Mid-Atlantic Broadband Communities Corporation
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 at a glance
In short: Mid-Atlantic Broadband Communities Corporation gave $524K across 1 grant in 2025 (avg $524K), mostly in Virginia. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $524,234
- +2.7% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $524,234
- +2.7% vs 2024
- Median grant
- $524,234
- Total assets
- $183,253,177
- +27.8% vs 2024
- Primary geography
- Virginia (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
How to apply to Mid-Atlantic Broadband Communities Corporation
Open Grants
2 open opportunities from Mid-Atlantic Broadband Communities Corporation
MBC STEM-H Community College Scholarship
Mid-Atlantic Broadband Communities Corporation
Amount
$5,000 per community college ($20,000 total distributed across 4 colleges)
Deadline
Deadline not published
Wanda Jeffress Scholarship (High School STEM Scholarship)
Mid-Atlantic Broadband Communities Corporation
Amount
$4,000 per award (5 scholarships annually)
Deadline
Deadline not published
Who Mid-Atlantic Broadband Communities Corporation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Sova Innovation Hub Corporation ($524K).
Grant Size Distribution
21 grants across all recorded years
The most common grant size was under $50K: 16 grants of 21 (76%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Mid-Atlantic Broadband Communities Corporation gives
- Giving grew 77% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $297K (2022) to $524K (2025). In 2025 it made 1 grant totaling $524K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Sova Innovation Hub Corporation South Boston, VA | Contribution | $524,234 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $183,253,177 | $24,498,772 | $22,317,815 | $524,234 | 1 | $573,171 |
| 2024 | $143,369,439 | $19,027,098 | $19,939,323 | $510,303 | 1 | $309,257 |
| 2023 | $103,844,542 | $17,476,892 | $18,034,342 | $469,211 | 3 | $151,812 |
| 2022 | $87,739,365 | $16,699,414 | $17,743,792 | $296,500 | 8 | $35,382 |
| 2021 | $86,074,221 | $16,736,682 | $16,820,656 | $370,689 | 8 | $76,889 |
About Mid-Atlantic Broadband Communities Corporation
Based on IRS filings
Mid-Atlantic Broadband Communities Corporation is a public charity focused on Community Improvement & Capacity Building, based in South Boston, VA. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $183.3M in total assets. In 2025, it awarded 1 grant totaling $524K. Net investment income was $573K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Mid-Atlantic Broadband Communities Corporation is led by Thomas Deriso, President on every filing since 2021; 23 of 24 officers listed in 2025 are compensated.
Officers on the 2025 filing
Thomas Deriso
President
On filings since 2021
40 hrs/week
$363K (2021) → $494K (2025)
Ernest R. Lail
Director & Chair
On filings since 2021
1 hr/week
$20K (2021) → $22K (2025)
Bob Picchi
Director
On filings since 2021
1 hr/week
$16K (2021) → $17K (2025)
Bryan David
Director
On filings since 2021
1 hr/week
$16K (2021) → $16K (2025)
Charles Majors
Director
On filings since 2021
1 hr/week
$11K (2021) → $13K (2025)
David Hudgins
Director
On filings since 2021
1 hr/week
$11K (2021) → $12K (2025)
Duane Dahlquist
Director
On filings since 2021
1 hr/week
$13K (2021) → $13K (2025)
Earving L. Blythe
Director
On filings since 2021
1 hr/week
$10K (2021) → $11K (2025)
Edward Hodges
Director
On filings since 2021
1 hr/week
$16K (2021) → $18K (2025)
Mark D. Heath
Director
On filings since 2021
1 hr/week
$12K (2021) → $13K (2025)
Richard Shumaker
Director
On filings since 2021
1 hr/week
$10K (2021) → $11K (2025)
Telly Tucker
Director
On filings since 2024
1 hr/week
$8K (2024) → $12K (2025)
Maurice Ferrell
Director
New on the 2025 filing
1 hr/week
No compensation reported
David Keller
Key Employee
Employee → Key Employee, 2022
On filings since 2021
40 hrs/week
$213K (2021) → $313K (2025)
Mark Petty
Key Employee
Employee → Key Employee, 2022
On filings since 2021
40 hrs/week
$223K (2021) → $283K (2025)
Phillip Lloyd
Secretary
On filings since 2021
40 hrs/week
$114K (2021) → $176K (2025)
Sarah Miller
Highest Cmp
Employee → Highest Cmp, 2022
On filings since 2021
40 hrs/week
$107K (2021) → $149K (2025)
Ben Burchette
Key Employee
Director → Key Employee, 2025
On filings since 2023
40 hrs/week
$107K (2023) → $162K (2025)
Chase Weddle
Key Employee
Director → Key Employee, 2025
On filings since 2023
40 hrs/week
$107K (2023) → $160K (2025)
Christopher Fewox
Highest Cmp
On filings since 2023
40 hrs/week
$104K (2023) → $113K (2025)
Patricia Conner
Key Employee
Director → Highest Cmp, 2024
Highest Cmp → Key Employee, 2025
On filings since 2023
40 hrs/week
$118K (2023) → $173K (2025)
Christopher Coleman
Highest Cmp
New on the 2025 filing
40 hrs/week
$104K (2025)
Lauren Mathena
Highest Cmp
New on the 2025 filing
40 hrs/week
$107K (2025)
Timothy Agee
Highest Cmp
New on the 2025 filing
40 hrs/week
$112K (2025)
Former officers (3)
- Former: Ben Davenport (2021–2024) — Director
- Former: Gary Walker (2021–2024) — Director
- Former: Mark Varah (2021–2024) — Former Key E
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $494K, to Thomas Deriso (President &). 23 officers or directors reported compensation on that filing.
Frequently asked questions about Mid-Atlantic Broadband Communities Corporation
How much does Mid-Atlantic Broadband Communities Corporation give each year?
Mid-Atlantic Broadband Communities Corporation gave $524K across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $510K across 1 grant.
How large is Mid-Atlantic Broadband Communities Corporation?
Mid-Atlantic Broadband Communities Corporation reported $183.3M in total assets on its 2025 IRS Form 990. Its revenue that year was $24.5M.
What is Mid-Atlantic Broadband Communities Corporation?
Mid-Atlantic Broadband Communities Corporation is a public charity focused on Community Improvement & Capacity Building, based in South Boston, VA. It holds $183.3M in total assets as of 2025.
Where does Mid-Atlantic Broadband Communities Corporation operate?
Mid-Atlantic Broadband Communities Corporation has awarded grants in Virginia.
What is Mid-Atlantic Broadband Communities Corporation's EIN?
Mid-Atlantic Broadband Communities Corporation's EIN (Employer Identification Number) is 27-0076588. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(5)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2021 (received by the IRS November 15, 2021)
- Updated Form 990 for fiscal year 2022 (received by the IRS February 27, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS April 23, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS December 2, 2024)
- Updated Form 990 for fiscal year 2025 (received by the IRS March 30, 2026)
Live grants for the work Mid-Atlantic Broadband Communities Corporation funds
Community Improvement & Capacity Building Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Mid-Atlantic Broadband Communities Corporation's focus areas in our free grants database
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