Nonprofit · EIN 27-0076588
MID-ATLANTIC BROADBAND COMMUNITIES CORPORATION
Tax-exempt · SOUTH BOSTON, VA 24592
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $24,498,772 | $22,317,815 | $2,180,957 | $183,253,177 | $131,532,894 | $51,720,283 |
| June 30, 2024 | 990 | $19,027,098 | $19,939,323 | -$912,225 | $143,369,439 | $93,830,113 | $49,539,326 |
| June 30, 2023 | 990 | $17,476,892 | $18,034,342 | -$557,450 | $103,844,542 | $53,392,991 | $50,451,551 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $3,055,661
- of which government grants
- $3,055,328
- Program service revenue
- $20,581,288
- Investment income
- $573,171
- Net gain from sales of assets
- -$66,416
- Other revenue
- $288,652
Expenses
- Grants and similar amounts paid
- $551,421
- Compensation of officers, directors and key employees
- $2,871,088
- Other salaries and wages
- $2,591,286
- Salaries, compensation and benefits (total)
- $6,204,176
- Professional fundraising fees
- $0
- Legal fees
- $89,755
- Accounting fees
- $52,450
- Occupancy
- $142,556
- Travel
- $50,469
- Depreciation
- $8,921,525
- Program services (functional)
- $15,167,625
- Management and general (functional)
- $7,150,190
Balance sheet and other
- Total assets, start of year
- $143,369,439
- Total assets, end of year
- $183,253,177
- Total liabilities, end of year
- $131,532,894
- Net assets, end of year
- $51,720,283
- Land, buildings and equipment
- $138,929,674
- Net assets without donor restrictions
- $34,398,068
- Net assets with donor restrictions
- $17,322,215
- Gross receipts
- $24,565,188
- Employees
- 32
- Year formed
- 2004
- State of legal domicile
- VA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| THOMAS DERISO | PRESIDENT & Officer | 40 | $493,801 | $55,497 |
| DAVID KELLER | KEY EMPLOYEE Key employee | 40 | $312,898 | $35,665 |
| MARK PETTY | KEY EMPLOYEE Key employee | 40 | $282,763 | $52,536 |
| PHILLIP LLOYD | SECRETARY/TR Officer | 40 | $175,900 | $32,271 |
| CHASE WEDDLE | KEY EMPLOYEE Key employee | 40 | $159,846 | $37,136 |
| SARAH MILLER | HIGHEST CMP Highest-paid employee | 40 | $149,256 | $37,671 |
| PATRICIA CONNER | KEY EMPLOYEE Key employee | 40 | $172,895 | $13,985 |
| BEN BURCHETTE | KEY EMPLOYEE Key employee | 40 | $161,902 | $23,416 |
| TIMOTHY AGEE | HIGHEST CMP Highest-paid employee | 40 | $112,276 | $39,561 |
| LAUREN MATHENA | HIGHEST CMP Highest-paid employee | 40 | $107,170 | $27,777 |
| CHRISTOPHER FEWOX | HIGHEST CMP Highest-paid employee | 40 | $113,419 | $11,774 |
| CHRISTOPHER COLEMAN | HIGHEST CMP Highest-paid employee | 40 | $104,031 | $10,409 |
| ERNEST R LAIL | DIRECTOR, CH Trustee or director, Officer | 1 | $22,355 | $0 |
| EDWARD HODGES | DIRECTOR, VI Trustee or director, Officer | 1 | $18,055 | $0 |
| BOB PICCHI | DIRECTOR Trustee or director | 1 | $16,568 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRYAN DAVID | DIRECTOR Trustee or director | 1 | $15,925 |
| DUANE DAHLQUIST | DIRECTOR Trustee or director | 1 | $12,900 |
| CHARLES MAJORS | DIRECTOR Trustee or director | 1 | $12,875 |
| MARK D HEATH | DIRECTOR Trustee or director | 1 | $12,600 |
| TELLY TUCKER | DIRECTOR Trustee or director | 1 | $12,125 |
