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MID-ATLANTIC BROADBAND COMMUNITIES

EIN: 27-0076588South Boston, VAZIP: 24592
S32 - Community Improvement & Capacity Building501(c)(4)

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.

Financials

YearRevenueExpensesAssets
2023$19M$0$143.4M
2022$17.5M$0$103.8M

Compensation

2023

THOMAS DERISO
President &
chief executive officer
$290,568
$107,861
$0
$457,513
DAVID KELLER
Key Employee
key employee
$213,414
$57,283
$0
$303,936
MARK PETTY
Key Employee
key employee
$197,476
$45,075
$0
$292,404
PHILLIP LLOYD
Secretary/Tr
secretary (operational)
$117,660
$34,821
$0
$183,339
MARK VARAH
Former Key E
former officer/director/trustee
$180,000
$0
$0
$180,000
PATRICIA CONNER
Highest Cmp
highest compensated employee
$110,467
$30,683
$0
$153,888
CHASE WEDDLE
Director
highest compensated employee
$0
$0
$0
$132,658
BEN BURCHETTE
Director
highest compensated employee
$0
$0
$0
$130,368
SARAH MILLER
Highest Cmp
highest compensated employee
$0
$0
$0
$120,382
CHRISTOPHER FEWAX
Highest Cmp
highest compensated employee
$0
$0
$0
$104,009
ERNEST R LAIL
Director, Ch
officer (unspecified)
$0
$0
$0
$19,960
EDWARD HODGES
Director, Vi
officer (unspecified)
$0
$0
$0
$16,360
BRYAN DAVID
Director
board member
$0
$0
$0
$15,879
BOB PICCHI
Director
board member
$0
$0
$0
$15,862
DUANE DAHLQUIST
Director
board member
$0
$0
$0
$12,800
GARY WALKER
Director
board member
$0
$0
$0
$12,200
MARK D HEATH
Director
board member
$0
$0
$0
$12,200
DAVID HUDGINS
Director
board member
$0
$0
$0
$11,400
CHARLES MAJORS
Director
board member
$0
$0
$0
$11,000
RICHARD SHUMAKER
Director
board member
$0
$0
$0
$10,400
EARVING L BLYTHE
Director
board member
$0
$0
$0
$10,400
TELLY TUCKER
Director
board member
$0
$0
$0
$8,150
BEN DAVENPORT
Director
board member
$0
$0
$0
$6,000

2022

THOMAS DERISO
President &
chief executive officer
$280,961
$343,803
$0
$653,184
MARK VARAH
Key Employee
key employee
$176,247
$285,146
$0
$479,249
DAVID KELLER
Key Employee
key employee
$185,002
$218,271
$0
$422,000
MARK PETTY
Key Employee
key employee
$170,452
$199,950
$0
$387,613
SARAH MILLER
Highest Cmp
highest compensated employee
$82,172
$60,360
$0
$156,886
PHILLIP LLOYD
Secretary/Tr
secretary (operational)
$0
$0
$0
$146,636
PATRICIA CONNER
Director
highest compensated employee
$0
$0
$0
$127,349
BEN BURCHETTE
Director
highest compensated employee
$0
$0
$0
$115,614
CHASE WEDDLE
Director
highest compensated employee
$0
$0
$0
$115,186
CHRISTOPHER FEWAX
Highest Cmp
highest compensated employee
$0
$0
$0
$112,888
ERNEST R LAIL
Director, Ch
officer (unspecified)
$0
$0
$0
$19,960
EDWARD HODGES
Director, Vi
officer (unspecified)
$0
$0
$0
$16,360
BOB PICCHI
Director
board member
$0
$0
$0
$15,898
BRYAN DAVID
Director
board member
$0
$0
$0
$15,665
DUANE DAHLQUIST
Director
board member
$0
$0
$0
$12,800
MARK D HEATH
Director
board member
$0
$0
$0
$12,200
GARY WALKER
Director
board member
$0
$0
$0
$12,200
BEN DAVENPORT
Director
board member
$0
$0
$0
$12,000
DAVID HUDGINS
Director
board member
$0
$0
$0
$11,400
CHARLES MAJORS
Director
board member
$0
$0
$0
$11,000
EARVING L BLYTHE
Director
board member
$0
$0
$0
$10,400
RICHARD SHUMAKER
Director
board member
$0
$0
$0
$10,400

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