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MID-Atlantic Broadband Communities Corporation

Social welfare
DBA: % PHILLIP D LLOYD
Social Welfare / Advocacy · SOUTH BOSTON, VA · EIN 27-0076588

About

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.

In care of Phillip D Lloyd

Donations are NOT tax-deductible
Category
Social Welfare / Advocacy
Employees
29
Volunteers

Financial Snapshot

FY ending 2023-06-30
Revenue
$17.5M
Expenses
$18.0M
Assets
$103.8M
Liabilities
$53.4M

Financial history

$18.0M$9.0M$0
1617181920212223
RevenueExpenses
Latest FY2023: $17.5M · Avg: $14.3M

Political & Grant Activity

Campaign Spending
Lobbying
Grants Given
$469K
MID-ATLANTIC BROADBAND COMMUNITIES CORPORATION
Your actions

Address

715 Wilborn AVE
South Boston, VA, 24592-312

Governance

Voting board members12
Independent members12
Conflict-of-interest policyYes
Whistleblower policyNo
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardNo

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planNo
Compensation committeeYes
Used comp surveyYes
Board approved compYes
Initial contract exceptionNo
Public records
ProPublica Nonprofit Explorer
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IRS Tax Exempt Organization Search
IRS-side authoritative source. Confirms current exempt status and pulls the latest determination letter.
These open in a new tab. AllCiv doesn't host filings directly — these are the authoritative public-record sources.