MID-ATLANTIC BROADBAND COMMUNITIES CORPORATION
1100 CONFROY DRIVE STE 4, SOUTH BOSTON, VA 24592 www.mbc-va.com

Total Revenue
$13,448,533
Total Expenses
$16,254,397
Net Assets
$53,843,083

Organizations Filed Purposes: 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.

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.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Thomas DerisoPRESIDENT &40$356,582
Mark VarahEMPLOYEE40$261,349
David KellerEMPLOYEE40$245,602
Mark PettyEMPLOYEE40$164,312
Sarah MillerEMPLOYEE40$108,092
Phillip LloydSECRETARY/TR0$96,006
Ernest R LailDIRECTOR, CH0$22,165
Edward HodgesDIRECTOR, VI0$18,525
Bob PicchiDIRECTOR0$18,044
Bryan DavidDIRECTOR0$17,470
Duane DahlquistDIRECTOR0$13,758
Gary WalkerDIRECTOR0$13,270
Mark D HeathDIRECTOR0$13,235
Ben DavenportDIRECTOR0$12,350
David HudginsDIRECTOR0$11,990
Charley MajorsDIRECTOR0$11,755
Richard ShumakerDIRECTOR0$11,130
Earving L BlytheDIRECTOR0$11,130
Wanda Bostick JeffressDIRECTOR0$3,145

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/201933189349300838_public.xml