Mid-atlantic Broadband Communities
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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$143.4M
+38.1% YoY
Annual Giving
$257K
-2.3% YoY
Grant Count
1
-66.7% YoY
Avg Grant Size
$257K
+193.2% YoY
About Mid-atlantic Broadband Communities
Based on IRS filings
Mid-atlantic Broadband Communities is a nonprofit organization focused on Community Improvement & Capacity Building, based in SOUTH BOSTON, VA. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $143.4M in total assets. In 2024, it awarded 1 grants totaling $257K. Net investment income was $309K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $143,369,439 | $103,844,542 | $87,739,365 |
| Revenue | $19,027,098 | $17,476,892 | $16,699,414 |
| Expenses | $19,939,323 | $18,034,342 | $17,743,792 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $309,257 | $151,812 | $35,382 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
20 grants across all recorded years
Open Grants
2 open opportunities from Mid-atlantic Broadband Communities
MBC STEM-H Community College Scholarship
MID-ATLANTIC BROADBAND COMMUNITIES
Amount
$5,000 per community college ($20,000 total distributed across 4 colleges)
Deadline
Rolling / Open
Wanda Jeffress Scholarship (High School STEM Scholarship)
MID-ATLANTIC BROADBAND COMMUNITIES
Amount
$4,000 per award (5 scholarships annually)
Deadline
Rolling / Open
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Sova Innovation Hub Corporation ($257,000).
| Recipient | Purpose | Amount |
|---|---|---|
| SOVA INNOVATION HUB CORPORATION SOUTH BOSTON, VA | CONTRIBUTION | $257,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ERNEST R LAIL | DIRECTOR, CH | 1 | $19,960 |
| DAVID HUDGINS | DIRECTOR | 1 | $11,400 |
| BRYAN DAVID | DIRECTOR | 1 | $15,879 |
| EARVING L BLYTHE | DIRECTOR | 1 | $10,400 |
| DUANE DAHLQUIST | DIRECTOR | 1 | $12,800 |
| BEN DAVENPORT | DIRECTOR | 1 | $6,000 |
| MARK D HEATH | DIRECTOR | 1 | $12,200 |
| EDWARD HODGES | DIRECTOR, VI | 1 | $16,360 |
| CHARLES MAJORS | DIRECTOR | 1 | $11,000 |
| GARY WALKER | DIRECTOR | 1 | $12,200 |
| TELLY TUCKER | DIRECTOR | 1 | $8,150 |
| RICHARD SHUMAKER | DIRECTOR | 1 | $10,400 |
| BOB PICCHI | DIRECTOR | 1 | $15,862 |
| THOMAS DERISO | PRESIDENT & | 40 | $398,429 |
| DAVID KELLER | KEY EMPLOYEE | 40 | $270,697 |
| MARK PETTY | KEY EMPLOYEE | 40 | $242,551 |
| MARK VARAH | FORMER KEY E | 15 | $180,000 |
| PHILLIP LLOYD | SECRETARY/TR | 40 | $152,481 |
| PATRICIA CONNER | HIGHEST CMP | 40 | $141,150 |
| SARAH MILLER | HIGHEST CMP | 40 | $120,382 |
| BEN BURCHETTE | DIRECTOR | 40 | $130,368 |
| CHASE WEDDLE | DIRECTOR | 40 | $132,658 |
| CHRISTOPHER FEWAX | HIGHEST CMP | 40 | $104,009 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Mid-atlantic Broadband Communities?
Mid-atlantic Broadband Communities is a nonprofit organization focused on Community Improvement & Capacity Building, based in SOUTH BOSTON, VA. It holds $143.4M in total assets as of 2024.
How large is Mid-atlantic Broadband Communities?
As of 2024, Mid-atlantic Broadband Communities holds $143.4M in total assets with $19.0M in annual revenue. It awarded 1 grants totaling $257K in 2024.
Where does Mid-atlantic Broadband Communities operate?
Mid-atlantic Broadband Communities has awarded grants in Virginia.
What size grants does Mid-atlantic Broadband Communities award?
In 2024, Mid-atlantic Broadband Communities awarded 1 grants totaling $257K — an average of about $257K per grant, based on its IRS Form 990 filings.
What is Mid-atlantic Broadband Communities's EIN?
Mid-atlantic Broadband Communities's EIN (Employer Identification Number) is 27-0076588. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
Browse active grant opportunities in Mid-atlantic Broadband Communities's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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