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Nonprofiteer
← CONNECTED NATION DEVELOPMENT CORPORATION

Form 990 for tax year 2022

Filed by CONNECTED NATION DEVELOPMENT CORPORATION.

Totals

Total revenue
$0
Total expenses
$180,633
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$0
Total liabilities, end of year
$1,485,174
Net assets or fund balances, end of year
-$1,485,174
Program services expenses (Part IX)
$162,422
Management and general expenses
$18,211
Fundraising expenses
$0
Program service expenses (Part III)
$162,422

Program services were 89.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $750 · program services $375 · management and general $375

  • 11g · Fees: other

    total $106,790 · program services $106,790

  • 20 · Interest

    total $71,265 · program services $53,449 · management and general $17,816

  • 24a · Other expenses: LICENSES AND PERMITS

    total $1,416 · program services $1,416

  • 24b · Other expenses: MISCELLANEOUS

    total $412 · program services $392 · management and general $20

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $18

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,000 · end of year $3,000

  • 24 · Unsecured notes and loans payable

    beginning of year $1,301,559 · end of year $1,482,174

  • 27 · Net assets without donor restrictions

    beginning of year -$1,304,541 · end of year -$1,485,174

Mission and programs · 2022

Mission

TO PROMOTE THE CONCEPT AND COLLABORATION OF TECHNOLOGY EXPANSION, INCLUDING BROADBAND EXPANSION, INTO ALL AREAS OF THE COUNTRY TO THE OFFICIALS, PRIVATE TELECOMMUNICATIONS INDUSTRY LEADERS, AND LEGISLATURES BOTH AT THE FEDERAL AND STATE LEVELS.

Activities or mission (Part I)

TO PROMOTE THE CONCEPT AND COLLABORATION OF TECHNOLOGY EXPANSION, INCLUDING BROADBAND EXPANSION, INTO ALL AREAS OF THE COUNTRY TO THE OFFICIALS, PRIVATE TELECOMMUNICATIONS INDUSTRY LEADERS, AND LEGISLATURES BOTH AT THE FEDERAL AND STATE LEVELS. A PORTION OF ITS ACTIVITIES WILL BE THE SOLICITATION OF FUNDS FROM STATE AND FEDERAL LEGISLATURES TO FACILITATE PROGRAMS IN THE EXPANSION STATES.

  • PROMOTING THE CONCEPT AND COLLABORATION OF TECHNOLOGY EXPANSION, INCLUDING BROADBAND EXPANSION, INTO ALL AREAS OF THE COUNTRY.

    Expenses $162,422

As filed on the 2022 return.

Listed in Part VII

  • THOMAS W FERREE

    PRESIDENT AND DIRECTOR

    Total calculated
    $383,404
    From this org
    $0
    From related orgs
    $362,976
    Other
    $20,428
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $362,976 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $10,889 related
    Nontaxable benefits
    $0 + $9,539 related
    Filer's total
    $0 + $383,404 related

  • MARK K MCELROY

    VICE PRESIDENT AND DIRECTO

    Total calculated
    $0
    Hours/week
    1

  • GWEN PINSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BERNICE A BOGLE

    TREASURER

    Total calculated
    $250,607
    From this org
    $0
    From related orgs
    $227,174
    Other
    $23,433
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $227,174 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $6,815 related
    Nontaxable benefits
    $0 + $16,618 related
    Filer's total
    $0 + $250,607 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE ORGANIZATION'S OFFICERS ARE COMPENSATED BY A RELATED ORGANIZATION, CONNECTED NATION. CONNECTED NATION'S COMPENSATION IS ESTABLISHED BY COMPENSATION COMMITTEE, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
21 June 2023
IRS schema version
2022v5.0
Source object
202321729349300532

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