Fiscal year ending 2023. Filed on April 23, 2024.
715 Wilborn Avenue
South Boston, Virginia 24592
Mid-Atlantic Broadband Communities Corporation (EIN: 27-0076588) has filed an IRS Form 990 between fiscal years 2016 and 2023. In its fiscal year 2023 IRS Form 990 filing, Mid-Atlantic Broadband Communities Corporation, a 501(c)(4) civic league or social welfare organization, reported compensation for 10 out of 29 total employees. Among the employees shown here, the average compensation is $271,661. The highest compensated employee at Mid-Atlantic Broadband Communities Corporation is Thomas Deriso with fiscal year 2023 compensation of $653,184.
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Employee compensation
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.
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