MEMBER'S INDUSTRY. FORM 990, PART VI, SECTION A, LINE 7A ALL MEMBERS HAVE THE RIGHT TO ATTEND THE ANNUAL MEETING AND TO VOTE FOR DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE 990 WAS PROVIDED TO THE COOPERATIVE'S EXTERNAL FINANCIAL ADVISOR AS WELL AS THE COOPERATIVE'S CEO PRIOR TO FILING THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C THE POLICY IS FILLED OUT ANNUALLY AND REVIEWED BY THE CEO. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS DETERMINES THE CHIEF EXECUTIVE OFFICER'S SALARY ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 18 FORMS 1024 AND 990 ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONSTRUCTION CONTRACTORS 1,199,942.