| DAVID HUDGINS | DIRECTOR Trustee or director | 1 | $11,575 |
| EARVING L BLYTHE | DIRECTOR Trustee or director | 1 | $10,575 |
| RICHARD SHUMAKER | DIRECTOR Trustee or director | 1 | $10,575 |
| MAURICE FERRELL | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 23 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| THOMAS DERISO | PRESIDENT & Officer | 40 | $398,429 | $0 | $59,084 |
| DAVID KELLER | KEY EMPLOYEE Key employee | 40 | $270,697 | $0 | $33,239 |
| MARK PETTY | KEY EMPLOYEE Key employee | 40 | $242,551 | $0 | $49,853 |
| PHILLIP LLOYD | SECRETARY/TR Officer | 40 | $152,481 | $0 | $30,858 |
| MARK VARAH | FORMER KEY E Former | 15 | $180,000 | $0 | $0 |
| PATRICIA CONNER | HIGHEST CMP Highest-paid employee | 40 | $141,150 | $0 | $12,738 |
| CHASE WEDDLE | DIRECTOR Highest-paid employee | 40 | $132,658 | $10,282 | $0 |
| BEN BURCHETTE | DIRECTOR Highest-paid employee | 40 | $130,368 | $10,284 | $0 |
| SARAH MILLER | HIGHEST CMP Highest-paid employee | 40 | $120,382 | $11,918 | $0 |
| CHRISTOPHER FEWAX | HIGHEST CMP Highest-paid employee | 40 | $104,009 | $9,577 | $0 |
| ERNEST R LAIL | DIRECTOR, CH Trustee or director, Officer | 1 | $19,960 | $0 | $0 |
| EDWARD HODGES | DIRECTOR, VI Trustee or director, Officer | 1 | $16,360 | $0 | $0 |
| BRYAN DAVID | DIRECTOR Trustee or director | 1 | $15,879 | $0 | $0 |
| BOB PICCHI | DIRECTOR Trustee or director | 1 | $15,862 | $0 | $0 |
| DUANE DAHLQUIST | DIRECTOR Trustee or director | 1 | $12,800 | $0 | $0 |
| MARK D HEATH | DIRECTOR Trustee or director | 1 | $12,200 | $0 | $0 |
| GARY WALKER | DIRECTOR Trustee or director | 1 | $12,200 | $0 | $0 |
| DAVID HUDGINS | DIRECTOR Trustee or director | 1 | $11,400 | $0 | $0 |
| CHARLES MAJORS | DIRECTOR Trustee or director | 1 | $11,000 | $0 | $0 |
| EARVING L BLYTHE | DIRECTOR Trustee or director | 1 | $10,400 | $0 | $0 |
| RICHARD SHUMAKER | DIRECTOR Trustee or director | 1 | $10,400 | $0 | $0 |
| TELLY TUCKER | DIRECTOR Trustee or director | 1 | $8,150 | $0 | $0 |
| BEN DAVENPORT | DIRECTOR Trustee or director | 1 | $6,000 | $0 | $0 |
990 for the year ended June 30, 2023: 22 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| THOMAS DERISO | PRESIDENT & Officer | 40 | $624,764 | $28,420 |
| MARK VARAH | KEY EMPLOYEE Key employee | 40 | $461,393 | $17,856 |
| DAVID KELLER | KEY EMPLOYEE Key employee | 40 | $403,273 | $18,727 |
| MARK PETTY | KEY EMPLOYEE Key employee | 40 | $370,402 | $17,211 |
| SARAH MILLER | HIGHEST CMP Highest-paid employee | 40 | $142,532 | $14,354 |
| PHILLIP LLOYD | SECRETARY/TR Officer | 40 | $136,211 | $10,425 |
| PATRICIA CONNER | DIRECTOR Highest-paid employee | 40 | $117,763 | $9,586 |
| BEN BURCHETTE | DIRECTOR Highest-paid employee | 40 | $107,064 | $8,550 |
| CHASE WEDDLE | DIRECTOR Highest-paid employee | 40 | $106,637 | $8,549 |
| CHRISTOPHER FEWAX | HIGHEST CMP Highest-paid employee | 40 | $103,679 | $9,209 |
| ERNEST R LAIL | DIRECTOR, CH Trustee or director, Officer | 1 | $19,960 | $0 |
| EDWARD HODGES | DIRECTOR, VI Trustee or director, Officer | 1 | $16,360 | $0 |
| BOB PICCHI | DIRECTOR Trustee or director | 1 | $15,898 | $0 |
| BRYAN DAVID | DIRECTOR Trustee or director | 1 | $15,665 | $0 |
