Nonprofit · EIN 52-2077863
TELECOMMUNICATIONS DEVELOPMENT FUND
Tax-exempt · CHEVY CHASE, MD 20815
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | -$3,202,601 | $1,905,410 | -$5,108,011 | $108,347,104 | $2,568,658 | $105,778,446 |
| December 31, 2024 | 990 | -$4,798,047 | $2,641,663 | -$7,439,710 | $112,220,666 | $1,289,002 | $110,931,664 |
| December 31, 2023 | 990 | -$3,231,930 | $1,167,315 | -$4,399,245 | $119,699,804 | $100,210 | $119,599,594 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- -$3,384,139
- Net gain from sales of assets
- -$3,425,230
- Other revenue
- $181,538
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $220,000
- Salaries, compensation and benefits (total)
- $220,000
- Professional fundraising fees
- $0
- Legal fees
- $50,470
- Accounting fees
- $65,103
- Travel
- $9,510
- Program services (functional)
- $883,411
- Management and general (functional)
- $1,021,999
Balance sheet and other
- Total assets, start of year
- $112,220,666
- Total assets, end of year
- $108,347,104
- Total liabilities, end of year
- $2,568,658
- Net assets, end of year
- $105,778,446
- Publicly traded securities
- $728,070
- Net assets without donor restrictions
- $105,778,446
- Gross receipts
- $0
- Employees
- 0
- Year formed
- 1998
- State of legal domicile
- MD
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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Richard Bodman | director Trustee or director | 0 | $55,000 |
| Brian Bailey | Director Trustee or director | 0 | $47,500 |
| Marvin Bush | Director Trustee or director | 0 | $42,500 |
| Michael Meece | director Trustee or director | 0 | $40,000 |
| Brooke Coburn | Director Trustee or director | 0 | $35,000 |
| James Pastoriza | CEO Officer | 0 | $0 |
990 for the year ended December 31, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Richard Bodman | director Trustee or director | 0 | $55,000 |
| Brian Bailey | Director Trustee or director | 0 | $47,500 |
| Marvin Bush | Director Trustee or director | 0 | $42,500 |
| Michael Meece | director Trustee or director | 0 | $40,000 |
| Brooke Coburn | Director Trustee or director | 0 | $35,000 |
| James Pastoriza | CEO Officer | 0 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Richard Bodman | director Trustee or director | 0 | $50,000 |
| Brian Bailey | Director Trustee or director | 0 | $47,500 |
| Marvin Bush | Director Trustee or director | 0 | $42,500 |
| Michael Meece | director Trustee or director | 0 | $40,000 |
| Brooke Coburn | Director Trustee or director | 0 | $40,000 |
| James Pastoriza | CEO Officer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 2 WISCONSIN CIR STE 920, CHEVY CHASE, MD 20815-7035
- In care of
- % THE ORGANIZATION
- Principal officer (990 for 2025)
- James Pastoriza, 2 WISCONSIN CIRCLE SUITE 920, CHEVY CHASE, MD 20815
- Signed the 990
- JAMES PASTORIZA, CEO
- Phone
- (240) 483-4286
- Website
- www.tdfventures.com
- Return prepared by
- PwC US Tax LLP
Mission
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
Program accomplishments
- See attachment 1
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 52-2077863
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1998
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $108,347,104
- Income (IRS master file)
- $3,202,601
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | -$3,202,601 | $1,905,410 | $108,347,104 | XML |
| 990 | December 2024 | -$4,798,047 | $2,641,663 | $112,220,666 | XML |
| 990 | December 2023 | -$3,231,930 | $1,167,315 | $119,699,804 | XML |
| 990 | December 2022 | -$5,477,154 | $1,319,746 | $123,416,262 | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 52-2077863).
Questions about TELECOMMUNICATIONS DEVELOPMENT FUND
- What is the EIN of TELECOMMUNICATIONS DEVELOPMENT FUND?
- The employer identification number (EIN) of TELECOMMUNICATIONS DEVELOPMENT FUND is 52-2077863.
- Is TELECOMMUNICATIONS DEVELOPMENT FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1998.
- Are donations to TELECOMMUNICATIONS DEVELOPMENT FUND tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does TELECOMMUNICATIONS DEVELOPMENT FUND 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 TELECOMMUNICATIONS DEVELOPMENT FUND due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TELECOMMUNICATIONS DEVELOPMENT FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of TELECOMMUNICATIONS DEVELOPMENT FUND?
- The 990 for the year ended December 31, 2025 names James Pastoriza.
- Who are the officers and directors of TELECOMMUNICATIONS DEVELOPMENT FUND?
- The 990 for the year ended December 31, 2025 lists 6 people; 5 received compensation from the organization, the highest $55,000 (Richard Bodman, director).
- How much revenue does TELECOMMUNICATIONS DEVELOPMENT FUND have?
- On its 990 for the year ended December 31, 2025 it reported revenue of -$3,202,601, expenses of $1,905,410 and total assets of $108,347,104 at year end.
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