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Filing year 2023

MARYLAND BROADBAND COOPERATIVE INC

Salisbury, Maryland·EIN 02-0783564·NTEE Y22 · Mutual & Membership Benefit·12
Total revenue
$8.8M
Total assets
$14.8M
Total expenses
$9.2M
Reported officers
16
Mission

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

Executive compensation, broken down

Form 990 · Schedule J · 6 reported individuals · Filing year 2023

$376k
$411k
Base
$267k
Bonus
$36k
Other
Benefits
$43k
Base
$199k
Bonus
$38k
Other
Benefits
$31k
Base
$178k
Bonus
$26k
Other
Benefits
Employee
highest compensated employee
$214k
$234k
Base
$138k
Bonus
$26k
Other
Benefits
$33k
Employee
highest compensated employee
$171k
$186k
Base
$116k
Bonus
$5k
Other
Benefits
$38k
Employee
highest compensated employee
$105k
$115k
Base
$92k
Bonus
$13k
Other
Benefits

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 10 unpaid individuals.

Browse compensation in Mutual & Membership Benefit

Held steady
from 2022

From $374k in 2022 to $376k in 2023.

$374k
2022
$376k
2023
In today's dollarsEst.
Down 4% in real terms$427k to $411k

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

MARYLAND BROADBAND COOPERATIVE INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$9M
$8.7M
2022
$8.8M
$9.2M
2023
Total revenue and total expenses from IRS Form 990 filings.
Sector benchmark

What Mutual & Membership Benefit executives earn

Comparable mutual & membership benefit organizations nationwide pay their highest-earning executive a median of $19,468.

25th percentile
$6k
Median
$19,468
75th percentile
$79k
90th percentile
$193k

These are mutual & membership benefit sector-wide figures, not this organization's reported pay. Based on 294 organizations across 294 filings (2021 – 2023).

See full Mutual & Membership Benefit compensation data
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