Skip to content
Nonprofiteer
← INLAND DEVELOPMENT CORPORATION

Form 990 for tax year 2023

Filed by INLAND DEVELOPMENT CORPORATION.

Totals

Total revenue
$18,929,183
Total expenses
$2,209,085
Contributions and grants received
$0
Grants paid
$38,250
Program service revenue
$18,885,197
Investment income
$43,986
Other revenue
$0
Total assets, end of year
$28,541,425
Total liabilities, end of year
$201,656
Net assets or fund balances, end of year
$28,339,769
Program services expenses (Part IX)
$1,731,576
Management and general expenses
$477,509
Fundraising expenses
$0
Program service expenses (Part III)
$1,731,576

Program services were 78.4% 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.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: PROGRAM REVENUES

    total $18,885,197 · related or exempt $18,885,197

  • 3 · Investment income

    total $43,986 · excluded $43,986

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $24,750 · program services $24,750

  • 2 · Grants to domestic individuals

    total $13,500 · program services $13,500

  • 11b · Fees: legal

    total $112,293 · management and general $112,293

  • 11c · Fees: accounting

    total $15,216 · management and general $15,216

  • 11g · Fees: other

    total $350,000 · management and general $350,000

  • 12 · Advertising and promotion

    total $3,336 · program services $3,336

  • 13 · Office expenses

    total $386 · program services $386

  • 22 · Depreciation, depletion and amortization

    total $735,737 · program services $735,737

  • 23 · Insurance

    total $13,930 · program services $13,930

  • 24a · Other expenses: FIBER EXPENSE

    total $628,761 · program services $628,761

  • 24b · Other expenses: OUTSIDE SERVICES

    total $146,346 · program services $146,346

  • 24c · Other expenses: OPERATING TAXES

    total $136,876 · program services $136,876

  • 24d · Other expenses: FRANCHISE EXPENSE

    total $16,551 · program services $16,551

  • 24e · All other expenses

    total $11,403 · program services $11,403

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $361,339 · end of year $404,196

  • 2 · Savings and temporary cash investments

    beginning of year $2,747,615 · end of year $5,195,806

  • 4 · Accounts receivable

    beginning of year $112,977 · end of year $68,146

  • 7 · Other notes and loans receivable

    beginning of year $1,837,618 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $34,914 · end of year $47,099

  • 10a · Land, buildings and equipment: cost or other basis

    $24,903,734

  • 10b · Land, buildings and equipment: accumulated depreciation

    $8,114,240

  • 10c · Land, buildings and equipment, net

    beginning of year $3,405,892 · end of year $16,789,494

  • 15 · Other assets

    beginning of year $3,314,394 · end of year $6,036,684

  • 17 · Accounts payable and accrued expenses

    beginning of year $348

  • 19 · Deferred revenue

    beginning of year $230,464 · end of year $201,656

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $11,583,937 · end of year $28,339,769

Mission and programs · 2023

Mission

TO PROVIDE ADVANCED BROADBAND FACILITIES AND SERVICES OVER A FIBER OPTIC NETWORK TO AREAS LACKING IN SERVICES ALTOGETHER OR AT RATES THAT ARE COST PROHIBITIVE.

  • INLAND DEVELOPMENT CORPORATION WILL PROVIDE ADVANCED BROADBAND FACILITIES TO THE EDUCATIONAL AND PUBLIC SECTORS FOR THE ADVANCEMENT OF EDUCATION, RESEARCH AND INFORMATION SHARING.

    Expenses $1,731,576 · Grants $38,250 · Revenue $18,885,197

As filed on the 2023 return.

Listed in Part VII

  • Jill Parker

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Rich Devin

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Jerry Healy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Marvin Padberg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Blake Lawrence

    CEO/GENERAL MANAGER

    Total calculated
    $0
    Hours/week
    20

  • Bruce Munro

    CTO

    Total calculated
    $0
    Hours/week
    10

  • Lynn Rodriguez

    CFO

    Total calculated
    $0
    Hours/week
    10

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.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2024
IRS schema version
2023v5.0
Source object
202401349349304500

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.