Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $793,733

• 2a · Program service revenue: Contract Revenue

  total $62,394,807 · related or exempt $62,334,807 · unrelated business $60,000

• 2b · Program service revenue: ROU Asset Sales

  total $4,889,632 · related or exempt $4,889,632

• 2f · All other program service revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $383,967 · excluded $383,967

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7b · Less cost or other basis and sales expenses

  other assets $89,909

• 7c · Gain or loss

  securities $0 · other assets -$89,909

• 7d · Net gain or loss

  total -$89,909 · excluded -$89,909

• 11a · Other revenue: Other Income

  total $84,343 · excluded $84,343

• 11d · All other revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $84,343

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $3,210,047 · program services $1,829,208 · management and general $1,380,839

• 7 · Other salaries and wages

  total $11,855,686 · program services $10,044,855 · management and general $1,810,831

• 8 · Pension plan contributions

  total $1,593,360 · program services $1,254,572 · management and general $338,788

• 9 · Other employee benefits

  total $1,466,065 · program services $1,107,634 · management and general $358,431

• 10 · Payroll taxes

  total $1,185,333 · program services $933,050 · management and general $252,283

• 11b · Fees: legal

  total $450 · program services $356 · management and general $94

• 11c · Fees: accounting

  total $15,000 · management and general $15,000

• 11d · Fees: lobbying

  total $61,506 · management and general $61,506

• 11g · Fees: other

  total $5,373,828 · program services $4,272,916 · management and general $1,100,912 · fundraising $0

• 12 · Advertising and promotion

  total $15,148 · program services $7,574 · management and general $7,574

• 13 · Office expenses

  total $52,977 · program services $44,172 · management and general $8,805

• 14 · Information technology

  total $4,406,211 · program services $4,179,305 · management and general $226,906

• 16 · Occupancy

  total $1,679,477 · program services $1,403,862 · management and general $275,615

• 17 · Travel

  total $192,326 · program services $174,291 · management and general $18,035

• 19 · Conferences, conventions and meetings

  total $82,776 · program services $72,766 · management and general $10,010

• 20 · Interest

  total $2 · program services $2

• 22 · Depreciation, depletion and amortization

  total $11,947,317 · program services $11,563,471 · management and general $383,846

• 23 · Insurance

  total $372,905 · program services $273,400 · management and general $99,505

• 24a · Other expenses: Leased Lines

  total $12,066,272 · program services $12,066,272

• 24b · Other expenses: Repairs and Maintenance

  total $3,722,137 · program services $3,559,721 · management and general $162,416

• 24c · Other expenses: Provision for Fiber Cut

  total $1,743,018 · program services $1,743,018

• 24d · Other expenses: Colocation

  total $622,037 · program services $622,037

• 24e · All other expenses

  total $105,396 · program services $36,253 · management and general $69,143 · fundraising $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $11,903,469 · end of year $13,580,650

• 4 · Accounts receivable

  beginning of year $11,045,482 · end of year $7,427,461

• 5 · Loans and receivables from officers and key people

  end of year $0

• 6 · Loans and receivables from disqualified persons

  end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $5,534,131 · end of year $10,992,613

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

  $219,647,224

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

  $117,280,760

• 10c · Land, buildings and equipment, net

  beginning of year $111,839,595 · end of year $102,366,464

• 12 · Investments: other securities

  beginning of year $0

• 13 · Investments: program-related

  beginning of year $0

• 15 · Other assets

  beginning of year $10,179,828 · end of year $15,287,100

• 17 · Accounts payable and accrued expenses

  beginning of year $3,965,677 · end of year $5,491,449

• 19 · Deferred revenue

  beginning of year $37,321,396 · end of year $28,741,030

• 22 · Loans and payables to officers and key people

  end of year $0

• 25 · Other liabilities

  beginning of year $3,718,896 · end of year $3,393,593

• 27 · Net assets without donor restrictions

  beginning of year $104,494,694 · end of year $111,112,574

• 28 · Net assets with donor restrictions

  beginning of year $1,001,842 · end of year $915,642

The filer's explanations (Part III)

Schedule J, Part I, Line 5a Compensation contingent on revenues of the organization

MCNC'S PRESIDENT HAS THE POTENTIAL TO RECEIVE AN ANNUAL BONUS BASED ON SEVERAL FACTORS MEASURING IMPROVEMENTS OVER THE PRIOR YEAR, ONE FACTOR BEING REVENUE GROWTH, AFTER APPROVAL BY THE BOARD OF DIRECTORS.