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← E-POLK

Form 990 for tax year 2023

Filed by E-POLK.

What the amendment changed

Compared with the return it replaced , filed 13 May 2024. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$2,785,359 changed to $2,898,020
Total expenses
$1,658,748 changed to $1,638,933
Contributions and grants received
$845,668 changed to $955,302
Program service revenue
$1,924,615 changed to $1,931,315
Other revenue
$14,067 changed to $10,394
Total assets, end of year
$3,544,981 changed to $3,504,494
Total liabilities, end of year
$925,624 changed to $750,972
Net assets or fund balances, end of year
$2,619,357 changed to $2,753,522
Program services expenses
$776,504 changed to $1,240,018
Management and general expenses
$882,244 changed to $398,915
Program service expenses (Part III)
$776,504 changed to $1,240,018

Totals

Total revenue
$2,898,020
Total expenses
$1,638,933
Contributions and grants received
$955,302
Grants paid
$50,319
Program service revenue
$1,931,315
Investment income
$1,009
Other revenue
$10,394
Total assets, end of year
$3,504,494
Total liabilities, end of year
$750,972
Net assets or fund balances, end of year
$2,753,522
Program services expenses (Part IX)
$1,240,018
Management and general expenses
$398,915
Fundraising expenses
$0
Program service expenses (Part III)
$1,240,018

Program services were 75.7% 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.

  • 1e · Government grants (contributions)

    $59,953

  • 1f · All other contributions, gifts and grants

    $895,349

  • 2a · Program service revenue: SERVICE & MGMT REVENUES

    total $1,823,009 · related or exempt $1,823,009

  • 2b · Program service revenue: FIBER IRU

    total $24,437 · related or exempt $24,437

  • 2c · Program service revenue: POLE ATTACHMENT

    total $10,364 · related or exempt $10,364

  • 2d · Program service revenue: IP ADDRESSES

    total $5,764 · related or exempt $5,764

  • 2e · Program service revenue: DIRECT EXP REIMBURSEMNT

    total $32,272 · related or exempt $32,272

  • 2f · All other program service revenue

    total $35,469 · related or exempt $35,469

  • 3 · Investment income

    total $1,009 · related or exempt $1,009

  • 11a · Other revenue: DONATIONS CONTRIBUTIONS

    total $50 · related or exempt $50

  • 11b · Other revenue: NC SALES TAX REFUND

    total $422 · related or exempt $422

  • 11c · Other revenue: FINANCE CHARGE INCOME

    total $2,806 · related or exempt $2,806

  • 11d · All other revenue

    total $7,116 · related or exempt $7,116

  • 11e · Other revenue, total

    $10,394

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $50,319 · program services $50,319

  • 7 · Other salaries and wages

    total $727,334 · program services $433,397 · management and general $293,937

  • 11g · Fees: other

    total $72,540 · program services $36,100 · management and general $36,440

  • 12 · Advertising and promotion

    total $9,000 · program services $9,000

  • 14 · Information technology

    total $23,601 · management and general $23,601

  • 16 · Occupancy

    total $19,919 · program services $5,976 · management and general $13,943

  • 20 · Interest

    total $5,299 · management and general $5,299

  • 22 · Depreciation, depletion and amortization

    total $134,793 · program services $129,811 · management and general $4,982

  • 23 · Insurance

    total $23,204 · program services $11,225 · management and general $11,979

  • 24a · Other expenses: BANDWIDTH

    total $72,788 · program services $72,788

  • 24b · Other expenses: LATERAL INSTALLATIONS

    total $308,106 · program services $308,106

  • 24c · Other expenses: POLE ATTACHMENTS

    total $27,570 · program services $27,570

  • 24d · Other expenses: COLLOCATION EXPENSE

    total $19,681 · program services $19,681

  • 24e · All other expenses

    total $144,779 · program services $136,045 · management and general $8,734

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $77,282 · end of year $111,866

  • 2 · Savings and temporary cash investments

    beginning of year $315,887 · end of year $316,679

  • 4 · Accounts receivable

    beginning of year $52,929 · end of year $132,822

  • 7 · Other notes and loans receivable

    beginning of year $200,000 · end of year $200,018

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,273 · end of year $34,058

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

    $5,512,783

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

    $2,803,732

  • 10c · Land, buildings and equipment, net

    beginning of year $1,280,205 · end of year $2,709,051

  • 17 · Accounts payable and accrued expenses

    beginning of year $161,875 · end of year $166,712

  • 19 · Deferred revenue

    beginning of year $255,160 · end of year $37,017

  • 25 · Other liabilities

    beginning of year $12,019 · end of year $547,243

  • 27 · Net assets without donor restrictions

    beginning of year $1,504,522 · end of year $2,653,522

  • 28 · Net assets with donor restrictions

    end of year $100,000

Mission and programs · 2023

Mission

PANGAEA MISSION: TO DELIVER AFFORDABLE, RELIABLE CONNECTIVITY SERVICES TO THE REGION. THESE SERVICES WILL ACCELERATE ECONOMIC DEVELOPMENT AND IMPROVE QUALITY OF LIFE WHILE EXPANDING ACCESS INTO UNDERSERVED AREAS.

  • EXTENSION AND MAINTENANCE OF FIBER-OPTIC CABLE NETWORK TO ACHIEVE/MAINTAIN OPERATING STATUS OF MISSION UNDER RIAA.

    Expenses $1,240,018

As filed on the 2023 return.

Listed in Part VII

  • Ron A Walters

    EXEC DIRECTOR

    Total calculated
    $179,130
    From this org
    $179,130
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $179,130
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $179,130

  • Russ Pitts

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Steve Garrison

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dave Sherping

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Marche Pittman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jim Edwards

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Harry Grymes

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Joe Crowder

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

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 · Independent compensation consultant
  • 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

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

Provenance

Return type
form_990
Tax year
2023
Filed
5 May 2025
IRS schema version
2023v6.0
Source object
202541269349301309

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