| DUANE DAHLQUIST | DIRECTOR Trustee or director | 1 | $12,800 | $0 |
| MARK D HEATH | DIRECTOR Trustee or director | 1 | $12,200 | $0 |
| GARY WALKER | DIRECTOR Trustee or director | 1 | $12,200 | $0 |
| BEN DAVENPORT | DIRECTOR Trustee or director | 1 | $12,000 | $0 |
| DAVID HUDGINS | DIRECTOR Trustee or director | 1 | $11,400 | $0 |
| CHARLES MAJORS | DIRECTOR Trustee or director | 1 | $11,000 | $0 |
| EARVING L BLYTHE | DIRECTOR Trustee or director | 1 | $10,400 | $0 |
| RICHARD SHUMAKER | DIRECTOR Trustee or director | 1 | $10,400 | $0 |
Address and contacts
- Address (IRS master file)
- 715 WILBORN AVE, SOUTH BOSTON, VA 24592-3123
- In care of
- % PHILLIP D LLOYD
- Principal officer (990 for 2024)
- THOMAS DERISO
- Signed the 990
- PHILLIP LLOYD, SECRETARY/TREASURER
- Website
- WWW.MBC-VA.COM
- Return prepared by
- ROBINSON FARMER COX ASSOCIATES
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.
Program accomplishments
- 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 VIRGINIA. 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 TELECOMMUNICATIONS 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.Expenses $15,167,625 · grants $551,421 · revenue $20,514,872
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 27-0076588
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 2013
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S32)
- Assets (IRS master file)
- $183,253,177
- Income (IRS master file)
- $24,565,188
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $24,498,772 | $22,317,815 | $183,253,177 | XML |
| 990 | June 2024 | $19,027,098 | $19,939,323 | $143,369,439 | XML |
| 990 | June 2023 | $17,476,892 | $18,034,342 | $103,844,542 | XML |
| 990 | June 2022 | $16,699,414 | $17,743,792 | $87,739,365 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 27-0076588).
Questions about MID-ATLANTIC BROADBAND COMMUNITIES CORPORATION
- What is the EIN of MID-ATLANTIC BROADBAND COMMUNITIES CORPORATION?
- The employer identification number (EIN) of MID-ATLANTIC BROADBAND COMMUNITIES CORPORATION is 27-0076588.
- Is MID-ATLANTIC BROADBAND COMMUNITIES CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2013.
- Are donations to MID-ATLANTIC BROADBAND COMMUNITIES CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MID-ATLANTIC BROADBAND COMMUNITIES CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MID-ATLANTIC BROADBAND COMMUNITIES CORPORATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MID-ATLANTIC BROADBAND COMMUNITIES CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of MID-ATLANTIC BROADBAND COMMUNITIES CORPORATION?
- The 990 for the year ended June 30, 2025 names THOMAS DERISO.
- Who are the officers and directors of MID-ATLANTIC BROADBAND COMMUNITIES CORPORATION?
- The 990 for the year ended June 30, 2025 lists 24 people; 23 received compensation from the organization, the highest $493,801 (THOMAS DERISO, PRESIDENT &).
- How much revenue does MID-ATLANTIC BROADBAND COMMUNITIES CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $24,498,772, expenses of $22,317,815 and total assets of $183,253,177 at year end.
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